News for 'financial services'

Investment Disclosure Tightens Tax Scrutiny

Investment Disclosure Tightens Tax Scrutiny

Rediff.com7 May 2026

From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.

Can Rs 1.15 Cr Corpus Fund Rs 2 Lakh Monthly?

Can Rs 1.15 Cr Corpus Fund Rs 2 Lakh Monthly?

Rediff.com14 Apr 2026

Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.

UK health minister quits, may challenger Starmer for PM

UK health minister quits, may challenger Starmer for PM

Rediff.com14 May 2026

UK Health Secretary Wes Streeting resigned from the Cabinet, citing a loss of confidence in Prime Minister Keir Starmer's leadership, potentially triggering a Labour leadership contest.

Market Meltdown: Investors' Wealth Plunges by Rs 16.77 Lakh Crore in Four Sessions

Market Meltdown: Investors' Wealth Plunges by Rs 16.77 Lakh Crore in Four Sessions

Rediff.com12 May 2026

Indian investors have seen their wealth erode by a staggering Rs 16.77 lakh crore over four trading sessions, as the markets faced deep losses driven by elevated crude oil prices, geopolitical tensions, persistent foreign fund outflows, and a record-low rupee.

Infra, financial services to stay robust: Study

Infra, financial services to stay robust: Study

Rediff.com18 Jul 2007

The report suggests a two percentage point increase in net employment from 82 per cent in April-June 2007 to 84 per cent in the current quarter.

Why Akhilesh Yadav Wants CBI Inquiry Into Hardoi Killing

Why Akhilesh Yadav Wants CBI Inquiry Into Hardoi Killing

Rediff.com30 Apr 2026

Samajwadi Party president Akhilesh Yadav has demanded a CBI inquiry into the murder of a girl in Hardoi, Uttar Pradesh, alleging that the state has become unsafe for women under the BJP government. He visited the victim's family, offered financial assistance, and criticised the state administration for failing to protect her despite her repeated appeals to the police.

Akhilesh Yadav Calls For CBI Inquiry Into Hardoi Murder Case

Akhilesh Yadav Calls For CBI Inquiry Into Hardoi Murder Case

Rediff.com30 Apr 2026

Samajwadi Party president Akhilesh Yadav has demanded a CBI inquiry into the killing of a girl in Hardoi's Bilgram area, asserting that Uttar Pradesh has become 'number one' in crimes against women under the BJP rule.

Heard About NPS' RIS Scheme For Your Parents?

Heard About NPS' RIS Scheme For Your Parents?

Rediff.com27 May 2026

RIS Steady Life Cycle begins with an equity allocation of 35 per cent at age 60, which gradually reduces. Between ages 75 and 85, it remains constant at 10 per cent.

Paytm to foray into financial services sector

Paytm to foray into financial services sector

Rediff.com13 Mar 2018

Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card

Haryana Government Approves CBI Probe Into Bank Fraud Case

Haryana Government Approves CBI Probe Into Bank Fraud Case

Rediff.com15 May 2026

The Haryana government has authorised the CBI to investigate the alleged involvement of five IAS officers in a Rs 590-crore fraud case involving IDFC First Bank. The CBI can now summon the officers for questioning.

Iran crisis: Gold, Silver Prices Jump on Safe-Haven Demand

Iran crisis: Gold, Silver Prices Jump on Safe-Haven Demand

Rediff.com2 Mar 2026

Precious metal prices surged in futures trading, with silver hitting Rs 2.93 lakh per kg and gold nearing Rs 1.68 lakh per 10 grams, driven by safe-haven demand following US-Israel strikes in Iran and retaliatory attacks.

'Prison Can Make Or Break A Person'

'Prison Can Make Or Break A Person'

Rediff.com20 May 2026

After spending 31 months in Chennai's Puzhal prison, Ahmed Buhari is finally breathing free, as courts across the country quashed proceedings linked to his group company Coastal Energy.

Wipro gets serious about financial services segment

Wipro gets serious about financial services segment

Rediff.com16 May 2011

Wipro is trying to strengthen its presence in the banking, financial services and insurance segment by increasing its revenue share on par with other leading Indian information technology service companies.

Chairman Exit Exposes HDFC Bank Power Clash: FT

Chairman Exit Exposes HDFC Bank Power Clash: FT

Rediff.com27 Mar 2026

The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.

Bharat Taxi Surpasses 2 Million Users, Focuses on Driver Welfare

Bharat Taxi Surpasses 2 Million Users, Focuses on Driver Welfare

Rediff.com17 Mar 2026

Cooperation Minister Amit Shah announces Bharat Taxi, a cooperative-led ride-hailing platform, has reached 2.13 million users and 231,000 drivers. The platform operates on a zero-commission model, prioritising driver welfare and expansion into Tier 2 and 3 cities.

Suvendu govt prioritises women's empowerment, welfare schemes

Suvendu govt prioritises women's empowerment, welfare schemes

Rediff.com14 May 2026

West Bengal minister Agnimitra Paul announced the BJP government's commitment to women's empowerment and the continuation of welfare schemes. The 'Annapurna Bhandar' scheme will be accessible through an online portal, ensuring ease of application for all women in Bengal. Chief Minister Suvendu Adhikari has directed officials to implement the scheme and free bus travel for women, while also assuring that existing social welfare schemes will continue.

Adi Godrej's Son Pirojsha to Succeed Nadir Godrej as Group Chairperson

Adi Godrej's Son Pirojsha to Succeed Nadir Godrej as Group Chairperson

Rediff.com13 Apr 2026

Godrej Industries Group announces Pirojsha Godrej as the new chairperson, succeeding Nadir Godrej in August, marking a significant leadership transition within the conglomerate.

Reliance Cap, Yes Bank Debt Prompt EPFO Investment Rethink

Reliance Cap, Yes Bank Debt Prompt EPFO Investment Rethink

Rediff.com22 Apr 2026

Rising stressed debt and past exposures like Reliance Capital, Yes Bank push EPFO to frame exit rules for its portfolio.

Sensex Rises Over 300 Points, Nifty Crosses 23,700 Amid Positive Market Sentiment

Sensex Rises Over 300 Points, Nifty Crosses 23,700 Amid Positive Market Sentiment

Rediff.com19 May 2026

Indian stock markets rallied in early trade after US President Donald Trump announced a halt to planned military strikes on Iran, citing requests from Gulf leaders and ongoing "very big discussions" that could lead to a deal. This de-escalation, coupled with foreign fund inflows and gains in IT and Adani group stocks, contributed to the positive market sentiment. Track Sensex and Nifty on May 19, 2026.

Rediff.com Prepares for Potential IPO

Rediff.com Prepares for Potential IPO

Rediff.com1 Apr 2026

Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed draft red herring prospectus (DRHP) with SEBI through the confidential pre-filing route, marking an important step towards a potential public listing after its acquisition and strategic shift to an AI-led digital platform.

Uttarakhand High Court: Father Must Maintain Child Regardless Of Mother's Income

Uttarakhand High Court: Father Must Maintain Child Regardless Of Mother's Income

Rediff.com22 Apr 2026

The Uttarakhand High Court has ruled that a father cannot avoid his responsibility to provide maintenance for his minor child by claiming the mother's income or his own financial obligations.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

Rights Issues Surge to Multi-Decade High as QIPs Plummet in FY26 Amid Market Volatility

Rights Issues Surge to Multi-Decade High as QIPs Plummet in FY26 Amid Market Volatility

Rediff.com6 Apr 2026

Financial year 2025-26 (FY26) saw a significant shift in corporate fundraising, with rights issues more than doubling to a multi-decade high of 51, raising 44,290 crore, while qualified institutional placements (QIPs) more than halved to 29 issues, mobilising 62,954 crore, driven by sharp equity market corrections and regulatory changes.

Financial services firms go hunting in Europe, US

Financial services firms go hunting in Europe, US

Rediff.com13 May 2008

According to a new survey conducted by consultancy major PriceWaterhouseCoopers, about 28 per cent of Indian financial services firms expect to buy stakes in European groups in the next five years and the same percentage intend to enter North America. "Overseas acquisitions by industrial groups such as Tata Steel, Hindalco, Tata Motors and Ranbaxy are clearly proving inspirational," PwC said in its report.

Manappuram, Muthoot zoom up to 82% in 2025; what's driving gold financiers?

Manappuram, Muthoot zoom up to 82% in 2025; what's driving gold financiers?

Rediff.com25 Dec 2025

Shares of gold finance companies Muthoot Finance and Manappuram Finance hit their respective all-time highs, gaining on the BSE during Wednesday on expectation of healthy earnings. In comparison, the benchmark BSE Sensex was down 0.14 per cent, closing at 85,408.

Hinduja plans big bang financial services foray

Hinduja plans big bang financial services foray

Rediff.com21 Nov 2007

The Hinduja Group plans to enter the financial services space in India with a bang. Apart from plans to set up life insurance, non-life insurance and asset management companies, the group is also working towards areas such as wealth management, broking and portfolio management services. The group has finalised its partners for setting up a holding company, which will have three business arms offering wealth management, broking and portfolio management services.

Delhi Police Busts GST Fraud Cartel, Arrests Six

Delhi Police Busts GST Fraud Cartel, Arrests Six

Rediff.com16 May 2026

The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.

Jharkhand Police Unearth Interstate Cyber Fraud Racket

Jharkhand Police Unearth Interstate Cyber Fraud Racket

Rediff.com30 Apr 2026

Jharkhand police have uncovered an interstate cyber fraud network and arrested four individuals involved in fraudulent transactions across 24 states. The investigation was initiated following inputs from the Union Home Ministry's 'Samanvaya portal', leading to the discovery of a bank account in Ramgarh district used for the illicit activities.

India can be financial services hub: FM

India can be financial services hub: FM

Rediff.com2 Oct 2003

India should become a regional hub for financial services and constantly engage in new activities to sustain economic growth, Union Finance Minister Jaswant Singh said on Thursday.

'Mark Mobius Saw India's Rise Before Other Investors'

'Mark Mobius Saw India's Rise Before Other Investors'

Rediff.com17 Apr 2026

'Mark Mobius's life was dedicated to investing.'

Modi's Fuel Call: Indians Changing Driving Habits

Modi's Fuel Call: Indians Changing Driving Habits

Rediff.com12 May 2026

As Prime Minister Narendra Modi urges Indians to travel less, rising fuel prices are already changing driving habits.

Coolcations Drive Summer Travel Surge

Coolcations Drive Summer Travel Surge

Rediff.com13 May 2026

As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.

Pay Loans Or Invest? What Should You Do?

Pay Loans Or Invest? What Should You Do?

Rediff.com5 May 2026

Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.

Indian markets brace for volatility amid RBI policy, West Asia tensions

Indian markets brace for volatility amid RBI policy, West Asia tensions

Rediff.com5 Apr 2026

The Indian stock market is poised for a volatile week, influenced by the Reserve Bank of India's monetary policy decision, crucial global macroeconomic data, and the escalating geopolitical tensions in West Asia, according to market analysts.

UPI Transactions Surge to Record High: Understanding the Growth Factors

UPI Transactions Surge to Record High: Understanding the Growth Factors

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.

UPI Transactions Surge to Record Levels in March

UPI Transactions Surge to Record Levels in March

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, with 22.64 billion transactions, marking a significant increase from the previous year and highlighting the growing adoption of digital payments.

ITC's Net Profit Up 6.1% in Q4FY26, Driven by Cigarettes and FMCG

ITC's Net Profit Up 6.1% in Q4FY26, Driven by Cigarettes and FMCG

Rediff.com22 May 2026

ITC reported a 6.1 per cent year-on-year growth in its consolidated adjusted net profit from continuing operations, reaching ~5,469.74 crore in the January-March quarter (Q4FY26), primarily fuelled by strong performances in its cigarettes and non-cigarette fast-moving consumer goods (FMCG) businesses.

'One Operation Sindoor Won't End Terror'

'One Operation Sindoor Won't End Terror'

Rediff.com10 May 2026

'India's security challenges are no longer confined to the Line of Control or the Line of Actual Control.'
'They also span cyber networks, economic systems, information warfare, technology ecosystems, maritime routes, and internal social cohesion.'

Nationwide Cyber Fraud Network Busted; 38 Arrested In Rajasthan

Nationwide Cyber Fraud Network Busted; 38 Arrested In Rajasthan

Rediff.com22 Apr 2026

Police in Rajasthan have arrested 38 individuals involved in a nationwide cyber fraud network, unearthing scams worth over Rs 10 crore under 'Operation Mule Hunt'. The accused operated from various locations, including Dubai, and lured victims through investment, trading, and escort service schemes.

India-US trade deal brings glimmer of hope for beleaguered IT services players

India-US trade deal brings glimmer of hope for beleaguered IT services players

Rediff.com11 Feb 2026

The India-US trade deal has offered a much-needed breather for the Indian information technology (IT) industry, which has been grappling with global macroeconomic uncertainty and subdued client spending over the past few years.