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News for 'finance company'

'Our Aim Is Housing Finance's Siginficant Role In Economic Growth'

'Our Aim Is Housing Finance's Siginficant Role In Economic Growth'

Rediff.com1 Oct 2023

'We are working with a few housing finance companies to drive affordable lending because that's where we believe our sweet spot is.'

'India Is Critical Hub For GlobalLogic's Operations'

'India Is Critical Hub For GlobalLogic's Operations'

Rediff.com30 Aug 2025

'The scale and depth of talent here plays a central role in core software product engineering for some of the biggest brands in tech.'

Govt for nil GST on insurance premium for individuals

Govt for nil GST on insurance premium for individuals

Rediff.com20 Aug 2025

The Centre has proposed exempting life and health insurance policies for individuals from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday. Currently, health and life insurance premium attracts 18 per cent GST.

Tata Motors Q1 net profit down 62.2% to Rs 4,003 cr

Tata Motors Q1 net profit down 62.2% to Rs 4,003 cr

Rediff.com8 Aug 2025

Tata Motors on Friday reported a 62.2 per cent decline in consolidated net profit to Rs 4,003 crore in the June quarter, impacted by volume decline across segments, drop in JLR profits due to US tariffs and high base effect due to gain from sale of discontinued operations. The auto major had posted a consolidated net profit of Rs 10,587 crore in the April-June quarter of the previous fiscal, Tata Motors Ltd (TML) said in a regulatory filing.

Meghalaya-like murder shocks Telangana; bride, lover among 8 held

Meghalaya-like murder shocks Telangana; bride, lover among 8 held

Rediff.com26 Jun 2025

The police claim to have cracked the case, reminiscent of the recent Meghalaya honeymoon murder, within a week of receiving a complaint alleging that Tejeshwar (32) went missing.

REITs Can Pay, But Stay Cautious

REITs Can Pay, But Stay Cautious

Rediff.com28 Aug 2025

'Reits are suitable for investors seeking regular income and real estate exposure without managing physical properties, especially NRIs and retirees.'

PSU banks write off loans over Rs 5.82 lakh cr in last 5 years

PSU banks write off loans over Rs 5.82 lakh cr in last 5 years

Rediff.com12 Aug 2025

Public sector banks (PSBs) have written off bad loans of about Rs 5.82 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2024-25, the loan write-off of PSBs was at Rs 91,260 crore, compared to Rs 1.15 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.

BIGGEST Real Estate Myth BUSTED!

BIGGEST Real Estate Myth BUSTED!

Rediff.com18 Sep 2025

Do home prices really never fall? Ramalingam Kalirajan begs to differ.

L&T lists India's 1st ESG bonds on NSE; raises Rs 500 cr

L&T lists India's 1st ESG bonds on NSE; raises Rs 500 cr

Rediff.com23 Jun 2025

Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday announced the listing of the country's first environmental, social and governance bonds on the NSE, raising Rs 500 crore through debentures. In a filing to BSE, the company said it "has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India".

CFOs join the AI race as new change agents

CFOs join the AI race as new change agents

Rediff.com14 Aug 2025

Earlier this year, when global software giant Salesforce set out to appoint a new chief financial officer (CFO), the role came with an addition. Instead of hiring solely a CFO, the company wanted someone who would also play an integral role in operations.

Tim Cook Drops AI Truth Bomb: Adapt Or...

Tim Cook Drops AI Truth Bomb: Adapt Or...

Rediff.com20 Aug 2025

As the Apple CEO put it to his staff, the choice is stark: Adopt AI or risk being left behind. The same applies to everyone preparing for the future of work.

18K orders per min: Amazon India's Prime Day sale hits record high

18K orders per min: Amazon India's Prime Day sale hits record high

Rediff.com22 Jul 2025

Amazon's latest Prime Day sale event broke records with over 18,000 orders per minute - a 50 per cent jump from 2024. Nearly 70 per cent of new memberships came from Tier-III cities.

'This Shock May Trigger Suicides'

'This Shock May Trigger Suicides'

Rediff.com25 Sep 2025

'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'

Preventive detention must be used sparingly: SC

Preventive detention must be used sparingly: SC

Rediff.com7 Jun 2025

Preventive detention is an extraordinary power in the hands of the state that must be used sparingly, said the Supreme Court as it set aside an order to detain a man indulging in money lending in Kerala.

Why The Bankruptcy Code Needs A Makeover

Why The Bankruptcy Code Needs A Makeover

Rediff.com23 Jul 2025

The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.

Weaker Nations Get Used. Warning For India

Weaker Nations Get Used. Warning For India

Rediff.com17 Sep 2025

'Trump does have a master plan in mind to put pressure on India with the additional tariff of 25 per cent to get Modi to persuade Russian President Vladimir Putin to freeze the Ukraine war.' 'It has not worked so far. By end-September only we'll know for sure the future trajectory of India's oil purchases from Russia,' observes Ambassador M K Bhadrakumar.

EV car sales nearly double in July; two-wheeler demand slips: FADA data

EV car sales nearly double in July; two-wheeler demand slips: FADA data

Rediff.com10 Aug 2025

Retail sales of electric passenger vehicles (ePVs) nearly doubled in July 2025, surging 93 per cent year-on-year (Y-o-Y) to 15,528 units, even as overall passenger vehicle (PV) retail volumes declined marginally. In contrast, electric two-wheeler (e2W) sales dropped by 4.3 per cent to 102,973 units, according to the Federation of Automobile Dealers Associations (Fada) data.

How to Choose Loans Against Property

How to Choose Loans Against Property

Rediff.com11 Jun 2025

'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'

What You Must Know About New Income Tax Act

What You Must Know About New Income Tax Act

Rediff.com5 Sep 2025

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.

Delhi HC stays Rs 1,140 crore angel tax demand against Oyo

Delhi HC stays Rs 1,140 crore angel tax demand against Oyo

Rediff.com12 Jul 2025

The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo's parent company Oravel Stays Private Limited for the assessment year 2020-21. The tax demand was issued under Section 56(2) (viib) of the Income Tax Act, commonly known as the "angel tax" provision, which applies when unlisted companies issue shares at a value exceeding their "fair" market price.

RBI bars IIFL Finance from disbursing gold loans

RBI bars IIFL Finance from disbursing gold loans

Rediff.com4 Mar 2024

The Reserve Bank on Monday barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. A leading financial services provider, IIFL Finance offers a range of loans and mortgages. The latest directions from the Reserve Bank of India (RBI) pertain to only the gold loan business.

Most Anticipated IPOs of 2025 Everyone is Waiting For!

Most Anticipated IPOs of 2025 Everyone is Waiting For!

Rediff.com22 Jul 2025

The IPO wave of 2025 is here, and it's bigger than ever. From fintech unicorns to financial powerhouses and infrastructure giants, some of India's biggest names are all set to make their stock market debut. PhonePe, Zepto, Tata Capital, NSE, NSDL, and JSW Cement are just a few of the highly awaited listings that have investors and analysts buzzing with excitement.

Infosys opens development centre in Gift City with 1,000-employee capacity

Infosys opens development centre in Gift City with 1,000-employee capacity

Rediff.com8 Jun 2025

Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to develop solutions for global Banking, Financial Services, and Insurance (BFSI) clients.

If Your Mutual Fund Shuts, Is Your Money Safe?

If Your Mutual Fund Shuts, Is Your Money Safe?

Rediff.com16 Jul 2025

Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.

Are Luxury Homes Fuelling Surge In Home Loan Growth?

Are Luxury Homes Fuelling Surge In Home Loan Growth?

Rediff.com1 Apr 2025

More than 58% of individual housing loans disbursed in 2023-2024 were more than 25 lakh in size.

After Covid, management buyouts have seen an uptick

After Covid, management buyouts have seen an uptick

Rediff.com27 May 2025

There have been more instances of a management team buying out the owners of a company after the pandemic. There are eight such transactions, called management buyouts (MBOs), in the five years ending 2024, according to data from tracker LSEG shared with Business Standard.

Finance Secretary TV Somanathan is new Cabinet Secy

Finance Secretary TV Somanathan is new Cabinet Secy

Rediff.com10 Aug 2024

He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.

Why Stock Tips Won't Build Wealth For You

Why Stock Tips Won't Build Wealth For You

Rediff.com3 Sep 2025

Real wealth isn't built on random bets; it's built on disciplined, guided portfolio strategies that can withstand market ups and downs, says Ramalingam Kalirajan.

'Need GST Council-like bodies to boost infra growth'

'Need GST Council-like bodies to boost infra growth'

Rediff.com22 Aug 2025

India needs Goods and Services Tax (GST) Council-like common platforms between states and the Centre in areas such as land clearances, power, and water to fast-track infrastructure projects to achieve double-digit growth going ahead, said Praveer Sinha, chief executive officer and managing director of The Tata Power Company.

India eyes 2000 GCCs beyond metro cities by yearend

India eyes 2000 GCCs beyond metro cities by yearend

Rediff.com9 Jul 2025

MeitY is in discussions with global Fortune 500 and Fortune 1000 companies, mid-tier firms, and state government officials on a three-pronged approach to setting up new GCCs in India.

Sitharaman has a message for the fintechs

Sitharaman has a message for the fintechs

Rediff.com19 Jun 2025

Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyber frauds. Speaking at the Digital Payments Awards 2025 ceremony here, the minister credited fintechs with helping speed up financial inclusion and taking the payment system to even the far-flung areas of the country.

Why Sensex closed at nearly two-month low on Monday

Why Sensex closed at nearly two-month low on Monday

Rediff.com29 Jul 2025

Titan, HCL Tech and State Bank of India were also among the laggards. However, Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC were the gainers.

Vijay Or EPS: Who Will Fill Anti-DMK Space?

Vijay Or EPS: Who Will Fill Anti-DMK Space?

Rediff.com23 Sep 2025

The two weeks that EPS took fending off the Sengottaiyan rebellion has since become lost time for the AIADMK as that was also the time Vijay took to go all-out against Stalin and the DMK, observes N Sathiya Moorthy.

Rentals on rise: Robust office space demand set to benefit landowners

Rentals on rise: Robust office space demand set to benefit landowners

Rediff.com19 Aug 2025

Office space owners are looking at good times ahead as rentals are expected to rise due to demand for Grade A office spaces outpacing supply that has been sluggish due to construction delays, long gestation periods and developers' interests shifting to residential.

Ola, Paytm crash up to 50% in H1 2025; are new-age stocks worth buying now?

Ola, Paytm crash up to 50% in H1 2025; are new-age stocks worth buying now?

Rediff.com9 Jul 2025

New-age stocks to buy: Most new-age stocks have turned out to be wealth destroyers in stock markets, so far, in calendar year 2025. Shares of Ola Electric Mobility, for instance, have plunged nearly 50 per cent in the first half of CY 2025, while those of Swiggy, PB Fintech, Paytm, and Eternal (Zomato) have crashed between 6 per cent and 25 per cent, ACE Equity data shows.

Sharif thanks Trump for 'historic' trade deal with Pak

Sharif thanks Trump for 'historic' trade deal with Pak

Rediff.com31 Jul 2025

Pakistan's Prime Minister Shehbaz Sharif on Thursday thanked United States President Donald Trump for the 'historic' trade agreement reached between Islamabad and Washington, and expressed hope that it would expand cooperation between the two nations.

'Post acquisition funding cost will come down'

'Post acquisition funding cost will come down'

Rediff.com29 Jan 2025

'Earlier, our cost of funds was higher than most in the peer group.'

This couldn't occur without money support: FATF on Pahalgam attack

This couldn't occur without money support: FATF on Pahalgam attack

Rediff.com17 Jun 2025

The FATF statement comes in the backdrop of Indian authorities highlighting Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement.

Kerala couple flees Bengaluru after duping investors of Rs 50 cr

Kerala couple flees Bengaluru after duping investors of Rs 50 cr

Rediff.com9 Jul 2025

A couple from Kerala, running a chit fund company in Bengaluru, has allegedly fled after cheating over 1,300 investors of more than Rs 50 crore. Police have launched a manhunt and are investigating the extent of the fraud.

Khelo Bharat Niti aims at reshaping sporting landscape

Khelo Bharat Niti aims at reshaping sporting landscape

Rediff.com1 Jul 2025

Cabinet approves Khelo Bharat Niti, says it will bring India into top-5 of world sports

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