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News for 'Board Approves'

Asim Munir becomes more powerful, elevated as Pak's 1st Chief Of Defence Forces

Asim Munir becomes more powerful, elevated as Pak's 1st Chief Of Defence Forces

Rediff.com5 Dec 2025

Asim Munir, who was promoted to the Field Marshal rank this year, will also simultaneously hold the office of the Chief of Army Staff, along with his duties as CDF.

India Opens Doors To Foreign Banks, But...

India Opens Doors To Foreign Banks, But...

Rediff.com12 Nov 2025

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.

Rs 60,000 per day! Huge pay hike for women cricketers

Rs 60,000 per day! Huge pay hike for women cricketers

Rediff.com22 Dec 2025

The BCCI has more than doubled the match fees of women cricketers and officials in domestic cricket, a move triggered by India's maiden ODI World Cup triumph and aimed at creating a more equitable pay structure across the circuit.

100% FDI in insurance likely soon

100% FDI in insurance likely soon

Rediff.com13 Dec 2025

The Union Cabinet on Friday approved 100 per cent foreign direct investment (FDI) in the insurance sector, a move that was welcomed by industry as it would help attract more capital and global expertise, while boosting insurance coverage in the country. A bill to amend the insurance law is likely to be tabled on Monday in Parliament, whose winter session is slated to conclude on December 19.

Govt has infused over Rs 3,100 cr in women-led startups in 6 years

Govt has infused over Rs 3,100 cr in women-led startups in 6 years

Rediff.com22 Dec 2025

The government has infused over Rs 3,100 crore into women-led startups over the past six years, through its three schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to boost female entrepreneurship across the country, according to an update shared by the Ministry of Commerce and Industry.

Neville Tata Steps Out Of Shadow

Neville Tata Steps Out Of Shadow

Rediff.com24 Nov 2025

As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.

Sagarmala Finance expecting at least Rs 2K cr equity infusion from govt: MD

Sagarmala Finance expecting at least Rs 2K cr equity infusion from govt: MD

Rediff.com6 Jan 2026

India's first maritime lender, state-owned Sagarmala Finance Corporation Ltd (SMFCL) hit the ground running with a Rs 4,300 crore disbursement announcement last Tuesday, within months of being registered as a non-banking financial company (NBFC) in June 2025.

Assam To Honour 818 Young Writers

Assam To Honour 818 Young Writers

Rediff.com25 Dec 2025

Books will be included as part of gifts at government functions, alongside the traditional gamusa, to underline the government's message that books must return to the centre of public life.

BCCI's opposition in vain as ICC Board approves Big 3 rollback

BCCI's opposition in vain as ICC Board approves Big 3 rollback

Rediff.com4 Feb 2017

The majority of the International Cricket Council's Board members on Saturday voted in favour of restructured revenue sharing model including rollback of the Big 3 formula despite vehement opposition from Board of Control for Cricket in India's representative Vikram Limaye.

Loan growth, margins set to improve for banks in Q3

Loan growth, margins set to improve for banks in Q3

Rediff.com8 Jan 2026

The banking sector could see better loan growth in the third quarter of financial year 2026 (Q3FY26) with improved net interest margins (NIMs), though the full impact of latest rate cuts will be largely felt in the fourth quarter. There may be lower slippage in unsecured loans and microfinance institutions (MFIs) along with steady recovery trends, which should lower credit cost.

Zydus PAT rises 38% on strong India, US growth

Zydus PAT rises 38% on strong India, US growth

Rediff.com7 Nov 2025

Ahmedabad-headquartered Zydus Lifesciences posted a 17 per cent year-on-year (Y-o-Y) rise in revenue from operations to Rs 6,123 crore, while the net profit increased by 38 per cent to Rs 1,258.6 crore aided by consistent performance in the US and India formulations businesses.

Bombay HC Flags Misuse Of Petitions To Sabotage IPOs

Bombay HC Flags Misuse Of Petitions To Sabotage IPOs

Rediff.com26 Dec 2025

While not all complaints are frivolous, experts say petitions timed close to an IPO or listing often raise concerns about mala fide intent.

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

Rediff.com20 Dec 2025

Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.

Indian football shake-up: ISL clubs want full control

Indian football shake-up: ISL clubs want full control

Rediff.com19 Dec 2025

Indian Super League (ISL) clubs on Friday formally proposed a fundamental restructuring of the country's top-tier professional football league, seeking perpetual operational and commercial rights for a club-owned league model while retaining the All India Football Federation (AIFF) as the sport's regulator.

Why there's uncertainty around Neeraj Chopra's season opener

Why there's uncertainty around Neeraj Chopra's season opener

Rediff.com3 Jan 2026

Chopra focussing on rehabilitation of his back injury, season opener not known yet: Sumariwalla

ITC Q2 consolidated net profit up 2.6% at Rs 5,187cr

ITC Q2 consolidated net profit up 2.6% at Rs 5,187cr

Rediff.com31 Oct 2025

Diversified conglomerate ITC Ltd on Thursday reported a 2.6 per cent year-on-year rise in consolidated net profit to Rs 5,187 crore for the second quarter of the 2025-26 fiscal (FY'26) as compared to Rs 5,054 crore in the same period last year. However, the current quarter's figures exclude the hotels business, which was demerged into ITC Hotels Ltd effective from January 2025 and is no longer part of the company's continuing operations.

CBI books Anil Ambani's RCOM for Rs 2,000-cr bank fraud

CBI books Anil Ambani's RCOM for Rs 2,000-cr bank fraud

Rediff.com23 Aug 2025

The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked to RCOM in connection with the case, they said.

RBI's Rs 2.69 lakh crore bonanza for Modi govt for FY25

RBI's Rs 2.69 lakh crore bonanza for Modi govt for FY25

Rediff.com23 May 2025

The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. The Reserve Bank had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24.

Sebi board decides to tighten SME IPO norms and more

Sebi board decides to tighten SME IPO norms and more

Rediff.com19 Dec 2024

The Sebi board on Wednesday approved a series of measures, including stricter regulatory norms for SME IPOs, a comprehensive overhaul of investment banking regulations, and an expanded definition of Unpublished Price Sensitive Information (UPSI). Also, the board approved reforms to boost ease of doing business for Debenture Trustees, ESG rating providers, InvITs, REITs, and SM REITs.

PT Usha confident India will win 2030 CWG bid

PT Usha confident India will win 2030 CWG bid

Rediff.com21 Nov 2025

Indian Olympic Association president P T Usha is confident about securing the hosting rights of the 2030 Centenary Commonwealth Games during the Commonwealth Sport General Assembly in Glasgow on November 26.

Mehli Mistry to step down as Tata Trusts Trustee

Mehli Mistry to step down as Tata Trusts Trustee

Rediff.com4 Nov 2025

Bringing an end to the speculation around Mehli Mistry's trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata group, ANI has learned from sources close to Mistry.

Tentative Truce In Tata Trusts: BusinessLine Report

Tentative Truce In Tata Trusts: BusinessLine Report

Rediff.com23 Oct 2025

After months of discord, the Tata Trusts appear to be moving towards reconciliation, with recent reappointments and open exchanges signalling a return to cooperative governance.

Now you can make final PF pension withdrawal after 3 years

Now you can make final PF pension withdrawal after 3 years

Rediff.com14 Oct 2025

The Employees' Provident Fund Organisation (EPFO) board has approved liberalised part withdrawals for subscribers, allowing up to 100 per cent EPF withdrawal, and rolled out the 'Vishwas Scheme' to reduce litigation through rationalised penal damages.

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

Rediff.com8 Dec 2025

Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday.

Blackstone to invest Rs 6,200 crore for 9.99% stake in Federal Bank

Blackstone to invest Rs 6,200 crore for 9.99% stake in Federal Bank

Rediff.com25 Oct 2025

Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.

Malaysia's IHH plans India expansion after Fortis open offer

Malaysia's IHH plans India expansion after Fortis open offer

Rediff.com16 Dec 2025

After completion of its mandatory tender offer in Fortis Healthcare and Fortis Malar Hospitals, Malaysian health care giant IHH Healthcare is aiming to add 2,000 beds in a bid to double down on value creation in India. IHH, which is Asia's largest multinational private healthcare provider, currently has over 5,000 beds across a combined network of 35 hospitals and 11 states.

India set to be confirmed as 2030 Commonwealth Games hosts!

India set to be confirmed as 2030 Commonwealth Games hosts!

Rediff.com25 Nov 2025

India's 2030 Commonwealth Games bid is set to be formally approved on Wednesday at the Commonwealth Sport's general assembly in Glasgow.

Sebi Overhauls MF Framework, Stockbroking Rules

Sebi Overhauls MF Framework, Stockbroking Rules

Rediff.com18 Dec 2025

The Securities and Exchange Board of India (Sebi) on Wednesday overhauled the cost framework for the 80 trillion domestic mutual fund (MF) industry, introducing a simplified structure aimed at improving transparency for investors while balancing the impact on asset managers.

Air India grounds engineer as A320 flights operated without valid papers

Air India grounds engineer as A320 flights operated without valid papers

Rediff.com3 Dec 2025

The Directorate General of Civil Aviation (DGCA) is probing the incident reported on November 26. The regulator had asked the airline to carry out an internal probe to fix the responsibility and ensure that such incidents do not occur in the future.

SC dismisses Byju Raveendran's plea against NCLAT order

SC dismisses Byju Raveendran's plea against NCLAT order

Rediff.com28 Nov 2025

The Supreme Court on Friday dismissed a plea of Byju Raveendran, the promoter of Think and Learn Private Limited that operates ed-Tech firm Byju, challenging an NCLAT order which has mandated that the settlement of the BCCI's claim be placed before the Committee of Creditors.

SC to examine surrogacy bar for second child

SC to examine surrogacy bar for second child

Rediff.com5 Nov 2025

The Supreme Court has agreed to examine whether a law banning married couples facing secondary infertility from using surrogacy to have a second child amounts to a restriction by the State on the reproductive choices of citizens.

Noel Tata, two others block Mehli Mistry's reappointment as trustee

Noel Tata, two others block Mehli Mistry's reappointment as trustee

Rediff.com28 Oct 2025

Tata Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata's close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of Tata Group, people familiar with the matter said.

IDFC First Bank shareholders reject resolution to allow board seat to Warburg Pincus arm

IDFC First Bank shareholders reject resolution to allow board seat to Warburg Pincus arm

Rediff.com19 May 2025

IDFC First Bank on Monday said its shareholders have rejected the proposal to allow global private equity firm Warburg Pincus' arm to nominate a non-executive director on the bank board.

Prosus says India as one of its most critical growth markets

Prosus says India as one of its most critical growth markets

Rediff.com25 Dec 2025

Prosus, the Amsterdam-based technology investor with net assets valued at over $200 billion spanning payments to e-commerce, has identified India as one of its most critical growth markets, and is increasing its strategic investments here.

HC asks CBFC to consider Major Manoj Sharma's parents' objections to Dhurandhar

HC asks CBFC to consider Major Manoj Sharma's parents' objections to Dhurandhar

Rediff.com1 Dec 2025

The Delhi High Court has directed the Central Board of Film Certification (CBFC) to consider the objections of the parents of Major Mohit Sharma, a martyr, before certifying the film 'Dhurandhar'. The film's release is scheduled for December 5.

Sebi eases IPO norms for very large companies

Sebi eases IPO norms for very large companies

Rediff.com12 Sep 2025

Stock market regulator Sebi's board on Friday cleared significant reforms, focusing on IPO regulations, simplified entry for foreign investors, and a new framework for anchor investors in public issues.

IndiGo Crisis: 'Well-Orchestrated To Pressure Government, DGCA'

IndiGo Crisis: 'Well-Orchestrated To Pressure Government, DGCA'

Rediff.com6 Dec 2025

'Where rostering systems are automated and duty time software interfaces directly with DGCA, the assertion that they suddenly discovered crew shortages is simply implausible.' 'If adequate crew planning hasn't materialised within 12 to 24 months from inception, how will 45 days -- from December 5 to February 12 -- suddenly resolve matters?'

Ahmedabad formally awarded hosting rights of 2030 CWG

Ahmedabad formally awarded hosting rights of 2030 CWG

Rediff.com26 Nov 2025

It was a mere formality for the general assembly of 74 members to put a seal of approval on India's bid after Ahmedabad was recommended as the proposed host of the centenary edition by the Commonwealth Sport's Executive Board last month. India last hosted the CWG in 2010 in Delhi.

'A proud moment for Gujarat and India'

'A proud moment for Gujarat and India'

Rediff.com15 Oct 2025

The recommendation of Ahmedabad as the host city for the 2030 Commonwealth Games (CWG) was a proud moment for Gujarat as well as India, said Chief Minister Bhupendra Patel on Wednesday.

Year of the Woman: How India's Sportswomen Owned 2025

Year of the Woman: How India's Sportswomen Owned 2025

Rediff.com30 Dec 2025

They weren't up for a windfall even after the trophy but life was certain to get a lot better as some sponsors and state governments stepped up to lift them financially.

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