News for 'foreign account'

High Time India Resists Real Estate Mania

High Time India Resists Real Estate Mania

Rediff.com14 Oct 2024

Once we break free of the idea that land is scarce, real estate is just a pile of bricks, steel, and glass. Any price surge will kick off a supply response, which kills off the possibility of sustained price appreciation, points out Ajay Shah.

'Nifty Pullback Needs To Be Taken In Stride'

'Nifty Pullback Needs To Be Taken In Stride'

Rediff.com22 Oct 2024

'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'

'In Equity Markets, One Has To Be Patient'

'In Equity Markets, One Has To Be Patient'

Rediff.com12 Nov 2024

'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'

Sebi's six-step plan may shake up F&O volumes

Sebi's six-step plan may shake up F&O volumes

Rediff.com3 Oct 2024

The Securities and Exchange Board of India's (Sebi's) six-step plan to curb retail participation in speculative index derivatives may lead to a substantial drop in volumes - potentially by 30-40 per cent. These measures aim to reduce excessive speculation in the futures and options (F&O) segment, where daily turnover often exceeds Rs 500 trillion and retail investors end up on the losing side of the trade more often. Sebi has decided to increase the contract size from Rs 5 lakh to Rs 15 lakh, raising margin requirements and mandating the upfront collection of option premiums from buyers.

Trump picks Fox News host as defence secretary

Trump picks Fox News host as defence secretary

Rediff.com13 Nov 2024

United States President-elect Donald Trump on Tuesday announced the nomination of popular Fox News host and Army veteran Pete Hegseth, 44, as his defence secretary.

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

Rediff.com24 Oct 2024

Buch, under a cloud over allegations of conflict of interest levelled by United States-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.

B'desh objects to Mamata's 'offer' to shelter refugees

B'desh objects to Mamata's 'offer' to shelter refugees

Rediff.com24 Jul 2024

Banerjee, referring to violence-hit Bangladesh, said she would keep the doors of West Bengal open for people in distress from the neighbouring country and offer them shelter.

Piyush Goyal not against e-commerce platforms, but...

Piyush Goyal not against e-commerce platforms, but...

Rediff.com22 Aug 2024

A day after lambasting e-commerce players for predatory pricing, Union Commerce Minister Piyush Goyal on Thursday said he is not against online platforms but India wants such entities to be "fair and honest" in their conduct. Speaking with reporters in the financial capital, the outspoken Union minister said the rule of the law should be followed in letter and spirit, and made it clear that consumer preferences should not be influenced by algorithms.

HDFC Bank's share price down, should you worry?

HDFC Bank's share price down, should you worry?

Rediff.com22 Aug 2024

Analysts are of the view that long-term investors could continue to hold the stock, irrespective of the MSCI development.

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Rediff.com28 Oct 2024

Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.

Can An MBA Get Me A Better Job?

Can An MBA Get Me A Better Job?

Rediff.com30 Sep 2024

rediffGURU Patrick DSouza trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.

America Stoops to Conquer

America Stoops to Conquer

Rediff.com7 Nov 2024

The Biden administration's failure in stopping two major wars and several minor ones was seen as a major disaster by many Americans and the world at large, observes Ambassador T P Sreenivasan.

Trump's 'America First' agenda may lead to higher tariffs

Trump's 'America First' agenda may lead to higher tariffs

Rediff.com6 Nov 2024

With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.

Recalled envoy speaks out: Canada backstabbed India

Recalled envoy speaks out: Canada backstabbed India

Rediff.com24 Oct 2024

Calling Canada's behaviour 'the pits', India's recalled high commissioner Sanjay Verma says India was backstabbed and treated in a most unprofessional manner by a country that is supposed to be a friendly democracy.

Raj rules: Indians account for most foreign-born residents in UK

Raj rules: Indians account for most foreign-born residents in UK

Rediff.com8 Nov 2022

Nearly one in six people living in England and Wales last year were born outside the country and Indians constituted the largest chunk at 1.5 per cent of residents, according to latest statistics based on the country's 2021 census data.

Amid volatility retail investor confidence unshaken

Amid volatility retail investor confidence unshaken

Rediff.com12 Jun 2024

The spike in volatility, amid election uncertainty, has done little to dent the confidence of retail investors, shows demat account addition and equity mutual fund (MF) investment data. In May, investors opened a net 3.6 million demat accounts, taking the total to 158 million. MF data released on Monday pegged the net inflows into equity schemes and SIP investments at new record highs of Rs 34,697 crore and Rs 20,904 crore, respectively.

Modi meets Palestinian President in New York, discusses Gaza

Modi meets Palestinian President in New York, discusses Gaza

Rediff.com23 Sep 2024

Prime Minister Modi held separate talks with world leaders including his Nepalese counterpart K P Sharma Oli, and Palestinian President Mahmoud Abbas, discussing various facets of bilateral ties and reaffirmed India's support for the Palestinian people.

Foreign exchange reserves decline to $570.74 bn

Foreign exchange reserves decline to $570.74 bn

Rediff.com19 Aug 2022

The country's foreign exchange reserves fell $2.238 billion to $570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous week ended August 5, the foreign exchange reserves declined $897 million to $572.98 billion. The fall in the reserves in the reporting week ended August 12 was on account a decline in the Foreign Currency Assets (FCA), a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI on Friday.

Will Japan Instability Derail India Ties?

Will Japan Instability Derail India Ties?

Rediff.com8 Nov 2024

There is nothing to be worried about as bilateral ties are robust with solid foundations. Both are on the same page on the economic and defence/security ties bilaterally and globally and that shall continue irrespective of change in political dispensation in either country, points out Dr Rajaram Panda.

Foreign investors now enter India via sub-account route

Foreign investors now enter India via sub-account route

Rediff.com2 Aug 2012

Foreign investors are preferring to access the Indian market through the sub-account route rather than coming in as foreign institutional investors (FIIs), thanks to stricter regulatory norms and tax-related concerns related to the proposed general anti-avoidance rules (GAAR).

Diplomatic Expulsions: Games Nations Play

Diplomatic Expulsions: Games Nations Play

Rediff.com18 Oct 2024

India and Canada have mutually beneficial political and economic linkages. The two countries should get together and find a solution. The expulsion war should, in the meantime, be a guarantee against any deterioration of the situation, asserts Ambassador T P Sreenivasan, the first Indian head of mission to be ever expelled by any country.

IT firms' work for int'l clients may not always attract IGST

IT firms' work for int'l clients may not always attract IGST

Rediff.com17 May 2024

Services provided by Indian information-technology (IT), marketing, and consulting companies to foreign clients may not always draw integrated goods and services tax (IGST) if a ruling by the Authority for Advance Rulings' (AAR's) Telangana Bench becomes a precedent. The AAR gave its ruling on a specific case of referral services provided by the Hyderabad-based Center for International Admission and Visas (CIAV) to foreign universities and colleges for admitting Indian students.

Banks' gross NPAs at 12-yr low, may fall further to 2.5%

Banks' gross NPAs at 12-yr low, may fall further to 2.5%

Rediff.com27 Jun 2024

The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI's Financial Stability Report (FSR) released on Thursday. Scheduled Commercial Banks' (SCBs) gross non-performing assets (GNPA) ratio fell to 2.8 per cent, and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024. "The asset quality of SCBs recorded sustained improvement, and their GNPA ratio moderated to a 12-year low in March 2024. Their NNPA ratio too improved to a record low," said the June FSR.

Last Minute Tips For Error Free ITR

Last Minute Tips For Error Free ITR

Rediff.com31 Jul 2024

It is advisable to file your ITR right away and not rely on potential extensions.

Considering An Education Loan? Read This

Considering An Education Loan? Read This

Rediff.com10 Sep 2024

'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'

Budget Qs Answered: 'Selling My Home At Rs 5 Cr. How Much Tax Will I Pay?'

Budget Qs Answered: 'Selling My Home At Rs 5 Cr. How Much Tax Will I Pay?'

Rediff.com26 Jul 2024

rediffGURU Samkit Maniar answers readers' personal income tax queries.

'Not hard proof, just...': Trudeau's big admission on Nijjar killing

'Not hard proof, just...': Trudeau's big admission on Nijjar killing

Rediff.com17 Oct 2024

Trudeau claimed the Indian diplomats were collecting information on Canadians who are in disagreement with the Narendra Modi government and passing it to the highest levels within the Indian government and criminal organisations like the Lawrence Bishnoi gang.

Foreign varsities can now set up campuses in India

Foreign varsities can now set up campuses in India

Rediff.com5 Jan 2023

The UGC chairperson stressed that foreign varsities with campuses in the country can only offer full-time programmes in physical mode and not online or distance learning.

Sebi bans Vijay Mallya from securities market for 3 years

Sebi bans Vijay Mallya from securities market for 3 years

Rediff.com26 Jul 2024

Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the Indian securities market using overseas bank accounts with UBS AG. The Indian government has been attempting to extradite Mallya from the United Kingdom to face fraud charges related to his now-defunct company Kingfisher Airlines. Mallya has been living in the United Kingdom since March 2016.

India must focus on mind training of athletes: Prakash

India must focus on mind training of athletes: Prakash

Rediff.com6 Aug 2024

Shocked at the way Lakshya Sen succumbed to pressure in the men's singles badminton bronze medal play-off at the Paris Olympics, the legendary Prakash Padukone said it's high time players learn to withstand pressure, become accountable and start delivering results after receiving support.

No country should...: Quad's clear message to China

No country should...: Quad's clear message to China

Rediff.com29 Jul 2024

The Quad also vowed to work towards a free, open and prosperous Indo-Pacific, a region that has seen increasing Chinese military muscle-flexing in the last few years.

'Grubby, Murky Deal Is Already Underway'

'Grubby, Murky Deal Is Already Underway'

Rediff.com21 Oct 2024

'In the end, officials in India will be thrown to the wolves, quietly released a couple of years down the road and we'll never hear about them again.'

Taxpayers have to disclose bank accounts, foreign travel to I-T

Taxpayers have to disclose bank accounts, foreign travel to I-T

Rediff.com17 Apr 2015

Taxpayers will have to disclose all bank accounts held by them in India.

India just shy of top-weight China in MSCI EM after rejig

India just shy of top-weight China in MSCI EM after rejig

Rediff.com14 Aug 2024

The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.

Modi meets Zelenskyy in US, 3rd meet between them in 3 months

Modi meets Zelenskyy in US, 3rd meet between them in 3 months

Rediff.com24 Sep 2024

Prime Minister Narendra Modi has held talks with Ukrainian President Volodymyr Zelenskyy and reiterated India's commitment for an early resolution of the conflict in Ukraine and the restoration of peace and stability in the region.

Sensex breaches 78K for 1st time, Nifty @ record high

Sensex breaches 78K for 1st time, Nifty @ record high

Rediff.com25 Jun 2024

Among the 30 Sensex companies, Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra, Larsen & Toubro, Bajaj Finserv, State Bank of India, Reliance Industries and Infosys were the biggest gainers. Power Grid, Asian Paints, Tata Steel, Nestle, Maruti and JSW Steel were among the laggards.

Foreign companies' interest in India fades, shows data

Foreign companies' interest in India fades, shows data

Rediff.com19 Aug 2022

George Acland from Great Britain ran a coffee plantation in Sri Lanka and set up India's first jute mill in 1855. He raised capital and imported the machinery for the mill on the banks of the Hooghly in West Bengal. His company wasn't a great success, but his pioneering work paved the way for India to dominate the jute industry.

Pak nuclear scientists had foreign bank accounts

Pak nuclear scientists had foreign bank accounts

Rediff.com27 Jan 2004

President Musharraf was reportedly devastated to hear about it.

Markets end higher on foreign fund inflows; Sensex up 242 points

Markets end higher on foreign fund inflows; Sensex up 242 points

Rediff.com2 May 2023

From the Sensex firms, Tech Mahindra, NTPC, Tata Steel, Maruti, Infosys, Power Grid, Larsen & Toubro, Axis Bank, Titan, Reliance Industries, Wipro and Mahindra & Mahindra were the biggest gainers. Sun Pharma, UltraTech Cement, Tata Motors, Kotak Mahindra Bank, Bajaj Finance, State Bank of India and Nestle were among the laggards.

SBI ready to open rupee trade account with Russian banks

SBI ready to open rupee trade account with Russian banks

Rediff.com16 Sep 2022

State Bank of India (SBI) is willing to work with Russian banks not facing sanctions and remain on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network to open a special rupee vostro account (SRVA) for invoicing in Indian currency. The country's largest lender in a statement said it has not been identified as the nodal bank for handling Russia-related transactions. In July, the Reserve Bank of India (RBI) allowed banks in India, including SBI, to open an SRVA to promote invoicing in Indian rupee, subject to certain safeguards. Accordingly, the bank in a statement said it is "making necessary arrangements and processing requests received from various banks, including Russian banks", following guidelines laid out by the RBI.