News for 'New Development Bank'

Gulf War: India Is In A Catch-22 Situation

Gulf War: India Is In A Catch-22 Situation

Rediff.com23 Mar 2026

India's handling of the Iran crisis reflects a growing strain between strategic autonomy and geopolitical alignment, observes Ambassador M K Bhadrakumar.

Shaheed Diwas 2026: PM Modi Leads Tribute to Bhagat Singh, Rajguru and Sukhdev

Shaheed Diwas 2026: PM Modi Leads Tribute to Bhagat Singh, Rajguru and Sukhdev

Rediff.com23 Mar 2026

Shaheed Diwas 2026: India observes Martyrs' Day on March 23, marking 95 years since Bhagat Singh, Rajguru and Sukhdev were hanged by the British in 1931. PM Modi leads tributes. History, significance, quotes and how the nation is remembering the martyrs today.

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

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

Rediff.com26 Feb 2026

'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.com25 Feb 2026

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.

Bank loan books report healthy growth in Q2

Bank loan books report healthy growth in Q2

Rediff.com31 Oct 2025

The pickup was driven partly by fresh corporate investment but more by higher working-capital demand.

Iran's Consul-General: 'We Hold The Upper Hand'

Iran's Consul-General: 'We Hold The Upper Hand'

Rediff.com21 Mar 2026

'Despite the large number of missiles and drones we have already launched, we still possess reserves and missile cities whose doors have not yet been opened,' says Iran's Consul-General Saeid Reza Mosayeb Motlagh.

Ramping up domestic LPG production to ensure supply: Sitharaman

Ramping up domestic LPG production to ensure supply: Sitharaman

Rediff.com17 Mar 2026

Finance Minister Nirmala Sitharaman announces increased domestic LPG production to offset import disruptions caused by Middle East tensions, alongside assurances of fertiliser availability and the clearing of UPA-era oil bonds.

'You End Up Firefighting': Finance Minister

'You End Up Firefighting': Finance Minister

Rediff.com26 Feb 2026

'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.'

Eid celebrated in India with prayers, protests

Eid celebrated in India with prayers, protests

Rediff.com21 Mar 2026

Eid al-Fitr was celebrated across India with prayers for peace and brotherhood, alongside protests condemning US-Israel actions in West Asia.

IDBI to buy 10% equity in Nepal Development Bank

IDBI to buy 10% equity in Nepal Development Bank

Rediff.com8 Jul 2003

The Industrial Development Bank of India will acquire 10 per cent equity stake in the Nepal Development Bank Ltd, a private sector bank based in Kathmandu.

Govt moves to shield trade as Iran war chokes sea routes

Govt moves to shield trade as Iran war chokes sea routes

Rediff.com5 Mar 2026

With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.

Rate Cut effect: PFC, Sidbi plan to raise Rs 11,000 crore from bond market

Rate Cut effect: PFC, Sidbi plan to raise Rs 11,000 crore from bond market

Rediff.com8 Dec 2025

Activity in the corporate bond market is set to gain momentum following a 25-bp policy repo rate cut by the rate-setting panel of the Reserve Bank of India (RBI). State-owned public cebPower Finance Corporation (PFC) and Small Industries Development Bank of India (Sidbi) are planning to raise up to Rs 11,500 crore through bonds on Tuesday as issuers expect borrowing costs to ease.

Smallcap Segment Is Volatile

Smallcap Segment Is Volatile

Rediff.com12 Mar 2026

'Except for extremely conservative investors, others can consider allocating 10 to 20 per cent of their portfolio to small caps.'

At $4.18 tn, India overtakes Japan as 4th largest economy, says govt

At $4.18 tn, India overtakes Japan as 4th largest economy, says govt

Rediff.com30 Dec 2025

India's real GDP grew 8.2 percent in the second quarter of 2025-26, up from 7.8 percent in the first quarter and 7.4 percent in the fourth quarter of the last fiscal.

GESDA and CERN Partner to Ensure Quantum Computing Accessibility for All

GESDA and CERN Partner to Ensure Quantum Computing Accessibility for All

Rediff.com7 Mar 2026

The Open Quantum Institute, a joint initiative by GESDA and CERN, aims to ensure that quantum computing is accessible to all when it becomes widely available, fostering global collaboration and capacity building.

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

India to head BRICS' $100 billion development bank

India to head BRICS' $100 billion development bank

Rediff.com16 Jul 2014

The BRICS Summit tonight decided to establish the new development bank with an initial authorised capital of $100 billion.

West Bengal elections: BJP, Left put out first list; Suvendu to take on Mamata again

West Bengal elections: BJP, Left put out first list; Suvendu to take on Mamata again

Rediff.com16 Mar 2026

The BJP has released its first list of candidates for the West Bengal assembly polls, featuring Suvendu Adhikari against Mamata Banerjee in a high-stakes electoral battle. The Left Front has also announced its initial list of candidates, setting the stage for a crucial election.

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.com20 Feb 2026

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.

Trump's Pause Gives Iran NOTHING!

Trump's Pause Gives Iran NOTHING!

Rediff.com25 Mar 2026

The pause gives the US time to breathe, to regroup, to move its expeditionary force into position without risk of interception along the way. It gives Iran nothing -- on the ground, attacks against its infrastructure continue apace. Prem Panicker in his must read daily blog on the Gulf War.

HDFC Bank doesn't see AI leading to layoffs: CEO

HDFC Bank doesn't see AI leading to layoffs: CEO

Rediff.com19 Oct 2025

The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leading to any layoffs, a top company official has said.

Inflation may stay benign: RBI deputy guv

Inflation may stay benign: RBI deputy guv

Rediff.com25 Feb 2026

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.

RBI Eyes Zero-Fraud Payments

RBI Eyes Zero-Fraud Payments

Rediff.com10 Jan 2026

The amount involved in banking system frauds surged to Rs 21,515 crore in the first half of FY26, up 30 per cent from the same period last year, even as the number of frauds fell 2.8 times to 5,092.

World Bank raises India's growth projection to 6.5% for 2025-26

World Bank raises India's growth projection to 6.5% for 2025-26

Rediff.com7 Oct 2025

The World Bank on Tuesday raised India's growth forecast for the current fiscal to 6.5 per cent from 6.3 per cent estimated earlier, and said the country is expected to remain fastest-growing major economy, underpinned by continued strength in consumption growth.

Macron calls for India-France push on responsible AI

Macron calls for India-France push on responsible AI

Rediff.com19 Feb 2026

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.

Public NBFCs eye Rs 24K cr via bonds

Public NBFCs eye Rs 24K cr via bonds

Rediff.com22 Nov 2025

Ahead of the Reserve Bank of India's (RBI's) monetary policy review in the first week of December, major public sector non-banking financial companies (NBFCs) - the National Bank for Agriculture and Rural Development (Nabard), Small Industries Development Bank of India (Sidbi), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC) - plan to raise up to Rs 24,000 crore together through bond issuancesk.

At least 2 Indian banks should be in global top 20: PSB chiefs

At least 2 Indian banks should be in global top 20: PSB chiefs

Rediff.com30 Oct 2025

Batting for further consolidation in public sector banking, the executives of top public sector banks (PSBs) said there should be at least two Indian banking entities among the top 20 global banks.

2025 Marks India's Arrival As A Great Power

2025 Marks India's Arrival As A Great Power

Rediff.com26 Jan 2026

In a world fractured by uncertainty, India stands out for its policy consistency, paired with sustained ambition, points out Pritam Banerjee.

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.'

How the Open Quantum Institute Plans to Make Quantum Computing Accessible to All

How the Open Quantum Institute Plans to Make Quantum Computing Accessible to All

Rediff.com7 Mar 2026

The Open Quantum Institute (OQI), a joint initiative by Geneva Science and Diplomacy Anticipator (GESDA) and CERN, aims to ensure equitable access to quantum computing when it becomes widely available, fostering international cooperation and addressing societal implications.

Govt has infused over Rs 3,100 cr in women-led startups in 6 years

Govt has infused over Rs 3,100 cr in women-led startups in 6 years

Rediff.com22 Dec 2025

The government has infused over Rs 3,100 crore into women-led startups over the past six years, through its three schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to boost female entrepreneurship across the country, according to an update shared by the Ministry of Commerce and Industry.

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.

Defamation case: Rahul records statement in UP court

Defamation case: Rahul records statement in UP court

Rediff.com20 Feb 2026

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.

'Worst Gulf Crisis For Migrants In 50 Years'

'Worst Gulf Crisis For Migrants In 50 Years'

Rediff.com6 Mar 2026

'In India, there is this first generation migrant, say from a small village in UP. He didn't go to the Gulf to buy a big house but make the life of his family better.' 'He may have paid 1 lakh rupees to an agent to go to the Gulf. Imagine what will happen to him and his family if he has to come back. He and his family will become poor again.' 'He went to the Gulf to come out of poverty, but this war will make his family trapped in poverty once again.'

High cost of capital constraining private investment, growth

High cost of capital constraining private investment, growth

Rediff.com30 Jan 2026

India's high cost of capital due to relatively shallow corporate bond markets, limited institutional investor depth, sovereign risk premia, and regulatory restrictions on capital flows, is a constraint on private investment and long-run growth, the Economic Survey, authored by Chief Economic Advisor (CEA) V Anantha Nageswaran, said.

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Rediff.com23 Sep 2025

Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.

How BSE, NSE will likely perform this week

How BSE, NSE will likely perform this week

Rediff.com25 Jan 2026

Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said.

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.

Modi raises Sabarimala gold theft in mega Kerala rally

Modi raises Sabarimala gold theft in mega Kerala rally

Rediff.com23 Jan 2026

Prime Minister Narendra Modi attacked the ruling Left and Congress in Kerala, raising the Sabarimala gold loss issue and accusing the Congress of aligning with hardline elements. He urged voters to choose the BJP for development and good governance.

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

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

Rediff.com22 Feb 2026

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.