SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
Outward remittances under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) saw a 7.85 per cent year-on-year contraction in April 2026, primarily driven by reduced international travel spending due to global uncertainty stemming from the US-Iran conflict.
A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."
Beyond imprisonment, candidates caught cheating face cancellation of examination scores, blacklisting under China's social credit system and multi-year bans from appearing in state examinations.
Marriage, childbirth, dependent parents and ageing increase the cover a person needs.
The Indian education ministry has undergone a significant reshuffle of top officials, including the removal of higher education secretary Vineet Joshi, amidst widespread controversies surrounding NEET-UG paper leaks and CBSE digital evaluation glitches, with the opposition demanding the resignation of Minister Dharmendra Pradhan.
The failure of the State when it directly affects our lives, through a corrupt exam system, has produced this current anger, points out Aakar Patel.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
'Users should protect their savings goals before allocating money to discretionary expenditure.'
Dharmendra Pradhan's political career faced an unexpected jolt as he resigned as Education Minister following nationwide protests over the NEET paper leak, marking a significant departure from the government's initial dismissive response to the agitation.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
The Central Board of Indirect Taxes and Customs (CBIC) announced the implementation of the Eligible Manufacturer Importers (EMI) scheme from April 1, allowing eligible importers to defer customs duty payments.
Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.
The FBI has arrested eight individuals in California for allegedly defrauding the national healthcare system of over $50 million through fraudulent hospice care facilities.
A Station House Officer (SHO) in Hoshiarpur, Punjab, has been shifted to Police Lines following a fact-finding inquiry initiated by Punjab Police. This action comes after news reports linked the officer to an extortion-related investigation by the US Federal Bureau of Investigation (FBI) under "Operation Hard Ball," targeting India-based organised crime syndicates. The US indictment alleges the officer's involvement in a $400,000 extortion scheme using false murder charges, drawing significant political criticism.
A man in Thane has been accused of defrauding a woman of 12.5 lakh by posing as a government official and falsely promising her son's admission to IIT Bombay.
A High Performance national coach for rifle shooters, Manoj Kumar, is under inquiry by the Sports Authority of India (SAI) for allegedly conducting private coaching at a government facility and discriminating against non-attendees. Complaints from shooters and guardians detail pressure to name him as their official coach and unequal distribution of ammunition. The National Rifles Association of India (NRAI) secretary general has refuted the charges.
The Calcutta High Court has granted conditional bail to Sudipta Sen, the main accused in the multi-crore Saradha ponzi scheme, potentially leading to his release after 13 years in jail.
Avoid builders with very large commitments.
India's markets regulator, Sebi, has issued a warning to listed companies and regulated entities about an emerging cyber fraud known as the "Boss Scam." This scam involves fraudsters impersonating senior officials like CEOs or MDs to trick finance teams into transferring funds, often using advanced AI tools or malicious software. Sebi advises organisations to verify requests independently and report incidents to prevent financial losses.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Former India player Parthiv Patel has expressed confidence that Rohit Sharma will silence critics with a defining century in the series-deciding third ODI against England, amidst speculation that it could be his last international game. Reports suggest selectors have indicated Rohit is not in their plans for the 2027 World Cup, leading to retirement or dropping possibilities.
Prime Minister Narendra Modi is set to meet secretaries of key Union ministries and departments to review their performance, focusing on ease of living, ease of doing business, and 'Atmanirbhar Bharat' initiatives, amidst strong speculation of an impending Cabinet reshuffle.
A Pune court has granted bail to NCP (SP) office-bearer Mahadev Balgude, ruling that criticism of the government or chief minister does not constitute "waging war" against the nation. The court emphasised every citizen's right to comment on and criticise government actions, noting that the charges under Bharatiya Nyaya Sanhita Section 152 were debatable.
July 16 will be the biggest and happiest day of the year in Puri, home to the magnificent Jagannath Temple.
The FBI has arrested eight individuals in California for allegedly defrauding the national healthcare system of over USD 50 million through fraudulent hospice care facilities.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.
The Nirmohi Akhara has approached the Supreme Court, seeking a directive to the Centre to reconstitute the Shri Ram Janmabhoomi Theerth Kshetra Trust as a 'public trust' and include structural safeguards for oversight by seers, citing alleged large-scale embezzlement of donations.
Prime Minister Narendra Modi on Tuesday interacted with government secretaries and discussed with them on two key issues -- deregulation and other reforms for 'ease of doing business' and 'ease of living' and promoting 'Aatmanirbharta'.
Meghalaya has shown significant progress in digital transactions and financial inclusion, recording 32.76 crore digital transactions and nearly 10 lakh Jan Dhan accounts by 2025-26. Efforts like the JAM Trinity and financial literacy programmes have expanded banking access, with a high percentage of bank account holders adopting digital modes. The next phase focuses on enhancing financial literacy and cyber resilience, especially in rural areas.
'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
TMC supremo Mamata Banerjee has urged the Congress and CPI(M) to set aside their differences and unite under the INDIA bloc to fight the BJP in West Bengal. This marks a significant shift in the TMC's stance, which has historically been a bitter rival to the Congress and Left in the state.
L&T Finance reported a robust Q1FY27 with net profit growing 29% year-on-year to 900 crore, driven by strong asset growth and strategic initiatives including accelerating cross-selling, improving productivity, and fostering a technology-first, AI-led culture, alongside significant expansion in gold loans.
Suryakumar Yadav, despite being stripped of T20I captaincy and dropped from the squad, can still make a comeback to the Indian side if he consistently performs in domestic cricket, according to a BCCI source.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
A tragic fire in Lucknow that claimed 15 lives occurred in a commercial building that had a demolition order issued in 2016 due to unauthorised construction. The order was controversially revoked less than two months later, raising serious questions about the circumstances surrounding the decision. The building, originally allotted for residential use, was later found to have unauthorised commercial construction.
'We ourselves hadn't heard it initially. Many people called us. The entire village was overjoyed.'
The tax treatment of equity savings funds makes them appealing, especially to investors in higher income-tax brackets.
