IDFC First Bank says Rs 590 crore fraud due to staff collusion

A has been traced to collusion between certain bank employees and external parties, according to V Vaidyanathan, Managing Director and Chief Executive of IDFC First Bank, reported PTI. Speaking to…

EPFO to refund Rs 1,000 or less in inactive accounts: Who is eligible?

In a move that could benefit lakhs of people, the Labour Ministry has decided to refund small balances lying in inoperative accounts linked to the Employees’ Provident Fund Organisation (EPFO).…

Will AI impact your appraisal this year? Here’s how much you can expect

Corporate India is expected to offer an average salary increase of 9.1% in 2026, suggesting that after the sharp swings seen during and after the pandemic, according to the latest…

Sensex, Nifty end after strong rally, but IT stocks limit gains

Benchmark stock market indices closed strongly as Sensex and Nifty rallied over half a percent on Monday, reacting to the US Supreme Court ruling over Trump’s tariffs. The S&P BSE…

Should India be concerned about the rise in gold and silver prices?

Finance Minister Nirmala Sitharaman and RBI Governor Sanjay Malhotra have said that the recent rise in gold and silver prices is being closely watched, but there is no immediate cause…

Claiming HRA for rent to family? What draft tax rules may change

Many salaried employees pay rent to their parents, relatives or even a spouse and However, under the draft Income-tax Rules, 2026, such arrangements may soon come under closer scrutiny. If…

Gurugram surpasses Mumbai in Rs 10-crore-plus home sales in 2025

In a major shift in India’s property market, Gurugram has overtaken Mumbai to become the country’s biggest market for homes priced at Rs 10 crore and above in 2025. According…

Has RERA lost its bite? What homebuyers need to know

“All states should now think of the people for whom the institution of RERA was created. Except facilitating builders in default, it is not doing anything else. Better to just…

IDFC First Bank hit by Rs 590-crore fraud: What we know so far

A routine account-closure request from a Haryana government department has triggered one of the most serious fraud investigations ever reported by IDFC First Bank. What began as a simple balance…

How a fake ITR refund message led to a Rs 1.5 lakh loss

Waiting for a tax refund is stressful enough. So when a message suddenly appears saying your refund is delayed and needs urgent action, it is easy to panic. Over the…