The Reserve Bank of India (RBI) is in no rush to launch the central bank digital currency (CBDC) nationwide, as its most promising use case - cross-border payments - depends on other countries rolling out their own CBDCs simultaneously for the system to work effectively. That said, the CBDC pilot is progressing well, with the user base in India expanding to about seven million, said RBI Deputy Governor T Rabi Sankar.
The competitive intensity in the mutual fund (MF) industry is moving beyond scheme performance, cost structures, and distribution. In recent months, several fund houses have rationalised exit loads applicable on redemptions.
'I will not be surprised if there is a 7 per cent handle in front of the decimal place for the full financial year.'
Qadri Javed Azad and Makwana Kumar are on a 2,000 km expedition from Porbandar to Pahalgam to spread the message of peace, unity and Operation Sindoor.
A dramatic rescue by SDRF of a man stranded in the Tawi river.
rediffGURU Ravi Mittal, CEO of QuackQuack, answers your questions about dating and relationships.
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.
The Reserve Bank of India (RBI) does not target any price level on the rupee, Governor Sanjay Malhotra reiterated at an International Monetary Fund and World Bank event on Wednesday.
'Our endeavour will be that we identify these products, put them in the public domain so that the manufacturers can look at them and give a boost to Make in India.'
United States President Donald Trump on Friday announced that his administration will impose a 100 per cent tariff on branded and patented pharmaceutical products beginning October 1, 2025, unless the manufacturing companies are building production facilities in the US.
Have income tax-related questions? Ask rediffGURUS Mihir Tanna, Vipul Bhavsar, T S Khurana, Vivek Lala and Anil Rego.
A retired woman in Bengaluru was allegedly defrauded of Rs 3.75 crore by scammers using an AI-generated deepfake video of spiritual leader Sadhguru Jaggi Vasudev to promote a fraudulent online trading platform.
Among Sensex firms, Mahindra & Mahindra, Tata Motors, Trent, Eternal, Asian Paints and Infosys were the major gainers. However, Sun Pharma, ITC, Hindustan Unilever and Titan were among the laggards.
India's new climate pledge to the UN could be weakened by its growing use of coal, even as the country plans a 2035 roadmap to cut emissions and boost clean energy.
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
Though the oldest Alphas are just turning 15 in 2025, they're already more digitally fluent than any generation before, points out Sandeep Goyal.
Foreign investors pulled out Rs 34,993 crore (around $4 billion) from Indian equity markets in August, making it the sharpest sell-off in six months, weighed down by US tariffs on Indian exports and pricey domestic valuations. The withdrawal was nearly double the Rs 17,741 crore outflow recorded in July.
More than a third of 83 mainboard IPOs this year ended their debut sessions in the red, with losses of up to 35 per cent.
Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. CREDAI, the apex body of Indian real estate developers, and property consultant Anarock released a report 'Indian REITs - A Gateway to Institutional Real Estate' at an event in Singapore.
Every 1 per cent per annum of investment costs is a matter of life or death, points out Avinash Luthria.
You need to first answer an important question -- what matters most for your long-term happiness? Your parents' wishes or staying with a partner you love, advises rediffGURU Kanchan Rai, founder of the Let Us Talk Foundation.
The GoM of state ministers on GST rate rationalisation on Thursday accepted the Centre's proposal to move to a two-slab structure of 5 and 18 per cent. Bihar Deputy Chief Minister and convenor of rate rationalisation GoM Samrat Choudhary said the six-member state ministerial panel has also accepted the proposal of removing the 12 and 28 per cent slabs.
India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.
'The outlook for the next Samvat is more constructive, as many of the earlier drags are gradually becoming supports.'
Investors can meet cash needs without selling their securities.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
The accused, who duped the woman of Rs 6.60 lakh during the ordeal between September 5 and 8, continued to send messages even after her death on September 8.
Indian information-technology (IT) service providers are likely to report another quarter (July-September) of low, single-digit growth owing to macro uncertainties, chiefly emanating from America, with no respite in sight even in the second half of the year.
rediffGURU Ravi Mittal tells you how to deal with a third person who may be affecting your relationship.
"The friend left her alone when three unidentified men arrived there. The men snatched her phone and took her to a jungle outside the campus, where they raped her. She was threatened with dire consequences if she told anyone about the incident," the officer said.
A National Crime Records Bureau report indicates a slight increase in suicides in India during 2023, with family problems and illness cited as major contributing factors. Maharashtra reported the highest number of suicides, followed by Tamil Nadu and Madhya Pradesh.
Entities controlled by governments - sovereign wealth funds, and pension funds - have recorded higher growth in equity assets under custody compared to other foreign portfolio investors (FPIs) over the past five years.
UPI crossed 20 billion monthly transactions for the first time in August 2025, with a transaction value of Rs 24.85 trillion.
A fundraiser launched to support Nagamallaiah's wife, Nisha, and 18-year-old son, Gaurav - who witnessed the attack - has raised nearly $200,000, at last reckoning, to help cover funeral expenses and Gaurav's college education.
In the medium term, corporates and vendors could move away from visa dependency, shift more work offshore and share higher cost burdens with clients.
Since the first Reit listing in 2019, the sector has grown to a market capitalisation of about $18 billion as of August 2025, and is projected to cross $25 billion by 2030.
'When negotiators meet next, they may like to bring new issues to the table.'
This time, Ranveer Singh's OTT gesture broke the internet.
After three straight quarters of decline, India's housing market is pinning hopes on the ongoing festival season to revive sales momentum. While 2025 may still end with sales volumes below 2024 levels, developers believe the seasonally strong October-December quarter could narrow the gap, aided by stable interest rates, festive incentives, and resilient demand in the premium segment.
The RBI advisory follows a labour ministry request earlier this year seeking the central bank's expertise to identify gaps in EPFO's investment strategy and fund management practices, including accounting, risk management, and internal governance.
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