News for 'Finance Asia'

Fearing FATF heat, Pak to upgrade group of banned outfits to 'high risk'

Fearing FATF heat, Pak to upgrade group of banned outfits to 'high risk'

Rediff.com9 Mar 2019

The proscribed organisations will be examined under heightened security checks at all layers of legal, administrative, investigative and financial regimes, the Dawn newspaper reported.

Modi slays it at QUAD with few words

Modi slays it at QUAD with few words

Rediff.com17 Mar 2021

Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.

ADB to invest $60 mn in VC funds

ADB to invest $60 mn in VC funds

Rediff.com23 May 2011

Funds will invest in new technology companies involved with climate change mitigation.

Should market experts be part of RBI's MPC?

Should market experts be part of RBI's MPC?

Rediff.com21 Aug 2020

'Three external members of the first MPC are respected researchers with excellent academic background, but there is no harm in considering academicians with diverse backgrounds such as finance and labour along with economists for this body,' recommends Tamal Bandyopadhyay.

We must act against those sheltering terror forces: PM

We must act against those sheltering terror forces: PM

Rediff.com4 Dec 2016

The prime minister said there was a need to demonstrate strong and collective will to defeat terror networks that cause bloodshed and spread fear.

Infy leads rally on BSE, Sensex up 160 pts

Infy leads rally on BSE, Sensex up 160 pts

Rediff.com15 Jul 2019

Infosys was the top gainer in the Sensex pack, closing 7.20 per cent higher as investors cheered its financial results. The IT major posted better-than-expected 5.3 per cent rise in its June quarter net profit, and raised revenue growth forecast for the current fiscal.

'For every house built, three to five jobs are created'

'For every house built, three to five jobs are created'

Rediff.com3 Mar 2018

In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.

'Pakistan's backing for Taliban goes back many years'

'Pakistan's backing for Taliban goes back many years'

Rediff.com9 Aug 2021

'Throughout the nearly 20-year US-led war, State sponsorship from Pakistan has been a constant.'

Bharti Airtel gets credit line of $2.5 bln from Chinese banks

Bharti Airtel gets credit line of $2.5 bln from Chinese banks

Rediff.com16 May 2015

Bharti Airtel has received financing commitments of up to $2.5 billion from top Chinese banks.

Sensex, Nifty end marginally higher; RIL shines post Q3 show

Sensex, Nifty end marginally higher; RIL shines post Q3 show

Rediff.com18 Jan 2019

Other gainers included Kotak Bank, HCL Tech, ONGC, Asian Paints, Vedanta, HDFC Bank, Bajaj Finance, Maruti and TCS, gaining up to 1.41 per cent. Sun Pharma was the top loser, cracking 8.58 per cent.

Sensex soars 465 pts; Yes Bank, Infy, RIL steal the show

Sensex soars 465 pts; Yes Bank, Infy, RIL steal the show

Rediff.com15 Jan 2019

In the Sensex pack, other gainers were Bajaj Finance, Bharti Airtel, Tata Motors, Hero MotoCorp, HUL, Asian Paints, HDFC duo and ONGC -- gaining as much as 2.87 per cent.

Mahatma Gandhi statue vandalised in US; India demands action

Mahatma Gandhi statue vandalised in US; India demands action

Rediff.com30 Jan 2021

The statue of Gandhi, which was donated by the Indian government to the city of Davis, was installed by the city council four years ago amidst protests from anti-Gandhi and anti-India organisations.

Connaught Place world's 7th most expensive office market

Connaught Place world's 7th most expensive office market

Rediff.com16 Jun 2016

Mumbai's Bandra Kurla Complex moved down from 18th to 19th position.

Modiji, whatever happened to competing with China?

Modiji, whatever happened to competing with China?

Rediff.com23 Oct 2020

Now we must first compete with Bangladesh. This is not what we had been promised, notes Aakar Patel.

Maha Vikas Aghadi teeters as allies pull in different ways

Maha Vikas Aghadi teeters as allies pull in different ways

Rediff.com5 Jul 2021

The Shiv Sena and the NCP suspect that either of them may walk into the waiting arms of the BJP. The Congress feels that the Sena and the NCP may eventually team up and marginalise it, reports Dhaval Kulkarni

Sensex soars 292 points on easing trade war concerns

Sensex soars 292 points on easing trade war concerns

Rediff.com1 Jul 2019

Top gainers in the Sensex pack included Tata Motors, Bajaj Auto, HDFC twins, IndusInd Bank and RIL, rallying up to 3.23 per cent.

Complacent banks will turn dinosaurs this decade

Complacent banks will turn dinosaurs this decade

Rediff.com13 Jan 2021

In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.

Reliance to conclude Aramco deal this year: Ambani

Reliance to conclude Aramco deal this year: Ambani

Rediff.com24 Jun 2021

Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.

Sharif meets top Pak officials ahead of talks with Swaraj

Sharif meets top Pak officials ahead of talks with Swaraj

Rediff.com8 Dec 2015

Pakistan Prime Minister Nawaz Sharif on Tuesday chaired a high-level meeting of top security and civil officials ahead of holding talks with External Affairs Minister Sushma Swaraj on the sidelines of a regional conference in Islamabad.

Economy poised to take off at a much faster pace, says Jaitley

Economy poised to take off at a much faster pace, says Jaitley

Rediff.com12 Feb 2015

India's economy is poised to take off at a much faster pace, Finance Minister Arun Jaitley told reporters on Thursday.

Why ONGC is grappling with existential crisis

Why ONGC is grappling with existential crisis

Rediff.com20 Jul 2021

It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.

Chidambaram favours easing rules for airlines to fly abroad

Chidambaram favours easing rules for airlines to fly abroad

Rediff.com11 Oct 2013

Finance Minister P Chidambaram has supported Civil Aviation Minister Ajit Singh's suggestion on doing away with a rule that bars Indian carriers from flying abroad unless they complete five years of service and own a 20-aircraft fleet.

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.

Centre to issue government securities without foreign limits soon

Centre to issue government securities without foreign limits soon

Rediff.com24 Feb 2020

While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.

IFC to invest $500 mn in India

IFC to invest $500 mn in India

Rediff.com22 Aug 2006

International Finance Corporation, the private sector financing arm of the World Bank Group, is likely to invest $500 million in India this fiscal. \n

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