News for 'Financial Institutions Group'

Hindenburg effect: Trading volumes rose amid rout in Adani Group shares

Hindenburg effect: Trading volumes rose amid rout in Adani Group shares

Rediff.com15 Feb 2023

The rout in Adani Group stocks after US-based short seller Hindenburg Research released a report on January 24 has sparked a rebound in trading activity this month. The average daily trading volume (ADTV) for the cash segment (both NSE and BSE combined) so far in February stands at Rs 59,346 crore, and is around 15 per cent more than the previous month's tally of Rs 51,844 crore, which was the lowest in six months. The ADTV for the futures and options (F&O) segment rose to a record Rs 204 trillion (notional turnover) against Rs 202 trillion in January.

Why You Should Invest In ULIPs Long Term

Why You Should Invest In ULIPs Long Term

Rediff.com29 Aug 2024

Younger people, who usually have a longer investment horizon which allows them to handle the interim volatility, may go for them.

'15L From Land Sale. How To Save Tax?'

'15L From Land Sale. How To Save Tax?'

Rediff.com1 Oct 2024

rediffGURU Samkit Maniar answers readers' personal income tax queries.

Adani Power revives old ambitions as power demand surges in India

Adani Power revives old ambitions as power demand surges in India

Rediff.com10 Apr 2024

Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.

Ambanis Own 10% of India's Wealth

Ambanis Own 10% of India's Wealth

Rediff.com9 Aug 2024

The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.

Correction in steel stocks could be a buying opportunity

Correction in steel stocks could be a buying opportunity

Rediff.com28 Sep 2024

India's steel market is out of step with global trends. Global demand is weak with China at a huge supply surplus to its domestic demand, pushing down global steel prices. India's domestic demand for steel is strong, given the continuing infrastructure push and is likely to accelerate as urbanisation improves, and the auto sector continues to grow alongside the infrastructure push.

'Cheaper, faster, safer': India, Singapore launch real-time payments link

'Cheaper, faster, safer': India, Singapore launch real-time payments link

Rediff.com22 Feb 2023

In the first such collaboration for India, the country's flagship payments platform, the Unified Payments Interface (UPI), and Singapore's PayNow payment system have launched a real-time cross-border payment linkage system. The linkage, which was launched by Prime Minister (PM) Narendra Modi and Singapore's PM Lee Hsien Loong on Tuesday, was kicked off by a live cross-border transaction between Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore managing director Ravi Menon, using mobile phones.

Investing in IPOs? Read this

Investing in IPOs? Read this

Rediff.com18 Sep 2024

IPOs inherently carry more risks than stocks that have been listed on the exchanges for some time.

Ajay Banga becomes first Indian-American to head World Bank

Ajay Banga becomes first Indian-American to head World Bank

Rediff.com3 May 2023

Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."

Digital Loan Apps: Boon Or Bane?

Digital Loan Apps: Boon Or Bane?

Rediff.com18 Jan 2024

For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.

Higher discretionary sales, store growth key for gains in Avenue Supermarts

Higher discretionary sales, store growth key for gains in Avenue Supermarts

Rediff.com25 Jul 2024

Shares of Avenue Supermarts (DMart) have gained about 5 per cent over the past week on better than expected June quarter (Q1FY25) performance, hopes of a recovery in discretionary demand, and margin gains going ahead. The key takeaway from the results was the robust gross margin performance. Riding on improving mix, DMart posted a 34 basis point year-on-year (Y-o-Y) improvement in gross margins to 14.9 per cent.

5 PSU insurers have Rs 347-cr exposure to Adani firms: FinMin

5 PSU insurers have Rs 347-cr exposure to Adani firms: FinMin

Rediff.com14 Feb 2023

Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in Adani group of companies, the finance ministry said on Monday. In a written reply to a question by Congress' Manish Tewari, Minister of State for Finance Bhagwat Karad said Life Insurance Corp (LIC) held Rs 35,917.31 crore in debt and equity of Adani group of companies as on December 31, 2022. This is 0.97 per cent of its total assets under management (AUM) of Rs 41.66 trillion.

Want To Invest In FD? Read This

Want To Invest In FD? Read This

Rediff.com23 May 2024

Do not keep a large portion of your long-term portfolio in FDs.

Key highlights of G20 New Delhi Leaders' declaration

Key highlights of G20 New Delhi Leaders' declaration

Rediff.com9 Sep 2023

Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.

Review: Kota Factory 3 Gets Darker

Review: Kota Factory 3 Gets Darker

Rediff.com21 Jun 2024

The new season takes the students out of their preoccupation with studies to other problems -- jealousy of another's easy success, a blip in a romance, financial crunch, meltdowns, discovers Deepa Gahlot.

Investing in IPOs: What First-Time Investors Must Know

Investing in IPOs: What First-Time Investors Must Know

Rediff.com11 Jul 2024

Are you a first-time IPO investor? Even if IPOs appear attractive with expectations of high returns, they come with risks and complexities, cautions Sheetal Jhaveri and shares her checklist to help you navigate through the world of IPOs

Stocks brokers to face 'financial disincentives' for tech glitches in their trading systems

Stocks brokers to face 'financial disincentives' for tech glitches in their trading systems

Rediff.com25 Nov 2022

Markets watchdog Sebi on Friday directed stock exchanges to impose "financial disincentives" on stock brokers for technical glitches at their end, amid instances of snags at the brokers' end impacting the overall trading system. Besides, the stock brokers would have to inform the bourses within one hour of any glitch happening in their trading sysstems as well as submit a preliminary incident report in one day. As part of tightening the regulations, Sebi also said that the bourses should disseminate on their websites the instances of technical glitches occurring in the trading systems of stock brokers along with the Root Cause Analysis (RCA) of such issues.

If good neighbourliness is missing...: Jaishankar's dig at China, Pak

If good neighbourliness is missing...: Jaishankar's dig at China, Pak

Rediff.com16 Oct 2024

Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.

Adani Group may buy Deccan Chargers for $300 mn

Adani Group may buy Deccan Chargers for $300 mn

Rediff.com20 Jul 2010

Deccan Chronicle holds 80 per cent stake in Deccan Chargers and had paid $107 million for the IPL franchise.

Explained: The Boom In 2024 Right Issues

Explained: The Boom In 2024 Right Issues

Rediff.com24 Aug 2024

With Rs 17,087 crore raised so far this calendar year, the total is already 2.4 times that of the full year of 2023, which stood at Rs 7,266 crore.

As steel stocks falter, a silver lining for investors

As steel stocks falter, a silver lining for investors

Rediff.com28 Aug 2024

Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.

Want To Invest In Broad Index Funds?

Want To Invest In Broad Index Funds?

Rediff.com5 Jul 2024

'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'

Doctors Strike Opens Fissures In Bengal

Doctors Strike Opens Fissures In Bengal

Rediff.com24 Sep 2024

'The Bengali middle class, who never fully embraced Mamata Banerjee's policies, are now expressing their deep-seated frustration by spilling out on to the streets.'

Banks Or NBFCs? Where to Go For Student Loans?

Banks Or NBFCs? Where to Go For Student Loans?

Rediff.com6 Sep 2023

While both institutions provide financial assistance, there are significant differences between them in terms of offerings, eligibility criteria, interest rates, and other crucial factors.

'RBI In No Hurry To Do Big Rate Cuts'

'RBI In No Hurry To Do Big Rate Cuts'

Rediff.com30 Sep 2024

'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'

40 Years Later, Can The Wounds Ever Heal?

40 Years Later, Can The Wounds Ever Heal?

Rediff.com30 Oct 2024

As a consequence of prominence given to the brutality during those few days, a very important aspect of that episode got almost glossed over. This was the intervention by a very significant section of people who restored faith in humanity, and conveyed the message that only a small section of Indians, that too politically backed, were consumed by anti-Sikh majoritarianism. The overlooked facet of the events of 1984 was the story of significant sections of the city's populace, public figures and nondescript ones, stepping out hand-in-hand, to first stand with little but bravery in hands, in the way of attackers, and thereafter to provide immediate relief to those who lives were uprooted and who lost family members in the violence, recalls Nilanjan Mukhopadhyay.

Top 10 corporate groups owe Rs 5.73 lakh cr to lenders

Top 10 corporate groups owe Rs 5.73 lakh cr to lenders

Rediff.com2 Aug 2016

The Reserve Bank of India collects credit information from banks under the CRILC reporting system for borrowers with the credit exposure greater than Rs 5 crore.

Youth Are 83% Of The Unemployed

Youth Are 83% Of The Unemployed

Rediff.com3 Jun 2024

'The youth is stressed and students are depressed.'

Dhaka limps back to normal, but protests yet to die down

Dhaka limps back to normal, but protests yet to die down

Rediff.com25 Aug 2024

Businesses have resumed but it's not business as usual in the capital city of Bangladesh.

Budget Qs Answered: 'Selling My Home At Rs 5 Cr. How Much Tax Will I Pay?'

Budget Qs Answered: 'Selling My Home At Rs 5 Cr. How Much Tax Will I Pay?'

Rediff.com26 Jul 2024

rediffGURU Samkit Maniar answers readers' personal income tax queries.

Tax Qs on NRIs, LTCG, and Gifts Answered

Tax Qs on NRIs, LTCG, and Gifts Answered

Rediff.com22 Aug 2024

rediffGURU T S Khurana answers readers' personal income tax queries

40-year-old fintech gurus need 60-year-olds to handhold them

40-year-old fintech gurus need 60-year-olds to handhold them

Rediff.com19 Mar 2024

The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.

Another Anil Ambani firm in big trouble

Another Anil Ambani firm in big trouble

Rediff.com2 Dec 2021

Reliance Power (RPower) has defaulted on payment of interest worth Rs 1.17 crore to DBS Bank India and Rs 44 lakh to IDBI Bank. It failed to pay up interest on October 30, 2021. The firm, part of the Anil Ambani-promoted Reliance group, in filing with BSE, said it has term loans and working capital arrangements with three lenders - YES Bank, IDBI Bank and DBS. Its stock closed 1.41 per cent lower at Rs 12.6 per share on the BSE on December 1. About exposure of YES Bank, there is a 'standstill' applicable till December 26, 2021.

Is This A Good Time To Buy Stocks?

Is This A Good Time To Buy Stocks?

Rediff.com16 May 2024

'Investors need to be stock specific and should not rush to buy stocks at the current levels.'

Heal Your Body, Heal Your Soul

Heal Your Body, Heal Your Soul

Rediff.com20 Jun 2024

Early retirement is not just about money and calculators. It is more about rediscovering your passions, strengthening bonds, and living a life filled with purpose, connection, and lasting happiness. It's about reclaiming your life, explains Vatsal Ramaiya.

What prompts Chinese workers to consider leaving Pakistan?

What prompts Chinese workers to consider leaving Pakistan?

Rediff.com31 Mar 2024

The recent incident has eroded trust and Chinese social media reflects growing anxiety, with calls for stricter security measures to protect Chinese lives.

The Mystery of ZEE and DIIs

The Mystery of ZEE and DIIs

Rediff.com6 Feb 2024

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.

SC to hear Congress leader's PIL for Adani probe on Friday

SC to hear Congress leader's PIL for Adani probe on Friday

Rediff.com15 Feb 2023

The Supreme Court on Wednesday agreed to hear on February 17 a fresh plea of a Congress leader seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.