Iran's Islamic Revolutionary Guard Corps (IRGC) claims to have captured a US unmanned submersible near the Strait of Hormuz and launched ballistic missile strikes against a US airbase in Jordan and two US Navy destroyers. These actions are stated as retaliation for recent US attacks on Iranian oil tankers. The US Central Command (CENTCOM) had previously reported destroying Iranian crude oil carriers after IRGC missile attacks on US warships. The escalating tensions have led to regional air defence activations and warnings to tanker crews.
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
'Since the category has a limited track record, assess the fund manager's experience across equity and debt market cycles rather than relying only on past returns.'
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
rediffGURU Nagarajan JSK, a career counsellor with over 30 years of experience, addressed readers' queries and offered practical advice on how to make the right decision.
The Indian Coast Guard ship Varad successfully brought two Chinese survivors of a sunken Panama-flagged bulk carrier to Paradip, Odisha. The MV Ocean Winner, carrying 24 crew members, sank in the Bay of Bengal on August 22. Coordinated sea and air search operations are ongoing to locate the remaining missing crew members.
Oriental Insurance has insured around 100 Ganesh pandals this year compared with only 20-30 last year.
Kris Srikkanth backs 15-year-old Vaibhav Sooryavanshi to become a world cricket superstar, citing his fearless batting, Duleep Trophy heroics, IPL dominance and potential across all three formats.
Rajasthan Police in Pratapgarh has frozen assets worth approximately Rs 80 lakh belonging to an alleged drug trafficker, Asad Iqbal, under the SAFEMA and NDPS Act. The action, part of 'Operation Trinetra', followed a financial investigation into his illegal earnings from inter-state drug trafficking, after his arrest for opium possession.
India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth.
Today, many investors are less concerned about holding bullion physically. What matters more is gaining exposure to price movements. As a result, the new-age investment trend has shifted more towards ETFs.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
The Enforcement Directorate has attached fresh assets worth more than Rs 11 crore as part of its money laundering investigation into the illegal operation of a Goa nightclub where 25 people were killed in a massive fire in December last year.
Ravindra Jadeja's rare ability to influence matches with bat, ball and outstanding fielding has earned him Geoffrey Boycott's admiration, placing the Indian veteran above several modern batting greats.
Novak Djokovic is aiming for a record 25th Grand Slam title at the U.S. Open, but recent physical struggles, particularly in high heat and humidity, raise questions about his ability to endure the demanding tournament. Despite his experience, the 39-year-old faces a challenging field and needs to manage his energy carefully to achieve his historic goal.
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
The Anti-Corruption Bureau has registered a case of disproportionate assets against an official of the Hyderabad Metropolitan Water Supply and Sewerage Board and found assets worth over Rs 5.88 crore during searches.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
Examine the complete title chain to establish how the present owner acquired the property.
"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
US President Donald Trump on Friday (local time) said the United States could "hit" Iran's heavily fortified underground nuclear site known as Pickaxe Mountain "very soon", days after Washington targeted Iranian military targets.
India's foreign exchange reserves saw one of their largest weekly expansions, surging by USD 14.136 billion to reach USD 707.002 billion during the week ended August 7, according to the Reserve Bank of India.
A source familiar with US Treasury Secretary Scott Bessent's thinking revealed on Saturday that the department "intends to utilise all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran."
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
The Delhi High Court has dismissed a Public Interest Litigation (PIL) challenging the closure of Visakhapatnam Airport for commercial flights, directing the petitioner to approach the Andhra Pradesh High Court instead. The court cited "forum non conveniens," stating that the primary impact and cause of action lie in Visakhapatnam, where a similar PIL is already pending. The petitioner argued that the decision to close the existing airport for 30 years, transferring operations to a new airport 60 km away, was arbitrary and wasted public funds.
Gold prices in India extended their losing streak, falling by Rs 1,500 to Rs 1,60,900 per 10 grams, influenced by hawkish remarks from Federal Reserve Chair Kevin Warsh and rising oil prices, which have increased expectations of an interest rate hike.
Axis Bank has opened 50 new branches across India, while Abakkus Mutual Fund has surpassed Rs 10,000 crore in AUM. YES Bank launched a new credit card for women, and J&K Bank partnered with HDFC Life to enhance its insurance offerings, showcasing significant growth and strategic developments in the Indian financial sector.
The Odisha Vigilance Department has uncovered significant assets, including multiple buildings and plots of land, allegedly belonging to a government engineer, prompting an investigation into disproportionate assets.
Prime Minister Narendra Modi, addressing the SCO summit in Bishkek, called for a united front against terrorism and its financing, rejecting double standards. He emphasised resolving conflicts through dialogue and diplomacy, not battlefields. Modi also highlighted that connectivity projects must respect national sovereignty and territorial integrity, a veiled reference to China's Belt and Road Initiative. India's vision for SCO rests on security, connectivity, and opportunity.
The Enforcement Directorate conducted raids across Maharashtra and Gujarat as part of a money laundering investigation against Mohammad Salim Dola, an alleged drug trafficker associated with the Dawood Ibrahim gang.
Newly listed companies Vedanta Aluminium Metal, SBI Funds Management and Manipal Health Enterprises have entered the Rs 1 trillion mcap list since March 2026.
Karnataka Home Minister Priyank Kharge stated in the Legislative Council that no cases of communal riots or other crimes have been registered against the RSS. This statement, made in response to an opposition query, has sparked a political controversy, with the BJP criticising Kharge, a vocal RSS critic, for his alleged "political vendetta." Kharge, in turn, clarified that the RSS is not a registered legal entity, and therefore, cases are registered against individuals, not the organisation itself, calling for its registration for transparency.
An Indian national, Jay Sunilbharthi Goswami, has been arrested and charged in the US for his alleged role as a "money mule" in a multi-million-dollar internet and telephone fraud scheme targeting elderly victims. Goswami, a Gujarat native, was detained in Canada while attempting to flee to Qatar, facing charges including wire fraud and money laundering.
A government engineer in Odisha's Bhadrak district is under investigation after the Vigilance Department allegedly discovered multiple assets, including land plots and residential buildings, disproportionate to his known income sources.
The United States Central Command announced strikes against Iranian military targets, including air defence and communication sites, in retaliation for alleged attacks on commercial shipping and US personnel. However, Iran's Foreign Ministry claims these strikes caused over 50 civilian casualties at a wedding and vowed a firm response. Iran's state media also reported retaliatory ballistic missile and drone attacks on US bases in Jordan and Bahrain, claims which were partially corroborated by Kuwait and Jordan reporting intercepted drones and missiles.
'Now the institutions which have the might of law invested in them think that whatever they do is right.'
Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
