Vigilance authorities in Odisha have arrested two ex-employees of Mayurbhanj Central Cooperative Bank for allegedly diverting over ₹64 lakh through fictitious accounts, part of a wider crackdown on financial irregularities in the state’s cooperative banking sector. Odisha Vigilance has arrested…
Western Union’s widespread use for cross-border money transfers has become a target for fraudsters, prompting urgent advice on how to minimise losses and understand refund limitations amid increasing scam threats. Western Union has long been used by people sending money…
The Saudi Insurance Authority mandates insurers to comply with new beneficial ownership transparency standards within 30 days, leveraging digital platforms to enhance anti-money laundering efforts and business transparency. Saudi Arabia’s Insurance Authority has told insurers to comply with the Kingdom’s…
Tamil Nadu’s debt burden continues to rise amid a significant fiscal deficit, even as the government implements measures to stabilise revenues and boost collection, highlighting ongoing fiscal challenges. Tamil Nadu’s debt burden will keep rising year by year, the state’s…
Wakefit Innovations posted a 19% increase in net profit for the June quarter, driven by higher sales despite rising costs and taxes, signalling ongoing recovery amidst macroeconomic challenges. Wakefit Innovations reported a 19% rise in net profit for the June…
A Norwegian fund manager is increasing risk by investing heavily in AI-related stocks, signalling a shift amid ongoing debates over the sector’s true value and growth prospects, as investors rebalance their portfolios towards software and platforms over hardware giants like…
Gold prices surged by over 4% to a seven-week high above $4,250, driven by a softer US dollar, lower bond yields, and declining US rate hike expectations, leaving markets at a pivotal point for further movement. Gold surged sharply in…
Apollo Tyres reports a significant jump in net profit to ₹348.87 crore for June quarter, buoyed by strong demand and a low comparison base, despite a recent board shuffle and ongoing economic worries. Apollo Tyres reported a sharp rise in…
Sterlite Technologies reports a significant jump in quarterly revenue, a record order book and a strategic shift towards higher-value data centre and AI-focused solutions, boosting its growth outlook and margin targets for FY27. Sterlite Technologies has drawn fresh attention after…
Hemas Holdings PLC sustains nearly flat revenue in Q1 FY27 despite rising costs, with a focus on margin recovery and strategic business segmentation amid global and local economic pressures. Hemas Holdings PLC held revenue broadly steady in the first quarter…
