The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Indian Army on Sunday extended condolences to the family of Tashi Namgyal, the Ladakhi shepherd who is credited with alerting Indian troops about Pakistani infiltration during the 1999 Kargil conflict.
The Indian Army has increased its operational footprint in the Jammu region, including the strategic occupation of the upper reaches of the Pir Panjal range, a senior officer said. The army is playing a pivotal role in military-civilian coordination in creating a stable environment in the region, the officer said, adding that the force will continue its efforts to promote peace, security, and development in the area.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday's intra-day trade after a sharp correction in the equity markets.
FLEXI Show will give the audience the freedom to leave the movie hall at any point while paying only for the time they watched it.
The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
'We have to retain some fiscal headroom without compromising on the promised fiscal consolidation roadmap.'
Fugitive businessman Vijay Mallya has said that he will pursue relief for the Enforcement Directorate and banks taking more than two times the debt he owed. His remarks came following a statement by Finance Minister Nirmala Sitharaman in Parliament about recovery of over Rs 14,130 crore from his attached assets.
Every year has its share of duds and turkeys. 2024 was no different except that even the rotten ones are too drab to have any real offence value.
Ravichandran Ashwin returned home on Thursday after his shock international retirement in the middle of a Test series in Australia
The Ahmedabad Civil Hospital has ordered a probe after a video of an occultist performing a ritual on an ICU patient went viral. The occultist, who identified himself as Mukesh Bhuva, claimed credit for the patient's treatment in the video. The hospital's medical superintendent, Dr Rakesh Joshi, urged people not to believe the occultist's claims and said the incident is being investigated. The hospital is reviewing CCTV footage to determine how the occultist entered the ICU. The incident has sparked outrage, with rationalist Jayant Pandya calling for immediate action against those responsible.
Rohit Sharma hailed the resilience of the lower-order batters after his team managed to salvage a crucial draw in the rain-hit third Test against Australia in Brisbane
Bad loans in the peer-to-peer (P2P) lending industry more than doubled in financial year 2024 (FY24) to Rs 1,163 crore from Rs 472.1 crore in FY23, said a financial services company on Monday. Non-performing assets (NPAs), as such loans are officially called, were a modest Rs 14.7 crore at the end of FY19 when P2P lending was in its nascent stage, according to Capitalmind Financial Services that accessed data from the Reserve Bank of India (RBI) through a right to information application.
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.
Manipur Chief Minister N Biren Singh has accused "some agencies with vested interests" of misleading the Centre about the ongoing crisis in the state, calling it an attempt to destabilize Manipur. He emphasized the need for unity among Manipuris and criticized the 2005 Suspension of Operations (SOO) agreement, blaming it for the current unrest. Singh also condemned the recent killing of two non-Manipuris, calling it a politically motivated move to create an atmosphere of fear.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
D Gukesh credited mental conditioning coach Paddy Upton for helping him tame the 'emotional pressure' of competing at the World Chess Championship.
Jasprit Bumrah revealed that Mohammed Siraj has been bowling with a niggle and praised him for fighting through pain.
Tabla maestro Ustad Zakir Hussain died at a hospital in San Francisco, his family said on Monday.
Australia's senior batter Steve Smith said the last three years have been the most challenging because of Kookaburra changing their ball in 2020.
Assam's first Arjuna Awardee sprinter Bhogeswar Baruah has criticised the state government's sports policy, saying it is not taking enough initiatives to identify and nurture talent in rural areas.
Wedding planner WedMeGood estimates that the average wedding budget has surged to Rs 36.5 lakh this year, with destination weddings averaging Rs 51 lakh.
'I spoke to Paddy, and I made some changes.' 'After that, I slept well in the last two days -- at least eight hours each day.' 'So, I was fresh in the games. Sleep is very important.'
'...to think apna time aa gaya after the 2024 election.'
Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.
The many episodes in which the characters quarrel, sulk and rehearse would have been boring were it not for the music, observes Deepa Gahlot.
Odisha FC overcame East Bengal FC 2-1 in Kolkata on Thursday to extend their unbeaten streak in this Indian Super League season to five games.
D Gukesh reflects on his historic world chess championship victory
Aam Aadmi Party supremo Arvind Kejriwal on Thursday announced the launch of the Mukhya Mantri Mahila Samman Yojna to give a monthly assistance of Rs 1,000 to women in Delhi, and promised the amount would be raised to Rs 2,100 after the elections.
'Imagine having a conversation with your parents, where you say, "I want to break up with someone because he's bad in bed".'
Sukanya Verma quizzes you to find out just how much you know about the movies.
Australia legend Ricky Ponting believes a cheeky comment from India opener Yashasvi Jaiswal may have ignited Mitchell Starc's career-best performance during the second Test in Adelaide.
Do not underestimate the ingenuity of the Deep State in America to have its way. Keeping the guard down will be a catastrophic mistake on the part of the Delhi establishment. We could get hit when least expected. That's what happened in Bangladesh and Syria, warns Ambassador M K Bhadrakumar.
'If Gukesh wins, he has to survive in Game 14.' 'But if Liren wins, then it will be game over for Gukesh.'
'What I hope to do is provide a vehicle for that scale and growth in literacy and English as a second language here.'
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
'It didn't work at the box office. It was a very ridiculed film. But it kind of prepared me very early on about what this industry is like, what it's like to be an actor -- the highs and lows.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
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