This comes after the government fell short of its budgeted divestment target of about Rs 47,000 crore in FY26. Photograph: PTI Photo from the Rediff Archives Key Points The Centre and LIC together hold a 95% stake in IDBI Bank,
The bank’s core net interest income on a standalone basis grew 9.04 per cent to Rs 45,190 crore from Rs 41,446 crore in the year-ago period on the back of 15.14 per cent loan growth and a 0.03 per cent
‘In the last one year, we have added more than Rs 1.7 trillion, and we are on track.’ IMAGE: Indian Bank. Photograph: ANI Photo Indian Bank has posted a consolidated net profit of Rs 3,146.88 crore in the third
Both countries commit to provide each other preferential market access in sectors of respective interest on a sustained basis. Illustration: Dominic Xavier/Rediff.com The following are the key highlights of a framework that India has reached for an interim trade agreement
Diamantaire Nirav Modi’s repeated attempts to secure bail have failed as the London High Court rejected his latest plea, keeping him in custody as India seeks his extradition for the massive Punjab National Bank fraud. Illustration: Dominic Xavier/Rediff Key Points
India’s reserve position with the IMF was also up by $44 million to $4.75 billion in the reporting week. India’s forex reserves jumped by another $14.36 billion to a new all-time high of $723.77 billion during the week ended January
Domestic equity markets traded largely subdued through most of the session before staging a late recovery, supported by selective buying in FMCG and private banking stocks. Photograph: Danish Siddiqui/Reuters Key Points BSE Sensex advanced 266.47 points NSE Nifty climbed 50.90
‘This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.’ Illustration: Dominic Xavier/Rediff Key Points Debt-to-GDP glide path not fully back-ended FY26 is not an exception; delays are due to pending
In a major win for homebuyers, the Supreme Court has ordered NBCC to complete 16 stalled Supertech housing projects, bringing hope to thousands who have waited years for their dream homes. Photograph: Danish Siddiqui/Reuters Key Points The Supreme Court has
Forex traders said significant corporate dollar demand and a weak trend in domestic equities restricted the upside for the local unit. The rupee appreciated 13 paise to close at 90.34 against the US dollar on Thursday, on trade deal optimism
