Cash

India on Wednesday denied making any payments - either in cash or cryptocurrency - to Iran to secure safe passage for its vessels through the Strait of Hormuz amid heightened tensions in the region. The clarification came after two Indian vessels had to turn back from the Strait of Hormuz after Iranian forces fired upon them as they attempted to cross the crucial waterway on April 18. Before turning back, the captain of Indian tanker Sanmar Herald, in an audio recording that has surfaced, is heard pleading with Iranian forces to stop firing despite prior clearance to pass the Strait of Hormuz. "This is motor vessel, Sanmar Herald. You gave me clearance to go, my name is second on your list... You are firing now. Let me turn back." While New Delhi has consistently rejected claims of any financial arrangements with Tehran for ship movement through the critical energy corridors, some reports linked the April 18 incident to a crypto scam. Reports suggest scammers are offering shipowner

FIA has urged Sebi to revise its closing auction session proposal, warning of price discrepancies, expiry-day risks, and operational complexity without harmonisation

Equity cash volumes rose 9% month-on-month to ₹1.16 trillion in May, lifted by a rally in mid and small-cap stocks; F&O volumes declined due to tighter norms

Banks, cash handling firms, and managed service providers are yet to work out the absorption of costs involved in the trade as well as the logistics of switching to the new system

Supreme Court Collegium has ordered the immediate transfer of Delhi High Court Judge Justice Yashwant Varma after discover of cash hoard at his residence

52 kg of gold and Rs 9.86 crore in cash were found in an abandoned SUV near a Bhopal forest, raising suspicions of links to ongoing raids on real estate businesses

The cash holding, which rose to a high of 6 per cent in September, has been declining since October amid market correction

It includes Rs 6,593 cr towards fertiliser subsidy scheme, around Rs 9K cr for agriculture, and Rs 8K cr for defence

Not the time to raise the sail as investors batten down the hatches

The US Treasury's top economic diplomat has called for new ways to provide short-term liquidity support

The government's intention is to curb black money, promote digital transactions, and ensure tax compliance

Are you falling short of cash due to your reliance on UPI and other digital payment methods, or are you facing challenges in accessing a bank or ATM? Whatever may be the reason, you’re not alone.

The AIIMS Smart Card started on a pilot basis in some departments of the premier health institute here would be rolled out across all sections by March 31 for enabling all kinds of payments, the AIIMS Delhi said on Wednesday. Subsequently, no cash payment shall be accepted at any counters other than at the 'AIIMS Smart Card' top-up counters which shall be operationalised in multiple locations and shall operate on 24x7 basis, it said. The AIIMS Smart Card will be the only way to make payments for all investigations and procedures other than electronic payments via UPI, debit cards, credit cards, etc, the AIIMS said. In the order, its Director Dr M Srinivas referred to an office memorandum issued on November 17, 2022, advising that 'AIIMS Smart Card' facility for patients and attendants be started with effect from April 15, 2023 in collaboration with SBI Bank. This was done to move to digital payments mode and to improve patient convenience so that they don't have to stand in queues

Is the North-South divide real? What will higher cash outgo mean for govt finances? What will keep the markets busy this week? What is an interim budget? All answers here

Income Tax officials however continue to conduct the survey at properties linked to Dheeraj Sahu with documentation process still on

The seizure of "unaccounted" cash after Income Tax department raids against an Odisha-based distillery group and its linked entities is expected to reach Rs 290 crore, making it the "highest-ever" black money haul by any agency in a single operation, official sources said Saturday. The tax department has deployed about 40 large and small machines to count currency notes and brought in more department and bank staffers to finish the counting process, which began on December 6 following raids against Boudh Distillery Pvt Ltd and others, they said. Besides these, more vehicles have also been requisitioned by the department to transport the seized cash to government banks in the state. A premises linked to Congress' Rajya Sabha MP from Jharkhand, Dhiraj Prasad Sahu, were also covered as part of the searches, the sources said. Efforts to seek a response from the MP and an e-mail sent by PTI to the distillery group did not fructify. Tax sleuths are now recording the statements of variou

Increased currency circulation is intriguing

New investments haven't kept pace with money flowing in from operations

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March