December 5, 2025

Nine Fugitive Economic Offenders Owe Banks ₹58,000 Crore; SBI Recovers 52%

Nine fugitive economic offenders owe Indian banks more than ₹58,000 crore. SBI leads with a 52% recovery rate, mainly from Vijay Mallya's case. Other banks recover less than 40%.

December 4, 2025

Rodney Burton Seeks Release, Claims He Was Duped by Sam Lee's $3bn HyperVerse Ponzi Scheme

Rodney Burton, accused in a $3bn global Ponzi scheme, says in US court he was tricked by Australian Sam Lee. Burton urges release claiming good faith and due diligence in promoting HyperVerse.

December 4, 2025

India Introduces Health Security se National Security Cess on Pan Masala Machines to Boost Funds

Finance Minister Nirmala Sitharaman introduced a new cess on pan masala production machines to fund health and national security. The bill, debated in Parliament, targets machines by production speed and pouch weight, aiming to reduce tobacco use and increase revenue.

December 4, 2025

HMDA Nets ₹3,078 Crore From Kokapet Neopolis Plot Auction, Hits Record ₹151.25 Crore per Acre

HMDA earned ₹3,078 crore from auctioning plots in Kokapet’s Neopolis layout, hitting a record price of ₹151.25 crore per acre. Total revenue from this cycle and Golden Mile auctions could reach ₹5,000 crore. The average price rose 87% over two years, settling at ₹137.36 crore per acre.

December 4, 2025

Centre Demands States Meet Conditions to Release Samagra Shiksha Funds, Says Dharmendra Pradhan

Union Education Minister Dharmendra Pradhan said states must satisfy scheme conditions to receive Samagra Shiksha funds. Pending dues worth ₹1,160.52 crore were highlighted. Tamil Nadu’s dues remain on hold, with calls for talks between State and Centre.