News for 'foreign account'

Biden urged to delay recognition of new Pak govt over rigging concerns

Biden urged to delay recognition of new Pak govt over rigging concerns

Rediff.com1 Mar 2024

The lawmakers expressed concerns about "pre- and post-poll rigging in Pakistan's recent parliamentary elections" and urged the US Congress to "withhold recognition of a new government in Pakistan until a thorough, transparent, and credible investigation of election interference has been conducted".

Caste survey: 34% Bihar families earn less than Rs 200/day

Caste survey: 34% Bihar families earn less than Rs 200/day

Rediff.com7 Nov 2023

The percentage of households who live on less than Rs 6,000 a month or less than Rs 200 a day among the Scheduled tribe households (42.91 per cent) was almost the same as among scheduled caste households (42.78 per cent).

Forex scam traced to HDFC Bank accounts

Forex scam traced to HDFC Bank accounts

Rediff.com15 Oct 2015

The amounts were transferred from HDFC Bank to BoB.

Why govt must prioritise attracting foreign capital

Why govt must prioritise attracting foreign capital

Rediff.com10 Oct 2018

Given the concerns around trade wars that threaten to jeopardise global capital flows as well, attracting foreign capital needs to be a policy priority, says Neelkanth Mishra.

Sensex ends 107 points lower in choppy trade

Sensex ends 107 points lower in choppy trade

Rediff.com1 Feb 2024

Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.

India engaging with China diplomatically, militarily: Foreign secy

India engaging with China diplomatically, militarily: Foreign secy

Rediff.com6 Jul 2020

Shringla said that diplomacy is looking at a very changed scenario in terms of how statecraft and relations between countries work in the wake of the pandemic.

US evades question on giving nod to Pak strike on Iran

US evades question on giving nod to Pak strike on Iran

Rediff.com19 Jan 2024

The United States on Thursday (local time) evaded a question on whether Pakistan held prior consultations with Washington, DC before conducting retaliatory air strikes on Iran.

BSE-listed firms' m-cap touch record high of Rs 337.67 lakh crore

BSE-listed firms' m-cap touch record high of Rs 337.67 lakh crore

Rediff.com1 Dec 2023

The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 337.67 lakh crore ($4 trillion) on Friday amid a rally in equities, mainly on account of favourable macroeconomic data and continuous foreign fund inflows. Rising for the fourth straight day, the 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19 points. During the day, it rallied 575.89 points or 0.85 per cent to 67,564.33 points.

Hydroxychloroquine exports only to foreign govts, not pvt cos

Hydroxychloroquine exports only to foreign govts, not pvt cos

Rediff.com10 Apr 2020

India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.

Flows into NRI deposits grow multi-fold to $2.14 billion in first quarter

Flows into NRI deposits grow multi-fold to $2.14 billion in first quarter

Rediff.com18 Aug 2023

The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million in the same period in FY23. The outstanding NRI deposits rose by $2.5 billion, standing at $141.28 billion at the end of June 2023, up from $138.77 billion in May 2023, according to Reserve Bank of India (RBI) data. RBI released the updated data in the bulletin after almost three months.

Midcap, smallcap indices have nearly doubled in 4 years'

Midcap, smallcap indices have nearly doubled in 4 years'

Rediff.com16 Feb 2024

'We are cautious only on sub-sectors that have seen massive melt-up during the past six months.'

RSS's Lack Of Enthusiasm Is Showing

RSS's Lack Of Enthusiasm Is Showing

Rediff.com12 May 2024

According to insiders, their lack of enthusiasm is showing on the ground. There is nothing to suggest that their enthusiasm will return in the final four phases of polling, observes N Sathiya Moorthy.

Current account deficit dips in Q4 to 0.7% of GDP

Current account deficit dips in Q4 to 0.7% of GDP

Rediff.com29 Jun 2019

In absolute terms, the CAD stood at $4.6 billion in the current fourth quarter, compared with $13 billion in the year-ago quarter and $17.7 billion in the third quarter of fiscal year 2018-19.

Will ED Raids Derail BYJU's Funding Plans?

Will ED Raids Derail BYJU's Funding Plans?

Rediff.com11 May 2023

'Which fund manager in the world will put money into a company that hasn't filed its annual account?'

Bandh Karo Yeh Electoral Bonds!

Bandh Karo Yeh Electoral Bonds!

Rediff.com14 Nov 2023

Despite the objections raised by Reserve Bank of India and Election Commission, India's politics has been funded anonymously and it is time to end this, asserts Aakar Patel.

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

Net FDI into India declines sharply to $5 billion in Q1

Net FDI into India declines sharply to $5 billion in Q1

Rediff.com19 Aug 2023

The sectors that received most of the investment during this period included manufacturing, financial services, business services, computer services, electricity, and other energy sectors.

'New Investors Won't Digest Such Falls'

'New Investors Won't Digest Such Falls'

Rediff.com23 Jan 2024

'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'

RBI directs pvt banks to have at least two wholetime directors

RBI directs pvt banks to have at least two wholetime directors

Rediff.com26 Oct 2023

In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.

'We prefer stocks likely to gain from strong domestic growth potential'

'We prefer stocks likely to gain from strong domestic growth potential'

Rediff.com26 Dec 2023

'We like certain stocks from banking, insurance, retail, hospitals and capital goods.' 'Though some of these stocks may seem expensive, they will compound well over the long term, thus justifying their current multiples.'

Black money: India gets data on secret foreign data

Black money: India gets data on secret foreign data

Rediff.com10 Aug 2014

In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.

Sensex climbs 137 points; Infosys, L&T shine

Sensex climbs 137 points; Infosys, L&T shine

Rediff.com16 Aug 2023

UltraTech Cement was the biggest gainer in the Sensex pack, rising 2.43 per cent, followed by NTPC, Tata Motors, Infosys, Power Grid, Mahindra & Mahindra, Larsen & Toubro, Maruti, Wipro and SBI were the major gainers. In contrast, Tata Steel, Bharti Airtel, Bajaj Finserv, Axis Bank, Bajaj Finance and JSW Steel were the major laggards.

Investors lose Rs 2.89 lakh crore in two days of market fall

Investors lose Rs 2.89 lakh crore in two days of market fall

Rediff.com20 Sep 2023

Investors' wealth fell by Rs 2.89 lakh crore in two days of market fall, with the BSE Sensex tumbling 796 points on Wednesday, amid weak global market trends ahead of the US Federal Reserve's interest rate decision. Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides, the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.

Not Filed Your ITR Yet?! Read This Now!

Not Filed Your ITR Yet?! Read This Now!

Rediff.com7 Aug 2023

Missing the deadline for filing Income Tax returns can lead to consequences.

Current account deficit widens to 2.9% of GDP in Q2

Current account deficit widens to 2.9% of GDP in Q2

Rediff.com7 Dec 2018

The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion

Can We Fight China With Such A Budget?

Can We Fight China With Such A Budget?

Rediff.com5 Mar 2024

India has allocated Rs 1.72 trillion, or 27.67 per cent of the total defence budget to cater to modernisation of the country's arsenal. Modern militaries spend up to 50 to 60 per cent of their total defence budget so that they go into combat with superior weaponry and equipment.

Markets tumble nearly 1%; Sensex tanks 523 points

Markets tumble nearly 1%; Sensex tanks 523 points

Rediff.com25 Oct 2023

Among the Sensex firms, Infosys, Bharti Airtel, NTPC, Tata Motors, IndusInd Bank, Bajaj Finance, ICICI Bank, Tech Mahindra, Titan and Axis Bank were among the major laggards. Tata Steel, State Bank of India, Mahindra & Mahindra, Maruti and Nestle were the gainers.

Modi thanks Qatari Emir for release of Navy veterans

Modi thanks Qatari Emir for release of Navy veterans

Rediff.com16 Feb 2024

Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.

'PM-CARES must disclose all account details'

'PM-CARES must disclose all account details'

Rediff.com8 Jun 2020

'Citizens have given money to PM-CARES, so they have the right to know what has happened to their money.'

Is Technology Important In Banking?

Is Technology Important In Banking?

Rediff.com14 Mar 2024

'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'

What Are Multi-Asset Allocation Funds?

What Are Multi-Asset Allocation Funds?

Rediff.com21 Feb 2024

Since MAAFs invest across multiple asset classes, they offer diversification.

Inzamam questions PCB over Hafeez sacking

Inzamam questions PCB over Hafeez sacking

Rediff.com4 Mar 2024

Rauf's central contract may be 'restored'

ED issues notice to Xiaomi for forex 'violations' to tune of Rs 5,551 cr

ED issues notice to Xiaomi for forex 'violations' to tune of Rs 5,551 cr

Rediff.com9 Jun 2023

The Enforcement Directorate (ED) on Friday said it has issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, its chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks for alleged violations of the foreign exchange law to the tune of more than Rs 5,551 crore.

'New Laws Will Make India A Police State'

'New Laws Will Make India A Police State'

Rediff.com26 Dec 2023

'These new laws give complete (impunity) to the police.' 'Whatever little accountability the police had, all that is gone now.' 'There is no accountability mechanism against the police for abusing or misusing in the new laws.'

Home ministry recommends CBI probe into NGO Oxfam India

Home ministry recommends CBI probe into NGO Oxfam India

Rediff.com6 Apr 2023

The Union home ministry on Thursday recommended a Central Bureau of Investigation probe into the affairs of the Indian arm of the global NGO Oxfam for alleged violation of the Foreign Contribution (Regulation) Act, sources said.

'India needs FDI, foreign innovation but safety and security are also important'

'India needs FDI, foreign innovation but safety and security are also important'

Rediff.com8 Dec 2020

Union Minister Ravi Shankar Prasad on Tuesday said foreign investments and innovations are welcome but at the same time, the government is focussed on promoting Indian innovation as well as keen on the country's safety and security. Speaking at the India Mobile Congress 2020, the IT and Telecom Minister said that IT and communications sectors have registered over 7 per cent growth and received one of the highest Foreign Direct Investment (FDI) even during the challenging time of COVID-19.

Credit card spends overseas not to be included in LRS

Credit card spends overseas not to be included in LRS

Rediff.com1 Jul 2023

The finance ministry on Friday amended the foreign exchange management rules to exclude international credit card spends from the purview of liberalised remittance scheme (LRS). The amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, will be effective retrospectively from May 16, the ministry said in a notification. "...the use of International Credit Card for making payment by a person towards meeting expenses while such person is on a visit outside India" will not be covered under LRS, the notification said while inserting Rule 7 in the FEM (CAT) Rules.

Amid war in Gaza, US man kills 6-yr-old Palestinian boy

Amid war in Gaza, US man kills 6-yr-old Palestinian boy

Rediff.com16 Oct 2023

A Chicago-based man, Joseph M Czuba, aged 71, has been arrested and charged with murder and hate crimes after allegedly stabbing and killing a 6-year-old boy and seriously wounding his mother.

Foreign portfolio flows in 2020 turn positive after Covid-19 jitters

Foreign portfolio flows in 2020 turn positive after Covid-19 jitters

Rediff.com13 Aug 2020

In the past four months, $7.5 billion has flowed back into domestic stocks, helping the benchmark indices bounce back more than 40 per cent from their 2020 lows.

We support Canada's probe, want India to join: US special envoy

We support Canada's probe, want India to join: US special envoy

Rediff.com7 Oct 2023

Amid the diplomatic sparring and souring of bilateral ties in the wake of Canadian Prime Minister Justin Trudeau's allegation of Indian involvement in the killing of Sikh separatist leader Hardeep Singh Nijjar, the Special Envoy and Coordinator, Global Engagement Centre, James Rubin said the standoff was a 'tricky subject' as he sought cooperation into the investigation as far as it goes.