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rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI issues directions on Internal Ombudsman rules for banks, NBFCs

The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.

Dec 30, 2023

January is normally a poor month for market

As 2023 draws to a close, the most significant feature of the year's rally is the sharp outperformance of the broader market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Dec 29, 2023

Future Too Fragile? More than 4.25 lakh techies lost jobs in last 2 yrs or 24 workers per hour

As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid the global meltdown and started layoffs only in the first month of the New Year).

Dec 26, 2023

Ho Ho Ho! Mumbai Traffic Police's Merry X'Mas greetings wow citizens

In a continuation of its traditions, the much-feared Mumbai Traffic Police's witty 'Merry X'Mas' greetings for a safe festival endeared it to the citizenry on Monday.

Dec 25, 2023

Palestinians inspect the remains of a building that was destroyed during Israeli airstrikes on Gaza City, on May 5, 2019

What's Ben Gurion Canal Project? Theories abound on Gaza's vast gas resources

As Israel continues to bomb ambulances, children's hospitals and aid centers, its motives have sprung far out of people's consciousness and onto public sphere

Dec 23, 2023

Cong jolted as Maha MLA Sunil Kedar gets 5-yr jail in Nagpur bank scam

A Nagpur court on Friday sentenced senior Congress MLA Sunil Kedar and five others to five years rigorous imprisonment after finding them guilty in the Nagpur District Central Cooperative Bank (NDCCB) scam of around Rs 150 crore.

Dec 22, 2023

LS Security Breach: Delhi Police move HC against trial court order to give FIR copy to Neelam Azad

Delhi Police on Friday moved the Delhi High Court challenging a trial court's order directing it to supply a copy of the FIR to one accused, Neelam Azad, in the December 13 Parliament security breach case.

Dec 22, 2023

Serial charity scam funnels funds to single account; genuine pleas lose donations [details]

Eroding the credibility off crowdfunding platforms and appeals, another incident has come to light entailing multiple social media pages, multiple names but one account number.

Dec 21, 2023

Rohingyas, Bangladeshi manage domicile certificates, illegally living in sensitive districts of J&K [details]

After getting information that a large number of foreign nationals are staying illegally in the mountainous districts of Jammu province, police launched a massive crackdown in different parts of J&K.

Dec 19, 2023

Online loan crackdown: FM Nirmala Sitharaman says 2,500 apps removed by Google from Playstore

Several borrowers claim that these fraudulent apps have a notorious history of charging unethical interest rates, and they even used to threaten borrowers to pay exorbitantly high interest rates

Dec 18, 2023

FIIs make U-turn, become big buyers of Rs 20K Cr worth stocks in 2 weeks

During the last two weeks while the Nifty is up by 6 per cent, Bank Nifty is up by 7.4 per cent and Nifty IT is up by around 11 per cent

Dec 18, 2023

SBI hikes interest rate on loans

The State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.

Dec 15, 2023

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

Inflation in India at 5.6 per cent for November is higher than most other nations, the Bank of Baroda said in a report.

Dec 14, 2023

Markets: Sensex zooms past 70k after US Fed's dovish message, leaving interest rates unchanged

Triggering a massive rally by the US Fed message, BSE Sensex is up 847 points at 70,431 points on Thursday