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cases of frauds were reported in various banking operations amounting to ₹45,598 core in 2021-22, shows the RBI data on trends and progress of banking in India, shows the latest RBI data on trends and progress of banking in India. This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore out of 4,091 cases. The data refer to the frauds of ₹one lakh and above.

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Indian economy has been a shining star on the global stage amidst a peer group witnessing a slow to no growth rate. The World Bank, in its latest India Development Update, highlighted the Indian economy’s “resilience" despite challenges in the global environment. The economic outlook is promising on the domestic level in the coming year. TheUS recession is the talk of the town, and so the world is gearing up for the challenges we may encounter in the coming year. 

S Krishnakumar, Founder & Director,Lion Hill Capital, says “a reversal in the interest rate cycle globally means that money is going to be available at a much lower cost and we are going to see more risk-on come through over the next couple of years. Also, the outcome of the state election results in India has removed uncertainties about political continuity following May 2024 elections. These two major factors have removed some uncertainty from markets and a rally that could have happened in the middle of 2024 has already happened in December ‘23 thereby front-ending a lot of the returns of 2024 in a way.” Which side of the argument would you lean on, given that on the one hand, how inherently domestic flows, and now increasingly overseas flows are also good, but on the other hand, the recent rally in the month of December has been pretty sharp? S Krishnakumar: A couple of uncertainties are out of the way. One is, the state elections in north India gave BJP a thumping victory and removed uncertainties about the central elections in May 24 which now seem to be very much in the bag for the BJP-led front.

Samsung Galaxy S24 series is set to launch on January 17, 2024 and reports suggest that the base model of the line-up may incorporate cost-cutting measures by opting for slightly slower UFS 3.1 (Universal Flash Storage). This move is speculated to help Samsung maintain the prices of the upcoming flagship lineup, including the Galaxy S24+, and Galaxy S24 Ultra, in line with their Galaxy S23 counterparts.

Nifty 50, Nifty Bank, and Nifty IT are among the key indices tracked by passive index funds and would see a rebalancing as part of the quarterly review. The changes will come into effect from Friday. Among Nifty stocks, The weightage of Adani Enterprises may reduce to 0.8% from 1%, while that of Adani Ports to 0.8% from 0.9%. Adani Enterprises is likely to see outflows of $71 million while Adani Ports will see outflows of $24 million, according to analysts’ predictions. Shares of Adani Enterprises and Adani Ports fell 0.6% and 0.3%, respectively ahead of the rebalancing.

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “now our high conviction bet is SBI. It can do something special in 2024 if you want to just pick one stock among the largecaps. So given this view, banking as a space should do well and that should keep the entire market safe. You know, if the banks are strong, the Nifty is strong. If the Nifty is strong, generally the entire market is steady.” Shah further says: «On the Nifty itself, our working target is about 22,300. As we get close to that number, it might make sense to take some profits off the table and maybe work with a trailing stop-loss of 21,200 or even, if somebody's comfortable, 20,900. So while the index might not be so relevant right now, there are opportunities in a lot of sectors, banks, IT, pharma, metals, infra, power where one should focus on without looking at the index much.» Looking at your latest report, it says a new high is quite a feat. But going by what you have put out in the report, you are talking about the Nifty Bank and IT sector batting for the bulls and therefore it becomes easy for the Nifty to rally. So given the kind of rally that we have seen at 21,700 levels, is that going to only sustain as per your analysis? Gautam Shah: Well, when we put out the message that new highs being quite a feat, we meant after what happened last Wednesday because there was so much talk and chatter around the market fall of a single day.

Lalan Singh, on Thursday dismissed reports of his resignation from his post, saying a «narrative» was being set by the media at the behest of the ruling BJP. Amid speculation that he may step down from the post of party president ahead of a meeting of JD(U)'s national executive, Singh on Thursday said the meeting is a routine one, and stressed that his party remains united.

Reserve Bank of India (RBI) highlighted a significant rise in fraud cases within the banking sector during the initial half of the preceding financial year. The report, titled "Trend and Progress of Banking in India 2022-23," emphasized the critical need to safeguard the banking and payments systems from the growing threats of fraud and data breaches stemming from cyber threats.

ANI, Mishra said, "Aarti is held at three times a day. Only pass-holders can attend it. The pass for the aarti can be obtained by producing government-issued ID cards.

trademark for a name does not assure the creation of a product bearing that name, it does raise the likelihood that Bajaj is developing a more athletic iteration of its Chetak electric scooter. Intriguingly, there have been sightings of Bajaj testing a scooter with comparable features in the recent past.

₹50 lakhs, foreign travel, high-value credit card spends. Taxpayers should respond via the IT department’s compliance portal by selecting an appropriate response out of the four available options -- information is correct, information is duplicate/included in other PAN, information is incorrect and the residual category response in ‘others’.

₹50,000, which would hurt its revenues. In light of this, the announcement of new business lines seems like an attempt to put on a brave face with an eye on its stock price.

Mint takes a look into previous incidents targeting the Israeli embassy in India, and possible reasons. On the evening of 26 December, a loud blast occurred near the Israeli embassy in New Delhi. There were no casualties but the incident has heightened fears of possible attacks on Israeli citizens in India.

NEW DELHI : India and South Korea are discussing joint development projects in neighbouring countries such as Sri Lanka and Bangladesh, according to persons aware of the matter. While talks are still in early stages, the development is significant as it reflects a renewed focus on bilateral relations between India and South Korea, with Seoul seen expanding its strategic interests beyond East Asia. Mint had earlier reported that South Korean president Yoon Suk-Yeol is eyeing a visit to India to push key projects and discuss strategic technologies, the Indo-Pacific Oceans Initiative and China-related matters.

Gujarat records highest number of JN.1 variant cases As per Health Ministry sources, with 109 JN.1 COVID variant cases, as many as 36 cases were reported from Gujarat, 34 from Karnataka, 14 from Goa, 9 from Maharashtra, six from Kerala, four from Rajasthan, four from Tamil Nadu and two from Telangana, the sources said. 2. Delhi reports 1st JN.1 sub-variant case Amid rising COVID-19 cases across India, Delhi on Wednesday reported its first case of COVID-19 sub-variant JN.1, officials were quoted as saying to PTI.

Exploring ways to build a good CIBIL scoreAs we conclude, it's crucial to highlight the significance of building a good CIBIL Score. Responsible credit management, timely payments, and prudent credit utilization are important aspects of a positive credit profile.

Deal or no deal? In the early days of Israel’s counteroffensive against Hamas, the terrorist group begged for a breather. It released 105 hostages for a seven-day pause and some low-level prisoners. But Hamas has since turned down two offers for a pause in the fighting, each one more generous than the last.

Lalit Jha, the alleged mastermind of the Parliament security breach, till January 5, 2024. The Parliament security breach was meticulously planned for months before its execution on the anniversary of the 2001 Parliament terror attack. On December 13, two people- Sagar Sharma and Manoranjan D jumped into the Lok Sabha chamber from the public gallery during Zero Hour.

Congress party, party national president Mallikarjun Kharge hoisted the party flag at the All India Congress Committee (AICC) Headquarters in Delhi on Thursday. As reported by ANI, speaking to the media, Kharge said that the Congress party will never move away from its ideologies and will progress with its ideologies.

Jubilant Foodworks Ltd. dropped 0.2 per cent to Rs 565.85 at 11:37AM (IST) in Thursday's trade. The counter has hit a high of Rs 571.35 and low of Rs 565.8 so far during the session.