Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Opposition parties in India have demanded the resignation of Railway Minister Ashwini Vaishnaw after a stampede at New Delhi railway station killed 18 people. They blamed the government for "gross mismanagement" and accused them of "covering up" the death toll. The stampede occurred on Saturday night as passengers rushed to board trains for the Maha Kumbh festival in Prayagraj. The Congress, the Left, Trinamool Congress, and the Rashtriya Janata Dal have all criticized the government's handling of the situation, while BJP leaders have defended the government. The incident has highlighted the failure of the Railways and the government to make adequate arrangements for the large number of devotees travelling to Prayagraj.
India have won three Paris quota places till now through Rudrankksh Patil (10m Air Rifle Men), Swapnil Kusale (50m Rifle 3 Positions Men) and Bhowneesh Mendiratta (Trap Men).
Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries also helped in market recovery.
The new business premium (NBP) of life insurance companies dropped 21.7 per cent year-on-year (Y-o-Y) to Rs 30,218.71 crore in December 2024 on the back of a steep fall in business. According to data published by the Life Insurance Council, LIC's premium dropped 41.15 per cent Y-o-Y to Rs 13,523.87 crore while private insurers reported 7 per cent growth in NBP to Rs 16,694.85 crore as the industry absorbs the impact of the revised surrender value norms.
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
Value mutual funds have witnessed robust investor interest, garnering Rs 22,757 crore in inflows in 2024, nearly double the amount seen in 2023, fueled by impressive returns generated by the segment. This surge reflects a shift in investor focus towards fundamentally strong yet undervalued stocks.
'... and wants to become a man, things change.' 'The child no longer wants to listen to anyone, and the father doesn't stay silent.'
Captain Harmanpreet Kaur and pacer Renuka Singh Thakur have been rested for India women's three-match home ODI series against Ireland.
DIIs owned equities worth Rs 73.5 trillion, just 1.9 per cent less than FPIs. This marks a significant change from a decade ago.
Ahead of India's T20 World Cup semifinal match against Australia, star batter Richa Ghosh opened up on the challenges they will face.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has entered into a partnership with the Startup Policy Forum (SPF), a premier industry organisation representing India's leading new-age companies.
From the 30-share blue-chip pack, Adani Ports jumped over 5 per cent. NTPC, Tata Steel, Bajaj Finserv, Zomato, Bajaj Finance, Tata Motors, State Bank of India, IndusInd Bank and Maruti were among the other big gainers. From the 30-share pack, Hindustan Unilever, Titan, Tata Consultancy Services, Infosys and UltraTech Cement were the other laggards.
The weaker rupee will push the country's import bill due to higher payments for crude oil, coal, vegetable oil, gold, diamonds, electronics, machinery, plastics, and chemicals, economic think tank GTRI said on Friday. Citing an example, it said the depreciating domestic currency will increase India's gold import bill, especially as global gold prices have jumped 31.25 per cent, rising from $65,877 per kg in January 2024 to $86,464 per kg in January 2025.
The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF managing director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of reporters on Friday, she said global growth is expected to be steady in 2025, but with regional divergence.
Families of two West Bengal women killed in a stampede at the Maha Kumbh Mela have alleged that they were handed over the bodies without death certificates. They received only a piece of paper mentioning that the body was given to them. The victims, Basanti Poddar and Urmila Bhuniya, were killed in the pre-dawn stampede on January 29. A senior West Bengal minister alleged that "total mismanagement" prevailed in the Maha Kumbh Mela.
Shafali Verma managed just 108 runs in six matches this year with 33 being the highest.
Budget 2025 lays down a transformational roadmap for India's digital and economic future, focusing on AI-driven enterprise modernisation, workforce skilling, and sustainable innovation. With bold investments in AI, digital infrastructure, and ease of doing business, the government has set the stage for businesses to scale, innovate and compete on a global level.
The accused in the R G Kar Medical College and Hospital rape-murder case, Sanjay Roy, was brought to the Sealdah court on Monday. Kolkata Police, fearing he would make further controversial statements, kept blowing the horn of the vehicle carrying him, preventing journalists from hearing his voice. This comes after Roy made remarks against the former Kolkata police commissioner and claimed innocence during his previous court appearance. The trial, which is being heard in-camera on a day-to-day basis, continues with the testimony of three witnesses on Monday. The CBI is investigating the case following an order from the Calcutta High Court. The body of the on-duty doctor was discovered in the seminar room on August 9, sparking nationwide outrage and protests. Former principal Sandip Ghosh and former officer in-charge Abhijit Mondal, accused of tampering with evidence, had their judicial remand extended till December 2.
India made an imposing 183 for 5 riding on Ghosh's exploits with the bat and then restricted Bangladesh to 131 for 8.
'Justice may or may not happen, but who are those people who did this to her?' 'If the hospital authorities had helped us that day, or the police, then the real culprits would have been caught.' 'Getting justice for my daughter is my goal now and I want the CM to remember that.'
Chattopadhyay was seen being taken out of his residence at Subhasgram in South 24 Parganas district around 2 pm by ED officials, who previously conducted search operations at the premises for over seven hours.
Stock market participants would track global trends and foreign investors' trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas.
The central probe agency had also placed the findings before a special court in Kolkata during a hearing earlier in the week, he said.
Shardul Thakur and Tanush Kotian grabbed four wickets each as rampant Mumbai stormed to an innings and 456-run win over Meghalaya to top the Ranji Trophy Elite Group A table in Mumbai on Saturday.
The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
While Angel One and Unifi Capital have obtained the final licence, Jio BlackRock, Capitalmind, Choice International and Cosmea Financial Holdings have received in-principle approvals.
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds.
Private sector banks that announced their earnings for the October-December quarter (Q3) of 2024-25 (FY25) reported a rise in credit costs due to higher provisions, mainly for unsecured retail loans.
Inflows into mutual funds' equity schemes increased by over 14 per cent on-month to Rs 41,156 crore in December, even as market volatilities continued. The small and midcap schemes of mutual funds continued to attract investor interest with inflows touching record highs during the month, despite the concerns being expressed about the two segments for the risk they portend, industry body Amfi said.
India, having secured two convincing victories, will be looking to complete a clean sweep of the women's ODI series against Ireland in the third and final match. The Indian team is brimming with confidence after a series of impressive batting performances, particularly from Pratika Rawal and Smriti Mandhana, who have formed a formidable opening partnership. Despite their strong batting, India's bowling has shown some vulnerabilities, allowing Ireland to score a respectable 254/7 in the previous match. The absence of key players like Shafali Verma and Harmanpreet Kaur has given opportunities for emerging players to shine. The series has highlighted the impressive performance of Pratika Rawal, who has made the most of her chances. The Irish team has been led by the strong performances of Gaby Lewis, Christina Coulter-Reilly, and Leah Paul, but their fielding has been a concern. The match is scheduled to begin at 11 am in Rajkot.
With rising disposable incomes in cities beyond metros, the penetration of credit cards - and consequently, credit card spending - is growing at a much faster pace than in traditional metro cities, primarily driven by e-commerce spending.
The GDP growth is expected to be about 6.3 per cent in the current fiscal year, a tad lower than the government's estimate of 6.4 per cent, owing to several factors such as weak demand, SBI research report said on Wednesday. According to the first advance estimates (FAE) of National Income for 2024-25 released by the National Statistics Office (NSO), released on Tuesday, India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, because of poor showing by the manufacturing and subdued investments.
Jammu and Kashmir caused a major upset in the Ranji Trophy as they shocked defending champions Mumbai by five wickets on Saturday.
rediffGURU T S Khurana answers readers' personal income tax queries.
Opener Smriti Mandhana's elegant century went in vain as India lost to Australia by 83 runs in the third Women's ODI to suffer a 0-3 series whitewash
The Trinamool Congress (TMC) has distanced itself from controversial remarks made by its senior leader and West Bengal minister Firhad Hakim regarding the Muslim percentage in the population. Hakim, in a speech, had claimed that Muslims constitute 33 per cent of the population in West Bengal and 17 per cent nationwide, adding that they could become a numerical majority if they empower themselves. The party issued a statement on Monday condemning Hakim's remarks, asserting that they do not reflect its ideology and commitment to communal harmony. The remarks have sparked a political storm, with the opposition BJP accusing Hakim of attempting to stir communal sentiments. Hakim later clarified that his remarks were misinterpreted and that he was advocating for the empowerment of minorities through education and skill development. However, the controversy has caused ripples within the TMC and complicated the party's messaging.
Veteran India pacer Mohammad Shami will be rested for Bengal's Vijay Hazare Trophy opener against Delhi on Saturday in Hyderabad, the Cricket Association of Bengal announced on Thursday.
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