As much as ₹177 crore was lost on account of credit, debit card and internet banking frauds in the 2023-24 fiscal, Parliament was informed on Monday.

In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the amount of loss due to cyber fraud has increased from ₹69.68 crore in FY23 to ₹177.05 crore in FY24.

Public sector LIC on Monday said its office in Bangladesh will remain closed till August 7.

Over 100 people were killed in the last two days in fierce clashes between security forces personnel and anti-government protesters in different parts of Bangladesh, according to reports from Dhaka.

UPI transactions in the first three months of the current fiscal have grown over 36% to ₹60 lakh crore, Parliament was informed on Monday.

As per the details of UPI transactions shared by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha, 4,122 crore UPI transactions worth ₹60 lakh crore took place between April and June in 2024-25.

Public sector banks' non-performing assets associated with the Mudra loan category have declined to 3.4% in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday.

This marks an improvement from 4.77% in 2020-21, 4.89% in 2019-20, and 3.76% in 2018-19, she said in response to a query in the Lok Sabha during the Question Hour.

Baazar Style Retail Ltd on Monday said it has mobilised ₹37 crore from venture-capital fund Volrado Ventures Partners Fund II in a pre-IPO (initial public offering) round.

With this, the IPO-bound company's fresh issue size has been reduced to ₹148 crore, from ₹185 crore earlier.

The government on Monday said there is no proposal under consideration for merger of public sector general insurance companies.

In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said ₹17,450 crore was infused during 2019-20 to 2021-22 in three PSU general insurance companies namely Oriental Insurance, National Insurance and United India Insurance to focus on their growth.

Gold prices on Monday jumped ₹237 to ₹70,026 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher ₹237 or 0.34% at ₹70,026 per 10 grams in a business turnover of 19,248 lots.

IndiGo will introduce business class seats in flights on 12 domestic routes in mid-November.

The seats will be open for booking from Tuesday, the airline's CEO Pieter Elbers said on Monday at an event to mark the airline's 18 years of operations.

India's services sector growth recorded another month of robust expansion in July, albeit at a slightly slower pace than in June, largely supported by robust demand conditions and investment in technology, a monthly survey said on Monday.

The seasonally adjusted HSBC India Services Business Activity Index was at 60.3 in July, down only fractionally from 60.5 in June.

In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

Passenger vehicle retail sales in India witnessed a 10% year-on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday.

India's economy is expected to grow at 7%-7.2% in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms, Deloitte India said on Monday.

The August update of Deloitte's India Economic Outlook said several initiatives in the Union Budget 2024-25 toward improving agriculture productivity, creating jobs for the youth, and in manufacturing and addressing the challenge of access to finance for micro, small, and medium enterprises (MSMEs), would help improve supply-side demand, curb inflation, and prop up consumer spending, especially in rural areas.

Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27% year-on-year to ₹7,792 crore in FY24.

Rupee opened on a muted note and fell to an all-time low of 83.80 against the US dollar on Monday, as the risk off situation in world markets kept the dollar well bid.

Forex traders said the sharp downfall in the domestic unit came on the heels of a significant downturn in the Indian equity markets and significant foreign fund outflows.

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, is eyeing a topline of ₹40,000 crore by FY30, backed by increased volume and diversification.

The miner plans to boost its production capacity from the current 41 million tonnes per year to over 100 million tonnes, with a capital expenditure of ₹3,000 crore by FY30, officials said.

"In 2023-24, we produced 41.1 million tonnes of raw coal, and in the current fiscal year, the target is to produce 45 million tonnes," Samiran Dutta, chairman and managing director of BCCL, said on Sunday. "With our expansion plans, we aim to reach 100 million tonnes by 2029-30."

Prime Minister Narendra Modi on Sunday hailed the record gas production in the country and said self-reliance in the energy sector is very important in achieving the resolve of a developed India.

His remarks came in response to a post by Petroleum Minister Hardeep Singh Puri stating that the country has achieved a new record in the field of gas production.

The gas production in 2020-21 was 28.7 BCM and increased to 36.43 BCM in 2023-24.

The data shared by the Union Minister projected that the gas production in 2026 will be 45.3 BCM.

In a post on X, Modi said, "Many congratulations to the people of the country for this achievement! Our self-reliance in the field of energy is very important in achieving the resolve of a developed India."

Home-grown social media firm Mohalla Tech, which owns ShareChat platform, on Sunday said it has raised ₹134 crore, or USD 16 million, through debt bonds from Singapore-based investment firm EDBI.

With this fresh fundraise the company has expanded its ongoing convertible debentures round to USD 65 million.

"ShareChat expands its convertible debentures round to USD 65 million, as Singapore-based EDBI joins the round," the company said in a statement.