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May 23, 2025 8:29 PM

RBI Fines Union Bank ₹63.6 Lakh, Lendbox ₹40 Lakh for Regulatory Violations

The Reserve Bank of India (RBI) has levied fines on Union Bank of India and Transactree Technologies Pvt Ltd for breaching regulatory norms. Union Bank was fined 63.60 lakh rupees for failing to transfer eligible funds to the Depositor Education and Awareness Fund and collecting collateral on small ...

May 22, 2025 6:01 PM

US markets close sharply lower

US stocks closed sharply lower on Wednesday as Treasury yields soared on concerns that the country's federal debt would swell if Congress passed President Donald Trump's proposed tax-cut bill. The Dow Jones Industrial Average shed 1.91 percent, S&P 500 lost 1.61 percent, and Nasdaq Composite d...

May 22, 2025 4:58 PM

Sensex down by 645 pts, Nifty dips 204 pts at close

  The benchmark domestic equity indices today slipped into negative territory, weighed down by weak global cues. The 30-share index at the Bombay Stock Exchange, Sensex, dropped 645 points, or 0.79 percent to close at 80,952. The National Stock Exchange Nifty-50 dipped 204 points, or 0.82 percent ...

May 21, 2025 8:55 PM

FRI to detect financial fraud on mobiles

Department of Telecommunications (DoT) has introduced Financial Fraud Risk Indicator (FRI), a multi- dimensional analytical tool to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobi...

May 21, 2025 6:03 PM

Eight core industries record 0.5% growth in April 2025

The combined Index of Eight Core Industries (ICI) expanded by 0.5 per cent in April this year compared to the same period a year ago, according to a government release on Tuesday. The index measures the production of eight core industries and constitutes about two-fifths of the country’s industr...

May 19, 2025 5:34 PM

GeM emerges as largest procurement platform globally 

  Government e-Marketplace (GeM) has emerged as one of the World's largest and most efficient public e-procurement platforms, setting new benchmarks in accessibility and affordability. The Chief Executive Officer of GeM, Mihir Kumar said this while addressing a press conference in New Delhi on the...

May 18, 2025 7:31 PM

Foreign Investors Pour ₹18,600 Cr into Indian Stocks in May

Foreign investors pumped in over 18,000 crore rupees into the Indian equities market so far in May on global positive cues and improving domestic conditions. According to the depository's data, the Foreign Portfolio Investors, or FPIs, invested 18,620 crore rupees into the equities market but pulled...

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