News for 'Companies Bill'

Digital Competition Bill Wants Interoperability

Digital Competition Bill Wants Interoperability

Rediff.com19 Feb 2024

It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.

US House passes bill to ban Chinese app TikTok

US House passes bill to ban Chinese app TikTok

Rediff.com14 Mar 2024

Passed by the House by 352 to 65 votes, the bill now heads to the US Senate for it to be sent to the White House for the President to sign it into law.

Lok Sabha approves Telecom Bill; allows govt control of communication

Lok Sabha approves Telecom Bill; allows govt control of communication

Rediff.com20 Dec 2023

The Telecommunications Bill, 2023, which was passed by a voice vote after a short debate, also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety.

PIX: Villarreal shock Barcelona; Napoli, Inter held

PIX: Villarreal shock Barcelona; Napoli, Inter held

Rediff.com19 May 2025

Villarreal fought back to shock Barcelona 3-2 on Sunday, handing the LaLiga champions their first league defeat since late December.

Will Miss World Raise Telangana's Profile?

Will Miss World Raise Telangana's Profile?

Rediff.com8 Apr 2025

Many states are realising that hosting mega events puts the spotlight on them and raises their profile.

Govt changed data protection bill into money bill, charges Congress MP

Govt changed data protection bill into money bill, charges Congress MP

Rediff.com3 Aug 2023

Hours after Congress leader Manish Tewari on Thursday said the government might get the Digital Data Protection Bill classified as a money bill, Union IT Minister Ashwini Vaishnaw refuted the charge and termed it a "normal bill".

'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.'

Fitch removes Adani Energy from rating watch, first upgrade since US indictment

Fitch removes Adani Energy from rating watch, first upgrade since US indictment

Rediff.com10 Mar 2025

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.

Strong Q2 performance, growth outlook drive gains for Info Edge stock

Strong Q2 performance, growth outlook drive gains for Info Edge stock

Rediff.com30 Nov 2024

The stock of online classified major Info Edge (India) was up over 6 per cent on Friday on expectations of demand improvement for Indian IT companies. Strong revenue growth prospects for each of its online verticals - including recruitment, matrimony, real estate, education, and upside from its holdings in companies such as Zomato - had prompted Goldman Sachs to upgrade the stock. Info Edge's standalone revenue grew 10.6 per cent year on year (Y-o-Y) in Q2FY25, beating consensus. 99acres (+16.9 per cent Y-o-Y) and Jeevansathi (+33 per cent Y-o-Y) were drivers of growth while recruitment grew 8.5 per cent Y-o-Y.

Karnataka likely to levy 1-2% fee on digital apps

Karnataka likely to levy 1-2% fee on digital apps

Rediff.com21 Oct 2024

The Karnataka government is planning to levy a fee of 1-2 per cent on aggregator platforms like Swiggy, Zomato, Flipkart, Amazon, Uber, etc., a government source said on Friday, adding that an announcement in this regard could come following a sub-committee meeting next week. "There is a sub-committee meeting scheduled in the coming week.

US SC upholds law banning TikTok, app to be removed from stores

US SC upholds law banning TikTok, app to be removed from stores

Rediff.com18 Jan 2025

The US Supreme Court has upheld a law requiring TikTok's China-based parent company to divest from the app, paving the way for the popular platform to be banned from the US starting Sunday. The court's decision was unanimous, with the justices citing national security concerns related to TikTok's data collection practices and relationship with a foreign adversary. While existing users may still access the app, new users will be unable to download it and updates will no longer be available. The decision comes as the Biden administration prepares to hand over the reins to the incoming Trump administration, which is expected to review the situation before making a final determination on TikTok's fate.

BharatPe targets IPO in 18-24 months, Ebitda profitability in FY25

BharatPe targets IPO in 18-24 months, Ebitda profitability in FY25

Rediff.com15 Jan 2025

Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation (Ebitda) level for FY25, chief executive officer (CEO) Nalin Negi said.

Trump Has Become A Reset Button

Trump Has Become A Reset Button

Rediff.com11 Apr 2025

Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

What fintechs must do to scale up presence of e

What fintechs must do to scale up presence of e

Rediff.com24 Feb 2025

Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.

Aero India 2025: US F-35 and Russian Su-57 to debut

Aero India 2025: US F-35 and Russian Su-57 to debut

Rediff.com9 Feb 2025

In a first, the 'Aero India' mega event will witness participation of two of the world's most advanced fifth-generation fighter aircraft equipped with stealth capabilities -- the Russian Su-57 and the American F-35 Lightning II, the Defence Ministry said on Sunday.

'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.'

After 3 years, a bureaucrat to head Sebi

After 3 years, a bureaucrat to head Sebi

Rediff.com28 Feb 2025

Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.

Escalation in US-China trade war may help India

Escalation in US-China trade war may help India

Rediff.com4 Oct 2024

The escalation in the US-China trade war is expected to help India increase its exports and attract investments from American companies, think tank GTRI said on Friday. He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed.

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.

Digital Personal Data Protection Bill gets President's assent

Digital Personal Data Protection Bill gets President's assent

Rediff.com12 Aug 2023

Digital Personal Data Protection (DPDP) law aims to protect the privacy of Indian citizens while proposing a penalty of up to Rs 250 crore on entities for misusing or failing to protect digital data of individuals.

Rohit's fury, Gill's finesse: India's deadly opening pair

Rohit's fury, Gill's finesse: India's deadly opening pair

Rediff.com10 Mar 2025

Rohit Sharma's aggressive batting and Shubman Gill's calculated approach have formed a formidable opening partnership for India in ODIs.

OpenAI CEO Sam Altman calls India a potential AI leader

OpenAI CEO Sam Altman calls India a potential AI leader

Rediff.com5 Feb 2025

Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.

Siemens stock drops rapidly as management flags growth challenges ahead

Siemens stock drops rapidly as management flags growth challenges ahead

Rediff.com31 Dec 2024

Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.

Couples Invite Global Guests to Weddings, For a Fee

Couples Invite Global Guests to Weddings, For a Fee

Rediff.com10 Mar 2025

From dressing in colourful lehengas and sherwanis to dancing to Bollywood tunes during the baraat, these startups are offering an immersive journey into the world of Indian weddings.

Trump extends TikTok deadline by 75 days

Trump extends TikTok deadline by 75 days

Rediff.com21 Jan 2025

US President Donald Trump has signed an executive order extending the operations of TikTok, the Chinese-controlled video-sharing platform, by 75 days. Trump intends to pursue a resolution that protects national security while preserving the platform used by 170 million Americans. The order instructs the attorney general to refrain from enforcing a law that would have forced TikTok's parent company ByteDance to divest from the app or face a ban from US app stores. Trump cited the national security concerns posed by TikTok and the need to review sensitive intelligence related to these concerns. He also emphasized the importance of finding a resolution that protects national security without abruptly shutting down the platform.

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Rediff.com3 Feb 2025

The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.

Startups To Altman: Make OpenAI Affordable

Startups To Altman: Make OpenAI Affordable

Rediff.com6 Feb 2025

'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'

India opens biggest oil, gas block bid round; 25 blocks on offer

India opens biggest oil, gas block bid round; 25 blocks on offer

Rediff.com11 Feb 2025

India on Tuesday opened its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers mostly in offshore area, as the government looks to boost domestic production to cut imports and help energy security. Petroleum Minister Hardeep Singh Puri launched the 10th bid round under the Open Acreage Licensing Policy (OALP) at the India Energy Week (IEW) in Mumbai.

Bill in LS to check paper leak in govt exams proposes Rs 1 cr fine

Bill in LS to check paper leak in govt exams proposes Rs 1 cr fine

Rediff.com5 Feb 2024

At present, there is no specific substantive law to deal with unfair means adopted or offences committed by various entities involved in the conduct of public examinations by the central government and its agencies.

TikTok has interfered in polls, including India: US senators

TikTok has interfered in polls, including India: US senators

Rediff.com16 Jan 2025

US senators have alleged that TikTok, owned by the Chinese Communist Party, has interfered in elections of various countries, including India, and called for extending the deadline for a ban on the platform in the US. They applauded India's ban on the social media platform, citing concerns about Chinese propaganda and data harvesting. Lawmakers, including Democrats and Republicans, introduced legislation to delay the ban by 270 days, arguing it would allow for a more thorough review of the implications and potential alternatives to a ban. They also criticized the rushed nature of the ban and its potential impact on free speech and the livelihoods of American users.

A Labourer's Daughter Is World Champion

A Labourer's Daughter Is World Champion

Rediff.com1 Feb 2025

When Kasturi Rajamurty won a gold medal in powerlifting at the WPPL World Cup in Russia, she sure had come a long way. From a life of penury to constantly being short of funds to fuel her passion, she had finally triumphed, and how.

'Global barriers to trade are increasing'

'Global barriers to trade are increasing'

Rediff.com6 Feb 2025

'The steel industry expects the government to decide on safeguard measures from dumping post-Budget'

Finance Bill passed in LS with 64 amendments

Finance Bill passed in LS with 64 amendments

Rediff.com24 Mar 2023

Lok Sabha on Friday passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal. The Finance Bill that gives effect to tax proposals for fiscal year starting April 1 was passed without a discussion amidst ruckus by opposition members demanding a JPC (Joint Parliamentary Committee) probe into the allegations against the Adani group of companies. While moving the bill for passage and consideration, finance minister Nirmala Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employees.

Kirana vs Q-com on table

Kirana vs Q-com on table

Rediff.com5 Sep 2024

The government is set to examine concerns over quick commerce companies potentially undermining businesses of local kirana stores, particularly in the context of the draft Digital Competition Bill, according to official sources. The Ministry of Consumer Affairs recently raised the issue with the Ministry of Corporate Affairs during discussions around the proposed legislation. "We need to assess if and how the Bill can address these concerns and explore further steps to include provisions to keep a check," a senior official stated.

How Watching Movies Is Going To Change

How Watching Movies Is Going To Change

Rediff.com20 Dec 2024

FLEXI Show will give the audience the freedom to leave the movie hall at any point while paying only for the time they watched it.

Buying Ford JLR was Tata's way of 'paying back'

Buying Ford JLR was Tata's way of 'paying back'

Rediff.com10 Oct 2024

Tata Indica, the Tata Group's big passenger car bet, was not delivering expected returns a year into its launch. Desperate, the Tata Motors brass, led by Ratan Tata, acceded to a meeting request from Ford Motors for a possible sale of the passenger vehicles division to the American auto major. Some people had advised Tata to sell the business, and the Ford officials came to Bombay House to hold talks.

Amit Shah blames Nehru as Parliament okays two J-K bills

Amit Shah blames Nehru as Parliament okays two J-K bills

Rediff.com11 Dec 2023

Union Home Minister Amit Shah on Monday assured the country that the beginning of building a "new and developed Kashmir" that will be free from terrorism has been made under Prime Minister Narendra Modi and said that full statehood would be restored to Jammu and Kashmir at an appropriate time.

Why 38% of IIT Graduates Are Unemployed

Why 38% of IIT Graduates Are Unemployed

Rediff.com28 Nov 2024

Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.

Strong growth prospects, mixed valuations seen for Info Edge stock

Strong growth prospects, mixed valuations seen for Info Edge stock

Rediff.com21 Aug 2024

Info Edge (India), the country's leading consumer internet company known for its platforms in recruitment (naukri.com), real estate (99acres.com), matrimony (jeevansathi.com) and education (shiksha.com) space, delivered revenue growth in line with expectations in the April-June quarter (Q1) of FY25.