How to spot a fake loan app before losing money
Fake loan apps are growing in number, RBI warnings say, often promising instant money and low interest to trap borrowers. The apps mimic legitimate lenders but can steal personal data and demand…
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Official India: RBI, SEBI, and government announcements, decoded into plain English.
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Stone pelting hits Vande Bharat train near Surat
A stone pelting incident was reported on the Mumbai-Ahmedabad Vande Bharat Express near Surat on Wednesday. The attack damaged a window pane of the train, but no passengers were injured. The incident…
KSEB board rejected Rs 40 crore fix for Moozhiyar generator, incurred Rs 1,000 crore loss instead
The Kerala State Electricity Board rejected a six-year-old recommendation to replace the faulty number 4 generator at the Moozhiyar powerhouse with a new unit costing Rs 40 crore, even as the limping…
Crores worth of expired medicines dumped in Mayurbhanj river
Large quantities of expired medicines, including antibiotics, syringes and testing kits worth crores of rupees, have been found dumped into a river near Mayurbhanj District Headquarters Hospital in Odisha. Social activist Sanjeev…
21-year-old woman stabbed to death in her Delhi home, accused at large
A 21-year-old woman was stabbed to death inside her house in Delhi on Tuesday, police said. The accused, known to the victim for some time, fled after the attack and remains at…
Padma awardee Hirbai Lobi who uplifted 700 Siddi women dies at 65
Hirbai Ibrahim Lobi, the Padma Shri awardee who helped more than 700 Siddi women become economically independent, died on January 24 at her home in Jambur village, Gujarat. She was 65. The…
Sebi’s new closing auction creates ETF pricing and retail hurdles
The Securities and Exchange Board of India's new closing auction session (CAS), introduced on 3 August, is creating pricing distortions for exchange-traded funds (ETFs) and seeing low retail participation, brokers and mutual…
TILT impact fund backed by Deep Kalra, Binny Bansal raises ₹250 crore
TILT, an impact investment platform co-founded by Atul Satija and Richa Singh, has launched a ₹250 crore fund to back early-stage startups serving India's low-income communities. The fund will write cheques of…
Tata, L&T, others invest Rs 4,157 crore in semiconductor projects
Four of India's largest conglomerates have invested more than Rs 4,157 crore in semiconductor projects over two financial years. Tata Electronics, Murugappa Group's CG Power, and HCL Group have announced projects worth…
Gift City attracts Indian investors but foreign firms wary of reporting rules
Gift City has seen the number of Global Access Providers climb to 18 by July from a handful a year ago, and 6,044 investors now trade through the India International Exchange. Total…
