UAE freezes Desi Bling star's assets
INDIA NEWS | Sat, 1 Aug 2026, 11:51PM IST
Mumbai: The UAE anti-money laundering agency Financial Intelligence Unit (FIU) is understood to have asked banks, financial institutions, and virtual asset service providers (VASPs) in the Emirates to put a temporary freeze on the accounts of Satish Sanpal, the 41-year-old Dubai-based Indian-origin businessman who stars in the Netflix docusoap series 'Desi Bling' that shows the lavish lifestyle of Sanpal and his wife Tabinda.Besides the financial services accounts and digital wallets of Satish, the FIU freezing order, issued about a fortnight ago, extends to accounts of Tabinda and companies linked to Sanpals."...you are immediately requested to freeze any funds or accounts or deposits or investments and deny access to the safe deposit boxes, and stop any financial transfers or withdrawals and inform us of any credit facilities belonging to the below mentioned names.." said the FIU communique.132795452The business entities covered in the notice are ANAX Capital Asset Management Company, ANAX Capital Financial Markets LLC, ANAX Holding FZCO, and SSB Bazaar General Trading LLC. SSB, which is said to deal in precious stones, was formed in 2015, and the other three entities were incorporated between 2023 and 2024.Once the freeze is executed and Sanpals are informed about the FIU directive, financial institutions and VASPs have to ask the account owners to provide documents that prove transaction legitimacy and lawful origin of funds.The inclusion of VASPs in the notice assumes significance given the legal acceptance and wide use of cryptocurrencies in UAE -- covering even transactions like property deals. VASPs include crypto exchanges, wallet providers, and entities offering trading, transferring, or digital asset safekeeping.The banks and VASPs will have to cancel the freeze after 30 days from the receipt of the notice if they do not receive any instruction from FIU to extend the freeze.Under UAE anti-money laundering legislation and recent frameworks like UAE FIU Regulation No (1) of 2026, financial institutions as well as VASPs are designated "reporting entities" obligated to share information and comply with FIU orders.A school dropout from Jabalpur who claims to have made big in Dubai, Sanpal has till now denied various media allegations about his activities and transactions. In May the Delhi High Court had said that media had "prematurely labelled" him as a culprit though the official investigation was not over.Sanpal could not be contacted for the story. ET's email and messages on his social media accounts did not elicit any response till the time of going to Press. It could not be determined whether he was in UAE.Interestingly, in the FIU notice, Satish's nationality is mentioned as Vanuatu - a South Pacific island nation that in the last few years has emerged as the quickest and cheapest route to switch citizenship and grab a new passport. Tabinda, 39, however, has a UK nationality, according to the notice.The nature of the information that the FIU may be possessing is not known, and under the UAE law, extending the freezing order beyond 30 days require an explicit order from the Attorney General. The need to wait for information from other jurisdictions and foreign FIUs can be cited as one of the reasons for extension.However, during the 30 days which ends around mid-August, banks and VSPs can only allow deposit of funds in any form (cash, money transfers, cheques etc) without letting any withdrawal or transfer. Indeed, withdrawal of cryptocurrencies and moving them to private wallets held in other countries is often seen as an easy may to move money across borders, bypassing banking channels.
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Jackson Labs' Baddi drug manufacturing licence restored after suspension
INDIA BUSINESS | Sat, 1 Aug 2026, 11:36PM IST
The unit's licence was cancelled in June after several women in Kota, Rajasthan, died allegedly due to spurious oxytocin injections supplied by the company's Punjab unit.
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Coal India's July production up 8.4% to 50.36 MT, supplies hit record high
INDIA BUSINESS | Sat, 1 Aug 2026, 11:31PM IST
The coal supplied in July marks the highest-ever coal offtake for the month in any financial year. The previous highest July supply was 60.5 million tonnes in 2024. This follows a record performance in June, when the state-run miner supplied 65.95 million tonnes of coal, its highest-ever supply for June.
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Odisha govt clears Bill to create economic region development authorities
INDIA NEWS | Sat, 1 Aug 2026, 11:21PM IST
The Odisha Cabinet approved amendments to the ODA Act to enable Economic Region Development Authorities, with the Bhubaneswar-Cuttack-Puri-Paradeep region set to become the first ERDA
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INDIA MARKET | Sat, 1 Aug 2026, 11:00PM IST
Celebrate the beautiful bond of friendship with heartfelt wishes and memories this Friendship Day 2026.
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1h
Assam CM Rolls Out Flood Relief With Tax Waiver, Loan Moratorium, Faster Insurance Claims
INDIA MARKET | Sat, 1 Aug 2026, 10:55PM IST
Volunteers carry relief kits to flood-affected families at a temporary shelter, in Upper Assam.
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1h
Spider-Man: Brand New Day Heads for $875 Million Opening at Global Box Office
GLOBAL NEWS | Sat, 1 Aug 2026, 10:50PM IST
The movie, the 11th big-budget Spider-Man movie since 2002, was on pace to have one of the biggest domestic first weekends ever.
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Spider-Man Heads for $875 Million Global Opening, Defying Superhero Slump
GLOBAL NEWS | Sat, 1 Aug 2026, 10:50PM IST
The movie, the 11th big-budget Spider-Man movie since 2002, was on pace to have one of the biggest domestic first weekends ever.
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Q1 Results Highlights: Divi's Labs Profit Up 65%, CDSL Profit Rises 14%
INDIA MARKET | Sat, 1 Aug 2026, 10:44PM IST
Divi's Labs, Muthoot Finance, CDSL and 30+ firms announce June quarter results, guidance and key updates.
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1h
CBI Registers FIR Against Anil Ambani Over Wrongful Loss Of Over Rs 1,800 Crore, Alleges EPFO Fraud
INDIA MARKET | Sat, 1 Aug 2026, 10:17PM IST
The FIR against Anil Ambani included offences such as criminal conspiracy, cheating, and more.
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2h
iPhone 18 Pro Launch: Expected Release Date, Camera Features And Major Leaks Explained
INDIA MARKET | Sat, 1 Aug 2026, 10:07PM IST
launching the iPhone 18 Pro, Pro Max and its first foldable iPhone in September 2026
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2h
INDIA MARKET | Sat, 1 Aug 2026, 10:00PM IST
Mikel Arteta begins Arsenal's Premier League title defence with the Gunners' opening pre-season friendly against Girona.
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2h
iPhone 18 Pro Release Date: What Leaks Reveal About Price, Camera, Display, Chip And More
INDIA MARKET | Sat, 1 Aug 2026, 9:58PM IST
Leaked drop-test footage shows the iPhone 18 Pro Max in a new silver colourway
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2h
INDIA MARKET | Sat, 1 Aug 2026, 9:51PM IST
Celebrate Friendship Day 2026 with 90+ heartfelt wishes
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2h
ITR Filing Deadline: No Update On Extension; What Taxpayers Who Missed Filing Must Know
INDIA MARKET | Sat, 1 Aug 2026, 9:50PM IST
The Income Tax Department has not issued any notification extending the July 31 deadline.
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2h
Zepto Completes Pre-IPO Equity Placement Ahead Of Planned Listing
INDIA MARKET | Sat, 1 Aug 2026, 9:39PM IST
Quick-commerce firm says fresh capital strengthens its balance sheet as it prepares updated financial disclosures ahead of a planned IPO.
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2h
OpenAI Discovers More AI Agent Containment Breaches During Hacking Probe: Report
INDIA MARKET | Sat, 1 Aug 2026, 9:29PM IST
OpenAI Uncovers More Rogue AI Agent Escapes
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2h
Poco M8 Power India Launch: Expected Price, Specifications And More
INDIA MARKET | Sat, 1 Aug 2026, 9:23PM IST
Poco M8 Power Launching In India On August 4
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3h
Khatron Ke Khiladi 15: Shagun Sharma Reveals Why She Never Wants To Meet Gaurav Khanna Again
INDIA MARKET | Sat, 1 Aug 2026, 9:19PM IST
Shagun Sharma alleges Gaurav Khanna bullied her during the Khatron Ke Khiladi 15 shoot.
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3h
Zepto seals pre-IPO fundraise, defers listing to focus on execution
INDIA MARKET | Sat, 1 Aug 2026, 8:59PM IST
Quick-commerce major Zepto on Saturday said that it has reached an agreement with major shareholders to close a pre-IPO private placement of equity ahead of its planned stock market listing to strengthen its balance sheet.
The company stated that the fresh financing will add to its existing cash reserve of Rs 5,681 crore. As of March 31, 2026, the firm reported having zero debt.
"As part of the IPO process, the Board and Founders have received terms from public market investors to list the company and are appreciative of the expressed interest. However, at this time, and afforded by the company's strong balance sheet, Zepto will focus on continued execution.
"The company will update its DRHP filing for the operating results and financials in the coming quarters and intends to list within the timeframe provided by SEBI for its approved UDRHP," Zepto said.
Zepto is set to raise funds at a valuation of around USD 4.5 billion (around Rs 42,925 crore). This capital infusion is expected
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3h
Sun Pharma recalls eye drops in India after contamination scare
INDIA BUSINESS | Sat, 1 Aug 2026, 8:49PM IST
"Withdrawal of Product - Depopred2ML, Brinolar (BKC FREE), Brinzotim Eye Drops 5ML BKC FREE, Lotepred-5ML, Lotepred 1% Eye Drops SML, Lotepred LS 0.2%E/D5ML, Lotepred T, Nepalact OD Eye Drops 3ML, Nepalact-Z, Toba-F & Nepalact E/D 5ML."
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3h
Raymond Lifestyle Q1 result: Loss widens to 22.6 crore; revenue up 6%
INDIA BUSINESS | Sat, 1 Aug 2026, 8:42PM IST
Raymond Lifestyle has reported widening of its consolidated loss to Rs 22.59 crore for the June quarter of 2026-27 against Rs 19.82 crore in the same period of the last year.
Its revenue from operations rose by 6 per cent to Rs 1,515.51 crore in the June quarter compared to Rs 1,430.43 crore in the year-ago period, , according to a regulatory filing from Raymond Lifestyle, a Raymond Group firm.
"This performance was led by premiumization in the domestic business and significant volume recovery in the Garmenting business, buoyed by the US-India Tariff rationalisation and the implementation of UK FTA, resulting in a robust order book," said Raymond Lifestyle in its earning statement.
Revenue of Branded Textile and High Value cotton shirting segment was lower compared to the previous year due to a base effect.
Total expenses of Raymond Lifestyle were up 6 per cent to Rs 1,598.60 crore in the June quarter.
Its total income was at Rs 1,560.27 crore, up 5.78 per cent during the ...
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3h
Muthoot Finance Q1 result: Profit jumps 43% to 2,825 crore, names new MD
INDIA BUSINESS | Sat, 1 Aug 2026, 8:37PM IST
Gold loan NBFC Muthoot Finance on Saturday reported a 43 per cent increase in its consolidated profit to Rs 2,825 crore for the first quarter ended June 2026.
The company had posted a profit of Rs 1,974 crore in the corresponding quarter of the previous year.
Total income rose to Rs 8,695 crore for the quarter under review from Rs 6,485 crore in the April-June quarter of FY26, Muthoot Finance said in a regulatory filing.
At the same time, total expenses increased to Rs 4,898 crore as against Rs 3,812 crore reported in the first quarter of the previous financial year.
The company's loan assets under management increased 43 per cent to Rs 191,532 crore as against Rs 1,33,938 crore last year in the same period.
The board in its meeting also recommended the appointment of Alexander George as the managing director of the company, effective October 1, 2026.
The appointment is subject to approval of the shareholders in the upcoming AGM of the company, it said. The board also cleared the
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3h
Rs 30/Litre Saved: Govt Says E20 Petrol Cushioned Consumers During Crude Spike
INDIA MARKET | Sat, 1 Aug 2026, 8:16PM IST
The government defended E20, saying ethanol blending helped shield consumers from oil price volatility.
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4h
Suzuki Motorcycle India sales up 26pc at 1,42,985 units in July
INDIA BUSINESS | Sat, 1 Aug 2026, 8:11PM IST
The company had sold 1,13,600 units in July 2025, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement. Domestic sales were at a record 1,23,216 units last month, up 28 per cent from 96,029 units in July 2025, it added.
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4h
India-China Border Trade Via Shipki La Resumes After Six Years, Reviving Ancient Silk Route
INDIA MARKET | Sat, 1 Aug 2026, 8:07PM IST
The reopening of the Shipki La route marks the restoration of one of the historic trade links between India and Tibet after six years.
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4h
Hero MotoCorp July sales up 18.6% at 5,33,416 units
INDIA BUSINESS | Sat, 1 Aug 2026, 8:07PM IST
Hero MotoCorp saw total sales increase by 18.6 percent in July 2026. Domestic sales rose 21.6 percent, reaching 501,403 units last month. Motorcycle sales grew significantly, while scooter sales also experienced an upward trend. Exports, however, declined by 14.3 percent compared to the previous year. The company sold 533,416 units in total during July 2026.
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4h
INDIA MARKET | Sat, 1 Aug 2026, 8:01PM IST
The Odyssey stars Matt Damon, Anne Hathaway, Tom Holland, Robert Pattinson, Zendaya, Charlize Theron, and Lupita Nyong'o.
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4h
Real Madrid vs Fiorentina: Where To Watch Live Streaming In India, Predicted XI And Match Details
INDIA MARKET | Sat, 1 Aug 2026, 8:00PM IST
Jos Mourinho begins his second spell as Real Madrid head coach as Los Blancos open their pre-season campaign against Fiorentina.
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4h
UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactions
INDIA BUSINESS | Sat, 1 Aug 2026, 7:58PM IST
UPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during the same month. This growth solidifies UPI's position as India's preferred digital payment method. UPI has expanded its operations to nearly ten international nations.
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INDIA MARKET | Sat, 1 Aug 2026, 7:57PM IST
Jana Nayagan marks the final film of Tamil Nadu Chief Minister Vijay.
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4h
CBI books Anil Ambani, Reliance Capital over 1,816 crore EPFO loss
INDIA BUSINESS | Sat, 1 Aug 2026, 7:53PM IST
The CBI has registered an FIR against Reliance Capital Limited (RCL) and its former chairman Anil D Ambani for allegedly causing a loss of Rs 1,816.22 crore to the EPFO, officials said on Saturday.
Ambani, however, denied any wrongdoing, according to a statement issued by his spokesperson.
The action follows a July 21 complaint from the Union Ministry of Labour and Employment alleging commission of offences of cheating, criminal conspiracy and causing wrongful loss to the Employees' Provident Fund Organisation (EPFO), the officials said.
"The present complaint is being lodged on behalf of EPFO through its authorised officer pursuant to the approval of the competent authority in relation to the substantial loss suffered by the EPFO arising out of its investment in the secured Non-Convertible Debentures issued by Reliance Capital Limited and the subsequently discovered material indicating fraudulent conduct connected with such investment," the complaint alleged.
Responding to the ...
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4h
INDIA MARKET | Sat, 1 Aug 2026, 7:51PM IST
Spider-Man: Brand New Day released July 30, 2026 in India.
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4h
July Auto Sales: Who Sold The Most Vehicles? From Maruti, Hyundai To Atul Auto, Here's The List
INDIA MARKET | Sat, 1 Aug 2026, 7:50PM IST
Hyundai, Tata Motors, Maruti Suzuki, Mahindra, Atul Auto and Eicher Motors were among the companies.
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4h
Salman Khan Reportedly Takes Massive Pay Cut For Vamshi Paidipally's SVC63. Here's Why
INDIA MARKET | Sat, 1 Aug 2026, 7:46PM IST
Salman Khan is reportedly charging Rs 70 crore for SVC63, a cut from his usual Rs 120 crore fee.
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4h
Hero MotoCorp, Suzuki Motorcycle India report strong sales growth in July
INDIA BUSINESS | Sat, 1 Aug 2026, 7:41PM IST
Two-wheeler market leader Hero MotoCorp on Saturday reported an 18.6 per cent rise in total sales at 5,33,416 units in July 2026 as compared to 4,49,755 units in the same month last year.
Domestic sales were at 5,01,403 units last month as compared to 4,12,397 units in July 2025, up 21.6 per cent, Hero MotoCorp said in a statement.
Motorcycle sales were at 4,68,565 units last month as against 4,00,615 units in July 2025. Scooter sales were also higher at 64,851 units as against 49,140 units in the year-ago month.
Exports were down 14.3 per cent at 32,013 units as against 37,358 units in the year-ago month, it added.
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4h
Railways Recommend Premature Retirement Of These Officers. Here's Why
INDIA MARKET | Sat, 1 Aug 2026, 7:27PM IST
The Ministry said that Indian Railways follows a zero-tolerance policy towards corruption, lack of integrity and inefficiency.
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5h
Vodafone Idea Gets Rs 26.83 Crore DoT Notice For Alleged Spectrum Rollout Default
INDIA MARKET | Sat, 1 Aug 2026, 7:16PM IST
Vodafone Idea said it is reviewing the notice received on Friday (July 31) and evaluating next steps.
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