News for 'Foreign exchange'

Why NRIs are holding back on market bets

Why NRIs are holding back on market bets

Rediff.com23 Jul 2025

Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.

Sensex sinks 573 pts on global tensions and high crude prices

Sensex sinks 573 pts on global tensions and high crude prices

Rediff.com13 Jun 2025

Sensex sinks 573 pts on global tensions and high crude prices

Sensex, Nifty surge nearly 1% on global rally

Sensex, Nifty surge nearly 1% on global rally

Rediff.com25 Jun 2025

On the other hand, Bharat Electronics, Kotak Mahindra Bank and Axis Bank were the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled higher.

This Is India's Oldest Surviving Tiranga

This Is India's Oldest Surviving Tiranga

Rediff.com30 Jul 2025

The first national flag in Independent India was hoisted at Fort St George in Madras, not at Delhi's Red Fort.

Modi attends Independence Day celebrations in Maldives

Modi attends Independence Day celebrations in Maldives

Rediff.com26 Jul 2025

Prime Minister Narendra Modi on Saturday graced the 60th Independence Day celebrations of the Maldives as the guest of honour, signalling a renewed warmth in bilateral ties after a spell of unease.

Sensex decline on fag-end selling; financial stocks drag

Sensex decline on fag-end selling; financial stocks drag

Rediff.com3 Jul 2025

Among the Sensex firms, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, Adani Ports, Trent, State Bank of India, Titan and Tata Consultancy Services were the laggards. However, Maruti, Infosys, NTPC, Asian Paints, Eternal and Hindustan Unilever were among the biggest gainers.

Bajaj Auto's premium segment revival needs more than just a kickstart

Bajaj Auto's premium segment revival needs more than just a kickstart

Rediff.com9 Jun 2025

Bajaj Auto - the country's most valuable two-wheeler (2W) company by market capitalisation - met Street expectations in the January-March quarter (Q4) of 2024-25 (FY25) but still ended Friday as the worst performer on the Nifty 50, slipping 3.1 per cent.

Sensex, Nifty end in red on foreign fund outflows

Sensex, Nifty end in red on foreign fund outflows

Rediff.com18 Dec 2024

During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. The NSE Nifty declined 137.15 points or 0.56 per cent to 24,198.85. "The near-term market construct has turned weak, with FIIs turning sellers on rallies.

Foreign secretary raises safety of minorities in Bangladesh

Foreign secretary raises safety of minorities in Bangladesh

Rediff.com9 Dec 2024

Foreign Secretary Vikram Misri arrived in Dhaka on Monday on a day-long visit to hold talks with his Bangladeshi counterpart, amid strained bilateral ties since August following the ouster of prime minister Sheikh Hasina.

Harvard's 788 Indian Students: What Next?

Harvard's 788 Indian Students: What Next?

Rediff.com23 May 2025

The Trump administration has revoked Harvard University's eligibility to enrol foreign students, raising concerns over the legal status of thousands of students, including nearly 800 from India, currently enrolled at the varsity.

Stock markets end lower amid Israel-Iran conflict, rising crude oil prices

Stock markets end lower amid Israel-Iran conflict, rising crude oil prices

Rediff.com17 Jun 2025

From the Sensex pack, Sun Pharma, Eternal, Tata Motors, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the major laggards. In contrast, Tech Mahindra, Infosys, Asian Paints and Maruti were among the gainers.

Forex reserves drop by $4.11 billion to $640.27 billion

Forex reserves drop by $4.11 billion to $640.27 billion

Rediff.com3 Jan 2025

India's forex reserves dropped by $4.11 billion to $640.28 billion during the week ended December 27, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by $8.48 billion to $644.39 billion.

'You are just a kid': Nitish-Tejashwi spat in assembly over Bihar SIR

'You are just a kid': Nitish-Tejashwi spat in assembly over Bihar SIR

Rediff.com23 Jul 2025

The Bihar Assembly session was adjourned after a heated exchange between Chief Minister Nitish Kumar and leader of the opposition Tejashwi Yadav regarding the special intensive revision of electoral rolls. The situation escalated quickly, leading to unparliamentary language and a shouting match between members of the ruling and opposition parties.

India's forex kitty drops $5.69 bn to $634.58 bn

India's forex kitty drops $5.69 bn to $634.58 bn

Rediff.com10 Jan 2025

India's forex reserves dropped by $5.69 billion to $634.58 billion in the week ended January 3, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had declined by $4.11 billion to $640.28 billion.

Sensex tanks 690 points on selling in IT, auto stocks

Sensex tanks 690 points on selling in IT, auto stocks

Rediff.com11 Jul 2025

Key benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks. Tariff-related uncertainties amid mixed global market trends also added to the pressure, analysts said. The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47.

CBI repatriation rate doubles, brings back 134 over 5 years

CBI repatriation rate doubles, brings back 134 over 5 years

Rediff.com17 Jul 2025

The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.

Border row with India will take time to settle, open to talks: China

Border row with India will take time to settle, open to talks: China

Rediff.com30 Jun 2025

Defence Minister Rajnath Singh, in his meeting with Chinese counterpart Dong Jun in Qingdao on June 26, proposed that India and China should solve the "complex issues" under a structured roadmap comprising steps to de-escalate tensions along the frontiers and rejuvenate the existing mechanism to demarcate the borders.

A Showdown That Could Reshape India's Derivatives Market

A Showdown That Could Reshape India's Derivatives Market

Rediff.com20 Jul 2025

The Jane Street-Sebi saga is more than a legal dispute -- it's a litmus test for India's ambitions as a global financial hub.

CD rates top 8% for smaller banks amid banking system liquidity tightness

CD rates top 8% for smaller banks amid banking system liquidity tightness

Rediff.com21 Mar 2025

Amid liquidity tightness in the banking system, certificate of deposit (CD) rates topped 8 per cent for some smaller banks, with rates remaining on the higher side for derivatives loss-hit IndusInd Bank. On Thursday, CSB Bank raised Rs 100 crore via one-year CDs at 8.5 per cent, while Utkarsh Small Finance Bank issued three-month CDs at 8.05 per cent to raise Rs 50 crore.

Sensex rises 317 pts on gains in auto, pharma shares

Sensex rises 317 pts on gains in auto, pharma shares

Rediff.com15 Jul 2025

Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80.

Sensex, Nifty rebound nearly 1% on value buying

Sensex, Nifty rebound nearly 1% on value buying

Rediff.com16 Jun 2025

Among 30 Sensex firms, UltraTech Cement, Tech Mahindra, HCL Tech, Tata Consultancy Services, Eternal, Asian Paints, Tata Steel and Kotak Mahindra Bank were among the biggest gainers. Tata Motors, Adani Ports and Sun Pharma were the laggards.

Sensex, Nifty tumble 1% on weak global trends

Sensex, Nifty tumble 1% on weak global trends

Rediff.com12 Jun 2025

From the Sensex firms, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan Unilever were among the biggest laggards. Bajaj Finserv, Asian Paints and Tech Mahindra were the gainers.

Iranian missile hits largest hospital in southern Israel

Iranian missile hits largest hospital in southern Israel

Rediff.com19 Jun 2025

Amid the ongoing conflict with Iran, Israel's foreign ministry said on Thursday that Soroka Hospital in Beersheba in the southern part of Israel has suffered a direct hit in a missile attack.

'My opponent is quintessential RSS man, I am far away from it'

'My opponent is quintessential RSS man, I am far away from it'

Rediff.com23 Aug 2025

'Earlier, we used to talk about a deficit economy. There is a deficit in democracy' 'If you read superficially Gandhi and Ambedkar and Nehru, some misconceptions and misunderstanding come to mind, as if they were at loggerheads and they differed radically in their views' 'India is one nation. There is only one citizenship. No citizenship for South India and no citizenship for North India and another for the Northeast'

Iran-Israel war: Stock markets tumble; Sensex sheds 511 points

Iran-Israel war: Stock markets tumble; Sensex sheds 511 points

Rediff.com23 Jun 2025

Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday amid heightened tensions in the Middle East after the US bombed three major nuclear sites in Iran. The 30-share BSE Sensex tumbled 705.65 points to 81,702.52 in early trade. The 50-share NSE Nifty dropped 182.85 points to 24,929.55.

Sensex, Nifty end lower on mounting geopolitical tensions

Sensex, Nifty end lower on mounting geopolitical tensions

Rediff.com19 Jun 2025

From the Sensex firms, Adani Ports, Bajaj Finance, Tech Mahindra, IndusInd Bank, Nestle and Tata Steel were among the major laggards. In contrast, Mahindra & Mahindra, Titan, Larsen & Toubro, Bharti Airtel and Maruti were among the gainers.

India's forex reserves drop by $3.23 bn to $654.85 bn

India's forex reserves drop by $3.23 bn to $654.85 bn

Rediff.com13 Dec 2024

India's forex reserves dropped by $3.23 billion to $654.86 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by $1.51 billion to $658.09 billion, ending a multi-week decline in the overall kitty.

Bank stocks drive Sensex up 256 points

Bank stocks drive Sensex up 256 points

Rediff.com9 Jun 2025

Among Sensex stocks, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti, Bajaj Finserv and NTPC were the biggest gainers. However, Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel and Bharti Airtel were among the laggards.

Iran, Israel tension pulls Sensex down by 139 points:; NSE also ends in red

Iran, Israel tension pulls Sensex down by 139 points:; NSE also ends in red

Rediff.com18 Jun 2025

Among Sensex firms, Tata Consultancy Services, Adani Ports, Hindustan Unilever, Nestle, Bajaj Finserv and NTPC were the laggards. IndusInd Bank, Titan, Mahindra & Mahindra and Maruti were among the biggest gainers.

The Future Belongs To Thinkers And Communicators

The Future Belongs To Thinkers And Communicators

Rediff.com29 Jul 2025

'For 40 years, India valued only technical skills. IITs, coding -- that became everything.' 'Soft skills were sidelined. But those are the skills that will keep you employable now, not technical skills.'

India's forex reserves down after seven-week rise

India's forex reserves down after seven-week rise

Rediff.com19 Apr 2024

India's foreign exchange reserves declined in the week that ended on April 12, after having risen for the seventh straight week to hit an all-time high of $648.56 billion. As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by $5.40 billion to $643.16 billion in the April 12 week. India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by $6.51 billion to $564.65 billion, the central bank's weekly statistical data showed.

Forex reserves drop $2 bn to $652.87 bn

Forex reserves drop $2 bn to $652.87 bn

Rediff.com20 Dec 2024

India's forex reserves dropped by $1.99 billion to $652.87 billion for the week ended December 13, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $3.235 billion to $654.857 billion.

India, China complete disengagement; exchange of sweets on Diwali

India, China complete disengagement; exchange of sweets on Diwali

Rediff.com30 Oct 2024

Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.

IndiGo posts highest Q4 profit of Rs 3,068 cr on strong air travel demand

IndiGo posts highest Q4 profit of Rs 3,068 cr on strong air travel demand

Rediff.com21 May 2025

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. The company's profit after tax in the three months ended March 2025 jumped 62 per cent from Rs 1,894.8 crore in the year-ago period.

Forex reserves drop by $8.48 billion to $644.39 billion

Forex reserves drop by $8.48 billion to $644.39 billion

Rediff.com27 Dec 2024

The country's forex reserves dropped by a further $8.48 billion to $644.39 billion for the week ended December 20, the RBI said on Friday. In the previous reporting week, the reserves had dropped by $1.988 billion to a six-month low of $652.87 billion.

IPO Pipeline Swells with 118 DRHPs

IPO Pipeline Swells with 118 DRHPs

Rediff.com11 Jul 2025

Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.

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.

Sensex pares gains; ends up 150 points

Sensex pares gains; ends up 150 points

Rediff.com24 Jun 2025

From the Sensex constituents, Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan were among the biggest gainers. In contrast, Power Grid, Trent, NTPC, Maruti, HCL Tech and Bharat Electronics were among the laggards.

Pakistan's Economy On Tenterhooks

Pakistan's Economy On Tenterhooks

Rediff.com20 May 2025

With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken.

Savings on stamp duty draw HFTs to GIFT City

Savings on stamp duty draw HFTs to GIFT City

Rediff.com12 Jun 2025

Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.