https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon.
The funerals of the 121 women and children who perished in the deadly stampede in Daunkeli village, Hathras district, Uttar Pradesh, on July 2, 2024, have begun.
Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as "baseless". Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India.
Last month, a group of British lawmakers urged England to boycott the Champions Trophy group stage match against Afghanistan.
IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect, taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank.
De Silva and veteran Angelo Mathews were not included in the 16-man T20 squad but there was a place for Hasaranga.
The government's stake in Vodafone Idea will more than double to 48.99 per cent as it is set to acquire shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on Sunday.
India pacer Harshit Rana credited seasoned speedster Jasprit Bumrah for shaping his consistency and adaptability at the highest level.
The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3 per cent amid global economic weakness and policy uncertainty. In its previous estimate, the World Bank had projected India's growth at 6.7 per cent for the fiscal year 2025-26.
Asian champion Sunil Kumar, U-23 Asian Championship gold winner Minakshi, and several other Indian wrestlers gathered at Sports Minister Mansukh Mandaviya's residence, requesting his intervention to secure approval for their participation in the upcoming Ranking Series in Albania.
'Josh is such a key figure for us -- not just with his bowling, because we know it's world-class and what he does time and again -- but also as part of the bowling unit, that sort of calm head out there for everybody else to lean on.'
Zomato on Monday became the first new-age company to join the prestigious 30-share benchmark Sensex, replacing JSW Steel. This milestone marks a significant achievement not only for Zomato but also for the Indian startup ecosystem, which is increasingly making its presence felt in the $5.2 trillion listed ecosystem.
The Congress party in India has accused the government of "impropriety" in the sudden termination of KV Subramanian's position as India's executive director at the IMF, alleging it was linked to the Union Bank of India's purchase of two lakh copies of his book. The party also questioned the government's stance on Pakistan's request for a loan from the IMF.
The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected.
S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
The United States on Thursday said it supports India's right to defend itself and its fight against terrorism as US Defence Secretary Pete Hegseth dialled Defence Minister Rajnath Singh amid rising tensions between India and Pakistan over the Pahalgam terror attack.
The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy, the RBI had projected the GDP growth rate of 7 per cent for the financial year beginning April 1. Announcing the current fiscal's first bi-monthly monetary policy, RBI Governor Shaktikanta Das said the rural demand is gathering pace, and sustained growth in manufacturing sector should boost private investment.
UWW, the world governing body for wrestling, has threatened to suspend India if the political interference in the affairs of the national federation does not end soon.
Health workers fumigate a residential neighbourhood in New Delhi, September 22, 2022, to prevent the spread of mosquito-borne diseases following the rise in dengue cases in thre national capital.
Chief Economic Advisor V Anantha Nageswaran on Thursday said economic activity in some sectors have picked up pace during October-November and a GDP growth of 6.5-7 per cent in the current fiscal is feasible.
In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.
Global brokerage CLSA has lowered its target price for IndusInd Bank from Rs 1,200 to Rs 900 while maintaining an outperform rating on the stock after the private lender disclosed a net worth hit of Rs 1,500 crore due to an accounting gap. The revised price target still implies an upside of 34 per cent from current levels.
Glimpses from the Bharat Mobility Global Expo in New Delhi.
The sales of company shares by 5 senior executives have come under scrutiny as IndusInd shares declined over 30 per cent due to losses incurred by from its derivatives exposure.
The Netherlands beat Germany 3-1 in a shoot-out after a 1-1 draw to win the gold medal in men's hockey at the Paris Olympics on Thursday with Duco Telgenkamp firing home the final penalty shot past goalkeeper Jean-Paul Danneberg.
The Reserve Bank on Friday said India is poised to become the growth engine of the world as it retained the GDP projection for the current fiscal at 6.5 per cent. Unveiling the bi-monthly monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das said the domestic economy exhibits resilience on the back of strong demand.
India clinched a second successive Olympic bronze medal at the Games for the first time in 52 years with a 2-1 triumph over Spain in the third position playoff on Thursday.
Religious tourism witnessed 1,439 million tourists in 2022, generating Rs 1.34 trillion in revenue.
Afghanistan were once considered World Cup minnows, having won just one game in their two previous campaigns.
South Africa captain Temba Bavuma wanted a clinical performance from his bowlers after posting the highest total in World Cup history of 428/5 against Sri Lanka in their tournament-opener, adding that he was satisfied with individual achievements of his players.
'Day by day we expose how soulless we have become as a society. Every day is a disappointment.'
With a deployment of Rs 2,720 crore in July, MFs' total investment in HDFC Bank in calendar year 2024 (till now) surged to Rs 48,820 crore.
An elderly lady rests on a chair in between Ravan effigies kept on display for sale for Dussehra in New Delhi.
The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said rural demand continues to gather pace, urban consumption remains strong and investment cycle is gaining steam on the back of increased capex.
IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and managing director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week.
IndusInd Bank on Tuesday fire-fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses.
Having bid adieu to his stellar Test career a content man, Indian Test batting great Cheteshwar Pujara wouldn't mind a coaching stint or a role at the BCCI's Centre of Excellence in the next stage of his cricketing journey.
England star batsman Joe Root has expressed his confidence in the team's approach under coach Brendon McCullum, saying the 'Bazball' philosophy perfectly complements the players' skills. Root, returning to England's ODI setup for the series against India, sees endless possibilities for the team under McCullum's guidance. He highlighted the exciting blend of skills within the squad and believes this team has the potential to achieve great things.