Morocco's impressive rise in global football is uniquely funded by its vast phosphate reserves, with the state-owned OCP Group investing heavily in national team development. This strategic investment, driven by a royal directive, supports training academies and infrastructure, contributing to the nation's recent successes like reaching the 2022 World Cup semi-finals and hosting the 2025 Africa Cup of Nations. The country's abundant phosphate resources provide a stable economic base for these ambitious sporting endeavours.
Indian benchmark indices Sensex and Nifty experienced a decline in early trade, mirroring weak global market trends and persistent outflows from foreign institutional investors (FIIs), exacerbated by ongoing geopolitical uncertainties in West Asia.
Eight individuals have been arrested in Ayodhya in connection with the alleged embezzlement of donations received at the Ram temple. The arrests follow an FIR lodged by a member of the Shri Ram Janmabhoomi Teerth Kshetra Trust, based on recommendations from a Special Investigation Team. The accused were involved in counting cash and valuables and face charges including theft and criminal breach of trust.
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
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.
One 97 Communications, operating as Paytm, announced that its subsidiary, Paytm Europe Payments, has secured a payment institution licence from Luxembourg's financial regulator, CSSF, effective July 2, 2026. This licence permits services like execution of payment transactions, credit transfers, and acquiring payment transactions, marking a significant step in Paytm's European expansion strategy, supported by a recent 9 million euro investment from Paytm Cloud Technologies Limited.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
The CBI has arrested five individuals, including a key figure, in connection with the LUCC chit fund scam in Uttarakhand, which involves over Rs 400 crore. The case concerns alleged irregularities by the Loni Urban Multi-State Credit and Thrift Co-operative Society (LUCC), accused of enticing investors into unregulated schemes.
The Central Bureau of Investigation (CBI) has arrested Sanjit Chakraborty, a proclaimed offender allegedly involved in two chit fund scam cases in Tripura involving over Rs 7.75 crore. Chakraborty was arrested in Kolkata after being absconding since 2013.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
Indian benchmark equity indices, Sensex and Nifty, saw early gains driven by strong buying in blue-chip bank stocks, fresh foreign fund inflows, and a decline in global crude oil prices, boosting investor confidence.
The Delhi High Court has granted interim bail to Baramulla MP Sheikh Abdul Rashid, who is accused in a terror-funding case, following the death of his father. The bail is effective until June 2, with strict conditions including police escort and restricted movement.
Equity-oriented mutual fund schemes in India experienced a 5 per cent decline in net inflows in April, reaching Rs 38,440 crore, while monthly Systematic Investment Plan (SIP) contributions also saw a decrease.
Hybrid mutual fund schemes attracted significant inflows of Rs 1.55 lakh crore in FY26, a 29 per cent increase, as investors increasingly opted for diversified investment strategies to navigate volatile market conditions and geopolitical tensions.
Your children may always love you but should you expect them to to finance your retirement in today's economy?
India's artistic gymnastics squad is undergoing a three-week training camp in London before heading to Glasgow for the Commonwealth Games. The camp, funded by SAI, aims to fine-tune preparations for both men's and women's teams, including Olympian Pranati Nayak. The team will travel directly to Glasgow on July 20.
For members, the message is simple: don't be misled by headlines about '100% withdrawal'. The basic purpose of the EPF remains unchanged -- to help employees build a financial cushion for retirement while allowing limited access to savings for genuine needs during their working lives.
Indian golfer Karandeep Kochhar voices concerns about the uncertainty surrounding LIV Golf-backed funding and its potential impact on the Asian Tour and Indian golf.
Kerala, Tamil Nadu and West Bengal have been fiscally stressed for a considerable period of time, and there are no easy ways to mobilise revenues to meet the cost of the promised freebies, particularly in the prevailing difficult economic scenario, points out M Govinda Rao.
Tata Motors is set to acquire Italy's Iveco Group, a strategic move aimed at propelling the Indian automaker into the top four global commercial vehicle (CV) manufacturers, with projected annual revenues of $35 billion-$40 billion within five years.
Indian benchmark indices, Sensex and Nifty, experienced a decline in early trade due to uncertainty surrounding the upcoming US-Iran negotiations in Doha. Foreign fund outflows and a dip in major IT stocks further contributed to the market's cautious sentiment, despite mixed performance in global markets.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
The 22nd Delhi International Open Grandmasters Chess Tournament, scheduled for January 2027, will feature a record-breaking prize pool of Rs 1.32 crore, making it the open tournament with the highest prize money globally. The event will have three categories, attracting FIDE-rated players, Grandmasters, and amateurs alike, with over 3,000 participants expected. This tournament has historically been crucial for developing Indian chess talent, including stars like D Gukesh and R Praggnanandhaa, and aims to establish New Delhi as a global chess hub.
The Supreme Court has declined an urgent hearing on a plea demanding a fair and time-bound investigation into alleged embezzlement of donations at the revered Ram temple in Ayodhya, deferring the matter until after the summer break.
The Union Home Ministry has designated 23 individuals based in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK) as terrorists under the Unlawful Activities (Prevention) Act (UAPA) for their involvement in infiltration, recruitment, logistics, financing, and operational planning targeting India.
Shiv Sena (UBT) chief Uddhav Thackeray criticised the BJP, accusing it of betraying Hindus by allegedly embezzling donations for the Ram temple in Ayodhya. He vowed to lead protests for "BJP-mukt Ram" and questioned the BJP's Hindutva, calling it a "Pakistan Janata Party" for its alleged party-splitting tactics and questioning citizenship. Thackeray also targeted rebel MPs, including Sanjay Deshmukh, for their defection.
Rising study-abroad costs are prompting families to use education loans strategically while preserving savings, liquidity and long-term financial stability, says Yogesh Rawat
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
'Existing investors who have not acted so far may consider holding on to these funds with the understanding that the higher returns they expected from them may now take longer to materialise.'
Rebel Shiv Sena-Uddhav Balasaheb Thackeray MP Omprakash Rajenimbalkar has justified his crossover to the ruling Shiv Sena, saying if the people are gravitating towards power, he is merely following the trend.
rediffGURU Ulhas Joshi answers your mutual fund queries.
Samajwadi Party president Akhilesh Yadav has alleged that crores of rupees from donations made to the Ram Temple are missing, calling the situation "extremely sensitive" and "highly embarrassing." He has urged the court to take suo motu cognisance, while a member of the temple trust has suggested an inquiry if doubts persist.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
Senior Shri Ram Janmabhoomi Teerth Kshetra Trust functionary Champat Rai has reportedly resigned, stating his "service in Ayodhya is complete" due to the donation embezzlement controversy. He feels "betrayed," and his future, along with that of Trust member Anil Mishra, will be decided at a July 6 meeting. The controversy began with allegations from Samajwadi Party chief Akhilesh Yadav, leading to an SIT investigation, arrests, and Rai's resignation offer.
Ayodhya Police conducted simultaneous raids at the residences of eight individuals arrested in connection with the alleged embezzlement of donations at the Ram Temple. The raids followed their remand to judicial custody, with police expected to seek custodial remand. The accused were involved in counting donations, and investigators have recovered Rs 79.85 lakh so far in a case registered under various sections including the Prevention of Corruption Act.
Gujarat's Anti-Terrorist Squad (ATS) has arrested eight alleged members of the Pakistan-based terror outfit Jaish-e-Mohammed (JeM), including two teenagers, for attempting to establish an active terror network across Gujarat and Madhya Pradesh. The accused face charges under the Unlawful Activities (Prevention) Act and Bharatiya Nyaya Sanhita.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
Iran on Tuesday said that the Islamic Republic has "no plans" to hold any meetings with the United States in the coming days at any level, even as diplomatic engagements continue separately in Doha on the related implementation of the 14-point memorandum of understanding (MoU) aimed at ending the hostilities in West Asia.
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.
