The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Photograph: Francis Mascarenhas/Reuters Cheques will be scanned, presented,
State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. Photograph: Amit Dave/Reuters The company reported a net profit
In the past 10 years, over 500 PSB officers have died by suicide.When targets are overwhelming, senior management and customers are both impatient, and there is constant fear.Not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.
The Ambani family, headed by billionaire Mukesh Ambani, possesses a wealth of Rs 28 lakh crore, more than double that of the Adani family at Rs 14.01 lakh crore, a report said on Tuesday. Photograph: PTI Photo from the Rediff
The US’s recent 50 per cent tariff on Indian exports will have a trickledown effect on India’s affordable housing, potentially derailing demand as well as supply in this segment, according to experts. Illustration: Dominic Xavier/Rediff Pointing to worker incomes and
Prices for Indian consumers are expected to come down significantly from the current Rs 17,000-Rs 26,000 monthly. Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Vidmir Raic/Pixabay.com As global demand for next-generation therapies
The 13th-month persistency rate of life insurers — an important metric indicating the retention of new policies — declined in the first quarter of 2025-26 (Q1FY26). Illustration: Uttam Ghosh This fall was primarily driven by a lower share of high-value
As many as 2.17 lakh pieces of fake notes of various denominations were detected during 2024-25 compared to 2.23 lakh such notes in the previous year, Parliament was informed on Monday. Illustration: Dominic Xavier/Rediff Of this, highest — 117,722 pieces
Finance Minister Nirmala Sitharaman on Monday introduced the Taxation Laws (Amendment) Bill, 2025, which aims to provide tax exemptions to subscribers of the Unified Pension Scheme. Illustration: Dominic Xavier/Rediff The Bill, introduced in the Lok Sabha, also incorporates changes in
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech. Kindly note the image have only been published for representational purposes. Photograph: Kind courtesy, Paul Brennan/Pixabay Kinetic Green has partnered with Italy’s
