The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.
The fresh plea, filed through lawyer Ashwani Dubey, seeks dismissal of the pending PILs of various petitioners including the Indian Union Muslim League on various grounds.
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
'The karyakartas who wanted to contest were disappointed and it took some time to explain to them why we needed an alliance.'
An injury-hit Pakistan will have the tough task of taming a high-spirited Sri Lanka when they lock horns in a virtual semi-final match in the Asia Cup 2023 match on Thursday.
A husband has no control over his wife's 'stridhan' (woman's property) and while he may use it during the time of his distress, he has a moral obligation to return it to his wife, the Supreme Court has reiterated while directing a man to pay Rs 25 lakh to a woman in return for her lost gold.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
"Now after 20 years, the Madrasa Education Act has been declared unconstitutional. Obviously there has been some mistake somewhere. Our lawyers could not present their case properly before the court," he said.
'Elections and audience interest in specific movies are often independent factors.'
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
Jasprit Bumrah has been named as India's captain for the three-match T20I series against Ireland next month.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
The plus point for Kuldeep Yadav is his ability to extract turn and bounce.
From Instagram to X, social media platforms, in the run-up to the polls have seen bitter poster wars and even bitter meme battles for political one-upmanship.
'China seems more intent on creating a new world order rather than shaping the existing one.' 'India is of course, at this moment in time, aligned with the West-led order because of China's full-spectrum aggressive behaviour towards India.'
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
The cryptocurrency exchanges in India have got a fresh lease of life following the bull run in Bitcoin, which briefly hit a new all-time high of more than $69,000. Siddharth Sogani, managing director of CREBACO, expects the price to cross $1,00,000 by the end of the year. This will see a sharp reversal in the Indian market, which has largely been dormant since the new tax regime was implemented in 2023.
There may be those who could want to go slow, citing the large pendency of follow-up action and court cases that they would have to process and/or proceed with, before raiding more politicians, observes N Sathiya Moorthy.
...Even if it means less democracy, so that their everyday problems get solved? argues R Jagannathan.
The arrival of India's neighbouring nations Pakistan and China in Chennai on Tuesday night energised the city's atmosphere ahead of the Hero Asian Champions Trophy Chennai 2023.
British broadcaster BBC has communicated to the income-tax department that some of its past income, for its operations in India, could have gone unreported during the statutory filing of returns and hence it would like to amend it, official sources said on Wednesday.
The Delhi Development Authority (DDA) has issued notices to Hindu refugees from Pakistan who live near Gurudwara Majnu Ka Tilla in the Yamuna floodplain area asking them to vacate the place, locals claimed on Wednesday.
From the trifecta of demography, democracy and diversity to the three ills of corruption, nepotism and appeasement, Prime Minister Narendra Modi in his Independence Day speech on Tuesday used several catchy phrases to drive home his government's achievements, his vision for the future and criticism of the opposition.
At 39, he is, understandably, a different footballer but the hunger for goals remains.
A plea has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. In a significant win for the Adani Group, the apex court had declined to order a CBI or SIT probe and said in its judgement that market regulator Sebi was conducting a "comprehensive investigation" into the allegations and its conduct "inspires confidence".
Rehan Butt, Pakistan's assistant coach believes that India and Pakistan should play more matches.
In its response, the Ministry of Defence issued a statement saying tableaux proposals from states and Union territories and central ministries or departments are evaluated by an 'expert committee' comprising eminent persons in the fields of art, culture, painting, sculpture, music, architecture and choreography among others.
A delegation of Congress leaders met the Election Commission and handed over complaints against the prime minister, alleging that he has trampled upon and violated the model code and directions of the poll body.
Shahbaz Nadeem has announced his retirement from international cricket to try his luck in franchise-based leagues
'The moment a new election comes, new guarantees are announced.' 'The BJP is adept at diverting people's attention.'
In a relief to FMCG major Dabur, two of its foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have been removed as a defendant in multiple lawsuits filed in a US court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues. However, lawsuits filed against its third international subsidiary Namaste Laboratories LLC, would continue before the US District Court for the Northern District of Illinois, according to a statement from Dabur on Wednesday. Dabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either manufactured, marketed, distributed or sold hair relaxer products in the US, it added.
Earlier, the 22-year-old Jemimah finally returned to form and it was her strokeplay which helped India up the ante after a slow start at the Sher-e-Bangla National Stadium in Mirpur.
Noting that the Bahujan Samaj Party had held a dialogue with the Bharatiya Janata Party in the past, Nationalist Congress Party supremo Sharad Pawar on Wednesday said no decision on the Mayawati-led party's inclusion in Indian National Developmental Inclusive Alliance (INDIA) bloc can be taken until there is clarity on whose side she is on.
rediffGURU Samkit Maniar answers readers' personal income tax queries
The 71-year-old politician has been asked to depose at the agency office in Kochi on January 12, they said.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
Mahendra Singh Dhoni, a master of out of the box strategies, flung the new ball to R Ashwin in the IPL 2011 final against Royal Challengers Bangalore and the then rookie off-spinner made an impact in the fourth ball itself, dismissing an in-form Chris Gayle.
The froth in the small and midcap (SMID) space is limited to a few pockets, but regulatory scrutiny could lead to sustained volatility, observe India's top-drawer wealth managers. They add that they have been advising clients to reduce their exposure to smallcaps. Anand Rathi Wealth, which manages investor wealth through mutual funds (MFs), reports that its exposure to smallcap stocks, both through MFs and directly, has decreased by nearly 7 percentage points in the past few months, now standing at 23 per cent.
Pronouncing the judgement, Justice Khanna said the court has rejected all the petitions, including those seeking resorting back to ballot papers in elections.
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