AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.
'I own a few cars that I have had specified minutely to my taste, and it does feel nice to know that there are no other vehicles like them anywhere in the world.'
'...A new challenge has emerged in the form of Mythos.'
FIFA President Gianni Infantino addressed various issues ahead of the World Cup, defending the body's handling of visa challenges, stressing its inability to override government decisions, and highlighting efforts to ensure participation from all nations, including Iran. He also defended ticket pricing and expressed optimism for a competitive tournament focused on unity.
The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.
Despite the World Cup returning to their country for the first time in four decades, many in Mexico said they feel excluded, priced out of stadiums, forced to pay for expensive TV subscriptions and constrained by strict licensing rules.
Shares of gems and jewellery firm Rajesh Exports Ltd dropped 5 per cent to hit the lower circuit limit after capital markets regulator Sebi barred its promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds.
The amputated arm of an ITBP jawan's mother, which was stored at a police station after a hospital allegedly handed it to the family, has been sent for examination as part of a medical negligence investigation in Uttar Pradesh.
A self-styled godman, Shaji alias "KGF Swami", has been arrested in Thrissur, Kerala, for allegedly cheating people by promising to supply gold at discounted rates. Police seized fake gold and multiple identity cards from his residence, and he is suspected of involvement in other fraud cases.
A devastating fire ripped through a three-floor commercial building in Lucknow, claiming the lives of at least 12 students and trapping several others. Rescue operations are ongoing, with Prime Minister Narendra Modi announcing ex-gratia for the deceased and injured.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
The amputated right arm of an Indo-Tibetan Border Police (ITBP) jawan's mother has been deposited at a medical college for examination after a 10-day deadlock between police and health authorities. The case has sparked outrage and an investigation into alleged medical negligence.
Authorities in Udaipur, Rajasthan, seized approximately 18,000 litres of suspected adulterated ghee and yellow food colour during a raid on a dairy farm. The raid was prompted by complaints of food adulteration and product quality. Samples have been sent for testing, and the sale and distribution of the seized ghee have been banned.
The Haryana government is taking strict action against black marketing of cooking gas cylinders, registering FIRs and seizing hundreds of cylinders to ensure adequate supply for citizens.
'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'
An IED blast in a marketplace in northwest Pakistan has killed three people, including a tribal chief, and injured four others.
A man was arrested in Gurugram for allegedly running a fake clinic and treating patients without a medical degree for six years.
Rajesh Exports has refuted allegations of financial irregularities, stating that its reported revenues are accurate and attributing the Securities and Exchange Board of India's (Sebi) interim action to a 'communication gap' between the regulator and the company.
Police in Bidar, Karnataka, have arrested four individuals and seized 105 LPG cylinders in connection with the alleged black marketing of cooking gas.
Punjab Police, in a joint operation with Jammu and Kashmir Police, have arrested two shooters allegedly involved in the murder of a Ferozepur shopkeeper. The accused, identified as Vishnu Kumar and Rahul Mahawar, were apprehended in J&K following an extensive investigation and an operation named 'Hill Trap'. Police also recovered a pistol and are now probing the larger conspiracy behind the killing.
The Indian rupee rebounded 50 paise from its all-time closing low to settle at 96.36 against the US dollar, driven by retreating crude oil prices, signs of easing geopolitical friction, and likely central bank intervention.
Varanasi Municipal Corporation's decision to relocate all meat, fish, and poultry shops outside city limits before the holy month of Sawan has ignited a debate among residents, traders, and political leaders, with supporters citing religious sentiments and critics raising concerns about convenience and livelihoods.
India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.
The Directorate of Revenue Intelligence (DRI) arrested a man travelling from Kathmandu to Delhi in Lucknow and recovered over 5 kg of heroin worth more than Rs 10 crore.
This marks a significant step towards legally safeguarding the cultural and spiritual identity of one of Hinduism's most revered pilgrimage centres.
A 40-year-old man was apprehended in Hyderabad for allegedly transporting hawala money from Mumbai, with Rs 1.22 crore in cash seized from his possession.
Pakistan Prime Minister Shehbaz Sharif announced that a US-Iran peace deal is on the verge of finalisation, potentially within the next 24 hours, marking a significant diplomatic breakthrough after months of intense negotiations.
A 40-year-old man was apprehended in Hyderabad for allegedly transporting hawala money from Mumbai, with Rs 1.22 crore in cash seized from his possession.
Amidst a sharp run-up in gold and silver prices, investors are advised to rebalance their portfolios by booking partial profits in precious metals and reallocating to domestic equities and debt, according to financial experts.
The 2026 FIFA World Cup, co-hosted by the United States, Mexico, and Canada, is set to be football's largest tournament but will unfold against a backdrop of significant geopolitical tensions, including conflicts, strained alliances, and complex immigration policies, challenging its traditional role as a symbol of global unity.
Former IPL Commissioner Lalit Modi, who claims that there is no wrongdoing by him in the legal cases faced by him in India, has said that he was born with "a diamond spoon", has a kingsize lifestyle, travels everywhere and that "Rs 10-12 crore" may not last with him a week.
RIS Steady Life Cycle begins with an equity allocation of 35 per cent at age 60, which gradually reduces. Between ages 75 and 85, it remains constant at 10 per cent.
Police in Belagavi, Karnataka, have arrested the operator of Shivam Associates, accused of running a multi-crore Ponzi scheme that promised high returns to depositors. The case has been registered under the BUDS Act and KPID Act, and will be transferred to the CID for further investigation.
Both the political executive in New Delhi and the newly elected political dispensation in Kolkata must be careful to ensure that their image is not tarnished by induction of undesirable elements in the name of political expediency, asserts Vice Admiral Biswajit Dasgupta (retd).
Ahmedabad police have arrested two individuals for allegedly selling T20 World Cup final tickets at inflated prices. The suspects were caught during surveillance and found to be selling tickets for three times their original value.
Investors with a 6 to 12 month horizon may consider them. They should align their holding period with the fund's maturity profile and prefer schemes with a lower expense ratio.
Bengaluru police have arrested five individuals for selling banned Hydro Ganja, seizing 3.686 kg of the substance worth Rs 2.56 crore.
A special SEBI court convicted two directors and their five firms, linked to late stockbroker Harshad Mehta, for failing to provide information during a 1998 investigation into the manipulation of shares belonging to BPL and Videocon.
Police in Karnataka have arrested an individual running a firm accused of operating a multi-crore deposit scam, attracting investments with promises of high returns. The case involves Shivaanand S Neelanavar and his firm Shivam Associates, also known as Acumen, who allegedly failed to return money to depositors after promising a 36 per cent annual return.
Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.
