News for 'Finance'

West Asia Crisis May Hit FY27 Fiscal Deficit

West Asia Crisis May Hit FY27 Fiscal Deficit

Rediff.com18 Aug 2026

The fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks.

Buying Property? Verify Title First

Buying Property? Verify Title First

Rediff.com8 Sep 2026

Examine the complete title chain to establish how the present owner acquired the property.

Nepal floods: 275 Indians remain missing

Nepal floods: 275 Indians remain missing

Rediff.com4 Sep 2026

The Ministry of External Affairs reported that 275 Indians remain missing following devastating flash floods along the Nepal-Tibet border, while 166 others have been rescued. India has supplied 95 tonnes of relief material and deployed 54 personnel, including rescue and forensic experts, to assist Nepal. The death toll in Nepal has reached 1,295, with thousands still missing, and significant infrastructure damage reported. India has also highlighted the need for developed countries to lead in climate change action.

Bangladesh's China-US Tilt Should Worry India

Bangladesh's China-US Tilt Should Worry India

Rediff.com2 Sep 2026

Bangladesh-China and Bangladesh-US relations have evolved from reluctant engagement to increasingly consequential strategic partnerships.

'AI Shouldn't Trigger Cognitive Surrender'

'AI Shouldn't Trigger Cognitive Surrender'

Rediff.com4 Sep 2026

'My suggestion to Nandan Nilekani is that it would be worthwhile for him to take a holistic review in a manner in which examination is just one critical component.'

Stock Markets Today: Sensex, Nifty Gain on Bank Stocks, Global Cues

Stock Markets Today: Sensex, Nifty Gain on Bank Stocks, Global Cues

Rediff.com3 Sep 2026

Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after a three-day slide, driven by strong buying in blue-chip bank stocks and a firm trend in global markets, supported by easing US bond yields and record foreign-currency deposit inflows.

How UPI Integration In Uzbekistan Benefits Indian Travellers

How UPI Integration In Uzbekistan Benefits Indian Travellers

Rediff.com31 Aug 2026

NPCI International and Uzbekistan's NIPC have partnered to enable UPI payments across Uzbekistan, allowing Indian tourists, business travellers, and students to make instant merchant payments using the UZQR code. This agreement, approved by RBI and CBU, integrates UPI with Uzbekistan's national payment system, HUMO, facilitating direct P2M payments from Indian bank accounts and reducing reliance on foreign exchange or international cards.

India rescues five-year-old kid among three more nationals in Nepal

India rescues five-year-old kid among three more nationals in Nepal

Rediff.com5 Sep 2026

India has rescued three more nationals, including a child, from Nepal's flood-hit Trishuli Bazaar, bringing the total evacuees to 169, while 275 Indians remain missing. The Ministry of External Affairs confirmed that 1,907 Indians safely crossed into Nepal from China and India continues to provide extensive relief materials and expert teams to assist Nepal in its recovery efforts following the devastating flash floods.

NCLT issues notices in Subhash Chandra insolvency, bars property disposal

NCLT issues notices in Subhash Chandra insolvency, bars property disposal

Rediff.com1 Sep 2026

A special five-member NCLT bench has issued notices to all parties in Subhash Chandra's personal insolvency case and directed the Essel Group Chairman not to alienate his properties, either directly or indirectly, following a split verdict on a repayment plan.

Market Cap of Five Top Firms Erodes by Rs 1 Lakh Crore; TCS Takes Biggest Hit

Market Cap of Five Top Firms Erodes by Rs 1 Lakh Crore; TCS Takes Biggest Hit

Rediff.com16 Aug 2026

The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.

'HDFC Merger Contributed To HDFC Bank's Troubles'

'HDFC Merger Contributed To HDFC Bank's Troubles'

Rediff.com7 Sep 2026

'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'

Vijay distributes portfolios, keeps home; Sengottaiyan gets finance

Vijay distributes portfolios, keeps home; Sengottaiyan gets finance

Rediff.com16 May 2026

Tamil Nadu Chief Minister C Joseph Vijay will handle key portfolios including police, general administration and welfare of women, youth and children. Veteran leader K A Sengottaiyan has been designated as the Finance Minister.

Surplus Liquidity from FCNR(B) Inflows to Cut Bank Funding Costs by 50 Bps

Surplus Liquidity from FCNR(B) Inflows to Cut Bank Funding Costs by 50 Bps

Rediff.com6 Sep 2026

Indian banks anticipate a reduction of up to 50 basis points in their funding costs due to a surge in liquidity from robust Foreign Currency Non-Resident (Bank), or FCNR (B), flows, lessening their reliance on more expensive certificates of deposit (CDs).

High-Powered Committee to Drive Banking Reforms for Viksit Bharat, Says FM Sitharaman

High-Powered Committee to Drive Banking Reforms for Viksit Bharat, Says FM Sitharaman

Rediff.com18 Aug 2026

Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.

Stock Markets Today: Sensex, Nifty Hit By HDFC Bank, Geopolitical Tensions

Stock Markets Today: Sensex, Nifty Hit By HDFC Bank, Geopolitical Tensions

Rediff.com27 Aug 2026

Indian benchmark indices, Sensex and Nifty, experienced declines in early trading, primarily due to selling pressure on blue-chip HDFC Bank and ongoing geopolitical uncertainties.

'People Were Crying That Their Builder Screwed Them'

'People Were Crying That Their Builder Screwed Them'

Rediff.com10 Sep 2026

'I met with people who had their flats redeveloped. I saw this was a real human struggle.' 'People get caught in the middle between their dreams, wishes and their community.'

'Crisis In The Economy Started Last Year'

'Crisis In The Economy Started Last Year'

Rediff.com15 Aug 2026

'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'

Nepal flash floods toll rises to 579; morgues in hospitals run out of space

Nepal flash floods toll rises to 579; morgues in hospitals run out of space

Rediff.com28 Aug 2026

Nepal is grappling with a deepening flood crisis as the death toll from devastating flash floods in Rasuwa and surrounding districts has tragically risen to 538, with authorities now warning of a fresh flood threat and initiating evacuations.

Hospitals Oppose Room Rate Cap

Hospitals Oppose Room Rate Cap

Rediff.com27 Aug 2026

'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'

Asim Munir Gives ISI's 'Dirty Harry' New Job

Asim Munir Gives ISI's 'Dirty Harry' New Job

Rediff.com5 Sep 2026

Major General Faisal Naseer, infamously dubbed 'Dirty Harry' for his controversial tenure in the ISI, has been appointed national co-ordinator of Pakistan's National Counter-Terrorism Authority.

Assam: Protests Erupt Over NH-27 Accident Deaths

Assam: Protests Erupt Over NH-27 Accident Deaths

Rediff.com3 Sep 2026

'This accident was waiting to happen. It could have been averted if the authorities had acted in time.'

What Subhash Chandra Hopes For...

What Subhash Chandra Hopes For...

Rediff.com31 Aug 2026

Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.

HDFC Bank: 'When You Have Cracks In 3 Places At Once...'

HDFC Bank: 'When You Have Cracks In 3 Places At Once...'

Rediff.com7 Sep 2026

'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'

NCLT clears Subhash Chandra's Rs 6.5 crore payout for Rs 22,006 crore debt

NCLT clears Subhash Chandra's Rs 6.5 crore payout for Rs 22,006 crore debt

Rediff.com27 Aug 2026

The National Company Law Tribunal (NCLT) has approved a repayment plan for media baron Subhash Chandra, allowing him to settle admitted creditor claims of approximately Rs 22,006.57 crore by paying just Rs 6.5 crore, resulting in a nearly 99.97 per cent haircut for lenders.

Centre spends 37% of capex target in four months

Centre spends 37% of capex target in four months

Rediff.com1 Sep 2026

The Indian Centre has spent 37 per cent of its ~12.22 trillion capital expenditure target in the first four months of FY27, marking a 30 per cent year-on-year increase, while simultaneously keeping the fiscal deficit under control at 27 per cent of the Budget Estimate.

India-China Rivalry Tests BRICS' Future

India-China Rivalry Tests BRICS' Future

Rediff.com8 Sep 2026

India and China are in what experts call 'a cooperation-versus-competition situation'.

Why Air Marshal Mishra Is The Right Man For Ram Mandir Trust

Why Air Marshal Mishra Is The Right Man For Ram Mandir Trust

Rediff.com3 Sep 2026

Jeetu, as he is known in the IAF, is known for his high intellect, ability to quickly grasp the essentials of complex situations and the readiness to articulate his views clearly and unambiguously. An excellent professional in every sense of the word, he has a well-trained military mind, honed by extensive operational flying and flight testing experience, avers Air Marshal B Manikantan (retd).

Tata Sons continues as 'upper-layer NBFC'; listing application pending

Tata Sons continues as 'upper-layer NBFC'; listing application pending

Rediff.com7 Aug 2026

Tata Sons, the holding company of the Tata group, continues to be classified as an 'upper-layer non-banking financial company' (NBFC) by the Reserve Bank of India (RBI), despite its application to deregister as an NBFC-Core Investment Company (CIC) remaining under consideration. This classification subjects it to enhanced regulation and a mandatory listing requirement, which remains uncertain.

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Rediff.com12 Aug 2026

Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.

Stock Markets Today: Sensex Jumps Over 500 Points, Nifty at 24K

Stock Markets Today: Sensex Jumps Over 500 Points, Nifty at 24K

Rediff.com20 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.

SCO approves anti-terror security centre after Modi's warning

SCO approves anti-terror security centre after Modi's warning

Rediff.com1 Sep 2026

India has highlighted 13 key outcomes from the recent Shanghai Cooperation Organisation (SCO) summit, focusing on enhanced cooperation in security, counter-terrorism, and addressing transnational threats. These outcomes include the establishment of a Universal Centre for Countering Challenges and Threats to Security, a strong stance against state-sponsored terrorism, and agreements on narcotics control, climate change, and artificial intelligence, reinforcing India's engagement in the Eurasian region.

Vice President Radhakrishnan Unveils Gnani Artha, Sovereign AI Stack For Indian Enterprises

Vice President Radhakrishnan Unveils Gnani Artha, Sovereign AI Stack For Indian Enterprises

Rediff.com28 Aug 2026

Vice President CP Radhakrishnan launched Gnani Artha, an end-to-end sovereign AI stack for Indian enterprises and public institutions. He emphasised that new technologies, including AI, will enhance ease of work and create more jobs, drawing parallels with the IT industry's growth. The initiative, backed by the India AI Mission, aims for self-reliance and includes the Gnani Evon v3.3 language model and Gnani Plexus AI platform, offering cost-effective Indic language capabilities.

Vice President Radhakrishnan Unveils Gnani Artha, Sovereign AI Stack For Indian Enterprises

Vice President Radhakrishnan Unveils Gnani Artha, Sovereign AI Stack For Indian Enterprises

Rediff.com28 Aug 2026

Vice President CP Radhakrishnan launched Gnani Artha, an end-to-end sovereign AI stack for Indian enterprises and public institutions. He emphasised that new technologies, including AI, will enhance ease of work and create more jobs, drawing parallels with the IT industry's growth. The initiative, backed by the India AI Mission, aims for self-reliance and includes the Gnani Evon v3.3 language model and Gnani Plexus AI platform, offering cost-effective Indic language capabilities.

Stock Markets Today: Sensex, Nifty in Red on Rising Crude Prices

Stock Markets Today: Sensex, Nifty in Red on Rising Crude Prices

Rediff.com19 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices and persistent geopolitical uncertainties, particularly following the expiry of the US-Iran ceasefire. Track Sensex, Nifty on August 19, 2026.

Gulf tensions drive NRI luxury home investments back to India

Gulf tensions drive NRI luxury home investments back to India

Rediff.com2 Sep 2026

Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.

US Moves to Regulate Crypto. What Will India Do?

US Moves to Regulate Crypto. What Will India Do?

Rediff.com19 Aug 2026

The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.

Enforcement Directorate To Target Crypto Frauds, Terror Financing

Enforcement Directorate To Target Crypto Frauds, Terror Financing

Rediff.com1 May 2026

The Enforcement Directorate (ED) is shifting its focus to emerging financial crimes such as cryptocurrency fraud, terror financing, cyber-enabled crimes, and narcotics trafficking, according to Director Rahul Navin. The agency reported a high conviction rate and significant asset restitution to victims of financial fraud.

Subhash Chandra clarifies personal insolvency claims total Rs 3,992 crore, not Rs 22,000 crore

Subhash Chandra clarifies personal insolvency claims total Rs 3,992 crore, not Rs 22,000 crore

Rediff.com27 Aug 2026

Media baron Subhash Chandra has clarified that the total claim against him in personal insolvency proceedings is Rs 3,992 crore, not Rs 22,000 crore as claimed by dissenting creditors, asserting he was only a personal guarantor and not the borrower.

Tata Group Faces Massive Funding Challenge

Tata Group Faces Massive Funding Challenge

Rediff.com26 Aug 2026

Tata Sons has the balance sheet to support them, for now.

Uttar Pradesh government empowers parents to evict disrespectful children

Uttar Pradesh government empowers parents to evict disrespectful children

Rediff.com26 Aug 2026

The Yogi Adityanath government in Uttar Pradesh has amended the Maintenance and Welfare of Parents and Senior Citizens Rules-2014. This amendment allows elderly parents to evict children from their property if they fail to maintain and respect them. The new provisions include a clear eviction procedure, a toll-free number for assistance, and a 30-day complaint resolution period, aiming to safeguard senior citizens' rights and promote family care.