News for 'Rediff Money'

CBDT Eases GAAR Concerns for Investments Made Before April 2017

CBDT Eases GAAR Concerns for Investments Made Before April 2017

Rediff.com4 days ago

The Income Tax Department has clarified that income from the transfer of investments made before April 1, 2017, is excluded from the scope of the General Anti-Avoidance Rules (GAAR), addressing industry concerns about retrospective application.

Nirav Modi's Extradition Appeal Hearing Concludes in London

Nirav Modi's Extradition Appeal Hearing Concludes in London

Rediff.com18 Mar 2026

The UK High Court has concluded the hearing for Nirav Modi's application to reopen his extradition appeal, focusing on claims of potential torture during interrogations in India. The court has reserved its judgement.

States Have Thrown A Spanner In RBI's Easy-Money Machine

States Have Thrown A Spanner In RBI's Easy-Money Machine

Rediff.com7 Jan 2026

State debt is rising because revenues are disappointingly weak. Ten states have debt ratios exceeding 30 per cent. In 2023-2024, states were borrowing simply to meet day-to-day expenses, points out Debashis Basu.

Rupee Hits All-Time Low: What's Driving the Decline?

Rupee Hits All-Time Low: What's Driving the Decline?

Rediff.com27 Mar 2026

The Indian rupee depreciated significantly against the US dollar, reaching a new all-time low due to rising oil prices, a strong dollar, and ongoing geopolitical concerns. Domestic equity market declines and foreign investment outflows further contributed to the rupee's weakness.

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rediff.com6 days ago

The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.

Private Banks Face CEO Talent Crunch

Private Banks Face CEO Talent Crunch

Rediff.com6 days ago

What is the reason behind this drying up of talent for the top post in private banks?

New Income-Tax Act 2025: What Changes From April 1?

New Income-Tax Act 2025: What Changes From April 1?

Rediff.com5 days ago

A key mistake would be continuing to rely on provisions of the Income-Tax Act, 1961, where the new law now applies, and vice versa.

'You Can Share A Bed And Still Not Share Your Fears'

'You Can Share A Bed And Still Not Share Your Fears'

Rediff.com2 days ago

India today is 'socially overstimulated and emotionally undernourished.'

Atanu Chakraborty Flags Governance Gaps at HDFC Bank

Atanu Chakraborty Flags Governance Gaps at HDFC Bank

Rediff.com5 days ago

'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'

Earnings upgrade to downgrade ratio improved after Q3

Earnings upgrade to downgrade ratio improved after Q3

Rediff.com2 days ago

There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth.

The Most Vicious Phase Of The War Is About To Begin

The Most Vicious Phase Of The War Is About To Begin

Rediff.com1 days ago

The big question is whether Trump is any longer in command of the situation. For all practical purposes, the war seems set to cascade as the US is preparing for a potential ground operation in Iran and threatens to destroy 'bridges next, then electric power plants', points out Ambassador M K Bhadrakumar.

Why Did Atanu Chakraborty Quit HDFC Bank?

Why Did Atanu Chakraborty Quit HDFC Bank?

Rediff.com6 days ago

'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'

Shiv Thakare Wins The 50

Shiv Thakare Wins The 50

Rediff.com23 Mar 2026

'Being the winner of the very first season, especially among 50 strong players, is something that will always be remembered, and that makes me incredibly happy.'

International Cyber Fraud Racket Busted in J&K: Seven Arrested

International Cyber Fraud Racket Busted in J&K: Seven Arrested

Rediff.com19 Mar 2026

The Jammu and Kashmir Police's Counter Intelligence Wing (CIK) has dismantled a sophisticated international cyber fraud racket, arresting seven individuals in Srinagar. The operation targeted victims in the USA, UK, and Canada, using advanced techniques to steal funds through deceptive online schemes.

Kasargod Embassy Review: Nothing Redeemable About This Badly-Made Show

Kasargod Embassy Review: Nothing Redeemable About This Badly-Made Show

Rediff.com27 Mar 2026

Kasargod Embassy squanders a promising premise with weak writing, bad performances and amateurish execution, resulting in a tedious and largely forgettable watching experience, notes Sreeju Sudhakaran.

How Long Can India Absorb Rising Fuel Costs?

How Long Can India Absorb Rising Fuel Costs?

Rediff.com23 Mar 2026

India's net oil import bill could rise by $56 billion to $64 billion annually assuming global crude averages $110 to $115 per barrel in FY27.

West Asia War Clouds RBI Outlook

West Asia War Clouds RBI Outlook

Rediff.com6 days ago

Markets will look for clear guidance on how the MPC interprets the uncertainty and what it implies for the future course of monetary policy, points out Rajeswari Sengupta.

India Is In The Doghouse At The Moment

India Is In The Doghouse At The Moment

Rediff.com20 Mar 2026

There is record underperformance and under-ownership. Some of this is cyclical and will turn on its own. However, we also need to regain our growth credentials. For this, both the government and companies have a role to play, as do investors, points out Akash Prakash.

Goldman Cuts India Market Outlook

Goldman Cuts India Market Outlook

Rediff.com27 Mar 2026

Goldman Sachs has materially lowered its earnings growth forecast for Indian companies by a cumulative 9 percentage points over the next two years.

RG Kar Victim's Mother On Why She Joined BJP: 'If TMC And Mamata Banerjee Are Wrenched Out Of Bengal, Why Not Join Politics?'

RG Kar Victim's Mother On Why She Joined BJP: 'If TMC And Mamata Banerjee Are Wrenched Out Of Bengal, Why Not Join Politics?'

Rediff.com6 days ago

'People have lost hope of finding justice in this state ... I want to give these victims, their families, the people of this state, a voice.'

10 Iranian Films You Should Watch On OTT

10 Iranian Films You Should Watch On OTT

Rediff.com24 Mar 2026

Will these brilliant Iranian filmmakers reflect the turmoil in their country?

Falling Markets: Panic Or Perfect Time To Invest?

Falling Markets: Panic Or Perfect Time To Invest?

Rediff.com25 Mar 2026

Do not get trapped in the fear-and-greed cycle. Let time and discipline do the heavy lifting, points out Harsh Roongta.

Gold Reserves Drop Hit Forex Reserves

Gold Reserves Drop Hit Forex Reserves

Rediff.com28 Mar 2026

The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week.

UPI emerges as dominant payment method, drives 92% of transactions

UPI emerges as dominant payment method, drives 92% of transactions

Rediff.com26 Mar 2026

A new report indicates that UPI has become the dominant payment method for lenders, accounting for over 90% of transactions. The report also highlights trends in investment amounts, diversification strategies, and geographic participation in peer-to-peer lending.

West Asia Conflict and US Fed Decision to Steer Equity Market This Week

West Asia Conflict and US Fed Decision to Steer Equity Market This Week

Rediff.com15 Mar 2026

Analysts predict that the ongoing conflict in West Asia, crude oil price fluctuations, and the US Federal Reserve's interest rate decision will significantly influence the Indian equity market this week.

'Bindra Brought Money Into Indian Cricket'

'Bindra Brought Money Into Indian Cricket'

Rediff.com27 Jan 2026

'Mr Bindra stressed the importance of marketing the game which helped Indian cricket massively. Not only have state associations become self sufficient but the cricketers have also benefitted greatly.'

UPI and Card Payments Simplify Customs Duty on ICEGATE

UPI and Card Payments Simplify Customs Duty on ICEGATE

Rediff.com25 Mar 2026

The Central Board of Indirect Taxes and Customs (CBIC) has enabled UPI, debit, and credit card payments for Customs duty on the ICEGATE portal, enhancing ease of doing business for importers and exporters.

Still Haven't Made Your Tax-Saving Investments?

Still Haven't Made Your Tax-Saving Investments?

Rediff.com26 Mar 2026

In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.

Gold ETF Investors Face Sharp Losses

Gold ETF Investors Face Sharp Losses

Rediff.com25 Mar 2026

Analysts say long-term investors may still benefit, but recommend limiting bullion exposure to around 10 per cent.

Rupee on March 24, 2026: Rupee Declines as Dollar Strengthens and Crude Prices Rise

Rupee on March 24, 2026: Rupee Declines as Dollar Strengthens and Crude Prices Rise

Rediff.com24 Mar 2026

The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.

How AI is Transforming India's Telecom Sector, According to TRAI

How AI is Transforming India's Telecom Sector, According to TRAI

Rediff.com23 Mar 2026

TRAI Chairman Anil Kumar Lahoti highlights the increasing importance of Artificial Intelligence in the design, management, and experience of telecom networks in India, noting its role in self-optimising networks, cybersecurity, and preparing for 6G technology.

HDFC Bank CEO: 'We Requested Chakraborty To Spell Out The Issues'

HDFC Bank CEO: 'We Requested Chakraborty To Spell Out The Issues'

Rediff.com6 days ago

'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.

Leakage Or Seepage? Know Your Rights

Leakage Or Seepage? Know Your Rights

Rediff.com23 Mar 2026

Buyers should understand the distinction between the losses the policy covers, those that need add-ons, and those it excludes.

Cyberfraudsters Dupe Thane Man of 1.56 Crore with 'Digital Arrest' Scam

Cyberfraudsters Dupe Thane Man of 1.56 Crore with 'Digital Arrest' Scam

Rediff.com11 Mar 2026

A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.

Audi to rework India strategy as EU FTA may slash import duty on luxury cars to 10%

Audi to rework India strategy as EU FTA may slash import duty on luxury cars to 10%

Rediff.com26 Mar 2026

German carmaker Audi plans to reassess and adjust its product launch strategy in India once the specific details of import duty reductions under the India-EU free trade agreement (FTA) become clear, according to Balbir Singh Dhillon, the brand's director in India.

'No Fuel Shortage, Only Panic'

'No Fuel Shortage, Only Panic'

Rediff.com28 Mar 2026

'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'

Powerica IPO Sees Slow Start, Subscribed 1% on Opening Day

Powerica IPO Sees Slow Start, Subscribed 1% on Opening Day

Rediff.com24 Mar 2026

The Powerica Limited IPO opened on March 24, 2026, with muted Day 1 subscription. Check latest GMP, price band, lot size, issue details, and investor response.

PSU stakes can go below 51% with a golden share' shield

PSU stakes can go below 51% with a golden share' shield

Rediff.com25 Mar 2026

The Parliamentary Standing Committee on Finance has asked the finance ministry to spell out a clear legal strategy, including options such as a "golden share" or indirect control structures, to maintain strategic oversight in public sector entities if state ownership falls below 51 per cent.

India Can Lead in Technology Diffusion to Reach Millions, Says Wadhwani Foundation CEO

India Can Lead in Technology Diffusion to Reach Millions, Says Wadhwani Foundation CEO

Rediff.com26 Mar 2026

Ajay Kela, CEO of Wadhwani Foundation, highlights India's significant opportunity to lead in the diffusion of technology, creating national-scale use cases that reach millions of end-users. He also discusses the role of deep-tech startups and SMEs in job creation and the importance of upskilling initiatives.

Centre Cracks Down on GLP-1 Drug Misuse

Centre Cracks Down on GLP-1 Drug Misuse

Rediff.com25 Mar 2026

Inspections conducted across 49 entities including pharmacies, wholesalers, and clinics to detect violations and misleading marketing practices.