Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to a government data releas...
India and Iran on Monday signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as tr...
https://www.rediff.com/business/report/india-iran-sign-10-year-chabahar-pact/20240513.htm
From the Sensex basket, Asian Paints, Sun Pharma, HDFC Bank, Tata Consultancy Services, Axis Bank, Tata Steel, JSW Steel, Larsen & Toubro, ICICI Bank and Power Grid were the major gainers.Tata Mo...
Mumbai-based Weizmann, part of a diversified group, will take to court its former partner Western Union Holdings, the American money-transfer giant, alleging that the United States-based company ...
The international cargo operations of two major carriers - IndiGo and Air India Group (Air India and Vistara) - are experiencing opposite trajectories despite both the airlines significantly expa...
State Bank of India (SBI) is planning to recruit over 15,000 people in 2024-25, increasing the strength of those in the field for marketing.The recruits will be also for deployment in the bank's ...
The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent.While the S&P BSE Auto Index has not performed poorly...
The government is formulating guidelines on the use of ethylene oxide (ETO) in samples of spices for the domestic market and exports, people aware of the matter said, as it plans to step up effor...
https://www.rediff.com/business/report/spice-row-govt-plans-greater-scrutiny-sops/20240513.htm
Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th lar...
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said.News flows around the general election would also be...
https://www.rediff.com/business/report/factors-that-will-guide-the-markets-this-week/20240512.htm
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital."We are happy to ...
Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz aro...
'Ideally, one should not time SIPs.''If people churn their SIP portfolios, then they are equating the concept of SIPs to lump sums.'
https://www.rediff.com/business/report/why-has-sip-activity-jumped/20240511.htm
India's industrial production growth slowed marginally to 4.9 per cent month-on-month in March 2024, mainly due to poor show by the mining sector, according to official data released on Friday.Th...
https://www.rediff.com/business/report/factory-output-slows-marginally-to-49-in-march/20240510.htm
After three consecutive weeks of drop, India's forex reserves increased by $3.67 billion to $641.59 billion for the week ended May 3, the RBI said on Friday.The overall kitty dropped $2.412 billi...
The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 milli...
From the Sensex basket, Power Grid, NTPC, JSW Steel, Asian Paints, ITC, Bharti Airtel, Hindustan Unilever and Tata Motors were the biggest gainers.On the other hand, Tata Consultancy Services, Ko...
https://www.rediff.com/business/report/sensex-nifty-rebound-as-reliance-itc-gain/20240510.htm
K Krithivasan, chief executive officer (CEO) and managing director (MD) of TCS, took home a salary of Rs 25.4 crore in 2023-24 (FY24), less than chief operating officer and executive director N G...
Market chatter suggests that the BJP could win fewer than 300.
https://www.rediff.com/business/report/are-markets-expecting-lower-bjp-tally/20240510.htm
The NSE Nifty 50 has slipped 3.4 per cent, or 764 points, in the last five trading sessions, after registering a fresh all-time high at 22,794.70 on Friday, May 03, 2024.In the process, the Nifty...
State-run Indian Oil Corporation (IOCL) reported a weak performance in the fourth quarter of FY24 (January-March 2024), and the turmoil in the energy market indicates it could endure another lack...
Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports.The compa...
'If the NDA comes to power with 320-330 plus seats, then we could see some correction. We could possibly see a level of 19,500 to 20,000.''If the NDA comes to power with a majority of 400-plus, w...
https://www.rediff.com/business/interview/ambareesh-baliga-markets-could-crash-40-50-if/20240510.htm
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
https://www.rediff.com/business/report/top-6-auto-brands-sold-92-cars/20240510.htm
Rajesh Karkera/Rediff.com takes the latest offering from the Mahindra stable for a spin.
Exports of 19 major commodities, including petroleum products, coal and marine items, saw growth in terms of volume during April 2023-February 2024, even as they witnessed contraction in value te...
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exc...
The stock of Apollo Hospitals Enterprise (AHEL), India's largest listed health care services company, fell 4.6 per cent on Monday (April 29) and slipped another 0.34 per cent to close at Rs 5,946...
https://www.rediff.com/business/report/deal-valuations-weigh-on-apollo-hospitals-stock/20240509.htm
The country's largest lender SBI on Thursday reported 18.18 per cent growth in March quarter consolidated net profit to Rs 21,384.15 crore as against Rs 18,093.84 crore in the year-ago period.On ...
https://www.rediff.com/business/report/sbi-q4-profit-grows-18-to-rs-21384-cr/20240509.htm
Asian Paints, JSW Steel, ITC, Bajaj Finance, IndusInd Bank, Tata Steel, NTPC, Bajaj Finserv, HDFC Bank, Reliance Industries and Power Grid were among the laggards.In contrast, Tata Motors, Mahind...
In a bid to democratise education, cash-strapped edtech firm Byju's has significantly reduced the prices of its products.The annual subscription fee for the Byju's Learning App now stands at Rs 1...
In a case related to Mumbai-based Jai Trust versus Union government, the court ruled that a gift is a consideration-less transaction, and hence, not liable for capital gains tax.It quashes the re...
The number of dematerialised (demat) accounts required to hold shares and other securities in electronic format rose by 3.1 million in April, bringing the total tally to a fresh record of 154.5 m...
Mutual funds are looking to tap into the special opportunities theme ahead of the results of the general election results and the continued uncertainty on the geo-political and interest rate fron...
'Every year, the marble industry is shrinking due to tiles. It has already decreased by 20-25 per cent in recent years.'
https://www.rediff.com/business/report/is-indias-marble-industry-facing-a-bleak-future/20240509.htm
The top-notch faculty at Crotonville, including Noel Tichy, Ram Charan, Vijay Govindarajan, along with GE's top leaders Jack Welch, Gary Reiner, Bill Conaty, Jeffrey Immelt and Susan Peters, toge...
https://www.rediff.com/business/column/have-you-heard-of-crotonville/20240509.htm
India's fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the January-March period.A...
An initiative of Nandan Nilekani's EkStep Foundation, people+ai on Tuesday unveiled its vision for the future of Artificial Intelligence (AI) in India, dubbed 'Adbhut India' (Amazing India).It ai...
Tech titan Google on Wednesday launched the Google Wallet app for Android users in India, allowing them to securely store essentials like boarding passes, loyalty cards, event tickets, and public...
Benchmark Sensex declined over 45 points in highly volatile trade on Wednesday, tracking weak Asian markets and continuous foreign fund outflows.Declining for the second straight session, the 30-...
https://www.rediff.com/business/report/sensex-sheds-45-points-in-highly-volatile-trade/20240508.htm
Total vehicle retail sales in India rose 27 per cent year-on-year to 22,06,070 units in April as all segments, including passenger vehicles and two-wheelers, witnessed growth, industry body FADA ...
Foreign portfolio investors' (FPIs') shareholding in NSE-listed companies fell 51 basis points sequentially to 17.68 per cent in the quarter ended March 31, 2024, according to data compiled by PR...
SBI Cards & Payment Services reported mixed results for the January-March quarter (Q4) of FY24.While it managed to deliver strong earnings growth, it saw a perceptible decline in net interest mar...
An in-line ICICI Bank result for the quarter ended March 31, 2024, has led to analysts raising target price and earnings per share (EPS) forecast on the stock.ICICI Bank, they said, appeared leas...
To increase the adoption of credit on United Payments Interface (UPI), National Payments Corporation of India (NPCI) is looking at an interchange fee for transactions lower than that for a credit...
When it comes to electric cars, the electric dream is turning out to be a six-letter word starting with f, ending with y, and having antas in between, notes Suveen Sinha.
https://www.rediff.com/business/column/why-future-of-cars-dont-look-electric/20240508.htm
'The markets will correct, and they are bound to correct. The boom will turn into bust.''When this bust happens, people would lose like they have lost in the past.''Whatever you have made possibl...
https://www.rediff.com/business/interview/ambareesh-baligas-advice-for-investors/20240508.htm
Net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23, according to the latest National Account Statistics 2024 of the Ministry of Statistics ...
The National Stock Exchange (NSE) and BSE on Tuesday said they will conduct a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handli...
Capital markets regulator Sebi has rejected a proposal by the National Stock Exchange (NSE) to extend the trading hours in the equity derivatives segment citing a lack of feedback from the stock ...
From the Sensex basket, Power Grid, IndusInd Bank, Tata Motors, JSW Steel, NTPC, HCL Technologies, Tata Steel, ICICI Bank, Mahindra & Mahindra, Axis Bank, HDFC Bank and Reliance Industries were a...
Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed.E...
The top three Indian IT firms -- Tata Consultancy Services (TCS), Infosys and Wipro -- collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, accor...
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers.Naturally, at the sign of a new crisis, the decision ma...
The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet...
For all the livelong years it has been around, beer has been associated with leisure and relaxation.Of late, it has become more than just a beverage. Both amateurs and aficionados prefer an uncor...
https://www.rediff.com/business/report/breweries-stir-up-barrels-with-mercury-rising/20240506.htm
The Bombay high court on Monday granted interim bail for two months on medical grounds to Jet Airways founder Naresh Goyal, who has been arrested by the Enforcement Directorate (ED) in a money la...
From the Sensex basket, Kotak Mahindra Bank jumped 5 per cent after the company reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core inco...
https://www.rediff.com/business/report/sensex-closes-flat-nifty-slips-on-profit-taking/20240506.htm
The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions.The results on Thursday were expected to be weak but the stock dropped slight...
India's services sector growth eased slightly in April but growth of new business and output remained sharp and among the fastest in 14 years amid favourable economic conditions and strong demand...
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emer...
https://www.rediff.com/business/report/who-will-take-over-the-godrej-empires/20240506.htm
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particu...
The revenue growth of early birds or companies that have declared their Q4FY24 (March quarter) numbers is the highest in the last four quarters.The 178 companies (excluding their listed subsidiar...
The financial numbers for 2023-24 (FY24) of the four pure-play listed asset management companies (AMCs) have enthused the Street.All firms listed robust growth in net profit and revenue both duri...
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
https://www.rediff.com/business/report/will-nifty-it-outperform-post-elections/20240506.htm
'Because it is the only public sector company in this sector, currently.'
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Dep...
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said.Markets would also take cues from trading a...
https://www.rediff.com/business/report/factors-that-will-guide-the-markets-this-week/20240505.htm
Kotak Mahindra Bank on Saturday reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins.On a standalon...
A little over 2,400 BSE-listed stocks ended with gains in April amid a sharp rebound in the broader markets from the March lows.This was the highest number of stocks that rose during a calendar m...
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday.As part of a change in leader...
The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 per tonne, amid ongoing Lok Sabha elections in the country.Last night, the government i...
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equi...
Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of th...
https://www.rediff.com/business/report/bajaj-finance-sinks-8-amid-rising-nim-pressure/20240504.htm
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non...
Apple grew at a strong double-digit rate in India, hitting a new March quarter revenue record in an "incredibly exciting market", even though the tech titan's overall quarterly revenue declined 4...
https://www.rediff.com/business/report/apple-logs-strong-double-digit-growth-in-india/20240503.htm
India's forex reserves dropped $2.412 billion to $637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday.In the pr...
https://www.rediff.com/business/report/forex-reserves-drop-241-bn-to-63792-bn/20240503.htm
From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards.Bajaj Finance climbe...
Cash-strapped edtech firm Byju's is likely to pay its employees the April salaries this week, according to sources.The company is grappling with the issue of delays in paying salaries to employee...
'Sell in May, go away' is a popular market adage.But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break.Sample this: the last four General Election ele...
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials.The bullish stance comes after the Mum...
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking....
Hindustan Unilever's (HUL's) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations.Net revenue was up 1 per cent year-on-year (Y-o-Y) with 2 per cen...
'We see mid-and small-caps as a real pot of gold.''From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
https://www.rediff.com/business/report/fintechs-push-for-easier-kyc/20240503.htm
Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter on the back higher supplies of the dry fuel.The company's consoli...
The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are...
https://www.rediff.com/business/report/rbi-says-9776-of-rs-2000-currency-notes-returned/20240502.htm
Nasdaq-listed IT services company Cognizant has reported a 5.8 per cent year-on-year decline in consolidated net profit for the March quarter to $546 million.The company in a release said its rev...
Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport...
https://www.rediff.com/business/report/adani-enterprises-q4-net-falls-37/20240502.htm
From the Sensex basket, Power Grid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, Mahindra & Mahindra, HDFC Bank, Tata Consultancy Services and JSW Steel were among the major gainers.K...
The fresh meat and seafood delivery startup Licious plans to set up 500 stores nationwide within the next five years as part of an omnichannel strategy.The aim is to attract new users in the offl...
These are usually found among small and midcaps. It is not easy to find such stocks, especially after a strong bull market, discovers Debashis Basu.
https://www.rediff.com/business/column/are-mf-stress-tests-of-any-use/20240502.htm
The Adi/Nadir Godrej family, along with other family members/trusts, has made an open offer to the shareholders of Astec Lifesciences to acquire an additional 26 per cent stake from the public as...
https://www.rediff.com/business/report/adi-nadir-familys-open-offer-for-astec/20240502.htm
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the loca...
India's manufacturing sector activity moderated in April, but still recorded the second fastest improvement in operating conditions in three-and-a-half years supported by buoyant demand, a monthl...
Japanese agri-equipment firm Kubota is taking cues from Suzuki Motor's strategy to establish India as its global production hub, according to a report by Nikkei Asia.The acquisition of Escorts in...
Countries that raised concerns about the quality of Indian spices have called for urgent attention and action, Delhi-based think tank Global Trade Research Initiative (GTRI) said on Wednesday.The...
Apart from the human body, human food will bear direct repercussions. From staples such as wheat, to coffee, dairy, and even the great Hilsa face the threat of reduced supply due to the extreme h...
https://www.rediff.com/business/report/how-heat-wave-will-affect-your-kitchen/20240502.htm
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.''Else, the wealth of all shareholders gets destroyed.'
https://www.rediff.com/business/special/godrej-split-handled-with-admirable-dignity/20240502.htm
Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mu...
https://www.rediff.com/business/report/godrej-split-who-gets-to-keep-what/20240501.htm
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elect...
Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline.Bogged down by financial tur...
https://www.rediff.com/business/report/dgca-deregisters-54-planes-of-go-first/20240501.htm
The Vedanta Group is aiming to invest $20 billion across all its businesses in India over the next four years, its chairman Anil Agarwal said on Wednesday.The group will sell the steel business o...
This isn't the first instance of Vistara facing scrutiny from the regulator over improper pilot training.
https://www.rediff.com/business/report/why-dgca-suspended-vistara-executive/20240501.htm
Shares of Mukesh Ambani-owned Reliance Industries Limited (RIL) rose nearly 1 per cent on Tuesday, hitting an intraday high of Rs 2,986.05 per share, after most brokerages reacted positively to t...
https://www.rediff.com/business/report/brokerages-raise-targets-on-ril-stock-post-q4/20240501.htm
The country's gross GST collections hit a record high of Rs 2.10 lakh crore in April, growing 12.4 per cent year on year driven by a strong increase in domestic transactions and imports.GST colle...
https://www.rediff.com/business/report/gst-collection-breaches-rs-2-lakh-cr-milestone/20240501.htm
The alpona (artwork) on the steep, winding road leading to Makaibari bears testimony to the visit of G20 delegates for the second tourism working group meeting in April last year.The lush tea bus...
https://www.rediff.com/business/report/bengals-tea-industry-seeks-a-new-flavour/20240501.htm
'This can eventually start the end of the current market frenzy, which has lasted for a full year.'
Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufact...
https://www.rediff.com/business/report/needed-quickly-semiconductor-experts/20240501.htm