Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.
The stock of India's largest listed pure-play retail company, Avenue Supermarts (DMart), has slipped over 10 per cent from its monthly highs. A weak operational performance in the fourth quarter (January-March) of financial year 2024-25 (Q4FY25) and muted near-term outlook due to intense competitive pressures and higher costs could lead to downward momentum on the stock. While the stock dipped by 3.44 per cent in early trade on Monday, it recovered a bit to close 1.07 per cent lower at 4,017.
The IIFA Digital Awards were announced on Saturday, March 8, 2025, night in Jaipur. Take the look at the winners.
Higher growth in vegetable demand relative to supply in the recent past has led to an upward trend in inflation, with spikes becoming more frequent. A study by rating agency Crisil found that vegetable inflation has been the most volatile in the food category, in fact. Inflation volatility is detrimental for both consumers and farmers and also sidetracks policymakers in the short term, necessitating frequent and repeated price-smoothing measures.
The Indian economy is projected to grow at 6.2 per cent in 2025-26, slower than earlier estimated rate of 6.5 per cent, due to escalated trade tensions and global uncertainty, the International Monetary Fund (IMF) said on Tuesday. "For India, the growth outlook is relatively more stable at 6.2 per cent in 2025, supported by private consumption, particularly in rural areas," IMF said in its World Economic Outlook (WEO).
While MBBS continues to be the most sought-after stream for medical aspirants, post pandemic, the demand for skilled nurses and physiotherapists are on the rise, notes Nayagam PP, career counsellor and founder of EduJob360.
The Enforcement Directorate (ED) has uncovered "multiple irregularities" in the operations of TASMAC, the state-run monopoly controlling liquor trade in Tamil Nadu. The agency found evidence of "manipulation" in tender processes and "unaccounted" cash transactions worth Rs 1,000 crore through distillery companies. The ED alleges that these irregularities involved "kickbacks" to secure increased supply orders from TASMAC and systematic inflation of expenses by distillery companies to siphon off unaccounted cash.
'Thankfully, as Indians, we have a long history of trans people in our culture, in our religions, in our mythology.' 'It's not a fad which has suddenly come into existence, the way that a lot of Americans treat it.'
Steffan Jones, who got Ishant 'back to speed', is changing grammar of old-school coaching
She has carved her own niche with a flair for colourful fashion and a signature winged eyeliner that perfectly frames her expressive eyes.
'Even actresses who are mothers play leading roles. There's also been a dramatic shift in the kinds of roles available to women. It's no longer limited to being the heroine, the heroine's mother, aunty or vamp.'
Ahead of the second instalment of advance tax, the revenue department is scrutinising entities that have registered negative growth in their tax deducted at source (TDS) payments, even when they reported healthy advance tax payments. According to sources, taxmen have observed a mismatch in TDS payments from at least 60-65 small to mid-sized companies. Officials said it is unusual for TDS to not increase, given the improved turnover and profits - if higher advance tax payments are any indication.
Shilpa gets sweaty... Huma meets Jared... Disha performs in Dubai...
There's not any effort -- not even a smidgen -- to resurrect a superstar on the wane in Sikandar, sighs Sukanya Verma.
Sanya Malhotra is an artist, muse, and fashionista all at once.
Brave New World deviates from the Marvel template and takes a route of a paranoid thriller with a politically charged narrative, observes Mayur Sanap.
Despite the dominance of AI, creativity and innovation are the most in-demand skills, reveal LinkedIn's Skills On The Rise 2025 report.
India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.
Kumar also said exit polls create a huge distraction by raising expectations and it was a matter for self-introspection for the media, particularly electronic media.
The Congress had moved the poll panel claiming a mismatch in actual and declared assets in the affidavit filed by Chandrasekhar, who is in the fray against former UN diplomat Shashi Tharoor.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
Literary adaptations, whistleblower pursuits, kidnapped Santas and South India's biggest stars, Sukanya Verma lists them all on OTT this week.
The income-tax department is set to launch a screen-based automated reconciliation system for plugging mismatches between returns filed by taxpayers and information processed by the department.
She has been owning our hearts with her impressive personality and charm.
Amid vociferous protests by the Opposition on the plight of farmers due to lack of storage for record production of foodgrains, government on Monday admitted a mismatch between procurement and storage and said efforts were on to ease pressure on godowns by encouraging exports and providing foodgrain to MNREGA workers as part of wages.
'This film is a wild and unpredictable ride.'
Shiv Sena-Uddhav Balasaheb Thackeray MP Sanjay Raut on Monday demanded a re-election in Maharashtra using ballot papers, claiming there were irregularities with the electronic voting machines (EVMs).
She is quirky when it comes to fashion and her unique sense of style comes as a breath of fresh air.
rediffGURU Nayagam PP offers a detailed guide to equip you with effective strategies, tactics and tips to help you excel in the upcoming IIT-JEE exam 2025.
Daniil Medvedev destroyed his racket and a net camera in a mid-match meltdown as he survived a huge scare against Thai wildcard Kasidit Samrej.
In a viral video, Yerunkar alleged a mismatch in the polling data and EVM numbers. He received only two votes at the polling centre where four members of his family voted, he said, questioning the count.
Financial success isn't about making impulsive moves -- it's about making informed choices, asserts Ramalingam Kalirajan.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Prime Minister Manmohan Singh on Monday expressed concern over the mismatch in demand and supply in the energy sector.
See how Mannara Chopra and Jason Shah bring summer temperatures back to Mumbai at the BT FW.
Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the Rs 450-trillion-a-day futures and options (F&O) market is not a case of "throwing the baby out with the bathwater," whole-time member (WTM) Ananth Narayan said on Friday. "As a regulator, we are conscious that we must not throw the baby out with the bathwater. "When it comes to frenzied trading in options nearing expiry, however, it is difficult to see any baby in this bathwater," he said while delivering his address at the 21st FICCI Annual Capital Markets Conference.
Megahna Rajsekhar survived the tsunami and was rescued by an unknown tribal man. 14 years later she tracked him down to say thank you.
The initial public offering (IPO) market has seen some momentum of late with robust responses to recent issues. However, only some have been able to ride the wave. So far in 2023, 23 companies have let their approval granted by the markets regulator - the Securities and Exchange Board of India (Sebi) - lapse.
'This fight was against the strongest oppressive forces in the country. And Vinesh emerged victorious.'
How could Indian athletes be sent to participate in the Winter Olympic that opened in Vancouver with mismatched uniforms.
