Market News
Stay updated with the latest market trends, earnings, and economic indicators.
ECB to hike rates as Mideast war pushes up inflation
The European Central Bank is poised to raise interest rates for the first time in two and a half years, driven by escalating inflation fueled by the Iran war's energy shock. Despite concerns about slowing growth, the ECB aims to reassure markets by tackling rising consumer prices, which have surpassed its target.
Stocks in news: Adani Enterprises, Adani Energy, Hindustan Zinc, Maruti Suzuki, IDFC First Bank
Volatile trade likely as weak global cues keep sentiment cautious; analysts favour a sell-on-rise strategy until Nifty reclaims 23,700. Stocks in focus today include Adani Enterprises, Adani Energy, Hindustan Zinc, Maruti Suzuki, and IDFC First Bank amid company-specific developments.
CBI Conducts Searches In Rs 661 Crore IDFC First Bank-AU Finance Bank Fraud Case
The agency alleged that the public servants received undue advantages for facilitating the transactions.
CBI conducts searches in Rs 661 crore IDFC First Bank-AU Finance Bank fraud case
CBI conducted searches at six locations in Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud. The probe involves siphoning of government funds from Haryana and Chandigarh administrations, with allegations of collusion between public servants and bank officials. Incriminating documents and digital devices were seized during the operations.
KPMG forensic review says IDFC First Bank Chandigarh fraud an isolated incident
The KPMG forensic review found collusion among IDFC First Bank's branch staff, customer representatives and third parties, while confirming the ₹646 crore loss previously disclosed by the lender.
Bank Holiday Today: Are SBI, HDFC, ICICI, Others Open Or Closed On Saturday, June 6? Check Here
Banks across India will remain open today, June 6, 2026 as it is the first Saturday of the month.
Chandigarh 'Fraud' Case: IDFC First Bank Says Forensic Review Confirms Rs 646-Crore Exposure
The lender said it has already paid the affected government departments the principal amount along with applicable interest and recognised the impact in its books during the fourth quarter of fiscal year 2026.
IDFC First Bank fraud was isolated case involving collusion: KPMG
A forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident. The fraud involved collusion between bank employees, government officials, and third parties. The bank has paid back the principal amount and interest. IDFC First Bank has implemented new controls to prevent future collusion risks at the branch level.
RBI governor says no plans to ease net open position restrictions
Replying to a question by reporters, Malhotra said no proposal is presently before the central bank to discontinue the measures first announced at the end of March.
India Launches UPI payments in Cambodia through NPCI-ACLEDA bank partnership
National Payments Corporation of India has officially partnered with ACLEDA Bank to launch Unified Payments Interface (UPI) acceptance in Cambodia. The Ministry of Finance said that the first phase enables millions of Indian travellers to make seamless QR payments at over 4.5 million Cambodian merchants, with a two-way corridor to follow. It said that the in the subsequent phase, the corridor will become fully bi-directional. Cambodian citizens visiting India will soon be able to use their domestic banking and digital payment applications to scan millions of UPI QR codes throughout India. The Ministry said that UPI is accepted in eight countries including Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar and Sri Lanka. Reserve Bank of India (RBI) has been actively pursuing interlinking of Unified Payments Interface (UPI) with fast payment systems of other jurisdictions to promote cross-border payments. These initiatives are aligned with the G20 Roadmap for .
Annapurna Bhandar Scheme Goes Live In West Bengal: Who Will Get Rs 3,000? Eligibility, Steps To Apply
As part of the scheme, the government has begun transferring Rs 3,000 per month directly into the bank accounts of 28.25 lakh beneficiaries in the first phase.
HDFC Bank, Canara Bank to PNB: These Bank Nifty majors remain in red even as index rebounds 1%; SBI, IDFC First lead - Mint
HDFC Bank, Canara Bank to PNB: These Bank Nifty majors remain in red even as index rebounds 1%; SBI, IDFC First leadMint