News for 'Federal Bank Manager'

FPIs Pull Out A Record Rs 1.22 Trillion!

FPIs Pull Out A Record Rs 1.22 Trillion!

Rediff.com22 Dec 2022

FPIs have turned net sellers in 2022 after being net buyers in the last three years.

Indians' money in Swiss banks hits record low

Indians' money in Swiss banks hits record low

Rediff.com29 Jun 2017

The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.

'Students didn't die because of NEET, but because of parental pressure'

'Students didn't die because of NEET, but because of parental pressure'

Rediff.com22 Aug 2023

'My friend scored higher than me in the 12th exam, but he could not clear NEET because his parents could not pay the fees for private coaching.'

Israel escalates Gaza attacks as conflict enters Day 4; targets Hezbollah

Israel escalates Gaza attacks as conflict enters Day 4; targets Hezbollah

Rediff.com11 Oct 2023

As per the Israeli Air Force, the fighter jets attacked a number of terrorist targets of the terrorist organization Hamas throughout the Gaza Strip. Among other things, the planes attacked a military compound and a weapons warehouse.

Banks say no room to cut lending rates, thwarting RBI easing

Banks say no room to cut lending rates, thwarting RBI easing

Rediff.com30 Jan 2015

Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's surprise easing this month, hurting the government's drive to lift business investment.

Sensex snaps 5-day rally, ends down 652 points

Sensex snaps 5-day rally, ends down 652 points

Rediff.com19 Aug 2022

BSE benchmark Sensex nursed losses on Friday as investors pocketed gains after a five-session winning streak amid a bearish trend overseas. A depreciating rupee and foreign fund outflows further soured risk sentiment, traders said. The 30-share gauge, which had started the trade on a firm note, soon gave up all the gains and finally ended 651.85 points or 1.08 per cent lower at 59,646.15. The broader NSE Nifty snapped its eight-day rally to close at 17,758.45, down 198.05 points or 1.10 per cent.

Tainted portfolio manager Martoma to begin jail term on Nov 20

Tainted portfolio manager Martoma to begin jail term on Nov 20

Rediff.com18 Nov 2014

Martoma, 40, was ordered by US District Judge Paul Gardephe to surrender by Thursday afternoon, after he lost his bid last week to remain free on bail pending appeal of his conviction.

Sports Shorts: Federer sends Switzerland into Hopman Cup final

Sports Shorts: Federer sends Switzerland into Hopman Cup final

Rediff.com3 Jan 2019

Summary of sports events and persons who made news on Thursday

Wipro tops list of 300-plus stocks to hit 52-week lows

Wipro tops list of 300-plus stocks to hit 52-week lows

Rediff.com14 May 2022

Analysts believe that investors should look at stocks that hit 52-week lows only if they have a dividend paying track record, are debt-free and have sound fundamentals.

Banks should pass on the rate benefit to customers: Shaktikanta Das

Banks should pass on the rate benefit to customers: Shaktikanta Das

Rediff.com5 Aug 2019

Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.

Investment via P-notes drop to Rs 94,826 cr in Nov

Investment via P-notes drop to Rs 94,826 cr in Nov

Rediff.com27 Dec 2021

Investments in Indian capital market through participatory notes (P-notes) dropped to Rs 94,826 crore till November-end after hitting 43-month high in the preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.

White-label ATMs from Tatas in remote places soon

White-label ATMs from Tatas in remote places soon

Rediff.com25 Mar 2014

India is an under-penetrated ATM market with only 98 ATMs for every 10 lakh of population.

'RBI's move will help banks increase lending'

'RBI's move will help banks increase lending'

Rediff.com3 Feb 2015

'Policy was more in line with the expectations.'

Barclays investment bank in firing line despite change at top

Barclays investment bank in firing line despite change at top

Rediff.com14 Jul 2015

Barclays is not alone in trying to decide the best size and shape of its investment bank in a changed regulatory landscape.

Quiet Doesn't Flow The Cauvery

Quiet Doesn't Flow The Cauvery

Rediff.com18 Sep 2023

Today, with the Lok Sabha polls only months away, any inter-state dispute over the Cauvery water dispute has the potential to take more political turns than otherwise, predicts N Sathiya Moorthy.

FPIs pull out nearly Rs 40,000-cr from equities in May

FPIs pull out nearly Rs 40,000-cr from equities in May

Rediff.com5 Jun 2022

Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.

Why Raghuram Rajan Raced At RBI

Why Raghuram Rajan Raced At RBI

Rediff.com13 Jan 2023

The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.

Is my portfolio good?'

Is my portfolio good?'

Rediff.com31 Jan 2022

Ajit Mishra, vice president, research, Religare Broking, answers your queries.

Markets end tad higher led by banks; metals falter

Markets end tad higher led by banks; metals falter

Rediff.com21 Aug 2014

The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.

Govt banks develop cold feet on QIPs

Govt banks develop cold feet on QIPs

Rediff.com4 Feb 2014

Some lenders in talks with LIC for pvt placement

All about wilful fraudsters and errant banks

All about wilful fraudsters and errant banks

Rediff.com21 Jan 2016

Banks cannot shirk their responsibility in cases of frauds.

Father of Delhi excise 'scam' accused caught on 'sting tape'

Father of Delhi excise 'scam' accused caught on 'sting tape'

Rediff.com5 Sep 2022

The statement of Sunny Marwah, an accused in the Delhi excise policy case, has been recorded and he has given important information about the modus operandi of those named in the first information report (FIR) in connection with the liquor 'scam', Central Bureau of Investigation (CBI) officials said on Monday.

Who will buy Citi's consumer business?

Who will buy Citi's consumer business?

Rediff.com24 May 2021

The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.

How Rakesh Jhunjhunwala beat the market meltdown

How Rakesh Jhunjhunwala beat the market meltdown

Rediff.com12 Apr 2018

How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?

Sisodia, Jain are today's Bhagat Singh: Kejriwal on CBI summons

Sisodia, Jain are today's Bhagat Singh: Kejriwal on CBI summons

Rediff.com16 Oct 2022

The Aam Aadmi Party (AAP) claimed that Sisodia would be arrested on Monday and alleged the move was initiated in view of the forthcoming assembly elections in Gujarat where it is in a direct contest with the Bharatiya Janata Party.

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

Rediff.com9 Nov 2022

Foreign portfolio investors (FPIs) turned net buyers in October after being net sellers in the previous month. In October, FPIs bought shares worth nearly Rs 8,430 crore ($1 billion) against net selling of Rs 13,405 crore ($1.6 billion) in September. Positive flows during three of the previous four months have pushed the domestic markets towards fresh all-time highs. At present, the Sensex and Nifty are less than 2 per cent shy of breaching record highs logged in October 2021. A rally in equity markets in the US and Europe is in hopes that the Federal Reserve may go soft on rate hikes after its November meeting.

FPIs dump shares with record net outflow of Rs 1.2 lakh cr in 2022

FPIs dump shares with record net outflow of Rs 1.2 lakh cr in 2022

Rediff.com28 Dec 2022

After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.

Rupee outperforms most EM peers as dollar surges to a 20-year high

Rupee outperforms most EM peers as dollar surges to a 20-year high

Rediff.com1 Sep 2022

If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.

RBI Governor Is A Trapeze Artist

RBI Governor Is A Trapeze Artist

Rediff.com28 Dec 2022

Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.

From heroes to bystanders? Central banks' growth challenge

From heroes to bystanders? Central banks' growth challenge

Rediff.com1 Oct 2015

By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.

Auto Industry Sweats As Semiconductor Shortage Persists

Auto Industry Sweats As Semiconductor Shortage Persists

Rediff.com10 Mar 2023

Open order books in February breach 700,000; wait period for some models exceed a year.

FPIs pull out Rs 17,696 cr from Indian markets in Dec so far

FPIs pull out Rs 17,696 cr from Indian markets in Dec so far

Rediff.com19 Dec 2021

Foreign portfolio investors (FPIs) have pulled out Rs 17,696 crore from the Indian markets in December so far amid uncertainty due to a new coronavirus strain, Omicron, and expectations of faster tapering by the US Federal Reserve. According to the depositories data, FPIs took out Rs 13,470 crore from equities, Rs 4,066 crore from the debt segment and Rs 160 crore from hybrid instruments between December 1-17. In November, FPIs were net sellers to the tune of Rs 2,521 crore in Indian markets.

'Can I invest in the stockmarket now?'

'Can I invest in the stockmarket now?'

Rediff.com19 Nov 2020

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

India to face export shocks from global recession

India to face export shocks from global recession

Rediff.com22 Dec 2022

India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?

Seizure of over Rs 5,551 crore Xiaomi deposits get FEMA nod

Seizure of over Rs 5,551 crore Xiaomi deposits get FEMA nod

Rediff.com30 Sep 2022

The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi -- the highest amount frozen till date in India -- the ED said Friday. The agency charged the popular Chinese phone maker with remitting foreign currency equivalent to Rs 5,551.27 crore to three entities -- one Xiaomi Group company and two US-based unrelated entities -- in the guise of royalty. The Enforcement Directorate (ED) had first issued the order of seizure of these bank deposits on April 29 under the FEMA and later sent it for approval of the competent authority, as required under the law that regulates foreign exchange violations in the country.

Inflation: Maintain 10-15% Investment In Gold

Inflation: Maintain 10-15% Investment In Gold

Rediff.com15 Jul 2022

Despite its recent underperformance, gold must be a part of your portfolio.

Will gold manage to maintain its current rally?

Will gold manage to maintain its current rally?

Rediff.com12 Feb 2016

Gold has risen sharply due to rising risk aversion

FPIs withdraw Rs 6,400 cr from equity markets

FPIs withdraw Rs 6,400 cr from equity markets

Rediff.com8 May 2022

Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.

Why India genuinely needs to set up 'bad bank' soon

Why India genuinely needs to set up 'bad bank' soon

Rediff.com20 Apr 2017

Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.

Jhunjhunwala's portfolio gained Rs 2618 cr in April-July

Jhunjhunwala's portfolio gained Rs 2618 cr in April-July

Rediff.com22 Jul 2020

Among the lot, Rallis India, Escorts, Jubilant Life Sciences, and Crisil added half of the total gains made in the ace stock-picker's portfolio.