The Reserve Bank of India on Friday permitted banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.
A struggling Chennai Super Kings (CSK) will be aiming to break their losing streak when they face Kolkata Knight Riders (KKR) in a crucial Indian Premier League (IPL) match at the MA Chidambaram Stadium in Chennai on Friday. CSK are currently ninth in the standings with one win and four losses, while KKR are in sixth position with two wins and three defeats. The home team will be hoping to turn around their fortunes at Chepauk, which has not been as advantageous this season as it has been in the past. CSK will need to adapt to the changed conditions and rely on their spinners to perform well at a venue where they have traditionally dominated. Meanwhile, KKR will be looking to bounce back from a narrow loss to the Lucknow Super Giants and secure a win to keep their playoff hopes alive.
Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of Financial Services Secretary M Nagaraju, in New Delhi. At present, they can accept deposits of up to Rs 2 lakh.
Chennai Super Kings have never experienced a worse phase in the Indian Premier League and their faltering batters will have to deliver to arrest their steep slide in a must-win game against an upbeat Lucknow Super Giants in Lucknow on Monday.
In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts.
The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts' estimates. Additionally, loan growth is expected to further slowdown amid low demand in certain secured products, stress in the unsecured segment, and a high cost to deposit (CD) ratio across the system.
Venture capital (VC) and private equity (PE) funds had, in 2024, taken bets on traditional businesses rather than tech-first domains like consumer tech, software as a service (SaaS) and software. According to data from Bain & Co, Pitchbook, Venture Intelligence, VCC Edge and AVCJ, prominent VC funds like PeakXV saw their share in this traditional space go up sharply from 14 per cent in 2023 to 23 per cent in 2024.
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Amanjot Kaur's superb all-round showing steered Mumbai Indians to a thrilling four-wicket win over Royal Challengers Bengaluru.
With Mahendra Singh Dhoni being the same player and no one to "bell the cat", CSK are in unusual mess with a mis-firing top-order where the skipper Ruturaj Gaikwad has had to give up his opening slot.
Why try to time the market when time in the market works better? History shows that patient investors who stay the course often walk away with the real rewards, says Ramalingam Kalirajan.
The US Fed interest rate decision, global trends, tariff-related developments and trading activity of foreign investors will drive the equity market movement this week, analysts said. Among macroeconomic data announcement, WPI inflation for February is scheduled to be announced on Monday.
Investors should tilt their portfolios towards domestic-facing defensive sectors, which should help provide stability and shield them from geopolitical and tariff risks.
'By extending the definition of 'personal' to include institutions and not just individuals, the State has equipped itself with a tool to block access to most kinds of information.'
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.
Housing sales are estimated to decline 23 per cent annually to nearly 1.06 lakh units during January-March across nine major cities on subdued demand due to high prices and concern over economic growth, according to PropEquity.
Richa Ghosh's career-best 96 and Deepti Sharma's 5/38 went in vain as Australia Women clinched a thrilling three-run win to take an unassailable 2-0 lead against India in their three-match ODI series in Mumbai on Saturday.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Rabindra Ghosh, a prominent Bangladeshi lawyer, has received death threats since he decided to represent jailed Hindu monk Chinmoy Krishna Das. Ghosh claims the interim government in Bangladesh is targeting Das for his vocal criticism of atrocities against Hindus and his efforts to unite the persecuted community. Despite the threats, Ghosh vows to continue fighting for justice and minority rights. He believes Das has been framed on false charges for his efforts to unite the Hindu community.
From the Sensex pack, Bajaj Finserv, Bajaj Finance, Sun Pharma, Zomato, Tata Steel and Nestle were the biggest gainers. UltraTech Cement, Tata Motors, Mahindra & Mahindra, Kotak Mahindra Bank, Tech Mahindra and State Bank of India were among the major laggards.
The upcoming Indian Premier League (IPL) match between Chennai Super Kings (CSK) and Delhi Capitals (DC) in Chennai promises a captivating battle between wrist spinners Kuldeep Yadav and Noor Ahmad. Both bowlers are known for their artistry and ability to control the middle overs.
Capital value appreciation outpaced rental value growth in several key micro-markets between 2021 and 2024, with Noida Sector 150 in the National Capital Region (NCR) leading the pack with a 128 per cent rise in capital values compared to rental value growth of just 66 per cent, according to a report by property consulting firm Anarock.
The gap between credit and deposit growth in the banking system is expected to decline sharply to 80 basis points (bps) in the next financial year from an average of 386 bps over the FY22-Q3FY25 period, according to rating agency India Ratings. This would be against the backdrop of sharp moderation in the incremental loan deposit ratio (LDR) of the Indian banking system to 85 per cent in February 2025 from 117-118 per cent in the same month of 2024.
Having set the pace with emphatic back-to-back victories, defending champions Royal Challengers Bengaluru will be eyeing a hat-trick of sorts against star-studded Mumbai Indians in the WPL match at home on Friday.
India's private equity industry is evolving, with local funds securing substantial capital and achieving consistent returns. During a panel discussion at TiEcon Mumbai 2025, industry leaders emphasised growing opportunities in scaling buyouts and expanding domestic investor participation.
From the Sensex pack, Zomato, IndusInd Bank, NTPC, Infosys, HCL Technologies, Titan, Power Grid, Hindustan Unilever, Tech Mahindra and ITC were among the gainers. On the other hand, Reliance Industries, Nestle India, Tata Motors, Adani Ports, Tata Steel, UltraTech Cement and Kotak Mahindra Bank were the laggards.
Deepa Gahlot pick 10 films about women's bonding to watch on OTT.
Chennai Super Kings might feel more 'at home' against an equally clueless Rajasthan Royals on a slow turner expected to be on offer in their next IPL game in Guwahati.
West Bengal Chief Minister Mamata Banerjee, on an official visit to the United Kingdom, took a refreshing jog in London's Hyde Park, wearing a white saree and her signature white slippers. Banerjee also attended a high tea reception at India House, hosted by Vikram K Doraiswami, the High Commissioner of India to the United Kingdom, bringing together business, cultural, and political leaders to strengthen ties between Bengal and Britain. The discussions centered around fostering economic partnerships and deepening people-to-people connections.
Union Home Minister Amit Shah informed the Lok Sabha that the situation in Manipur is largely under control, with no deaths reported in the last four months. However, he acknowledged that the situation cannot be considered satisfactory as displaced people are still living in relief camps. Shah attributed the violence to a high court decision regarding a reservation-related dispute, emphasizing that it was not terrorism-related but ethnic violence between two communities. He highlighted government efforts to establish peace, including discussions with both the Meitei and Kuki communities and a rehabilitation package for the displaced. While the opposition supported the resolution confirming the imposition of President's rule, they urged for a swift return to peace and normalcy in the state.
Jharkhand defeated Maharashtra 2-1 to bag the bronze medal.
The time is up for the over three-decades-old business model with the advent of artificial intelligence, HCL Technologies' chief executive C Vijayakumar said on Monday. Speaking at industry lobby grouping Nasscom's annual NTLF event in Mumbai, Vijayakumar said companies need to be "paranoid", given the wide-ranging impact of AI and stressed that this attitude will help them to be relevant and grow. "I strongly believe that the business model is ripe for disruption.
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
India's Venture Capital (VC) ecosystem exhibited robust growth in 2024, with funding surging 43 per cent year-on-year to $13.7 billion, according to a report. This recovery was fuelled by a 45 per cent rise in deal activity, with 1,270 transactions recorded, reinforcing India's position as the second largest market for venture capital and growth funding in the Asia-Pacific region, the report by Bain & Company and IVCA said.
The Sealdah court on Friday granted bail to former officer-in-charge of Tala police station Abhijit Mondal and R G Kar Medical College and Hospital ex-principal Sandip Ghosh in the rape and murder case of an on-duty doctor.
Royal Challengers Bangalor will attempt to break a 17-year jinx at the Chepauk stadium when they face Chennai Super Kings in the IPL match on Friday.
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