News for 'currency'

Army foils infiltration bid on LoC, captures 'terrorist guide'

Army foils infiltration bid on LoC, captures 'terrorist guide'

Rediff.com30 Jun 2025

Army troops could not open fire on the terrorists due to the presence of Pakistani posts nearby, they said. Drone footage of the area showed a blood trail, indicating that the terrorists had suffered injuries due to the fall.

India's forex reserves jump $1.57 bn to $677.83 bn

India's forex reserves jump $1.57 bn to $677.83 bn

Rediff.com18 Apr 2025

India's forex reserves increased by $1.57 billion to $677.83 billion for the week ended April 11, the Reserve Bank said on Friday. This is the sixth consecutive week of a rise in the kitty.

Gold may remain under pressure ahead of US macro data

Gold may remain under pressure ahead of US macro data

Rediff.com29 Jun 2025

Gold prices are likely to remain under pressure in the coming week as investors await key US macroeconomic data for cues on the Federal Reserve's potential direction on interest rates, which in turn will influence the trajectory for the precious metal, according to analysts. Market sentiment has tilted away from safe-haven assets like gold amid fading geopolitical tensions and improving risk appetite towards riskier assets such as equities, they said.

Rs 2000 notes worth Rs 6,181 cr still in circulation: RBI

Rs 2000 notes worth Rs 6,181 cr still in circulation: RBI

Rediff.com2 Jun 2025

The high-value Rs 2000 notes worth Rs 6,181 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data released on Monday. Rs 2000 banknotes continue to be legal tender.

Why Trump Turned on India, Embraced Pakistan

Why Trump Turned on India, Embraced Pakistan

Rediff.com6 Aug 2025

Trump's new rules for how countries should treat him have led to the current breakdown in India-US relations, explains Ambassador T P Sreenivasan.

The Train Action That Inspired Bhagat Singh

The Train Action That Inspired Bhagat Singh

Rediff.com11 Aug 2025

One hundred years ago, a group of 10 revolutionaries carried out an operation that shook the British Empire. Utkarsh Mishra revisits the 'Kakori Conspiracy Case', a turning point in the armed struggle for independence.

NBFCs' share of stressed assets rose to 5.9% in March: RBI report

NBFCs' share of stressed assets rose to 5.9% in March: RBI report

Rediff.com1 Jul 2025

Asset quality within the non-banking financial sector (NBFCs) deteriorated with the share of stressed assets rising to 5.9 per cent in March 2025 from 3.9 per cent in September 2024, according to the Reserve Bank of India's Financial Stability Report (FSR). Slippage ratios among upper layer NBFCs have been rising, along with an upward trend in loan write-offs.

Rajasthan drops textbooks 'glorifying' Nehru-Gandhi family

Rajasthan drops textbooks 'glorifying' Nehru-Gandhi family

Rediff.com11 Jul 2025

School students in Rajasthan will no longer study two-part supplementary textbooks with state Education Minister Madan Dilawar arguing that these reading materials are not required because they glorify the Nehru-Gandhi family and carry no marks for students.

RBI says 97.76% of Rs 2000 currency notes returned

RBI says 97.76% of Rs 2000 currency notes returned

Rediff.com2 May 2024

The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.

Bajaj Auto's premium segment revival needs more than just a kickstart

Bajaj Auto's premium segment revival needs more than just a kickstart

Rediff.com9 Jun 2025

Bajaj Auto - the country's most valuable two-wheeler (2W) company by market capitalisation - met Street expectations in the January-March quarter (Q4) of 2024-25 (FY25) but still ended Friday as the worst performer on the Nifty 50, slipping 3.1 per cent.

Forex reserves swell $10.87 bn to $676.27 bn

Forex reserves swell $10.87 bn to $676.27 bn

Rediff.com11 Apr 2025

India's forex reserves jumped $10.87 billion to $676.27 billion during the week ended April 4, the Reserve Bank of India (RBI) said on Friday. The overall kitty had jumped $6.6 billion to $665.4 billion in the previous reporting week.

Remittance tax: Cost of sending money home to rise for Indians in US

Remittance tax: Cost of sending money home to rise for Indians in US

Rediff.com17 May 2025

In President Donald Trump's big priority bill, there is a proposal for a 5 percent excise tax on remittance transfers that would cover more than 40 million people, including those holding green cards and H1B visas.

In U-turn, Oppn rallies behind Dhankhar, urges Modi to intervene

In U-turn, Oppn rallies behind Dhankhar, urges Modi to intervene

Rediff.com22 Jul 2025

Several opposition MPs, who had previously criticized former Rajya Sabha chairman Jagdeep Dhankhar, are now praising him following his sudden resignation, with some even requesting him to reconsider.

Mishaps push up helicopter insurance premiums

Mishaps push up helicopter insurance premiums

Rediff.com27 Jun 2025

Additionally, rates in the aviation sector are also expected to increase due to huge claim outgo in the Air India crash.

'Companies Will Be More Powerful Than Nations'

'Companies Will Be More Powerful Than Nations'

Rediff.com19 Aug 2025

'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'

Myanmar-linked arms smuggling racket busted in Manipur

Myanmar-linked arms smuggling racket busted in Manipur

Rediff.com6 Jul 2025

Security agencies in Manipur are investigating an arms smuggling racket originating from Myanmar, with potential nationwide implications. The probe follows the arrest of a senior leader from a Valley-based Insurgent Group (VBIG).

Controversial calls flip Test as Aussies take control

Controversial calls flip Test as Aussies take control

Rediff.com27 Jun 2025

Australia carved out an 82-run lead over West Indies on day two of the first Test in Barbados on Thursday, with the hosts frustrated by several close umpiring calls that went against them.

Sensex jumps 1,000 points; Nifty surges over 1%

Sensex jumps 1,000 points; Nifty surges over 1%

Rediff.com26 Jun 2025

From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra, Maruti and Mahindra & Mahindra were among the laggards.

RBI Forex Intervention Hits Highest In 17 Years

RBI Forex Intervention Hits Highest In 17 Years

Rediff.com23 May 2025

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.

Forex kitty jumps $6.6 bn to $665.4 bn

Forex kitty jumps $6.6 bn to $665.4 bn

Rediff.com4 Apr 2025

India's forex kitty jumped $6.596 billion to $665.396 billion during the week ended March 28, the RBI said on Friday. In the previous reporting week, the overall reserves rose by $4.53 billion to $658.8 billion, the RBI said on Friday.

Cash recovery: CJI sets up probe panel after HC CJ's report, police video

Cash recovery: CJI sets up probe panel after HC CJ's report, police video

Rediff.com23 Mar 2025

The Chief Justice of India (CJI) Sanjiv Khanna has ordered an in-house inquiry into allegations against a Delhi High Court judge, Justice Yashwant Varma, after reports of burnt cash being found at his residence. The inquiry will be conducted by a three-member committee headed by Justice Sheel Nagu, Chief Justice of the Punjab and Haryana High Court. The allegations stem from a report by the Delhi High Court Chief Justice Devendra Kumar Upadhyaya, who stated that four to five semi-burnt sacks of Indian currency notes were found at Justice Varma's residence following a fire. Justice Varma has strongly denied the allegations, calling them a conspiracy to frame him.

Consistently healthy performance behind Marico's high stock valuation

Consistently healthy performance behind Marico's high stock valuation

Rediff.com13 May 2025

Marico reported consolidated revenue growth of 20 per cent year-on-year (Y-o-Y) during the January-March quarter (Q4) of FY25. Domestic revenue surged 23 per cent Y-o-Y, while volume growth was 7 per cent. International growth stood at 11 per cent (16 per cent in constant currency growth).

CBI repatriation rate doubles, brings back 134 over 5 years

CBI repatriation rate doubles, brings back 134 over 5 years

Rediff.com17 Jul 2025

The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.

IndusInd's risk handling under lens: Moody's

IndusInd's risk handling under lens: Moody's

Rediff.com24 Apr 2025

Global Rating agency Moody's on Wednesday said it was reviewing IndusInd Bank's risk management capabilities, and its leadership transition, with the private sector lender grappling with accounting lapses pertaining to its derivatives transactions. "The financial impact of the derivatives losses is quite manageable considering IndusInd Bank's strong capital.

Trump, Pahalgam, Bihar: Oppn ready for showdown in Parliament

Trump, Pahalgam, Bihar: Oppn ready for showdown in Parliament

Rediff.com20 Jul 2025

INDIA bloc parties are set to raise issues such as the Pahalgam attack, US President Trump's claims of brokering a ceasefire, and concerns over electoral roll revisions in Bihar during the Parliament's Monsoon session.

SRK's Met Gala Look Has A Whopping Price Tag!

SRK's Met Gala Look Has A Whopping Price Tag!

Rediff.com14 May 2025

There was a whole lot of cha-ching, including a Rs 21 crore watch worn with princely ease.

Forex kitty jumps $4.53 bn to $658.8 bn

Forex kitty jumps $4.53 bn to $658.8 bn

Rediff.com28 Mar 2025

The country's forex reserves jumped by $4.53 billion to $658.8 billion during the week ended March 21, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by $305 million to $654.27 billion.

'A Key Driver Of INR Strength Appears To Be The RBI'

'A Key Driver Of INR Strength Appears To Be The RBI'

Rediff.com29 Mar 2025

'I don't see 88 per dollar now.'

Will German Visa Rules Affect Students?

Will German Visa Rules Affect Students?

Rediff.com10 Jun 2025

Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.

'Our Nifty Target For December Is 26,500'

'Our Nifty Target For December Is 26,500'

Rediff.com24 Jun 2025

'We continue to view India as a standout within EM.'

EB-5 Visa Becoming Preferred Choice For US Migration

EB-5 Visa Becoming Preferred Choice For US Migration

Rediff.com24 Jun 2025

With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US.

How To Travel Money Smart In 2025

How To Travel Money Smart In 2025

Rediff.com29 Jan 2025

Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.

Man Scares Minor With Cobra, Molests Her

Man Scares Minor With Cobra, Molests Her

Rediff.com22 May 2025

The Kota police have arrested a 29-year-old man for allegedly molesting a minor girl after scaring her with a cobra he kept illegally at his home.

Forex kitty rises by $305 mn to $654.27 bn

Forex kitty rises by $305 mn to $654.27 bn

Rediff.com21 Mar 2025

The country's forex reserves increased by $305 million to $654.27 billion during the week ended March 14, the RBI said on Friday. In the previous reporting week, the overall reserves rose by $15.27 billion to $653.97 billion and registered the sharpest weekly rise in two years.

Flight To Fortune: How Assad Spirited Away Syria's Wealth To Russia

Flight To Fortune: How Assad Spirited Away Syria's Wealth To Russia

Rediff.com21 Apr 2025

As Damascus teetered, Assad's aide orchestrated a shadowy airlift, spiriting millions and secrets to Russia, paving his own escape route.

Forex reserves drop $1.78 bn to $638.7 bn

Forex reserves drop $1.78 bn to $638.7 bn

Rediff.com7 Mar 2025

India's forex reserves dropped by $1.78 billion to $638.7 billion in the week ended February 28, the RBI said on Friday.

RBI starts cutting short dollar book after 7 months

RBI starts cutting short dollar book after 7 months

Rediff.com6 May 2025

The Reserve Bank of India (RBI) has started winding down its short position in the dollar forward book, after a gap of seven months, on the back of a softening dollar, while infusing funds via open market operations (OMOs) to counter the resulting liquidity drain.

Rs 2000 notes worth Rs 6,266 cr still in circulation: RBI

Rs 2000 notes worth Rs 6,266 cr still in circulation: RBI

Rediff.com2 May 2025

The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. The Rs 2000 banknotes continue to be legal tender.

Cash row: Justice Yashwant Varma stripped of judicial work

Cash row: Justice Yashwant Varma stripped of judicial work

Rediff.com24 Mar 2025

The Delhi High Court has withdrawn the judicial work of Justice Yashwant Varma "with immediate effect" after allegations of a large amount of cash being found at his residence following a fire. The Supreme Court had previously uploaded an inquiry report, including photos and videos, regarding the allegations.

'Investors: Stay Calm. Avoid Speculative Investment Behaviour'

'Investors: Stay Calm. Avoid Speculative Investment Behaviour'

Rediff.com8 Apr 2025

'My advice: Don't mark your portfolio to market every day. Focus on survival.'