financial transactions

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    Currency Supply Update: Rs 10, 20, and 50 Notes in Circulation

    New Delhi, March 10 – The government told Parliament on Tuesday that there is no shortage of lower-denomination currency notes of Rs 10, Rs 20, and Rs 50 in circulation in the country.Minister of State for Finance, Pankaj Chaudhary, in a reply to a question in the Rajya Sabha, said that...
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    IRS Officers Receive Guidance on Balancing Authority and Citizen Trust

    New Delhi, March 10 President Droupadi Murmu said on Tuesday that tax officers must exercise the authority entrusted to them with humility, restraint, and an unwavering commitment to constitutional values.Addressing a group of Indian Revenue Service (Income Tax) officers who had called on the...
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    I-T Department Uncovers Rs 408 Crore in Under-Reported Restaurant Sales

    New Delhi, March 9 The Income Tax Department has detected under-reporting of sales worth Rs 408 crore after it conducted a nationwide survey of restaurants on charges of tax evasion, the CBDT said on Monday.After visiting the premises of restaurants on Sunday, the taxman is now sending emails...
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    Anthem Biosciences Secures Funding Through Multiple Deals

    New Delhi, March 9 Mumbai-based True North divested a 3.6 per cent stake in Anthem Biosciences for Rs 1,261 crore through a transaction in the open market on Monday.Private equity firm True North, through its affiliate Viridity Tone LLP, sold a total of 2,03,13,795 shares, representing a 3.62...
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    Pakistan's Economic Challenges Drive Requests for Saudi Investment

    Islamabad, March 9 According to a report on Monday, Pakistan has approached Saudi Arabia with a series of requests for long-term economic support, including converting existing short-term deposits of USD 5 billion into a 10-year long-term facility, as well as requests to enhance the deferred...
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    EC Warns of Zero Tolerance for Violence in Bengal Elections

    Kolkata, March 9 Several political parties in West Bengal on Monday suggested that the upcoming assembly polls be held in one or two phases, as the Election Commission warned of strict action against any lapse in law and order and asserted zero tolerance towards poll-related violence.The...
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    Pirojsha Godrej Acquires Stake in Real Estate Developer

    New Delhi, March 9 Pirojsha Adi Godrej bought nearly 1.8 per cent stake in real estate developer Arvind SmartSpaces for Rs 40.7 crore from an affiliate of HDFC Capital through a private transaction.Pirojsha Godrej is the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and a...
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    Bengal Election Preparations: Focus on Law Enforcement and Narcotics

    Kolkata, March 9 Chief Election Commissioner Gyanesh Kumar warned on Monday that any lapse in maintaining law and order ahead of the West Bengal Assembly elections would not be tolerated, officials said.Kumar also questioned the absence of a Narcotics Advisory Committee in the state.The...
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    Banks Waive Penalties for Low Savings Account Balances

    New Delhi, March 9 Approximately 72 crore Basic Savings Bank Deposit Accounts (BSBDAs), including those under the PM Jan Dhan scheme, are not subject to any penalties for failing to maintain a minimum balance, Finance Minister Nirmala Sitharaman said on Monday.In a written reply to a question...
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    SBI's Social Loan Supports Gender Equality and Sustainable Development

    New Delhi, March 7 India's leading lender, SBI, announced on Saturday the launch of a USD 500 million syndicated term loan facility, exclusively focused on women empowerment, with a greenshoe option, on the eve of International Women's Day.This syndicated transaction marks a significant...
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    Justice Department Moves to Confiscate Funds from Iranian Network

    Washington, March 7 – The United States has filed civil forfeiture complaints seeking to seize more than $15 million allegedly linked to an illicit Iranian oil distribution network accused of evading American sanctions and using the US financial system to support entities tied to Iran’s...
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    Mutual Fund Investors Gain Control with New Debit Freeze Facility

    New Delhi, March 6 The market regulator, Sebi, introduced a voluntary debit freeze facility for mutual fund investors across dematerialized (demat) and non-dematerialized (non-demat) folios on Friday, aiming to promote their digital security.The facility, which will come into effect from April...
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    Engineering Student Linked to Jaish-e-Mohammed and ISIS

    Mumbai, March 6 The Maharashtra Anti-Terrorism Squad (ATS) has arrested an engineering student from Mumbai for allegedly sharing online propaganda material linked to banned terrorist organizations, an official said.According to the official, two other individuals are also under investigation...
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    Engineering Student Linked to Banned Terror Groups in Mumbai

    Mumbai, March 5 The Maharashtra Anti-Terrorism Squad (ATS) has arrested a student from Mumbai for allegedly sharing online propaganda material linked to banned terrorist organizations, an official said here on Thursday.According to the official, two other individuals are also under...
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    Indonesia Deal: CG Power Shifts Ownership of CPSI

    New Delhi, March 5 CG Power and Industrial Solutions announced on Thursday that it has agreed to sell a 51% equity stake in its Indonesian arm, PT Crompton Prima Switchgear Indonesia (CPSI), to its joint venture partner, PT Prima Layanan Nasional Enjiniring.CPSI was established as a joint...
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    Gupta Challenges 'Clean Chit' Verdict, Raises Key Questions

    New Delhi, February 27 – Delhi Chief Minister Rekha Gupta stated on Friday that former Chief Minister Arvind Kejriwal of the AAP is guilty in the eyes of the city's people, and the reprieve offered to him by the trial court in the liquor policy scam is not the final truth, but merely a part of...
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    Yes Bank Addresses Fraud in Multi-Currency Card Transactions

    New Delhi, February 26 Yes Bank said on Thursday that it has detected unauthorized transactions amounting to USD 280,000 (Rs 2.5 crore) related to its multi-currency prepaid forex cards.The unauthorized transactions were carried out by Yes Bank's Multi-Currency Prepaid Forex Card, which was...
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    UPI Cross-Border Integration: India and Israel Strengthen Financial Partnership

    Tel Aviv, February 26 – India and Israel announced on Thursday that they would deepen their digital and financial partnership by enabling the cross-border use of the Unified Payments Interface (UPI).This will connect UPI with Israel's domestic payment framework, making digital transactions...
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    Telangana Man Among Arrests in Gujarat Cyber Fraud Case

    Rajkot, February 26 Three individuals were arrested in the Rajkot district of Gujarat for their alleged involvement in a cyber fraud scheme worth approximately ₹150 crore, bringing the total number of arrests in the case to nine, a police official said on Thursday.Adiluddin Mohammed, a...
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    Corporate Fraud: Woman and Accountant Linked to Rs 91 Lakh Scheme

    Gurugram, February 25 A former employee of a private company here was arrested for defrauding over Rs 90 lakh by creating a complex web of transactions to create fake invoices using the firm's funds, police said on Wednesday.Working as an operations administrator from 2017, the woman, in...
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