Despite recent currency weakness driven by geopolitical tensions and oil prices, ING economists see a potential turnaround driven by increased foreign deposits and bond inflows, possibly reversing India’s balance-of-payments deficit. ING economists Deepali Bhargava and Lynn Song said the Indian…
Finance Minister Nirmala Sitharaman defends proposed changes to Merchant Discount Rate, emphasising that the fee targets large merchants, not end-users, as opposition raises concerns over potential for increased costs. Finance Minister Nirmala Sitharaman has moved to counter opposition claims that…
Fraudsters in the online dating scene are adopting more sophisticated methods, including fake verification services and AI-generated profiles, making scams harder to spot and increasing risks for users worldwide. The modern dating scam no longer looks like the obvious con…
Experts advise scrutinising recent expenses and setting realistic repayment plans to recover from overspending during the summer, avoiding drastic measures like draining retirement savings or taking on excessive debt. An expensive summer weekend can leave more than a dent in…
A Mumbai-based firm, Apar Industries Limited, reportedly lost Rs 2.30 crore after cybercriminals impersonated company directors on Microsoft Teams, highlighting a growing trend of sophisticated corporate scams across India. A Mumbai company has lost Rs 2.30 crore after cyber fraudsters…
The Delhi High Court has issued a notice to New India Assurance Company in a family’s petition demanding Rs 85.6 lakh for the wrongful denial of an insurance claim linked to pilot Captain Sumit Kamal Kapur’s death in the Baramati…
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…
