54 bank fraud accused fled India, ED seizes assets worth over Rs 35,000 crore

The Enforcement Directorate is investigating 32 bank fraud cases with 54 absconding accused. Proceedings under the Fugitive Economic Offenders Act have been launched against 27 individuals. Assets worth over Rs 840 crore have been confiscated after nine were declared offenders. Unclaimed bank deposits transferred to the RBI fund total Rs 62,683.19 crore. India’s foreign exchange…

Airtel Q1 profit jumps 37% to Rs 8,167 crore

Bharti Airtel reported a significant profit increase of 37.3% in the first quarter. This growth was fueled by higher mobile tariffs and strong customer additions across businesses. Revenue also saw a substantial rise of 18.4% during the same period. The company’s average revenue per user increased to Rs 264 from Rs 250 a year ago….

US Treasury yields fall as oil retreats on Iran deal hopes, Fed hike bets ease

On Tuesday, US Treasury yields saw a decline following a sharp drop in oil prices. As optimism regarding a resolution to the Iran conflict grew, inflation worries lessened. Consequently, traders adjusted their predictions for a Federal Reserve interest rate increase in September, leading to significant reductions in two-year and ten-year Treasury yields. The Treasury Department…