News for 'foreign account'

Shouldn't be poor are growing, while wealth is centralised: Gadkari

Shouldn't be poor are growing, while wealth is centralised: Gadkari

Rediff.com7 Jul 2025

Union Minister Nitin Gadkari voiced concerns about increasing poverty and wealth concentration, advocating for wealth decentralization and job creation in rural areas. He also highlighted the need for balanced sectoral contributions to GDP and discussed infrastructure development initiatives.

ED summons Anil Ambani on Aug 5, issues look out circular

ED summons Anil Ambani on Aug 5, issues look out circular

Rediff.com2 Aug 2025

The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning in a money laundering case linked to alleged bank loan fraud.

RBI Forex Intervention Hits Highest In 17 Years

RBI Forex Intervention Hits Highest In 17 Years

Rediff.com23 May 2025

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.

Trump Effect: Study Loan Surge to Ease in FY26

Trump Effect: Study Loan Surge to Ease in FY26

Rediff.com11 Jul 2025

Education loan growth is set to halve this fiscal (FY26) because disbursements for the US decelerate following a raft of policy changes there.

Sensex drops 452 points dragged by bank stocks

Sensex drops 452 points dragged by bank stocks

Rediff.com30 Jun 2025

From the Sensex firms, Axis Bank, Kotak Mahindra Bank, Maruti, UltraTech Cement, Bajaj Finance, ICICI Bank, Reliance Industries, Tata Steel, Bharti Airtel and HDFC Bank were among the major laggards. However, Trent, State Bank of India, Bharat Electronics, Titan and Bajaj Finserv were among the gainers.

IPOs Struggle To Attract Retail, HNIs

IPOs Struggle To Attract Retail, HNIs

Rediff.com21 Jul 2025

Market watchers link the pullback to underwhelming listing-day performance and the lack of big-name IPOs.

UNSC report on Pahalgam cites TRF claim, Lashkar link

UNSC report on Pahalgam cites TRF claim, Lashkar link

Rediff.com30 Jul 2025

A UN Security Council report states that The Resistance Front (TRF) claimed responsibility for the Pahalgam terror attack and published a photograph of the attack site. The report also cites assertions that the attack could not have happened without the support of Pakistan-based Lashkar-e-Tayyiba (LeT).

Prez hails Op Sindoor, Atmanirbhar Bharat in I-Day address

Prez hails Op Sindoor, Atmanirbhar Bharat in I-Day address

Rediff.com15 Aug 2025

President Droupadi Murmu addressed the nation on the eve of Independence Day, praising the response to terrorism, highlighting achievements in defense self-reliance, and emphasizing unity and progress.

Sensex rises 317 pts on gains in auto, pharma shares

Sensex rises 317 pts on gains in auto, pharma shares

Rediff.com15 Jul 2025

Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80.

Sebi bans US-based Jane Street from securities mkt; impounds illegal gains of Rs 4,843 cr

Sebi bans US-based Jane Street from securities mkt; impounds illegal gains of Rs 4,843 cr

Rediff.com4 Jul 2025

Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be the highest disgorgement amount ever directed by the Securities and Exchange Board of India (Sebi).

Aayush Goyal Is Headed To The North Pole!

Aayush Goyal Is Headed To The North Pole!

Rediff.com25 Jun 2025

Aayush will represent India on Rosatom's Arctic expedition aboard the 50 Let Pobedy nuclear icebreaker.

Deportation of Bengali migrants to B'desh sparks panic in Bengal village

Deportation of Bengali migrants to B'desh sparks panic in Bengal village

Rediff.com30 Jul 2025

Families in West Bengal allege that Delhi Police illegally detained and deported their relatives, living and working in Delhi, to Bangladesh. They claim the deportations were based on the fact that they spoke Bengali.

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.

Black money case: List of 627 foreign account holders given to SC

Black money case: List of 627 foreign account holders given to SC

Rediff.com29 Oct 2014

The Centre on Wednesday placed a list of names of 627 Indian account holders in HSBC bank, Geneva in the black money case before the Supreme Court which asked a Special Investigation Team to go through the list and take appropriate action in accordance with law.

Want To Invest in MNC Funds?

Want To Invest in MNC Funds?

Rediff.com19 Jul 2025

Despite recent underperformance, MNC funds have delivered over longer time frames.

Is Trump Winning Immigration Battle?

Is Trump Winning Immigration Battle?

Rediff.com9 Jul 2025

Mr Trump's actions, because of their extreme nature and the dangerous rhetoric that accompanies them, receive the most attention, points out Mihir S Sharma.

This Is India's Oldest Surviving Tiranga

This Is India's Oldest Surviving Tiranga

Rediff.com30 Jul 2025

The first national flag in Independent India was hoisted at Fort St George in Madras, not at Delhi's Red Fort.

China, Pak listening, Jaishankar reminds SCO of its '3 evils' pitch

China, Pak listening, Jaishankar reminds SCO of its '3 evils' pitch

Rediff.com15 Jul 2025

Jaishankar said the UN Security Council condemned the attack and underlined the need to hold perpetrators, organisers, financiers and sponsors of the reprehensible act and bring them to justice.

Jane Street puts lens on high-frequency trading, quant firms

Jane Street puts lens on high-frequency trading, quant firms

Rediff.com15 Jul 2025

Sebi aims to stay proactive as HFT and quant firms like Citadel Securities, Optiver, Millennium, and IMC Trading are expanding rapidly in India, which is home to the world's largest derivatives market by contracts traded.

'Pakistan Could Be Planning Something Against India'

'Pakistan Could Be Planning Something Against India'

Rediff.com11 Aug 2025

'We need to be very vigilant as we are passing through some fraught times.'

Top 10 Courses For Commerce Students After Class 12

Top 10 Courses For Commerce Students After Class 12

Rediff.com2 Jun 2025

In today's dynamic economic landscape, commerce and management education is crucial for a global career, says Nayagam PP.

Missing influencer found dead in car in Punjab varsity parking lot

Missing influencer found dead in car in Punjab varsity parking lot

Rediff.com12 Jun 2025

The 30-year-old operated an Instagram account under the name 'Kamal Kaur Bhabhi' and had 3.84 lakh followers.

Ranya Rao case: ED raids institutions linked to K'taka home minister

Ranya Rao case: ED raids institutions linked to K'taka home minister

Rediff.com21 May 2025

The Enforcement Directorate (ED) on Wednesday searched locations in Karnataka, including educational institutions linked to state Home Minister G Parameshwara, as part of a probe into alleged gold smuggling-linked money laundering case against Kannada actor Ranya Rao and others. The ED sources said an educational trust is suspected to have "diverted" funds and made a payment of Rs 40 lakh towards the credit card bill of Rao, allegedly on the instructions of an influential individual. The sources claimed the trust is linked to Parameshwara and the "influential" individual is a politically exposed person. The searches found there were no supporting vouchers or documentation to "substantiate" this payment (for credit card bill payment), they said.

Check Margins To Choose Right Tax Regime

Check Margins To Choose Right Tax Regime

Rediff.com29 May 2025

Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.

Auto industry turns on heat over ICE ban, wants ban deferred

Auto industry turns on heat over ICE ban, wants ban deferred

Rediff.com18 Jul 2025

Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.

NBFCs' share of stressed assets rose to 5.9% in March: RBI report

NBFCs' share of stressed assets rose to 5.9% in March: RBI report

Rediff.com1 Jul 2025

Asset quality within the non-banking financial sector (NBFCs) deteriorated with the share of stressed assets rising to 5.9 per cent in March 2025 from 3.9 per cent in September 2024, according to the Reserve Bank of India's Financial Stability Report (FSR). Slippage ratios among upper layer NBFCs have been rising, along with an upward trend in loan write-offs.

CII expects GDP to grow 6.4-6.7% in FY26

CII expects GDP to grow 6.4-6.7% in FY26

Rediff.com3 Jul 2025

India's economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, the newly appointed CII president Rajiv Memani said on Thursday.

Respond to taxman's notice, file revised or updated return

Respond to taxman's notice, file revised or updated return

Rediff.com27 Jun 2025

The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.

RBI's balance sheet increases 8.2% to Rs 76.25 lakh crore in FY25

RBI's balance sheet increases 8.2% to Rs 76.25 lakh crore in FY25

Rediff.com29 May 2025

The size of the Reserve Bank's balance sheet as on March 31, 2025 increased by 8.20 per cent year-on-year, leading to a bumper dividend of Rs 2.69 lakh crore for the central government. Increase on assets side was due to rise in gold, domestic investments and foreign investments by 52.09 per cent, 14.32 per cent and 1.70 per cent, respectively, said the RBI's Annual Report for the Year 2024-25 released on Thursday.

Liverpool Univ to Open Bengaluru Campus

Liverpool Univ to Open Bengaluru Campus

Rediff.com27 May 2025

Initially, we will look to take a small batch of a few hundred students, with a plan to increase this to 5,000 students in the next five years, and eventually 10,000 by 2036.'

No visa on 'omitting' social media info: US embassy

No visa on 'omitting' social media info: US embassy

Rediff.com26 Jun 2025

Outlining each visa adjudication as a 'national security decision', the United States has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.

Why Is SEBI Probing A Trading Giant?

Why Is SEBI Probing A Trading Giant?

Rediff.com21 Jun 2025

Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.

IPOs mark a new era for India's hospitality industry with scale, ambition

IPOs mark a new era for India's hospitality industry with scale, ambition

Rediff.com15 Jul 2025

India's hospitality sector is rolling out the red carpet for investors. A flurry of upcoming IPOs, or initial public offerings, the entry of new players, and ambitious expansion plans by Indian and global hotel brands are ushering in what could be the industry's most formalised era yet. Leading the charge are real estate titans, who are turning their hotel arms into global hospitality chains.

Rare Earth Magnet Shortage: Will China Play Ball?

Rare Earth Magnet Shortage: Will China Play Ball?

Rediff.com25 Jun 2025

The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.

CBI Raids 10 Sites in Cyberfraud Crackdown

CBI Raids 10 Sites in Cyberfraud Crackdown

Rediff.com14 Jun 2025

The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.

'Pressure On Dollar May Continue In Near Term'

'Pressure On Dollar May Continue In Near Term'

Rediff.com12 Jun 2025

'Many global investors have been overweight on dollar assets, so some diversification or hedging is naturally expected.'

Govt explains why India launched strikes in Pak, PoK

Govt explains why India launched strikes in Pak, PoK

Rediff.com7 May 2025

India carried out missile strikes on terror targets in Pakistan and Pakistan-Occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke, after the Pahalgam attack that killed 26 civilians. The Foreign Secretary said the actions were measured, non-escalatory, proportionate and responsible.

Detective Sherdil Review: Whodunit? Who cares?

Detective Sherdil Review: Whodunit? Who cares?

Rediff.com20 Jun 2025

The silliness Detective Sherdil packs in the guise of humour not only trivialises a likeable star into a scallywag but squanders its ensemble cast into one-note distractions, notes Sukanya Verma.

Why You May Get An I-T Notice

Why You May Get An I-T Notice

Rediff.com17 Jun 2025

'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'

Omit social media, risk visa denial: US tightens screening rules

Omit social media, risk visa denial: US tightens screening rules

Rediff.com26 Jun 2025

Outlining each visa adjudication as a "national security decision", the US has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.