Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.
The cancellation means the Leh-based institute will no longer be able to receive or utilise foreign funding.
Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system. The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday.
'Some films are meant to more than just entertain you. They are meant to challenge, provoke, push you to think, instil change, and be in the public conversation.' 'That is Haq.'
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
The Supreme Court has sought responses from the Centre and the Ladakh administration regarding the detention of climate activist Sonam Wangchuk under the National Security Act (NSA). Wangchuk's wife has filed a plea challenging the detention, claiming it violates his fundamental rights. The court has given the Centre and Ladakh administration 10 days to respond and has scheduled the next hearing for November 24.
Shilpa Shetty, involved in a Rs 60-crore cheating case with Raj Kundra, withdrew her application to travel abroad as plans did not materialize. The court accepted the withdrawal and scheduled a hearing for their plea seeking suspension of the Look Out Circular on November 17.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
Two senior Assam Police officials have arrived in Singapore to investigate the death of singer Zubeen Garg, who died under mysterious circumstances last month. An SIT is probing the case after multiple FIRs were filed.
'Government officials use Gmail and ordinary phones without basic security consciousness.' 'Interoperability, especially in joint exercises with countries like the US, worries me.' 'It often means we open our systems to them, but they don't reciprocate.' 'They could have kill switches in their systems and might even be able to affect ours.'
'The rescue of 17 children represents exemplary police action that merits considerable appreciation.' 'However, this encounter was profoundly unfortunate because somebody has lost his life.'
Every 1 per cent per annum of investment costs is a matter of life or death, points out Avinash Luthria.
The Supreme Court declined to initiate contempt action against a lawyer who hurled a shoe at the Chief Justice of India, citing the CJI's own refusal to proceed against him. The court is considering guidelines to prevent such incidents.
The Supreme Court is considering entrusting the CBI with the investigation into digital arrest cases, citing the magnitude and pan-India spread of such crimes. The court has sought details of FIRs registered in different states and union territories and is monitoring the progress of the investigation.
The Supreme Court on Monday deferred to October 13 the hearing on a plea of telecom major Vodafone Idea Ltd seeking quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17.
Delhi is preparing for its first artificial rain through cloud seeding to combat air pollution. A trial run was successful, and the first rainfall is expected on October 29 if weather conditions are favorable.
Kramnik's comments shameful but where were Naroditsky's friends when he was alive? FIDE CEO
While UIDAI has given a nod for face authentication, banks need to join the process.
A Bengaluru-bound private bus from Hyderabad caught fire in this district on Friday after colliding with a two-wheeler, leaving 20 people dead, most of them charred to death, a senior police official said.
Building a good stock portfolio is not only about picking strong companies but also about understanding how corporate actions affect your holdings. Corporate actions such as stock splits, dividends, bonus issues, rights issues, mergers, and buybacks can change a company's valuation, share price, and your ownership.
Singapore Police Force (SPF) is likely to provide crucial evidence, including CCTV footage and statements of eye witnesses, related to the death of Zubeen Garg within the next 10 days, a senior official said on Friday.
rediffGURU Dr Nagaraj JSK guides aspirants on how to pick the right course and college for your career.
Supreme Court judge Surya Kant expressed his reluctance to order urgent listing of cases on the same day, except in extreme circumstances, highlighting the workload and sleep deprivation of judges.
If there's one fashion accessory celebrities swear by, it's probably their designer handbags.
Developing relations with the Taliban is needed, but plunging headlong into Afghanistan without due thought will be akin to the rooster entering a KFC outlet, warns Lieutenant General Prakash Katoch (Retd).
'I need 3-4 lakhs for the wedding. All prospective grooms demand a motorcycle which costs 1 to 1.5 lakhs, then you have to also give a bed, cupboard, utensils, fridge,' says Kamala, her wrinkled forehead furrowing with despair.
Screenings of the Marathi film 'Manache Shlok' were disrupted in Maharashtra due to objections to the title. The director, Mrunmayee Deshpande, expressed disappointment, and the film will be re-released with a new title. Congress spokesperson Sachin Sawant criticized the protests.
'So make sure first you pick the right characters and then if you see that, try and give them a longer run so that they themselves should be content and happy that they've got a longer run rather than just chopping and changing as well.'
The Kerala High Court has directed the state police to register a criminal case and launch an investigation into the misappropriation of gold from a shrine's side frames or lintels.
The 100 per cent withdrawal provision and the 25 per cent minimum balance provision have led to some confusion.
According to Mr Babar, within four days of this interview the Mumbai terror attack was underway, bringing the two countries closest to war in years -- 'The warmongers shattered Zardari's dream of peace with India'.
A life-size statue of former India captain and chairman of selectors Dilip Vengsarkar will be installed at the Wankhede Stadium in Mumbai, the Mumbai Cricket Association announced on Wednesday.
Whether Trump will actually press ahead with the oil sanctions remains unclear, since keeping Russian oil out of the world market risks high oil prices which could boomerang on the US economy and be damaging politically for Trump, points out Ambassador M K Bhadrakumar.
Sawant congratulated the Indian team for winning the Asia Cup and also congratulated Yadav for giving the winning amount to the Indian Army.
When illness strikes, this cover cushions the fall -- guarding health, finances, and the family's fragile future
New Delhi might have loudly welcomed an age of multipolarity, hedging and strategic autonomy. But it seems the winner in that game is Islamabad, not us, points out Mihir S Sharma.
On Amitabh Bachchan's 83th birthday, fans in Kolkata celebrated their idol's big day in a temple dedicated to the star.
Dr Sonali Ghosh, the first woman to head the Kaziranga National Park and the first Indian to win the IUCN's Kenton Miller Award, has turned her childhood love for nature into an inspiring career in wildlife protection and leadership.
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