News for 'finance'

'You End Up Firefighting': Finance Minister

'You End Up Firefighting': Finance Minister

Rediff.com4 days ago

'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'

Higher provisioning blurs Bajaj Finance outlook

Higher provisioning blurs Bajaj Finance outlook

Rediff.com5 Feb 2026

Brokerages were divided on Bajaj Finance after its 2025-26 (FY26) third-quarter (October-December/ Q3) results, with a few raising targets on valuation comfort, while others flagged concerns over the credit cost trajectory.

Sunetra Pawar gets 3 ministries, Fadnavis keeps finance

Sunetra Pawar gets 3 ministries, Fadnavis keeps finance

Rediff.com31 Jan 2026

Newly-appointed Maharashtra Deputy Chief Minister Sunetra Pawar has been allocated the portfolios of State Excise Duty, Sports and Youth Affairs and Minorities Development and Aukaf.

Bajaj Finance to Muthoot Finance: NBFCs outpace banks once again

Bajaj Finance to Muthoot Finance: NBFCs outpace banks once again

Rediff.com16 Dec 2025

Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.

Fino Payments Bank Claims GST Compliance After CEO's Arrest

Fino Payments Bank Claims GST Compliance After CEO's Arrest

Rediff.com11 hours ago

Fino Payments Bank asserts its compliance with GST regulations following the arrest of its MD and CEO, Rishi Gupta, by the Directorate General of GST Intelligence (DGGI). The bank clarifies that the investigation pertains to program managers associated with multiple banks and not the bank's own GST compliance.

EPFO Keeps EPF Interest Rate Unchanged at 8.25% for 2025-26

EPFO Keeps EPF Interest Rate Unchanged at 8.25% for 2025-26

Rediff.com2 hours ago

The Employees' Provident Fund Organisation (EPFO) has decided to maintain the interest rate on employees' provident fund (EPF) deposits at 8.25 per cent for the fiscal year 2025-26, marking the second consecutive year at this rate.

Sagarmala Finance expecting at least Rs 2K cr equity infusion from govt: MD

Sagarmala Finance expecting at least Rs 2K cr equity infusion from govt: MD

Rediff.com6 Jan 2026

India's first maritime lender, state-owned Sagarmala Finance Corporation Ltd (SMFCL) hit the ground running with a Rs 4,300 crore disbursement announcement last Tuesday, within months of being registered as a non-banking financial company (NBFC) in June 2025.

The Radhika Gupta Rediff Podcast The CEO Who Cried in a Boardroom. Then Built an Empire.

The Radhika Gupta Rediff Podcast The CEO Who Cried in a Boardroom. Then Built an Empire.

Rediff.com14 hours ago

Meet Radhika Gupta, CEO and MD of Edelweiss Mutual Fund. One of the 20 global influencers on LinkedIn -- a list she shares with Prime Minister Narendra Modi. And perhaps one of the most candid and transparent voices in Indian finance today.

Shirtless protest at AI Summit: Two more arrested, funds under lens

Shirtless protest at AI Summit: Two more arrested, funds under lens

Rediff.com3 days ago

Delhi Police have arrested two more Indian Youth Congress workers in connection with a 'shirtless' protest at the AI Summit, bringing the total arrests to 14. Authorities are investigating the financial trail behind the protest, suspecting funds meant for Bihar Assembly elections may have been diverted.

Asia on fire: Of finance, climate, cities in motion

Asia on fire: Of finance, climate, cities in motion

Rediff.com20 Jan 2026

The initial public offering (IPO) market in India last year was hot, with companies raising over $22 billion in 2025. But half of the 350-plus companies that listed on the stock exchange last year traded below their offer price, according to a new research report released by HSBC Global Investment Research - a sobering fact despite what otherwise looked like a rush of companies eager to list on the bourses.

Too early to comment on US tariff changes: Sitharaman

Too early to comment on US tariff changes: Sitharaman

Rediff.com7 days ago

Finance Minister Nirmala Sitharaman stated that it is premature to comment on the tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the situation.

How Couples Can Avoid Money Fights

How Couples Can Avoid Money Fights

Rediff.com5 days ago

Regular money talks, setting up joint goals, and regular reviews can help couples stay aligned.

How Couples Can Avoid Money Fights

How Couples Can Avoid Money Fights

Rediff.com5 days ago

Regular money talks, setting up joint goals, and regular reviews can help couples stay aligned.

ED wants speedy trial against P Chidambaram in PMLA cases

ED wants speedy trial against P Chidambaram in PMLA cases

Rediff.com4 days ago

The Enforcement Directorate (ED) is seeking an expedited trial against Congress leader P Chidambaram in the Aircel-Maxis and INX Media money laundering cases, having submitted the required prosecution sanction to the court.

Five Arrested in Pratapgarh Murder Case

Five Arrested in Pratapgarh Murder Case

Rediff.com4 days ago

Police in Pratapgarh, Uttar Pradesh, have arrested five individuals, including a woman and her lover, in connection with the murder of her husband. The accused confessed to the crime, which was motivated by an affair and financial incentives.

States' fiscal arithmetic tightens in FY27; deficit seen at 3% of GDP

States' fiscal arithmetic tightens in FY27; deficit seen at 3% of GDP

Rediff.com20 Feb 2026

India Ratings & Research (Ind-Ra) has projected the aggregate fiscal deficit of states to rise to 3 per cent of gross domestic product (GDP) in 2026-27 (FY27), from an estimated 2.8 per cent in 2025-26 (FY26), citing higher revenue expenditure amid election-related pressures and scheme cost-sharing requirements.

Hyderabad: Money Lenders Arrested in Suicide Abetment Case

Hyderabad: Money Lenders Arrested in Suicide Abetment Case

Rediff.com6 hours ago

Four money lenders have been arrested in Hyderabad for allegedly abetting the suicide of a family of three due to harassment over loan repayment.

Modi convenes CCS meeting amid escalating tension after Iran attack

Modi convenes CCS meeting amid escalating tension after Iran attack

Rediff.com1 days ago

Prime Minister Narendra Modi will chair a meeting of the Cabinet Committee of Security (CCS) in Delhi to discuss the global situation following the attack on Iran and the killing of Iranian Supreme Leader Ayatollah Ali Khamenei.

Iran's defence minister, Guards commander killed in US-Israel strikes: Report

Iran's defence minister, Guards commander killed in US-Israel strikes: Report

Rediff.com2 days ago

A joint attack by the United States and Israel on Iran has triggered a massive military confrontation in the Middle-East.

Eligible Manufacturer Importers Scheme, Starting April 1, Will Ease Customs Duty Payments

Eligible Manufacturer Importers Scheme, Starting April 1, Will Ease Customs Duty Payments

Rediff.com1 days ago

The Central Board of Indirect Taxes and Customs (CBIC) announced the implementation of the Eligible Manufacturer Importers (EMI) scheme from April 1, allowing eligible importers to defer customs duty payments.

Bengaluru Man Murdered; Woman and Two Others Arrested

Bengaluru Man Murdered; Woman and Two Others Arrested

Rediff.com8 hours ago

A man was found murdered in his Bengaluru home, and three individuals, including a woman involved in a relationship with the deceased, have been arrested in connection with the crime.

Double-Decker Buses Set To Boost Delhi Tourism

Double-Decker Buses Set To Boost Delhi Tourism

Rediff.com10 hours ago

The 63-seater open-top bus, manufactured by Ashok Leyland's arm Switch Mobility, was gifted to the city's tourism department as a corporate social responsibility initiative.

IPO Listing Gains Hit 7-Year Low

IPO Listing Gains Hit 7-Year Low

Rediff.com15 hours ago

Share of IPOs opening above issue price drops to 64.6%, median gains shrink sharply amid market volatility.

CCS assesses West Asia crisis, orders steps to help stranded Indians

CCS assesses West Asia crisis, orders steps to help stranded Indians

Rediff.com6 hours ago

The Cabinet Committee on Security (CCS) has reviewed the evolving situation in West Asia, directing departments to assist Indian nationals affected by recent developments and emphasizing the need for dialogue and diplomacy.

Why Capital Expenditure Needs Monitoring

Why Capital Expenditure Needs Monitoring

Rediff.com7 days ago

After years of rapid expansion, the Centre's capital spending growth eases as private investment shows early signs of revival, points out A K Bhattacharya.

Court Accepts Closure Report in MSCB Scam Case

Court Accepts Closure Report in MSCB Scam Case

Rediff.com3 days ago

A Mumbai court has accepted the closure report submitted by the Economic Offences Wing (EOW) in the Maharashtra State Cooperative Bank (MSCB) scam case, giving a clean chit to Ajit Pawar and other accused.

Guess Which State's Sweepers Earn Rs 2 Lakh Salary?

Guess Which State's Sweepers Earn Rs 2 Lakh Salary?

Rediff.com4 days ago

The Telangana government's salary structure reveals surprising figures, with senior sweepers earning up to 2 lakh and chief engineers drawing 7 lakh monthly.

Relaxed ECB norms may lift foreign borrowings by Indian companies

Relaxed ECB norms may lift foreign borrowings by Indian companies

Rediff.com19 Feb 2026

The easing of external commercial borrowing (ECB) norms by the Reserve Bank of India (RBI) is expected to significantly boost overseas fundraising by Indian companies, market participants said.

Saini Targets Rivals, Courts OBCs in Punjab

Saini Targets Rivals, Courts OBCs in Punjab

Rediff.com1 days ago

Haryana Chief Minister Nayab Singh Saini addressed the 'Saini Samaj' in Punjab, appealing to the OBC community ahead of the upcoming state elections. He criticized rival parties for neglecting OBCs and highlighted the BJP's commitment to their welfare.

Haryana Arrests Employee in Rs 590 Crore IDFC Bank Fraud

Haryana Arrests Employee in Rs 590 Crore IDFC Bank Fraud

Rediff.com2 days ago

A Haryana government employee has been arrested in connection with the Rs 590 crore IDFC First Bank fraud case, which involved state government accounts and led to the recovery of nearly Rs 556 crore within 24 hours.

'Direct fertiliser subsidy transfer very much on table'

'Direct fertiliser subsidy transfer very much on table'

Rediff.com17 Feb 2026

On Agri Stack, Expenditure Secy V Vualnam says it's progressing well; using IT, farmers will be able to choose exact fertiliser quantities needed, reducing crowding at fertiliser outlets.

'Koi mai ka laal...': FM's strong retort to Rahul's 'sold India' remark

'Koi mai ka laal...': FM's strong retort to Rahul's 'sold India' remark

Rediff.com11 Feb 2026

Finance Minister Nirmala Sitharaman launched a strong attack on Rahul Gandhi and the Congress party, accusing them of compromising India's interests on the world stage and selling out farmers and the poor during their time in power.

Obsessive Love In The Museum of Innocence

Obsessive Love In The Museum of Innocence

Rediff.com2 days ago

The Museum Of Innocence is too long. Nine episodes could have been reduced to six, with some slick editing, observes A Ganesh Nadar.

How Did a 590 Crore Fraud Go Undetected At IDFC First Bank?

How Did a 590 Crore Fraud Go Undetected At IDFC First Bank?

Rediff.com7 days ago

The quantum of fraud detected by the bank is more than the 503 crore net profit it reported for the October-December quarter of 2025-2026.

Ajit Pawar hailed as 'best CM never had' as Maha leaders unite in tribute

Ajit Pawar hailed as 'best CM never had' as Maha leaders unite in tribute

Rediff.com7 days ago

Maharashtra's political leaders, led by Chief Minister Devendra Fadnavis, paid tribute to the late Deputy CM Ajit Pawar during the state legislature's budget session, remembering him as a capable leader and administrator.

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Rediff.com20 Feb 2026

The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.

Sebi Alerts Investors to Fake STT Payment Demands

Sebi Alerts Investors to Fake STT Payment Demands

Rediff.com4 days ago

Sebi cautions investors against fake notices demanding Securities Transaction Tax (STT) payments and warns about fraudsters posing as account handlers promising risk-free profits.

Tata Sons Delays Chandrasekaran's Extension Amid Internal Concerns

Tata Sons Delays Chandrasekaran's Extension Amid Internal Concerns

Rediff.com3 days ago

The deferral of Natarajan Chandrasekaran's re-appointment as Chairman of Tata Sons has sparked questions regarding a previous unanimous resolution by Tata Trusts and potential internal disagreements.

Supreme Court's ruling on tariffs is deeply disappointing: Trump

Supreme Court's ruling on tariffs is deeply disappointing: Trump

Rediff.com21 Feb 2026

The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.

Why ICE Still Rules India's Car Market

Why ICE Still Rules India's Car Market

Rediff.com3 days ago

Indian car buyers care more about affordability than technology, keeping ICE vehicles dominant while hybrids emerge as the preferred transition option and EVs struggle in the mass market.