Search results for 'Financial Development'

How CBI Is Tackling Widespread Builder-Banker Fraud

How CBI Is Tackling Widespread Builder-Banker Fraud

Rediff.com8 Jun 2026

The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.

After Trent, Noel Tata to step down as Voltas chairman

After Trent, Noel Tata to step down as Voltas chairman

Rediff.com30 Jun 2026

Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.

Geopolitical tensions, inflation data to dictate gold and silver prices

Geopolitical tensions, inflation data to dictate gold and silver prices

Rediff.com13 Jul 2026

Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.

Experion Developers' Plea Rejected in Delhi High Court Amid Fraud Investigation

Experion Developers' Plea Rejected in Delhi High Court Amid Fraud Investigation

Rediff.com28 Mar 2026

The Delhi High Court has declined to grant interim relief to Gurugram-based Experion Developers Private Limited, who sought to quash an FIR registered against them by the Economic Offences Wing of Delhi Police on charges of fraud.

FIDE's AICF Nomination Stirs Hornet's Nest

FIDE's AICF Nomination Stirs Hornet's Nest

Rediff.com25 Jul 2026

FIDE's decision to shortlist the All India Chess Federation for a prestigious FIDE Excellence Award has ignited a fierce debate within the Indian chess community.

Corporate bond market raises Rs 16,000 crore, momentum to continue

Corporate bond market raises Rs 16,000 crore, momentum to continue

Rediff.com4 Jul 2026

The Indian corporate bond market witnessed a significant surge, with companies raising nearly Rs 16,000 crore in a single day, primarily led by state-owned financial institutions and NBFCs. This strong momentum, driven by improved borrowing conditions and investor confidence, is expected to persist.

India's Badminton Future: BAI Seeks Partners For New League

India's Badminton Future: BAI Seeks Partners For New League

Rediff.com15 Jun 2026

The Badminton Association of India (BAI) has invited Expressions of Interest (EOI) from various organisations to conceptualise, develop, and manage a new professional badminton league in India. The initiative aims to create a sustainable league structure focused on commercialisation, fan engagement, and long-term growth of the sport. Interested parties must demonstrate strong financial capability and experience in managing sports leagues, with proposals due by June 30.

Smriti Irani Accuses TMC of Corruption, Promises Financial Aid for Women in West Bengal

Smriti Irani Accuses TMC of Corruption, Promises Financial Aid for Women in West Bengal

Rediff.com15 Apr 2026

Senior BJP leader Smriti Irani has criticised the TMC government in West Bengal, alleging corruption and failure to ensure women's safety. She promised a monthly cash support of Rs 3,000 for every woman if the BJP is voted to power.

Hideki Makihara Sparks Bullet Train Row

Hideki Makihara Sparks Bullet Train Row

Rediff.com18 Jul 2026

In a social media post, former Japanese minister Hideki Makihara blamed the Indian side's approach to the project as being one of 'sheer chaos', of not keeping promises, and of continuously 'pushing their own self-interest'.

SC to hear plea for probe into Ram temple embezzlement on July 13

SC to hear plea for probe into Ram temple embezzlement on July 13

Rediff.com10 Jul 2026

The Supreme Court is set to hear a batch of petitions on July 13 seeking a fair and time-bound probe into the alleged embezzlement of donations at the Ram temple in Ayodhya, with petitioners requesting a CBI investigation and a CAG audit of the temple trust's finances.

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Rediff.com3 Jul 2026

Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.

India's Defence Trade Hits Record High

India's Defence Trade Hits Record High

Rediff.com3 Jul 2026

The arms trade surplus grew tenfold, reaching $691 million in FY26 from $63 million in FY18.

Meta launches Muse Image AI: Why you should be worried

Meta launches Muse Image AI: Why you should be worried

Rediff.com9 Jul 2026

Meta's new Muse Image AI generator, which can create AI images from public Instagram accounts without explicit consent, has sparked significant privacy concerns and criticism over its 'opt-in-by-default' approach, raising fears of deepfakes and online impersonation.

Byju Raveendran Faces Singapore Jail Sentence

Byju Raveendran Faces Singapore Jail Sentence

Rediff.com15 Jul 2026

'The order has no practical effect unless and until he chooses to enter Singapore.'

Modi-Takaichi Summit Opens New India-Japan Chapter

Modi-Takaichi Summit Opens New India-Japan Chapter

Rediff.com7 Jul 2026

Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.

Rupee Exchange Rate Is Not Just A Number

Rupee Exchange Rate Is Not Just A Number

Rediff.com6 Jul 2026

If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

NBFC access to term money market may lift volumes by 40-60%

NBFC access to term money market may lift volumes by 40-60%

Rediff.com2 Jul 2026

The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.

Adani Power to invest Rs 2 trn over 5 years

Adani Power to invest Rs 2 trn over 5 years

Rediff.com25 Jun 2026

Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.

OYO parent Prism files updated IPO papers for Rs 6,650-cr fresh issue; no OFS

OYO parent Prism files updated IPO papers for Rs 6,650-cr fresh issue; no OFS

Rediff.com30 Jun 2026

Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.

Zomato, Zepto, Swiggy, Urban Company, Porter Challenge Karnataka Gig Workers Act

Zomato, Zepto, Swiggy, Urban Company, Porter Challenge Karnataka Gig Workers Act

Rediff.com1 Jul 2026

'If there are different laws governing the same subject, it can increase the compliance burden on platforms. The process would be easier and more transparent if there were a singular national-level law.'

Delhi Government Orders Audit Of Key Industrial Zones

Delhi Government Orders Audit Of Key Industrial Zones

Rediff.com8 Jun 2026

The Delhi government has announced a comprehensive audit of the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The audit, initiated by the DSIIDC, aims to identify financial irregularities, fund diversions, and their financial impact within these public-private partnership projects.

SBI Boosts YONO Platform With New AI Features And Digital Journeys

SBI Boosts YONO Platform With New AI Features And Digital Journeys

Rediff.com1 Jul 2026

State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.

Actor Rajpal Yadav gets 3 months jail in cheque-bounce cases

Actor Rajpal Yadav gets 3 months jail in cheque-bounce cases

Rediff.com10 Jul 2026

The Delhi High Court has upheld actor Rajpal Yadav's conviction in multiple cheque-bounce cases, sentencing him to three months' imprisonment and ordering him to pay over Rs 1 crore to the complainant in each of the seven complaints, with Rs 2 crore already paid to be adjusted.

July 8 Market Crash: 'Volatility Is Best Friend Of Investor'

July 8 Market Crash: 'Volatility Is Best Friend Of Investor'

Rediff.com9 Jul 2026

'Buy on dips, buy on dips and sell on rise.'

Big boost to Aatmanirbharta! India to develop 1000-kg aerial bomb

Big boost to Aatmanirbharta! India to develop 1000-kg aerial bomb

Rediff.com4 Apr 2026

The Indian defence ministry has initiated a project to indigenously design and develop a 1000-kg aerial bomb for the Indian Air Force (IAF), aiming to enhance self-reliance in the defence sector.

Assess Mythos Threat By June 30: RBI To Banks

Assess Mythos Threat By June 30: RBI To Banks

Rediff.com17 Jun 2026

'...A new challenge has emerged in the form of Mythos.'

SIT to re-audit Ayodhya trust's accounts of past 5 years

SIT to re-audit Ayodhya trust's accounts of past 5 years

Rediff.com3 Jul 2026

The Special Investigation Team (SIT) probing alleged embezzlement at the Ram temple in Ayodhya will conduct a re-audit of the Shri Ram Janmabhoomi Teerth Kshetra Trust's accounts for the past five years, following preliminary findings of large-scale irregularities.

Flipkart Strengthens Tech Leadership With Strategic AI And Fintech Appointments

Flipkart Strengthens Tech Leadership With Strategic AI And Fintech Appointments

Rediff.com12 Jun 2026

E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.

Flipkart Strengthens Tech Leadership With Strategic AI And Fintech Appointments

Flipkart Strengthens Tech Leadership With Strategic AI And Fintech Appointments

Rediff.com12 Jun 2026

E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.

AIFF hands ISL commercial rights to clubs in historic agreement

AIFF hands ISL commercial rights to clubs in historic agreement

Rediff.com8 Jul 2026

AIFF and ISL clubs have reached a landmark agreement that hands commercial rights to clubs while the federation retains regulatory control, paving the way for a club-led Indian Super League from the 2026-27 season.

VB G RAM G Faces Monsoon Test

VB G RAM G Faces Monsoon Test

Rediff.com9 Jul 2026

As MGNREGA comes to a close, both critics and supporters keenly eye VB G RAM G's performance.

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Rediff.com4 Jul 2026

'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'

The H-1 B Visa and the Fading American Dream

The H-1 B Visa and the Fading American Dream

Rediff.com8 Jul 2026

The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?

10 Questions Every First-Time Health Insurance Buyer Must Ask

10 Questions Every First-Time Health Insurance Buyer Must Ask

Rediff.com7 Jul 2026

The best time to buy health insurance is when you don't think you need it.

SBI Funds Management IPO: Why the 'moderate' valuation and what's next?

SBI Funds Management IPO: Why the 'moderate' valuation and what's next?

Rediff.com10 Jul 2026

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.

Why FPI Selling Hasn't Hurt Markets

Why FPI Selling Hasn't Hurt Markets

Rediff.com13 Jul 2026

Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.

'India call-up fulfilment of his dream': Yash Thakur's emotional tribute to late father

'India call-up fulfilment of his dream': Yash Thakur's emotional tribute to late father

Rediff.com7 Jul 2026

Vidarbha pacer Yash Thakur, 27, has received his maiden India call-up for the upcoming T20 International tour of Zimbabwe, a dream he shared with his late father.

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Rediff.com4 Jun 2026

BJP leaders Rajeev Chandrasekhar and B B Gopakumar have accused both the UDF and LDF governments of pushing Kerala into an economic crisis. They criticised the lack of solutions from the ruling fronts, highlighted the state's high public debt, and questioned the allocation of revenue for development versus salaries and pensions.

How Pramaana Labs Is Building Accountable AI With $27 Million Funding

How Pramaana Labs Is Building Accountable AI With $27 Million Funding

Rediff.com17 Jun 2026

AI firm Pramaana Labs, with a significant Indian workforce, has successfully raised $27 million in seed funding led by Khosla Ventures. The company aims to use these funds to advance its unique technology that converts complex knowledge into machine-verifiable truth, addressing the accountability gap in AI across regulated sectors like tax, healthcare, and financial compliance.

Trump by his side, Modi raises Indian sailors' deaths at G7

Trump by his side, Modi raises Indian sailors' deaths at G7

Rediff.com17 Jun 2026

Modi's comments on underlining the importance of ensuring the safety of seafarers came against the backdrop of growing anger in India over the killing of the three Indian crew members in a US military attack on a merchant ship off the coast of Oman last week.