Samie Modak &Amp; T E Narasimhan

Stories by Samie Modak &Amp; T E Narasimhan

After years of neglect, Tirupur starts to weave a fortune

After years of neglect, Tirupur starts to weave a fortune

Rediff.com   3 Sep 2014

With China and Bangladesh losing their edge, textile exports from Tirupur are rising once again, turning the city into a job magnet.

SpiceJet promoters to raise stake by 10%

SpiceJet promoters to raise stake by 10%

Rediff.com   3 Sep 2014

The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).

India is an imp destination for PE investments: Creador Fund

India is an imp destination for PE investments: Creador Fund

Rediff.com   28 Aug 2014

The market continues to remain highly competitive relative to Indonesia and Malaysia, says Anand Narayan, senior managing director of Creador Advisors.

The sad business of smuggling red sanders wood

The sad business of smuggling red sanders wood

Rediff.com   18 Aug 2014

The illegal trade in red sanders wood, which sells for up to Rs 80 lakh a tonne in some Asian countries, involves a complex nexus of smugglers and impoverished woodcutters.

Govt asks market regulator to relax FPO norms

Govt asks market regulator to relax FPO norms

Rediff.com   18 Aug 2014

Move aimed at boosting retail investor participation in disinvestment.

IDBI Bank to declare Kingfisher Airlines 'wilful defaulter'

IDBI Bank to declare Kingfisher Airlines 'wilful defaulter'

Rediff.com   17 Aug 2014

Bank claims it wasn't quizzed by CBI, only financial information was sought.

Women on night shift: A lesson from Tamil Nadu

Women on night shift: A lesson from Tamil Nadu

Rediff.com   12 Aug 2014

The move to allow women to work the night shift, by amending the Factories Act, has been opposed in Delhi by the Mahila Congress, the Indian National Congress's women's wing, and the All India Trade Union Congress.

Market slump begins to bite India Inc's fund-raising

Market slump begins to bite India Inc's fund-raising

Rediff.com   4 Aug 2014

Stocks such as NIIT, Punj Lloyd, Gati, Welspun India and BEML are favourites of the trading community.

Run-up to Budget: Emerging market peers pip India in past month

Run-up to Budget: Emerging market peers pip India in past month

Rediff.com   8 Jul 2014

Though India has been one of the best-performing markets in the last two months, it has lagged some of its emerging market peers such as the Philippines, Thailand and South Africa.

RIL, BP to invest Rs 800 cr in Tamil Nadu

RIL, BP to invest Rs 800 cr in Tamil Nadu

Rediff.com   30 Jun 2014

Reliance Industries Ltd, along with its partner British Petroleum, plans to invest about Rs 800 crore (Rs 8 billion) to carry out exploratory drilling in an offshore block in the Bay of Bengal, off the Tamil Nadu coast.

Countdown for PSLV C23 launch to start today

Countdown for PSLV C23 launch to start today

Rediff.com   28 Jun 2014

ISRO said, initially the launch was slated for 9.49 am, but now there is a 3-minute delay owing to the probability of space debris in the path of rocket.

India Inc set to get more leeway on stock options

India Inc set to get more leeway on stock options

Rediff.com   16 Jun 2014

Firms with low promoter holding may get to buy shares from secondary market.

'One should not expect an immediate boost to the economy'

'One should not expect an immediate boost to the economy'

Rediff.com   4 Jun 2014

Equity markets are currently difficult to gauge as the market has probably priced in a lot of things ahead of actual events.

After private companies, Sebi wants PSUs to have 25% public float

After private companies, Sebi wants PSUs to have 25% public float

Rediff.com   28 May 2014

Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.

Nokia's young retirees face an uncertain future

Nokia's young retirees face an uncertain future

Rediff.com   20 May 2014

The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.

Investors make hay on election results day

Investors make hay on election results day

Rediff.com   18 May 2014

Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.

Nokia seeks arbitration to settle Rs 21,000 cr tax dispute

Nokia seeks arbitration to settle Rs 21,000 cr tax dispute

Rediff.com   14 May 2014

The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.

Saffron surge set to fire up markets

Saffron surge set to fire up markets

Rediff.com   13 May 2014

Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand

Etihad set to escape open offer for Jet Airways

Etihad set to escape open offer for Jet Airways

Rediff.com   28 Apr 2014

Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.

Nokia to transfer global assets to Microsoft by April 25

Nokia to transfer global assets to Microsoft by April 25

Rediff.com   22 Apr 2014

Nokia-Microsoft transfer deal transaction is now subject only to certain customary closing conditions.