Search results for ' Time New Bank'

Sensex hits 85K, retreats; Nifty nears 26,000

Sensex hits 85K, retreats; Nifty nears 26,000

Rediff.com24 Sep 2024

From the 30 Sensex firms, Tata Steel, JSW Steel, Power Grid, HDFC Bank, Tata Motors and Larsen & Toubro were the biggest gainers. Hindustan Unilever, Infosys, Bajaj Finance, Axis Bank, Kotak Mahindra Bank and UltraTech Cement were among the laggards.

RBI enhances UPI Lite wallet limit to Rs 5,000

RBI enhances UPI Lite wallet limit to Rs 5,000

Rediff.com9 Oct 2024

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant payment system through mobile phones. A limit of Rs 500 per transaction and an overall limit of Rs 2,000 per UPI Lite wallet, is presently applicable, with the facility of auto-replenishment. Unveiling the October bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das also said the per-transaction limit in UPI123Pay will be enhanced to Rs 10,000 from the current Rs 5,000.

Monetary Policy's Strong Message To NBFCs

Monetary Policy's Strong Message To NBFCs

Rediff.com14 Oct 2024

The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.

Did You Know About Tatas' China Link?

Did You Know About Tatas' China Link?

Rediff.com17 Oct 2024

The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.

Will New MPC Members Cut Interest Rates?

Will New MPC Members Cut Interest Rates?

Rediff.com8 Oct 2024

The three day MPC meeting began on Monday and the decision will be announced on Wednesday by RBI Governor Shaktikanta Das.

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.

Will Poonawalla Let Karan Johar Thrive?

Will Poonawalla Let Karan Johar Thrive?

Rediff.com27 Nov 2024

A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.

Rupee set to hold ground against greenback till Dec

Rupee set to hold ground against greenback till Dec

Rediff.com19 Oct 2024

After depreciating 0.32 per cent against the dollar in October so far, the rupee is expected to hold ground against the greenback in the current quarter on the back of robust inflows. According to the median of a Business Standard poll of 10 respondents, the rupee is seen trading around 84 per dollar till the end of December. "In India's case, at least the bond and cash related inflows will continue.

'We Know How To Protect Our Religion'

'We Know How To Protect Our Religion'

Rediff.com18 Nov 2024

'If someone fiddles us on our religion then we will pay back five times more to that person. We have proved that time and again.'

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.

Sensex only a whisker away from hitting 85,000

Sensex only a whisker away from hitting 85,000

Rediff.com23 Sep 2024

From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.

'Will Banking Career Affect Marriage Prospects?'

'Will Banking Career Affect Marriage Prospects?'

Rediff.com22 May 2024

Shekhar Kumar, an HR expert, talent, and client acquisition leader at SEPL offers advice on how to grow professionally.

Soon, any time banking at the post office

Soon, any time banking at the post office

Rediff.com20 Mar 2007

Claims to regain business lost to private courier operators.

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.'

Man United bank on De Ligt-Mazraoui duo for success

Man United bank on De Ligt-Mazraoui duo for success

Rediff.com16 Aug 2024

The defenders signed contracts on Tuesday from Bayern Munich making United their third team together, and they could both feature in the squad's season opener on Friday against Fulham at Old Trafford.

Boom Times On Bourses In June

Boom Times On Bourses In June

Rediff.com29 Jun 2024

In June, Sensex went up 6.6% and Nifty 6.9%, their best monthly gains since December 2023.

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.

Rs steady against $ in CY24, weakens vs euro, pound

Rs steady against $ in CY24, weakens vs euro, pound

Rediff.com30 Sep 2024

The rupee has remained largely stable against the US greenback in the current calendar year (CY 2024), depreciating by just 0.59 per cent so far. However, it has considerably weakened against the euro and pound. The local currency has depreciated by 1.6 per cent against the euro and 5.6 per cent against the pound, as both currencies strengthened against the dollar during this period.

IPL Auction: Watch Out For These Stars!

IPL Auction: Watch Out For These Stars!

Rediff.com19 Nov 2024

Rishabh Pant, Shreyas Iyer, K L Rahul and Arshdeep Singh headline the top bracket of elite players at the IPL mega auction.

RBI seeks details of select NBFCs' loan book growth

RBI seeks details of select NBFCs' loan book growth

Rediff.com25 Sep 2024

The Reserve Bank of India (RBI) has sought granular data from select non-banking financial companies (NBFCs) on their loan book growth. The details sought are on the outstanding product-wise portfolio and the annualised interest charged on them. The annualised interest slabs mentioned are as follows: less than 10 per cent, 10-20 per cent, 20-30 per cent, 30-40 per cent, 40-50 per cent, and above 50 per cent.

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.

'In Equity Markets, One Has To Be Patient'

'In Equity Markets, One Has To Be Patient'

Rediff.com12 Nov 2024

'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'

'We have secured a place for large deals'

'We have secured a place for large deals'

Rediff.com4 Nov 2024

'Our growth in banking, financial services, and insurance (BFSI) is a prime example.'

'I Have Ideas For Two Sequels For Andaz Apna Apna'

'I Have Ideas For Two Sequels For Andaz Apna Apna'

Rediff.com5 Nov 2024

'I may not have accrued a large bank balance, but I think I've earned something far valuable. Respect.' 'That's what Andaz Apna Apna brought me, and I wouldn't exchange that respect for any amount of money in the world.'

Battle For Survival For Pawars, Uddhav, Shinde

Battle For Survival For Pawars, Uddhav, Shinde

Rediff.com19 Nov 2024

Voters, it is said, get the government they deserve. We will soon see what voters in Maharashtra choose. Till then, a sense of helplessness and scepticism hangs in the air, notes Ramesh Menon.

HDFC Bank Q4 performance and future outlook

HDFC Bank Q4 performance and future outlook

Rediff.com30 Apr 2024

HDFC Bank's January-March quarter result, which came in-line with expectations, failed to enthuse investors. The reason? The management's decision to abstain from providing any specific growth guidance, and analysts' expectations of an arduous road to recovery. Analysts believe the path to normalisation of several growth metrics is unlikely to be a straightforward one, and the road to balance sheet realignment may be long.

Will Anna's Death Be A Wake-Up Call For India Inc?

Will Anna's Death Be A Wake-Up Call For India Inc?

Rediff.com8 Oct 2024

'In India, managers and the leadership almost glorify overworking.'

Why Households Are Shifting Funds To Equities

Why Households Are Shifting Funds To Equities

Rediff.com25 Sep 2024

Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.

Forex reserves rise $223 mn to a fresh high of $689.46 bn

Forex reserves rise $223 mn to a fresh high of $689.46 bn

Rediff.com21 Sep 2024

India's forex reserves rose by $223 million to a new all-time high of $689.46 billion for the week ended on September 13, according to the Reserve Bank data released on Friday. The overall forex kitty had jumped by $5.25 billion to a high of $689.24 billion for the previous reporting week ended on September 6.

Investing in IPOs: What First-Time Investors Must Know

Investing in IPOs: What First-Time Investors Must Know

Rediff.com11 Jul 2024

Are you a first-time IPO investor? Even if IPOs appear attractive with expectations of high returns, they come with risks and complexities, cautions Sheetal Jhaveri and shares her checklist to help you navigate through the world of IPOs

'He Doesn't Have The Air He Is Raj Thackeray's Son'

'He Doesn't Have The Air He Is Raj Thackeray's Son'

Rediff.com11 Nov 2024

'I love to meet people.' 'I love that personal connect when they express their genuine, heartfelt feelings.'

Forex reserves swell $2.83 bn to a new high of $692.3 bn

Forex reserves swell $2.83 bn to a new high of $692.3 bn

Rediff.com27 Sep 2024

India's forex reserves jumped by $2.84 billion to a new all-time high of $692.3 billion for the week ended September 20, the RBI said on Friday. The overall kitty had increased by $223 million to a new high of $689.46 billion for the previous reporting week.

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.'

Meet Maharashtra's Wealthiest Candidate

Meet Maharashtra's Wealthiest Candidate

Rediff.com20 Nov 2024

'When honest, wealthy people come forward to serve India, people should feel proud and welcome them.'

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.

'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.'

Payments banks bat for new model, pin hopes on lending licence amid stress

Payments banks bat for new model, pin hopes on lending licence amid stress

Rediff.com29 Apr 2024

Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. The industry has been in talks with the Reserve Bank of India (RBI) for some time in seeking lending rights.

RBI unlikely to cut interest rate in October

RBI unlikely to cut interest rate in October

Rediff.com6 Oct 2024

The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.

Bajaj now third most valued finance group; overtakes SBI

Bajaj now third most valued finance group; overtakes SBI

Rediff.com30 Sep 2024

India's financial sector is dominated by large government-owned and private-sector banks.

Nifty 50 Can Fall Another 1,000 Points

Nifty 50 Can Fall Another 1,000 Points

Rediff.com25 Oct 2024

If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.