News for 'New Development Bank'

Going local for global: Bharat Global Ports to test waters at home first

Going local for global: Bharat Global Ports to test waters at home first

Rediff.com31 Mar 2025

The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.

'Sar tan se juda imagery': BJP slams Cong's gayab dig at PM

'Sar tan se juda imagery': BJP slams Cong's gayab dig at PM

Rediff.com29 Apr 2025

The picture, without naming Modi, shows a figure in saffron kurta and white churidar with its head and palms missing.

ED nabs Cong ex-MLA in Rs 500 cr scam after midnight brawl at Delhi hotel

ED nabs Cong ex-MLA in Rs 500 cr scam after midnight brawl at Delhi hotel

Rediff.com5 May 2025

The Enforcement Directorate (ED) arrested former Haryana Congress MLA Dharam Singh Chhoker from a five-star hotel in Delhi following a brief scuffle. Chhoker, along with his sons, is accused of defrauding over 1,500 homebuyers and siphoning off over Rs 500 crore through their real-estate companies. The ED had been seeking Chhoker's presence in the investigation since May 2022. The politician was caught at the Grappa Bar of the Shangri-La hotel on Ashoka Road. He is currently in ED custody for six days.

Check Margins To Choose Right Tax Regime

Check Margins To Choose Right Tax Regime

Rediff.com29 May 2025

Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.

Securities market fraud: How to avoid being misled

Securities market fraud: How to avoid being misled

Rediff.com30 Apr 2025

The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.

RBI Guv hints at more rate cuts in coming months

RBI Guv hints at more rate cuts in coming months

Rediff.com9 Apr 2025

After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Rediff.com22 May 2025

For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.

IMF imposes 11 new conditions on Pak, warns against tensions with India

IMF imposes 11 new conditions on Pak, warns against tensions with India

Rediff.com18 May 2025

The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme and warned that tensions with India could heighten risks to the scheme's fiscal, external, and reform goals, according to a media report on Sunday.

Adani in advance talks to acquire Emaar India

Adani in advance talks to acquire Emaar India

Rediff.com20 Mar 2025

Billionaire Gautam Adani's group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around $1.4-1.5 billion as it looks to expand its property business, according to sources. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and invested Rs 8,500 crore through the joint venture firm Emaar MGF Land.

The Harsh Reality For Wayanad Survivors

The Harsh Reality For Wayanad Survivors

Rediff.com27 Mar 2025

In Kerala's society, known for its high material standard of living, plunging into a state of having nothing overnight can be terrible for one's social standing and sense of self-esteem. Rehabilitation entails piecing a community back together after a disturbance and while its aim is noble, the act of reassembling will bring alive disparities and inequalities, explains Shyam G Menon.

How the markets will fare this week

How the markets will fare this week

Rediff.com4 May 2025

The US Fed interest rate decision, trading activity of foreign investors and quarterly earnings from corporates would largely drive the momentum in the equity market this week, analysts said. Escalating tensions between India and Pakistan over the Pahalgam terror attack will also remain on investors' radar, they added.

How India can become a high-income country by 2047

How India can become a high-income country by 2047

Rediff.com28 Feb 2025

India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.

Govt announces new Fund of Funds scheme with Rs 10k cr corpus for startups

Govt announces new Fund of Funds scheme with Rs 10k cr corpus for startups

Rediff.com1 Feb 2025

The government on Saturday announced a host of measures such as setting up of a new Fund of Funds Scheme (FFS) with Rs 10,000 crore corpus; and extension of period of incorporation by five years with a view to promote growth of budding entrepreneurs.

Huge prize pot for revamped Club World Cup champions

Huge prize pot for revamped Club World Cup champions

Rediff.com26 Mar 2025

Numerous players and coaches, including England captain Harry Kane, have voiced concern over player welfare with the revamped Club World Cup meaning less time off between seasons.

'Pakistan Can't Sustain A Long War'

'Pakistan Can't Sustain A Long War'

Rediff.com6 May 2025

'Pakistan is economically very weak and will not be able to sustain a war for long.'

Hundreds cross Bhagirathi river to flee Murshidabad violence

Hundreds cross Bhagirathi river to flee Murshidabad violence

Rediff.com14 Apr 2025

Several areas in Muslim-majority Murshidabad, including Suti, Dhulian, Jangipur and Shamsherganj, have witnessed violent protests against the Waqf (Amendment) Act that spiralled into communal violence, sparking the exodus.

India Is A Good Neighbour. Find Out Why

India Is A Good Neighbour. Find Out Why

Rediff.com10 Apr 2025

India's disaster relief assistance has increased substantially in recent years, from Rs 1.60 crore in FY23 to Rs 41.18 crore in FY24, and Rs 27.88 cr in FY25 (until January 2025).

Shami's sister, relatives implicated in alleged MNREGA fraud

Shami's sister, relatives implicated in alleged MNREGA fraud

Rediff.com3 Apr 2025

A district-level investigation has named several individuals, including relatives of India cricketer Mohammed Shami.

'Bad Idea To Buy In Overheated Market?'

'Bad Idea To Buy In Overheated Market?'

Rediff.com14 Apr 2025

Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

'Votebank ka virus': Modi slams Cong for opposing new Waqf law

'Votebank ka virus': Modi slams Cong for opposing new Waqf law

Rediff.com14 Apr 2025

Modi alleged that the Congress government in Karnataka gave reservations in tenders based on religion, "snatching the rights of SCs, STs and OBCs." But Ambedkar had said there would not be reservation based on religion and there is a bar on giving reservation on the basis of religion in the Constitution, he stressed.

How Tamil Nadu Is Becoming A Global Hub

How Tamil Nadu Is Becoming A Global Hub

Rediff.com2 Apr 2025

After Chennai, it is Coimbatore, Madurai, and Tiruchirappalli, that are emerging as manufacturing hubs. Coimbatore is India's top Tier-II city in terms of the number of GCCs, according to a report by Cushman & Wakefield.

After UPI and ULI, banks to set up Unified Recovery Interface

After UPI and ULI, banks to set up Unified Recovery Interface

Rediff.com9 Sep 2024

Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).

Lessons For Start Ups From UPI Success Story

Lessons For Start Ups From UPI Success Story

Rediff.com14 Apr 2025

Isn't there something significant in the UPI example for all of us to learn from and execute to enable world-scale success for our startups?, asks Ajit Balakrishnan.

'Olympians won't fill forms anymore'

'Olympians won't fill forms anymore'

Rediff.com24 Apr 2025

India's Sports Minister Mansukh Mandaviya launched the Digilocker facility for athletes, making it mandatory for national federations to digitise certificates and other essential documents of sportspersons within the next year. The initiative, launched in the presence of representatives from 40 National Sports Federations, aims to ensure hassle-free record-keeping and prevent exploitation of athletes. The cloud-based platform, developed by Digital India Corporation (DIC), allows for storage and verification of documents. The ministry has also announced that physical certificates will no longer be considered valid after one year.

'Randeep Hasn't Had It Easy But...'

'Randeep Hasn't Had It Easy But...'

Rediff.com11 May 2025

'He surprised us by telling us he wanted to make a career in acting.' 'We were scared since we knew nothing of this profession but then, he landed a role in Mira Nair's Monsoon Wedding.' 'After seeing him holding his own on screen, we decided to let the boy pursue his passion.'

'U-turn' vs 'game changer': Caste census sparks war of words

'U-turn' vs 'game changer': Caste census sparks war of words

Rediff.com1 May 2025

Caste census politics took centre stage on Thursday with the Congress terming the government's decision as a 'diversionary tactic' and a move for headlines management and the Bharatiya Janata Party saying it has exposed the difference between the Centre's 'true intentions' and the 'empty sloganeering' of the opposition party.

SC judges make assets public, CJI owns 2015 Maruti Swift

SC judges make assets public, CJI owns 2015 Maruti Swift

Rediff.com6 May 2025

The Supreme Court of India has made public the asset details of its judges, including Chief Justice Sanjiv Khanna who has Rs 55.75 lakh in a fixed deposit, a three-bedroom DDA flat in south Delhi, and a four-bedroom apartment measuring 2,446 square feet in the Commonwealth Games Village. The court has also uploaded the complete process of appointments to the high courts and the Supreme Court on its website for public awareness.

'As Tunnels Increase We See More Incidents'

'As Tunnels Increase We See More Incidents'

Rediff.com7 Mar 2025

'Balancing tunnel developments with ecological realities is a major challenge and, when overlooked, can contribute to mishaps.'

How the markets will fare this week

How the markets will fare this week

Rediff.com16 Mar 2025

The US Fed interest rate decision, global trends, tariff-related developments and trading activity of foreign investors will drive the equity market movement this week, analysts said. Among macroeconomic data announcement, WPI inflation for February is scheduled to be announced on Monday.

Startups face I-T department heat over funding through Singapore

Startups face I-T department heat over funding through Singapore

Rediff.com24 Apr 2025

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.

'TN should compete with US, China, and not Indian states'

'TN should compete with US, China, and not Indian states'

Rediff.com26 Mar 2025

'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'

How to Apply For SBI Youth For India Fellowship

How to Apply For SBI Youth For India Fellowship

Rediff.com10 Mar 2025

As a part of the SBI Fellowship programme, youngsters aged between 21 and 32 years get to work with NGOs on several projects in rural India.

Maha transfers Rs 17,505 cr to 2.38 cr women under Ladki Bahin scheme

Maha transfers Rs 17,505 cr to 2.38 cr women under Ladki Bahin scheme

Rediff.com7 Mar 2025

The Maharashtra government has transferred Rs 17,505.90 crore into the bank accounts of 2.38 crore women beneficiaries under its Ladki Bahin Yojana till December 2024, in the first five months after the scheme was launched. The scheme, launched in August 2024, provides financial assistance of Rs 1,500 per month to eligible women. The objective of the scheme is to promote employment and economic development by providing adequate facilities to women and girls in the age group 21 to 65 years. The scheme aims to promote the empowerment of women and girls and improve the health and nutritional status of women and children dependent on them.

'Indian Markets Could Outperform'

'Indian Markets Could Outperform'

Rediff.com5 Apr 2025

'If the US stagnates and falls into a recession, the dollar will weaken, oil prices will also dip. This augurs well for India.'

Modi will sell off India and go: Kharge's dig at PM in Gujarat

Modi will sell off India and go: Kharge's dig at PM in Gujarat

Rediff.com9 Apr 2025

Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.

Has US Averted India-Pakistan War?

Has US Averted India-Pakistan War?

Rediff.com2 May 2025

The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.

Flexible office space growth set to trigger IPO wave

Flexible office space growth set to trigger IPO wave

Rediff.com9 Apr 2025

India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.

'There's A Kind Of Beauty In India'

'There's A Kind Of Beauty In India'

Rediff.com16 May 2025

'In India no matter your lifestyle, you will end up doing the same things as everybody else.'

Jayant Narlikar: A Voice That Lit The Cosmos

Jayant Narlikar: A Voice That Lit The Cosmos

Rediff.com22 May 2025

'When Dr Murli Manohar Joshi wanted to start a course on astrology, Jayant was the first one to have the courage to stand up and say astrology is not science.' 'That's a very rare quality -- to stand up to authority.'