Pakistan on Tuesday increased its defence budget by 20 per cent, allocating PRs. 2,550 billion ($9 billion) for the fiscal year 2025-26, amid tensions with India.
Investors may wait for six months and then take another look at the stock.
'Karur could still impact Jana Nayagan's box-office success if Vijay and the TVK do not get their act together,' points out N Sathiya Moorthy.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
The Congress party suffered a crushing defeat in the Delhi elections, failing to secure a single seat in the 70-member assembly for the third consecutive time. Key candidates, including Sheila Dikshit's son, Sandeep Dikshit, lost their deposits. The only consolation for the party was a slight improvement in its vote share, which they attribute to a vigorous campaign and a renewed focus on contesting elections independently. However, the defeat raises questions about the party's ability to compete in the upcoming 2024 Lok Sabha elections, particularly in light of its performance in other recent state elections.
Air India has cancelled eight flights, including four international services, on Friday due to enhanced maintenance and operational reasons, the airline said.
'Increasingly, they treat gold as a financial asset in their portfolio rather than just as jewellery.'
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
'They thought nobody would hit Bahawalpur and Muridke because they have nuclear weapons.' 'They used to think India cannot touch our military targets because we are a nuclear weapons country.' 'After Operation Sindoor we have called their bluff.'
'The Bhashini Mission has delivered a working technology at large scale, which is as good as or better than the one with MNC tech giants.'
In what can be construed as a relief to the BCCI, the Sports Ministry has amended the RTI-related provision of the National Sports Governance Bill, placing only those bodies under its ambit which rely on government grants and assistance.
'This type of comprehensive legislation has never been introduced before in Parliament's history.' 'A bill that simultaneously affects ministers, chief ministers, and the prime minister represents completely uncharted Constitutional territory.' 'Throughout our nation's legislative history, the established policy has consistently held that public office holders should face punishment only after receiving conviction from a competent court of law. Without this safeguard, we risk systematic destabilisation, and our federal structure would face complete collapse.' 'Any central government could potentially deploy this legislation against state governments they oppose politically. This represents the most frightening prospect and dangerous possibility that these bills create.'
The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Exporters said that the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.
The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.
The Gujarat Anti-Terrorist Squad (ATS) has busted a terror module and arrested four individuals for allegedly promoting the ideology of Al-Qaeda in the Indian Subcontinent (AQIS). The arrests were made in a multi-state operation, with the accused involved in sharing radical content on social media to incite violence and establish 'sharia' law in India.
Dhankhar, who represented the Kishangarh Assembly constituency as a Congress MLA from 1993 to 1998, received pension as a former legislator until July 2019. It was discontinued after he was appointed the governor of West Bengal.
There was such a rush that more counters were opened outside the GPO building, under the open sky, he added.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Investors should be mindful of the high volatility in cryptos: Bitcoin has fallen more than 80 per cent in past corrections.
West Bengal Chief Minister Mamata Banerjee criticizes Delhi Police for referring to Bengali as 'Bangladeshi national language,' sparking political controversy.
Amid rising tensions between India and Pakistan, the US has called on both countries "not to escalate" the conflict. Secretary of State Marco Rubio is expected to speak with the foreign ministers of Pakistan and India as early as today or tomorrow. The US State Department said Washington is reaching out to both India and Pakistan "regarding the Kashmir situation" and telling them "not to escalate the situation."
In what was perhaps the most critical meeting before full-scale war broke out, Shastri defined India's immediate war objectives to his defence minister, army, and air force chiefs: 'To defend against Pakistan's attempts to grab Kashmir by force and to make it abundantly clear that Pakistan would never be allowed to wrest Kashmir from India; To destroy the offensive power of Pakistan's armed forces...' A fascinating excerpt from Shiv Kunal Verma's must-read 1965: A Western Sunrise India's War With Pakistan.
Salient features of the National Sports Governance Bill that promise to overhaul several aspects of sports governance and the grievance redressal system for athletes and administrators alike in the country.
'Non-BJP state governments and their leaders, navigating today's political landscape, know well they have no clue what awaits around the corner.' 'The chances of charges pressed and oneself getting parked in custody play out on an uneven playing field,' points out Shyam G Menon.
The India Meteorological Department (IMD) has predicted above-normal rainfall across India in June, with most parts of the country likely to experience normal to below-normal maximum temperatures. The IMD also anticipates above-normal minimum temperatures across most of the country, except for some parts of central India and the adjoining south peninsula. The southwest monsoon reached Kerala on May 24, marking its earliest arrival over the Indian mainland since 2009. The monsoon is crucial for India's agriculture-dependent economy, providing vital water for crops and supporting drinking water and hydropower generation.
Given the stronger rural activity, and potential goods and services tax (GST) impact, investors are bullish on the two-wheeler (2W) segment. In August, dealers in the domestic market picked up 11 per cent more 2Ws year-on-year (Y-o-Y), despite only 2 per cent growth in retail registrations. This indicates inventory stocking ahead of the festival season. Export trends were good. TVS Motor and Royal Enfield may have gained domestic market share.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
Young investors with a higher risk appetite are better off with a combination of term insurance and equity funds.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
As the National Sports Governance Bill is set to become a law, the country's national federations and Indian Olympic Association (IOA) President P T Usha on Tuesday welcomed the landmark policy, calling it a step in the right direction as India gears up to bid for the 2036 Olympics.
'Active funds have the ability to manage downside risk.'
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the eighth pay commission dole-out, is likely to push consumption-driven stocks - such as air conditioners (ACs), select automobiles, fast-moving consumer goods (FMCG), retail, and counters of quick-service restaurants (QSRs) - into higher orbit over the next few months, believe analysts.
French officials believe the campaign against Rafale was part of a coordinated disinformation drive by China and Pakistan, although their State involvement has not been established.
The Congress on Tuesday claimed that there are "far deeper reasons" for Jagdeep Dhankhar's resignation as the vice president than the health reasons cited by him, and said his resignation speaks highly of him but poorly of those who got him elected to the post.
The government stated that Operation Sindoor was launched in response to a 'barbaric' attack by 'Pakistan-sponsored terrorists,' focusing on dismantling terror infrastructure and neutralizing terrorists likely to be sent across to India.
Additionally, rates in the aviation sector are also expected to increase due to huge claim outgo in the Air India crash.
Understand policy inclusions and exclusions to avoid surprises during claims.
The Supreme Court addressed the issue of probe agencies summoning lawyers for providing legal advice to clients under investigation, emphasising that lawyers should not be summoned merely for offering legal advice but can be if they are assisting in the crime. The court is considering guidelines to prevent investigative overreach and protect lawyer-client privilege.
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