'China is India's primary strategic challenge, which will not go away.
India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.
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We asked you, dear readers to share your best tips on saving money. Navin K Singh shared these tips.
Young Lucknow Super Giants batter Ayush Badoni credited skipper KL Rahul and coach Justin Langer for keeping faith in him despite his disappointing run early in the ongoing IPL season, saying their support helped him perform against the Delhi Capitals, albeit in a losing cause.
Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year. The public sector lender's exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore.
External Affairs Minister S Jaishankar on Sunday concluded a crucial visit to Male, assuring the country's top leadership that the Maldives remains an important partner of India in maintaining peace, stability and prosperity in the Indian Ocean region.
While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it
'Sanjay Leela Bhansali wanted me to play Qudsia Begum with a glass of wine in one hand and a cigarette in the other. I told Sanjayji that I have never held a cigarette in my hand.'
'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'
Mithun Chakraborty started from scratch in bit roles and had no Godfather backing him. Yet, remarkably, his career now straddles six decades and he continues to win acclaim, observes Dinesh Raheja.
A strategist and a quintessential political leader with grassroots connect, Rajnath Singh is credited with expanding the Bharatiya Janata Party's organisational network in the Hindi heartland state of Uttar Pradesh in the 1990s and the subsequent decades.
Let the festivities and celebrations begin; get yourself a credit card this Onam. Shop with it, earn reward points, make your family happy but remember to never go overboard or miss your payments, says Rajiv Raj
Images from the US Open men's singles quarter-finals at Flushing Meadows, New York, on Wednesday.
Saturday's Quad meeting in Delaware is taking place against the backdrop of China's assertive behaviour in the South China Sea, its sabre-rattling in the Taiwan Strait and increasing footprints in the Pacific and Indian Ocean, asserts Rup Narayan Das.
'I just want to play good cricket and yeah, doing it for someone is totally against who I am as a person and what I believe in.'
Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing to clock Rs 100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources. These numbers were part of an internal review meeting between founder Ritesh Agarwal and senior management earlier this week, where he spoke about the company's profitability trajectory and growth in business.
The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.
This is the kind of film to watch with friends and maybe a six-pack. It has some risqu bits but nothing so vulgar that the pause button would need to be hit if Mummyji walks into the room, notes Deepa Gahlot.
'If I was running for a drop shot, I was limping there more than running.'
Indian fintechs and associated entities are hoping that the Union Budget 2024 will provide a boost and empower firms to extend their reach beyond Tier-II regions, with an emphasis on supporting enterprises led by women. The fintech industry, which has witnessed regulatory reforms over the last year, expects the Budget, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, will further encourage financial inclusion, empower micro-small-medium enterprises (MSMEs) with lending solutions, and push for upskilling initiatives for the country's young workforce.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
Here are 5 ways you can get a credit card even if you do not have a job.
The investment bank also says no ministries were merged even as some ministers were given more than one portfolio.
Moody's said together, proceeds from these transactions will result in a $ 16 billion reduction in RIL's net debt.
'The film-literate public in Kerala are not happy watching run-of-the-mill movies.'
'The stabilisation of interest rates followed by reduction is going to happen over the next year.'
'It went from me being scared and intimidated by him to me being very aggressive and passionate.'
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
'The last year's growth is a foretaste of things to come in the retail credit market.'
Chennai Super Kings bowling consultant Eric Simons heaped praise on Bangladesh pacer Mustafizur Rahman for executing plans perfectly and setting up a comfortable six-wicket victory over Royal Challengers Bengaluru in the IPL opener in Chennai on Friday.
Despite its horror movie momentum, what draws us to Aditya Sarpotdar's narrative is Bittu's homely universe and sweet struggle to confess his feelings to Bela, not Munjya's malevolent antics.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
Avoid getting into a debt trap by using your credit judiciously. Anil Rego explains how
Your credit score is more than just a number. Here's how you can read and understand its importance.
Over 100,000 small and medium-sized businesses are non-compliant with e-invoicing norms under the goods and services tax (GST) regime, a mandatory requirement for businesses with an annual turnover of over Rs 5 crore. E-invoicing provides real-time access to invoices that are prepared by the supplier on the purchase of goods, allowing faster accessibility to input tax credit, thereby limiting the manipulation of fake credit as it has to be generated before the transaction. "The default has been reported mainly in businesses with a turnover between Rs 5 crore and Rs 20 crore," a senior official informed
Modi can abandon the path of Hindutva only at risk to his position within his own fraternity. But if he pursues a hard line, he faces the risk of being hauled up by his coalition-partners. For the first time in a decade, Modi is not in enviable situation, observes Nilanjan Mukhopadhyay.
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
