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    Stolen phone of 88-year-old leads Delhi Police to bust interstate cyber-fraud syndicate; 9 held
    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
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    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
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    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
    Show AI Summary
    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.

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      West The Sale 2025 Returns To IMM And Westgate With Up To 90% Off

      September 26, 2025

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      • From 1 to 5 October, shoppers can look forward to outlet-exclusive steals of up to 90% across fashion, lifestyle, dining, and home brands, with bigger promotions and rewards such as pre-event eVouchers, tiered redemptions, and dining perks at IMM and Westgate. • A fresh wave of new and returning brands at IMM, expanding the mall's offering to over 100 outlet concepts under one roof. • West The Sale coincides with IMM's refreshed look, following a major rejuvenation that elevates both tenant mix and shopper experience. SINGAPORE, Sept. 26, 2025 /PRNewswire/ -- The annual West The Sale makes its highly anticipated return from 1 to 5 October, transforming IMM and Westgate into the west's ultimate shopping fiesta. For five exciting days, shoppers can chase down outlet steals of up to 90% off across fashion, lifestyle, dining, and home brands. With a refreshed look, an expanded line-up of offerings, and a bounty of exclusive rewards, this year's edition promises the most spectacular celebration of outlet shopping yet. This year, West The Sale 2025 comes packed with bigger promotions and more rewards than ever. The fun is already in full swing with shoppers now being able enter the reward code SHOPWEST on the CapitaStar App to unlock exclusive eVouchers from 29 stores, redeemable from 1 to 21 October 2025. At IMM, spend $400 at participating outlet stores to score a $40 eCapitaVoucher, and top up just $100 more to unlock an extra $20 eCapitavoucher. Over at Westgate, spend $250 at any participating stores (excluding F&B) to walk away with a $20 eCapitaVoucher. To further sweeten the spree, spend $60 in eCapitaVoucher at either mall to receive a $10 dining eVoucher, perfect for a mid-shop refuel. Beyond irresistible promotions, West The Sale 2025 also marks a milestone moment for IMM. The mall now boasts more than 100 outlet concepts under one roof, the largest in Singapore. This follows an Asset Enhancement Initiative that refreshed its tenant mix, upgraded amenities and revitalised its spaces. With a brighter, more vibrant look, IMM has reinforced its position as the premier outlet destination, making it the perfect stage for this year's spectacular sale! "West The Sale has become a signature event that shoppers eagerly anticipate, and 2025 marks an especially exciting chapter. IMM's rejuvenation through our Asset Enhancement Initiative has elevated the outlet experience, while Westgate continues to anchor lifestyle shopping in the west. More than just offering affordable indulgence, we continue to strive to offer a refreshed, rewarding and truly memorable shopping experience in our malls," Chew Hock Chye, General Manager of IMM, Westgate, Bukit Panjang Plaza & Lot One. UNBEATABLE DEALS ON GLOBAL FASHION AND LIFESTYLE FAVOURITES At IMM, shoppers can look forward to an exciting line-up of outlet-exclusive offers from international fashion and lifestyle brands. 1. Coach Outlet - Up to 55% off storewide, plus an extra 10% during West The Sale. 2. Fossil Outlet - Up to 60% off selected items, with an extra 15% off when buying three. 3. Hugo Boss Outlet - An additional 30% off with three or more items (exclusions apply). 4. Kipling Outlet - Up to 70% off, with bundle promotions on everyday essentials. 5. Michael Kors Outlet - 60% off storewide, plus an extra 16% off with two or more items. 6. Oakley Outlet - Up to 50% off markdowns, plus an extra 10% with two or more items. 7. Outlet by Club 21 - Storewide up to 70% off, 80% off with three items, and up to 90% off for the first 100 customers buying six or more. 8. Pedro Outlet - Snag up to 70% off with added bundle offers perfect for everyday staples. 9. Rabeanco Outlet - $30 off with $300 spend, or $50 off with $400 spend on selected items. 10. Running Lab Outlet - Up to 60% off storewide, plus an extra 10% off on apparel. 11. Sperry Outlet - Up to 50% off markdowns, 20% off regular items, plus 10% off promotional items. 12. Swarovski Outlet - Up to 50% off select styles, with 15% off two outlet items or 20% off three or more. 13. Tommy Hilfiger Outlet - Up to 60% off, with tiered savings: 20% off three items or 30% off five. Beyond IMM's wide-ranging outlet catalogue, Westgate spotlights a curated list of lifestyle and home deals, giving shoppers more reasons to explore both malls. 1. Better Vision - Enjoy buy-one-get-one-free offers across selected eyewear. 2. Braun Buffel - Enjoy 50% off any 2 items. 3. Nitori - Refresh the home with 10% savings off all furniture items. 4. Recoil - Score more value with 3-for-2 deals. 5. Scanteak Signatures - Redeem a complimentary Lazy Susan (worth $109) with a minimum spend of $500. 6. WJL - Enjoy discounts of up to 50% off on a wide range of items. A VIBRANT BLEND OF FRESH FACES AND FAMILIAR FAVOURITES IMM welcomes a fresh wave of international fashion, lifestyle, and dining brands this season, adding vibrancy and variety to the outlet line-up, ensuring there is always something new to uncover with every visit. 1. Aldo Outlet 2. Birkenstock Outlet 3. Breadtalk 4. Cedele 5. Din Tai Fung 6. iROO Outlet 7. Kenangan Coffee 8. Lacoste Outlet 9. Leonian Outlet 10. Oakley Outlet 11. Oh! Sunny Outlet 12. Optical 88 Outlet 13. Pepper Grill 14. Toast Box 15. Wilson Outlet Alongside the newcomers, IMM also welcomes back a strong line-up of returning outlet favourites that shoppers know and love. These familiar names continue to deliver the same quality and value they are known for, heightening the excitement of this year's sale. 1. Benjamin Barker Outlet 2. City Chain Outlet 3. ecco Outlet 4. Fossil Outlet 5. Guess Outlet 6. Hugo Boss Outlet 7. Sunglasses Hut Outlet 8. Tommy Hilfiger Outlet With the expanded line-up, IMM now houses over 100 outlet concepts, reinforcing its standing as the regional destination for premium outlet shopping – spanning international fashion, sportswear, dining, lifestyle, and accessories, all under one roof. A NEW LOOK, A NEW CHAPTER FOR IMM The return of West The Sale 2025 follows the completion of IMM's Asset Enhancement Initiative (AEI), a S$48 million rejuvenation project carried out from Q1 2024 to Q3 2025. Designed to strengthen IMM's position as the premier regional outlet destination, the AEI brings significant upgrades to both the shopping experience and the mall environment. A key part of the enhancement was optimising the tenant mix. As part of the rejuvenation, IMM also reconfigured 126,000 square feet on Level 1, right-sizing the supermarket footprint to introduce a wider variety of outlet concepts. This refresh to the tenant mix has brought in new international names alongside returning favourites, offering shoppers greater variety, convenience and appeal. The AEI also prioritised shoppers' comfort and convenience. Common areas now feature refreshed aesthetics, while upgraded amenities such as restrooms further elevate the experience. In line with CapitaLand's sustainability agenda, IMM has also introduced energy-efficient installations throughout the property to reduce environmental impact. With more than 100 different outlet concepts now under one roof, IMM emerges from its AEI rejuvenation stronger and more vibrant, setting the stage for West The Sale 2025 to deliver an unparalleled shopping experience. CAMPAIGN DETAILS Title: West The Sale 2025 Website: www.capitaland.com/sg/malls/imm/en/WestTheSale2025.html Campaign Summary: West The Sale 2025 returns from 1 to 5 October with five days of spectacular outlet steals of up to 90% at IMM. The shopping experience coincides with IMM's refreshed look and a vibrant tenant mix, featuring a line-up that now spans over 100 outlet concepts under one roof. Shoppers can unlock pre-event eVouchers on the CapitaStar App, enjoy irresistible tiered spend-and-redeem rewards, and savour dining perks throughout the campaign. From fashion icons and luxury accessories to lifestyle must-haves and dining favourites, IMM's international outlets – including COACH Outlet, Michael Kors Outlet, Tommy Hilfiger Outlet, Hugo Boss Outlet, Fossil Outlet, Swarovski Outlet and Oakley Outlet – promise unbeatable deals and fresh discoveries at every turn. Date: 1 to 5 October 2025 Venue: IMM (2 Jurong East Street 21, Singapore 609601) & West The Sale (3 Gateway Dr, Singapore 608532) Ticketing: FREE for the public Tags & Hashtags @immoutletmall @westgatesg | #WestTheSale About IMM Operated by CapitaLand, IMM is Singapore's largest outlet mall offering up to 80% savings all year round. These outlet stores cover a wide variety of merchandise, including designer fashion, sportswear, footwear, luggage, children's apparel, and fashion accessories. IMM is also a one-stop destination for home furnishing and electrical appliances. About Westgate Strategically located in Jurong Gateway right next to Jurong East MRT station, Westgate is a premier lifestyle and family mall. The mall offers a downtown shopping experience right in the west of Singapore, with alfresco courtyard dining, international brands, and local favourites among its diverse tenant mix. Photo -Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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