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Time of India
2 hours ago
- Time of India
Man loses Rs 10L in online job scam
Mangaluru: Online fraudsters cheated a man out of Rs 10.4 lakh after offering a profit in an investment. Mangaluru CEN Police said that the complainant received a message saying ONLINE JOB with a link to a Telegram channel. On clicking the link and opening the Telegram account, the complainant found a channel named 'Daily Review.' When he messaged this Telegram account, the person on the other end claimed to work for a company called Anjali Digit. The individual sent a YouTube channel link to the complainant, instructing him to open, subscribe, and take a screenshot, which he then sent to the 'Daily Review' Telegram account. The complainant was told that he would receive Rs 41 per screenshot. Following these instructions, the complainant sent 10 screenshots per day. Later, he was informed that investing money in the DIGIT company would yield profits. Acting on this, the complainant initially invested Rs 1,000 via UPI and received a profit of Rs 300. Later, the accused sent a link and asked the complainant to register by entering his name and mobile number. Subsequently, the complainant was instructed to invest Rs 34,000. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo He began transferring money in stages, eventually transferring a total of Rs 10.4 lakh to various bank accounts provided by the unknown individual using UPI, NEFT, and RTGS methods. After few days, the complainant received a small refund on his investment. When he requested to withdraw the remaining funds via the customer service Telegram channel, he was pressured to pay Rs 5.5 lakh in taxes. This raised suspicion, and upon investigation, the complainant realised he was scammed. Truck loader dies in accident In an accident reported on Moodbidri Road in Bantwal on Friday, a loading staff of a truck died after the vehicle overturned when the driver lost control. The deceased is Nirmal Hansda from Jharkhand. Bantwal traffic police registered a case. |
New Indian Express
5 hours ago
- New Indian Express
RBI's monetary policy decision, global trade negotiations to guide markets next week
Investors will keenly watch the Reserve Bank of India's (RBI) upcoming monetary policy decision for future market guidance. Additionally, market participants will monitor global developments, particularly trade tensions, to navigate the ongoing consolidation phase. India's equity market closed in the red this week. The subdued performance was primarily driven by global trade tensions and anticipation around domestic policy decisions. Benchmark indices, the Sensex and Nifty, experienced significant swings before closing lower amid uncertainty over U.S. tariff developments and caution ahead of the RBI's policy announcement. Both indices declined over 1%, with the Nifty ending at 24,750.70 and the Sensex at 81,451.01. 'Despite encouraging domestic cues, mixed signals from global markets kept investor sentiment on edge. Initially, optimism prevailed following the RBI's record dividend payout and positive updates regarding the monsoon. However, as the week progressed, concerns surrounding rising U.S. bond yields, trade tensions between the U.S. and the European Union, and the ongoing legal battle over U.S. tariffs weighed on market sentiment, limiting the scope for any meaningful recovery,' said Ajit Mishra – SVP, Research, Religare Broking. He added that looking ahead, all eyes will be on the outcome of the RBI's Monetary Policy Committee (MPC) meeting scheduled for June 6. The market is pricing in a 25bps cut, which will improve the outlook for rate-sensitive sectors.
Time of India
5 hours ago
- Time of India
May sees record Rs 19,860 crore FPI inflow, highest in 2025: NSDL
NEW DELHI: Foreign portfolio investments in Indian markets reached record levels in May 2025, as confirmed by National Securities Depository Ltd (NSDL) statistics, quoted by ANI. The month recorded net FPI inflows of Rs 19,860 crore, establishing May as the strongest month for foreign investments in 2025. The period from May 26 to May 30 saw foreign investors maintain their investment momentum with net inflows of Rs 6,024.77 crore. While positive inflows characterised most trading days that week, Friday registered a net outflow of Rs 1,758.23 crore. Although May demonstrated robust performance, the cumulative FPI investment for 2025 remains negative. The period from January through May shows net outflows of Rs 92,491 crore. Nevertheless, the substantial May inflows suggest a possible shift in foreign investor confidence. The uptick in FPI activity correlates with the declining US dollar value and positive developments in the Indian stock market. The robust economic foundations of India continue drawing international investors, although FPI flows remain responsive to international circumstances and external challenges. Whilst the year commenced cautiously, the positive May figures might indicate a directional change, provided global conditions maintain stability. Earlier data indicated FPI stock sales of Rs 3,973 crore in March. January and February witnessed equity sales of Rs 78,027 crore and Rs 34,574 crore, respectively. The final trading day of May saw the Indian stock market close marginally lower, influenced by varied global indicators. The Sensex decreased by 182 points (0.22 per cent) to 81,451.01, whilst the Nifty 50 settled at 24,750.70, down 83 points (0.33 per cent). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
