Samie Modak, Sundar Sethuraman, Bhavini Mishra, BS Reporter

Stories by Samie Modak, Sundar Sethuraman, Bhavini Mishra, BS Reporter

Fighting digital fraud: From KYC processes to advanced authentication

Fighting digital fraud: From KYC processes to advanced authentication

Rediff.com   10 Feb 2025

In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.

'We Are Always Watchful. We Will Be Nimble'

'We Are Always Watchful. We Will Be Nimble'

Rediff.com   8 Feb 2025

'We will be very, very proactive in providing whatever liquidity requirements are needed.'

January Crash: Record 2,461 Stocks Flash Red

January Crash: Record 2,461 Stocks Flash Red

Rediff.com   29 Jan 2025

'The market's sharp decline recently has shaken the confidence of retail investors, leading to increased selling.'

Burmans vs Gaekwad: Who will manage to acquire Religare Enterprise?

Burmans vs Gaekwad: Who will manage to acquire Religare Enterprise?

Rediff.com   27 Jan 2025

The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.

'NCLAT Verdict Bittersweet For CCI, Meta'

'NCLAT Verdict Bittersweet For CCI, Meta'

Rediff.com   24 Jan 2025

'Each side could consider challenging the NCLAT's stay order before the Supreme Court.'

Rupee depreciation may exacerbate market sell-off if downtrend continues

Rupee depreciation may exacerbate market sell-off if downtrend continues

Rediff.com   21 Jan 2025

Rupee depreciation, if it continues, will likely pull the markets down further. Since September 2024, the rupee has declined by 3.1 per cent, the Nifty has dropped by 8.5 per cent during the same period, and the Sensex has fallen by 7.3 per cent. If the decline continues, markets will need to brace for more pain as it could push foreign portfolio investors (FPIs) to exit their positions faster than anticipated.

Union Budget 2025-26: This is what telecom sector wants

Union Budget 2025-26: This is what telecom sector wants

Rediff.com   21 Jan 2025

High spectrum costs limit operators to invest in next-gen network infrastructure.

'Coming Months Could Be Eventful For Markets'

'Coming Months Could Be Eventful For Markets'

Rediff.com   15 Jan 2025

'The shifts in US involvement in global conflicts and geopolitical alliances could introduce uncertainties.'

Rupee Slide Won't Crash Markets

Rupee Slide Won't Crash Markets

Rediff.com   14 Jan 2025

The markets need not tank every time the rupee depreciates sustainably over months.

Fundraising via equity, debt hit all-time high in 2024

Fundraising via equity, debt hit all-time high in 2024

Rediff.com   10 Jan 2025

Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.

Secondary Market Saw Lacklustre Funding In 2024

Secondary Market Saw Lacklustre Funding In 2024

Rediff.com   7 Jan 2025

Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Rediff.com   5 Jan 2025

Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at Rs 11.65 trillion, while advances increased 11.76 per cent Y-o-Y at Rs 9.63 trillion, outpacing deposit growth during the period. Domestic retail advances grew at a robust 19.5 per cent Y-o-Y to Rs 2.43 trillion.

SBI unveils two new schemes to boost deposit mobilisation

SBI unveils two new schemes to boost deposit mobilisation

Rediff.com   4 Jan 2025

State Bank of India (SBI) - the country's largest lender - has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges in raising resources. The first is 'Har Ghar Lakhpati,' a pre-calculated recurring deposit (RD) scheme designed to help customers accumulate Rs 100,000 or multiples thereof and develop a savings habit.

Best Dec for IPOs since 1996: 15 firms collectively raised Rs 25,425 cr

Best Dec for IPOs since 1996: 15 firms collectively raised Rs 25,425 cr

Rediff.com   3 Jan 2025

Fifteen companies have launched their initial public offerings (IPOs) in December 2024, making it the best month for public offerings since 1996. Collectively, they have raised Rs 25,425 crore, which also made December the best month in terms of the quantum of funds raised. In December 1996, 33 companies had raised Rs 931 crore.

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion

Rediff.com   1 Jan 2025

The liquidity deficit in the banking system crossed Rs 2 trillion again on Monday, despite the second instalment of cash reserve ratio (CRR) reduction coming into effect from December 28.

How Dr Singh Changed Stockmarkets

How Dr Singh Changed Stockmarkets

Rediff.com   28 Dec 2024

'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'

Metropolitan Stock Exchange to raise Rs 120 cr in fresh attempt at revival

Metropolitan Stock Exchange to raise Rs 120 cr in fresh attempt at revival

Rediff.com   26 Dec 2024

Metropolitan Stock Exchange of India (MSE) plans to raise Rs 120 crore from investors in an attempt to stay afloat. The beleaguered exchange's board has approved issuance of 1.19 billion equity shares of face value Rs 1 at a premium of Rs 1 through private placements, according to a disclosure on its website.

IPOs see investor rush; five issues attract total bids worth Rs 1.4 trn

IPOs see investor rush; five issues attract total bids worth Rs 1.4 trn

Rediff.com   24 Dec 2024

The five initial public offerings (IPOs) that closed on Monday attracted cumulative bids worth Rs 1.4 trillion against Rs 2,909 crore they were looking to raise. These offerings were subscribed between 11 and 195 times. Mamata Machinery, a limited manufacturer of machines used for making plastic bags, saw the highest oversubscription at 195x.

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%

Rediff.com   24 Dec 2024

Zomato on Monday became the first new-age company to join the prestigious 30-share benchmark Sensex, replacing JSW Steel. This milestone marks a significant achievement not only for Zomato but also for the Indian startup ecosystem, which is increasingly making its presence felt in the $5.2 trillion listed ecosystem.

Stocks Crash: Worst Week in Years

Stocks Crash: Worst Week in Years

Rediff.com   21 Dec 2024

The week's losses wiped out investor wealth worth Rs 18.43 trillion, with the total market capitalisation of BSE-listed firms now at Rs 441 trillion.