Search results for ' Finance'

Why have thousands of kindergartens shut down in China?

Why have thousands of kindergartens shut down in China?

Rediff.com27 Oct 2024

In 2023, the number of kindergartens fell by 14,808 to 274,400, the annual report by the Chinese education ministry stated. It is the second consecutive annual decline in the latest indicator of China's falling birth rates.

'Kamala Has A Very Strong Connect With India'

'Kamala Has A Very Strong Connect With India'

Rediff.com6 Nov 2024

'This victory would mean a huge inspiration for the next generation who can say that coming from India I can be anybody I want to be if I work hard and acquire the right skills.' 'They could be the next President, members of the Senate, or another Sundar Pichai.'

Can't accept FDI blindly, need safeguards: Sitharaman

Can't accept FDI blindly, need safeguards: Sitharaman

Rediff.com24 Oct 2024

India will place restrictions on foreign direct investment (FDI) in the national interest to ensure safeguards because of its location in a highly sensitive neighbourhood, Finance Minister Nirmala Sitharaman said during an interactive session at the Wharton Business School in the US on Tuesday. "I cannot blindly accept FDI simply because we need investment, unmindful of where it is coming from. "We want business, we want investment, but we also need some safeguards, because India is located in a neighbourhood that is very, very sensitive," Sitharaman said.

Sensex drops 138 points on foreign fund outflow

Sensex drops 138 points on foreign fund outflow

Rediff.com23 Oct 2024

Sensex drops 138 points on foreign fund outflow

Markets tumble over 1%; Sensex sinks 931 points

Markets tumble over 1%; Sensex sinks 931 points

Rediff.com22 Oct 2024

From the 30 Sensex pack, Mahindra & Mahindra, State Bank of India, Power Grid, Tata Steel, IndusInd Bank, Tata Motors, Larsen & Toubro, NTPC, Bajaj Finance and Reliance were among the biggest laggards.

Private banks leading AI adoption in banking services, says RBI study

Private banks leading AI adoption in banking services, says RBI study

Rediff.com22 Oct 2024

Private sector banks in India are taking the lead in the adoption of Artificial Intelligence (AI) in areas like fraud detection, customer segmentation, and chat automation, according to a Reserve Bank of India (RBI) study. The asset size and capital adequacy ratio are influencing the rate of adoption.

Bibek Debroy: A Guru I Could Look To

Bibek Debroy: A Guru I Could Look To

Rediff.com2 Nov 2024

Bibek Debroy was one of the very few economists not bound by any single area of expertise and was simultaneously curious about economics and politics, myths and maths, chess and chemistry, and what not, remembers Laveesh Bhandari.

RBI lifts restrictions on JM Financial

RBI lifts restrictions on JM Financial

Rediff.com19 Oct 2024

JM Financial on Friday said the Reserve Bank of India has lifted restrictions imposed on its subsidiary JM Financial Products Ltd with regard to financing against shares and debentures. "We wish to inform you that the RBI, vide its letter dated October 18, 2024, has lifted the restrictions imposed by it on the company (JM Financial Products Ltd) through its order dated March 5, 2024," JM Financial said in a regulatory filing.

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

Rediff.com24 Oct 2024

Buch, under a cloud over allegations of conflict of interest levelled by United States-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.

Sensex, Nifty pare gains; end in red

Sensex, Nifty pare gains; end in red

Rediff.com21 Oct 2024

Bajaj Finserv, IndusInd Bank, Adani Ports, UltraTech Cement, Bajaj Finance, Tata Consultancy Services, Infosys, Bharti Airtel, Hindustan Unilever and JSW Steel were the other big laggards.

Terrorism common threat, need decisive measures to counter it: BRICS leaders

Terrorism common threat, need decisive measures to counter it: BRICS leaders

Rediff.com23 Oct 2024

In a joint declaration issued after the 16th BRICS Summit in the Russian city of Kazan attended by Prime Minister Narendra Modi and Chinese President Xi Jinping, among others, the leaders reiterated unequivocal condemnation of terrorism in all its forms and manifestations while reaffirming that it should not be associated with any religion, nationality, civilisation or ethnic group.

How the markets will fare this week

How the markets will fare this week

Rediff.com20 Oct 2024

Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.

Use or threat of use of nukes unacceptable: India, Germany on Ukraine war

Use or threat of use of nukes unacceptable: India, Germany on Ukraine war

Rediff.com26 Oct 2024

The leaders also noted the "negative impacts" of the war in Ukraine with regard to global food and energy security, especially for developing and least-developed countries.

World Savings Day: Your Career Is Your BIGGEST Saving!

World Savings Day: Your Career Is Your BIGGEST Saving!

Rediff.com30 Oct 2024

The best way to achieve financial security isn't by cutting out every vada pav or limiting yourself to home-cooked meals; it's by making yourself indispensable at work, says Vatsal Ramaiya.

I-bankers earn record Rs 493 crore from Hyundai IPO

I-bankers earn record Rs 493 crore from Hyundai IPO

Rediff.com21 Oct 2024

Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.

India supports dialogue, not war: Modi at BRICS Summit

India supports dialogue, not war: Modi at BRICS Summit

Rediff.com24 Oct 2024

India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.

GST rates on host of goods rejigged

GST rates on host of goods rejigged

Rediff.com19 Oct 2024

Term life insurance policies, and senior citizens' health insurance premium are likely to be exempted from GST as most members of a state ministerial panel favoured cutting taxes to benefit the common man, an official said on Saturday. The GoM to decide on GST on health and life insurance premiums in its meeting on Saturday decided to exempt GST on premiums paid by individuals, other than senior citizens, for health insurance with coverage of up to Rs 5 lakh. However, 18 per cent GST will continue to be levied for health insurance cover of over Rs 5 lakh.

What's Holding Up Candidate Lists In Maharashtra?

What's Holding Up Candidate Lists In Maharashtra?

Rediff.com22 Oct 2024

The strains are telling as old friends and new enemies face each other in the battlefield.

5 held for providing firearms, logistic support to Siddique shooters

5 held for providing firearms, logistic support to Siddique shooters

Rediff.com18 Oct 2024

The total number of arrests in the sensational case now stands at nine, while three key persons are on the run.

PFI wanted to create Islamic movement, start civil war in India: ED

PFI wanted to create Islamic movement, start civil war in India: ED

Rediff.com18 Oct 2024

The federal agency issued a statement, saying it has attached fresh assets worth more than Rs 35 crore that are "beneficially-owned and controlled" by the PFI "in the name of various trusts, companies and individuals" as part of its ongoing probe against the outfit and entities linked to it.

Maharashtra Oppn questions short 35-day runup to elections

Maharashtra Oppn questions short 35-day runup to elections

Rediff.com15 Oct 2024

Lok Sabha polls held over 5 phases so why hold assembly elections in single phase, asks Oppn.

Sensex, Nifty close lower on selling in Reliance, spike in retail inflation

Sensex, Nifty close lower on selling in Reliance, spike in retail inflation

Rediff.com15 Oct 2024

From the 30 Sensex firms, Bajaj Finance, Reliance Industries, Tata Steel, JSW Steel, Tech Mahindra, Tata Motors, Kotak Mahindra Bank and Maruti were the biggest laggards. Reliance Industries Ltd, India's most valuable company, on Monday reported a 5 per cent fall in the July-September quarter net profit as weak oil refining and petrochemical business hurt operational performance. ICICI Bank, Bharti Airtel, Asian Paints, Adani Ports, UltraTech Cement and HCL Technologies were among the gainers.

RBI bars Navi Finserv, 3 other NBFCs from extending loans

RBI bars Navi Finserv, 3 other NBFCs from extending loans

Rediff.com18 Oct 2024

The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.

Sensex rises 592 pts, Nifty closes above 25K on buying in IT, banking shares

Sensex rises 592 pts, Nifty closes above 25K on buying in IT, banking shares

Rediff.com14 Oct 2024

From the Sensex pack, Tech Mahindra, HDFC Bank, Larsen & Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan and HCL Technologies were among the gainers. Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards.

155,000 Apply For 91,000 Internships

155,000 Apply For 91,000 Internships

Rediff.com14 Oct 2024

A shortlist using artificial intelligence would be prepared to identify eligible candidates and match them to the suitable internship opportunity. The shortlist would be shared with the companies on Tuesday, October 15.

80 more flights get bomb threats, Rs 600 crore lost

80 more flights get bomb threats, Rs 600 crore lost

Rediff.com22 Oct 2024

Nearly 80 domestic and international flights received bomb threats in less than 24 hours that later turned out to be hoaxes, keeping thousands of passengers and security agencies on tenterhooks.

Is Priyanka A Political Tourist In Wayanad?

Is Priyanka A Political Tourist In Wayanad?

Rediff.com2 Nov 2024

When it comes to the Congress and Wayanad, the only way the scepticism in the minds of some in Kerala may be addressed is by the Gandhi family proving that they are more than a passing caravan in town, reports Shyam G Menon.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

The Man Who Saw Tomorrow

The Man Who Saw Tomorrow

Rediff.com21 Oct 2024

Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.

The Apprentice Review: A Trump No One Has Seen Before

The Apprentice Review: A Trump No One Has Seen Before

Rediff.com21 Oct 2024

The Apprentice is a keenly observed and entertaining biopic about the making of a man who is mostly responsible for all that has gone wrong with current American politics, observes Aseem Chhabra.

Paytm appears poised for rebound

Paytm appears poised for rebound

Rediff.com18 Oct 2024

While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license. UPI consumer data indicates stable market share, and expansion in partner networks in financial distribution. All this implies Paytm could be set to meet guidance of turning Adjusted Ebitda breakeven by Q4FY25 (ex of UPI-incentives).

Internship Portal To Open Sat Evening!

Internship Portal To Open Sat Evening!

Rediff.com12 Oct 2024

Internship opportunities have been posted by 193 companies, including Jubilant Foodworks, Maruti, Eicher Motor, L&T, Muthoot Finance and Reliance.

India Inc Biggies Plan To Invest $800 Bn

India Inc Biggies Plan To Invest $800 Bn

Rediff.com15 Oct 2024

Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.

What's Next For Payal Kapadia's All We Imagine As Light?

What's Next For Payal Kapadia's All We Imagine As Light?

Rediff.com17 Oct 2024

'It is for the first time that a film of mine will be released in theatres and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.'

How Pune duo hatched the plan to kill Baba Siddique

How Pune duo hatched the plan to kill Baba Siddique

Rediff.com14 Oct 2024

The conspiracy to kill Nationalist Congress Party leader and former Maharashtra minister Baba Siddique was hatched in Pune and shooters were provided with a photo and a flex banner for the target identification, police said on Monday.

150 terrorists waiting to infiltrate into Kashmir: BSF

150 terrorists waiting to infiltrate into Kashmir: BSF

Rediff.com11 Oct 2024

He said the security forces would ensure any infiltration attempt is thwarted.

Tips To Buy Term Insurance Policies

Tips To Buy Term Insurance Policies

Rediff.com17 Oct 2024

Self-employed individuals often face hurdles in buying term insurance due to financial documentation that doesn't fully reflect their earnings. This complicates underwriting.

Ratan Tata left an indelible mark on our society: Sitharaman

Ratan Tata left an indelible mark on our society: Sitharaman

Rediff.com10 Oct 2024

Expressing condolences on the demise of the doyen of Indian industry and Chairman Emeritus of Tata Group, Finance Minister Nirmala Sitharaman on Thursday said he has left an indelible mark on society. "Saddened by the passing away of Shri Ratan Tata, a leader par excellence, visionary industrialist, and philanthropist whose contributions have left an indelible mark on our society," Sitharaman said in a post on X.

How To Make Best Use Of Festive Offers

How To Make Best Use Of Festive Offers

Rediff.com16 Oct 2024

While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.

'Preparing to enter affordable housing loans space'

'Preparing to enter affordable housing loans space'

Rediff.com13 Oct 2024

'Focus will be on smaller loan amounts to meet the needs of affordable homebuyers.'