News for 'Financial Services'

Why D-Street is positive on 2-wheeler stocks

Why D-Street is positive on 2-wheeler stocks

Rediff.com10 Sep 2025

Given the stronger rural activity, and potential goods and services tax (GST) impact, investors are bullish on the two-wheeler (2W) segment. In August, dealers in the domestic market picked up 11 per cent more 2Ws year-on-year (Y-o-Y), despite only 2 per cent growth in retail registrations. This indicates inventory stocking ahead of the festival season. Export trends were good. TVS Motor and Royal Enfield may have gained domestic market share.

Sensex gains 270 pts on fag-end buying in banking stocks

Sensex gains 270 pts on fag-end buying in banking stocks

Rediff.com8 Jul 2025

From the Sensex firms, Kotak Mahindra Bank, Eternal, Asian Paints, NTPC, Bharat Electronics Ltd, Adani Ports, Infosys and State Bank of India were among the major gainers. However, Titan tumbled over 6 per cent. Trent, Axis Bank, Maruti and Hindustan Unilever were also among the laggards.

Fraud amount jumps 3 times in FY25, PSBs hit most

Fraud amount jumps 3 times in FY25, PSBs hit most

Rediff.com29 May 2025

The overall number of frauds, including those related to loan accounts and digital payments, jumped by three times in FY25, primarily due to reclassification of 122 cases as per a Supreme Court order, the Reserve Bank said on Thursday. The fraud value jumped to Rs 36,014 crore in FY25, up from Rs 12,230 crore in the previous fiscal year, while the number of fraud cases went down to 23,953 in FY25 from 36,060 in FY24.

Coming Soon: IPOs Worth Rs 1.02 Trillion

Coming Soon: IPOs Worth Rs 1.02 Trillion

Rediff.com2 Jun 2025

Over 60 companies are ready to launch IPOs in the coming months.

Banking, financial stocks drag Sensex down by 427 points

Banking, financial stocks drag Sensex down by 427 points

Rediff.com30 Oct 2024

From the 30-share Sensex pack, Infosys, ICICI Bank, Kotak Mahindra Bank, Mahindra & Mahindra, State Bank of India, HCL Technologies, Axis Bank, NTPC and HDFC Bank were among the laggards. In contrast, Maruti, IndusInd Bank, Adani Ports, ITC and UltraTech Cement defied broader market trends and ended in positive territory.

Insurers hopeful of reduction in GST on health, life premiums

Insurers hopeful of reduction in GST on health, life premiums

Rediff.com16 Aug 2025

The life and non-life insurance industries are hopeful of a reduction in the goods and services tax (GST) on health and life insurance premiums, after Prime Minister Narendra Modi, in his speech on Friday, announced GST relaxations aimed at providing relief to ordinary citizens, farmers, the middle class, and the small and medium enterprises (MSME) sector.

Delhi HC protects Abhishek Bachchan's personality rights

Delhi HC protects Abhishek Bachchan's personality rights

Rediff.com12 Sep 2025

The Delhi high court has protected the personality rights of Bollywood actor Abhishek Bachchan, restraining websites and online platforms from illegally using his name or images for commercial gain without his consent.

'Markets Remain Far From 2024 Euphoria'

'Markets Remain Far From 2024 Euphoria'

Rediff.com5 Sep 2025

'A balanced portfolio mix of domestic and international equity, fixed income, and precious metals is recommended.'

H1B Crisis: 'Trump Wants to Scare Indians'

H1B Crisis: 'Trump Wants to Scare Indians'

Rediff.com25 Sep 2025

'If I have to go back, I would rather go back now because I don't want to face that situation when I'm in my 40s.' A young couple's journey through immigration uncertainty reveals not just the human cost of policy announcements, but a surprising rekindling of love for the homeland left behind.

Wipro bets on banking, financial services

Wipro bets on banking, financial services

Rediff.com24 Dec 2008

The Citi deal should help Wipro beef up its presence in the banking and financial services (BFSI) space. The target company does work in the technology infrastructure services space as also application development and maintenance and the Rs 19,957 crore (Rs 199.57 billion) Wipro should be able to leverage these services with other clients. The assured revenues of $500 million will come in handy at a difficult time.

Key factors to drive stock markets this week

Key factors to drive stock markets this week

Rediff.com6 Jul 2025

Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors.

'Online Real Money Games Are A Menace'

'Online Real Money Games Are A Menace'

Rediff.com21 Aug 2025

'There are cases of suicides, and middle-class families losing their entire family savings.'

Modi announces Rs 1,600 cr relief package for flood-ravaged Punjab

Modi announces Rs 1,600 cr relief package for flood-ravaged Punjab

Rediff.com10 Sep 2025

Prime Minister Narendra Modi announced a Rs 1,600-crore assistance package for flood-hit Punjab after reviewing the damage. He also announced ex gratia for the deceased and injured. The state is battling its worst deluge since 1988.

How To Apply For The Dalai Lama Scholarship

How To Apply For The Dalai Lama Scholarship

Rediff.com5 Aug 2025

The Dalai Lama Trust Scholarship 2025 is a fully funded scholarship for students pursuing undergraduate and postgraduate studies.

Bihar polls or Trump tariffs?: Oppn on GST reforms

Bihar polls or Trump tariffs?: Oppn on GST reforms

Rediff.com4 Sep 2025

Victory wrested from regime that only listens when forced, the TMC said on GST exemption on insurance.

Spot the Scam Before It Spots You!

Spot the Scam Before It Spots You!

Rediff.com8 Jul 2025

Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.

'Patience On The Markets Will Be Rewarded'

'Patience On The Markets Will Be Rewarded'

Rediff.com18 Sep 2025

'If nominal growth improves and earnings pick up, Indian stock markets could see a rally next year.'

Cognizant Q1 net income rises 21.4%

Cognizant Q1 net income rises 21.4%

Rediff.com2 May 2025

Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.

Restaurants can't levy mandatory service charge on food bills: HC

Restaurants can't levy mandatory service charge on food bills: HC

Rediff.com29 Mar 2025

The court upheld the guidelines and imposed Rs 1 lakh cost each on the petitioners to be deposited with the CCPA towards consumer welfare.

Private banks leading AI adoption in banking services, says RBI study

Private banks leading AI adoption in banking services, says RBI study

Rediff.com22 Oct 2024

Private sector banks in India are taking the lead in the adoption of Artificial Intelligence (AI) in areas like fraud detection, customer segmentation, and chat automation, according to a Reserve Bank of India (RBI) study. The asset size and capital adequacy ratio are influencing the rate of adoption.

'Next 48 hours crucial': 10 dead, hundreds displaced as rain lash Maha

'Next 48 hours crucial': 10 dead, hundreds displaced as rain lash Maha

Rediff.com19 Aug 2025

Heavy rains in Maharashtra have caused floods, road blockages, and widespread damage, resulting in casualties and displacement. The state government is monitoring the situation and coordinating rescue efforts.

How To Help Someone Who Talks About Suicide

How To Help Someone Who Talks About Suicide

Rediff.com10 Sep 2025

Do not argue, debate or dispute on any topic with someone who may be contemplating suicide or self harm, warns psychologist Dr Sahir Jamati.

Zero-Bid Satellite Deal Raises Questions

Zero-Bid Satellite Deal Raises Questions

Rediff.com16 Aug 2025

Pixxel has raised $95 million in funding and with the company's commercial Firefly satellites up in orbit selling data globally 'we know and seen what it takes to make this business work.'

FM's constituency: a mall for financial services

FM's constituency: a mall for financial services

Rediff.com2 Mar 2011

Instead of taking loans from banks, they believe in forming groups - some acting as treasurers, others as accountants, credit officers or recovery agents - with Bandhan, one of the most active microfinance institutions (MFI) in the region.

How To Apply For The North Eastern Merit Scholarship

How To Apply For The North Eastern Merit Scholarship

Rediff.com14 Aug 2025

Selected students will receive a scholarship worth up to Rs 30,000.

India's Lone Woman Downhill Rider Turns Trailblazer

India's Lone Woman Downhill Rider Turns Trailblazer

Rediff.com17 Aug 2025

'I wasn't just racing, I was paving the way for others.'

Shares of MIIs, brokerages decline as concerns rise over threat to volumes

Shares of MIIs, brokerages decline as concerns rise over threat to volumes

Rediff.com13 Jul 2025

Stocks of brokerages and market infrastructure institutions (MIIs) witnessed selling pressure after the Securities and Exchange Board of India's (Sebi's) crackdown on proprietary trading firm Jane Street. The weakness was attributed to concerns that debarment of the US firm - a prominent player in the futures and options (F&O) segment - will lead to a further decline in volumes, which are already down over 30 per cent from the peak.

Most PSBs see decline in headcount even as branches spread

Most PSBs see decline in headcount even as branches spread

Rediff.com16 Jun 2025

At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years.

Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City

Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City

Rediff.com23 Apr 2025

To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.

Meet India's Corporate Fraudsters

Meet India's Corporate Fraudsters

Rediff.com10 Sep 2025

The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.

Sensex jumps 1,000 points; Nifty surges over 1%

Sensex jumps 1,000 points; Nifty surges over 1%

Rediff.com26 Jun 2025

From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra, Maruti and Mahindra & Mahindra were among the laggards.

Costly Mid-Layer Faces IT Layoff Axe

Costly Mid-Layer Faces IT Layoff Axe

Rediff.com18 Aug 2025

More than 7,700 senior professionals with over 15 years of experience have exited India's IT services firms -- TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Cognizant, and LTIMindtree -- over the past 12 months.

Festive Hiring To Generate 2 Lakh Jobs

Festive Hiring To Generate 2 Lakh Jobs

Rediff.com16 Jul 2025

Hiring activity has gained momentum in anticipation of upcoming festivals like Raksha Bandhan, Dussehra, Diwali, seasonal sales and the wedding season.

Tesla Hits Indian Roads But Misses Mass Appeal

Tesla Hits Indian Roads But Misses Mass Appeal

Rediff.com29 Jul 2025

Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.

States Seek Centre's Help To Deal With Trump's Tariffs

States Seek Centre's Help To Deal With Trump's Tariffs

Rediff.com2 Sep 2025

State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com1 Jun 2025

RBI's interest rate decision, macroeconomic data announcements and global trends are the key factors that would dictate the momentum in the equity market this week, analysts said.

Shilpa Shetty, Raj Kundra booked for alleged Rs 60 cr fraud

Shilpa Shetty, Raj Kundra booked for alleged Rs 60 cr fraud

Rediff.com14 Aug 2025

The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com8 Jun 2025

Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted.

IPOs That Burned Investor Wealth

IPOs That Burned Investor Wealth

Rediff.com2 Aug 2025

Many high-profile IPOs in India since 2021 have destroyed investor wealth due to overvaluation, weak business models, and post-listing disinterest, turning 1 lakh investments into as little as 3,500.

How the equity markets will fare this week

How the equity markets will fare this week

Rediff.com23 Mar 2025

Global trends, tariff-related updates and trading activity of foreign investors would be the key drivers for the equity market movement this week, analysts said. Markets witnessed a strong rebound last week, with the benchmark indices surging over 4 per cent.