News for 'City Bank'

Rekha Gupta, Only Lady CM In 20 NDA Ruled States/UTs

Rekha Gupta, Only Lady CM In 20 NDA Ruled States/UTs

Rediff.com20 Feb 2025

Rekha Gupta had the support of the RSS, which actively participated in the Delhi assembly poll campaign to help the BJP win.

Can Rekha Gupta Deliver BJP Promises To Delhi?

Can Rekha Gupta Deliver BJP Promises To Delhi?

Rediff.com20 Feb 2025

The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.

Gold demand in India saw 5% rise at 802.8 tonnes in 2024

Gold demand in India saw 5% rise at 802.8 tonnes in 2024

Rediff.com5 Feb 2025

Gold demand in India witnessed a 5 per cent on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the the World Gold Council. The World Gold Council (WGC) in a report on Wednesday said gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.

'Investments Of Over Rs 4 Trillion To Create 100,000 Jobs'

'Investments Of Over Rs 4 Trillion To Create 100,000 Jobs'

Rediff.com24 Feb 2025

'The size of the investments is important, but equally crucial is the number of jobs that these proposals create.'

An Agitation That Woke Up Kerala

An Agitation That Woke Up Kerala

Rediff.com20 Mar 2025

It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.

Maha Kumbh set for auspicious start on 'Paush Purnima' on Monday

Maha Kumbh set for auspicious start on 'Paush Purnima' on Monday

Rediff.com12 Jan 2025

The 45-day Maha Kumbh 2025, billed as the world's largest gathering of humans, began on Monday with the first major bathing ritual or 'Shahi Snan' at the Sangam, the confluence of the Ganga, Yamuna, and Saraswati rivers in Prayagraj, India. This edition of the Kumbh is being held after 12 years, with the Uttar Pradesh government expecting over 35 crore devotees to visit. The event is being touted as a 'Digi-Kumbh' with Artificial Intelligence (AI) being used for various aspects, including security and cleanliness. The Maha Kumbh will be held from January 13 to February 26, and is expected to transform the area into the world's largest temporary city. Thirteen Akharas of seers from different sects are participating in the event, attracting attention from those seeking to learn about Indian spiritual beliefs.

For a slightly higher government capex outlay

For a slightly higher government capex outlay

Rediff.com11 Feb 2025

While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.

Shah takes holy dip in Triveni Sangam at Maha Kumbh

Shah takes holy dip in Triveni Sangam at Maha Kumbh

Rediff.com28 Jan 2025

Union Home Minister Amit Shah took a dip at the Triveni Sangam in Mahakumbh Nagar on Monday and described the Maha Kumbh as a unique symbol of the Sanatan culture's philosophy, which is rooted in harmony.

7 of 13 passengers killed in Jalgaon train tragedy hailed from Nepal

7 of 13 passengers killed in Jalgaon train tragedy hailed from Nepal

Rediff.com23 Jan 2025

Seven of the 13 people who died in a train accident in Maharashtra's Jalgaon district were from Nepal. The accident occurred when passengers on the Mumbai-bound Pushpak Express got off the train after an alarm chain-pulling incident and were run over by the Karnataka Express on the adjacent tracks. A fire rumour spread in the train, prompting passengers to jump off. The incident highlighted the dangers of chain-pulling and the need for better safety measures on Indian Railways.

Nestle, IndusInd, Bandhan, Asian Paints from BSE 500 index hit 52-week lows

Nestle, IndusInd, Bandhan, Asian Paints from BSE 500 index hit 52-week lows

Rediff.com20 Dec 2024

Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday's intra-day trade after a sharp correction in the equity markets.

Budget 2025: More Jobs Via Thriving Farms and MSME Growth

Budget 2025: More Jobs Via Thriving Farms and MSME Growth

Rediff.com4 Feb 2025

The most striking features of this Budget was its focus on simplification and improving the ease of doing business in India, asserts Kaku Nakhate.

'Maha Kumbh is not a hub of glamour and 5-star culture'

'Maha Kumbh is not a hub of glamour and 5-star culture'

Rediff.com9 Feb 2025

Since the beginning of the Maha Kumbh last month, many influencers, models and actors have had their brief moment in the sun of virality: model-turned-sadhvi Harsha Richaria, garland seller Mona Lisa, 'IIT baba' Abhay Singh and actor Mamata Kulkarni to name a few.

The American Awarded A Padma Shri

The American Awarded A Padma Shri

Rediff.com22 Feb 2025

Sally Holkar left America and made India her home nearly 60 years ago. She went on a mission to revive a dying craft and changed the lives of rural weavers.

Diwali to be school holiday in New York City

Diwali to be school holiday in New York City

Rediff.com27 Jun 2023

New York City Mayor Eric Adams said he was proud that the State Assembly and the State Senate have passed the bill making Diwali a New York City Public School holiday.

Indian cities sizzle at 48 deg C, respite likely after 3 days

Indian cities sizzle at 48 deg C, respite likely after 3 days

Rediff.com28 May 2024

Temperatures in 17 locations breached 48 degrees Celsius on Monday, with the relentless heat affecting health and livelihoods across large parts of northwestern and central India.

Emergency declared in New York city as torrential rain floods subways, roads

Emergency declared in New York city as torrential rain floods subways, roads

Rediff.com30 Sep 2023

The heaviest rainfall began to ease across hard-hit portions of Manhattan and Brooklyn late Friday morning, but another round is expected in the afternoon and could reinvigorate dangerous flooding.

'Preparing to enter affordable housing loans space'

'Preparing to enter affordable housing loans space'

Rediff.com13 Oct 2024

'Focus will be on smaller loan amounts to meet the needs of affordable homebuyers.'

Man United bank on De Ligt-Mazraoui duo for success

Man United bank on De Ligt-Mazraoui duo for success

Rediff.com16 Aug 2024

The defenders signed contracts on Tuesday from Bayern Munich making United their third team together, and they could both feature in the squad's season opener on Friday against Fulham at Old Trafford.

Gold set to extend record run; may hit Rs 90,000 in 2025

Gold set to extend record run; may hit Rs 90,000 in 2025

Rediff.com31 Dec 2024

Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.

Corus appoints CitiBank to find buyer for UK Plant

Corus appoints CitiBank to find buyer for UK Plant

Rediff.com5 May 2010

Tata Steel's European arm, Corus, the second-largest steel maker on that continent, has appointed Citibank to help find a suitable buyer for its beleaguered Teesside Cast Products factory in northeast Britain.

How Much Do Weddings Cost These Days?

How Much Do Weddings Cost These Days?

Rediff.com14 Dec 2024

Wedding planner WedMeGood estimates that the average wedding budget has surged to Rs 36.5 lakh this year, with destination weddings averaging Rs 51 lakh.

RBI directs pvt banks to have at least two wholetime directors

RBI directs pvt banks to have at least two wholetime directors

Rediff.com26 Oct 2023

In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.

Sitharaman meets chiefs of govt banks amid US banks' collapse

Sitharaman meets chiefs of govt banks amid US banks' collapse

Rediff.com25 Mar 2023

Finance Minister Nirmala Sitharaman on Saturday reviewed the performance of public sector banks (PSBs) on various financial health parameters and their resilience in the wake of the current global financial scenario emanating from the failure of some international banks in the US and Europe.

Women We Admire: India's Brave Ranis

Women We Admire: India's Brave Ranis

Rediff.com6 Mar 2025

This Women's Day Week, we pay tribute to the extraordinary courage, resilience, and leadership of three iconic Indian queens -- Rani Lakshmibai of Jhansi, Rani Chennamma of Kittur, and Maharani Ahilyabai Holkar of Malwa.

Insurers to double down on tech, rural expansion for growth in '25

Insurers to double down on tech, rural expansion for growth in '25

Rediff.com10 Jan 2025

The Indian insurance industry is set to focus on customer-centric technological adoption and expansion into rural areas to drive growth in 2025.

Indian Grad Employability to Hit 55%

Indian Grad Employability to Hit 55%

Rediff.com11 Dec 2024

Maharashtra, Karnataka and Delhi are emerging as major hubs for employable talent.

Will Dream Run For Banks Continue?

Will Dream Run For Banks Continue?

Rediff.com20 Jun 2023

It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.

'Modi's Speech Is A Response To Congress Obsession With Vote Bank Politics'

'Modi's Speech Is A Response To Congress Obsession With Vote Bank Politics'

Rediff.com2 May 2024

'The Congress wants to distort the very fabric of Indian society because they are obsessed with vote bank politics.'

51,000 diyas form 'Batoge to Katoge' slogan at Varanasi ghat

51,000 diyas form 'Batoge to Katoge' slogan at Varanasi ghat

Rediff.com16 Nov 2024

More than 51,000 diyas were lighted on Friday on Dev Deepawali at a Varanasi ghat to form 'Batoge to Katoge' -- a slogan given recently by Uttar Pradesh Chief Minister Yogi Adityanath in a call apparently to Hindus to stay united.

Axis Bank in competition for best bank

Axis Bank in competition for best bank

Rediff.com29 Dec 2022

Axis Bank has strengthened its positioning -- on both the assets and liability side -- and it may be set to deliver sustained improvement in performance. The valuation gap between Axis Bank (which trades at 1.4x core book value (or BV) and peers like ICICI Bank (valued at 2x BV) is expected to narrow.

Bajaj Fin target price hiked; stock reclaims Rs 8,000-mark after 15 months

Bajaj Fin target price hiked; stock reclaims Rs 8,000-mark after 15 months

Rediff.com31 Jan 2025

Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.

Heading To The Kumbh? Here's How To Plan

Heading To The Kumbh? Here's How To Plan

Rediff.com10 Jan 2025

Prayagraj is a must-visit place in 2025, but in January and February you can't miss the Maha Kumbh, a spectacular event like no other.

Are Trump and Musk Dismantling American Democracy?

Are Trump and Musk Dismantling American Democracy?

Rediff.com22 Feb 2025

We the people are left in the wind, waiting on the whims of an unengaged president and an oligarch with a nearly bottomless wallet, observes Sree Sreenivasan.

Delhi polls: Will it be easy for AAP to retain power for third term?

Delhi polls: Will it be easy for AAP to retain power for third term?

Rediff.com8 Jan 2025

The upcoming Delhi Assembly elections are set to be a thrilling contest between the ruling Aam Aadmi Party (AAP), the resurgent Bharatiya Janata Party (BJP), and the Congress. The BJP is focusing on its "Parivartan" (change) slogan and a targeted campaign against AAP over corruption allegations, while AAP is highlighting the credibility of its leader, Arvind Kejriwal, and his promises to deliver on his promises. The Congress, seeking to reclaim its lost footing in the national capital, is also campaigning with a renewed vigor.

Deepotsav 8.0: Ayodhya sets two world records

Deepotsav 8.0: Ayodhya sets two world records

Rediff.com31 Oct 2024

Two Guinness World Records -- most people performing 'aarti' simultaneously and the largest display of oil lamps -- were set at the eighth edition of Deepotsav in Ayodhya on Wednesday.

'We focus on smaller ticket sizes loans'

'We focus on smaller ticket sizes loans'

Rediff.com14 Sep 2024

'Banks may find small ticket size lending economically unviable due to the cost of branch operations.'

'Maharashtra's Economy Is Going Sri Lanka's Way'

'Maharashtra's Economy Is Going Sri Lanka's Way'

Rediff.com5 Dec 2024

'Maharashtra is virtually in a debt trap.'

ED grills Sharad Pawar's MLA grandnephew for 8 hrs in coop bank case

ED grills Sharad Pawar's MLA grandnephew for 8 hrs in coop bank case

Rediff.com2 Feb 2024

Emerging out of the ED grilling in Mumbai, Rohit Pawar denied any wrongdoing and asserted struggle was imminent in fight for ideology while declaring he wasn't scared.

SVB crisis: $200 mn worth start-up deposits moved to GIFT City

SVB crisis: $200 mn worth start-up deposits moved to GIFT City

Rediff.com17 Mar 2023

Around $200 million worth of deposits of Indian start-ups have been withdrawn from Silicon Valley Bank (SVB), which was taken over by US banking regulators last week after it collapsed, and moved to the Gujarat International Finance Tec-City (GIFT City) IFSC, Rajeev Chandrasekhar, minister of state (MoS) for electronics and information technology said on Thursday. "It turns out that there was over a billion dollars of deposits of Indian start-ups in SVB. "The existential, solvency crisis that was there six-seven days ago has become much more manageable, even the short-term liquidity crisis is being addressed as the bank allows access to deposits," the minister said while speaking at Lenovo's Tech World India Edition event.

How To Travel Money Smart In 2025

How To Travel Money Smart In 2025

Rediff.com29 Jan 2025

Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.