Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.
As he closes the most revered chapter of his career, here are some of his best Test knocks:
'India won't take anything from Pakistan lying down.'
Deputy Commissioner for the New York City Mayor's Office for International Affairs Dilip Chauhan made the announcement in the presence of Minister of State for Social Justice and Empowerment Dr Ramdas Athawale, who delivered the keynote address at a special event organised at the UN headquarters on Monday to commemorate Dr Ambedkar's 134th birth anniversary.
Over one lakh Muslims gathered in Karnataka to protest the Waqf Amendment Act, 2025, which they say erodes the autonomy of Waqf institutions and threatens their rights. The protest, organized by the Karnataka State Ulema Coordination Committee, saw strong opposition to provisions in the amended law that they argue allow for coercive acquisition of Waqf properties. Leaders alleged that the amendment is part of a broader political agenda and urged the community to uphold their legal and constitutional rights.
'If we stay silent now, we betray the very foundation of justice in this country.'
Caste census politics took centre stage on Thursday with the Congress terming the government's decision as a 'diversionary tactic' and a move for headlines management and the Bharatiya Janata Party saying it has exposed the difference between the Centre's 'true intentions' and the 'empty sloganeering' of the opposition party.
Kashmiris across the region condemned the terror attack in Pahalgam that killed 26 people, mostly tourists, with widespread protests and a shutdown in Srinagar and other parts of the valley. The attack was seen as an assault on the foundation of Kashmir's economy, with residents highlighting the importance of tourism to the region's livelihood. Protests were held in various districts, including Srinagar, Kulgam, Handwara, and Ramban, with residents united in their condemnation of the violence and calling for an end to terrorism.
Reliance Industries Ltd on Friday reported a 2.4 per cent rise in its March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost. Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March - the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was higher than Rs 18,951 crore, or Rs 14 a share, in the same period a year back, the company said in a statement.
Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to invest Rs 75,000 crore ($9 billion) each into its new energy business and petrochemical expansion, according to a company presentation. In its FY25 result statement, Ambani said the company has laid a strong foundation for its projects in renewable energy and battery operations. "In the coming quarters, we will see the transition of this business from incubation to operationalisation.
Australia legend Steve Waugh believes under-fire Rohit Sharma can't afford to be 'complacent or relax' if he wants to continue serving Indian cricket.
Soros, a Hungarian-American political activist, and his organisations like OSF have been accused by the ruling BJP of acting against India's interests. His utterances during the Adani-Hindenburg controversy also drew criticism from the party.
Uttar Pradesh Chief Minister Yogi Adityanath launched a scathing attack on West Bengal Chief Minister Mamata Banerjee over the violence during protests against the Waqf law, accusing her of remaining silent while "Bengal is burning." He also said that the only treatment for rioters is stick, as "Those who respond only to thrashing don't understand words."
Maharashtra Cyber has issued advisories to various state government departments, including police, to take precautionary steps to avoid cyber attacks after the credentials of many of these departments were found on the darknet. The departments include the Maharashtra Public Service Commission, the Directorate General of Information and Public Relations (DGIPR), the Electricity Department, Maha DBT, among others. Maharashtra Cyber has also written to the Ministry of Electronics and Information Technology (MeitY) recommending blocking of Wikipedia and Proton Mail platforms under relevant sections of the Information Technology Act for failing to comply with specific police directives.
In a significant move, the Centre on Wednesday announced that caste enumeration will be part of the next population census, with the inclusion of caste details for the first time since independence hailed by the Bharatiya Janata Party and its allies as a historic step to help design truly equitable and focused policies.
'Had Haji Pir and/or Skardu been taken, the message would have gone out not just to General Asim Munir and his cohort in the Pakistan army but to the Pakistani people that every terrorist incident in India would lead to substantial loss of territory in PoK.'
Modi said the situation is rapidly changing and a new era of peace is setting in Naxal-affected areas.
'If the Bill and Melinda Gates Foundation cuts funds, there could be more impact.'
The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.
Jasprit Bumrah took four wickets as a rampaging Mumbai Indians demolished Lucknow Super Giants by 54 runs.
Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund to back founders in the region, who build enduring companies.
US Vice President JD Vance called on India to drop non-tariff barriers, give greater access to its markets and buy more American energy products and military hardware. Vance, in a speech in Jaipur, highlighted the need for a stronger US-India partnership for a prosperous and peaceful 21st century. He emphasized the importance of working together to address global challenges and praised Prime Minister Narendra Modi, describing him as a "special person." Vance also urged India to provide greater market access to American products and buy more defense platforms and energy from the US. He suggested that India consider dropping some of the non-tariff barriers for American access to the Indian market and highlighted the benefits of closer India-US defense collaboration, advocating for New Delhi to procure more military hardware from the US. He cited the example of American fifth-generation F-35s, arguing they would give the Indian Air Force the ability to defend its airspace and protect its people like never before. Vance also welcomed the Modi government's budget announcement to amend India's civil nuclear liability laws, paving the way for US producers to export small modular reactors and build larger US-designed reactors in India. He emphasized the importance of energy security for India's AI ambitions, stating "there is no AI future without energy security and energy dominance." Vance's visit comes amid growing global concerns over the US's tariff war.
A BJP ally since the mid-90s, Kumar split with the party in 2014, only to realign three years later. In 2022, he again parted ways, vowing to dislodge the BJP from power at the Centre and bring together parties from across the country to form the INDIA bloc.
Virat Kohli has the skill to score runs at a much better strike-rate like any young T20 star but RCB's team composition is such that he needs to adopt a risk-free approach.
Afghanistan's Noor Ahmad registered the best figures for a Chennai spinner against Mumbai with 4-18, restricting the five-times champions to a below-par 155-9 and laying the foundation for his team's four-wicket victory on Sunday.
'By uploading an intimate video on Facebook, the applicant (husband) has gravely breached the sanctity of the marital relationship. A husband is expected to honour the trust, faith, and confidence reposed in him by his wife, particularly in the context of their intimate relationship'
Indian women's hockey stalwart Vandana Katariya has retired from international hockey after a 15-year career, stating that she is stepping away at the "zenith" of her career.
A Pakistani court has dismissed a plea to rename a chowk in Lahore after Bhagat Singh, citing a retired military officer's claim that the freedom fighter was not a revolutionary but a "criminal". The Lahore High Court upheld the decision of the local corporation, which had scrapped the plan to rename Shadman Chowk and place a statue of Singh there.
Harpreet Singh alias Happy Passia alias Jora, an alleged terrorist who had illegally entered the US, was arrested by the FBI and US Immigration and Customs Enforcement's Enforcement and Removal Operations in Sacramento.
Bangladesh has demanded a public apology and compensation from Pakistan for the 1971 atrocities, raising "historically unresolved issues" during the first foreign secretary-level talks between the two countries in 15 years. Dhaka also asked Islamabad to pay USD 4.3 billion as its share from the combined assets at the time of East Pakistan's split from West Pakistan in 1971 to form an independent Bangladesh.
Instead of just saying 'I don't want to get married,' try explaining your perspective in a way they can understand, recommends rediffGURU Kanchan Rai.
Shubman Gill's return to his former IPL home was the stage for a batting masterclass. His near-flawless 90 off 55 balls, brimming with elegance, control, and quiet authority.
'India has resolved to hold the 2036 Olympic Games in these 10 complexes.'
With Team India looking unstoppable, World Cup-winning former India pacer S Sreesanth says no team can prevent it from winning the Champions Trophy final on Sunday.
Corruption and bribery of members of the legislature erode the foundation of Indian parliamentary democracy, the Supreme Court said on Monday.
Gujarat Titans handed defending champions Kolkata Knight Riders an emphatic 39-run loss in the IPL 2025 match in Kolkata on Monday.
In September, the 20-time English champions reported its fifth straight annual loss as it missed out on the lucrative European Champions League competition.
He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.
IT services company Infosys has laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts, according to sources. IT employee union NITES, however, said the number of freshers affected by the move was much higher, and threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company.
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