News for 'New Development Bank'

Sensex up 174 points on gains in bank, IT stocks

Sensex up 174 points on gains in bank, IT stocks

Rediff.com17 Feb 2026

Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.

'Banks not investing in right technology'

'Banks not investing in right technology'

Rediff.com10 Feb 2026

'There is a challenge in repositioning yourself, maybe reinventing yourself.'

How investors will benefit if banks start lending to Reits

How investors will benefit if banks start lending to Reits

Rediff.com6 Feb 2026

The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.

Govt receives financial bids for IDBI Bank stake sale, says Dipam

Govt receives financial bids for IDBI Bank stake sale, says Dipam

Rediff.com7 Feb 2026

The government on Friday received financial bids for the strategic disinvestment of IDBI Bank, the Department of Investment and Public Asset Management (Dipam) said in an official statement on X.

New labour Codes raise operating expenses of pvt banks, insurers

New labour Codes raise operating expenses of pvt banks, insurers

Rediff.com26 Jan 2026

The new labour Codes, notified by the central government in November 2025, have pushed up employee costs for private-sector banks and insurance companies, with these firms reporting higher operating expenses in the October-December quarter (Q3FY26) due to the statutory impact of the new labour Codes.

World Bank flags how India failed to rein in debt in several states

World Bank flags how India failed to rein in debt in several states

Rediff.com5 Feb 2026

India's state-level fiscal rules have improved headline deficits, but the gains are fragile and uneven with major states still grappling with high debt levels, a World Bank report submitted to the 16th Finance Commission (FC) said. According to the report, despite nearly two decades of adoption of fiscal responsibility laws (FRLs), debt levels have not converged.

Top realtors bet on plotted development

Top realtors bet on plotted development

Rediff.com22 Dec 2025

India's leading real estate developers are accelerating their push into plotted development, a segment once dominated by unorganised players but now reshaped by branded offerings, faster cash flows and evolving buyer preferences. This strategic shift is visible across markets such as Bengaluru, Chennai, Hyderabad, Gurugram, peripheries of the Mumbai Metropolitan Region (MMR) and even Tier-II cities.

Phase out universal subsidies: ADB-PwC study to 16th FC

Phase out universal subsidies: ADB-PwC study to 16th FC

Rediff.com16 Feb 2026

Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.

Blue-chips Reliance, ICICI Bank drag Sensex down by 324 points

Blue-chips Reliance, ICICI Bank drag Sensex down by 324 points

Rediff.com19 Jan 2026

ICICI Bank, Eternal, Titan, Adani Ports, Tata Consultancy Services and UltraTech Cement were also among the laggards. However, InterGlobe Aviation, Tech Mahindra, Hindustan Unilever and Bajaj Finance were among the gainers.

Loan growth, margins set to improve for banks in Q3

Loan growth, margins set to improve for banks in Q3

Rediff.com8 Jan 2026

The banking sector could see better loan growth in the third quarter of financial year 2026 (Q3FY26) with improved net interest margins (NIMs), though the full impact of latest rate cuts will be largely felt in the fourth quarter. There may be lower slippage in unsecured loans and microfinance institutions (MFIs) along with steady recovery trends, which should lower credit cost.

India flags 'huge mountain of debt' in developed nations as matter of concern

India flags 'huge mountain of debt' in developed nations as matter of concern

Rediff.com22 Jan 2026

The "huge mountain of debt" in developed economies and the risk of a possible unravelling is a matter of concern for India, Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology Ashwini Vaishnaw said on Wednesday, pointing to the recent spike in Japanese bond yields.

Q3 earnings, global trends to drive stock markets this week

Q3 earnings, global trends to drive stock markets this week

Rediff.com18 Jan 2026

Trading pattern in the stock market this week will largely depend on the ongoing Q3 earnings announcement from corporates, global trends, and foreign fund movement, analysts said. Moreover, geopolitical developments and any update on trade negotiations would also be keenly tracked by investors, experts noted.

Why India equity markets are likely to remain volatile next week

Why India equity markets are likely to remain volatile next week

Rediff.com4 days ago

Analysts predict continued volatility in Indian equity markets due to domestic macroeconomic data, F&O expiry, global developments including US tariff policies, and geopolitical tensions.

No toll plaza queues anywhere in India by yearend, says Gadkari

No toll plaza queues anywhere in India by yearend, says Gadkari

Rediff.com1 days ago

'Within six months I expect petrol, diesel, and electric vehicles (EVs) to reach cost parity,' says Union Minister for Road Transport and Highways Nitin Gadkari.

'LIC sets sights on sustained 60% plus market share'

'LIC sets sights on sustained 60% plus market share'

Rediff.com1 days ago

'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.

Pvt-funded highway construction model highest priority: Gadkari

Pvt-funded highway construction model highest priority: Gadkari

Rediff.com1 days ago

On the back of an aggressive asset monetisation push, the government will press the throttle on the build-operate-transfer (BOT) model - under which private developers fund highway construction - for future highway development, Union Minister for Road Transport and Highways Nitin Gadkari said.

New national policy pegs Rs 200 trn investment in power sector by '47

New national policy pegs Rs 200 trn investment in power sector by '47

Rediff.com22 Jan 2026

The government on Wednesday put out the draft of a new policy that projects the country's power sector will need Rs 50 trillion in investments by 2032 and Rs 200 trillion by 2047, proposing ambitious reforms in generation, transmission and distribution.

'You End Up Firefighting': Finance Minister

'You End Up Firefighting': Finance Minister

Rediff.com22 hours ago

'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'

Relaxed ECB norms may lift foreign borrowings by Indian companies

Relaxed ECB norms may lift foreign borrowings by Indian companies

Rediff.com7 days ago

The easing of external commercial borrowing (ECB) norms by the Reserve Bank of India (RBI) is expected to significantly boost overseas fundraising by Indian companies, market participants said.

How the stock markets will fare next week

How the stock markets will fare next week

Rediff.com15 Feb 2026

Macroeconomic data, global geopolitical developments and rising concerns over AI-related disruptions are likely to dictate sentiment in the stock market next week, even as investors may remain cautious amid ongoing volatility, according to analysts.

Economy growing at robust pace, banking sector remains sound: RBI report

Economy growing at robust pace, banking sector remains sound: RBI report

Rediff.com1 Jan 2026

The Indian economy is growing at a robust pace, driven by strong domestic demand, low inflation, and the healthy balance sheets of banks, said a Reserve Bank report released on Wednesday.

Bill Gates lauds Andhra's AI-driven growth

Bill Gates lauds Andhra's AI-driven growth

Rediff.com17 Feb 2026

Microsoft founder and Gates Foundation chairman Bill Gates on Tuesday hailed Andhra Pradesh's rapid development, saying it was exciting to see the state's growth being accelerated through AI and technology.

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

Rediff.com13 Feb 2026

Nearly two-thirds of external commercial borrowings (ECBs) raised so far in the ongoing financial year (2025-26/FY26) have been routed through Gujarat International Finance Tec-City (GIFT City), a sharp jump from the 36 per cent recorded in 2024-25.

Budget 2026: What The Fiscal Numbers Show

Budget 2026: What The Fiscal Numbers Show

Rediff.com12 Feb 2026

The idea of back-loading the target of fiscal consolidation is perhaps guided by the government's desire to be prepared for any adverse developments in the coming year, points out A K Bhattacharya.

Inflation may stay benign: RBI deputy guv

Inflation may stay benign: RBI deputy guv

Rediff.com1 days ago

India's retail inflation, which has stayed below the Reserve Bank of India's (RBI's) 4 per cent target in recent times, is likely to remain benign in the coming months, RBI Deputy Governor Poonam Gupta said in a speech, on Friday, which was uploaded on the central bank's website on Tuesday. Headline inflation dipped to multi-year lows of around 1.5-2.8 per cent in late 2025.

J-K plans 9 new tourist spots; sites shut after Pahalgam to reopen by May

J-K plans 9 new tourist spots; sites shut after Pahalgam to reopen by May

Rediff.com7 days ago

The Jammu and Kashmir government announces plans to introduce nine new tourist destinations and reopen sites closed after the Pahalgam terror attack, aiming to revive and expand the region's tourism sector.

Bajaj Finance to Muthoot Finance: NBFCs outpace banks once again

Bajaj Finance to Muthoot Finance: NBFCs outpace banks once again

Rediff.com16 Dec 2025

Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.

Macron calls for India-France push on responsible AI

Macron calls for India-France push on responsible AI

Rediff.com7 days ago

French President Emmanuel Macron announced that India and France will collaborate to develop an artificial intelligence framework that combines innovation with responsibility and technology with humanity, addressing the need for inclusive digital tools amid rising geopolitical tensions.

Defamation case: Rahul records statement in UP court

Defamation case: Rahul records statement in UP court

Rediff.com6 days ago

Rahul Gandhi appeared before an MP-MLA court in Sultanpur, Uttar Pradesh, to record his statement in a defamation case related to his 2018 remarks against Amit Shah. The case, filed by a BJP leader, alleges derogatory remarks made during the Karnataka elections.

Public Cloud Service Drives Oracle India's Double-Digit Run

Public Cloud Service Drives Oracle India's Double-Digit Run

Rediff.com18 Feb 2026

'India is often skipping legacy cycles and moving directly to advanced AI-driven operations.'

J&K star Auqib Nabi not fazed by Ranji Trophy final

J&K star Auqib Nabi not fazed by Ranji Trophy final

Rediff.com4 days ago

Auqib Nabi, Jammu and Kashmir's key bowler, is focused on performing well in the Ranji Trophy final against Karnataka, aiming to leverage his adaptive skills and contribute to his team's success.

One Snapshot To Track Your Savings, Investments

One Snapshot To Track Your Savings, Investments

Rediff.com30 Jan 2026

Sebi is working with other regulators to expand the CAS framework.

Kerala Cong MLA booked over corruption in bank appointments

Kerala Cong MLA booked over corruption in bank appointments

Rediff.com18 Oct 2025

The Vigilance and Anti-Corruption Bureau (VACB) has registered a case against Congress MLA I C Balakrishnan over alleged corruption in appointments at a local cooperative bank in Sultan Bathery. The allegation involves accepting bribes for facilitating appointments at the bank.

Under EC pressure, Bengal acts on voter list fraud; books 5 employees

Under EC pressure, Bengal acts on voter list fraud; books 5 employees

Rediff.com18 Feb 2026

The West Bengal government has filed FIRs against five state government employees for alleged lapses in electoral roll revisions, following an Election Commission ultimatum. The action comes after the EC directed the state to initiate criminal cases against the accused for adding fictitious names to voter lists.

Pan-India LeT module busted, 7 Bangladeshis among 8 held

Pan-India LeT module busted, 7 Bangladeshis among 8 held

Rediff.com4 days ago

In a major counter-terror operation spanning three states, the Delhi Police has dismantled a Lashkar-e-Taiba (LeT) module comprising eight operatives, including seven Bangladeshi nationals who had illegally entered India and procured forged identity documents, an official said on Sunday.

VIDEO: Modi makes historic landing at Assam highway airstrip

VIDEO: Modi makes historic landing at Assam highway airstrip

Rediff.com14 Feb 2026

Prime Minister Narendra Modi inaugurated the Northeast's first Emergency Landing Facility in Assam, boosting regional defense and disaster response capabilities.

Construction of Babri-style mosque begins in Murshidabad

Construction of Babri-style mosque begins in Murshidabad

Rediff.com11 Feb 2026

Suspended TMC MLA Humayun Kabir has initiated the construction of a mosque modeled after the Babri Masjid in West Bengal's Murshidabad district, sparking political reactions and debate.

Sensex sinks 504 points amid weak global trends

Sensex sinks 504 points amid weak global trends

Rediff.com5 Feb 2026

Benchmark indices Sensex and Nifty ended lower on Thursday, snapping a three-day rally, amid a weak trend in global stock markets.

IPO wave big validation of tech ecosystem: SoftBank exec

IPO wave big validation of tech ecosystem: SoftBank exec

Rediff.com16 Dec 2025

SoftBank's early India bets are beginning to deliver. The Japanese investor, which clocked nearly 5.4x returns on Lenskart and chose to stay invested in Meesho ahead of its public listing, has so far returned close to $7 billion from India to its global investors.

Ajit Pawar Plane Crash: 'No Crew Would Crash A Plane'

Ajit Pawar Plane Crash: 'No Crew Would Crash A Plane'

Rediff.com4 days ago

'In any aviation emergency, the first rule is aviate -- fly the aircraft.' 'The fact that the commander's voice is not on the recording simply means he was focused entirely on flying. It does not imply anything more than that.'