News for 'Union Bank of India Rs'

Strategy to invest in debt instruments

Strategy to invest in debt instruments

Rediff.com15 Feb 2010

Compare the post tax returns and tenure of debt instruments before investing.

RBI Governor Is A Trapeze Artist

RBI Governor Is A Trapeze Artist

Rediff.com28 Dec 2022

Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.

The little-known company that's buying up distressed telcos

The little-known company that's buying up distressed telcos

Rediff.com24 Jan 2020

UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.

SBI's merger plan may lead to a banking meltdown

SBI's merger plan may lead to a banking meltdown

Rediff.com5 Oct 2016

'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'

'Kushti' in Kerala, 'dosti' in Tripura: Modi on Cong-CPI alliance

'Kushti' in Kerala, 'dosti' in Tripura: Modi on Cong-CPI alliance

Rediff.com11 Feb 2023

Modi claimed that some other parties were also helping the opposition alliance from behind but any vote for them will take Tripura several years backward.

One-day strike: Economy loses a whopping Rs 25,000 crore

One-day strike: Economy loses a whopping Rs 25,000 crore

Rediff.com2 Sep 2015

As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.

Mallya's loan default case: CBI seeks help of four nations

Mallya's loan default case: CBI seeks help of four nations

Rediff.com17 Mar 2016

Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner

Major drivers for the equity markets this week

Major drivers for the equity markets this week

Rediff.com24 Jan 2022

Equity markets will look for directions from global trends, ongoing quarterly earnings and investment patterns of foreign institutional investors (FIIs) in a holiday-shortened week ahead and may encounter volatility amid the scheduled monthly derivatives expiry, according to analysts. Equity markets will remain closed on Wednesday on account of 'Republic Day'. "This week is a holiday-shortened one and it's going to be critical due to the list of events and data that are lined up.

What you must know about new home loan rates

What you must know about new home loan rates

Rediff.com9 Jan 2019

'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'

FinMin says no fresh funds for state-run banks in Budget

FinMin says no fresh funds for state-run banks in Budget

Rediff.com20 Jun 2014

Union Finance Minister Arun Jaitley is set to present the Budget next month.

Ask MF Guru: 'Can I achieve Rs 1 crore target in 10 years?'

Ask MF Guru: 'Can I achieve Rs 1 crore target in 10 years?'

Rediff.com19 Mar 2021

Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.

Just started investing in stocks? Here's some advice

Just started investing in stocks? Here's some advice

Rediff.com3 Dec 2020

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Banks' capital adequacy ratio at 6-year low

Banks' capital adequacy ratio at 6-year low

Rediff.com3 Sep 2014

Their net NPA as a proportion of net advances were 2.2 per cent, compared with 1.7 per during the same period a year earlier.

BSNL, MTNL to be merged; Rs 68,751-cr revival package unveiled

BSNL, MTNL to be merged; Rs 68,751-cr revival package unveiled

Rediff.com23 Oct 2019

The package includes raising of Rs 15,000 crore sovereign bonds to meet the immediate capital requirement of both the companies, 4G spectrum allocation worth Rs 20,140 crore, Rs 29,937 crore for VRS covering 50 per cent of their employees, and Rs 3,674 crore for goods and services tax that will be levied on allocation of radiowaves.

SC's 4th Constitution bench to start hearing note ban pleas

SC's 4th Constitution bench to start hearing note ban pleas

Rediff.com27 Sep 2022

The Supreme Court on Tuesday constituted another five-judge Constitution bench which will hear five crucial cases including the challenge to the central government's 2016 decision to demonetise Rs 500 and Rs 1000 currency notes.

BJP Going All Out To Win Karnataka, But...

BJP Going All Out To Win Karnataka, But...

Rediff.com27 Jan 2023

The Congress and JD-S have made much of Amit Shah's remarks about milk co-operatives. 'If the Opposition harps on the statement, it could add to the narrative that Gujarat was trying to take over Karnataka.'

Modi offers prayers at Kedarnath, Badrinath temples

Modi offers prayers at Kedarnath, Badrinath temples

Rediff.com21 Oct 2022

Prime Minister Narendra Modi offered prayers at the famous Kedarnath temple in Uttarakhand's Rudraprayag district on Friday.

Union Budget: BSE seeks cut in Securities Transaction Tax

Union Budget: BSE seeks cut in Securities Transaction Tax

Rediff.com7 Jul 2014

Sectors throw up a wishlist for the Finance Minister.

PNB may be allowed to spread fraud losses over 4 quarters

PNB may be allowed to spread fraud losses over 4 quarters

Rediff.com28 Mar 2018

With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank's estimated net worth of Rs 40,000 crore could be affected.

Airlines told to share international fliers' PNR with customs

Airlines told to share international fliers' PNR with customs

Rediff.com9 Aug 2022

With this, India joins 60 other countries that collect PNR details of international passengers.

Tribunal issues notice against Jet resolution

Tribunal issues notice against Jet resolution

Rediff.com3 Sep 2021

Public sector lender Punjab National Bank (PNB) has moved the Insolvency appellate tribunal NCLAT against the approval of bids for defunct airline Jet Airways. The National Company Law Appellate Tribunal (NCLAT) bench has issued a notice over the PNB's petition along with its interim plea seeking a stay over the execution of the resolution plan. A three-member bench has directed the Resolution Professional of Jet Airways along with other parties including the Committee of Creditors to file a reply within two weeks and rejoinder, if by PNB, within one week.

Time to create mother of all mutual funds

Time to create mother of all mutual funds

Rediff.com7 Dec 2017

The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.

Modi launches Jan Dhan scheme, 1.5 cr bank accounts opened

Modi launches Jan Dhan scheme, 1.5 cr bank accounts opened

Rediff.com28 Aug 2014

Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.

6 companies join Rs 2 lakh crore M-cap club

6 companies join Rs 2 lakh crore M-cap club

Rediff.com23 Jan 2015

HDFC and HUL are the latest entrants in the club

How must govt use RBI's Rs 1.76 lakh crore

How must govt use RBI's Rs 1.76 lakh crore

Rediff.com30 Aug 2019

'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'

Was Rs 42,200-crore worth dirty money deposited in Jan-Dhan accounts post DeMO?

Was Rs 42,200-crore worth dirty money deposited in Jan-Dhan accounts post DeMO?

Rediff.com12 Sep 2018

The CBDT has begun the process of matching the deposits in accounts opened under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), or Jan-Dhan accounts, with the profile of the depositors.

Sensex rules firm for the 3rd day; banks, metals shine

Sensex rules firm for the 3rd day; banks, metals shine

Rediff.com22 Dec 2014

Sensex is trading firm; FMCG, real estate going strong.

Rupee slides to all-time low of 82.30 against dollar

Rupee slides to all-time low of 82.30 against dollar

Rediff.com7 Oct 2022

The rupee depreciated further by 13 paise to hit a new life-time closing low of 82.30 against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and elevated crude oil prices sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 82.19, then fell further to 82.43. It finally settled at an all-time low of 82.30 against the American currency, registering a decline of 13 paise over its previous close.

India reeling under cash crunch, but this mint can't print Rs 2,000 notes

India reeling under cash crunch, but this mint can't print Rs 2,000 notes

Rediff.com9 Dec 2016

In the third of a four-part series, Business Standard reporter travels to Nashik to assess how the currency press there is responding to demonetisation.

Railways launch RuPay pre-paid debit card

Railways launch RuPay pre-paid debit card

Rediff.com24 Mar 2015

Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards.

'Bandhan should not fall for corporate banking'

'Bandhan should not fall for corporate banking'

Rediff.com13 Jun 2016

Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.

No plan to print currency notes to tide over crisis: Sitharaman

No plan to print currency notes to tide over crisis: Sitharaman

Rediff.com26 Jul 2021

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the finance minister said, "No Sir". Many economists and experts have suggested to the government to print more currency notes to tide over the difficult economic situation with a view to support the economy ravaged by the spread of COVID-19, and protect jobs.

Govt acts tough against Greenpeace India, freezes bank accounts

Govt acts tough against Greenpeace India, freezes bank accounts

Rediff.com9 Apr 2015

In a tough action, the Government on Thursday barred Greenpeace India from receiving foreign funds with immediate effect by suspending its licence for six months and froze all its accounts, alleging it has "prejudicially" affected the country's public and economic interests.

SP Group's Pallonji Mistry passes away at 93

SP Group's Pallonji Mistry passes away at 93

Rediff.com28 Jun 2022

Shapoorji Pallonji Group's head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.

The Mudra Mela Muddle

The Mudra Mela Muddle

Rediff.com13 Sep 2021

Not only has the Mudra loan mela generated no jobs, it has frittered away trillions of taxpayers' money and it's time to bury the scheme, argues Debashis Basu.

Major relief for realty sector; govt nod for Rs 25,000 crore fund

Major relief for realty sector; govt nod for Rs 25,000 crore fund

Rediff.com6 Nov 2019

The move is likely to help 4.59 lakh housing units across the country.

Modiji, Do You Have A Plan To Improve Education?

Modiji, Do You Have A Plan To Improve Education?

Rediff.com30 Jan 2023

When was the last time we heard this government speaking of the disaster in primary education, rather than Ganga cruises and cheetahs? Less money -- Rs 88,000 crore -- was spent by the Union government on education in its last Budget than has been allocated to the Bullet train, notes Aakar Patel.

Jaitley lowers cash donation limit for parties to Rs 2,000

Jaitley lowers cash donation limit for parties to Rs 2,000

Rediff.com1 Feb 2017

Finance Minister Arun Jaitley said political parties will be entitled to receive donations by cheque or digital mode from their donors.

How India lost Rs 50,000 crore in taxes

How India lost Rs 50,000 crore in taxes

Rediff.com16 Apr 2016

Agricultural incomes can be taxed without hurting farmers, as a substantial section - the small and marginal ones - will remain outside the tax net simply because their incomes are likely to be below the basic exemption limit of Rs 250,000 per annum that is extended to all taxpayers in India, finds out Ishan Bakshi.

All you must know about education loan for B-schools

All you must know about education loan for B-schools

Rediff.com1 Mar 2015

There are certain key points that one must know when while applying for education loans