News for 'customs'

Gold, silver log record gains in H1 FY26 amid US economic uncertainties

Gold, silver log record gains in H1 FY26 amid US economic uncertainties

Rediff.com1 Oct 2025

Owing to uncertainties on higher inflation and muted growth in the United States (US), coupled with concerns around America's rising debt and tariffs imposed by President Donald Trump, the world's largest economy has become the epicentre of an unabated record rally in prices of precious metals.

ED quizzes Sonu Sood for 7 hrs in 1xBet money laundering case

ED quizzes Sonu Sood for 7 hrs in 1xBet money laundering case

Rediff.com24 Sep 2025

Actor Sonu Sood was questioned by the Enforcement Directorate (ED) in connection with a money-laundering case linked to the online betting app 1xBet. The investigation involves several celebrities and focuses on alleged tax evasion and the duping of individuals.

SBI sells 13.18% Yes Bank pie for Rs 8,889 cr

SBI sells 13.18% Yes Bank pie for Rs 8,889 cr

Rediff.com17 Sep 2025

The country's largest lender State Bank of India on Wednesday announced the completion of the divestment of about 13.18 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corporation of Japan for Rs 8,888.97 crore. State Bank of India (SBI) has received Rs 8,888.97 crore from the acquirer Sumitomo Mitsui Banking Corporation (SMBC), a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG), the bank said in a regulatory filing.

''Consumers Must Get Real Benefit Of GST Cuts'

''Consumers Must Get Real Benefit Of GST Cuts'

Rediff.com12 Sep 2025

'In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.'

Why Banks Are Speaking Local Languages

Why Banks Are Speaking Local Languages

Rediff.com4 Aug 2025

State-owned banks are prioritising local language skills in their hiring to improve customer service and reduce language barriers.

Indian illegal immigrant causes multi-vehicle crash in California

Indian illegal immigrant causes multi-vehicle crash in California

Rediff.com26 Sep 2025

An Indian national, who had arrived in the United States illegally, has been arrested for causing a multi-vehicle crash while driving a truck in California last year that critically injured a five-year old child and left her with life-altering injuries.

Trump's $100,000 H-1B visa fee rule kicks in; US releases FAQs

Trump's $100,000 H-1B visa fee rule kicks in; US releases FAQs

Rediff.com22 Sep 2025

The US Citizenship and Immigration Services (USCIS) in a 'H-1B FAQ' document, released on Sunday, said that the September 19 proclamation took an "important, initial, and incremental step" to reform the H-1B visa programme to curb abuses and protect American workers.

5.8-magnitude quake hits parts of northeast, Bengal

5.8-magnitude quake hits parts of northeast, Bengal

Rediff.com14 Sep 2025

A 5.8 magnitude earthquake shook parts of northeast India and West Bengal. No immediate reports of casualties or significant damage were reported. The epicenter was in Udalguri district, Assam.

Entry-level 5G smartphone market hots up ahead of festival season

Entry-level 5G smartphone market hots up ahead of festival season

Rediff.com19 Sep 2025

India's entry-level 5G smartphone segment, typically held to be those priced below 10,000, is set to bustle in the upcoming festival season as brands like HMD, Poco, and Lava launch their products.

ICICI revises minimum balance requirement for new savings a/cs

ICICI revises minimum balance requirement for new savings a/cs

Rediff.com14 Aug 2025

ICICI Bank has reversed its decision to raise the minimum monthly average balance (MAB) for new savings accounts in metro and urban locations to Rs 50,000, revising it instead to Rs 15,000, effective August 1. The MAB for new savings accounts in semi-urban locations has been revised from Rs 25,000 to Rs 7,500, and for rural locations from Rs 10,000 to Rs 2,500.

Robin Uthappa grilled by ED for 8 hours!

Robin Uthappa grilled by ED for 8 hours!

Rediff.com22 Sep 2025

The Enforcement Directorate questioned Robin Uthappa for over eight hours and recorded his statement in a money laundering case linked to online betting app.

How India Let Sri Lanka Steal Its Tea Crown

How India Let Sri Lanka Steal Its Tea Crown

Rediff.com2 Oct 2025

India, the land that gave the world Darjeeling and Assam tea, risks losing its place at the global tea table, not because of its leaves, but because of its lost opportunities, notes Kanika Datta.

EV Spark Fires Up R&D Spending By Legacy Two-Wheeler Majors

EV Spark Fires Up R&D Spending By Legacy Two-Wheeler Majors

Rediff.com3 Sep 2025

Hero MotoCorp and TVS Motor crossed Rs 1,000 crore in R&D spend for the first time, as legacy OEMs accelerate innovation to compete with new-age EV players.

10 US Open Tennis Outfits You Can't Miss

10 US Open Tennis Outfits You Can't Miss

Rediff.com30 Aug 2025

The 2025 US Open is more than just a tennis tournament; it's a bold display of personal expression and a vibrant celebration of style.

Amazing growth story of the Jindal group

Amazing growth story of the Jindal group

Rediff.com24 Sep 2025

You have to grow, and grow fast - that's the DNA of the JSW group, chairman Sajjan Jindal said as JSW Cement made its debut on the stock market mid-August. The remark captured not just the moment but also the momentum of JSW's growth story.

73-yr-old Sikh woman deported to India after 33 years in US

73-yr-old Sikh woman deported to India after 33 years in US

Rediff.com25 Sep 2025

Kaur, a resident of East Bay in northern California for more than 30 years, was detained by the Immigration and Customs Enforcement (ICE) officials during a routine check, a report in Berkeleyside, a non-profit news portal, said earlier.

ED records Yuvraj's statement in online betting app case

ED records Yuvraj's statement in online betting app case

Rediff.com23 Sep 2025

Yuvraj Singh on Tuesday appeared before the Enforcement Directorate (ED) for questioning in a money laundering case linked to an online betting app named 1xBet.

Onam Flowers Cost Actor Rs 1L Fine In Oz

Onam Flowers Cost Actor Rs 1L Fine In Oz

Rediff.com8 Sep 2025

Airport authorities discovered around 15 centimetres of jasmine flowers in Navya Nair's bag, and under Australian laws, the import of fresh flowers is strictly prohibited.

Agnikul Launches India's 1st 3D-Printed Rocket Hub

Agnikul Launches India's 1st 3D-Printed Rocket Hub

Rediff.com23 Sep 2025

For the first time in India, the facility enables 3D printing of aerospace and rocket components up to one metre in height.

GST rate cut: Housing demand to rise during festivals, says CREDAI

GST rate cut: Housing demand to rise during festivals, says CREDAI

Rediff.com12 Sep 2025

Indian government's decision to cut GST rates on various products will increase purchasing power of consumers and boost demand for residential properties in the upcoming festive season, according to realtors' body CREDAI. The association, which has a 13,000 members from across India, said the construction cost is expected to come down because of reduction in GST rates on cement and few other building materials.

Sikh Woman's Deportation Sparks Outrage

Sikh Woman's Deportation Sparks Outrage

Rediff.com26 Sep 2025

'This is so sad the way she was humiliated.' Harjit Kaur's deportation has drawn condemnation from civil rights organisations and the Sikh American community.

India will 'say sorry' and make a deal: Top Trump official

India will 'say sorry' and make a deal: Top Trump official

Rediff.com5 Sep 2025

"So I think what happens is it's all bravado, because you think it feels good to fight with the biggest client in the world, but eventually your businesses are going to say you've got to stop this and go make a deal with America."

Valuation a key hurdle for auto stocks in short term

Valuation a key hurdle for auto stocks in short term

Rediff.com24 Sep 2025

Multiple tailwinds for the automobile sector, including a cut in goods and services tax (GST) rates, are keeping analysts bullish on auto stocks from a long-term perspective, even as they see the rally running its course in the near term.

0% GST On Health Insurance: Will You Really Benefit?

0% GST On Health Insurance: Will You Really Benefit?

Rediff.com11 Sep 2025

Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The truth, however, is...

Malaika, Ananya Scorch The Red Carpet

Malaika, Ananya Scorch The Red Carpet

Rediff.com8 Sep 2025

The hottest looks from the Filmfare Glamour And Style Awards 2025.

Sumit Antil completes World Para Championships hat-trick!

Sumit Antil completes World Para Championships hat-trick!

Rediff.com30 Sep 2025

Yogesh Kathuniya won yet another silver medal in the men's F56 discus throw event at the World Para Athletics Championships.

Mobile tariff design skewed in India; rich paying less: Airtel MD

Mobile tariff design skewed in India; rich paying less: Airtel MD

Rediff.com6 Aug 2025

Bharti Airtel sees opportunity in raising tariff for data services as it feels that rich are paying less and poor are not required to pay anymore, a senior official of the company said. During the company's earnings call for the first quarter of the current fiscal, Bharti Airtel vice-chairman and MD Gopal Vittal said that the company has written to the government for a relief on adjusted gross revenue and has demanded that it should be given benefit at par with other telecom operator, without naming Vodafone Idea.

Tariffs on India prompted Russia to...: Trump ahead of meet with Putin

Tariffs on India prompted Russia to...: Trump ahead of meet with Putin

Rediff.com15 Aug 2025

The comments come ahead of Trump's high-profile meeting with Russian President Vladimir Putin, scheduled for Friday in Anchorage, Alaska.

SC declines to halt global Ayyappa devotee meet in Kerala

SC declines to halt global Ayyappa devotee meet in Kerala

Rediff.com17 Sep 2025

The Supreme Court has refused to entertain pleas against the Kerala High Court order dismissing petitions challenging the Travancore Devaswom Board's decision to conduct a global conclave of Ayyappa devotees.

Loan Against Insurance? Read This

Loan Against Insurance? Read This

Rediff.com24 Sep 2025

Use these loans to meet emergency needs, and not to fund holidays or luxury purchases.

Hotel Industry Faces Crores in GST Demands

Hotel Industry Faces Crores in GST Demands

Rediff.com29 Sep 2025

'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'

LIC drags new business premiums of life insurers by 5.2 %

LIC drags new business premiums of life insurers by 5.2 %

Rediff.com10 Sep 2025

New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance Corporation (LIC), data from the Life Insurance Council showed. LIC recorded a 17 per cent YoY fall in new business premiums to Rs 16,023 crore during the month, while private life insurers reported a 12 per cent YoY increase to Rs 14,936 crore.

Analysts' thumbs-up for Maruti's first e-SUV

Analysts' thumbs-up for Maruti's first e-SUV

Rediff.com2 Sep 2025

Maruti Suzuki's e-Vitara marks its high-stakes EV debut with strong export ambitions, lifting its stock even as analysts caution over pricing and fierce competition.

Why Silver Remains Heart of Festive Luxury

Why Silver Remains Heart of Festive Luxury

Rediff.com26 Sep 2025

This festive season, silver is being reinvented from gemstone accents and heirloom-inspired decor to luxury gifts, blending tradition with modern design.

India Inc meeting capex need with own cash, says SBI chief C S Setty

India Inc meeting capex need with own cash, says SBI chief C S Setty

Rediff.com26 Aug 2025

India Inc, which is sitting on cash balances of 13.5 trillion, is using the funds to meet capital expenditure as well as brownfield expansion, resulting in 'anaemic' demand for bank loans, State Bank of India (SBI) chairman CS Setty said at an event on Monday. He added that a slowdown in corporate credit is mainly due to lack of demand.

Tariff poses major challenge for Maruti's exports to US

Tariff poses major challenge for Maruti's exports to US

Rediff.com15 Sep 2025

Almost 30 per cent of Maruti's auto-component exports are to the US, and about half of that is facing a duty of 25 per cent and the other half 50 per cent.

No need to relabel existing medicine stock: FinMin

No need to relabel existing medicine stock: FinMin

Rediff.com17 Sep 2025

Recalling or relabelling medicines already in the supply chain before September 22 will not be mandatory, the finance ministry said on Tuesday, issuing a fresh set of frequently asked questions (FAQs) to address industry concerns following the announcement of goods and services tax (GST) revisions.

Banks to clear cheques within few hours from Oct 4: RBI

Banks to clear cheques within few hours from Oct 4: RBI

Rediff.com13 Aug 2025

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours.

'Banca channel key to achieve insurance for all'

'Banca channel key to achieve insurance for all'

Rediff.com23 Aug 2025

'The kind of reach it has with so many bank branches even in the remotest part of the country, it is one channel which will play a very important role in vision of insurance for all.'

iPhone Pro Max 17 in cosmic orange is already out of stock in India, US

iPhone Pro Max 17 in cosmic orange is already out of stock in India, US

Rediff.com16 Sep 2025

Apple's iPhone Pro Max 17 in cosmic orange has witnessed a considerable surge in demand, and it has gone out of stock within three days after pre-booking went live for pick up of the devices at the company's official stores in the US and India, as per information shared by company staff.