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New Delhi [India], April 9 (ANI): In a step towards strengthening India's fight against cyber fraud and financial crimes, the Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed a Memorandum of Understanding (MoU) to enhance information sharing and coordination. According to a statement released by the Ministry of Finance, "The MoU was signed by Amit Mohan Govil, Director, FIU-IND, and Rajesh Kumar, Chief Executive Officer, the Indian Cyber Cr ...Read More >
Mumbai (Maharashtra) [India], April 9 (ANI): The Reserve Bank of India (RBI) on Thursday announced that an underwriting auction for the sale of Government Security amounting to Rs 34,000 crore will be held tomorrow. According to the RBI, the Government of India has notified the sale (re-issue) of one Government Security through an auction scheduled for tomorrow. Also Read | Kolkata Knight Riders vs Lucknow Super Giants, Live Score Updates, IPL 2026 Match 15. The security on offer is worth Rs ...Read More >
Deputy Commissioner of Police Shavya Goyal said the accused posed as technical support agents and threatened their targets with claims of hacking and data theft to extort money. The police identified the four as Mohd Bilal, 26, Dev Kapahi, 25, and Kushagra Nimbekar, 24, all residents of Delhi, and Abhishek Mukheja, 27, a resident of Rajasthan's Alwar district. "They ran paid advertisements on the internet and social media platforms under the guise of 'Tech Support', displaying toll-free number ...Read More >
The Financial Intelligence Unit-India and the Indian Cyber Crime Coordination Centre have signed an agreement to improve information sharing and combat cyber frauds. The MoU aims to enhance fraud detection and prevention protocols and facilitate the development of guidelines for financial institutions. This marks a new era of intelligence sharing in India. The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) have formalized an agreement to bolster ...Read More >
New Delhi [India], April 9 (ANI): In a step towards strengthening India's fight against cyber fraud and financial crimes, the Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed a Memorandum of Understanding (MoU) to enhance information sharing and coordination. According to a statement released by the Ministry of Finance, "The MoU was signed by Amit Mohan Govil, Director, FIU-IND, and Rajesh Kumar, Chief Executive Officer, the Indian Cyber Cr ...Read More >
New Delhi: Looking to check cyber frauds and financial crimes, the Union Home Ministry's Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry's Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday. The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official said in a statemen ...Read More >
MUMBAI: Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to close with deep cuts on Thursday after investors pared exposure to financial, banking, and IT stocks as renewed tensions in West Asia faded the ceasefire-led optimism. Weak trends in Asian and European markets, a jump in crude oil prices and uninterrupted foreign fund outflows also made investors jittery in the domestic market. Snapping its five-session winning run, the 30-share BSE Sensex dropped 931.25 ...Read More >
NEW DELHI, April 9 (Reuters) - India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among econo ...Read More >
New Delhi, Apr 9 (PTI) The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) on Thursday signed an agreement to enhance information sharing and strengthen India's fight against cyber frauds and financial crimes. The Memorandum of Understanding (MoU) aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, while also facilitating the development and dissemination of guideline ...Read More >
Mumbai, Apr 9 (PTI) Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to close with deep cuts on Thursday after investors pared exposure to financial, banking, and IT stocks as renewed tensions in West Asia faded the ceasefire-led optimism. Weak trends in Asian and European markets, a jump in crude oil prices and uninterrupted foreign fund outflows also made investors jittery in the domestic market. Snapping its five-session winning run, the 30-share BSE Sensex dro ...Read More >
NEW DELHI: India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among economies most exposed to ...Read More >
Mumbai, Apr 9 (PTI) Country's largest IT services company TCS on Thursday reported a 12.22 per cent jump in its March quarter net profit at Rs 13,718 crore. The Tata Group company reported a net profit of Rs 12,224 crore in the January-March period last year and Rs 10,657 crore in the preceding December quarter. For fiscal year 2025-26, TCS' PAT inched up 1.35 per cent to Rs 49,210 crore, as against Rs 48,553 crore in FY25. From a headcount perspective, the company added 2,356 jobs in Q4 to t ...Read More >
MUMBAI: Tata Consultancy Services Limited has signalled its confidence in the digital future by recommending a final dividend of Rs 31 per share. The payout, which remains subject to shareholder approval at the upcoming annual general meeting, caps off a year of significant activity for the global IT services leader. The company reported a consolidated revenue from operations of Rs 267,021 crore for the year ended 31 March 2026, representing a steady increase from the Rs 255,324 crore recorded ...Read More >
Kochi, India - April 09, 2026: Gold loans in India have long been trusted for quick access to credit. The process, however, remains largely manual, time-bound and operationally intensive. Wizzmoni, a flagship brand of Wizz Financial, is now redefining that experience. Wizzmoni has introduced India's first fully Automated Gold Loan Machine, a breakthrough innovation that enables customers to complete the entire gold loan journey, from onboarding to disbursement, in real time. This is not just a ...Read More >
Mumbai: Indian equity benchmarks declined on Thursday, snapping their five-day gaining streak, as rising oil prices and uncertainty around the US-Iran ceasefire weighed on investor sentiment. The Nifty closed 0.93 per cent lower, falling 222.25 points to settle at 23,775.10. The Sensex also slipped sharply, ending 1.20 per cent or 931.25 points down at 76,631.65. Commenting on Nifty technical outlook, experts said that the intraday charts showed price action remained range-bound with a slight ...Read More >
New Delhi, Apr 9 (PTI) Veteran banker K V Kamath on Thursday underlined the need for reskilling and education reforms to harness the potential of artificial intelligence (AI), which will be defining the theme of the next decade. During a fireside chat with Sunil Kant Munjal, chairman of Hero Enterprises, at an AIMA event, Kamath suggested that India should focus on practical applications rather than on expensive foundational models. "Building an LLM (large language model) is not necessarily th ...Read More >
New Delhi: A protracted conflict in the Middle East could push Bangladesh's inflation higher, widen the current‑account deficit, weaker exports, lower remittances and reduce fiscal space as energy subsidies rise, a new report has said. The latest Bangladesh Development Update projects growth to slow to 3.9 per cent in FY26, World Bank said. Bangladesh's economy also faces rising poverty, persistent inflation, stressed banking sector, weak revenue mobilization, and subdued private investment, c ...Read More >
New Delhi, 08 April 2026: DBS Foundation has announced INR 34.40 crore[1] (SGD 4.9 million) in grant funding for its 2025 cohort of grantees, comprising 22 businesses for impact - purpose-driven social enterprises and small and medium-sized enterprises - across its core markets in Asia. The winners include three innovative impact enterprises from India: Ikure Techsoft, Lernern and Kadam Haat Basketry. This marks the 11th edition of DBS Foundation's grant programme, which was launched in 2015 to ...Read More >
New Delhi [India], April 9 (ANI): India's financial sector is likely to see a mixed performance in the fourth quarter of FY26, with stronger deposit growth, improving asset quality, but pressure on margins and profitability, according to a report by PhillipCapital. The report highlighted that deposit growth has emerged as a key positive surprise during the quarter, outpacing credit expansion and easing liquidity pressures in the system. "Banking balance sheets are expected to witness healthy g ...Read More >
New Delhi: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 employe ...Read More >
New Delhi, April 9: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 ...Read More >
The Reserve Bank of India (RBI) is set to bolster bank capital adequacy by allowing the inclusion of quarterly profits in CRAR without strict NPA provisioning conditions. In a move aimed at supporting the capital adequacy of commercial banks, the Reserve Bank of India (RBI) on Wednesday proposed to ease norms for including quarterly profits in the computation of the Capital to Risk-Weighted Assets Ratio (CRAR) and to withdraw the requirement of maintaining an Investment Fluctuation Reserve (IFR ...Read More >
Mumbai: The Indian equity markets opened on a cautious note on Thursday after witnessing a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical tensions, as reports suggested that Israel had attacked Lebanon's Hezbollah, raising fears of a possible disruption in the Strait of Hormuz. Sensex traded 560 points or 0.72 per cent lower at 77,003, hitting an intra-day low in early trade, while Nifty fell as much as 182 points or 0.75 per ...Read More >
New Delhi [India], April 9 (ANI): Joint Managing Director of Apollo Hospitals, Sangita Reddy, on Thursday termed women's reservation in parliament a "historic milestone," highlights a significant shift in India's policy approach: moving from "women's development" (treating women as passive recipients of aid) to "women-led development" (positioning women as active leaders and drivers of economic and social progress). Her remarks underscore the expected impact of the Nari Shakti Vandan Adhiniyam ...Read More >
ATMs, UPI (mobile payments), Internet & mobile banking, Debit card transactions will remain operational. Customers can use these services for basic transactions even when branches are shut. New Delhi: Assam is all set to vote on April 9 for 126 constituencies. As per the election commission, polling will begin at 7 am across thousands of booths, backed by extensive security deployment, webcasting, and logistical arrangements to ensure smooth conduct, as campaigning gave way to quiet last-mile m ...Read More >
Mumbai, April 8: Equity benchmark indices Sensex and Nifty surged nearly 4 per cent on Wednesday, following an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The RBI decision to keep the policy repo rate unchanged, heavy buying across all sectors and a strengthening rupee against the US dollar also improved investor sentiment, traders said. Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 point ...Read More >
PMMY was built on a revolutionary idea that the Indian state could trust its most marginalised citizens with credit, when the formal banking system hesitated Financial inclusion has been at the forefront of the agenda of the Narendra Modi government. In the last decade, India witnessed a silent transformation where millions of ordinary citizens stepped into entrepreneurship with newfound confidence and agency. At its heart lies an initiative launched on April 8, 2016, by the prime minister, the ...Read More >
New Delhi: Finance minister Nirmala Sitharaman said on Wednesday that the Pradhan Mantri Mudra Yojana (PMMY) has been instrumental in reshaping the credit landscape for micro, small and medium enterprises (MSMEs) and countless individual entrepreneurs in the country. So far, more than 577.9 million loans have been sanctioned under the scheme, launched in April 2015, amounting to disbursements of ₹40.07 lakh crore, with two-thirds of the loans sanctioned to women entrepreneurs. Also Read: PMMY ...Read More >
Mumbai, April 8 (MExN): Bank of Baroda has launched 'bob SAMVAD', an AI-powered multilingual conversational platform aimed at transforming in-branch customer interactions and enhancing inclusive banking services. The platform was formally launched by M Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance, in Mumbai on March 28. Described as an industry-first initiative, bob SAMVAD enables real-time, low-latency, two-way communication across 22 languages, allowing cu ...Read More >
New Delhi, April 8 (SocialNews.XYZ) India's ambitious National Quantum Mission has achieved a major breakthrough, building a 1,000-kilometre secure quantum communication network in less than three years of its launch, Union Minister of State Dr. Jitendra Singh said on Wednesday. Launched in October 2024, the mission had set a target of developing a 2,000-km quantum communication network over eight years. Achieving half that distance in under three years is being seen as a major leap, signallin ...Read More >
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