Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.
Railways Minister Ashwini Vaishnaw on Monday said a fair enquiry is being conducted regarding the stampede which took place at New Delhi railway station last month and said the government is implementing a slew of measures to avoid such incidents in the future.
Richa Ghosh (54) equalled the world record for the fastest fifty in women's T20Is (18 balls) after Smriti Mandhana's (77) fireworks as India registered 217 for 4 in the series-deciding third and final match against the West Indies here on Thursday.
Chennai Super Kings will lean on their formidable spin strength under favourable conditions at the Chepauk as well as recent record against Mumbai Indians sans Jasprit Bumrah and Hardik Pandya, when the two sides face each other in their Indian Premier League campaign opener in Chennai on Sunday.
Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices, they added.
India players were sloppy on the field, giving away too many extra runs and also dropping some catches.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
The Supreme Court granted regular bail to former TMC youth leader Kuntal Ghosh in a corruption case linked to the West Bengal primary school recruitment scam. Ghosh, who has been in custody for 19 months, will be released from jail after being granted bail in the money laundering case linked to the scam on November 20. The court said it was not likely that the trial would be completed in the foreseeable near future.
The contest will be played at the Golf Club Ground in Nasik.
In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.
Purchase health insurance early while you are disease-free. 'It might become very difficult to get a comprehensive health cover for someone who has already had cancer.'
In the second semi-final, India player Ayhika Mukherjee began the proceedings on a positive note for Bengal, winning her match 3-1 (11-6, 11-5, 6-11, 11-6) against Lakshita Narang.
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
Pronouncing sole accused Sanjay Roy guilty of rape and murder of an on-duty doctor at state-run RG Kar hospital, Sealdah court judge Anirban Das on Saturday said the convict had attacked the postgraduate trainee while she was asleep in the hospital's seminar room around 4 am on August 9, 2024.
Retail inflation slipped to seven-month low of 3.61 per cent in February mainly due to easing prices of vegetables, eggs, and other protein-rich items, creating space for the RBI to go for another cut in interest rate next month.
Australia on Wednesday unveiled an ambitious roadmap to deepen and diversify its trade and investment ties with India. The roadmap identified four "superhighways of growth" -- clean energy, education and skills, agribusiness, and tourism. Broadly, it sets out a pathway to focus ongoing efforts, including to boost two-way investment, and work with Indian-Australian communities and businesses.
'I could not imagine such a nightmarish situation awaiting me in a neighbouring country where people speak the same language as us and share similar food habits'
The alleged entry of 'plainclothes police personnel' on the university campus on Monday also did not go down well with a section of the students and teachers.
Domestic steel prices have seen an increase over the past couple of months in anticipation of a safeguard duty, but a looming global trade war is likely to weigh as threat of import rises and prospect of export flounders. Data from BigMint showed that in March 2025, hot rolled coil (HRC) prices ex-Mumbai increased by Rs 600 per tonne month-on-month (M-o-M), rising from Rs 48,400 per tonne in February to Rs 49,000 per tonne.
On a day when both the West Bengal government and the Central Bureau of Investigation (CBI) moved the Calcutta high court for admission of their appeals seeking capital punishment for RG Kar hospital rape-murder convict Sanjay Roy, a counsel for the victim's parents claimed that the family does not want death penalty for him.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
Defending champions Royal Challengers Bengaluru will be determined to give their home fans a parting victory when they take on a fatigued Delhi Capitals in Bengaluru on Saturday, before the Women's Premier League moves to Lucknow for its third leg.
Equity markets will take cues from the US tariff related developments, global trends and trading activity of foreign investors this week, analysts said.
Indian pharmaceutical companies may have units abroad as part of "distributed manufacturing" across various locations, according to industry veterans. This may come about over the next five to 10 years.
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
There is a reason this 11 year phenomenon is a rule as much as it is an observation. It speaks to the nature of man and what humans are like, explains Aakar Patel.
Star opener Smriti Mandhana, wicketkeeper-batter Richa Ghosh and all-rounder Deepti Sharma were on Saturday named in the ICC Women's T20I Team of Year 2024.
Royal Challengers Bengaluru's sturdy middle-order, in-form skipper Smriti Mandhana and a partisan home crowd will be the major challenges UP Warriorz will have to contend with when the two teams clash in the Women's Premier League match in Bengaluru on Monday.
'We don't know which bus is coming next. I know for sure whatever bus comes next, it will miss that too.'
UP Warriorz, facing elimination in the Women's Premier League, will aim to spoil Royal Challengers Bangalore's playoff hopes in a crucial encounter on Saturday.
Smarting from their dramatic Super Over loss in the Women's Premier League, Royal Challengers Bengaluru will aim to get back on track when they take on bottom-placed Gujarat Giants in Bengaluru on Thursday.
Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports.
Trinamool Congress councillor Dulal Sarkar was shot dead by unidentified miscreants in West Bengal's Malda district on Thursday morning. Sarkar, popularly known as Babla, was shot multiple times from close range by bike-borne assailants at Jhaljhalia More area. West Bengal Chief Minister Mamata Banerjee expressed shock over the killing and blamed the callousness of the Malda SP. Two contract killers have been arrested in connection with the murder.
Shares worth over Rs 50,000 crore (or approximately $6 billion) are set to become freely tradable between now and April 10. Historically, such substantial volumes have been absorbed by a buoyant block-deal market.
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
West Indies beat India by nine wickets in the second women's T20 International to level the three-match series 1-1 in Navi Mumbai on Tuesday.
INS Tushil made its first port call to London as a part of its maiden operational deployment.
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