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TVK leader Aadhav Arjuna on Saturday alleged that the DMK and BJP were behind an upcoming film that he claimed was aimed at insulting party chief Vijay TVK leader Aadhav Arjuna on Saturday alleged that the DMK and BJP were behind an upcoming film that he claimed was aimed at insulting party chief Vijay, warning that such a movie "will not last even a day" in theatres. Speaking to reporters, Arjuna said attempts to degrade their leader through cinema were part of a political ploy and questioned ...Read More >
CHENNAI: Discrepancies have surfaced in two separate election affidavits submitted by actor and TVK founder Vijay, potentially inviting legal and political scrutiny ahead of the assembly elections. The contrasting documents, prepared for the Perambur and Tiruchirappalli East constituencies, reveal contradictory declarations regarding his pending criminal cases and designated election bank accounts. The affidavit prepared for the Perambur Assembly constituency, which was notarised in Chennai on ...Read More >
Chennai, Apr 3 (PTI) Discrepancies have surfaced in two separate election affidavits submitted by actor and TVK founder Vijay, potentially inviting legal and political scrutiny ahead of the assembly elections. The contrasting documents, prepared for the Perambur and Tiruchirappalli East constituencies, reveal contradictory declarations regarding his pending criminal cases and designated election bank accounts. The affidavit prepared for the Perambur Assembly constituency, which was notarised i ...Read More >
The TVK leader also owns four vehicles, including a sports cycle worth Rs 63,332. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Aadhav Arjuna declared assets worth Rs 197.52 crore in his election affidavit * He filed nomination papers for Villivakkam Assembly seat on TVK ticket * Arjuna's moveable assets total Rs 180.03 crore, wife's assets Rs 162.14 crore Did our AI summary help? Let us know. Switch To Beeps Mode Chennai: Aadhav Arjuna, the actor-politician Vijay led TVK ...Read More >
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, 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 >
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI's monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks -- Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank -- currently offer home loans at 7.35%. Borrowers at this rate will see their interest rate decline to 7.1%, which is also the deposit rate offered by some private banks. On a Rs 1 crore home loan for 15 years, a 0. ...Read More >
CHENNAI: Arunachalam Vellayan (72), former Chairman of the Murugappa Group and Chairman Emeritus of Coromandel International, passed away on Monday after a prolonged illness, the ₹902-billion Murugappa Group said in an official statement.A fourth-generation member of the Murugappa family and great-grandson of Dewan Bahadur Murugappa Chettiar -- founder of the 125-year-old conglomerate -- Vellayan is survived by his wife Lalitha Vellayan, sons Arun Vellayan and Narayanan Vellayan, and his grandc ...Read More >
CHENNAI: The Murugappa Group announced the passing of Arunachalam Vellayan (1953-2025), chairman emeritus of Coromandel International and former chairman of the Murugappa Group, earlier today after a prolonged illness. He is survived by his wife Lalitha Vellayan, his sons Arun Vellayan, Narayanan Vellayan and grandchildren. Vellayan dedicated several decades to the Group, providing strategic direction across its diversified businesses. His vision, integrity and long-term approach to value crea ...Read More >
CHENNAI: Indian Overseas Bank (IOB) on Thursday posted a 57.8% rise in net profit at Rs 1,226 crore in the quarter ended Sept 30, 2025, against Rs 777 crore in the corresponding quarter last year. It was driven by growth in interest income and lower provisions. With the reduction in repo rate impacting the yield on advances, the public sector lender has witnessed a decline in repo-linked portfolio, while the marginal cost of funds based lending rate (MCLR) has increased.The net interest income ( ...Read More >
CHENNAI: Indian Overseas Bank (IOB) reported a 58% rise in net profit by Rs 449 crore to Rs 1226 crore in Q2 FY2026 compared to Rs 777 crore in the same period last year, recording its all-time highest profit. This is mainly driven by higher net interest income, which increased by 20.59% to Rs 3059 crore, and improved recovery of assets. The bank's operating profit stood at Rs 2400 crore as of September 30, increasing by Rs 272 crore against Rs 2128 crore on the same date last year. "Net profi ...Read More >
New Delhi, Oct 16 (PTI) Public sector lender Indian Overseas Bank (IOB) on Thursday reported a 58 per cent jump in net profit at Rs 1,226 crore for the second quarter ended September 30 of the current fiscal. The bank had a net profit of Rs 777 crore in the September quarter of the 2024-25 fiscal. Interest income rose to Rs 5,856 crore during the September quarter of FY'26, from Rs 5,055 crore in the year-ago period. Gross non-performing assets (NPA) improved to 1.83 per cent during the July- ...Read More >
Mumbai (Maharashtra) [India], October 16 (ANI): The Indian share market opened on a positive note on Thursday, supported by optimism over a possible India-US trade deal expected in November. However, experts cautioned that the markets are currently in an overbought zone and may witness some correction in the near term. The Nifty 50 index opened at 25,394.90, gaining 71.35 points or 0.28 per cent, while the BSE Sensex started the day at 82,794.79, up by 189.36 points or 0.23 per cent. Market s ...Read More >
The Reserve Bank of India has appointed Sonali Sen Gupta as its new Executive Director, effective October 9, 2025. With over three decades of experience at the central bank, Sen Gupta will now lead crucial departments including Consumer Education and Protection, and Financial Inclusion. The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED), with effect from October 9, 2025. The announcement was made through an official press release by the RBI. Earli ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Bankers on Wednesday welcomed the Reserve Bank of India's (RBI) decision to maintain the repo rate at 5.5 per cent with a neutral stance, saying the move reflects a balanced approach in supporting growth and ensuring price stability. A neutral stance requires neither stimulation nor curbs on liquidity as it strikes a fine balance between controlling inflation without hurting growth. According to Binod Kumar, MD and CEO of Indian Bank, the RBI MPC's stable poli ...Read More >
Gujarat - On the occasion of Hindi Diwas, and All India Official Language Conference, Indian Overseas Bank was awarded the prestigious Rajbhasha Kirti Puraskar First Prize in the Official Language Implementation category for the year 2024-2025. This is the third consecutive year that the bank has been recognised for this award in the category of public sector banks. The award ceremony took place at the Mahatma Mandir Convention and Exhibition Center, Gandhinagar, Gujarat, Union Home Minister an ...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 >
The Central Bureau of Investigation (CBI) on Tuesday (August 12, 2025) conducted searches at six locations in Tamil Nadu including Tenkasi, Chennai, and Tiruchirapalli in connection with a case registered at CBI, BSFB (Bank Security & Fraud Branch), Bengaluru on the directions of the Madras High Court. The case was registered on the basis of a complaint from Indian Overseas Bank, Chennai, alleging that a Kancheepuram-based company, along with its associated entities and unknown public servants, ...Read More >
Hyderabad: North Telangana districts bore the brunt of heavy rains that disrupted normal life in many parts of the state on Wednesday. People in the northern districts were subject to harrowing times to reach their destinations due to the extensive damage to roads that was made worse by breaches across culverts and bridges on overflowing canals and water bodies. Meanwhile, flights were diverted at Shamshabad airport due to the heavy downpour in Greater Hyderabad limits. Hyderabad-bound flights ...Read More >
CHENNAI: PGP Group of Companies chairman, Palani G Periasamy, on Wednesday, addressed the media and clarified about the Central Bureau of Investigation (CBI) searches at his company's head office in Nungambakkam on Tuesday. CBI officials conducted searches at several locations in Tamil Nadu on Tuesday in connection with a Rs 120 crore bank fraud case against Kancheepuram-based Padmaadevi Sugars Limited, in which searches were also conducted at the head office of the PGP group of companies. The ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 75.6% rise in net profit in the quarter ended June 30, 2025 at Rs 1,111 crore against Rs 633 crore during the corresponding quarter last year. It was on the back of growth in interest income YoY by 13% at Rs 7,386 crore in Q1 FY26 and other income. The Chennai-headquartered bank will raise Rs 4,000 crore likely by Q3 of the current fiscal. It has also received approval from its board for raising Rs 10,000 crore through infras ...Read More >
Chennai, Jul 18 (PTI) Public sector Indian Overseas Bank has drawn up plans to raise Rs 4,000 crore during this financial year through various instruments, including Qualified Institutional Placement (QIP), a top official said on Friday. With the proposed plan to fund raise, the Government of India's shareholding in the Chennai-headquartered bank is expected to come down to 90 per cent from the current 94 per cent, the bank's Managing Director and CEO Ajay Kumar Srivastava said here. "Last yea ...Read More >
Mumbai, July 18 (SocialNews.XYZ) Indian Overseas Bank (IOB) on Friday reported a strong 75.6 per cent year-on-year (YoY) growth in its net profit for the June quarter (Q1 FY26), reaching Rs 1,111.04 crore. This is a sharp increase compared to Rs 632.81 crore profit the bank earned in the same quarter previous year (Q1 FY25), according to its stock exchange. The bank's total income for the quarter rose 17 per cent to Rs 8,866.47 crore, which includes Rs 1,480.92 crore earned as other income. N ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The Indian stock market opened flat on Friday as weak investor sentiment continued due to sustained selling by Foreign Portfolio Investors (FPIs) and a subdued earnings season in the IT sector. The Nifty 50 index opened at 25,108.55, witnessing a marginal dip of 2.90 points or 0.01 per cent. Meanwhile, the BSE Sensex began the session at 82,193.62, declining by 65.62 points or 0.08 per cent. Experts attributed the weak market opening to the ongoing ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wan ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The Indian stock market opened flat on Friday as weak investor sentiment continued due to sustained selling by Foreign Portfolio Investors (FPIs) and a subdued earnings season in the IT sector. The Nifty 50 index opened at 25,108.55, witnessing a marginal dip of 2.90 points or 0.01 per cent. Meanwhile, the BSE Sensex began the session at 82,193.62, declining by 65.62 points or 0.08 per cent. Also Read | Priyanka Chopra Jonas Birthday: She Continues ...Read More >
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