News for 'financial transactions'

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

Rediff.com8 Dec 2025

Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday.

No foul play in Zubeen Garg's death: Singapore Police

No foul play in Zubeen Garg's death: Singapore Police

Rediff.com17 Oct 2025

The Singapore Police Force (SPF) has issued an official statement addressing ongoing speculation surrounding the death of Indian singer and composer Zubeen Garg, stating that preliminary investigations do not indicate foul play. The statement comes amid rising public concern and misinformation spreading online regarding the circumstances of the singer's death last month.

Was Maduro's Capture A Warning Shot To China?

Was Maduro's Capture A Warning Shot To China?

Rediff.com24 Jan 2026

China has made serious inroads into Latin America, which the US may now be hinting is simply not ok: Stay in your lane, Xi! In simple terms, China will no longer have access to Venezuelan oil, points out Rajeev Srinivasan.

Joint Property? Keep Funding Proof Ready

Joint Property? Keep Funding Proof Ready

Rediff.com30 Sep 2025

'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'

ED finds Rs 331 cr in driver's account, tracks trail to Udaipur wedding

ED finds Rs 331 cr in driver's account, tracks trail to Udaipur wedding

Rediff.com29 Nov 2025

The Enforcement Directorate (ED) is investigating a money-laundering case involving over Rs 331 crore deposited in a bank account linked to an illegal betting app. A bike-taxi driver was found to be unknowingly used as a 'mule' to funnel the illicit funds.

'Buying Opportunity, Not A Regret Opportunity'

'Buying Opportunity, Not A Regret Opportunity'

Rediff.com2 Feb 2026

'For those in for the long haul, this is a God-given opportunity.' 'Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.'

'They Want 10 Women In One'

'They Want 10 Women In One'

Rediff.com7 Jan 2026

A 26-year-old working woman, opens up about navigating today's arranged marriage and dating market, where expectations have multiplied, contradictions have deepened and finding a 'suitable' partner feels harder than ever.

RBI imposes Rs 91 lakh penalty on HDFC Bank

RBI imposes Rs 91 lakh penalty on HDFC Bank

Rediff.com28 Nov 2025

A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC).

Digital Scams Are Getting Smarter

Digital Scams Are Getting Smarter

Rediff.com12 Dec 2025

'Just like oral hygiene, cyber hygiene must become a daily habit,' says Beena Vaheed, executive director, Bank of Baroda. 'It is not enough to rely only on banks, companies, or the government. Each of us must play our part.'

Assam cops reach Singapore to probe Zubeen Garg's death

Assam cops reach Singapore to probe Zubeen Garg's death

Rediff.com20 Oct 2025

Two senior Assam Police officials have arrived in Singapore to investigate the death of singer Zubeen Garg, who died under mysterious circumstances last month. An SIT is probing the case after multiple FIRs were filed.

LS passes Bill to ban online money games, proposes 3-yr jail, Rs 1 cr fine

LS passes Bill to ban online money games, proposes 3-yr jail, Rs 1 cr fine

Rediff.com20 Aug 2025

The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.

Investors cheer merger of Ambuja, ACC, Orient

Investors cheer merger of Ambuja, ACC, Orient

Rediff.com24 Dec 2025

Investors have put money in Ambuja Cements shares as the cement major has moved to consolidate its operations. The Adani Group company has proposed to merge its subsidiaries ACC and Orient Cement into the parent entity.

Al Falah University chancellor's brother arrested in fraud Case

Al Falah University chancellor's brother arrested in fraud Case

Rediff.com17 Nov 2025

The brother of the chancellor of Al Falah University, linked to the Delhi blast probe, has been arrested by Madhya Pradesh police from Hyderabad in connection with nearly 25-year-old fraud cases.

Selling Land Is Not a Service, Rules Supreme Court

Selling Land Is Not a Service, Rules Supreme Court

Rediff.com12 Nov 2025

The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.

Saregama To Invest This Much In Bhansali Productions

Saregama To Invest This Much In Bhansali Productions

Rediff.com17 Dec 2025

Bhansali Productions will retain creative control, and Sanjay Leela Bhansali, founder, Bhansali Productions, said that for him, powerful and meaningful cinema requires time, trust, and a deep respect for the process, which the company was able to align with Saregama India.

Digital Arrest Scams: What You Must Know

Digital Arrest Scams: What You Must Know

Rediff.com11 Nov 2025

Senior citizens are particularly vulnerable due to their high savings, trust in authorities, and limited familiarity with online frauds.

Sebi Overhauls MF Framework, Stockbroking Rules

Sebi Overhauls MF Framework, Stockbroking Rules

Rediff.com18 Dec 2025

The Securities and Exchange Board of India (Sebi) on Wednesday overhauled the cost framework for the 80 trillion domestic mutual fund (MF) industry, introducing a simplified structure aimed at improving transparency for investors while balancing the impact on asset managers.

Manager, fest organiser poisoned Zubeen Garg, claims bandmate

Manager, fest organiser poisoned Zubeen Garg, claims bandmate

Rediff.com4 Oct 2025

The festival organiser, Garg's manager and two band members -- Goswami and Amritprabha Mahanta -- have been arrested in the case and sent to 14 days of police remand.

Bank Frauds Creep Back, RBI Sounds Alarm

Bank Frauds Creep Back, RBI Sounds Alarm

Rediff.com8 Nov 2025

Fraud reported by banks declined in 2024-2025 to 23,953 as compared to 36,060 in the previous year though the amount involved jumped to Rs 36,014 crore from Rs 12,230 crore.

Before You Invest in 2026, Read This

Before You Invest in 2026, Read This

Rediff.com13 Jan 2026

'Trading without strict position sizing, stop-loss discipline, or a clear exit plan almost guarantees losses.' 'Chasing tips, reacting to intraday noise, or assuming frequent trading improves outcomes are equally damaging habits.'

SFIO questions IndusInd execs on accounting discrepancies

SFIO questions IndusInd execs on accounting discrepancies

Rediff.com20 Dec 2025

Private-sector lender IndusInd Bank had said the Serious Fraud Investigation Office (SFIO) interacted with its officials this week and would send a written communication seeking specific details related to the accounting discrepancies identified at the bank.

India makes 85% of digital payment through UPI: RBI Guv Malhotra

India makes 85% of digital payment through UPI: RBI Guv Malhotra

Rediff.com16 Oct 2025

About 85 per cent of the digital payment transactions take place through UPI in India, and the country can be a case study in inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra has said. He was speaking at a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" organised by RBI on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund in Washington, DC on Tuesday.

Drug racket busted in Jammu, Pakistan link suspected

Drug racket busted in Jammu, Pakistan link suspected

Rediff.com16 Nov 2025

Police on Saturday claimed to have busted a Pakistan-linked narcotics racket with the arrest of two peddlers here with three kilograms of heroin, valued at around Rs 15 crore.

Why Banks Are Struggling For Deposits

Why Banks Are Struggling For Deposits

Rediff.com19 Nov 2025

As deposit growth lags credit expansion, Indian banks face shrinking low-cost Casa inflows, rising funding costs, and structural shifts driven by UPI, e-Kuber, and digital savings trends, points out Tamal Bandyopadhyay.

Debt reduction, joint venture benefits positive for JSW Steel

Debt reduction, joint venture benefits positive for JSW Steel

Rediff.com15 Dec 2025

JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.

'Emirates NBD Is In RBL For 15-20 Years'

'Emirates NBD Is In RBL For 15-20 Years'

Rediff.com29 Oct 2025

'It is not looking at valuation, but investment, growth and ultimately better profit for stakeholders.'

ITR Filing: Your Essential Document Checklist

ITR Filing: Your Essential Document Checklist

Rediff.com22 Jul 2025

Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing.

Duped of Rs 8 crore, ex-IPS officer attempts suicide

Duped of Rs 8 crore, ex-IPS officer attempts suicide

Rediff.com22 Dec 2025

Former IPS officer Amar Singh Chahal allegedly shot himself after claiming he was duped of Rs 8.10 crore by cyber thugs. He was one of the accused in the 2015 police firing cases related to anti-sacrilege protests in Faridkot.

Sebi's Move Could Erode Mutual Fund, Broker Earnings

Sebi's Move Could Erode Mutual Fund, Broker Earnings

Rediff.com3 Nov 2025

'Sebi's move to cap brokerage charges will help investors by lowering the overall cost of investments.'

How To Buy Gold Wisely In 2026

How To Buy Gold Wisely In 2026

Rediff.com15 Dec 2025

From Rs 73k to over Rs 1.2L between January-December 2025 -- is buying gold in 2026 still sensible?

Ajit Pawar blames officials over land deal linked to son

Ajit Pawar blames officials over land deal linked to son

Rediff.com13 Dec 2025

Maharashtra Deputy Chief Minister Ajit Pawar on Saturday said officials responsible for registering documents should have refused to process agreements that were not permissible under the law and clearly informed the parties concerned about such limitations.

For India, AI stands for 'All Inclusive': Modi

For India, AI stands for 'All Inclusive': Modi

Rediff.com10 Oct 2025

AI means 'All Inclusive' for India, asserted Prime Minister Narendra Modi on Thursday while stressing that India Stack is a beacon of hope for the world, especially for countries in the Global South.

Mamata storms I-PAC chief's house during ED raid, alleges bid to seize TMC data

Mamata storms I-PAC chief's house during ED raid, alleges bid to seize TMC data

Rediff.com9 Jan 2026

West Bengal Chief Minister Mamata Banerjee on Thursday dramatically turned up at the residence of Indian Political Action Committee (I-PAC) chief Pratik Jain amid an ongoing Enforcement Directorate raid, alleging that the central agency was attempting to seize the Trinamool Congress's internal documents, hard disks and sensitive data linked to its election strategy.

'Listing Does Not Alter Our Investment Philosophy'

'Listing Does Not Alter Our Investment Philosophy'

Rediff.com23 Dec 2025

'We operate in an economy that is structurally positioned for long-term growth. As market levels rise over time, our AUM grows in line.'

Is India Still Buying Russian Oil?

Is India Still Buying Russian Oil?

Rediff.com17 Dec 2025

Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.

M&A financing the new frontier for banks, but RBI's watching

M&A financing the new frontier for banks, but RBI's watching

Rediff.com26 Nov 2025

Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.

No regulator should substitute boardroom judgement: RBI Guv

No regulator should substitute boardroom judgement: RBI Guv

Rediff.com9 Nov 2025

Reserve Bank of India (RBI)Governor Sanjay Malhotra on Friday said it was not the regulator's job to take decisions for bank boards, speaking in the context of the wide range of enabling reforms announced for lenders during the October monetary policy review, and emphasised that financial stability remained the regulator's focus.

Why BCCI has hiked shirt sponsorship rates

Why BCCI has hiked shirt sponsorship rates

Rediff.com6 Sep 2025

In 2023, the BCCI announced a deal with Dream11 as the lead sponsor for Team India. Dream11 replaced Byju's, whose contract ended in March that year, and had signed the agreement with BCCI for a period of three years.

UPI Goes Global, Fintech Hits A Wall

UPI Goes Global, Fintech Hits A Wall

Rediff.com1 Nov 2025

'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'

BCCI confirm: Discontinuing relationship with Dream 11

BCCI confirm: Discontinuing relationship with Dream 11

Rediff.com25 Aug 2025

In 2023, the BCCI announced a deal with Dream11 as the lead sponsor for Team India. Dream11 replaced Byju's, whose contract ended in March that year, and had signed the agreement with BCCI for a period of three years.