News for 'fund transfers'

Can election manifestos show the way to Viksit Bharat?

Can election manifestos show the way to Viksit Bharat?

Rediff.com18 Mar 2024

Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.

SC to hear Rana Ayyub's plea against ED summons

SC to hear Rana Ayyub's plea against ED summons

Rediff.com17 Jan 2023

The Supreme Court on Tuesday agreed to hear the petition of journalist Rana Ayyub challenging the summons issued to her by a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad in a money laundering case lodged against her by the Enforcement Directorate (ED).

Bhakshak Review: The Horror Of Child Abuse

Bhakshak Review: The Horror Of Child Abuse

Rediff.com9 Feb 2024

Bhakshak should create some awareness and maybe raise some compassion towards victims of abuse, observes Deepa Gahlot.

Remove tech transfer bars: India to US

Remove tech transfer bars: India to US

Rediff.com21 Jul 2009

This was conveyed by Union minister for New and Renewable Energy Farooq Abdullah to US Special Envoy for Climate Change Todd Stern in a meeting, where the two leaders also deliberated on ways to intensify collaboration to harness renewable energy.

PNC Infra sale could lead to valuation upgrades for road assets

PNC Infra sale could lead to valuation upgrades for road assets

Rediff.com24 Jan 2024

While activity in the highway segment has been slow, the bid pipeline saw recovery in January 2024, and awards are expected to improve in Q4FY24. The national highway (NH) bid pipeline has recovered from a low of Rs 15,900 crore in December 2023 to Rs 68,400 crore at present. The NHAI's pipeline stands at Rs 66,100 crore, with hybrid annuity model (HAM), build operate transfer (BOT) and engineering procurement and construction (EPC) projects accounting for 60 per cent, 29 per cent and 13 per cent share, respectively.

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Rediff.com10 Oct 2023

The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).

EPFO adds 17.21 lakh net members in September

EPFO adds 17.21 lakh net members in September

Rediff.com20 Nov 2023

Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022.

Banks rush to woo depositors ahead of festive season

Banks rush to woo depositors ahead of festive season

Rediff.com25 Aug 2022

Commemorating 75 years of India's independence, SBI has launched a 75-day Utsav Deposit Scheme, offering 6.10 per cent for fixed deposits. Senior citizens will get an additional 0.50 per cent and the offer is on until October 30, SBI said.

Andhra cops give details of case against Chandrababu

Andhra cops give details of case against Chandrababu

Rediff.com9 Sep 2023

This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.

Get ready for the mother of all football transfers!

Get ready for the mother of all football transfers!

Rediff.com3 Aug 2017

Neymar's record-breaking 222 million euros ($263 million) transfer from Barcelona to Paris St Germain is set to be completed this week with the French club poised to pay his release clause.

Fund houses offer regular profit plans

Fund houses offer regular profit plans

Rediff.com8 May 2009

To get back equity-wary investors, fund houses and their portfolio management services (PMS) have started schemes that will regularly book profits. In these funds, mutual funds and PMS will realise appreciation at specific target returns and transfer profits either to a safer investment avenue or give the money back to the customer.

Indian student stabbed in US still on life support

Indian student stabbed in US still on life support

Rediff.com2 Nov 2023

P Varun Raj, the 24-year-old Indian student who was stabbed at a fitness centre in the United States state of Indiana over the weekend, continues to be in a critical condition and is on a life support, sources familiar with his ongoing treatment said.

Govt Expects Windfall From RBI

Govt Expects Windfall From RBI

Rediff.com25 May 2023

While the fiscal year has just begun, any windfall surplus will be welcomed by the government as it bids to meet the fiscal deficit target of 5.9 per cent of GDP, amidst lack of clarity on exactly to what extent will recession in the West impact India's trade and tax collections.

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

Rediff.com5 Apr 2024

Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of Agnipath scheme are among the promises made by the Congress in its Lok Sabha polls manifesto released on Friday.

How trading of almonds is funding terrorism

How trading of almonds is funding terrorism

Rediff.com21 Dec 2016

During the searches, documents related to exchange of California almonds were seized by NIA and were being scrutinised, the NIA said.

What Led To Paytm's Big Fall

What Led To Paytm's Big Fall

Rediff.com12 Mar 2024

At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.

ICC hit by phishing scam; loses around $2.5 million

ICC hit by phishing scam; loses around $2.5 million

Rediff.com21 Jan 2023

The International Cricket Council was the target of cybercrime involving a wire transfer of a sizeable sum of money, roughly US$ 2.5 million.

All about the NEFT revolution

All about the NEFT revolution

Rediff.com16 Jun 2011

NEFT is a nation-wide system, which helps individuals, firms and corporate to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country.

7 reasons why you should invest in mutual funds

7 reasons why you should invest in mutual funds

Rediff.com16 Feb 2015

Why should I invest in mutual funds? Why cannot I invest in equities directly? Here are 7 simple reasons

Nizam of Hyderabad wants 'clean break' from funds battle in UK

Nizam of Hyderabad wants 'clean break' from funds battle in UK

Rediff.com24 Jul 2020

The titular eighth Nizam of Hyderabad, Prince Mukarram Jah, says he wants a 'clean break' from a decades-old legal fight over funds lying in a United Kingdom bank account belonging to his ancestors, as he waived his right to a share in the estimated 4,00,000 pounds leftover after an English high court order from last year.

'Cheaper, faster, safer': India, Singapore launch real-time payments link

'Cheaper, faster, safer': India, Singapore launch real-time payments link

Rediff.com22 Feb 2023

In the first such collaboration for India, the country's flagship payments platform, the Unified Payments Interface (UPI), and Singapore's PayNow payment system have launched a real-time cross-border payment linkage system. The linkage, which was launched by Prime Minister (PM) Narendra Modi and Singapore's PM Lee Hsien Loong on Tuesday, was kicked off by a live cross-border transaction between Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore managing director Ravi Menon, using mobile phones.

India used to depend on others, but now...: President Murmu

India used to depend on others, but now...: President Murmu

Rediff.com31 Jan 2023

In her first address to the joint sitting of Parliament as the Budget session began, she said 'Amrit Kaal', described by the government as the 25-year period culminating in the centenary of India's independence, is the time to build an India which is 'aatmanirbhar' (self reliant) and also fulfils its humanitarian obligations.

LIC gets until Jan 2023 to dispose of 'other investments'

LIC gets until Jan 2023 to dispose of 'other investments'

Rediff.com15 Feb 2022

Life Insurance Corporation (LIC) has received the insurance regulator's nod for time till January-end 2023 to dispose of investments in pension, group and life annuity funds, which do not fall in the "approved investment" category. Had the Insurance Regulatory and Development Authority (Irdai) denied more time to transfer the investments to shareholders' fund at amortised cost, the loss that would have accrued in the profit and loss account (shareholders account) would have been Rs 5,365.83 crore as of September 2021, LIC said in its draft red herring prospectus (DRHP).

How To Handle Money Issues After Layoffs

How To Handle Money Issues After Layoffs

Rediff.com7 Jun 2023

Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.

Food Security Act may float backup fund

Food Security Act may float backup fund

Rediff.com13 Dec 2010

"We have suggested a fund for drought or flood, and when our production is hit. The fund will be with the states which the Centre will provide. The implementing agency will be the respective state governments," said K V Thomas, minister of state for agriculture and food.

India Tops On Crypto Adoption

India Tops On Crypto Adoption

Rediff.com23 Dec 2023

'India's emergence as a top crypto market comes despite a regulatory and tax environment that can be challenging for the industry to navigate.'

All pending IIT petitions transferred to Supreme Court

All pending IIT petitions transferred to Supreme Court

Rediff.com25 Jul 2013

Reacting to a petition filed by the organising chairman of Joint Entrance Examination (JEE) (advanced) 2013, IIT-Delhi, the Supreme Court ordered the transfer of all petitions related to the IIT admissions that were pending in the Andhra Pradesh High Court to itself.

Top 10 Mutual Funds for 2018

Top 10 Mutual Funds for 2018

Rediff.com5 Jan 2018

Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.

Soon, do your banking at phone hubs

Soon, do your banking at phone hubs

Rediff.com26 Nov 2009

Outlets of telecom companies such as Airtel and Vodafone may soon double as bank kiosks for financial services like funds transfer or bill payment, especially in parts of the country where there are very few banks or none at all.

7 benefits of investing in mutual funds

7 benefits of investing in mutual funds

Rediff.com21 Dec 2017

Knowing these will save you from taking undue risks, losses and also create wealth in the long run, says Dwaipayan Bose.

To demat or not to demat mutual funds?

To demat or not to demat mutual funds?

Rediff.com26 Apr 2016

Here are some pros and cons...

NIA attaches properties of Hizbul chief Salahuddin's sons in Kashmir

NIA attaches properties of Hizbul chief Salahuddin's sons in Kashmir

Rediff.com24 Apr 2023

Authorities on Monday attached a house belonging to Hizbul Mujahideen chief Syed Salahuddin's son in the city's Ram Bagh area, officials said.

Gorakhpur terror funding mastermind arrested by UP ATS in Maha

Gorakhpur terror funding mastermind arrested by UP ATS in Maha

Rediff.com21 Jun 2018

The ATS of the Uttar Pradesh police had arrested 10 persons, who it claimed were linked with Lashker-e-Tayiba and allegedly involved in terror-funding activities.

India-US 2+2: Taking The Relationship Ahead

India-US 2+2: Taking The Relationship Ahead

Rediff.com30 Nov 2023

The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.

How payments banks will make your life easier

How payments banks will make your life easier

Rediff.com21 Aug 2015

Unbanked customers can expect easier access to banking.

Hillary smashes fund-raising records

Hillary smashes fund-raising records

Rediff.com2 Apr 2007

Hillary raised $26 million in campaign cash while $10 million were transferred from her Senate fund-raising account to her presidential bid.

How Barcelona players planned to fund Neymar's return

How Barcelona players planned to fund Neymar's return

Rediff.com31 Oct 2019

Barcelona were so keen to bring Neymar back from Paris St Germain that the players were ready to accept delays to salary payments in order for the club to afford the Brazilian

This mutual fund can make your parents rich

This mutual fund can make your parents rich

Rediff.com25 May 2017

UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.

When Munna Bhai Was In Jail

When Munna Bhai Was In Jail

Rediff.com1 Jan 2024

A day before the event, I learnt from an old Mumbai crime branch informant that a group of gangsters were planning to serve breakfast to the prisoners at Balgandharva Rangmandir prior to the show.