News for 'New Development Bank'

Verdict in defamation case against Rahul Gandhi on Oct 26

Verdict in defamation case against Rahul Gandhi on Oct 26

Rediff.com4 days ago

An MP-MLA court in Sultanpur has set October 26 as the date to pronounce its verdict in a defamation case against Rahul Gandhi. The case stems from alleged objectionable remarks made by Gandhi against then BJP president Amit Shah in 2018. Gandhi is required to appear in court on the verdict day.

Enforcement Directorate Intensifies Money Laundering Probe In Kolkata

Enforcement Directorate Intensifies Money Laundering Probe In Kolkata

Rediff.com5 days ago

The Enforcement Directorate conducted raids at eight locations in Kolkata on Monday morning as part of an ongoing money laundering investigation. The searches targeted premises in Tollygunge and Sarat Bose Road, focusing on suspected financial fraud and the collection of funds from the public with promises of high returns, with money allegedly routed to real estate and other ventures.

India to release AI regulation consultation paper within 30 days, says Vaishnaw

India to release AI regulation consultation paper within 30 days, says Vaishnaw

Rediff.com9 Oct 2026

Union Minister Ashwini Vaishnaw announced that the Indian government will release a draft consultation paper on Artificial Intelligence (AI) regulations within the next 30 days, focusing on safety, a human-first approach, skilling, inclusivity, and harm restriction.

Pressure on current account is a temporary problem, says RBI Governor

"Pressure on current account is a temporary problem," says RBI Governor

Rediff.com8 Oct 2026

"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.

FCNR(B) funds find a runway ahead of festival season-led credit demand

FCNR(B) funds find a runway ahead of festival season-led credit demand

Rediff.com25 Sep 2026

RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.

Nifty gains on Brent crude pullback, but analysts warn of continued volatility

Nifty gains on Brent crude pullback, but analysts warn of continued volatility

Rediff.com6 Oct 2026

Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.

Jio Platforms charts capex-light 6G strategy, eyes global expansion

Jio Platforms charts capex-light 6G strategy, eyes global expansion

Rediff.com1 days ago

Jio Platforms (JPL) is preparing a capex-light strategy to commercially launch 6G services in the early 2030s through software upgrades, rather than fresh infrastructure investments, according to Akash Ambani, managing director of JPL.

'Every penny must reach temple treasury': SC on Banke Bihari donations

'Every penny must reach temple treasury': SC on Banke Bihari donations

Rediff.com26 Aug 2026

The Supreme Court has issued a directive for the Shri Banke Bihari Temple in Vrindavan, mandating that all donations must be deposited into official donation boxes or the online temple treasury. This comes amidst serious allegations of sevayats siphoning off funds and obstructing online donation methods, highlighting the need for a transparent mechanism in temple management.

When poll panel rift spilled into the open

When poll panel rift spilled into the open

Rediff.com23 Sep 2026

The article details a history of internal disagreements among Election Commissioners in India, highlighting instances from 1993 to the present, including clashes between CECs and commissioners over various issues like removal recommendations, dissent notes, and affidavits, culminating in recent objections regarding voter list revisions.

CCAvenue Brings Apple Pay To Its Merchant Network

CCAvenue Brings Apple Pay To Its Merchant Network

Rediff.com30 Sep 2026

Apple Pay has officially launched in India, integrating with CCAvenue and partnering with Axis Bank to bring secure and convenient mobile payment solutions to millions of iPhone, iPad, and Apple Watch users across a vast network of merchants.

Is CSK Watching This West Indies Power-Hitter? Meet Quentin Sampson

Is CSK Watching This West Indies Power-Hitter? Meet Quentin Sampson

Rediff.com5 days ago

Guyanese batter Quentin Sampson, known for his aggressive power-hitting, is attracting attention from IPL franchises, with Chennai Super Kings reportedly among those watching him ahead of the 2027 auction, following his impressive cameo against India.

How Much Did FPIs Sell In September?

How Much Did FPIs Sell In September?

Rediff.com8 Oct 2026

They had bought Rs 29,631 crore worth of shares in August.

'We Don't Want Any Country To Use BRICS To Further Their Geopolitical Agenda'

'We Don't Want Any Country To Use BRICS To Further Their Geopolitical Agenda'

Rediff.com12 Sep 2026

In recent years, China and Russia have pushed for de-dollarisation within BRICS, which India has resisted. One reason is that India does not want to hurt its relationship with the United States, and another is the fear of China controlling trade because the renminbi is considered the strongest currency in the bloc today.

Drought: Is Maharashtra Growing The Wrong Crops?

Drought: Is Maharashtra Growing The Wrong Crops?

Rediff.com1 days ago

'Nearly two-thirds of Maharashtra has been drought-prone on and off, and climate change is making it worse.'

Gurugram Woman Held For Extorting Rs 90 Lakh Via Dating App Blackmail

Gurugram Woman Held For Extorting Rs 90 Lakh Via Dating App Blackmail

Rediff.com6 Oct 2026

A woman in Gurugram was arrested for allegedly blackmailing a man she met on a dating app, extorting approximately Rs 90 lakh by threatening to file a false rape case. Police set a trap and apprehended her while she was accepting an additional Rs 50,000.

India To Unveil AI Regulation Paper Soon

India To Unveil AI Regulation Paper Soon

Rediff.com8 Oct 2026

IT Minister Ashwini Vaishnaw announced that the Indian government will release a consultation paper on AI regulations within a month. This framework will address critical aspects like AI safety, deepfakes, and a human-first approach, emphasising the industry's primary responsibility in ensuring safe AI deployment. The move comes amidst growing global concerns over AI risks and the need for robust safeguards.

Mumbai Homebuyer Fraud: CBI Files Fresh Chargesheet Against Builders

Mumbai Homebuyer Fraud: CBI Files Fresh Chargesheet Against Builders

Rediff.com28 Sep 2026

The CBI has filed its 21st chargesheet in an alleged homebuyer fraud case related to the 'Acme Boulevard' housing project in Mumbai. Five former promoters/directors of Acme Realties Private Limited and Acme Housing India Private Limited are accused of inducing homebuyers through false assurances and fraudulent representations. The agency is also investigating 32 other similar cases involving various builder companies and financial institutions.

Crude oil, West Asia developments, inflation data to dictate market trends this week

Crude oil, West Asia developments, inflation data to dictate market trends this week

Rediff.com9 Aug 2026

Analysts predict that crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data will be the primary drivers of the Indian stock market this week, alongside foreign investor activity and domestic quarterly earnings.

Chandrasekaran: Energy Security, Advanced Manufacturing Jobs 'Critical' for India's Long-Term Growth

Chandrasekaran: Energy Security, Advanced Manufacturing Jobs 'Critical' for India's Long-Term Growth

Rediff.com5 Oct 2026

Tata Sons Chairman N Chandrasekaran affirmed India's robust economic position amidst global uncertainty, emphasising that energy security, advanced manufacturing jobs, and investment in human capital are 'critical' for sustaining the nation's long-term growth.

Rising US Bond Yields Pressure on Indian Equities, FPIs Withdraw Capital

Rising US Bond Yields Pressure on Indian Equities, FPIs Withdraw Capital

Rediff.com5 Oct 2026

Rising bond yields in the US and other advanced economies are making it increasingly difficult for Indian equities to attract foreign portfolio investors (FPIs), leading to pressure on valuations and potentially lower returns for domestic investors.

India's BoP pressure to remain a challenge, says Chief Economic Advisor

India's BoP pressure to remain a challenge, says Chief Economic Advisor

Rediff.com25 Sep 2026

India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.

Online Shopping Scams: How To Stay Safe

Online Shopping Scams: How To Stay Safe

Rediff.com3 days ago

Fake web sites, counterfeit goods, bogus delivery charges and fraudulent customer support agents are common warning signs.

Andhra Pradesh, PNB Launch Quantum Finance Hub For Banking Innovation

Andhra Pradesh, PNB Launch Quantum Finance Hub For Banking Innovation

Rediff.com23 Jul 2026

Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.

Iranian President urges BRICS to end Western dominance

Iranian President urges BRICS to end Western dominance

Rediff.com13 Sep 2026

Iranian President Masoud Pezeshkian urged BRICS nations to expand trade in national currencies and build an inclusive global economic framework. He criticised "unilateral sanctions" by Western powers, stating they make emerging economies vulnerable and impact global food security. Pezeshkian emphasised BRICS' role in creating a balanced world order and highlighted Iran's geopolitical and energy capacities for cooperation.

IBM India MD Highlights India's Pivotal Role In Shaping AI Future

IBM India MD Highlights India's Pivotal Role In Shaping AI Future

Rediff.com4 days ago

IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that "when India builds, it builds for billions," leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of "digital swaraj" or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.

Xi calls on BRICS countries to help end war in West Asia

Xi calls on BRICS countries to help end war in West Asia

Rediff.com12 Sep 2026

Chinese President Xi Jinping addressed the BRICS summit, urging the bloc to play a significant role in achieving peace and tranquillity in West Asia and the Gulf region. He highlighted BRICS' growth over two decades, its efforts in tackling global challenges, and its steadfastness in safeguarding the interests of the Global South. Xi called for opposing the Cold War mentality, strengthening multilateralism, and promoting cooperation in emerging domains like AI, as China prepares to chair the next summit.

How SBI Is Revolutionising Small Business Lending With UPI Data

How SBI Is Revolutionising Small Business Lending With UPI Data

Rediff.com11 Sep 2026

State Bank of India (SBI) is developing an innovative solution to assess the creditworthiness of small businesses lacking GST registration by utilising UPI transaction data. This initiative aims to provide end-to-end digital loans within a day, addressing the financial exclusion of many small enterprises.

Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion

Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion

Rediff.com4 Oct 2026

Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.

Amid some bumps, outlook positive for Tata Capital

Amid some bumps, outlook positive for Tata Capital

Rediff.com29 Sep 2026

Tata Capital remains confident in its 23-25 per cent growth guidance, driven by strong momentum in Retail and SME segments, despite facing pressures from rising funding costs and potential impacts from new RBI regulations on revolving credit.

Karnataka Government Urges Stronger BFSI And FinTech Partnerships

Karnataka Government Urges Stronger BFSI And FinTech Partnerships

Rediff.com7 Oct 2026

The Government of Karnataka has called for enhanced collaboration with the BFSI and FinTech sectors to bolster its technology ecosystem and accelerate the adoption of innovative solutions. This initiative, discussed at an Industry Meet, aims to foster partnerships between government, industry, and academia, particularly through programmes like 'Government First', in preparation for the Bengaluru Tech Summit 2026.

'Every Time The Rains Fail, We Talk About Drought; By Next June We Have Forgotten About It'

'Every Time The Rains Fail, We Talk About Drought; By Next June We Have Forgotten About It'

Rediff.com2 days ago

'Without that one critical irrigation, the entire crop can be lost.'

'Nana Patekar Got Milder With Age'

'Nana Patekar Got Milder With Age'

Rediff.com2 days ago

'Nana left Mumbai, its luxuries and all the roles he could have played, and moved to Pune, where he lived like a farmer.'

Noel Tata: We Hope RBI Will Find Common Ground With Us

Noel Tata: We Hope RBI Will Find Common Ground With Us

Rediff.com30 Sep 2026

Listing, according to Noel Tata, will fundamentally change how the company and the group have been working over the past 150 years.

HDFC Bank board to soon appoint CEO: Deputy MD

HDFC Bank board to soon appoint CEO: Deputy MD

Rediff.com20 Jul 2026

HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.

WOMEN INTERRUPTED: Building Bridges For Women To Return To The Workplace

WOMEN INTERRUPTED: Building Bridges For Women To Return To The Workplace

Rediff.com7 Oct 2026

A career break does not erase the experience that came before it. But the labour market can act as though it does. The more women invest in building professional careers, the more costly an interruption can become. How, then, do we enable women to make a comeback? Whose responsibility is it? asks Radha Roy Biswas.

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.

Eyes Review: Good Intentions, Mixed Impact

Eyes Review: Good Intentions, Mixed Impact

Rediff.com9 Oct 2026

Eyes tackles the serious issue of stalking and toxic relationships with a talented cast and a worthy premise, but its loose pacing and underdeveloped characters stop it from becoming the gripping procedural it could have been.

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Rediff.com3 Aug 2026

Several Indian real estate companies, including BPTP Ltd and Smartworld Developers, are rethinking or shelving their initial public offering (IPO) plans, which were expected to raise around 15,000 crore, due to weaker housing demand, higher costs, and a more cautious investment climate.

TakeMe2Space's PowerBank-50 Earns Flight Heritage

TakeMe2Space's PowerBank-50 Earns Flight Heritage

Rediff.com31 Jul 2026

'PowerBank-50 is now space proven, made in India, and ready for every satellite builder in the world.'

Tata Sons listing looms after RBI rejects plea on NBFC status

Tata Sons listing looms after RBI rejects plea on NBFC status

Rediff.com12 Sep 2026

The Reserve Bank of India (RBI) has rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, a decision that mandates a public markets listing for the conglomerate's holding company as it is classified as an upper-layer NBFC.