Fewer people participated in MGNREGA during the first six months of this financial year (April-September) compared to the same period last year, a recent analysis of the scheme's performance by LibTech showed.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
According to IRDAI, Marsh India had held the premium received from the clients in an Insurance Bank Account for more than 15 days and did not remit the premium to the insurer/reinsurer within the time limit of 15 days.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
Although no fresh arrests were reported in the case, the Central Bureau of Investigation continued with its questioning of top officials of the RG Kar Hospital.
Credit card spending in September recorded strong growth of 25 per cent year-on-year (Y-o-Y), marking the highest increase in six months. Even as many banks saw higher slippages during the July-September quarter of 2024-25, spending growth exceeded 20 per cent for the first time since February. According to the latest data released by the Reserve Bank of India (RBI), September spending reached Rs 1.76 trillion, compared to Rs 1.42 trillion in the same period a year ago. In August 2024, credit card spending was Rs 1.68 trillion.
The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27 per cent of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit -- the gap between expenditure and revenue -- was at Rs 4,35,176 crore as of August-end, according to data released by the Controller General of Accounts (CGA). The deficit stood at 36 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
The top court on Monday directed the protesting resident doctors to resume work by 5 pm on Tuesday, observing that if "there is continued abstention from work, there may be a likelihood of adverse action".
From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.
Sporadic incidents of unrest marred the West Bengal bypolls, with a local Trinamool Congress worker Ashok Shaw dying following a crude bomb attack in Bhatpara, an area adjoining Naihati assembly constituency where voting was underway.
A distraught Harmanpreet Kaur slammed India's below-par showing after they suffered a 58-run thrashing at the hands of New Zealand in their Women's T20 World Cup opening match.
Alternative investment funds (AIFs) - investment vehicles favoured by the affluent - have topped $50 billion (Rs 4.3 trillion) in total investments for the first time during the April-June quarter, according to the latest data from the Securities and Exchange Board of India. The industry's commitments have approached Rs 12 trillion ($140 billion), marking a 40 per cent increase over the past year. The amount raised and deployed stood at Rs 4.74 trillion ($56 billion) and Rs 4.32 trillion ($51 billion), respectively, the data shows.
Harmanpreet, Mandhana, Jemimah hold key to India's T20 World Cup campaign
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
You can explore the option of talking directly to the manager, suggests rediffGURU Archana Deshpande.
Poet, writer and former IPS officer Keki N Daruwalla, whose magic with words gained him national and international repute, has died at a Delhi hospital after prolonged illness and a spell of pneumonia. He was 87.
Varun Tej's committed performance somehow rescues Matka from being a pointless venture with stylish flourishes and interesting ideas, observes Arjun Menon.
Earlier this week, Chadha filed a defamation suit before the high court against Ghosh for making a "false,baseless, indecent and derogatory" statement and sought damages.
Benchmark indices Sensex and Nifty climbed to fresh all-time highs on Thursday driven by buying in auto shares amid a sharp rally in Asian markets. The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12. During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent.
Roundup of matches across various venues in the Ranji Trophy 2024-25
Rammu Guru, the head priest of the temple, said, "Sai Baba was being worshiped without proper knowledge, which is forbidden according to scriptures."
In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.
India must quickly move on from Friday's shock defeat against New Zealand to revive their fortunes in the women's T20 World Cup, batter Jemimah Rodrigues said.
India women's head coach Amol Muzumdar exhorted the side to push behind the 'hurt' of the T20 World Cup and regroup for the three-match ODI series against New Zealand
'I often wondered while watching the film/trilogy, what if Durga had lived. What if Ray made The Durga Trilogy.' Sandip Roy looks back at Pather Panchali's Durga and the woman who brought her alive, Uma Dasgupta.
Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.
Roundup of matches across the country in the ongoing BCCI Ranji Trophy
Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.
Ending the logjam persisting for 42 days in the wake of the rape and murder of a young doctor at RG Kar hospital, the agitating medics withdrew the 'cease work' after holding a march to the Central Bureau of Investigation (CBI) office in Salt Lake in Kolkata from the state health department's headquarters, where they had been demonstrating for over a week.
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
The Trinamool Congress Friday appointed former party MP Arpita Ghosh as its state general secretary, two days after the Rajya Sabha chairman accepted her resignation from the Upper House.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
Chadha had last week filed a defamation suit against Ghosh for making a "false, baseless, indecent and derogatory statement "against her.
Smriti Mandhana showered praise on skipper Harmanpreet Kaur and said that the 35-year-old is fierce and always gives her best.
Foreign portfolio investors (FPIs) withdrew Rs 14,790 crore ($1.8 billion) from financial stocks in the first half of August, driven by global risk aversion sparked by US recession fears. Additional factors contributing to the decline in banking stocks included subdued earnings growth in the June quarter, concerns about slowing deposit growth, and stricter liquidity norms imposed by the Reserve Bank of India.
Vivrant Sharma and Abid Mushtaq made contrasting fifties in Jammu and Kashmir's four-wicket win over Tripura on the third day of their Ranji Trophy Elite Group A match in Jammu on Friday.
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
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