Top Stories
- CBI Takes Down Cyber-Fraud Scheme
A significant financial crime and cyber fraud ring based in Pune and Mumbai has been taken down by the Central Bureau of Investigation. The group used deceit and phishing calls to pose as US citizens. On July 24, the case was filed, and more arrests are expected. - The price of SBI shares Dips The shares of State Bank of India (SBI) dropped 1.15% to ₹806.50, trailing the 0.88% decline of the BSE Sensex. There were also decreases at ICICI Bank, Kotak Mahindra, and IndusInd Bank. Presently, SBI is 9.28% lower than its 52-week peak of ₹889.00.
- The RBI Signals Rate Approach
Although the bank has “won the battle against inflation,” the war as a whole is still ongoing, according to RBI Governor Sanjay Malhotra. Future rate decreases are being discussed, but the policy stance is expected to stay neutral, given that retail inflation is at a six-year low. On August 6, the next policy review will take place.
Reuters - Mumbai Is Disrupted by Heavy Rainfall
On July 25, heavy rains caused major roads to get flooded and local trains to be disrupted. More heavy rain is expected throughout the next weekend, according to the IMD.
- Weather Alerts from Vidarbha
The IMD issued an orange alert for Nagpur and Wardha and a red alert for Vidarbha (Chandrapur, Bhandara, Gondia, and Gadchiroli) due to heavy to extremely heavy rainfall. Affected districts’ schools remained closed. About 60 persons who were stuck by flooding were rescued by emergency personnel. - Vidarbha Enters Shravan Month
In Vidarbha, the fortunate season of Shravan began on July 25. As part of a spiritual campaign, devotees at Nagpur’s Mankapur Temple started creating 71 lakh Parthiv Shivlings from cleaned earth, with a daily target of 2.25 lakh.