Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Investors rush into Central Bank share sale, govt decides to sell more shares
The government said Central Bank of India’s OFS was subscribed 2.35 times on the first day, prompting it to exercise the full greenshoe option.
CBI Charges IDFC First, AU Small Finance Bank Officials In Haryana Funds Misappropriation Case
IDFC First and AU Small Finance Bank officials were chargesheeted by CBI in the Haryana funds scam probe.
CBI files chargesheet against 15 accused in ₹1,000 crore Haryana bank fraud case
CBI files first chargesheet in Haryana multi bank scam, 15 accused including bank officials and public servants over alleged diversion of nearly ₹1,000 crore, all in custody. All the accused have been arrested and are currently in judicial custody.
Haryana govt-IDFC First Bank fraud case: CBI files first chargesheet in alleged Rs 504 cr misappropriation case
The CBI has filed its first chargesheet in a major corruption case. Fifteen individuals, including bank officials and Haryana government employees, are accused of misappropriating Rs 504 crore. The funds were allegedly siphoned off from government accounts through collusion. The investigation is ongoing, with more chargesheets expected soon. This probe has expanded to include IAS officers.
JSW Motors ties up Rs 8,000 crore funding from India’s top bank
JSW Motors, part of Sajjan Jindal's business empire, has secured a significant 80 billion rupee funding line. This financial boost from State Bank of India will fuel the development of a new greenfield manufacturing facility in Maharashtra. The venture aims to establish India's first homegrown new energy passenger vehicle brand in decades.
AU Small Finance Bank collaborates with Intellect to accelerate its AI-first banking transition
AU Small Finance Bank (AU SFB) announced its collaboration with Intellect Design Arena, a global leader in AI-First, enterprise-grade financial technology, adopting its Purple Fabric platform, the world's first Open Business Impact AI platform. Through this collaboration, AU SFB aims to accelerate its journey towards becoming an AI-first bank and build a scalable, technology-led banking franchise powered by enterprise-wide intelligence.
IDFC FIRST Bank Q4 shows deposit slowdown despite system-wide surge
Despite a system-wide rise in bank deposits, IDFC FIRST Bank’s March-quarter earnings showed a sequential slowdown in deposits after the Chandigarh fraud dented depositor confidence.
BPER Banca downgraded to “hold” by Deutsche Bank after strong first quarter result - Investing.com India
BPER Banca downgraded to “hold” by Deutsche Bank after strong first quarter resultInvesting.com India
Assam CM Inaugurates India's 'First AI And Digital-Powered' Bank Branch In Guwahati
Assam CM Himanta Sarma addresses the inauguration of Slice Small Finance Bank, at GS Road, in Guwahati.
IDFC First Bank receives affirmation in credit ratings from ICRA
Further, ICRA has also withdrawn the rating outstanding on the matured non-convertible debentures (NCDs), amounting to Rs 3,883.70 crore, as these have been fully redeemed and no amount is outstanding against the same.
IDFC First Bank case: Haryana govt gives go-ahead to CBI to probe 5 IAS officers' role
The Haryana government has approved a CBI probe into five IAS officers concerning a Rs 590-crore IDFC First Bank fraud. This permission allows the CBI to question the officers. The investigation stems from alleged misappropriation of government funds. Searches have been conducted, and financial records seized. Sixteen individuals have been arrested so far in this significant financial scam.
IDFC First Bank Case: Haryana Government Gives Go-Ahead To CBI To Probe 5 IAS Officers' Role
The CBI conducted searches at multiple locations in Chandigarh and Panchkula on Thursday in connection with the bank-scam case and seized financial records and digital evidence linked to the alleged fraud.