Expansion of its development portfolio, brokerage upgrades, and strong outlook have led to a 15 per cent gain for the stock of real estate major Godrej Properties (GPL) in six trading sessions. The company recently acquired a 53-acre land parcel in Joka, Kolkata with an estimated development potential of 1.3 million square feet of saleable area with an estimated revenue potential of Rs 500 crore.
The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
Shares of Tata Consultancy Services (TCS) declined after the information technology (IT) major reported a 1.3 per cent sequential drop in net profit for the March quarter, prompting several brokerages to cut their target prices. The TCS stock fell as much as 1.26 per cent during the day to Rs 3,205 per share.
The time is up for the over three-decades-old business model with the advent of artificial intelligence, HCL Technologies' chief executive C Vijayakumar said on Monday. Speaking at industry lobby grouping Nasscom's annual NTLF event in Mumbai, Vijayakumar said companies need to be "paranoid", given the wide-ranging impact of AI and stressed that this attitude will help them to be relevant and grow. "I strongly believe that the business model is ripe for disruption.
Indian economy to grow at 6.3-6.8 pc in FY26, against 6.4 pc in FY25
The Supreme Court of India has criticized the Uttar Pradesh government and Prayagraj Development Authority for the demolition of homes in the city, calling the actions "inhuman and illegal." The court ordered the authority to pay Rs 10 lakh compensation each to the homeowners, stating that the demolitions were carried out in a "high-handed" manner without following due legal process. The petitioners, whose homes were demolished, argued that the state government wrongly believed the land belonged to gangster-politician Atiq Ahmed. The Allahabad High Court had previously rejected their plea challenging the demolition.
Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.
After falling 17 per cent since the start of the year to its March lows, the stock of the country's largest pharmaceutical (pharma) company, Sun Pharmaceutical Industries, has clawed back nearly half of those losses. Recent acquisitions, a favourable court ruling in the case of the hair loss drug Leqselvi, an edge over peers owing to its specialty portfolio, and a diversified global presence have supported the recovery.
By democratising access to finance, empowering women and marginalised groups, and adapting to India's diverse regional landscapes, PMMY has helped fortify the country's grassroots growth engines, says Chief Economic Advisor to the Government of India, V Anantha Nageswaran.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'
It involves India spending an estimated Rs 40,000 crores to Rs 50,000 crores and will take 10 to 15 years to develop.
The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.
'We will start reaching out to researchers, academics, and experts on AI from top universities and companies from across the world.'
West Bengal Chief Minister Mamata Banerjee, on an official visit to the United Kingdom, took a refreshing jog in London's Hyde Park, wearing a white saree and her signature white slippers. Banerjee also attended a high tea reception at India House, hosted by Vikram K Doraiswami, the High Commissioner of India to the United Kingdom, bringing together business, cultural, and political leaders to strengthen ties between Bengal and Britain. The discussions centered around fostering economic partnerships and deepening people-to-people connections.
The Supreme Court of India has reprimanded the central government for failing to implement a cashless treatment scheme for road accident victims. The court expressed its concern over the delay in formulating the scheme, which is designed to provide immediate medical care to accident victims within the crucial "golden hour." The court highlighted that despite a statutory provision requiring the scheme's implementation, the government has not taken any action, prompting the court to intervene. The court also criticized the General Insurance Council (GIC) for raising objections to the scheme and delaying its implementation. The court has now directed the government to notify the scheme within a week and has scheduled a hearing on the matter for May 13.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
LIC said USTR's views are based on an incomplete understanding of Indian insurance regulation and LIC's functioning.
The ATAGS has a range of 35-45 kilometres, depending on the ammunition used, and achieved a 47-km firing range during trials.
'Rinku supported Zeeshan a lot during UP T20 league. A leg-spinner needs a lot of confidence from his captain. He was brought into bowl at crucial junctures and that helped him catch attention of scouts.'
US-based private equity firm Blackstone and Bengaluru-based real estate developer Sattva Group filed the draft initial public offer (IPO) papers for India's biggest real estate investment trust (Reit) named Knowledge Realty Trust to raise ?6,200 crore. The Reit will be the largest in India in terms of net operating income (NOI) and gross assets value (GAV).
ECB chief executive Richard Gould said they would not support a proposed global Twenty20 league bankrolled by Saudi Arabia.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
'Before you work on your business plan, before you build your team, you should have a clear idea about what your product is, who your customer is, how valuable the product is, and whether the market is deep and wide.'
The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs). These new standards, developed in collaboration with industry associations, aim to enhance transparency and provide investors with a clearer understanding of a company's valuation and business performance.
The Enforcement Directorate (ED) has filed a chargesheet in the Associated Journals Limited-Young Indian-National Herald money-laundering case, seeking confiscation of assets worth Rs 661 crore and appending statements of Congress leaders Sonia Gandhi and Rahul Gandhi. The agency has accused the Gandhis of orchestrating a conspiracy to illegally obtain the underlying assets of AJL by the beneficial owners of YI (Sonia Gandhi and Rahul Gandhi). Both Sonia Gandhi and Rahul Gandhi have denied any wrongdoing and said the takeover of Associated Journals Limited (AJL) by Young Indian (YI) was not for commercial purposes. The Congress has slammed the chargesheet, alleging that the ED action against its leaders shows panic and moral bankruptcy of the "despotic" government, while the BJP has continued to call out the role of the Gandhi family in the matter.
The Impact Player rule in the Indian Premier League is working at the moment but it could pose issues for the development of all-rounders at some stage, reckons New Zealand and Gujarat Titans all-rounder Glenn Phillips.
The national real estate market presents an intriguing picture. Lower volumes and flat pricing serve as dampeners. Sales bookings across the top ten markets have seen 6 per cent growth year-on-year (Y-o-Y) between April and August 2024, but sales volume is down 8 per cent Y-o-Y. Unsold inventory is up.
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.
Skills like social media, e-mail marketing, SEO (search engine optimisation) and PPC (pay per click) will be essential in 2025, says Sachin Alug, CEO, NLB Services.
This is the first case involving India and the US at the WTO after both sides decided to withdraw all seven pending cases at the WTO during the Biden administration.
GMR Group-led DIAL, which manages and operates India's largest airport, recently requested the AERA to double the user development fee (UDF) for international business and first-class travellers compared to economy and premium economy over the next four years. It has also sought higher UDF for all domestic passengers flying during peak hours -- 5 am-8:55 am and 5 pm-8:55 pm.
Organisations that reward constant optimism and penalise negativity create environments where employees feel pressured to hide their struggles, notes Sonica Aron, founder of HR consultancy firm Marching Sheep.
When Gensol Engineering made its public market debut through a small and medium enterprises (SME) initial public offering (IPO) in September 2019, its promoters held a commanding 96 per cent stake. Now, that figure has shrunk to a "negligible" fraction.
To be a leader you will have to deliver value to your clients and build trust, says rediffGURU Baqar Iftikhar Naqvi, CEO, Upriver.
'Balancing tunnel developments with ecological realities is a major challenge and, when overlooked, can contribute to mishaps.'
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
The meeting was attended by 26 participants including Chief Ministers and Lt Governors of UTs, he said while briefing the media.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances