News for 'Financial Services'

Rural CV retail sales growth outpaces urban, driven by diversified economy and GST impact

Rural CV retail sales growth outpaces urban, driven by diversified economy and GST impact

Rediff.com7 Sep 2026

Rural commercial vehicle (CV) registrations have consistently outpaced urban sales from April to July 2026, driven by a significant diversification of the rural economy and the positive impact of GST-led consumption, according to experts and data from Fada.

Tata Group Faces Massive Funding Challenge

Tata Group Faces Massive Funding Challenge

Rediff.com26 Aug 2026

Tata Sons has the balance sheet to support them, for now.

Asim Munir Gives ISI's 'Dirty Harry' New Job

Asim Munir Gives ISI's 'Dirty Harry' New Job

Rediff.com5 Sep 2026

Major General Faisal Naseer, infamously dubbed 'Dirty Harry' for his controversial tenure in the ISI, has been appointed national co-ordinator of Pakistan's National Counter-Terrorism Authority.

Why TCS Made Big Porsche Bet

Why TCS Made Big Porsche Bet

Rediff.com1 Sep 2026

'Across the entire value chain, we will be able to industrialise AI adoption, and that is the main purpose of the deal.'

No blanket ban, bank account freeze must match proceeds of crime: HC

No blanket ban, bank account freeze must match proceeds of crime: HC

Rediff.com14 Aug 2026

The Allahabad High Court has ruled that investigating agencies cannot impose a blanket debit freeze on a person's bank account during cybercrime investigations. The court stated that restraint must be proportionate to the suspected proceeds of crime, directing banks to de-freeze accounts beyond the disputed amount. This ruling aims to protect innocent account holders from complete financial deprivation due to minor disputed transactions.

Google Asked To Urgently Remove Fake Bank Web Sites

Google Asked To Urgently Remove Fake Bank Web Sites

Rediff.com22 Aug 2026

Phishing sites mimicked SBI, ICICI Bank and Axis Bank to steal card details and OTPs.

Operation Sindoor veteran is Ram temple trust's first CEO

Operation Sindoor veteran is Ram temple trust's first CEO

Rediff.com3 Sep 2026

Air Marshal (retd) Jeetendra Mishra has been appointed as the first Chief Executive Officer (CEO) of the Shri Ram Janmbhoomi Teerth Kshetra Trust. His selection follows a rigorous process and comes amidst a recent controversy regarding alleged embezzlement of temple donations.

One India, one time: IST to become sole official time standard

One India, one time: IST to become sole official time standard

Rediff.com30 Aug 2026

The Indian government has notified the Legal Metrology (Indian Standard Time) Rules, 2026, establishing IST as the sole reference for all official purposes nationwide. These rules, effective in 180 days, aim to synchronise digital systems, reduce reliance on foreign time sources, and enhance coordination across critical sectors like banking, railways, and telecommunications.

'If Inflation Persists, MPC May Review Policy Rates'

'If Inflation Persists, MPC May Review Policy Rates'

Rediff.com2 Sep 2026

'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'

New 'boss' scam to dupe corporate employees busted

New 'boss' scam to dupe corporate employees busted

Rediff.com18 Aug 2026

Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.

Ladakh sets precedent with 4 percent job reservation for outstanding sportspersons

Ladakh sets precedent with 4 percent job reservation for outstanding sportspersons

Rediff.com19 Aug 2026

Ladakh has approved a four per cent reservation for outstanding sportspersons in Group 'C' government jobs, becoming the first Union Territory in India to implement such a fixed quota. This initiative aims to provide financial security and career opportunities for talented athletes, fostering an ecosystem where sporting excellence is recognised and rewarded.

India's UPI Expands Global Reach With Maldives Integration

India's UPI Expands Global Reach With Maldives Integration

Rediff.com31 Jul 2026

NPCI International Payments Ltd (NIPL) and Maldives Monetary Authority (MMA) have successfully integrated the Maldives' instant payment system 'Favara' with India's Unified Payments Interface (UPI). This enables real-time fund transfers from Maldives to UPI-enabled Indian bank accounts, marking a significant step in cross-border digital financial connectivity and bilateral economic cooperation.

Skip The iPhone Duo, Take These International Trips Instead

Skip The iPhone Duo, Take These International Trips Instead

Rediff.com11 Sep 2026

Rs 299,900 can buy you Apple's first foldable iPhone. Or it can buy you a passport full of memories, a suspiciously large holiday wardrobe and enough airport coffee to develop a personality.

'UP Has Potential To Generate More Than 11 Million Jobs'

'UP Has Potential To Generate More Than 11 Million Jobs'

Rediff.com1 Sep 2026

'Improved law and order and transparent governance have helped change UP's investment image.'

What Subhash Chandra Hopes For...

What Subhash Chandra Hopes For...

Rediff.com31 Aug 2026

Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.

NSE gets regulatory nod for Rs 30,000 cr IPO, the biggest so far

NSE gets regulatory nod for Rs 30,000 cr IPO, the biggest so far

Rediff.com4 Sep 2026

The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Rediff.com7 Aug 2026

The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.

HC quashes FCRA orders against two NGOs over funding Vizhinjam protests

HC quashes FCRA orders against two NGOs over funding Vizhinjam protests

Rediff.com12 Aug 2026

The Kerala high court has set aside the Centre's decision not to renew the FCRA certificate of two NGOs, accused by central agencies of funding agitations against the Vizhinjam sea port, saying that financial support to a protest cannot be seen as diversion of foreign funds.

How Did Tata Group Fare Under Chandra?

How Did Tata Group Fare Under Chandra?

Rediff.com21 Aug 2026

N Chandrasekaran not only faces muted financial performance from the group's listed companies, but also mounting losses at Tata Sons' unlisted subsidiaries, many of which have been set up by him in the last decade.

Some Revealing Facts About India's States!

Some Revealing Facts About India's States!

Rediff.com5 Sep 2026

As the world's most populous country, India's economy looks large in the aggregate even as its average incomes stay modest.

RBI shuts FCNR(B) swap facility early as inflows hit $52.3 billion

RBI shuts FCNR(B) swap facility early as inflows hit $52.3 billion

Rediff.com17 Aug 2026

The Reserve Bank of India (RBI) has prematurely closed its swap facility for foreign currency non-resident (bank) deposits, FCNR(B), one month ahead of schedule, after banks mobilised $52.3 billion under the scheme by August 13, indicating sufficient foreign currency reserves.

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.

Guess How Much DIIs Invested In Indian Equities?

Guess How Much DIIs Invested In Indian Equities?

Rediff.com1 Aug 2026

DIIs invested $22.8 billion in Indian equities in Q2CY26.

Manchester United bolster midfield with Carlos Baleba signing

Manchester United bolster midfield with Carlos Baleba signing

Rediff.com26 Aug 2026

Manchester United have officially signed midfielder Carlos Baleba from Brighton & Hove Albion on a contract until 2031, with an option for an additional year. The deal is reportedly worth an initial 60 million, plus add-ons, for the Cameroon international.

Bullet Gold Loans Lose Edge Under New RBI Rules

Bullet Gold Loans Lose Edge Under New RBI Rules

Rediff.com18 Aug 2026

Under bullet repayment, the principal remains outstanding and unpaid interest raises the liability over time. This makes the LTV ratio more vulnerable to a sharp fall in gold prices.

Ram Temple Trust: The 5 New Guardians

Ram Temple Trust: The 5 New Guardians

Rediff.com4 Sep 2026

The Shri Ram Janmabhoomi Teerth Kshetra Trust has appointed a new leadership team, including retired Air Marshal Jeetendra Mishra as CEO, Ayodhya lawyer Madan Mohan Pandey as trustee, Delhi businessman Mahesh Bhagchandka as treasurer, and Dr Nirmala Yadav as the first woman trustee, to address allegations of theft and improve administration and devotee facilities.

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.

How India Can Achieve A USD 55 Trillion Economy By 2047

How India Can Achieve A USD 55 Trillion Economy By 2047

Rediff.com25 Aug 2026

Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.

India Inc Sees Fastest Revenue Growth in 15 Quarters

India Inc Sees Fastest Revenue Growth in 15 Quarters

Rediff.com24 Aug 2026

Indian listed companies experienced their fastest revenue growth in 15 quarters during Q1FY27, with combined net sales rising 18.4% year-on-year, while net profit grew 16%, primarily driven by mining, metals, and banking sectors, despite a contraction in operating margins due to higher input costs.

US Visa Pause Clouds Travel Plans

US Visa Pause Clouds Travel Plans

Rediff.com27 Aug 2026

'One important clarification is that the reported US action is not a blanket cancellation of all US tourist visas.'

Hyderabad police warn women against 'rent a boyfriend' dating scam

Hyderabad police warn women against 'rent a boyfriend' dating scam

Rediff.com10 Aug 2026

The Hyderabad City Police are actively cautioning young women against the emerging "rent boyfriend" cyber scam, a deceptive online trap designed to defraud and blackmail victims through fake companionship offers.

Delhi couple held for ISI spy network, supplying Indian SIMs to Pak

Delhi couple held for ISI spy network, supplying Indian SIMs to Pak

Rediff.com28 Aug 2026

Delhi Police have dismantled an alleged Pakistan ISI-backed espionage module, arresting a couple, Md Sahil and Sameera, for procuring Indian SIM cards and sending them to Pakistan. The couple allegedly recruited individuals for reconnaissance of cantonment areas and facilitated communication for Pakistani handlers through social media.

Geopolitical jitters, Iran sanctions weigh on Indian equities

Geopolitical jitters, Iran sanctions weigh on Indian equities

Rediff.com24 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, closed lower due to persistent geopolitical tensions in the Middle East and elevated crude oil prices, with investors remaining cautious ahead of fresh US sanctions on Iran.

Vijay's 'gift' leaves MLA singing his praises in assembly

Vijay's 'gift' leaves MLA singing his praises in assembly

Rediff.com19 Aug 2026

Tamil Nadu Chief Minister C Joseph Vijay announced official vehicles and a monthly allowance for MLAs to address public grievances and monitor government projects in their constituencies. This initiative aims to reduce financial burden, improve transparency, and ensure grassroots service delivery.

Union cabinet approves high court bench for Ladakh

Union cabinet approves high court bench for Ladakh

Rediff.com20 Aug 2026

The Union Cabinet has approved the establishment of a High Court bench in Ladakh, a move lauded by Home Minister Amit Shah and Lt Governor Vinai Kumar Saxena as a significant step towards improving access to justice and ensuring the all-round development of the Union Territory.

India's Top 100 Brands Hit $253 Billion

India's Top 100 Brands Hit $253 Billion

Rediff.com15 Jul 2026

LIC is the only brand in the Brand Finance India 100 2026 report that has a top five rank in both brand value and brand strength.

Education Loans: What You Must Know

Education Loans: What You Must Know

Rediff.com31 Jul 2026

Education loan defaults carry serious consequences. Credit bureaus record missed payments against both the student and the co-borrower, usually a parent.

Banks Advised To Use RBI's AI Tool To Combat Cyber Fraud

Banks Advised To Use RBI's AI Tool To Combat Cyber Fraud

Rediff.com30 Apr 2026

Financial Services Secretary M Nagaraju has urged banks to adopt the MuleHunter AI tool developed by RBI to identify and prevent mule accounts used in cyber financial frauds. The meeting also discussed 'Operation Octopus' by Hyderabad Police and emphasised coordinated efforts and intelligence sharing.

Parliamentary Panel Wants Cap on Private Hospital Room Charges

Parliamentary Panel Wants Cap on Private Hospital Room Charges

Rediff.com12 Aug 2026

'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'

Volvo plans financial services arm

Volvo plans financial services arm

Rediff.com14 Jun 2008

AB Volvo, the Swedish truck and bus major, is planning to launch its financial services subsidiary in India. The new subsidiary is expected to start operations in the next six months, according to Volvo India Managing Director Eric Leblanc.