News for 'Amit Dave'

Statue of Unity among Time's 'greatest places in the world'

Statue of Unity among Time's 'greatest places in the world'

Rediff.com23 Aug 2019

The Time list also includes Zakouma National Park in Chad, Red Sea Mountain Trail in Egypt, Newseum in Washington, The Shed in New York City, the Geosea Geothermal Sea Baths in Iceland, Six Senses Hotel in Bhutan, Leopard Hill in Mara Naboisho Conservancy, Kenya and the Pohoiki in Isaac Hale Beach Park in Hawaii.

Paytm looks to rationalise employee costs by revising hiring strategy

Paytm looks to rationalise employee costs by revising hiring strategy

Rediff.com2 Jan 2024

Sources close to the development told Business Standard the company was exploring different ways to save on its employee costs and had laid off a few employees on "performance" grounds. "We will see a similar development for the next few months. "The company is fine-tuning its hiring policies and implement rigourous measures to look into employee performance," a source said.

Airtel's Q3 net rises 54% to Rs 2,442 crore

Airtel's Q3 net rises 54% to Rs 2,442 crore

Rediff.com5 Feb 2024

Bharti Airtel on Monday posted a 54 per cent jump in consolidated net profit to Rs 2,442.2 crore in the December quarter, mainly on account of growth in high value customers. Airtel prepaid mobile customers are required to pay at least Rs 155 for about a month-long service as the company had raised rates by 56 per cent in January 2023. Bharti Airtel managing director Gopal Vittal has indicated a need for further increase in mobile services rates.

Shubman Gill India's new all-format player?

Shubman Gill India's new all-format player?

Rediff.com12 Mar 2023

Shubman Gill, 23, already has a century in each of the three international formats.

Can India Reverse 2019 Semis Defeat?

Can India Reverse 2019 Semis Defeat?

Rediff.com12 Nov 2023

India face a replay of their 2019 World Cup semi-final against New Zealand, while South Africa are set for a tough Australian challenge as the semi-final line-ups was confirmed on Saturday.

Core sector output dips to 6-month low of 4.5% in Jul

Core sector output dips to 6-month low of 4.5% in Jul

Rediff.com31 Aug 2022

The output of eight core infrastructure sectors contracted to six-month low of 4.5 per cent in July against 9.9 per cent in the year-ago period, according to official data released on Wednesday. The output of these infrastructure sectors expanded by 13.2 per cent in June, 19.3 per cent in May, 9.5 per cent in April, 4.8 per cent in March, 5.9 per cent in February and 4 per cent in January. The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 11.5 per cent in April-July this fiscal against 21.4 per cent a year ago.

Should Govt Continue Covid Vax Drive?

Should Govt Continue Covid Vax Drive?

Rediff.com20 May 2024

India has covered enough population with vaccine and infection, but protein vaccines should remain available on payment basis for elderly and those with comorbidities.

Direct listing of firms at GIFT City likely by year-end

Direct listing of firms at GIFT City likely by year-end

Rediff.com7 Sep 2023

The International Financial Services Centre Authority (IFSCA) plans to operationalise the framework for direct listing of companies at International Financial Services Centre (IFSC) exchanges by the end of the year, said Chairperson K Rajaraman. He added that the amendments would be notified within three months. Further, the GIFT City regulator is also considering the launch of separate payments system regulations - similar to that of the real time gross settlement (RTGS) for banking within a few months.

Remarkable Acts of Human Kindness

Remarkable Acts of Human Kindness

Rediff.com13 May 2022

Doctors at the Jivdaya Charitable Trust have treated thousands of birds in the last few weeks, adding that rescuers bring dozens of birds every day.

Maharashtra municipal polls to be held without OBC quota

Maharashtra municipal polls to be held without OBC quota

Rediff.com8 Jul 2022

Elections to 92 nagar parishads and four nagar panchayats in Maharashtra will be held on August 18, the State Election Commission (SEC) announced on Friday.

'No Doctor Opens A Hospital These Days'

'No Doctor Opens A Hospital These Days'

Rediff.com25 Oct 2024

'Healthcare is not an industry.' 'The government is only encouraging insurance as they are not able to provide healthcare to people.' 'Opening new medical colleges is not what is needed.' 'You have to invest in public sector hospitals.' 'You cannot hand over healthcare to the private industry.'

Majority of pilots have accepted new salary package: Air India chief Campbell Wilson

Majority of pilots have accepted new salary package: Air India chief Campbell Wilson

Rediff.com28 Apr 2023

Air India chief Campbell Wilson on Friday said that a majority of pilots have accepted the new compensation package offered last week, amid protests by Air India pilots' unions against the revised salary structure and service conditions. The loss-making airline, which was taken over from the government by the Tata Group in January 2022, has announced a new compensation package for pilots and cabin crew. In his weekly message to Air India staff on Friday, Campbell said the airline is making investments in workplace technology and training as well as in new and improved employee benefits.

Growth gains, dividend yield to support ITC stock

Growth gains, dividend yield to support ITC stock

Rediff.com21 Dec 2023

ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly one-third of the market share, legal cigarette volumes have recovered to around 96 per cent of peak FY13 volumes, after dipping to 70 per cent in FY21.

Passengers were asked to be seated, says SpiceJet as DGCA begins probe

Passengers were asked to be seated, says SpiceJet as DGCA begins probe

Rediff.com2 May 2022

SpiceJet on Monday said the seat belt sign was on and multiple announcements were made by crew members asking passengers to remain seated on its Mumbai-Durgapur flight on Sunday.

Industrial production declines 8% in August

Industrial production declines 8% in August

Rediff.com12 Oct 2020

Industrial production declined by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Monday. According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 8.6 per cent, while the output of mining and power segments fell 9.8 per cent and 1.8 per cent, respectively.

SpiceJet, Credit Suisse resolve financial dispute

SpiceJet, Credit Suisse resolve financial dispute

Rediff.com18 Aug 2022

Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras high court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. "There is a settlement which has taken place on May 23, 2022 as per the consent terms.

Look how far the 'Statue of Unity' has come

Look how far the 'Statue of Unity' has come

Rediff.com28 Aug 2018

The Rs 1,989 crore statue being built to honour Sardar Vallabhai Patel has taken 3,000 labourers nearly 5 years to complete.

Boost Consumption Of The Poorest 80 Crores And Not The Richest Eight Crores

Boost Consumption Of The Poorest 80 Crores And Not The Richest Eight Crores

Rediff.com15 Jul 2024

There are reports that the government will soon cut income taxes by about Rs 50,000 crore to boost consumption.
Prime Minister Modi, I suggest that, instead, you distribute about one lakh crore rupees per year to the 80 crore poor, which will boost both consumption and economic growth, suggests Kalyan Singhal, McCurdy Professor of Business at the University of Baltimore.

2,200 people evacuated from rain-hit Gujarat... and there are still more to save

2,200 people evacuated from rain-hit Gujarat... and there are still more to save

Rediff.com24 Jul 2017

Army and air force contingents have been rushed in to assist in relief and rescue operations.

Dalmia Bharat to acquire cement assets of Jaypee

Dalmia Bharat to acquire cement assets of Jaypee

Rediff.com12 Dec 2022

Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement Bharat Limited (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates Limited and its associate company." The deal includes a total cement capacity of 9.4 Million tones (MnT) per annum, along with clinker capacity of 6.7 MnT and thermal power plants of 280MW at an enterprise value of Rs 5,666 crore, it added.

Don't bring down system like this, says SC in hearing on EVMs

Don't bring down system like this, says SC in hearing on EVMs

Rediff.com16 Apr 2024

The Supreme Court on Tuesday deprecated criticism of electronic voting machines (EVMs) and calls for reverting to ballot papers, saying the electoral process in India is a "humongous task" and attempts should not be made to "bring down the system".

Govt imposes 40% export duty on onion

Govt imposes 40% export duty on onion

Rediff.com19 Aug 2023

The government on Saturday imposed a 40 per cent duty on the export of onions to increase domestic availability amid signs of increasing prices. The export duty, which is the first time ever on onion, has been imposed as the retail sale price of the kitchen staple, according to government data, touched Rs 37/kg on Saturday in Delhi. The finance ministry through a Customs notification imposed a 40 per cent export duty on onions till December 31, 2023.

Poverty in India eased in '21, but was above '18 level: World Bank data

Poverty in India eased in '21, but was above '18 level: World Bank data

Rediff.com19 Oct 2023

Extreme poverty in India declined by 38 million in 2021 to 167.49 million after a surge in the two preceding years, but remained above the 2018 level, the latest World Bank data shows. While for most countries poverty rose in 2020, when the Covid-19 pandemic hit the global economy, the data shows poverty shot up in India a year earlier in 2019 to 176.09 million from 151.79 million in 2018, the lowest pre-pandemic count. India's poverty rate at 11.9 per cent in 2021 also remained higher than the 2018 level of 11.09 per cent, though easing from 14.72 per cent in 2020.

Pvt equity inflow in realty sector down 5% to $1.9 bn in Q1

Pvt equity inflow in realty sector down 5% to $1.9 bn in Q1

Rediff.com10 Jul 2023

Private equity (PE) investment in real estate declined 5 per cent year-on-year in April-June to $1.9 billion because of high interest rates, according to Anarock. PE inflows stood at $2 billion in the year-ago period. Real estate consultant Anarock has come out with a report titled 'FLUX Q1 FY24 Market Monitor for Capital Flows in Indian Real Estate'.

ITC would increasingly try to go outside India: Sanjiv Puri

ITC would increasingly try to go outside India: Sanjiv Puri

Rediff.com20 Feb 2024

Sanjiv Puri, chairman and managing director of ITC, is looking to expand the conglomerate's play outside India by taking "strategic positions" in markets close to home in the non-cigarette fast-moving consumer goods (FMCG) and hospitality businesses. In a recent conversation with Business Standard, Puri revealed that ITC is setting sights beyond India's borders. "We already export to 100-odd countries. We want to scale that up and take some strategic positions in markets close to us," he said.

DCGI gives nod for study on mixing Covaxin, Covishield

DCGI gives nod for study on mixing Covaxin, Covishield

Rediff.com11 Aug 2021

An expert panel of the Central Drugs Standard Control Organisation on July 29 had recommended granting permission for conducting the study.

I really want to win that World Cup, not thought of retirement: Rohit

I really want to win that World Cup, not thought of retirement: Rohit

Rediff.com12 Apr 2024

Rohit also shared his memory of playing against the legendary Shane Warne in the IPL.

Bangla minister woos India for investment

Bangla minister woos India for investment

Rediff.com6 Sep 2022

Bangladesh provides huge business opportunties in different sectors and Indian companies should explore areas of investments, Bangladesh Commerce Minister Tipu Munshi said on Tuesday. He said that government policies in Bangladesh are in favour of businesses. "Please do come and invest in Bangladesh," Munshi said in New Delhi while addressing businesses of both the countries.

India can win Tests on any pitch: Rohit Sharma

India can win Tests on any pitch: Rohit Sharma

Rediff.com18 Feb 2024

Skipper Rohit Sharma stressed on the Indian team's ability to win games on any surface including rank turners, following its record 434-run win over England on a flat track in Rajkot on Sunday.

Paytm net loss widens to Rs 550 crore in Q4

Paytm net loss widens to Rs 550 crore in Q4

Rediff.com22 May 2024

Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.

Ambuja Cement, ACC say no shares pledged by promoter Adani group

Ambuja Cement, ACC say no shares pledged by promoter Adani group

Rediff.com2 Feb 2023

Adani group firms Ambuja Cement Ltd and ACC Ltd on Thursday said no shares of the companies have been pledged by the promoters, who have only provided a "non-disposal undertaking". In a joint statement to stock exchanges, Ambuja Cement Ltd and ACC Ltd termed as "misleading" reports of pledging of shares by the promoters as part of financing their acquisition. "Consequently, there are market rumours that amid market volatility, there is a requirement to meet the top-up triggers where in there is selling pressure," the statement said.

Police on 'alert mode' across Gujarat for Indo-Pak match

Police on 'alert mode' across Gujarat for Indo-Pak match

Rediff.com13 Oct 2023

Police heads of various units across Gujarat have been instructed to be on "alert mode" and keep a close watch on anti-social elements as well as sensitive areas to avoid any untoward incident.

Spinners will play key role in upcoming T20 World Cup: Maharaj

Spinners will play key role in upcoming T20 World Cup: Maharaj

Rediff.com10 Feb 2024

South Africa's premier left-arm spinner Keshav Maharaj is confident that slow bowlers will play a vital role on flat decks expected to be on offer during the upcoming ICC T20 World Cup in the Americas in June.

Manufacturing activity eases for 2nd straight month in July

Manufacturing activity eases for 2nd straight month in July

Rediff.com1 Aug 2023

Manufacturing sector activities in India moderated for the second straight month in July as rates of expansion in output and new orders eased slightly, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) eased to 57.7 in July from 57.8 in June. Despite the fall, the Indian manufacturing sector maintained strong growth momentum at the start of the third quarter amid ongoing buoyant demand, the survey said.

Air India junks rumours of shutting down

Air India junks rumours of shutting down

Rediff.com6 Jan 2020

Air India's financially and operational condition is being appropriately dealt with without compromising on our service levels" Meenakshi Malik, director-commercial, Air India.

Air India gives more time to pilots to accept revised compensation structure

Air India gives more time to pilots to accept revised compensation structure

Rediff.com9 May 2023

Air India has given more time to pilots to accept the revised compensation structure, which has been opposed by two pilot unions, according to a source. The decision to provide more time to pilots who are yet to sign the new contracts also comes days after Air India organised a town hall meeting with many pilots to discuss their concerns. The source said the airline has given time till the end of this week for signing the new contracts apparently due to requests from people who had not earlier accepted the revised compensation structure.

Nirmalaji And Why I Was Suspended!

Nirmalaji And Why I Was Suspended!

Rediff.com2 Feb 2024

'My protest was in the interest of the nation.' 'I am just doing my duty as a citizen of this country.'

Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

Rediff.com8 Mar 2024

After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).

Air India told to repair shabby interiors

Air India told to repair shabby interiors

Rediff.com25 Apr 2022

Aviation regulator DGCA has asked Tata Group-owned Air India to repair its aircraft after a passenger complained on social media on Monday about the plane's shabby interiors, including a broken armrest, officials said. The Directorate General of Civil Aviation (DGCA) had last Wednesday grounded a SpiceJet aircraft over a passenger's complaint of dirty seats and malfunctioning cabin panels. The SpiceJet plane took to the skies a day later after all the suggested repairs were effected.

Investors become richer by Rs 128.77 lakh cr in FY24

Investors become richer by Rs 128.77 lakh cr in FY24

Rediff.com28 Mar 2024

Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.