In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, spe...
https://www.rediff.com/business/report/auto-tesla-begins-formal-talks-with-govt/20240419.htm
A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years.The Enforcement ...
https://www.rediff.com/business/report/rana-kapoor-to-walk-out-of-jail-after-four-years/20240419.htm
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic e...
From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers.Nestle India, HCL Technolo...
Ekagrah Rohan Murty, NR Narayana Murthy's five-month-old grandson who was gifted a whopping 15 lakh shares by the Infosys founder recently, is set to earn Rs 4.20 crore, thanks to the Bengaluru-I...
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market.Historical quarterly data from listed companies (excluding banks, finance and i...
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated.This coincides with the ...
A higher-than-expected consumer price inflation (CPI) print for March in the US has dashed hopes of an interest rate cut by the US Federal Reserve (US Fed) in June.Analysts now expect the US cent...
Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18,000 crore follow-on offering (FPO) opened to a modest response on Thursday with just 26 per cent of shares on offer being sought by investo...
IT company Infosys on Thursday said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the fourth quarter ended March 2024.The company posted a profit of Rs 6,128 crore in the same p...
After the National Stock Exchange (NSE), rival bourse BSE on Thursday cautioned investors against deepfake videos of its MD and CEO Sundararaman Ramamurthy giving stock recommendations.In a state...
https://www.rediff.com/business/report/stock-advice-bse-warns-against-deepfake-videos/20240418.htm
The National Highways Authority of India (NHAI) is looking to monetise 33 stretches of national highways during the current financial year (FY25) through its toll operate transfer (TOT) and infra...
https://www.rediff.com/business/report/in-fy25-nhai-to-monetise-2741-km-roads/20240418.htm
Titan Company, Axis Bank, NTPC, Tata Motors, ITC, Tech Mahindra, Bajaj Finserv, ICICI Bank, HDFC Bank and Bajaj Finance were the other laggards.Bharti Airtel, Power Grid, Infosys and Larsen & Tou...
https://www.rediff.com/business/report/sensex-tanks-455-points-dragged-by-bank-stocks/20240418.htm
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals.Sources...
https://www.rediff.com/business/report/new-govt-may-kick-off-pesticide-seed-reforms/20240418.htm
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said.In January, officials of the Ministry of Petroleum and Natural Gas ...
With US-based electric vehicle (EV) maker Tesla scouting for a suitable location for its foray in India, Rajasthan has joined the fray with a host of offers to woo the Elon Musk-led company. Othe...
Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse ...
Its 11MFY24 production is around 40.2 mt. In FY25, it could hit 50 mt and it may reach 55 mt by FY26.The PSU has capex plans for multiple projects, which should improve the product mix and augmen...
Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged.The development also saw airfares surge by around 25 per cent on select rout...
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.
https://www.rediff.com/business/report/why-4500-indian-it-leaders-moved-on/20240418.htm
HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully ...
Many individual states experienced higher inflation than the all-India figures during the financial year 2023-24 (FY24).Retail inflation figures in Telangana, Haryana, Rajasthan and Dadra and Nag...
World Bank president Ajay Banga is among the Indians who have made it to the prestigious Times's list of 100 most influential people in the world released on Wednesday.Time's profile of the forme...
https://www.rediff.com/business/report/in-times-100-most-influential-people-list/20240417.htm
The aggregate value of private equity (PE) deals in Indian real estate has declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) as compared to $5.1 billion in FY20, according to a report...
India is far behind global competitors such as Vietnam, Taiwan, and Mexico in increasing electronics exports to the US by making the most of Washington's tariff action against China.In 2018, the ...
Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domest...
With high credit growth and healthy asset quality, listed commercial banks are expected to report steady growth in earnings during the fourth quarter ended March 2024 (Q4 FY24).Profits are expect...
India is not reaping the benefits of demographic dividends, former RBI governor Raghuram Rajan said on Tuesday, emphasising that there is a need to focus on improving the human capital and enhanc...
https://www.rediff.com/business/report/raghuram-rajan-on-how-india-can-create-more-jobs/20240417.htm
Even as Srini Pallia, a Wipro veteran, is set to take charge as the chief executive officer (CEO) of the company, analysts expect the stock's underperformance to continue in the near-future.This,...
For the smart phone industry, it has been a lacklustre quarter of CY2024, with sales falling by 3-4 per cent over the same period last year, according to Counterpoint Research projections.However...
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Is...
From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards.Titan ...
https://www.rediff.com/business/report/heavy-selling-in-it-stocks-drags-markets-down/20240416.htm
The brokerage earnings estimate for the January-March 2024 quarter (Q4FY24) for Nifty 50 companies hints at a slowdown in corporate profit growth while revenue increase is likely to be in low sin...
'Which is growing fast and where we are very strongly positioned.'
Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24.Expectations of a bumper rabi crop harvest have helped turn the tide.The ...
India's merchandise exports dipped marginally in March to $41.69 billion, and by 3.11 per cent during the last fiscal year to $437.06 billion mainly due to continued geopolitical turmoil, and dep...
Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets within 6-9 months of raising fresh capital.Its chief exe...
https://www.rediff.com/business/report/vi-expects-5g-rollout-in-6-9-months-after-fpo/20240415.htm
Arjun Mohan, CEO of India operations of Think and Learn, which owns Byju's brand, has resigned from the beleaguered firm, which on Monday also announced a business rejig consolidating its operati...
From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.
Wholesale inflation in the country rose marginally to 0.53 per cent in March compared to 0.20 per cent in the preceding month due to increase in prices of vegetables, potato, onion and crude oil....
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat.Prime Minister Narendra Modi on Sunda...
https://www.rediff.com/business/report/modi-promises-30-mn-lakhpati-didis--higher-msp/20240415.htm
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's
robust automobile ecosystem and Telangana's aggressive incentives make
them strong contenders.'
https://www.rediff.com/business/report/wooing-tesla-4-states-pull-out-all-stops/20240415.htm
For the first time in 19 years, Tata Consultancy Services reported a fall in the net headcount for a financial year, witnessing its total employee base shrinking to 601,546 at the end of FY24.On ...
The Bharatiya Janata Party (BJP) led central government will use the unorganised workers database - e-Shram portal - to provide the benefits of various government programmes to the nearly 300 mil...
Foreign portfolio investors (FPIs) were sellers of fast-moving consumer goods (FMCG), automotive (auto), and financial stocks during the second half of March.FMCG stocks saw selling worth Rs 4,93...
https://www.rediff.com/business/report/fpis-jettison-fmcg-auto-shares-in-march-voyage/20240415.htm
The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for ...
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said.Stock markets will remain closed on Wedn...
https://www.rediff.com/business/report/how-will-the-markets-fare-this-week/20240414.htm
India has managed to move a smaller share of its working-age population away from farm-related work than many of its neighbours.Bangladesh, Bhutan, Sri Lanka and Nepal managed to shift a bigger s...
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
Profits of India's top listed companies have been growing at a faster pace than those of their American peers, but when it comes to revenue growth, the order has reversed recently.The combined ne...
India's forex reserves jumped by $2.98 billion to a fresh peak of $648.56 billion for the week ended April 5, the RBI said on Friday.In the previous reporting week, the forex kitty had increased ...
India's industrial production growth accelerated to a four-month high of 5.7 per cent in February 2024, mainly due to the good performance of the mining sector, according to official data release...
https://www.rediff.com/business/report/iip-grows-to-4-month-high-of-57-in-feb/20240412.htm
Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, inching towards the Reserve Bank's target of 4 per cent, according to official data rele...
Tata Consultancy Services (TCS) on Friday reported a 9 per cent growth in net profit at Rs 12,434 crore in January-March quarter of FY24, helped by improved margin and strong performance of its I...
https://www.rediff.com/business/report/tech-tcs-q4-net-profit-rises-9-to-rs-12434-crore/20240412.htm
From the Sensex basket, Sun Pharma, Maruti, Power Grid, Titan, JSW Steel, Tech Mahindra, Larsen & Toubro and State Bank of India were the major laggards.Tata Motors, Tata Consultancy Services and...
https://www.rediff.com/business/report/markets-tank-1-sensex-ends-down-793-points/20240412.htm
Nearly one in two luxury cars sold in India in the first three months of 2024 was a Mercedes Benz, which achieved its best ever quarter (January-March), selling 5,412 units, up 15 per cent year-o...
Passenger vehicle wholesales in India touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent on the back of robust demand for ut...
Fast-moving consumer goods (FMCG) companies anticipate sustained volume pressures in the January-March quarter (Q4) coupled with sluggish rural growth during the period.Brokerages estimate top-li...
https://www.rediff.com/business/report/fmcg-cos-to-face-volume-pressure-in-q4/20240412.htm
Shares of Avenue Supermarts, which owns and operates the DMart stores, hit a two-year high of Rs 4,710.15 as they surged nearly 6 per cent on the BSE in Thursday's (April 4) intraday trade after ...
Coal India (CIL) produced 89 million tonnes (MT) in March-24, up 6 per cent year on year (Y-o-Y) and offtake was 69 MT, up 7 per cent Y-o-Y. FY24 production was 774 MT, up 10 per cent Y-o-Y.Offta...
Since the last nine years, gold investors have made money each year, while gains in silver have been consistent only in the last five years.
https://www.rediff.com/business/report/gold-silver-may-sparkle-this-financial-year/20240412.htm
Government departments have been tasked with identifying major goals, which will include annual targets from the financial year 2024-2025 to 2028-2029.
https://www.rediff.com/business/report/officials-prepare-for-modi-30/20240412.htm
With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sal...
The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under th...
https://www.rediff.com/business/report/auto-11-ev-makers-get-emps-nod/20240411.htm
Smallcap mutual funds recorded net outflows for the first time in 30 months in March as investors pulled out money after the markets regulator, the Securities and Exchange Board of India (Sebi), ...
https://www.rediff.com/business/report/smallcap-mfs-see-1st-net-outflows-in-30-mths/20240411.htm
After facing significant flight disruptions recently, Vistara CEO Vinod Kannan on Thursday told the airline staff that the "worst is behind us" and operations have already stabilised.Pilot woes h...
Bandhan Bank's managing director (MD) and chief executive officer (CEO) Chandra Shekhar Ghosh (pictured), who has decided to step down, on Wednesday said the bank will need at least three months ...
Banks are preferring instruments with higher premium over government securities for their held-till-maturity (HTM) portfolio, following the new investment norms, which came into effect from April...
Airfares on major domestic routes such as Kolkata-Bagdogra, Delhi-Bengaluru, and Delhi-Mumbai have witnessed an increase of up to 12.7 per cent year-on-year (Y-o-Y) in May this year, according to...
Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary tr...
https://www.rediff.com/business/report/fx-derivatives-mkt-in-a-fix-before-new-rbi-rules/20240411.htm
Defence exports grew 33 per cent in the calendar year 2023 (CY23) to around Rs 21,083 crore while domestic defence orders serviced by listed companies were Rs 48,000 crore.The sector is poised fo...
Glimpses from the Watches and Wonders exhibition in Geneva, Switzerland, which begain on April 9 and will continue till April 15.
https://www.rediff.com/business/report/the-mesmerizing-watches-of-geneva/20240411.htm
Fundraising via the initial public offering (IPO) route by companies may touch Rs 1 trillion in financial year 2024-25 (FY25), according to a recent note by Pantomath Group - a mid-market investm...
'Exposure to small and midcap stocks exceeded desired levels in many portfolios, prompting rebalancing.'
Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment.Data from Capitaline shows t...
https://www.rediff.com/business/report/mfs-own-larger-slice-of-small-and-midcap-stocks/20240410.htm
From the Sensex basket, ITC, Kotak Mahindra Bank, Bharti Airtel, State Bank of India, Asian Paints, Tech Mahindra, Reliance Industries and Nestle were the major gainers.Maruti, HDFC Bank, Larsen ...
https://www.rediff.com/business/report/sensex-closes-above-75000-for-the-first-time/20240410.htm
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company.That is clearly meant...
Indian Railways has managed to improve its freight volumes each year since the pandemic.However, its inability to add new industries and goods will pose a challenge for the national transporter i...
Sir Osborne Smith was the first governor of the Reserve Bank, serving from April 1, 1935, to June 30, 1937.
https://www.rediff.com/business/special/reserve-bank-of-india-s-90-year-journey/20240410.htm
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-te...
'Our objective is to reach a localisation rate of 50% in the span of five years.'
Eighty per cent, or 60 of the 75 companies that made their debut on the mainboard this financial year, ended their listing day with gains.
https://www.rediff.com/business/report/fy24-a-rewarding-year-for-ipo-investors/20240410.htm
Mobile wallet adoption is surging in India and swiftly becoming a primary payment option, surpassing traditional methods like cash and cards.Over the next few years, payments via mobile wallets i...
It added that in the last four years, the number of CEOs earning more than Rs 20 crore has doubled.The survey titled 'Deloitte India Executive Performance and Rewards Survey 2024', based on the a...
https://www.rediff.com/business/report/ceo-compensation-grew-40-in-4-years/20240409.htm
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday.Chawla's resignation comes amidst Paytm Payments Ban...
From the Sensex basket, Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro and ITC were the major laggards.ICICI Bank, Infosys, Bajaj Finserv, Tata St...
https://www.rediff.com/business/report/how-the-markets-fared-on-april9/20240409.htm
Led by Ola Electric, which registered an industry record of 53,186 vehicles in March, electric two-wheeler (e2W) penetration hit a record at 8.91 per cent - the highest ever for a month (based on...
The private sector's new project announcements in the quarter ending March were among the highest on record.The value of new private sector project announcements for the three months ending March...
The hospitality industry has seen plenty of interest since the catastrophic impact of the pandemic, which led to losses in FY21.The hotel industry market cap has more than tripled since 2019 on t...
Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues.The upcoming Lok Sabha elections back home and the interest ra...
Frequent weather shocks caused by climate change pose challenges for the monetary policy as well as downside risks to economic growth, a Reserve Bank report said.Global average temperatures are o...
The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipr...
Wipro has once again chosen to bet on an insider who has grown through the ranks to lead the company.Srini Pallia has spent over three-decades at Wipro and it's the only company he has ever worke...
From the Sensex basket, Maruti, Mahindra & Mahindra, NTPC, JSW Steel, Larsen & Toubro, Reliance Industries, Axis Bank, and Power Grid were the major gainers.Nestle, Wipro, Tata Consultancy Servic...
https://www.rediff.com/business/report/sensex-nifty-hit-fresh-peaks-on-firm-global-cues/20240408.htm
Sebi has barred Ravindra Bharti Education Institute, co-founded by finfluencer and YouTuber Ravindra Balu Bharti, from the securities market and directed to deposit Rs 12 crore "unlawful gain" ea...
The number of dematerialised (demat) accounts - required to hold shares and other securities in electronics format - crossed the 150-million mark for the first time in March.In March, 3.12 millio...
Despite all the noise around India's chance to leverage the China-plus one strategy, India's share of global foreign direct investment (FDI) inflows fell from 3.5 per cent in the first nine month...
https://www.rediff.com/business/report/in-fdi-chinas-loss-is-not-indias-gain/20240408.htm
Shares of Avenue Supermarts (DMart) have rallied 15 per cent in the past month, even as the benchmark National Stock Exchange Nifty has remained flat.The stock has garnered favourable commentary ...
From the Sensex basket, Mahindra & Mahindra, Maruti, Tata Steel, Bajaj Finserv, Power Grid, Reliance Industries, Axis Bank and JSW Steel were the major gainers.Wipro, Nestle, HDFC Bank and Bajaj ...
Equity trading volumes, both in the cash and derivatives segments, dropped in March amid wild swings in stock prices.The average daily trading volume for the cash segment (National Stock Exchange...
'The Indian retail landscape is poised for a significant shift with the anticipated arrival of several prominent international luxury fashion brands in 2024.'
https://www.rediff.com/business/report/25-global-brands-coming-to-india/20240408.htm
Why is the RBI harsh on Paytm Payments Bank?Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since th...
https://www.rediff.com/business/column/tamal-bandyopadhyay-the-rbi-way-of-firefighting/20240408.htm
Facing disruptions due to non-availability of crew, Vistara on Sunday announced reducing 10 per cent of its capacity or 25-30 flights daily and most of the cancellations are in the domestic netwo...
Adani Green Energy Limited is developing 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over area of 538 sq km after which the project would be the planet's largest pow...
Small and midcap schemes may impose restrictions on redemptions, cap employee withdrawals, and increase the exit load, while ensuring a proportionate liquidation of the portfolio during market cr...
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said.Equity markets wi...
https://www.rediff.com/business/report/how-the-markets-will-fare-this-week/20240407.htm
Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately.Wipro's Board noted the...
Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs.The big dr...
'Despite the animosity shown by some of the investors in pursuing uncalled for legal actions, we continue to show good faith towards all our shareholders.'
India's foreign exchange reserves increased $2.95 billion to $645.58 billion for the week ended March 29, the Reserve Bank of India (RBI) said on Friday.This is the sixth consecutive week of a ju...
Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation.Ghosh would retire from the services of the bank as MD ...
ZEE Entertainment Enterprises Ltd on Friday said its MD & CEO Punit Goenka has initiated a process of rationalisation of workforce by 15 per cent to prune staff strength across the company.In a r...
https://www.rediff.com/business/report/punit-goenka-keen-to-prune-zee-workforce-by-15/20240405.htm
Among the Sensex constituents, 18 stocks closed in negative with UltraTech Cement, L&T, Bharti Airtel, Bajaj Finance and Tech Mahindra being major laggards.Other heavyweights like Asian Paints, M...
Ahead of the seven-phase Lok Sabha elections, keeping food prices under check has emerged as one of the topmost priorities for the government.Food prices would likely have a bearing on the prefer...
Describing their situation akin to "bonded labour", two Air India pilot unions extended their support to Vistara pilots on Thursday, who have raised grievances regarding the duty roster and the r...
Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing to clock Rs 100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informe...
The Reserve Bank on Friday retained inflation projection at 4.5 per cent for the current financial year, lower than 5.4 per cent in the last fiscal.Assuming a normal monsoon this year, CPI (consu...
https://www.rediff.com/business/report/rbi-pegs-inflation-at-45-for-fy25/20240405.htm
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
https://www.rediff.com/business/special/will-ev-policy-lure-tesla/20240405.htm
The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24.In its February monetary policy, the RBI...
https://www.rediff.com/business/report/rbi-retains-7-growth-forecast-for-fy25/20240405.htm
'Rather than taking a very short-term view on the markets, equity investing should be premised on longer term growth opportunities.'
The Reserve Bank of India on Friday decided to keep policy rate unchanged for the seventh time in a row and said that it remains vigilant towards upside risks to food inflation.The rate increase ...
The government has been stringent with pricing changes.Prices of 651 essential medicines came down from April 1, 2023 by 6.73 per cent with the government capping ceiling prices of these drugs.
https://www.rediff.com/business/report/why-drug-prices-wont-increase-this-year/20240405.htm
High pilot utilisation, combined with a portion of pilots taking sick leave at the end of March has resulted in the cancellations during the last couple of days, chief executive officer (CEO) of ...
India's services sector witnessed one of the strongest growth rates in over 13-and-a-half years in March on the back of strong demand that spurred sales and business activity, a monthly survey sa...
Among the Sensex constituents, 20 stocks ended the session in green with HDFC Bank, Titan, Tech Mahindra, and Asian Paints being the major gainers.TCS, Maruti, Kotak Mahindra Bank and Bajaj Finse...
https://www.rediff.com/business/report/sensex-nifty-hit-record-highs-as-hdfc-tcs--rise/20240404.htm
The spot airfares on major routes, where Vistara cancelled flights on Tuesday, have surged by up to 38 per cent, according to data provided by Cleartrip.The spot airfares for Tuesday were compare...
The Big Four accounting firms have increased the hiring of people from technology backgrounds in India amid an increased focus of clients on digital transformation, especially after the Covid-19 ...
https://www.rediff.com/business/report/tech-big-four-bet-on-employees-with-tech-skill/20240404.htm
Net inflows were $18.4 billion for the rolling 12-month period ended January 2024 compared to $32.7 billion for the rolling 12-month period ended January 2023.
https://www.rediff.com/business/report/fdi-declines-from-pandemic-highs/20240404.htm
Oil-to-telecom conglomerate Reliance Industries Ltd head Mukesh Ambani continues to be the richest Indian and has now broken into the world's top 10 wealthiest persons in the latest Forbes 2024 B...
Among the Sensex constituents, as many as 16 stocks closed with losses with Nestle India, Kotak Mahindra Bank, IndusInd Bank, Bajaj Finserve, Titan and JSW Steel being the major laggards.Index ma...
https://www.rediff.com/business/report/profit-booking-drags-sensex-nifty-down/20240403.htm
As India's electricity demand soars, the power ministry on Tuesday reviewed the power supply situation to ensure 'zero load shedding' during the summer months.The ministry has drafted plans rangi...
https://www.rediff.com/business/report/govt-targets-zero-load-shedding-this-summer/20240403.htm
Rekha Jhunjhunwala's net worth has increased by more than 7 per cent, or Rs 2,865 crore, compared to less than 1 per cent rise in the BSE Sensex.
https://www.rediff.com/business/report/rekha-jhunjhunwalas-wealth-grew-by/20240403.htm
The National Stock Exchange (NSE) on Tuesday said it has halved the lot size for trading derivatives contracts for the Nifty 50 index to 25 and also reduced the lot sizes of the Nifty Financial S...
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months.The management has reaffirmed that growth would be in double digits over the coming two fis...
https://www.rediff.com/business/report/strong-outlook-to-support-cummins-india-stock/20240403.htm
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24).During the period, 76 Indian corporates raised Rs 61,915 crore through main bo...
https://www.rediff.com/business/report/ipo-mop-up-rises-20-to-rs-62000-cr-in-fy24/20240403.htm
Mutual fund bets in their own schemes are nearing the Rs 1 trillion mark.The total value of sponsor and associate investments across all categories of schemes touched Rs 95,058 crore in February,...
https://www.rediff.com/business/report/sponsor-mf-contributions-near-rs-1-trn/20240403.htm
'More than investors, fund houses, and advisors have raised caution and limited flows on small-and mid-caps.'
Breeders and importers of exotic dogs worried; animal rights activists say the industry needs to be tamed.
https://www.rediff.com/business/report/dog-ban-takes-toll-on-business/20240403.htm
'Every hospital now tracks length of stay closely.''More efficiency is brought into the system now.'
https://www.rediff.com/business/report/why-hospital-stays-are-getting-shorter/20240403.htm
From the Sensex basket, Kotak Mahindra Bank, HCL Technologies, ICICI Bank, Infosys, Tata Consultancy Services, Wipro, Tech Mahindra and Larsen & Toubro were the major laggards.Mahindra & Mahindra...
Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024.Investments via PE deals are down 47 per cent compared to FY23, when ...
https://www.rediff.com/business/report/pe-investments-plummet-to-6-year-low-in-fy24/20240402.htm
Discount retailer DMart (Avenue Supermarts) hit its highest levels in a year and a half last week and is up over 11 per cent in the last one month.The company depends on low operating costs to of...
Hong Kong has regained its spot as the world's fourth-largest market following a broad market rout in Indian equities.Currently, the Chinese territory's market capitalisation stands at $4.9 trill...
India's manufacturing sector growth climbed to a 16-year high in March on the back of the strongest increase in output and new orders since October 2020, amid reports of buoyant demand conditions...
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
https://www.rediff.com/business/column/akhil-gupta-indias-startup-scorecard/20240402.htm
The initial public offerings (IPOs) by small and medium enterprises (SMEs) hit a new high in 2023-2024 (FY24).In this financial year, data from the Prime Database showed that 190 companies raised...
A potential risk to the rupee's appreciation trajectory lies in the event of a delay in the Federal Reserve's rate cut cycle, particularly if core inflation in the US remains elevated.
https://www.rediff.com/business/report/rupee-rebound-expected-in-april-june/20240402.htm
The new excise policy, introduced in Delhi in November 2021, made sweeping changes to the city's liquor trade.
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal again...
Investors' wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday.Extending its winning momentu...
GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday.The gross GST collection for the last fiscal (April 2023-Ma...
https://www.rediff.com/business/report/govt-collected-rs-2014-lakh-crore-gst-in-fy24/20240401.htm
From the Sensex basket, JSW Steel, Tata Steel, UltraTech Cement, NTPC, Larsen & Toubro and HDFC Bank were the major gainers.Titan, Nestle, Bharti Airtel and IndusInd Bank were among the laggards.
https://www.rediff.com/business/report/stock-markets-begin-new-fiscal-on-bullish-note/20240401.htm
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector.Sanofi's partnership...
https://www.rediff.com/business/report/mncs-look-towards-india-for-a-booster-dose/20240401.htm
A Rs 7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zo...
Mergers and acquisitions (M&As) in India have moved into the slow lane, dropping 43 per cent in terms of deal value to touch $13.37 billion since January this year to date, compared to the same p...
https://www.rediff.com/business/report/ma-activity-in-slow-lane-deal-value-down-43/20240401.htm
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions.The rally in the scrip has ...
Wealth, which can broadly be a measure of assets held as opposed to income earned, is unequally distributed.
https://www.rediff.com/business/report/top-1-indians-earn-23-of-income/20240401.htm
Bajaj Auto, India's leading two-wheeler (2W) and three-wheeler (3W) maker, is scaling up its wholly owned finance subsidiary, Bajaj Auto Credit Ltd (BACL), with an investment of more than Rs 3,00...
'We expect the bull-market phase to still persist, but now led by
large-caps which offer better valuation and benefit from FII
inflows.'
'We expect continued pressure on midcaps, but any sharp...
https://www.rediff.com/business/report/fall-2024-may-not-be-a-repeat-of-2018/20240401.htm