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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.'

Team of 80 people harmonising ops of 4 Tata airlines: Air India CEO

Team of 80 people harmonising ops of 4 Tata airlines: Air India CEO

Rediff.com11 Mar 2024

Over the past eight months, a team of 80 people has been diligently working to harmonise operating procedures across four airlines run by the Tata group, as part of two mergers, revealed Campbell Wilson, Air India's chief executive officer (CEO), on Friday. The Tata group is consolidating its aviation business by merging four airlines into two: Air India and Vistara are merging to form a single full-service carrier, while AIX Connect and Air India Express are combining to create a unified low-cost carrier (as a subsidiary of Air India).

'Crypto is serious threat to financial stability'

'Crypto is serious threat to financial stability'

Rediff.com11 Mar 2024

'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'

India's Untold Nepal Stories

India's Untold Nepal Stories

Rediff.com11 Mar 2024

In 2017, a retired R&AW officer conveyed that Uttar Pradesh Chief Minister Yogi Adityanath was keen to get monarchy restored in Nepal and suggested that I support these efforts.

'Premium and luxury segments becoming more prominent in India'

'Premium and luxury segments becoming more prominent in India'

Rediff.com9 Mar 2024

'The Indian economy is expected to grow in terms of per capita income and GDP, and with that, the luxury segment becomes more relevant.'

Vistara rejects reports its pilot woes disrupted flight operations

Vistara rejects reports its pilot woes disrupted flight operations

Rediff.com8 Mar 2024

The flight cancellations and delays of Vistara in the last few days were due to unfavourable weather, air traffic congestion and unforeseen aircraft maintenance, and cannot be solely attributed to pilot absenteeism, the airline said on Thursday. The airline's response comes after reports stated that some pilots had gone on sick leave to protest the new salary structure offered to them as part of Vistara's merger with Air India. "We confirm that we have had a few flight cancellations and unavoidable delays in the last few days.

Air India-Vistara merger gets conditional nod from Singapore

Air India-Vistara merger gets conditional nod from Singapore

Rediff.com6 Mar 2024

Singapore's competition regulator CCCS on Tuesday said it has given conditional approval for the proposed merger of Air India and Vistara, more than a year after the announcement of the deal. This was one of the key approvals required for the transaction. The merger of Vistara with Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India, was announced in November 2022. Vistara is a joint venture between Singapore Airlines and Tata Group.

Sai Praneeth retires from international badminton

Sai Praneeth retires from international badminton

Rediff.com4 Mar 2024

World Championships bronze medallist B Sai Praneeth on Monday announced his retirement from international badminton, bringing down curtains on a successful career during which he won the Singapore Open and also represented India at the Tokyo Olympics.

'No basis in the claim that poverty is down to 5%'

'No basis in the claim that poverty is down to 5%'

Rediff.com4 Mar 2024

'Without a poverty line, how are we to know whether poverty is the same, or it has come down or it has gone up?'

Priscilla to Poor Things On OTT This Week

Priscilla to Poor Things On OTT This Week

Rediff.com1 Mar 2024

There's a spate of book-to-screen adaptations dominating OTT streaming this week. Sukanya Verma lists her recommendations.

Stanchart to continue focus on wealth management in India

Stanchart to continue focus on wealth management in India

Rediff.com27 Feb 2024

Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.

L&T takes on global peers with electrolyser play

L&T takes on global peers with electrolyser play

Rediff.com27 Feb 2024

Engineering conglomerate Larsen & Toubro (L&T) is preparing the ground to begin the commercial sale of electrolysers in September, which would be 50 per cent cheaper than its European counterparts, a senior company executive has said. An electrolyser is a key equipment required for the generation of green hydrogen. Last quarter, L&T manufactured its first electrolyser as a prototype.

Check out F1's record 24-race calendar for 2024

Check out F1's record 24-race calendar for 2024

Rediff.com27 Feb 2024

Formula One will have a record 24 races in the season that starts in Bahrain on Saturday.

Adani in talks with sovereign funds to raise up to $2.6 bn

Adani in talks with sovereign funds to raise up to $2.6 bn

Rediff.com26 Feb 2024

The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.

Sky Is NOT The Limit For These Stars

Sky Is NOT The Limit For These Stars

Rediff.com26 Feb 2024

A picture of glamour and grit in the face of an emergency, the air hostess, flight attendant or air stewardess is often the hero we didn't know we needed.

The Indian Film Making Global Waves

The Indian Film Making Global Waves

Rediff.com21 Feb 2024

'I thought of a suppressed country and a free world.' 'If we travel from one to another, what will that road look like?' 'What colours, music there will be? What kind of people would you see?'

Zee reaches out to Sony to revive $10 billion merger talks

Zee reaches out to Sony to revive $10 billion merger talks

Rediff.com20 Feb 2024

Zee Entertainment Enterprises Ltd (ZEEL) is seeking rapprochement with Sony Group as it makes a last-ditch effort to resurrect a $10 billion merger, according to industry sources. After the Japanese multinational firm pulled the plug on its $10 billion merger deal in January, the Indian company reached out again to Sony to reconsider the termination and offered for talks this month, a source said. On the other hand, Sony is understood to be evaluating the proposal from Zee.

Chess: Singapore's 8-year-old Indian-origin boy creates history!

Chess: Singapore's 8-year-old Indian-origin boy creates history!

Rediff.com20 Feb 2024

An eight-year-old Indian-origin boy defeated Polish chess grandmaster Jacek Stopa at the Burgdorfer Stadthaus Open in Switzerland.

Indian women clinch historic gold in Badminton Asia Team Championships

Indian women clinch historic gold in Badminton Asia Team Championships

Rediff.com18 Feb 2024

Indian women beat Thailand 3-2 in final, clinch historic gold in Badminton Asia Team Championships

RIL in talks for stake in Tata Play, may buy Disney's 30% share

RIL in talks for stake in Tata Play, may buy Disney's 30% share

Rediff.com16 Feb 2024

Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster.

General To Head Largest Muslim Democracy

General To Head Largest Muslim Democracy

Rediff.com15 Feb 2024

Prabowo was accused in the late 1980s of making a number pro-democracy activists mysteriously disappear and for human rights abuses in the provinces of East Timor and Papua and was denied a visa to the US.

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