News for 'Black Money'

BYD's Latest EV Makes a Splash in Mumbai

BYD's Latest EV Makes a Splash in Mumbai

Rediff.com25 Jun 2025

The BYD Sealion 7 offers instant, exhilarating power, effortlessly pinning you to your seat with a 0-100 km/h sprint in just 4.5 seconds -- a performance proudly showcased on its rear badging.

'No one knows who funds the BJP'

'No one knows who funds the BJP'

Rediff.com16 Feb 2024

'Who has given how much money to which party, the people of India must know this fact.'

FM to inaugurate APG meet on money laundering

FM to inaugurate APG meet on money laundering

Rediff.com18 Jul 2011

The five-day meeting, whose pre-plenary sessions began today, will provide a platform for high-level discussion and co-operation and would evaluate the progress by APG members in implementing the international standards to combat money laundering and the financing of terrorism, a statement said.

Indians' money in Swiss banks hits 3rd lowest level in over 30 years

Indians' money in Swiss banks hits 3rd lowest level in over 30 years

Rediff.com25 Jun 2020

Swiss authorities have always maintained that assets held by Indian residents in Switzerland cannot be considered as 'black money' and they actively support India in its fight against tax fraud and evasion.

In absence of black swans, markets may rise further

In absence of black swans, markets may rise further

Rediff.com18 Mar 2024

Since March 2020, when the Nifty50 plummeted to 7,511 following the announcement of a nationwide lockdown, the stock market has been on an upward trajectory. Over the next four years, the major market index has delivered a remarkable compounded annual growth rate (CAGR) of over 31.5 per cent. In the past year alone, the Nifty50 has gained by 27 per cent, hitting a succession of record highs.

Foreign investment in Indian corporate bonds hits 10-year high in May

Foreign investment in Indian corporate bonds hits 10-year high in May

Rediff.com7 Jun 2025

Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner, and Cerberus Capital, among others. The SP group sold three-year bonds, offering 19.75 per cent yield compounded annually and payable at maturity.

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

Rediff.com15 Jan 2024

BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.

How Lamb played hand in Tendulkar's maiden Test ton

How Lamb played hand in Tendulkar's maiden Test ton

Rediff.com29 Jun 2025

Speaking to PTI, Lamb also spoke passionately about his playing days with Kapil Dev in County cricket and why he rates Sachin Tendulkar over Sunil Gavaskar and Virat Kohli.

'Where Is The Evidence Against Justice Varma?'

'Where Is The Evidence Against Justice Varma?'

Rediff.com26 Mar 2025

'We have already prejudged the issue. And now things have reached a point where it is very difficult for a person to say that he could be innocent.'

Anil Ambani's wife Tina appears before ED in FEMA case

Anil Ambani's wife Tina appears before ED in FEMA case

Rediff.com4 Jul 2023

Tina Ambani, wife of Reliance ADA Group chairman Anil Ambani, on Tuesday appeared before the Enforcement Directorate (ED) in Mumbai for questioning and recording her statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Anil Ambani had recorded his statement in the case on Monday under sections of the Foreign Exchange Management Act (FEMA) and he is expected to appear before the central agency again later this week for completion of the exercise.

'Mr Modi Is Rattled'

'Mr Modi Is Rattled'

Rediff.com27 May 2024

The speech he gave in which he accused the Congress of getting black money in tempos from Ambani and Adani is remarkable.' 'It is a self-goal for sure, but indicates someone who has lost control, someone who is rattled.'

Indians' funds in Swiss banks down 11% to Rs 30k cr on lower deposits

Indians' funds in Swiss banks down 11% to Rs 30k cr on lower deposits

Rediff.com22 Jun 2023

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.

Drones Are What India Needs For Future Wars

Drones Are What India Needs For Future Wars

Rediff.com18 Jul 2025

The foremost lesson for India today is to beef up its air defence to cater for multiple drone attacks. As seen in Operation Sindoor, we have come a long way, but there's room for getting better. We must develop a robust and almost impregnable air cover over ourselves, asserts IAF veteran Air Commodore Nitin Sathe (retd).

9 more banks under scanner over money laundering

9 more banks under scanner over money laundering

Rediff.com16 Oct 2015

Finance Minister Arun Jaitley said the magnitude of the alleged black money transfer through state-owned BoB will only be known after completion of the multi-disciplinary probe.

Bollywood's Young And *Super* Glamorous

Bollywood's Young And *Super* Glamorous

Rediff.com20 Feb 2025

Bollywood's young generation is going totally glam on social media.

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

Rediff.com9 Jun 2025

HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.

Sebi warns bourses on money from Iran, North Korea

Sebi warns bourses on money from Iran, North Korea

Rediff.com10 May 2011

Fearing possible black money flow and terror financing risks from Iran and North Korea into the Indian stock market, the Securities and Exchange Board of India has asked bourses to be cautious in dealings with funds and entities from those countries.

Man throws black ink at Ramdev, roughed up

Man throws black ink at Ramdev, roughed up

Rediff.com14 Jan 2012

Yoga guru Ramdev was on Saturday the target of an attack by a man who threw black ink on his face at a press conference he was addressing on his plans to campaign against black money in the coming assembly elections.

Shuks' Space Flight: 'A Leapfrog Moment For India'

Shuks' Space Flight: 'A Leapfrog Moment For India'

Rediff.com11 Jun 2025

'You can imagine for India what Shuks means not just to the billions of people in India but the entire Indian diaspora around the world.'

RS adjourned amid uproar over recovery of cash from Singhvi's seat

RS adjourned amid uproar over recovery of cash from Singhvi's seat

Rediff.com6 Dec 2024

Rajya Sabha Chairman Jagdeep Dhankhar on Friday said a wad of currency notes was recovered by security staff from the seat allotted to Congress MP Abhishek Manu Singhvi.

Electoral bond scheme deserved improvement, not scrapping: Amit Shah

Electoral bond scheme deserved improvement, not scrapping: Amit Shah

Rediff.com16 Mar 2024

Noting that he fully respects the Supreme Court order on electoral bonds, Union Home Minister Amit Shah on Friday said the scheme was introduced to end black money in politics and added that it should have been improved rather than scrapped.

Revealed! 628 Indians hold Rs 4,479-cr dirty money in a Swiss bank

Revealed! 628 Indians hold Rs 4,479-cr dirty money in a Swiss bank

Rediff.com12 Dec 2014

Out of these, no balance has been found in case of 289 accounts

'India can emerge as key player in global supply chain'

'India can emerge as key player in global supply chain'

Rediff.com15 Feb 2025

'It can position itself as a China Plus One solution, fulfilling the demands of developed economies.'

'Metro... In Dino Is The Life I Have Lived'

'Metro... In Dino Is The Life I Have Lived'

Rediff.com24 Jun 2025

'Very rarely does a film give you the opportunity to do this, I was constantly improvising and adding scenes on the set.'

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Rediff.com30 Jun 2016

This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.

'Murderers Are The Most Reliable People'

'Murderers Are The Most Reliable People'

Rediff.com19 Feb 2025

'It would be difficult for us to run jails if it wasn't for murderers.'

Chess: Gukesh stunned in Superbet Classic

Chess: Gukesh stunned in Superbet Classic

Rediff.com10 May 2025

Gukesh is currently sharing the 8th spot on 1.5 points along with Abdusattorov and Duda.

History In Minutes: Man Who Handwrote Our Constitution

History In Minutes: Man Who Handwrote Our Constitution

Rediff.com6 Mar 2025

Prem Bihari Narain Raizada wrote 145,000 words in flowing italic styles. It took him 6 months and hundreds of nibs.

'Govt Knows Demonetisation Is One Of Its Biggest Blunders'

'Govt Knows Demonetisation Is One Of Its Biggest Blunders'

Rediff.com9 Jan 2023

'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

Rediff.com31 Jan 2025

'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'

Rs 39,000 crores suspect money in 1,950 Jan Dhan accounts

Rs 39,000 crores suspect money in 1,950 Jan Dhan accounts

Rediff.com11 Dec 2016

This week, as the I-T department scanned the deposits, reality hit them: Only a minuscule percentage of the Jan Dhan accounts had been used for money laundering.

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

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