News for 'Financial Technologies Group'

Did NSEL investors' money never reach borrowers?

Did NSEL investors' money never reach borrowers?

Rediff.com5 Sep 2013

Ledger entries in NSEL books show no record of T+2 leg of the paired trades with borrowers.

Quad ministers oppose 'unilateral' move to change status quo in China seas

Quad ministers oppose 'unilateral' move to change status quo in China seas

Rediff.com3 Mar 2023

The top diplomats of Quad nations on Friday denounced as "inadmissible" any use or threat of use of nuclear weapons in the Ukraine war and strongly opposed any "unilateral actions" that seek to change the status quo in the South and East China Seas, a region that has witnessed increasing Chinese military offensive.

NEP Opens Doors For Foreign Universities

NEP Opens Doors For Foreign Universities

Rediff.com21 Jun 2022

'We are receiving a steady stream of interest from well-established foreign universities.'

Voda's payments bank becomes first to shut shop

Voda's payments bank becomes first to shut shop

Rediff.com22 Jul 2019

Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.

Countering 'lifeblood' of terror should be priority: NSA Doval

Countering 'lifeblood' of terror should be priority: NSA Doval

Rediff.com6 Dec 2022

Describing Central Asia as India's "extended neighbourhood", Doval said New Delhi accords "highest priority" to this region, adding Afghanistan is an important issue "concerning all of us".

PAN details of Dhoni, Shilpa Shetty used in credit card fraud

PAN details of Dhoni, Shilpa Shetty used in credit card fraud

Rediff.com3 Mar 2023

Some of the celebrities whose names and details were used by the fraudsters are Abhishek Bachchan, Shilpa Shetty, Madhuri Dixit, Emraan Hashmi and Mahendra Singh Dhoni, Deputy Commissioner of Police (DCP) of Shahadra Rohit Meena said.

To mark Adani's 60th birthday, family pledges Rs 60K cr to charities

To mark Adani's 60th birthday, family pledges Rs 60K cr to charities

Rediff.com24 Jun 2022

In one of the biggest donations by a business family in India, the family of Adani Group chairman Gautam Adani on Thursday committed to donating Rs 60,000 crore (around $7.7 billion) to various charities related to health care, education, and skill development. The commitment has been made to mark Gautam Adani's 60th birthday on Friday as well as the birth centenary year of his father Shantilal Adani. The corpus will be administered by the Adani Foundation. "At a very fundamental level, [programmes] related to all these three areas should be seen holistically and they collectively form the drivers to build an equitable and future-ready India.

Spice Group's Modi plans shifting base to India

Spice Group's Modi plans shifting base to India

Rediff.com26 Jul 2013

Bhupendra Kumar Modi is the founder of $2-billion Spice Group.

Summer jobs in financial services, software and more

Summer jobs in financial services, software and more

Rediff.com15 Apr 2011

We invited employers looking out for summer interns to post openings in their companies. Here we post the latest batch of summer jobs that are up for grabs across the country.

How Kishore Biyani plans to reinvent the Future group

How Kishore Biyani plans to reinvent the Future group

Rediff.com6 Dec 2016

T E Narasimhan/Business Standard reports from Chennai on how the Future group plans to shore up its small store network in the South.

Faster roll out of 5G to have greater impact: Airtel

Faster roll out of 5G to have greater impact: Airtel

Rediff.com21 Apr 2022

Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.

Cyrus Mistry's 2-year report card at the Tata Group

Cyrus Mistry's 2-year report card at the Tata Group

Rediff.com1 Jan 2015

Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.

Key planners of 26/11 remain unpunished: Jaishankar

Key planners of 26/11 remain unpunished: Jaishankar

Rediff.com28 Oct 2022

He also said that when it comes to proscribing some terrorists, the United Nations Security Council (UNSC) has 'regrettably' been unable to act in some cases because of 'political considerations'.

BPCL privatisation not on cards for now

BPCL privatisation not on cards for now

Rediff.com15 Sep 2022

Oil Minister Hardeep Singh Puri on Thursday indicated that the much-delayed privatisation of oil major BPCL may not happen in the near future, saying there is "no proposal whatsoever" on his table for now. As part of its asset monetisation plan, the government had in November 2019 put Bharat Petroleum Corporation (BPCL) on the block and said it would completely sell its 52.98 per cent stake in the country's second largest state-run oil refiner and marketer. Though it had received three tentative bids, it got only one financial bid from Vedanta group, forcing it in May 2022 to shelve the plan pending a "comprehensive review".

Every Employee Needs Personal Mediclaim

Every Employee Needs Personal Mediclaim

Rediff.com10 Apr 2023

All employees should supplement the employer-sponsored health cover with a personal cover.

PE inflows jump 118% in H1 to $11.82 bn

PE inflows jump 118% in H1 to $11.82 bn

Rediff.com8 Jul 2021

Fund inflows jumped over 77 per cent in the second quarter of 2021 to $7.55 billion compared to $4.26 billion in the first quarter, according to the data collated by Refinitiv, the London Stock Exchange Group's financial markets data and insights arm. However, volume growth was a tepid 8.8 per cent in Q2 at 296 transactions up from 272 in Q1, totalling the counts in the first half to 568, against 365 transaction in the year-ago period. Total inflows in the first half of 2020 were $5.43 billion across 365 deals, while in the first quarter these were $3.92 billion across 183 deals and the second quarter at $1.51 billion across 182 deals, according to Refinitiv.

10 OTT Shows That Make Us Nostalgic

10 OTT Shows That Make Us Nostalgic

Rediff.com22 Aug 2023

Many films and shows go back in time to bring alive so many fading and forgotten memories.

Challenges Chip Projects like Vedanta-Foxconn Face

Challenges Chip Projects like Vedanta-Foxconn Face

Rediff.com19 Sep 2022

Indian plants -- who plan to begin production with 28 nano metre chips -- will take two to four years to get off the ground. By that time, in the fast changing world of chip making, the global market would have shifted to 22 nm.

How drones can give wings to farmers

How drones can give wings to farmers

Rediff.com13 Nov 2022

So far, the drones that were considered important for the agriculture sector were nature-made winged-insects - a key component of the bee-based natural pollination cycle. The new-age drone is a whirring machine with rotors that can help farmers plan and grow and manage their crops. For the farm sector in India, which has had low levels of mechanisation, the impact of drones can be tremendous. The use of drones can help it leapfrog to modernisation in the same way that mobile phones helped India overcome its traditional lack of connectivity.

Manoj Vaish takes charge as CEO of MCX

Manoj Vaish takes charge as CEO of MCX

Rediff.com1 Feb 2014

Manoj Vaish on Saturday took charge as Managing Director and CEO of the country's leading commodity exchange MCX that is under the regulatory glare following troubles at the promoter group.

Markets in consolidation phase; prudent to book profit now: Analysts

Markets in consolidation phase; prudent to book profit now: Analysts

Rediff.com19 May 2023

The markets may be entering a consolidation phase and are expected to trade sideways for now after a good run in the last few weeks, suggest analysts. In this backdrop, they suggest investors can book profits at the current levels and enter the market again on a decline from a medium-to-long term perspective. Thus far in fiscal 2023-24 (FY24), the S&P BSE Sensex has moved up around 5 per cent to nearly 62,000 levels.

Is It Time To Invest In Silver?

Is It Time To Invest In Silver?

Rediff.com17 May 2023

The rally in silver may continue if the global economic recovery remains on course.

Govt to bring in legislation to regulate crypto currency

Govt to bring in legislation to regulate crypto currency

Rediff.com17 Feb 2021

Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.

Mukesh Ambani bats for data privacy, cryptocurrency bills

Mukesh Ambani bats for data privacy, cryptocurrency bills

Rediff.com3 Dec 2021

Billionaire Mukesh Ambani on Friday backed the proposed data privacy and cryptocurrency bills, saying India is putting in place the most forward-looking policies and regulations. Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is stored and shared, said nations have the right to build and protect strategic digital infrastructure. Stating that data is the 'new oil', he said every citizen's right to privacy has to be safeguarded. "India is putting in place the most forward-looking policies and regulations," he said at the Infinity Forum, hosted by International Financial Services Centres Authority (IFSCA).

India Inc's profits rise 28% in March quarter, banks contribute the most

India Inc's profits rise 28% in March quarter, banks contribute the most

Rediff.com9 Jun 2022

A strong performance by sectors including banking raised the profits of Indian companies by 28 per cent in the three months ended March 2022. The rate of growth is, however, lower than the 30 per cent seen in December. Growth in net sales was also lower than what was seen in the December quarter for the sample under consideration.

How insurance firms plan to make your life easier

How insurance firms plan to make your life easier

Rediff.com29 Aug 2017

Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal

The Modi Interview: 'India will be developed by 2047'

The Modi Interview: 'India will be developed by 2047'

Rediff.com3 Sep 2023

Prime Minister Narendra Modi has said that India's economic growth is a 'natural by-product' of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with 'corruption, casteism and communalism' having no place in our national life.

Mastermind of Chinese shell firms arrested

Mastermind of Chinese shell firms arrested

Rediff.com12 Sep 2022

The Serious Fraud Investigation Office (SFIO) has arrested a person who the Ministry of Corporate Affairs (MCA) said has emerged as the mastermind of the racket of incorporating a large number of shell companies with Chinese links in India.

The legacy of Sebi's U K Sinha

The legacy of Sebi's U K Sinha

Rediff.com2 Feb 2016

Under U K Sinha, Sebi became a pan-India organisation with local offices in 16 cities

Airports Authority may procure two counter-drone systems

Airports Authority may procure two counter-drone systems

Rediff.com14 Nov 2021

The The Airports Authority of India is likely to procure two counter-drone systems worth Rs 9.9 crore in 2022-23, according to an official document.

ASK AJIT: 'This stock hits circuits often. What to do?'

ASK AJIT: 'This stock hits circuits often. What to do?'

Rediff.com29 Mar 2022

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Salary Costs At IT Services Are Growing

Salary Costs At IT Services Are Growing

Rediff.com30 Aug 2022

'Companies are being forced to pay higher salaries to retain and hire employees due to a big rise in attrition in the industry.'

Tata Group has written down $2.2 bn under Mistry

Tata Group has written down $2.2 bn under Mistry

Rediff.com1 Sep 2014

Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.

'India can continue to be fastest growing economy this decade'

'India can continue to be fastest growing economy this decade'

Rediff.com12 Apr 2023

'With a solid investment programme and sustainable development strategy, India can exceed 7 per cent growth per year, or a doubling of high-quality national income within a decade.'

Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Rediff.com13 Jun 2022

An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India's largest corporate groups to scoop up drone start-ups. "Indian corporations lost the race in aerospace and space tech. "No one wants to miss the bus this time. "These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future," says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

Rediff.com24 Oct 2022

Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."

TCS world's second most valuable IT brand, Infy fastest growing

TCS world's second most valuable IT brand, Infy fastest growing

Rediff.com27 Jan 2022

Infosys has emerged as the fastest growing IT services brand following 52 per cent brand value growth since last year and 80 per cent since 2020 to $12.8 billion, earning it third spot, the brand valuation consultancy said in its latest Global 500 IT Services Ranking report. TCS and Infosys have pushed IBM to fourth spot from second. IBM's brand value now stands at $10.6 billion, a decline of 34 per cent from last year and 50 per cent since 2020.

FTIL, MCX shares plunge on stock exchange probe

FTIL, MCX shares plunge on stock exchange probe

Rediff.com14 Mar 2014

MCX-SX was set up by FTIL and MCX, but they have been now classified as 'public shareholders' as against 'promoters' earlier, pursuant to a Sebi-ordered restructuring of its board and governance structure.

Mukesh Ambani pitches for subsidised smatphones

Mukesh Ambani pitches for subsidised smatphones

Rediff.com8 Dec 2021

Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.

Army maintains strong defence posture along LAC: Gen Manoj Pande

Army maintains strong defence posture along LAC: Gen Manoj Pande

Rediff.com15 Jan 2023

General Pande said the northern border region has been peaceful and steps have been taken to maintain peace through established protocol and existing mechanism.