News for '-customs'

Centralised KYC system in works, says Sebi

Centralised KYC system in works, says Sebi

Rediff.com4 May 2025

Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has said. The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions.

Rare earth inventories may run dry by mid-July

Rare earth inventories may run dry by mid-July

Rediff.com13 Jun 2025

Inventories of rare earth magnets used in critical automotive components - particularly electric vehicle (EV) traction motors and power steering systems - could run dry by mid-July this year, according to rating agency Icra.

Glitch grounds AI's San Francisco-Mumbai flight in Kolkata

Glitch grounds AI's San Francisco-Mumbai flight in Kolkata

Rediff.com17 Jun 2025

The termination led to chaotic scenes at the Netaji Subhas Chandra Bose International Airport as the 211 passengers on the Boeing 777-200 LR tried to convince officials to let them reach their destination at the earliest.

How Lamb played hand in Tendulkar's maiden Test ton

How Lamb played hand in Tendulkar's maiden Test ton

Rediff.com29 Jun 2025

Speaking to PTI, Lamb also spoke passionately about his playing days with Kapil Dev in County cricket and why he rates Sachin Tendulkar over Sunil Gavaskar and Virat Kohli.

Heiress of Clam, Aishwarya

Heiress of Clam, Aishwarya

Rediff.com23 May 2025

Aishwarya Rai Bachchan picked a custom made Gaurav Gupta gown for her second appearance at Cannes.

Injury-prone England pacer thought of toe amputation!

Injury-prone England pacer thought of toe amputation!

Rediff.com6 Jun 2025

England pacer Brydon Carse has opened up about his recent injury ordeal, saying he contemplated amputating a toe to overcome a persistent and painful problem that kept him out of action for months.

Ultraviolette Unveils 2 e-bikes in Paris, opens gateway to EU

Ultraviolette Unveils 2 e-bikes in Paris, opens gateway to EU

Rediff.com19 Jun 2025

The company is targeting countries like Germany, Italy, France, Spain, Portugal, and the UK which account for over 70 per cent of Europe's two-wheeler volumes.

Princess Vibes! Janhvi At Cannes

Princess Vibes! Janhvi At Cannes

Rediff.com21 May 2025

The elegant actor walked the red carpet for her film, Homebound.

'Shubman Gill will be a mix of both Rohit and Kohli'

'Shubman Gill will be a mix of both Rohit and Kohli'

Rediff.com17 Jun 2025

India's new Test captain Shubman Gill is a mix of his predecessors Rohit Sharma and Virat Kohli but he will be 'very much his own man' in the middle, said Jos Buttler.

'Nothing As Heartbreaking As This'

'Nothing As Heartbreaking As This'

Rediff.com17 Jun 2025

'We consider everyone who lost someone in this tragedy as part of our family -- now and forever.'

Rare Earth Magnet Shortage: Will China Play Ball?

Rare Earth Magnet Shortage: Will China Play Ball?

Rediff.com25 Jun 2025

The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.

Iran-Israel war: India ramps up oil imports from Russia, US in June

Iran-Israel war: India ramps up oil imports from Russia, US in June

Rediff.com22 Jun 2025

Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.

Anil Ambani's Reliance, Dassault in pact to make Falcon jets in India

Anil Ambani's Reliance, Dassault in pact to make Falcon jets in India

Rediff.com18 Jun 2025

In a move that signifies a major leap for India's aerospace manufacturing capabilities, the collaboration will establish a final assembly line for the Falcon 2000 jets in Nagpur, Maharashtra.

Most PSBs see decline in headcount even as branches spread

Most PSBs see decline in headcount even as branches spread

Rediff.com16 Jun 2025

At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years.

Passenger vehicle retail sales dip 3% in May as demand softens: FADA

Passenger vehicle retail sales dip 3% in May as demand softens: FADA

Rediff.com6 Jun 2025

Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said on Friday. The passenger vehicle registrations last month stood at 302,214 units, as compared to 311,908 units in May 2024.

Shubhanshu Shukla gets ready for historic spaceflight

Shubhanshu Shukla gets ready for historic spaceflight

Rediff.com9 Jun 2025

Indian astronaut Shubhanshu Shukla and three others were getting ready for their journey to the International Space Station on board SpaceX's Falcon-9 rocket that is scheduled to blast off from the Kennedy Space Centre (KSC) in Florida on Tuesday evening.

Bank customer has zero liability for unauthorised transaction: HC

Bank customer has zero liability for unauthorised transaction: HC

Rediff.com13 Jun 2024

The bench referred to three reports submitted by the cyber cell police which said the beneficiaries were added to the bank account without any message or OTP received on the registered mobile number and email to the registered email account.

Top 5 Fastest Growing Stocks in 2025

Top 5 Fastest Growing Stocks in 2025

Rediff.com24 Jun 2025

To help you ride the growth trajectory of India's equity markets, we have curated the top five fastest-growing stocks that hold an impressive upside. If you're planning to build a sound portfolio and capitalize on the growth of these leading institutions, it's time you watch these stocks.

Adani Group to invest $5-20 bn over next 5 years

Adani Group to invest $5-20 bn over next 5 years

Rediff.com24 Jun 2025

The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.

Manish, Sabyasachi Impress At Met Gala

Manish, Sabyasachi Impress At Met Gala

Rediff.com6 May 2025

Indian celebrities and designers are ruling the show on the red carpet.

Mid-tier IT firms outpaced larger peers' growth in FY25

Mid-tier IT firms outpaced larger peers' growth in FY25

Rediff.com22 May 2025

Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.

Zomato's parent Eternal Q4 net profit falls 78% to Rs 39 cr

Zomato's parent Eternal Q4 net profit falls 78% to Rs 39 cr

Rediff.com2 May 2025

Eternal (formerly known as Zomato) reported a net profit of Rs 39 crore for the fourth quarter of FY25, down 77.7 per cent year-on-year from Rs 175 crore in the same period a year ago. On a sequential basis, profit was also down 33.8 per cent from Rs 59 crore in the preceding quarter (Q3FY25).

What are India's free trade agreements?

What are India's free trade agreements?

Rediff.com6 May 2025

India finalised a free trade agreement with the UK, its 16th so far as the country aimed at boosting bilateral trade and investments. The other regions and countries with which India has signed such agreements include the four-nation European bloc EFTA, Japan, Korea and Australia.

Look Who's Wearing Gaurav Gupta At Cannes

Look Who's Wearing Gaurav Gupta At Cannes

Rediff.com23 May 2025

*The designer was all praise for Henson. 'Taraji is a luminous force -- magnetic, unapologetic and unforgettable. We wanted the gown to feel like it was carved from light itself. Sculpted, but not rigid. Sensual, but powerful.'

Customs duty exemption on lithium, cobalt to aid growth of EV sector

Customs duty exemption on lithium, cobalt to aid growth of EV sector

Rediff.com23 Jul 2024

The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Rediff.com8 May 2025

Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.

Will ATMs Dispense Rs 100, 200 By September?

Will ATMs Dispense Rs 100, 200 By September?

Rediff.com18 Jun 2025

Filling of Rs 100 and Rs 200 notes result in faster depletion and more frequent cash replenishment. This will cost banks and managed service providers more.

Why 500,000 Indians Visited Vietnam

Why 500,000 Indians Visited Vietnam

Rediff.com3 Jul 2025

Stunning landscapes, natural beauty, clean beaches, cultural wealth, mouth-watering food, shopping options, safety for solo travellers, warm hospitality, easy visas, and connectivity make Vietnam a must-visit destination, discovers Ramesh Menon.

When Shalini Passi, Radhika Ambani Wore Art!

When Shalini Passi, Radhika Ambani Wore Art!

Rediff.com21 May 2025

When art steps off the canvas and onto the red carpet, the result is pure visual poetry.

Pahalgam Attack Aftermath: Where Have The Tourists Gone?

Pahalgam Attack Aftermath: Where Have The Tourists Gone?

Rediff.com5 May 2025

In the aftermath of the horrific Pahalgam attack, which claimed the lives of 26 tourists and injured many others, many travelers have canceled plans to visit Kashmir, depriving tour operators in the Valley of business during the otherwise proftable tourist season.

Sunken ship's containers with hazardous material wash ashore in Kerala

Sunken ship's containers with hazardous material wash ashore in Kerala

Rediff.com26 May 2025

Containers from a Liberian cargo ship that sank off the Kerala coast have started washing ashore, prompting authorities to urge the public to stay away from them. The ship carried 13 hazardous cargos, including calcium carbide, which reacts with seawater to release highly flammable acetylene gas. The Indian Coast Guard is leading pollution response efforts and monitoring the spread of the oil slick.

How Outrageous Did Met Gala Get This Year? Take A Look

How Outrageous Did Met Gala Get This Year? Take A Look

Rediff.com9 May 2025

In keeping with the mood of the evening, there were several outfits that definitely took fashion risks. Did it pay off? You tell us.

Want Steady Monthly Income? How Bonds Could Help

Want Steady Monthly Income? How Bonds Could Help

Rediff.com25 Jun 2025

Saurav Ghosh's step-by-step guide will help you understand what bonds are, how they help investors make money, how much money they make and which bonds to invest in.

RBI to focus on enhancing cyber resilience and capabilities of SEs

RBI to focus on enhancing cyber resilience and capabilities of SEs

Rediff.com29 May 2025

The Reserve Bank on Thursday affirmed its commitment to continue with its supervisory measures aimed at early identification of risks and vulnerabilities. The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, it said in its annual report.

10 Times Suhana Gave Us Desi Girl Goals

10 Times Suhana Gave Us Desi Girl Goals

Rediff.com22 May 2025

As Suhana Khan turns a year older, we take a look at her envious desi wardrobe!

BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai

BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai

Rediff.com17 Apr 2025

Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. BluSmart app, that offered more than 8,000 taxis in the three metros, stopped taking bookings on Wednesday evening and remained unoperational on Thursday as well.

Air India faces worst crisis, cancels 7 int'l flights amid crash fallout

Air India faces worst crisis, cancels 7 int'l flights amid crash fallout

Rediff.com17 Jun 2025

While Air India cancelled six international flights due to aviation regulator DGCA subjecting its Dreamliner fleet to enhanced checks, the Ahmedabad-London Gatwick one was cancelled due to unavailability of aircraft, the airline said.

PIX: Pahalgam attack dulls tourist activity at Dal Lake

PIX: Pahalgam attack dulls tourist activity at Dal Lake

Rediff.com29 Apr 2025

Tourist activity at Dal Lake has witnessed a sharp decline following the recent terrorist attack in Pahalgam, which resulted in the deaths of 26 tourists and injuries to several others.

Why BMW India hopes to buck the trend of low sales in 2025

Why BMW India hopes to buck the trend of low sales in 2025

Rediff.com14 Apr 2025

While sedan sales have declined in the mass-market segment in recent years, demand remains strong for BMW sedans, which account for 45 per cent of its sales in India.

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