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While bank account takeover represents more than half of all fraud cases for customers in India, there is a concerning bump in mule accounts used in these frauds, according to a report.
On Wednesday, 1391 stocks advanced, 2451 declined and 100 remained unchanged, with an advance decline ratio of 0.56 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Kotak SEAF India Fund, Kotak Alternate Asset Managers Ltd and Kotak Mahindra Trusteeship Services Ltd (noticees) for violating Venture Capital Funds (VCF) Regulations in the case of India Growth Fund, a scheme by Kotak SEAF India Fund.
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Oriental Insurance Co Ltd to pay Rs2,73,000 with an interest of 9%pa (per annum) as cost for knee replacement treatment. NCDRC categorically stated that Oriental Insurance failed to bring to the notice of the complainant terms and conditions (T&C) of the mediclaim policy.
A political slugfest has erupted in West Bengal over Chief Minister Mamata Banerjee’s allegation that the Union government is deliberately deactivating the Aaadhar cards of around 60 citizens of the state.