News for 'Business Line'

UK condemns security breach during Jaishankar's visit

UK condemns security breach during Jaishankar's visit

Rediff.com6 Mar 2025

The UK has strongly condemned a security breach involving a pro-Khalistan extremist rushing towards External Affairs Minister S Jaishankar's convoy in London. The incident took place as Jaishankar was leaving the Chatham House think tank on Wednesday evening. The protester was swiftly taken aside by officers of the Metropolitan Police, with no arrests being confirmed so far. The UK said such attempts to "intimidate, threaten, or disrupt" public events are "completely unacceptable". The incident comes after Jaishankar's talks with UK Foreign Secretary David Lammy, during which both leaders covered the entire gamut of bilateral ties, including the relaunched Free Trade Agreement (FTA) negotiations, regional and global issues. The MEA has condemned the security breach and the provocative activities of the "small group of separatists and extremists", calling on the UK to "live up to their diplomatic obligations".

'MRF is now world's 11th largest tyre company'

'MRF is now world's 11th largest tyre company'

Rediff.com31 Jan 2025

'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'

'Tariffs will hurt insurance, patients and everyone'

'Tariffs will hurt insurance, patients and everyone'

Rediff.com10 Feb 2025

After registering a net profit of Rs 25.1 crore in Q3FY25 and consolidated revenues growing by 7 per cent on a like-for-like basis, Siddharth Mittal, chief executive officer (CEO) and managing director, Biocon, told Sohini Das/Business Standard in a virtual interaction that local manufacturing in the US is a trade off between cost and qualifying to do business there.

From Tesla to Mercedes, luxury carmakers head South

From Tesla to Mercedes, luxury carmakers head South

Rediff.com11 Mar 2025

In 2024 alone, South India saw the highest rise in sales in the luxury segment, with Tamil Nadu reportedly registering a 19.3 per cent increase in premium car registrations from 2022-23

Analysts bullish on Nykaa's outlook for beauty and personal care business

Analysts bullish on Nykaa's outlook for beauty and personal care business

Rediff.com26 Jun 2024

FSN E-Commerce Ventures (Nykaa) hosted its annual investor day recently. The responses were positive from analysts. Although some analysts pared FY25 and FY26 estimates, the bulk continued to issue 'buy' calls after the stock rose 2.5 per cent. The management expects the Beauty & Personal Care (BPC) business to grow at a 25 per cent compound annual growth rate (CAGR) during FY24-28.

Valuations support ICICI Prudential Life despite margin challenges

Valuations support ICICI Prudential Life despite margin challenges

Rediff.com30 Jan 2025

ICICI Prudential Life Insurance (IPRU) disappointed the market even though some analysts said the Q3FY25 results were in line. Most analysts cut margin estimates. The insurer reported M9FY25 growth of 8.5 per cent year-on-year (Y-o-Y) in value of new business (VNB) premium to Rs 1,575 crore, while total annual premium equivalent (APE) grew 27.2 per cent to Rs 6,910 crore.

Budget 2025: More Jobs Via Thriving Farms and MSME Growth

Budget 2025: More Jobs Via Thriving Farms and MSME Growth

Rediff.com4 Feb 2025

The most striking features of this Budget was its focus on simplification and improving the ease of doing business in India, asserts Kaku Nakhate.

FAQ: IT Dept Can Check E-mail, WhatsApp

FAQ: IT Dept Can Check E-mail, WhatsApp

Rediff.com6 Mar 2025

Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.

HUL Q3 net profit up 19% at Rs 2,989 cr

HUL Q3 net profit up 19% at Rs 2,989 cr

Rediff.com22 Jan 2025

FMCG major Hindustan Unilever Ltd on Wednesday reported a 19.18 per cent rise in consolidated net profit at Rs 2,989 crore in the December quarter.

'Luxury car market may double by 2030'

'Luxury car market may double by 2030'

Rediff.com17 Mar 2025

'From the Indian perspective, young customers with more disposable income will also drive the growth.'

Army, IAF, Navy Promised Faster Defence Buys

Army, IAF, Navy Promised Faster Defence Buys

Rediff.com3 Mar 2025

'Currently, it takes between two and three years to formulate the request for proposal for procuring specific military equipment for the armed forces. It should not be this way.'

TaMo in driver's seat to combat headwinds

TaMo in driver's seat to combat headwinds

Rediff.com20 Mar 2025

Automobile giant Tata Motors' shares were in demand on Wednesday as the stock rallied as much as 3.69 per cent to hit an intraday high of Rs 671.80 per share, before settling 3.18 per cent higher at Rs 668.45. By comparison, the BSE Sensex settled 0.10 per cent, or 72.56 points, lower at 74,029.76.

'Should end fourth quarter on a robust note'

'Should end fourth quarter on a robust note'

Rediff.com2 Feb 2025

'We have opened 100 branches in the last one and a half years. Our manpower is also in place.'

Davis Cup: Mukund, Ramkumar give India 2-0 lead vs Togo

Davis Cup: Mukund, Ramkumar give India 2-0 lead vs Togo

Rediff.com1 Feb 2025

Sasikumar Mukund returned to Davis Cup action with a fluent straight-sets victory over lower-ranked Liova Ayite Ajavon, putting India ahead 1-0 in the World Group I play-off tie against Togo, in New Delhi, Saturday.

CMs of 10 states skip Niti meet, Nitish busy with...., says CEO

CMs of 10 states skip Niti meet, Nitish busy with...., says CEO

Rediff.com27 Jul 2024

The meeting was attended by 26 participants including Chief Ministers and Lt Governors of UTs, he said while briefing the media.

10 Stocks That Soared While Market Sank

10 Stocks That Soared While Market Sank

Rediff.com24 Mar 2025

The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.

'MF Gain: 2.5L. How Much Tax To Pay?'

'MF Gain: 2.5L. How Much Tax To Pay?'

Rediff.com24 Feb 2025

rediffGURU T S Khurana answers readers' personal income tax queries.

'BJP Won't Be Able To Form Government In Bengal in 2026'

'BJP Won't Be Able To Form Government In Bengal in 2026'

Rediff.com21 Apr 2025

'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'

Adani denies entering into pact to operate Kenya airport

Adani denies entering into pact to operate Kenya airport

Rediff.com23 Nov 2024

Billionaire Gautam Adani's group on Saturday clarified on reports of Kenya cancelling more than $2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya's main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi's disclosure regulations, thereby not warranting any disclosure on its cancellation.

New bill proposes 7-year jail, Rs 10L fine for forged passports in India

New bill proposes 7-year jail, Rs 10L fine for forged passports in India

Rediff.com16 Mar 2025

India is proposing a new law that would impose a jail term of up to seven years and a fine of Rs 10 lakh on anyone found using a forged passport or visa to enter, stay, or exit the country. The Immigration and Foreigners Bill, 2025, also mandates reporting of foreign visitors by hotels, universities, and hospitals to track overstaying individuals. The bill aims to simplify laws, ease business, and strengthen national security while promoting economic growth and tourism.

Team India's Bus Driver Is From Pakistan

Team India's Bus Driver Is From Pakistan

Rediff.com4 Mar 2025

A local newspaper photographer had an unusual challenge -- capturing a photo of an Australian fan. He admitted he had been waiting for an hour but hadn't spotted a single one.

Murthy, Subrahmanyan Aren't Wrong About Long Hours

Murthy, Subrahmanyan Aren't Wrong About Long Hours

Rediff.com18 Mar 2025

Leaders who built and manage these incredible global companies cannot be tyrants, slave-drivers, or idiots. Essentially what they are saying falls under the definition of rallying the troops, inspirational talk, like the usual coach-speak with the team before a match, asserts Shekhar Gupta.

Yogi rewards 75K cops with Rs 10K bonus, leave for Kumbh service

Yogi rewards 75K cops with Rs 10K bonus, leave for Kumbh service

Rediff.com28 Feb 2025

The Uttar Pradesh government has announced a special Rs 10,000 bonus and the 'Maha Kumbh Seva Medal' for 75,000 police personnel who served during the Maha Kumbh in Prayagraj. Chief Minister Yogi Adityanath praised the police force's efforts in managing the grand religious event, highlighting the event's economic impact and the transformation of the UP Police into a "Mitra Police." He also emphasized the state government's commitment to police welfare and infrastructure development, citing increased recruitment and budget allocation.

PIX: CLINICAL INDIA LIFT CHAMPIONS TROPHY!

PIX: CLINICAL INDIA LIFT CHAMPIONS TROPHY!

Rediff.com10 Mar 2025

IMAGES from the Champions Trophy final played between India and New Zealand in Dubai on Sunday.

Startups To Altman: Make OpenAI Affordable

Startups To Altman: Make OpenAI Affordable

Rediff.com6 Feb 2025

'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'

'We Have Doubled Our Exposures To India'

'We Have Doubled Our Exposures To India'

Rediff.com19 Mar 2025

'Expect India to keep doing well irrespective of geopolitics.'

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Rediff.com28 Jan 2025

Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.

Raymond Realty may get listed in Q2FY26: CEO

Raymond Realty may get listed in Q2FY26: CEO

Rediff.com9 Dec 2024

Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty. "We are expecting the order by June-July 2025 as far as the National Company Law Tribunal (NCLT) is concerned.

Game Changer Enjoys Fair Weekend At Box Office

Game Changer Enjoys Fair Weekend At Box Office

Rediff.com13 Jan 2025

The Ram Charan-Kiara Advani-starrer opened better than expected.

$120 mn investments, $250 mn credit line to fund Chabahar port growth

$120 mn investments, $250 mn credit line to fund Chabahar port growth

Rediff.com14 May 2024

India's 10-year bilateral contract with Iran for the operation of Chabahar Port is likely to bring in an investment of approximately $370 million. This comprises a direct investment of $120 million from India for infrastructure development and a $250 million line of credit to Iran, Business Standard has learnt. With the $120 million committed for port development, India is set to procure advanced equipment, such as rail-mounted quay cranes, rubber-tyred gantry cranes (also known as transtainers), reach stackers, and forklifts.

'Post acquisition funding cost will come down'

'Post acquisition funding cost will come down'

Rediff.com29 Jan 2025

'Earlier, our cost of funds was higher than most in the peer group.'

Number of UPI apps grows in 2024, yet top two command maximum market share

Number of UPI apps grows in 2024, yet top two command maximum market share

Rediff.com30 Dec 2024

In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) applications, a record since UPI's launch in 2016. This surge reflects growing interest from financial technology (fintech) companies, driven by the integration of credit products like UPI-linked credit cards and pre-approved credit lines.

Are Trump and Musk Dismantling American Democracy?

Are Trump and Musk Dismantling American Democracy?

Rediff.com22 Feb 2025

We the people are left in the wind, waiting on the whims of an unengaged president and an oligarch with a nearly bottomless wallet, observes Sree Sreenivasan.

'In Love, There Should Be No Ego'

'In Love, There Should Be No Ego'

Rediff.com21 Feb 2025

'We rarely see films that comment on a failed man-woman relationship.'

Shamsi 'relieved' to get over the line against plucky Nepal

Shamsi 'relieved' to get over the line against plucky Nepal

Rediff.com15 Jun 2024

Shamsi bagged four wickets and gave 19 runs in his four-over spell at a strike rate of 4.80.

'Goal for Axis Max Life Insurance is to become listed entity'

'Goal for Axis Max Life Insurance is to become listed entity'

Rediff.com17 Feb 2025

'However, this process will take some time. Depending on the approval timeline, it may span a few quarters.'

IT Firms to Offer 3-6% Hikes

IT Firms to Offer 3-6% Hikes

Rediff.com17 Feb 2025

IT attrition rate is expected to be around 12% to 13% this year.

Why Pyaasa Is A Must Watch 68 Years On

Why Pyaasa Is A Must Watch 68 Years On

Rediff.com26 Feb 2025

'At a time when the 'my country, right or wrong' attitude is sweeping over the majority, the Pyaasa song Jinhe Naaz Hai Hind Par Woh Kahan Hain brings a much-needed sense of reality. It questions: How can one feel any sense of pride when women are treated like this? Utkarsh Mishra salutes Guru Dutt's classic that turns 68 this month.

Tushar Shah To Travel to Space On Tue

Tushar Shah To Travel to Space On Tue

Rediff.com22 Feb 2025

Blue Origin's 10th human flight, NS-30, will lift off from Launch Site in West Texas on Tuesday, February 25.

ITC demerger: Analysts upbeat on ITC share outlook; support seen at Rs 442

ITC demerger: Analysts upbeat on ITC share outlook; support seen at Rs 442

Rediff.com2 Jan 2025

With just four trading sessions to go for the ITC-ITC Hotels demerger record date shares of ITC continue to consolidate in a thin range of Rs 460 - Rs 480 in an otherwise volatile equity market. On Tuesday thus far despite a near 1 per cent fall in the Sensex and Nifty; ITC traded on a flat note. ITC had set the demerger ratio at 1:10 - meaning 1 share of ITC Hotels for every 10 shares of ITC as of the record date January 6, 2025.