News for 'financial crisis'

Alan Greenspan, former US Federal Reserve chair, passes away at 100

Alan Greenspan, former US Federal Reserve chair, passes away at 100

Rediff.com4 days ago

Legendary economist and former Federal Reserve chairman Alan Greenspan has died at the age of 100 due to complications related to Parkinson's disease, his wife Andrea Mitchell confirmed.

80 lakh women removed from Maharashtra's Ladki Bahin scheme

80 lakh women removed from Maharashtra's Ladki Bahin scheme

Rediff.com1 Jun 2026

Around 80 lakh women in Maharashtra have been disqualified from the Mukhyamantri Majhi Ladki Bahin scheme after failing to meet the e-KYC deadline, leading to accusations from opposition parties that the state government is reducing beneficiaries due to financial constraints.

Financial chaos in PSL? PCB faces big crisis

Financial chaos in PSL? PCB faces big crisis

Rediff.com6 May 2026

The Pakistan Cricket Board has initiated a strong campaign to recover billions in dues from defaulting franchises, broadcast, and business partners to improve its financial standing.

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Rediff.com4 Jun 2026

BJP leaders Rajeev Chandrasekhar and B B Gopakumar have accused both the UDF and LDF governments of pushing Kerala into an economic crisis. They criticised the lack of solutions from the ruling fronts, highlighted the state's high public debt, and questioned the allocation of revenue for development versus salaries and pensions.

India Is Not Alone: How Hormuz Crisis Affected Lifestyles Worldwide

India Is Not Alone: How Hormuz Crisis Affected Lifestyles Worldwide

Rediff.com14 May 2026

The Strait of Hormuz crisis is impacting lifestyles worldwide, from reduced gold purchases in India to energy conservation in Europe and Japan, as governments urge citizens to adapt to the global energy shock.

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Rediff.com27 May 2026

Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.

Governor Review: Oversimple Take On India's Monetary Muddle

Governor Review: Oversimple Take On India's Monetary Muddle

Rediff.com12 Jun 2026

Governor: Simplistic narrative, questionable historical accuracy, underwhelming production quality, notes Sukanya Verma.

West Asia Crisis To Hit India's Growth Hard

West Asia Crisis To Hit India's Growth Hard

Rediff.com12 May 2026

A prolonged supply shock can transmit to lower incomes, and dampen confidence and sentiment, warns Aditi Nayar, chief economist, head-research and outreach, ICRA.

Italian football in crisis after European competition exit

Italian football in crisis after European competition exit

Rediff.com17 Apr 2026

Italian football is experiencing a significant crisis following the failure of its clubs in European competitions and the national team's continued absence from the World Cup.

West Asia crisis may cost India Rs 2.1 trillion, says BoB

West Asia crisis may cost India Rs 2.1 trillion, says BoB

Rediff.com23 May 2026

Bank of Baroda economists project India's GDP to grow 6.5-6.8 per cent in FY27 but warn that the fiscal deficit could overshoot the budgeted 4.3 per cent target, potentially reaching 4.7-4.8 per cent of GDP due to subsidy overruns, excise duty cuts, and oil marketing company losses.

'How Much Money A Film Has Made, How Much Money It Has Not Made'

'How Much Money A Film Has Made, How Much Money It Has Not Made'

Rediff.com9 Jun 2026

'There is a relationship between the audience and the film, and money should not come in between them.'

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Rediff.com2 days ago

Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.

Malayalam Movies In Deep Financial Crisis

Malayalam Movies In Deep Financial Crisis

Rediff.com30 Dec 2024

The Malayalam film industry suffered a loss of Rs 650 crore to Rs 700 crore in 2024.

Iran okays 'highest level' of nuke inspections, no Hormuz blockade: Trump

Iran okays 'highest level' of nuke inspections, no Hormuz blockade: Trump

Rediff.com3 days ago

US President Donald Trump claimed on Tuesday that Tehran has consented to long-term, comprehensive monitoring of its nuclear infrastructure. Concurrently, Washington will ease shipping constraints in the Strait of Hormuz and release bound financial concessions, subject to stringent American oversight.

In Theatres In June: Cocktail 2, Welcome To The Jungle...

In Theatres In June: Cocktail 2, Welcome To The Jungle...

Rediff.com4 Jun 2026

Summer blockbusters spill on to June, as theatres line-up delayed releases at the box office. The month has a good mix of movies, and Joginder Tuteja lists your options.

FIFA World Cup brings back bitter memories for Mexico's missing families

FIFA World Cup brings back bitter memories for Mexico's missing families

Rediff.com2 days ago

Mexico counts more than 135,000 missing people, a figure that has surged since 2006 when then-President Felipe Calderon launched a war against the country's drug cartels.

India Owes Iran $7 Billion!

India Owes Iran $7 Billion!

Rediff.com17 Jun 2026

Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.

Iran War May Push Markets Into Bear Cycle

Iran War May Push Markets Into Bear Cycle

Rediff.com14 May 2026

Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.

CJP's Dipke demands Rs 1cr for paper leak-linked suicides

CJP's Dipke demands Rs 1cr for paper leak-linked suicides

Rediff.com7 days ago

The Cockroach Janta Party (CJP) founder Abhijeet Dipke has appealed to Prime Minister Narendra Modi to provide Rs 1 crore compensation to families of students who allegedly died by suicide amid examination controversies, while also demanding the sacking of Union Education Minister Dharmendra Pradhan.

Is The World Moving Towards De-Dollarisation?

Is The World Moving Towards De-Dollarisation?

Rediff.com2 May 2026

India should not stay on the margins of this initiative. There should be a serious debate about what would be in India's best interests asserts former foreign secretary Shyam Saran.

Sensex Jumps 919 Points as Financial Stocks Lead Market Rebound

Sensex Jumps 919 Points as Financial Stocks Lead Market Rebound

Rediff.com10 Apr 2026

Indian benchmark indices Sensex and Nifty surged over 1 per cent, with the Sensex jumping 918.60 points, driven by strong buying in banking and financial counters and a positive trend in global equities, fuelled by hopes of easing West Asia tensions.

'Migrants Lost Confidence After The War'

'Migrants Lost Confidence After The War'

Rediff.com7 days ago

'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'

Rana Kapoor Faces FIR Over Alleged Illegal Property Transfer

Rana Kapoor Faces FIR Over Alleged Illegal Property Transfer

Rediff.com15 May 2026

Mumbai Police have registered an FIR against former Yes Bank MD and CEO Rana Kapoor and others for alleged illegal transfer of mortgaged property worth Rs 1,000 crore.

How India plans to counter external risks facing its economy

How India plans to counter external risks facing its economy

Rediff.com9 Jun 2026

The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.

Modi's Austerity Push Faces Reality Test

Modi's Austerity Push Faces Reality Test

Rediff.com25 May 2026

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.

Modi-Trump G7 meeting to focus on trade deal, strategic ties

Modi-Trump G7 meeting to focus on trade deal, strategic ties

Rediff.com17 Jun 2026

Prime Minister Narendra Modi and US President Donald Trump are set to hold comprehensive talks focusing on a bilateral trade deal, defence cooperation, and energy and critical minerals sectors during the G7 summit in Evian-les-Bains, France.

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

Rediff.com20 May 2026

The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from an earlier 6.6 per cent, attributing the change to global uncertainties and economic shocks stemming from the ongoing West Asia crisis.

Time India Embraces China And US

Time India Embraces China And US

Rediff.com1 days ago

India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.

Tamil Nadu Debt Nearly Doubles to 10 Trillion in Five Years

Tamil Nadu Debt Nearly Doubles to 10 Trillion in Five Years

Rediff.com18 Jun 2026

A new white paper released by the Tamilaga Vettri Kazhagam (TVK) government reveals that Tamil Nadu's direct debt has nearly doubled to an alarming 10 trillion in the past five years, exposing significant fiscal strain and a substantial debt burden on every citizen.

Time To Choose Growth Over Rupee Fear

Time To Choose Growth Over Rupee Fear

Rediff.com11 Jun 2026

The primary objective should be to figure out a way to grow at 7 to 7.5 per cent with inflation around 4 per cent. Any policy that can help us get there must be experimented with. Those that work should stay. Those that do not should go, suggests Karan Bhasin.

US financial crisis over? Not really

US financial crisis over? Not really

Rediff.com18 Oct 2010

Not only is the current US financial crisis not solved, the seeds are there for even more serious crises in the future, writes Deepak Lal.

India Inc Battles Rising Gulf War Costs

India Inc Battles Rising Gulf War Costs

Rediff.com9 Jun 2026

Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.

Hormuz Crisis Hits India Hard

Hormuz Crisis Hits India Hard

Rediff.com14 Apr 2026

The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.

'Mama Used To Hit Sanju With Chappals'

'Mama Used To Hit Sanju With Chappals'

Rediff.com1 Jun 2026

'While she was particularly attached to Sanju, she'd spew expletives at him, and hit him with chappals when he misbehaved.' 'She'd even beat me when I was rude to my elder sister Namrata.' 'Today you can't whack your child, but we have grown up with two-three whacks a day.'

Interpol Warns of Soaring Financial Fraud Fueled by AI

Interpol Warns of Soaring Financial Fraud Fueled by AI

Rediff.com16 Mar 2026

Interpol's latest report reveals a significant surge in global financial fraud, driven by the increasing use of artificial intelligence by scamsters, resulting in losses of over USD 442 billion in 2025.

Modi, Trump share warm meeting at G7 amid strained ties

Modi, Trump share warm meeting at G7 amid strained ties

Rediff.com16 Jun 2026

Prime Minister Narendra Modi and US President Donald Trump exchanged pleasantries and held a brief conversation at the G7 summit, their first in-person encounter in 16 months, setting the stage for high-stakes bilateral talks amidst continuing strain in India-US relations.

Stock Markets Today: Sensex, Nifty50 Open In Red Weighed By West Asia Crisis

Stock Markets Today: Sensex, Nifty50 Open In Red Weighed By West Asia Crisis

Rediff.com12 May 2026

Indian equity benchmark indices experienced a significant drop in early trade, with the BSE Sensex falling over 525 points and the NSE Nifty down more than 164 points, primarily due to rising crude oil prices and ongoing uncertainty surrounding the US-Iran conflict.

Is Rs 1 Cr Enough For Retirement?

Is Rs 1 Cr Enough For Retirement?

Rediff.com15 Jun 2026

Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.

'Financial crisis originated in advanced economies

'Financial crisis originated in advanced economies

Rediff.com23 Jan 2009

The current financial crisis originated in advanced economies, and therefore its impact is witnessed across the globe, a top Reserve Bank of India (RBI) official said on Friday.

'We Treat Retirement Like A Distant Destination'

'We Treat Retirement Like A Distant Destination'

Rediff.com5 Jun 2026

If you have ever said 'I'll sort retirement later,' now is when 'later' begins.