Banking And Finance
IDFC First Bank fraud was isolated case involving collusion: KPMG
Kolkata: A forensic review on showed that the Rs 646-crore fraud on the bank’s Chandigarh branch was an isolated incident arising from collusion involving bank employees, state governments officials and…
Despite earning ₹2.2 lakh monthly, Mumbai couple struggles to save. Reddit explains why
A resident has ignited a discussion on after claiming that he and his partner struggle to save money despite earning a combined monthly income of ₹2.2 lakh. In a post…
ITR filing 2026: Received dividend income or bonus shares? Here’s how they are taxed and reported
Many investors receive benefits from their stock holdings in the form of dividend income or bonus shares. While these may seem like attractive rewards, they come with certain tax implications…
RBI fines Canara Bank for violations related to KYC, inactive accounts
Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 41.8 lakh on for non-compliance with certain provisions, including those related to Know Your Customer norms.…
Market
Gold, silver rates today: Comex gold tumbles $136/oz; silver sinks $5 as strong US jobs report boosts rate hike bets
Precious metals came under renewed selling pressure on Friday, 5 June, after a stronger-than-expected US jobs report reinforced expectations that the US Federal Reserve could keep interest rates higher for…
Maize farmers likely to shift to cotton, soybean, paddy, ragi
India’s overall kharif (monsoon season) acreage is expected to remain resilient amid predictions of a deficient monsoon. However, yields will depend on three factors — spatial and temporal distribution of…
Hexagon Nutrition IPO: Issue received healthy response on Day 01, booked 1.65 times; GMP signals solid listing
Hexagon Nutrition IPO in focus: The initial public offering of Hexagon Nutrition witnessed healthy demand from both retail and non-institutional investors on the first day of bidding on June 5.…
RBI eases investment norms to deepen foreign participation in equity, debt markets
The Reserve Bank of India (RBI) on Friday unveiled a set of measures aimed at attracting greater foreign participation in India’s equity and debt markets, including higher investment limits for…
Market
Mahindra says ‘dealing with volatility’ is now core to EV business playbook
Mahindra & Mahindra said “dealing with volatility” is now central to its EV business strategy as the company navigates geopolitical uncertainty, semiconductor-linked disruptions and continued dependence on imported EV components…
UP Power Corp receives approval to source power from Bhutan’s hydro project: Details
Uttar Pradesh Power Corporation has received UPERC approval to source electricity from the 511-MW hydro project of Khorluchu Hydro Power in Bhutan, as the state looks to strengthen its regional…
Tata Steel UK begins assessment after Port Talbot fire, says Hot Strip Mill restart to begin next week
Tata Steel UK on Friday (local time) shared an update regarding the incident at the Pickle Line on 3 June, stating that work is now underway to carry out a…
boAt enters personal grooming category with trimmers
Audio and wearables brand boAt, has expanded its lifestyle-tech portfolio by entering the personal grooming category. The brand has launched the boAt Slazer Series marking its entry into a new…
Axis
