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Markets crash 1.6%; Sensex tanked 1,258 points

Markets crash 1.6%; Sensex tanked 1,258 points

Rediff.com6 Jan 2025

From the 30-share blue-chip pack, Tata Steel, NTPC, Kotak Mahindra Bank, IndusInd Bank, Power Grid, Zomato, Adani Ports, Asian Paints, Mahindra & Mahindra and Reliance Industries were among the biggest laggards. Titan and Sun Pharma were the only gainers.

Markets end in red on surging crude prices, FII outflows

Markets end in red on surging crude prices, FII outflows

Rediff.com10 Jan 2025

From the 30-share blue-chip pack, IndusInd Bank, NTPC, UltraTech Cement, Sun Pharma, Axis Bank, State Bank of India, Tata Steel, Power Grid, Adani Ports and Kotak Mahindra Bank were among the major laggards. Tata Consultancy Services jumped nearly 6 per cent after the IT services company reported an 11.95 per cent jump in the December quarter net profit to Rs 12,380 crore. Tech Mahindra, HCL Tech, Infosys and Bajaj Finserv were the other big gainers.

Strategic pacts reshape energy turf

Strategic pacts reshape energy turf

Rediff.com13 Feb 2025

Leading oil companies dedicated the second day of India Energy Week (IEW) 2025 to announcing strategic deals and business agreements across the supply chain - from sourcing more crude oil supply to deploying more domestic ships and building gas distribution capacity.

Why are tigers in Maharashtra dying?

Why are tigers in Maharashtra dying?

Rediff.com18 Mar 2025

'The true measure of Project Tiger's success is not just rising tiger numbers, but our ability to ensure harmonious human-wildlife coexistence'

Bribery charges are credit negative for Adani group: Moody's

Bribery charges are credit negative for Adani group: Moody's

Rediff.com21 Nov 2024

Moody's Ratings on Thursday said it will look at Adani group's governance practices when assessing the ports-to-energy conglomerate's ability to access capital in the aftermath of indictment of the group head Gautam Adani on bribery charges. "The indictment of Adani Group's chairman and other senior officials on bribery charges is credit negative for the group's companies," Moody's Ratings said in a statement.

Sensex pares intra-day high to end up 598 points

Sensex pares intra-day high to end up 598 points

Rediff.com3 Dec 2024

From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers. Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

Not feasibl to...: SC disposes of PIL on mob lynching

Not feasibl to...: SC disposes of PIL on mob lynching

Rediff.com11 Feb 2025

The Supreme Court of India has dismissed a plea seeking directions to states to take immediate action against mob lynching and cow vigilantism, particularly against Muslims. The court stated that it was not feasible to "micro-manage" such incidents from Delhi and referred to its 2018 verdict, which issued guidelines to address mob violence and cow vigilantism. The court also noted that the new Bharatiya Nyaya Sanhita (BNS) criminalizes mob lynching as a separate offence. The plea argued that there was "gross non-compliance" with the 2018 directions, but the court maintained that authorities were bound by its previous rulings.

Is there a path for automobiles beyond diesel engines?

Is there a path for automobiles beyond diesel engines?

Rediff.com27 Jan 2025

'The path beyond diesel is not going to be clear. It is really going to be dependent on applications.'

Rs 2,541 cr boost for tourism, 50 destinations to be developed

Rs 2,541 cr boost for tourism, 50 destinations to be developed

Rediff.com1 Feb 2025

India's Finance Minister Nirmala Sitharaman has announced an ambitious plan to develop the country's top 50 tourist destinations in a "challenge mode", with the aim of boosting employment-led growth and attracting international visitors. The Ministry of Tourism has received a significant budget increase for 2025-2026, with a focus on enhancing tourism infrastructure, promoting domestic and international travel, and ensuring the safety of tourists, particularly women. The government plans to promote homestays, improve connectivity to tourist spots, and provide performance-linked incentives to states that demonstrate effective destination management. The budget also includes investments in public enterprises, skill development programs, and initiatives to promote medical tourism and spiritual tourism.

Infosys Q3 profit up 11.5%; raises growth guidance

Infosys Q3 profit up 11.5%; raises growth guidance

Rediff.com16 Jan 2025

IT services major Infosys on Thursday reported 11.46 per cent increase in consolidated net profit at Rs 6,806 crore for December quarter FY25 and raised its guidance on the back of growth in financial services and manufacturing. The company had logged a profit of Rs 6,106 crore in the corresponding period of the previous fiscal.

How Many Billionaires Does India Have?

How Many Billionaires Does India Have?

Rediff.com21 Dec 2024

The number of Indian billionaires has grown by 123 per cent in the 10-year period, reaching 185 in 2024. Their wealth has grown by 263 per cent to $905.6 billion.

Telcos seek easing of 'stringent quality of service' norms

Telcos seek easing of 'stringent quality of service' norms

Rediff.com10 Jan 2025

Continuing to push back against the stringent quality of service (QoS) norms brought in by the Telecom Regulatory Authority of India (Trai), telcos have informed the Department of Telecommunications (DoT) that collection and submission of monthly and site-to-cell-level data should be eased, officials and industry sources said. In place since October last year, the QoS norms call for data for network availability, call drop, voice packet drop rate in uplink and downlink, among other parameters, to be collected at the cell level.

Shashi Ruia, co-founder of Essar group, passes away

Shashi Ruia, co-founder of Essar group, passes away

Rediff.com26 Nov 2024

Essar Group co-founder Shashi Ruia has died after a prolonged illness. He was 80.

Elgar Parishad case: HC flags violation of Article 21

Elgar Parishad case: HC flags violation of Article 21

Rediff.com15 Jan 2025

Prolonged incarceration without trial amounts to infringement of the right to life under the Constitution, the Bombay high court said while urging a special court to expedite the trial in the 2018 Elgar Parishad-Maoist links case.

Trump's tariff threats spooks markets; Sensex down 106 points

Trump's tariff threats spooks markets; Sensex down 106 points

Rediff.com26 Nov 2024

Trump's tariff threats spooks markets; Sensex down 106 points

2,000 notes: Rs 6,839 cr still with the public

2,000 notes: Rs 6,839 cr still with the public

Rediff.com2 Dec 2024

The Reserve Bank on Monday said 98.08 per cent of the Rs 2,000 banknotes have been returned to the banking system, and only Rs 6,839 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes from circulation.

Sensex slumps over 400 pts on selloff in IT, banking stocks

Sensex slumps over 400 pts on selloff in IT, banking stocks

Rediff.com17 Jan 2025

Zomato emerged as the biggest gainer, followed by Reliance, Nestle, Asian Paints and Power Grid.

Infosys countersues Cognizant, its CEO in battle over misuse of information

Infosys countersues Cognizant, its CEO in battle over misuse of information

Rediff.com11 Jan 2025

Information Technology (IT) major Infosys escalated the legal tussle with Cognizant by filing a countersuit in a US court, accusing the Nasdaq-listed firm and its Chief Executive Officer (CEO) Ravi Kumar of anticompetitive practices by maintaining its monopoly. Infosys has also alleged that Kumar misused sensitive information that slowed the launch of the company's health care platform Helix.

The Home Netaji Left Never To Return

The Home Netaji Left Never To Return

Rediff.com23 Jan 2025

Subhas Chandra Bose was under house arrest, yet he pulled out a daring escape from his Elgin Road residence in Calcutta to Germany via Pakistan, Afghanistan, Russia...

Zomato, Swiggy hike platform fee in certain cities

Zomato, Swiggy hike platform fee in certain cities

Rediff.com24 Oct 2024

Online food delivery platforms Zomato and Swiggy have hiked platform fee in certain cities in the midst of festive season. The two rivals are now charging Rs 10 as platform fee in the national capital.

Reliance spent $13 bn on acquisitions in five years

Reliance spent $13 bn on acquisitions in five years

Rediff.com31 Dec 2024

Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report.

Sensex, Nifty tumble amid sharp fall in Adani stocks

Sensex, Nifty tumble amid sharp fall in Adani stocks

Rediff.com21 Nov 2024

State Bank of India, NTPC, ITC, Asian Paints, Bajaj Finance and Bajaj Finserv were also among the major laggards. In contrast, Power Grid, UltraTech Cement, HCL Technologies and Axis Bank were among the gainers.

After Narayana Murthy, L&T head suggests 90-hour work week

After Narayana Murthy, L&T head suggests 90-hour work week

Rediff.com9 Jan 2025

Larsen & Toubro (L&T) chairman S N Subrahmanyan sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays.

Reliance Q3 net rises 7.4% on rebound in retail, higher telecom earnings

Reliance Q3 net rises 7.4% on rebound in retail, higher telecom earnings

Rediff.com16 Jan 2025

Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose. Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.

HDFC Bank Q3 profit edges up 2.3% on slower loan growth

HDFC Bank Q3 profit edges up 2.3% on slower loan growth

Rediff.com22 Jan 2025

HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.

India Inc pays rich tributes to Manmohan Singh

India Inc pays rich tributes to Manmohan Singh

Rediff.com27 Dec 2024

Singh, who opened up the economy as finance minister and served as prime minister for two consecutive terms, died on Thursday at the age of 92. "History will forever honour his pivotal role in the transformative 1991 reforms that reshaped India and opened its doors to the world.

Power utilities likely to see moderate growth in Q3 earnings

Power utilities likely to see moderate growth in Q3 earnings

Rediff.com22 Jan 2025

Power utilities may report moderate growth in earnings for Q3FY25. Generation is up 3 per cent year-on-year (Y-o-Y) in Q3 on lower cooling demand and high base, to 429 billion units (BU). Peak demand was steady at 224 Gw in Q3FY25, a 10 per cent decline from the record highs of 250 Gw in May 2024.

Why brokerages have revised their target prices for DMart

Why brokerages have revised their target prices for DMart

Rediff.com14 Jan 2025

Brokerages on DMart Q3 results: Avenue Supermarts (DMart) shares slipped as much as 5.74 per cent to hit an intraday low of Rs 3,474 per share on Monday. However, the stock recovered slightly to close at Rs 3,507.95, down 4.82 per cent. Notably, the 52-week low for DMart shares is Rs 3,400. The downward movement in DMart's share price was triggered by the company's 2024-25 (FY25) October-December quarter (Q3) results, which missed Street expectations.

'Never Imagined Meeting Hardened Criminals'

'Never Imagined Meeting Hardened Criminals'

Rediff.com6 Feb 2025

'We have been fighting to treat political prisoners differently.' 'Except for Hyderabad and Kolkata, the concept of keeping political prisoners separate doesn't exist in India.'

Delhi's air quality ranks severe in some areas

Delhi's air quality ranks severe in some areas

Rediff.com5 Nov 2024

Delhiites continued to breathe toxic air on Tuesday as the air quality edged closer to the severe zone in some areas.

Markets slump 1%; Sensex tumbled 821 points

Markets slump 1%; Sensex tumbled 821 points

Rediff.com12 Nov 2024

From the 30-share Sensex pack, NTPC, Asian Paints, HDFC Bank, State Bank of India, Tata Motors, JSW Steel, Maruti and Power Grid were among the major laggards. On the other hand, Sun Pharma, Infosys and ICICI Bank were the gainers.

MTech Grads, How You Can Get Govt Jobs

MTech Grads, How You Can Get Govt Jobs

Rediff.com6 Jan 2025

rediffGURU Aasif Ahmed Khan counsels students on the best career options in tech and engineering.

HC suspends Chhota Rajan's life sentence, grants bail

HC suspends Chhota Rajan's life sentence, grants bail

Rediff.com23 Oct 2024

Rajan will, however, continue to remain in jail in connection with other criminal cases.

Govt cuts gas allocation for LPG, diverts to city gas retailers

Govt cuts gas allocation for LPG, diverts to city gas retailers

Rediff.com3 Jan 2025

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according an official order. The government had in October and November last year cut supplies of low-priced natural gas coming from old fields such as Mumbai High and Bassein fields in the Bay of Bengal, to city gas retailers by as much as 40 per cent in view of limited output.

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

Rediff.com31 Jan 2025

'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'

Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das

Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das

Rediff.com10 Dec 2024

Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.

7 Years Later, Bhima Koregaon Revisited

7 Years Later, Bhima Koregaon Revisited

Rediff.com1 Jan 2025

With all the evasions, one assertion made by the Pune (Rural) police stood out: They had found no connection of the Elgar Parishad with the violent incidents of January 1, 2018. Yet, the case against the 'Bhima Koregaon 16', which is based on exactly this alleged connection, continues, and seven of the accused continue to be behind bars under the UAPA, explains Jyoti Punwani.

Sensex falls 385 points amid weak global trends

Sensex falls 385 points amid weak global trends

Rediff.com16 Dec 2024

From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards.

Dilli Ab Door Nahin!

Dilli Ab Door Nahin!

Rediff.com15 Jan 2025

'Delhi's streets were not alleys but an artist's canvas,' the eminent poet Mir Taqi Mir noted more than 150 years ago. Syed Firdaus Ashraf savours the sights and cuisine of the national capital.

SC grants bail to 8 convicts in Hashimpura massacre case

SC grants bail to 8 convicts in Hashimpura massacre case

Rediff.com6 Dec 2024

The Supreme Court of India granted bail to eight convicts in the 1987 Hashimpura massacre case. The case involved the killing of 38 people by personnel of the Provincial Armed Constabulary. The court considered the fact that the convicts have been incarcerated for over six years following the Delhi High Court's reversal of their acquittal by the trial court.