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MUMBAI: Sebi on Friday unveiled reforms easing minimum dilution norms for IPO-bound companies, and creating a single-window system for low-risk foreign investors like sovereign wealth funds, central banks, and retail funds, eliminating repeated paperwork.The relaxation comes amid rising foreign outflows, driven by steep US tariffs, weak earnings and rich valuations. Overseas investors have withdrawn $11.7 billion from Indian stocks and debt in 2025.It also tightened governance at stock exchanges ...Read More >
Mumbai, Sep 12 (PTI) The Sebi board on Friday decided to make it easier for low risk foreign investors to participate in the Indian securities market with the introduction of a single window access, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. The new framework -- Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI) -- would provide easier investment access to low risk foreign investors, enable ...Read More >
Pune (Maharashtra) [India], August 20: In India, the period from August to November is considered auspicious because of the various festivals celebrated during this time, including Ganesh Chaturthi and Diwali. These festivals are believed to bring happiness and prosperity. This positive sentiment makes the festive season the ideal time to invest in properties. Prospective homebuyers can also benefit from festive offers, such as special interest rates and slashed processing fees. To this end, Baj ...Read More >
VMPL Pune (Maharashtra) [India], August 20: In India, the period from August to November is considered auspicious because of the various festivals celebrated during this time, including Ganesh Chaturthi and Diwali. These festivals are believed to bring happiness and prosperity. This positive sentiment makes the festive season the ideal time to invest in properties. Prospective homebuyers can also benefit from festive offers, such as special interest rates and slashed processing fees. To this en ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
VMPL Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. During the Prime Loan Festival, individuals can unlock the true potential of their gold ornaments by pledging them as security ...Read More >
Mumbai, August 13, 2025 -- Motilal Oswal Mutual Fund has unveiled a special Independence Day campaign that honours India's spirited pursuit of freedom while drawing a parallel to the increasingly important journey towards self-reliance and financial independence. The film captures a warm exchange between a retired brigadier grandfather and his 20-something grandson. As they reminisce over their family legacy of freedom fighters and soldiers, the conversation shifts to the challenges of the pres ...Read More >
New Delhi: Delhi govt has prepared a plan under which Delhi Transport Corporation (DTC) bus drivers and conductors will receive regular training, with a focus on ethical values, customer service and safe driving, transport minister Pankaj Singh said on Friday. The move is for improving the public image of DTC buses.The minister mentioned that DTC bus drivers who fail to halt at designated stops or are found speeding will face strict departmental action.Several commuters have complained about the ...Read More >
Chandigarh: The UT cyber cell busted a major online fraud racket, arresting 10 persons from Meerut, Ludhiana, and Amritsar for duping an elderly woman of Rs 1 crore. However, they managed to freeze only Rs 36 lakh of the defrauded amount, which will be returned to the victim after court proceedings.The accused used SIM boxes - telecom devices sourced from China - to convert VoIP calls into local mobile calls, masking their international origin. These operations were remotely controlled by handle ...Read More >
NEW DELHI: Vodafone Idea on Thursday said it is now providing commercial fifth-generation (5G) services in 17 cities nationwide. 'With the latest additions, Vi 5G now spans 17 cities across key circles including Mumbai, Maharashtra, Delhi, Karnataka, Punjab, Bihar, Rajasthan, Haryana, Gujarat and Kerala,' Vi said in a statement. India's third-largest telco recently launched 5G in several cities, including Ahmedabad, Rajkot, Surat, Vadodara, Chhatrapati Sambhajinagar, Nashik, Kozhikode and Mala ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Polytrade, a major real-world asset (RWA) player in the crypto space, has raised over $6 million in a private strategic round. The new funds will fuel the company's mission to build infrastructure for tokenized real estate and enhance its tech offerings for the financial world. The raise was supported by top players in the real estate and fintech ecosystems, aligning capital with ...Read More >
Chennai, Jul 12 (PTI) Public sector Indian Overseas Bank must have a Vision for 2047 aligning with India's growth aspirations, M Nagaraju, Secretary, Department of Financial Services, Union Ministry of Finance, said. He urged the city-headquartered bank to continue serving the evolving needs of its customers with 'innovation and integrity.' Launching some of the key banking services at an event on Friday evening in the presence of the bank's Managing Director and CEO Ajay Kumar Srivastava, Naga ...Read More >
New Delhi, July 11, 2025: India's Unique Identification Authority (UIDAI) is implementing significantly stricter verification processes for New Aadhaar Rules 2025 enrolments, aiming explicitly to ensure only Indian citizens receive the identity number. This move marks a substantial shift in the enrolment protocol for the world's largest biometric ID system. Also Read: Telangana Shake-Up: BJP MLA Raja Singh's Resignation Accepted by High Command The cornerstone of the new policy involves deploy ...Read More >
New Delhi: The Enforcement Directorate conducted search operations on July 8 and 9 at four premises in Gurugram and Jind, Haryana related to Probo Media Technologies Pvt Ltd and its promotors namely, Sachin Subhaschandra Gupta & Ashish Garg under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in connection with the company's alleged illegal gambling/ betting activities across India. Probo Media Technologies Pvt Ltd operates the app & website "Probo', which provides platform f ...Read More >
New Delhi, July 9 (SocialNews.XYZ) The Enforcement Directorate (ED) has cracked down on Probo Media Technologies Pvt. Ltd., the operator of the popular online gaming app and website "Probo", over alleged illegal gambling and money laundering activities. Raids were carried out on July 8 and 9 at four locations in Gurugram and Jind, Haryana, targeting the company and its promoters, Sachin Subhaschandra Gupta and Ashish Garg, under the Prevention of Money Laundering Act (PMLA), 2002. The probe wa ...Read More >
New Delhi, Jul 9 (PTI) Fixed deposits and shares worth more than Rs 284 crore of a Haryana-based company have been frozen under the anti-money laundering law in a case linked to alleged duping of people through illegal online gambling and betting activities, the Enforcement Directorate said on Wednesday. The federal agency in a statement said it conducted searches for two days starting Tuesday at four premises in Gurugram and Jind in Haryana of the firm named Probo Media Technologies Pvt. Ltd. ...Read More >
Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
New Delhi [India], July 8 (ANI): The Finance Ministry on Tuesday stated that the Department of Financial Services has not asked banks to close inactive PM Jan Dhan Yojana accounts. The Finance Ministry stated in a release that DFS has launched a nationwide three-month campaign, starting from July 1, to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campa ...Read More >
New Delhi, Jul 8: The Department of Financial Services (DFS) has clarified that it has not directed banks to close inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, countering recent media reports suggesting otherwise. DFS has launched a nationwide three-month campaign from July 1 to promote greater use of Jan Dhan accounts and other welfare schemes such as Jeevan Jyoti Bima Yojana and Atal Pension Yojana. As part of the campaign, banks will also update Know Your Customer (KYC) details ...Read More >
New Delhi [India], July 8 (ANI): The Finance Ministry on Tuesday stated that the Department of Financial Services has not asked banks to close inactive PM Jan Dhan Yojana accounts. The Finance Ministry stated in a release that DFS has launched a nationwide three-month campaign, starting from July 1, to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campa ...Read More >
New Delhi: Delhi Police has arrested three cyber fraudsters from Jamtara, Jharkhand, for duping a man of Rs 10 lakh under the guise of updating his credit card's KYC details.The accused have been identified as Aftab Ansari (27), Mujaffar Jilani (27) and Mohammad Iqbal Raza (24), all residents of Jamtara.According to police, the victim, a 49-year-old resident of Palam in southwest Delhi, received a phone call from one of the scammers, who falsely claimed to be a bank representative. On April 5, t ...Read More >
New Delhi, Jun 30 (PTI) To make the KYC process easier, markets regulator Sebi on Monday said that registered intermediaries are allowed to use 'e-KYC Setu System' of National Payments Corporation of India (NPCI) to perform digital KYC. Registered intermediaries can use this facility to perform digital KYC, as an additional alternate mechanism available to them to carry out Aadhaar-based e-KYC of their clients. Under the present framework, registered intermediaries use e-KYC services of Unique ...Read More >
Chennai/New Delhi, June 27 (UNI) The CBI conducted nation-wide raids at 42 locations in five states and arrested nine people in connection with Mule Bank Accounts being used in Cyber frauds. In continuation of its on-going efforts to combat Cyber Crime and Digital Arrest Scams, the CBI acting on specific information and after verification launched coordinated searches at 42 locations across five States--Rajasthan, Delhi, Haryana, Uttarakhand and Uttar Pradesh--as part of the Operation Chakra ...Read More >
Lucknow, June 27 (UNI): Aiming to take financial inclusion to the grassroots, the Uttar Pradesh government is set to launch a special saturation campaign across all gram panchayats in the state. Scheduled to run from July 1 to September 30, the initiative aims to ensure last-mile delivery of key financial services to eligible citizens. Launched under the directives of the Centre's Department of Financial Services, Ministry of Finance, , the campaign will focus on extending the benefits of flags ...Read More >
The Central Bureau of Investigation has uncovered a massive cyber fraud operation. It involves 8.5 lakh mule accounts across India. These accounts are used to launder money from digital scams. The CBI conducted raids and arrested nine suspects. These include middlemen and bank officials. The investigation revealed lapses in KYC norms.The CBI has detected 8.50 lakh mule bank accounts in over 700 branches nationwide which are being used by cyber criminals to launder proceeds from scams involving d ...Read More >
Digha/Kolkata: Why were those speaking Bengali "being tortured across the country every day", CM Mamata Banerjee said on Thursday. Speaking in Digha, where she has gone to attend the first Rath Yatra of the newly inaugurated Jagannath temple, the CM spoke of Bengali-speaking migrant workers being detained at two places in Odisha.Asking Odisha "not to be jealous", Banerjee said while she respected the Puri Jagannath temple, she expected the same respect for the Digha Jagannath temple."I learnt th ...Read More >
New Delhi: The CBI said on Thursday that it detected around 8.5 lakh mule bank accounts across over 700 branches of different banks, which were being used by cyber scammers. The agency filed an FIR and conducted raids at 42 locations in Delhi, UP, and Rajasthan in connection with the use of these mule accounts in cyber frauds.Nine individuals, including three Delhi residents named Lovkesh Shakya, Savan Kumar, and Vishal, were arrested. Farman Beg and Purushottam from Uttarakhand, Shubham Kamboj ...Read More >
Jaipur: Banks in Rajasthan and many other states are under scrutiny following a Central Bureau of Investigation (CBI) operation targeting mule bank accounts used to facilitate cyber fraud. As part of Operation Chakra-V, CBI carried out coordinated raids Thursday across 42 locations in five states -- Rajasthan, Delhi, Haryana, Uttarakhand, and Uttar Pradesh -- to dismantle a network of cybercriminals who exploited bank accounts for digital scams, investment fraud, UPI-based frauds, and impersonat ...Read More >
India might ease fuel rules for small cars. Maruti Suzuki requested this change because small car sales are down. The government is worried about the drop in affordable car sales. Relaxing the rules could help Maruti, which sells many small cars. Other car companies are discussing this proposal. New rules may start in April 2027. ...Read More >
New Delhi, Jun 26 (PTI) The CBI has detected 8.50 lakh mule bank accounts in over 700 branches nationwide which are being used by cyber criminals to launder proceeds from scams involving digital theft, impersonation, fraudulent investments, and UPI-based frauds, an enquiry by the agency has found. The central agency's crackdown on these mule accounts, opened using fake IDs for the limited use of siphoning victims' money, came through a coordinated search operation recently at 42 locations in Ra ...Read More >
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