News for 'Business Standard'

'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.'

'Social engineering and deepfakes are only going to increase'

'Social engineering and deepfakes are only going to increase'

Rediff.com30 Jan 2025

'The use of AI, especially genAI is only going to get worse, especially in an enterprise ecosystem.'

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.

This is one of the largest health-care deals in India

This is one of the largest health-care deals in India

Rediff.com13 Dec 2024

'Along with Blackstone, we would be keen to look at opportunities in the North.'

'Trump Respects India's Friendship'

'Trump Respects India's Friendship'

Rediff.com7 Mar 2025

'The cooperation in technology is one of the most important aspects of the visit.' 'It will have a long-lasting impact because it will shift the entire paradigm in the context of artificial intelligence and emerging technologies.'

RBI lens on 8 fintech companies in P2P lending space

RBI lens on 8 fintech companies in P2P lending space

Rediff.com28 Jan 2025

Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.

'Budget Could Trigger Market Revival'

'Budget Could Trigger Market Revival'

Rediff.com30 Jan 2025

'The Budget must be pro-growth, focusing on infrastructure creation while also managing the fiscal deficit.'

'We Will Have A Mutually Beneficial Trade Agreement'

'We Will Have A Mutually Beneficial Trade Agreement'

Rediff.com18 Feb 2025

'The US has agreed to negotiate with us a mutually beneficial bilateral trade agreement, which will go for reduction of tariffs on both sides so that our trade can grow.'

Airfares Rise By 53% As Competition Fades

Airfares Rise By 53% As Competition Fades

Rediff.com5 Sep 2024

Indigo has zero competition on 61.2 per cent of its 838 domestic routes.

Budget may go vocal for higher local procurement

Budget may go vocal for higher local procurement

Rediff.com17 Jul 2024

To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.

'PSB is exploring digital lending solutions'

'PSB is exploring digital lending solutions'

Rediff.com5 Feb 2025

'We plan to launch new initiatives, including cash flow-based lending, to ensure borrowers are not burdened and can access funds more quickly.'

'ESG means doing business the right way'

'ESG means doing business the right way'

Rediff.com22 Sep 2023

'ESG is actually a concept which cannot be applied effectively in the very short run.'

'EVs are the only way to decarbonise'

'EVs are the only way to decarbonise'

Rediff.com24 Jan 2025

About 99,165 electric cars were sold in India in 2024, but electric car penetration -- share of electric car sales in total sales -- was just about 2.5 per cent.

India To Fast-Track Visas For Chinese Nationals

India To Fast-Track Visas For Chinese Nationals

Rediff.com8 Aug 2024

The new guidelines, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India.

Will Trump 2.0 See More US Oil To India?

Will Trump 2.0 See More US Oil To India?

Rediff.com22 Jan 2025

'The US is strongly placed to expand its crude supplies to India.'

Passenger vehicle sales crash 10% in Feb, 2Ws down 6%

Passenger vehicle sales crash 10% in Feb, 2Ws down 6%

Rediff.com21 Mar 2025

The meltdown in Dalal Street that wiped out investor wealth to the tune of 44 trillion in 2025 also seems to be having a ripple effect on the country's vibrant automobile retail sales.

'AI is playing critical role in LTIMindtree success'

'AI is playing critical role in LTIMindtree success'

Rediff.com2 Feb 2025

'Our AI strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is now in action.'

D2C brands hitch a ride on the quick commerce wagon

D2C brands hitch a ride on the quick commerce wagon

Rediff.com17 Jun 2024

As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.

'Old Tax Scheme Will Naturally Go Away'

'Old Tax Scheme Will Naturally Go Away'

Rediff.com4 Feb 2025

'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'

Despite Sanctions, India's Russian Oil Imports Surge

Despite Sanctions, India's Russian Oil Imports Surge

Rediff.com1 Feb 2025

Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.

Rolls-Royce to Double Sourcing from India in 5 Years

Rolls-Royce to Double Sourcing from India in 5 Years

Rediff.com10 Feb 2025

Aerospace major Rolls-Royce has announced its intention to double its supply chain sourcing from India over the next five years. The company plans to increase sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines, and gas turbine engines to grow its presence and participation in India's defense sector. Rolls-Royce currently sources a wide range of high-precision parts and engine components from Indian partners for its civil aerospace, defense, and power systems businesses. The company highlights India's emergence as a preferred global sourcing hub and emphasizes its commitment to strengthening partnerships with both existing and potential Indian suppliers to develop capabilities for manufacturing complex engine components locally for global markets. Rolls-Royce highlights its established ecosystem of strategic partnerships, skilled talent, engineering and digital capabilities, service delivery, supply chain, and manufacturing in India, along with a history of successful technology transfer for licensed production of various engines in the defense domain. The company believes that strengthening the supply chain and enhancing ecosystem capabilities will pave the way for future co-production opportunities, supporting India's vision of becoming a self-reliant defense powerhouse. Rolls-Royce emphasizes its commitment to serving the needs of India's armed forces and its focus on participating in co-development opportunities for critical combat engine technologies.

LS Speaker asks Rahul to follow rules; LoP says not allowed to speak

LS Speaker asks Rahul to follow rules; LoP says not allowed to speak

Rediff.com26 Mar 2025

Rahul Gandhi, the Leader of the Opposition in India's Lok Sabha, has accused the Speaker, Om Birla, of running the House in a "non-democratic style" and preventing him from speaking. Gandhi claims that he was not allowed to speak on various issues, including unemployment and the Maha Kumbh festival, despite raising his hand to speak. He also alleges that the Speaker made unsubstantiated remarks about him and adjourned the House without giving him an opportunity to respond. The Speaker, however, has urged members to conduct themselves in accordance with the rules of the House, especially the Leader of the Opposition.

'Preparing to enter affordable housing loans space'

'Preparing to enter affordable housing loans space'

Rediff.com13 Oct 2024

'Focus will be on smaller loan amounts to meet the needs of affordable homebuyers.'

What EVs need for catching up with ICE-run cars

What EVs need for catching up with ICE-run cars

Rediff.com29 Jan 2025

'Currently, EVs are about 30-50 per cent more expensive than ICE vehicles. I believe the inflection point for EVs will come when this price gap narrows to 20-25 per cent. That's when people will start coming in.'

Will CBI Train Bankers To Detect Fraud?

Will CBI Train Bankers To Detect Fraud?

Rediff.com18 Dec 2024

The number of frauds in the banking sector increased over four times in the past five years to 36,075.

'Prime Minister Modi Has Been Fiscally Conscious'

'Prime Minister Modi Has Been Fiscally Conscious'

Rediff.com5 Feb 2025

'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'

'Our India centre is a hub for global innovation'

'Our India centre is a hub for global innovation'

Rediff.com8 Jan 2025

'Our business continues to roll out its strategy, the role of this GDTC continues to grow.'

Mid, Smallcap Stocks In Bear Market

Mid, Smallcap Stocks In Bear Market

Rediff.com28 Nov 2024

'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'

India Inc profits crawl as sales stay sluggish

India Inc profits crawl as sales stay sluggish

Rediff.com24 Feb 2025

Corporate India's struggle with subdued revenue and earnings growth persisted in the October-December quarter of 2024-25 (Q3FY25). The combined net sales (gross interest earnings for lenders) of listed companies grew in single digits for the seventh consecutive quarter, while their combined net profit rose by a single digit for the third straight quarter.

'Attention Comes With Pressure And Responsibility'

'Attention Comes With Pressure And Responsibility'

Rediff.com27 May 2025

'Tomorrow I will go back home, clean my bed, pay my rent, all the normal things that a person does.' 'I'll still be the same person for my friends, my parents.' 'That grounding is the real thing, rather than the feeling of having made it.'

Why is India Inc not speaking about investment?: Sitharaman

Why is India Inc not speaking about investment?: Sitharaman

Rediff.com28 Feb 2025

'The answer is not for me to give. The answer either way has to be heard from the industry itself. Tell us why not if you are not doing it; tell us if you are doing it -- why should this question remain unanswered?'

Post-Covid boom in profits yet to show in India Inc capex

Post-Covid boom in profits yet to show in India Inc capex

Rediff.com17 Sep 2024

The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure. The combined net profits of India's top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.

Planning A New Year Hol? Book Soon!

Planning A New Year Hol? Book Soon!

Rediff.com4 Dec 2024

Demand for the Christmas period is expected to rise further in the coming days.

Sharp Increase In Illegal Indian Migration To US

Sharp Increase In Illegal Indian Migration To US

Rediff.com4 Feb 2025

Indians have topped the number of illegal immigrants from Asian countries caught at land, sea, and air checkpoints of the US since 2022.

After cola play, Reliance Consumer takes trade margin fight to snacks

After cola play, Reliance Consumer takes trade margin fight to snacks

Rediff.com11 Nov 2024

After trying to make a dent in the cola market with Campa by offering higher trade margins to the supply chain, Reliance Consumer Products is betting on the same strategy to capture the chips, namkeen, and biscuits market in the country's booming snacks sector.

Manga Fever Takes Over India

Manga Fever Takes Over India

Rediff.com12 Feb 2025

'Netflix, Amazon Prime Video, Crunchyroll, and Disney+ Hotstar are continuously expanding their Anime libraries.'

Trade on road to recovery but Indian firms tread cautiously

Trade on road to recovery but Indian firms tread cautiously

Rediff.com12 Oct 2024

Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.

BJP tops 2023-24 donations with Rs ...

BJP tops 2023-24 donations with Rs ...

Rediff.com7 Apr 2025

The BJP received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to a report by poll rights body the Association for Democratic Reforms (ADR). The report, based on data submitted to the Election Commission, highlighted trends in political donations above Rs 20,000. The total declared donations to national parties stood at Rs 2,544.28 crore from 12,547 contributions - a sharp 199 per cent increase compared to the previous year.

'Consumers should not pay higher taxes for clean technologies'

'Consumers should not pay higher taxes for clean technologies'

Rediff.com7 Apr 2025

'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'

Deferred tax drags down Honda FY24 profit by 53%

Deferred tax drags down Honda FY24 profit by 53%

Rediff.com31 Oct 2024

Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.