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Uber Cup: India trounce Singapore for second win

Uber Cup: India trounce Singapore for second win

Rediff.com15 hours ago

Isharani Baruah and Anmol Kharb shone bright as India all but assured its place in the quarter-finals of Uber Cup after beating Singapore 4-1 in the second tie of Group A, in Chengdu, China, on Sunday.

Uber Cup: Chaliha stuns Li as India rout Canada in opener

Uber Cup: Chaliha stuns Li as India rout Canada in opener

Rediff.com1 days ago

Ashmita Chaliha produced an inspired show to stun higher-ranked Michelle Li as the India scored a clinical 4-1 victory over Canada to make a positive start in the Uber Cup tournament in Chengdu, China, on Saturday.

India-made chips may soon power iPhones

India-made chips may soon power iPhones

Rediff.com2 days ago

Micron Technology, a global leader in memory and storage, is considering supplying Made-in-India chips from its Gujarat plant to one of its key global clients, Apple, whose vendors assemble iPhones in the country. Micron is setting up an assembly test marking and packaging (ATMP) plant in Sanand, Gujarat. Currently, Apple vendors import chips for manufacturing iPhones. Sources in the know say the aim is to use part of the production to supply to Micron's clients in India directly.

'Aionos will bridge silos within aviation, hospitality using AI'

'Aionos will bridge silos within aviation, hospitality using AI'

Rediff.com4 days ago

Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. Bhatia, the Group Managing Director of IGE, serves as the majority shareholder in India's largest airline, IndiGo. Additionally, IGE operates 21 hotels under the Ibis brand and runs a logistics company called Movin.

FSSAI launches probe into MDH and Everest products

FSSAI launches probe into MDH and Everest products

Rediff.com5 days ago

The Food Safety and Standards Authority of India (FSSAI) has commissioned a quality check on MDH and Everest products. This follows complaints that several popular spice mixes of the two leading brands contained traces of ethylene oxide more than the permissible levels, official sources said. This move by FSSAI comes after Hong Kong and Singapore recalled variants of the two masala majors' products in their countries.

'Indian crews are very good'

'Indian crews are very good'

Rediff.com5 days ago

'Indians are basically liked because they are educated, they are intelligent.'

Iran-Israel Flare-Up Tests India's Oil Reserves

Iran-Israel Flare-Up Tests India's Oil Reserves

Rediff.com6 days ago

'Any escalation that may hit the oil production of Iran or affect the oil transit through the Strait can result in a spike in oil prices.'

Why are gold prices rising? Chris Wood of Jefferies explains

Why are gold prices rising? Chris Wood of Jefferies explains

Rediff.com6 days ago

Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.

Are the stock markets prepared for a delay in interest rate cut?

Are the stock markets prepared for a delay in interest rate cut?

Rediff.com19 Apr 2024

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 central bank to start cutting rates in September, provided inflation remains in check and oil prices remain supportive. The markets, analysts believe, partially factored in this possibility.

FPIs from Mauritius to face greater scrutiny after tax treaty revision

FPIs from Mauritius to face greater scrutiny after tax treaty revision

Rediff.com18 Apr 2024

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 by taxpayers. The Mauritius government had in February decided to amend the double taxation avoidance agreement (DTAA) with India to align with the Organisation for Economic Co-operation and Development's proposal on base erosion and profit shifting. Although the agreement between India and Mauritius was signed on March 7, the protocol of the amendment was made public for the first time on Wednesday, said legal experts.

Recipe: Vegetable Singapore Curry Laksa Soup

Recipe: Vegetable Singapore Curry Laksa Soup

Rediff.com18 Apr 2024

You will be as smitten with this Singaporean soup as I was.

Raghuram Rajan on how India can create more jobs

Raghuram Rajan on how India can create more jobs

Rediff.com17 Apr 2024

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 enhancing their skill sets. "I think we are in the midst of it (demographic dividend), but the problem is we are not reaping the benefits," Rajan said at a conference on "Making India an Advanced Economy by 2047: What Will it Take" at the George Washington University in Washington DC. "That's why I said 6 per cent growth.

Recipe: Chef Sarab's Chicken Kebabs With Apples

Recipe: Chef Sarab's Chicken Kebabs With Apples

Rediff.com10 Apr 2024

Serve them as a teatime or cocktail snack or a yummy side to a special meal.

Vistara hits air pocket; to cut 25-30 flights daily

Vistara hits air pocket; to cut 25-30 flights daily

Rediff.com7 Apr 2024

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 network as the Tata Group airline strives to stabilise operations. The full-service carrier is to operate over 300 flights daily in the ongoing summer schedule and witnessed significant disruptions earlier this week as many pilots reported sick, resulting in cancellations of flights. "We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10 per cent of the capacity we were operating.

'Bonded labour': Air India pilot unions extend support to Vistara

'Bonded labour': Air India pilot unions extend support to Vistara

Rediff.com5 Apr 2024

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 revised salary structure. Amid the slew of flight cancellations and delays, Vistara chief executive officer Vinod Kannan acknowledged on Wednesday that pilot utilisation in the airline was high, and announced plans to scale back its flight schedule and overhaul the rostering system to provide pilots with more rest time.

Flight schedule to normalise in 2-3 days: Vistara CEO Vinod Kannan

Flight schedule to normalise in 2-3 days: Vistara CEO Vinod Kannan

Rediff.com4 Apr 2024

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 Vistara, Vinod Kannan, said during a meeting with the pilots on Wednesday.

Prannoy, Sen to lead India's defence in Thomas Cup

Prannoy, Sen to lead India's defence in Thomas Cup

Rediff.com4 Apr 2024

Sindhu pulls out of Uber Cup

Vistara cancellations lead to surge in spot airfares by up to 38%

Vistara cancellations lead to surge in spot airfares by up to 38%

Rediff.com4 Apr 2024

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 compared with March 5. Vistara has cancelled 52 flights on routes such as Delhi-Indore, Delhi-Srinagar, Mumbai-Kochi, and Bengaluru-Udaipur as a certain section of pilots went on sick leave, reportedly protesting against the new salary structure that was introduced as part of the airline's merger with Air India.

FDI Declines From Pandemic Highs

FDI Declines From Pandemic Highs

Rediff.com4 Apr 2024

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.

15 Vistara pilots quit, over 50 flights cancelled; Govt, DGCA step in

15 Vistara pilots quit, over 50 flights cancelled; Govt, DGCA step in

Rediff.com2 Apr 2024

Aviation watchdog Directorate General of Civil Aviation (DGCA) has asked Vistara to submit a daily report on flight cancellations and delays as the Tata group airline cancelled more than 50 flights for the second straight day on Tuesday amid non-availability of pilots.

PE investments plummet to 6-year low in FY24

PE investments plummet to 6-year low in FY24

Rediff.com2 Apr 2024

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 private equity deals worth $45.8 billion were signed. According to data sourced from Bloomberg, PE firms had signed record deals worth $80 billion in the financial year ending March 2022.

20 Indians still on ship week after US bridge collapse

20 Indians still on ship week after US bridge collapse

Rediff.com2 Apr 2024

On how long the crew would have to stay on board the ship, the spokesperson said, "At this time, we do not know how long the investigation process will take and until that process is complete, the crew will remain on board."

Baltimore mishap: Indian crew onboard Dali 'healthy'

Baltimore mishap: Indian crew onboard Dali 'healthy'

Rediff.com1 Apr 2024

The Indian crew onboard a crippled container vessel that collided against a key bridge in Baltimore last week is healthy , according to a nonprofit organisation that has been in touch with the personnel.

Adani, JSW, PSA looking to bag Rs 7K cr Tuticorin project

Adani, JSW, PSA looking to bag Rs 7K cr Tuticorin project

Rediff.com1 Apr 2024

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 Zone, Singapore's PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development. The project aims to capitalise on the newfound investor interest in the region, spurred by mega investments such as the Rs 16,000 crore electric vehicle manufacturing unit by Vietnamese major VinFast, the Indian Space Research Organisation's second spaceport in Tamil Nadu's Kulasekarapattinam, and Singapore's Sembcorp's Rs 36,238 crore investment in renewable energy.

When It Began To Snow In Dubai

When It Began To Snow In Dubai

Rediff.com1 Apr 2024

In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!

China renames 30 more places in Arunachal Pradesh

China renames 30 more places in Arunachal Pradesh

Rediff.com1 Apr 2024

India has been rejecting China renaming places in Arunachal Pradesh, asserting that the state is an integral part of the country and assigning "invented" names does not alter this reality.

RJD to contest 26 LS seats, Cong 9 as INDIA seals seat-sharing deal in Bihar

RJD to contest 26 LS seats, Cong 9 as INDIA seals seat-sharing deal in Bihar

Rediff.com29 Mar 2024

The Mahagathbandhan's seat-sharing announcement comes a day after the filing of nomination papers for the first phase of Lok Sabha polls was over.

Sindhu advances to Madrid Masters quarters

Sindhu advances to Madrid Masters quarters

Rediff.com28 Mar 2024

It was a smooth performance from Sindhu as she was hardly tested by the Taiwanese qualifier

Palestinians have been denied their homeland: Jaishankar

Palestinians have been denied their homeland: Jaishankar

Rediff.com27 Mar 2024

He stated that what transpired on October 7 was a 'terrorist attack' but also acknowledged, in reference to the Israeli counteroffensive in Gaza, that every response must take into account something called international humanitarian law.

Baltimore mishap: '1 Indian crew sustained minor injury, rest safe'

Baltimore mishap: '1 Indian crew sustained minor injury, rest safe'

Rediff.com27 Mar 2024

One of the 22 Indian crew manning a crippled cargo ship which collided against a bridge in Baltimore has suffered a 'minor injury' while the rest are all safe aboard the vessel, owners of the Singapore-flagged ship said on Wednesday.

Baltimore bridge collapse: 6 missing persons feared dead

Baltimore bridge collapse: 6 missing persons feared dead

Rediff.com27 Mar 2024

The ship, outbound from Baltimore to Colombo, struck a 1.6-mile-long, four-lane bridge in Baltimore in the early hours of Tuesday morning. Shortly after the collision, the bridge collapsed, crashing on the cargo ship.

Ship That Crashed Into Bridge Had Indian Crew

Ship That Crashed Into Bridge Had Indian Crew

Rediff.com27 Mar 2024

'Personnel onboard the ship were able to alert the Maryland department of transportation that they had lost control of their vessel. As a result, local authorities were able to close the bridge to traffic before the bridge was struck, which undoubtedly saved lives,' Biden said.

YouTube removes 2.2 mn videos in India over norm violation in Oct-Dec

YouTube removes 2.2 mn videos in India over norm violation in Oct-Dec

Rediff.com27 Mar 2024

The latest report showed that between October and December 2023, over 2.25 million videos (2,254,902) were removed in India for violating YouTube's community guidelines. India topped the list of 30 countries in video removals.

Bridges Collapse In America Too!

Bridges Collapse In America Too!

Rediff.com26 Mar 2024

Early on March 26, 2024, the Francis Scott Key Bridge in Baltimore, Maryland, in the United States collapsed after it was struck by a container ship, the Dali.

Thomas & Uber Cup: India men in tricky group, women in China's group

Thomas & Uber Cup: India men in tricky group, women in China's group

Rediff.com22 Mar 2024

The Indian men's team qualified automatically by virtue of being the defending champions while the women made the cut after winning a historic gold medal at the Badminton Asia Team Championships in Malaysia earlier this year.

Net FDI in India down 38% in Apr-Jan

Net FDI in India down 38% in Apr-Jan

Rediff.com20 Mar 2024

Net foreign direct investment (FDI) in India, inflows minus outflows, declined 38.4 per cent year-on-year to $15.41 billion in the first 10 months of this financial year due to an increase in the repatriation of capital. According to the Reserve Bank of India's data in the March 2024 bulletin, FDI in India was $25.53 billion and outflows were $10.11 billion in April 2023-January 2024. In the same period last year, FDI inflows stood at $36.75 billion and outflows at $11.75 billion.

Disney-Star & RIL JV will see loss of $400 mn on $3.5 bn revenue next FY

Disney-Star & RIL JV will see loss of $400 mn on $3.5 bn revenue next FY

Rediff.com20 Mar 2024

Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.

After 17 years of toil, India is finally ready for tryst with semiconductors

After 17 years of toil, India is finally ready for tryst with semiconductors

Rediff.com19 Mar 2024

The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year.

Is Technology Important In Banking?

Is Technology Important In Banking?

Rediff.com14 Mar 2024

'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'

What PhonePe did differently from Paytm

What PhonePe did differently from Paytm

Rediff.com12 Mar 2024

'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'

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