News for 'Global Financial Integrity'

Apollo Hospitals to expand presence in metros with five new hospitals

Apollo Hospitals to expand presence in metros with five new hospitals

Rediff.com12 Feb 2025

Apollo Hospitals Enterprise is set to expand presence in metro cities during FY26 with the addition of five hospitals that would add over 1,400 beds.

Be Prepared! Heat Waves Coming!

Be Prepared! Heat Waves Coming!

Rediff.com1 Apr 2025

'The intensity and frequency of heatwaves will be much higher than in previous years over Punjab, Haryana, Rajasthan, Gujarat, Madhya Pradesh and Odisha.'

Cryptos threaten financial sovereignty, need to be banned: RBI Dy Guv

Cryptos threaten financial sovereignty, need to be banned: RBI Dy Guv

Rediff.com14 Feb 2022

Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than ponzi schemes and threaten the financial sovereignty of a country. Observing that crypto-technology is underpinned by a philosophy to evade government controls, he said they have been specifically developed to bypass the regulated financial system. More substantially, he added, cryptocurrencies can wreck the currency system, monetary authority, banking system, and in general the government's ability to control the economy.

Photographs To Amaze, Stun You!

Photographs To Amaze, Stun You!

Rediff.com18 Apr 2025

Sony World Photography Awards 2025 Winners Announced

Govt warns against new scam targeting potential investors

Govt warns against new scam targeting potential investors

Rediff.com2 Jan 2025

A new cyber fraud known as 'pig butchering scam' or 'investment scam' has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.

If good neighbourliness is missing...: Jaishankar's dig at China, Pak

If good neighbourliness is missing...: Jaishankar's dig at China, Pak

Rediff.com16 Oct 2024

Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.

Will Gujarat financial hub rival Mumbai?

Will Gujarat financial hub rival Mumbai?

Rediff.com3 Jul 2007

Will the Gujarat International Finance Tec-City (GIFT) rival the planned financial hub of Mumbai or will GIFT be complimentary to and a feeder to its Mumbai counterpart?

Success of humanity lies not on battlefield: Modi at UN

Success of humanity lies not on battlefield: Modi at UN

Rediff.com23 Sep 2024

'While on the one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, areas such as cyber, maritime and space, are emerging as new theatres of conflict'

World Bank ups India growth forecast to 7% for FY25

World Bank ups India growth forecast to 7% for FY25

Rediff.com3 Sep 2024

The World Bank on Tuesday raised the growth forecast for the Indian economy to 7 per cent for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had in June projected India to grow at 6.6 per cent for FY24. According to the World Bank Report released on Tuesday, India's growth continues to be strong despite a challenging global environment.

A few final steps to be completed: Misri on Rana's extradition

A few final steps to be completed: Misri on Rana's extradition

Rediff.com14 Feb 2025

The United States has approved the extradition of Tahawwur Rana, accused of involvement in the 2008 Mumbai terror attacks, to India. The decision was announced by President Donald Trump during a joint press conference with Prime Minister Narendra Modi in the White House. India is currently working on the logistics of Rana's surrender and extradition, with several final steps to be completed before he is sent back to India. The joint statement issued by India and the US during Prime Minister Modi's visit reaffirmed their commitment to fighting terrorism and eliminating terrorist safe havens. The leaders also called on Pakistan to bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks. Rana, a Canadian national of Pakistani origin, is currently lodged at a metropolitan detention center in Los Angeles. He is associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks.

5 Workplace Changes You Will See in 2025

5 Workplace Changes You Will See in 2025

Rediff.com2 Jan 2025

Workplaces of 2025 will be defined by a deep focus on people-first values, inclusivity, and sustainable growth, foresees Sonica Aron, founder of Marching Sheep.

Skip Canada! 10 Places To Study Abroad

Skip Canada! 10 Places To Study Abroad

Rediff.com29 Nov 2024

Indian students are looking at destinations that offer quality education coupled with unique cultural and career experiences, often at more affordable costs, says Gaurav Batra, CEO, Infinite Group.

Reliance back on growth path, multiple catalysts to drive performance

Reliance back on growth path, multiple catalysts to drive performance

Rediff.com19 Jan 2025

Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.

'We Expect 1 Million Start Ups By 2035'

'We Expect 1 Million Start Ups By 2035'

Rediff.com13 Mar 2025

'Binary fission will happen -- startups will lead to more startups.'

Sebi's 2024 review: Push for reforms continued despite controversies

Sebi's 2024 review: Push for reforms continued despite controversies

Rediff.com31 Dec 2024

In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsised enterprise (SME) listings, and deepening the fund management ecosystem.

Tributes pour in for Dr Singh from across the globe

Tributes pour in for Dr Singh from across the globe

Rediff.com27 Dec 2024

Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.

India lost $84.93 billion to fraud, corruption

India lost $84.93 billion to fraud, corruption

Rediff.com12 Dec 2013

Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found.

Wipro buys global consultancy firm Capco for $1.45 bn

Wipro buys global consultancy firm Capco for $1.45 bn

Rediff.com4 Mar 2021

Bengaluru-headquartered IT services major Wipro Limited on Thursday announced that it has signed an agreement to acquire Capco, a global management and technology consultancy to the banking and financial services industry, for USD 1.45 billion.

Will Tata Steel's global stride with new deal aid profitability?

Will Tata Steel's global stride with new deal aid profitability?

Rediff.com21 Nov 2023

It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.

'Legends Never Die': A tribute to Ratan Tata

'Legends Never Die': A tribute to Ratan Tata

Rediff.com10 Oct 2024

Industry leaders including Google's India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. "He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google's office where they spoke about the progress of self-driving car Waymo.

India hopes for temporary tariff waiver as US official comes calling

India hopes for temporary tariff waiver as US official comes calling

Rediff.com24 Mar 2025

India and the United States will finalize the contours, schedule of negotiations, and terms of reference for a proposed bilateral trade agreement (BTA) during a three-day meeting beginning Tuesday. The agreement is expected to be finalized in two tranches, with the first phase focusing on goods trade. The US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will be in India from March 25-29 to discuss the agreement. Both countries are aiming to conclude the first phase of the agreement by fall 2025.

Sunny skies await Indian aviation?

Sunny skies await Indian aviation?

Rediff.com23 Dec 2024

The trails of mega-mergers, tailwinds of expanding fleets, flights and airports will dot the fast-growing Indian aviation firmament in 2025, though the dark clouds of supply chain woes will persist longer. Also, new airline takeoffs, the future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar.

Trade protectionism cannot fight economic crisis

Trade protectionism cannot fight economic crisis

Rediff.com12 Dec 2008

The recent financial crisis and prospects of a prolonged downturn in global economic activity have once again invigorated the critiques of global financial integration and free trade.

Simultaneous polls can promote consistency in governance: Prez Murmu

Simultaneous polls can promote consistency in governance: Prez Murmu

Rediff.com25 Jan 2025

President Droupadi Murmu, in her address to the nation on Republic Day, advocated for the "One Nation One Election" initiative, emphasizing its potential to enhance governance and reduce financial burdens. She highlighted the government's efforts to eliminate remnants of colonialism, citing the replacement of British-era criminal laws with modern alternatives. Murmu also lauded India's economic progress, stressing the importance of inclusive growth and social welfare. She urged citizens to remember the sacrifices of freedom fighters and reaffirmed the significance of the Constitution in guiding India's journey towards a prosperous and equitable future.

RBI recognises FACE as fintech SRO

RBI recognises FACE as fintech SRO

Rediff.com29 Aug 2024

The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.

Most corrupt industries in India

Most corrupt industries in India

Rediff.com27 Dec 2011

Report also stated that some 68 per cent of India's aggregate illicit capital loss occurred after India's economic reforms in 1991.

Tributes pour in for Tata's 'Ratan'

Tributes pour in for Tata's 'Ratan'

Rediff.com10 Oct 2024

Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.

India's 7 most corrupt industries

India's 7 most corrupt industries

Rediff.com15 Mar 2011

The KPMG report said, strict enforcement of existing provisions under law, both for the taker and giver, is believed to be the need of the hour to prevent further erosion of trust and credibility of India's economic success.

Why CEOs, Bankers Want To Be Like Bumrah

Why CEOs, Bankers Want To Be Like Bumrah

Rediff.com7 Jan 2025

From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy, points out Suveen Sinha.

US SEC summons Gautam Adani, nephew Sagar in bribery case

US SEC summons Gautam Adani, nephew Sagar in bribery case

Rediff.com23 Nov 2024

Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days.

Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper

Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper

Rediff.com8 Sep 2023

Crypto assets should not be granted official currency or legal tender status, the much-awaited synthesis paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB) has said ahead of the G20 leadership summit under India's presidency. However, the report has argued against a blanket ban on activities linked to crypto assets, explaining that such a move can be costly as well as technically demanding to enforce. Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper.

Rise In Whistleblower Complaints In FY24

Rise In Whistleblower Complaints In FY24

Rediff.com17 Sep 2024

'The global median of whistle-blower complaints is 1.5 per cent of the total employees. India's reporting is far away from this average.'

India lost a whooping $462 bn in illicit money flows

India lost a whooping $462 bn in illicit money flows

Rediff.com19 Nov 2010

These illicit financial flows were generally the product of: tax evasion, corruption, bribery and kickbacks, and criminal activities.

Rediff appoints Infibeam's Vishal Mehta as CMD

Rediff appoints Infibeam's Vishal Mehta as CMD

Rediff.com3 Oct 2024

Rediff.com, one of India's pioneering internet companies, on Tuesday announced the appointment of Mr Vishal Mehta as its new Chairman and Managing Director. This key leadership change follows Infibeam Avenues Ltd's acquisition of a majority stake in Rediff.com.

India Inc sends mixed signals on H2FY25 capex path

India Inc sends mixed signals on H2FY25 capex path

Rediff.com16 Nov 2024

After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.

The India Story: 90% Work In Progress

The India Story: 90% Work In Progress

Rediff.com2 Jan 2025

From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.

Dr Singh, Devoted Husband And Father

Dr Singh, Devoted Husband And Father

Rediff.com28 Dec 2024

Nitin Desai, who has known Dr Singh from 1971, extends his 'deepest condolences to his wife Gurcharan Kaur and to his three talented daughters Upinder, the historian; Daman, the writer; and Amrit, the human rights activist.'

40-year-old fintech gurus need 60-year-olds to handhold them

40-year-old fintech gurus need 60-year-olds to handhold them

Rediff.com19 Mar 2024

The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.

G20 fails to make substantive progress on black money

G20 fails to make substantive progress on black money

Rediff.com18 Nov 2014

G20 summit noticeably lacked in responses to illicit financial flows, one of the largest drags on development worldwide

RBI set to launch UPI-like unified lending platform

RBI set to launch UPI-like unified lending platform

Rediff.com27 Aug 2024

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India's lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday.