News for 'Doing Business'

Pilot crashed plane into Beijing skyscraper for 'personal reasons'

Pilot crashed plane into Beijing skyscraper for 'personal reasons'

Rediff.com2 Jul 2026

Investigators have revealed that the pilot of a small plane that crashed into Beijing's tallest skyscraper, the CITIC Tower, suffered from long-term anxiety and had expressed suicidal thoughts in his diaries. The incident, which killed the pilot and injured 13 others, has raised significant security concerns in the highly sensitive Chinese capital, especially given strict airspace regulations.

Pilot In Beijing Skyscraper Crash Suffered From Anxiety, Investigators Reveal

Pilot In Beijing Skyscraper Crash Suffered From Anxiety, Investigators Reveal

Rediff.com2 Jul 2026

Investigators have revealed that the pilot of a small plane that crashed into Beijing's tallest skyscraper, the CITIC Tower, suffered from long-term anxiety and had expressed suicidal thoughts in his diaries. The incident, which killed the pilot and injured 13 others, has raised significant security concerns in the highly sensitive Chinese capital, especially given strict airspace regulations.

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Rediff.com11 Jul 2026

Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.

OYO parent Prism files updated IPO papers for Rs 6,650-cr fresh issue; no OFS

OYO parent Prism files updated IPO papers for Rs 6,650-cr fresh issue; no OFS

Rediff.com30 Jun 2026

Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.

Amazon Boosts India Investment To USD 48 Billion, Focus On AI And Cloud

Amazon Boosts India Investment To USD 48 Billion, Focus On AI And Cloud

Rediff.com25 Jun 2026

Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.

India must shed 'underachievers' tag in foreign T20 conditions, says assistant coach

India must shed 'underachievers' tag in foreign T20 conditions, says assistant coach

Rediff.com10 Jul 2026

India's assistant coach Ryan ten Doeschate has challenged the T20 team to shed its 'underachievers' tag in foreign conditions, emphasising the need for quicker adaptation to varied playing environments after recent series losses.

Property Sales Fall, Discounts In Focus

Property Sales Fall, Discounts In Focus

Rediff.com13 Jul 2026

Avoid builders with very large commitments.

Meta launches Muse Image AI: Why you should be worried

Meta launches Muse Image AI: Why you should be worried

Rediff.com9 Jul 2026

Meta's new Muse Image AI generator, which can create AI images from public Instagram accounts without explicit consent, has sparked significant privacy concerns and criticism over its 'opt-in-by-default' approach, raising fears of deepfakes and online impersonation.

The Odyssey: An Evening With Christopher Nolan, Matt Damon Tom Holland

The Odyssey: An Evening With Christopher Nolan, Matt Damon Tom Holland

Rediff.com14 Jul 2026

The Odyssey has begun its journey, and Mumbai was fortunate to be to be among its earliest chapters, Mayur Sanap documents the film's premiere in the city.

ONGC to build 1.75 mt strategic oil reserve in Mangaluru, boosting India's energy security

ONGC to build 1.75 mt strategic oil reserve in Mangaluru, boosting India's energy security

Rediff.com11 Jul 2026

State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Rediff.com13 Jul 2026

Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.

Reliance succession 'almost complete' as children take charge: Mukesh Ambani

Reliance succession 'almost complete' as children take charge: Mukesh Ambani

Rediff.com19 Jun 2026

Billionaire Mukesh Ambani announced that the transfer of day-to-day management responsibilities at Reliance Industries to his children, Akash, Isha, and Anant, is "almost complete," marking the final stages of a significant succession process for India's most valuable company.

Jude Bellingham's Heroics Drive England Past Norway into World Cup Semi-Finals

Jude Bellingham's Heroics Drive England Past Norway into World Cup Semi-Finals

Rediff.com12 Jul 2026

Jude Bellingham delivered an authoritative and relentless performance, scoring two crucial goals to lead England to a 2-1 extra-time victory over Norway in their World Cup quarter-final, securing their place in the semi-finals.

Odisha Textbooks Found With 1,678 Errors

Odisha Textbooks Found With 1,678 Errors

Rediff.com16 Jul 2026

How did hundreds of errors slip through multiple stages of drafting, editing, proofreading, expert review and final approval before making their way into classrooms?

'Investors Should Prepare For Frequent Market Swings'

'Investors Should Prepare For Frequent Market Swings'

Rediff.com13 Jul 2026

'Rather than deploying all their money at once, investors should invest gradually.' 'A staggered approach is the better strategy because volatility is likely to persist.'

Why FPI Selling Hasn't Hurt Markets

Why FPI Selling Hasn't Hurt Markets

Rediff.com13 Jul 2026

Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.

World Bank: Remove AI Barriers to Boost Business and Jobs

World Bank: Remove AI Barriers to Boost Business and Jobs

Rediff.com9 Apr 2026

World Bank South Asia Chief Economist Franziska Ohnsorge advocates for the removal of obstacles hindering the adoption of artificial intelligence to foster business growth and job creation, particularly in South Asia.

Google challenges Delhi HC ruling on keyword bidding

Google challenges Delhi HC ruling on keyword bidding

Rediff.com10 Jul 2026

Google has challenged a Delhi High Court single-judge bench ruling that held it liable for trademark infringement by allowing competitors to bid on and use the 'Hindware' trademark as keywords in its Google Ads programme. Google argues that keyword bidding promotes competition and is a globally accepted norm, citing previous rulings that allowed the practice. The tech giant contends that the Trade Marks Act does not distinguish between coined and generic words for such infringements.

Thousands stranded as Mumbai-Goa highway flooded due to heavy rains

Thousands stranded as Mumbai-Goa highway flooded due to heavy rains

Rediff.com6 Jul 2026

Heavy rainfall in Maharashtra's Raigad district caused severe waterlogging on the Mumbai-Goa highway, leading to traffic standstills, diversions, and thousands of commuters being stranded. A 'red' alert has been issued for the district, and inadequate drainage infrastructure is being blamed for the recurring flooding.

Subrata Paul Highlights Goalkeepers' Pivotal Role In World Cup Success

Subrata Paul Highlights Goalkeepers' Pivotal Role In World Cup Success

Rediff.com11 Jul 2026

Former India captain Subrata Paul asserts that goalkeepers were instrumental in the success of teams at the recent FIFA World Cup, often outshining attacking players. He highlights specific goalkeepers like Vozinha, Unai Simon, Emiliano Martinez, and Thibaut Courtois for their exceptional performances and discusses the evolving role of modern goalkeepers in tactical play.

Haaland plays the underdog card against England ahead of FIFA World Cup quarter-final clash

Haaland plays the underdog card against England ahead of FIFA World Cup quarter-final clash

Rediff.com10 Jul 2026

Norway's star striker Erling Haaland is attempting to pile pressure on England ahead of their World Cup quarter-final clash, labelling them 'clear favourites' and urging the media to amplify expectations on the English squad.

Global Streaming Transforms Music But...

Global Streaming Transforms Music But...

Rediff.com27 Jun 2026

Streaming has globalised the entertainment industry, enabling artists like Diljit Dosanjh and Arijit Singh to reach diverse international audiences.

Centre Tightens Rules on Alcohol-Based Medicines

Centre Tightens Rules on Alcohol-Based Medicines

Rediff.com11 Jul 2026

The move follows reports from several state drug-regulatory authorities indicating misuse and hoarding oral formulations with high ethyl-alcohol concentration, which people use as a substitute for liquor.

Why Smallcaps Are Winning The Market Battle

Why Smallcaps Are Winning The Market Battle

Rediff.com26 Jun 2026

The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.

People who came to India post-Partition were...: RSS chief

People who came to India post-Partition were...: RSS chief

Rediff.com2 Jul 2026

The RSS leader said post-Partition, people consciously decided to come to India from the other side, because they wanted to live in the land which is Bharat, where they can follow their religion without fear.

Amazon CEO Andy Jassy unveils massive India qcomm expansion plan

Amazon CEO Andy Jassy unveils massive India qcomm expansion plan

Rediff.com24 Jun 2026

Amazon CEO Andy Jassy has announced a significant expansion of the company's quick commerce business, Amazon Now, to over 300 Indian cities, aiming to build the country's largest delivery-in-minutes network. This move follows a recent USD 35 billion investment commitment by Amazon in India.

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Rediff.com10 Jul 2026

Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.

'India call-up fulfilment of his dream': Yash Thakur's emotional tribute to late father

'India call-up fulfilment of his dream': Yash Thakur's emotional tribute to late father

Rediff.com7 Jul 2026

Vidarbha pacer Yash Thakur, 27, has received his maiden India call-up for the upcoming T20 International tour of Zimbabwe, a dream he shared with his late father.

'Is It A Demographic Curse?'

'Is It A Demographic Curse?'

Rediff.com8 Jul 2026

'The main problem the country faces is not low GDP growth, but low employment growth.'

Rats, cockroaches found in 6 Mumbai restaurants, FDA suspends licences

Rats, cockroaches found in 6 Mumbai restaurants, FDA suspends licences

Rediff.com30 Jun 2026

The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of six restaurants and eateries in Mumbai, including a posh establishment in Nariman Point. The action followed raids that uncovered unhygienic kitchens, expired stock, misbranded products, and pest infestations. The FDA also seized banned food items and made arrests during a wider statewide enforcement drive, vowing continued strict action.

West Asia conflict weighs heavily on India's startup funding, causing a 43% drop

West Asia conflict weighs heavily on India's startup funding, causing a 43% drop

Rediff.com30 Jun 2026

Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.

Sonam Kapoor's Super Cute Life Lately

Sonam Kapoor's Super Cute Life Lately

Rediff.com29 Jun 2026

Sonam Kapoor ends her birthday month with a beautiful series of pictures of her 'life lately'.

How Embraer's New Jet Certifications Will Reshape Indian Regional Aviation

How Embraer's New Jet Certifications Will Reshape Indian Regional Aviation

Rediff.com7 Jul 2026

Brazilian aerospace company Embraer has secured type certification from India's aviation regulator, DGCA, for three of its commercial jets (E195-E2, E190, and E195). This approval, alongside an existing certification for its E175 jet, paves the way for Embraer to expand its presence in India's regional aviation market, supported by a strategic MoU with Adani Defence & Aerospace for a Final Assembly Line in Dholera, Gujarat.

CEA Calls For Industry Investment In Skilling, Innovation For GCCs

CEA Calls For Industry Investment In Skilling, Innovation For GCCs

Rediff.com9 Jul 2026

Chief Economic Adviser V Anantha Nageswaran has urged the industry to invest in skilling, capability development, and innovation to counter the challenges posed by artificial intelligence, particularly for Global Capability Centres (GCCs). He noted that while the government has supported GCCs through Budget measures like simplifying transfer pricing and promoting expansion into tier-II/III cities, industry must move beyond low-cost execution to thrive in an an AI-driven landscape. Nageswaran emphasised that AI displaces routine tasks, necessitating a focus on higher-value work and continuous skill enhancement to maintain India's competitive edge.

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

Rediff.com8 Jul 2026

The Enforcement Directorate conducted searches in Kolkata as part of an investigation into alleged fund routing from TMC's bank accounts for purchasing an Embraer jet and an AgustaWestland helicopter. The probe suggests Rs 160 crore was transferred to Carewell Aviation, with Rs 112 crore used for aircraft. The ED suspects the arrangement was designed to camouflage the true purpose of transactions. This comes amidst frozen TMC bank accounts and ongoing internal party disputes.

Mohan Yadav's Family Land Deals Raise Conflict Of Interest Questions

Mohan Yadav's Family Land Deals Raise Conflict Of Interest Questions

Rediff.com23 Jun 2026

Madhya Pradesh Chief Minister Mohan Yadav's family is under scrutiny after an Indian Express newspaper report revealed their extensive land purchases in Ujjain, particularly in areas benefiting from state infrastructure projects, raising questions of propriety and conflict of interest.

International gains revive appetite for global MFs

International gains revive appetite for global MFs

Rediff.com8 Jul 2026

International mutual fund schemes have seen a significant resurgence in investor interest, attracting approximately Rs 7,600 crore in net inflows over the past year, a stark reversal from previous outflows, driven by their strong outperformance against domestic markets and limited AI-linked investment opportunities in India.

WhatsApp submits reply to govt on 'username' notice

WhatsApp submits reply to govt on 'username' notice

Rediff.com10 Jul 2026

Meta-owned WhatsApp has submitted its reply to the government's notice on the "username" feature and the response is being examined, sources said on Thursday.

'I've Seen Aamir Cry'

'I've Seen Aamir Cry'

Rediff.com15 Jul 2026

'Relationships are never as simple as outsiders imagine, and it's unfair to assume only one person is responsible when a marriage ends.'

Maha makes free drinking water mandatory for customers at eateries

Maha makes free drinking water mandatory for customers at eateries

Rediff.com25 Jun 2026

The Maharashtra Food and Drug Administration has issued a comprehensive order mandating free drinking water for customers in all food establishments, banning food served in newspapers, and introducing rigorous operational standards. These new regulations aim to improve food safety, hygiene, and transparency across hotels, restaurants, and other food service providers in the state.