News for 'India Reserve'

Mamata faction reveals new symbol for upcoming bypolls

Mamata faction reveals new symbol for upcoming bypolls

Rediff.com15 hours ago

The Mamata Banerjee-led faction of the Trinamool Congress has unveiled a new logo featuring a football player as its interim election symbol. This move comes after the Election Commission froze the party's original name and symbol due to an internal dispute. The new symbol, along with the name 'Mamata All India Trinamool Congress', will be used in the upcoming October 6 bypolls, with the faction actively publicising it to familiarise voters.

Will JD-U Blink On UCC In Bihar?

Will JD-U Blink On UCC In Bihar?

Rediff.com5 days ago

'Nitishji as CM never supported the UCC and publicly expressed his strong reservations over UCC.'

Prime Minister Modi Praises UPI's Transformative Impact On India's Digital Payments

Prime Minister Modi Praises UPI's Transformative Impact On India's Digital Payments

Rediff.com25 Aug 2026

Prime Minister Narendra Modi celebrated the Unified Payments Interface (UPI) completing a decade, calling it a major turning point in India's digital payment journey. Launched in 2016, UPI has become the backbone of India's digital payments ecosystem, showing exponential growth in transaction volume and value, and is a key pillar of the Digital Public Infrastructure.

India removes hurdle for rupee export payments, eyes wider international use

India removes hurdle for rupee export payments, eyes wider international use

Rediff.com21 Aug 2026

India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.

RBI Authorises RNFI Services As Physical Payment Aggregator

RBI Authorises RNFI Services As Physical Payment Aggregator

Rediff.com7 Sep 2026

RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.

Mamata faction protests EC order, submits choices for names, symbols

Mamata faction protests EC order, submits choices for names, symbols

Rediff.com3 days ago

The Trinamool Congress has submitted new names and symbols to the Election Commission for the upcoming West Bengal bypolls, following an interim order that temporarily barred the party from using its original name and "flowers and grass" symbol due to an ongoing internal dispute and split. The party submitted its choices under protest.

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

Rediff.com11 Sep 2026

The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.

India's forex reserves drop $7 bn to $709.76 bn

India's forex reserves drop $7 bn to $709.76 bn

Rediff.com20 Mar 2026

India's foreign exchange reserves decreased by USD 7.052 billion to USD 709.759 billion in the week ending March 13, according to the Reserve Bank of India (RBI). This decline follows a previous drop and comes after reserves reached an all-time high in February.

ODI World Cup: Tilak Varma could be India's answer to middle-order concerns

ODI World Cup: Tilak Varma could be India's answer to middle-order concerns

Rediff.com30 Aug 2026

Tilak Varma is emerging as India's potential middle-order backup, offering left-handed batting variety and developing off-spin as selectors seek younger, flexible options ahead of the ODI World Cup.

India's forex reserves drop $11.41 billion to $698.346 billion

India's forex reserves drop $11.41 billion to $698.346 billion

Rediff.com28 Mar 2026

India's foreign exchange reserves decreased by USD 11.413 billion to USD 698.346 billion during the week ending March 20, primarily due to a significant reduction in gold reserves, according to the Reserve Bank of India (RBI).

Fintech 'Valuable Partner' in Building Future Financial System: RBI Governor

Fintech 'Valuable Partner' in Building Future Financial System: RBI Governor

Rediff.com9 Sep 2026

RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.

India's forex reserves drop $11.68 bn to $716.81 bn

India's forex reserves drop $11.68 bn to $716.81 bn

Rediff.com13 Mar 2026

India's forex reserves dropped by $11.683 billion to $716.810 billion during the week ended March 6, the RBI said on Friday.

Nirmala Sitharaman Calls For Faster CBDC Progress And Stronger Cybersecurity Measures

Nirmala Sitharaman Calls For Faster CBDC Progress And Stronger Cybersecurity Measures

Rediff.com11 Sep 2026

Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India to accelerate its central bank digital currency initiatives, emphasising the need to sharpen capabilities with the digital rupee amidst rapid advancements in tokenisation, agentic AI, and quantum computing. She also highlighted critical concerns regarding cybersecurity, warning that autonomous AI systems are evolving rapidly and require robust safeguards. Sitharaman proposed a federated industry platform to give India's technology ecosystem a collective international voice.

How UPI Revolutionised India's Digital Payments Ecosystem

How UPI Revolutionised India's Digital Payments Ecosystem

Rediff.com24 Aug 2026

The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.

Nehra weighs in on Gill's leadership and Rohit-Kohli's 2027 World Cup chances

Nehra weighs in on Gill's leadership and Rohit-Kohli's 2027 World Cup chances

Rediff.com7 Sep 2026

Gujarat Titans head coach Ashish Nehra has offered insights into Shubman Gill's captaincy style, comparing him to Hardik Pandya and noting Gill's reserved yet keen approach to leadership. Nehra also discussed the uncertain future of Rohit Sharma and Virat Kohli for the 2027 ODI World Cup, stating it's too early to predict. He also touched upon his own coaching ambitions and reflected on past World Cup losses.

Eve-teasing at 12, Asian Games medal at 36 for Suchika

Eve-teasing at 12, Asian Games medal at 36 for Suchika

Rediff.com1 days ago

Suchika Tariyal, a 36-year-old Indian athlete, has secured India's first medal at the Aichi-Nagoya Asian Games by reaching the semifinals of the women's Traditional Mixed Martial Arts (MMA) 60kg event. Her journey began at age 12, driven by a desire for self-defence, leading her through successful careers in judo and jiu-jitsu before transitioning to MMA. She aims to convert her assured bronze into a gold medal.

India's Biggest Stock Market Booms And Busts

India's Biggest Stock Market Booms And Busts

Rediff.com1 Sep 2026

'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'

Global headwinds push Indian markets marginally lower as oil prices surge

Global headwinds push Indian markets marginally lower as oil prices surge

Rediff.com1 Sep 2026

Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.

Mamata faction gets 'football player' as symbol for bypolls

Mamata faction gets 'football player' as symbol for bypolls

Rediff.com3 days ago

The Election Commission has allotted the 'Football Player' symbol to the Mamata Banerjee-led faction of the Trinamool Congress for the upcoming West Bengal bypolls, while the rival Arup Roy-led group will contest with the 'Envelope' symbol.

NIIF, PB Fintech, And DGFT Announce Major Strategic Moves

NIIF, PB Fintech, And DGFT Announce Major Strategic Moves

Rediff.com7 Sep 2026

National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh as managing partner to lead its global capital formation efforts. Simultaneously, PB Fintech's payment aggregator platform, PB Pay, has gone live, offering consolidated payment acceptance for merchants. In a move to enhance trade efficiency, the Directorate General of Foreign Trade (DGFT) has introduced open API integration for Certificate of Origin, allowing exporters to streamline their application processes.

Afghanistan name new captain for India T20I series

Afghanistan name new captain for India T20I series

Rediff.com24 Aug 2026

Ibrahim Zadran has been appointed captain of Afghanistan's T20I squad for the upcoming three-match series against India, which will be played in New Delhi. The squad sees the return of fast bowler Naveen-ul-Haq and all-rounder Gulbadin Naib, featuring a blend of experienced players like Rashid Khan and Mohammad Nabi, alongside uncapped wicketkeeper-batter Noor Rahman.

Tata Sierra #DARK Launched: Prices Start at 13.99 Lakh, Features & Variants Detailed

Tata Sierra #DARK Launched: Prices Start at 13.99 Lakh, Features & Variants Detailed

Rediff.com18 hours ago

Tata Motors has officially launched the Tata Sierra #DARK in India, with prices starting from 13.99 Lakh (ex-showroom). This new edition features a Friesian Black exterior, a Violet Eclipse interior, and a range of engine and transmission options across multiple variants.

India's Forex Reserves Jump by $9 Billion, Nearing Record High

India's Forex Reserves Jump by $9 Billion, Nearing Record High

Rediff.com10 Apr 2026

India's foreign exchange reserves saw a substantial increase of USD 9.063 billion, reaching USD 697.121 billion for the week ended April 3, 2026, according to the Reserve Bank of India (RBI). This surge follows a previous week's decline and brings the reserves closer to their all-time high.

Government Directs No Charges On Small UPI, RuPay Transactions

Government Directs No Charges On Small UPI, RuPay Transactions

Rediff.com6 days ago

The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.

Punjab To Host Asian Champions Trophy Hockey With Pakistan Participation

Punjab To Host Asian Champions Trophy Hockey With Pakistan Participation

Rediff.com7 days ago

Pakistan is set to participate in the Men's Asian Champions Trophy hockey tournament in India, with Punjab Chief Minister Bhagwant Mann confirming the union government's policy allows multi-lateral engagements despite bilateral tensions. The tournament, featuring six nations including India and Pakistan, will be held from October 27 to November 5 in Jalandhar and Mohali, with free entry for all matches.

West Asia conflict, crude oil prices, US inflation to steer stock markets

West Asia conflict, crude oil prices, US inflation to steer stock markets

Rediff.com6 Sep 2026

Analysts predict that developments in the West Asia conflict, crude oil prices, and upcoming US inflation data will be the primary factors influencing the Indian stock market next week, alongside foreign investor activity and global market trends.

Sitharaman credits reforms, 'agile economic management' for 7.8% growth

Sitharaman credits reforms, 'agile economic management' for 7.8% growth

Rediff.com31 Aug 2026

Finance Minister Nirmala Sitharaman announced that India's real GDP grew by 7.8 per cent in the April-June quarter, surpassing the RBI's forecast. She attributed this strong performance to government reforms and agile economic management, reaffirming the government's commitment to expanding economic opportunities.

Panel To Decide UPI Charges Above Rs 2,000 For Merchants

Panel To Decide UPI Charges Above Rs 2,000 For Merchants

Rediff.com6 days ago

A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.

GDP data, crude oil prices, US jobs report to dictate market trends

GDP data, crude oil prices, US jobs report to dictate market trends

Rediff.com30 Aug 2026

Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.

Credit Card Spending in India Crosses Rs 2 Trillion Mark

Credit Card Spending in India Crosses Rs 2 Trillion Mark

Rediff.com26 Aug 2026

Credit card spending in India has consistently topped Rs 2 trillion for three consecutive months, with July 2026 recording Rs 2.08 trillion, indicating a new normal for consumer expenditure, according to the latest RBI data.

Pakistan Confirmed For Asian Champions Trophy Hockey In Punjab

Pakistan Confirmed For Asian Champions Trophy Hockey In Punjab

Rediff.com7 days ago

Punjab Chief Minister Bhagwant Mann announced that Pakistan will participate in the Men's Asian Champions Trophy hockey tournament in India, scheduled from October 27 to November 5. This participation aligns with the Indian government's policy allowing multi-lateral sporting engagements with Pakistan, despite a ban on bilateral series. The tournament will be held in Jalandhar and Mohali, featuring six nations including India and Pakistan, with a highly anticipated India-Pakistan match on November 1.

Asian Games 2026: Japan Blends Culture And Innovation At Colourful Opening Ceremony

Asian Games 2026: Japan Blends Culture And Innovation At Colourful Opening Ceremony

Rediff.com2 days ago

Japan hosted a vibrant opening ceremony for the Asian Games in Nagoya, showcasing its technological advancements and cultural heritage. The event, themed 'Harmonic Heart Beat', welcomed 11,000 athletes from 45 nations, despite prior logistical challenges.

IIIT-Hyderabad warns 8 students over 'unauthorised' campus platform

IIIT-Hyderabad warns 8 students over 'unauthorised' campus platform

Rediff.com7 hours ago

IIIT-Hyderabad has issued disciplinary warnings to eight students associated with 'No Tyrants, No Silence' (NTNS), an independent campus platform. The institute cited unauthorised use of its name and publication of confidential meeting minutes. NTNS, which discusses caste, merit, and politics, had proposed screening a documentary on Umar Khalid, leading to CBFC objections and the screening's cancellation.

Gold Reserves Drop Hit Forex Reserves

Gold Reserves Drop Hit Forex Reserves

Rediff.com28 Mar 2026

The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week.

Former member of Patidar stir held for fake passport

Former member of Patidar stir held for fake passport

Rediff.com5 days ago

Harikesh Patel, a former member of the Patidar Anamat Andolan Samiti (PAAS), has been arrested by the Gujarat Anti-Terrorist Squad (ATS) for allegedly obtaining a second passport using forged documents. Patel had previously surrendered his original passport in connection with an ED money laundering case. He reportedly used the fraudulently obtained passport for international travel.

India's Forex Kitty Drops by $5.65 Billion to $666.93 Billion

India's Forex Kitty Drops by $5.65 Billion to $666.93 Billion

Rediff.com3 Jul 2026

India's foreign exchange reserves saw a significant drop of USD 5.654 billion, settling at USD 666.933 billion for the week ending June 26, following interventions by the RBI and public appeals by Prime Minister Narendra Modi to conserve forex.

Yuki Bhambri doubtful for Davis Cup tie against Korea due to leg strain

Yuki Bhambri doubtful for Davis Cup tie against Korea due to leg strain

Rediff.com11 Sep 2026

Indian tennis player Yuki Bhambri is a doubtful starter for the upcoming Davis Cup tie against Korea in Seoul due to a right-leg strain suffered during practice, though he has assured his participation in the Asian Games is not threatened.

Asian Games Kick Off With A Spectacle Of Innovation And Culture

Asian Games Kick Off With A Spectacle Of Innovation And Culture

Rediff.com2 days ago

Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.

Orangutans found in Odisha forest: Hunt on for black SUV

Orangutans found in Odisha forest: Hunt on for black SUV

Rediff.com11 Sep 2026

Odisha Police's STF and the Wildlife Crime Control Bureau are investigating the rescue of five baby orangutans in Balasore, suspecting an international wildlife trafficking network. The probe focuses on a black SUV seen near the rescue site and potential routes from West Bengal, with officials believing the animals were trafficked from Southeast Asia. Chief Minister Mohan Charan Majhi has called for stringent action against those involved.

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Rediff.com12 Aug 2026

Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.