News for 'Rupee'

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com15 Dec 2024

The US Fed interest rate decision, inflation data and FIIs are the key factors that are expected to drive stock markets this week, analysts said. Global trends will also be tracked by investors for further cues, they added. "The Indian stock market's future trajectory will be influenced by a blend of global and domestic factors.

Survey not in favour of over 60-hr work week

Survey not in favour of over 60-hr work week

Rediff.com31 Jan 2025

Amid a debate over 70-90-hour work week, the pre-Budget Economic Survey on Friday cited studies to state that spending over 60 hours a week on work could have adverse health effects. The survey noted that spending long hours at one's desk is detrimental to mental well-being and individuals who spend 12 or more hours (per day) at a desk have distressed or struggling levels of mental well-being.

Why Punjabis risk illegal 'donkey' route for American dream

Why Punjabis risk illegal 'donkey' route for American dream

Rediff.com7 Feb 2025

The obsession for migrating to the US is visible mostly in Majha and Doaba regions of Punjab, he further said.

Can you believe Champions Trophy tickets start at....

Can you believe Champions Trophy tickets start at....

Rediff.com15 Jan 2025

The Pakistan Cricket Board (PCB) has announced ticket prices for the upcoming Champions Trophy, with the lowest priced ticket starting at PKR 1000 for the General Enclosure for all matches in Karachi, Lahore, and Rawalpindi.

Sajjan Kumar was part of mob that killed Sikhs: Court

Sajjan Kumar was part of mob that killed Sikhs: Court

Rediff.com12 Feb 2025

A Delhi court has convicted former Congress MP Sajjan Kumar of murder in a 1984 anti-Sikh riots case. The court found that Kumar was part of an unlawful assembly that killed the victims and is guilty of the murders of Jaswant Singh and Tarundeep Singh. Kumar now faces a maximum of the death penalty and a minimum of life in prison. The court rejected Kumar's argument that the statement of the complainant couldn't be trusted, as she named him belatedly and held at the time of the incident she was not aware of the identity of the accused as she was admittedly new to the area and had never seen him earlier. The court also found the other residents of the locality were reluctant to come forward to aid the victims at the time of the incident, leading to the conclusion that they would also not support the victims' version in court.

Working hours to increase from 70 or 90 hrs per week? Govt says...

Working hours to increase from 70 or 90 hrs per week? Govt says...

Rediff.com3 Feb 2025

The take by the Economic Survey 2024-25 on work hour week had come weeks after Larsen & Toubro Ltd Chairman and Managing Director SN Subrahmanyan sparked off a raging debate on social media when he said employees should work 90-hour a week, including on Sundays rather than sit at home.

Kharge's 'thousands' killed in Kumbh stampede remark sparks row in Parl

Kharge's 'thousands' killed in Kumbh stampede remark sparks row in Parl

Rediff.com3 Feb 2025

RS Chairman Dhankhar called Kharge making the claim a "very sad moment" and asked him to withdraw his statement, the Leader of Opposition insisted the government give the correct figures and continued with his speech.

'Pakistan Has Come A Long Way Since March 3, 2009'

'Pakistan Has Come A Long Way Since March 3, 2009'

Rediff.com22 Feb 2025

'International cricket is incomplete without Pakistan.'

FPI flows stumble on trail, edge closer to precipice

FPI flows stumble on trail, edge closer to precipice

Rediff.com18 Nov 2024

After a brutal selloff since October, foreign portfolio investor (FPI) flows for the year-to-date (YTD) in 2024 have turned negative. In early September, YTD FPI investments peaked at a record Rs 22,000 crore ($2.6 billion). This wave of selling has also pulled down benchmark indices, with the Nifty's YTD returns declining to 11 per cent from their high of 21 per cent in September.

Key factors that will drive the markets this week

Key factors that will drive the markets this week

Rediff.com12 Jan 2025

Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.

Reserve Bank of India net sold $6.5 billion in August, shows data

Reserve Bank of India net sold $6.5 billion in August, shows data

Rediff.com22 Oct 2024

The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July. During the current financial year up to August, the central bank had sold a net $1.11 billion. The RBI sold a net total of $6.49 billion worth of the foreign currency in August, according to the central bank's monthly bulletin.

India among top 3 least favoured Asian stock markets amid multiple headwinds

India among top 3 least favoured Asian stock markets amid multiple headwinds

Rediff.com23 Jan 2025

India is among the three least-favoured Asian stock markets, according to BofA Securities whose survey found that 10 per cent of fund managers are underweight on Indian equities from a 12-month perspective.

Rs steady against $ in CY24, weakens vs euro, pound

Rs steady against $ in CY24, weakens vs euro, pound

Rediff.com30 Sep 2024

The rupee has remained largely stable against the US greenback in the current calendar year (CY 2024), depreciating by just 0.59 per cent so far. However, it has considerably weakened against the euro and pound. The local currency has depreciated by 1.6 per cent against the euro and 5.6 per cent against the pound, as both currencies strengthened against the dollar during this period.

Mumbai Police detains suspect in Saif Ali Khan stabbing

Mumbai Police detains suspect in Saif Ali Khan stabbing

Rediff.com17 Jan 2025

Bollywood Actor Saif Ali Khan was attacked by an intruder in his 11th-floor Bandra residence at around 2:30 am on Thursday.

Why And How To Invest In Gold

Why And How To Invest In Gold

Rediff.com2 Jan 2025

Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.

How much money did the FPIs withdraw from Indian equities?

How much money did the FPIs withdraw from Indian equities?

Rediff.com5 Jan 2025

Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of Rs 15,446 crore in the entire December, data with the depositories showed.

Interest coverage ratio of unlisted cos at 30-year high

Interest coverage ratio of unlisted cos at 30-year high

Rediff.com17 Jan 2025

Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.

Punjab: US deportees, families stare at huge debt, shattered dreams

Punjab: US deportees, families stare at huge debt, shattered dreams

Rediff.com6 Feb 2025

Families of illegal immigrants from Punjab who were deported from the US are facing a crushing debt they took to facilitate their travel to America. They allege that travel agents used unfair means to facilitate the youths' travel without their knowledge and are seeking strict action against them. The families are burdened by the debt they took on hoping for a better future and are appealing to the government for help.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com22 Dec 2024

Stock market participants would track global trends and foreign investors' trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas.

Bald man selling hair growth oil arrested after complaints

Bald man selling hair growth oil arrested after complaints

Rediff.com19 Dec 2024

A bald man and his two associates were arrested in Meerut, India, after multiple complaints surfaced regarding allergic reactions from their miraculous hair growth oil. The trio had set up a camp claiming they could regrow hair on bald heads, attracting a massive crowd and causing traffic jams. The police uncovered a large-scale scam after one victim filed a complaint about the oil causing severe itching and an allergic reaction. The accused admitted to conducting similar fraudulent camps in several cities and amassing lakhs of rupees.

Kinnar akhara opens doors for transgenders to Kumbh Mela

Kinnar akhara opens doors for transgenders to Kumbh Mela

Rediff.com21 Jan 2025

The Akhil Bharatiya Kinnar Akhara is the 14th akhara at the Maha Kumbh.

Why India Inc is opting for long-term borrowing

Why India Inc is opting for long-term borrowing

Rediff.com16 Jan 2025

With short-term rates firming up due to tight liquidity conditions, Indian corporates are opting to borrow long term to take advantage of the attractive rates by locking them in these uncertain times. The banking system has a liquidity deficit of over Rs 2 trillion. According to market participants, engineering conglomerate Larsen & Toubro (L&T) raised Rs 1,500 crore through 10-year bonds in December 2024.

Slow margin recovery likely to remain a headwind for LTIMindtree

Slow margin recovery likely to remain a headwind for LTIMindtree

Rediff.com26 Jan 2025

LTIMindtree's (LTIM's) December quarter revenue, at $1.139 billion, was up 1.8 per cent quarter-on-quarter (Q-o-Q) (5.6 per cent year-on-year or Y-o-Y) in constant currency (CC) terms, marginally ahead of expectations.

Protestors vandalise Allu Arjun's residence, throw tomatoes

Protestors vandalise Allu Arjun's residence, throw tomatoes

Rediff.com22 Dec 2024

A group of persons, claiming to be members of Osmania University Joint Action Committee, on Sunday vandalised flower pots and other things at the residence of top Telugu actor Allu Arjun in Hyderabad.

Why Tharoor Gives The Congress A Headache

Why Tharoor Gives The Congress A Headache

Rediff.com24 Feb 2025

The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.

Sensex sinks below 81K amid widespread selloff

Sensex sinks below 81K amid widespread selloff

Rediff.com17 Dec 2024

All sectoral indices ended lower. BSE Telecommunication tanked 2.18 per cent, metal (1.77 per cent), auto (1.70 per cent), energy (1.64 per cent), oil & gas (1.59 per cent), commodities (1.39 per cent) and financial services (1.37 per cent) were the major laggards.

Many Delhi FIITJEE centres shut down, leaving students in limbo

Many Delhi FIITJEE centres shut down, leaving students in limbo

Rediff.com25 Jan 2025

Several FIITJEE centres in Delhi-NCR have abruptly shut down, leaving students and parents who paid lakhs of rupees in fees in a difficult situation. The closures are attributed to non-payment of salaries for months, leading to teachers resigning and joining other coaching institutes. FIRs have been registered against two FIITJEE centres in Noida and Ghaziabad, highlighting allegations of criminal conspiracy and breach of trust. Parents are concerned about their children's academic future and are seeking answers and solutions from FIITJEE.

'Can never go to heaven': Kharge taunts Shah for Kumbh dip

'Can never go to heaven': Kharge taunts Shah for Kumbh dip

Rediff.com27 Jan 2025

The BJP keeps taking dips till it appears good on the camera, he said.

Will RBI's new Guv usher a growth-propping rate cut in 2025?

Will RBI's new Guv usher a growth-propping rate cut in 2025?

Rediff.com22 Dec 2024

The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.

FIITJEE founder among 12 booked after parents' complaints over shut down

FIITJEE founder among 12 booked after parents' complaints over shut down

Rediff.com25 Jan 2025

The founder of FIITJEE and 11 others have been booked after several of the coaching institute's centres in Delhi-NCR abruptly shut down, leaving students and parents in the lurch. FIITJEE has blamed the closures on "mismanagement and desertion" by managing partners, while students and parents allege non-payment of salaries and fraudulent practices. The institute claims it is pursuing legal action against competitors for alleged poaching of its faculty.

Forex reserves drop $1.31 bn to $656.5 bn

Forex reserves drop $1.31 bn to $656.5 bn

Rediff.com29 Nov 2024

India's forex reserves dropped $1.31 billion to $656.58 billion for the week ended November 22, the Reserve Bank of India (RBI) said. The kitty had dropped a record $17.76 billion to $657.89 billion in the previous reporting week ending November 15.

How To Travel Money Smart In 2025

How To Travel Money Smart In 2025

Rediff.com29 Jan 2025

Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.

Rahul vs Scindia, royals over 'Maharaja' remarks

Rahul vs Scindia, royals over 'Maharaja' remarks

Rediff.com28 Jan 2025

Addressing a rally in Mhow on Monday, Gandhi said Dalits, backwards and tribals had no rights before Independence, when "only maharajas and rajas enjoyed rights".

Factors that will guide the markets thie week

Factors that will guide the markets thie week

Rediff.com24 Nov 2024

Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.

Disquieting Deeds Can't Wipe Out Work AAP Has Done

Disquieting Deeds Can't Wipe Out Work AAP Has Done

Rediff.com13 Feb 2025

'A government whose policies are focused around making the life of ordinary citizens, specially the most deprived sections, richer; a government that prioritises education, health and transport, that doesn't treat its citizens as subjects who must come to it for everything, is rare in our country.' 'When such a government is thrown out, one is left stunned,' notes Jyoti Punwani.

Should you invest in gold? Read here to find out

Should you invest in gold? Read here to find out

Rediff.com4 Dec 2024

Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 per cent from its current level of $2,645, according to a recent report in Business Standard. Domestically, gold is trading at Rs 76,018 per 10 grams after delivering a remarkable 21.9 per cent return in the past year.

Livingstone excited to join RCB's power-packed lineup

Livingstone excited to join RCB's power-packed lineup

Rediff.com27 Nov 2024

Livingstone, who made his IPL debut in 2019 with Rajasthan Royals, spent the last three seasons with Punjab Kings where the middle-order batter scored 827 runs in the world's richest Twenty20 league.

Oppn blames VIP culture, mismanagement for Kumbh stampede

Oppn blames VIP culture, mismanagement for Kumbh stampede

Rediff.com29 Jan 2025

The Congress on Wednesday criticized the Centre and the Uttar Pradesh government for a stampede at the Sangam during the Maha Kumbh, blaming mismanagement and a focus on VIP movement instead of common devotees for the tragic incident. Rahul Gandhi called for reining in "VIP culture" and improving arrangements for devotees. Congress leaders expressed condolences to the families of the deceased and demanded action to prevent such incidents in the future.

What Sudha And Akshata Murty Don't Want...

What Sudha And Akshata Murty Don't Want...

Rediff.com27 Jan 2025

Sudha and Akshata Murthy's candid confessions about each other.

Forex reserves plunge $17.76 bn to $657.89 bn

Forex reserves plunge $17.76 bn to $657.89 bn

Rediff.com22 Nov 2024

India's forex reserves dropped by $17.76 billion to $657.89 billion for the week ended November 15, the RBI said on Friday. In the previous reporting week ended November 8, the overall reserves dropped by $6.48 billion to $675.65 billion.