Search results for ' Time New Bank'

'When the market is good, you have to capitalise on it'

'When the market is good, you have to capitalise on it'

Rediff.com29 Nov 2024

'Within India, people want high-quality, personalised banking services, and the demand for such services has exploded.'

Beware! Markets Headed For Downturn

Beware! Markets Headed For Downturn

Rediff.com26 Nov 2024

Trumponomics, poor growth, and high valuation certainly don't make a bullish recipe for Indian markets, warns Debashis Basu.

Bypoll boost for NDA in Bihar, Assam, Meghalaya; jolt in Bengal

Bypoll boost for NDA in Bihar, Assam, Meghalaya; jolt in Bengal

Rediff.com23 Nov 2024

The juggernaut of the Bharatiya Janata Party-led National Democratic Alliance, which triumphed in three of the four east and north-eastern states that went for assembly bypolls on Saturday, was halted yet again in West Bengal where Mamata Banerjee's Trinamool Congress registered a six-on-six clean sweep.

'Modi Was Not A Factor In Maharashtra'

'Modi Was Not A Factor In Maharashtra'

Rediff.com28 Nov 2024

'Money power was deployed like an army in a war.' 'None of the MVA parties had that kind of money.'

Get Ready To Laugh Out Loud!

Get Ready To Laugh Out Loud!

Rediff.com12 Dec 2024

Images that should keep you grinning for days on end.

Retail ownership of Indian equities up 800bps in a decade: Morgan Stanley

Retail ownership of Indian equities up 800bps in a decade: Morgan Stanley

Rediff.com12 Nov 2024

Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.

Beware The American Deep State

Beware The American Deep State

Rediff.com11 Dec 2024

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.

In a first, Prayagraj to use AI face recognition cameras for Mahakumbh

In a first, Prayagraj to use AI face recognition cameras for Mahakumbh

Rediff.com5 Nov 2024

For the first time, the Prayagraj Railway Division will install face recognition cameras alongside CCTV at railway stations, specifically for the Mahakumbh, the Uttar Pradesh government said in a statement.

Sensex, Nifty end in red on profit booking; HDFC Bank, ICICI drag

Sensex, Nifty end in red on profit booking; HDFC Bank, ICICI drag

Rediff.com27 Sep 2024

From the 30 Sensex firms, Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Larsen & Toubro, Adani Ports and UltraTech Cement were among the laggards. Sun Pharma, Reliance Industries, Titan, HCL Technologies and Bajaj Finserv were among the biggest gainers.

Foreign investors net sellers of Indian bonds in Oct

Foreign investors net sellers of Indian bonds in Oct

Rediff.com5 Nov 2024

Foreign investors were net sellers of domestic debt in October for the first time since the official inclusion of Indian government bonds in the JP Morgan bond indices, with net outflow worth Rs 4,697 crore. This marked the second instance in the current calendar year where foreign portfolio investors (FPIs) were net sellers in a month.

Indian spinners banking on batters, pitch for favourable returns

Indian spinners banking on batters, pitch for favourable returns

Rediff.com18 Oct 2024

The left-arm wrist spinner, who grabbed three Kiwi wickets, patted Rachin Ravindra for making a splendid hundred.

Why Trump wants his supporters to donate to Democrats

Why Trump wants his supporters to donate to Democrats

Rediff.com10 Nov 2024

President-elect Donald Trump urged his supporters to donate to Democrats to help them overcome the 'financial strain' in the aftermath of the general elections.

What Type Of Personal Loan Could You Opt For?

What Type Of Personal Loan Could You Opt For?

Rediff.com25 Nov 2024

In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.

RBI rate cut in Feb may not be a done deal, say economists

RBI rate cut in Feb may not be a done deal, say economists

Rediff.com14 Nov 2024

Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com3 Nov 2024

The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would also drive the markets, experts said. "The upcoming week is poised to be eventful on the global front.

Goodbye Skipper!

Goodbye Skipper!

Rediff.com29 Nov 2024

'He asserted in his usual jovial style that he was not an MBA like his audience at IIM-Ahmedabad but perhaps had an even better business degree: MBB'. 'He went on to explain to his perplexed, blue chip B-School audience that MBB stood for "Marwadi by birth"!' Shivanand Kanavi salutes Shashi Ruia, co-founder of the Essar group who passed into the ages on November 25, 2024 in Mumbai.

Sunset for once-storied Jet Airways as turbulent insolvency flight ends

Sunset for once-storied Jet Airways as turbulent insolvency flight ends

Rediff.com7 Nov 2024

More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.

2024: Top 10 International Films

2024: Top 10 International Films

Rediff.com7 Dec 2024

Aseem Chhabra lists his favourite 2024 films that he watched at film festivals held in Berlin, Cannes, Toronto and India.

India's forex reserves down to $684.80 billion

India's forex reserves down to $684.80 billion

Rediff.com1 Nov 2024

India's foreign exchange reserves fell for the fourth consecutive week after reaching an all-time high last month. In the week ending October 25, the forex reserves declined by $3.46 billion to $684.80 billion, according to data released by the Reserve Bank of India (RBI) on Friday. In the three preceding weeks, reserves dropped by $3.7 billion, $10.7 billion, and $2.16 billion, respectively, the data showed.

How Will History Remember Chandrachud?

How Will History Remember Chandrachud?

Rediff.com2 Dec 2024

He could have blazed a trail that few Indian judges had. It was a missed opportunity of a lifetime, notes Ramesh Menon.

IL&FS group resolves debt of Rs 38,082 cr as of Sep-end

IL&FS group resolves debt of Rs 38,082 cr as of Sep-end

Rediff.com6 Nov 2024

IL&FS group has discharged debt of Rs 38,082 crore to its creditors as of September 30, 2024, according to the latest status report affidavit filed by the debt-ridden firm before insolvency appellate tribunal NCLAT. "As on September 30, 2024, the total debt discharged to creditors of the Respondent No 1 (IL&FS) Group aggregates to Rs 38,082 crore," the status report said. This includes Rs 20,289 crore from monetisation of assets, Rs 8,140 crore from auto-debits, green entity principal servicing, NFB release and Rs 9,653 crore from interim distribution.

Corporate earnings fall in Q2, a first in two yrs

Corporate earnings fall in Q2, a first in two yrs

Rediff.com19 Nov 2024

India Inc continued to grapple with muted revenue growth in the September 2024 quarter (Q2FY25) and witnessed a decline in margins and profits. The headwinds were especially severe for non-financial companies, while banking, financial services, and insurance (BFSI) firms significantly outpaced the rest of the corporate sector. The total profit of 1,353 listed companies that have released their Q2FY25 results thus far dropped by 0.6 per cent year-on-year (Y-o-Y) - the first cumulative earnings decline in eight quarters.

Banks turn to CD issuances in September amid sluggish deposit growth

Banks turn to CD issuances in September amid sluggish deposit growth

Rediff.com26 Sep 2024

Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth

Rs 11K crore IPO in sight, Swiggy projects quick commerce as the future

Rs 11K crore IPO in sight, Swiggy projects quick commerce as the future

Rediff.com4 Nov 2024

On the cusp of launching its Rs 11,327 crore initial public offering (IPO) next week, food and grocery delivery major Swiggy believes quick commerce to be its future growth engine and anticipates that it will outpace its core food delivery business over the next five years. Currently, the quick commerce business of Swiggy - backed by Prosus and SoftBank - is 40 per cent of the size of its food delivery revenues.

Modi labels JMM-Cong alliance as 'Gushpaithiya Bandhan'

Modi labels JMM-Cong alliance as 'Gushpaithiya Bandhan'

Rediff.com4 Nov 2024

Modi accused the JMM, Congress and RJD of using Bangladeshi infiltrators for "vote bank politics," facilitating their settlement in Jharkhand, which is a threat to the state's social structure.

How much gold do Indian households own?

How much gold do Indian households own?

Rediff.com29 Oct 2024

The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made on Tuesday. The overall quantity of the precious metal stored in local safes stood at 510.46 metric tonnes as of September 30, which was up from over 408 metric tonnes as on March 31, 2024. The central bank said it added another 32 metric tonnes of gold reserves in the six-month period to take the overall tonnage to 854.73 metric tonnes, as per the half yearly report on management of foreign exchange reserves.

Sensex, Nifty hit record highs on US Fed rate cut; banks lead gains

Sensex, Nifty hit record highs on US Fed rate cut; banks lead gains

Rediff.com19 Sep 2024

From the 30 Sensex firms, NTPC, Nestle, Titan, Kotak Mahindra Bank, Maruti, Hindustan Unilever, Bharti Airtel and HDFC Bank were the biggest gainers. HCL Technologies, Tata Consultancy Services, Adani Ports, Larsen & Toubro, JSW Steel, State Bank of India, Tech Mahindra and Bajaj Finance were among the laggards from the pack.

CPSE dividend likely to cross record FY24 tally

CPSE dividend likely to cross record FY24 tally

Rediff.com29 Oct 2024

The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government official. This excludes dividend from nationalised banks and financial institutions. As on October 21, the Centre collected Rs 28,913 crore as dividend and other investment from CPSEs, accounting for over 50 per cent of the Budget Estimate for FY25.

'Voter Is Keeping Centre On Tenterhooks'

'Voter Is Keeping Centre On Tenterhooks'

Rediff.com24 Nov 2024

'If you want to win you need to perform.' 'Governments have found a way to buck anti-incumbency, but one policy intervention will not pay in all elections.'

US Accuses Adani Of Bribing Officials

US Accuses Adani Of Bribing Officials

Rediff.com21 Nov 2024

Gautam Adani, India's second-richest man, and seven others including his nephew Sagar have been charged with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion profit over 20 years.

Art 370 won't be restored even if Indira Gandhi returns: Amit Shah

Art 370 won't be restored even if Indira Gandhi returns: Amit Shah

Rediff.com13 Nov 2024

Union Home Minister Amit Shah on Wednesday asserted that Article 370, which granted special status to Jammu and Kashmir, will not be restored even if Congress stalwart and late PM Indira Gandhi comes down from heaven.

Walking The Bamboo Trail In Meghalaya

Walking The Bamboo Trail In Meghalaya

Rediff.com8 Nov 2024

Hike through Meghalaya's newest tourist magnet.

How To Invest In US Funds

How To Invest In US Funds

Rediff.com8 Nov 2024

'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'

'Focus Is To Maintain The Casa Ratio'

'Focus Is To Maintain The Casa Ratio'

Rediff.com8 Nov 2024

'It has remained around 38 per cent over the past four to five quarters.'

Marco And Mike Are Good News For India

Marco And Mike Are Good News For India

Rediff.com13 Nov 2024

'Communist China continues to aggressively expand its domain in the Indo-Pacific region.' 'It's crucial for the USA to continue its support in countering these malicious tactics.' 'India, along with other nations in the region, is not alone.'

Asset quality risk, a worry for IndusInd

Asset quality risk, a worry for IndusInd

Rediff.com6 Nov 2024

A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank's share price on Friday (October 25). Contingency provisions are generally made when a lender expects more bad loans in the coming quarters. Shares of the bank on Tuesday (October 29) declined 1.53 per cent to settle at Rs 1,038.2 apiece on the BSE.

'Euphoria In SMID Stocks Couldn't Have Lasted Forever'

'Euphoria In SMID Stocks Couldn't Have Lasted Forever'

Rediff.com6 Nov 2024

'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'

'Adani Wasn't There At Meeting'

'Adani Wasn't There At Meeting'

Rediff.com14 Nov 2024

'That was my mistake.' 'Gautam Adani was not involved in forming the Maharashtra government.' 'Adani was not there in the meeting.' 'The meeting was at his guest house and we were sitting in his guest house.'

Are The Markets Headed For A Bubble?

Are The Markets Headed For A Bubble?

Rediff.com11 Nov 2024

'The problem is that the bubble may not only be in valuations, but also in investors' minds.'

Forex reserves drop $2.16 bn to $688.26 bn

Forex reserves drop $2.16 bn to $688.26 bn

Rediff.com25 Oct 2024

India's forex reserves dropped by $2.16 billion to $688.27 billion for the week ended October 18, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by $10.75 billion to $690.43 billion in one of the largest declines in the reserves in recent times, the RBI said on Friday.