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Why is India's cotton dream turning sour?

Why is India's cotton dream turning sour?

Rediff.com21 Jan 2024

A few days back, Atul Ganatra, president of the Cotton Association of India, presented a grim scenario of the crop's prospects in the 2024-25 season that starts in October. Addressing the association's annual general meeting, Ganatra said the area under the crop could go down by at least 10 per cent in the coming season due to falling yields and realisation, leading to farmers losing interest. The fear of a decline in acreage comes against the backdrop of India's cotton production probably falling to its lowest in a decade, according to estimates.

Brokerages eye Sapphire amid muted QSR outlook

Brokerages eye Sapphire amid muted QSR outlook

Rediff.com21 Jan 2024

Even as the near-term outlook for the quick service restaurant (QSR) industry remains muted, brokerages are positive about the prospects of Sapphire Foods India. Their preference for the QSR chain comes on the back of the steady performance of Kentucky Fried Chicken (KFC), superior execution and reasonable valuations. The Sapphire Foods stock is up 11 per cent since the start of November.

Kumar Kushagra's surprise entry in India 'A' squad

Kumar Kushagra's surprise entry in India 'A' squad

Rediff.com19 Jan 2024

In selectors' radar, Kumar Kushagra gets maiden India A call-up against England Lions

Corporate India on overdrive to celebrate Ram Mandir inauguration

Corporate India on overdrive to celebrate Ram Mandir inauguration

Rediff.com19 Jan 2024

As Ayodhya readies itself for the glittering, much-awaited consecration ceremony of the Ram Mandir on January 22, and as millions of pilgrims and devotees pour into the holy city for the momentous event, companies are rushing to do their bit and be a part of the mega celebrations. Some are offering a part of their profits as donations, telcos are beefing up the number of cellular towers to ensure better connectivity, and there are those distributing jalebis and food platters.

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Rediff.com18 Jan 2024

Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.

Tata Motors rides high on JLR volume, margin expectations

Tata Motors rides high on JLR volume, margin expectations

Rediff.com18 Jan 2024

From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.

Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Rediff.com17 Jan 2024

Bajaj Auto's market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday's (January 9) intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion.

Fighter Trailer: Hrithik's Screechy Jingoism Jars

Fighter Trailer: Hrithik's Screechy Jingoism Jars

Rediff.com16 Jan 2024

The depiction of screechy jingoism within India-Pakistan dynamic is still a wet dream for Bollywood film-makers, observes Mayur Sanap.

Tata Motors begins production at new Sanand plant acquired from Ford

Tata Motors begins production at new Sanand plant acquired from Ford

Rediff.com15 Jan 2024

Tata Passenger Electric Mobility (TPEM), a subsidiary of Tata Motors, on Friday announced that it has commenced production at its second factory in Sanand, Gujarat, which it had acquired from Ford India last year. This new facility will unlock an additional manufacturing capacity of 300,000 units per annum, which is scalable to 420,000 units. The new facility is spread over 460 acres and is adjacent to Tata Motors' existing passenger vehicle facility in Sanand.

Who Is This Stunning Cutie?

Who Is This Stunning Cutie?

Rediff.com15 Jan 2024

You might just mistake Zuchobeni Tungoe, the gorgeous model from Nagaland, for a K-pop star.

2023: 2nd Warmest Year Since 1901

2023: 2nd Warmest Year Since 1901

Rediff.com12 Jan 2024

The five warmest years in Indian weather history have occurred in the past 14 years -- the others being 2009, 2017 and 2010, in order of intensity.

'Railways plans to carry 10 billon passengers every year by 2030'

'Railways plans to carry 10 billon passengers every year by 2030'

Rediff.com12 Jan 2024

'We carry 6.5 billion passengers every year. We have crossed seven billion this year, and are targeting 10 billion by 2030.'

Army Develops Anti Drone Attacks System

Army Develops Anti Drone Attacks System

Rediff.com12 Jan 2024

The system can be used effectively against swarm drone attacks.

Largecap, midcap cutoff surges over 26% in latest Amfi classification

Largecap, midcap cutoff surges over 26% in latest Amfi classification

Rediff.com12 Jan 2024

The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.

Is Renault Duster Coming Back?

Is Renault Duster Coming Back?

Rediff.com11 Jan 2024

The new Duster will go head-to-head with popular models like Hyundai Creta, Kia Seltos, Volkswagen Taigun, Skoda Kushaq, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, MG Astor, etc in the highly competitive mid-size SUV segment.

2024: 4 High-Demand Blue Collar Skills

2024: 4 High-Demand Blue Collar Skills

Rediff.com11 Jan 2024

Interpersonal skills like communication, co-operation and teamwork are valued for fostering a positive and productive work environment.

Will Nifty See Major Correction In 2024?

Will Nifty See Major Correction In 2024?

Rediff.com11 Jan 2024

'The Nifty index looks to be 20 per cent overvalued as per our model after moving up more than 10 per cent in the last two months.'

2024 Hyundai Creta Teased: Initial Impressions

2024 Hyundai Creta Teased: Initial Impressions

Rediff.com11 Jan 2024

The 2024 Hyundai Creta not only promises a stylish and modern design but also offers a technologically advanced cabin and a safer driving experience. With its launch just around the corner, the already crowded mid-size SUV segment is set to get even more competitive.

Ayodhya redeveloped after studying Vatican, Jerusalem, Tirupati, says architect

Ayodhya redeveloped after studying Vatican, Jerusalem, Tirupati, says architect

Rediff.com9 Jan 2024

Efficient land use, minimum congestion, a focus on dharamshalas (inns) and homestays, upgrading the infrastructure while retaining the historical and cultural character of the city are some of the highlights of the plan prepared by Kukreja, the managing principal of CP Kukreja Architects.

Revised Schedule M elicits mixed response

Revised Schedule M elicits mixed response

Rediff.com8 Jan 2024

A notification of the revised Schedule M rules by the Ministry of Health and Family Welfare has elicited mixed responses from the pharma sector and industry observers. While the industry has welcomed the revision of rules, several analysts said that implementation and compliance can become a challenge for smaller pharmaceutical companies. The Schedule M of the Drugs and Cosmetics Rules specifies the good manufacturing practices (GMPs), which aim to ensure quality of drugs made in the country.

Boat carrying Union minister gets stuck in Odisha lake for 2 hrs

Boat carrying Union minister gets stuck in Odisha lake for 2 hrs

Rediff.com8 Jan 2024

The administration sent another vessel which rescued the Union Minister for Fisheries, Animal Husbandry & Dairying and took him to his destination. He was accompanied by BJP national spokesperson Sambit Patra and a few other local party leaders while being stranded on the boat.

Why DGCA Wants Airline Altimeter Upgrades

Why DGCA Wants Airline Altimeter Upgrades

Rediff.com6 Jan 2024

'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'

Rs 26,400 cr on the cards for FAME-III

Rs 26,400 cr on the cards for FAME-III

Rediff.com4 Jan 2024

Based on discussions with stakeholders, the ministry is proposing to allocate Rs 26,400 crore for FAME-III subsidy alone with electric two wheelers getting around Rs 8,158 crore, electric buses Rs 9,600 crore and electric three-wheelers Rs 4,100 crore, according to sources in the know. Along with some other components like setting up an innovation fund and money for testing , the total allocation could cross Rs 33,000 crore, estimates suggest.

Smaller electric two-wheeler players unlikely to raise prices in 2024

Smaller electric two-wheeler players unlikely to raise prices in 2024

Rediff.com4 Jan 2024

Smaller players manufacturing electric two-wheelers (E2Ws) are unlikely to raise prices of their models initially in 2024 in order to ensure volumes do not drop. The prices of E2Ws range from Rs 90,000 to Rs 1 lakh, the players being Lohia Auto, Godawari Electric, Emobi, etc. As India's E2W sector gears up to go past one million in 2024, manufacturers are likely to maintain price stability, underpinned by strategic independence from subsidies under Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles II (FAME II), localisation efforts, sustainability initiatives, and a focus on affordability.

Best Career Options For Science Students

Best Career Options For Science Students

Rediff.com3 Jan 2024

rediffGURU Mayank Kumar offers guidance about degree courses, campus, job-linked and executive programmes and studying abroad.

Corporate bosses' message for 2024: Focus on people, tech, geopolitics

Corporate bosses' message for 2024: Focus on people, tech, geopolitics

Rediff.com2 Jan 2024

Asia's richest man, Mukesh Ambani, signed off an address to employees last week by assuring them that 2024 would be better than 2023 for both Reliance Industries and India. Ambani isn't an exception. Promoters and their representatives from several other conglomerates have expressed similar optimism.

Byju's in talks with investors to raise $300 mn in return for more controls

Byju's in talks with investors to raise $300 mn in return for more controls

Rediff.com2 Jan 2024

With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.

How India enhanced its military might in 2023

How India enhanced its military might in 2023

Rediff.com31 Dec 2023

India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.

SpiceJet's resurgence could disrupt Indian aviation market: Capa

SpiceJet's resurgence could disrupt Indian aviation market: Capa

Rediff.com29 Dec 2023

SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.

Why villas have become homebuyers' favourite choice

Why villas have become homebuyers' favourite choice

Rediff.com24 Dec 2023

This shift is driven by a pursuit of a superior lifestyle and an innate desire to be grounded in an owned plot of land. Villas, situated within gated housing societies, have gained popularity as a property type, witnessing strong traction due to elevated aspirations and the need for more living space.

'Successful listing is true justice to RE development in country'

'Successful listing is true justice to RE development in country'

Rediff.com24 Dec 2023

'This is not just the IREDA's IPO. It is the success of the ministry of new and renewable energy and of the renewable energy industry.'

First Look: The 2024 Kia Sonet Facelift

First Look: The 2024 Kia Sonet Facelift

Rediff.com23 Dec 2023

The 2024 Kia Sonet facelift impresses with its comprehensive upgrades, ranging from a refreshed exterior design to advanced safety and technological features.

EPL PIX: Arsenal's win reshuffles top three

EPL PIX: Arsenal's win reshuffles top three

Rediff.com17 Dec 2023

A summary of Sunday's action in the English Premier League.

Do You Have Cyber Insurance?

Do You Have Cyber Insurance?

Rediff.com15 Dec 2023

Cyber insurance policies cover ransomware attacks and the ensuing damages, including ransom payments, data restoration costs, forensic and other first-party costs, and loss of profit due to business interruption.

Sensex, Nifty rally over 1% to hit lifetime highs

Sensex, Nifty rally over 1% to hit lifetime highs

Rediff.com14 Dec 2023

Among the Sensex firms, Tech Mahindra, HCL Technologies, Wipro, Infosys, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv and ICICI Bank were the major gainers. Power Grid, Nestle, Asian Paints and Hindustan Unilever were among the laggards.

Higher credit demand likely to lead to further upsides for banks

Higher credit demand likely to lead to further upsides for banks

Rediff.com13 Dec 2023

The National Stock Exchange Nifty Bank has hit an all-time high. Apart from the bullish sentiment caused by recent Assembly elections, there are signs of economic recovery and credit expansion. Large private banks are trading at relatively low valuation premiums to public sector (PSU) banks compared to historical premium levels.

Rajya Sabha passes bill to appoint CEC, ECs as Opposition walks out

Rajya Sabha passes bill to appoint CEC, ECs as Opposition walks out

Rediff.com12 Dec 2023

Rajya Sabha on Tuesday passed a bill to regulate the appointment and service terms of Chief Election Commissioner and election commissioners incorporating key amendments like retaining their status at par with Supreme Court judges, upgrading the search committee and inserting a new clause to protect them from court cases while discharging their official duties.

Lack of valuation comfort may enhance gains in capital goods sector

Lack of valuation comfort may enhance gains in capital goods sector

Rediff.com12 Dec 2023

Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.

'There is no specific time frame for the government to restore statehood'

'There is no specific time frame for the government to restore statehood'

Rediff.com12 Dec 2023

'This verdict means that if there is presidential rule anywhere in any state of India, that state can be dismembered and from a state can be downgraded to a Union territory.'

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com10 Dec 2023

Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. "Indian inflation is expected to rise, while US inflation will remain steady.

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