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NEW DELHI: The Central Bureau of Investigation (CBI) has registered a yet another case against industrialist Anil Ambani of Reliance Communications Ltd and others based on allegations of causing wrongful loss of Rs 3750 crores to Life Insurance Corporation of India Ltd, the agency said. The FIR names Reliance Communications, Ambani, the then non-executive chairman and unknown public servants, accusing them of criminal conspiracy, cheating, and criminal breach of trust. Ambani is facing multiple ...Read More >
Mumbai: The Central Bureau of Investigation (CBI) has registered a case on Wednesday against M/s. Reliance Communications Ltd, Anil Ambani, unknown public servants and unknown others on allegations of causing wrongful loss of Rs 3750 crores to Life Insurance Corporation (LIC) of India. Case Filed on Complaint from LIC Regional Manager According to the CBI, the case has been registered on the basis of a complaint received from M.K. Tejan, regional manager, LIC of India Ltd. for offences of crim ...Read More >
New Delhi, Apr 1 (PTI) The Opposition in the Rajya Sabha criticised the government on Wednesday for frequent amendments to the Insolvency & Bankruptcy Code, significant haircuts, alleged favouritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, alongside increasing backlogs before the tribunal. The Rajya Sabha was debating the Insolvency and Bankruptcy Code (Amendment) Bill, 2026. The bill has proposed 12 amendments to the Insolvency & Bankruptcy Code (IBC), ...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 >
PRNewswire Bangalore (Karnataka) [India], April 1: CARD91 announced the launch of VerifyIQ, an AI-powered verification intelligence platform designed to help banks, NBFCs, and insurance/reinsurance companies make faster, more accurate, and policy-aligned onboarding decisions. Built with an AI-first approach, VerifyIQ brings together multi-source data aggregation, AI and machine learning-led data processing with confidence scoring, and configurable decision workflows in a single operating layer ...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, Apr 1 (PTI) The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said. The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they s ...Read More >
Bangalore (Karnataka) [India], April 1: CARD91 announced the launch of VerifyIQ, an AI-powered verification intelligence platform designed to help banks, NBFCs, and insurance/reinsurance companies make faster, more accurate, and policy-aligned onboarding decisions. Built with an AI-first approach, VerifyIQ brings together multi-source data aggregation, AI and machine learning-led data processing with confidence scoring, and configurable decision workflows in a single operating layer for verifica ...Read More >
Mumbai: Central Bureau of Investigation has registered a case on 1st April, 2026 against M/s. Reliance Communications Ltd, Shri Anil Dhirajlal Ambani, Unknown Public Servants and Unknown others on allegations of causing wrongful loss of Rs. 3750 crores to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint dated received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation and offences under preventio ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): National Stock Exchange of India (NSE) on Wednesday announced a collaboration with Indian Gas Exchange Limited (IGX) to introduce exchange-traded derivatives based on natural gas traded and delivered on the IGX platform. The initiative aims to strengthen India's domestic natural gas market by providing efficient risk management tools to market participants. Also Read | Patna Shocker: Woman Drugged With Sedative-Laced Drink and Gang-Raped on Pretext ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): National Stock Exchange of India (NSE) on Wednesday announced a collaboration with Indian Gas Exchange Limited (IGX) to introduce exchange-traded derivatives based on natural gas traded and delivered on the IGX platform. The initiative aims to strengthen India's domestic natural gas market by providing efficient risk management tools to market participants. As part of the collaboration, NSE will launch Indian natural gas derivative contracts based o ...Read More >
In a response to the persistent geopolitical uncertainties and supply chain disruptions in West Asia, the Reserve Bank of India (RBI) on Tuesday announced the continuation and expansion of key relief measures aimed at supporting exporters struggling to meet payment realisation deadlines. The central bank said it has been receiving multiple representations from stakeholders highlighting difficulties in adhering to prescribed timelines for the realisation of export proceeds. These challenges are ...Read More >
Perfios.ai, a B2B SaaS TechFin company serving financial institutions globally, today announced the launch of the Perfios DPDP Suite, a unified platform designed to help enterprises operationalize consent and comply with India's Digital Personal Data Protection (DPDP) Act, 2023. The DPDP Suite brings together data discovery, consent governance, data principal rights management, and compliance reporting into a single, integrated platform. Purpose-built for India's regulatory environment, it enab ...Read More >
Chennai: Aadhav Arjuna, the actor-politician Vijay led TVK's general secretary - election campaign management, has declared moveable and immovable assets worth Rs 197.52 crore, the affidavit filed by him with his nomination papers for the April 23 Assembly polls said. Arjuna is contesting in the Villivakkam Assembly constituency in Chennai on the TVK ticket, and he filed his nomination papers on Monday. As per his affidavit, he has declared moveable assets valued at Rs 180.03 crore in his name, ...Read More >
Tamilnadu / Hyderabad, March 30: Tamilaga Vettri Kazhagam chief and actor Vijay has declared assets worth about Rs 520 crore in his election affidavit. Here To Join Us On WhatsApp This marks his first public asset declaration after entering politics. The affidavit has drawn national attention. Vijay recently launched his party Tamilaga Vettri Kazhagam and began his political journey. Therefore, his financial disclosures have become a major talking point. According to the affidavit, Vijay ho ...Read More >
The Bombay High Court has affirmed the Prevention of Money Laundering Act's (PMLA) supremacy over debt recovery laws like SARFAESI and RDB Acts in cases involving the attachment of 'proceeds of crime', clarifying the legal landscape for financial institutions and individuals. Key PointsThe Bombay High Court has ruled that the PMLA has an overriding effect over debt recovery laws like SARFAESI and RDB Acts concerning the attachment of 'proceeds of crime'.The ruling clarifies that debt recovery l ...Read More >
New Delhi, Mar 30 (PTI) The income tax department on Monday said "banking company" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS on interest income beyond the prescribed threshold. Under the Income Tax law, the tax is to be deducted at source if the interest income from bank/post office deposits exceeds Rs 50,000 for ordinary citizens, or Rs 1 lakh for senior citizens, in a financial year. In a post on X, the income tax department said under Section 402 of the ...Read More >
From April 1, 2026, RBI new rules for digital payments will change how Indians make online transactions. If you use UPI, cards or wallets, expect extra security checks. The Reserve Bank of India is making two-factor authentication mandatory, which means OTP alone will no longer be enough. Many users are searching for RBI digital payment rules April 1, what changes in UPI payments, and how this affects daily transactions. While the process may feel slightly longer, the goal is simple, make digit ...Read More >
New Delhi, March 11 (SocialNews.XYZ) India undertook an "ambitious financial‑technology transformation in modern history," to become "one of the world's most advanced digital payment ecosystems" creating a model for developing economies, a report has said. India's model shows how "government policy, technological innovation and widespread mobile connectivity can combine to create efficient payment infrastructure," the report from Azerbaijan-based News.az said. India's digital payment revolutio ...Read More >
New Delhi, Feb 16 (PTI) In-Solutions Global Ltd (ISG) on Monday announced that it has received regulatory authorisation from the Reserve Bank of India (RBI) across all three Payment Aggregator categories - online, physical or offline and cross-border. The approval was granted under the latest RBI Master Directions for 2025-26. With these approvals, ISG joins a select group of non-bank ecosystem players enabled to support merchant payments across domestic and international channels through a un ...Read More >
MUMBAI: The Telecom Regulatory Authority of India (Trai) has asked all insurance companies to adopt special 1600-series telephone numbers by February 15, to help protect consumers from fraud calls. All entities regulated by the Insurance Regulatory and Development Authority of India must use the designated numbering series for customer service and transaction-related calls, Trai said in a direction issued on Tuesday. The deadline was set in consultation with the insurance regulator. The 1600 s ...Read More >
MUMBAI: The Telecom Regulatory Authority of India (Trai) has asked all insurance companies to adopt special 1600-series telephone numbers by February 15, to help protect consumers from fraud calls. All entities regulated by the Insurance Regulatory and Development Authority of India must use the designated numbering series for customer service and transaction-related calls, Trai said in a direction issued on Tuesday. The deadline was set in consultation with the insurance regulator. The 1600 s ...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: State Bank of India (SBI) is known for making significant decisions frequently. Now, SBI has launched YONO 2.0, a major upgrade to its digital platform. This new version includes both mobile and internet banking facilities, providing relief to customers. The new YONO app will also offer easy KYC and re-KYC facilities. This will eliminate the need for repeated verification for products and services. YONO stands for "You Only Need One," meaning you can easily make changes to your KYC a ...Read More >
Kolkata, Dec 17 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday asserted that the state has emerged as the commercial capital of eastern and northeastern India, driven by strong MSME-led growth and its strategic geographic location. Addressing a programme of the Confederation of West Bengal Traders Association here, Banerjee rejected what she termed "ignorant" allegations that the state's debt has mounted to nearly Rs 7 lakh crore. She, however, did not reveal the exact amount th ...Read More >
New Delhi, Dec 17 (PTI) Pension regulator PFRDA has revamped the exit and withdrawal rules, allowing non-government subscribers of National Pension System (NPS) to withdraw up to 80 per cent of the fund accumulated at the time of exit. The withdrawal limit earlier was up to 60 per cent of the accumulated pension wealth, and the remaining was expected to be utilised for buying an annuity, providing for a monthly or any other periodical pension. Besides, the regulator has also raised the exit ag ...Read More >
New Delhi, Dec 17 (PTI) Japanese investment bank Mizuho Securities on Wednesday said it is acquiring over 60 per cent stake in Avendus Capital from US-based investment firm KKR. Mizuho Securities, an arm of Mizuho Financial Group, aims to further strengthen its business foundation in India's rapidly developing and maturing capital markets. In a statement, Mizuho Securities said it has entered into an "agreement with the majority shareholder of Avendus Capital Private Limited to acquire over 60 ...Read More >
Kochi, Dec 16 (PTI) The Kerala High Court on Tuesday stayed for three months, any proceedings pursuant to the show cause notice issued to the KIIFB by the ED in connection with the Masala Bonds issue. The matter pertains to the use of the funds generated through Masala Bonds for acquisition of land for infrastructure projects. While issuing the interim order, Justice V G Arun observed that according to the RBI's External Commercial Borrowings (ECB) framework, which came into effect from Januar ...Read More >
New Delhi, Nov 20 (PTI) State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects. Units of public InvITs are listed and traded on stock exchanges such as the National St ...Read More >
Mumbai (Maharashtra) [India], October 28 (ANI): The Reserve Bank of India (RBI), on behalf of the Government of India, has announced the sale (re-issue) of four dated Government Securities for a total notified amount of Rs 32,000 crore.The auction is scheduled to be held on October 31, 2025 (Friday), while the settlement will take place on November 3, 2025 (Monday).According to the official statement by the RBI, the auction will include four Government Securities with varying maturities and coup ...Read More >
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