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UNEXPECTED BANK WINDFALL
Sensex jumps 900 pts, Nifty closes above 24,750: 5 factors behind market recovery amid geopolitical jittersIndian stock markets saw a significant rebound on Thursday. The Sensex and Nifty ended sharply higher, adding substantial market capitalisa...
How scammers used Mukesh Ambani’s name to cheat a 77-year-old Hyderabad woman of ₹1.8 croreA Hyderabad woman was defrauded of ₹1.8 crore by cybercriminals who impersonated Mukesh Ambani and RBI officials. Over nine months, they co...
He booked a ticket but airline offered him Rs 2.5 lakh NOT to fly. Internet wants to know the hackA Delta passenger on a packed Chicago to Seattle flight turned a routine trip into a lucrative opportunity. When Delta sought volunteers to...
Bihar class 9 student found Rs 88 crore in his bank account. Here’s what happened nextA student's bank account briefly held a fortune. Saif Ali wanted to withdraw Rs 500. He found crores of rupees instead. The money vanished ...
Government gets Rs 2.11 lakh crore from RBI by way of dividendThe Reserve Bank of India (RBI) has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023-24, exceeding e...
Chandigarh doctor gets a windfall from grandfather's forgotten SBI shares bought in 1994Dr. Tanmay Motiwala, a pediatric surgeon in Chandigarh, made a surprising discovery while organizing family assets: his grandfather's forgo...
When a bank glitch allowed people in Ireland to withdraw money from ATMs they didn't have in their accountBank of Ireland's customers experienced an unexpected windfall yesterday as a technical fault enabled unlimited cash withdrawals from some ...
Will taxing the windfall profits of oil giants fix countries' economies?There is fierce debate over whether imposing an extra tax on windfall profits to subsidize energy users would ultimately worsen the problem...
UK bank mistakenly hands out $175 million in Christmas Day errorDue to a "technical issue," 75,000 payments by some 2,000 corporate and commercial account holders were made twice to their recipients, the...
Money and job worries pose real threat to global economic recovery, survey showsJob is a major concern for many, with more than 30% feeling less secure in their job than a month ago, while around half of survey responde...
Why should you build an emergency fund?There are many instances in life, when there is an urgent requirement of funds. To take care of those needs, investors need to build a smal...
Building an emergency fund with mutual fundsIf an emergency arises, one would have to take a loan or borrow from family or friends. This is not a situation which many of us would like...
Surge in bond yields to widen losses of PSBs, loss estimated at Rs 15,500 crore: ICRAThe recent surge in bond yields is expected to result in MTM losses on the Available for Sale.
The curious case of millions! Five times faulty wire transfer cases made headlinesRecently, Bombay HC moved to secure $500,000 mistakenly transferred into the accounts of two Mumbai businessmen.
Building an emergency kitty using mutual fundsMany a times in life there are situations where you need money immediately. Financial planners suggest building an emergency fund using mut...
Narendra Modi’s cash ban spells bonanza for money-losing power retailersPower retailers in the northern state of Haryana saw unexpected collections of 750 million rupees ($11 million) in the first ten days after...
On the grape wine: Tycoon’s art of giving to top museumThe museum was the recipient of remuneration from an American bank – in the range of $100,000 — which helped the public institution tide ov...
Union Bank net crawls up 9% on treasury, other incomesUnion Bank of India today reported a marginal 9.4 per cent rise in net profit at Rs 560 crore for the June quarter, driven by a massive 160...
RBI looks for an honourable exit out of chaos in money marketThere are angry murmurs about how RBI and government may have unwittingly helped traders in distant markets to make a killing from the curr...
- World Bank projects 9.5 pc growth for China
China will grow at the rate of 9.5 per cent this year, the World Bank said in its quarterly report today.