News for 'Financial Highlights'

How US tariffs impact Indian IT services cos in near term

How US tariffs impact Indian IT services cos in near term

Rediff.com3 Apr 2025

Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.

India's dominance hurts Test cricket: Chappell

India's dominance hurts Test cricket: Chappell

Rediff.com26 Jan 2025

Former Australia captain Ian Chappell has criticized the ICC, calling it an "event management company" and stating that financially stronger boards are dictating a self-serving schedule that harms Test cricket.

US WHO Exit Won't Impact India: Experts

US WHO Exit Won't Impact India: Experts

Rediff.com22 Jan 2025

'Both international cooperation and self-reliance will now acquire new purpose.'

India maintains high import duty on American goods: US report

India maintains high import duty on American goods: US report

Rediff.com1 Apr 2025

India maintains "high" import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariif barriers, a US report has said. A day before announcing reciprocal tariffs, the US Trade Representative (USTR) released the 2025 National Trade Estimate (NTE) Report on March 31.

Brokerages upbeat on TCS after Q3 miss

Brokerages upbeat on TCS after Q3 miss

Rediff.com12 Jan 2025

Most global as well as domestic brokerages are upbeat on India's largest IT services provider, Tata Consultancy Services (TCS), despite its performance during the December quarter of FY25, when it missed Street estimates. On the bourses, the TCS share price rallied as much as 6.44 per cent to hit an intraday high of Rs 4,296.80 apiece, before settling 5.67 per cent higher at Rs 4,265.55.

Shoe pinches for most large footwear companies

Shoe pinches for most large footwear companies

Rediff.com11 Mar 2025

Footwear companies were among the weakest performers in the consumer discretionary sector during the October-December quarter (Q3) of 2024-25. The combined revenue growth of the top four listed firms was just 2.9 per cent year-on-year (Y-o-Y) - the lowest among major discretionary categories.

Exiting Markets Now Could Cost You

Exiting Markets Now Could Cost You

Rediff.com21 Apr 2025

Investors should avoid making drastic changes to their asset allocation during a market correction.

HC upholds death for 5 Indian Mujahideen men in Hyderabad blast case

HC upholds death for 5 Indian Mujahideen men in Hyderabad blast case

Rediff.com9 Apr 2025

The Telangana High Court upheld a trial court's verdict handing out death penalty to five senior operatives of banned terror outfit, Indian Mujahideen, involved in a bomb blast that left 18 people killed in 2013. The court dismissed the criminal revision appeal filed by the IM operatives while upholding the NIA court's judgment. The five members, including IM co-founder Mohd Ahmed Sidibapa alias Yasin Bhatkal, Pakistani national Zia-ur-Rahman alias Waqas, Asadullah Akhtar alias Haddi, Tahaseen Akhtar alias Monu and Ajaz Shaikh, were convicted in 2016. The special court for NIA cases here awarded capital punishment to five convicts treating it as a rarest of the rare case. The high court, after conducting a detailed hearing in the appeals filed by the convicts, confirmed the death sentence of the five IM operatives.

India, Sri Lanka to ink major defence pact 40 yrs after IPKF intervention

India, Sri Lanka to ink major defence pact 40 yrs after IPKF intervention

Rediff.com29 Mar 2025

The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5, people familiar with the matter said.

Before Buying Home, Consider This...

Before Buying Home, Consider This...

Rediff.com26 Dec 2024

'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'

IndiGo Q3 profit falls 18% to Rs 2,449 cr on forex loss

IndiGo Q3 profit falls 18% to Rs 2,449 cr on forex loss

Rediff.com24 Jan 2025

The country's largest airline IndiGo on Friday saw its profit after tax slide 18.3 per cent to Rs 2,448.8 crore in the three months ended December 2024 due to foreign exchange loss even as revenue jumped on higher capacity and passenger traffic. The carrier, which had a fleet of 437 planes at the end of December, is planning to induct wet leased planes for long range flights and expects the number of grounded aircraft to come down to 40s by the start of next financial year from the current level of 60s.

What Gifts Did Naidu Bring Nirmalaji?

What Gifts Did Naidu Bring Nirmalaji?

Rediff.com6 Mar 2025

Andhra Pradesh Chief Minister Chandrababu Naidu showered gifts on Finance Minister Nirmala Sitharaman when he met her in New Delhi on Wednesday, March 5, 2025.

Will BJP give in to these demands of Bihar allies JD-U, LJP?

Will BJP give in to these demands of Bihar allies JD-U, LJP?

Rediff.com30 Jan 2025

The Janata Dal (United), an ally of the ruling Bharatiya Janata Party (BJP), has sought an extension in the tenure of the Joint Parliamentary Committee (JPC) scrutinising the bills proposing simultaneous elections. The party argued that the committee, which has only met once, requires more time for extensive consultations. Meanwhile, the Lok Janshakti Party (Ram Vilas), another BJP ally, has demanded a "special industrial package" for Bihar, highlighting the state's low per capita income compared to the national average.

India Inc earns fat profits but wages have not kept pace

India Inc earns fat profits but wages have not kept pace

Rediff.com1 Feb 2025

Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.

Meet the boatman who made Rs 30 crore during Kumbh

Meet the boatman who made Rs 30 crore during Kumbh

Rediff.com5 Mar 2025

Inspired by the earnings of boat operators during the 2019 Ardh Kumbh, a boatman's family in Uttar Pradesh's Prayagraj took a bold entrepreneurial step during the recently concluded Mahakumbh Mela 2025, generating a staggering profit of Rs 30 crore.

No safety net: Kashyap echoes Gopichand's warning

No safety net: Kashyap echoes Gopichand's warning

Rediff.com22 Feb 2025

Former Commonwealth Games champion Parupalli Kashyap has strongly supported Pullela Gopichand's recent comments about the challenges faced by middle-class families pursuing sports careers.

Mid & Smallcap SIPs: Hold Or Exit?

Mid & Smallcap SIPs: Hold Or Exit?

Rediff.com27 Feb 2025

Younger investors with long investment horizons may continue their SIPs.

Short-Duration Funds: Should You Invest?

Short-Duration Funds: Should You Invest?

Rediff.com31 Jan 2025

'They are ideal for short-term financial goals like children's education or a down payment for a house.' 'They are also useful for transitional savings, such as during job switches or while starting a business.'

BFI vs IOA: Why Indian boxing is in turmoil

BFI vs IOA: Why Indian boxing is in turmoil

Rediff.com25 Feb 2025

Abuse of power, financial misconduct, and the never-ending turf wars are now coming to light as Boxing Federation of India's officials jostle to escape blame for the shocking turn of events.

Catalyst behind defence sector stocks regaining ground

Catalyst behind defence sector stocks regaining ground

Rediff.com24 Mar 2025

After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.

Key highlights of G20 New Delhi Leaders' declaration

Key highlights of G20 New Delhi Leaders' declaration

Rediff.com9 Sep 2023

Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.

AI Boom Fuels Workforce Upskilling

AI Boom Fuels Workforce Upskilling

Rediff.com10 Dec 2024

55% Indians fear that their skills could become partially or fully obsolete within the next five years.

Most brokerages lift targets for UltraTech Cement

Most brokerages lift targets for UltraTech Cement

Rediff.com26 Jan 2025

Although UltraTech Cement's results for the December quarter of the current financial year (Q3FY25) were not an improvement compared to Q3FY24, the company managed to surpass Street expectations. The company's profit attributable to the owners of the parent dropped 17.4 per cent year-on-year (Y-o-Y) to Rs 1,469.5 crore in Q3FY25 as against Rs 1,777 crore in Q3FY24.

Despite 6.6% growth, auto dealers have mixed expectations

Despite 6.6% growth, auto dealers have mixed expectations

Rediff.com6 Feb 2025

The Indian automobile retail sector saw a strong start to 2025, with overall sales increasing by 6.6 per cent year-on-year (YoY) in January, according to the latest report by the Federation of Automobile Dealers Associations (FADA). Despite the positive numbers, the association noted that auto dealers have mixed expectations for the coming months. Nearly half (46 per cent) anticipate further growth in sales, while 43 per cent believe sales will remain steady.

Brokerages split after JSW Steel Q3 results miss estimates

Brokerages split after JSW Steel Q3 results miss estimates

Rediff.com28 Jan 2025

Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.

Tech disrupting traditional industries, warn biz leaders

Tech disrupting traditional industries, warn biz leaders

Rediff.com13 Feb 2025

Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.

'Help! I'm Stuck In Rs 15 Lakh Debt'

'Help! I'm Stuck In Rs 15 Lakh Debt'

Rediff.com12 Mar 2025

Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.

Elon Musk freaks out over Trump's deal with OpenAI

Elon Musk freaks out over Trump's deal with OpenAI

Rediff.com23 Jan 2025

The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Rediff.com18 Jan 2025

India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.

He Said It, He Did It: Reddy's Family Weeps with Joy

He Said It, He Did It: Reddy's Family Weeps with Joy

Rediff.com28 Dec 2024

Tears of joy flowed freely as Nitish Kumar Reddy reunited with his family after his maiden Test century.

Ghost Jobs Are Worse Than No Jobs!

Ghost Jobs Are Worse Than No Jobs!

Rediff.com20 Feb 2025

By staying informed and focusing on legitimate job openings, candidates can navigate the job market more effectively and safeguard their career aspirations.

'Capital is flowing back to the US'

'Capital is flowing back to the US'

Rediff.com27 Feb 2025

'Even if India is attractive, FPIs currently lack the funds to invest, as money is being redirected to the US.'

500 Years For You To Match CEO's Pay!

500 Years For You To Match CEO's Pay!

Rediff.com28 Jan 2025

The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.

How to get more bang for the buck out of field agents

How to get more bang for the buck out of field agents

Rediff.com23 Jan 2025

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?

EPFO net members addition grows to 16.05 lakh in Dec

EPFO net members addition grows to 16.05 lakh in Dec

Rediff.com25 Feb 2025

Retirement fund body EPFO added 16.05 lakh net new members in December, which is 9.69 per cent higher compared to November 2024, as per the payroll data released on Tuesday. Further, a labour ministry statement said there was a growth of 2.74 per cent in net payroll additions compared to December 2023.

MPC minutes: Repo rate was cut as inflation aligned with target, says Guv

MPC minutes: Repo rate was cut as inflation aligned with target, says Guv

Rediff.com22 Feb 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra said the repo rate cut in the February meeting of the monetary policy committee (MPC) was due to inflation aligning with the target and recognising the fact that monetary policy is forward-looking.

Delhi govt suffered Rs 2,000 cr losses due to liquor policy: CAG report

Delhi govt suffered Rs 2,000 cr losses due to liquor policy: CAG report

Rediff.com25 Feb 2025

The report on the alleged liquor scam, a hot button issue in the run-up to the elections, claimed a loss of revenue to the tune of Rs 941.53 crore, saying timely permissions were not taken for opening the liquor vends in non-conforming municipal wards.

Highlights of Budget 2023-24

Highlights of Budget 2023-24

Rediff.com1 Feb 2023

Per capita income has more than doubled to Rs 1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. Seven priorities of the Budget, 'Saptarishi', are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.

RBI Warns Use Of CBDC As Crisis Safe Haven

RBI Warns Use Of CBDC As Crisis Safe Haven

Rediff.com14 Aug 2024

'The impact of CBDC on deposits and deposit insurance is largely unknown.'

FIITJEE founder among 12 booked after parents' complaints over shut down

FIITJEE founder among 12 booked after parents' complaints over shut down

Rediff.com25 Jan 2025

The founder of FIITJEE and 11 others have been booked after several of the coaching institute's centres in Delhi-NCR abruptly shut down, leaving students and parents in the lurch. FIITJEE has blamed the closures on "mismanagement and desertion" by managing partners, while students and parents allege non-payment of salaries and fraudulent practices. The institute claims it is pursuing legal action against competitors for alleged poaching of its faculty.