News for 'Rs'

Get A Scholarship Worth Rs 75,000

Get A Scholarship Worth Rs 75,000

Rediff.com28 Aug 2026

The scholarship is open to students from Classes 1 to 12, as well as those pursuing their diploma, ITI, polytechnic, undergraduate and postgraduate courses, including both general and professional programmes.

IT dept seizes car with Rs 9 cr in Benglauru, find Rs 1.3 crore in TN

IT dept seizes car with Rs 9 cr in Benglauru, find Rs 1.3 crore in TN

Rediff.com21 Aug 2026

Income Tax officials seized Rs 9 crore in cash from a car near Bengaluru's Electronic City, leading to further recovery of Rs 1.3 crore in Tamil Nadu, bringing the total to Rs 10.3 crore. The interception followed police information about illegal cash transportation, and an investigation is underway to determine the source and purpose of the funds.

BJP spent more in Bengal poll than Cong did across 5 state polls

BJP spent more in Bengal poll than Cong did across 5 state polls

Rediff.com1 hour ago

The BJP spent Rs 286.99 crore on the West Bengal elections, surpassing the Congress's total expenditure of Rs 248.55 crore across five states and a Union territory. The report details spending by major parties in West Bengal, Kerala, Assam, Tamil Nadu, and Puducherry, highlighting significant financial disparities and campaign outlays.

Gold extends losing streak, falls Rs 1,500 on hawkish Fed, rising oil prices

Gold extends losing streak, falls Rs 1,500 on hawkish Fed, rising oil prices

Rediff.com31 Aug 2026

Gold prices in India extended their losing streak, falling by Rs 1,500 to Rs 1,60,900 per 10 grams, influenced by hawkish remarks from Federal Reserve Chair Kevin Warsh and rising oil prices, which have increased expectations of an interest rate hike.

Why Rs 10,000 Phone Market Has Crashed

Why Rs 10,000 Phone Market Has Crashed

Rediff.com21 Aug 2026

High memory costs have driven average mobile phone prices up by 15 per cent.

Mutual funds' overseas equity holdings surged to Rs 93,602 crores in FY26

Mutual funds' overseas equity holdings surged to Rs 93,602 crores in FY26

Rediff.com1 Sep 2026

Indian mutual fund holdings in overseas equity securities increased by 37.5 per cent year-on-year to approximately '93,602 crore by March-end, according to RBI data. This growth is attributed to mark-to-market gains from a global market rally and heightened investor interest, with the US remaining the primary destination for these investments.

NSE Rings The Gong At BSE

NSE Rings The Gong At BSE

Rediff.com3 hours ago

The National Stock Exchange marked its stock market debut at the Bombay Stock Exchange on September 24, 2026, with a traditional gong-ringing ceremony.

NSE enters top-10 most valued firms' club; shares jump over 5%

NSE enters top-10 most valued firms' club; shares jump over 5%

Rediff.com4 hours ago

Shares of the National Stock Exchange of India Ltd (NSE) climbed nearly 1 per cent on their trading debut, reaching a market valuation of Rs 4,53,123 crore, following a significantly oversubscribed initial public offering.

SBI anticipates UPI MDR to cover costs, generate surplus

SBI anticipates UPI MDR to cover costs, generate surplus

Rediff.com4 hours ago

State Bank of India (SBI) anticipates that the newly introduced Merchant Discount Rate (MDR) on person-to-merchant (P2M) UPI transactions above 2,000, effective October 15, will enable it to recover the costs incurred in processing and facilitating these transactions, potentially even generating a small surplus.

TN CM Vijay plans Rs 1,200 crore edifice to replace Fort St George

TN CM Vijay plans Rs 1,200 crore edifice to replace Fort St George

Rediff.com3 Sep 2026

Tamil Nadu Chief Minister C Joseph Vijay has announced plans for a new Rs 1,200 crore Assembly-cum-Secretariat integrated complex in Chennai, moving the administration from the historic Fort St George. The modern facility will house all state government departments, addressing space constraints and aiming for efficient governance. Additionally, the CM unveiled plans for a Tamil Nadu Olympic City and a Motor Sports City to boost sports infrastructure and tourism.

Gautam Adani overtakes Mukesh Ambani as India's wealthiest, billionaire population hits record 391

Gautam Adani overtakes Mukesh Ambani as India's wealthiest, billionaire population hits record 391

Rediff.com21 hours ago

Gautam Adani and family have reclaimed the top spot on India's rich list, surpassing Mukesh Ambani, as the nation's billionaire population reached a record 391, according to the M3M Hurun India Rich List.

Noel Tata tables Rs 25K cr SP group stake buyout proposal

Noel Tata tables Rs 25K cr SP group stake buyout proposal

Rediff.com6 days ago

Noel Tata, chairman of Tata Trusts, has presented a proposal for the Shapoorji Pallonji (SP) group to sell its 18.37 per cent stake in Tata Sons for approximately 25,000 crore, aiming to address the SP group's liquidity needs without a public listing of Tata Sons.

Vijay's Tamil Nadu Attracts Rs 1 Trillion In Investment Commitment

Vijay's Tamil Nadu Attracts Rs 1 Trillion In Investment Commitment

Rediff.com26 Aug 2026

'If investors are trusting a new establishment in Tamil Nadu, it speaks a lot of the state's investment climate.'

Gold futures fall for 7th day, drop to Rs 1.5 lakh/10g amid US-Iran tensions

Gold futures fall for 7th day, drop to Rs 1.5 lakh/10g amid US-Iran tensions

Rediff.com2 Sep 2026

Gold futures experienced their seventh consecutive daily decline, falling to Rs 1.5 lakh per 10 grams, driven by escalating military exchanges between the US and Iran which have pushed oil prices higher and intensified concerns over inflation and potential interest rate hikes.

Maruti Suzuki to invest Rs 77,500 crore by FY31 for expansion, new models

Maruti Suzuki to invest Rs 77,500 crore by FY31 for expansion, new models

Rediff.com31 Aug 2026

Maruti Suzuki India has significantly increased its capital expenditure (capex) outlay to Rs 77,500 crore for the five-year period ending FY31, aiming to boost capacity, develop new models, and enhance R&D, as announced by MD and CEO Hisashi Takeuchi.

Essel Group's Subhash Chandra calls for independent audit of debt, claims Rs 43,000 crore repaid

Essel Group's Subhash Chandra calls for independent audit of debt, claims Rs 43,000 crore repaid

Rediff.com29 Aug 2026

Essel Group founder Subhash Chandra has called for an independent audit to examine the group's borrowings, defaults, and repayments, stating that approximately 43,000 crore of its 45,000 crore total debt has been repaid.

Ambanis Worth Rs 25.8 Trillion!

Ambanis Worth Rs 25.8 Trillion!

Rediff.com12 Aug 2026

India's 10 most valuable families had a combined valuation of Rs 70.5 trillion.

EPF Ceiling Hike: Who Pays More?

EPF Ceiling Hike: Who Pays More?

Rediff.com2 days ago

EPF wage ceiling rising to Rs 25,000 could increase employer statutory contributions by Rs 1,200 monthly per employee.

Rs 1 Crore Telangana Golconda Masters Set To Begin In Hyderabad

Rs 1 Crore Telangana Golconda Masters Set To Begin In Hyderabad

Rediff.com29 Aug 2026

The Telangana Golconda Masters, featuring top Indian and international golf professionals, is set to commence in Hyderabad with a prize purse of Rs 1 crore. The tournament is crucial for players aiming to qualify for the season-ending DP World India Championship.

Govt Nods Polymer Banknote Trials for Rs 10 and Rs 20 Denominations

Govt Nods Polymer Banknote Trials for Rs 10 and Rs 20 Denominations

Rediff.com11 Aug 2026

The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.

Samsung India sees 36% profit decline in FY26 despite marginal revenue increase

Samsung India sees 36% profit decline in FY26 despite marginal revenue increase

Rediff.com2 days ago

Samsung India Electronics reported a 36 per cent decline in profit to 7,228.10 crore for the financial year ended March 31, 2026, even as its revenue from operations saw a slight increase of 1.2 per cent to 1.12 lakh crore.

NCLT's Subhash Chandra Order: Not Rs 22,000 Cr Bank Loan Write-Off, Clarify Sources

NCLT's Subhash Chandra Order: Not Rs 22,000 Cr Bank Loan Write-Off, Clarify Sources

Rediff.com27 Aug 2026

Sources clarify that the NCLT's approval of a repayment plan for Essel Group founder Subhash Chandra does not signify a 99.97 per cent write-off of Rs 22,000 crore in bank loans, as the figure represents claims against him as a personal guarantor, not debt personally borrowed.

Foreign Investors Pour Rs 23,544 Crore into Indian Equities in August

Foreign Investors Pour Rs 23,544 Crore into Indian Equities in August

Rediff.com23 Aug 2026

Foreign Portfolio Investors (FPIs) have significantly increased their investment in Indian equities, infusing Rs 23,544 crore in August, driven by improving quarterly earnings, a stable rupee, and positive market prospects.

Daayra, Vibe Falter At Box Office, Hanuman Ansh Is A Big Hit

Daayra, Vibe Falter At Box Office, Hanuman Ansh Is A Big Hit

Rediff.com3 days ago

Hanuman Ansh continues its phenomenal run at the box office, cementing its status as an all-time mega blockbuster, even as new releases Daayra and Vibe struggle.

Tata Sierra #DARK Launched: Prices Start at 13.99 Lakh, Features & Variants Detailed

Tata Sierra #DARK Launched: Prices Start at 13.99 Lakh, Features & Variants Detailed

Rediff.com3 days ago

Tata Motors has officially launched the Tata Sierra #DARK in India, with prices starting from 13.99 Lakh (ex-showroom). This new edition features a Friesian Black exterior, a Violet Eclipse interior, and a range of engine and transmission options across multiple variants.

Traders call for 'No UPI Day' on October 2 to protest new MDR levy

Traders call for 'No UPI Day' on October 2 to protest new MDR levy

Rediff.com5 hours ago

Trade and business associations across India are organising a 'No UPI Day' on October 2 to protest the upcoming 0.4 per cent merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding 2,000, effective from October 15.

Tata Listing Will Add Fresh Equity To Market

Tata Listing Will Add Fresh Equity To Market

Rediff.com2 days ago

At a valuation of around Rs 10 trillion, Tata Sons would rank among India's 10 largest listed companies and could qualify for inclusion in key indices such as the Nifty 50, Sensex and the Nifty 100.

NPCI Chief Explains Limited Impact Of UPI Charges

NPCI Chief Explains Limited Impact Of UPI Charges

Rediff.com43 minutes ago

NPCI chief Dilip Asbe stated that only about 10 per cent of the total value of UPI transactions might see charges passed to consumers under the merchant discount rate (MDR). He clarified that large corporates are expected to absorb most costs, and a significant portion of transactions will remain charge-free. A new fund from MDR collection is also proposed to boost UPI acceptance among small merchants.

NPCI Chief Clarifies UPI Transaction Charges Impact On Consumers

NPCI Chief Clarifies UPI Transaction Charges Impact On Consumers

Rediff.com1 hour ago

NPCI chief Dilip Asbe stated that only about 10% of UPI transaction value might see charges passed to consumers, primarily from large corporates already absorbing credit card fees. He highlighted that 80% of Merchant Discount Rate (MDR) would come from businesses with over Rs 1,000 crore turnover, and a significant portion of transactions will remain charge-free. A new fund, potentially Rs 3,000 crore, will also be created from MDR collection to support small merchants and accelerate UPI acceptance.

Fencing Association Of India Boosts Asian Games Motivation With Cash Prizes

Fencing Association Of India Boosts Asian Games Motivation With Cash Prizes

Rediff.com2 days ago

The Fencing Association of India (FAI) has announced significant cash awards for its medallists at the upcoming Asian Games in Japan, aiming to motivate fencers to achieve glory for the nation. Gold medallists will receive Rs 10 lakh, silver medallists Rs 7.5 lakh, and bronze medallists Rs 5 lakh.

Document Bank Transactions Before IT Officials Come Knocking

Document Bank Transactions Before IT Officials Come Knocking

Rediff.com3 days ago

A deposit is not necessarily taxable simply because it appears in a bank account. What matters is whether its source can be satisfactorily explained.

Samsung Galaxy S26 FE Has More Than Good Looks

Samsung Galaxy S26 FE Has More Than Good Looks

Rediff.com7 hours ago

The Samsung Galaxy S26 FE brings together a premium AMOLED display, a versatile triple-camera system

SC dismisses NEET-PG re-exam PIL, slaps Rs 25K fine on advocate

SC dismisses NEET-PG re-exam PIL, slaps Rs 25K fine on advocate

Rediff.com3 Sep 2026

The Supreme Court dismissed a Public Interest Litigation (PIL) seeking a re-conduct of the NEET-PG 2026 exam, imposing a cost on the petitioner and criticising the advocate for misusing the legal process and soliciting cases on social media. The court noted that the petitioners were not affected by the exam disruption they cited.

Finance student? You Can Get Scholarship Up To Rs 5.5 Lakhs

Finance student? You Can Get Scholarship Up To Rs 5.5 Lakhs

Rediff.com28 Aug 2026

The Raman Kant Munjal Scholarship for 2026-27, initiated by the Raman Kant Munjal Foundation and supported by Hero FinCorp, is designed to help students in finance-related fields achieve their career aspirations.

Subhash Chandra moves tribunal against NCLT order restraining asset alienation

Subhash Chandra moves tribunal against NCLT order restraining asset alienation

Rediff.com18 hours ago

Media baron Subhash Chandra has appealed to the National Company Law Appellate Tribunal (NCLAT) against a five-member National Company Law Tribunal (NCLT) bench's order that prevents him from selling or transferring his assets while his personal insolvency case is ongoing.

Why NCP (SP) Calls UPI MDR A 'Betrayal'

Why NCP (SP) Calls UPI MDR A 'Betrayal'

Rediff.com3 days ago

The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. The party termed the move a "direct assault" on small traders and shopkeepers, accusing the Modi government of "double standards" by burdening small merchants while large industrialists benefit from loan write-offs.

Doing Your PhD? You Could Get A Rs 33,000 Scholarship

Doing Your PhD? You Could Get A Rs 33,000 Scholarship

Rediff.com28 Aug 2026

Jawaharlal Nehru Memorial Fund invites applications for Jawaharlal Nehru Scholarships for Doctoral Studies for the year 2026. A candidate may apply for scholarship in any one of the following areas of specialization:: Indian History & Civilization, Sociology, Comparative Studies in Religion & Culture, Ecology & Environment and Economics

Market Cap of Four Top Firms Erodes by Rs 87,960 Crore; Airtel Takes Biggest Hit

Market Cap of Four Top Firms Erodes by Rs 87,960 Crore; Airtel Takes Biggest Hit

Rediff.com23 Aug 2026

The combined market valuation of four of India's top-10 most valued firms eroded by Rs 87,960.29 crore last week, with Bharti Airtel experiencing the largest decline, amidst a bearish trend in the equities market.

Cyber frauds threaten Mumbai woman with terror case, steal Rs 7.21 cr

Cyber frauds threaten Mumbai woman with terror case, steal Rs 7.21 cr

Rediff.com28 Aug 2026

A 68-year-old Mumbai resident was defrauded of Rs 7.21 crore by cyber criminals who threatened her with false accusations of money laundering and terror funding. The fraudsters coerced her into transferring funds to bank accounts and a cryptocurrency wallet after impersonating officials from various agencies.

Why Zero-Fee UPI Transactions Are Crucial For India's Digital Economy

Why Zero-Fee UPI Transactions Are Crucial For India's Digital Economy

Rediff.com3 days ago

Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to maintain zero-fee UPI transactions for several more years, arguing that the benefits of UPI as a public good outweigh the costs. This comes amidst the government's recent decision to introduce a 0.4% fee on person-to-merchant UPI transactions above Rs 2,000 from October 15, a move that has drawn criticism.