State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
The foreign degree no longer sells itself, families are doing the math, and for many, the numbers just don't add up.
Preventive detention is an extraordinary power in the hands of the state that must be used sparingly, said the Supreme Court as it set aside an order to detain a man indulging in money lending in Kerala.
'The government, if it deems fit, will incorporate the changes in the Bill, take approval from the Cabinet before moving the bill for consideration and passage in the Lok Sabha.'
Former chief justices of India, who have conveyed their views to a parliamentary committee on the bill proposing simultaneous polls, have endorsed the constitutionality of the 'one nation, one election' concept but have raised concerns over its various aspects, including the power given to the Election Commission, and offered suggestions.
Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyber frauds. Speaking at the Digital Payments Awards 2025 ceremony here, the minister credited fintechs with helping speed up financial inclusion and taking the payment system to even the far-flung areas of the country.
The incident took place around 4 am when hundreds of devotees gathered near the temple to witness Rath Yatra festivities, Puri district collector Siddharth S Swain said.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
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.
'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'
National Security Adviser Ajit Doval on Tuesday called for shunning double standards in combating terrorism and urged members of the Shanghai Cooperation Organisation (SCO) to hold accountable perpetrators, organisers and financers of cross-border terrorism, seen as reference to Pakistan.
'Every delay directly increases the cost burden on developers. Land holding charges, financing costs, and compliance expenses escalate as approvals drag on.'
Jharkhand Chief Minister Hemant Soren has distributed portfolios among the new ministers, keeping key departments such as Home, Personnel, and several others to himself. The Congress' Radhakrishna Kishore was given Finance, Commercial Tax, Planning and Development Department, and Parliamentary Affairs departments. JMM's Deepak Biruwa was allotted the departments of Revenue, Registration and Land Reforms (non-registration), and Transport. Chamra Linda, another JMM leader, was allotted the departments of Schedule Tribes, Scheduled Castes, Backward Classes (except Minority Welfare). RJD's Sanjay Prasad Yadav was given the departments of Industries, and Labour, Planning, Training and Skill Development. The Congress' Irfan Ansari got Health, Medical Education and Family Welfare, besides Food, Public Distribution and Consumer Affairs, and Disaster Management departments. The chief minister also kept to himself the departments of Cabinet Secretariat, Personnel, Administrative Reforms and Official Language, Road Construction, Building Construction, and those departments yet to be distributed to anyone. Among the other ministers, JMM's Ramdas Soren was given the School Education and Literacy, and Registration departments. Party colleague Hafizul Hasan was allotted the departments of Water Resources, and Minority Welfare Department. Panchayati Raj, Rural Works, and Rural Development departments were given to Congress MLA Deepika Pandey Singh. The CM gave Drinking Water and Sanitation, and Excise and Prohibition departments to JMM's Yogendra Prasad. JMM legislator Sudhivya Kumar became the minister for Urban Development and Housing, Higher and Technical Education, and Tourism, Art Culture, Sports and Youth Affairs departments. Shilpi Neha Tirkey of the Congress was allotted Agriculture, Animal Husbandry and Cooperative Department. A total of 11 MLAs took oath as ministers in the Hemant Soren government in Jharkhand on Thursday.
'We are ready to deliver a Brisbane 2032 games that will leave the same incredible legacy for Queensland.'
'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.
Truck rentals saw a positive momentum across most key trunk routes due to an increased pre-kharif agricultural activity and a resilient manufacturing sector. The Kolkata-Guwahati-Kolkata corridor witnessed a month-on-month (M-o-M) rise of 2.4 per cent, while the Mumbai-Chennai-Mumbai route grew by 1.9 per cent and the Delhi-Hyderabad-Delhi route saw a 1.6 per cent increase in truck rentals, said June edition of the Shriram Mobility Bulletin.
With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US.
The growing rift between MSIL and rival automakers has complicated the government's efforts to finalise the CAFE norms.
In a major initiative, Pakistan has announced the establishment of its first government-backed Strategic Bitcoin reserve as it invited investment in the country's crypto markets.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
States are on track of fiscal consolidation with their total borrowings reaching Rs 5 trillion till October, which is 60 per cent of the projected borrowings of Rs 8.38 trillion till December 2024, according to data from official sources. Government officials said the lower-than-projected borrowings by states were a sign of prudent fiscal management by them. States announce their borrowing plans every quarter.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
After the merger of regional rural banks (RRBs) under the "One State, One RRB" policy to improve their efficiency and minimise competition among public-sector banks (PSBs) that sponsor them, the government is planning to list at least five RRBs by the end of financial year 2026-27 (FY27). After the latest amalgamation that came into effect on May 1, there are 28 RRBs in 26 states and two Union Territories (UTs), with more than 22,000 branches covering 700 districts.
He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.
Jaishankar said that the Pahalgam attack "was an act of economic warfare. It was meant to destroy tourism in Kashmir, which was the mainstay of the economy. It was also meant to provoke religious violence because people were asked to identify their faith before they were killed."
Modi, who visited Cyprus in the first leg of his three-nation visit, reiterated India's support for Cyprus's unity and for a peaceful resolution of the Cyprus Question based on UN Security Council resolutions, international law, and the EU Acquis.
India has opposed the International Monetary Fund's (IMF) proposal to extend fresh loans of USD 2.3 billion to Pakistan, citing concerns that the funds could be misused for financing state-sponsored cross-border terrorism. India abstained from voting at the IMF meeting, expressing concerns about Pakistan's track record and the possibility of debt financing being misused for terrorism. The IMF took note of India's statements and its abstention from the vote. India's opposition comes at a time when military conflict between India and Pakistan has intensified following a terrorist attack in Kashmir.
At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years.
Prime Minister Narendra Modi inaugurated the Pamban sea bridge, providing rail link between Rameswaram island and the mainland and flagged off the new Rameswaram-Tambaram (Chennai) train service. The bridge is India's first vertical sea-lift bridge, spanning 2.08 kilometers, and includes a 72.5-meter-long vertical lift span that can be raised up to 17 meters, allowing the smooth passage of large ships while ensuring seamless train operations. Built at a cost of over Rs 550 crore, the bridge features stainless steel reinforcement, high-grade paint, and fully welded joints, enhancing durability while reducing maintenance requirements. The bridge is a remarkable blend of tradition and technology.
India has for the first time secured a place among the top 100 out of 167 countries ranked for their progress in achieving the Sustainable Development Goals (SDGs), according to a report published on Tuesday. According to the UN Sustainable Development Solutions Network's 10th and latest Sustainable Development Report (SDR), India ranks 99th on the 2025 SDG Index with a score of 67, while China ranks 49th with 74.4 and the US 44th with 75.2 points.
From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra, Maruti and Mahindra & Mahindra were among the laggards.
Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China.
The police claim to have cracked the case, reminiscent of the recent Meghalaya honeymoon murder, within a week of receiving a complaint alleging that Tejeshwar (32) went missing.
Domestic gold jewellery consumption is likely to decline by 9-10 per cent in 2025-26, mainly due to a 33 per cent surge in gold prices, a report said on Thursday. The consumption of bars and coins increased 17 per cent and 25 per cent, respectively, in FY24 and FY25, reflecting investor preference for safe-haven assets amid global macroeconomic uncertainty and heightened geopolitical and trade tensions, Icra said in the report.
'Once bitten, twice shy, I didn't take up the challenge this time...' 'I realised I had failed to follow my karma because I feared failure.'
'Today, we have 2 million active drivers earning through our platform every month.'
Indians are the main beneficiaries of the H-1B visas, which bring in the best of the talent and brains from across the world. Highly skilled professionals from India walk away with the overwhelming number of H-1B visas - which is Congressional mandated 65,0000 every year and another 20,000 for those who received higher education from the US.
He then went on to say that, however, he won't get a Nobel Peace Prize for any of his efforts.
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