News for 'Financial Development'

Chairman Exit Exposes HDFC Bank Power Clash: FT

Chairman Exit Exposes HDFC Bank Power Clash: FT

Rediff.com27 Mar 2026

The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.

Chennithala Alleges Kerala Government Protecting CPI(M) Leaders in Sabarimala Case

Chennithala Alleges Kerala Government Protecting CPI(M) Leaders in Sabarimala Case

Rediff.com29 Mar 2026

Senior Congress leader Ramesh Chennithala has accused the Kerala government of protecting CPI(M) leaders allegedly involved in the Sabarimala temple gold loss case and failing to address other issues related to the temple.

Maruti Suzuki discontinues Ignis hatchback amid weak sales, supply woes hit S-Presso and WagonR

Maruti Suzuki discontinues Ignis hatchback amid weak sales, supply woes hit S-Presso and WagonR

Rediff.com30 Apr 2026

Maruti Suzuki has discontinued its Ignis hatchback due to weak sales and a shift towards SUVs, while simultaneously facing supply chain issues for its popular S-Presso and WagonR models, leading to booking halts at some dealerships.

RBI To Enhance Security For Prepaid Payment Instruments

RBI To Enhance Security For Prepaid Payment Instruments

Rediff.com22 Apr 2026

The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.

SFBs' universal licence dream: It's a long road ahead

SFBs' universal licence dream: It's a long road ahead

Rediff.com23 Apr 2026

The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.

Kerala Offers Congress Golden Chance; Will It Deliver?

Kerala Offers Congress Golden Chance; Will It Deliver?

Rediff.com8 May 2026

Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.

Reliance Cap, Yes Bank Debt Prompt EPFO Investment Rethink

Reliance Cap, Yes Bank Debt Prompt EPFO Investment Rethink

Rediff.com22 Apr 2026

Rising stressed debt and past exposures like Reliance Capital, Yes Bank push EPFO to frame exit rules for its portfolio.

LIC Offices Open on Tuesday Following Irdai Advisory

LIC Offices Open on Tuesday Following Irdai Advisory

Rediff.com30 Mar 2026

LIC offices will remain open during normal working hours on Tuesday for customer convenience, following an advisory from Irdai. CoinDCX commits to invest in cybersecurity infrastructure, and PayNearby introduces UPI QR-based cash withdrawals.

Industrial credit growth may clock 9-13% in H1CY26

Industrial credit growth may clock 9-13% in H1CY26

Rediff.com20 Apr 2026

The Indian banking sector is projected to experience a steady 9-13 per cent industrial credit growth in the first half of 2026, driven by capital expenditure, infrastructure development, and sectoral demand recovery, according to a Ficci-IBA survey.

ED Arrests I-PAC Co-founder in Money Laundering Probe

ED Arrests I-PAC Co-founder in Money Laundering Probe

Rediff.com14 Apr 2026

The Enforcement Directorate (ED) has arrested I-PAC co-founder Vinesh Chandel in connection with a money laundering case linked to the coal scam probe in West Bengal, escalating tensions ahead of the state's Assembly elections.

'Very Bad For Global Economy If War Continues'

'Very Bad For Global Economy If War Continues'

Rediff.com28 Apr 2026

'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'

India expects FY27 fertiliser subsidy bill to rise 20%, retail prices to be same

India expects FY27 fertiliser subsidy bill to rise 20%, retail prices to be same

Rediff.com28 Apr 2026

India's fertiliser subsidy bill for the current financial year (FY27) is projected to increase by approximately 20% due to surging global prices, primarily driven by the West Asia crisis, a senior official confirmed. Despite this, retail prices for urea and di-ammonium phosphate (DAP) will remain unchanged, ensuring adequate supply for the kharif season.

Want To Study In Japan On A Scholarship?

Want To Study In Japan On A Scholarship?

Rediff.com6 Apr 2026

Japan is looking for 1,000 postgraduate students, PhD scholars, and postdoctoral researchers from India for funded research opportunities at Japanese institutions.

Former AIFF General Secretary Kushal Das Passes Away at 66

Former AIFF General Secretary Kushal Das Passes Away at 66

Rediff.com13 Mar 2026

Kushal Das, former AIFF general secretary, passed away at 66. He played a key role in developing Indian football, including organising the 2017 FIFA U-17 World Cup.

Moradabad Couple Killed In Front Of Children Over Property Row

Moradabad Couple Killed In Front Of Children Over Property Row

Rediff.com22 Apr 2026

A couple was allegedly stabbed to death in Moradabad, Uttar Pradesh, in front of their three minor children due to a dispute over a house deal. Police have arrested two of the six accused, with one apprehended after a police encounter.

Three C Shelters Directors To Be Charged In Housing Project Case

Three C Shelters Directors To Be Charged In Housing Project Case

Rediff.com24 Apr 2026

A Delhi court has ordered the framing of charges against directors of Three C Shelters Pvt Ltd in connection with the stalled Greenopolis housing project in Gurugram, citing a prima facie case of cheating, forgery, and criminal conspiracy for allegedly misleading homebuyers.

Activist Anjali Damania Justifies AI Use in Godman Case Amidst Controversy

Activist Anjali Damania Justifies AI Use in Godman Case Amidst Controversy

Rediff.com6 Apr 2026

Activist Anjali Damania defends her use of AI to analyse call data records of arrested godman Ashok Kharat, amidst opposition scrutiny and allegations of illegal activity.

Foreign Universities Offer Rs 1,000 Cr Scholarships

Foreign Universities Offer Rs 1,000 Cr Scholarships

Rediff.com14 Apr 2026

The scholarships are expected to support both merit- and need-based categories, including students from non-metro regions and those enrolling in high-demand disciplines such as AI and other STEM fields.

Abhishek Banerjee Demands Release Of Bengal Funds

Abhishek Banerjee Demands Release Of Bengal Funds

Rediff.com19 Apr 2026

TMC leader Abhishek Banerjee has urged Prime Minister Narendra Modi to release pending central dues to West Bengal before professing his love for the state. Banerjee also criticised BJP leaders for their reaction to the 'Jai Bangla' slogan and accused the BJP of failing to act on its promise to develop the Sagar islands.

How Modi's Jhalmuri Purchase Could Influence Bengal Elections

How Modi's Jhalmuri Purchase Could Influence Bengal Elections

Rediff.com21 Apr 2026

BJP MP Anurag Thakur believes PM Modi's purchase of 'jhalmuri' in Jhargram will influence the West Bengal Assembly polls, contrasting it with CM Mamata Banerjee's actions. He also criticised the TMC government for blocking central schemes and failing to ensure women's safety.

Shashank Jain to Take Over as Brookfield India REIT CEO

Shashank Jain to Take Over as Brookfield India REIT CEO

Rediff.com31 Mar 2026

Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT, effective July 1.

Three killed, two hurt in US-Israeli air strike on Iran's Black Mountain

Three killed, two hurt in US-Israeli air strike on Iran's Black Mountain

Rediff.com5 Apr 2026

An air strike conducted by US and Israeli forces on the Black Mountain has resulted in the deaths of at least three individuals, Al Jazeera reported, citing Iranian state media.

Intense battle of ballot in Tamil Nadu's cradle Of democracy

Intense battle of ballot in Tamil Nadu's cradle Of democracy

Rediff.com29 Apr 2026

There is something that makes the Uthiramerur assembly constituency in Kancheepuram district special.

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Rediff.com28 Apr 2026

A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.

Will FY27 Be The Year Of Equities?

Will FY27 Be The Year Of Equities?

Rediff.com3 Apr 2026

Fixed deposits from nationalised banks delivered higher returns than equities, outperforming both inflation and stock market benchmarks.

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Rediff.com10 Apr 2026

The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.

'Is This A Slavery System In India?'

'Is This A Slavery System In India?'

Rediff.com28 Apr 2026

'Workers are the people who create all the wealth in this country. How can you call them anti-national?'

Former AIFF General Secretary Kushal Das Passes Away

Former AIFF General Secretary Kushal Das Passes Away

Rediff.com13 Mar 2026

Kushal Das played a pivotal role in organising the 2017 FIFA Under-17 World Cup in India.

Why RBI Should Stop Defending Rupee

Why RBI Should Stop Defending Rupee

Rediff.com27 Apr 2026

The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.

Is China providing military aid to Iran?

Is China providing military aid to Iran?

Rediff.com15 Apr 2026

China's Foreign Ministry has refuted allegations of providing military support to Iran, warning the US against imposing tariffs based on these accusations. The statement follows reports of Iran acquiring a Chinese satellite for targeting US military bases. Meanwhile, a rescheduled meeting between Presidents Trump and Xi Jinping is set for May.

TCS announces annual salary hikes, prioritises AI skills

TCS announces annual salary hikes, prioritises AI skills

Rediff.com10 Apr 2026

Tata Consultancy Services (TCS) has announced annual salary hikes effective April 1, with top performers receiving double-digit increases, while also renewing its multi-year strategic partnership with UK retailer Marks & Spencer (M&S) to support its omnichannel and data-driven transformation with AI.

TMC manifesto bets on women voters, ramps up welfare push

TMC manifesto bets on women voters, ramps up welfare push

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.

Arunachal Pradesh Seeks to Host North East Games in 2026

Arunachal Pradesh Seeks to Host North East Games in 2026

Rediff.com21 Mar 2026

The Arunachal Olympic Association (AOA) has submitted a proposal to the Indian Olympic Association (IOA) to host the 4th North East Games in 2026, aiming to boost sports development in the region.

Lift sanctions, accept nuclear programme: Iran's 10-point peace plan

Lift sanctions, accept nuclear programme: Iran's 10-point peace plan

Rediff.com8 Apr 2026

Iran has put forward a comprehensive 10-point framework that it says forms the basis of a complete resolution.

'Real Issue Is Land, Not Religion In Assam'

'Real Issue Is Land, Not Religion In Assam'

Rediff.com5 May 2026

'The real fault line in Assam is not Hindu versus Muslim. It is Assamese versus Bengali -- and within that, the specific anxiety about undocumented Bangladeshi settlers claiming land and altering the demographic balance of the state.'

Bihar Government Officers Under Scrutiny for Alleged Asset Discrepancies

Bihar Government Officers Under Scrutiny for Alleged Asset Discrepancies

Rediff.com31 Mar 2026

Two senior Bihar government officers are under investigation after the Economic Offences Unit (EOU) discovered property documents, cash deposits, and valuable items allegedly disproportionate to their known income.

TMC Alleges BJP Conspiracy Before West Bengal Elections

TMC Alleges BJP Conspiracy Before West Bengal Elections

Rediff.com20 Apr 2026

The TMC has intensified its attack on the BJP, alleging a 'larger conspiracy' involving central agencies ahead of the second phase of West Bengal polls on April 29, while also questioning the credibility of the Election Commission.

West Asia Conflict Can Create Havoc With Budget Numbers

West Asia Conflict Can Create Havoc With Budget Numbers

Rediff.com23 Apr 2026

The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.

JD-U reveals why it ceded Bihar's reins to BJP after Nitish exit

JD-U reveals why it ceded Bihar's reins to BJP after Nitish exit

Rediff.com23 Apr 2026

The JD(U) stated that it supported the BJP for the Bihar chief minister's post to reciprocate past support, as the new government prepares for a vote of confidence.

UltraTech Cement surpasses 200 mtpa capacity, eyes 240 mtpa by FY28

UltraTech Cement surpasses 200 mtpa capacity, eyes 240 mtpa by FY28

Rediff.com18 Apr 2026

UltraTech Cement, an Aditya Birla group company, has become the world's largest cement producer outside China, surpassing 200 million tonnes per annum (mtpa) of installed capacity in India. The company plans to invest Rs 16,000 crore to reach a target capacity of 240 mtpa by the financial year 2027-28.