The Reserve Bank has given its nod for appointment of Dipak Gupta as interim managing director and CEO of Kotak Mahindra Bank following the resignation of Uday Kotak. RBI through its letter dated September 7, 2023, approved Gupta's appointment for a period of two months with effect from September 2, 2023, Kotak Mahindra Bank said in a BSE filing. It is expected that RBI would decide the full time MD of the bank during the period.
Despite sharp interest rate cuts expected in this financial year amid easy liquidity conditions, state-run banks are treading cautiously on their loan growth projections for FY26. Most large banks are projecting loan growth at 11-13 per cent, almost similar to the previous financial year.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank.
Office space owners are looking at good times ahead as rentals are expected to rise due to demand for Grade A office spaces outpacing supply that has been sluggish due to construction delays, long gestation periods and developers' interests shifting to residential.
India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.
Maruti Suzuki India on Wednesday said it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY2030-31. The car market leader announced the expansion of its solar capacity by 30MWp with two new projects.
HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.
rediffGURU Dr Shakeeb Ahmed Khan, a physiotherapist with 13 years of experience, explains how you can prevent injuries and heal from physical pain.
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.
A timeline of events related to the investigation of the Air India Boeing 787 crash in Ahmedabad, including investigation initiation, black box recovery, and safety measures taken.
Air India's CEO defends the fitness of pilots and aircraft after a preliminary report into the crash of flight AI171 raised questions. He urged against premature conclusions as the investigation continues.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
Aviation regulator DGCA plans to implement measures to control excessive air ticket price increases, following concerns raised during a parliamentary panel meeting. The meeting also addressed air safety issues in light of the Ahmedabad plane crash.
The aircraft crashed into the Milestone School and College campus in Dhaka's Uttara area.
The net inflow into equity mutual funds surged 24 per cent to Rs 23,587 crore in June, reversing the declining trend of the last five months, driven by strong equity market performance across segments, data released by the Association of Mutual Funds in India (AMFI) showed on Wednesday. Also, the latest fund infusion by investors marks the 52nd consecutive month of net inflows into the segment.
The National Stock Exchange (NSE) chief Ashish Kumar Chauhan expressed deep sorrow over the tragic terrorist attack in Jammu and Kashmir's Pahalgam that claimed the lives of 26 people and the bourse pledged Rs 1 crore to the next of kin of the victims.
In its notice dated June 2, NBEMS said the exam, conducted for admission to MS, MD and PG diploma courses, has been postponed to arrange for additional test centres and infrastructure.
Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy.
Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.
The nationality of the passengers onboard will define the minimum liability applicable to the airline operator as per the Montreal Convention, Prudent Insurance Brokers vice president (aviation & specialty lines) Hitesh Girotra said.
In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
The Aircraft Accident Investigation Bureau (AAIB) is expected to release its preliminary report this week on the Air India plane crash in Ahmedabad, which resulted in the deaths of at least 260 people. The investigation is ongoing, with the help of foreign experts, and the black box and voice recorder data are being analyzed.
A year after the RG Kar rape-murder Swarupa Dutt/Rediff look at the city where it happened, Kolkata -- its study in dichotomy, at once the self-proclaimed cultural capital of India as also a petri dish for a peculiar rage that breeds crimes against women.
The specific reasons for the crash of the Boeing 787-8 aircraft flying from Ahmedabad to London Gatwick will be known only after the completion of the detailed probe by the Aircraft Accident Investigation Bureau.
Assam Chief Minister Himanta Biswa Sarma on Friday alleged that over 5,000 social media accounts, mostly operated from Islamic countries, have become active in favour of the Assam Congress.
The Ramanujan Fellowship is designed for brilliant Indian or Indian-origin scientists and engineers from outside India to undertake scientific research positions in India, as well as for those scientists and engineers who wish to return to India from abroad.
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
Golden-orange turmeric or haldi, the spice cousin of ginger, has been utilised in Asian cuisine and herbal remedies for centuries. Dubbed a superfood, it is said to combat cancer, alleviate depression, and provide a range of other health advantages. Be careful to buy impurity-free turmeric.
Golden-orange turmeric or haldi, the spice cousin of ginger, has been utilised in Asian cuisine and herbal remedies for centuries. Dubbed a superfood, it is said to combat cancer, alleviate depression, and provide a range of other health advantages. Be careful to buy impurity-free turmeric.
K Krithivasan, the chief executive and managing director of India's largest IT services company TCS, took home a remuneration of Rs 26.52 crore in FY25.
Data centres are increasingly becoming a key part of the real estate landscape, as reality firms - with rich expertise in land acquisition, construction and dealing with government approvals - are seeing them as opportunities to build long-term assets with continuous revenue flow.
Using your phone on the toilet might seem harmless, but experts say it could be causing more harm than good, leading to painful digestive conditions.
Native to Mexico, this nutrient-dense seed was a food staple of the Aztecs. With a nutty taste, it contains vitamin C, which helps in iron absorption, muscle repair, and collagen support.
Banks have tightened their cyber security network to ward off any cyber threat in the wake of India launching missile attacks on Pakistan and Pakistan-occupied Kashmir. Banks have also improved their security at the branches near border areas due to heightened threat of a counter attack.
Today, learn about Utthita Trikonasana or the Extended Triangle Pose.
Welcome to Day 2 of Rediff's week-long celebration of Yoga ahead of the International Day of Yoga. Today, learn about Virabhadrasana II or the Warrior II Pose.
Welcome to Rediff's week-long celebration of yoga ahead of the International Day of Yoga. We begin today with Vriksasana, the Tree Pose.
