Tata Capital is set to launch India's largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at Rs 1.38 trillion. This will make the company India's fifth-most-valued NBFC after Bajaj Finance (Rs 6.12 trillion), Bajaj Finserv (Rs 3.2 trillion), Jio Financial Services (Rs 1.87 trillion), and IRFC (Rs 1.59 trillion).
The alleged gang rape of a second-year medical student in West Bengal's Durgapur has sparked massive outrage, snowballing into a major political storm, with the survivor's father likening Bengal to 'Aurangzeb's rule' and Governor C V Ananda Bose calling for a 'second renaissance' to make the state safer for women.
The BJP's MoSha leadership are past masters in encouraging defections from their allies if it helped their party capture the chief minister's chair. In Bihar, they are not sure if JD-U MPs and MLAs would be willing to cross over to the BJP if the Nitish leadership came on top -- and the NDA crossed the halfway mark together, observes N Sathiya Moorthy.
Ola Electric on Tuesday said it has rolled out one-millionth vehicle from its Futurefactory in Krishnagiri, Tamil Nadu.
Mother Dairy on Tuesday said it will pass on 100 per cent GST reduction benefits to consumers and most of its products including value-added dairy products and processed foods (under Safal brand) will become cheaper with effect from September 22. Mother Dairy, a wholly-owned subsidiary of National Dairy Development Board (NDDB), said that prices of paneer (200 gms) will come down from Rs 95 to Rs 92, Ghee Carton Pack (1 litre) from Rs 675 to Rs 645, and butter 100 gm from Rs 62 to Rs 58.
The rupee continued to face pressure in the first half of the current financial year (FY26), hitting fresh lows against the dollar, due to strengthening of the greenback, rising crude oil prices, and foreign outflows. Rupee has depreciated by 3.7 per cent so far in the current financial year after starting at a good note in April.
'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'
'Stop fearing 'No' and build your empire. 'By embracing rejection, you gain clarity, data and a stronger team, paving the way for inevitable growth,' Mamaearth Co-Founder Ghazal Alagh tells aspiring entrepreneurs.
'First-time investors, busy professionals, NRIs and those with modest sums looking for curated strategies may find FoFs especially appealing.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges".
Indian drugmakers Eris Lifesciences, Wockhardt and Lupin are prepping to cash in when Danish company Novo Nordisk bows out of the human insulin pen market by the end of this year and creates an opportunity estimated to be worth Rs 600-800 crore in the domestic market. Some self-use disposable pens are pre-filled with insulin and others can be reused with new cartridges.
The imposition of a 100 per cent tariff by the US on imports of branded and patented pharmaceutical products starting October 1 may not significantly hurt Indian drug makers, with Sun Pharma being exposed to some headline risk but with limited earnings impact, according to analysts. Among Indian companies, only Sun Pharma has sizeable sales from patented drugs in the US (about 17 per cent of 2024-25 revenue), HSBC Global Investment Research said in a report.
Madhya Pradesh minister Narendra Shivaji Patel blames the Tamil Nadu government for the deaths of 20 children due to contaminated cough syrup, citing negligence in inspecting medicines. The Tamil Nadu government has banned the sale of the syrup and ordered its removal from the market. Congress leader Digvijaya Singh criticizes the food and drug department's administration.
'A balanced portfolio mix of domestic and international equity, fixed income, and precious metals is recommended.'
This marks a rebound after more than two years of underperformance during a strong rally in smallcap stocks.
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. "No, certainly not. I think India is not part of any such initiative," he said in response to a question if India is looking at an alternative currency to the US dollar for global trade.
Entities controlled by governments - sovereign wealth funds, and pension funds - have recorded higher growth in equity assets under custody compared to other foreign portfolio investors (FPIs) over the past five years.
SOFs can be a diversification tool for investors seeking alternatives to conventional large, mid, or smallcap portfolios.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
This is the longest winning streak for gold in the last three decades.
A 10-part series that explains all you want to know about how India's EPF turns a slice of your monthly salary into long-term savings, pension, and life insurance.
Jan Suraaj Party founder Prashant Kishor alleges Bihar Deputy Chief Minister Samrat Choudhary escaped a murder trial by falsely claiming to be a minor. He demands Choudhary's dismissal and threatens to expose further financial irregularities.
Amid intense discussions among Mahayuti allies over the distribution of portfolios and Eknath Shinde-led Shiv Sena's insistence on the home ministry, the clarity on the composition of the council of ministers is expected by Sunday, sources said.
Foreign investors offloaded Indian equities worth nearly Rs 21,000 crore in the first half of August, pressured by US-India trade tensions, lacklustre first-quarter corporate earnings, and a weakening rupee.
Within weeks of announcing his exit as executive chairman of the global software-as-a-service (SaaS) company Freshworks, its founder Girish Mathrubootham appears to be on an investment spree.
Global rating Moody's on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' with a 'stable' outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India's other short-term local-currency rating at P-3.
Dalal Street is buzzing with excitement, as some of the most-awaited IPOs are gearing up to hit the market. While some of these big companies are planning to join the stock exchanges towards the end of 2025, others are likely to be available for trading by the first half of 2026.
With lower GST rates taking effect, fast-moving consumer goods players face challenges in setting reduced prices for their products in round figures, but expect the magical price points to be restored within two months.
If pharmaceutical exports from India to the US come under a 25 per cent tariff bracket, the impact on earnings before interest, tax, depreciation and amortisation (Ebitda) could be around 5 per cent, felt analysts. This is after assuming that about 75 per cent of the tariff would be passed on.
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance Corporation (LIC), data from the Life Insurance Council showed. LIC recorded a 17 per cent YoY fall in new business premiums to Rs 16,023 crore during the month, while private life insurers reported a 12 per cent YoY increase to Rs 14,936 crore.
'A staggered investment approach (using SIP or STP) can help investors benefit from this opportunity while reducing timing risk.'
Adani Power on Saturday said it has inked a pact with Bhutan's state-owned utility Druk Green Power to set up a 570MW hydro project entailing investment of Rs 6,000 crore, in the Himalayan Kingdom. As per the pact, Adani Power and Druk Green Power Corp Ltd (DGPC), will initiate the the peaking run-of-river Wangchhu hydroelectric project on a BOOT (Build, Own, Operate, Transfer) model.
Foreign investors pulled out Rs 34,993 crore (around $4 billion) from Indian equity markets in August, making it the sharpest sell-off in six months, weighed down by US tariffs on Indian exports and pricey domestic valuations. The withdrawal was nearly double the Rs 17,741 crore outflow recorded in July.
By 10 am, Rakshit N Jagdale is already deep into the rhythm of the day, which promises to be a carousel of meetings, calls, and strategic decisions. As managing director of Amrut Distilleries, he balances ritual and ambition, tradition and transformation, like many other legacy players in India's alcoholic beverages sector who are staring at a rosy future.
The Adani Group reported its highest-ever trailing twelve-month EBITDA of Rs 90,572 crore, driven by strong performance in its core infrastructure and clean energy businesses, along with contributions from its emerging airports segment, the conglomerate said on Thursday. The group reported an earnings before interest, taxes, depreciation and amortization (EBITDA) of Rs 90,572 crore for the period from July 2024 to June 2025, up from Rs 85,502 crore pre-tax profit in the trailing twelve months ending June 2024, it said in a statement.
Land sinking in a village in Jammu and Kashmir's Poonch district has damaged about 50 structures, mostly residential houses. A minister has assured relief and rehabilitation.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances