Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to t...
In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the ru...
Surpassing the all-time high level achieved the previous week, India's forex reserves jumped by another $4 billion to $670.86 billion for the seven days ended July 19, the Reserve Bank said on Fr...
https://www.rediff.com/business/report/forex-reserves-jump-4-bn-to-new-high-of-67086-bn/20240726.htm
The Supreme Court on Friday got irked over a lengthy judgement penned by a single judge bench of the Delhi high court in a case related to an arbitral award involving media baron Kalanithi Maran ...
Bharti Airtel was the biggest gainer, rising by over 4.51 per cent.Adani Ports, Sun Pharma, Tata Steel, HCL Technologies, Infosys, JSW Steel and Mahindra & Mahindra were the other big gainers.
https://www.rediff.com/business/report/sensex-back-above-81k-nifty-surges-429-points/20240726.htm
The introduction of tax deducted at source (TDS) on income from central government securities and state bonds may not lead to a significant effect on retail participation, according to market par...
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.''The only thing that matters to me as a buyer is that the home price should be wi...
Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers.Affordable ...
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.''The underlying business sentiment has not changed significantly.'
https://www.rediff.com/business/interview/k-krithivasan-tcs-is-not-a-one-trick-pony/20240726.htm
Public-sector lenders Indian Overseas Bank (IOB) and Uco Bank are likely to raise funds through qualified institutional placement (QIP) next month.Punjab & Sind Bank is likely to follow suit late...
'Customers are coming in; if they aren't buying, they are at least visiting the stores, which was not the case before the Budget.'
https://www.rediff.com/business/report/budget-encourages-gold-rush/20240726.htm
Over 70 per cent of individual investors who engage in intraday trading incurred an average loss of Rs 5,371 during 2022-23 (FY23), according to a study conducted by the Securities and Exchange B...
The net credit card additions in the banking sector nearly halved to 2 million in the first quarter of the current financial year (Q1FY25) from the previous quarter due to seasonal and regulatory...
https://www.rediff.com/business/report/net-credit-card-additions-down-48-to-2-mn-in-q1/20240725.htm
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of inde...
Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel and State Bank of India were the other laggards.Among the gainers, Tata Motors jumped nearly 6 per cent.Larsen & Toubro, Sun P...
Overseas fundraising by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from internat...
'We have now drastically simplified it, primarily to two rates in long-term capital gains: 20% and the applicable rates. Similarly, in short-term capital gains.''For listed shares, there is a sli...
https://www.rediff.com/business/interview/why-govt-changed-these-taxes/20240725.htm
Shares of Avenue Supermarts (DMart) have gained about 5 per cent over the past week on better than expected June quarter (Q1FY25) performance, hopes of a recovery in discretionary demand, and mar...
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent...
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.''So, when the Opposition sweepingly says there are no jobs, I'm s...
https://www.rediff.com/business/interview/the-nirmala-sitharaman-interview/20240725.htm
The fund, the Budget documents say, will be used for maintaining a buffer stock of pulses, onions, and potatoes and sending sufficient amounts to markets.
https://www.rediff.com/business/report/rs-10000-crore-war-chest-to-fight-food-inflation/20240725.htm
The income tax department on Wednesday issued FAQs on changes in the capital gains tax saying the idea behind it was to simplify the tax structure and promote ease of compliance.The holding perio...
The Budget proposals are expected to boost the fortunes of consumer goods and fast-moving consumer goods companies, which have been struggling with poor consumer demand for more than a year.The B...
Benchmark BSE Sensex declined for the fourth day in a row on Wednesday due to selling in financial and banking shares and the government's move to hike securities transaction tax and short term c...
In her Budget speech, Finance Minister Nirmala Sitharaman on Tuesday underlined the need for collaboration between the Centre and states to take up the next-generation reforms covering land, labo...
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample oppor...
Recognising job creation for the youth as the foremost challenge for the economy, Finance Minister Nirmala Sitharaman on Tuesday announced a comprehensive Prime Minister's package to facilitate t...
Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road ma...
'The move to remove indexation benefits on LTCGs presently available for property, gold, and other unlisted assets may have a negative impact as it directly impacts real estate investors.'
https://www.rediff.com/business/report/how-the-budget-impacts-property-sales/20240724.htm
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
https://www.rediff.com/business/report/will-stt-curb-fo-trading/20240724.htm
'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.''You're also going to get that two-and-a-half percent which the Government of India i...
https://www.rediff.com/business/interview/gold-crash-should-you-invest-now/20240724.htm
Union Finance Minister Nirmala Sitharaman on Tuesday said the fiscal deficit for 2024-25 is estimated at 4.9 per cent of GDP.
https://www.rediff.com/business/report/fiscal-deficit-for-fy25-estimated-to-be-49-fm/20240723.htm
For every rupee in the government coffer, the biggest pie of 63 paise will come from direct and indirect taxes, according to the Union Budget 2024-25 documents.
Fitch Ratings on Tuesday said the FY25 Budget demonstrated the government's ongoing commitment to reducing fiscal deficit and ensured policy continuity during the NDA government's new term.Financ...
The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.
https://www.rediff.com/business/report/govt-withdraws-equalisation-levy-of-2-finmin/20240723.htm
Moody's Ratings on Tuesday projected general government debt to stabilise above 80 per cent of GDP over the next three years, down from 89.3 per cent in 2020-21."General government interest payme...
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge ...
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the y...
https://www.rediff.com/business/report/budget-2024-gold-prices-crash-by-rs-3350/20240723.htm
The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established.Finance M...
https://www.rediff.com/business/report/govt-to-set-up-e-comm-hubs-to-promote-exports/20240723.htm
Startup and venture funds on Tuesday cheered the Budget decision on the abolition of angel tax for all investor classes, terming it a "game-changer" that would remove significant barriers in grow...
Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on in...
The government on Tuesday proposed to launch a mission to give fillip to the domestic output of critical minerals like copper and lithium, their recycling as well as acquisition of such assets ab...
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation,...
In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide ...
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for 2024-2025.
https://www.rediff.com/business/report/mumbai-watches-nirmalajis-budget/20240723.htm
Adani Ports, NTPC, Infosys, Hindustan Unilever, HCL Technologies and Sun Pharma were among the other big gainers.However, Larsen & Toubro, Bajaj Finance, State Bank of India, Axis Bank and HDFC B...
https://www.rediff.com/business/report/budget-how-the-markets-fared-on-july23/20240723.htm
Of the total proposed allocation, over Rs 1 lakh crore is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL...
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from in...
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric ...
Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country."The limit of Mudra loans will be ...
Union Finance Minister Nirmala Sitharaman on Tuesday announced that comprehensive development of Vishnupad Temple corridor at Gaya and Mahabodhi Temple at Bodh Gaya in Bihar will be supported by ...
Highlights of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday.
Gold, silver and other precious metals along with imported mobile phones, certain cancer drugs and medical devices are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cu...
https://www.rediff.com/business/report/budget-2024-what-is-cheaper-what-is-costlier/20240723.htm
Finance Minister Nirmala Sitharaman on Tuesday said the government plans to raise capital gains exemption limit on certain financial assets to Rs 1.25 lakh per year for middle and upper middle cl...
So tell us, does Sitharaman's 7th consecutive Budget deserve cheers or boos?
https://www.rediff.com/business/report/yay-or-nay-rate-sitharamans-7th-budget/20240723.htm
The government on Tuesday announced certain incentives as part of efforts to boost maintenance, repair and overhaul activities in the country's aviation and shipping sectors.India is one of the f...
The government on Tuesday announced central assistance of Rs 2.2 lakh crore over the next five years to meet housing requirement of 1 crore urban poor and middle class families under the Pradhan ...
The government will provide Rs 11.11 lakh crore for capital expenditure for 2024-25 and introduce viability gap funding to spur private investment in infrastructure, Finance Minister Nirmala Sith...
The FM proposed reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.
The removal of the angel tax is expected to be a boost for startups as it will help in promoting a more conducive environment for them.
These schemes will be based on enrolment in Employees' Provident Fund Organization (EPFO), Sitharaman said in the Lok Sabha.
The government on Tuesday announced that it will undertake a comprehensive review of the Income Tax Act to make it easy to read.Presenting the Union Budget for 2024-25, Finance Minister Nirmala S...
The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday.Pre...
Finance Minister Nirmala Sitharaman on Tuesday announced nine priorities in the Union Budget 2024-25 for generating ample opportunities in the economy. The nine priorities include productivity, j...
https://www.rediff.com/business/report/budget-govt-announces-9-priorities-in-budget/20240723.htm
The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years.The announcement was made by Finance Minister Nirmala Sitharaman in the Un...
She added that the government has extended the PM Garib Kalyan Anna Yojana for five years which is benefiting 80 crore people of the country.
Finance Minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25, her 7th straight presentation surpassing the record of former prime minister Morarji Desai.This is the first Budge...
https://www.rediff.com/business/report/nirmala-sitharaman-presents-her-7th-union-budget/20240723.htm
The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the full Budget for 2024-25, sources said.
https://www.rediff.com/business/report/budget-cabinet-clears-union-budget-2024-25/20240723.htm
All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy
With the tablet carefully kept inside a red cover with a golden-coloured national emblem embossed on it instead of the briefcase, Parliament will be her next destination after the call on Preside...
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
https://www.rediff.com/business/special/meet-nirmalajis-core-budget-team/20240723.htm
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult.Any changes to...
The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas.According to the Federation of Automo...
India no longer needs big ticket reforms but small and basic ones to drive the growth forward, Chief Economic Advisor V Anantha Nageswaran said on Monday.Addressing the media after the Economic S...
The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce, according to the Economic Survey for 2023-24....
India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates i...
India's GDP is likely to grow at 6.5 to 7 per cent in the current fiscal year amid global challenges which may impact exports, said Economic Survey 2023-24 tabled in Parliament on Monday.The grow...
https://www.rediff.com/business/report/survey-pegs-indias-fy25-gdp-growth-at-65-7/20240722.htm
The Economic Survey on Monday said the advent of Artificial Intelligence (AI) casts a "huge pall of uncertainty" with regard to impact on workers across all skill levels.The Economic Survey 2023-...
The Survey is authored by Chief Economic Advisor V Anantha Nageswaran and his team.
https://www.rediff.com/business/report/highlights-of-economic-survey-2023-24/20240722.htm
ITC, State Bank of India, HCL Technologies and IndusInd Bank were the other big laggards.NTPC, UltraTech Cement, HDFC Bank and Mahindra & Mahindra were among the gainers.
Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the exp...
https://www.rediff.com/business/report/economic-survey-pitches-for-more-fdi-from-china/20240722.htm
Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, ...
The share of equity and investment funds in the total financial wealth of households increased by more than 50% between 2011-2012 and 2022-2023.
https://www.rediff.com/business/report/what-indian-households-are-investing-in/20240722.htm
The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday.The Indian financial sector ...
'Bilateral trade has suffered seriously because of the growing unrest.''There is a standstill on both sides amid the curfew.'
https://www.rediff.com/business/report/indian-biz-sees-hope-after-bangladesh-sc-order/20240722.htm
The short-term inflation outlook for India is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI a...
https://www.rediff.com/business/report/short-term-inflation-outlook-benign-survey/20240722.htm
The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on...
A higher level of private sector financing and resource mobilisation from new sources will be crucial for India to build quality infrastructure, according to the Economic Survey 2023-24.The Econo...
Mark your calendar! On August 7, Tata Motors is unveiling a revolutionary vehicle -- the Curvv, billed as India's first SUV coupe.
'A lot of them are converted to other tokens, and since crypto is dealt with internationally, it can go to any exchange in any country.'
https://www.rediff.com/business/report/wazirx-breach-recovering-stolen-crypto-is-hard/20240722.htm
Stocks of electronics manufacturing services companies have been major outperformers, with four of the top eight listed majors by market capitalisation doubling their value over the past 12 month...
'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.''That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based a...
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
https://www.rediff.com/business/column/rathin-roy-the-threats-to-indias-prosperity/20240722.htm
Trade between India and Bangladesh via land ports came to a standstill on Sunday as there was no movement of cargo trucks to and fro due to the ongoing student protests in the neighbouring countr...
'With the deployment of a higher degree of mechanisation, awarding contractual mining to MDOs and operational efficiency, we feel confident of achieving the desired target.'
The outcome of the Union Budget, quarterly earnings from corporates and global trends are the major factors to drive stock market sentiments this week, analysts said.Besides, the trading activity...
https://www.rediff.com/business/report/will-nirmaljis-7th-budget-boost-the-markets/20240721.htm
Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight Budget on Tuesday for the fiscal 2024-25, surpassing the record of former prime minister Morarj...
Tomato prices soared to Rs 100 per kg in retail markets of the national capital on Saturday as adverse weather conditions in various parts of the country continue to affect supplies of the essent...
The country's largest private lender HDFC Bank on Saturday reported a 6.51 per cent decline in its consolidated net profit to Rs 16,474.85 crore in the April-June quarter compared to the previous...
'The pricing model will be different. The product will be different.'
Private sector lender Yes Bank on Saturday reported a 46.7 per cent growth in net profit to Rs 502 crore for the June 2024 quarter, helped by a reduction in provisions.The city-headquartered bank...
The April-June quarter (Q1) of the current financial year (FY25) may be soft for banks with loan growth moderation, net interest margin (NIM) pressures, and higher staff and credit costs inching ...
Airline systems across airports, which were impacted due to a global IT outage on Friday, have started working normally, and all issues are likely to be resolved by noon on Saturday, Civil Aviati...
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers t...
https://www.rediff.com/business/report/sebi-cracks-whip-at-finfluencers/20240720.htm
Alloting more funds for MNREGA and PM-KISAN could wipe out the entire additional money that the Centre may have for FY25.
https://www.rediff.com/business/report/budget-nirmalajis-huge-rural-sector-challenge/20240720.htm
IT major Wipro on Friday posted a 4.6 per cent year-on-year rise in its consolidated net profit for the June quarter at Rs 3,003.2 crore.The Q1 FY25 revenue of the Bengaluru-headquartered firm, h...
Union Civil Aviation Minister K Ram Mohan Naidu on Friday said measures are being taken to ensure smooth flight movements in India after a Microsoft software outage worldwide caused disruptions i...
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or ...
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cas...
As the Drugs Controller General of India (DCGI) is set to crack down on companies to ensure compliance with printing QR codes on top-selling brands to curb counterfeiting, top pharma companies sa...
Reliance Industries Ltd, India's most valuable company, on Friday reported a 5 per cent drop in its June quarter net profit as lower fuel cracks and petrochemical margins outdid gains in telecom ...
Vivek Biyani, the nephew of retail veteran Kishore Biyani, will launch a retail chain focused on direct-to-consumer (D2C) brands under the name Broadway, along with actor Rana Daggubati, Apurva S...
India's forex reserves jumped by $9.7 billion to an all-time high of $666.85 billion for the week ended July 12, the RBI said on Friday.In the previous reporting week, the kitty had increased by ...
Among the Sensex pack, Tata Steel tumbled over 5 per cent while JSW Steel tanked nearly 5 per cent.Tata Motors, NTPC, UltraTech Cement, Tech Mahindra, Bajaj Finance, Power Grid, Mahindra & Mahind...
https://www.rediff.com/business/report/sensex-tanks-739-points-to-settle-below-81k/20240719.htm
Fintech firm One97 Communications, which owns Paytm brand, on Friday said its loss has widened to Rs 840 crore in the quarter ended June 30, primarily due to continued impact of restrictions on P...
https://www.rediff.com/business/report/paytm-apr-jun-quarter-loss-widens-to-rs-840-cr/20240719.htm
The Centre has increased the area granted to individual players by more than four fold in order to boost mining of critical minerals.Issuing an order on Tuesday, the government said, for mining l...
https://www.rediff.com/business/report/area-for-critical-minerals-mining-expanded/20240719.htm
From its recent lows, the stock of consumer major Marico is up 7 per cent on the back of a better-than-expected June quarter performance and robust outlook.In a pre-quarter update, the management...
https://www.rediff.com/business/report/robust-fy25-outlook-to-sustain-marico-gains/20240719.htm
Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.
https://www.rediff.com/business/report/budget-nirmalajis-chance-to-revisit-fiscal-math/20240719.htm
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
'They are testing the waters to see if there is a market. That is why they are not giving sales targets.'
https://www.rediff.com/business/report/can-bajajs-freedom-125-disrupt-2-wheeler-market/20240719.htm
The swindled amount is nearly half of WazirX's total assets.
https://www.rediff.com/business/report/wazirx-loses-234-million-in-security-breach/20240719.htm
Milk supplies could improve with the monsoon, provided the rains are not excessive.
https://www.rediff.com/business/report/why-are-milk-prices-on-the-boil/20240719.htm
An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in t...
https://www.rediff.com/business/report/rbi-admits-food-inflation-is-a-concern/20240718.htm
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state...
IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year.The consolidated net profit of Infosys increas...
Bajaj Finserv, Infosys, Mahindra & Mahindra, Tech Mahindra, Hindustan Unilever, State Bank of India and HCL Technologies were the biggest gainers.On the contrary, Asian Paints, JSW Steel, NTPC an...
https://www.rediff.com/business/report/sensex-breaches-81k-nifty-scales-24800-peak/20240718.htm
As a panel of senior ministers deliberates on the need to review curbs on exports of some rice varieties, data shows that since outbound shipments saw restrictions in July-August last year, the n...
Edtech company Byju's parent Think & Learn will challenge the National Company Law Tribunal's (NCLT's) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal...
https://www.rediff.com/business/report/byjus-may-move-nclat-against-insolvency-order/20240718.htm
About two-thirds of the incremental net income of the Nifty 50 over FY19-24 has come from companies in relatively low-valued sectors such as banks, diversified financials, IT services, and metals...
https://www.rediff.com/business/report/nifty-50-index-is-a-bit-of-a-mirage/20240718.htm
As milk prices rise, analysts have an optimistic view on dairy stocks such as Heritage Foods and Dodla Dairy, hoping the companies' margins will grow in the near to medium term.From a long-term p...
https://www.rediff.com/business/report/investors-cheer-as-dairy-stocks-turn-cash-cows/20240718.htm
Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area.The distributor raised prices by Rs 1.50 per kilogramme (k...
The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024.This was the highest first half figure since 2007, according...
With the fiscal deficit target staring at the government, the FY25 Budget has limited expenditure options, points out A K Bhattacharya.
'Two would be premium products and three would be mainstream products.'
https://www.rediff.com/business/report/jsw-mg-to-launch-5-new-cars/20240718.htm
Developers in India now have expanded access to Google's powerful AI models with the 2 million token context window in Gemini 1.5 Pro and Gemma 2, the next generation of open models.
https://www.rediff.com/business/report/google-unveils-ai-for-indias-developers/20240718.htm
Ola Electric, the SoftBank-backed electric vehicle (EV) maker, is likely to pursue a valuation of approximately $4.5 billion in its upcoming initial public offering (IPO), marking about 18 per ce...
The possible instances of front running at Quant Mutual Fund have likely pushed the Securities and Exchange Board of India (Sebi) to expedite the implementation of an institutional mechanism fram...
Public-sector banks, including Canara Bank and Bank of India, are tapping the infrastructure bond market.Canara Bank on Tuesday raised Rs 10,000 crore at a coupon rate of 7.40 per cent through 10...
Subhash Dandekar, chairman emeritus of Kokuyo Camlin and the man known for bringing colours to artists as well as students in the country, passed away on Monday at 85.
The battle for the top spot in the two-wheeler market is intensifying. The gap between Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) in retail sales narrowed to just 45,607 units in J...
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
https://www.rediff.com/business/report/microcaps-outperform-midsmallcaps/20240717.htm
While most analysts are expecting poor results from oil marketing companies (OMCs) in the first quarter of 2024-25 (Q1FY25) and even in the first half (H1) of FY25, GAIL (India) could be an outli...
To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content ...
https://www.rediff.com/business/report/budget-may-go-vocal-for-higher-local-procurement/20240717.htm
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
https://www.rediff.com/business/interview/will-nirmalaji-cheer-the-markets/20240717.htm
Unlike the previous visit, where TDP MPs accompanied Naidu to meetings, sources termed the current visit as "low profile", with one-on-one meetings with key Union ministers.
https://www.rediff.com/business/report/whys-naidu-visiting-delhi-again/20240717.htm
Edtech company Byju's, which was once India's most valuable start-up worth an estimated $22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI.The B...
Finance Minister Nirmala Sitharaman on Tuesday participated in a traditional 'halwa' ceremony, marking the final stage for preparation of Union Budget 2024-25 to be unveiled on July 23 in Lok Sab...
Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners.On the other hand, Kotak Mahindra Ba...
The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.
India has flagged concerns over non-tariff barriers (NTBs) faced by its exporters with the Russian government, commerce secretary Sunil Barthwal said on Monday.NTBs faced by Indian exporters are ...
There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders.The statement comes amid growing concern about ...
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
https://www.rediff.com/business/report/apple-sales-in-india-up-to-67000-cr/20240716.htm
'In an economy that is set to double in the coming years, stopping SIPs will take investors out of this growth path.'
'There is no immediate threat to the government, and they would prefer the growth agenda.'
https://www.rediff.com/business/report/budget-focus-will-be-on-growth-jobs/20240716.htm
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers' body FADA said on Monday.Overall retail sales rose t...
https://www.rediff.com/business/report/automobile-retail-sales-up-9-in-april-june-fada/20240715.htm
The government on Monday announced the implementation of a 5 per cent uniform IGST rate on all aircraft and aircraft engine parts to boost the industry.The decision, which comes into force with i...
On-demand convenience platform Swiggy on Monday said it has announced its fifth ESOP liquidity programme giving options to employees across levels and functions to receive liquidity of up to $65 ...
Food-delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru.Its rival Swiggy, which had also increased the platform fee in select cities on Sun...
https://www.rediff.com/business/report/zomato-hikes-platform-fee-in-select-cities/20240715.htm
Among Sensex shares, State Bank of India, NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the biggest winners.On the other hand, Asian Paints, Tata St...
India's merchandise exports in June increased 2.56 per cent to $35.2 billion from $34.32 billion in the year-ago month, according to government data released on Monday.Imports rose by about 5 per...
https://www.rediff.com/business/report/indias-exports-rose-256-to-352-bn-in-jun/20240715.htm
Hindustan Unilever (HUL) will closely assess the global initiatives of its parent under the productivity programme and evaluate what works best for its business and people, said the company.The s...
A strong influx of 11 equity new fund offers (NFOs) in June, particularly within the thematic space, helped mutual funds collect Rs 14,370 crore - the highest ever via such introductory offers.Th...
Major credit issuers, including the largest - HDFC Bank - have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party applicatio...
Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent on account of rise in prices of food articles, especially vegetables and manufactured items.The w...
A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease ...
https://www.rediff.com/business/report/gig-workers-bill-unease-among-startups/20240715.htm
Consolidated earnings for oil-to-telecom conglomerate Reliance Industries (RIL) may report sequential weakness, and modest year-on-year (Y-o-Y) growth in the June 2024 quarter (Q1FY25), said anal...
https://www.rediff.com/business/report/ril-net-may-see-sequential-dip/20240715.htm
Fresh order wins for capital goods and industrial companies may have seen a major slump due to Lok Sabha polls in the first quarter of the current financial year (Q1FY25).At the same time, revenu...
https://www.rediff.com/business/report/capital-goods-cos-may-see-rise-in-profit/20240715.htm
'Their chemistry is organic and authentic, making them an appealing choice for collaborative endorsements.'
https://www.rediff.com/business/report/why-brands-are-slurping-over-ro-ko/20240715.htm
Mondelez, Coca-Cola, PepsiCo and Nestle India have been working on bringing down the sugar, salt, and sodium content.
https://www.rediff.com/business/report/companies-join-battle-against-sugar-salt/20240715.htm
A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.
https://www.rediff.com/business/column/tamal-bandyopadhyay-the-lives-psu-bankers-lead/20240715.htm
There are reports that the government will soon cut income taxes by
about Rs 50,000 crore to boost consumption.
Prime Minister Modi,
I suggest that, instead, you distribute about one lakh cr...
The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'.Some of the provisions, which...
Doubling standard deduction to Rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm ...
German luxury carmaker Mercedes-Benz is considering assembling more electric vehicles at its plant in India not merely to gain cost advantage but also to meet its zero emission mobility and carbo...
Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data.Over...
https://www.rediff.com/business/report/automobile-exports-from-india-rise-155-in-q1/20240714.htm
With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said.In the report...
As the results season kicks in, the quarterly earnings numbers of several blue-chip firms -- such as Infosys and Reliance Industries -- along with global trends and trading activity of foreign in...
https://www.rediff.com/business/report/factors-thst-will-guide-the-markets-this-week/20240714.htm
Japan's Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said.Softbank invested about $1.5 bil...
https://www.rediff.com/business/report/softbank-exits-paytm-at-loss-of-around-150-mn/20240713.htm
The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the...
https://www.rediff.com/business/report/does-govt-plan-to-junk-mtnl-bsnl-merger/20240713.htm
'Sebi had no problem with derivatives until trading exploded after Covid.''But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, ...
https://www.rediff.com/business/column/how-to-curb-speculation-in-fos/20240713.htm
Net direct tax collection grew 19.54 per cent to over Rs 5.74 lakh crore so far this fiscal on higher advance tax payment by corporate.The first instalment of advance tax, which was due on June 1...
From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
The Adani Group is planning to invest Rs 20,000 crore more to complete the remaining three phases of the Vizhinjam International Seaport, the first transshipment port in the country, managing dir...
IT services company HCLTech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY...
Businessmen from all over the world attended Radhika Merchant and Anant Ambani's wedding at the Jio World Convention Centre, Bandra Kurla Complex, north west Mumbai, on Friday, July 12, 2024.
https://www.rediff.com/business/report/tycoons-at-radhika-anants-wedding/20240712.htm
Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables became dearer, according to government data released on Friday.The Consumer Price Index ...
India's forex reserves jumped $5.16 billion to $657.16 billion during the week ended July 5, the Reserve Bank of India (RBI) said on Friday.The forex kitty had declined for the previous two conse...
https://www.rediff.com/business/report/forex-reserves-jump-516-bn-to-65716-bn/20240712.htm
As many as 140 million customers of HDFC Bank and Axis Bank are expected to face interruption in banking services in the weekend due to the former's system upgrade and the transition of Citi Indi...
Passenger vehicle wholesales crossed the 10-lakh mark for the first time ever in the June quarter riding on the back of robust demand for utility vehicles, industry body SIAM said on Friday.Total...
https://www.rediff.com/business/report/q1-auto-sales-cross-10-lakh-mark-for-first-time/20240712.htm
Among the Sensex pack, Tata Consultancy Services climbed nearly 7 per cent after the country's largest IT services player reported 8.7 per cent growth for the June quarter net profit at Rs 12,040...
https://www.rediff.com/business/report/markets--record-high-on-buying-in-it-stocks/20240712.htm
State-owned Indian Renewable Energy Development Agency's (Ireda's) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry...
Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs ...
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
https://www.rediff.com/business/column/uncle-sams-dollar-ponzi-scheme/20240712.htm
Despite steady loan growth, the banking sector is expected to report subdued margins in the quarter ending June 2024 (Q1FY25), driven by high demand for deposits amidst tight liquidity conditions...
Equity supply may hit Rs 6 trillion soon.
https://www.rediff.com/business/report/rs-2000-crore-raised-daily-jan-jun-2024/20240712.htm
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
https://www.rediff.com/business/report/gst7-challenges-but-collections-surge/20240712.htm
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.''It might not increase and at the same time the prices will not come down too.'
Ahead of the upcoming budget, eminent economists during a meeting with Prime Minister Narendra Modi on Thursday urged the government to take steps to accelerate economic growth and improve infras...
https://www.rediff.com/business/report/budget-meet-what-economists-told-modi/20240711.htm
The government has taken a slew of steps to boost the sales of electric two-wheelers and three-wheelers under its Electric Mobility Promotion Scheme (EMPS) 2024, which includes allowing manufactu...
Major private sector life insurance companies, including HDFC Life, ICICI Prudential, Bajaj Allianz and Max Life Insurance, have increased their term insurance premiums by 4-7 per cent in respons...
https://www.rediff.com/business/report/pvt-life-insurers-hike-term-policy-premium/20240711.htm
India's largest IT services company Tata Consultancy Services (TCS) on Thursday posted an 8.7 per cent year-on-year rise in its consolidated net profit at Rs 12,040 crore in the first quarter end...
The June quarter is usually considered as a seasonally strong period for the IT sector.
https://www.rediff.com/business/report/it-companies-may-see-recovery-in-june-quarter/20240711.htm
Among Sensex shares, Bajaj Finance, Mahindra & Mahindra, Sun Pharma, Nestle, NTPC, Power Grid, NTPC, UltraTech Cement and Larsen & Toubro were the biggest laggards.The prominent gainers were ITC,...
https://www.rediff.com/business/report/markets-pare-all-gains-bse-nse-end-in-red/20240711.htm
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising i...
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker.The earnings momentum looks set to continue.Good fund performances ha...
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to anal...
'The dakiyas will be our partners, receiving credit proposals from micro-enterprises at the grassroots level.'
https://www.rediff.com/business/report/how-postmen-can-help-micro-entrepreneurs/20240711.htm
Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.
https://www.rediff.com/business/special/labour-pains-challenges-infra-industry/20240711.htm
Around 600 non-flying staff of Air India and Vistara are likely to be impacted by the two airlines' mega-merger, and efforts will be made to provide job opportunities to the affected employees wi...
Tata Motors and Mahindra & Mahindra have cut the prices of their SUV models to boost demand.Tata Motors has revised the starting prices of its flagship SUVs, the Harrier (Rs 14.99 lakh) and the S...
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade.Th...
For Dinesh Nirmal (pictured), who heads IBM Software, one of his mandates is to integrate generative artificial intelligence (GenAI) into all products IBM builds and leverage it to enhance develo...
https://www.rediff.com/business/report/tech-genai-giving-30-40-productivity-gains/20240710.htm
'We found certain banks having lakhs of such accounts with apparently no valid reason.'
https://www.rediff.com/business/report/rbi-flags-concern-over-illegal-accounts/20240710.htm
In the Sensex pack, Mahindra & Mahindra tanked over 6 per cent after the company cut the prices of its SUV models to boost demand.Mahindra & Mahindra said its XUV700's fully-loaded AX7 range now ...
'Expectations are high regarding the change in LTCG with respect to equity investments.'
https://www.rediff.com/business/report/capital-gains-tax-tinkering-may-spook-markets/20240710.htm
Nasdaq-listed IT services major Cognizant on Tuesday said the firm's Chief Financial Officer (CFO) Jatin Dalal (pictured) had reached a settlement in the "non-compete" lawsuit filed by Wipro.The ...
https://www.rediff.com/business/report/cognizant-settles-cfo-lawsuit-with-wipro/20240710.htm
Indian food services sector is expected to grow at a CAGR (compounded annual growth rate) of 8.1 per cent between 2024 and 2028 on the back of rapid urbanisation, robust GDP growth, a rising youn...
The stock of Voltas, the country's largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months.Robust demand on the back of a sweltering summer, distribution expansion, ...
https://www.rediff.com/business/report/rising-demand-for-acs-pushes-up-voltas-stock/20240710.htm
Coal India looks set to achieve its 2024-25 (FY25) production targets.If it can achieve its aim of ramping up Fuel Supply Agreement (FSA) and e-auction volumes, along with cost-saving, evacuation...
A lot of the 100-day programmes would be 'milestone-based' with timelines for achieving targets for social-sector schemes.
https://www.rediff.com/business/report/modi-to-finalise-100-day-agenda-after-budget/20240710.htm
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structur...
https://www.rediff.com/business/report/broking-stocks-slide-on-sebi-pivot/20240710.htm
131 stocks from the Nifty MidCap 150 index, and 211 stocks from the Nifty SmallCap 250 index are seen trading above the long-term moving average as of date.
https://www.rediff.com/business/report/will-mid-smallcaps-sustain-upward-trend/20240710.htm
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
https://www.rediff.com/business/report/automakers-slash-prices-to-boost-sales/20240710.htm
Investors pumped in a record Rs 40,608 crore into equity mutual funds in June, 17 per cent higher than in May 2024, industry body Amfi said on Tuesday.The flows into the systematic investment pla...
India and Russia on Tuesday set a target of $100 billion in annual trade volume by 2030 and vowed to develop a robust bilateral payment settlement mechanism using national currencies.The two side...
Tomato prices in the delhi markets surged to Rs 90 per kg as supplies have taken a hit due to monsoon rains lashing many states across the country, several vegetable vendors said on Tuesday.The r...
The government may relax the requirement of making payments to MSMEs within 45 days of buying goods and services to check large corporate from looking at other sourcing avenues, sources said.The ...
India added nearly 4.7 crore jobs during 2023-24, taking the total number of employed people to 64.33 crore spread over 27 sectors covering the entire economy, according to Reserve Bank data.The ...
https://www.rediff.com/business/report/india-added-47-cr-jobs-in-fy24-rbi/20240709.htm
Mahindra & Mahindra, Titan, Sun Pharma, ITC, Nestle and Tata Motors were the other big gainers.Reliance Industries, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were among the laggards.
https://www.rediff.com/business/report/how-the-markets-fared-on-july9/20240709.htm
Insurance companies reported nearly 23 per cent growth in first year premium in the first quarter of financial year 2024-25, when compared to the same period last year, with market leader LIC lea...
https://www.rediff.com/business/report/new-biz-premium-rises-23-in-q1/20240709.htm
Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in theApril-June quarter of 2024-25 (FY25). Current a...
https://www.rediff.com/business/report/deposits-grew-slower-than-loans/20240709.htm
Bhavish Aggarwal, founder and chief executive officer of Ola, is encouraging developers to switch from Google Maps to Ola Maps.Ola is offering developers a year of free access to Ola Maps on the ...
https://www.rediff.com/business/report/ola-maps-navigating-beyond-western-apps/20240709.htm
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand...
Consumers are unlikely to disconnect their mobile connections and will most likely absorb the up to 22 per cent tariff hike imposed last week by Jio, Airtel, and Vodafone Idea (Vi), according to ...
Swift Dzire has clocked 2.5 million in sales, and you might, in a non-too-distant future, see headlines that the DZire has done 3 million as well, observes Suveen Sinha.
https://www.rediff.com/business/column/how-swift-changed-marutis-thinking/20240709.htm
Mercedes-Benz India is looking at electric entry-level models to attract first-time luxury car buyers, as it sets eyes on another double-digit growth this year, its managing director and CEO Sant...
https://www.rediff.com/business/report/auto-how-mercedes-plans-to-woo-rich-indians/20240709.htm
After Delhi, CNG price in Mumbai has been hiked by Rs 1.50 per kg and the rate of cooking gas piped to houses by Re 1 due to rise in input costs.Mahanagar Gas Ltd, which retails CNG to automobile...
The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate.The mi...
The number of persons employed in 27 sectors, including agriculture, trade and financial services, increased by 3.31 per cent year-on-year to 59.66 crore in 2022-23, according to data published b...
India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude ...
Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher ...
Life Insurance Corporation of India (LIC) has made the most of the stock market boom by reducing stakes in all its top conglomerates during the financial year 2023-2024 (FY24).However, even after...
The Rs 500-crore Electric Mobility Promotion Scheme (EMPS) 2024, introduced by the Centre to provide incentives to the electric mobility industry, will conclude on July 31 with barely 3.6 per cen...
https://www.rediff.com/business/report/emps-2024-only-36-vehicle-sales-target-met/20240708.htm
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality.Amid a landscape where other banks struggled with ...
https://www.rediff.com/business/report/can-the-new-hdfc-bank-reclaim-its-old-glory/20240708.htm
Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards.ITC, Hindustan Unilever, Nestle, ...
https://www.rediff.com/business/report/sensex-ends-down-36-points-in-lacklustre-trade/20240708.htm
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US.DRL will pay a total c...
In seeking visa approvals for engineers from China, the company has reasoned that India lacks the expertise to set up such a solar facility.
https://www.rediff.com/business/report/why-adani-solar-sought-visas-for-chinese/20240708.htm
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutic...
https://www.rediff.com/business/report/budget-2024-wishlist-of-the-pharma-industry/20240708.htm
Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods'...
US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it ...
https://www.rediff.com/business/report/new-twist-to-hindenberg-adani-drama/20240707.htm
With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending is...
https://www.rediff.com/business/report/india-uk-to-resume-trade-talks-this-month/20240707.htm
Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies...
https://www.rediff.com/business/report/factors-that-will-guide-the-markets-this-week/20240707.htm
India's forex reserves dropped $1.71 billion to $651.99 billion for the week ended June 28, the Reserve Bank of India (RBI) said on Friday.In the previous reporting week, the overall kitty had dr...
https://www.rediff.com/business/report/indias-forex-reserves-decline-171-bn-to-65199-bn/20240706.htm
This will be the first budget presented by the government led by Prime Minister Narendra Modi in its third term amid high anticipation following President Droupadi Murmu's assertion that it will ...
'The real repo rate is very high in terms of core inflation.'
Godrej Properties (GPL) reported strong pre-sales of Rs 22,500 crore in FY24, up 84 per cent year-on-year (Y-o-Y).The performance was led by new launches, which increased 65 per cent to Rs 23,000...
The Nifty 50 index is poised for a revamp as the revised futures and options (F&O) stock selection criteria is seen paving the way for newly listed companies to join the benchmark index, which is...
Prime Minister Narendra Modi's goal of making India a high-income economy by 2047 is unlikely to be achieved, but the country should become an upper middle-income nation by then, Financial Times ...
The average cost of a vegetarian thali became dearer by 10 per cent in June due to the jump in onion, potato, and tomato prices, a report said on Friday.However, a decline in the broiler price co...
Passenger vehicle retail sales in India witnessed a 7 per cent on-year decline in June as severe heatwave conditions resulted in 15 per cent less showroom walk-ins, industry body FADA said on Fri...
https://www.rediff.com/business/report/auto-pv-sales-in-june-skid-7-on-heatwave-woes/20240705.htm
Among the 30-share Sensex pack, State Bank of India, Reliance Industries, Hindustan Unilever, NTPC, Larsen & Toubro, Nestle India, Power Grid, ITC, JSW Steel and Sun Pharmaceuticals were the majo...
https://www.rediff.com/business/report/sensex-slips-below-80k-nifty-scales-new-high/20240705.htm
It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists.The event marked the start of Buddhadeb Bhattacharjee's second term as chief minist...
Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank...
https://www.rediff.com/business/report/payout-to-top-nbfc-execs-on-rbi-radar/20240705.htm
Ultratech Cement's acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India.The deal will raise Ultratech's ...
Among the Sensex pack, HCL Technologies, ICICI Bank, Tata Motors, Sun Pharmaceuticals, Tata Consultancy Services, Infosys, Kotak Mahindra Bank and Mahindra and Mahindra were the gainers.In contra...
Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pit...
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report.The number is expected to grow rapidly, with promoters establishing more busi...
The bias for the BSE benchmark index, technical charts suggest, is likely to remain bullish as long as the index holds above 75,600 levels for the rest of the year.
https://www.rediff.com/business/report/sensex-to-hit-87000-by-2024-end/20240704.htm
Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across e...
https://www.rediff.com/business/report/housing-sales-hit-11-year-high-knight-frank/20240704.htm
If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.
https://www.rediff.com/business/report/sebi-has-strong-case-against-hindenburg/20240704.htm
LIC Housing Finance (LICHF) delivered a healthy FY24 with improvements in net interest margin (NIM) and credit costs and an improved return on assets of 1.7 per cent compared to an average of 1.3...
ICICI Bank share price hits record high, ICICI Bank m-cap tops $100 billion: Shares of ICICI Bank have been on a steady uptrend, rising 30 per cent over the past one year; not far behind Axis Ban...
https://www.rediff.com/business/report/whats-behind-the-record-rise-of-icici-bank-stock/20240704.htm
Adding petrol and diesel to GST was a challenging task due to their significant role as revenue generators for both the central and state governments.
https://www.rediff.com/business/report/why-petroleum-products-are-not-under-gst/20240704.htm
Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago.Of those...
India's services sector growth quickened in June from May's five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wedn...
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro,...
Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers.Tata Consultancy Services, Sun Pharma, Infosys a...
Food and grocery delivery major Zomato has pulled the plug on its plan to enter the lending business.Zomato Financial Services, a wholly-owned subsidiary of Zomato, has withdrawn its application ...
At nearly 82 per cent of GDP, India's public debt is very high, but the country doesn't face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAE...
Kunal Shah has funded over 266 startups including Razorpay, Snapdeal, Zetwork, BlueSmart, Unacademy, Bliss Club, and Spinny, amongst others.
https://www.rediff.com/business/report/creds-kunal-shah-is-top-startup-founder-investor/20240703.htm
Ten days before Anant Ambani and Radhika Merchant's wedding, Nita and Mukesh Ambani hosted a heartwarming event at the Reliance Corporate Park in Ghansoli, Navi Mumbai.Nitaben and Mukeshbhai host...
https://www.rediff.com/business/report/an-ambani-wedding-with-a-difference/20240703.htm
'The nominal GDP growth assumption for FY25 may be revised upwards on higher growth expectations.'
Updated new base years for national accounts and other macro-indicators are expected to come into effect from January-February 2026, coinciding with the first and second advance estimates of nati...
The gap in demand for electric vehicles between large and mid-sized cities in the country is shrinking and the Tier-II 2 cities are likely to emerge as the next big demand centre for EVs, a repor...
Among the Sensex pack, Kotak Mahindra Bank, Bharti Airtel, IndusInd Bank, Tata Motors, ICICI Bank, Bajaj Finance, State Bank of India and Titan were the biggest laggards.Larsen & Toubro, Infosys,...
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hi...
So far this year, around 839,545 electric vehicles have been sold, accounting for approximately 6.69% of the total 12,541,684 vehicles sold.
https://www.rediff.com/business/report/why-ev-sales-dropped-to-14/20240702.htm
Electrical Consumer Durable (ECD) companies like Havells India have seen strong Q4FY24 sales and continuing seasonal demand across fans, air coolers, and room air conditioners (RAC) in addition t...
Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.
https://www.rediff.com/business/report/promoters-sold-rs-87000-crore-of-shares/20240702.htm
The government-backed Open Network for Digital Commerce (ONDC) is likely to start levying user charges in the current financial year.
US short seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, on Tuesday said it has received a show cause notice from ...
Passenger vehicle sales are expected to experience muted growth in the current financial year.
https://www.rediff.com/business/report/does-no-one-want-to-buy-cars/20240702.htm
Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committe...
The gross GST collection increased 8 per cent to Rs 1.74 lakh crore in June, sources said on Monday.The government, however, has discontinued the official release of monthly GST collection data, ...
https://www.rediff.com/business/report/gst-collection-rises-8-to-rs-174-lakh-cr-in-jun/20240701.htm
The government is expediting visa-related issues to bring technicians to India from any country, not just China, as and when required, to ensure the smooth implementation of the flagship producti...
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country.Overall ...
https://www.rediff.com/business/report/passenger-vehicle-sales-hit-speed-break-in-june/20240701.htm
In March 2021, Ola Electric founder Bhavish Aggarwal was seen surveying an empty 500-acre land surrounded by shoe factories, temples, bakery shops, coconut trees and dusty roads in Pochampalli to...
Benchmark Sensex rose by 443 points to close at a new record high while Nifty settled above the 24,100 mark on Monday on buying in banking and IT shares in line with gains in Asian and European m...
The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are s...
Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.
https://www.rediff.com/business/report/credit-card-payments-will-be-blocked-on-apps/20240701.htm
India's manufacturing sector output increased at a sharp pace in June as new business continued to flow in amid favourable demand conditions and resulted in record upturn in employment, a monthly...
The stock of commercial vehicle (CV) company Ashok Leyland is up 46 per cent in the past three months, gaining despite worries about a slowdown in sales volume.Brokerages have a mixed view on the...
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.''Investors may not want to jump into the markets until there is clarity on this front.'
'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'
https://www.rediff.com/business/report/challa-sreenivasulu-setty-sbis-new-boss/20240701.htm