Fino Payments Bank reaffirms compliance amid GST investigation

Fino Payments Bank reaffirms compliance amid GST investigation


Fino Payments Bank MD and CEO Rishi Gupta has been arrested under the provisions of the GST Act, the payments bank informed exchanges on Friday.

Ketan Merchant, Chief Financial Officer of Fino Payments Bank, said that following the bank’s stock exchange disclosure dated February 27, 2026, it wants to reiterate that it has strong corporate governance standards, a robust compliance framework and well-established processes in place.

As a regulated entity, the bank complies with all applicable laws, including GST regulations.

“The issue is with regard to a GST investigation pertaining to programme managers who have relationships with other banks including Fino Payments Bank Limited. The bank and its MD & CEO – Mr Rishi Gupta have nothing to do with the actions of the programme managers. We have full faith in the country’s judiciary and will continue to extend full cooperation and assistance to the authorities in the ongoing process,” Ketan Merchant said.

Merchant added that the bank has full faith in the country’s judiciary and will continue to cooperate fully with authorities in the ongoing proceedings. He also assured customers, investors and other stakeholders that business operations will remain unaffected, and services will continue without interruption, reiterating the bank’s commitment to customer centricity.

Published on March 1, 2026



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क्या रॉकेट की स्पीड से ऊपर भागेगी सोने-चांदी की कीमतें? ईरान-इजरायल जंग का क्या होगा असर?

क्या रॉकेट की स्पीड से ऊपर भागेगी सोने-चांदी की कीमतें? ईरान-इजरायल जंग का क्या होगा असर?


Gold-Silver Prices: ईरान और इजरायल के बीच जंग छिड़ गई है. अमेरिका और इजरायल ने मिलकर ईरान पर हमला बोल दिया है. ईरान ने भी जवाबी कार्रवाई करते हुए मिडिल ईस्ट में अमेरिकी सैन्य अड्डों को निशाना बनाया. तनाव के इस माहौल में दुनिया के वित्तीय बाजारों में हलचल पैदा हो गई है.

ग्लोबल मार्केट में एक बार फिर से निवेशक सेफ-हेवन मोड में जा रहे हैं. यानी कि अनिश्चितता के इस माहौल में लोग सुरक्षित निवेश के रूप में सोने-चांदी पर दांव लगा रहे हैं. ऐसे में कीमतों के बढ़ने की आशंका तेज हो गई है.  

क्या कह रहे हैं एक्सपर्ट्स?

एक्सपर्ट्स का मानना है कि वैश्विक अनिश्चितता और जियोपॉलिटिकल टेंशन के बीच निवेशक सुरक्षित निवेश के रूप में सोने-चांदी का रूख कर सकते हैं. इससे कीमतों में 10-15 परसेंट तक बढ़ोतरी का अनुमान लगाया जा रहा है. चूंकि अमेरिका और ईरान के बीच टकराव के गहराने से फाइनेंशियल मार्केट में पैनिक की स्थिति पैदा हो सकती है. ऐसे समय में लोग  सोने और चांदी को सुरक्षित निवेश मानते हैं.

एक्सपर्ट्स कह रहे हैं कि कीमती धातुओं में गैप-अप ओपनिंग देखने को मिल सकती है. COMEX गोल्ड को अभी 5300 प्रति औंस के लेवल पर रेजिस्टेंस का सामना करना पड़ रहा है. अगर यह लेवल टूटता है, तो भारत में सोने की कीमतें लगभग 1,68,000 से 1,70,000 रुपये प्रति 10 ग्राम तक बढ़ सकती हैं.

क्यों सोना-चांदी है सेफ हेवन?

शनिवार को तेहरान में इजरायल के हमले ने दुनिया को चौंका दिया. इस दौरान तेहरान में लोगों ने जोरदार धमाका सुनने की बात कही. जब युद्ध या राजनीतिक तनाव से अस्थिरता बढ़ती है, तब निवेशक स्टॉक मार्केट या करेंसी के बजाय सोने और चांदी को चुनते हैं क्योंकि इन्हें सेफ-हेवन माना जाता है. ऐसा इसलिए क्योंकि जंग के माहौल में करेंसी के कमजोर होने का डर रहता है, कंपनियों के मुनाफे पर असर पड़ने से शेयर बाजार नीचे जा सकता है, लेकिन सोने की वास्तविक कीमत कभी जीरो नहीं होती है. सोने को हजारों सालों से संकट के समय का मुद्रा माना जाता रहा है. ऐसे में अनिश्चितता के समय लोग शेयर बाजार से पैसा निकालकर सोने-चांदी पर लगाते हैं. 

MCX पर सोने-चांदी का ट्रेंड

टेक्निकल नजरिए से देखें तो MCX गोल्ड 1,60,000 के लेवल से ऊपर मजबूती से टिका हुआ है और अपनी पिछली रेंज से बाहर निकल गया है. कीमतें अभी 1,62,000 के आसपास स्थिर हैं. एनालिस्ट का मानना ​​है कि अगर गोल्ड 1,60,000 से ऊपर बना रहता है, तो यह जल्द ही 1,63,500 से 1,65,000 की ओर बढ़ सकता है.

MCX सिल्वर में भी तेजी आई है और यह 2,80,000–2,85,000 रुपये की रेंज की ओर बढ़ रहा है. अगर यही ट्रेंड जारी रहता है और कीमतें जरूरी सपोर्ट लेवल से ऊपर रहती हैं, तो सिल्वर और बढ़कर 2,90,000–2,95,000 के आसपास पहुंच सकता है.

ये भी पढ़ें:

इजरायल-ईरान तनाव के बीच कच्चा तेल महंगा होने की आशंका, शेयर बाजार में बढ़ सकती है हलचल; जानिए डिटेल



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Why Trump shifted from caution to military action in Iran — explained

Why Trump shifted from caution to military action in Iran — explained


People hold U.S., Israeli flags and a poster of U.S. President Donald Trump during a rally against Iran’s ruling establishment in Los Angeles, California, U.S. February 28, 2026.
| Photo Credit:
REUTERS/Jill Connelly

With Saturday’s military operation against Iran, President Donald Trump demonstrated a dramatic evolution in risk tolerance, adjusting in just a matter of months how far he was willing to go in using American military might to confront Tehran’s clerical rule.

Guardrails were tossed aside, as Trump and Israeli Prime Minister Benjamin Netanyahu ordered up a battle plan that included targeted strikes on Iran’s leadership, including the 86-year-old Supreme Leader Ayatollah Ali Khamenei whose death Trump triumphantly announced in a social media post hours after launching the military operation.

For Trump, it was a far cry from where he stood just eight months ago. At Israel’s urging during its 12-day war with Iran last June, he agreed to deployB-2 bombers to pummel three key Iranian nuclear sites — but drew a bright red line when Israelis presented his administration with a plan for killing Khamenei.

The president peppered the supreme leader with thinly veiled threats back in June that he could have killed him if he wanted to. But he rejected the Israeli plan out of concern that it would destabilize the region.

That caution was set aside on Saturday with Trump announcing Khamenei had been killed, while the Israeli military announced it had taken out Iran’s defense minister and the commander of its Revolutionary Guard. Iran had not confirmed the Supreme Leader’s death as of Saturday evening.

Khamenei “was unable to avoid our Intelligence and Highly Sophisticated Tracking Systems and, working closely with Israel, there was not a thing he, or the other leaders that have been killed along with him, could do,” Trump said. “This is the single greatest chance for the Iranian people to take back their Country.”

Trump loses patience

Trump had pursued talks with Iran for months. Administration officials told reporters that they offered Iran many ways to have a peaceful nuclear program that could be used for civilian purposes, including an offer of free nuclear fuel in perpetuity.

But the officials, who were not authorized to comment publicly and spoke on condition of anonymity, said it was clear to them that Iran wanted enriched uranium for a nuclear weapon. One of them said that Iran has met their offers with “games, tricks, stall tactics.” The order to launch strikes came just two days after Trump dispatched his special envoys, Steve Witkoff and Jared Kushner, for another round of talks with Iranian officials. Middle East and European allies were urging the US administration to give negotiations more time as Trump signalled he was running out of patience.

“The consequences are likely to be as far-reaching as they are uncertain: Within the system that has held power for nearly five decades, between the government and a dissatisfied populace, and between Iran and its adversaries,” said Ali Vaez, Iran project director at the International Crisis Group. “And although the regime is weakened, a sense that this showdown is an all-or-nothing struggle for its very survival could lead it to respond with every tool still at its disposal.”

Revised risk calculation

Saturday’s strikes came after a series of past provocative actions against Iran that resulted in limited blowback, which seemed to inform Trump’s risk calculation, said Aaron David Miller, who served as an adviser on Middle East issues to Democratic and Republican administrations over two decades.

Trump in 2018 pulled out of the Iran nuclear deal negotiated by Democratic President Barack Obama’s administration. In 2020, Trump ordered a drone strike killing top Iranian Gen. Qassem Soleimani.

At the time, the killing of Soleimani, the head of Iran’s elite Quds Force, was arguably the most provocative U.S. military action in the Middle East since President George W. Bush launched the 2003 Iraq War to topple Saddam Hussein.

And then Trump this past June ordered the strikes on Iran’s nuclear facilities, which he claimed had “obliterated” their program.

“He did all of these things without cost or consequence to him,” said Miller, who is now a senior fellow at the Carnegie Endowment for International Peace.

Trump administration officials had publicly urged Tehran to give up its nuclear weapons and ballistic missile programs and end its backing of regional armed proxies. But administration officials said that Tehran would not engage on the missile and proxy concerns.

Iran’s rigidity, at a moment when its economy is in shambles weighed by decades of sanctions and its military battered by last year’s war, astounded Trump.

Even before the latest round of talks ended on Thursday, there were signs Trump was leaning toward military action.

On Tuesday, Trump in his State of the Union speech claimed that Iran has been building ballistic missiles that could reach the US homeland — a justification that he repeated again on Saturday as he announced the bombardment of Iran was underway.

Iran hasn’t acknowledged it is building or seeking to build intercontinental ballistic missiles. The US Defence Intelligence Agency, however, said in an unclassified report last year that Iran could develop a militarily viable intercontinental ballistic missile by 2035 “should Tehran decide to pursue the capability.” Secretary of State Marco Rubio told reporters on Wednesday that Iran’s refusal to speak to its ballistic missile program was a “big problem.” Rubio declined to address the DIA finding that Iran was still years away from developing a missile that could reach the United States.

And Vice President JD Vance, a former US Marine who served in Iraq and has been sceptical of US interventions, on Thursday told The Washington Post that Trump hadn’t decided whether to strike Iran. But he offered assurances that military action would not result in the United States becoming involved in a drawn-out conflict.

“The idea that we’re going to be in a Middle Eastern war for years with no end in sight — there is no chance that will happen,” Vance said.

By Friday, Trump was venting anew about Iran’s approach.

“ I’m not happy with the fact that they’re not willing to give us what we have to have,” Trump said. “I’m not thrilled with that. We’ll see what happens.” Senior US lawmakers were told early Saturday that the strikes were coming. Trump monitored the operation from his Mar-a-Lago resort in Palm Beach, Florida, with members of his national security team.

Published on March 1, 2026



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Preliminary report into Baramati crash flags poor visibility, no cause yet

Preliminary report into Baramati crash flags poor visibility, no cause yet


A preliminary report into the Learjet crash at Baramati Airport has flagged poor visibility as well as safety concerns at the airfield, while stopping short of assigning a final cause.

In its preliminary report, the Aircraft Accident Investigation Bureau (AAIB) said the aircraft was attempting to land under visual flight rules (VFR) — which require pilots to maintain visual reference with the runway — in reported visibility of 3 km.

However, the prescribed minimum visibility for VFR operations is 5 km.

Accordingly, the crash resulted in the deaths of all five on board, including two pilots, a cabin attendant, and two passengers — among them Maharashtra’s Deputy Chief Minister Ajit Pawar.

The preliminary report stated that the jet first approached Runway 11 and then initiated a go-around.

In technical parlance, a go-around means the pilot discontinues the landing approach and climbs away to attempt another landing.

Besides, the report cited that during the second approach, the crew reported the runway in sight and were cleared to land.

Meanwhile, seconds later, the report stated that a distress transmission was heard before the aircraft crashed approximately 50 metres to the left of Runway 11 near the threshold, striking trees and impacting terrain lower than the runway surface.

Notably, one of the key findings of the preliminary report relates to infrastructure and operational limitations at Baramati, which is an uncontrolled airfield without a certified meteorological facility or instrument landing systems.

Furthermore, the air traffic function is handled from temporary towers operated by flying training organisations.

Additionally, investigators noted faded runway markings, loose gravel on the runway surface, absence of a windsock on the Runway 11 side, lack of a perimeter boundary wall, and the absence of an in-house aircraft rescue and firefighting unit.

On the other hand, the aircraft and crew records reviewed by investigators so far indicated that the jet was airworthy, with valid certificates and no minimum equipment list (MEL) items pending.

The pilots were appropriately licensed and medically fit, and pre-flight breath analyser tests were negative.

In addition, the report mentioned that the Flight Data Recorder (FDR) data has been successfully downloaded and is under analysis.

But the Cockpit Voice Recorder (CVR), which sustained thermal damage, will be examined with assistance from the US National Transportation Safety Board.

Published on February 28, 2026



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Escalating conflict in West Asia threatens 2.6 mb/d of India’s crude oil imports

Escalating conflict in West Asia threatens 2.6 mb/d of India’s crude oil imports


FILE PHOTO: A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration.
| Photo Credit:
Dado Ruvic

The escalating conflict between Iran and the US, which is now spreading across West Asia, is fuelling fears of a blockade of the world’s most critical energy choke point — the Strait of Hormuz — threatening around 2.6 million barrels per day (mb/d) of India’s crude oil imports.

ICRA points out that roughly 50 per cent of India’s crude oil and 54 per cent of liquefied natural gas (LNG) imports were routed through the Strait of Hormuz in FY25.

Global real time data and analytics provider Kpler said: “A disruption at the Strait of Hormuz would have immediate and significant implications for both India and global oil markets, as roughly 2.6 mb/d of India’s crude imports transit the Strait, primarily from Iraq, Saudi Arabia, the UAE and Kuwait.”

Any blockade would likely trigger a sharp geopolitical risk premium, driving Brent prices higher even before physical shortages materialise, it added.

Refiners and trade sources said oil tankers are not entering the Straits of Hormuz currently fearing strikes. As tensions are escalating, more supplies might get re-routed, which would mean more war premium and a higher bill.

Sumit Ritolia, Kpler’s Lead Research Analyst for Refining & Modeling told businessline: “For India, this would translate into higher import costs, freight and insurance spikes, potential short-term supply tightness, and pressure on the rupee and fiscal balances. However, a prolonged full blockade remains a low-probability scenario given the economic dependence of Gulf producers, including Iran, on uninterrupted export revenues.”

Rising volatility is pushing up crude oil prices, which does not bode well for India’s energy import bill, especially at a time when the rupee is at its weakest against the US dollar.

Prashant Vasisht, Senior VP and Co-Group Head, Corporate Ratings at ICRA, said over the past few days, crude oil prices have risen from around $65 a barrel to $72-73 currently owing to the build-up of geo-political tensions in the region.

“For Indian refiners, crude oil could be sourced from alternate locations such as the US, Africa, South America, however elevated energy prices could lead to a soaring import bill. Additionally, elevated crude oil prices would moderate the marketing margins and profitability of oil marketing companies,” he warned.

Additionally, any attack on oil and gas production facilities of other major West Asian producers would further aggravate the situation, Vasisht added.

On alternate sources for India, Ritolia said diversification options include increased sourcing from Russia (via eastern routes or via the oil on water around India), the US, West Africa (Nigeria, Angola), and Latin America (Brazil, Colombia, Venezuela).

Published on February 28, 2026



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IMD predicts cooler daytime temperature in March after warmer February

IMD predicts cooler daytime temperature in March after warmer February


A person carrying a can of water, silhouetted against scattered clouds during sunrise in Gurugram, Haryana, on Saturday.
| Photo Credit:

India may have normal to a below normal ‘maximum’ temperature during March over many parts of the country, except North-East India and some other parts, while an above normal ‘minimum’ temperature is likely over most parts of the country, except some parts of north-west and southern regions.

Releasing the monthly forecast during an online press conference, India Meteorological Department (IMD) Director-General M Mohapatra said that maximum temperatures are likely to be normal to below normal over many parts of India, except north-east India, adjoining eastern states and some parts of western Himalayan, central and peninsular regions, where above normal maximum temperatures may be realised.

He said the minimum temperature is likely to be above normal over most parts of the country except some parts of north-west India, south peninsula and along east coast, where normal to below normal minimum temperatures are likely to be observed during March.

The IMD has also predicted an above-normal number of heatwave days over most parts of the country between March-May. This indicates more warmer days could be observed during April-May in particular, after factoring in a comparatively cooler March.

Mohapatra said there is a possibility of normal to above-normal rainfall over many parts of the country (except north-east and some parts of north-west and east-central India), this may have an impact on the day (maximum) temperature not rising much in March.

West Rajasthan, Gujarat, Haryana, Punjab, south and east Maharashtra, east Uttar Pradesh, Bihar, Jharkhand, Gangetic West Bengal, Odisha, Chhattisgarh, Telangana, Andhra Pradesh, and parts of north Karnataka and north Tamil Nadu have been predicted to receive above-normal heatwave days.

The IMD’s DG also said that rainfall all over India in February this year was the lowest since 2001, and the third lowest since 1901. “No cold wave was recorded across the country during February,” he said.

Further, IMD said that rainfall over the ‘east and north-east’ meteorological sub-division (at 2.6 mm) was the second lowest since 1901; similarly, the north-west region (at 5.9 mm) was the third lowest since 1901. The rainfall in February in both these regions was the lowest since 2001, it added.

Mohapatra said higher day and night temperatures were observed on many days in the second fortnight of February. “ The day temperature was 5-8ºC above normal, with maximum temperatures in the range of 30-37 degree Celsius over parts of Gujarat, Rajasthan and coastal Karnataka during February 13-15 and again during February 25-27.

Published on February 28, 2026



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