News for 'Corp'

Pak arrests Chinese national on blasphemy charges, airlifted to Abbottabad

Pak arrests Chinese national on blasphemy charges, airlifted to Abbottabad

Rediff.com17 Apr 2023

The SHO said that Section 7 of the Anti-Terrorism Act had been included in the FIR, adding that the Chinese national would be presented before a court in Abbottabad.

IndianOil top bidder for Reliance's KG gas for 2nd auction in a row

IndianOil top bidder for Reliance's KG gas for 2nd auction in a row

Rediff.com11 Jun 2023

Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said. The oil refining and marketing company, which was the top bidder even in the previous auction of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes on behalf of seven fertilizer plants.

10% reservation for ex-Agniveers in CISF

10% reservation for ex-Agniveers in CISF

Rediff.com17 Mar 2023

Those who join the armed forces even at the upper age limit of 21 years under the Agnipath scheme can be recruited by the CISF till the age of 30 after four years of service in the Army, the Air Force or the Navy in the case of the first batch and till 28 years for the subsequent batches.

Hinduja group chairman Srichand Parmanand Hinduja dies in London at 87

Hinduja group chairman Srichand Parmanand Hinduja dies in London at 87

Rediff.com17 May 2023

His business successes which started with the international distribution rights for the Bollywood blockbuster movie 'Sangam' in 1964 made him one of the richest in Britain but it was the Bofors scam that made Srichand Parmanand Hinduja famous, or rather infamous, back home. SP Hinduja, as he was known, died in London on Wednesday after a prolonged illness. He was 87, a family spokesperson said. Born in a business family in Karachi, British India, he and his two younger brothers were accused of receiving payments totalling Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract.

India Inc's capex wheel likely to turn soon

India Inc's capex wheel likely to turn soon

Rediff.com17 May 2023

India Inc could be embarking upon a new phase of capital expenditure (capex) cycle, observed analysts, and suggest its revival would lead to a rerating of industrial stocks. Assisted by a property upcycle, analysts at Jefferies said several government initiatives were likely to drive capex. Indicators, they said, include a private project announcement at Rs 25 trillion for 2022-23 (up 150 per cent from pre-pandemic levels) and credit growth at about 16 per cent, which is closer to pre-pandemic highs.

Automobile retail sales up 14% in March; post 21% YoY growth in FY23

Automobile retail sales up 14% in March; post 21% YoY growth in FY23

Rediff.com12 Apr 2023

Automotive retail sales saw a 14 per cent rise in March on a year-on-year (YoY) basis, according to data released by the Federation of Automobile Dealers Associations (FADA). For the whole of financial year 2022-23 (FY23), sales grew 21 per cent YoY. For both March and the financial year, all categories, except for tractors, and including two-wheelers, three-wheelers, passenger vehicles (PVs), and commercial vehicles (CVs), posted double-digit growth. However, the total retail sales of 22.1 million for the financial year were still 12 per cent lower than the pre-Covid (FY20) level of 25 million, owing to an 18 per cent dip in the two-wheeler segment.

Pak HC upholds Imran Khan's arrest, says all legal formalities fulfilled

Pak HC upholds Imran Khan's arrest, says all legal formalities fulfilled

Rediff.com10 May 2023

The court issued its reserved ruling, upsetting the Pakistan Tehreek-e-Insaf (PTI), which claimed the arrest was illegal and that the IHC would rule in favour of party chief Imran Khan.

Why infiltration bids have reduced in JK: Army officer explains

Why infiltration bids have reduced in JK: Army officer explains

Rediff.com28 Sep 2022

"There are floods. Large number of leaders try to portray militant groups in a good way. A number of militant groups have sent their elements to Balochistan and Sindh for helping people affected by floods," Lt Gen Singh said.

China, Not Pakistan, Is India's Enemy No 1

China, Not Pakistan, Is India's Enemy No 1

Rediff.com16 Jan 2023

16 Indian Army divisions face China, 20 face Pakistan and two divisions are reserves. This powerful signal can hardly be missed in China or Pakistan, notes Ajai Shukla.

HDFC's exit to ease fund-raising conditions for high-rated finance firms

HDFC's exit to ease fund-raising conditions for high-rated finance firms

Rediff.com27 Mar 2023

Highly-rated finance firms and housing finance companies are expected to benefit from the absence of Housing Development Finance Corp (HDFC) from the bond market once it merges with the HDFC Bank in early FY24. Post merger, the bond market is expected to become less crowded, which will ease fund raising conditions for other players in the field. It may perhaps also compress the spread for debt instruments floated by housing finance companies (HFCs) over 10-year government bonds, subject to demand and supply conditions.

The Army Doctor Who Won Hearts In Turkey

The Army Doctor Who Won Hearts In Turkey

Rediff.com8 Mar 2023

Major Beena Tiwari was the only woman in the 99-member medical team at the Indian Army's field hospital in earthquake-hit Turkey.

India, China begin disengagement in Gogra-Hotsprings PP-15 in Ladakh

India, China begin disengagement in Gogra-Hotsprings PP-15 in Ladakh

Rediff.com8 Sep 2022

The development comes after after reaching a consensus in the 16th round of military talks, the two sides said in a joint statement this evening.

You were not even born when...: Imran slams Pak army officer

You were not even born when...: Imran slams Pak army officer

Rediff.com14 May 2023

Khan took strong exception to the Inter-Services Public Relations (ISPR) allegations against him and said the spokesperson of the army's military wing was not even born when he represented Pakistan in the world.

Why the ISI chief was changed

Why the ISI chief was changed

Rediff.com8 Oct 2021

Lieutenant General Faiz Hameed, who has been replaced as ISI chief, will remain in the forefront of Pakistani initiatives in Afghanistan as also in the peace talks with the Tehrik e Taliban, Pakistan. He will also get a year plus to serve in a corps command, remaining in the race for selection as the next army chief when General Bajwa retires in November 2022, explains Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing.

JK: 3 soldiers die after falling into gorge along LoC

JK: 3 soldiers die after falling into gorge along LoC

Rediff.com11 Jan 2023

An Army official said the JCO and two other rank soldiers were on a routine patrol in Macchil sector when the trio slipped into the gorge on Tuesday.

'Adani Group is a man-made disaster in the making'

'Adani Group is a man-made disaster in the making'

Rediff.com27 Jan 2023

In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.

49 firms including RIL, Adani & Jindal Power keen to buy Future Retail

49 firms including RIL, Adani & Jindal Power keen to buy Future Retail

Rediff.com10 Apr 2023

As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II".

'Housing sector seeing biggest boom in last 15 years'

'Housing sector seeing biggest boom in last 15 years'

Rediff.com21 Mar 2023

India's housing sector is witnessing probably the "biggest boom" in the last one and half decade driven by various factors such as affordability and customers aspiration to own homes, HDFC Capital Advisors Managing Director and CEO Vipul Roongta said on Tuesday. Addressing a real estate summit organised by FICCI, he noted that the residential real estate segment has revived strongly after going through a lot of pain due to new realty law RERA and demonetisation. "In the last one and half decade, I think this is probably the biggest boom I am personally seeing as an organisation on the residential segment, whether it is affordable mid-income and premium housing properties," said Roongta, who is also co-chairman, FICCI Real Estate Committee.

As demand for EV batteries picks up, makers eye lithium reserves

As demand for EV batteries picks up, makers eye lithium reserves

Rediff.com3 Jul 2023

The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.

India-China border 'generally' stable: Chinese FM to Jaishankar

India-China border 'generally' stable: Chinese FM to Jaishankar

Rediff.com5 May 2023

Chinese Foreign Minister Qin Gang reiterated that the situation at the India-China border is generally stable and both sides should consolidate the present achievements and strictly abide by the relevant agreements while pushing for further cooling and easing of the conditions for sustainable peace and tranquillity at the frontier.

Explained: What happens on US state visit

Explained: What happens on US state visit

Rediff.com10 Jun 2023

Prime Minister Modi is visiting the US from June 21-24 at the invitation of US President Biden and First Lady Jill Biden.

Shah was fully conversant with agenda on Art 370 abrogation: Ex-Lt Gen's book

Shah was fully conversant with agenda on Art 370 abrogation: Ex-Lt Gen's book

Rediff.com12 Feb 2023

Amit Shah's visit on June 26, 2019, was already touted to be a precursor for a dramatic announcement and "I got a call at 2 am in the morning, informing me of a meeting with the home minister at 7 am", Dhillon said in his book.

14-day custody for Chinese national facing blasphemy charge in Pakistan

14-day custody for Chinese national facing blasphemy charge in Pakistan

Rediff.com18 Apr 2023

A Pakistani anti-terrorism court has sent a Chinese national to jail on 14-day judicial remand on blasphemy charges in the restive Khyber Pakhtunkhwa province after he was arrested on Monday, according to media reports on Tuesday.

General Rawat: Simple Man With No Ego

General Rawat: Simple Man With No Ego

Rediff.com16 Mar 2023

'He was a sentimental man, but his commitment to the Olive Green always came before anything else, including his family.' A fascinating excerpt from Rachna Bisht Rawat's Bipin: The Man Behind The Uniform.

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Rediff.com25 Nov 2022

Pakistan Prime Minister Shehbaz Sharif on Thursday chose Lt Gen Asim Munir as the new Army chief to replace incumbent General Qamar Javed Bajwa.

75 Years On, Army Celebrates Shaurya Diwas

75 Years On, Army Celebrates Shaurya Diwas

Rediff.com27 Oct 2022

On Thursday, October 27, 2022, the Indian Army hosted Shaurya Diwas at the old airfield in Srinagar (Budgam airfield) to mark the 75th anniversary of the arrival of the 1 Sikh Regiment in 1947 to protect Jammu and Kashmir from Pakistani raiders.

China names bridges, villages after slain Galwan soldiers

China names bridges, villages after slain Galwan soldiers

Rediff.com4 Nov 2022

The naming of the places in memory of the soldiers comes days after Chinese military commander Qi Fabao, who was injured in the Galwan Valley clash with Indian troops in June, 2020, attended the ruling Communist Party of China's (CPC) Congress as a delegate.

Two-wheel rides saddle up: Growth recovery, valuations to kick-start gains

Two-wheel rides saddle up: Growth recovery, valuations to kick-start gains

Rediff.com24 Apr 2023

After lagging behind other segments in the automotive (auto) space over the past few years, two-wheelers are expected to reverse their volume underperformance. After witnessing a 36.3 per cent volume decline over the 2018-19 (FY19) through 2021-22 (FY22) periods, the sector staged a recovery in 2022-23 (FY23), with volumes rising 17 per cent. While volumes are still a quarter lower than the FY19 peak of 21 million units, a double-digit growth trajectory is expected to prolong.

Indian Army's Achilles Heel: Artillery Power

Indian Army's Achilles Heel: Artillery Power

Rediff.com10 Jun 2022

The army has long been deficient in artillery, the modern battlefield's most lethal killer, says Ajai Shukla.

Taj: Divided By Blood: History In A Mess

Taj: Divided By Blood: History In A Mess

Rediff.com3 Mar 2023

This Web series is more about wine, opium, sex, more sex, gay love and incest, rues Syed Firdaus Ashraf.

Street cheers auto volume data amid interest rate, chip crunch concerns

Street cheers auto volume data amid interest rate, chip crunch concerns

Rediff.com11 Apr 2023

The automobile sector is considered a good indicator of economic health. It has a very long value chain, from primary materials, like metals, glass and plastic, to value-added high-end electronic components, specialised alloys, and software.

No fresh infrastructure by China in Doklam area: Army commander

No fresh infrastructure by China in Doklam area: Army commander

Rediff.com16 Dec 2022

His statement came in the backdrop of media reports of construction of a ropeway at Torsa Nala near Doklam by the Chinese People's Liberation Army.

Yeh Hai India: A General Consoles Victims Of Terror

Yeh Hai India: A General Consoles Victims Of Terror

Rediff.com31 Mar 2022

Chinar Corps Commander Lieutenant General Devendra Pratap Pandey visits the home of Special Police Officer Ishfaq Ahmad and his brother Umar Jan whom terrorists murdered in Budgam on Saturday, March 26, 2022.

Delhi Metro Rail Corp takes charge of Airport Express line

Delhi Metro Rail Corp takes charge of Airport Express line

Rediff.com2 Jul 2013

On day one of its stand-alone operation of the airport line, Delhi Metro Rail Corp on Monday assured commuters of an uninterrupted service by taking journalists on a ride.

After 20 years, privatisation programme in India off to 'Maharaja' start

After 20 years, privatisation programme in India off to 'Maharaja' start

Rediff.com27 Jan 2022

After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.

Suspect in Rushdie's stabbing sympathetic to Shia extremism: Report

Suspect in Rushdie's stabbing sympathetic to Shia extremism: Report

Rediff.com13 Aug 2022

Authorities were still looking into Matar's nationality and his criminal records, if any.

'Prolonged ethnic conflict in Manipur can lead to a dangerous situation'

'Prolonged ethnic conflict in Manipur can lead to a dangerous situation'

Rediff.com31 May 2023

'The unfolding events indicate a dangerous internal security situation in Manipur and the region. It can have external ramifications also.'

Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year

Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year

Rediff.com30 Mar 2023

Honda Motorcycle and Scooter India (HMSI), India's second-largest two-wheeler maker, on Wednesday revealed its electric vehicle (EV) roadmap, which includes setting up a dedicated EV factory, launching the first two EVs in 2023-24, and establishing 6,000 battery exchange points in the country. HMSI plans to establish a specialised unit for the manufacturing of electric vehicles (EVs), named 'Factory E', at its Narsapura plant located in Karnataka. Factory E will be created by converting an existing production line that currently manufactures internal combustion engine (ICE) vehicles, said Atsushi Ogata, HMSI managing director and chief executive officer.

2023 Will Test Our Patience With China

2023 Will Test Our Patience With China

Rediff.com9 Jan 2023

The answer to Chinese tactics of nibbling territory is not defence of every inch -- a military impossibility -- but instead, nibbling at Chinese territory wherever we are in a stronger position, counsels Colonel Anil A Athale (retd).

India's ties with China 'abnormal' due to...: Jaishankar

India's ties with China 'abnormal' due to...: Jaishankar

Rediff.com29 Apr 2023

Jaishankar, who arrived in Santo Domingo on his first official visit to the Dominican Republic, also said that India has seen a dramatic expansion in connectivity, contacts, and cooperation across the region.