News for 'Business Line'

India Skoda's top foreign market after sales slows in China

India Skoda's top foreign market after sales slows in China

Rediff.com30 Jan 2025

The auto major is not just looking at domestic sales, but also planning to ramp up exports to key markets from here, like the Middle East, North Africa and Australia.

After disengagement, focus should be on...: Jaishankar on LAC row

After disengagement, focus should be on...: Jaishankar on LAC row

Rediff.com16 Nov 2024

Jaishankar described as a "reasonable supposition" to expect some improvement in the relations between India and China following the last round of disengagement but hesitated to say that there could be a reset of the ties.

Vande Bharat completes trial run in JK, reaches Srinagar

Vande Bharat completes trial run in JK, reaches Srinagar

Rediff.com25 Jan 2025

The train, on its maiden trial run, arrived at Srinagar station in the Nowgam area on Srinagar's outskirts from Katra in Jammu.

Budget 2025: Defence Must Be The Priority

Budget 2025: Defence Must Be The Priority

Rediff.com31 Jan 2025

'The first and most basic responsibility of any government is to protect its people from external threats and internal harm.' 'Budget 2025-2026 has to focus on meeting this responsibility,' asserts R Jagannathan.

E-invoice mandate may cover B2C transactions

E-invoice mandate may cover B2C transactions

Rediff.com12 Sep 2024

Businesses across the country may soon be required to issue electronic invoices, or e-invoices, directly to consumers for the sale of goods and services. The Goods and Services Tax (GST) Council, in its forthcoming meeting on Monday, is expected to discuss extending the e-invoicing mandate to cover business-to-consumer (B2C) transactions. Currently, e-invoicing is compulsory for businesses with a turnover of Rs 5 crore and above, but only for their business-to-business (B2B) transactions.

Higher volume, profitability gains for GAIL India

Higher volume, profitability gains for GAIL India

Rediff.com15 Nov 2024

GAIL India's second quarter (Q2FY25) performance met expectations.

Punit Goenka resigns as managing director of Zee; appointed CEO

Punit Goenka resigns as managing director of Zee; appointed CEO

Rediff.com19 Nov 2024

Punit Goenka has resigned as the managing director of Zee Entertainment and has been appointed as CEO to have his focus entirely on operational responsibilities assigned to him by the board of the company. The board has "accepted the resignation of Punit Goenka as managing director of the company and appointed him as CEO," said Zee Entertainment in a regulatory update.

'Want To Take Everybody's Ideas To Space'

'Want To Take Everybody's Ideas To Space'

Rediff.com8 Jan 2025

'To access our satellite, you don't need any IQ test, you don't need to write an examination.' 'You can be a Class 1 student, an engineering student, a 60-year-old person, anybody can access our satellite.'

'Band-aid for bullet wounds': Oppn slams Budget, says poll-centric

'Band-aid for bullet wounds': Oppn slams Budget, says poll-centric

Rediff.com1 Feb 2025

India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.

Winter Session: Opposition presses for debate on Adani

Winter Session: Opposition presses for debate on Adani

Rediff.com24 Nov 2024

The opposition on Sunday asked the Centre to allow discussions in the Parliament on the United States prosecutors' bribery charges against the Adani Group even as Union minister Kiren Rijiju made it clear that the matters to be taken up in the two Houses will be decided by their authorised committees with the consent of the respective Chair.

Muted deposit and credit growth sends PSB stocks into a tailspin

Muted deposit and credit growth sends PSB stocks into a tailspin

Rediff.com7 Jan 2025

Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.

Fadnavis' First Challenge: Santosh Deshmukh Murder Case

Fadnavis' First Challenge: Santosh Deshmukh Murder Case

Rediff.com3 Jan 2025

'The CM's credibility is on the line.'

Beware The American Deep State

Beware The American Deep State

Rediff.com11 Dec 2024

Do not underestimate the ingenuity of the Deep State in America to have its way. Keeping the guard down will be a catastrophic mistake on the part of the Delhi establishment. We could get hit when least expected. That's what happened in Bangladesh and Syria, warns Ambassador M K Bhadrakumar.

163 Brazilian workers rescued from 'slavery' at Chinese EV firm

163 Brazilian workers rescued from 'slavery' at Chinese EV firm

Rediff.com24 Dec 2024

Brazilian authorities have rescued 163 workers from conditions similar to 'slavery' at a construction site for a factory of Chinese electric vehicle company Build Your Dreams (BYD) in Camacari, Bahia.

'Hope Manipur Finds Peace Soon'

'Hope Manipur Finds Peace Soon'

Rediff.com10 Jan 2025

'My one recommendation would be to first quell the violence and then encourage dialogue and build the trust among the different communities.' 'This is not easy but necessary, for violence cannot be the way forward.'

'I Was Waiting Ki Sabka Time Aata Hai'

'I Was Waiting Ki Sabka Time Aata Hai'

Rediff.com29 Jan 2025

'I will never ever forget Paatal Lok 2 because I left for the shoot the night I got married!'

Equity NFO pipeline remains strong despite mkt weakness

Equity NFO pipeline remains strong despite mkt weakness

Rediff.com6 Nov 2024

The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Rediff.com28 Oct 2024

Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.

Luxury automakers hike prices up to 3% amid rising costs

Luxury automakers hike prices up to 3% amid rising costs

Rediff.com25 Nov 2024

Amid mounting inflationary pressures, escalating material costs, and rising operational expenses, luxury carmakers Mercedes-Benz India and BMW India have announced price increases of up to 3 per cent on their entire model ranges effective from January 1, 2025. Mercedes-Benz India will revise ex-showroom prices by Rs 2 lakh to Rs 9 lakh, depending on the model. This adjustment will impact vehicles such as the GLC SUV and the high-end Mercedes-Maybach S 680 limousine.

Priyanka Nag: How I Won The Best Designer Award

Priyanka Nag: How I Won The Best Designer Award

Rediff.com20 Jan 2025

'The jury panel said that my collection should not be limited to a college fashion show; it had much more potential. They encouraged me to sign up for the annual National Designer Awards organised by the World Designing Forum.'

Dhoni Beats Bachchan, SRK!

Dhoni Beats Bachchan, SRK!

Rediff.com5 Dec 2024

Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.

Emami has built itself through acquisition, but...

Emami has built itself through acquisition, but...

Rediff.com8 Oct 2024

Two young men jostle in a rickshaw as it clatters along a narrow, bustling lane of North Kolkata, each with a leg dangling over the side of the vehicle, a bulging sack of cosmetics nestled between them. The protagonists here are the founders of Emami - Radhe Shyam Agarwal and Radhe Shyam Goenka - childhood friends who gave up cushy corporate jobs to build a fast-moving consumer goods (FMCG) company. From a 200-square-foot rented space on Muktaram Babu Street in North Kolkata, brand Emami stepped into the competitive world of FMCG 50 years back, armed with just three products: Vanishing cream, talcum powder, and cold cream.

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Rediff.com18 Jan 2025

India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.

Yogi Goes All Out For Flawless Mahakumbh

Yogi Goes All Out For Flawless Mahakumbh

Rediff.com24 Dec 2024

For Yogi Adityanath the successful management of the fair is a crucial part of building 'Brand UP' and making the state a $1 trillion economy.

Plane crashes into live power lines in US, triggers blackout

Plane crashes into live power lines in US, triggers blackout

Rediff.com28 Nov 2022

The plane crash resulted in an electricity cut-off that affected over 90,000 homes and businesses throughout Montgomery County.

Upper-teens EPS growth likely for Gland Pharma in next two financial yrs

Upper-teens EPS growth likely for Gland Pharma in next two financial yrs

Rediff.com13 Nov 2024

Gland Pharma beat muted expectations for Q2FY25. There was increased Ebitda (Earnings before interest, taxes, depreciation and amortisation) loss at Cenexi, the CRAM subsidiary. However, overall Ebitda margin was better than expectations at 21.1 per cent. But given two years of earnings decline in FY23 and FY24, the business may have bottomed and upper-teens EPS (earnings per share) growth looks possible over next two financial years.

LIC may look at entering health, non-life insurance businesses

LIC may look at entering health, non-life insurance businesses

Rediff.com5 Jan 2023

The Life Insurance Corporation of India has the wherewithal to acquire a composite license, a top source aware of the development told Business Standard, adding that the insurance behemoth may look into entering the health and general insurance segments. "LIC has the scale, capacity, IT infrastructure, and the distribution reach to take advantage of the composite license. "LIC is looking at organic as well as inorganic growth opportunities.

Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year

Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year

Rediff.com7 Nov 2024

Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.

Dabur stock fall may provide entry to long-term investors

Dabur stock fall may provide entry to long-term investors

Rediff.com12 Nov 2024

Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.

Cyberfraud Thrives On Fear!

Cyberfraud Thrives On Fear!

Rediff.com29 Jan 2025

The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.

Google Cloud's ambitious India plans

Google Cloud's ambitious India plans

Rediff.com6 Oct 2024

India is among the fastest-growing markets for Google in the cloud services segment, a senior executive has said, adding that the tech giant is looking to partner companies in their business transformation through its offerings. Google Cloud India is seeing an "increased adoption" of its offerings across segments from the public sector to small and medium businesses and from startups and digital-native companies, Google Cloud India vice president and country managing director Bikram Singh Bedi told PTI.

'I Was Not Sleeping Properly'

'I Was Not Sleeping Properly'

Rediff.com13 Dec 2024

'I spoke to Paddy, and I made some changes.' 'After that, I slept well in the last two days -- at least eight hours each day.' 'So, I was fresh in the games. Sleep is very important.'

When Ustad Zakir Hussain Made Me Blush

When Ustad Zakir Hussain Made Me Blush

Rediff.com25 Dec 2024

Seeing a certain tousle-headed gentleman standing in the queue, I was both astonished and elated. My happiness radiated on my face and words suddenly deserted me.

LaLiga: Barca, Atletico continue winning streak

LaLiga: Barca, Atletico continue winning streak

Rediff.com3 Nov 2024

LaLiga leaders Barcelona beat Espanyol 3-1 in the Catalan derby on Sunday thanks to a first-half double from Dani Olmo and a goal from Raphinha.

Ola Electric rides into gig segment

Ola Electric rides into gig segment

Rediff.com27 Nov 2024

With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE.

Now, PAN As A Single Business ID

Now, PAN As A Single Business ID

Rediff.com19 Jan 2023

'Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.'

Which Would You Choose: Gelephu or Neom?

Which Would You Choose: Gelephu or Neom?

Rediff.com6 Dec 2024

Live on one of Gelephu's inhabitable bridges where elephants will saunter past, be it day or night; or be homed in a never-ending building with flying cars and robot maids? asks ambivalent Sandeep Goyal.

Aamir-Kiran Take Lost Ladies To New York

Aamir-Kiran Take Lost Ladies To New York

Rediff.com13 Nov 2024

It seems that Aamir Khan and Kiran Rao have started their Oscar campaign for Laapataa Ladies.

EVs and beyond: Auto industry's journey for 2025

EVs and beyond: Auto industry's journey for 2025

Rediff.com24 Dec 2024

Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.