News for 'Bank'

Brad Pitt, Ronaldo Watch Rybakina Dethrone Sabalenka

Brad Pitt, Ronaldo Watch Rybakina Dethrone Sabalenka

Rediff.com5 days ago

Hollywood superstar Brad Pitt was a huge draw at the final and hounded for selfies throughout the US Open final.

West Asia Tensions, Soaring Oil Prices Drag Sensex to 3-Month Low

West Asia Tensions, Soaring Oil Prices Drag Sensex to 3-Month Low

Rediff.com9 Sep 2026

The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.

Bhupinder Hooda Slams UPI Fees, Demands Immediate Withdrawal

Bhupinder Hooda Slams UPI Fees, Demands Immediate Withdrawal

Rediff.com1 days ago

Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.

Will JD-U Blink On UCC In Bihar?

Will JD-U Blink On UCC In Bihar?

Rediff.com2 days ago

'Nitishji as CM never supported the UCC and publicly expressed his strong reservations over UCC.'

Married daughters entitled to compassionate appointment: HC

Married daughters entitled to compassionate appointment: HC

Rediff.com31 Aug 2026

The Chhattisgarh High Court has ruled that married daughters of deceased employees are entitled to compassionate appointments, stating that marital status should not be a disqualification. The court found the bank's rejection of claims based solely on marital status to be arbitrary and discriminatory, especially when married sons were granted similar benefits. This landmark decision emphasizes dependency over marital status as the criterion for such appointments.

'This Is Where Investors Will Make Money'

'This Is Where Investors Will Make Money'

Rediff.com3 Sep 2026

'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'

RBI Deputy Governor flags systemic risk from financial institutions' reliance on common tech providers

RBI Deputy Governor flags systemic risk from financial institutions' reliance on common tech providers

Rediff.com10 Sep 2026

Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.

India Inc's foreign funding intent surges to $7.7 billion in July

India Inc's foreign funding intent surges to $7.7 billion in July

Rediff.com8 Sep 2026

Indian companies, including NBFCs, filed proposals to raise $7.696 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in July 2026, a significant increase from $6.09 billion in June.

Anant Nag Credits Karnataka For Dadasaheb Phalke Award

Anant Nag Credits Karnataka For Dadasaheb Phalke Award

Rediff.com1 days ago

Anant Nag has dedicated the Dadasaheb Phalke Award 2024 to the people and unique cultural environment of Karnataka, crediting the state for his unparalleled success in both art and commercial films.

RBI Authorises RNFI Services As Physical Payment Aggregator

RBI Authorises RNFI Services As Physical Payment Aggregator

Rediff.com7 Sep 2026

RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.

Adani Airport Holdings raises Rs 9,825 crore from global investors for expansion

Adani Airport Holdings raises Rs 9,825 crore from global investors for expansion

Rediff.com10 Sep 2026

Adani Airport Holdings (AAHL) has announced it will raise 9,825 crore through a primary equity infusion from a consortium of global investors, including Alpha Wave Global, Premji Invest, Temasek, and funds managed by BlackRock, who will collectively acquire a 5.54 per cent stake.

CPI(ML) Slams New UPI MDR Framework As 'UPI Tax'

CPI(ML) Slams New UPI MDR Framework As 'UPI Tax'

Rediff.com1 days ago

CPI(ML) Liberation general secretary Dipankar Bhattacharya has strongly criticised the newly introduced Merchant Discount Rate (MDR) on select UPI transactions, labelling it a "UPI tax" and demanding its immediate rollback. He drew parallels with demonetisation, arguing that the new framework would negatively impact small shopkeepers, MSMEs, and ordinary citizens by increasing prices.

PIL in SC against govt's 0.4% MDR on UPI transactions above Rs 2,000

PIL in SC against govt's 0.4% MDR on UPI transactions above Rs 2,000

Rediff.com2 days ago

A Public Interest Litigation has been filed in the Supreme Court challenging the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000. The plea argues that the levy was introduced without adequate statutory safeguards, transparency, or public consultation, and questions its constitutional validity and potential adverse effects on merchants and consumers.

Moody's upgrades India's FY27 GDP growth to 7%, warns of crude, El Nino inflation

Moody's upgrades India's FY27 GDP growth to 7%, warns of crude, El Nino inflation

Rediff.com15 hours ago

Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.

'Tatas May Challenge RBI's Decision'

'Tatas May Challenge RBI's Decision'

Rediff.com3 days ago

'...but should prepare for listing unless a court grants effective interim relief.'

Tata Sons Boardroom Battle: Listing Decision Sparks Controversy

Tata Sons Boardroom Battle: Listing Decision Sparks Controversy

Rediff.com12 hours ago

A significant boardroom battle has erupted at Tata Sons, India's largest conglomerate, following the board's decision to proceed with a public listing and extend N Chandrasekaran's tenure as executive chairman, moves opposed by Noel Tata, who represents the majority shareholder Tata Trusts.

Stock Markets Today: Sensex, Nifty dip on West Asia crisis, oil prices

Stock Markets Today: Sensex, Nifty dip on West Asia crisis, oil prices

Rediff.com8 Sep 2026

Indian benchmark indices, Sensex and Nifty, saw declines in early trade due to escalating crude oil prices and ongoing US-Iran hostilities, which subdued investor risk appetite.

India on watch as Trump may sign Russia sanctions bill today

India on watch as Trump may sign Russia sanctions bill today

Rediff.com3 hours ago

US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

Rediff.com7 days ago

The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.

Stock Markets Today: Sensex, Nifty Tumble, HDFC Bank, Oil Spike Hurt Sentiments

Stock Markets Today: Sensex, Nifty Tumble, HDFC Bank, Oil Spike Hurt Sentiments

Rediff.com20 Jul 2026

Indian benchmark indices Sensex and Nifty experienced a significant tumble in early trade, primarily driven by heavy selling in HDFC Bank following its quarterly earnings and a sharp spike in Brent crude oil prices due to escalating tensions between the US and Iran. Track Sensex, Nifty

Indian Equities Extend Losing Streak as Sensex Tumbles 417 Points

Indian Equities Extend Losing Streak as Sensex Tumbles 417 Points

Rediff.com3 Sep 2026

Indian benchmark equity indices extended their losing streak for a fourth consecutive day, with the Sensex tumbling 417 points due to rising crude oil prices and a significant sell-off in IT stocks, impacting overall investor sentiment.

Vivo T5 5G Launched In India: Price, Specs And Key Features

Vivo T5 5G Launched In India: Price, Specs And Key Features

Rediff.com7 Sep 2026

Vivo is bringing another 5G smartphone to Indian buyers, with the T5 5G set to go on sale from September 9. It will be sold through Flipkart.

Maruti Suzuki Bets On Premium Hatchbacks With New Baleno

Maruti Suzuki Bets On Premium Hatchbacks With New Baleno

Rediff.com3 days ago

Maruti Suzuki India is strategically investing in the premium hatchback segment, launching a refreshed Baleno with advanced driver assistance systems (ADAS) to capture a significant share of the evolving Indian passenger vehicle market, even as SUVs continue their dominance.

Stock Markets Today: Sensex, Nifty Down On HDFC Bank, US-Iran Crisis

Stock Markets Today: Sensex, Nifty Down On HDFC Bank, US-Iran Crisis

Rediff.com21 Jul 2026

Indian benchmark indices Sensex and Nifty experienced a downturn in early trade, primarily influenced by a dip in HDFC Bank shares, persistent outflows from foreign funds, and escalating geopolitical tensions between the US and Iran. Track Sensex, Nifty performance.

Top BJP leaders visit temples on Modi's 76th birthday

Top BJP leaders visit temples on Modi's 76th birthday

Rediff.com1 days ago

Prime Minister Narendra Modi's 76th birthday was celebrated with extensive programmes in Varanasi, his Lok Sabha constituency. Events included special prayers by 76 young priests, a milk 'abhishek' of the Ganga, and a significant 'Seva Sankalp' motorcycle journey from Varanasi to Vadnagar, Modi's birthplace, involving 500 participants. Several prominent political figures, including Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath, participated in the celebrations, offering prayers for Modi's health and India's progress.

'After 6 Months, NSE Scrip Will Have 100% Free Float'

'After 6 Months, NSE Scrip Will Have 100% Free Float'

Rediff.com6 days ago

'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'

Industry credit growth jumps 20% in July, gold loans moderate: RBI data

Industry credit growth jumps 20% in July, gold loans moderate: RBI data

Rediff.com1 Sep 2026

Bank credit to industry in India surged by 20 per cent year-on-year in July, significantly accelerating from the previous year, driven by strong expansion in sectors like engineering, gems and jewellery, and petroleum-related industries, according to the Reserve Bank of India (RBI). However, growth in gold loans, while still expanding, saw a sharp moderation.

'We Don't Want Any Country To Use BRICS To Further Their Geopolitical Agenda'

'We Don't Want Any Country To Use BRICS To Further Their Geopolitical Agenda'

Rediff.com6 days ago

In recent years, China and Russia have pushed for de-dollarisation within BRICS, which India has resisted. One reason is that India does not want to hurt its relationship with the United States, and another is the fear of China controlling trade because the renminbi is considered the strongest currency in the bloc today.

India's academic freedom severely restricted, claims report

India's academic freedom severely restricted, claims report

Rediff.com2 days ago

A report by Scholars at Risk, 'Free to Think 2026', states that academic freedom in India is "severely restricted" due to increasing government influence over higher education, university governance, and curbs on student expression. India is listed among six countries in this category, with its Academic Freedom Index score sharply declining. The report cites instances of faculty dismissals, event cancellations, and pressure on student protests, highlighting the alleged use of the UGC as a vehicle for state influence.

Stock Markets Today: Sensex, Nifty down on high crude prices and selling in bank stocks

Stock Markets Today: Sensex, Nifty down on high crude prices and selling in bank stocks

Rediff.com22 Jul 2026

Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to a surge in crude oil prices and significant selling pressure on bank stocks, impacting overall investor sentiment. Track Sensex, Nifty on July 22.

Iranian President reaches Delhi for BRICS Summit, to meet Modi today

Iranian President reaches Delhi for BRICS Summit, to meet Modi today

Rediff.com7 days ago

Iranian President Masoud Pezeshkian arrived in New Delhi for the BRICS summit, where he is scheduled to hold bilateral talks with Prime Minister Narendra Modi to enhance trade and strengthen overall relations. His visit is particularly significant given the heightened tensions in West Asia and recent US economic sanctions against Iran. Pezeshkian highlighted BRICS' role in fostering economic resilience and reducing dependence on the US dollar, while the summit itself aims to address global challenges and bolster collective resilience in critical sectors.

Private Sector Capex Rises 7% in FY25, Govt Spending Slows

Private Sector Capex Rises 7% in FY25, Govt Spending Slows

Rediff.com3 days ago

Private corporations in India invested approximately 30.3 trillion in fixed assets during FY25, marking a 7 per cent increase from the previous year, according to the statistics ministry. This growth in private capital expenditure contrasts with a slowdown in government capital spending.

Kanpur Murder: New Evidence Puts Son Subrat Under Police Scrutiny

Kanpur Murder: New Evidence Puts Son Subrat Under Police Scrutiny

Rediff.com3 days ago

The investigation into the murder of pharmaceutical trader Vineet Manocha has intensified, with his son Subrat now under police scrutiny. New evidence reveals that the alleged shooter made multiple calls to Subrat from a newly purchased SIM card. While Subrat's wife Shalu and two others are already arrested, police are examining call detail records and financial affairs to uncover Subrat's potential involvement in the conspiracy.

NIIF, PB Fintech, And DGFT Announce Major Strategic Moves

NIIF, PB Fintech, And DGFT Announce Major Strategic Moves

Rediff.com7 Sep 2026

National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh as managing partner to lead its global capital formation efforts. Simultaneously, PB Fintech's payment aggregator platform, PB Pay, has gone live, offering consolidated payment acceptance for merchants. In a move to enhance trade efficiency, the Directorate General of Foreign Trade (DGFT) has introduced open API integration for Certificate of Origin, allowing exporters to streamline their application processes.

What Subhash Chandra Hopes For...

What Subhash Chandra Hopes For...

Rediff.com31 Aug 2026

Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.

Traders Threaten Cash Pushback Over New UPI Transaction Fee

Traders Threaten Cash Pushback Over New UPI Transaction Fee

Rediff.com2 days ago

The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.

HDFC Bank shares tank over 5% as Q1 earnings disappoint on margin front

HDFC Bank shares tank over 5% as Q1 earnings disappoint on margin front

Rediff.com20 Jul 2026

HDFC Bank shares plummeted over 5 per cent, wiping out Rs 64,685 crore from its market valuation, after its June quarter earnings disappointed investors, particularly on the net interest margin (NIM) front.

India-China Rivalry Tests BRICS' Future

India-China Rivalry Tests BRICS' Future

Rediff.com8 Sep 2026

India and China are in what experts call 'a cooperation-versus-competition situation'.

Credit Card Spending in India Crosses Rs 2 Trillion Mark

Credit Card Spending in India Crosses Rs 2 Trillion Mark

Rediff.com26 Aug 2026

Credit card spending in India has consistently topped Rs 2 trillion for three consecutive months, with July 2026 recording Rs 2.08 trillion, indicating a new normal for consumer expenditure, according to the latest RBI data.

BRICS 2026: India's Chance To Make Diplomatic Gains

BRICS 2026: India's Chance To Make Diplomatic Gains

Rediff.com6 days ago

For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.