Sachin P Mampatta &Amp;Amp; Neha Alawadhi

Stories by Sachin P Mampatta &Amp;Amp; Neha Alawadhi

Are signs of economic green shoots really visible?

Are signs of economic green shoots really visible?

Rediff.com   29 Jul 2020

Mumbai traffic, mobile internet speeds, and grocery and pharmacy visits are all showing lower numbers for the latest week.

Number of wilful defaulters was on rise even before lockdown

Number of wilful defaulters was on rise even before lockdown

Rediff.com   15 Jul 2020

Lenders had filed 1,251 cases to recover Rs 24,765.5 crore. Wilful defaulters are the entities that do not pay back money despite the ability to do so. Defaulters above Rs 1 crore were considered for this exercise.

Now e-commerce firms are roped in to create Aatmanirbhar Bharat

Now e-commerce firms are roped in to create Aatmanirbhar Bharat

Rediff.com   24 Jun 2020

Govt's e-commerce portal asks sellers to specify country origin of products. Now, the commerce & industry ministry has mandated that the Government e-Marketplace, which has seen Rs 55,048 crore worth of transactions till now, adopt this approach in the interest of creating an 'Aatmanirbhar Bharat'.

Campaign to boycott China-linked apps picks up speed

Campaign to boycott China-linked apps picks up speed

Rediff.com   19 Jun 2020

According to industry insiders, India has 400 million smartphones and is the world's fastest-growing app market. So the addition or deletion of apps impacts the global valuations of these platforms. "Based on calls given by various local organisations to delete Chinese Apps, there will be an impact," said Blaise Fernandes, director at foreign policy think tank Gateway House. "All of them eventually will go the IPO (initial public offering) route so there would be economic impact also."

After 1962 China war stock markets fell 16%, gold 30%

After 1962 China war stock markets fell 16%, gold 30%

Rediff.com   18 Jun 2020

The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.

A glimpse of how economic activity is picking up

A glimpse of how economic activity is picking up

Rediff.com   17 Jun 2020

While freight traffic has gone up, the Google location data shows more people are stepping out of their homes.

Will data protection Bill finally see daylight?

Will data protection Bill finally see daylight?

Rediff.com   15 Jun 2020

After the first draft of the Bill was submitted under a committee chaired by Justice B N Srikrishna in 2018, there were objections raised by businesses, especially on the broad restrictions on cross-border data flow.

India saw 2nd highest phishing hosting attacks in Q1 2019

India saw 2nd highest phishing hosting attacks in Q1 2019

Rediff.com   15 Jun 2020

Phishing attacks could either be in the form of an email from a trusted source asking for personal information such as passwords, bank details and personal details, or it could mimic an existing website or webpage and trick a user into entering confidential information on the page.

How 1996 World Cup is back to haunt FPIs

How 1996 World Cup is back to haunt FPIs

Rediff.com   10 Jun 2020

The ruling mean FPIs cannot seek treaty protection against the new withholding tax that companies are required to deduct at source. The apex court order pertains to when the cricketing bodies of Pakistan, India, and Sri Lanka formed a joint committee to conduct the 1996 Cricket World Cup.

Yatra ends merger pact, sues Ebix in US for breach of terms

Yatra ends merger pact, sues Ebix in US for breach of terms

Rediff.com   7 Jun 2020

Ebix had signed the agreement last year to acquire Gurugram-based Yatra Online for an enterprise value of $338 million (about Rs 2,327 crore) in an all-stock deal. The deal was supposed to conclude in the October-December quarter after regulatory approvals but went through several extensions, according to regulatory filings with the US Securities and Exchange Commission.

Why Google took down TikTok clone Mitron

Why Google took down TikTok clone Mitron

Rediff.com   3 Jun 2020

Mitron probably would have continued with the free run for quite some time, had it not come to light that the source code of the app was actually developed by a Pakistani developer, reports Neha Alawadhi.

Algo traders find relief as volumes stabilise

Algo traders find relief as volumes stabilise

Rediff.com   28 May 2020

The volume of shares traded in the stock market had fallen 28 per cent in April. Turnover, or the value of securities changing hands, fell 12.6 per cent. This trend of falling volumes seems to have stabilised in May.

Nasscom chief warns of job cuts in IT sector if...

Nasscom chief warns of job cuts in IT sector if...

Rediff.com   23 May 2020

'If the business doesn't recover in next 6-10 months, there might be situation where there would be some lay-offs...That may be required for survival and to ensure livelihood to millions of people.'

Swiggy lays off 1,100 as coronavirus hits business

Swiggy lays off 1,100 as coronavirus hits business

Rediff.com   19 May 2020

Backed by China's Tencent and Prosus NV, Swiggy has around 8,000 employees.

Mumbai gears up as Covid-19 overwhelms health system

Mumbai gears up as Covid-19 overwhelms health system

Rediff.com   19 May 2020

With projections suggesting the number of cases in the city will touch 75,000 by the end of May, civic authorities are working overtime to add to the number of beds.

Hospitality sector unhappy with govt stimulus package

Hospitality sector unhappy with govt stimulus package

Rediff.com   18 May 2020

The hospitality and tourism sector is among the worst hit because of the pandemic, and is unlikely to recover any time soon as people continue to be cautious of going out in a crowded places.

No freeze on hiring at India's top IT firms

No freeze on hiring at India's top IT firms

Rediff.com   11 May 2020

Top Indian IT services companies - TCS, Infosys, Wipro and HCL Tech - have said that they would continue to hire freshers through campus interviews, though lateral hiring will be mostly on exception basis.

The businessman who got richer during the lockdown

The businessman who got richer during the lockdown

Rediff.com   8 May 2020

Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.

Govt makes Aarogya Setu a must for all office workers

Govt makes Aarogya Setu a must for all office workers

Rediff.com   2 May 2020

The ministry of home affairs has made the use of Aarogya Setu app mandatory for all employees, both private and public, and pinned the responsibility for compliance on the head of respective organisations.

COVID-19: How WhatsApp is tackling spread of fake messages

COVID-19: How WhatsApp is tackling spread of fake messages

Rediff.com   27 Apr 2020

WhatsApp limited the number of times a frequently forwarded message can be sent further to only one chat at a time. This resulted in 70% plunge in viral forwarded messages globally, WhatsApp told GoI.