The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3 per cent amid global economic weakness and policy uncertainty. In its previous estimate, the World Bank had projected India's growth at 6.7 per cent for the fiscal year 2025-26.
Aakash Educational Services (AESL) has accused EY of conflict of interest and breach of professional conduct in its ongoing dispute involving Byju's. It has also asked EY to disclose all documents, information, or communication it was privy to, in relation to transactions involving AESL.
Indian students at Harvard, on condition of anonymity, shared their concerns and experiences of the last few months during which the prestigious university has seen relentless attacks by the Trump administration.
The Indian Navy has inducted a traditionally-built stitched ship, named INSV Kaundinya, at the Karwar naval base in Karnataka. The ship is a recreation of a fifth-century vessel and is named after Kaundinya, a legendary Indian mariner who sailed across the Indian Ocean to Southeast Asia. The ship is a tangible symbol of India's long-standing maritime traditions and its induction marks a culmination of a project celebrating India's rich shipbuilding heritage. The INSV Kaundinya will embark on a trans-oceanic voyage along the ancient trade route from Gujarat to Oman later this year.
The heightened global uncertainty due to the US "reciprocal tariffs" on India may cause near-term corrections and market turbulence, but the long-term outlook remains constructive, market experts said on Thursday. The US has announced 27 per cent reciprocal tariffs on India, citing high import duties imposed by New Delhi on American goods.
Railways ramps up project to instal AI-based cameras that can recognise faces.
A fresh US executive order (EO) which seeks to bring down prices of prescription drugs in the country by up to 90 per cent -- on par with other developed nations -- will affect innovator companies, while sparing the Indian generic drug makers in the short term. US President Donald Trump signed the EO on Monday, directing the US Trade Representative and the Secretary of Commerce to act against foreign countries that "purposefully and unfairly undercut market prices", driving price hikes in the US.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Dwaipayan Bose explains what momentum investing is, how it works, why it generates higher returns and has higher wealth creation potential.
Numerous players and coaches, including England captain Harry Kane, have voiced concern over player welfare with the revamped Club World Cup meaning less time off between seasons.
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
Karnataka Deputy Chief Minister D K Shivakumar's statement that even God can't fix Bengaluru traffic in the next two or three years, has come under severe criticism from the Bharatiya Janata Party, with leader of opposition R Ashoka on Friday demanding that the former step down and make way for someone more capable if he is unable to take responsibility and address the city's traffic issues.
Rajya Sabha Chairman Jagdeep Dhankhar has rejected a privilege notice against Union Home Minister Amit Shah after he cited a 1948 government press release to authenticate his statement that a Congress leader was part of the management of Prime Minister's National Relief Fund. Congress general secretary Jairam Ramesh had moved the notice against Shah for "casting aspersions" on Congress Parliamentary Party head Sonia Gandhi.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
With its age-old fascination for education, southern states have done better than the North. Start-ups, IT hubs, and industry majors setting up shop have changed the face of the South. Nearly 79% of global offices set up by international conglomerates in India are in the South. Almost 46% of tech unicorns are from the South. The GDP per person in the South is 4.2 times higher than the North. None of these indicators can be ignored by any central government, whatever the political compulsions, notes Ramesh Menon.
'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
Investors should avoid making drastic changes to their asset allocation during a market correction.
Karim Al-Hussaini, Aga Khan IV, the 49th hereditary Imam of the Shia Ismaili Muslims and a direct descendant of the Prophet Muhammad, passed away in Lisbon on 4 February 2025, aged 88, surrounded by his family.
The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.
The biggest risk in under-construction projects is delay and non-completion.
An ex-employee claimed that team members were routinely subjected to verbal abuse, even for basic clarifications or suggesting improvements.
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
A district-level investigation has named several individuals, including relatives of India cricketer Mohammed Shami.
The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from insurance companies. Unclaimed life insurance funds refer to the proceeds of insurance policies including death or survival benefits not claimed by the beneficiary or the policyholder. Bancassurance means selling an insurance product through banks.
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.
Currently, the NAPCC has eight active missions across sectors like water, energy, and agriculture, aimed at addressing climate change.
Prime Minister Narendra Modi on Wednesday urged all stakeholders to come together and invest in people for skill development, nurturing talent and promoting innovation which are essential for job creation and boosting the economy. Participating in post-Budget webinar on employment, Modi said the government has provided skill training to 3 crore youth since 2014 and decided to upgrade 1,000 ITIs and set up five centres of excellence.
From using lavender in traditional Dogri embroidery to making essential oils, beauty products and food syrups infused with this flowering plant, Bhaderwah, once known for its maize fields, is embracing lavender to bring about an economic transformation to their small town.
The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.
In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank, sources said. The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.
'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'
'Everyone with a low BMI will not get Type 5 diabetes.'
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
'We remain in touch with the Chinese side, in Beijing as well as in Delhi, to bring predictability in the supply chain.'
The latest annual report of the finance ministry has disclosed that the agency funded seven projects worth USD 750 million in 2023-24.
'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'
India and the UK have respected each other's political sensitivities during the negotiations for free trade agreement, with New Delhi agreeing to drop its demand on post-study work visas for students in exchange for Britain withdrawing its request to open up legal services here, an official said on Wednesday.
Five-time World champion Magnus Carlsen of Norway got the better of D Gukesh in the opening round of Norway Chess.
'Tax rate and stock markets are entirely two different things.'
