The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked to RCOM in connection with the case, they said.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Senior DMK leader TKS Elangovan accused the BJP of nominating Maharashtra Governor CP Radhakrishnan for Vice President for electoral gains in Tamil Nadu. AIADMK's Edappadi K Palaniswami urged support for Radhakrishnan, while other leaders offered mixed reactions.
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
An uneasy calm prevails in Ladakh as authorities enforce a curfew following clashes between security forces and protesters demanding statehood and constitutional protections. The violence resulted in fatalities and injuries, prompting detentions and political reactions.
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
EducationUSA is hosting free Study In The US fairs across India from August 9-17 for aspiring undergraduate, graduate and doctoral students interested in studying in the US.
The Dalai Lama Trust Scholarship 2025 is a fully funded scholarship for students pursuing undergraduate and postgraduate studies.
West Bengal Chief Minister Mamata Banerjee accused the BJP of 'linguistic terror' and plotting to delete Bengali voters from electoral rolls, vowing to protect voting rights.
'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'
From the Sensex firms, Reliance Industries, Tech Mahindra, Eternal, HCL Tech, Infosys, IndusInd Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers. In contrast, UltraTech Cement, Sun Pharma, Power Grid, NTPC, Kotak Mahindra Bank and Mahindra & Mahindra were among the laggards.
Customs officials in Kerala conducted raids across the state, seizing luxury vehicles illegally imported from Bhutan with forged documents. The operation, dubbed 'Operation Numkhor,' targeted multiple locations and uncovered a network involved in smuggling cars, gold, and drugs.
Heavy rains exacerbate the flood situation in Punjab, leading to 37 deaths and widespread crop damage. Rescue and relief operations are underway as authorities issue alerts and provide assistance to affected populations.
Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.
Despite similar tax treatment, debt MFs enjoy certain advantages over FDs.
Subscribers of the retirement fund body EPFO may soon be able to withdraw claim amounts from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly said that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce.
'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
The volume of new fund offerings (NFOs) in 2025 will fluctuate based on market conditions. However, innovation is expected to continue unabated. With an increasing number of fund houses aiming to establish a presence in the 'factor' investing space and changes in fund-of-fund taxation providing more opportunities, several industry-first offerings are anticipated.
'Pakistan has found itself in a favourable position after Operation Sindoor by appreciating the mediation as claimed by Trump and recommending him for the Nobel Peace Prize.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'This is so sad the way she was humiliated.' Harjit Kaur's deportation has drawn condemnation from civil rights organisations and the Sikh American community.
Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Despite global uncertainties, Indian firms entered the 2025-26 fiscal year with healthier balance sheets, higher cash buffer, improved profitability, and greater access to diversified funding sources, said the article 'Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26' published in the Reserve Bank of India's (RBI's) August bulletin.
The administration appealed that the process of law should be allowed to take its own course and expressed confidence that "together we will bring back normalcy in the peace-loving Leh township and continue with our dialogue process".
Authorities in Bareilly have identified and are taking action against allegedly illegal properties linked to associates of Ittehad-e-Millat Council (IMC) chief cleric Tauqeer Raza Khan following violent clashes in the city.
The Supreme Court of India has referred the matter of the Right to Education (RTE) Act's applicability to minority schools to a larger bench for adjudication, expressing concerns about potential misuse and fragmentation of the education system.
President Donald Trump signed an executive order withdrawing the US from the UN Human Rights Council and prohibiting any future funding for the UN agency for Palestinian refugees. Trump also directed the US to review its participation in UNESCO, citing concerns about anti-Semitism and anti-Israel sentiment within the organizations. The executive order argues that the UNHRC, UNESCO, and UNRWA have drifted from their missions and act contrary to US interests. Trump previously halted funds for UNRWA during his first term, and President Joe Biden put a block on US funds for UNRWA in January 2024 over allegations that staff for the agency participated in Hamas's October 7, 2023, attack against Israel.
Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
Confusing academic freedom with the right to free speech of an individual and expecting unconditional institutional support is not realistic. Academic freedom provides an opportunity for an academic to pursue their passion and contribute to the society through the outcome of their research and/or thought process, points out N Ravichandran.
Gold and silver prices are expected to maintain their upward trajectory this week, but may see late profit-booking amid the release of a series of crucial global economic indicators, analysts said. On the economic front, traders will closely monitor the manufacturing/ services PMI data from across regions and the US non-farm payrolls/ employment data along with consumer confidence for the month of September and speeches from several Federal Reserve officials, they added.
India's economy is projected to grow between 6.3 per cent and 6.8 per cent in FY26, according to the Economic Survey 2024-25, tabled in Parliament on Friday. The survey highlights that the country's economic fundamentals remain strong, supported by a stable external account, fiscal consolidation, and private consumption. It noted that the government plans to strengthen long-term industrial growth by focusing on research and development (R&D), micro, small, and medium enterprises (MSMEs), and capital goods.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
'The investigation is at a very critical stage. We are not going to give every single document.'
'No one anticipated magical solutions or miraculous interventions.' 'However, people across the entire spectrum -- whether residing in the valley or the hills -- expected the prime minister to dedicate at least five to ten minutes to genuinely listening to the voice of the people.'
Investors keen on mid and smallcap stocks but wary of volatility should consider multicap equity schemes over standalone midcap or smallcap schemes.
The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
The government will provide Rs 11.11 lakh crore for capital expenditure for 2024-25 and introduce viability gap funding to spur private investment in infrastructure, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget for FY2024-25, she said that the government will endeavour to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation.
Reels often induce the FOMO-'Act now!' mentality. But sound investing is about consistency, diversification and a long-term horizon.
