News for 'financial transactions'

Online transactions? Beware of 'pharming'

Online transactions? Beware of 'pharming'

Rediff.com7 May 2008

Internet users now will have to be more watchful while carrying out their online financial transactions as Pharming -- a new security threat used by hackers for making financial gains, has started surfacing in the country with the proliferation of Internet subscribers. Pharming attack is a new security threat for the Internet users, which is developing in the country and it is primarily launched by the hackers on the websites for getting financial gains.

Govt urges banks to close inoperative Jan Dhan accounts

Govt urges banks to close inoperative Jan Dhan accounts

Rediff.com7 Jul 2025

State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.

HC allows probe against Kunal Kamra, stays arrest

HC allows probe against Kunal Kamra, stays arrest

Rediff.com25 Apr 2025

The Bombay High Court has allowed the police investigation against comedian Kunal Kamra over his remarks against Maharashtra Deputy Chief Minister Eknath Shinde to continue, but has barred his arrest. The court said the investigation can continue, but Kamra will not be arrested during the pendency of the petition. The court also said that if the police wanted to record Kamra's statement, they shall do so in Chennai, where he currently resides, after giving him prior notice.

Bank Account Dormant? You Can Still Get Your Money

Bank Account Dormant? You Can Still Get Your Money

Rediff.com11 Dec 2024

Ramalingam Kalirajan offers some easy steps to reactivate your accounts with banks like SBI, HDFC Bank, IDFC First Bank and PNB just so that you can start availing all the benefits linked to your account.

Tesla Gears Up in Kurla

Tesla Gears Up in Kurla

Rediff.com4 Jun 2025

Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.

At least 9 killed in second wave of device blasts in Lebanon

At least 9 killed in second wave of device blasts in Lebanon

Rediff.com18 Sep 2024

A series of explosions rocked Lebanon and Beirut on Wednesday with the health ministry confirming nine deaths while news agencies put the toll at higher. The fresh round of blast came just a day after a deadly attack involving exploding pagers claimed the lives of at least 12 people.

Gold ETFs Grow Popular in India

Gold ETFs Grow Popular in India

Rediff.com16 May 2025

'Increasingly, they treat gold as a financial asset in their portfolio rather than just as jewellery.'

Shell deepens India market reach through Raj Petro buy

Shell deepens India market reach through Raj Petro buy

Rediff.com4 Jul 2025

Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.

After Srikanth, actor Krishna held in Chennai drug trafficking case

After Srikanth, actor Krishna held in Chennai drug trafficking case

Rediff.com27 Jun 2025

This follows an earlier incident on May 22, 2025, in which a large quantity of drugs was seized near the Nungambakkam railway station, according to a Greater Chennai Police press release.

Private equity, VC bets drop to $4.7 billion in April

Private equity, VC bets drop to $4.7 billion in April

Rediff.com19 May 2025

Private equity and venture capital investments dropped to $4.7 billion in April this year on heightened uncertainty and high valuation expectations of sellers, a report said on Monday. The overall amount invested is 6 per cent lower than the $4.9 billion recorded in April 2024, and 20 per cent lower than the $5.9 billion in March 2025, the report by industry body IVCA and consultancy firm EY, said.

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Rediff.com26 Sep 2024

Stock exchanges have intensified vigil on Small and Medium Enterprise (SME) listings by mandating more comprehensive financial disclosures and enhanced monitoring of utilisation of issue proceeds from investment bankers, amid rising instances of dubious practices. Bourses - responsible for vetting initial public offering (IPO) documents and granting approvals to SMEs - have tightened norms in recent weeks with further measures planned for new filings to safeguard investor interests, sources said.

Renault to buy out Nissan's stake in Indian JV

Renault to buy out Nissan's stake in Indian JV

Rediff.com31 Mar 2025

French auto major Renault on Monday said it will buy out its Japanese partner Nissan's stake in their Indian joint venture -- Renault Nissan Automotive India Private Ltd. Renault Group would own 100 per cent of Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring the 51 per cent shareholding currently held by Nissan, the company said in a statement.

SBI to charge for cash withdrawal beyond 4 free transactions per month

SBI to charge for cash withdrawal beyond 4 free transactions per month

Rediff.com29 Jun 2021

The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts. These customers will also be levied charges for cheque book beyond 10 leaves in a year. As per the revision in service charges for BSBD accounts, State Bank of India (SBI) will levy charges ranging from Rs 15 to Rs 75 for the "additional value added services" with effect from July 1, 2021.

Akasa Air's net loss widens to 1,983 crore in FY25 as costs, delays rise

Akasa Air's net loss widens to 1,983 crore in FY25 as costs, delays rise

Rediff.com1 Jul 2025

Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.

SBI's digital transactions are as high as 67% now

SBI's digital transactions are as high as 67% now

Rediff.com19 Mar 2021

The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.

Pune Porsche horror: 2 who gave blood samples to swap arrested

Pune Porsche horror: 2 who gave blood samples to swap arrested

Rediff.com20 Aug 2024

The Pune police have arrested two more persons in connection with the alleged swapping of blood samples in the Porsche car crash case, a top official said on Tuesday.

Deloitte flags 3 Adani Port transactions; contractor named in Hindenburg report

Deloitte flags 3 Adani Port transactions; contractor named in Hindenburg report

Rediff.com31 May 2023

Auditor Deloitte flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone.

Mediclaim: Want To Buy An OPD Plan?

Mediclaim: Want To Buy An OPD Plan?

Rediff.com14 Jul 2025

These plans are suited for individuals and families with regular OPD needs -- those managing chronic illnesses and families with young children or elderly members.

India to pursue Dalla's extradition with Canada

India to pursue Dalla's extradition with Canada

Rediff.com14 Nov 2024

India on Thursday said it will pursue an extradition request with Canada for Arsh Singh Gill alias Arsh Dalla, the de-facto chief of the Khalistan Tiger Force, following his arrest in that country.

Banks yet to restrict free ATM transactions in metros

Banks yet to restrict free ATM transactions in metros

Rediff.com2 Nov 2014

Even as RBI allowed banks to charge ATM transactions beyond five in metros, the lenders are yet to restrict the number of free withdrawals for their own customers at home ATMs.

Wrong ITR Form Can Delay Tax Returns

Wrong ITR Form Can Delay Tax Returns

Rediff.com27 May 2025

The return filed could be treated as defective, invalid, or even be considered as not filed at all.

How US-based Jane Street siphoned Rs 36,000 cr from Indian markets

How US-based Jane Street siphoned Rs 36,000 cr from Indian markets

Rediff.com4 Jul 2025

The strategy was straightforward - aggressively buy select Bank Nifty index stocks in the morning and sell them just as forcefully later in the day, triggering a sharp drop in share prices.

Silver ETFs Gain Ground Over Gold In 2025

Silver ETFs Gain Ground Over Gold In 2025

Rediff.com2 Jun 2025

'While investing in a silver ETF, one should be aware that it has historically exhibited higher price volatility than gold.'

Axis, HDFC Bank to charge you for more than 5 ATM transactions

Axis, HDFC Bank to charge you for more than 5 ATM transactions

Rediff.com8 Nov 2014

At other bank ATMs, the customers of these banks will be charged beyond three transactions.

Court refuses to extend police custody of Saif's 'attacker'

Court refuses to extend police custody of Saif's 'attacker'

Rediff.com29 Jan 2025

A court in Mumbai on Wednesday refused the city police custody of the Bangladeshi national arrested for allegedly stabbing actor Saif Ali Khan, and sent him in judicial remand noting that there was no fresh ground to extend his police custody.

NBFCs draw flak for lax loan appraisal practices

NBFCs draw flak for lax loan appraisal practices

Rediff.com11 Apr 2025

Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.

Urgent! Update Financial Details!

Urgent! Update Financial Details!

Rediff.com6 Dec 2023

Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.

Priyank Kharge's close aide among 6 booked for plot to kill BJP MLA

Priyank Kharge's close aide among 6 booked for plot to kill BJP MLA

Rediff.com29 Dec 2024

A case has been registered against Raju Kapanur, a close aide of Karnataka Minister Priyank Kharge, and five others in connection with a conspiracy to kill BJP MLA Basavaraj Mattimadu and other leaders. The case was registered based on a suicide note by a civil contractor, Sachin Panchal, who accused Kapanur and his aides of making death threats. The BJP has demanded that the case be handed over to the CBI, while Priyank Kharge has denied the allegations and accused the BJP of politicising Sachin's death.

Now, Insurance For Money Loss From Online Scams

Now, Insurance For Money Loss From Online Scams

Rediff.com29 Apr 2025

In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.

Temasek gets CCI nod to buy minority stake in Haldiram

Temasek gets CCI nod to buy minority stake in Haldiram

Rediff.com20 May 2025

The Competition Commission of India on Tuesday approved Singapore's Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company.

'BC network has to be commercially viable'

'BC network has to be commercially viable'

Rediff.com20 Feb 2025

'With a very stable technology with limited functionalities, a large network has spanned out.'

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.

Banks limit ATM usage; to charge for more than 5 transactions

Banks limit ATM usage; to charge for more than 5 transactions

Rediff.com31 Oct 2014

Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a levy of Rs 20 per transaction from November 1.

Govt brings 'politically exposed persons' under money laundering law

Govt brings 'politically exposed persons' under money laundering law

Rediff.com10 Mar 2023

The government has amended rules under the anti-money law, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEP).

It Starts With A Casual Bet And Then...

It Starts With A Casual Bet And Then...

Rediff.com4 Jul 2025

In 2025 alone, at least 50 suicides linked to online gambling losses have been reported across India. According to FIRs, the victims were addicted to betting, largely driven by cricket, rummy and poker.

SBI@70: Who Says The Elephant Can't Dance?

SBI@70: Who Says The Elephant Can't Dance?

Rediff.com7 Jul 2025

While a giant, it's a nimble-footed one, and is growing at a speed that even some of its private sector peers find enviable.
Between FY18 and FY24, it doubled its balance sheet. Despite being a late entrant in some segments, it has been able to grab market share, observes Tamal Bandyopadhyay.

Reveal financial dealings: AP govt to Sai Trust

Reveal financial dealings: AP govt to Sai Trust

Rediff.com27 Jun 2011

The police are questioning members of Sathya Sai Central Trust in Puttaparthi in relation to the Rs 35.5 lakh seized at Kodikonda checkpost at Hindupur on June 18. While the police have completed the questioning of Ratnakar, Sathya Sai Baba's nephew, the interrogation of Srinivasan, a high-profile member of the trust, is underway.

RBI limits free ATM transactions of other banks

RBI limits free ATM transactions of other banks

Rediff.com14 Aug 2014

The RBI also allowed banks to levy ATM charges beyond 5 transactions for the same bank's account holders.

'My Job Is To Be A Facilitator'

'My Job Is To Be A Facilitator'

Rediff.com23 Jun 2025

'My job is to provide people with a bouquet of options they can choose from.'

Siddique murder: Late-night calls by 4 friends help arrest main shooter

Siddique murder: Late-night calls by 4 friends help arrest main shooter

Rediff.com12 Nov 2024

The Mumbai Crime Branch and the Uttar Pradesh police Special Task Force arrested Gautam along with Anurag Kashyap, Gyan Prakash Tripathi, Akash Srivastava and Akhilendra Pratap Singh on Sunday in Uttar Pradesh's Nanpara area, near the Nepal border.