News for 'Economic Weekly'

Pak launches communication satellite, 2nd in a month, with China's help

Pak launches communication satellite, 2nd in a month, with China's help

Rediff.com31 May 2024

The multi-mission communication satellite, also known as PAKSAT MM1, was launched from the Xichang Satellite Launch Center in China's southwestern province of Sichuan, China's state-run Xinhua news agency reported.

Putin's North Korea Gamble

Putin's North Korea Gamble

Rediff.com26 Jun 2024

Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.

Markets rally make investors richer by Rs 10.58 lakh cr in three days

Markets rally make investors richer by Rs 10.58 lakh cr in three days

Rediff.com1 Apr 2024

Investors' wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday. Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 363.20 points or 0.49 per cent to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81 per cent to hit its record high of 74,254.62.

UP sub-station fire leaves Delhi 'powerless' for 1 hour, homes of LG, CM hit

UP sub-station fire leaves Delhi 'powerless' for 1 hour, homes of LG, CM hit

Rediff.com11 Jun 2024

Power distribution company officials said several areas, largely in central and east Delhi, were affected due to the failure. Some areas in north Delhi also faced outages.

Accelerated vaccination best bet for economic recovery

Accelerated vaccination best bet for economic recovery

Rediff.com2 Jul 2021

Only vaccinations can eliminate the threat of new waves, help raise sentiments and allow sellers and buyers to participate aggressively in the much awaited economic recovery, observes Mahesh Vyas.

Inflation data, global trends to guide markets this week

Inflation data, global trends to guide markets this week

Rediff.com12 Sep 2021

Inflation data and global trends would be the major driving factors for the equity markets this week which after a record-breaking run took a breather in recent trades, analysts said. The overall market sentiment remains positive, supported by improving economic data and earnings but higher valuations can trigger bouts of profit booking, they said further. During the last week, which the 30-share BSE benchmark rose by 175.12 points or 0.30 per cent.

Americans Must Depend On Hope And Prayer

Americans Must Depend On Hope And Prayer

Rediff.com13 Jul 2024

The two major parties offer the United States choices that are basically unacceptable and the bench strength, such as it is, is not entirely capable of winning popular acclaim, notes Shreekant Sambrani.

Beware! China, Pakistan's Bangladesh Games

Beware! China, Pakistan's Bangladesh Games

Rediff.com13 Aug 2024

Bangladesh is in turmoil, which is not good news for India, which shares a porous 4000 km border with it. There is a danger of fundamentalism growing there, and India has to move in to reset its ties with the new dispensation before China and Pakistan make capital out of it, alerts Ramesh Menon.

How markets will fare this week

How markets will fare this week

Rediff.com31 Oct 2021

The Fed interest rate decision, domestic macroeconomic data announcements and quarterly earnings will be the major sentiment drivers for the equity market in a holiday-shortened week ahead, analysts said. Investors will also take cues from the monthly auto sales numbers to be announced on Monday. Equity markets will remain closed on Thursday for Diwali Laxmi Pujan and on Friday for Diwali Balipratipada.

Another batch of Indian troops to depart Maldives this month: Muizzu

Another batch of Indian troops to depart Maldives this month: Muizzu

Rediff.com3 Apr 2024

Following a high-level meeting in New Delhi on February 2 between the two sides, India agreed to replace its military personnel operating the three aviation platforms in the Maldives by May 10. The first batch left the island nation well before March 10.

US-India 2+2 meet, maritime security dialogue to be held in Delhi next week

US-India 2+2 meet, maritime security dialogue to be held in Delhi next week

Rediff.com4 Sep 2022

The delegation visiting India during September 5-8 will be led by assistant secretary of state for South and Central Asian affairs Donald Lu.

IPO-bound startups find favour with investors amid funding resurgence

IPO-bound startups find favour with investors amid funding resurgence

Rediff.com26 Jun 2024

The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.

How GenZ, Millennials Can Co-Exist At Work

How GenZ, Millennials Can Co-Exist At Work

Rediff.com1 Aug 2024

Gen Z, don't shy away from expressing your ideas, and millennials, be receptive to new perspectives, suggests Sonica Aron, founder of the HR consultancy firm, Marching Sheep.

Global trends, FIIs to drive stock markets this week

Global trends, FIIs to drive stock markets this week

Rediff.com4 Sep 2022

In the absence of major domestic events, equity markets will be driven by global trends, foreign fund flows and movement in the Brent crude oil, analysts said. The major global events this week are the European Central Bank interest rate decision and China's inflation rate, they added. "Indian equity markets are outperforming most of their global peers and trying to show resilience despite weak global cues.

Bear attack makes investors poorer by Rs 31 lakh cr

Bear attack makes investors poorer by Rs 31 lakh cr

Rediff.com4 Jun 2024

Equity investors suffered a massive loss of Rs 31 lakh crore on Tuesday as markets went into a tailspin with the BSE Sensex tumbling nearly 6 per cent as vote counting trends showed the BJP may not have a clear majority in the Lok Sabha polls. Erasing the record-rally of the previous trade, the 30-share BSE Sensex cracked 4,389.73 points or 5.74 per cent to settle at 72,079.05. During the day, the benchmark tanked 6,234.35 points or 8.15 per cent to hit a nearly five-month low of 70,234.43.

First time in two decade, currency in circulation declines in Diwali week

First time in two decade, currency in circulation declines in Diwali week

Rediff.com3 Nov 2022

The currency in circulation (CIC) declined by Rs 7,600 crore in the Diwali week, making it the first such happening in two decades, a report said on Thursday. This was made possible courtesy of a greater reliance on digital payments by people, the report by economists at SBI said, adding that the Indian economy is undergoing a structural transformation at present. They clarified that the Diwali week in 2009 had also witnessed a marginal Rs 950 crore decline in currency in circulation, but that was purely due to the economic slowdown amid the global financial crisis.

NASA will soon train Indian astronauts for joint ISS mission: Garcetti

NASA will soon train Indian astronauts for joint ISS mission: Garcetti

Rediff.com25 May 2024

National Aeronautics and Space Administration will soon provide advanced training to Indian astronauts, with the goal of mounting a joint effort to the International Space Station, a top American diplomat said Friday.

3 major drivers for the markets this week

3 major drivers for the markets this week

Rediff.com11 Jul 2021

Quarterly earnings from IT majors Infosys and Wipro, macroeconomic data announcements and global cues would be the major drivers for the equity markets this week, said analysts. Leading IT companies Infosys and Wipro and other players such as Mindtree, Tata Elxsi and HDFC AMC would announce their financial results this week. Moreover, industrial production numbers, retail and wholesale inflation data would be released this week.

'You Can't Understand Human Beings...'

'You Can't Understand Human Beings...'

Rediff.com1 Jul 2024

'...without looking into yourself.' 'What matters most is human relationships and the human mind.'

NEET Case Kingpin's Political Ambitions

NEET Case Kingpin's Political Ambitions

Rediff.com2 Jul 2024

Sanjeev Kumar alias Sanjeev 'Mukhiya', an alleged kingpin behind the NEET paper leak, was not only minting money but wanted to become an MP or MLA.

NEET-UG Results: What The Future Holds For Aspiring Doctors

NEET-UG Results: What The Future Holds For Aspiring Doctors

Rediff.com28 Jun 2024

As the CBI continues to probe into the NEET-UG paper leak case, career experts help us understand what the future holds for undergraduate medical aspirants.

45 arrested for violent protests outside Lankan Prez house over economic crisis

45 arrested for violent protests outside Lankan Prez house over economic crisis

Rediff.com1 Apr 2022

"No petrol, no gas, no milk powder, no electricity", "Go home Gota", placard carrying protestors were then seen walking towards the Rajapaksa private residence in Colombo at Pangiriwatte Lane.

'Markets started building on NDA's win since Dec'

'Markets started building on NDA's win since Dec'

Rediff.com5 Apr 2024

'Rather than taking a very short-term view on the markets, equity investing should be premised on longer term growth opportunities.'

Emergency in Lanka, 2nd time in a month amid protests over economic crisis

Emergency in Lanka, 2nd time in a month amid protests over economic crisis

Rediff.com6 May 2022

Rajapaksa's decision was to ensure public security and maintain essential services so as to ensure a smooth functioning of the country, the presidential media division said.

RBI's balance sheet is 2.5X Pakistan's GDP

RBI's balance sheet is 2.5X Pakistan's GDP

Rediff.com30 May 2024

The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.

PE deal value in Indian real estate down 30% from 2019-20: Anarock

PE deal value in Indian real estate down 30% from 2019-20: Anarock

Rediff.com17 Apr 2024

The aggregate value of private equity (PE) deals in Indian real estate has declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) as compared to $5.1 billion in FY20, according to a report released on Monday.

Qatar Reprieve Highlights India Diplomacy

Qatar Reprieve Highlights India Diplomacy

Rediff.com26 Feb 2024

The incident remains a reminder of the inherent fragilities of all geopolitical relationships.

UCC Can Wait, Personal Law Reforms Can't

UCC Can Wait, Personal Law Reforms Can't

Rediff.com8 Aug 2024

Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.

Sensex sinks 353 points on profit booking

Sensex sinks 353 points on profit booking

Rediff.com26 Feb 2024

Selling in index heavyweights, including Infosys, TCS, ICICI Bank and Reliance Industries, dragged the benchmark indices into the negative for the second straight session, analysts said. Among the Sensex shares, Asian Paints fell the most by 3.9 per cent as analysts expressed concerns over rising competition in the domestic paints market following the entry of Aditya Birla group company Grasim Industries into the paints segment. IT shares Infosys, TCS, HCL Tech, Wipro and Tech Mahindra continued to slide amid inflation concerns in the US market.

Who Will Vote For Vijay, And Why?

Who Will Vote For Vijay, And Why?

Rediff.com14 Aug 2024

Where do Vijay and his TVK expect to get their votes from? Vijay has a huge fan following among women, but will they automatically become his voters like they had done for MGR's AIADMK, asks N Sathiya Moorthy.

Baltimore mishap: Indian crew onboard Dali 'healthy'

Baltimore mishap: Indian crew onboard Dali 'healthy'

Rediff.com1 Apr 2024

The Indian crew onboard a crippled container vessel that collided against a key bridge in Baltimore last week is healthy , according to a nonprofit organisation that has been in touch with the personnel.

NHRC notice to Bengal DGP over detention of scribe covering Sandeshkhali

NHRC notice to Bengal DGP over detention of scribe covering Sandeshkhali

Rediff.com20 Feb 2024

The National Human Rights Commission in a statement said the allegations raise a serious issue of violation of human rights and also restriction on the freedom of the press.

'Won't Allow Severe Cuts, It Will Destroy The Film'

'Won't Allow Severe Cuts, It Will Destroy The Film'

Rediff.com28 May 2024

'The chances of The Shameless passing through the censorship board in India are slim to none.'

Factors that will dictate stocks markets this week

Factors that will dictate stocks markets this week

Rediff.com1 May 2022

The US Fed interest rate decision, domestic macroeconomic data announcements and ongoing quarterly earnings are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Besides, monthly auto sales numbers and the LIC IPO will also remain in focus, they added. Equity markets will remain closed on Tuesday for Id-Ul-Fitr (Ramzan Id). "The market is likely to kick off this week on a sombre note after a sharp fall in the US market then the focus will shift to the outcome of the US FOMC meeting, which is crucial amid record inflation and growth worries.

Election May Spike Sales Surge

Election May Spike Sales Surge

Rediff.com30 Mar 2024

'During the scorching summer months of election season, largescale outdoor gatherings create a prime opportunity for increased consumption in the packaged drinking water category.'

Sensex, Nifty close higher in volatile trade

Sensex, Nifty close higher in volatile trade

Rediff.com29 Feb 2024

Reliance Industries closed more than half a per cent higher after the company announced a proposed merger of media and entertainment assets of Viacom18 with Star India. Hindustan Unilever, Bharti Airtel, Tata Motors, ITC, Tech Mahindra and Axis Bank were among the laggards.

IndiGo profit doubles to Rs 1,895 cr in Q4

IndiGo profit doubles to Rs 1,895 cr in Q4

Rediff.com23 May 2024

The country's largest airline IndiGo on Thursday reported more than doubling of its net profit to Rs 1,894.8 crore in the three months ended March 2024 and announced the introduction of business class in select routes this year. The strong performance in the latest March quarter, which also marks six consecutive quarters of profitability, was fuelled by higher traffic, increased capacity and a favourable external environment.

'We Know The Power Of Cricket'

'We Know The Power Of Cricket'

Rediff.com15 Jul 2024

'Cricket as a pathway in the US was not something people thought about 10 years ago, even like five years ago.' 'But now that there is a pathway you can see.'

Global trends to guide markets in holiday-shortened week: Analysts

Global trends to guide markets in holiday-shortened week: Analysts

Rediff.com5 Sep 2021

The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said. The trading sentiment will be guided mostly by global trends in absence of major domestic events, they said. Markets would remain closed on Friday for 'Ganesh Chaturthi'.

Maldives deports 43 Indians for 'committing crimes'

Maldives deports 43 Indians for 'committing crimes'

Rediff.com14 Feb 2024

The Maldives has deported 186 foreigners, including 43 Indians, after accusing them of committing crimes like visa violations and drug offences, according to a media report.