News for 'Finance'

'Ethanol Blending Has Not Led to Sugar's Price Rise'

'Ethanol Blending Has Not Led to Sugar's Price Rise'

Rediff.com3 days ago

'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'

RBI's New Data Rules Force Banks, NBFCs to Rework Fintech Partnerships

RBI's New Data Rules Force Banks, NBFCs to Rework Fintech Partnerships

Rediff.com27 Aug 2026

Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.

Who Should Avoid F&O Trading?

Who Should Avoid F&O Trading?

Rediff.com7 days ago

Futures and options (F&O) trading suits investors with good market knowledge, sufficient risk capital, a tested strategy and strong discipline.

NCLT's Subhash Chandra Order: Not Rs 22,000 Cr Bank Loan Write-Off, Clarify Sources

NCLT's Subhash Chandra Order: Not Rs 22,000 Cr Bank Loan Write-Off, Clarify Sources

Rediff.com27 Aug 2026

Sources clarify that the NCLT's approval of a repayment plan for Essel Group founder Subhash Chandra does not signify a 99.97 per cent write-off of Rs 22,000 crore in bank loans, as the figure represents claims against him as a personal guarantor, not debt personally borrowed.

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.

Indian Super League season delayed, AIFF clarifies financial allegations

Indian Super League season delayed, AIFF clarifies financial allegations

Rediff.com19 Aug 2026

The Indian Super League (ISL) 2024-25 season has been postponed to after October 6 due to the FIFA international match window, and will proceed with 13 teams after Diamond Harbour FC failed to meet payment deadlines. Concurrently, the All India Football Federation (AIFF) has condemned "unverified claims" regarding its finances and the decision to withdraw from the FIFA ASEAN Cup, asserting that the prioritisation of a friendly match against Brazil was a strategic move for Indian football.

The Taj's Hidden Story Is India's Wealth

The Taj's Hidden Story Is India's Wealth

Rediff.com26 Aug 2026

In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.

Trump tightens green card rules, Indians face fresh hurdles

Trump tightens green card rules, Indians face fresh hurdles

Rediff.com19 Aug 2026

The Trump administration has reinstated and expanded the "public charge" rule, making it harder for immigrants seeking green cards if they have used public benefits like Medicaid, food stamps, or housing assistance. This policy change, effective September 18, will impact many applicants, including those from India, by broadening the criteria for inadmissibility.

Several parliamentary panels await reconstitution

Several parliamentary panels await reconstitution

Rediff.com21 Aug 2026

Several vital parliamentary committees, including those dealing with ethics, rules, and financial matters, are yet to be formally reconstituted. This delay affects the functioning of the Lok Sabha and the oversight of government operations.

Digital Banking Records Now Admissible As Evidence

Digital Banking Records Now Admissible As Evidence

Rediff.com10 Aug 2026

The Rajya Sabha has passed The Bankers' Books Evidence Bill, 2026, which aims to replace a British-era law and allow digital and virtual records to be admissible as evidence in courts. This legislation aligns with contemporary digital banking practices and extends a uniform evidential framework to various financial entities, including NBFCs and fintech companies. Finance Minister Nirmala Sitharaman highlighted the bill's role in strengthening public confidence and safeguarding customer privacy. The bill's passage, however, saw an Opposition walkout over unrelated issues.

Bangladesh ready to join Saudi-Pak-Turkiye defence alliance

Bangladesh ready to join Saudi-Pak-Turkiye defence alliance

Rediff.com23 Aug 2026

Bangladesh is considering joining a newly formed defence alliance between Saudi Arabia, Pakistan, and Turkiye, with junior ministers stating that any decision would be based on national interests and a "Bangladesh First" policy. The pact, signed in Makkah, aims for collective deterrence.

Shivakumar minister Nagendra quits again amid Valmiki scam heat

Shivakumar minister Nagendra quits again amid Valmiki scam heat

Rediff.com7 days ago

For the second time in two years, Karnataka minister B Nagendra resigned from the state Cabinet on Friday amid the Opposition heat over his alleged involvement in the Rs 89 crore Valmiki Corporation scam.

NTA Faces Major Exam Process Overhaul

NTA Faces Major Exam Process Overhaul

Rediff.com18 Aug 2026

The overhaul comes after a series of controversies surrounding the conduct of examinations administered by NTA, which has faced questions over examination security and its handling of irregularities.

AI Effect: 'Nearly 3 Million Jobs Are At Risk In India'

AI Effect: 'Nearly 3 Million Jobs Are At Risk In India'

Rediff.com7 days ago

In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.

Digital Divide Keeps Women Out of India's Gig Economy: Report

Digital Divide Keeps Women Out of India's Gig Economy: Report

Rediff.com25 Aug 2026

Despite near gender parity in basic bank account ownership, women in India remain significantly underrepresented in the growing platform economy due to gaps in digital financial capability and access to credit, according to a joint report by the International Labour Organization and National Council of Applied Economic Research.

How UPI Revolutionised India's Digital Payments Ecosystem

How UPI Revolutionised India's Digital Payments Ecosystem

Rediff.com24 Aug 2026

The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.

Bengaluru Gets First Gemini Enterprise Experience Centre

Bengaluru Gets First Gemini Enterprise Experience Centre

Rediff.com19 Aug 2026

Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.

Private Banks Intensify FCNR(B) Push as RBI Swap Window Nears Closure

Private Banks Intensify FCNR(B) Push as RBI Swap Window Nears Closure

Rediff.com19 Aug 2026

Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.

'You Can't Over-Rule A Supreme Court Judgment By Making A Law'

'You Can't Over-Rule A Supreme Court Judgment By Making A Law'

Rediff.com25 Aug 2026

'This government is in the very bad habit of doing so again and again. It has done so many times.'

RBI Keeps Tata Sons Waiting

RBI Keeps Tata Sons Waiting

Rediff.com7 Aug 2026

The RBI once again said the Tata group holding company's application for deregistration as an NBFC remains under examination.

Rising Crude Prices, US-Iran Tensions Drag Down Indian Equities

Rising Crude Prices, US-Iran Tensions Drag Down Indian Equities

Rediff.com19 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, closed lower for multiple consecutive days, with the Nifty extending its losses to a seventh day, primarily due to elevated crude oil prices following the expiry of the US-Iran ceasefire without a diplomatic resolution.

Ram Temple donation case: SC to hear pleas on August 17

Ram Temple donation case: SC to hear pleas on August 17

Rediff.com10 Aug 2026

The Supreme Court will hear petitions on August 17 seeking a court-monitored SIT probe into alleged embezzlement of donations at the Ram temple in Ayodhya, after deferring the original hearing due to the Solicitor General's UN engagement.

Markets Snap Losing Streak, Sensex Jumps 628 Points

Markets Snap Losing Streak, Sensex Jumps 628 Points

Rediff.com20 Aug 2026

Indian benchmark equity indices, the Sensex and Nifty, bounced back significantly, with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak, driven by easing global bond yields and fresh foreign fund inflows.

Bihar Prohibition Fails To Curb Crime Against Women

Bihar Prohibition Fails To Curb Crime Against Women

Rediff.com17 Aug 2026

'The prohibition regime has been accompanied by concerns regarding the expansion of the illicit liquor trade, increased enforcement challenges and corruption, and the growing use of alternative intoxicants, including illicit drugs.'

Stock Markets Today: Sensex, Nifty Down on High Crude Prices

Stock Markets Today: Sensex, Nifty Down on High Crude Prices

Rediff.com12 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to a surge in Brent crude oil prices, which rose above USD 90 per barrel, coupled with subdued global cues and ongoing US-Iran skirmishes. Track Sensex, Nifty on Auigust 12.

My US studies funded by...: Abhijeet Dipke on funding row

My US studies funded by...: Abhijeet Dipke on funding row

Rediff.com3 Aug 2026

Dipke has clarified the funding of his US education, stating it was supported by a scholarship and an education loan, amidst growing scrutiny and calls for a probe into his finances.

Building Multiple Layers Health Cover Is A Must

Building Multiple Layers Health Cover Is A Must

Rediff.com17 Aug 2026

Combine a robust base health plan with a super top-up, critical illness cover and a dedicated medical corpus to protect household finances from soaring treatment costs.

Jharkhand exam stir: Students plan CM residence gherao on Aug 30

Jharkhand exam stir: Students plan CM residence gherao on Aug 30

Rediff.com16 Aug 2026

Students protesting against alleged irregularities in Jharkhand's recruitment exams announced burning the effigies of Chief Minister Hemant Soren and Rahul Gandhi in all districts on Sunday, accusing the Jharkhand Mukti Morcha-Congress alliance of "failing to take concrete action" on their demands.

CAG audit reveals Indian Railways' lease repayment on wrong track

CAG audit reveals Indian Railways' lease repayment on wrong track

Rediff.com14 Aug 2026

A Comptroller and Auditor General (CAG) audit for 2024-25 has highlighted Indian Railways' concerning trend of repaying lease charges to its borrowing arm, IRFC, from budgetary grants instead of internal resources, alongside significant delays in safety-centric works.

Indian Stocks Dip as Global Crude Oil Prices Jump Amid Geopolitical Tensions

Indian Stocks Dip as Global Crude Oil Prices Jump Amid Geopolitical Tensions

Rediff.com11 Aug 2026

Indian benchmark indices Sensex and Nifty closed lower, with the Sensex dropping 388 points and Nifty declining 112 points, as a sharp rally in crude oil prices, driven by geopolitical uncertainties and concerns over the Strait of Hormuz, dampened investor sentiment and reignited inflation fears.

Sensex tanks 493 points, Nifty falls for 6th day as crude oil jumps to $91/barrel

Sensex tanks 493 points, Nifty falls for 6th day as crude oil jumps to $91/barrel

Rediff.com18 Aug 2026

Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.

Stock Markets Today: Sensex, Nifty Down Over US-Iran Impasse

Stock Markets Today: Sensex, Nifty Down Over US-Iran Impasse

Rediff.com14 Aug 2026

Indian benchmark indices, Sensex and Nifty, saw declines in early trade, with the ongoing US-Iran standoff cited as a major factor impacting investor sentiment and raising concerns about inflationary pressures and currency volatility for oil-importing nations like India. Track Sensex, Nifty on August 14, 2026.

DRI uncovers Rs 2,500-cr areca nut import fraud; 9 held

DRI uncovers Rs 2,500-cr areca nut import fraud; 9 held

Rediff.com16 Aug 2026

The Directorate of Revenue Intelligence (DRI) has dismantled a large-scale network involved in fraudulently importing South-East Asian areca nuts into India. The syndicate falsely declared the nuts as Bangladeshi origin to evade customs duty, leading to a potential revenue loss of over Rs 2,500 crore. Nine individuals have been arrested in connection with the scam.

RBI extends loan recovery norms implementation to 2027, eases some rules

RBI extends loan recovery norms implementation to 2027, eases some rules

Rediff.com7 Aug 2026

The Reserve Bank of India (RBI) has extended the implementation date for its revised loan recovery and agent engagement directions to January 1, 2027, from the previously proposed October 1, 2026, following stakeholder feedback.

How To Claim Unclaimed Bank Deposits

How To Claim Unclaimed Bank Deposits

Rediff.com21 Aug 2026

A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.

AU Small Finance Bank Pioneers AI-Native Loan Origination

AU Small Finance Bank Pioneers AI-Native Loan Origination

Rediff.com12 May 2026

AU Small Finance Bank has launched its first AI-native loan origination system, built on the Broccoli platform, in partnership with Amazon Web Services. This deployment marks a significant step towards becoming a fully AI-native bank, replacing traditional systems with a hyper-personalised sales and servicing platform.

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Rediff.com18 Aug 2026

India's six publicly listed Real Estate Investment Trusts (REITs) collectively distributed approximately 3,136 crore to over 485,000 unitholders during the first quarter (April-June) of the current financial year (FY27), demonstrating the sector's resilience despite global uncertainties.

NEET, UGC-NET fallout: NTA axes 50 staffers, begins leadership overhaul

NEET, UGC-NET fallout: NTA axes 50 staffers, begins leadership overhaul

Rediff.com17 Aug 2026

The National Testing Agency (NTA) is undergoing significant reforms, including the removal of over 50 staff members and the onboarding of new leadership and domain specialists. This comes after recent issues like errors in UGC-NET papers, leading to re-tests, and the cancellation of NEET-UG 2026. The Education Ministry has directed a complete overhaul of exam protocols and a thorough audit of all processes to ensure integrity.

CIBIL Score Explained: Why It Matters

CIBIL Score Explained: Why It Matters

Rediff.com13 Aug 2026

For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.

Planning To Invest In A House? Check Rental Yield

Planning To Invest In A House? Check Rental Yield

Rediff.com20 Aug 2026

Rental yield can indicate whether a property is undervalued, overvalued or fairly valued.