News for 'Business Recorder'

Lenskart eyeing mega expansion as it readies for IPO

Lenskart eyeing mega expansion as it readies for IPO

Rediff.com15 Oct 2025

Eyewear retailer Lenskart plans to add 450 stores in the current financial year, its fastest expansion in three years, as the company prepares for a public listing that could value it at up to $10 billion. The addition would take Lenskart's store count to more than 3,150 across 14 countries, representing a 34 per cent rise from the 334 stores opened last year.

UPI Hits Record High In March

UPI Hits Record High In March

Rediff.com2 Apr 2025

UPI topped Rs 24 trillion in value of transactions and 19 billion in volume for the first time after becoming operational in April 2016.

'We Aren't Security Conscious As A Nation'

'We Aren't Security Conscious As A Nation'

Rediff.com6 Nov 2025

'Government officials use Gmail and ordinary phones without basic security consciousness.' 'Interoperability, especially in joint exercises with countries like the US, worries me.' 'It often means we open our systems to them, but they don't reciprocate.' 'They could have kill switches in their systems and might even be able to affect ours.'

Women's World Cup: Mooney masterclass sinks Pakistan

Women's World Cup: Mooney masterclass sinks Pakistan

Rediff.com8 Oct 2025

Star batter Beth Mooney struck a magnificent hundred and led a remarkable Australian fightback along with tailender Alana King to set up a crushing 107-run win over Pakistan in their ICC World Cup match, in Colombo, on Wednesday.

Sebi's Valid UPI Initiative Sees Hiccups

Sebi's Valid UPI Initiative Sees Hiccups

Rediff.com1 Oct 2025

The new UPI IDs will follow formats such as abc.bkr@validhdfc or xyz.mf@validhdfc. For easier recognition, they will also carry a white 'thumbs up' icon inside a green triangle.

Meta slams CCI's data sharing order; tells tribunal it's flawed

Meta slams CCI's data sharing order; tells tribunal it's flawed

Rediff.com16 Sep 2025

Meta on Tuesday argued before appellate tribunal NCLAT that the CCI had provided no reasons for imposing a 5-year ban on the sharing of data between Meta and WhatsApp for advertisement purposes, as its counsel alleged "flawed approach" and "seven misses" by the fair trade regulator in its order.

Zubeen death: 'Murder accused' moves SC for CBI/NIA probe

Zubeen death: 'Murder accused' moves SC for CBI/NIA probe

Rediff.com3 Oct 2025

A petition has been filed in the Supreme Court seeking transfer of the probe into the death of Assamese singer Zubeen Garg from the state police's SIT to a central agency such as the CBI or the NIA.

Tourist Footfalls Drop Across J&K, Ladakh

Tourist Footfalls Drop Across J&K, Ladakh

Rediff.com14 Oct 2025

'The Pahalgam terror attacks and the conflict that followed were a big blow to local tourism.' 'And just when things were starting to go back to normal, the floods, caused by heavy rain, spoiled all chances of a bounce-back this season.'

'Crime Wasn't Just Fraud. It Was Murder For Profit'

'Crime Wasn't Just Fraud. It Was Murder For Profit'

Rediff.com8 Oct 2025

Murders disguised as accidents. In one horrifying case, a man insured his father, mother, and wife -- then allegedly killed them all. He claimed Rs 54 crore in insurance.

New Visa Rules: Tough Times Ahead For UK-Bound Indian Grads

New Visa Rules: Tough Times Ahead For UK-Bound Indian Grads

Rediff.com15 Oct 2025

Indian graduates face tougher English tests, shorter post-study stays, higher costs and stricter settlement rules as Britain rolls out sweeping immigration reforms.

Why Hospitals Are Spending Money On IT

Why Hospitals Are Spending Money On IT

Rediff.com11 Sep 2025

60 per cent of hospitals are directing investments towards IT capability building, 50 per cent towards business intelligence tools and data lakes, and a significant share into AI-led use cases such as clinical documentation (72 per cent), decision support systems (64 per cent) and imaging (60 per cent).

Global Investing: What YOU Must Know

Global Investing: What YOU Must Know

Rediff.com16 Oct 2025

Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.

How India can tackle China's restrictions on rare earth supply

How India can tackle China's restrictions on rare earth supply

Rediff.com11 Sep 2025

India must act decisively to fully leverage the vast opportunities that exist in India for developing the entire rare earth magnet ecosystem, SIAM president Shailesh Chandra said on Thursday. The government is considering incentives for the production of rare earth minerals and magnets in response to China's restrictions on its global supply, which have disrupted the supply chain.

Ten dead as torrential rain paralyses Kolkata; Puja holidays advanced

Ten dead as torrential rain paralyses Kolkata; Puja holidays advanced

Rediff.com24 Sep 2025

Heavy overnight rainfall caused widespread flooding in Kolkata, disrupting traffic, public transport, and daily life. Train and Metro services were suspended, and many areas experienced significant waterlogging.

Messi's Inter Miami is smashing TV records at Club World Cup

Messi's Inter Miami is smashing TV records at Club World Cup

Rediff.com27 Jun 2025

Lionel Messi, arguably the most recognizable player in the Club World Cup, is steering viewership to his underdog team.

Ambani lists Reliance's four engines for growth

Ambani lists Reliance's four engines for growth

Rediff.com7 Aug 2025

Reliance Industries has built four high-powered growth engines of retail, digital services, media and entertainment, and new energy to propel the conglomerate's next phase of expansion, Chairman Mukesh Ambani said. Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report.

Dhoni Or Rohit? Who Is India's Most Successful T20 Captain?

Dhoni Or Rohit? Who Is India's Most Successful T20 Captain?

Rediff.com29 Aug 2025

Rohit Sharma holds the record for leading India to the most victories in T20 Internationals.

Liverpool set to splash $175m on this young striker

Liverpool set to splash $175m on this young striker

Rediff.com1 Sep 2025

Liverpool have agreed a deal to sign Swedish striker Alexander Isak from Newcastle United on a long-term contract for a British record fee of around 130 million pounds.

Adani Group posts record EBITDA of Rs 90K cr in FY25

Adani Group posts record EBITDA of Rs 90K cr in FY25

Rediff.com22 May 2025

Adani Group's portfolio companies posted their highest-ever pre-tax profit (EBITDA) of about Rs 90,000 crore in the fiscal year ended March 31 and had a cash balance to cover 21 months of debt servicing, the ports-to-energy conglomerate said on Thursday. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) has more than tripled in six years - from Rs 24,870 crore in 2018-19 to Rs 89,806 crore in 2024-25 (April 2024 to March 2025).

How to curb irrational bidding by companies?

How to curb irrational bidding by companies?

Rediff.com29 Sep 2025

To prevent companies from submitting unrealistic quotes to bag project contracts across industries, the government is planning to soon roll out a mechanism to curb irrational bidding.

Adar Poonawalla Wants To Buy RCB

Adar Poonawalla Wants To Buy RCB

Rediff.com1 Oct 2025

It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.

Mumbai EOW summons Raj Kundra in Rs 60 cr 'cheating' case

Mumbai EOW summons Raj Kundra in Rs 60 cr 'cheating' case

Rediff.com9 Sep 2025

Kundra, accused of diverting a loan amount, has been asked to appear before EOW officials on September 15.

EOW of Mumbai police summon Raj Kundra in Rs 60 cr cheating case

EOW of Mumbai police summon Raj Kundra in Rs 60 cr cheating case

Rediff.com9 Sep 2025

Businessman Raj Kundra, husband of Bollywood actor Shilpa Shetty, has been summoned by the Economic Offenses Wing (EOW) of the Mumbai Police in connection with an alleged Rs 60 crore cheating case.

Analysts place higher bets on gold despite silver's outperformance

Analysts place higher bets on gold despite silver's outperformance

Rediff.com5 Oct 2025

As the rally in precious metals takes centre stage in 2025, most analysts recommend a larger allocation to gold over silver despite the latter's outperformance this year. In the current calendar year (CY25), spot gold prices in dollar terms rallied

Yug Gupta murder: HC acquits one, commutes death sentence of two

Yug Gupta murder: HC acquits one, commutes death sentence of two

Rediff.com23 Sep 2025

The Himachal Pradesh High Court acquitted one convict and commuted the death sentence of two others to life imprisonment in the 2014 Yug Gupta murder case.

Indian Cars Race Abroad as Home Sales Stall

Indian Cars Race Abroad as Home Sales Stall

Rediff.com3 Oct 2025

Between April and August this financial year, passenger car exports rose 8.5 per cent year-on-year (Y-o-Y), while domestic sales fell by 8.5 per cent.

Mighty Koreans Skip Inaugural Archery Premier League!

Mighty Koreans Skip Inaugural Archery Premier League!

Rediff.com29 Aug 2025

There will be no South Korean participation in the inaugural Archery Premier League, denying Indian archers a chance to "test" themselves against their biggest nemesis in the world's first-ever franchise competition in the sport.

Delhi BMW couple took victims 22 km away despite pleas

Delhi BMW couple took victims 22 km away despite pleas

Rediff.com15 Sep 2025

A senior government official died and his wife was seriously injured after their motorcycle was hit by a BMW in Delhi. The wife alleges the couple in the car delayed taking them to a proper hospital.

Ambani family wealth is double that of Adani's at Rs 28 lakh cr: Report

Ambani family wealth is double that of Adani's at Rs 28 lakh cr: Report

Rediff.com12 Aug 2025

The Ambani family, headed by billionaire Mukesh Ambani, possesses a wealth of Rs 28 lakh crore, more than double that of the Adani family at Rs 14.01 lakh crore, a report said on Tuesday. The 300 most valuable Indian families have a wealth of over $1.6 trillion (over Rs 140 lakh crore), or more than 40 per cent of the country's GDP.

Banks can now fund India Inc's M&A drive

Banks can now fund India Inc's M&A drive

Rediff.com2 Oct 2025

The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.

Upcoming IPOs That Dalal Street is Whispering About

Upcoming IPOs That Dalal Street is Whispering About

Rediff.com24 Sep 2025

Dalal Street is buzzing with excitement, as some of the most-awaited IPOs are gearing up to hit the market. While some of these big companies are planning to join the stock exchanges towards the end of 2025, others are likely to be available for trading by the first half of 2026.

Adani Enterprises Q4 net rises over 7-fold to Rs 3,845 cr

Adani Enterprises Q4 net rises over 7-fold to Rs 3,845 cr

Rediff.com2 May 2025

Adani Enterprises Ltd (AEL) reported an over sevenfold year-on-year (Y-o-Y) rise in its consolidated net profit, attributable to the owners of the company, for the January-March quarter of 2024-25 (Q4FY25) due to an exceptional item gain. The conglomerate's net profit was recorded at Rs 3,844.91 crore, up from Rs 450.58 crore a year ago.

SIR row: RS Chair warns against sharing expunged speeches online

SIR row: RS Chair warns against sharing expunged speeches online

Rediff.com19 Aug 2025

Rajya Sabha Chair addresses the issue of expunged proceedings being shared on social media amidst ongoing stalemate between the government and opposition regarding a discussion on Special Intensive Revision (SIR) in Bihar.

'I Can't Say On September 22, I Will Be With A Stick'

'I Can't Say On September 22, I Will Be With A Stick'

Rediff.com22 Sep 2025

'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'

HC Orders Trial In Dhoni's 100 Cr Defamation Case

HC Orders Trial In Dhoni's 100 Cr Defamation Case

Rediff.com12 Aug 2025

M S Dhoni had filed the defamation suit in 2014 against Zee Media Corporation, Sudhir Chaudhary- Editor & Business Head of Zee News, IPS Officer G Sampath Kumar, and News Nation Network Pvt Ltd.

When The Record-Breaking Smriti Mandhana Gets...

When The Record-Breaking Smriti Mandhana Gets...

Rediff.com28 Jan 2025

It's not just the cricketing world that Smriti Mandhana is taking by storm.

Who Will Win The Asia Cup Final?

Who Will Win The Asia Cup Final?

Rediff.com26 Sep 2025

Sunday's final can be called the ultimate stress-test day for every cricket fan's heartbeat.

Car sales in fast lane in Sep on lower prices post GST rejig

Car sales in fast lane in Sep on lower prices post GST rejig

Rediff.com1 Oct 2025

Auto majors Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported robust sales in September as reduced price tags owing to GST rationalisation led to record demand in the Navaratri period. The month also saw Tata Motors and Mahindra & Mahindra settling at number two and three positions, respectively in vehicle wholesales ahead of Hyundai Motor India.

'World Cup cricket in India is truly next level'

'World Cup cricket in India is truly next level'

Rediff.com25 Sep 2025

If India win Women's World Cup it would be a seismic moment: England captain Sciver-Brunt

3 reasons why Muthoot Finance outperformed in Q1FY26

3 reasons why Muthoot Finance outperformed in Q1FY26

Rediff.com3 Oct 2025

With the price of gold entering a strong bull run, gold-loan non-banking financial companies (NBFCs) are under the spotlight, even though their performance is not directly linked to gold price. Muthoot Finance outperformed in the April-June quarter (Q1) of 2025-26 (FY26), with its assets under management (AUM) growing 10 per cent quarter-on-quarter (Q-o-Q) and 42 per cent year-on-year (Y-o-Y), an improvement of 88 basis points (bps) Q-o-Q in net interest margin (NIM), and a fall in credit cost. Gold AUM rose 40 per cent Y-o-Y and 10 per cent Q-o-Q. The company recorded recoveries of 350 crore, including 100 crore from an asset reconstruction company (ARC), resulting in a 100-bp Q-o-Q yield increase.