SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
A young woman in Kanpur, Uttar Pradesh, staged a dramatic Sholay-style protest by climbing a high-tension transmission tower to demand her jailed husband's release.
Gurugram police detained 226 people for allegedly consuming alcohol in public places during a special late-night drive aimed at curbing crime and tightening security across the city.
The report notes that equities had faced pressure from elevated valuation premiums, subdued nominal gross domestic product (GDP) and earnings growth, sustained foreign portfolio investor (FPI) selling, artificial intelligence (AI) infrastructure euphoria, and external shocks including US tariffs and a spike in crude oil prices due to geopolitical tensions in West Asia. However, several of these factors are now reversing.
Newly appointed Bengal Industries Minister Tapas Roy has announced ambitious plans to attract significant investments, particularly from the Tata Group, to revive industrial growth in West Bengal. He aims to restore investor confidence, bring back businesses that left the state, and create an industry-friendly environment focused on manufacturing, services, and renewable energy.
Two individuals have been apprehended in Jamshedpur, Jharkhand, concerning the murder of a 24-year-old man, allegedly a revenge killing for a previous murder.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
A 70-year-old woman was allegedly beaten to death in Jharkhand's East Singhbhum district by a man suspected to be mentally unstable. The incident occurred in a forest near Kundrukocha village when the victim was collecting mahua seeds. The accused is currently under police custody and undergoing treatment.
Three people were arrested in Gurugram for allegedly creating a ruckus and assaulting a security guard at a housing society after playing loud music from their SUV.
A man in Aligarh, Uttar Pradesh, has been arrested for allegedly strangling his 19-year-old daughter to death after opposing her relationship with a neighbour.
Gurugram Police have arrested a man from Hapur, Uttar Pradesh, for his alleged involvement in an Rs 8.30 lakh cyber fraud. The accused provided his bank account, which was used to receive the cheated amount from a victim who was subjected to a "digital arrest" by fraudsters impersonating government officials. The investigation is ongoing to trace other individuals involved.
Gurugram Police have arrested a man from Hapur, Uttar Pradesh, for his alleged involvement in an Rs 8.30 lakh cyber fraud. The accused provided his bank account, which was used to receive the cheated amount from a victim who was subjected to a "digital arrest" by fraudsters impersonating government officials. The investigation is ongoing to trace other individuals involved.
Divestment has emerged as a priority for the government following a moderation in direct tax collections.
A new report by EY-Parthenon and CREDAI indicates that Generative AI (GenAI) could inject USD 14-17 billion into India's real estate economy over the next seven years. The technology is expected to significantly enhance operational efficiency, boost sales velocity by 30-50 per cent, and accelerate product launches, offering competitive differentiation and improved customer experiences for developers.
Gurugram police have arrested five individuals in connection with a Rs 42.92 lakh digital arrest scam. The fraudsters posed as CBI officers, intimidated a victim, and coerced them into transferring a large sum of money. The arrested individuals include account holders and those who withdrew the defrauded cash.
The Indian government has ratified an 8.25 per cent interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, with over seven crore contributing members expected to see this credited to their accounts this month.
UPI transactions in India reached record highs in May, driven by summer travel and the IPL, with transaction value hitting Rs 29.90 lakh crore and volume reaching 23.2 billion.
The EPF should remain a retirement nest egg, not be turned into an emergency fund.
Rameswaram temple elephant enjoys refreshing pool bath amid intense summer heat.
A man in Jharkhand's Chatra district allegedly killed his mother's boyfriend and buried the body in a forest. Police have arrested three accomplices and are searching for the main accused, with the murder allegedly triggered by a dispute over the relationship.
Two men in Gurugram hired an SUV from a rental shop and sold it in Rajasthan for Rs 2.3 lakh. Police arrested the accused, who have a prior criminal history.
Excise department and police seized 292 bottles of foreign liquor from a flat in Gurugram and booked a liquor trader for illegal storage and suspected illegal sale.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Gurugram Police have arrested a 50-year-old owner of a real estate firm for allegedly duping people of crores by promising land agreements.
Maharashtra Congress president Harshwardhan Sapkal criticised the state government over the law and order situation, alleging a rise in crimes against women and questioning the administration's priorities.
rediffGURU Anu Krishna, mind coach and co-founder of Unfear Changemakers, counsels a married woman how to come to terms with her husband's affair.
India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.
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Gurugram Police have arrested two individuals for allegedly stealing tyres and rims from vehicles parked in residential areas and along roadsides. Authorities recovered numerous stolen items from the accused, including tyres, rims, and alloy wheels.
Analysts predict that inflation data, the US Federal Reserve's interest rate decision, and crude oil price trends will be the primary factors influencing the movement of Indian stock markets. Geopolitical developments, particularly the US-Iran deal, and foreign investor activity will also play a crucial role.
A 17-year-old schoolgirl in Gurugram, India, allegedly died by suicide after being harassed, according to police reports. Investigations are underway, focusing on chats found on her mobile phone and a note indicating threats from a young man.
A 30-year-old woman was found murdered in her Koderma home, with her throat slit. Police are investigating the incident and questioning family members.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
...and 3 lakh for harassment.
A fruit trader in Gurugram was allegedly stabbed to death following a dispute over a parked vehicle at Khandsa Mandi, with CCTV footage capturing the incident.
Info Edge, the parent company of naukri.com, has invested over 1,000 crore in more than 50 artificial intelligence (AI) and deep-tech startups since 2020, demonstrating its commitment to fostering India's emerging technology ecosystem.
India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.
A young woman was allegedly molested and assaulted outside a club in Gurugram's Sector 65. Police have registered an FIR and are investigating the incident.
Holoflex Ltd, a leading anti-counterfeiting and security solutions provider, plans to invest Rs 30 crore over the next two years to establish a second manufacturing facility. This expansion is driven by increasing demand for integrated brand protection solutions and growing concerns over counterfeit products across various sectors, including essential goods. The company aims to significantly boost its revenue and strengthen its position in the rapidly growing anti-counterfeiting market.
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
