India's forex reserves dropped by $3.05 billion to $699.74 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by $4.85 billion to $702.78 billion.
'With new technology and stricter checks, cheating on taxes is just not worth it anymore.'
The story of the Bombay Stock Exchange and the people who shaped its growth: From wars and bomb blasts to speculators, reformers and wealth creators.
IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and managing director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week.
From tackling visa woes to admission counselling, rediffGURU Dr Karan Gupta helps you choose the right course and country to study abroad.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Revolving credit without full repayment causes interest to outpace repayment capacity, and leads to financial distress.'
'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
Group Captain Shubhanshu Shukla, India's second astronaut, shares his journey from a shy child hearing stories of Rakesh Sharma to becoming part of the Axiom-4 mission to the International Space Station. He emphasizes the role of the IAF in his transformation and inspires India's youth to explore space.
We need to bring cricket and glory back to Chinnaswamy Stadium: Venkatesh Prasad
Do not sound as if you intend to permanently settle overseas, warns Ritika Gupta, CEO and counsellor at AAera Consultants.
Large tariffs by the United States administration and elevated geopolitical risk have increased near-term global financial stability risks, and along with weather events pose downside risks to domestic growth, Reserve Bank of India (RBI) Governor Sanjay Malhotra said in the foreword to the Financial Stability Report released on Monday.
'That way you're not hostage just to US sort of exports to India.'
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
'It is for the first time in Independent India that collection of information on caste is being done.'
'There is responsibility to make great games that are played by audiences, that fill the gap from an entertainment perspective.'
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
The ideal time to invest in sector funds, is during a downturn so that investors can capitalise on a turnaround in 1.5 to 2 years.
Infosys commits to hiring 20,000 graduates amid industry-wide layoffs and uncertainty.
India's forex reserves dropped by $1.01 billion to $697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by $2.29 billion to $698.95 billion.
In trade negotiations, as in chess, sometimes you need to accept a temporary disadvantage to secure a better long-term position, points out Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura.
State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.
When the market is down, you can buy more units, which offers you the rupee cost averaging. But the question here is, with so many options available in the market, which one should you choose? Keep reading to get the answer.
The land pooling policy aims to kick-start a new wave of urbanisation in the predominantly rural state.
'The way the anticipation is built up for Gabbar Singh's introduction scene with sound, image and details of his personality, like the combat boots he wears.' 'The camera comes so close -- not a tele lens shot, but a wide-angle close-up -- that you can almost smell Gabbar's breath.'
'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.'
Asset quality within the non-banking financial sector (NBFCs) deteriorated with the share of stressed assets rising to 5.9 per cent in March 2025 from 3.9 per cent in September 2024, according to the Reserve Bank of India's Financial Stability Report (FSR). Slippage ratios among upper layer NBFCs have been rising, along with an upward trend in loan write-offs.
Global brokerage CLSA has lowered its target price for IndusInd Bank from Rs 1,200 to Rs 900 while maintaining an outperform rating on the stock after the private lender disclosed a net worth hit of Rs 1,500 crore due to an accounting gap. The revised price target still implies an upside of 34 per cent from current levels.
This is not the first time that a large number of people have died in stampedes at temples and other religious gatherings over the years in India.
'For 40 years, India valued only technical skills. IITs, coding -- that became everything.' 'Soft skills were sidelined. But those are the skills that will keep you employable now, not technical skills.'
Ten Indian construction workers were rescued from a West Bank village where they had been held for over a month after being stripped of their passports. Palestinians lured the workers to the village with the promise of work and then took their passports and tried to use them to cross into Israel. The workers were rescued in an overnight operation led by the Israeli Population and Immigration Authority, the IDF, and the Justice Ministry. They have been transferred to a safe location until their employment status is determined.
A recent World Bank report placing India among the most equal countries globally may present a limited view of inequality, with economists suggesting that broader data sets could tell a different story. According to the report, India's Gini index (or coefficient/ratio), a key measure of inequality, stood at 25.5 in 2022-23, placing the country fourth globally in terms of equality, behind only the Slovak Republic, Slovenia, and Belarus.
IndusInd Bank on Tuesday fire-fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses.
Many high-profile IPOs in India since 2021 have destroyed investor wealth due to overvaluation, weak business models, and post-listing disinterest, turning 1 lakh investments into as little as 3,500.
Will Mamata's bhasha andolan campaign sway Bengal's bhadralok before the 2026 election in the TMC's favour?
The water level of Modaksagar dam, a key water source for Mumbai, is nearing full capacity, prompting alerts for nearby villages and residents.
India's consumer price index (CPI)-based retail inflation rate is likely to have cooled further in June, thus remaining below the 4 per cent target of the Reserve Bank of India (RBI) for a fifth consecutive month, giving the central bank wiggle room to focus on growth. Economists reckon that the decline is on account of easing prices in various categories of goods, especially food items, and a favourable base effect.
Sebi aims to stay proactive as HFT and quant firms like Citadel Securities, Optiver, Millennium, and IMC Trading are expanding rapidly in India, which is home to the world's largest derivatives market by contracts traded.
The foreign degree no longer sells itself, families are doing the math, and for many, the numbers just don't add up.
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