'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'
The rapid rise of quick commerce is anticipated to create a substantial increase in the need for blue-collar workers, with India projected to require 2.4 million jobs by 2027, according to job matching and hiring platform Indeed. Quick commerce companies hired over 40,000 employees in the last quarter to handle increased festive shopping and e-commerce demand, Indeed India Sales Head Sashi Kumar said.
Foreign portfolio investors (FPIs) have invested Rs 25,300 crore through the anchor book for IPOs in 2024, surpassing the Rs 20,351 crore invested by domestic mutual funds (MFs). FPIs accounted for 46.6 per cent of shares sold in the anchor category, the highest share since 2021, according to PRIME Database.
Eighty-seven days after the body of a woman medic was found at state-run RG Kar Medical College and Hospital, a Kolkata court on Monday framed charges against the prime accused, Sanjay Roy.
Central Bureau of Investigation officers turned up at the home of former RG Kar Medical College principal Sandip Ghosh in Kolkata on Sunday.
India completed a whitewash of Ireland with a massive 304-run win in the third and final women's ODI
Enforcement Directorate (ED) officers on Friday conducted simultaneous search operations at the residences of Sandip Ghosh, the former principal of the state-run RG Kar Medical College and Hospital, and three of his associates in connection with alleged financial irregularities at the institute, an officer said.
The agency also arrested Abhijit Mondal, the officer in charge of Tala police station, for his alleged involvement in the rape and murder of an on-duty woman medic in the RG Kar Hospital, he said.
A policeman was also arrested in the rape and murder case, the official said.
Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at Rs 11.65 trillion, while advances increased 11.76 per cent Y-o-Y at Rs 9.63 trillion, outpacing deposit growth during the period. Domestic retail advances grew at a robust 19.5 per cent Y-o-Y to Rs 2.43 trillion.
Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. The prime minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
Shami plays sixth match in 11 days, bowls 15 dots
Officials said the three others who have been arrested are Ghosh's security guard Afsar Ali (44), and hospital vendors Biplav Singha (52) and Suman Hazara (46) who used to supply material to the hospital.
Shardul Thakur's second first-class hundred brought Mumbai back from the brink in their Elite Group A clash against Jammu and Kashmir at MCA BKC Ground in Mumbai on Friday.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
Mohammed Shami claimed three wickets further building on his match fitness, while Abhishek Porel smashed a blistering fifty
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
Suryakumar Yadav to announce the winner, and Yadav playfully approached Samson with a handshake before unexpectedly declaring Tilak Varma the winner.
Ananya Panday celebrated her birthday with family and the media, but she really wasn't done yet.
The Kolkata Police on Tuesday began an investigation against RG Kar Medical College and Hospital's former principal Sandip Ghosh for his alleged involvement in 'financial irregularities' in the state-run health facility, a senior officer said.
The Ireland women's team has never beaten India in the 12 ODIs they have played against them.
India's healthcare and pharmaceutical sectors raised Rs 14,811 crore through initial public offerings (IPOs) in 2024, the largest since 2019, driven by strong domestic demand amid expanding global opportunities. According to data, key contributors to the record fundraising included Sai Life Sciences (Rs 3,043 crore), IKS Health (Rs 2,498 crore), and Sagility India (Rs 2,107 crore).
From the 30-share Sensex pack, Adani Ports surged 6 per cent. NTPC, HDFC Bank, Bajaj Finance, Maruti and Axis Bank were among the other gainers. In contrast, Titan, State Bank of India, Asian Paints, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were among the laggards.
The duo progressed following their fine showing in India's victory over Pakistan in the women's T20 World Cup opener.
Deepti Sharma did the star turn with career-best figures of 6/31 before doing her bit with the bat as India completed a 3-0 whitewash of the West Indies
R G Kar Medical College's former principal Sandip Ghosh was found to be 'deceptive' while answering important questions on the rape and murder of a trainee woman postgraduate doctor during his polygraph test and layered voice analysis, officials said.
India's stand-in skipper Smriti Mandhana was disappointed that her bowlers put up a below-par performance as Hayley Matthews put them to sword with a blazing 85 not out as West Indies levelled the three-match women's T20I series with a resounding nine-wicket victory in Navi Mumbai on Tuesday.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
India defeated Ireland by six wickets in the first women's ODI to take a 1-0 lead in the three-match series in Rajkot on Friday.
Arshdeep Singh grabbed five wickets and opener Prabhsimran Singh smashed a marauding unbeaten 150 as Punjab defeated Mumbai by eight wickets
A Kolkata court on Saturday convicted prime accused Sanjay Roy of raping and murdering an on-duty doctor at the state-run RG Kar Medical College and Hospital, 162 days after the crime that sparked nationwide outrage and led to prolonged protests.
'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'
Gross GST collections grew 8.5 per cent to over Rs 1.82 lakh crore in November on account of increased sales spurred by the festive season.
Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.
When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.
Smriti Mandhana extended her purple patch with a classy knock before pacer Renuka Thakur excelled with the new ball
The decision to suspend the IMA membership of Ghosh, who is the vice president of the association's Kolkata branch, was taken by its disciplinary committee.
Recent attacks on Hindus in Bangladesh have ignited political debate in West Bengal, with the ruling TMC and opposition BJP utilizing the issue to advance their respective agendas. While the TMC emphasizes communal harmony and calls for international intervention, the BJP criticizes the TMC's inaction and links the situation to its push for the Citizenship Amendment Act. The issue has also brought other opposition parties into the fray, with all sides highlighting the interconnectedness of the region's socio-political fabric.
Central Bureau of Investigation (CBI) officers for the fourth consecutive day on Monday questioned the former principal of Kar Medical College, Sandip Ghosh in connection with their probe into the rape and murder of a woman doctor.
The investigators are unable to join several dots due to lack of evidence from the crime scene.
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