News for 'Financial Powers'

Can Tekton SUV Bring Nissan Back Into the Big League?

Can Tekton SUV Bring Nissan Back Into the Big League?

Rediff.com11 Jul 2026

Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

Rediff.com8 Jul 2026

The Enforcement Directorate conducted searches in Kolkata as part of an investigation into alleged fund routing from TMC's bank accounts for purchasing an Embraer jet and an AgustaWestland helicopter. The probe suggests Rs 160 crore was transferred to Carewell Aviation, with Rs 112 crore used for aircraft. The ED suspects the arrangement was designed to camouflage the true purpose of transactions. This comes amidst frozen TMC bank accounts and ongoing internal party disputes.

SBI Boosts YONO Platform With New AI Features And Digital Journeys

SBI Boosts YONO Platform With New AI Features And Digital Journeys

Rediff.com1 Jul 2026

State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.

BJP trying to topple J-K govt, MLAs offered Rs 20-30cr: Omar

BJP trying to topple J-K govt, MLAs offered Rs 20-30cr: Omar

Rediff.com11 Jul 2026

Jammu and Kashmir Chief Minister Omar Abdullah has accused the BJP of attempting to destabilise his government by trying to split the National Conference. He alleged that the BJP is using financial incentives and promises of ministerial berths and statehood to lure his MLAs, with one MLA reportedly offered up to Rs 30 crore. Abdullah asserted that his party's legislators would not compromise their integrity.

Trump scraps 20% Hormuz toll for 'massive' Gulf investment deals

Trump scraps 20% Hormuz toll for 'massive' Gulf investment deals

Rediff.com15 Jul 2026

Donald Trump announced he is replacing the 20% reimbursement fee for securing the Strait of Hormuz with massive trade and investment deals from Gulf States into the United States, while maintaining a full blockade on Iranian ship traffic.

10 AI Careers For Fresh Graduates

10 AI Careers For Fresh Graduates

Rediff.com15 Jul 2026

Dr Lovi Raj Gupta, pro vice-chancellor, Lovely Professional University, explains how aspiring professionals can equip themselves for a competitive AI-driven job market.

Should You Buy 30-Year Government Bonds?

Should You Buy 30-Year Government Bonds?

Rediff.com14 Jul 2026

Long-duration bonds allow investors to match investment tenure with long-term liabilities and also stabilise their long-duration portfolios.

81 lakh women removed from Maharashtra's Ladki Bahin scheme

81 lakh women removed from Maharashtra's Ladki Bahin scheme

Rediff.com13 Jul 2026

Maharashtra's Ladki Bahin Yojana has seen 81 lakh registered beneficiaries removed following a multi-month e-KYC verification drive, with the state's Women and Child Development Minister Aditi Tatkare clarifying the process was mandatory to filter out ineligible individuals, income-tax payers, and government employee families.

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Rediff.com3 Jul 2026

Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

Rediff.com17 Jun 2026

The simmering tension between former Cricket Association of Bengal (CAB) president Avishek Dalmiya and the current Sourav Ganguly-led establishment came out into the open on Wednesday, with the state cricket body's top brass issuing a strongly-worded rebuttal to allegations of corruption and governance failures barely three months before its annual general meeting.

NBFCs show strong Q4, but near-term outlook remains cautious

NBFCs show strong Q4, but near-term outlook remains cautious

Rediff.com4 Jul 2026

Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.

SBI Funds Management IPO: Listing Expected Next Week After Rs 11,692 Crore Offer

SBI Funds Management IPO: Listing Expected Next Week After Rs 11,692 Crore Offer

Rediff.com14 Jul 2026

SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.

Dell Expands Local Server Production In India Driven By AI And Data Sovereignty

Dell Expands Local Server Production In India Driven By AI And Data Sovereignty

Rediff.com30 Jun 2026

Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.

July 8 Market Crash: 'Volatility Is Best Friend Of Investor'

July 8 Market Crash: 'Volatility Is Best Friend Of Investor'

Rediff.com9 Jul 2026

'Buy on dips, buy on dips and sell on rise.'

Former Civic Chief Arrested In Multi-Crore Solar Scam After Evading Capture

Former Civic Chief Arrested In Multi-Crore Solar Scam After Evading Capture

Rediff.com14 Jun 2026

Swapan Nandi, former chairman of Arambagh Municipality, has been arrested in Kerala for alleged irregularities in a multi-crore solar power project. Nandi reportedly altered his appearance and absconded to evade arrest in the Green City project scam, which also saw three other accused apprehended earlier.

Gold loans, commercial realty fuel NBFC credit surge in May

Gold loans, commercial realty fuel NBFC credit surge in May

Rediff.com8 Jul 2026

Non-banking financial companies (NBFCs) in India saw their overall credit growth accelerate to 14.2 per cent year-on-year in May, primarily driven by significant increases in loans against gold jewellery and commercial real estate, according to recent Reserve Bank of India (RBI) data.

Meghalaya 'Bans' Quick Commerce

Meghalaya 'Bans' Quick Commerce

Rediff.com3 Jul 2026

At the heart of the decision is concern over the survival of Meghalaya's neighbourhood retailers.

RIL beats estimates with record quarterly EBITDA; YoY profit falls

RIL beats estimates with record quarterly EBITDA; YoY profit falls

Rediff.com17 Jul 2026

Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.

The Strategic Importance Of Pakistan's Gwadar Port For China

The Strategic Importance Of Pakistan's Gwadar Port For China

Rediff.com13 Jul 2026

Gwadar is viewed as a critical pearl in China's maritime strategy as it would give a permanent logistical footprint near an important choke point - the Strait of Hormuz and the oil rich Persian Gulf, explains Commodore Venugopal Menon (retd).

Not true: WhatsApp denies popular figure username abuse amid govt scrutiny

Not true: WhatsApp denies popular figure username abuse amid govt scrutiny

Rediff.com2 Jul 2026

WhatsApp has asserted that username reservation relating to well-known public figure names is restricted only to their legitimate account owners, and termed as "false" any claims that people are reserving popular or well-known usernames.

Takaichi's Assam visit cancelled, Modi to host Japan PM in New Delhi

Takaichi's Assam visit cancelled, Modi to host Japan PM in New Delhi

Rediff.com24 Jun 2026

The planned India-Japan annual summit, featuring Japanese PM Sanae Takaichi and Indian PM Narendra Modi, has been moved from Guwahati to New Delhi due to logistical issues and Takaichi's tight schedule. The summit, scheduled for July 1-3, aims to boost bilateral ties with discussions on investment, supply chain deals, energy resilience, and strategic oil reserves, accompanied by a delegation of 50 Japanese companies.

Why FPI Selling Hasn't Hurt Markets

Why FPI Selling Hasn't Hurt Markets

Rediff.com13 Jul 2026

Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.

Rupee Exchange Rate Is Not Just A Number

Rupee Exchange Rate Is Not Just A Number

Rediff.com6 Jul 2026

If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

Can SIPs Help You Live Debt-Free?

Can SIPs Help You Live Debt-Free?

Rediff.com18 Jun 2026

A simple SIP-first approach can help reduce debt, avoid EMIs and build lasting financial freedom through disciplined spending, advises Ramalingam Kalirajan

Vedanta Aluminium Metal set to be top performer post-demerger

Vedanta Aluminium Metal set to be top performer post-demerger

Rediff.com24 Jun 2026

The demerger of Vedanta's four new entities - Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel - has led to a 16% appreciation in aggregated market capitalisation, with Vedanta Aluminium Metal identified as a likely near-term top performer due to its scale, low production costs, and favourable commodities cycle.

Bhagwat's Haldighati Claim Diminishes History

Bhagwat's Haldighati Claim Diminishes History

Rediff.com23 Jun 2026

Maharana Pratap became a hero not because he won a battle, but because he continued fighting after he lost one, asserts Harishchandra.

Is Rs 1 Cr Enough For Retirement?

Is Rs 1 Cr Enough For Retirement?

Rediff.com1 Jul 2026

Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

Rediff.com25 Jun 2026

Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.

VB G RAM G Faces Monsoon Test

VB G RAM G Faces Monsoon Test

Rediff.com9 Jul 2026

As MGNREGA comes to a close, both critics and supporters keenly eye VB G RAM G's performance.

Pakistan Offers To Mediate Between Iran, US: Financial Times

Pakistan Offers To Mediate Between Iran, US: Financial Times

Rediff.com23 Mar 2026

'Pakistan has pitched Islamabad as a possible venue for talks as early as this week involving senior figures from the Trump administration and Iran,' the Financial Times reported.

Man Held In Maharashtra For Black Magic Fraud

Man Held In Maharashtra For Black Magic Fraud

Rediff.com2 Jun 2026

Police in Maharashtra's Latur district have registered a case against a man for allegedly cheating people by claiming to possess supernatural powers.

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Rediff.com19 Jun 2026

The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.

Mid- and Small-Cap SIP Returns Rebound, Boosting MF Industry Outlook

Mid- and Small-Cap SIP Returns Rebound, Boosting MF Industry Outlook

Rediff.com2 Jul 2026

Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.

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.

India-EU FTA Legal Scrub to Conclude Soon, Pact Expected by December 31

India-EU FTA Legal Scrub to Conclude Soon, Pact Expected by December 31

Rediff.com3 Jul 2026

Commerce Minister Piyush Goyal announced that the legal scrubbing of the India-EU Free Trade Agreement (FTA) text is expected to be completed within 10-12 days, with the final deal anticipated to be signed by December 31.

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Rediff.com4 Jul 2026

'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'

Modi concerned over Ram temple donation theft: Vinay Katiyar

Modi concerned over Ram temple donation theft: Vinay Katiyar

Rediff.com3 Jul 2026

Senior Bharatiya Janata Party leader and former MP Vinay Katiyar on Friday said he has spoken to Prime Minister Narendra Modi over the Ram temple donations' theft issue and he "expressed concern".

Modi-Takaichi Summit Opens New India-Japan Chapter

Modi-Takaichi Summit Opens New India-Japan Chapter

Rediff.com7 Jul 2026

Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.

Delhi sets countdown for ICE 2W, 3W phaseout

Delhi sets countdown for ICE 2W, 3W phaseout

Rediff.com30 Jun 2026

The Delhi government has approved the Delhi EV Policy 2.0, which will phase out fresh registrations of internal combustion engine (ICE) two-wheelers and three-wheelers over the next two years, starting with a ban on ICE 3Ws and N1 category LCVs from January 1, 2027, and ICE 2Ws from April 1, 2028.

IPL 2026: 'Financial condition was not good': Mukul Choudhary lives father's dream

IPL 2026: 'Financial condition was not good': Mukul Choudhary lives father's dream

Rediff.com10 Apr 2026

Mukul Choudhary starred with a blistering half-century to help Lucknow Super Giants clinch a thrilling three-wicket win against Kolkata Knight Riders.