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Adani stocks: Rs 1.59 trn market-cap wiped out

Adani stocks: Rs 1.59 trn market-cap wiped out

Rediff.com18 Jun 2021

Shares of the six listed Adani group stocks tumbled for the fourth day on Thursday, resulting in Rs 1.59 trillion market cap loss this week. Adani Power, Adani Total Gas and Adani Transmission hit their 5 per cent lower trading limit for a fourth straight day.

India tops ransomware attacks globally

India tops ransomware attacks globally

Rediff.com2 Jun 2021

About 67 per cent of Indian organisations whose data was encrypted paid a ransom to get back their data-a slight increase on the previous year when 66 per cent paid a ransom. In fact, Indian entities were the most likely to pay a ransom of all countries surveyed: the global average was just under a third (32 per cent). These were the findings of the global survey 'The State of Ransomware 2021' conducted by cybersecurity firm Sophos. The survey findings further stated that the total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021 globally.

Bombay HC stays investigation against Indiabulls Housing

Bombay HC stays investigation against Indiabulls Housing

Rediff.com29 Apr 2021

In its order, the court cast serious doubts on the bonafides of the complainant - Ashutosh Kamble, a shareholder of the company.

Adani inks JV with EdgeConnex for data centre business

Adani inks JV with EdgeConnex for data centre business

Rediff.com24 Feb 2021

Adani Enterprises, the flagship company of the Adani group, on Monday said it had entered into a 50:50 joint venture (JV) with EdgeConnex, a leading global data centre operator, to develop and operate data centres across India. The idea behind the JV, AdaniConneX, was to leverage the two partners' complementary expertise and capabilities, it said. In addition to full-scale data centres, AdaniConneX will also develop a portfolio of Edge data centres strategically located across the country to address the need for more proximate capacity.

Budget 2021: Bad bank will be a win-win for lenders

Budget 2021: Bad bank will be a win-win for lenders

Rediff.com3 Feb 2021

All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.

SEE; Mumbai-Ahmedabad bullet train

SEE; Mumbai-Ahmedabad bullet train

Rediff.com21 Dec 2020

'Once finished, the project will reduce the travel time between Mumbai and Ahmedabad to just over two hours.'

Wipro's share buyback decision on Oct 13 board meeting

Wipro's share buyback decision on Oct 13 board meeting

Rediff.com9 Oct 2020

The company, which in the previous quarter announced former Capgemini top executive Thierry Delaporte as its new chief executive officer and managing director, is looking at improving its performance in coming quarters.

Vodafone Idea hints at raising tariffs

Vodafone Idea hints at raising tariffs

Rediff.com8 Sep 2020

The two independent brands Vodafone and Idea will be phased out, and the legacy of the two companies will reflect in the common brand -- Vi.

Revealed: Why Urjit Patel quit as RBI governor

Revealed: Why Urjit Patel quit as RBI governor

Rediff.com25 Jul 2020

Patel, who headed the RBI from September 2016 till his sudden resignation in December 2018, says in his book thta the government seemed to lose enthusiasm for the new bankruptcy law in the middle of the year he left the central bank. Though Patel does not name anybody in the book, the mid-2018 period he refers to is the time when Piyush Goyal held temporary charge of the finance ministry between May and August.

Facebook, Saregama ink global licensing deal

Facebook, Saregama ink global licensing deal

Rediff.com4 Jun 2020

This partnership will allow users to choose from a wide variety of music to add to their social experiences such as videos, stories via music stickers and other creative content.

Coronavirus: How India Inc is tackling the crisis

Coronavirus: How India Inc is tackling the crisis

Rediff.com5 Mar 2020

Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.

'Land acquisition law in 2013 went too far'

'Land acquisition law in 2013 went too far'

Rediff.com14 Feb 2020

In his book, Backstage: The Story Behind India's High Growth Years, Montek Singh Ahluwalia accepted the Act "increased the cost of land to financially unsustainable levels ... and made it easier for anyone who wants to stop a project to use the various consultative processes required under the law to delay matters".

Andhra eases healthcare norms, car-owners eligible

Andhra eases healthcare norms, car-owners eligible

Rediff.com16 Nov 2019

Since the state government has now completely done away with the BPL criteria, more than 90 per cent of families in Andhra Pradesh can now avail of the scheme.

Article 370 scrapped: India Inc are now bullish on J&K

Article 370 scrapped: India Inc are now bullish on J&K

Rediff.com7 Aug 2019

Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.

Another family feud breaks open and this time in the Godrej family

Another family feud breaks open and this time in the Godrej family

Rediff.com28 Jun 2019

At the heart of the disagreement is a 1,000-acre land parcel, part of the 3,400 acres owned by the family in Vikhroli, a northeastern suburb of Mumbai.

Indian pharma exports report double-digit growth after 3 yrs

Indian pharma exports report double-digit growth after 3 yrs

Rediff.com3 May 2019

The only category of pharmaceuticals that showed a negative growth in exports this time was herbal products, exports of which stood at $299 million as compared to $ 312 million in the previous year.

Closure of Pak airspace has hit Air India hard

Closure of Pak airspace has hit Air India hard

Rediff.com8 Mar 2019

This closure has led to increase in flight duration and has put a strain on Mumbai's air traffic controllers, who are working extra shifts to handle the increase in traffic.

India needs 100 million new jobs by 2026: PwC

India needs 100 million new jobs by 2026: PwC

Rediff.com1 Nov 2018

Eighty per cent of the new employment requirements over the next decade would arise in the 10 states - Uttar Pradesh (UP), Madhya Pradesh, Chhattisgarh, Rajasthan, Jharkhand, Maharashtra, Odisha, West Bengal, Bihar and Assam - that account for 62 per cent of our population.

Differences surface over Kochhar's re-appointment at ICICI Securities

Differences surface over Kochhar's re-appointment at ICICI Securities

Rediff.com24 Aug 2018

Institutional Investor Advisory Services had recommended investors to vote 'against' the proposal, while Stakeholders Empowerment Services asked investors to vote 'for' the proposal.

Urjit Patel on why RBI decided to hike repo rate after 4 years

Urjit Patel on why RBI decided to hike repo rate after 4 years

Rediff.com7 Jun 2018

Governor Urjit Patel and his deputies spoke to the media about the central bank's decision to raise the repo rate.

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