News for 'Money Balance'

Maha passes bill to curb urban Naxalism; won't misuse, assures CM

Maha passes bill to curb urban Naxalism; won't misuse, assures CM

Rediff.com11 Jul 2025

The Maharashtra legislative assembly passed the 'Maharashtra Special Public Security Bill' aimed at preventing unlawful activities of Left Wing Extremist organizations, focusing on urban Naxalism and passive militancy.

Emission Norms Battle Hots Up: M&M Counters Maruti Suzuki

Emission Norms Battle Hots Up: M&M Counters Maruti Suzuki

Rediff.com21 Jul 2025

The growing rift between MSIL and rival automakers has complicated the government's efforts to finalise the CAFE norms.

'One Actor Can Only Do So Much Work'

'One Actor Can Only Do So Much Work'

Rediff.com28 Jul 2025

'I had not even realised I had done almost 100 films.'

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Rediff.com18 Jul 2025

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.

ICICI Bank cuts savings deposit rate by 0.25%

ICICI Bank cuts savings deposit rate by 0.25%

Rediff.com16 Apr 2025

ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases.

Sector & thematic funds: Investors with high risk appetite should stay put

Sector & thematic funds: Investors with high risk appetite should stay put

Rediff.com24 Apr 2025

Inflows into sector and thematic (S&T) funds fell sharply from around 5,711.6 crore in February 2025 to about 170.1 crore in March 2025 - a decline of 97 per cent. With many such funds underperforming, investors need to assess whether to remain invested or exit.

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

Rediff.com17 Jul 2025

State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of Rs 811.05, which is at a 2.5 per cent discount on Wednesday's closing price.

'Abhishek Has Gone Through A Lot'

'Abhishek Has Gone Through A Lot'

Rediff.com17 Jul 2025

'It's a tremendous accomplishment to have a father like Amitabh Bachchan and still be so sorted, to not taste the kind of success that he should have and yet be so balanced.'

'Judges Don't Descend From Mars Or The Moon'

'Judges Don't Descend From Mars Or The Moon'

Rediff.com21 Aug 2025

'The quality of justice is directly linked to the quality of judges -- if that suffers, justice delivery suffers.'

'My Job Is To Be A Facilitator'

'My Job Is To Be A Facilitator'

Rediff.com23 Jun 2025

'My job is to provide people with a bouquet of options they can choose from.'

How To Be Debt Free!

How To Be Debt Free!

Rediff.com5 Jun 2025

Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.

RBI's Rs 2.69 lakh crore bonanza for Modi govt for FY25

RBI's Rs 2.69 lakh crore bonanza for Modi govt for FY25

Rediff.com23 May 2025

The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. The Reserve Bank had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24.

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Rediff.com28 Mar 2025

Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of Financial Services Secretary M Nagaraju, in New Delhi. At present, they can accept deposits of up to Rs 2 lakh.

GoI greenlights bike taxis, over to states

GoI greenlights bike taxis, over to states

Rediff.com4 Jul 2025

While mobility aggregators such as Rapido and Uber have welcomed the decision, gig workers associations and unions remain concerned.

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

Rediff.com7 May 2025

One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.

Amazon's entry into healthcare a headwind but diagnostic stocks attractive

Amazon's entry into healthcare a headwind but diagnostic stocks attractive

Rediff.com2 Jul 2025

The news that Amazon India has launched diagnostic services in select metro cities in partnership with the unlisted Orange Health Labs has led to a look at the competitive intensity in healthcare services. Listed companies in the space such as Dr Lal Path Labs, Metropolis Health, Thyrocare, Vijaya, and Krsnaa have all seen double-digit stock price corrections over the last 6-9 months.

Why Are All Eyes on Nifty Bank?

Why Are All Eyes on Nifty Bank?

Rediff.com19 May 2025

With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.

India Pursuing FTAs With Mature, Rule-Bound Markets: Jaishankar

India Pursuing FTAs With Mature, Rule-Bound Markets: Jaishankar

Rediff.com27 Jun 2025

'The logic every one of our neighbours must realise is that working with India will give you benefits, and not working with India has a cost.'

RBI lowers GDP growth projection to 6.5% for FY26

RBI lowers GDP growth projection to 6.5% for FY26

Rediff.com9 Apr 2025

Reserve Bank on Wednesday cut India's growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties. Prospects of agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in 2025-26, RBI Governor Sanjay Malhotra said while unveiling the outcome of the first bi-monthly Monetary Policy Committee meeting for the current financial year.

Debt funds now look to accruals as interest rate cut cycle peaks

Debt funds now look to accruals as interest rate cut cycle peaks

Rediff.com17 Jun 2025

With the interest rate cut cycle nearing its end, several debt fund managers are shifting their focus towards interest income rather than betting on duration in anticipation of capital gains.

Builders from other regions tap into Mumbai's redevelopment market

Builders from other regions tap into Mumbai's redevelopment market

Rediff.com17 Jun 2025

Developers based outside Mumbai are making a beeline for India's largest real estate market through redevelopment projects. These include Delhi-based DLF, Bengaluru-based Prestige Estates and Puravankara, Pune-based Kolte-Patil Developers and Vascon Engineers, and Hyderabad-based Ramky Estates.

Jasmine Bhasin's Cool Vibes

Jasmine Bhasin's Cool Vibes

Rediff.com27 Feb 2025

Jasmine Bhasin's ability to balance sophistication with a fun spirit is seen in her fashion choices.

'India's paint market is highly local and competitive'

'India's paint market is highly local and competitive'

Rediff.com11 Jul 2025

'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'

Beyond 9 to 5: The Bike Taxi Hustle

Beyond 9 to 5: The Bike Taxi Hustle

Rediff.com9 Jul 2025

Rising inflation and stagnant wages are forcing a number of salaried professionals to venture into the bike taxi service as part-time riders.

'How Can I Build Rs 1 Cr Portfolio?'

'How Can I Build Rs 1 Cr Portfolio?'

Rediff.com4 Jul 2025

Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.

'How To Achieve 8 Cr Fund In 24 Years?'

'How To Achieve 8 Cr Fund In 24 Years?'

Rediff.com26 May 2025

Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.

Filing ITR? Avoid These Errors

Filing ITR? Avoid These Errors

Rediff.com7 Jul 2025

Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.

ED seeks confiscation of Rs 661cr assets in National Herald case

ED seeks confiscation of Rs 661cr assets in National Herald case

Rediff.com17 Apr 2025

The Enforcement Directorate (ED) has filed a chargesheet in the Associated Journals Limited-Young Indian-National Herald money-laundering case, seeking confiscation of assets worth Rs 661 crore and appending statements of Congress leaders Sonia Gandhi and Rahul Gandhi. The agency has accused the Gandhis of orchestrating a conspiracy to illegally obtain the underlying assets of AJL by the beneficial owners of YI (Sonia Gandhi and Rahul Gandhi). Both Sonia Gandhi and Rahul Gandhi have denied any wrongdoing and said the takeover of Associated Journals Limited (AJL) by Young Indian (YI) was not for commercial purposes. The Congress has slammed the chargesheet, alleging that the ED action against its leaders shows panic and moral bankruptcy of the "despotic" government, while the BJP has continued to call out the role of the Gandhi family in the matter.

Prize money for Olympic gold-winning athletes is a good start: Neeraj

Prize money for Olympic gold-winning athletes is a good start: Neeraj

Rediff.com11 Apr 2024

Star javelin thrower Neeraj Chopra on Thursday lauded World Athletics' decision to award USD 50,000 to all its gold-medallists in the Paris Olympic Games and said he would like to see such incentive being given in other global competitions as well.

IPOs mark a new era for India's hospitality industry with scale, ambition

IPOs mark a new era for India's hospitality industry with scale, ambition

Rediff.com15 Jul 2025

India's hospitality sector is rolling out the red carpet for investors. A flurry of upcoming IPOs, or initial public offerings, the entry of new players, and ambitious expansion plans by Indian and global hotel brands are ushering in what could be the industry's most formalised era yet. Leading the charge are real estate titans, who are turning their hotel arms into global hospitality chains.

Chronology of events leading to conclusion of India, UK FTA

Chronology of events leading to conclusion of India, UK FTA

Rediff.com7 May 2025

Prime Minister Narendra Modi and (the then) UK Prime Minister Boris Johnson launched an 'Enhanced Trade Partnership' (ETP) to unleash the trade potential between the two economies. As part of the ETP, they agreed on a roadmap to negotiate a comprehensive and balanced FTA.

Don't panic over US tariffs, Goyal tells exporters

Don't panic over US tariffs, Goyal tells exporters

Rediff.com9 Apr 2025

Amid the ongoing global tariff war, Commerce and Industry Minister Piyush Goyal on Wednesday asked exporters not to panic and assured them that India is working on the "right mix and right balance" in its proposed trade agreement with the US.

'The demand for health insurance is fine'

'The demand for health insurance is fine'

Rediff.com22 Jun 2025

'The retail industry is still growing in double digits.'

'Clients Are In Risk-management Mode'

'Clients Are In Risk-management Mode'

Rediff.com28 Apr 2025

'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'

BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai

BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai

Rediff.com17 Apr 2025

Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. BluSmart app, that offered more than 8,000 taxis in the three metros, stopped taking bookings on Wednesday evening and remained unoperational on Thursday as well.

'PCB's earning from Champions Trophy exceeds target'

'PCB's earning from Champions Trophy exceeds target'

Rediff.com8 Apr 2025

The Pakistan Cricket Board (PCB) has claimed to have earned three billion rupees by hosting the ICC Champions Trophy, exceeding its target of two billion rupees.

Tata Sons may have to bail out Tata Tele

Tata Sons may have to bail out Tata Tele

Rediff.com22 May 2025

Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.

India, UK conclude landmark multi-billion-pound trade deal

India, UK conclude landmark multi-billion-pound trade deal

Rediff.com6 May 2025

India and the UK on Tuesday sealed an ambitious free trade deal along with a double contribution convention with Prime Minister Narendra Modi saying that the landmark pacts will catalyse trade, investment, growth and job creation in both the economies. Modi made the announcement on the agreements after a phone conversation with his British counterpart Keir Starmer.

Global majors keen to make e-cars in India; Tesla quiet

Global majors keen to make e-cars in India; Tesla quiet

Rediff.com4 Jun 2025

Elon Musk-led Tesla Inc is yet to express interest in India's flagship scheme to attract global investment in electric vehicle (EV) manufacturing, said Union Minister for Heavy Industries H D Kumaraswamy on Monday. In contrast, multiple global automobile giants -- such as Mercedes-Benz, koda Auto Volkswagen, Hyundai Motor, and Kia Motors -- are keen to participate, the minister noted.

'Capital is flowing back to the US'

'Capital is flowing back to the US'

Rediff.com27 Feb 2025

'Even if India is attractive, FPIs currently lack the funds to invest, as money is being redirected to the US.'