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News for 'Commercial Service'

IAF plane brings back diplomats, officials from Kabul

IAF plane brings back diplomats, officials from Kabul

Rediff.com17 Aug 2021

The IAF transport aircraft landed in Jamnagar, Gujarat with over 120 people including officials and security personnel from the embassy.

BSNL rolls out first urban mobile WiMAX service

BSNL rolls out first urban mobile WiMAX service

Rediff.com27 Feb 2010

Union minister of state for agriculture and consumer affairs K V Thomas launched the facility at a function in Kochi on Saturday.

Will India Win The New Space Race?

Will India Win The New Space Race?

Rediff.com19 Jul 2023

India is attempting to soft-land a rover on the moon and will attempt, at some point next year hopefully, sending humans into orbit. All of this makes an exciting time for space around the world, notes Aakar Patel.

Cloud services in India is a $2 trn opportunity: Nadella

Cloud services in India is a $2 trn opportunity: Nadella

Rediff.com30 Sep 2014

Microsoft on Tuesday said it will offer commercial cloud services from local data centres in India by 2015 as the tech giant gears for competition for the estimated $2 trillion domestic market opportunity from rival firms like Google and IBM.

The Man Who Made Shah Rukh Dance

The Man Who Made Shah Rukh Dance

Rediff.com7 Sep 2023

Today, Anirudh Ravichander's name on a film's poster is enough to pull in audiences, notes Arjun Menon.

Uday Kotak will be non-executive board member in Kotak Mahindra Bank

Uday Kotak will be non-executive board member in Kotak Mahindra Bank

Rediff.com15 Jul 2023

Ahead of the end of his term as the Kotak Mahindra Bank's chief executive and managing director, Uday Kotak has said he will be a "non-executive board governance member and a strategic shareholder" going ahead. In the private sector lender's annual report, the last such message from him as the MD and CEO before he relinquishes the position at the end of 2023, Kotak reminisced about the institution's journey, pointing out that Rs 10,000 invested in 1985 is worth over Rs 300 crore today. "Going forward, I see my role as a non-executive board governance member and a strategic shareholder with a long term perspective of nurturing a world class institution," Kotak said in the annual report.

Former Formula One supremo Ecclestone to stand trial for fraud next year

Former Formula One supremo Ecclestone to stand trial for fraud next year

Rediff.com4 Oct 2022

Former Formula One supremo Ecclestone will stand trial for a charge of tax fraud at the HM Revenue and Customs court, London in October 2023.

Ashok Leyland's telematics is a next gen solution

Ashok Leyland's telematics is a next gen solution

Rediff.com14 Jan 2023

According to reports, by last year, the company has helped its customers save 15 per cent on costs -- around 5-6 per cent on fuel and 15 per cent on fleet utilisation through digital measures.

Konnect phaseout to boost JetLite, Etihad services

Konnect phaseout to boost JetLite, Etihad services

Rediff.com13 Aug 2014

The move will help Jet Airways strengthen its subsidiary JetLite's performance.

India's merchandise exports at $50 bn in 2002: WTO

India's merchandise exports at $50 bn in 2002: WTO

Rediff.com24 Apr 2003

Howard County, B'lore firms meet for biz growth

Howard County, B'lore firms meet for biz growth

Rediff.com23 Feb 2008

Howard County delegates will meet Bangalore firms to explore possibilities of business expansion of Indian companies in Howard County.

Site finalised for Vizag international airport

Site finalised for Vizag international airport

Rediff.com12 Feb 2008

Governor ND Tiwari while addressing the joint session of the legislative Assembly, which commenced the 40-day annual budget sessions on Monday , said the Airports Authority of India had conducted a site location feasibility study for the international airport at Visakhapatnam and the site had been finalised near Rayavaram.

Personal info of Akasa Air's passengers leaked, airline informs CERT-In

Personal info of Akasa Air's passengers leaked, airline informs CERT-In

Rediff.com29 Aug 2022

Personal information such as name, gender, email address and phone numbers of some Akasa Air passengers has been leaked to "unauthorised individuals", the airline stated on Sunday. India's newest carrier said it self-reported this incident to Indian Computer Emergency Response Team CERT-In, which is the government-authorised nodal agency tasked to deal with matters of this nature. However, Akasa Air asserted that there was no "intentional hacking attempt, but that the situation was reported by a research expert through a journalist for which we are grateful".

Nature Like Never Before

Nature Like Never Before

Rediff.com28 Nov 2023

Extraordinary award-winning photographs from more than 20,000 images from all over the world.

Seminar: Importing from the US

Seminar: Importing from the US

Rediff.com1 Feb 2006

The Indo-American Society invites management students and business professionals to a seminar on importing from USA.

Jio-bp, Mahindra sign MoU for EV

Jio-bp, Mahindra sign MoU for EV

Rediff.com8 Dec 2021

A joint venture of Reliance Industries Ltd and BP of the UK on Wednesday said it has signed an agreement with the Mahindra Group to explore EV and low-carbon solutions, including battery swapping technology options, for electric 3-wheelers. Besides exploring creation of EV products and services, the non-binding MoU signed by Reliance BP Mobility Limited (RBML) and Mahindra Group would look for identifying synergies in low-carbon and conventional fuels, the company said in a statement. "The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles - sub 4 ton)," it said.

CFM International to open service centres in India

CFM International to open service centres in India

Rediff.com7 Nov 2007

Commercial transport jet engines supplier CFM International has said it plans to set up a spare parts service centre in Mumbai and an engine maintenance training unit in India. CFM, which is a JV between General Electric Company and Snecma (Safran Group), has six Indian air carriers in the client-list Air India Express, Air India, Jet Airways, JetLite, SpiceJet and GoAir.

Jhunjhunwala-backed Akasa Air to launch operations from June

Jhunjhunwala-backed Akasa Air to launch operations from June

Rediff.com26 Mar 2022

Speaking at an interactive session on the sidelines of Wings India 2022, Dube on Friday said the airline hopes to have a fleet of 72 aircraft in the next five years. "We hope to launch our first commercial flight in the month of June.

Roger Moore: On Her Majesty's Service

Roger Moore: On Her Majesty's Service

Rediff.com24 May 2017

In photos: Remembering the longest-serving James Bond.

'Private investors will wait for election results'

'Private investors will wait for election results'

Rediff.com14 Aug 2023

'Policy-sensitive sectors will wait and watch, but policy-agnostic areas will continue based on normal consumption demand.'

India's heaviest rocket blasts off with OneWeb India's 36 broadband satellites

India's heaviest rocket blasts off with OneWeb India's 36 broadband satellites

Rediff.com23 Oct 2022

The heaviest rocket of the Indian Space Research Organisation -- LVM3-M2/OneWeb India-1 -- blasted off from the Sriharikota spaceport on Sunday to place 36 broadband communication satellites into the Low Earth Orbit (LEO) for a UK-based customer.

HSBC acquires Silicon Valley Bank's UK arm for 1 pound

HSBC acquires Silicon Valley Bank's UK arm for 1 pound

Rediff.com13 Mar 2023

The UK government announced on Monday that it has facilitated London-based banking major HSBC to buy the embattled UK arm of Silicon Valley Bank for 1 pound, securing the deposits of more than 3,000 customers worth around 6.7 billion pounds. Santa Clara, California-based Silicon Valley Bank - which specialised in lending to technology companies - was shut down by US regulators on Friday in what was the largest failure of a US bank since 2008. According to experts, although the UK arm of SVB was small with only around 3,000 business customers, its collapse would have presented a risk for the tech sector which is seen as crucial to Britain's economic growth.

Adani firm repays Rs 1,500 cr in comback strategy

Adani firm repays Rs 1,500 cr in comback strategy

Rediff.com20 Feb 2023

Adani group firm Adani Ports & SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research. Adani Ports and SEZ paid SBI Mutual Funds' due amount of Rs 1,500 crore on Monday and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme), a company spokesperson said. "This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said.

BCCI is a 'shop', rules Supreme Court

BCCI is a 'shop', rules Supreme Court

Rediff.com31 Aug 2022

The activities of the Board of Control for Cricket in India (BCCI) are commercial in nature and can be termed as a 'shop' for the purposes of attracting the provisions of the Employees State Insurance Act, the Supreme Court has said.

Phagwara clash: 4 injured; mobile internet services shut in 4 districts

Phagwara clash: 4 injured; mobile internet services shut in 4 districts

Rediff.com14 Apr 2018

The groups clashed over the installation of a board and renaming of a chowk (intersection) in Phagwara, police said.

PE fund Advent to buy Suven Pharma

PE fund Advent to buy Suven Pharma

Rediff.com26 Dec 2022

Global private equity investor Advent International on Monday said it is acquiring a significant stake in Suven Pharmaceuticals from its promoters, the Jasti family. The PE major said this will be followed with an open offer to acquire 26 per cent more in the listed contract development and manufacturing organisation from public shareholders, and also merge the company with investee company Cohance Lifesciences, as per an official statement. Media reports on a Monday morning pegged the acquisition at Rs 6,300 crore, and that Advent had pipped rival Blackstone for the acquisition.

9 killed as private party coach catches fire at Madurai station

9 killed as private party coach catches fire at Madurai station

Rediff.com26 Aug 2023

At least 10 persons were 'reported dead' in a fire that broke out inside a stationary train compartment in Madurai railway station in the wee hours of Saturday, the Southern Railway said, adding a 'gas cylinder illegally' taken in led to the blaze.

Check NCD's Credit Rating Before Investing

Check NCD's Credit Rating Before Investing

Rediff.com1 Feb 2023

An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.

Days after Veep's criticism, CJI hails basic structure doctrine

Days after Veep's criticism, CJI hails basic structure doctrine

Rediff.com21 Jan 2023

The remarks by the CJI came against the backdrop of the recent remarks by Vice President Jagdeep Dhankhar who questioned the landmark 1973 Kesavananda Bharati case verdict that gave the basic structure doctrine.

India, Pak to talk in March to review air services

India, Pak to talk in March to review air services

Rediff.com28 Feb 2006

Power stocks to stay charged as heat wave sweeps India, say analysts

Power stocks to stay charged as heat wave sweeps India, say analysts

Rediff.com5 May 2023

As temperatures soar across the country, amid searing heat wave, analysts see power demand hitting fresh record highs this year. The time, therefore, may be opportune to add related stocks on dips as higher demand boosts earnings visibility, they said. On April 18, India's electricity demand touched a new high of 216 gigawatts.

A new fintech world is upon us amid funding drought, lower valuations

A new fintech world is upon us amid funding drought, lower valuations

Rediff.com29 May 2023

In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.

NSG can now requisition commercial aircraft

NSG can now requisition commercial aircraft

Rediff.com24 Jan 2009

The Union Ministry of Home Affairs has issued a gazette notification under the National Security Guard Act, empowering the NSG Director General or an Inspector General of the force authorized by DG NSG to requisition aircraft from any operator registered in India in the interest of public safety for public service.

Reliance sets its drone biz plan in motion

Reliance sets its drone biz plan in motion

Rediff.com18 Feb 2022

Reliance Industries has put together an aggressive plan to build its drone business which includes expanding manufacturing capacity five-fold, participating in the new drone production linked incentive scheme, and experimenting with limited logistics payloads to deliver goods. The target is to become a key player in the expected $5 billion market in India by the end of the decade. The drone business is being carried out through a Bangalore-based start up, Asteria Aerospace, in which Reliance has taken a majority stake. Asteria is a subsidiary of Jio Platforms Ltd.

Why BECA when we have NavIC?

Why BECA when we have NavIC?

Rediff.com27 Oct 2020

'The goal seems to be that we do not invest further in our system to make our system more accurate and more reliable or more global in reach,' an ISRO source tells Shivanand Kanavi.

International flights suspended till Jan 31, 2022: DGCA

International flights suspended till Jan 31, 2022: DGCA

Rediff.com9 Dec 2021

India will keep its scheduled international passenger flights suspended till January 31 next year, aviation regulator DGCA said on Thursday.

3G service to spur mobile growth: Study

3G service to spur mobile growth: Study

Rediff.com13 Apr 2006

Can RBI Win The War On Inflation?

Can RBI Win The War On Inflation?

Rediff.com13 Sep 2023

'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'

Life of Pi revolves around next-gen cloud services

Life of Pi revolves around next-gen cloud services

Rediff.com6 Jan 2017

Hyderabad-based Pi Datacenters wants to be the first destination of choice for enterprises in data and cloud services.

We plan to capture just 4% of market in 4 years: Prestige Estates' Irfan Razack

We plan to capture just 4% of market in 4 years: Prestige Estates' Irfan Razack

Rediff.com8 Mar 2023

Bengaluru-based Prestige Estates Projects recently said it aims to double its annual residential sales bookings to Rs 25,000 crore by FY26 from its current markets and others such as Mumbai, Pune and National Capital Region (NCR). The company's chairman and managing director Irfan Razaq tells Raghavendra Kamath about his plans to achieve the target and outlook for the real estate market.

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