Ishita Ayan Dutt, Shivani Shinde, Shine Jacob, Deepak Patel, Amritha Pillay

Stories by Ishita Ayan Dutt, Shivani Shinde, Shine Jacob, Deepak Patel, Amritha Pillay

Truck rentals, EV and tractor sales rise in June

Truck rentals, EV and tractor sales rise in June

Rediff.com   5 Jul 2025

Truck rentals saw a positive momentum across most key trunk routes due to an increased pre-kharif agricultural activity and a resilient manufacturing sector. The Kolkata-Guwahati-Kolkata corridor witnessed a month-on-month (M-o-M) rise of 2.4 per cent, while the Mumbai-Chennai-Mumbai route grew by 1.9 per cent and the Delhi-Hyderabad-Delhi route saw a 1.6 per cent increase in truck rentals, said June edition of the Shriram Mobility Bulletin.

Chandra says Tata Steel's UK ops will turn Ebitda-positive this year

Chandra says Tata Steel's UK ops will turn Ebitda-positive this year

Rediff.com   3 Jul 2025

Tata Steel's UK operations, which have largely been a struggle since the acquisition, are expected to turn earnings before interest, tax, depreciation, and amortisation (Ebitda)-positive this financial year (2025-26/FY26) and possibly profitable by the next. Responding to shareholder queries at Tata Steel's annual general meeting, Tata group chairman N Chandrasekaran said, "We expect the UK to perform much better this year compared to last year - it will definitely be Ebitda-positive."

Why Is Foxconn Pulling Staff From India?

Why Is Foxconn Pulling Staff From India?

Rediff.com   3 Jul 2025

The Foxconn move may have been prompted by the Chinese government's focus on strengthening its supply chain.

'Keeladi Could Be Older Than Indus Valley'

'Keeladi Could Be Older Than Indus Valley'

Rediff.com   3 Jul 2025

'There is no doubt about the antiquity of Tamil Nadu.'

Apollo eyes 20-23% growth in new co; says restructuring to unlock value

Apollo eyes 20-23% growth in new co; says restructuring to unlock value

Rediff.com   2 Jul 2025

Apollo Hospitals Enterprise Ltd (AHEL) on Tuesday said its ongoing restructuring aims to unlock the value of its omni-channel pharmacy and digital businesses, while enhancing shareholder returns. The newly-formed entity is expected to achieve a year-on-year growth rate of 22-23 per cent, driven by the e-pharmacy segment and other business verticals, with a revenue target of Rs 25,000 crore by the financial year 2027.

The Jet Set Prefers Luxury Electric Cars

The Jet Set Prefers Luxury Electric Cars

Rediff.com   1 Jul 2025

The share of EVs in the luxury segment rose from 7 per cent in January-May 2024 to 11 per cent during the same period in 2025, marking a 66 per cent growth in the electric luxury segment.

How Infosys Plans To Become AI-First Company

How Infosys Plans To Become AI-First Company

Rediff.com   1 Jul 2025

'We have been following the micro-change philosophy, where every six weeks we implement these AI features into our internal systems, products, platforms and then release it to our employees.'

Akasa Air's net loss widens to 1,983 crore in FY25 as costs, delays rise

Akasa Air's net loss widens to 1,983 crore in FY25 as costs, delays rise

Rediff.com   1 Jul 2025

Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.

Tagore Letters Fetch Rs 5.9 Cr

Tagore Letters Fetch Rs 5.9 Cr

Rediff.com   30 Jun 2025

'Most of Tagore's important correspondence is held in institutional archives. So offerings like this in the public domain are few and far between.'

Welfare over sops for industry: Mamata digs in ahead of polls

Welfare over sops for industry: Mamata digs in ahead of polls

Rediff.com   26 Jun 2025

'The chief minister believes the poorest of the poor have the first right on government resources.'

Indian carriers hit by Iran-led airspace closures after US base strike

Indian carriers hit by Iran-led airspace closures after US base strike

Rediff.com   25 Jun 2025

Indian carriers are grappling with severe operational disruptions after Iran launched missile strikes on the US military base in Qatar late Monday. This led to airspace closures for long hours in parts of West Asia. Iran, Qatar, the UAE, Bahrain, and Kuwait shut down their skies following the attack, forcing airlines to cancel, divert, or delay flights through these vital corridors.

Rare Earth Magnet Shortage: Will China Play Ball?

Rare Earth Magnet Shortage: Will China Play Ball?

Rediff.com   25 Jun 2025

The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.

EB-5 Visa Becoming Preferred Choice For US Migration

EB-5 Visa Becoming Preferred Choice For US Migration

Rediff.com   24 Jun 2025

With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US.

ISRO Transfers SSLV Tech To HAL

ISRO Transfers SSLV Tech To HAL

Rediff.com   21 Jun 2025

State-run Hindustan Aeronautics Limited has won a bid under which it will receive technology from the Indian Space Research Organisation for the end-to-end commercial production of the Small Satellite Launch Vehicle (SSLV), a first for the industry as India seeks to become a global hub for small satellite manufacturing and launches.

'We Were There At Every Crew Funeral': AI CEO

'We Were There At Every Crew Funeral': AI CEO

Rediff.com   21 Jun 2025

'We will continue supporting those affected long after the work in Ahmedabad is done.'

Crash Puts Spotlight On DGCA Warnings To Air India

Crash Puts Spotlight On DGCA Warnings To Air India

Rediff.com   20 Jun 2025

The DGCA has issued multiple fines and warnings to Air India over the past three years, flagging serious concerns in flight operations, cockpit discipline, and internal accountability.

India Eyes Key Rare Earths Amid China Worry

India Eyes Key Rare Earths Amid China Worry

Rediff.com   19 Jun 2025

Dysprosium and terbium, two heavy rare earth elements with unique properties, are not available in extractable quantities in India.

'If The Checks Find Anything Even Slightly Off...'

'If The Checks Find Anything Even Slightly Off...'

Rediff.com   18 Jun 2025

'...rectification has to happen then and there, and that takes additional time.'

WhatsApp brings ads to Channels, Status features

WhatsApp brings ads to Channels, Status features

Rediff.com   17 Jun 2025

After the success of bringing businesses to WhatsApp, Meta - its parent - is now introducing ads and subscriptions to Status and Channels under the Updates tab of the messaging app, the company said on Monday. This move will further push its monetisation efforts on WhatsApp.

'This Year, We Will Commence Full Refit Of B787s'

'This Year, We Will Commence Full Refit Of B787s'

Rediff.com   16 Jun 2025

'That refresh programme -- because they are big aircraft and we cannot ground them all at the same time -- will last well into 2027.'