Months after picking up 24.21 per cent stake in private sector lender Yes Bank, Japan's Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India's (RBI's) in-principle approval for setting up a wholly owned subsidiary (WOS) in India.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Highlights of the Economic Survey 2025-26
India will maintain multiple sources for crude oil purchases and diversify them to ensure stability in the supply chain with national interests remaining the "guiding factor" for the procurement, Foreign Secretary Vikram Misri said.
Indian Super League: Jamshedpur FC beat Mohammedan SC 1-0 at home, Bengaluru FC beat Sporting Club Delhi.
Silver prices on Thursday breached the record Rs 4 lakh per kilogram mark in futures trade, while gold touched a lifetime high of Rs 1.8 lakh per 10 grams, riding on strong investor demand and record gains in the international markets.
Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks.
Bangladesh has expressed a potential interest in procuring JF-17 Thunder fighter aircraft from Pakistan, according to a statement from the Pakistan military. The development came during a meeting between the air chiefs of both countries, focusing on strengthening operational cooperation and institutional synergy.
The highlight in January, with no surprise, has been flows into gold and silver ETFs.
India is closely monitoring developments related to a proposed American legislation that seeks to impose up to 500 per cent tariff on countries procuring Russian crude oil.
Sometimes, the most powerful Budgets whisper and the wisest investors listen, notes Ramalingam Kalirajan.
Domestic equities surged on Tuesday, posting their best single-day gains in more than eight months after a long-awaited trade deal between India and the US. The deal, which lowered tariffs on Indian goods to 18 per cent from 50 per cent, significantly improved investor sentiment and lifted a key overhang for the market.
Overlap refers to the same stocks appearing across fund portfolios.
The turning point came with the appointment of Sergio Gor as the US ambassador to India.
'There is a challenge in repositioning yourself, maybe reinventing yourself.'
US Treasury Secretary Scott Bessent indicated a potential pathway to remove tariffs imposed on India for purchasing Russian oil, citing a significant decrease in such purchases. He also criticized Europe's approach and accused India of profiting from discounted Russian oil.
'Based on the joint statement, a formal agreement will be drafted, which may take a month or month-and-a-half to finalise. We aim to sign the formal agreement by mid-March.'
Penguin Random House India (PRHI) has issued a clarification regarding its book publication process amid a controversy surrounding former army chief MM Naravane's memoir, 'Four Stars of Destiny'. The publisher emphasized that announcing a book, making it available for pre-order, and publishing it are distinct stages, responding to claims made by Congress leader Rahul Gandhi.
Though some ingredients such as mild odours or silicones might not be actually harmful, others such as sulphates, parabens or formaldehyde releasers can result in skin irritation, hormonal imbalances and skin barrier damage, advises Dr Ameesha Mahajan.
The total reserves increased to $701.3 billion on the back of a rise in foreign currency assets which increased by $9.6 billion to $560 billion during the reported week.
In the wake of the FTA between India and the European Union, the United States has described the Europeans as 'very disappointing', saying they were unwilling to join Washington, DC in putting tariffs on New Delhi for its purchases of Russian oil because of this trade deal.
In a move aimed at curbing the mis-selling of financial products, the Reserve Bank of India (RBI) has proposed banning incentives paid to bank staffers by third parties such as insurance companies and mutual fund houses for selling their products and services. It has also proposed that banks must ensure their user interfaces do not deploy "dark patterns" to lure customers.
'In the last one year, we have added more than Rs 1.7 trillion, and we are on track.'
'This leading filmmaker told me: "Don't let the industry cake you up with makeup and wigs. You are a breath of fresh air".'
Prime Minister Narendra Modi inaugurated the Northeast's first Emergency Landing Facility in Assam, boosting regional defense and disaster response capabilities.
Gandhi read out Gen Naravane's social media post on X (then Twitter), which said, 'Hello friends. My book is available now. Just follow the link. Happy reading. Jai Hind.'
'Whether we like it or not, we have been separated by the Meiteis and therefore we have put up our demand for a separate administration in the form of a Union territory with legislature.' 'For us lasting peace is the achievement of our demand.'
Rediff explains why the system, not the Budget, is the problem.
You can compound money. You cannot compound being young and stupidly in love. So? 'Don't Play Small' this Valentine's Day
Replacing over a third of India's oil imports at competitive rates is going to be a challenge, said traders from State refiners, even though some progress was made in the last two months.
Seasoned South African opener Quinton de Kock returned to his old base Mumbai Indians for a base price of Rs 1 crore.
'People become guided by emotions, fear of missing out, and greed. They tend to invest in booming sectors that may prove exceptionally expensive.' 'Typically, that represents the peak, and subsequently, they lose substantially.'
Both countries commit to provide each other preferential market access in sectors of respective interest on a sustained basis
Benchmark indices Sensex and Nifty ended lower on Thursday, snapping a three-day rally, amid a weak trend in global stock markets.
The most common mistake is investing without assessing suitability and long-term implications.
NPS Vatsalya offers a disciplined investment avenue that parents can use to create intergenerational wealth by contributing even small sums.
This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.
Finance Minister Nirmala Sitharaman launched a strong attack on Rahul Gandhi and the Congress party, accusing them of compromising India's interests on the world stage and selling out farmers and the poor during their time in power.
Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors that led to a shortfall in tax payment.
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