Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
A higher TER means a larger portion of the return goes to the AMC, leaving less for the investor, unless compensated by higher returns.
Saurav Ghosh's step-by-step guide will help you understand what bonds are, how they help investors make money, how much money they make and which bonds to invest in.
Dwaipayan Bose explains what momentum investing is, how it works, why it generates higher returns and has higher wealth creation potential.
It is time for India to raise its voice not just through military prowess, but through professionalism, principled voting and partnerships, asserts Deepak Mishra.
'India enjoys conventional superiority, but nuclear deterrence imposes clear boundaries.'
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
After cement, billionaire Gautam Adani's group and Kumar Mangalam Birla's Aditya Birla Group are set for a face-off in the wires and cable business with both conglomerates announcing forays into the high double-digit growth sector.
Hero MotoCorp is expecting its electric vehicle (EV) business to break even once it reaches monthly sales volumes of 25,000 to 30,000 units, which is a couple of years away, Chief Financial Officer (CFO) Vivek Anand said on Tuesday. "This year, in 2024-25 (FY25), if I really look at my EV performance, our volumes have grown by 200 per cent," Anand told analysts during the company's post-results conference call.
'We do not want to fall into a trap of uncontrolled escalation or all out conflict.' 'When the need arises we will do that.'
The Border Security Force (BSF) launched "Operation Sindoor" in retaliation to unprovoked firing and shelling by Pakistani Rangers along the International Border (IB) in Jammu. BSF troops destroyed three terrorist launch pads and targeted 76 Pakistani border outposts and 42 forward defence locations. The BSF action came after Pakistan launched heavy firing and shelling on 60 Indian posts and 49 forward positions, reportedly providing cover for an attempted infiltration by 40-50 terrorists.
The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.
It is time we buried the mantra of 'peaceful and stable Pakistan is in our interest'. It is not, simply because Pakistan's existence -- that is synonymous with its army -- means peace has no chance, asserts Colonel Anil A Athale (Retd). It is time we buried the mantra of 'peaceful and stable Pakistan is in our interest' asserts Colonel Anil A Athale (Retd).
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
'Neither are Baloch insurgents capable of breaking up Pakistan, nor has Pakistan learned any lessons from the 1971 debacle that led to the country's dismemberment.'
Security forces on Saturday extended the ongoing search operation to new areas after the body of the fourth policeman and two slain terrorists were recovered from the scene of a gunfight in a remote forested area in Kathua district of Jammu and Kashmir, officials said.
There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.
'Looking at how quickly the hostilities were escalating, the nuclear threshold did not seem that far.'
'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'
Pakistan suffered an 85 per cent loss after spending Rs 869 crore for hosting the Champions Trophy 2025.
Former India captain Krishnamachari Srikkanth launched a scathing tirade on struggling Chennai Super Kings following their fifth consecutive defeat in the ongoing edition of the Indian Premier League.
'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'
'Investors should continue with their SIPs, especially during market corrections.' 'For those looking to start new SIPs, beginning with large-cap funds is a prudent strategy, followed by flexi-cap and value-oriented approaches.'
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.
Here's a formula that helps you understand how much money you will need to retire early in India and simple steps to achieve it.
Gulveer Singh clocked 28 minute 38.63 seconds to win the gold to claim the gold medal in the men's 10,000m race at the Asian Athletics Championships.
It was Rishabh Pant's brief, unconvincing stint at the crease that starkly epitomised his season-long struggle
'Increasingly, they treat gold as a financial asset in their portfolio rather than just as jewellery.'
'Everyone with a low BMI will not get Type 5 diabetes.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
'Pick up momentum and find opportunities from an intelligence-sharing standpoint.'
Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
Buying makes sense for those planning to stay in a city for at least 7 to 10 years. Financial preparedness is crucial.
The openers have not given India the start they were looking for, the bowlers have not taken wickets in the opening overs...
Mumbai -- home to industry titans and Bollywood stars -- is witnessing a slow offtake of houses priced between Rs 10 crore and Rs 50 crore. Industry insiders and real estate watchers explain why.
Crorepatis build wealth through disciplined saving, smart investing, and strategic risk-taking, proving that true financial freedom is earned, not inherited, says Ramalingam Kalirajan
India is at war with terrorists and will bring justice to victims of the Pahalgam attack by holding the perpetrators accountable, Indian Ambassador to the US Vinay Kwatra has said. He underscored that India launched 'Operation Sindoor' on May 7, striking terror factories at nine locations in Pakistan and Pakistan-occupied Kashmir in retaliation for the Pahalgam terror attack that killed 26 civilians. Kwatra also criticized Pakistan for its continued support of terrorism and said that the world should be concerned about this.
Automobile giant Tata Motors' shares were in demand on Wednesday as the stock rallied as much as 3.69 per cent to hit an intraday high of Rs 671.80 per share, before settling 3.18 per cent higher at Rs 668.45. By comparison, the BSE Sensex settled 0.10 per cent, or 72.56 points, lower at 74,029.76.
