News for 'Financial Express'

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.com3 days ago

...and 3 lakh for harassment.

IDBI employees' forum opposes stake sale to Fairfax, seeks review

IDBI employees' forum opposes stake sale to Fairfax, seeks review

Rediff.com1 days ago

The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.

Rajesh Exports denies financial irregularities, blames 'communication gap' for Sebi action

Rajesh Exports denies financial irregularities, blames 'communication gap' for Sebi action

Rediff.com4 Jun 2026

Rajesh Exports has refuted allegations of financial irregularities, stating that its reported revenues are accurate and attributing the Securities and Exchange Board of India's (Sebi) interim action to a 'communication gap' between the regulator and the company.

Beed Farmer's Suicide Blamed On Quota Delay, Financial Stress

Beed Farmer's Suicide Blamed On Quota Delay, Financial Stress

Rediff.com15 May 2026

A 24-year-old farmer in Beed district allegedly committed suicide due to delays in obtaining a Kunbi caste certificate for quota benefits and financial difficulties. Police are investigating the case.

Tech Mahindra's Q1 Net Profit Surges 28.4% to Rs 1,465 Crore, Signals Strong Demand

Tech Mahindra's Q1 Net Profit Surges 28.4% to Rs 1,465 Crore, Signals Strong Demand

Rediff.com5 days ago

IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.

Air India expects 50-60 new planes in 18 months, transformation on track

Air India expects 50-60 new planes in 18 months, transformation on track

Rediff.com1 days ago

Air India Group anticipates the delivery of 50-60 new aircraft within the next 18 months, with its ambitious transformation programme progressing despite global challenges like supply chain issues and geopolitical tensions, according to Chief Commercial Officer Nipun Aggarwal.

Why Policyholders Surrender Life Insurance Policies

Why Policyholders Surrender Life Insurance Policies

Rediff.com1 days ago

Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.

9 killed, 7 injured in blast at illegal firecracker factory in Ahmedabad

9 killed, 7 injured in blast at illegal firecracker factory in Ahmedabad

Rediff.com3 days ago

An explosion and subsequent fire at an unlicensed firecracker factory in Ahmedabad, Gujarat, resulted in the deaths of nine people and injuries to six others. The incident prompted condolences and financial aid from Prime Minister Narendra Modi and Gujarat Chief Minister Bhupendra Patel, with authorities initiating an investigation into the illegal operation.

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Rediff.com1 days ago

The Indian Special Olympics football team secured a bronze medal at the Gothia Cup in Sweden, marking their third consecutive podium finish. Special Olympics Bharat president Malika Nadda praised the team's resilience and determination, while coaches highlighted the challenges of adapting to artificial turf and expressed ambitions for future gold medals.

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Rediff.com1 days ago

The Indian Special Olympics football team secured a bronze medal at the Gothia Cup in Sweden, marking their third consecutive podium finish. Special Olympics Bharat president Malika Nadda praised the team's resilience and determination, while coaches highlighted the challenges of adapting to artificial turf and expressed ambitions for future gold medals.

Gulf nations must pay for Hormuz security: Trump

Gulf nations must pay for Hormuz security: Trump

Rediff.com7 days ago

Former US President Donald Trump stated that Gulf nations should reimburse the United States for safeguarding maritime traffic through the Strait of Hormuz, while asserting that recent American military interventions have profoundly crippled Iran's military capabilities, claiming Iran has been "brought back to the Stone Ages."

AI Deepfakes Push Courts To Protect Identity Rights

AI Deepfakes Push Courts To Protect Identity Rights

Rediff.com1 days ago

Personality rights violations are increasingly being used as vehicles for financial fraud, with unsuspecting consumers misled by fabricated endorsements.

Inherited Gold: How Much Tax Will You Pay?

Inherited Gold: How Much Tax Will You Pay?

Rediff.com15 hours ago

rediffGURU Vipul Bhavsar answers readers' personal income tax queries

Blue-chip buying propels Sensex up 965 points, Nifty crosses 24,330

Blue-chip buying propels Sensex up 965 points, Nifty crosses 24,330

Rediff.com4 days ago

Indian stock markets witnessed a significant rally, with the Sensex climbing 964.58 points and the Nifty reaching 24,330, driven by strong buying in blue-chip stocks, particularly in the IT and banking sectors, amidst optimism over Q1 earnings and a shift towards large-cap investments.

Are You A Freelancer? Here's An ITR Guide

Are You A Freelancer? Here's An ITR Guide

Rediff.com13 Jul 2026

Tax treatment depends on the activity and manner of earning income.

Should You Buy 30-Year Government Bonds?

Should You Buy 30-Year Government Bonds?

Rediff.com7 days ago

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

Property Sales Fall, Discounts In Focus

Property Sales Fall, Discounts In Focus

Rediff.com13 Jul 2026

Avoid builders with very large commitments.

'We flipped over in 3 minutes': Vietnam boat tragedy survivor

'We flipped over in 3 minutes': Vietnam boat tragedy survivor

Rediff.com7 days ago

Nirmal Kumar, an Indian survivor of the recent speedboat tragedy near Phu Quoc Island, Vietnam, has recounted the horrific moments when a sudden, violent wave capsized their boat, trapping 15 passengers underwater. The accident, which occurred on July 11, claimed the lives of 15 Indian tourists, with 10 from Tamil Nadu. Kumar, who lost a childhood friend, highlighted the lack of immediate medical supplies and appealed for government assistance for the grieving families.

Will Your Kids Pay For Your Retirement?

Will Your Kids Pay For Your Retirement?

Rediff.com1 Jul 2026

Your children may always love you but should you expect them to to finance your retirement in today's economy?

Why Cashless Claims Get Denied

Why Cashless Claims Get Denied

Rediff.com6 days ago

If reimbursement becomes unavoidable, submit a complete file at the earliest.

SIT to re-audit Ayodhya trust's accounts of past 5 years

SIT to re-audit Ayodhya trust's accounts of past 5 years

Rediff.com3 Jul 2026

The Special Investigation Team (SIT) probing alleged embezzlement at the Ram temple in Ayodhya will conduct a re-audit of the Shri Ram Janmabhoomi Teerth Kshetra Trust's accounts for the past five years, following preliminary findings of large-scale irregularities.

Delhi dowry death: 'She hoped earning more would help end abuse'

Delhi dowry death: 'She hoped earning more would help end abuse'

Rediff.com7 Jul 2026

A 28-year-old newlywed Delhi woman, Akriti Sutar, who died after allegedly falling from a building, had hoped that returning to work and earning money would help her gradually end the dowry-related taunts and abuse she faced at her matrimonial home, her brother revealed.

Who Should Pay On A First Date? It's Complicated, Says Gen Z

Who Should Pay On A First Date? It's Complicated, Says Gen Z

Rediff.com8 Jul 2026

A viral Rs 370 biryani debate has reignited an age-old dating question. Should the man pay, should couples split the bill or does it depend on the situation? We asked Gen Z and dating experts.

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".

India's Badminton Future: BAI Seeks Partners For New League

India's Badminton Future: BAI Seeks Partners For New League

Rediff.com15 Jun 2026

The Badminton Association of India (BAI) has invited Expressions of Interest (EOI) from various organisations to conceptualise, develop, and manage a new professional badminton league in India. The initiative aims to create a sustainable league structure focused on commercialisation, fan engagement, and long-term growth of the sport. Interested parties must demonstrate strong financial capability and experience in managing sports leagues, with proposals due by June 30.

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.

After Trent, Noel Tata to step down as Voltas chairman

After Trent, Noel Tata to step down as Voltas chairman

Rediff.com30 Jun 2026

Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.

'No bureaucrats in Ram Temple Trust': Ayodhya seers warn govt

'No bureaucrats in Ram Temple Trust': Ayodhya seers warn govt

Rediff.com28 Jun 2026

Seers in Ayodhya are demanding that bureaucrats be excluded from the Shri Ram Janmabhoomi Teerth Kshetra Trust following allegations of donation embezzlement and the resignations of two key members, Champat Rai and Anil Mishra. While some seers call for the trust to be run solely by religious figures to prevent corruption, others defend the integrity of the resigned officials, highlighting a division within the spiritual community regarding the trust's management and accountability.

'Investors Should Prepare For Frequent Market Swings'

'Investors Should Prepare For Frequent Market Swings'

Rediff.com13 Jul 2026

'Rather than deploying all their money at once, investors should invest gradually.' 'A staggered approach is the better strategy because volatility is likely to persist.'

Jaspreet Kaur, Jhandu Kumar's Inspiring Para Powerlifting Journey

Jaspreet Kaur, Jhandu Kumar's Inspiring Para Powerlifting Journey

Rediff.com6 days ago

Jaspreet Kaur and Jhandu Kumar, two Indian para powerlifters, have overcome significant personal challenges, including polio and poverty, to qualify for the upcoming Commonwealth Games.

HLPP Vs Term Plan: Which Is Better?

HLPP Vs Term Plan: Which Is Better?

Rediff.com1 Jul 2026

An Home Loan Protection Plan repays the outstanding loan if the borrower dies or suffers a covered disability.

Smallcap Funds Surge; Experts Urge Discipline

Smallcap Funds Surge; Experts Urge Discipline

Rediff.com8 Jul 2026

Smallcap funds give investors access to businesses that can grow much faster than the broader economy.

'Terrorist is a terrorist,' no justification for murderous ideology: India at UN

'Terrorist is a terrorist,' no justification for murderous ideology: India at UN

Rediff.com2 Jul 2026

India's Permanent Representative to the UN, Ambassador Harish Parvathaneni, asserted that 'a terrorist is a terrorist' and called on the international community to collectively root out the 'murderous ideology' without seeking any justification for terrorism.

'Next Two Quarters Will Be Tough For Markets'

'Next Two Quarters Will Be Tough For Markets'

Rediff.com12 hours ago

'I don't see fear becoming a dominant factor for retail investors.'

The Lifestyle Inflation Trap: Is Earning More Actually Making You Poor?

The Lifestyle Inflation Trap: Is Earning More Actually Making You Poor?

Rediff.com1 Jul 2026

Rising income feels like success but unchecked lifestyle inflation traps urban professionals into financing a more expensive version of living paycheck-to-paycheck -- buying material upgrades instead of true future financial freedom.

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

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

Rediff.com7 days ago

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.

'My Parents Want Me To Marry Without Dating'

'My Parents Want Me To Marry Without Dating'

Rediff.com10 Jul 2026

"If you share a healthy relationship with your parents, let them know that while they are searching, you are open to meeting other men," counsels rediffGURU Shalini Singh, founder of andwemet, an online matchmaking service.

East Bengal Appoints Antonio Lopez Habas As Head Coach

East Bengal Appoints Antonio Lopez Habas As Head Coach

Rediff.com6 Jul 2026

Reigning Indian Super League champions East Bengal have announced the appointment of decorated Spanish coach Antonio Lopez Habas as their new head coach for the 2026-27 season. Habas, known for his successful stints in Indian football, returns to familiar territory as the club prepares to defend its maiden ISL League Shield amidst ownership uncertainties.

HC appoints special officer to manage TMC's frozen bank accounts

HC appoints special officer to manage TMC's frozen bank accounts

Rediff.com9 Jul 2026

The Calcutta High Court has appointed a retired judge as a special officer to manage the day-to-day expenses of the Mamata Banerjee-aligned Trinamool Congress (TMC) from three debit-frozen bank accounts. The accounts were frozen following a complaint by a rival TMC faction alleging they held proceeds of crime. The court allowed transactions for party expenses and legal costs, noting that the initial freezing lacked specific material basis and that the complainant had previously benefited from these accounts.

'If You Can't Tell Your Family You Don't Want To Marry...'

'If You Can't Tell Your Family You Don't Want To Marry...'

Rediff.com6 Jul 2026

'Many relationships break down because people are unable to honestly express what they feel. If someone cannot tell their family they do not want to go ahead with a marriage, the consequences can affect not only them but everyone involved.