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ED Seizes Assets Worth Over ₹45 Cr In Mumbai & Chennai Raids Linked To Alleged ₹129 Cr Money Laundering Case

The Enforcement Directorate (ED) recently conducted a search operation in Mumbai and Chennai, resulting in the seizure of cash, bank balances, shares, and movable property collectively valued at over Rs. 45 crore. In addition to these assets, high-end apartments in Mumbai and Chennai, as well as other properties allegedly acquired through the proce...

2023-12-04T17:56:07Z

El Salvador's Bitcoin investments surge: Bukele confirms profit amid cryptocurrency rally

Bukele, who recently stepped down from the presidency to focus on his campaign, disclosed that the country's Bitcoin investments have witnessed an upswing of 2.84 per cent, translating to a profit of $3.6 million.

2023-12-05T04:52:06Z

M&M Financial November Biz Update: Business Assets At ₹96,600 Crore, Disbursals At ₹5,300 Crore

In a monthly business update, Mahindra & Mahindra Financial Services told exchanges it estimated that its overall disbursement in November was approximately Rs 5,300 crore, 16 percent higher than the year-ago period.The disbursements for April-November 2023 were at about Rs 36,000 crore. The collection efficiency in November was at 94 percent against 96 percent in the same month of the previous year. Abhishek Kothari with the details. #m&mfinancial #novemberbusinessupdates #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQSUBSCRIBE to our Channel: https://bit.ly/3nvEcxf--------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹CNBC TV18 Digital Podcast: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCUcGVQvYyDQ6VVHoo3ZDKJ🔹CNBC TV18 Market Cafe: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDANftdnJchuL-WPpSv5rmH🔹CNBC TV18 Digital: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDLhtM8FzErPcjmJRQ4I5cZ🔹CNBC TV18 Weekend Special: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBHEa5NnoKuUsX5GwxEGuri🔹CNBC TV18 Next-Gen: https://www.youtube.com/playlist?list=PLjq9mRS1PfGA6roe9q3J9fq_gBIDjX2w7🔹Overdrive Show: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCnSVjfbWfNCJLrv-CqfGmH🔹CNBC TV18 Newsreels: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCmABWWQRX4NqGLCtScwqex🔹Young Turks: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBZaN1e38X2ZmevnU1e1NJs🔹Startup Streets: https://www.youtube.com/playlist?list=PLjq9mRS1PfGD3CzrtMr_VJRbIly6sfyFI------------------------------------------------------------------------------------You can also connect with CNBC-TV18 News OnlineCatch the latest news: https://bit.ly/2YbpXBMFollow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/Like us on Facebook: https://www.facebook.com/cnbctv18india/Follow us on Twitter: https://twitter.com/CNBCTV18NewsFollow us on Instagram: https://www.instagram.com/cnbctv18india/Catch us on: Linkedin: https://in.linkedin.com/company/cnbc-tv18n18oc_businessAbout CNBC-TV18:

2023-12-05T10:41:36Z

Banks Will Open Five Days In A Week? Check What Banking Association Has Demanded

Since 2015, Indian banks have observed public holidays on the second and fourth Saturday of every month, leading to a two-day weekend.

2023-12-05T14:56:51Z

M&M Financial Services down even though November disbursements pick up

Mahindra & Mahindra Financial Services says its overall disbursement in November was approximately Rs 5,300 crore, 16 percent higher than the year-ago period

2023-12-05T05:09:09Z

Public Sector Banks Get Restitution Worth Rs 15,183 Crore After ED Confiscated Assets Under Money Laundering Act: Nirmala Sitharaman

The Enforcement Directorate (ED) confiscated assets worth Rs 15,186.64 crore under the money laundering law and nearly all these assets have been restituted to public sector banks, Finance Minister Nirmala Sitharaman said in Rajya Sabha on Tuesday. While answering the supplementary questions, the Finance Minster noted that specific actions have been taken against the defaulters via various legal provisions and this has resulted in huge amounts...

2023-12-05T12:13:08Z

Bank of Baroda launches BOB Parivar Account: Know benefits, scheme details and more

Bank of Baroda has launched the BOB Parivar Account for Savings and Current Accounts, along with a wide array of benefits.

2023-12-06T07:40:45Z

Vantage | Why it's time for colonisers like UK to pay up trillions of dollars they looted

Making amends for mistakes is a universal practice, often initiated with a sincere apology. However, when historical mistakes involve the loss of millions of lives, the impoverishment of entire populations and the exploitation of entire continents, a mere apology seems insufficient. This is the sentiment resonating from former colonies towards Euro...

2023-12-08T08:50:32Z

Gautam Adani becomes 16th richest globally as Adani Group stocks rally; wealth tops $70 billion

Indian businessman Gautam Adani has climbed to the 16th position on the Bloomberg Billionaires Index, with a net worth of $70.2 billion. Adani's wealth increased by 30% in just a week, adding over $4.41 billion.

2023-12-05T08:21:26Z

Climate Change | Hundreds Of Millions Of Dollars Pledged To Tackle Climate | N18V | News18

Climate Change | Hundreds Of Millions Of Dollars Pledged To Tackle Climate | N18V | News18The summit began this week with global delegates formally adopting a damage fund that was decades in the making. In what represented an early success, several countries pledged millions of dollars to help nations hit hardest by the climate crisis. The UAE pledged $100 million, as did Germany. #news18 #cnnnews18 #cop28 #climatechange

2023-12-04T17:04:12Z

Moneycontrol LIVE: RBI Governor Shaktikanta Das | Announcement On Key Interest Rate | MPC Decision

The Reserve Bank of India’s Monetary Policy Committee is widely expected to keep the repo rate unchanged at its review meeting ending on December 8, but is likely to adopt a cautious stance regarding rising threats of food inflation and excess liquidity in the system. While the market participants are keenly awaiting the RBI’s revised inflation and GDP forecasts, they are also keeping a close watch on any additional measures by the central bank to suck out the excess liquidity. The MPC has kept the repo rate unchanged at 6.5 percent in the past four monetary policy reviews, after raising the rate by 250 basis points since May 2022. Catch Moneycontrol's Nandita Khemka & Stacy Periera for more insights on the announcement today. #live #rbi #mpc #gdp #ratehikes Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom

2023-12-08T06:02:10Z

Money lessons from Charlie Munger

It is not an exaggeration if a section of investors in India are emotional about Munger and Warren Buffett. Munger was a ‘fundamental’ investor. Legendary American investor Warren Buffett’s lifelong business partner, Charlie Munger, passed away recently. You will hear a lot about him over the next few days or weeks. Nithin Kamath of Zerodha wrote on social media highlighting the importance of Munger’s inspirational wisdom in his day-to-day life....

2023-12-04T07:02:50Z

Salary For Bank Employees to Hike by 17% as IBA Signs Pact With Bank Unions: Here’s How Much Pay Will Increase

Salary Hike For Bank Employees: The Indian Banks' Association has signed a 17 per cent annual wage hike agreement with bank unions. The wage revision will be effective from 1.11.2022 for a period of five years.

2023-12-08T04:48:11Z

Have Received Orders Worth ₹16,300 Crore So Far: BEL | CNBC TV18

‘Have received orders worth Rs 16,300 crore so far,’ says Bhanu Prakash Srivastava of BEL Corp Com. Tells Vivek Iyer that they are targetting a turnover of Rs 19,500-20,000 crore in FY24.#bel #belcorp #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQSUBSCRIBE to our Channel: https://bit.ly/3nvEcxf--------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹CNBC TV18 Classic Interviews: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDmfXVg7XEQngsCY9RoS-fv🔹CNBC TV18 Digital: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDCcaVZ_82M9vhLo9lGJYzo🔹CNBC TV18 Weekend Special: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBHEa5NnoKuUsX5GwxEGuri🔹CNBC TV18 Next-Gen: https://www.youtube.com/playlist?list=PLjq9mRS1PfGA6roe9q3J9fq_gBIDjX2w7🔹Overdrive Show: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCnSVjfbWfNCJLrv-CqfGmH🔹CNBC TV18 Newsreels: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCmABWWQRX4NqGLCtScwqex🔹Young Turks: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBZaN1e38X2ZmevnU1e1NJs🔹Startup Streets: https://www.youtube.com/playlist?list=PLjq9mRS1PfGD3CzrtMr_VJRbIly6sfyFI------------------------------------------------------------------------------------You can also connect with CNBC-TV18 News OnlineCatch the latest news: https://bit.ly/2YbpXBMFollow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/Like us on Facebook: https://www.facebook.com/cnbctv18india/Follow us on Twitter: https://twitter.com/CNBCTV18NewsFollow us on Instagram: https://www.instagram.com/cnbctv18india/Catch us on: Linkedin: https://in.linkedin.com/company/cnbc-tv18n18oc_businessAbout CNBC-TV18:

2023-12-05T06:26:19Z

Funds raised through QIP hit a 3-year high of Rs 42,000 crore, 35 companies take the road

In 2023, a total of around Rs 42,000 crore was raised by around 35 firms through QIP, the largest amount raised since 2020

2023-12-08T03:12:18Z

Mumbai: ED Raids Businessman Mansukhlal Gala & His CA's Premises In ₹133 Crore Fraud Case

The Enforcement Directorate (ED) conducted raids at five locations in Mumbai in connection with a fraud of Rs 133 crore. Raids carried out The case was initially registered in 2019 at Bhuvanwada police station, and later, the ED filed an ECIR in the year 2022. The raids were carried out at the premises of businessman Mansukhlal Gala and his CA. Com...

2023-12-06T10:13:07Z

Live: RBI Policy To Dictate Market Moves | MPC May Hold Rates | Zomato, Five-Star Business In Focus

Indian equity market finally entered into consolidation mode and saw profit taking on December 7, after significant upward journey in previous seven straight sessions. Hence, the said consolidation may continue for some more days with major support at 20700-20,500 area, as long as the Nifty50 trades below psychological 21,000 mark, but in case, the index sees sharp upmove above 21,000 mark, then another phase of northward journey may be seen, experts said. On December 7, the BSE Sensex declined 132 points to 69,522, while the Nifty50 fell 37 points to 20,901 and formed bearish candlestick pattern with long lower shadow on the daily scale. The broader markets gained a bit of strength compared to consolidation in the past two days, with the Nifty Midcap 100 and Smallcap 100 indices rising six-tenth of a percent and 0.4 percent respectively on positive breadth. About 1,193 shares advanced against declining 933 shares on the NSE. The volatility index, India VIX also trended lower, snapping three-day upmove and closing 7.76 percent lower at 12.67 levels which provided some support to the market. The MPC will announce its interest rate decision today. This morning global cues are mixed with Wall Street snapping a 3-day losing streak and Asian markets too in the mixed zone after a surprise revision in Japan’s Q3 GDP. The GIFT Nifty, however, trades above the 21,000 mark. Also among stocks in focus today, we put the spotlight on Zomato, Five-Star Business, Concor, IRCON among others. Catch Nandita Khemka in conversation with Latha Venkatesh, Executive Editor, CNBC-TV18 and Raja Venkatraman, Co-founder Neotrader and Trading Influencer.#live #stockmarket #sensex #nifty Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global ec #onomy.PaytmSubscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom

2023-12-08T06:02:09Z

Where to invest Rs 10 lakh? Invest the bulk in equities, says Srikanth Subramanian of Kotak Cherry

Interest rates could soften towards the second half of calendar 2024, but for now, the Reserve Bank of India will continue on pause. If you have Rs 10 lakh to invest today, deploy 60-70 percent in equities, 25-30 percent in debt and the balance 10-15 percent in alternative avenues including gold, says Srikanth Subramanian, CEO, Kotak Cherry.

2023-12-08T03:12:18Z

RBI MPC Meeting Starts Today: Check Key Agendas

The committee's objective is to strike a balance, aiming to achieve the targeted inflation rate while considering the broader goals of economic growth.

2023-12-06T03:57:34Z

Govt seeks Rs 1.29 lk cr extra fund

During the ongoing winter session of the Parliament, the Government of India on Wednesday sought the parliament's approval for an additional spending of Rs 1.29 lakh crore for FY24.

2023-12-06T07:45:11Z

Defi Sensation Retik Finance (RETIK) Is Considered The Best Token For 2024

Overview of Retik Finance (RETIK) Retik Finance is at the forefront of driving a comprehensive decentralised finance ecosystem, effectively bridging the gap between cryptocurrencies and traditional fiat instruments like Visa and Mastercard Debit Cards. Through the displacement of third-party intermediaries with secure Smart Contracts, the platform ...

2023-12-08T06:15:28Z

Masik Shivratri 2023: When Is This Day? Know Things You Need To Do To Seek Blessings From Lord Shiva

Masik Shivratri 2023: Monthly Shivratri in the month of Margashirsha is on December 11, 2023. The significance of this day has doubled due to it falling on a Monday. It is believed that observing the fast of Masik Shivratri and worshiping Lord Shiva on this day can bring happiness, prosperity, and abundance into one's life. Moreover, by performing certain remedies, one can also alleviate the problems caused by ongoing planetary issues in life....

2023-12-07T06:59:44Z

CEO Mark Zuckerberg sells Rs 1,600 crore worth of Meta stock; check details here

Meta CEO Zuckerberg sold shares in November as part of a trading plan. In total, he unloaded almost 590,000 shares over the month, according to SEC filings.

2023-12-05T05:05:39Z

Unable To Find Buyer, Homegrown Fintech Startup ZestMoney To Shut Down Operations

In May this year, the founders of ZestMoney resigned as the fintech startup failed to raise fresh capital. A potential deal to acquire ZestMoney by leading fintech company PhonePe fell through recently.

2023-12-06T15:27:40Z

Adani Green Energy jumps 13% on getting $1.36 billion follow-on funding

The funding will boost the development of the Khavda park, which is poised to become the world’s largest renewable energy site with a generation capacity of 17 GW, the company has said

2023-12-05T05:39:10Z

Daily Leo Horoscope Today, December 6, 2023: Your financial aspect will remain strong!

Leo Horoscope Today for December 6: Your financial aspect will remain strong. Check the full predictions here.

2023-12-05T18:36:09Z

BJP's electoral triumph in 3 states propels markets to record highs, investors gain over Rs 4.97 lakh crore

On Monday, investors witnessed a wealth surge of over Rs 4.97 lakh crore as equity benchmark indices soared over 1 percent, reaching record highs following the BJP's victory in three key Hindi heartland states. The decisive majority secured by the BJP in the state elections of Madhya Pradesh, Rajasthan, and Chhattisgarh bolstered positive investor sentiment. Additionally, robust macroeconomic indicators and continuous foreign fund inflows...

2023-12-04T07:44:43Z

SIM card fraud: Man easily hacks into a company's bank account and steals Rs 18.74 lakh

In a shocking revelation, the Navi Mumbai police have unraveled a complex cyber theft where a cunning individual exploited SIM card fraud to infiltrate a company's bank account, absconding with a substantial Rs 18.74 lakh.

2023-12-07T12:31:02Z

GST evasion case: Thrissur collector issues order attaching properties of High Rich firm

Anil pointed out that when a case of financial mismanagement or tax evasion comes up, freezing the accounts of the particular company is the normal proceedings. THRISSUR : District Collector Krishna Teja on Thursday issued an order freezing the account and attaching properties of Arattupuzha-based High Rich Online Shoppe Pvt Ltd, which is mired in a GST evasion case. Responding to the order, Congress leader Anil Akkara said the move will protect...

2023-12-08T03:00:37Z

SBI Amrit Kalash Deposit Scheme With Upto 7.60% Interest Rate Ending Soon; Check Deadline

SBI Amrit Kalash Deposit Scheme, originally launched on February 15, 2023, with a supposed conclusion on March 31, 2023, the scheme has been granted multiple lifelines to accommodate interested participants.

2023-12-07T07:29:10Z

‘Tax oil cos’ profit, leisure travel to fund climate fight’

Taxes on oil and gas profits could fund climate initiatives, says expert group

2023-12-04T19:45:18Z

Fraudster posing as army officer dupes man of ₹5L, chargesheet filed

The accused, Deepak Kumar of Sanji Morh in Hiranagar tehsil of Kathua district, had taken ₹5 lakh from complainant Darshan Kumar of Mansar in Samba district on the pretext of arranging a job for him in military engineer services

2023-12-06T17:18:03Z

8 smart new year resolutions for boosting your finances

This article discusses the importance of new year financial resolutions in establishing a plan for financial success. It emphasizes the need for careful planning and setting financial goals. It suggests updating goals and regularly monitoring progress. It advises assessing net worth, clearing debts promptly, and revising retirement savings. It highlights the importance of establishing an emergency fund and periodically rebalancing investment...

2023-12-08T04:24:56Z

Paytm to issue fewer personal loans of 600 dollars or less | World Business Watch

India's Paytm will issue fewer personal loans of 600 dollars or less. This annoucement comes weeks after India's Central Bank tightened rules on consumer lending after a surge in demand.

2023-12-07T06:01:20Z

Indian market more sensitive to growth, liquidity than valuation: Rashesh Shah

Edelweiss Group chairman Rashesh Shah also believes that incremental FII inflows will come to India once interest rates in the US start coming down

2023-12-06T07:55:23Z

Forex reserves at $604 billion

India's foreign exchange reserves stood at $604 billion for the week ending December 1, said Reserve Bank of India's Governor Shaktikanta Das during the bi-monthly MPC meet.

2023-12-08T05:12:37Z

UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh: RBI

Mumbai, Dec 8 (PTI) In a major decision, the RBI on Friday announced to raise the UPI payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently and hiked the cap for e-mandates for recurring payments to Rs 1 lakh

2023-12-08T07:46:00Z

Panchkula: 5,000 Canadian dollars, gold stolen from Sector-12 house

Police have launched a probe into the theft of gold jewellery and 5,000 Canadian dollars from a house in Sector 12-A here

2023-12-07T04:18:29Z

Students collect Rs 8 lakh for classmate after she lost her father

In our good news segment, watch this story from Kerala's Vithura where a bunch of students collected 8 lakh rupees for their classmate after she lost her father.

2023-12-05T17:52:42Z

Canara Bank, Bank of Maharashtra plan bond sales to raise Rs 4,500 crore

With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.

2023-12-06T02:15:03Z

Govt seeks nod from Lok Sabha for net additional spending of Rs 58,378 crore this fiscal

The first batch of supplementary demands for grants for 2023-24 fiscal was tabled in the lower house of the parliament by Minister of State for Finance Pankaj Chaudhary.

2023-12-06T08:10:22Z

Five Star Business Finance bulk deal; Rs 2.3 crore shares sold, Matrix Partners likely

According to reports, Matrix Partners India is the likely seller in the Rs 1,704 crore deal.

2023-12-08T04:12:22Z

Sebi bans 2 persons from securities market for 2 yrs for flouting investment advisory rules

New Delhi, Dec 6 (PTI) Capital markets regulator Sebi has barred two individuals from the securities markets for two years and ordered them to return Rs 82

2023-12-06T12:13:07Z

Cash-strapped Pakistan secures $655 million Asian Development Bank package

Days after Finance Minister Shamshad Akhtar deemed Pakistan’s public debt unmanageable, the neighbouring country has already acquired a USD 655 million financing package from the Asian Development Bank, which includes a costly USD 300 million loan at market rates. The ADB approved a financing package for Pakistan under three different loans. These ...

2023-12-07T09:17:12Z

Bank of India QIP sees strong demand, subscribed 4.5 times

Pinebridge Capital Investments, Morgan Stanley Invesment Management, Millennium LLC, Jupiter Asset Management, Moon Capital Management LP and US based trading firm Jane Street Capital are among the large foreign investors who have placed bids, people familiar with the details said.

2023-12-06T06:45:10Z

What Is Gold monetisation scheme?

Gold monetisation scheme: The scheme offers short, medium, and long-term deposit options. Check out the eligibility and how to apply.

2023-12-04T11:34:14Z

Congress MP Moves Notice In LS To Discuss TN Rain, Seeks Rs 5100 Cr From Centre For Relief Efforts

In a significant development, Congress Member of Parliament Manickam Tagore submitted an adjournment motion notice to discuss rain-related issues in Chennai and other regions of Tamil Nadu. Manickam Tagore also specifically called for urgent intervention from the Central Government urging them to take immediate action in releasing a minimum of Rs 5,100 crore. According to ANI, Congress MP Manickam Tagore gives adjournment motion notice to...

2023-12-08T05:15:53Z

TN: SBI Tenkasi branch told to pay Rs 1.42L to school teacher

The bank manager ruled out the possibilities of an unlawful transaction stating that their bank is highly protected. THOOTHUKUDI: Thoothukudi District Consumer Disputes Redressal Commission has ordered a nationalised bank to pay Rs 1.42 lakh to a school teacher, after she filed a complaint alleging inadequate service. Latha, who works as a teacher in Keelapuliyur of Tenkasi district, had raised a complaint with the State Bank of India (SBI),...

2023-12-06T03:30:10Z

EMI will reduce or interest will increase, RBI Governor to announce shortly | Abp News

EMI will reduce or interest will increase, RBI Governor to announce shortly | Abp News

2023-12-08T05:13:33Z

WION Business Wrap | Bitcoin surges past $41,000, Paytm pledges to enlist 10 mn merchants & more

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy.

2023-12-05T08:15:05Z