News for 'Financial Times'

RBI introduces new business correspondent norms to expand banking access

RBI introduces new business correspondent norms to expand banking access

Rediff.com7 Apr 2026

The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.

Abhishek Banerjee Demands Release Of Bengal Funds

Abhishek Banerjee Demands Release Of Bengal Funds

Rediff.com19 Apr 2026

TMC leader Abhishek Banerjee has urged Prime Minister Narendra Modi to release pending central dues to West Bengal before professing his love for the state. Banerjee also criticised BJP leaders for their reaction to the 'Jai Bangla' slogan and accused the BJP of failing to act on its promise to develop the Sagar islands.

Yearend: Time To Reassess YOUR Portfolio

Yearend: Time To Reassess YOUR Portfolio

Rediff.com29 Dec 2025

This exercise allows investors to realign their portfolios with changing market conditions and evolving personal objectives.

Gulf War: US, Israel Didn't Expect This To Happen

Gulf War: US, Israel Didn't Expect This To Happen

Rediff.com27 Mar 2026

The United States, which entered this war in expectation of a short, sharp win along the Venezuela model, is now preparing for deeper involvement in a conflict it does not fully control, without the allies it typically relies on, against an adversary that is not behaving as expected, in a global environment that is already absorbing economic shock. Prem Panicker continues his must read daily blog on the Gulf War.

Delhi HC Judge's children are govt lawyers: Kejriwal in recusal plea

Delhi HC Judge's children are govt lawyers: Kejriwal in recusal plea

Rediff.com15 Apr 2026

Kejriwal is seeking the recusal of a Delhi High Court judge in his liquor policy case, alleging a conflict of interest due to the judge's family ties to the central government's legal representation.

Adi Godrej's Son Pirojsha to Succeed Nadir Godrej as Group Chairperson

Adi Godrej's Son Pirojsha to Succeed Nadir Godrej as Group Chairperson

Rediff.com13 Apr 2026

Godrej Industries Group announces Pirojsha Godrej as the new chairperson, succeeding Nadir Godrej in August, marking a significant leadership transition within the conglomerate.

UPI Transactions Surge to Record Levels in March

UPI Transactions Surge to Record Levels in March

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, with 22.64 billion transactions, marking a significant increase from the previous year and highlighting the growing adoption of digital payments.

Pentagon Purge Rocks Iran War

Pentagon Purge Rocks Iran War

Rediff.com3 Apr 2026

The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.

Delhi Police Nab Fugitive in 35-Year-Old Murder Case

Delhi Police Nab Fugitive in 35-Year-Old Murder Case

Rediff.com11 Apr 2026

Delhi Police have arrested a proclaimed offender in connection with a 1991 murder case where a landlady was killed and her son injured during a robbery attempt.

Airspace curbs hit Indian aviation, 10,000 flights cancelled since Feb

Airspace curbs hit Indian aviation, 10,000 flights cancelled since Feb

Rediff.com7 Apr 2026

Indian carriers have cancelled over 10,000 flights since the onset of the West Asia conflict, as escalating tensions and airspace restrictions disrupted international operations, a senior government official said.

Tata Sons IPO Buzz Grows Amid Trust Rift

Tata Sons IPO Buzz Grows Amid Trust Rift

Rediff.com17 Apr 2026

If Tata Sons is listed, the special veto rights of Tata Trusts, under Article 121A, may have to go away.

HDFC Bank initiates independent review after chairman's ethics-based resignation

HDFC Bank initiates independent review after chairman's ethics-based resignation

Rediff.com24 Mar 2026

HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.

'Is This A Slavery System In India?'

'Is This A Slavery System In India?'

Rediff.com28 Apr 2026

'Workers are the people who create all the wealth in this country. How can you call them anti-national?'

Stop mlitaryops in West Asia at once, says China

Stop mlitaryops in West Asia at once, says China

Rediff.com16 Mar 2026

Amid rising tensions in West Asia, China is urging all parties to cease military operations, following Trump's appeal for help in securing the Strait of Hormuz.

Chhattisgarh to Reward Khelo India Tribal Games Medalists, Promises Olympics Bonus

Chhattisgarh to Reward Khelo India Tribal Games Medalists, Promises Olympics Bonus

Rediff.com3 Apr 2026

Chhattisgarh Chief Minister Vishnu Deo Sai announced cash prizes for the state's medal winners at the inaugural Khelo India Tribal Games and promised future rewards for Olympic athletes.

Jammu SSP Warns of Strict Action Against Drug Peddlers and Errant Police Officers

Jammu SSP Warns of Strict Action Against Drug Peddlers and Errant Police Officers

Rediff.com15 Apr 2026

Jammu police have intensified their crackdown on narcotics under the 'Nasha Mukt Abhiyan', with a zero-tolerance approach. The SSP has warned of strict accountability for police personnel and highlighted the alarming rise in drug peddling, terming it a conspiracy by an 'enemy country'.

MACT Awards 64.75 Lakh to Family of Pune Businessman Killed in Road Accident

MACT Awards 64.75 Lakh to Family of Pune Businessman Killed in Road Accident

Rediff.com30 Mar 2026

The Motor Accident Claims Tribunal (MACT) in Thane has awarded a compensation of 64.75 lakh to the family of a Pune-based businessman who died in a road accident in 2022.

Banks urge RBI to revisit forex cap, flag MTM losses

Banks urge RBI to revisit forex cap, flag MTM losses

Rediff.com30 Mar 2026

Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

Rediff.com30 Mar 2026

The Jammu and Kashmir government has directed the JKBOSE to take strict action against private schools found to be arbitrarily increasing fees and violating established regulations.

MF launches taper off in March in the midst of West Asia flare-up

MF launches taper off in March in the midst of West Asia flare-up

Rediff.com2 Apr 2026

Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.

Police Investigate Alleged Congress Ticket Scam in Delhi

Police Investigate Alleged Congress Ticket Scam in Delhi

Rediff.com27 Mar 2026

Delhi Police have registered an FIR concerning allegations of a 'ticket-for-money' scheme involving individuals connected to the Congress party, following a complaint by a Haryana-based man who claims he was asked to pay substantial amounts to secure an election ticket for his wife.

Adani Group adopts 3-layer structure to empower frontline,flatten hierarchy

Adani Group adopts 3-layer structure to empower frontline,flatten hierarchy

Rediff.com4 Apr 2026

Billionaire Gautam Adani announced the Adani Group is transitioning to a three-layer organisational structure to flatten hierarchy and empower its frontline operations, aiming for faster decision-making and increased accountability.

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Rediff.com8 Apr 2026

A former Metropolitan Police officer of Indian origin has pleaded guilty to his involvement in a 'crash for cash' scam in the UK, involving fraudulent personal injury claims after staged vehicle collisions.

Revealed! Nirmalaji's 'Dharam Sankat'...

Revealed! Nirmalaji's 'Dharam Sankat'...

Rediff.com7 Apr 2026

'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'

Rinku Singh Hails Uttar Pradesh Government For Sports Officer Role

Rinku Singh Hails Uttar Pradesh Government For Sports Officer Role

Rediff.com26 Mar 2026

India cricketer Rinku Singh has been appointed as a Regional Sports Officer by the Uttar Pradesh government under the sports quota.

How India's New Phygital Centre Aims to Transform Rural Life in Madhya Pradesh

How India's New Phygital Centre Aims to Transform Rural Life in Madhya Pradesh

Rediff.com15 Mar 2026

India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.

The Clock In Islamabad Is Ticking. And The World Is Watching Anxiously...

The Clock In Islamabad Is Ticking. And The World Is Watching Anxiously...

Rediff.com9 Apr 2026

The delegations from the US and Iran head to Islamabad on Friday, carrying a ceasefire that is already fraying, a Strait that is technically open and practically closed, and a negotiating agenda that would challenge even parties actually negotiating in good faith, which these groups are not. Prem Panicker continues his must read blog on the Iran War.

Goldman Cuts India Market Outlook

Goldman Cuts India Market Outlook

Rediff.com27 Mar 2026

Goldman Sachs has materially lowered its earnings growth forecast for Indian companies by a cumulative 9 percentage points over the next two years.

Amit Shah Vows to Tackle Corruption, Infiltration in West Bengal

Amit Shah Vows to Tackle Corruption, Infiltration in West Bengal

Rediff.com13 Apr 2026

Union Home Minister Amit Shah addressed rallies in Birbhum, West Bengal, promising to tackle corruption and infiltration if the BJP wins the upcoming elections. He criticised the TMC government and outlined welfare schemes for women, youth, and farmers.

Venugopal Files Defamation Suit Over Election Accusations

Venugopal Files Defamation Suit Over Election Accusations

Rediff.com5 Apr 2026

Congress leader K C Venugopal has filed a defamation complaint against a Haryana-based man, alleging politically motivated accusations ahead of the Kerala Assembly elections.

Amit Shah Vows to Tackle Corruption, Illegal Immigration in West Bengal

Amit Shah Vows to Tackle Corruption, Illegal Immigration in West Bengal

Rediff.com13 Apr 2026

Union Home Minister Amit Shah addressed poll rallies in West Bengal, promising to tackle corruption and illegal immigration if the BJP comes to power. He criticised the current TMC government and outlined the BJP's plans for the state.

Fexo's AI Engine Aims to Streamline Business Loan Decisions for Banks

Fexo's AI Engine Aims to Streamline Business Loan Decisions for Banks

Rediff.com12 Mar 2026

Fexo, an AI intelligence platform focused on the BFSI sector, has launched its AI decisioning engine for business loans, designed to help financial institutions accelerate AI adoption and improve decision-making processes.

Banks' gold loan portfolio surged 128% in Feb

Banks' gold loan portfolio surged 128% in Feb

Rediff.com31 Mar 2026

Loans against gold jewellery in India surged by an impressive 128 per cent year-on-year to nearly 4.28 trillion in February 2026, according to the latest Reserve Bank of India (RBI) data, significantly outpacing overall retail loan growth.

UPI Transactions Surge to Record High: Understanding the Growth Factors

UPI Transactions Surge to Record High: Understanding the Growth Factors

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.

Chairman's Resignation: HDFC Bank Faces Legal Debate

Chairman's Resignation: HDFC Bank Faces Legal Debate

Rediff.com25 Mar 2026

HDFC Bank is engaging external legal firms, both domestic and international, to investigate the circumstances surrounding former part-time chairman Atanu Chakraborty's resignation.

The 5-Step Action Plan To Your First Rs 1 Crore

The 5-Step Action Plan To Your First Rs 1 Crore

Rediff.com9 Mar 2026

From a modest salary to Rs 1 crore, here's Ramalingam Kalirajan's smart compounding blueprint for young earners

Iran conflict could shave off 1% point from India's FY27 GDP growth projections: EY

Iran conflict could shave off 1% point from India's FY27 GDP growth projections: EY

Rediff.com31 Mar 2026

A new report suggests that prolonged conflict in the Middle East could significantly impact India's GDP growth and inflation.

Former AIFF General Secretary Kushal Das Passes Away at 66

Former AIFF General Secretary Kushal Das Passes Away at 66

Rediff.com13 Mar 2026

Kushal Das, former AIFF general secretary, passed away at 66. He played a key role in developing Indian football, including organising the 2017 FIFA U-17 World Cup.

Parliamentary panel wants minimum pension under EPS hiked to Rs 7500

Parliamentary panel wants minimum pension under EPS hiked to Rs 7500

Rediff.com17 Mar 2026

A parliamentary panel has recommended an urgent review of the Rs 1,000 minimum monthly pension under the Employees' Pension Scheme, 1995, to raise it to a more realistic and dignified level, considering the rising cost of living and the financial hardships faced by pensioners.

India's forex reserves drop $11.41 billion to $698.346 billion

India's forex reserves drop $11.41 billion to $698.346 billion

Rediff.com28 Mar 2026

India's foreign exchange reserves decreased by USD 11.413 billion to USD 698.346 billion during the week ending March 20, primarily due to a significant reduction in gold reserves, according to the Reserve Bank of India (RBI).