News for 'repayment'

Every vote for lotus will enhance my strength: Modi to Himachal voters

Every vote for lotus will enhance my strength: Modi to Himachal voters

Rediff.com10 Nov 2022

Modi said at a time when people are about to vote for the future of the state, "I want to offer you gratitude for your blessings and affections."

DC look to stay alive as they face SRH in mid-table battle

DC look to stay alive as they face SRH in mid-table battle

Rediff.com4 May 2022

Skipper Rishabh Pant (234 from nine games) showed glimpses of his destructive power but the team would want more from its skipper who is more than capable of hammering any attack into submission.

CBI seizes AgustaWestland helicopter from builder in DHFL scam

CBI seizes AgustaWestland helicopter from builder in DHFL scam

Rediff.com30 Jul 2022

The CBI has been carrying out searches at various locations for the past few days to locate assets acquired from the proceeds of the scam, officials said.

'Finance minister's fiscal marksmanship has been very good'

'Finance minister's fiscal marksmanship has been very good'

Rediff.com30 Jan 2023

'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'

RBI Norms Don't Tackle Illegal Apps Menace

RBI Norms Don't Tackle Illegal Apps Menace

Rediff.com11 Oct 2022

Of the 2,562 customer complaints received between January 2020 and March 2021, a majority relate to illegal apps. At least two dozen suicide cases have been reported, perpetrated by the harassment by loan app operators, points out Tamal Bandyopadhyay.

The Woes Of Wayanad Continue

The Woes Of Wayanad Continue

Rediff.com19 Apr 2023

Away from the distraction of its new high-profile politics, Wayanad's worries seemed very down to earth, discovers Shyam G Menon.

Sri Lanka wants amicable settlement of Chinese ship issue, says minister

Sri Lanka wants amicable settlement of Chinese ship issue, says minister

Rediff.com2 Aug 2022

Foreign minister Ali Sabry told the cabinet that the Chinese vessel had only asked for a refuelling visit.

Go Airlines' IPO process grounded

Go Airlines' IPO process grounded

Rediff.com28 Jun 2021

Markets regulator Sebi has kept in abeyance the processing of Go Airlines' draft papers for an initial public offer worth Rs 3,600 crore. Go Airlines (India) Ltd, which has announced rebranding itself as 'Go First', filed preliminary papers for an initial share sale worth Rs 3,600 crore in May. The proceeds will be mainly used to repay dues. The "issuance of observations (has been) kept in abeyance", according to Sebi's latest update on processing status of Go Airlines' draft offer documents. The information was updated on June 25. In Sebi parlance, issuance of observations implies its go-ahead for the IPO.

Sri Lankan parliament to elect new president on July 20: Speaker

Sri Lankan parliament to elect new president on July 20: Speaker

Rediff.com11 Jul 2022

The decision was taken during a crucial all-party leaders meeting held earlier in the day.

Protesters claim to have found 17.85 mn rupees in Rajapaksa's house

Protesters claim to have found 17.85 mn rupees in Rajapaksa's house

Rediff.com10 Jul 2022

A video is being shared on social media showing the protesters counting the currency notes that were unearthed. The recovered money was said to be handed over to the security units, the Daily Mirror newspaper reported.

With President ready to quit, Lanka army chief urges people for peace

With President ready to quit, Lanka army chief urges people for peace

Rediff.com10 Jul 2022

Thousands of irate anti-government protesters in Sri Lanka on Saturday stormed into embattled President Rajapaksa's official residence in central Colombo's high-security Fort area after breaking the barricades, as they demanded his resignation over the island nation's worst economic crisis in recent memory.

Protestors set fire to Sri Lankan PM's private home

Protestors set fire to Sri Lankan PM's private home

Rediff.com10 Jul 2022

A group of protesters on Saturday entered the private residence of Sri Lankan Prime Minister Ranil Wickremesinghe and set it on fire, hours after he offered to resign to make way for an all-party government amid unprecedented protests in the country for the resignation of the government led by President Gotabaya Rajapaksa.

Bad loan recovery process can get worse

Bad loan recovery process can get worse

Rediff.com22 Sep 2022

Since the bankcuptcy law came into effect from December 2016, with every quarter, the recovery rate has progressively been going down, notes Tamal Bandyopadhyay.

Save AND repay your loan

Save AND repay your loan

Rediff.com27 Jun 2005

Musk, The Blue Tick, Twitter's Future

Musk, The Blue Tick, Twitter's Future

Rediff.com18 Nov 2022

It would be ludicrous to expect Modi, Erdogan or Biden to pay to keep blue ticks on their respective official accounts. It would be equally ludicrous to expect the Delhi Metro or the Income Tax Department to pay, points out Devangshu Datta.

RIL may be lone bidder for JBF Petrochem

RIL may be lone bidder for JBF Petrochem

Rediff.com22 Aug 2022

Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.

Factional feud, poll promises major challenges for new Cong govt in Himachal

Factional feud, poll promises major challenges for new Cong govt in Himachal

Rediff.com11 Dec 2022

Allocation of portfolios would be the immediate vexatious issue for the party, with supporters of Virbhadra Singh already feeling sidelined after the elevation of the late chief minister's professed rival Sukhu.

Shinde govt cuts VAT on fuel, reverses many MVA decisions

Shinde govt cuts VAT on fuel, reverses many MVA decisions

Rediff.com14 Jul 2022

The Maharashtra government has decided to reduce the value added tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per litre respectively, Chief Minister Eknath Shinde said in Mumbai on Thursday.

Sri Lanka Air Force denies accommodating President Rajapaksa

Sri Lanka Air Force denies accommodating President Rajapaksa

Rediff.com12 Jul 2022

A spokesman of the Sri Lanka Air Force (SLAF) said a video released by Ajith Dharmapala, a former police officer, claimed that President Rajapaksa was staying at the house belonging to Pathirana.

LS MPs seek loan waiver for Ukraine returnee students

LS MPs seek loan waiver for Ukraine returnee students

Rediff.com14 Mar 2022

Students rescued from Ukraine face an uncertain future due to their inability to complete their education and also run the risk of falling into a debt trap as they may find it difficult to repay education loans, Congress MP Kodikunnil Suresh said.

Waiting in passport queue for 2 days, Lankan woman gives birth

Waiting in passport queue for 2 days, Lankan woman gives birth

Rediff.com7 Jul 2022

A pregnant Sri Lankan woman, who had been in a queue for two days to obtain a passport to leave the crisis-hit country for employment overseas, went into labour while waiting for her turn on Thursday and delivered a baby girl.

Nexus files for $500 mn IPO in India's 1st retail REIT public offer

Nexus files for $500 mn IPO in India's 1st retail REIT public offer

Rediff.com18 Nov 2022

Global investment firm Blackstone-sponsored Nexus Select Trust has filed the draft paper with market regulator Sebi to launch India's first public issue of retail REIT to raise around $500 million (about Rs 4,000 crore), sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet of area valued at around $3 billion. As per the sources, Nexus Select Trust has on Thursday filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of the 2023 calendar year.

Normalcy returning for shadow lenders, albeit slowly

Normalcy returning for shadow lenders, albeit slowly

Rediff.com22 May 2020

For smaller MFIs, resuming operations is more difficult because they haven't got any fresh bank credit sanctioned from their lenders.

Is The BJP Stung By Rahul's Walk?

Is The BJP Stung By Rahul's Walk?

Rediff.com23 Dec 2022

Nowadays, our politics is habituated to sitting on a high pedestal, hobnobbing with world leaders, generating impressions of a superpower and returning to earth for the purpose of winning elections. In contrast, the yatra never left earth, observes Shyam G Menon.

Will call for CWC elections if elected Congress chief: Tharoor

Will call for CWC elections if elected Congress chief: Tharoor

Rediff.com12 Oct 2022

Tharoor also said the Congress must decentralise authority and truly empower the grassroots office-bearers of the party.

Insurance: Understand Policy Coverage

Insurance: Understand Policy Coverage

Rediff.com19 Nov 2021

The National Commission ruled that a person must opt for a policy and submit the proposal form after acquainting himself with the terms and scope of coverage to determine where it would be suitable and adequate.

Implement waiver of interest on loans, RBI tells lending companies

Implement waiver of interest on loans, RBI tells lending companies

Rediff.com27 Oct 2020

The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020.

Sri Lanka allows Chinese research vessel to dock, India monitoring situation

Sri Lanka allows Chinese research vessel to dock, India monitoring situation

Rediff.com31 Jul 2022

The southern deep-sea port of Hambantota is considered strategically important for its location.

All about Vishvapradhan, Adani's buyout vehicle for NDTV

All about Vishvapradhan, Adani's buyout vehicle for NDTV

Rediff.com24 Aug 2022

Vishvapradhan Commercial Private Ltd, a little-known entity through which the Adani Group has launched a hostile bid for NDTV Ltd, had an annual turnover of just Rs 60,000 few years back but it gave Rs 400 crore of interest-free loans to the broadcaster in 2009, as per Sebi orders.

Good news for home buyers; SBI cuts loan rates to 6.7%

Good news for home buyers; SBI cuts loan rates to 6.7%

Rediff.com1 Mar 2021

The country's largest lender State Bank of India on Monday said it has reduced interest rates on home loans by up to 10 basis points (bps) and is offering loans starting from 6.70 per cent rate. The new rates are based on loan amount and CIBIL score of the borrower, and are available till March 31, 2021, according to a statement. The bank said the home loan interest rates will start from 6.70 per cent for loans up to Rs 75 lakh and 6.75 per cent for loans in the range of Rs 75 lakh-Rs 5 crore.

Plan to take a home loan in 2022?

Plan to take a home loan in 2022?

Rediff.com27 Jan 2022

A home loan is a long-term contract, so do shop around before signing on the dotted line, advises Sarbajeet K Sen.

On mission of peace: Captain of Chinese spy ship docking in Lanka

On mission of peace: Captain of Chinese spy ship docking in Lanka

Rediff.com17 Aug 2022

China's high-tech research vessel 'Yuan Wang 5' is on a 'mission of peace and friendship' and its docking at a Sri Lankan port will deepen bilateral relations in the field of space, science and technology, according to the controversial ship's captain.

Lankan PM Wickremesinghe appointed as Finance Minister

Lankan PM Wickremesinghe appointed as Finance Minister

Rediff.com25 May 2022

The five-time prime minister was re-appointed to the job on May 12 following the political circus precipitated by the unprecedented economic crisis in the island's history.

Rajapaksa emails resignation from Singapore, formal announcement on Friday

Rajapaksa emails resignation from Singapore, formal announcement on Friday

Rediff.com14 Jul 2022

Speaker's media secretary Indunil Abeywardena said a resignation letter from President Rajapaksa has been received through the Sri Lanka high commission in Singapore.

Chinese spy ship won't dock in Hambantota, says Lanka

Chinese spy ship won't dock in Hambantota, says Lanka

Rediff.com11 Aug 2022

Sri Lanka's Hambantota Port authorities said the high-tech Chinese research vessel that was to dock there on Thursday won't reach the port as scheduled, according to a media report, days after India expressed security concerns over its presence in the island nation.

Mallya contempt case: SC verdict on Monday

Mallya contempt case: SC verdict on Monday

Rediff.com4 Sep 2022

The Supreme Court is likely to pronounce on Monday the quantum of sentence against fugitive businessman Vijay Mallya, an accused in the bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case where he has been found guilty. A bench comprising Chief Justice Uday Umesh Lalit and Justice S Ravindra Bhat on March 10 had reserved its order on the punishment in the contempt case against Mallya, saying the proceedings against him have hit a "dead wall". The top court had heard senior advocate and amicus curiae Jaideep Gupta on various aspects related to the contempt law and the punishment, and had granted one last opportunity to lawyer Ankur Saigal, counsel for Mallya, to file his written submissions on the sentencing aspect.

Public sector bankers have got away for too long

Public sector bankers have got away for too long

Rediff.com25 Nov 2021

Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Rediff.com12 Jul 2022

At least 10 persons were admitted to the National Hospital after the confrontation between protesters who have currently been staying inside the prime minister's official residence, the Colombo Post news portal reported.

Private placements at lowest since 2014; total money raised down 23%

Private placements at lowest since 2014; total money raised down 23%

Rediff.com24 Jun 2022

The total amount of money various entities have raised through the private placement route is at its lowest since 2014. They raised a total of Rs 1.96 trillion in the first five months of 2022, revealed the numbers from PRIME Database. It is down 23.4 per cent from the Rs 2.56 trillion raised in the corresponding period in 2021.