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).
At close, the Sensex was up 498.58 points or 0.64% at 78,540.17, and the Nifty was up 165.95 points or 0.70% at 23,753.45.
In the last 10 years, funds mobilized by Indian companies from capital markets has increased more than 10-fold, from Rs 12,068 crore in financial year 2014 (FY14) to Rs 1.21 trillion crore in FY25 (till October), a recent report by the SBI Economic Research Department said.
Unified Payments Interface (UPI) transactions at retail stores have witnessed a spike of 33%, underscoring the growing adoption of digital payments beyond Tier II regions in the country, a recent report has said.
Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent, exempted life-saving gene therapy from tax, and extended the GST exemption for parts used in manufacturing (SAM).
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.
