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Forex reserves jump to a new high of $651.5 bn

Forex reserves jump to a new high of $651.5 bn

Rediff.com7 Jun 2024

India's foreign exchange reserves have jumped to an all-time high of $651.5 billion as of May 31, Reserve Bank Governor Shaktikanta Das said on Friday. This means the overall kitty has increased by $4.83 billion since the last reported number of $646.673 billion on May 24 this year.

Israel attacks UN-run school in Gaza, killing at least 40

Israel attacks UN-run school in Gaza, killing at least 40

Rediff.com7 Jun 2024

According to IDF, "Hamas and Islamic Jihad terrorists who belonged to the Nukhba Forces were operating in the compound."

Govt borrowing cut expectations fade as coalition govt takes shape

Govt borrowing cut expectations fade as coalition govt takes shape

Rediff.com6 Jun 2024

The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.

After encouraging Q4, outlook positive for LIC

After encouraging Q4, outlook positive for LIC

Rediff.com6 Jun 2024

India's largest life insurer, Life Insurance Corporation of India (LIC) reported encouraging performance in the January-March quarter (Q4) of FY24. Total annual premium equivalent (APE) was at Rs 21,180 crore, up 10.7 per cent year-on-year (Y-o-Y), with group APE of Rs 3,890 crore, up 60 per cent Y-o-Y, though individual APE contracted 2.1 per cent Y-o-Y. The participatory book contracted 20.2 per cent Y-o-Y, but the non-par grew by 206 per cent to Rs 3,740 crore.

What Sharad Pawar said on reaching out to TDP, JD-U

What Sharad Pawar said on reaching out to TDP, JD-U

Rediff.com5 Jun 2024

Pawar is expected to play a crucial role in deciding the future course or action of the opposition alliance.

Sharad Pawar shows his nephew who's the real NCP

Sharad Pawar shows his nephew who's the real NCP

Rediff.com5 Jun 2024

Now, with the INDIA bloc putting up an impressive show in the Lok Sabha polls and managing to stop the BJP juggernaut, opposition leaders will be looking at the senior Pawar for guidance in navigating the political space against the saffron party post-elections.

Ready For Kartik, Prabhas, Dhanush?

Ready For Kartik, Prabhas, Dhanush?

Rediff.com5 Jun 2024

Many interesting films with A-Listers line up for release in June.

13 Union ministers bite the dust as Modi magic fails

13 Union ministers bite the dust as Modi magic fails

Rediff.com5 Jun 2024

BJP heavyweights Smriti Irani, Arjun Munda, Ajay Mishra Teni and Kailash Chaudhary were among the 13 Union ministers who tasted defeat in the 2024 Lok Sabha elections, as stunning losses in three Hindi heartland states forced the BJP to rely on allies to form the government.

BJP opens LS account in Kerala with Suresh Gopi's win from Thrissur

BJP opens LS account in Kerala with Suresh Gopi's win from Thrissur

Rediff.com4 Jun 2024

Gopi defeated Communist Party of India leader VS Sunilkumar in an exciting fight.

Bear attack makes investors poorer by Rs 31 lakh cr

Bear attack makes investors poorer by Rs 31 lakh cr

Rediff.com4 Jun 2024

Equity investors suffered a massive loss of Rs 31 lakh crore on Tuesday as markets went into a tailspin with the BSE Sensex tumbling nearly 6 per cent as vote counting trends showed the BJP may not have a clear majority in the Lok Sabha polls. Erasing the record-rally of the previous trade, the 30-share BSE Sensex cracked 4,389.73 points or 5.74 per cent to settle at 72,079.05. During the day, the benchmark tanked 6,234.35 points or 8.15 per cent to hit a nearly five-month low of 70,234.43.

BSE Sensex: 10 biggest single-day falls

BSE Sensex: 10 biggest single-day falls

Rediff.com4 Jun 2024

Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.

Left parties improve performance, with surprise in Rajasthan

Left parties improve performance, with surprise in Rajasthan

Rediff.com4 Jun 2024

Embroiled in a battle for survival, Left parties marginally improved their performance in the 2024 Lok Sabha elections, leading in eight to 10 seats according to vote counting trends.

Enthused over J-K LS turnout, will start assembly poll process soon: CEC

Enthused over J-K LS turnout, will start assembly poll process soon: CEC

Rediff.com3 Jun 2024

Addressing a press conference in New Delhi, Chief Election Commissioner Rajiv Kumar said the EC was very enthused by the voter turnout in Jammu and Kashmir during the Lok Sabha elections, which showed the eagerness of the people to participate in the democratic process.

Youth Are 83% Of The Unemployed

Youth Are 83% Of The Unemployed

Rediff.com3 Jun 2024

'The youth is stressed and students are depressed.'

RBI unlikely to cut interest rate on June 7, say experts

RBI unlikely to cut interest rate on June 7, say experts

Rediff.com2 Jun 2024

Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.

Real Madrid claim historic 15th Champions League title

Real Madrid claim historic 15th Champions League title

Rediff.com2 Jun 2024

Real Madrid strike late to beat Dortmund and win 15th UEFA Champions League

GST collection rises 10% to Rs 1.73 lakh crore in May

GST collection rises 10% to Rs 1.73 lakh crore in May

Rediff.com1 Jun 2024

The country's gross GST collections rose to Rs 1.73 lakh crore in May, growing 10 per cent year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday. GST collections had touched a record high of Rs 2.10 lakh crore last month.

RBI's balance sheet is 2.5X Pakistan's GDP

RBI's balance sheet is 2.5X Pakistan's GDP

Rediff.com30 May 2024

The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.

Sensex plunges 617 points on profit booking

Sensex plunges 617 points on profit booking

Rediff.com30 May 2024

From the Sensex pack, Tata Steel, Titan, Tech Mahindra, Wipro, Bajaj Finserv, Bajaj Finance, Nestle India, Tata Motors and JSW Steel were the biggest laggards. ICICI Bank, Axis Bank, HDFC Bank, State Bank of India and Kotak Mahindra Bank were the gainers.

England Wobbly: Can they defend T20 crown?

England Wobbly: Can they defend T20 crown?

Rediff.com30 May 2024

England, the defending champions of the ICC T20 World Cup, have several areas to address if they want to defend their title

French Open Pix: Alcaraz, Tsitsipas, Jabeur record hard wins

French Open Pix: Alcaraz, Tsitsipas, Jabeur record hard wins

Rediff.com29 May 2024

IMAGES from Day 4 of the French Open played at Roland Garros on Wednesday

IFS was upper caste service, more democratic now: Aiyar

IFS was upper caste service, more democratic now: Aiyar

Rediff.com29 May 2024

Congress leader and former diplomat Mani Shankar Aiyar called the Indian Foreign Service (IFS) of yore an "upper caste" service, which he claimed is becoming more democratic now with the flavour of the country getting into it.

IPL 2024: Most Valuable Performances

IPL 2024: Most Valuable Performances

Rediff.com29 May 2024

Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable performances of IPL 2024

Sensex ends down 220 points in volatile trade

Sensex ends down 220 points in volatile trade

Rediff.com28 May 2024

From the Sensex firms, Power Grid, NTPC, Tech Mahindra, Bharti Airtel, Tata Motors, IndusInd Bank, Reliance Industries, Kotak Mahindra Bank and Maruti were among the laggards. Asian Paints, Wipro, JSW Steel, Hindustan Unilever, Bajaj Finserv and Mahindra & Mahindra were among the biggest gainers.

Record voting in J-K; CEC says assembly polls soon

Record voting in J-K; CEC says assembly polls soon

Rediff.com27 May 2024

The Election Commission on Monday said the voter turnout in Jammu and Kashmir this time was the highest in a Lok Sabha election in the last 35 years with the Kashmir Valley witnessing a 'massive' 30 percentage point jump in poll participation compared to 2019.

Sensex scales 76K, but ends down in volatile trade

Sensex scales 76K, but ends down in volatile trade

Rediff.com27 May 2024

From the Sensex firms, Wipro, NTPC, Sun Pharma, Mahindra & Mahindra, ITC and Reliance Industries were among the biggest laggards. IndusInd Bank, Axis Bank, Bajaj Finance, HDFC Bank, Larsen & Toubro and State Bank of India were among the major gainers.

Jio Fin arm plans Rs 36K cr deal with Reliance Retail

Jio Fin arm plans Rs 36K cr deal with Reliance Retail

Rediff.com27 May 2024

Mukesh Ambani's Jio Financial Services (JFS) is set to seek shareholders' approval for its leasing subsidiary to acquire telecom equipment and devices worth Rs 36,000 crore ($4.33 billion) from Reliance Retail. Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of JFS, plans to enter the device leasing business, and the equipment will be deployed in broadband wireless connectivity and other services.

PIX: Chebet sinks 10,000m mark; Kerr, Richardson shine

PIX: Chebet sinks 10,000m mark; Kerr, Richardson shine

Rediff.com26 May 2024

Kenyan Beatrice Chebet shattered the women's 10,000 metres world record at the Prefontaine Classic on Saturday, as Britain's Josh Kerr beat arch-rival Jakob Ingebrigtsen in the mile race at the Eugene Diamond League meet.

Sindhu fights back to storm into Malaysia Masters final

Sindhu fights back to storm into Malaysia Masters final

Rediff.com25 May 2024

World No. 15 Sindhu, who will be eyeing her third Olympic medal at the Paris Games in two months time, will face second seed and world no. 7 Wang Zhi Yi of China in the summit clash.

22 Singapore Airlines passengers suffered spinal injuries

22 Singapore Airlines passengers suffered spinal injuries

Rediff.com24 May 2024

The oldest patient at the hospital is 83, while the youngest is a two-year-old child who suffered a concussion.

Ashwin touches new landmark in IPL

Ashwin touches new landmark in IPL

Rediff.com23 May 2024

Ashwin took home the 'Player of the Match' award for his match-turning spell against RCB on Wednesday.

CSK Pacer's Jab At RCB Backfires

CSK Pacer's Jab At RCB Backfires

Rediff.com23 May 2024

While Deshpande's intention behind the remark remains unclear, it was interpreted by some as a mocking jab towards RCB after their IPL exit.

Para Worlds: Sachin Khilari defends shot put gold

Para Worlds: Sachin Khilari defends shot put gold

Rediff.com22 May 2024

Sachin Sarjerao Khilari defended his gold medal in the men's shot put F46 category with an Asian record at the World Para Athletics Championship.

Sensex closes down 53 pts in volatile trade

Sensex closes down 53 pts in volatile trade

Rediff.com21 May 2024

Among the Sensex components, Nestle, Maruti, IndusInd Bank, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Tata Consultancy Services, Infosys, HDFC Bank and Axis Bank were the major laggards. Tata Steel, JSW Steel, Power Grid, Tech Mahindra and State Bank of India were among the gainers.

Will Virat Kohli Be The Next MVP?

Will Virat Kohli Be The Next MVP?

Rediff.com21 May 2024

Sometimes the MVPI table throws up intriguing situations: Four out of the top five in the table are left-handed batters. Do left-handers truly enjoy an advantage in the IPL? Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2024 after the league stage.

India Inc revenue up, but profit grows at slowest pace in 6 quarters

India Inc revenue up, but profit grows at slowest pace in 6 quarters

Rediff.com21 May 2024

India Inc reported an uptick in revenue growth in the January-March quarter (Q4) of 2023-24 (FY24), but it came at the cost of a deceleration in earnings growth.

Satwiksairaj-Chirag win Thailand Open badminton

Satwiksairaj-Chirag win Thailand Open badminton

Rediff.com19 May 2024

Satwiksairaj Rankireddy and Chirag Shetty hardly broke a sweat while defeating the Chinese pair of Chen Bo Yang and Liu Yi to win the Thailand Open men's doubles crown in Bangkok on Sunday.

Sensex climbs over 250 pts on buying in Reliance, M&M

Sensex climbs over 250 pts on buying in Reliance, M&M

Rediff.com17 May 2024

M&M was the biggest gainer on the Sensex chart, rising 5.97 per cent, followed by JSW Steel, Ultra Cement, Kotak Bank, ITC and NTPC. Reliance Industries gained 0.73 per cent to close at Rs 2,871 apiece. In contrast, TCS, HCL Tech, HUL, Nestle Industries, Bajaj Finserv, Wipro and Infosys were among the losers.

Markets spurt nearly 1% on buying in HDFC Bank, Infosys

Markets spurt nearly 1% on buying in HDFC Bank, Infosys

Rediff.com16 May 2024

Among the Sensex components, Mahindra & Mahindra, Bharti Airtel, Tech Mahindra, Titan, Infosys, JSW Steel, Bajaj Finserv, HDFC Bank, Larsen & Toubro and Kotak Mahindra Bank were the major gainers. Maruti, State Bank of India, Power Grid, Tata Motors and IndusInd Bank were the laggards.

'86% executives using AI to boost revenue'

'86% executives using AI to boost revenue'

Rediff.com16 May 2024

As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday. As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the 'TCS AI for Business Study'.

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