News for 'State for Finance'

Stock markets rally as RBI cuts rate; Sensex jumps 447 points

Stock markets rally as RBI cuts rate; Sensex jumps 447 points

Rediff.com5 Dec 2025

From the Sensex firms, State Bank of India, Bajaj Finserv, Bajaj Finance, Maruti, HCL Tech, Larsen & Toubro, Mahindra & Mahindra and Infosys were among the major winners. However, Hindustan Unilever, Eternal, Tata Motors Passenger Vehicles, and Sun Pharma were among the laggards.

Sensex sheds 436 pts on profit booking in bank, oil shares

Sensex sheds 436 pts on profit booking in bank, oil shares

Rediff.com9 Dec 2025

Among the Sensex constituents, Asian Paints, Tech Mahindra, HCL Technologies, Tata Steel, Maruti Suzuki India, Sun Pharmaceuticals, Tata Consultancy Services, ICICI Bank, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra and Tata Motors Passenger Vehicles were the laggards. However, Eternal, Titan, Adani Ports, Bharat Electronics Ltd, State Bank of India, Bajaj Finserv, NTPC and Bharti Airtel were among the gainers.

'India Should Move Quickly As Conditions Change'

'India Should Move Quickly As Conditions Change'

Rediff.com2 Jan 2026

'The real story of 2025 is that India officially stopped being a 'market of the future' and started acting as the world's primary economic engine.'

Sensex, Nifty scale record highs on rate cut hopes

Sensex, Nifty scale record highs on rate cut hopes

Rediff.com27 Nov 2025

Among Sensex firms, Bajaj Finance, ICICI Bank, Hindustan Unilever, Bajaj Finserv, HCL Tech and HDFC Bank were the major gainers. However, Maruti, Eternal, UltraTech Cement and State Bank of India were among the laggards.

Bengal SIR redraws voter map with over 58 lakh deletions

Bengal SIR redraws voter map with over 58 lakh deletions

Rediff.com17 Dec 2025

The Election Commission released the names of deleted voters in West Bengal ahead of the publication of the draft electoral rolls for the upcoming assembly elections.

Fino 1st payments bank to get RBI nod to turn SFB

Fino 1st payments bank to get RBI nod to turn SFB

Rediff.com6 Dec 2025

Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB).

How New Labour Code Will Change The Workplace

How New Labour Code Will Change The Workplace

Rediff.com25 Nov 2025

From appointment letters becoming mandatory to gig workers receiving social security to enhanced rights for women and contract labour, the changes reflect India's attempt to balance ease of doing business with stronger worker welfare.

Bihar's Populist Promises Clash With Fragile Economy

Bihar's Populist Promises Clash With Fragile Economy

Rediff.com15 Oct 2025

A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.

'Shame students have to...': Trump's $1M 'Gold Card' unveiled

'Shame students have to...': Trump's $1M 'Gold Card' unveiled

Rediff.com11 Dec 2025

Trump described the Gold Card as a "Green Card, but much better, much more powerful, a much stronger path and a path is a big deal. Have to be great people, but much stronger path", which also helps companies.

Govt plans to levy excise duty on tobacco, cess on pan masala

Govt plans to levy excise duty on tobacco, cess on pan masala

Rediff.com1 Dec 2025

Finance Minister Nirmala Sitharaman on Monday introduced two bills in the Lok Sabha to levy excise duty on tobacco and tobacco products, and a new cess on manufacturing of pan masala, which will replace the GST compensation cess on such sin goods.

Sensex ends down 314 points due to selling in IT and auto shares

Sensex ends down 314 points due to selling in IT and auto shares

Rediff.com25 Nov 2025

Among Sensex stocks, Tata Motors Passenger Vehicles, Trent, Infosys, Power Grid, HDFC Bank, HCL Tech, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were the major laggards. However, Bharat Electronics, State Bank of India, Tata Steel, Eternal, Bharti Airtel and Reliance Industries were the gainers.

FATF lauds India's ED as model asset recovery agency

FATF lauds India's ED as model asset recovery agency

Rediff.com11 Nov 2025

In its report, 'Asset Recovery Guidance and Best Practices', the global money laundering and terrorist financing watchdog, shared multiple examples from cases investigated by the ED, citing them as models of effective asset recovery practice and inter-agency coordination.

Lok Sabha passes Finance Bill 2025 with 35 amendments

Lok Sabha passes Finance Bill 2025 with 35 amendments

Rediff.com25 Mar 2025

The Lok Sabha on Tuesday passed the Finance Bill 2025, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements.

The Finance Minister Who Changed India

The Finance Minister Who Changed India

Rediff.com28 Dec 2024

Dr Manmohan Singh first embossed himself on the national consciousness when as India's finance minister he flagged off economic reforms which changed this nation forever.

'People Knew Manmohan Singh Had No Vested Interest'

'People Knew Manmohan Singh Had No Vested Interest'

Rediff.com29 Nov 2025

'Maybe he was wrong, but they believed he genuinely meant what he said.'

Airfares May Surge After Court Order

Airfares May Surge After Court Order

Rediff.com19 Dec 2025

The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.

SC asks CBI to probe digital arrest scams nationwide

SC asks CBI to probe digital arrest scams nationwide

Rediff.com1 Dec 2025

The Supreme Court has directed the CBI to conduct a pan-India investigation into digital arrest scams and questioned the RBI about its lack of AI usage in detecting and freezing accounts used by cybercriminals.

How Modi's Committee-Led Governance Is Driving Reforms

How Modi's Committee-Led Governance Is Driving Reforms

Rediff.com12 Dec 2025

The change in the government's engagement with the economy's need for reforms is more nuanced than how analysts have so far perceived it, points out A K Bhattacharya.

'We Want To Boost Religious Tourism'

'We Want To Boost Religious Tourism'

Rediff.com17 Oct 2025

Rajasthan's finance department has approved about Rs 23 crore for the renovation, beautification and development of religious tourist destinations.

India on track to surpass $4 trn GDP in FY26: CEA

India on track to surpass $4 trn GDP in FY26: CEA

Rediff.com26 Nov 2025

India is on track to exceed the $4 trillion milestone in 2025-26 (FY26), surpassing the $3.9 trillion gross domestic product (GDP) mark recorded at the end of March 2025, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday.

Year of the Woman: How India's Sportswomen Owned 2025

Year of the Woman: How India's Sportswomen Owned 2025

Rediff.com30 Dec 2025

They weren't up for a windfall even after the trophy but life was certain to get a lot better as some sponsors and state governments stepped up to lift them financially.

EAC-PM chair calls for raising investment rate

EAC-PM chair calls for raising investment rate

Rediff.com20 Nov 2025

India needs to increase the investment rate to 34-35 per cent from 31-32 per cent currently to achieve a growth rate of 7 per cent and above, said S Mahendra Dev, chairman, economic advisory council (EAC) to the Prime Minister, on Wednesday.

M&M, Manulife to form life insurance JV with 7,200 crore investment

M&M, Manulife to form life insurance JV with 7,200 crore investment

Rediff.com14 Nov 2025

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.

Active banking funds fail to capitalise on PSU rally: Value Research data

Active banking funds fail to capitalise on PSU rally: Value Research data

Rediff.com29 Nov 2025

Sectoral funds, focused exclusively on public sector banks (PSBs), have delivered the strongest returns among domestic mutual fund (MF) categories over the past six months. However, active banking funds have significantly lagged because of their heavy tilt towards private lenders.

India rejects IMF view that US tariffs will stay indefinitely, hit growth

India rejects IMF view that US tariffs will stay indefinitely, hit growth

Rediff.com27 Nov 2025

The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.

'Hinduism Is A Large-Hearted Religion'

'Hinduism Is A Large-Hearted Religion'

Rediff.com10 Dec 2025

'If at all human beings require a religion, the future religion will be Hinduism.'

Indian Digital Payment Intelligence Corporation To Combat Fraud

Indian Digital Payment Intelligence Corporation To Combat Fraud

Rediff.com26 Nov 2025

It will enable real-time intel sharing among banks and other financial sector participants to strengthen customer protection against digital fraud.

Sensex tanks over 519 points on foreign fund outflows

Sensex tanks over 519 points on foreign fund outflows

Rediff.com4 Nov 2025

From the Sensex firms, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Electronics, were among the major laggards. However, Titan, Bharti Airtel, Bajaj Finance, Mahindra & Mahindra, and State Bank of India were the gainers.

These States Stay on Fiscal Track Despite Populist Schemes

These States Stay on Fiscal Track Despite Populist Schemes

Rediff.com11 Mar 2025

Uttar Pradesh, Gujarat and Odisha budgets maintain revenue surpluses despite welfare schemes while Rajasthan and West Bengal face high debt, fiscal deficits and low capital outlay.

Vijay praises BJP-partnered Puducherry government

Vijay praises BJP-partnered Puducherry government

Rediff.com9 Dec 2025

Actor-politician Vijay held his first public meeting in Puducherry, criticising the central government for neglecting the union territory's demand for statehood and praising the local government's impartiality. He also targeted the DMK government in Tamil Nadu, suggesting they could learn from Puducherry.

Cong suspends Navjot Kaur Sidhu after '500 cr for CM' remark

Cong suspends Navjot Kaur Sidhu after '500 cr for CM' remark

Rediff.com9 Dec 2025

The Punjab Congress has suspended Navjot Kaur Sidhu from its primary membership after she made a controversial remark about the chief minister's chair costing Rs 500 crore.

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

Rediff.com7 Nov 2025

Adani Enterprises' subsidiary Kutch Copper (KCL) and Australian Securities Exchange-listed Caravel Minerals on Thursday signed a non-binding memorandum of understanding (MoU) for collaboration on the Caravel Copper Project in Western Australia's Murchison region, for an undisclosed amount, according to a joint statement.

Assam varsity shut after protest against VC over corruption charges

Assam varsity shut after protest against VC over corruption charges

Rediff.com2 Dec 2025

Students at Tezpur University in Assam have shut down the institution, protesting against Vice Chancellor Shambhu Nath Singh over allegations of corruption and financial irregularities. The shutdown has led to the cancellation of end-term examinations and has garnered support from teachers and non-teaching staff.

Sensex, Nifty settle with modest gains

Sensex, Nifty settle with modest gains

Rediff.com14 Nov 2025

From the Sensex pack, Eternal, Bharat Electronics Ltd, Trent, Axis Bank, State Bank of India, Bajaj Finance, Sun Pharmaceuticals, Asian Paints, Adani Ports, Hindustan Unilever, Reliance Industries, ITC, PowerGrid, Tata Motors Ltd's Commercial Vehicles business, and Bajaj Finserv were the gainers. Infosys, Tata Motors Passenger Vehicles, Tata Steel, ICICI Bank, Tech Mahindra, Titan, UltraTech Cement, Maruti Suzuki India, and Larsen & Toubro were the laggards.

Kremlin Didn't Know About Modi Gesture

Kremlin Didn't Know About Modi Gesture

Rediff.com5 Dec 2025

The Russians have termed Putin's visit to India, his first to this country since the outbreak of the Russia-Ukraine war, as 'Druzhba Dosti', which means 'friendship' in Russian and Hindi respectively.

'Could Ajit Pawar Have Known?'

'Could Ajit Pawar Have Known?'

Rediff.com7 Nov 2025

'Everyone involved in this transaction must be punished and penalised.'

Loan growth, profitability seen improving for public sector banks

Loan growth, profitability seen improving for public sector banks

Rediff.com10 Dec 2025

The Indian banking sector could be due for a rise in profitability after several quarters of net interest margin (NIM) compression. The Q2FY26 results suggest NIMs have bottomed out.

Schools shut, leaves cancelled, blackout in many states as tensions soar

Schools shut, leaves cancelled, blackout in many states as tensions soar

Rediff.com8 May 2025

Several Indian states bordering Pakistan have implemented stringent security measures, including school closures, blackouts, and cancellation of leave for police and administrative personnel, in response to escalating tensions between India and Pakistan. These measures were taken after India conducted airstrikes on terror infrastructure in Pakistan in retaliation for the April 22 Pahalgam massacre. Punjab, Haryana, Rajasthan, Gujarat, and West Bengal have all implemented these precautionary measures.

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

Rediff.com10 Nov 2025

The Bengaluru police have launched a probe into a cyber fraud case where hackers allegedly infiltrated the official email communication between city-based Group Pharmaceuticals and Dr Reddy's Laboratories, Hyderabad, successfully diverting a payment of Rs 2.16 crore to a fraudulent account.

IndiGo Board Unsure If CEO Must Go

IndiGo Board Unsure If CEO Must Go

Rediff.com9 Dec 2025

'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'