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As artificial intelligence increasingly reshapes the financial sector, Indian banks are facing a sharp rise in fraud-related challenges, wit...
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Top Gainers:Market News
Indian government bonds saw reduced demand on Thursday. Renewed U.S.-Iran strikes pushed oil prices higher. This development raises concerns about India's economy, the world's third-largest oil importer. Foreign banks sold Indian bonds, marking a significant outflow. Economists predict mounting costs if the conflict persists. Inflation is expected to average 5.1% with growth slipping to 6.6%.
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IndiGo says it is monitoring Middle East situation, assures passengers on safety
IndiGo has issued a travel advisory for passengers flying to and from the Middle East, assuring them of its commitment to safety amidst evolving regional tensions. The airline is closely monitoring the situation and coordinating with authorities, urging travelers to check flight statuses for the latest updates.
Indian-American arrested in California for allegedly defrauding bank of $100 million
An Indian-American man, Mahender Makhijani, was arrested in California for allegedly defrauding a bank of nearly $100 million. He is accused of manipulating title insurance records and using shell companies to conceal lien positions. Makhijani faces up to 30 years in prison if convicted.
India warns citizens in Canada against fraudsters posing as consulate officials
Indian nationals in Canada are warned by the Consulate General of India in Toronto about fraudulent calls. Scammers are impersonating consulate officials to solicit personal information or money related to Canadian visas, PR, immigration, and job offers. The Consulate clarifies it does not handle these matters and urges reporting of such incidents.
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