Search results for ' The 4400'

Australia captain Cummins opts out of IPL 2023

Australia captain Cummins opts out of IPL 2023

Rediff.com15 Nov 2022

Pat Cummins played the last three IPL tournaments with Kolkata Knight Riders but cut short his 2022 campaign due to a hip injury.

Kejriwal unveils winter action plan to curb Delhi's pollution

Kejriwal unveils winter action plan to curb Delhi's pollution

Rediff.com29 Sep 2023

Delhi Chief Minister Arvind Kejriwal on Friday said pollution levels declined in the national capital due to government initiatives as he announced a 15-point winter action plan to curb pollution.

BCCI likely to run losses if ICC doesn't get tax break from GOI

BCCI likely to run losses if ICC doesn't get tax break from GOI

Rediff.com14 Oct 2022

As per ICC norm, the host nation is required to get tax exemption from the government for hosting tournaments organised by the global body. Since India's tax rules don't allow such exemptions, the BCCI has already lost close to Rs 193 crore as the government didn't exempt tax surcharge for hosting the 2016 ICC T20 World Cup. The ICC is expecting US$ 533.29 million (Rs 4400 crores approx) from the broadcasting revenue of the 2023 event in India.

Global Banking Crisis: Low Prices To Brighten Prospects Of OMCs

Global Banking Crisis: Low Prices To Brighten Prospects Of OMCs

Rediff.com27 Mar 2023

While prices sustaining lower levels is crucial, Govt actions are also a key monitorable given the forthcoming elections in 2024.

SP Group's Pallonji Mistry passes away at 93

SP Group's Pallonji Mistry passes away at 93

Rediff.com28 Jun 2022

Shapoorji Pallonji Group's head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.

Govt eyes Rs 35,100 cr from partial sale of Bharatnet network, tower infra

Govt eyes Rs 35,100 cr from partial sale of Bharatnet network, tower infra

Rediff.com23 Aug 2021

The government expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore, according to the National Monetisation Pipeline (NMP) document. According to the document, BSNL's 13,567 mobile tower assets and MTNL's 1,350 towers have been valued at Rs 8,800 crore.

Tokyo Games: India's lone gymnast Pranati fails to qualify for finals

Tokyo Games: India's lone gymnast Pranati fails to qualify for finals

Rediff.com25 Jul 2021

Pranati Nayak finished at the bottom half in all the events.

Robinson cleared to play for England after tweet storm

Robinson cleared to play for England after tweet storm

Rediff.com3 Jul 2021

Robinson withdrew himself from selection for his county side Sussex for the T20 games.

SBI-led consortium agrees to give loan to the Tatas for Air India

SBI-led consortium agrees to give loan to the Tatas for Air India

Rediff.com27 Jan 2022

A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday. Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.

Air India handover to Tata Group delayed by a month till Jan

Air India handover to Tata Group delayed by a month till Jan

Rediff.com27 Dec 2021

Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.

Sidhu targets Channi govt again, says won't rest until Majithia's arrest

Sidhu targets Channi govt again, says won't rest until Majithia's arrest

Rediff.com26 Dec 2021

Taking on his own party's government, Punjab Congress chief Navjot Singh Sidhu on Sunday asked people whether they were getting cable TV connection and sand at the cheap rates announced recently.

NSE MD & CEO Vikram Limaye says not seeking second term

NSE MD & CEO Vikram Limaye says not seeking second term

Rediff.com9 Mar 2022

NSE managing director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the bourse as well as in the co-location matter. "I have informed the board that I am not interested in pursuing a second term and will therefore not be applying and participating in the process that is underway. My tenure ends on July 16, 2022," Limaye said in a statement.

Key Congressional committee passes bill to end Green Card cap

Key Congressional committee passes bill to end Green Card cap

Rediff.com8 Apr 2022

A Green Card, known officially as a permanent resident card, is a document issued to immigrants as evidence that the bearer has been granted the privilege of residing permanently in the US.

Air India likely to be handed over to the Tatas today

Air India likely to be handed over to the Tatas today

Rediff.com27 Jan 2022

The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.

Jhunjhunwala-backed Star Health's IPO scrapes through

Jhunjhunwala-backed Star Health's IPO scrapes through

Rediff.com3 Dec 2021

Star Health and Allied Insurance's Rs 7,250-crore initial public offering (IPO), the third largest this year and eighth largest ever, just about managed to make it despite a poor response from investors, garnering just 79 per cent subscription, forcing the investment bankers to prune offer for sale (OFS) component. This is the second large offering after digital payments major Paytm this year to receive a lukewarm response from investors, a sign that despite the IPO frenzy investors are discerning when it comes to pricing. As Star Health didn't meet the profitability criteria, its IPO required a mandatory 75 per cent subscription from qualified institutional buyers (QIB).

Air India sale: Deal process to conclude by Sep

Air India sale: Deal process to conclude by Sep

Rediff.com13 Apr 2021

The government has initiated the process for inviting financial bids for the sale of national carrier Air India and the deal is likely to conclude by September, sources said. Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year. The sources said that after analysing the preliminary bids, eligible bidders were given access to the Virtual Data Room (VDR) of Air India, following which investors' queries were answered.

3 RS seats for BJP in Karnataka, 1 for Congress; JD-S draws a blank

3 RS seats for BJP in Karnataka, 1 for Congress; JD-S draws a blank

Rediff.com11 Jun 2022

The ruling Bharatiya Janata Party in Karnataka had the last laugh as it won all the three Rajya Sabha seats it had contested in, out of total of four from the state that went for polls on Friday, while the Congress managed to win only one of the two seats to which it had fielded its candidates.

Govt issues LoI to Tatas for sale of Air India

Govt issues LoI to Tatas for sale of Air India

Rediff.com11 Oct 2021

The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline.

Serbian athlete tests positive on arrival in Japan for Olympics

Serbian athlete tests positive on arrival in Japan for Olympics

Rediff.com4 Jul 2021

The report comes after two members of the Ugandan Olympic delegation tested positive for the coronavirus last month upon arrival in Japan. One tested positive at Narita airport near Tokyo, but the remainder of the team was allowed to travel to a training site.

Air India sale: Govt signs share purchase agreement with Tata Sons

Air India sale: Govt signs share purchase agreement with Tata Sons

Rediff.com25 Oct 2021

The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.

Tatas top bidder for Air India, but no govt nod yet

Tatas top bidder for Air India, but no govt nod yet

Rediff.com1 Oct 2021

Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.

It's Raining Billions For Gujarat!

It's Raining Billions For Gujarat!

Rediff.com3 Nov 2022

Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.

Tatas, SpiceJet chief Ajay Singh bid for Air India

Tatas, SpiceJet chief Ajay Singh bid for Air India

Rediff.com15 Sep 2021

"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.

How Sunil Vachani plans to take Dixon Tech global

How Sunil Vachani plans to take Dixon Tech global

Rediff.com14 Jan 2021

Today, Vachani's public-listed company, Dixon Technologies, has gone beyond manufacturing just television sets. Armed with private equity funding from Motilal Oswal eight years ago, it has transformed itself into a Rs 4,400 crore electronic manufacturing services major, which now straddles lighting products, home appliances, feature phones, LED bulbs, amongst others. A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme.

Counting begins in Maharashtra, Haryana as BJP eyes big win

Counting begins in Maharashtra, Haryana as BJP eyes big win

Rediff.com24 Oct 2019

Most exit polls have predicted a clear victory for the BJP both in Maharashtra and in Haryana, even though they have differed in their projection on the number of seats.

Chandrayaan-2 completes a year around Moon

Chandrayaan-2 completes a year around Moon

Rediff.com21 Aug 2020

Chandrayaan-2 was launched on July 22, 2019 and inserted into the lunar orbit on August 20, exactly one year ago.

Housing sales in Q1 may rise 93% Y-o-Y

Housing sales in Q1 may rise 93% Y-o-Y

Rediff.com23 Jun 2021

Housing sales are estimated to rise 93 per cent year-on-year during April-June across seven major cities, but may fall 58 per cent compared to the previous quarter due to the adverse impact of the second wave of COVID-19, according to property consultant Anarock. Sales are likely to be around 24,570 units across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune, Anarock said. Sales of residential properties stood at 12,740 units in April-June 2020 and 58,290 units in March quarter 2021.

ASK AJIT: 'Suffering huge losses in stock market. Please help'

ASK AJIT: 'Suffering huge losses in stock market. Please help'

Rediff.com24 Dec 2021

Ajit Mishra, vice president, research, Religare Broking, answers your queries.

Tatas, US-based fund among Air India bidders

Tatas, US-based fund among Air India bidders

Rediff.com14 Dec 2020

Salt-to-software conglomerate Tata group was among "multiple" entities who on Monday put in preliminary bids for buying the government's stake in loss-making carrier Air India.

Adani in realty push, lines up projects

Adani in realty push, lines up projects

Rediff.com28 May 2014

It announced a Rs 4,400-crore (Rs 44-billion) acquisition of the Dhamra port the day election results gave Prime Minister Narendra Modi a superlative win.

Stats: Dwayne Smith is only next to Maxwell

Stats: Dwayne Smith is only next to Maxwell

Rediff.com11 May 2014

A half-century from Dwayne Smith, and Mahendra Singh Dhoni's late assault, helped Chennai Super Kings beat Mumbai by four wickets in the Indian Premier League match in Mumbai, on Saturday night. A look at key statistics from the match.

Air India saga: Taxpayers won't have to pay Rs 20 cr/day

Air India saga: Taxpayers won't have to pay Rs 20 cr/day

Rediff.com17 Oct 2021

Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.

Micromax to launch Canvas Tab P666 at Rs 10,999

Micromax to launch Canvas Tab P666 at Rs 10,999

Rediff.com27 Nov 2014

Micromax to launch Canvas Tab P666 priced at Rs 10,999.

Corporate funds to parties should be transparent

Corporate funds to parties should be transparent

Rediff.com14 Aug 2012

Corporate donations to political parties are to be welcomed only if they are subject to full disclosure.

Bengal woos investors with govt land

Bengal woos investors with govt land

Rediff.com30 Dec 2015

'Scarcity of land in Bengal is a myth.'

Have mid-sized sedans reached the end of the road?

Have mid-sized sedans reached the end of the road?

Rediff.com14 Nov 2018

With multiple options in the compact sport utility vehicle (SUV) and compact sedan space, the mid-size sedan seems to be losing its charm among customers.

Zomato raises $160 mn in funding; plans IPO

Zomato raises $160 mn in funding; plans IPO

Rediff.com10 Sep 2020

The IPO will be sometime in the first half of next year.

Nissan to introduce newer products

Nissan to introduce newer products

Rediff.com29 Mar 2011

Japanese auto maker Nissan Motor Company on Tuesday said they were "well-on course" on introducing new products in India.

Nepali Sherpa climbs Mount Everest for record 24th time

Nepali Sherpa climbs Mount Everest for record 24th time

Rediff.com21 May 2019

Kami has already climbed most peaks above 8,000 metres, including K2, Cho-oyu, Lhoste and Annapurna among others.

Govt to give additional interest-free loan to sugar mills

Govt to give additional interest-free loan to sugar mills

Rediff.com23 Jun 2014

The Minister said the department is yet to calculate the exact interest-free loans to be provided to the industry.