Bank frauds increased to 18,461, amount involved spikes 8x in H1FY25: RBI
The amount involved in these frauds also jumped more than eight-fold to Rs 21,367 crore, RBI data said.
The amount involved in these frauds also jumped more than eight-fold to Rs 21,367 crore, RBI data said.
Benchmark indices closed with little change on Thursday in yet another volatile session, with the Nifty at 23,750 led by auto, pharma, energy stocks. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or at 23,750.20.
The new business premium (NBP) in life insurance’s micro-insurance segment in 2023-24 surpassed Rs 10,000 crore for the first time, Insurance Regulatory and Development Authority of India (Irdai) said.
In the coming year, AI agents will generate new revenue streams, innovate business processes across industries, boosting profitability, operational efficiency, and customer experience.
Global audit firm Deloitte has been fined about Rs 2 crore by the National Financial Reporting Authority (NFRA) for alleged lapses in auditing Zee Entertainment Enterprises Ltd (ZEEL).
Elon Musk-run Tesla has appointed billionaire and Airbnb Co-founder Joe Gebbia to its board of directors. According to a filing with the US Securities and Exchange Commission (SEC), Gebbia has replaced Oracle Chairman and CTO Larry Ellison who left the board earlier this year.
Budaun Hardoi Road Private Ltd (BHRPL), Hardoi Unnao Road Private Ltd (HURPL) and Unnao Prayagraj Road Private Ltd (UPRPL) -- wholly owned subsidiaries of Adani Enterprises Ltd (AEL) -- have achieved Financial Closure for the access-controlled six lane (expandable to eight lane) greenfield Ganga Expressway Project (Group-II, III & IV) in Uttar Pradesh (UP) respectively on DBFOT (Toll) basis under PPP mode.
A common currency needs robust financial systems and markets, as well as strong institutional support. Not all ASEAN countries have such institutions to deal with the threats to the financial sector, which have increased in recent years. Then there is the lack of control over national monetary and fiscal policies, restricting the governments’ sovereignty and autonomy.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to raise the policy rate ranging between 35 to 50 basis points (bps) on Friday, experts believe.
While 93 per cent of employees in India say they are productive at work, a whopping 91 per cent of leaders feel the shift to hybrid work has made it challenging to have confidence in employees being productive, a Microsoft study showed on Thursday.
