Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds reported by their customers to ₹140 crore during 2023-24, Parliament was informed on Tuesday.

The amount of compensation paid by these banks stood at ₹42.7 crore in the previous fiscal, Finance Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.

India has exported non-basmati white rice worth $122.7 million during April-May this fiscal and the government is closely monitoring its production, availability and export scenario to assess suitable policy intervention, Parliament was informed on Tuesday.

The exports stood at $852.53 million in 2023-24, $2.2 billion in 2022-23 and $2 billion in 2021-22, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.

Bangladesh is India's biggest trade partner in South Asia, while India is the second biggest trade partner of the neighbouring country in Asia.

India's exports to Bangladesh dipped to $11 billion in 2023-24 from $12.21 billion in 2022-23. Imports too declined to $1.84 billion in the last fiscal, from $2 billion in 2022-23.

India is a well diversified exporter and a blip in its exports to Bangladesh is unlikely to have any meaningful impact on India's overall trade position for the full year, S&P Global Ratings said.

Bangladesh is facing its worst political crisis since independence in 1971, with Prime Minister Sheikh Hasina resigning amid massive anti-government protests.

Air India on Tuesday cancelled morning flight to Dhaka from the national capital amid massive anti-government protests in Bangladesh.

The neighbouring country has plunged into uncertainty after extraordinary street protests over job quota forced Prime Minister Sheikh Hasina to quit and flee.

IndiGo and Vistara have cancelled all their flights to the Bangladesh capital on Tuesday, two officials said. Vistara operates daily flights from Mumbai and three weekly services from Delhi to Dhaka.

Shapoorji Pallonji Group on Tuesday said its loan from Power Finance Corporation has a twin security structure, including a portion of the Tata Sons shares owned by the Mistry family.

Refuting reports that the loan from Power Finance Corporation (PFC) is a "bailout from default", the SP Group said the cash flows from its real estate franchise will ensure a full repayment of the loan over the tenor.

State-owned telecom company MTNL has defaulted on bank loan payments worth ₹422.05 crore, a regulatory filing said. The total default amount comprises ₹328.75 crore default on instalment of principal and ₹93.3 crore towards interest on debt for June and July.

The rupee recovered from its all-time low level and opened 25 paise higher at 83.84 against the US dollar in morning trade on Tuesday, mirroring the rebound in the domestic equity market, even as aggressive dollar bids from foreign banks exerted pressure on the local unit.

Forex traders said risk aversion in the global markets, escalation of geopolitical tensions in the Middle East and outflows by foreign investors further dented investor sentiments.

SoftBank-backed SaaS platform Unicommerce eSolutions Ltd on Monday said it has garnered over ₹124 crore from anchor investors ahead of its initial share sale opening for public subscription.

SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Kotak MF, Nippon India MF, DSP MF, Aditya Birla Sun Life MF, Morgan Stanley Investment Management and Franklin Templeton Fund are among the anchor investors, according to a circular upload on BSE's website.

Air India and IndiGo cancelled scheduled flights to and from Dhaka with immediate effect on Monday due to the emerging situation in the wake of Bangladesh Prime Minister Sheikh Hasina resigning amid unprecedented anti-government protests.

"In view of the emerging situation in Bangladesh, we have cancelled the scheduled operation of our flights to and from Dhaka with immediate effect. We are continuously monitoring the situation and are extending support to our passengers with confirmed bookings for travel to and from Dhaka with a one-time waiver on rescheduling and cancellation charges," an Air India spokesperson said in a statement on Monday.