News for 'financial services'

Paytm Outpaces Rivals in Monetisation, Driven by Lending and Financial Services

Paytm Outpaces Rivals in Monetisation, Driven by Lending and Financial Services

Rediff.com5 Mar 2026

A BofA Global Research report indicates that Paytm is leading in monetisation compared to its competitors due to its diversified mix of merchant lending and financial services, which enhances profitability and strengthens its position in the Indian fintech market.

Assets Attached in United Services Club Financial Fraud Investigation

Assets Attached in United Services Club Financial Fraud Investigation

Rediff.com23 Mar 2026

The Enforcement Directorate (ED) has provisionally attached assets worth approximately Rs 34.51 crore in connection with an alleged financial fraud involving the United Services Club in south Mumbai.

Self-Styled Godman's Financial Irregularities Exposed in Maharashtra

Self-Styled Godman's Financial Irregularities Exposed in Maharashtra

Rediff.com1 days ago

Self-styled godman Ashok Kharat, already facing rape charges, is now under investigation for opening over 130 accounts with cooperative credit societies and conducting transactions worth approximately Rs 63 crore.

Self-Styled Godman Ashok Kharat's Financial Irregularities Exposed

Self-Styled Godman Ashok Kharat's Financial Irregularities Exposed

Rediff.com2 days ago

Self-styled godman Ashok Kharat, already facing rape charges, is now under investigation for suspicious financial activities involving numerous accounts and large transactions.

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.

Jio Payments Bank Enables UPI Cash Withdrawals at Touchpoints

Jio Payments Bank Enables UPI Cash Withdrawals at Touchpoints

Rediff.com17 Mar 2026

Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.

How India's New Phygital Centre Aims to Transform Rural Life in Madhya Pradesh

How India's New Phygital Centre Aims to Transform Rural Life in Madhya Pradesh

Rediff.com15 Mar 2026

India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.

Bhambri, Nagal Get Financial Aid to Prep for Asian Games, Davis Cup

Bhambri, Nagal Get Financial Aid to Prep for Asian Games, Davis Cup

Rediff.com12 Mar 2026

Yuki Bhambri and Sumit Nagal receive financial assistance to prepare for the 2026 Asian Games and Davis Cup, while Dhakshineswar Suresh joins the Target Asian Games Group.

Private Banks Face CEO Talent Crunch

Private Banks Face CEO Talent Crunch

Rediff.com5 days ago

What is the reason behind this drying up of talent for the top post in private banks?

Jharkhand to Provide Financial Aid to Crime Victims

Jharkhand to Provide Financial Aid to Crime Victims

Rediff.com26 Feb 2026

The Jharkhand government will provide financial assistance to victims of crime or their dependents under the Jharkhand Victim Compensation Scheme, 2016. Minimum compensation amounts have been fixed for various crimes, with applications submitted to the District Legal Services Authority (DLSA).

Atanu Chakraborty Reveals Reasons for His Resignation as HDFC Bank Chairman

Atanu Chakraborty Reveals Reasons for His Resignation as HDFC Bank Chairman

Rediff.com4 days ago

Former HDFC Bank chairman Atanu Chakraborty cites misselling of AT-1 bonds and underperformance as key reasons for his resignation, dismissing personal differences as a major factor.

Jefferies Predicts Strong Growth for Paytm, Retains 'Buy' Rating

Jefferies Predicts Strong Growth for Paytm, Retains 'Buy' Rating

Rediff.com23 Mar 2026

Brokerage firm Jefferies maintains a 'Buy' rating for Paytm, citing its dominant merchant payments platform and projected revenue growth.

Foreign investors dump Rs 88,180 cr in Mar; 2026 outflows cross Rs 1 lakh cr

Foreign investors dump Rs 88,180 cr in Mar; 2026 outflows cross Rs 1 lakh cr

Rediff.com22 Mar 2026

Foreign investors have withdrawn over Rs 88,000 crore from Indian equities this month, driven by geopolitical tensions, a weak rupee, and concerns about rising crude oil prices.

Infosys partners with Anthropic for AI solutions

Infosys partners with Anthropic for AI solutions

Rediff.com17 Feb 2026

Infosys on Tuesday announced a strategic collaboration with American artificial intelligence company Anthropic to develop and deploy advanced enterprise AI solutions for companies across telecommunications, financial services, manufacturing, and software development.

'Quality Companies To Lead Next IPO Wave'

'Quality Companies To Lead Next IPO Wave'

Rediff.com13 Mar 2026

'The next phase of India's IPO cycle will be defined by quality, pricing discipline and investor selectivity.'

Rediff.com Prepares for Potential IPO

Rediff.com Prepares for Potential IPO

Rediff.com3 days ago

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.

UPI Transactions Surge to Record High: Understanding the Growth Factors

UPI Transactions Surge to Record High: Understanding the Growth Factors

Rediff.com2 days ago

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 days ago

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.

Wipro's AI-Data Centre Solution to Boost Enterprise AI Adoption

Wipro's AI-Data Centre Solution to Boost Enterprise AI Adoption

Rediff.com20 Mar 2026

Wipro has launched its AI-Data Centre solution, integrating NVIDIA's AI Enterprise platform, to accelerate enterprise-scale AI adoption and modernise data centre environments.

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.

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

Rediff.com20 Dec 2025

Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.

Fexo's AI Engine Aims to Streamline Business Loan Decisions for Banks

Fexo's AI Engine Aims to Streamline Business Loan Decisions for Banks

Rediff.com12 Mar 2026

Fexo, an AI intelligence platform focused on the BFSI sector, has launched its AI decisioning engine for business loans, designed to help financial institutions accelerate AI adoption and improve decision-making processes.

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.

Why Did Atanu Chakraborty Quit HDFC Bank?

Why Did Atanu Chakraborty Quit HDFC Bank?

Rediff.com5 days ago

'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'

Chhattisgarh Suspends IG After Harassment Allegations Surface

Chhattisgarh Suspends IG After Harassment Allegations Surface

Rediff.com27 Mar 2026

The Chhattisgarh government has suspended Inspector General of Police Ratan Lal Dangi following a complaint of harassment and financial irregularities. An inquiry has been ordered into the allegations.

MF launches taper off in March in the midst of West Asia flare-up

MF launches taper off in March in the midst of West Asia flare-up

Rediff.com2 days ago

Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.

Chhattisgarh Government Suspends IG Over Misconduct Allegations

Chhattisgarh Government Suspends IG Over Misconduct Allegations

Rediff.com26 Mar 2026

The Chhattisgarh government has suspended Inspector General of Police Ratan Lal Dangi following a complaint of harassment and financial irregularities. The suspension is due to alleged violations of service conduct rules and unbecoming behaviour.

Kareena Kapoor On Dhurandhar: 'Not A Ranveer Singh Film'

Kareena Kapoor On Dhurandhar: 'Not A Ranveer Singh Film'

Rediff.com3 days ago

Kareena Kapoor has attributed the monumental box office success of the Dhurandhar franchise to director Aditya Dhar's creative vision, rather than lead star Ranveer Singh's appeal.

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.

UPSC introduces face authentication, eligibility changes for civil services exam

UPSC introduces face authentication, eligibility changes for civil services exam

Rediff.com6 Feb 2026

The Union Public Service Commission (UPSC) has announced mandatory face authentication for all candidates at examination centers and introduced stricter eligibility criteria for the Civil Services Examination (CSE) 2026.

Airline stocks fly into rough weather again

Airline stocks fly into rough weather again

Rediff.com19 Mar 2026

India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.

FPIs Pull Out Record 1.04 Trillion In March

FPIs Pull Out Record 1.04 Trillion In March

Rediff.com24 Mar 2026

Domestic institutional investors, on the other hand, made a net investment of Rs 1.13 trillion during this period.

Adani Group adopts 3-layer structure to empower frontline,flatten hierarchy

Adani Group adopts 3-layer structure to empower frontline,flatten hierarchy

Rediff.com9 hours ago

Billionaire Gautam Adani announced the Adani Group is transitioning to a three-layer organisational structure to flatten hierarchy and empower its frontline operations, aiming for faster decision-making and increased accountability.

Banks' gold loan portfolio surged 128% in Feb

Banks' gold loan portfolio surged 128% in Feb

Rediff.com4 days ago

Loans against gold jewellery in India surged by an impressive 128 per cent year-on-year to nearly 4.28 trillion in February 2026, according to the latest Reserve Bank of India (RBI) data, significantly outpacing overall retail loan growth.

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

Rediff.com4 days ago

The Jammu and Kashmir government has directed the JKBOSE to take strict action against private schools found to be arbitrarily increasing fees and violating established regulations.

LIC Offices Open on Tuesday Following Irdai Advisory

LIC Offices Open on Tuesday Following Irdai Advisory

Rediff.com4 days ago

LIC offices will remain open during normal working hours on Tuesday for customer convenience, following an advisory from Irdai. CoinDCX commits to invest in cybersecurity infrastructure, and PayNearby introduces UPI QR-based cash withdrawals.

Airpay and MSCB Team Up to Expand Digital Payments in Maharashtra's Rural Co-operative Sector

Airpay and MSCB Team Up to Expand Digital Payments in Maharashtra's Rural Co-operative Sector

Rediff.com27 Mar 2026

Airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in Maharashtra, aiming to accelerate financial inclusion in rural areas.

Shashank Jain to Take Over as Brookfield India REIT CEO

Shashank Jain to Take Over as Brookfield India REIT CEO

Rediff.com4 days ago

Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT, effective July 1.

Trinamool Congress Unveils Manifesto with Focus on Healthcare and Welfare

Trinamool Congress Unveils Manifesto with Focus on Healthcare and Welfare

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal Assembly polls, outlining 10 key pledges focused on expanding welfare schemes, improving healthcare access, and developing infrastructure.

Trinamool Congress Unveils Manifesto with Focus on Healthcare and Women's Empowerment

Trinamool Congress Unveils Manifesto with Focus on Healthcare and Women's Empowerment

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal Assembly polls, outlining 10 key pledges focused on expanding welfare schemes, improving healthcare access, and developing infrastructure.