The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to
Equity benchmark indices Sensex and Nifty nosedived on Monday after two consecutive days of gains, as investors rushed to take profits amid the unabated selling of stocks by foreign investors. Photograph: Francis Mascarenhas/Reuters Analysts said investors turned defensive ahead of
The Indian government should urgently consider imposing safeguard or anti-dumping duties on imports of two construction equipment segments — crawler excavators and tower cranes — as Chinese companies are rapidly expanding their presence in these markets in India through ‘predatory’
US-based chip maker Intel has signed an agreement with Tata Group to manufacture and assemble semiconductors in India for the local market, the Indian conglomerate said on Monday. Image used for representation purpose only. Photograph: Kim Kyung-Hoon/Reuters Under the agreement,
Bajaj Finserv – the holding company of Bajaj group’s financial services business – has laid out plans for the next five years. Photograph: Courtesy, Bajaj Finserv During this period, it is eyeing 18-22 per cent compound annual growth rate (CAGR)
For every 100 rupees, households invested Rs 45.2 in mutual funds and equities in 2024-2025. Illustration: Dominic Xavier/Rediff Incremental flows of household savings into stock markets and mutual funds relative to bank deposits have more than doubled over the
Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction. Photograph: Hemanshi Kamani/Reuters Is there more room for the
The US Fed’s interest rate decision will be the major factor dictating trends in the domestic equity market this week, with global movements and foreign investor activity also influencing sentiment, according to analysts. Illustration: Dominic Xavier/Rediff Stock markets ended the
Foreign investors have pulled out Rs 11,820 crore ($1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee. Illustration: Uttam Ghosh This sharp withdrawal follows a net outflow of
Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic Xavier/Rediff The transition will allow Fino to accept
