The scale of the suspected fraud is larger than the bank’s third-quarter net profit of Rs 503 crore. (AI image) IDFC First Bank fraud: A Rs 590 crore fraud, at IDFC First Bank’s Chandigarh branch, has led to a massive erosion in investor wealth of over Rs 14,000 crore. The fraud has come to light…
Gold price prediction (AI image) Gold price prediction today: Gold prices suggest an underlying bullish bias, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. The commodities’ expert shares the factors that will guide gold prices in the coming days and key levels to watch out for:Gold breached the $5,000…
IDFC First Bank stock price today: Shares of IDFC First Bank tumbled on Monday, hitting the 20% lower circuit at Rs 66.85 on the BSE. This sharp selling comes after the bank disclosed a Rs 590 crore fraud at its Chandigarh branch.Around 10:25 am, IDFC First Bank Ltd was trading down 18.84% or 15.73 points…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex opened in green on Monday on positive global cues following US Supreme Court’s decision to strike down Trump’s tariffs. While Nifty50 was above 25,700, BSE Sensex added over 600 points, rising above 83,300. At 9:21 am, Nifty50 was trading at 25,720.40, up 149…
US President Donald Trump reiterated his claim that Americans could receive a $2,000 payment funded through tariff revenues and the move might not even require congressional approval. Addressing reporters, Trump said strong tariff collections had created sufficient room to consider direct payments to Americans while also helping to reduce the national debt. Responding to whether…
Morgan Stanley has an overweight rating on Reliance Industries (RIL) with the target price at Rs 1,803. Analysts said RIL has pivoted every decade in its nearly 48 years of listed history. Its vision to invest $110 billion in AI, related energy supply and the digital ecosystem over seven years is the next major shift…
Top stocks to buy (AI image) Stock market recommendations: Max Financial, and Delhivery are stocks recommended for buying by Motilal Oswal Financial Services Ltd for the trading week starting February 23, 2026. Below is a detailed analysis: Stock Name CMP (Rs) Target (Rs) Upside (%) Max Financial 1850 2200 18.90% Delhivery 431 580 35% Max…
NEW DELHI: A leading exporter left work on Friday with additional US tariffs on most goods from India at 25%. He was hoping it will fall to 18% this week. Late evening, the US Supreme Court declared the imposition of reciprocal tariffs illegal and by Saturday a new levy of 10% kicked in, which moved…
MUMBAI: IDFC First Bank has reported a Rs 590-crore discrepancy in deposits held on behalf of Haryana govt at its Chandigarh branch, and suspended four employees pending investigation.The bank’s filing comes after the state directed its departments to close accounts with private lenders on Feb 18. The matter was escalated to the bank’s board at…
MUMBAI: Markets are expected to remain volatile during the week as clarity among Dalal Street investors about the US tariffs on goods exported to the world’s largest economy continues to remain elusive. While most market players feel that the rate of tariff on Indian goods will not be much different from what it was earlier,…