Tax raids find Rs 225 cr, Modi vows to return money 'looted from public'

With the Income Tax department recovering over Rs 225 crore cash during a series of raids on an Odisha-based distillery group on charges of tax evasion, Prime Minister Narendra Modi on Friday......

Cyclone Michaung leaves trail of death and destruction

At least 12 people lost their lives in various rain-related incidents in and around Chennai even as personnel on fishing boats and farm tractors were engaged in rescuing stranded people in the city......

9000 people evacuated in Punjab due to rain, 8 die; Haryana reports 7 deaths

Rain in Haryana and Punjab abated after three days of onslaught even as several parts still remained flooded and the death toll due to rain-related incident mounted to 15. IMAGE: The State......

ED raids Lalu's family, aides; seizes money, gold

The Enforcement Directorate (ED) on Friday conducted searches in multiple cities of Bihar and other locations, including premises of former chief minister Lalu Prasad Yadav's family and Rashtriya......

RBI bars IIFL Finance from disbursing gold loans

The Reserve Bank on Monday barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying......

New Challenges Facing Banks

As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com  ......

Navi Mumbai international airport's commercial launch expected in Dec 2024

The outer structure of Navi Mumbai International Airport’s first terminal building is almost ready. Photograph: Screengrab courtesy, GVK’s official video Exactly behind the......

NBFC business has to hit the reset button after RBI strengthens norms

“We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources,” says Vimal......

Japan sponsors shelve ads as mood sours over Olympics

IMAGE: Over 11,000 athletes are expected in Tokyo for the Olympics and thousands more will come for the subsequent Paralympics. Photograph: Kim Kyung-Hoon/Reuters Japan's Olympic sponsors are......

Thousands join 'Run to the moon' in aid of Covid-hit coaches, support staff

Championed by celebrated national badminton coach Pullela Gopichand, and Arjuna Awardees Ashwini Nachappa and Malathi Holla, 'Run to the Moon' will conclude on July 21 to coincide with the 51st......