News for 'New Development Bank'

Infosys opens development centre in Gift City with 1,000-employee capacity

Infosys opens development centre in Gift City with 1,000-employee capacity

Rediff.com8 Jun 2025

Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to develop solutions for global Banking, Financial Services, and Insurance (BFSI) clients.

Rupee sees worst single-day fall in 2 months on importer dollar demand

Rupee sees worst single-day fall in 2 months on importer dollar demand

Rediff.com17 Jan 2026

The rupee witnessed its worst single-day decline in around two months since November 21, 2025, due to demand for dollars among importers, said dealers. The maturing short positions in the non-deliverable forwards market further weighed on the local currency.

Realty moves to the core of conglomerates' biz strategy

Realty moves to the core of conglomerates' biz strategy

Rediff.com21 Jan 2026

India's leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver. Supported by strong balance sheets, established brands and access to long-term capital, major business houses including Aditya Birla, Tata, Godrej, L&T, Raymond, Wadia, Shapoorji Pallonji, Mahindra and Adani are positioning realty as a strategic pillar within their diversified portfolios.

Ex-bus conductor, paediatrician among 45 Padma Shri 'unsung heroes'

Ex-bus conductor, paediatrician among 45 Padma Shri 'unsung heroes'

Rediff.com25 Jan 2026

India announces Padma Shri awards for 45 individuals, recognizing 'unsung heroes' like a former bus conductor who created the world's largest free library and a pediatrician who established Asia's first human milk bank.

SC stalls UP govt's Banke Bihari temple corridor plan

SC stalls UP govt's Banke Bihari temple corridor plan

Rediff.com4 Aug 2025

The Supreme Court has put on hold the Uttar Pradesh government's plan to develop the Shri Banke Bihari Temple Corridor in Vrindavan, citing a lack of consultation with key stakeholders. The court questioned the state's approach and the urgency of enacting an ordinance to take over the temple's management.

'Budget Likely To Be Non-Event For Markets'

'Budget Likely To Be Non-Event For Markets'

Rediff.com31 Jan 2026

'When markets go into a budget with excessive optimism, the risk of disappointment is higher.'

Banke Bihari temple panel challenges UP shrine control ordinance in SC

Banke Bihari temple panel challenges UP shrine control ordinance in SC

Rediff.com27 Jul 2025

The committee said the Uttar Pradesh government did not file appeals against the high court's November 8, 2023 order and instead, an impleadment application was filed in the pending plea before the top court.

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

Rediff.com20 Dec 2025

Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.

Oyo-parent Prism files IPO papers with Sebi; eyes Rs 6,650 cr via issue

Oyo-parent Prism files IPO papers with Sebi; eyes Rs 6,650 cr via issue

Rediff.com31 Dec 2025

Prism, the parent firm of global travel tech unicorn Oyo, has filed preliminary papers with market regulator Sebi to raise Rs 6,650 crore through an initial public offering (IPO) using a confidential route, people familiar with the development said on Wednesday.

'Ajit Dada Made Everyone Feel Heard'

'Ajit Dada Made Everyone Feel Heard'

Rediff.com30 Jan 2026

'While many politicians speak of development, Dada worked hard for it.' 'He realised that politics wasn't about power or politics -- it was about service to the people.'

Trump Is Caught Between Two Bad Options

Trump Is Caught Between Two Bad Options

Rediff.com16 Mar 2026

Fight on toward goals that keep receding, or exit with most objectives unmet. Trump is agitated, his poll numbers falling below the Plimsoll line, his base fractured between those who back the war and those who remember that he campaigned on ending them.

Govt urges banks to close inoperative Jan Dhan accounts

Govt urges banks to close inoperative Jan Dhan accounts

Rediff.com7 Jul 2025

State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.

STT hike on Futures drags markets down; Sensex crashes 1,547 points

STT hike on Futures drags markets down; Sensex crashes 1,547 points

Rediff.com1 Feb 2026

Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives. Reversing the early gains, the 30-share BSE Sensex plunged sharply by 2,370.36 points or 2.88 per cent to slide below the 80,000-mark at 79,899.42 in afternoon trade as the finance minister announced a hike in STT on futures contracts to 0.05 per cent from the current 0.02 per cent.

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

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

Rediff.com22 Feb 2026

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.

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Rediff.com28 Jan 2026

'The trade deficit in some sectors is huge and that is an area of opportunity to localise.'

'Equity Market Poised For Comeback In 2026'

'Equity Market Poised For Comeback In 2026'

Rediff.com14 Jan 2026

'The bigger unknown remains global geopolitics, which is inherently unpredictable, including developments in our neighbourhood.' 'Another concern is the increasing tilt of government finances towards welfare subsidies, especially at the state level.' 'This could constrain capital expenditure, which is critical for long-term growth.'

16th India-EU summit today; trade, security, defence on agenda

16th India-EU summit today; trade, security, defence on agenda

Rediff.com27 Jan 2026

Over the years, India-EU ties have grown, and covered trade, investment, climate change, science and technology, space, digital, mobility, and connectivity.

SFIO questions IndusInd execs on accounting discrepancies

SFIO questions IndusInd execs on accounting discrepancies

Rediff.com20 Dec 2025

Private-sector lender IndusInd Bank had said the Serious Fraud Investigation Office (SFIO) interacted with its officials this week and would send a written communication seeking specific details related to the accounting discrepancies identified at the bank.

Biker death: Sub-contractor held for failing to report fall

Biker death: Sub-contractor held for failing to report fall

Rediff.com7 Feb 2026

Delhi government suspends officials suspected of negligence after a motorcyclist died falling into a pit dug by the Delhi Jal Board in Janakpuri. An investigation is underway, and FIRs have been filed against the DJB and the contractor.

EC bars Maha govt from releasing early payment under 'Ladki Bahin'

EC bars Maha govt from releasing early payment under 'Ladki Bahin'

Rediff.com13 Jan 2026

The State Election Commission (SEC) has barred the Maharashtra government from releasing the January instalment of the 'Ladki Bahin' scheme in advance, citing the enforcement of the model code of conduct for municipal elections. The decision follows complaints about the timing of the release, coinciding with upcoming municipal elections.

86% Taxpayers Shift To New Tax Regime

86% Taxpayers Shift To New Tax Regime

Rediff.com13 Feb 2026

'Among corporates, about 60% of income is now reported under the new tax regime.'

CBI's RG Kar, Dabholkar investigators among 31 awarded police medals

CBI's RG Kar, Dabholkar investigators among 31 awarded police medals

Rediff.com25 Jan 2026

CBI officers who supervised investigations into the rape and murder of a doctor in Kolkata and the killing of rationalist Narendra Dabholkar are among those awarded police medals on Republic Day.

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

Rediff.com2 Feb 2026

'Global uncertainty is something which definitely occupies the minds of officials when we are preparing for the Budget.'

Brookfield to build Asia's biggest GCC facility in Powai

Brookfield to build Asia's biggest GCC facility in Powai

Rediff.com13 Dec 2025

Brookfield Asset Management will invest $1 billion to develop Asia's largest global capability centre (GCC) in Mumbai's Powai, the New York-based global alternative asset manager said in a statement on Friday. The infrastructure arm of Canada's investment firm will develop the campus across 6 acres with 2 million square feet that can be let out.

Union Budget 2026: Sitharaman tries to cover all bases, leaves out markets

Union Budget 2026: Sitharaman tries to cover all bases, leaves out markets

Rediff.com1 Feb 2026

Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.

Realty firm chairman C J Roy dies by suicide amid I-T action

Realty firm chairman C J Roy dies by suicide amid I-T action

Rediff.com30 Jan 2026

C J Roy, founder and chairman of real estate firm Confident Group, died by suicide in Bengaluru. The incident occurred amidst ongoing Income Tax searches at his premises. Family alleges pressure from a central agency may have contributed to his death.

IMF raises India's GDP growth projection to 7.3% for FY26

IMF raises India's GDP growth projection to 7.3% for FY26

Rediff.com19 Jan 2026

The IMF on Monday raised India's growth projection to 7.3 per cent for fiscal 2025-26, up 0.7 percentage point from its October forecast, on the back of better-than-expected performance of the economy. The Washington-headquartered multilateral lending agency has also revised India's Gross Domestic Product (GDP) growth forecast to 6.4 per cent for fiscal year 2026-27 beginning April 1, 2026, from its earlier estimate of 6.2 per cent.

Unity first: Marijne's discipline reset for hockey team

Unity first: Marijne's discipline reset for hockey team

Rediff.com4 Feb 2026

Back as chief coach of the Indian women's hockey team after a four-year hiatus, Sjoerd Marijne is focussed on bringing back unity, discipline and culture in the side, with eyes firmly set on creating a group to qualify for 2028 Los Angeles Olympics.

Can India's batting might tame Pakistan's spin threat?

Can India's batting might tame Pakistan's spin threat?

Rediff.com14 Feb 2026

India and Pakistan clash in a highly anticipated T20 World Cup match. India needs middle-order stability and a fit Abhishek Sharma, while Pakistan's spin attack poses a threat. The weather forecast predicts a high chance of rain.

Sagarmala Finance expecting at least Rs 2K cr equity infusion from govt: MD

Sagarmala Finance expecting at least Rs 2K cr equity infusion from govt: MD

Rediff.com6 Jan 2026

India's first maritime lender, state-owned Sagarmala Finance Corporation Ltd (SMFCL) hit the ground running with a Rs 4,300 crore disbursement announcement last Tuesday, within months of being registered as a non-banking financial company (NBFC) in June 2025.

Ladki Bahin dole amid civic polls sparks row in Maha; Oppn protests

Ladki Bahin dole amid civic polls sparks row in Maha; Oppn protests

Rediff.com12 Jan 2026

Maharashtra minister's announcement regarding the disbursement of financial aid under the Ladki Bahin Yojana before Makar Sankranti has triggered a controversy, with the Opposition alleging a violation of the Model Code of Conduct ahead of municipal elections. The State Election Commission has sought a report on the matter.

Insurance industry flags concerns over proposed Insurance Amendment Bill

Insurance industry flags concerns over proposed Insurance Amendment Bill

Rediff.com24 Dec 2025

The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.

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

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

Rediff.com23 Feb 2026

'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.'

'Indian Army Has Free Hand To Deal With China'

'Indian Army Has Free Hand To Deal With China'

Rediff.com17 Feb 2026

'After the Galwan clash, the rules of engagement changed with the army commanders allowed to use any means at their disposal as they deem fit for tactical operations.'

Sensex down 275 points on fag-end selling

Sensex down 275 points on fag-end selling

Rediff.com10 Dec 2025

Among the Sensex constituents, Eternal, Trent, Bharti Airtel, Infosys, Tech Mahindra, UltraTech Cement, ICICI Bank, HDFC Bank, Bajaj Finance, Tata Consultancy Services, Bharat Electronics Ltd, Larsen & Toubro and Tata Motors Passenger Vehicles were the laggards. However, Tata Steel, Sun Pharmaceuticals, ITC, NTPC, Reliance Industries, HCL Technologies, PowerGrid, and Asian Paints were among the gainers.

CJI lays foundation for new court complex amid lawyers' protest in Assam

CJI lays foundation for new court complex amid lawyers' protest in Assam

Rediff.com11 Jan 2026

Chief Justice of India lays the foundation for an Integrated Judicial Court Complex in Assam's Kamrup district, facing protests from the Gauhati High Court Bar Association (GHCBA) over the relocation of the High Court.

Hand over Sabarimala gold case to neutral agency: Amit Shah to Kerala CM

Hand over Sabarimala gold case to neutral agency: Amit Shah to Kerala CM

Rediff.com11 Jan 2026

Union Home Minister Amit Shah criticizes Kerala's ruling Left government over the Sabarimala gold loss case, demanding a neutral investigation and accusing the government of protecting the real culprits. He also signals the start of the BJP's campaign for the upcoming Assembly elections.

Budget 2026: Next 5 Reforms Needed To Boost Growth

Budget 2026: Next 5 Reforms Needed To Boost Growth

Rediff.com28 Jan 2026

Sustaining 8 per cent-plus growth rates is necessary if we are to reach high-income status by 2047, points out Amitabh Kant.

India, UAE seal defence pact, set $200 bn trade target

India, UAE seal defence pact, set $200 bn trade target

Rediff.com20 Jan 2026

Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries and counter terrorism.

India yet to decide on joining Trump's Board of Peace

India yet to decide on joining Trump's Board of Peace

Rediff.com21 Jan 2026

India is yet to take a call on United States President Donald Trump's invitation to be part of the 'Board of Peace' that will work towards bringing lasting peace to Gaza and possibly resolve global conflicts, people familiar with the matter said on Wednesday.