No personal oral hearing needed before labelling bank accounts as fraud: SC | India News

The Supreme Court, on Tuesday, issued a decision regarding the classification of bank accounts as fraud. The apex court ordered that banks are not obligated to grant customers a personal oral hearing before declaring their accounts as fraud. However, prior to labelling them, banks must provide customers with a forensic audit report.The ruling follows submissions…

Read More

Govt e-Marketplace reports 7.4% fall in transactions

Government e-Marketplace GeM is a dedicated e-Market service platform, a National public procurement portal, governed by Government of India for marketing different goods and services. State-run public procurement platform Govt e-Marketplace (GeM) recorded a 7.4% decline in transactions in FY26, with gross merchandise value (GMV) at Rs 5 lakh crore, compared with Rs 5.4 lakh…

Read More

GCC demand surges: Foreign firms lease record 9.1 mn sq ft office space in Jan-Mar; India cements global hub status

Foreign firms leased a record 9.1 million square feet of office space across India’s top nine cities during the January-March quarter to set up Global Capability Centres (GCCs), highlighting strong demand for workspaces, PTI reported citing CBRE data.Real estate consultant CBRE said total gross leasing of office space rose 5% to 20.7 million square feet…

Read More