News for 'New Development Bank'

Why Women Remain Under-Represented In Cabinets

Why Women Remain Under-Represented In Cabinets

Rediff.com18 Aug 2026

Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.

SC seeks Centre's report on implementation of NEET reforms

SC seeks Centre's report on implementation of NEET reforms

Rediff.com19 Aug 2026

The Supreme Court has directed the Centre to submit an affidavit detailing the steps taken to implement the recommendations of the Radhakrishnan panel and the Nandan Nilekani committee for institutionalising reforms in the National Testing Agency (NTA) and improving NEET exam processes.

TCS inks 1.25 billion Porsche deal, acquires German auto giant's IT unit MHP

TCS inks 1.25 billion Porsche deal, acquires German auto giant's IT unit MHP

Rediff.com25 Aug 2026

Tata Consultancy Services (TCS) has announced a five-year strategic deal with German automaker Porsche AG worth 1.25 billion (nearly 14,000 crore), which includes the acquisition of Porsche's wholly-owned subsidiary MHP Management- und IT-Beratung GmbH for 320 million (around 3,574 crore). This move is set to significantly expand TCS's consulting footprint in Germany and the broader European market, giving it access to MHP's customer base and specialised talent.

New 'boss' scam to dupe corporate employees busted

New 'boss' scam to dupe corporate employees busted

Rediff.com18 Aug 2026

Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.

84 Indians rescued in Nepal floods, search ops continue: MEA

84 Indians rescued in Nepal floods, search ops continue: MEA

Rediff.com28 Aug 2026

The devastating flash floods wreaked havoc across Nepal, with the ministry of external affairs on Thursday stating that 84 Indian nationals have been rescued while 290 remain uncontactable as the Himalayan nation stepped up search, rescue and relief operations following the disaster that has claimed more than 390 lives.

RBI's Rate Decision, West Asia Tensions to Drive Indian Market Sentiment

RBI's Rate Decision, West Asia Tensions to Drive Indian Market Sentiment

Rediff.com2 Aug 2026

Analysts predict that the Reserve Bank of India's interest rate decision, the evolving situation in West Asia involving the US-Iran conflict, and crude oil prices will be the primary factors influencing investor sentiment in the Indian stock market this week.

Our endeavour is to bring inflation in line with target over the medium term

"Our endeavour is to bring inflation in line with target over the medium term"

Rediff.com6 Aug 2026

"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.

Trai expands 1601 number series to utilities, logistics to curb fraud

Trai expands 1601 number series to utilities, logistics to curb fraud

Rediff.com11 Aug 2026

The Telecom Regulatory Authority of India (Trai) has expanded the 1600-number series to include utilities, courier, and logistics companies, introducing the new 1601 series to help consumers identify legitimate calls and prevent widespread fraud and impersonation.

BJP's 10-point resolution condemns Cong's Vande Mataram stance

BJP's 10-point resolution condemns Cong's Vande Mataram stance

Rediff.com22 Aug 2026

The BJP has strongly condemned the Congress's decision to sing only two stanzas of Vande Mataram, vowing to protect the dignity and national status of the full version of the national song and launch a nationwide campaign to spread its significance.

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Rediff.com29 Aug 2026

IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Rediff.com29 Aug 2026

IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.

SC cracks down on cyber fraud, orders RBI SOP on mule accounts

SC cracks down on cyber fraud, orders RBI SOP on mule accounts

Rediff.com5 Aug 2026

The Supreme Court has directed the Reserve Bank of India to prepare a standard operating procedure (SOP) within four weeks to deal with bank accounts linked to cyber frauds, including mule accounts. This directive is part of a broader effort to strengthen responses to cyber-enabled financial frauds, with the court also urging states and UTs to adopt and operationalise grievance redressal and money restoration modules.

Delhi Lakshmi Yojana: Ineligibility Leads To Fund Recovery

Delhi Lakshmi Yojana: Ineligibility Leads To Fund Recovery

Rediff.com17 Aug 2026

The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.

RBI Governor Discusses Future Of Digital Payment Merchant Discount Rate

RBI Governor Discusses Future Of Digital Payment Merchant Discount Rate

Rediff.com5 Aug 2026

RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.

Lost Your Job? Protect Your Finances

Lost Your Job? Protect Your Finances

Rediff.com26 Aug 2026

List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.

Should You Fall In Developers' Flexible Payments Trap?

Should You Fall In Developers' Flexible Payments Trap?

Rediff.com12 May 2026

Deferred payment plans may come with a cost, which may not be immediately visible.

Supreme Court Orders CBI Probe into ED Allegations Against Former Indiabulls Housing Finance Promoter

Supreme Court Orders CBI Probe into ED Allegations Against Former Indiabulls Housing Finance Promoter

Rediff.com19 Aug 2026

The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.

Indian Markets Today: Sensex, Nifty Decline as Crude Hits $91

Indian Markets Today: Sensex, Nifty Decline as Crude Hits $91

Rediff.com18 Aug 2026

Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.

Does GPay/PhonePe Affect CIBIL Score?

Does GPay/PhonePe Affect CIBIL Score?

Rediff.com21 Aug 2026

It's not about how much you earn -- it's about how you borrow and repay.

India Inc's foreign borrowing intent surges to $6 billion in June

India Inc's foreign borrowing intent surges to $6 billion in June

Rediff.com7 Aug 2026

Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.

Amid global uncertainty, RBI raises GDP forecast, lowers inflation projection

Amid global uncertainty, RBI raises GDP forecast, lowers inflation projection

Rediff.com5 Aug 2026

The Reserve Bank of India has marginally increased its GDP forecast for the current fiscal to 6.7 per cent while slightly lowering the inflation projection to 5 per cent. The central bank noted that while domestic economic activity shows resilience, global turbulence, particularly re-escalating conflicts and volatile oil prices, continues to pose risks to the inflation outlook.

Telangana CM denied US trip, MEA cites 'non-conformity of norms'

Telangana CM denied US trip, MEA cites 'non-conformity of norms'

Rediff.com22 Aug 2026

Telangana Chief Minister A Revanth Reddy's planned visit to the United States has been denied political clearance by the Ministry of External Affairs (MEA), citing non-conformity with laid down norms, forcing him to cancel the US leg of his 'TelanganaRising' delegation tour and return to Hyderabad earlier than planned.

'Students India's future': Prez Murmu promises fair exams in I-Day eve address

'Students India's future': Prez Murmu promises fair exams in I-Day eve address

Rediff.com14 Aug 2026

Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.

How Technology And Innovation Will Drive India's Growth

How Technology And Innovation Will Drive India's Growth

Rediff.com15 Aug 2026

Prime Minister Narendra Modi, in his Independence Day address, highlighted technology and innovation as central to India's goal of becoming a developed nation by 2047. He called for India to lead in emerging technologies like AI, quantum computing, and space, announcing a massive AI skilling initiative for one crore youth. Modi stressed the importance of becoming a global innovation hub, bolstering energy security with nuclear power, and strengthening cybersecurity.

Why AI Agents Can't Go Fully Autonomous Yet

Why AI Agents Can't Go Fully Autonomous Yet

Rediff.com3 Aug 2026

The biggest challenge to widespread deployment is no longer AI. It is the financial and commerce infrastructure that was built decades ago for deterministic software and human interactions -- not autonomous AI agents.

RBI likely to hold rates in August, maintain hawkish tone as inflation risks persist

RBI likely to hold rates in August, maintain hawkish tone as inflation risks persist

Rediff.com2 Aug 2026

The Reserve Bank of India (RBI) is widely expected to keep its benchmark repo rate unchanged in the August monetary policy review, with economists citing elevated inflation risks and the pending closure of the FCNR(B) deposit scheme as key factors. Most anticipate a 'Neutral' policy stance but with a hawkish tone due to geopolitical tensions, high crude oil prices, and an uneven monsoon.

Lok Sabha passes bill to allow charges on UPI, digital payments

Lok Sabha passes bill to allow charges on UPI, digital payments

Rediff.com6 Aug 2026

The Lok Sabha has passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and service providers to levy charges on UPI and other electronic payment modes. This move aims to create a sustainable revenue model for the digital payments ecosystem, shifting from the current exemption of UPI transactions from such charges.

Infantino faces fresh threat ahead of FIFA election

Infantino faces fresh threat ahead of FIFA election

Rediff.com24 Aug 2026

FIFA President Gianni Infantino is campaigning for re-election by positioning himself as the advocate for less wealthy football nations, while UEFA President Aleksander Ceferin has ruled out running against him but anticipates an opposition candidate.

Q1 Earnings, West Asia Tensions, Crude Oil to Drive Market Movement This Week

Q1 Earnings, West Asia Tensions, Crude Oil to Drive Market Movement This Week

Rediff.com19 Jul 2026

Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.

Why 2 MP temples celebrated Independence Day four days early

Why 2 MP temples celebrated Independence Day four days early

Rediff.com14 Aug 2026

Two prominent temples in Madhya Pradesh, the Pashupatinath Temple in Mandsaur and the Bade Ganesh Temple in Ujjain, observed India's Independence Day on August 11, four days ahead of the national celebration. This unique tradition stems from their adherence to the Hindu calendar, specifically Shravan Krishna Chaturdashi, which corresponded to August 15, 1947, and fell on August 11 this year. Special rituals, flag hoisting, and a Tiranga Yatra marked the early celebrations.

Voice Of India Platform To Assess AI Systems For Indian Contexts

Voice Of India Platform To Assess AI Systems For Indian Contexts

Rediff.com4 Aug 2026

AI4Bharat at IIT Madras and Josh Talks AI have launched 'Voice of India', a multimodal AI evaluation platform designed to assess AI systems against Indian conditions, languages, accents, and dialects. This platform aims to provide scientifically rigorous, India-specific evaluations, covering areas like Voice AI, large language models, document processing, safety, cultural appropriateness, and Indian legal reasoning, to build trust and enable informed deployment decisions.

Govt Nods Polymer Banknote Trials for Rs 10 and Rs 20 Denominations

Govt Nods Polymer Banknote Trials for Rs 10 and Rs 20 Denominations

Rediff.com11 Aug 2026

The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

Rediff.com27 May 2026

HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.

RBI MPC members hint at rate hikes as inflation risks persist

RBI MPC members hint at rate hikes as inflation risks persist

Rediff.com20 Aug 2026

Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.

Why Messi's Kerala Visit Never Happened: Report Submitted To Govt

Why Messi's Kerala Visit Never Happened: Report Submitted To Govt

Rediff.com11 Aug 2026

The Kerala Sports Department has submitted its confidential inquiry report regarding the controversy surrounding the proposed visit of football legend Lionel Messi and the Argentina team to the state during the previous government's tenure.

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

Rediff.com15 Aug 2026

In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.

Geopolitical uncertainty, elevated crude keep Indian markets mixed; Sensex up, Nifty down

Geopolitical uncertainty, elevated crude keep Indian markets mixed; Sensex up, Nifty down

Rediff.com13 Aug 2026

Indian benchmark indices closed mixed, with the Sensex gaining 113.61 points to 78,079.96 and the Nifty falling 40.10 points to 24,395.85, as elevated crude prices and ongoing geopolitical uncertainty in the Middle East made investors cautious.

Geopolitical uncertainty, elevated crude keep Indian markets mixed; Sensex up, Nifty down

Geopolitical uncertainty, elevated crude keep Indian markets mixed; Sensex up, Nifty down

Rediff.com13 Aug 2026

Indian benchmark indices closed mixed, with the Sensex gaining 113.61 points to 78,079.96 and the Nifty falling 40.10 points to 24,395.85, as elevated crude prices and ongoing geopolitical uncertainty in the Middle East made investors cautious.

'Next 20 Years Are Very Critical For India'

'Next 20 Years Are Very Critical For India'

Rediff.com18 Aug 2026

'... to see that young people are gainfully employed. After that, it will become very difficult as we will start ageing much more rapidly.' 'We have a huge proportion of Gen Z. After 2030, every year, we will start seeing a gradual shift towards a slightly older society.'

Guess How Much DIIs Invested In Indian Equities?

Guess How Much DIIs Invested In Indian Equities?

Rediff.com1 Aug 2026

DIIs invested $22.8 billion in Indian equities in Q2CY26.