News for 'Financial Times'

ACB Uncovers Rs 6.13 Crore Disproportionate Assets From NIMS Official

ACB Uncovers Rs 6.13 Crore Disproportionate Assets From NIMS Official

Rediff.com22 Sep 2026

Telangana's Anti-Corruption Bureau (ACB) has registered a Disproportionate Assets (DA) case against N Lakshmi Bhasker, an Additional Medical Superintendent at NIMS, Hyderabad. Searches at his properties and associates' places revealed assets worth over Rs 6.13 crore, including apartments, plots, bank deposits, and gold, acquired through alleged corrupt practices. The investigation is ongoing.

Bank blocks widow from deposits, consumer panel orders to pay Rs 14 lakh

Bank blocks widow from deposits, consumer panel orders to pay Rs 14 lakh

Rediff.com22 Sep 2026

A district consumer commission in Thiruvananthapuram has directed a cooperative bank to pay over Rs 14 lakh to a widow, Sheeba R, after it unlawfully denied her access to her deposited funds. The bank had cited an ongoing enquiry against its officials as a reason, but the commission ruled this was not a justifiable cause for withholding the money, especially given the woman's circumstances and need for funds for her mother's treatment.

India Invited To Present 2036 Olympic Bid To IOC Commission

India Invited To Present 2036 Olympic Bid To IOC Commission

Rediff.com6 Oct 2026

The International Olympic Committee (IOC) has invited India, Germany, Qatar, and Turkiye, among others, to present their bids for hosting the 2036 Olympic Games to its Future Host Commission next month. Ahmedabad is India's preferred city for the mega-event, with negotiations led by the Indian Olympic Association in collaboration with the Gujarat government and Union Sports Ministry. The host will be announced in mid-2029, following a streamlined selection process focusing on venue master-plan, funding, public support, and athlete experience.

My Twin Won Gold, Silver, Bronze And Broke A Record

My Twin Won Gold, Silver, Bronze And Broke A Record

Rediff.com7 Oct 2026

Vithya Ramraj won three medals at the Asian Games and broke P T Usha's 42-year-old record. Her twin Nithya, an international athlete herself, ruled out of the Games by an injury, looks back at their journey from a rented home to a podium finish.

India faces power crunch as coal stocks at thermal plants hit critical levels

India faces power crunch as coal stocks at thermal plants hit critical levels

Rediff.com5 Oct 2026

Coal inventories at nearly half of India's thermal power plants have fallen to less than 25 per cent of required stocks, with 80 out of 190 plants at critical levels as of September 24, prompting the Centre to invoke emergency provisions and consider mandating imported coal usage.

FCNR(B) funds find a runway ahead of festival season-led credit demand

FCNR(B) funds find a runway ahead of festival season-led credit demand

Rediff.com25 Sep 2026

RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.

Rohit, Kohli face big test as World Cup 2027 countdown begins

Rohit, Kohli face big test as World Cup 2027 countdown begins

Rediff.com26 Sep 2026

India's three-match ODI series against the West Indies, starting Sunday, is a vital preparatory stage for the ICC World Cup 2027. The series will focus on giving game time to young players like Yashasvi Jaiswal and assessing the form of key players like Rohit Sharma and Virat Kohli, who is nearing a significant ODI milestone. The development of all-rounder Nitish Kumar Reddy is also a priority. The West Indies team, grappling with recent losses and financial issues, will aim to overcome these challenges and deliver a competitive performance.

After Commonwealth and Kurash heartbreaks, Suchika Tariyal finds Asian Games redemption

After Commonwealth and Kurash heartbreaks, Suchika Tariyal finds Asian Games redemption

Rediff.com21 Sep 2026

Suchika Tariyal has made history by becoming India's first Asian Games medal winner in Mixed Martial Arts, securing a bronze in the women's traditional 60kg event. The 36-year-old fighter, who hails from Haryana, expressed immense joy and dedicated her medal to her family, acknowledging the financial struggles and personal sacrifices made throughout her career. Despite initially considering retirement, her performance has inspired her to continue her professional fighting journey.

Reliance Industries raises Rs 25,000 crore in September bond issues, navigating rising borrowing costs

Reliance Industries raises Rs 25,000 crore in September bond issues, navigating rising borrowing costs

Rediff.com1 Oct 2026

Reliance Industries Ltd (RIL) has successfully raised a total of Rs 25,000 crore through domestic bond issues in September, including a recent Rs 13,000 crore 10-year bond at 7.90 per cent, as it prioritises funding certainty amidst expectations of a possible RBI rate hike and rising borrowing costs.

Kumkum, Neeru, Pranavi: Meet India's Record-Breakers At Asian Games 2026

Kumkum, Neeru, Pranavi: Meet India's Record-Breakers At Asian Games 2026

Rediff.com6 Oct 2026

Archery emerged as one of India's biggest success stories at the 2026 Asian Games, bringing in as many as five gold medals led by 17-year-old sensation Kumkum Mohod leading the way.

More Indians Choose EMIs for Festival Shopping

More Indians Choose EMIs for Festival Shopping

Rediff.com3 Oct 2026

Festival shoppers are increasingly turning to EMIs and other affordability options for high-value purchases, especially beyond metro cities.

Sports Minister Mandaviya Directs Hockey India To Revive Cash-Strapped League

Sports Minister Mandaviya Directs Hockey India To Revive Cash-Strapped League

Rediff.com14 Sep 2026

The Sports Ministry has formed a five-member committee to address the financial viability and sustainability of the Hockey India League (HIL). Sports Minister Mansukh Mandaviya met with Hockey India officials and franchise representatives, directing them to develop a comprehensive plan for the league's revival, which has faced challenges since its return last year.

Brazil in Kolkata: India's biggest football test awaits

Brazil in Kolkata: India's biggest football test awaits

Rediff.com2 Oct 2026

India is set to host five-time world champions Brazil in a historic invitational football friendly in Kolkata. The match, while offering invaluable exposure for the Indian team, has also drawn criticism over its cost and the decision to withdraw from the FIFA ASEAN Cup. The event carries political significance and marks a key step in Brazil's rebuilding process.

All Iranian airlines to be shut down globally from Sept 23: US

All Iranian airlines to be shut down globally from Sept 23: US

Rediff.com22 Sep 2026

United States Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international travel from Wednesday, September 23, as Washington threatens secondary sanctions against foreign companies that continue providing services to Iran's carriers.

How Bank Of Baroda's New App Revolutionises Digital Payments

How Bank Of Baroda's New App Revolutionises Digital Payments

Rediff.com14 Sep 2026

Bank of Baroda has launched 'bob World 2.0', an AI-powered mobile banking app featuring voice-command capabilities for payments and navigation. The updated app also includes a personal finance management module and a persona-based customer experience, aiming to offer intuitive, secure, and personalised banking services.

Kolkata Gears Up For Historic India Vs Brazil Football Clash

Kolkata Gears Up For Historic India Vs Brazil Football Clash

Rediff.com2 Oct 2026

Five-time world champions Brazil are set to play India in an invitational friendly at Kolkata's Salt Lake Stadium, marking their first-ever international meeting. The match, while a spectacle for Indian fans, has drawn criticism regarding its cost and impact on Indian football development, with former captain Bhaichung Bhutia questioning its value over long-term investment. For Brazil, it's part of a rebuilding process, while India aims to gain invaluable experience against a top-tier team.

Indian Golf Needs Government Backing To Shed Elite Image

Indian Golf Needs Government Backing To Shed Elite Image

Rediff.com29 Sep 2026

The Women's Golf Association of India (WGAI) is advocating for increased government support and improved grassroots infrastructure to make golf more accessible to young players in India. WGAI president Kavita Singh and Hero MotoCorp executive vice-president Sanjay Bhan challenged the perception of golf as an elitist sport, highlighting the need for public facilities and resources to foster talent and change mindsets. They stressed that government intervention is crucial for developing the sport and creating career opportunities beyond playing.

Should You Buy A Return-Of-Premium Plan?

Should You Buy A Return-Of-Premium Plan?

Rediff.com30 Sep 2026

Compare premiums, claim settlement ratios, exclusions, waiting periods and surrender provisions.

How A Ronaldinho Reel Changed Quimcy's Sporting Journey

How A Ronaldinho Reel Changed Quimcy's Sporting Journey

Rediff.com19 Sep 2026

Quimcy Dsouza, a former Maharashtra footballer, made an unconventional journey to the Asian Games teqball semifinals after discovering the sport through Ronaldinho. Despite a defeat, she expressed pride in her performance and her role in pioneering teqball in India, highlighting the challenges of limited funding and her dedication to growing the sport.

Queen Maxima Praises India's Digital Infrastructure For Financial Health

Queen Maxima Praises India's Digital Infrastructure For Financial Health

Rediff.com23 Jun 2026

Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.

US halts visa interviews globally amid Trump's immigration crackdown

US halts visa interviews globally amid Trump's immigration crackdown

Rediff.com26 Aug 2026

The US State Department has paused visa appointments worldwide to conduct a 'global training initiative' for consular officers, aiming to ensure applicants are not likely to become a 'public charge' and are comprehensively evaluated, intensifying President Donald Trump's immigration crackdown.

RBI Ombudsman Can Award Compensation Of Up To 30 Lakh For Financial Loss

RBI Ombudsman Can Award Compensation Of Up To 30 Lakh For Financial Loss

Rediff.com18 Jul 2026

...and 3 lakh for harassment.

Man kills daughter, places her in fridge, dies by suicide

Man kills daughter, places her in fridge, dies by suicide

Rediff.com18 Sep 2026

A 40-year-old man in Amreli, Gujarat, allegedly killed his five-year-old daughter and then died by suicide, citing severe financial distress. The tragic incident, discovered by his wife, involved the man leaving suicide notes and decorating the room, suggesting a final, desperate act.

Flyers protest at Delhi airport as SpiceJet flights to Dubai delayed

Flyers protest at Delhi airport as SpiceJet flights to Dubai delayed

Rediff.com15 Sep 2026

Around 200 SpiceJet passengers protested at Delhi airport after their flights to Dubai were repeatedly rescheduled and delayed since Monday. The airline cited operational reasons due to an aircraft grounding and is arranging alternate flights, while the Civil Aviation Ministry and DGCA are monitoring SpiceJet's operations.

'NSE's role as trading platform will prevail over business interest'

'NSE's role as trading platform will prevail over business interest'

Rediff.com24 Sep 2026

National Stock Exchange (NSE) Chairman Srinivas Injeti stated that post-listing, the exchange's duties as a stock trading marketplace and its responsibilities as a commercial entity will see public interest overriding business interests if the two intersect.

Saudi Arabia's Pipeline Closure Raises Cost Of India's Crude

Saudi Arabia's Pipeline Closure Raises Cost Of India's Crude

Rediff.com23 Sep 2026

Saudi Arabia's East-West pipeline shutdown could make crude costlier for India as refiners face fewer supply routes and rising freight and insurance costs.

Indian Equities Tumble as Sensex Tanks 1,248 Points, Nifty Below 23,100

Indian Equities Tumble as Sensex Tanks 1,248 Points, Nifty Below 23,100

Rediff.com24 Sep 2026

Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.

Rising Inflation? Protect Your Money Now

Rising Inflation? Protect Your Money Now

Rediff.com29 Sep 2026

'Separate needs from wants and minimise discretionary spending.'

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Rediff.com23 Sep 2026

Chief Election Commissioner Gyanesh Kumar is facing significant scrutiny after an investigation revealed objections from his fellow election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, regarding decisions made during the Special Intensive Revision of voter lists. The objections, reportedly made at least 14 times, concerned issues like changes to voter registration forms and centralised control over electoral roll databases, intensifying criticism of Kumar's tenure and the EC's impartiality.

Why India Needs A Unique AI Safety Framework

Why India Needs A Unique AI Safety Framework

Rediff.com4 Oct 2026

Industry experts advocate for India to develop its own artificial intelligence (AI) safety framework, distinct from US or EU models, to address unique challenges like deepfakes and cyberattacks. They call for a comprehensive commitment involving all stakeholders and a hybrid regulatory approach combining voluntary and binding measures, as the Indian government also considers new AI regulations.

Banks will take 3-4 months to deploy FCNR(B) flows: Setty

Banks will take 3-4 months to deploy FCNR(B) flows: Setty

Rediff.com11 Sep 2026

State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.

Why Susmita Mukherjee Did 'C-Grade, Sexist Films': 'It Was A Bad Time'

Why Susmita Mukherjee Did 'C-Grade, Sexist Films': 'It Was A Bad Time'

Rediff.com7 Aug 2026

'It's a very disturbing thing to go back to my life and say, why did I act in such sexist, C-grade films, films derogatory to women. They were just bad films, bad choices. So I did, and did I sell my soul? Of course I sold my soul.'

India Inc's credit quality robust in H1FY27, but global risks loom

India Inc's credit quality robust in H1FY27, but global risks loom

Rediff.com1 Oct 2026

The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.

The High Cost Of Defending The Rupee

The High Cost Of Defending The Rupee

Rediff.com10 Sep 2026

The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.

Leaked images show damaged US bases in Iranian strikes

Leaked images show damaged US bases in Iranian strikes

Rediff.com17 Sep 2026

New photographic evidence and a Pentagon inspector general's report confirm extensive damage to US military installations across the Middle East due to Iranian missile and drone strikes. The report details billions in financial costs, structural losses to hundreds of buildings, and damage to dozens of aircraft, contradicting previous assertions about US military readiness and ordnance stockpiles. The conflict also led to disruptions in the Strait of Hormuz, impacting global oil prices.

India Must Diversify Services Exports For Sustainable Growth

India Must Diversify Services Exports For Sustainable Growth

Rediff.com9 Sep 2026

Commerce Secretary Rajesh Agarwal highlighted the critical need for India to diversify its services exports beyond the dominant IT/ITeS and professional services sectors. Speaking at the Global Fintech Fest 2026, he emphasised the vast potential in the global financial services market, where India currently holds a small share, and stressed how fintech solutions, like UPI, can drive growth, reduce remittance costs, and support MSME trade finance, ultimately leading to sustainable economic expansion.

Soaring Iran war bill: How much has the US spent so far?

Soaring Iran war bill: How much has the US spent so far?

Rediff.com20 Sep 2026

The ongoing US conflict with Iran has cost the Trump administration an estimated $45.1 billion, according to a Pentagon estimate provided to the US Congress on Friday, CNN reported, citing two sources familiar with the matter.

AICF Treasurer Resigns Amid Chess Body Turmoil

AICF Treasurer Resigns Amid Chess Body Turmoil

Rediff.com3 Oct 2026

The troubles, however, go beyond the exit of one office-bearer.

#Love Review: Romcom With No Spark

#Love Review: Romcom With No Spark

Rediff.com2 Oct 2026

Familiar ideas, frustrating characters and stretched-out storytelling make #Love far less romantic than intended.

Defence Commanders Get Bigger Financial Powers

Defence Commanders Get Bigger Financial Powers

Rediff.com5 Jun 2026

Army, Navy and Air Force commanders received enhanced powers to address urgent operational requirements quickly.