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Enforcement Directorate (ED) has announced the arrest of the former chairman of a cooperative bank in Pune on charges of money laundering. Amar Sadhuram Mulchandani, who served as the ex-chairman of Seva Vikas Cooperative Bank, was taken into custody on July 1 following an ongoing investigation into a fraud case involving the alleged misappropriation of funds amounting to ₹429 crore.

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Railways is reviewing the fares of some short-distance Vande Bharat trains with low occupancy to make them more viable for people, sources said on Wednesday. Barring a handful of such low occupancy trains, most of the services of this semi-high speed train currently is running with full occupancy, according to official data. Vande Bharat trains like the Indore-Bhopal, the Bhopal-Jabalpur and the Nagpur-Bilaspur express, along with some others are likely to fall in this category, the sources said.

₹5,863 per bbl, having swung between ₹5,795 and ₹5,895 per bbl during the session so far, compared to their previous close of ₹5,850 per bbl. Also Read: Asia refiner expects Saudi Arabia to cut August crude prices -Brent has dropped from $113 per barrel a year ago, sent lower on concerns of sluggish economic growth. However, both Saudi and Russia have been trying to raise oil prices with new output cuts.

Tabrez Ansari lynching case of 2019. Accusing him of trying to steal a motorcycle, a mob beat up Ansari on June 17 of that year. A video showed that the 24-year-old man was purportedly made to chant 'Jai Shri Ram' and 'Jai Hanuman' in the Saraikela Kharsawan district of Jharkhand.

By Natalie Grover

Below, we present some of the largest capitalization companies in Italy, France, Spain, Germany, and the United States. Each of these companies holds a significant position in their respective countries' markets. We will evaluate and determine which one ranks as the best, according to InvestingPro. Let's delve into their profiles:

Insurance giant IAG’s staff raised doubts internally about a discounting algorithm six years before the board heard of the problems that the business was having in pricing premiums, which have since cost it more than $500 million.

₹405 crore. The IPO has already been fully subscribed on the second day itself led by strong demand from retail as well as non-institutional investors.

On Tuesday, Yogi Adityanath, chief minister, Uttar Pradesh, expressed that the state has witnessed significant progress in the field of basic education over the last six years. He highlighted the successful revival of numerous schools that were previously on the brink of closure. In a ceremony held at the Yogiraj Baba Gambhirnath Auditorium, he inaugurated the ‘Sampark Smartshala-Smart Block’ programme. The collaborative effort between the basic education department and the Sampark Foundation aims to enhance educational facilities, according to an official statement.

The India Meteorological Department has issued a red alert for three districts of Kerala on Wednesday. Heavy rains have led to waterlogging, uprooting of trees, and damages to residential and commercial buildings in several parts of the state. The Met department has forecast moderate to extreme rainfall in the state for the next three to five days.

Nifty witnessed some profit booking on Wednesday (July 5) amid weak global cues ahead of the minutes of the Federal Reserve's last policy meeting.  Moreover, concerns over the global economic slowdown hit the risk appetite of investors after China's services sector data came below expectations. "China's services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum," reported Reuters.

Narendra Modi will flag off two Vande Bharat Express trains from Gorakhpur city of Uttar Pradesh on 7 July. This inauguration will be part of PM Modi's two-day visit of four states. The two Vande Bharat train that will be inaugurated will be Gorakhpur-Lucknow Vande Bharat Express and Jodhpur-Sabarmati Vande Bharat Express.

Amar Sadhuram Mulchandani, the ex-chairman of Seva Vikas Cooperative Bank, was arrested on July 1 and a special Prevention of Money Laundering Act (PMLA) court sent him to ED custody till July 7, the federal probe agency said in a statement. «The arrest is made in connection with the ongoing investigation in the Seva Vikas Cooperative Bank fraud case in which the bank suffered a loss of Rs 429 crore in 124 NPA (non-performing assets) loan accounts.» «This has caused the bank to go bankrupt causing loss to thousands of small depositors,» the ED said. This is the fifth arrest by the agency in this case. The ED had earlier arrested a man named Sagar Suryawanshi, who took loans from the cooperative bank, two ED staffers working on contract at its Mumbai office and a «close associate» of Mulchandani for allegedly sharing «sensitive» information of this investigation in lieu of bribe.

Late on Tuesday, convoys of Israeli military vehicles were observed leaving Jenin, signaling the conclusion of the operation that commenced on Monday. The clashes during the operation resulted in the deaths of twelve individuals, including at least five Palestinian fighters and one Israeli soldier. The primary objective of the military campaign was to dismantle militant infrastructure and confiscate weapons in the Jenin refugee camp. The operation was initiated with a drone strike on Monday, and more than 1,000 Israeli troops were deployed in the area. It remains uncertain whether this operation will have a lasting impact, considering the intense fighting that has occurred in the West Bank over the past year and a half. Israeli Prime Minister Benjamin Netanyahu affirmed that similar operations would be conducted in the future if deemed necessary.

hottest day ever recorded worldwide. The data, sourced from the US government's National Centers for Environmental Prediction, reveals that the average global temperature on that fateful day reached a scorching 17.01°C. This surpasses the previous record of 16.92°C set in August 2016, sending shockwaves through the scientific community and underscoring the gravity of the climate crisis.

Treasury Wine Estates will shutter its Victorian commercial winegrowing operation, Karadoc, after five decades in operation, as a decline in consumption and rising costs weigh on the business.

Nifty have both had solid starts to the month of July thanks to strong buying across all sectors and encouraging global indications. The benchmark indices settled at their record closing highs for the fourth straight session on Tuesday, continuing the domestic market's milestone-setting frenzy. With a strong infusion of foreign money and an upbeat macroeconomic outlook, the Indian market has been on the rise.

U.S. Citizenship and Immigration Services is likely to adds a speaking section to to the test. For the exam, an officer would show photos of everyday scenarios and ask the applicant to verbally describe the photos.

«All these flows have really supported and whenever you have these strong flows, you also need some very strong supply of paper and the block deals from whether it is promoters or the private equity investors give you that window,» says V Jayasankar, Kotak Investment.First up, we have, of course, seen the June number for block deals being at the highest level over the last three to four years, the question is how long do you see this supply and these block deals really continuing in the market?I would say the block deals have been quite prevalent for the last 18 months, so even if you look at calendar 22, we had about $14 billion of blocks, so the last transactions that happened in the previous year where Max Healthcare sell down by KKR and CPPIB have been selling down in Kotak. We are involved in both of these transactions and the first one is about $1.5 billion in two tranches.

brick-and-mortar schools and following a standard curriculum, the traditional approach to education has been widely adhering across society. However, in recent years, a new strategy for providing kids with futuristic education is being adopted gradually by the Indian educational system. There has been a growing understanding that not all students may benefit from the traditional approach.