ICICI Prudential Life Insurance (IPRU) disappointed the market even though some analysts said the Q3FY25 results were in line. Most analysts cut margin estimates. The insurer reported M9FY25 growth of 8.5 per cent year-on-year (Y-o-Y) in value of new business (VNB) premium to Rs 1,575 crore, while total annual premium equivalent (APE) grew 27.2 per cent to Rs 6,910 crore.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Kanchan Rai, founder of the Let Us Talk Foundation, offers career advice on how to deal with a competitive colleague in a professional manner.
All you need to do is fill up an application form available at Credit Information Bureau (India) or Cibil's website, attach a draft for Rs 142 and an identity proof and mail it to Cibil. The company's Managing Director Arun Thukral said that the report would reach you within a week.
Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India's (RBI) norms mandated deactivation of cards that have been inactive for a year. The second quarter of the current financial year saw outstanding cards-in-force decline by 2.55 million to 77.7 million. Prior to this, the industry, on an average, was witnessing a net addition of over 1.5 million credit cards a month as players became aggressive on the unsecured lending business after the pandemic.
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited will answer questions related to your home loans and CIBIL Credit Score on Monday, August 5 between 3 pm and 4 pm.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
After his stellar performance, Chakaravarthy credited senior players for helping him settle his nerves during the game.
The BJP on Saturday accused the Congress of repeatedly supplying "oxygen" to Pakistan, and slammed the opposition party for its leader Charanjit Singh Channi's remarks questioning the veracity of Balakot air strikes after the 2019 Pulwama terror attack. BJP national spokesperson Sambit Patra alleged that the Congress is full of pro-Pakistan leaders who make statements against India's interests, and mocked the party for its letter that had advised its functionaries to toe the official line on the issue. Patra also criticized other Congress leaders for their comments on the Pulwama and Pahalgam terror attacks, accusing them of lowering the morale of the armed forces. He further slammed the Congress for claiming credit for the government's announcement of the caste census and said the party never carried out the exercise during its over 60-year stint in power.
'Understand your financial goals. Next, categorise them by size. Then evaluate your investment options.'
Analysts have largely maintained their positive outlook on HDFC Bank, as the private lender reported in-line results for the October-December quarter (Q3) of the current financial year (2024-25/FY25). They believe the results were 'strong' given the tough macro environment, and relative to peers.
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.
Jailed journalist Mahesh Langa, already facing multiple charges, has been booked in a fresh case for allegedly extorting Rs 40 lakh from a real estate agent by threatening to malign his image and implicate him in a false case. This is the fifth FIR registered against him since his arrest in October 2023 for an alleged Goods and Services Tax (GST) scam. The latest case was registered based on a complaint by Janak Thakor, a real estate agent, who alleged that Langa threatened to write negative articles about him and trap him in a false case unless he paid the money. Langa has been in jail since his arrest in October and is facing charges in four previous cases registered by Ahmedabad, Gandhinagar, and Rajkot police.
The ideal time to invest in sector funds, is during a downturn so that investors can capitalise on a turnaround in 1.5 to 2 years.
With the RBI infusing Rs 7.5 lakh crore in liquidity -- and possibly more in the future -- the short- to medium-term corporate bond market is expected to benefit.
In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF), so that the sender and recipient in a cross-border financial transaction can be easily identified and the information shared with law enforcement agencies. Separately, the inter-governmental group, which sets standards to curb money laundering, will release the fourth round of its mutual evaluation report on India on September 19. FATF in June had adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category - the highest rating given by the global watchdog and a distinction shared by only four other G20 countries.
The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.
The textbooks also removed the title 'Father of the Nation' for Mujibur Rahman.
The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.
'If your loan application gets turned down by one bank, do not apply immediately to several others.' 'This makes you appear credit hungry and possibly in some form of financial distress.' 'Multiple enquiries affect your credit score adversely,' advises Mohan Jayaraman.
We had to evacuate 25,000 people without pressing panic button: IPL chairman Dhumal
By choosing your study destination carefully, leveraging government schemes, comparing loan options, and adopting frugal living practices, Indian students can acquire global credentials without mortgaging their futures.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
'The rise in SIP contributions has created a pool of long-term MF assets that can be pledged for loans.'
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Invest in these funds through the SIP route with at least a seven-year horizon.
Investors should avoid making drastic changes to their asset allocation during a market correction.
'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'
Did your bank ever reject your loan application because you were reported falsely for having bad credit history? Tell us.
'Sushant Singh Rajput threw Rhea Chakraborty out of his house six days before he died.'
Do you know what is 'credit repair'? And how to go about it?
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
Universities and immigration authorities take student conduct seriously. Behaviour that is deemed unacceptable or dangerous can lead to legal consequences, including deportation, warns Dr Pananjay Tiwari, founder and director, Impel Overseas Education.
Too much unsecured loan can harm your CIBIL rating.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
