'China could intentionally release excess water.' 'The North East is already flood-prone during the monsoon, and even a controlled release from Chinese dams (during the monsoon) could worsen flooding.'
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.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
From the Sensex firms, Eternal, ICICI Bank, Bharti Airtel, Sun Pharma, State Bank of India, Bajaj Finserv, Kotak Mahindra Bank and Reliance Industries were among the biggest gainers. Tech Mahindra and Maruti were the laggards.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
'Even one accident can cause problems for the entire coastal system.'
The Supreme Court of India has directed its registry to call for a report from IIT Kharagpur and Kota, Rajasthan, after the suicides of a student and a NEET aspirant came to light. The court is seeking to ascertain whether FIRs were registered in both cases, highlighting the disturbing pattern of student suicides in educational institutions. The court has also previously ordered the formation of a national task force to address mental health concerns and prevent suicides in higher educational institutions.
Five individuals have been arrested in Ahmedabad, India, for allegedly impersonating trustees and collecting rent for 17 years from properties belonging to two Waqf Board-registered trusts. The accused, who are not actual trustees, constructed around 100 houses and shops on the trust land and collected rent from them, misusing the properties for personal benefits. An FIR has been registered against them for cheating and forging documents.
IMAGES from the Indian Premier League match played between Sunrisers Hyderabad and Delhi Capitals in Hyderabad, on Monday.
It is not clear how much money the government will transfer into the bank accounts of women in Maharashtra.
The pace of loan growth among public sector banks (PSBs) has seen a surge in the financial year 2024-25, and this is an exception to the overall moderation in bank credit during FY25. PSU banks' share in incremental credit rose to 57.3 per cent in March from 51.7 per cent a year ago, according to the Reserve Bank of India's (RBI's) Monetary Policy Report (April 2025).
Following the arrest of fugitive businessman Mehul Choksi by Belgian authorities on Saturday, Vaibhav Khuraniya, one of the complainants in a fraud case against Choksi, said that it may not be easy to bring him back to India due to legal complexities involved in extradition.
Banks have outperformed the broader market in the past six months and most of the leading lenders have given positive returns to investors compared to a negative return delivered by benchmark indices.
Podcaster Ranveer Allahbadia has filed an undertaking in the Supreme Court stating he will maintain decency in his shows. The undertaking was filed after the court allowed him to resume his podcast "The Ranveer Show" on March 3, subject to maintaining "morality and decency." Allahbadia, popularly known as BeerBiceps, was booked for his comments on parents and sex on comic Samay Raina's YouTube show "India's Got Latent." The Supreme Court previously called his comments "vulgar" and said he had a "dirty mind" which put society to shame.
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
The Congress party in India has accused the government of "impropriety" in the sudden termination of KV Subramanian's position as India's executive director at the IMF, alleging it was linked to the Union Bank of India's purchase of two lakh copies of his book. The party also questioned the government's stance on Pakistan's request for a loan from the IMF.
As Damascus teetered, Assad's aide orchestrated a shadowy airlift, spiriting millions and secrets to Russia, paving his own escape route.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
NCP (SP) leader Supriya Sule has criticized the Maharashtra government's decision to make Hindi a mandatory third language in schools, stating that it will not tolerate any undermining of the Marathi language. Sule also criticized the state's implementation of the National Education Policy (NEP) 2020, expressing concerns about its potential impact on students and teachers. She also questioned the appointment of a retired bureaucrat as the chief economic advisor to the chief minister and criticized the state's performance in areas like fiscal deficit management and the Jal Jeevan Mission.
A Delhi court has allowed Congress MP Karti Chidambaram, accused in Aircel-Maxis and INX Media scam cases, to travel to Spain and the United Kingdom from June 25 to July 17.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
Securitisation - sale of loans to investors - by lenders, including banks and non-banking financial companies (NBFCs), crossed Rs 50,000 crore during the fourth quarter ended March 2025 (Q4F25). This is a tad higher than Rs 48,000 crore during the same period of FY24.
The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.
Investing is not just about setting aside money -- it's about making it work for you, says Ramalingam Kalirajan.
IndusInd Bank on Tuesday said global rating agency Moody's has placed the bank's baseline credit assessment (BCA) under review for a possible downgrade. The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth.
Assets Worth Rs 40 Lakh Seized
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The answer depends on your financial goals and risk appetite, says Certified Financial Planner Ramalingam Kalirajan, and explains why.
In 2025 banks are in for challenges such as pressure on margins and slowing credit growth. With the likelihood of a repo rate cut in February or April, external benchmark-linked loans of banks will be repriced immediately. However, deposit rates are expected to adjust more gradually, which could impact the net interest margin (NIM) - a key measure of profitability for banks.
Like with all great crashes, some had noticed the cracks. "... cash balances (of banks) seem, from the available indications, to be hopelessly inadequate; and it is hard to doubt that in the next bad times they will go down like ninepins. If such a catastrophe occurs, the damage inflicted on India will be far greater than the direct loss falling on the depositors," said John Maynard Keynes in his May 1913 work "Indian Currency and Finance", written before his path-breaking work in macroeconomics laid the foundation of dealing with global crises.
'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
Shriram Finance's (SHFL's) profit after tax (PAT) rose 10 per cent year-on-year (Y-o-Y) to Rs 2,140 crore in the fourth quarter of the financial year 2024-25 (Q4FY25).
The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million in the same period in FY23. The outstanding NRI deposits rose by $2.5 billion, standing at $141.28 billion at the end of June 2023, up from $138.77 billion in May 2023, according to Reserve Bank of India (RBI) data. RBI released the updated data in the bulletin after almost three months.
While Suryakumar went about his business with his unique style, Rohit put his raw power on exhibition and effortlessly muscled the ball past the boundary ropes.
Risking his own life, a Kashmiri tourist guide saved the lives of children from a group of tourists from Chhattisgarh when terrorists struck in Pahalgam on Tuesday.
The Supreme Court on Thursday directed Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, to deposit Rs 150 crore in SBI's escrow account by January 31, saying failure to do so will mean that the consortium is not in compliance with the terms of the resolution plan for reviving the airline. The top court, meanwhile, also refused to allow the separate plea of the Jet Aircraft Maintenance Engineers Welfare Association seeking payment of provident fund and gratuity dues, observing if additional money is awarded, the resolution plan will become "unworkable". The consortium, as per the lawyers for the workmen, has to pay over Rs 200 crore towards dues on account of PF and gratuity.
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