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Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
New Delhi: State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, 2026, under relevant sect ...Read More >
New Delhi, March 31 (SocialNews.XYZ) State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, ...Read More >
New Delhi, Dec 17 (PTI) The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of Indian Overseas Bank (IOB) opened for subscription on Wednesday for non-retail investors at a floor price of Rs 34 per share. "Offer for Sale in Indian Overseas Bank received good response from non-retail investors today. "Against a ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) The government has cleared the appointment of Asheesh Pandey as Managing Director and Chief Executive Officer of Union Bank of India, and Kalyan Kumar as the new head of Central Bank of India. Both appointments are for a period of three years. The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, approved the appointments. Pandey, who is currently serving as Executive Director of Bank of Maharashtra, will take charge as MD and CE ...Read More >
Gurugram - VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Central Bank of India (CBI), one of the nation's largest banks, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions. Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, zero processing charges, exclusive off ...Read More >
Bank of Maharashtra aims to meet the 25% minimum public shareholding. Another share sale will help the bank lower government stake. The finance ministry has asked five public-sector banks to increase public shareholding by August 1, 2026. BoM raised Rupees 3,500 crore through a QIP in October. The bank is evaluating fundraising options. State-owned Bank of Maharashtra is confident of meeting the minimum public shareholding norm of 25 % after one more tranche of fundraising in the current fiscal ...Read More >
Mumbai: State-run Bank of Maharashtra aims to raise at least ₹2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm. "We will work it out, because as per the current prices, to comply with the Sebi norms, even at the current price, around ₹2,000 crore should suffice," managing director and chief executive office ...Read More >
Hyderabad: Actor Vijay Deverakonda is all set to return to the silver screen in a never-seen-before avatar with Kingdom, an action drama film that focuses on the themes of betrayal, vengeance, and redemption. The upcoming film is scheduled to release across India on July 31, and its Hindi version has officially been titled Saamrajya. Directed by Gowtam Tinnanuri, best known for the National Award-winning Jersey, Kingdom/Saamrajya features Deverakonda in a rugged and physically intense role. The ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Central Bank of India on Saturday reported a 33 per cent year-on-year (YoY) growth in net profit, reaching Rs 1,169 crore for the first quarter of FY26, the bank said in an exchange filing on Saturday. In the same period last year (Q1 FY25), the public sector lender had posted a net profit of Rs 880 crore. Total income in the quarter ended on June 30 rose to Rs 10,374 crore, up from Rs 9,500 crore in Q1 FY25. Of this, interest income improved to Rs 8,589 crore, ...Read More >
New Delhi, Jul 19 (PTI) State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of Indi ...Read More >
Baramulla, Jul 5: Hundreds of mourners from Delina and its neighbouring villages Saturday participated in the Muharram procession, the 9th day of the month of Muharram-Ul-Haram at Delina area of north Kashmir's Baramulla district. The procession was one of the series of processions being held in the month of Muharram, the first month of Islamic calendar. Dressed in black and carrying flags bearing religious inscriptions, participants from the villages of Hygam, Bulgam, Bohripora, Syedpora, Uri ...Read More >
VIJAYAWADA: Chief Minister Nara Chandrababu Naidu has directed officials to install statues of freedom fighter Alluri Sitarama Raju and Amarajeevi Potti Sriramulu in Amaravati to honour their contributions and inspire future generations. He emphasised that eco-parks being developed across the capital region should be named meaningfully and reflect the heritage and values of the state. At the same time, he underscored the importance of maintaining financial prudence and avoiding unnecessary extr ...Read More >
Mumbai, July 3 (SocialNews.XYZ) The Indian stock markets ended lower on Thursday after a day of cautious trading, as late selling pressure erased earlier gains. Investors remained watchful amid hopes of a possible trade agreement between the US and India. The Sensex touched an intra-day high of 83,850 in early trade but eventually closed 170.22 points or 0.2 per cent lower at 83,239.7. Similarly, the Nifty also slipped by 48.1 points or 0.19 per cent, settling at 25,405.3 by the end of the sess ...Read More >
New Delhi - Generali today announces Central Bank of India (CBI) as its new joint venture (JV) partner in the country. CBI is one of the oldest public sector Indian banks, established in 1911, with a market capitalisation of ₹461 billion (€5.1 billion) and a distribution network of over 4,500 branches serving more than 80 million customers. The partnership with CBI will enhance Generali's market presence, strengthening its brand positioning and distribution capabilities in both Life and P&C. J ...Read More >
MUMBAI: In an important development, a special PMLA (Prevention of Money Laundering Act) court on June 25 allowed restoration of assets ₹952 crore attached by the Enforcement Directorate (ED) in a money laundering case against Infrastructure Leasing & Financial Services Ltd (IL&FS), its group companies, and associated entities. The property - Surat-based plant of Vadraj Cement Limited - would be restored to Nuvoco Vistas Corporation Ltd, which has taken over the defunct company through a resolut ...Read More >
New Delhi, Jun 27 (PTI) Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products, Financial Services Secretary M Nagaraju said on Friday. Insurance, which is a sensitive financial product, should be explained thoroughly to customers before onboarding them, he said at an event to announce strategic partnerships between Central Bank of India and Generali Group of Italy. Often, a particular pr ...Read More >
New Delhi, Jun 27 (PTI) Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products, Financial Services Secretary M Nagaraju said on Friday. Insurance, which is a sensitive financial product, should be explained thoroughly to customers before onboarding them, he said at an event to announce strategic partnerships between Central Bank of India and Generali Group of Italy. Also Read | Bodoland L ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Aff ...Read More >
New Delhi, Jun 8 (PTI) Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to develop solutions for global Banking, Financial Services, and Insurance (BFSI) clients. The facility, designed to accommodate over 1,000 employees working in a hybrid model, was inaugurated by Gujarat Chief Minister Bhupendrabhai Patel. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 08, 2025 Declared, Check Winning Numbers and Result Ch ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that m ...Read More >
New Delhi, Jun 8 (PTI) India's second richest person Gautam Adani received a total remuneration of Rs 10.41 crore in the fiscal year ended March 31, 2025, lower than most industry peers and his own key executives. Adani, 62, drew salaries from two out of the nine listed companies in his ports-to-energy conglomerate, the latest annual reports of the listed entities of the group showed. His total remuneration was 12 per cent more than the Rs 9.26 crore he had earned in the previous 2023-24 financ ...Read More >
New Delhi, Jun 7 (PTI) Prime Minister Narendra Modi on Saturday stressed the need for decisive international action against terrorism and those supporting it in a meeting with UK Foreign Secretary David Lammy, who expressed support for India's fight against cross-border terrorism. The Prime Minister's Office said Lammy strongly condemned the Pahalgam terror attack. Also Read | Central Bank of India Apprentice Recruitment 2025: Apply for 4500 Posts at centralbankofindia.co.in; Check Eligibility ...Read More >
New Delhi, Jun 7 (PTI) The coordination committee of all the district courts' bar associations in Delhi passed a resolution on Saturday, withdrawing the lawyers' protest scheduled for Monday in connection with the shifting of the digital Negotiable Instruments (NI) Act courts to Rouse Avenue. "A meeting of the coordination committee was held with the Chief Justice of the Delhi High Court, wherein it was assured that all digital courts will function strictly as digital platforms only. All remain ...Read More >
Mumbai, Jun 7 (PTI) A delegation of Indian Olympic Association, Central and Gujarat state government met Commonwealth Sport officials in London to have a better understanding of the process and the framework relating to securing hosting rights of the 2030 Commonwealth Games in Ahmedabad. The delegation included IOA chief PT Usha and officials from the Union Sports Ministry as well as the Gujarat state government. They met the Commonwealth Sport officials over two days in London. While the prop ...Read More >
Bengaluru, Jun 7 (PTI) The one-man inquiry commission constituted by the Karnataka government under retired High Court judge John Michael Cunha to inquire into the June 4 stampede that killed 11 people, has been asked to identify the persons responsible for the omissions or deficiencies that led to this incident. As per the terms of reference to the commission from the government, it has also suggested precautionary measures that can be taken to prevent recurrence of such incidents in the futur ...Read More >
Jaipur, Jun 7 (PTI) Congress national general secretary Sachin Pilot met former chief minister Ashok Gehlot here on Saturday and invited him to a programme on the 25th death anniversary of his father and former Union minister Rajesh Pilot. Gehlot shared the video of their meeting on X and recalled his long association with Rajesh Pilot. Also Read | Central Bank of India Apprentice Recruitment 2025: Apply for 4500 Posts at centralbankofindia.co.in; Check Eligibility, Exam Details and Applicatio ...Read More >
Bhopal (Madhya Pradesh): All India Institute Medical Sciences, Bhopal, Director Dr Ajai Singh spoke to Free Press on problems and facilities at AIIMS. People feel that AIIMS doors remain closed for them in case of emergency. Earlier, there was infrastructure and manpower for 960 beds. Increased number of beds to 1400 with same infrastructure and manpower. So, there is acute shortage of manpower and facilities specially to accommodate more patients in case of emergency. We have sent the proposa ...Read More >
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