News for 'Financial Development'

Top realtors bet on plotted development

Top realtors bet on plotted development

Rediff.com22 Dec 2025

India's leading real estate developers are accelerating their push into plotted development, a segment once dominated by unorganised players but now reshaped by branded offerings, faster cash flows and evolving buyer preferences. This strategic shift is visible across markets such as Bengaluru, Chennai, Hyderabad, Gurugram, peripheries of the Mumbai Metropolitan Region (MMR) and even Tier-II cities.

How TCS Is Building The 'Infrastructure Of Intelligence'

How TCS Is Building The 'Infrastructure Of Intelligence'

Rediff.com16 May 2026

Tata Consultancy Services (TCS) is focusing on building AI infrastructure, including India's first AI-focused data centre, as AI becomes a core operating foundation for enterprises globally.

Banks Review Cybersecurity Amid AI Threat Concerns

Banks Review Cybersecurity Amid AI Threat Concerns

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman convened a high-level meeting with bank heads to assess cybersecurity risks linked to advanced AI models, following concerns over Anthropic's Claude Mythos system and its potential impact on financial data security.

Satheesan Consults Antony, Sudheeran After Being Named Kerala CM

Satheesan Consults Antony, Sudheeran After Being Named Kerala CM

Rediff.com14 May 2026

Newly appointed Kerala CM V D Satheesan seeks guidance from senior Congress leaders A K Antony and V M Sudheeran, receiving advice on navigating the challenges of leadership and addressing the state's financial and developmental issues.

Key Myanmar Drug Trafficker Arrested In Delhi

Key Myanmar Drug Trafficker Arrested In Delhi

Rediff.com17 May 2026

The Narcotics Control Bureau (NCB) has arrested a major Myanmar-based drug trafficker in Delhi, who was a key supplier of methamphetamine and heroin. The arrest follows extensive surveillance and coordinated operations targeting transnational drug trafficking networks along the India-Myanmar border.

Why India Needs A Cultural Shift To Become A Sporting Superpower

Why India Needs A Cultural Shift To Become A Sporting Superpower

Rediff.com20 May 2026

An analysis of the disparities in India's sporting culture, highlighting the challenges faced by non-cricket athletes and the systemic changes needed for India to become a true sporting superpower.

Mumbai Police Nab Suspects In West Bengal Ashram Bombing

Mumbai Police Nab Suspects In West Bengal Ashram Bombing

Rediff.com18 May 2026

Mumbai police have arrested two individuals in connection with a bomb hurling incident outside an ashram in West Bengal's Murshidabad district. The suspects were apprehended at a railway station in Mumbai's western suburbs based on a tip-off.

Why Gold Loan Boom Needs Caution

Why Gold Loan Boom Needs Caution

Rediff.com11 May 2026

Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.

PhonePe Surpasses 50 Million Registered Merchants Milestone

PhonePe Surpasses 50 Million Registered Merchants Milestone

Rediff.com28 Apr 2026

Fintech giant PhonePe has announced it has surpassed 50 million registered merchants on its platform, marking a significant milestone as it expands its financial service offerings beyond QR code payments.

Iran War May Push Markets Into Bear Cycle

Iran War May Push Markets Into Bear Cycle

Rediff.com14 May 2026

Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.

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.

Markets to Track West Asia Situation, Crude Oil Prices This Week

Markets to Track West Asia Situation, Crude Oil Prices This Week

Rediff.com10 May 2026

Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.

VB-G RAM G Act to replace MGNREGA: What Changes For Rural Workers

VB-G RAM G Act to replace MGNREGA: What Changes For Rural Workers

Rediff.com11 May 2026

The Indian government has announced the replacement of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin), or VB-G RAM G Act, 2025, effective July 1. The new scheme aims to expand guaranteed wage employment and link it more closely with infrastructure development and climate resilience, but faces concerns from opposition parties and labour rights activists.

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Rediff.com18 May 2026

Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.

Why Tim Cook Is 'Over The Moon Excited' About India

Why Tim Cook Is 'Over The Moon Excited' About India

Rediff.com1 May 2026

Apple CEO Tim Cook expresses strong optimism about the Indian market, citing its potential for growth and the company's recent successes in the region.

'In Situation Room, to make final determination': Trump on Iran truce

'In Situation Room, to make final determination': Trump on Iran truce

Rediff.com30 May 2026

In a development that could reshape West Asia's security landscape, US President Donald Trump announced Friday that he will convene an emergency meeting in the White House Situation Room to make a final decision on a broad, multi-part peace deal with Iran.

When The Builder Does Not Deliver Your Flat...

When The Builder Does Not Deliver Your Flat...

Rediff.com30 Apr 2026

The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.

Three Held Over 2014 Kidnap And Murder In Thane

Three Held Over 2014 Kidnap And Murder In Thane

Rediff.com30 Apr 2026

Police in Thane have arrested three individuals, including a history-sheeter, in connection with the kidnapping and murder of a 23-year-old man in 2014, stemming from a land development dispute.

PFRDA unveils new retirement income scheme, eases annuity exit rules for NPS subscribers

PFRDA unveils new retirement income scheme, eases annuity exit rules for NPS subscribers

Rediff.com16 May 2026

The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new Retirement Income Scheme (RIS) and drawdown options under the National Pension System (NPS), offering greater flexibility for managing pension savings post-retirement. Additionally, PFRDA has eased annuity surrender rules, allowing exits in cases of critical illness or for older contracts with explicit surrender clauses.

Equestrian Federation Governance Reforms Face Lengthy Delays

Equestrian Federation Governance Reforms Face Lengthy Delays

Rediff.com21 May 2026

The Ad-Hoc Committee appointed to run the Equestrian Federation of India (EFI) has informed the Delhi High Court that governance reforms and elections may take longer than initially planned. The committee cited statutory requirements under the new sports law and delays in gaining full control of the federation as reasons for the extended timeline.

NEET Paper Leak Case: Accused Remanded In Custody

NEET Paper Leak Case: Accused Remanded In Custody

Rediff.com24 May 2026

A Delhi court has remanded an accused in the NEET paper leak case to judicial custody until June 6, following a plea by the Central Bureau of Investigation (CBI). The accused is alleged to have been actively involved in leaking the NEET-UG 2026 examination questions prior to the exam.

Pukhraj Gill Eyes Asian Tour Card After Breakthrough Win

Pukhraj Gill Eyes Asian Tour Card After Breakthrough Win

Rediff.com19 May 2026

Indian golfer Pukhraj Gill, fresh off his Asian Development Tour title, is focused on securing a full Asian Tour card through consistent performance and leveraging international exposure.

Why Indian Banks Are Boosting IT Security Investments

Why Indian Banks Are Boosting IT Security Investments

Rediff.com3 May 2026

Public sector banks in India are increasing their IT spending to bolster cybersecurity measures in response to concerns about Anthropic's Claude Mythos AI tool and its potential to exploit vulnerabilities in financial systems.

Realty faces execution pressure as developers expand launch pipelines

Realty faces execution pressure as developers expand launch pipelines

Rediff.com22 Dec 2025

Developers are entering one of the busiest construction cycles, with the top four firms planning launches worth Rs 1.13 trillion over the near to medium term, even as execution faces pressure from approval delays, labour shortages, rising costs, and contractor capacity limits across the industry.

How Godman Used Black Magic To Extort Millions: ED Probe

How Godman Used Black Magic To Extort Millions: ED Probe

Rediff.com21 May 2026

Self-proclaimed godman Ashok Kharat, accused of portraying himself as Lord Shiva and using black magic to extort money from victims, has been arrested by the Enforcement Directorate.

Indian Banks Discuss AI Security Risks After Global Concerns

Indian Banks Discuss AI Security Risks After Global Concerns

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss the risks associated with Artificial Intelligence (AI) following global concerns about Anthropic's Mythos model and its potential threat to financial systems' data security.

Iranian FM Araghchi arrives in India for BRICS summit; to meet Jaishankar

Iranian FM Araghchi arrives in India for BRICS summit; to meet Jaishankar

Rediff.com14 May 2026

Iranian Foreign Minister Abbas Araghchi is in India for a BRICS foreign ministers' meeting, where discussions will focus on the escalating crisis in West Asia and its impact on global energy supply chains.

PF Withdrawal Through ATM, UPI Soon

PF Withdrawal Through ATM, UPI Soon

Rediff.com13 May 2026

The proposed facility seeks to simplify and speed up PF withdrawals by allowing Employees' Provident Fund Organisation (EPFO) subscribers to access up to 75 per cent of their balance through ATMs and UPI-based systems, while retaining at least 25 per cent in their accounts.

VB-G RAM G Act from July 1, MGNREGA to be repealed

VB-G RAM G Act from July 1, MGNREGA to be repealed

Rediff.com11 May 2026

The Centre has announced that the Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act will come into force across the country from July 1, replacing the Mahatma Gandhi National Rural Employment Guarantee Act.

ED Arrests Gameskraft Founders In Money Laundering Probe

ED Arrests Gameskraft Founders In Money Laundering Probe

Rediff.com8 May 2026

The Enforcement Directorate (ED) has arrested three founders of online gaming platform, Gameskraft, in an alleged fraud-linked money laundering case. Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the Prevention of Money Laundering Act (PMLA).

Banks On Alert As AI Model Threatens Data Security

Banks On Alert As AI Model Threatens Data Security

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.

Self-Styled Godman Kharat Sent To Jail In Sexual Exploitation Case

Self-Styled Godman Kharat Sent To Jail In Sexual Exploitation Case

Rediff.com30 Apr 2026

Self-proclaimed godman and astrologer Ashok Kharat has been remanded to judicial custody until May 12 in connection with an eighth case of sexual exploitation. The Special Investigation Team (SIT) is investigating a total of 12 cases of sexual exploitation and financial fraud registered against Kharat.

Trump pushes mega Middle East reset through Iran deal

Trump pushes mega Middle East reset through Iran deal

Rediff.com26 May 2026

In a lengthy post on Truth Social, Trump said negotiations with Iran were 'proceeding nicely' and argued that several Muslim and Arab nations should formally recognise Israel and join the Abraham Accords once a deal is reached.

Now, North, South Blocks to showcase 5,000 years of Indian history

Now, North, South Blocks to showcase 5,000 years of Indian history

Rediff.com31 May 2026

Work has commenced on restoring the North and South Blocks to their original design, paving the way for the Yuge Yugeen Bharat National Museum project, with a target completion date for the first phase set for 2028.

Key Associate Of Sukesh Chandrasekhar Arrested After Deportation

Key Associate Of Sukesh Chandrasekhar Arrested After Deportation

Rediff.com5 May 2026

Delhi Police Economic Offences Wing (EOW) arrested a key associate of Sukesh Chandrasekhar, Navas Kakkat Ismail, after he was deported from Dubai. He is accused of being a crucial financial conduit and hawala operator, helping Chandrasekhar route proceeds of crime.

Banks On Alert Over AI Security Risks

Banks On Alert Over AI Security Risks

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model and its potential threat to financial systems' data security.

Next Gen ATP champ Learner Tien sees tennis as springboard for future success

Next Gen ATP champ Learner Tien sees tennis as springboard for future success

Rediff.com25 Apr 2026

American tennis player Learner Tien discusses the importance of financial awareness and planning for life after tennis, highlighting a growing trend among athletes to broaden their horizons beyond their primary careers.

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

Rediff.com11 May 2026

A software engineer earning a high salary allegedly abandoned his career to run a fake online trading racket, duping investors of nearly Rs 100 crore.

NEET-UG 2026 Scrapped: What Students Must Do Now

NEET-UG 2026 Scrapped: What Students Must Do Now

Rediff.com12 May 2026

Based on the official NTA statement and government directives issued on Tuesday, May 12, 2026, here is a guide for students and parents about what they can do now.

Gurugram Police Target Criminal's Illegal Structures

Gurugram Police Target Criminal's Illegal Structures

Rediff.com23 Apr 2026

Gurugram police demolished illegal structures on government land in Kasan village, allegedly linked to a criminal, as part of an ongoing drive to dismantle criminals' financial networks.