News for 'Business Standard the department'

Goa open to domestic tourists from Thursday

Goa open to domestic tourists from Thursday

Rediff.com1 Jul 2020

Tourists will either have to carry COVID-19 negative certificates to enter the state, or will have to get tested at the border and undergo quarantine at a state-run facility till their results arrive.

Why inflation pain could get worse

Why inflation pain could get worse

Rediff.com14 Jun 2021

As India looks to mend its Covid-battered economy, one thing that will grab the attention of all concerned is the path that both wholesale and retail inflation will follow. Even the Reserve Bank of India in its latest policy statement said, "Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside.

Govt turns down FDI in retail e-commerce

Govt turns down FDI in retail e-commerce

Rediff.com10 Jun 2015

Ecommerce firms will have it tough as govt turns down FDI proposal.

Sitharaman asks banks to be more customer-friendly

Sitharaman asks banks to be more customer-friendly

Rediff.com21 Feb 2022

Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI's chairman Dinesh Kumar Khara said a startup's worries are more on the equity side and assured full support in lending if sufficient equity is on the table.

Rajasthan scores high on reviving economy, ease of doing biz

Rajasthan scores high on reviving economy, ease of doing biz

Rediff.com5 Jul 2016

Besides reviving investor sentiments, Vasundhara Raje's regime has brought reforms in the social sector.

Data privacy: Govt awaits Srikrishna panel's report before framing law

Data privacy: Govt awaits Srikrishna panel's report before framing law

Rediff.com19 Jul 2018

IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.

Sick PSUs list is starting point for FY16 divestments

Sick PSUs list is starting point for FY16 divestments

Rediff.com18 Mar 2015

The list is of companies declared sick as on March 31, 2014.

Bibek Debroy retained as chairman of PM's economic council

Bibek Debroy retained as chairman of PM's economic council

Rediff.com26 Sep 2019

Sajjid Chenoy, India economist at JP Morgan is the new part-time member.

Why TCS is upset with the MEA

Why TCS is upset with the MEA

Rediff.com21 Jun 2018

The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS

How insurance brokers losing the game to technology

How insurance brokers losing the game to technology

Rediff.com7 Oct 2019

The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.

Rogue ARCs must be punished

Rogue ARCs must be punished

Rediff.com6 Jan 2022

Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.

To beat crisis, Hyundai halts production for several days at Chennai unit

To beat crisis, Hyundai halts production for several days at Chennai unit

Rediff.com19 Aug 2019

Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.

Rs 3,500-cr fine on Singh bros, not Rs 2,562 cr: Daiichi

Rs 3,500-cr fine on Singh bros, not Rs 2,562 cr: Daiichi

Rediff.com7 May 2016

Daiichi alleged that Singh brothers had concealed and misrepresented critical information concerning US Food and Drug Administration and Department of Justice investigations into Ranbaxy

CCD crisis: I-T officer draws flak for tax terrorism day before retirement

CCD crisis: I-T officer draws flak for tax terrorism day before retirement

Rediff.com31 Jul 2019

Balakrishnan refused to react to the India Inc criticism of growing incidents of tax terrorism following Siddhartha's letter. Appearing unfazed, he said, "I only believe in doing my job well."

Coronavirus spread: Retailers, multiplexes, mall owners spar over rentals

Coronavirus spread: Retailers, multiplexes, mall owners spar over rentals

Rediff.com20 Mar 2020

Retailers and multiplex operators want mall owners to either forgo rent for the period of the shutdown or lower rent in the event the mall is open but footfalls are low.

Govt readies plan to boost demand with infra spend, cash transfer

Govt readies plan to boost demand with infra spend, cash transfer

Rediff.com11 Jun 2020

This includes an infrastructure push which may lead to the government spending more than its budgeted capital expenditure for 2020-21. There are also discussions on increasing the scope and quantum of direct cash transfers to the beneficiaries who need it the most.

Government takes up pay cut, layoffs with India Inc

Government takes up pay cut, layoffs with India Inc

Rediff.com6 Apr 2020

A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.

Bankers under lens over money laundering

Bankers under lens over money laundering

Rediff.com7 Dec 2016

The CBI and ED are keeping a close eye on several bank accounts.

Getting Laid Off? Know Your Rights

Getting Laid Off? Know Your Rights

Rediff.com1 Dec 2022

Companies today are taking a very fashionable way to reduce their workforce. Instead of the outright firing of employees, an alternative approach that some companies are using is the passive-aggressive method which is both deliberate and accidental, points out corporate lawyer Ishanee Sharma.

In Centre's fire sale: land, factories, apartments, office space

In Centre's fire sale: land, factories, apartments, office space

Rediff.com27 Jan 2020

Processes are at an advanced stage for a number of assets of the Centre and central public sector enterprises (CPSEs) to be monetised. The assets include office space, apartments, factories, land, power transmission assets, sports stadia, gas pipelines, and telecom assets.

Cyrus Poonawalla's Lincoln House buy hits a hurdle

Cyrus Poonawalla's Lincoln House buy hits a hurdle

Rediff.com21 Oct 2015

Defence ministry tells Mumbai collector to register property only after its approval.

70 call centre staff held for duping US nationals

70 call centre staff held for duping US nationals

Rediff.com6 Oct 2016

They would call US citizens and demand their financial and bank details, failing which they would allegedly threaten them with dire consequences, including legal action and jail term

HDFC Bank to welcome back its former employees

HDFC Bank to welcome back its former employees

Rediff.com9 Dec 2014

The bank introduces project 'Khoj' to re-hire 3,000 ex-workers over 18 months.

'The change from pessimism to confidence is a major achievement'

'The change from pessimism to confidence is a major achievement'

Rediff.com5 Jul 2016

'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'

At 50, AIADMK faces senior moment with no saviour in sight

At 50, AIADMK faces senior moment with no saviour in sight

Rediff.com3 Jan 2022

Factionalism between OP Panneerselvam and Edappadi Palaniswami, the dominance of the BJP, the ruling DMK having a strong face in the form of CM Stalin, 'community and region-based politics', corruption charges against former ministers, and lack of a proper ideology are the major challenges the party is facing in the state.

Nokia unit may make phones for Microsoft

Nokia unit may make phones for Microsoft

Rediff.com5 Dec 2013

Unions will 'fight to death' if company 'decides' to shut Chennai factory.

Why Sebi, staffers are at loggerheads

Why Sebi, staffers are at loggerheads

Rediff.com19 Oct 2018

Employees allege breach of transfer policy, accuses HR of non-transparency; protests to resume on October 22

Rising fuel prices may hit BPCL's divestment plan

Rising fuel prices may hit BPCL's divestment plan

Rediff.com26 Oct 2021

The divestment of Bharat Petroleum Corporation (BPCL) may hit a fuel price hurdle, according to officials dealing with the matter. They pointed out that the inconspicuous administered price regime could hamper the prospects for potential buyers of BPCL. A senior oil ministry official said public-sector oil-marketing companies (OMCs) take a hit when they sell petrol, diesel, and liquefied petroleum gas (LPG), three of the most popular petroleum products in the country.

Apple seeks wholesale licence

Apple seeks wholesale licence

Rediff.com20 Jan 2016

The maker of the iPhone and the iPad has made a proposal to the government for a wholesale foray.

Rains to hit paddy yield in north India

Rains to hit paddy yield in north India

Rediff.com25 Sep 2018

In Central India, the standing soybean and pulses crops have also been hit but the loss isn't massive as the showers were followed by relatively bright sunshine that helped absorb soil moisture

Flipkart sees a slew of changes in top management

Flipkart sees a slew of changes in top management

Rediff.com12 Dec 2018

These top level changes have come soon after Flipkart co-founder and Group CEO Binny Bansal resigned over allegations of serious personal misconduct in November.

1,300 listed firms did not file annual results

1,300 listed firms did not file annual results

Rediff.com2 Jul 2018

911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses

Bigger firms scoop up more market share during Covid-19 pandemic

Bigger firms scoop up more market share during Covid-19 pandemic

Rediff.com28 Jul 2021

Top companies have grabbed a bigger pie of their sectors in the pandemic period, leading to a further rise in market concentration in many industries as measured by the Herfindahl-Hirschman Index (HHI). The HHI score, which indicates competitive intensity in an industry (or a lack of it), reached a new high in FY21 as bigger firms raised their revenue market shares either organically or through mergers and acquisitions. A higher HHI score indicates a rise in market concentration in favour of a few firms while a lower score means that the industry's revenue is more evenly divided among many companies

Despite normal monsoon forecast, Centre tells states to be drought-ready

Despite normal monsoon forecast, Centre tells states to be drought-ready

Rediff.com9 May 2017

The exercise, Agriculture Minister Radha Mohan Singh said, will help ease any possible impact of sub-par rainfall on farmers.

Budget 2018: What the rural sector can expect

Budget 2018: What the rural sector can expect

Rediff.com24 Jan 2018

The Budget allocation for Ministry of Agriculture and allied activities has grown by 114% since 2010-11

Investors Summit: Yogi govt spent Rs 65cr in 'make up' of Lucknow

Investors Summit: Yogi govt spent Rs 65cr in 'make up' of Lucknow

Rediff.com24 Feb 2018

Mukesh Ambani said he had never seen any city decked up so strikingly as Lucknow

IBM to move court against India's tax demand

IBM to move court against India's tax demand

Rediff.com2 Nov 2013

I-T dept has asked for Rs 5,357 crore ($865 million) alleging the company had suppressed its revenue for FY09 to evade taxes

MPs raised issues over Jet-Etihad deal with PMO

MPs raised issues over Jet-Etihad deal with PMO

Rediff.com3 Jul 2013

Members of Parliament (MPs) across the political spectrum have written to the Prime Minister's Office (PMO) and the Central Vigilance Commission (CVC), seeking a probe into a stake sale deal between Jet Airways (India) Ltd and Gulf-based carrier Etihad Airways.

Was this why Murmu was moved out of J&K?

Was this why Murmu was moved out of J&K?

Rediff.com10 Aug 2020

G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.

Black money declaration now slightly higher

Black money declaration now slightly higher

Rediff.com5 Dec 2016

It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.