All stories by BS Reporter
RBI Warns Use Of CBDC As Crisis Safe Haven
Rediff.com14 Aug 2024'The impact of CBDC on deposits and deposit insurance is largely unknown.'
Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs
Rediff.com26 Apr 2024Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.
Is Technology Important In Banking?
Rediff.com14 Mar 2024'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
'Strong growth in electric vehicles has slowed down a bit'
Rediff.com13 Mar 2024'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
What PhonePe did differently from Paytm
Rediff.com12 Mar 2024'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
After multiple attacks, China hires private agency to secure assets overseas
Rediff.com28 Dec 2023This may be in line with Russia's private military company, Wagner Group, which was controlled until 2023 by Yevgeny Prigozhin, a former close ally of Russia's president Vladimir Putin. The group used the infrastructure of the Russian Armed Forces.
India In 2023: 'Looking Like A Wow'
Rediff.com27 Dec 2023'An important dimension that shone through was the enormous pride in India, a general belief that as Indians we are starting to count globally and we are at the forefront of the world.'
CRISIL Ratings places Vedanta under watch with negative implications
Rediff.com6 Oct 2023CRISIL Ratings on Thursday placed the long-term bank facilities and debt instruments of Vedanta Limited under 'rating watch with negative implications', the agency said in a press statement. CRISIL said the ratings may also be downgraded if Vedanta is not able to bring down its end-of-year financial leverage to below 2.7 times through asset monetisation, which is to be completed by December this year.
Demand for frontline jobs decreased by 17.5% in FY23
Rediff.com25 Sep 2023Having seen a rapid growth in demand for frontline workers in FY22 with the economy opening up, the growth seems to have muted in FY23 due to macroeconomic challenges. According to BetterPlace's Frontline Index Report, total demand for frontline jobs decreased by 17.5 per cent. In FY23, 6.6 million frontline jobs were created in India as compared to 8 million in FY22.
Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023
Rediff.com6 Sep 2023Mukesh Ambani, the patriarch of Reliance Industries (RIL), and Gautam Adani, the chairman of Adani Group of companies, have secured the top positions on the Fortune India Rich List, created in partnership with Waterfield Advisors, with respective wealth of $99.7 billion and $63.71 billion. With a wealth of $34.6 billion, the Mistry family of Shapoorji Pallonji Group holds the third position on the list, while the Poonawalla family, owners of vaccine maker Serum Institute, with a wealth of $32.9 billion, stands fourth. Stockbroker and founder of D-Mart-branded grocery stores, Radhakishan Damani, claims the fifth spot on the India Rich List with a wealth of $23.4 billion
Infosys rolls out 80% average variable payout for Q1
Rediff.com24 Aug 2023Bengaluru-based Infosys has announced that 80 per cent of the variable pay will be distributed to eligible employees for the quarter ending June 30, according to media reports. This amount will be included with the August month's salary. In contrast, Infosys had paid out 60 per cent of the variable pay in the fourth quarter of financial year FY23.
Surat bourse pips Pentagon as the world's largest office building
Rediff.com19 Jul 2023A newly opened building in the diamond hub of Surat in Gujarat has surpassed the Pentagon as the world's largest office building, according to a report in CNN. Surat Diamond Bourse, billed as a "one-stop destination" for over 65,000 diamond professionals, including cutters, polishers and traders, will welcome its first occupants in November, the report said. It features a succession of nine rectangular structures spilling out from - and interconnected via - a central "spine", and the sprawling 15-storey complex has been built across more than 35 acres.
27% MPs Have Studied Up To Class 12
Rediff.com26 Jun 2023The 17th Lok Sabha has 12 per cent of its members below the age of 40. This is more than the 16th Lok Sabha, which had 8 per cent of MPs below the age of 40.
28 Assemblies Met For 21 Days In 2022
Rediff.com19 Jun 2023Kerala had the highest number of average sitting days at 48 days a year, followed by Odisha (41) and Karnataka (35).
Shares of Zomato rise above their IPO price after more than a year
Rediff.com9 Jun 2023Shares of online food delivery aggregator Zomato rose above their initial public offering price after more than a year. The stock hit an intraday high of Rs 76.3 per share before settling at Rs 75.8. The company had priced its shares at Rs 76 during Rs 9,375-crore IPO in July 2021.
Bank Nifty hits a new high on strong Q4 show by most lenders, FPI buying
Rediff.com7 Jun 2023Continuing buying interest across the pack helped the Bank Nifty index improve its new high on Tuesday (May 30). The index of banking stocks ended Tuesday's session at 44,436, a gain of 124 points or 0.3 per cent. On Monday (May 29), Bank Nifty hit a new high after a gap of 166 days.
Modi @ 9: Markets return in line with long-term trend
Rediff.com2 Jun 2023Improvement in financial savings channelised massive inflows into the equities market through the mutual fund route.
Realty stocks soar on Sebi proposal to formalise fractional ownership
Rediff.com23 May 2023The BSE Realty index on Monday soared 4.3 per cent-most among the 19-sectoral sub-indices-buoyed by the proposal to formalise fractional ownership of real estate in the country. The Securities and Exchange Board of India (Sebi) on Friday issued a discussion paper proposing to regulate online platforms offering fractional ownership in real estate, a model already popular in countries such as the United States and UAE.
Infosys down 10% in one month
Rediff.com15 Mar 2023Shares of Infosys hit a five-month low of Rs 1,419.60, down 1 per cent on the BSE in Tuesday's intra-day trade. The stock was quoting at its lowest level since October 10, 2022. In past two days, the stock of information technology (IT) bellwether was down 4 per cent after the company on Saturday informed to the stock exchanges that Mohit Joshi, president of the company has resigned effective March 11, 2023. Mohit Joshi will be on leave thereafter and his last date for the company would be June 9, 2023, Infosys said in an exchange filing.
No updated tax returns after facing searches by I-T department
Rediff.com11 Feb 2023Persons and entities who have faced search or survey proceedings by the income tax department "in any previous year" will no longer be allowed to file updated tax returns. Earlier, it was proposed that an updated tax return cannot be filed, in case of search or survey proceedings in the relevant financial year and the preceding one.