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How NITI Aayog got 5 cities to agree to new purchase model of e-buses

How NITI Aayog got 5 cities to agree to new purchase model of e-buses

Rediff.com17 hours ago

Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.

Economic growth may have slowed to 3.5% in Q4 FY22

Economic growth may have slowed to 3.5% in Q4 FY22

Rediff.com3 days ago

The economic growth may have slowed to 3.5 per cent in fourth quarter of 2021-22 from 5.4 per cent in the previous three-month period due to the impact of higher commodity prices on margins, decline in wheat yields and on higher base, Icra Ratings said on Monday. The agency said the hiccups in the recovery of the contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth in the quarter. Even the gross value added (GVA) at basic prices (at constant 2011-12 prices) in Q4 FY2022 seems to have eased to 2.7 per cent from 4.7 per cent in Q3 FY2022, it said.

Verstappen takes F1 lead with win in Spain, agony for Leclerc

Verstappen takes F1 lead with win in Spain, agony for Leclerc

Rediff.com4 days ago

Max Verstappen won the Spanish Grand Prix in a Red Bull one-two on Sunday

Axis MF sacks 2nd fund manager in two days, no reason given

Axis MF sacks 2nd fund manager in two days, no reason given

Rediff.com5 days ago

On May 6, the fund house had issued a statement where it had stated that it had launched a suo motu investigation two months ago to probe potential irregularities.

Singapore startup Zilingo sacks CEO Ankiti Bose after forensic audit

Singapore startup Zilingo sacks CEO Ankiti Bose after forensic audit

Rediff.com6 days ago

Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. "Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose's employment with cause, and reserves the right to pursue appropriate legal action," Zilingo said in a statement.

PHOTOS: Assam floods affect 2 lakh people; 2 dead

PHOTOS: Assam floods affect 2 lakh people; 2 dead

Rediff.com17 May 2022

Landslides triggered by incessant rain snapped rail and road links, an official bulletin said.

On day of Modi visit, Chinese-built Lumbini international airport thrown open

On day of Modi visit, Chinese-built Lumbini international airport thrown open

Rediff.com16 May 2022

Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.

The Soldiers Who Died For Putin

The Soldiers Who Died For Putin

Rediff.com16 May 2022

Ukrainian and Western officials say Russia is withdrawing forces around Kharkiv, Ukraine's second largest city, suggesting it may redirect troops to Ukraine's southeast.

Kashmir University prof, 2 others sacked for terror links

Kashmir University prof, 2 others sacked for terror links

Rediff.com13 May 2022

Three government employees have been sacked by the Jammu and Kashmir administration for their alleged active support to the terrorism.

OTT This Week: Matrix. Masala. Mysteries

OTT This Week: Matrix. Masala. Mysteries

Rediff.com13 May 2022

Sukanya Verma lists your picks.

Delhi's anti-encroachment drive moves into Najafgarh

Delhi's anti-encroachment drive moves into Najafgarh

Rediff.com11 May 2022

Civic authorities on Wednesday carried out an anti-encroachment drive in Najafgarh and other areas in south Delhi, as bulldozers continued to roll in the city to carry out the action.

Heat wave hurting farmers' income as yields drop across several crops

Heat wave hurting farmers' income as yields drop across several crops

Rediff.com11 May 2022

Santosh Patkar of Devgadh Taluka Sindhudurg district of Maharashtra is a worried man these days. Devgadh, which is known as the home to world famous Alphonso variety of mangoes, has seen an unusual drop in yields which is affecting farmers' income. Being one of the primary agricultural produce from the area, Santosh is not untouched by this somewhat rare phenomenon. He said in his own mango garden, yields have come down by a third from most trees.

NIA court charges Hurriyat leader, 7 others in Pak medical seat scam

NIA court charges Hurriyat leader, 7 others in Pak medical seat scam

Rediff.com10 May 2022

A special court in Srinagar on Monday framed charges against eight persons, including a prominent Hurriyat leader, for selling Pakistani MBBS seats in Jammu and Kashmir to fund terror activities.

BharatPe sacks employees, vendors; to claw back shares from Grover

BharatPe sacks employees, vendors; to claw back shares from Grover

Rediff.com10 May 2022

Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw back former founder Ashneer Grover's restricted shares in the firm. The steps have been taken by the company's board following a detailed corporate governance review against the backdrop of alleged lapses and misdoings during the tenure of Grover as managing director. IPO-hopeful BharatPe, which allows shop owners to make digital payments through QR codes, has implemented a new code of conduct for senior management and employees and brought in a comprehensive vendor procurement policy to avoid a repeat of alleged lapses that happened when Grover was managing director.

We are headed for a crash: Arundhati Roy on 'India of today'

We are headed for a crash: Arundhati Roy on 'India of today'

Rediff.com5 May 2022

'The leaders of this country are flying the plane in reverse, everything is falling'

Why India is unlikely to double farmers' income

Why India is unlikely to double farmers' income

Rediff.com2 May 2022

Earlier this month, the Central government said in a reply in Parliament it had taken measures to double farmers' income by the end of FY23 and the progress made so far indicated it was "on the right track". However, a close look at the data and at the assumptions made shows that as of now, it appears the country is unlikely to achieve the goal in real terms.

Chinese warships go ballistic with new mystery missile

Chinese warships go ballistic with new mystery missile

Rediff.com26 Apr 2022

If the initial analysis of this YJ-21 is correct, then China becomes the first country in the world to operationally field such a missile from a naval vessel.

Mystery Behind The Sinking Of The Moskva

Mystery Behind The Sinking Of The Moskva

Rediff.com22 Apr 2022

The symbolism of the sinking of a major naval ship is deeply complex and military history is replete with tales of how the loss of a single high value war ship perhaps impacted the larger war that the nation in question was engaged in, points out Commodore Venugopal Menon (retd).

'A Never-Seen-Before Ranveer'

'A Never-Seen-Before Ranveer'

Rediff.com20 Apr 2022

'My hunger for characters, stories, and work is becoming even more insatiable.' 'I'm obsessed with films, characters, and this whole world.'

Bound by assurance given to Lisbon on Abu Salem, govt tells SC

Bound by assurance given to Lisbon on Abu Salem, govt tells SC

Rediff.com19 Apr 2022

The government is bound by the assurance given by the then deputy prime minister L K Advani to the Portugal government that the maximum sentence handed out to gangster Abu Salem will not exceed 25 years, the Union home secretary has told the Supreme Court.

Harrowing time for Delhi commuters as auto, taxi unions go on 2-day strike

Harrowing time for Delhi commuters as auto, taxi unions go on 2-day strike

Rediff.com18 Apr 2022

Passengers complained that they had to wait a long time for Ola and Uber cabs, and added that those were available at inflated rates.

3 coaches of Dadar-Puducherry train derail in Mumbai as Gadag express dashes it

3 coaches of Dadar-Puducherry train derail in Mumbai as Gadag express dashes it

Rediff.com16 Apr 2022

Three coaches of the Dadar-Puducherry Express (train no 11005) derailed near Matunga station in Mumbai on Friday night after the engine of the CSMT-Gadag Express, going in the same direction, dashed it sideways, a Central Railway official said.

SC orders arbitration to resume over Future's merger with Reliance Retail

SC orders arbitration to resume over Future's merger with Reliance Retail

Rediff.com6 Apr 2022

The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd.

2 policemen among 5 J-K govt employees sacked for terror links

2 policemen among 5 J-K govt employees sacked for terror links

Rediff.com30 Mar 2022

The Jammu and Kashmir administration on Wednesday sacked police constable Tawseef Ahmed Mir, who has been accused of actively working for Hizbul Mujahideen and trying to kill two of his colleagues, and four more employees for alleged links with terror groups.

Adani highest bidder for West Bengal's Tajpur deep-sea port

Adani highest bidder for West Bengal's Tajpur deep-sea port

Rediff.com25 Mar 2022

India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday. APSEZ and Sajjan Jindal-led JSW Group were the only two entities that took part in the financial bid round, though there were more port and logistics majors who had expressed initial interest in the estimated Rs 7,000-crore project in Purba Medinipur district. "APSEZ is the highest bidder, offering a share of 0.25 per cent of gross revenue. "It was marginally higher than the second bidder who offered 0.23 per cent," a senior government official said, without wanting to be named.

India may import 15 mn barrels of cheap Russian oil

India may import 15 mn barrels of cheap Russian oil

Rediff.com24 Mar 2022

Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.

Salute Review

Salute Review

Rediff.com23 Mar 2022

Salute explores narratives of police brutality and unethical practices, power-hungry politicians who will stop at nothing and the helplessness of innocent victims of crime, observes Divya Nair.

Amazon moves SC for resumption of arbitration & preservation of FRL assets

Amazon moves SC for resumption of arbitration & preservation of FRL assets

Rediff.com16 Mar 2022

US e-commerce major Amazon Wednesday apprehended the "disappearance" of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli took note of the allegations of the US firm that the "applecart was being upset" by its rivals and asked the Future group firms, FRL and Future Coupons Ltd (FCPL), to respond to the interim plea of Amazon seeking resumption of arbitration and preservation of assets and fixed the hearing on March 23. Amazon and Future group are engaged in multi-forum litigations on the issue of FRL's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre (SIAC) in October 2020.

Future plans value adjustments, reversal of takeover of stores by RIL

Future plans value adjustments, reversal of takeover of stores by RIL

Rediff.com16 Mar 2022

Future Retail Ltd (FRL) on Wednesday said it is "committed" to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore Biyani-led firm also said the action of the Reliance Group has come as a "surprise" to it. Moreover, the action of taking possession of its stores has "complicated" the positive scenario which had started building up after a CCI order in December 2021, FRL said in a regulatory filing.

Future-RIL deal: Talks have failed, Amazon tells SC

Future-RIL deal: Talks have failed, Amazon tells SC

Rediff.com15 Mar 2022

US e-commerce major Amazon told the Supreme Court on Tuesday that the talks with the Future Group to resolve the dispute over Future Retail's merger deal with Reliance Retail have failed and sought intervention to ensure that the stores of FRL are not taken over. A bench headed by Chief Justice N V Ramana, on March 3, had acceded to Amazon's request and granted 10 days to it for exploring the possibility of resolving the dispute through dialogue with the Future Group. The bench, also comprising justices A S Bopanna and Hima Kohli, is hearing Amazon's appeal against the January 5 order of the Delhi high court, which stayed the arbitration proceedings before the arbitral tribunal over Future Retail's merger deal with Reliance Retail. "It often happens that sometimes, we hope very positively but in the end, it is not positive at all.

Eriksen in Denmark squad for first time since cardiac arrest

Eriksen in Denmark squad for first time since cardiac arrest

Rediff.com15 Mar 2022

Christian Eriksen was called up to the Denmark national squad on Tuesday, the first time he has been selected since he suffered a cardiac arrest at the European Championship last year.

Amazon takes out ads, calls Future store transfer to Reliance a fraud

Amazon takes out ads, calls Future store transfer to Reliance a fraud

Rediff.com15 Mar 2022

Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

SpiceHealth, AAI in blame game over Covid fiasco at Amritsar airport

SpiceHealth, AAI in blame game over Covid fiasco at Amritsar airport

Rediff.com13 Mar 2022

SpiceHealth had on January 6 and January 7 tested 469 passengers who arrived on two charter flights from Italian capital Rome and found 298 of them to be COVID-19-positive.

From CM to nobody: Amarinder fails big time in Punjab

From CM to nobody: Amarinder fails big time in Punjab

Rediff.com10 Mar 2022

Amarinder Singh failed spectacularly in these assembly elections -- his new party failed to open its account, his ally BJP fell flat and he failed to even win his own constituency.

Reliance terminates sub-lease of 950 Future stores

Reliance terminates sub-lease of 950 Future stores

Rediff.com10 Mar 2022

In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. Last month, Reliance Retail had taken over store spaces for which the Future Group couldn't pay lease rent. These were then sub-let to the Future Group for operation.

BharatPe: GST authorities expand probe

BharatPe: GST authorities expand probe

Rediff.com9 Mar 2022

GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover, an official said. GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well. BharatPe had stripped Grover and his wife Madhuri Jain of all positions after a preliminary report of an external audit commissioned by the fintech firm's board showed that the duo indulged in alleged misdeeds and financial irregularities.

US owned Haas terminate Russian racer Mazepin's contract

US owned Haas terminate Russian racer Mazepin's contract

Rediff.com5 Mar 2022

Mazepin called the decision to terminate his contract a 'unilateral step' and said 'no process was followed' in reaching it.

'Hum aapke saath mein hai'

'Hum aapke saath mein hai'

Rediff.com4 Mar 2022

'I want to show that we are also part of this society and want to participate just as much, whether it is for security or whatever community work there.'

Mr Putin, Why Are You Attacking Schools?

Mr Putin, Why Are You Attacking Schools?

Rediff.com4 Mar 2022

Schools in Zhytomyr destroyed by Russian shelling.

Klitschko praises sports bodies for sanctions against Russia, Belarus

Klitschko praises sports bodies for sanctions against Russia, Belarus

Rediff.com3 Mar 2022

Klitschko and his brother Vitali, also a former world heavyweight champion and now the mayor of Kyiv, have both taken up arms against invading Russian forces.

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