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Divestment push may boost PSU m-cap from all-time low currently

Divestment push may boost PSU m-cap from all-time low currently

Rediff.com1 days ago

The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.

Aryan Khan procured, distributed drugs: NCB to court

Aryan Khan procured, distributed drugs: NCB to court

Rediff.com6 days ago

Senior counsel Amit Desai, appearing for Aryan Khan, termed the NCB's contention as 'inherently absurd' and argued that when there was no recovery of drugs from him, then he should not be penalised at the stage of granting bail.

Uthra murder: Husband given double life term for killing wife using cobra

Uthra murder: Husband given double life term for killing wife using cobra

Rediff.com7 days ago

A sessions court in Kerala on Wednesday awarded double life sentence in the Uthra murder case to the victim's husband for killing his wife using a cobra, saying the crime was 'definitely diabolic, cruel, heinous and dastardly' and committed with 'unparalleled wickedness.'

Why Chinese Leaders Are Rushing To Tibet

Why Chinese Leaders Are Rushing To Tibet

Rediff.com7 days ago

A visit to Tibet appears to have become the new touchstone for expressing fealty to Xi Jinping, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.

Time for Centre-Farmers to reconcile

Time for Centre-Farmers to reconcile

Rediff.com12 Oct 2021

Given the worsening security scenario in Kashmir, we cannot afford to have a restive Punjab with its peasantry up in arms against the central government, argues Virendra Kapoor.

Space tech firms urge PM to expedite approvals, fine tune rules

Space tech firms urge PM to expedite approvals, fine tune rules

Rediff.com12 Oct 2021

Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).

Modi is not autocratic, doesn't impose his decisions: Shah

Modi is not autocratic, doesn't impose his decisions: Shah

Rediff.com10 Oct 2021

Shah said that Modi has always maintained that he is in power to change the country for the better and not merely to run the government.

Why Are Bankers SMILING At Last?

Why Are Bankers SMILING At Last?

Rediff.com8 Oct 2021

Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.

Covid's 4 Lasting Scars On The Economy

Covid's 4 Lasting Scars On The Economy

Rediff.com6 Oct 2021

Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.

Modi Must Fix His Problems With The States

Modi Must Fix His Problems With The States

Rediff.com5 Oct 2021

Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.

Spotting chink in BJP armour, SP, allies target Jat votes in UP

Spotting chink in BJP armour, SP, allies target Jat votes in UP

Rediff.com4 Oct 2021

The Jat vote is crucial in winning at least 40 assembly seats in Western UP, which has been in the grip of a widespread farmer movement, reports Nitin Kumar.

What does Modi gain by not REPEALING Farm Laws?

What does Modi gain by not REPEALING Farm Laws?

Rediff.com4 Oct 2021

And the only answer one can think of is that this is being done to preserve the image of toughness and 56 inches and all the rest of it, notes Aakar Patel.

CJI hopes govt will soon clear names of HC judges recommended by Collegium

CJI hopes govt will soon clear names of HC judges recommended by Collegium

Rediff.com2 Oct 2021

"The government has cleared seven names out of the 106 judges and one out of the nine for chief justices, so far. I expect that the government will clear the rest of the names very soon. These appointments will take care of pendency to some extent. I seek the cooperation and support of the Government to enable access to justice and to strengthen democracy," CJI N V Ramana said.

Vodafone Idea reworking business plans

Vodafone Idea reworking business plans

Rediff.com30 Sep 2021

Vodafone Idea (Vi) is working on a fresh business plan that could alter its funding requirements. Addressing shareholder queries at the company's annual general meeting (AGM) on Wednesday, Vi chairman Himanshu Kapania said the exact amount will be worked out upon submission of a new business plan. "The management is working on a new business plan and will come to the board with the funding requirements," Kapania told shareholders in his first AGM as chairman.

Crisis in Punjab Cong simmers as Sidhu refuses to budge

Crisis in Punjab Cong simmers as Sidhu refuses to budge

Rediff.com30 Sep 2021

As state-level leaders tried to placate Sidhu, he made it clear through the video that he was in no mood to budge on his 'principles'.

Channi keeps 14 portfolios, Amarinder's ministers retain theirs

Channi keeps 14 portfolios, Amarinder's ministers retain theirs

Rediff.com29 Sep 2021

Punjab Chief Minister Charanjit Singh Channi on Tuesday allocated portfolios to the new ministers, keeping 14 departments with himself and giving home affairs to deputy chief minister Sukhjinder Singh Randhawa and health to other deputy O P Soni.

Punjab cabinet passes resolution supporting farmers

Punjab cabinet passes resolution supporting farmers

Rediff.com27 Sep 2021

Chief Minister Charanjit Singh Channi had convened an emergency meeting of newly reconstituted Council of Ministers in view of the 'Bharat Bandh' call given by the Samyukt Kisan Morcha (SKM) to protest against the three agri laws, an official statement said after the cabinet meeting.

Govt has no interest in acquiring any telecom company: VIL CEO

Govt has no interest in acquiring any telecom company: VIL CEO

Rediff.com26 Sep 2021

The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said. Vodafone Idea Ltd (VIL) managing director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector. "I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms).

Don't shift border resolution goalpost: India envoy to China

Don't shift border resolution goalpost: India envoy to China

Rediff.com26 Sep 2021

India has told China not to "shift goalposts" and "confuse" managing the border affairs and restoring peace at the frontiers with the larger issue of the resolution of the boundary question, which is dealt with by different designated mechanisms.

Biden reiterates US support for India's permanent seat in UNSC

Biden reiterates US support for India's permanent seat in UNSC

Rediff.com25 Sep 2021

Biden has reiterated America's support for India's permanent membership on a reformed UNSC and its entry into the NSG during his first in-person bilateral meeting with Modi at the White House.

Legislature needs to revisit laws to suit realities: CJI

Legislature needs to revisit laws to suit realities: CJI

Rediff.com25 Sep 2021

The Chief Justice of India, Justice N V Ramana Saturday said the Legislature needs to revisit laws and reform them to suit the needs of time and people so that they match 'practical realities'.

Modi meets top American CEOs in first engagement in US

Modi meets top American CEOs in first engagement in US

Rediff.com23 Sep 2021

Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.

Punjab govt shunts out chief secy considered 'close' to Amarinder

Punjab govt shunts out chief secy considered 'close' to Amarinder

Rediff.com23 Sep 2021

The Charanjit Singh Channi-led government in Punjab on Thursday shunted Chief Secretary Vini Mahajan and appointed Anirudh Tewari in her place.

UEFA urges FIFA to stop pushing World Cup plan

UEFA urges FIFA to stop pushing World Cup plan

Rediff.com23 Sep 2021

European football's governing body UEFA has urged FIFA to stop pushing its plan for a two-year World Cup and instead to engage in "genuine consultation" over reform of the international match calendar.

Modi to embark on 3-day US visit today

Modi to embark on 3-day US visit today

Rediff.com22 Sep 2021

The main elements of the programme are bilateral meetings with the US leadership, participation in the Quad Leaders' Summit, address at the UN General Assembly and business interactions.

Adani takes on Ambani, to invest $20 bn in renewable energy

Adani takes on Ambani, to invest $20 bn in renewable energy

Rediff.com21 Sep 2021

Unveiling his infrastructure conglomerate's green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world's cheapest green electron. The port-to-energy conglomerate plans to triple its renewable power generation capacity over the next four years, foray into green hydrogen production, power all data centres with renewable energy, turn its ports into net carbon zero by 2025, and plans to spend over 75 per cent of capital expenditure until 2025 in green technologies, he said. Speaking at JP Morgan India Investor Summit, Adani Group chairman said the USD 20 billion investment will be in renewable energy generation, component manufacturing, transmission and distribution.

Will Farmers Defeat BJP?

Will Farmers Defeat BJP?

Rediff.com21 Sep 2021

Extended rounds of negotiations having failed, farm leaders now reckon that their best chance to pressure the government lay in defeating the BJP in the coming assembly poll, particularly in UP, observes Virendra Kapoor.

FDI key to India's dream to be a $5 trn economy: Deloitte CEO

FDI key to India's dream to be a $5 trn economy: Deloitte CEO

Rediff.com20 Sep 2021

Foreign Direct Investment (FDI) is critically important for India to become a $5 trillion economy, Deloitte CEO Punit Renjen said while noting that over two-fifths of the 1,200 business leaders surveyed in the US, UK, Japan and Singapore are planning additional or first-time investments in India. Referring to the survey, he said India continues to be "one of the most attractive" FDI destinations. "Despite the COVID-19 destruction, inflows hit a record high last year. "Business leaders, whom Deloitte surveyed, are preparing to make additional and first-time investments in India," Renjen said.

Govt's non-lapsable funds promote corruption: Ex-CAG Mehrishi

Govt's non-lapsable funds promote corruption: Ex-CAG Mehrishi

Rediff.com18 Sep 2021

Former CAG Rajiv Mehrishi says Centre has held back a report he submitted to the President, to end what he called "a nightmare of accounts that militates against good governance".

Sukhbir, Harsimrat detained as Akalis march against farm laws

Sukhbir, Harsimrat detained as Akalis march against farm laws

Rediff.com17 Sep 2021

The protest march led to massive traffic snarls in several parts of the national capital, including Lutyens' Delhi and ITO.

With father's arrest, Chhattisgarh CM Baghel conveys rule of law message

With father's arrest, Chhattisgarh CM Baghel conveys rule of law message

Rediff.com17 Sep 2021

Bhupesh Baghel said about his father that he respected his father as a son, but as a chief minister, none of his mistakes that will disturb public order can be ignored.

'I hope India does not give up on Afghanistan'

'I hope India does not give up on Afghanistan'

Rediff.com17 Sep 2021

'There is far more goodwill towards India from across the board in Afghanistan'

Does Modi have an Economic Road Map?

Does Modi have an Economic Road Map?

Rediff.com17 Sep 2021

Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.

Tech cos' IPOs worth Rs 30,000 crore in pipeline: Sebi chief

Tech cos' IPOs worth Rs 30,000 crore in pipeline: Sebi chief

Rediff.com16 Sep 2021

Growth-oriented technology companies have raised Rs 15,000 crore through initial share sales in the last 18 months and IPOs worth around Rs 30,000 crore by such firms are in the pipeline, Sebi chairman Ajay Tyagi said on Thursday. "Growing number of unicorns in the startup ecosystem is a testimony of the new age tech companies coming of age in our economy. These companies often follow a unique business model focusing more on rapid growth than immediate profitability," Tyagi said at an event organised by industry body CII. During the last 18 months, growth-oriented technology companies have raised a sum of around Rs 15,000 crore through IPOs (Initial Public Offerings).

'Nehru is to be blamed for farm crisis'

'Nehru is to be blamed for farm crisis'

Rediff.com15 Sep 2021

'Nehru wanted to strengthen industries by exploiting agriculture and that policy was continued by successive governments.'

India remains an attractive FDI destination

India remains an attractive FDI destination

Rediff.com14 Sep 2021

India remains an attractive destination for foreign direct investments (FDI) on account of healthy prospects of economic growth and its skilled workforce, according to a survey by Deloitte. A large proportion of international business leaders remain confident in India's short- and long-term prospects and are readying plans to make additional and first-time investments in the country, it said on Tuesday. "The survey, which questioned 1,200 business leaders of multinational corporations in the US, UK, Japan and Singapore, found that India remains an attractive destination for investments, scoring highly for its skilled workforce and prospects for economic growth," the survey - India's FDI Opportunity - said.

BRICS has adopted a counter-terrorism plan: Modi

BRICS has adopted a counter-terrorism plan: Modi

Rediff.com9 Sep 2021

Asserting that it is for the first time that BRICS has taken a collective position on strengthening and reforming multilateral systems, Prime Minister Narendra Modi said, "We have to ensure that BRICS is more productive in the next 15 years".

'It is not wise to be an inflation nutter'

'It is not wise to be an inflation nutter'

Rediff.com7 Sep 2021

'People know if inflation is not within the tolerance band, then action will be taken so they do not expect inflation to rise above that.'

'We'd have never known there was a brilliant actor lurking inside him'

'We'd have never known there was a brilliant actor lurking inside him'

Rediff.com6 Sep 2021

'I was so nervous and embarrassed that I hid behind a pillar, just watching my son quietly.' 'I could see him very quiet, not communicating with anybody.'' 'I thought he was not interested. But when he gave his first shot, he was perfect!'

Centre testing our patience, emasculating tribunals: SC

Centre testing our patience, emasculating tribunals: SC

Rediff.com6 Sep 2021

The Supreme Court Monday said the Centre was testing its "patience" and "emasculating" tribunals by not appointing officials to the quasi-judicial bodies which are facing severe crunch of presiding officers as well as judicial and technical members and sought action on the matter by September 13.

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