News for 'Markets and Markets'

'Job Market Is Collapsing Like Pack Of Cards'

'Job Market Is Collapsing Like Pack Of Cards'

Rediff.com5 Jun 2026

'You have seen the retrenchments by big corporates in the IT industry because they are not getting enough offers.' 'MSMEs in the manufacturing sector are really struggling. They do not know what to do. They are not able to predict what will happen tomorrow.'

Kanda Express To Lower Onion Prices

Kanda Express To Lower Onion Prices

Rediff.com26 Aug 2026

The Centre has launched dedicated Kanda Express onion trains from Nashik to major cities, releasing buffer stocks at 35/kg to curb a sharp seasonal rise in onion prices.

iPhone 18 Pro, Pro Max launch sparks 'festival' atmosphere across India

iPhone 18 Pro, Pro Max launch sparks 'festival' atmosphere across India

Rediff.com18 Sep 2026

Apple's latest flagship smartphones, the iPhone 18 Pro and iPhone 18 Pro Max, have gone on sale across India, drawing massive queues and creating a 'festival' atmosphere among eager buyers at Apple Stores in Noida, Bengaluru, and Maharashtra.

Chandra reappointment: Tata Trusts call the vote 'illegal', setting up boardroom battle

Chandra reappointment: Tata Trusts call the vote 'illegal', setting up boardroom battle

Rediff.com17 Sep 2026

The Tata Sons board has voted to reappoint N Chandrasekaran as chairman for a third five-year term, a decision influenced by the Reserve Bank of India's rejection of the company's application to surrender its NBFC registration, which revives the prospect of a stock market listing.

Tempsens Instruments Makes Blockbuster Debut, Shares Zoom Over 111%

Tempsens Instruments Makes Blockbuster Debut, Shares Zoom Over 111%

Rediff.com28 Aug 2026

Shares of temperature sensing and heating solutions provider Tempsens Instruments (India) Ltd listed with a massive premium of over 111 per cent against its issue price of Rs 300, reaching a market valuation of Rs 4,934.81 crore.

India's exports jump over 26% in August; trade gap shrinks to five-month low

India's exports jump over 26% in August; trade gap shrinks to five-month low

Rediff.com16 Sep 2026

India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.

JioHotstar launches in UK, Canada, and Singapore with vast content library

JioHotstar launches in UK, Canada, and Singapore with vast content library

Rediff.com2 Sep 2026

JioHotstar has officially launched its streaming services in the UK, Canada, and Singapore, offering over 160,000 hours of Indian entertainment in more than 12 languages, targeting both the South Asian diaspora and a wider global audience.

Gold drops to Rs 1.64 lakh/10g as Iran talks temper market anxiety

Gold drops to Rs 1.64 lakh/10g as Iran talks temper market anxiety

Rediff.com22 May 2026

Gold prices in the national capital fell by Rs 600 to Rs 1.64 lakh per 10 grams, influenced by tentative progress in US-Iran negotiations, which reduced demand for precious metals. However, unresolved tensions surrounding the Strait of Hormuz continue to keep traders cautious.

Banks to remain open this Sunday ahead of strike

Banks to remain open this Sunday ahead of strike

Rediff.com23 Sep 2026

The finance ministry has announced that all banks, including Regional Rural Banks, will remain open on Sunday, September 27, 2026, to ensure public convenience amidst a proposed three-day strike by the United Forum of Bank Unions (UFBU) starting September 28, 2026. The strike, if it materialises, seeks a 5-day banking week and pension reforms.

'Carnage': SC on 10x markup on cancer drugs, bats for 16pc margin

'Carnage': SC on 10x markup on cancer drugs, bats for 16pc margin

Rediff.com4 days ago

The Supreme Court has strongly criticised the exorbitant markup on cancer drugs by hospitals, calling it "carnage" and "broad daylight dacoity." The court highlighted a case where a cancer drug was marked up ten times its retail price and urged the Centre to implement a uniform 16% margin on all medicines. It also raised concerns about hospitals forcing patients to buy medicines from their in-house chemists.

Rs 1 Trillion Club Swells

Rs 1 Trillion Club Swells

Rediff.com2 Sep 2026

Newly listed companies Vedanta Aluminium Metal, SBI Funds Management and Manipal Health Enterprises have entered the Rs 1 trillion mcap list since March 2026.

Sitharaman Defends UPI MDR Decision Amidst Opposition Criticism

Sitharaman Defends UPI MDR Decision Amidst Opposition Criticism

Rediff.com25 Sep 2026

Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.

RBI's concessional swap schemes fail to boost rupee despite large forex inflows

RBI's concessional swap schemes fail to boost rupee despite large forex inflows

Rediff.com24 Aug 2026

Despite large inflows of foreign funds mobilised through the Reserve Bank of India's (RBI's) concessional swap schemes, the rupee has seen little impact because the dollars have largely been absorbed into the central bank's reserves instead of being released into the spot market, according to market participants.

Gold futures fall for 7th day, drop to Rs 1.5 lakh/10g amid US-Iran tensions

Gold futures fall for 7th day, drop to Rs 1.5 lakh/10g amid US-Iran tensions

Rediff.com2 Sep 2026

Gold futures experienced their seventh consecutive daily decline, falling to Rs 1.5 lakh per 10 grams, driven by escalating military exchanges between the US and Iran which have pushed oil prices higher and intensified concerns over inflation and potential interest rate hikes.

Gold extends losing streak, falls Rs 1,500 on hawkish Fed, rising oil prices

Gold extends losing streak, falls Rs 1,500 on hawkish Fed, rising oil prices

Rediff.com31 Aug 2026

Gold prices in India extended their losing streak, falling by Rs 1,500 to Rs 1,60,900 per 10 grams, influenced by hawkish remarks from Federal Reserve Chair Kevin Warsh and rising oil prices, which have increased expectations of an interest rate hike.

How Much Should YOU Save For Retirement?

How Much Should YOU Save For Retirement?

Rediff.com2 days ago

'Your retirement corpus isn't just a big pile of cash for 'one day' -- it is the salary you pay yourself when you no longer want to go to work.'

Stock markets open in red, Sensex tank over 500 pts, Nifty down to 23K

Stock markets open in red, Sensex tank over 500 pts, Nifty down to 23K

Rediff.com20 May 2026

Indian benchmark equity indices, the BSE Sensex and NSE Nifty, experienced a significant drop in early trade due to elevated oil prices, weak global market trends, and renewed fears of military operations in the Middle East following US President Donald Trump's statements regarding Iran. Track Sensex, Nifty on May 20.

NSE IPO sees strong demand, subscribed 5.7 times ahead of BSE listing

NSE IPO sees strong demand, subscribed 5.7 times ahead of BSE listing

Rediff.com22 Sep 2026

The National Stock Exchange of India's initial public offering (IPO) was subscribed 5.69 times, with qualified institutional buyers (QIBs) showing the strongest demand, as the Rs 22,561-crore issue moves towards allotment and a planned listing on the BSE.

India Services Growth Cools to 4-Year Low in August

India Services Growth Cools to 4-Year Low in August

Rediff.com3 Sep 2026

India's services activity expanded in August, but the pace of growth cooled to the second-slowest since March 2022, despite stronger output and new business, according to the HSBC India Services PMI Business Activity Index.

Sensex Rises Over 400 Points, Nifty Crosses 23,800 Amid Positive Market Sentiment

Sensex Rises Over 400 Points, Nifty Crosses 23,800 Amid Positive Market Sentiment

Rediff.com15 May 2026

Sensex gains over 400 points while Nifty trades above 23,800 amid strong IT sector buying.

Reliance navigates volatile oil markets with agile sourcing, operational tweaks

Reliance navigates volatile oil markets with agile sourcing, operational tweaks

Rediff.com27 Apr 2026

India's largest private refiner, Reliance Industries Ltd, successfully navigated a volatile energy market in the last quarter of FY26 by diversifying crude sourcing and demonstrating operational agility, particularly in response to geopolitical disruptions and cost fluctuations.

Two Arrested For Share Market Investment Fraud In Delhi

Two Arrested For Share Market Investment Fraud In Delhi

Rediff.com21 Apr 2026

Delhi Police have arrested two men from Gujarat for allegedly defrauding a Delhi resident of Rs 9.75 lakh under the guise of high-return share market investments.

Why Tata Motors Unveiled the Sierra Legend Series

Why Tata Motors Unveiled the Sierra Legend Series

Rediff.com18 Sep 2026

Tata Motors has launched the Sierra Legend Series, a new line of its iconic Sierra mid-SUV, designed to democratize premium features across all variants. This strategy, dubbed "Luxury, From The Base," aims to challenge traditional industry norms by offering high-end comfort, refinement, and technology even in entry-level models, ensuring the Sierra remains a benchmark in the competitive Indian automotive market.

Ketan Parekh's bid to cross-examine Capital Group traders rejected by SAT

Ketan Parekh's bid to cross-examine Capital Group traders rejected by SAT

Rediff.com25 Aug 2026

The Securities Appellate Tribunal (SAT) has dismissed Ketan Parekh's appeal challenging Sebi's denial of his request to cross-examine two traders from Capital Group, related to an alleged front-running scheme.

InsuranceDekho-RenewBuy merger to deepen India reach, eyes IPO

InsuranceDekho-RenewBuy merger to deepen India reach, eyes IPO

Rediff.com5 Sep 2026

The merged InsuranceDekho-RenewBuy entity aims to significantly expand its distribution network across India, offering insurance, mutual funds, and loans, with a strong focus on 'Bharat' (rural India), according to CEO Ankit Agarwal.

How RBI's Tokenisation Push Will Transform India's Financial Ecosystem

How RBI's Tokenisation Push Will Transform India's Financial Ecosystem

Rediff.com9 Sep 2026

The Reserve Bank of India (RBI) is planning to extend tokenisation to various financial asset classes, building on its successful trials with certificates of deposit (CDs). This move aims to enhance the efficiency of issuance, trading, and settlement of financial assets, leveraging blockchain technology and wholesale Central Bank Digital Currency (CBDC) for atomic settlements.

Smallcap Funds Double Down On IPOs

Smallcap Funds Double Down On IPOs

Rediff.com31 Aug 2026

"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."

Ola unveils S1Z EV scooter with made in India battery tech

Ola unveils S1Z EV scooter with made in India battery tech

Rediff.com4 Sep 2026

The new range brings Ola's 46-series LFP cells to its most affordable scooter lineup aimed at India's mass-market electric vehicle (EV) buyers.

Stock Markets Today: Sensex, Nifty50 Open In Red Weighed By West Asia Crisis

Stock Markets Today: Sensex, Nifty50 Open In Red Weighed By West Asia Crisis

Rediff.com12 May 2026

Indian equity benchmark indices experienced a significant drop in early trade, with the BSE Sensex falling over 525 points and the NSE Nifty down more than 164 points, primarily due to rising crude oil prices and ongoing uncertainty surrounding the US-Iran conflict.

Finance Minister Explains UPI MDR Structure And Impact

Finance Minister Explains UPI MDR Structure And Impact

Rediff.com25 Sep 2026

Finance Minister Nirmala Sitharaman clarified that the proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is not a tax or cess, and its collections will not go to the government. She explained that MDR is a charge within the digital payments ecosystem, shared among participants to maintain infrastructure, and will not be passed on to consumers. The NPCI's new framework, effective October 15, applies a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, with most transactions remaining free and small merchants exempt.

Volkswagen bets big on India, targets 5% market share

Volkswagen bets big on India, targets 5% market share

Rediff.com21 Apr 2026

koda Auto Volkswagen India aims to capture a 5 per cent share of India's passenger vehicle market by 2030, driven by new product launches, including alternate fuel vehicles, and a potential entry into the high-volume sub-4 metre SUV segment.

Mutual funds' stock market lead over LIC widens for fifth year in a row

Mutual funds' stock market lead over LIC widens for fifth year in a row

Rediff.com25 May 2026

India's mutual fund industry has significantly increased its share of public trading in the stock market, widening its lead over the Life Insurance Corporation of India (LIC) for the fifth consecutive year. While LIC's share of free-float listed shares has fallen to 7.42% as of March 2026, the mutual fund industry's share has surged to 22.92% from 7.06% in 2012.

Ricky Ponting: US Cricket's Growth Slower Than Expected, But 2028 Olympics Offer Hope

Ricky Ponting: US Cricket's Growth Slower Than Expected, But 2028 Olympics Offer Hope

Rediff.com11 Sep 2026

Former Australia captain Ricky Ponting expressed his belief that the growth of cricket in the United States has been slower than anticipated, but he remains optimistic about its potential, especially with the US national team's increasing competitiveness and the sport's inclusion in the 2028 Los Angeles Olympics.

Blinkit extends lead in quick commerce, outperforming rivals beyond major cities

Blinkit extends lead in quick commerce, outperforming rivals beyond major cities

Rediff.com27 Aug 2026

A new CLSA report indicates that Eternal's Blinkit is significantly widening its lead in India's quick-commerce sector, particularly beyond major metropolitan areas, by expanding its dark store network and securing a first-mover advantage in over 180 cities.

Assam CM Unveils NESFIC To Transform Northeast Into Innovation Hub

Assam CM Unveils NESFIC To Transform Northeast Into Innovation Hub

Rediff.com25 Sep 2026

Assam Chief Minister Himanta Biswa Sarma launched the North East Seva Innovation Challenge (NESFIC), envisioning the region as India's 'living laboratory' for technology and problem-solving. The initiative aims to empower young innovators to address real-world challenges faced by government, industries, and citizens, with a focus on practical implementation and government procurement.

Panel To Decide UPI Charges Above Rs 2,000 For Merchants

Panel To Decide UPI Charges Above Rs 2,000 For Merchants

Rediff.com15 Sep 2026

A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.

Government Clarifies UPI Merchant Fee Will Not Burden Consumers

Government Clarifies UPI Merchant Fee Will Not Burden Consumers

Rediff.com24 Sep 2026

Government sources clarify that the 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, will not be passed on to consumers. The charge, paid by merchants, aims to create a sustainable revenue framework for the digital payments ecosystem, with funds shared among banks and UPI entities. Small merchants using QR codes for up to Rs 1 lakh monthly are exempt.

FDA suspends licences of 3 ISKCON restaurants in Mumbai

FDA suspends licences of 3 ISKCON restaurants in Mumbai

Rediff.com9 Sep 2026

The Maharashtra Food and Drug Administration (FDA) has suspended the food licences of several establishments across Mumbai and Navi Mumbai, including an IRCTC-linked supplier and three ISKCON outlets in Juhu, due to severe hygiene and safety violations. This action is part of a state-wide crackdown initiated by FDA Commissioner Tukaram Mundhe, targeting issues like pest infestation, improper food handling, inadequate sanitation, and misleading product claims.

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Rediff.com5 May 2026

Indian benchmark indices Sensex and Nifty experienced a decline due to renewed geopolitical concerns in the Strait of Hormuz, a strained US-Iran ceasefire, and the rupee hitting a record low against the US dollar.

RBI: Forex market interventions are temporary, not structural shifts

RBI: Forex market interventions are temporary, not structural shifts

Rediff.com9 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that recent regulatory measures to address foreign exchange market volatility, such as capping banks' net open positions, are temporary and aligned with current market conditions, not signalling any structural shift in policy.