News for 'Analytics India'

Hammer thrower Rachna Kumari banned for 12 years

Hammer thrower Rachna Kumari banned for 12 years

Rediff.com13 Feb 2024

Kumari's dope sample, taken out-of-competition by the AIU last year, was found to contain steroids

MS outage: Airlines go manual, cash withdrawals hit, brokerages affected

MS outage: Airlines go manual, cash withdrawals hit, brokerages affected

Rediff.com19 Jul 2024

Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.

Use of Indian languages key for increasing internet access in India: Report

Use of Indian languages key for increasing internet access in India: Report

Rediff.com13 Mar 2024

Nearly 665 million Indians or 45 per cent of the rural population did not have access to the internet as of 2023. Difficulty in understanding internet procedures, insufficient awareness of its benefits, and a lack of interest have emerged as the top reasons for a gap in internet penetration in rural India, according to a joint report by the Internet and Mobile Association of India (IAMAI) and Kantar. "The proficiency of English in rural India is very low. While we have content in Hindi, the internet is English-heavy.

Improved cost ratios to boost State Bank of India's profitability

Improved cost ratios to boost State Bank of India's profitability

Rediff.com26 Feb 2024

India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.

India has no problem in making payment for Russian oil: Hardeep Puri

India has no problem in making payment for Russian oil: Hardeep Puri

Rediff.com4 Jan 2024

There is no payment problem for Russian crude, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday. He said there is no proposal to cut retail fuel prices at the moment. Addressing a press conference, the minister said India enjoys a buyers' position and foreign suppliers are approaching Indian companies with offers to sell oil.

India may buy more oil from UAE in the coming months after COP talks

India may buy more oil from UAE in the coming months after COP talks

Rediff.com11 Dec 2023

India is expected to ramp up its purchase of crude oil from the United Arab Emirates (UAE) in the coming months following discussions between the two countries on the sidelines of the ongoing COP28 summit in Dubai, multiple sources in the know said. The UAE has historically been India's third-largest source of crude. It has suffered the largest drop in shipments since Indian refiners began to binge on Russian crude in 2022.

Companies Plan Yoga Day Celebration

Companies Plan Yoga Day Celebration

Rediff.com21 Jun 2024

'An in-house contest encourages employees to share yoga and well-being practices with their families.'

Reliance, Tata on TIME's list of world's most influential companies

Reliance, Tata on TIME's list of world's most influential companies

Rediff.com30 May 2024

Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.

Startups Likely To Step Up Hiring

Startups Likely To Step Up Hiring

Rediff.com4 Jul 2024

'In the second half of 2024, about 60% of startup jobs will be taken by entry-level candidates with 0-3 years of experience.'

Elections, festivities, and pollution weigh on India's cement demand

Elections, festivities, and pollution weigh on India's cement demand

Rediff.com24 Nov 2023

India's cement demand has consistently shown double-digit growth over the past few quarters, primarily driven by infrastructure spending. However, dealers and industry executives note that state elections, festival season, and, in some markets, weddings and pollution may temporarily disrupt this demand story. While the festival season typically sees a slowdown in construction activity, some dealers anticipate this lull extending throughout the entire month as multiple states enter election mode.

M&A activity in slow lane, deal value down 43%

M&A activity in slow lane, deal value down 43%

Rediff.com1 Apr 2024

Mergers and acquisitions (M&As) in India have moved into the slow lane, dropping 43 per cent in terms of deal value to touch $13.37 billion since January this year to date, compared to the same period in the last year. According to data sourced from Bloomberg, Indian companies reported deal value worth $23.5 billion between January and March 22, 2023. Data Infrastructure Trust's acquisition of American Tower Corporation's India telecom towers business for $2.5 billion was the top deal for the ongoing quarter so far, followed by the Highway Infrastructure Trust's acquisition of PNC Infratech's road projects for $1.08 billion.

'Pick your battles', CJI cautions probe agencies

'Pick your battles', CJI cautions probe agencies

Rediff.com1 Apr 2024

Expressing concern over instances of 'unwarranted' confiscation of personal devices during raids, the CJI said they highlight the pressing need to strike a balance between investigative imperatives and individual privacy rights.

'Banks must be prepared for providing UPI credit'

'Banks must be prepared for providing UPI credit'

Rediff.com19 Jul 2024

'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'

Summer pinch: Airfares on key routes rise up to 13%

Summer pinch: Airfares on key routes rise up to 13%

Rediff.com11 Apr 2024

Airfares on major domestic routes such as Kolkata-Bagdogra, Delhi-Bengaluru, and Delhi-Mumbai have witnessed an increase of up to 12.7 per cent year-on-year (Y-o-Y) in May this year, according to data by Thomas Cook (India) and SOTC Travel. The recent increase in aviation turbine fuel prices, rupee depreciation, reduction of flights by key players, and grounding of planes due to engine supply issues have contributed to the rise in airfares, said aviation industry experts. However, the data also shows that summer airfares on key routes such as Delhi-Leh and Delhi-Kolkata have significantly decreased due to the introduction of new flights.

Cash out: Mobile wallet payments may hit Rs 532 trn in 2028

Cash out: Mobile wallet payments may hit Rs 532 trn in 2028

Rediff.com9 Apr 2024

Mobile wallet adoption is surging in India and swiftly becoming a primary payment option, surpassing traditional methods like cash and cards. Over the next few years, payments via mobile wallets in India are likely to surpass the Rs 531.8 trillion mark in 2028, witnessing a compound annual growth rate (CAGR) of 18.3 per cent between 2024 and 2028, according to GlobalData - a London-based leading data and analytics company. The value of mobile wallet payments in India, as per a GlobalData report, grew at a CAGR of 72.1 per cent between 2019 and 2023 to reach Rs 202.8 trillion ($2.5 trillion) in 2023.

DGCA suspends Air India's Boeing simulator facility in Mumbai for lapses

DGCA suspends Air India's Boeing simulator facility in Mumbai for lapses

Rediff.com30 Aug 2023

The Directorate General of Civil Aviation (DGCA) on Tuesday suspended Air India's Boeing simulator facility in Mumbai after finding certain alleged lapses during a spot check, a DGCA official said. The pilots, who were scheduled to undergo refresher courses at the Mumbai facility, will now not be able to do so.

State Bank of India, HDFC to gain from Nifty Bank index readjustment

State Bank of India, HDFC to gain from Nifty Bank index readjustment

Rediff.com26 Jun 2023

State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) will see maximum inflows from passive trackers on account of the quarterly rebalancing exercise of the National Stock Exchange Nifty Bank Index. IndusInd Bank and AU Small Finance Bank could see maximum outflows. The rejig of the Nifty CPSE Index will result in inflows in Oil and Natural Gas Corporation, NTPC, and Coal India and maximum outflows in Bharat Electronics, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.

Techies, Want A Job At Marlabs?

Techies, Want A Job At Marlabs?

Rediff.com5 Mar 2024

'The hiring in India will be primarily around skills in data engineering, AI, and product engineering.'

Big data analytics changes the rules of road travel

Big data analytics changes the rules of road travel

Rediff.com11 Sep 2013

Meru Cabs and OlaCabs among radio cabs and bus ticket booking provider Redbus have been using big data analytics.

Hockey India unlikely to pick coach from India

Hockey India unlikely to pick coach from India

Rediff.com2 Feb 2023

Caldas, Aikman in fray for Indian head coach's position

Battle for short term money likely to turn more intense in March

Battle for short term money likely to turn more intense in March

Rediff.com13 Mar 2024

The need for money among banks, especially for short-term funds, may turn more intense in the last month of the financial year to feed the demand for capital for tax payments and meet year-end targets. The mobilisation of funds via the certificate of deposits (CDs) has seen a threefold increase to over Rs 60,000 crore in the fortnight that ended February 23 from around Rs 20,000 crore in the fortnight of January 26, 2024, according to the Reserve Bank of India (RBI) data.

Guess How Many Movie Tickets Were Bought!

Guess How Many Movie Tickets Were Bought!

Rediff.com2 May 2024

More than 157 million Indians watched at least one film in the theatre in 2023.

Centre in a huddle to understand impact of the Iran-Israel tensions

Centre in a huddle to understand impact of the Iran-Israel tensions

Rediff.com16 Apr 2024

Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.

What if Tehran blocks Strait of Hormuz...

What if Tehran blocks Strait of Hormuz...

Rediff.com21 Apr 2024

Oil and LNG prices are likely to shoot up if Iran is to block Strait of Hormuz, through which countries like India import crude oil from Saudi Arabia, Iraq and UAE, leading to a spike in inflation, analysts said on the Iran-Israel conflict. The Iran and Israel conflict has escalated over the last few days. Iran first launched drone and rocket attacks on Israel, which retaliated by firing a missile. Crude oil prices have hovered around USD 90 per barrel since the conflict.

India should spend $1 bn annually to train school teachers: Narayana Murthy

India should spend $1 bn annually to train school teachers: Narayana Murthy

Rediff.com15 Nov 2023

One possible way of accelerating National Education Policy's outcome is to invite 10,000 retired highly accomplished teachers from the developed world and from India in STEM areas to create 2,500 "Train the Teacher" colleges in the country's 28 states and eight union territories, Murthy said.

Can India Be A Developed Nation By 2047?

Can India Be A Developed Nation By 2047?

Rediff.com6 Jan 2024

One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).

Air India to Spend $400 Million On...

Air India to Spend $400 Million On...

Rediff.com12 Jun 2023

... changing seats and in-flight entertainment on its older aircraft.

How dengue in India is linked to climate change

How dengue in India is linked to climate change

Rediff.com25 Nov 2023

The transmission of dengue is closely associated with three key factors -- rainfall, humidity and temperature -- that dictate the geographies in which it spreads and the transmission rate of the viral infection caused by the dengue virus (DENV), and transmitted to humans through the bite of infected mosquitoes.

Breaking the vault: Will MSCI grant HDFC Bank access?

Breaking the vault: Will MSCI grant HDFC Bank access?

Rediff.com17 Apr 2024

HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully include the stock in its indices. Currently, the index provider has applied an adjustment factor of 0.5 since the foreign room is less than 25 per cent. Removal of the adjustment factor will result in inflows of a massive $4.8 billion (Rs 40,000 crore) into HDFC Bank, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.

India likely to discuss crude oil discounts with Iraq and UAE soon

India likely to discuss crude oil discounts with Iraq and UAE soon

Rediff.com27 Aug 2023

India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. Multiple officials and industry executives said Iraq, which is India's biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. India's focus on snapping up ever-increasing volumes of Russian crude oil has led to a corresponding decline in imports from the Middle East. Flows from Iraq, Saudi Arabia, and the UAE have suffered as a result.

90% India in 'danger zone' of heatwave impacts: Study

90% India in 'danger zone' of heatwave impacts: Study

Rediff.com20 Apr 2023

Heatwaves claimed more than 17,000 lives in 50 years in India, according to a paper authored by M Rajeevan, former secretary of Ministry of Earth Sciences, along with scientists Kamaljit Ray, S S Ray, R K Giri and A P Dimri.

10 Job Skills That Will Rule 2024

10 Job Skills That Will Rule 2024

Rediff.com2 Jan 2024

Cultivate a thirst for knowledge, explore online courses, attend workshops and network with peers. Embrace opportunities to learn new skills and stay updated about industry trends to remain relevant and future-proof your career, advises Manu Saigal, director-general, staffing, Adecco India.

Home loan outstanding up by Rs 10 lakh cr in last 2 yrs

Home loan outstanding up by Rs 10 lakh cr in last 2 yrs

Rediff.com5 May 2024

Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rediff.com14 Feb 2024

96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.

Belgium's Artur Lucas part of Indian hockey's coaching staff

Belgium's Artur Lucas part of Indian hockey's coaching staff

Rediff.com5 Sep 2023

India clubbed with Egypt, Switzerland, Jamaica in inaugural Men's Hockey5s World Cup

Airlines cancel 12 Mumbai routes due to congestion; airfares rise 193%

Airlines cancel 12 Mumbai routes due to congestion; airfares rise 193%

Rediff.com23 Feb 2024

Airfares have nearly doubled in a matter of days on routes hit by the cancellation of 200 weekly flights linking Mumbai airport to 12 cities. The fares have soared as high as 193 per cent following a recent government order to cancel flights to ease "persistent congestion" that was causing delays. Aside from the reduction in flights on 12 routes, two destinations - Hubli and Jabalpur - have lost connectivity with Mumbai since last week, according to aviation analytics firm Cirium's data reviewed

Tatas' Gujarat semiconductor fab will create over 20K jobs

Tatas' Gujarat semiconductor fab will create over 20K jobs

Rediff.com29 Feb 2024

Tata Electronics' Rs 91,000 crore semiconductor fab in Dholera, Gujarat, in partnership with PSMC, will generate over 20,000 direct and indirect skilled jobs in the region and construction of the mega unit is expected to begin this year, according to a statement on Thursday. The planned unit - India's first commercial fab, marks Tata Electronics' entry into the global semiconductor industry. Tata Electronics said it is "proud to lead India's entry into global semiconductor fabrication".

GST collections rise to 2nd highest-ever in Jan

GST collections rise to 2nd highest-ever in Jan

Rediff.com31 Jan 2024

Goods and Services Tax collections jumped 10.4 per cent to over Rs 1.72 lakh crore in January, reflecting buoyant economic activity and setting the stage for the next phase of GST reforms. This is the second-highest monthly collection ever and marks the third month in this financial year with a collection of Rs 1.70 lakh crore or more, a finance ministry statement said on Wednesday.

PSBs to Explore AI Collaboration

PSBs to Explore AI Collaboration

Rediff.com20 Jul 2023

'There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.'

M&A Sees Sharp Decline in 2023

M&A Sees Sharp Decline in 2023

Rediff.com27 Dec 2023

Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.