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Fake job offers and phishing scams are on the rise on LinkedIn and half of the businesses (56 per cent) globally experienced at least one LinkedIn scam this year, a report has shown.   A fake job offer is the most popular scam (48 per cent) and a damaged reputation (48 per cent) was...

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JioCinema, the official digital streaming partner of IPL (Indian Premier League) 2023, has broken the world record for the most concurrent views to a live-streamed event on Monday as over 3.2 crore viewers witnessed the finale of this year IPL, featuring Chennai Super Kings versus Gujarat...

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Moneylife Digital Team 30 May 2023
A case of fraudulent withdrawal of money from a bank account warrants a proper investigation under the Indian Penal Code (IPC), the national consumer disputes redressal commission (NCDRC) says while advising a customer of State Bank of India (SBI) to approach it once the first information...

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The National Spot Exchange Limited (NSEL) on Tuesday said the Maharashtra protection of interest of depositors (MPID) court has directed the economic offences wing (EOW) of Mumbai police to probe the involvement of former Forward Markets Commission (FMC) chairman Ramesh Abhishek in the...

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The number of counterfeit currency notes of Rs500 denomination detected by the banking system, rose by 14.6% to 91,110 pieces in FY22-23 compared to last year, according to the Reserve Bank of India's (RBI's) annual report released on Tuesday.   At the same time, the number of...

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Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward, but resilient domestic macroeconomic and financial conditions, expected dividends from past reforms and new growth opportunities from global geo-economic...

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Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year.   "Relentless strengthening of the US dollar and aggressive tightening of monetary policy by the US...

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Arun Kumar (The Leaflet) 30 May 2023
It is the process of black income generation that needs to be taken out, not high-denomination currency notes.   —   The Reserve Bank of India’s (RBI) announcement of withdrawal from circulation of the Rs2,000 currency notes has caused much incredulity. Tamil Nadu Chief...

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Moneylife Digital Team 30 May 2023
Route Mobile Ltd (RML) declared its results for Q4FY22-23 on 19 May 2023. Its revenue increased 61% year-on-year (y-o-y) and 2% quarter-on-quarter (q-o-q). RML’s strong revenue growth was contributed by organic business growth and also by inorganic acquisitions. RML’s volumes declined q-o-q,...

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Moneylife Digital Team 30 May 2023
Tube Investments of India Limited (TII) posted its highest-ever consolidated revenue in FY22-23, up 19% year-on–year (y-o-y), at Rs14,965 crore. It is a Murugappa group company, one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining,...

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Moneylife Digital Team 30 May 2023
Mold-Tek Packaging Ltd (MTPL) announced its Q4FY22-23 results on 3 May 2023. We had discussed MTPL’s business here.   In Q4FY22-23, MTPL’s sales grew 4% year-on-year (y-o-y) and 19% quarter-on-quarter (q-o-q). Its operating profit increased 12% y-o-y and 25% q-o-q and its net profit...

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Moneylife Digital Team 30 May 2023
Markets regulator Securities and Exchange Board of India (SEBI) slapped a fine of Rs15 lakh on Alchemist Infra Realty Ltd's former director Balvir Singh for illegally mobilising funds from the public through a collective investment scheme (CIS). Mr Singh has already been restricted from...

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Moneylife Digital Team 30 May 2023
The Reserve Bank of India (RBI) has imposed Rs1 lakh penalty on Ichalkaranji, Maharashtra-based Kohinoor Sahakari Bank Ltd, for non-compliance with certain rules related to investments by primary (urban) cooperative banks.   RBI had conducted a statutory inspection for supervisory...

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Out of 1,001 analysed candidates in the recent Karnataka polls, 345 (34%) candidates belonging to eight parties, including the BJP, the Congress, the AAP, and the JD-S, have declared criminal cases against themselves, a Karnataka Election Watch and Association for Democratic Reforms (ADR)...

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Indian researchers have uncovered a sophisticated malware campaign known as DogeRAT (Remote Access Trojan), which is being carried out through the distribution of fake Android apps designed to look like legitimate apps, a new report showed on Tuesday.   According to contextual AI...

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The suspicious death case of an RTI activist in Davanagere district has been handed over to the Criminal Investigation Department (CID) following a complaint by the family members. The department has also suspended a police sub-inspector and a constable in this regard.   The...

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Sponsored Post 30 May 2023
Selecting the correct Income Tax Return (ITR) form ensures a smooth and error-free filing. For appropriate reporting and tax compliance, choose the form that matches your revenue sources, financial activity, and category since ITR filing is mandatory for Indian taxpayers.   Choosing...

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The Central Bureau of Investigation (CBI) has registered a case against British aerospace company, Rolls Royce India Pvt Ltd, along with its director Tim Jones, and private individuals Sudhir Choudhrie and Bhanu Choudhrie, along with unidentified public servants and private...

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Every seven minutes, a customer in the UK falls victim to an online shopping scam originating in one of the two Meta-owned platforms, costing consumers more than 5,00,000 pound per week, a new report has shown.   Research from the UK-based Lloyds Banking Group estimated that over...

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Moneylife Digital Team 29 May 2023
Reserve Bank of India (RBI) imposed a penalty of Rs84.50 lakh on Central Bank of India for non-compliance with certain provisions of norms related to fraud classification and reporting.   RBI had conducted a statutory inspection for supervisory evaluation of Central Bank with...

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