News for 'Foreign Commercial Service'

The right to be forgotten online

The right to be forgotten online

Rediff.com21 Oct 2014

It is only gradually dawning on us that some of the information we have trustingly shared with commercial service providers can be used against us when we apply for a job or when we apply to admission to a college, says Ajit Balakrishnan.

China says Musk's SpaceX satellites had 2 close encounters with its space station

China says Musk's SpaceX satellites had 2 close encounters with its space station

Rediff.com28 Dec 2021

China on Tuesday alleged that US billionaire Elon Musk-owned SpaceX's satellites had two 'close encounters' with its space station in orbit, and has complained to the United Nations about the incidents which endangered the safety of the Chinese astronauts.

What can Payments banks do for You?

What can Payments banks do for You?

Rediff.com14 May 2018

Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.

Business travel takes off again on a wing and a prayer

Business travel takes off again on a wing and a prayer

Rediff.com2 Nov 2021

Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.

Current account deficit dips in Q4 to 0.7% of GDP

Current account deficit dips in Q4 to 0.7% of GDP

Rediff.com29 Jun 2019

In absolute terms, the CAD stood at $4.6 billion in the current fourth quarter, compared with $13 billion in the year-ago quarter and $17.7 billion in the third quarter of fiscal year 2018-19.

Domestic banks can sell NPAs abroad: What does this RBI move mean?

Domestic banks can sell NPAs abroad: What does this RBI move mean?

Rediff.com31 Jul 2019

Apart from easing the NPA pressure on domestic banks, the RBI's move can allow companies to raise cheap, long-term loans easily now.

Digital currency race: China leads. India must catch up

Digital currency race: China leads. India must catch up

Rediff.com23 Oct 2020

India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.

Canara Bank to shut three overseas branches

Canara Bank to shut three overseas branches

Rediff.com9 Apr 2018

And will sell its 50 per cent stake to State Bank of India in Russia as part of rationalisation of overseas branch network.

Why was the army chief in Myanmar?

Why was the army chief in Myanmar?

Rediff.com13 Oct 2020

'The real significance of the visit lies in the extent of the receptivity in Myanmar of the account of Chinese perfidy given by India's military and civilian top brass and how they assess the danger to themselves of dancing with the dragon,' notes Ambassador T P Sreenivasan.

What US companies want from India: Stable policy

What US companies want from India: Stable policy

Rediff.com27 Jun 2020

Embargo on imports from a neighbouring country would send a chilling signal to foreign investors who look for transparency and companies with manufacturing units in India had requested the government to publish any change in port policy "to provide the business community with the visibility they need to function", says United States-India Strategic Partnership Forum.

Trump admin makes H1-B visa approval tough; Indian firms to be impacted

Trump admin makes H1-B visa approval tough; Indian firms to be impacted

Rediff.com23 Feb 2018

Extensions of H-1B visas have become even tougher, in particular if the employee has been on a bench for any part of their previous duration.

Shrinking screens: Is cable TV dying in India?

Shrinking screens: Is cable TV dying in India?

Rediff.com28 Nov 2021

For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.

10 things to keep in mind before starting a company

10 things to keep in mind before starting a company

Rediff.com19 Nov 2019

Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?

Pak fearful of India's strategic encirclement: US Congressional report

Pak fearful of India's strategic encirclement: US Congressional report

Rediff.com6 Nov 2019

Pakistan, the report said, has played an active, and by many accounts, a negative role in Afghan affairs for decades.

Barclays launches its Hindi website

Barclays launches its Hindi website

Rediff.com7 Nov 2008

Barclays customers would now be able to access all the information about the bank and its products and services besides downloading account opening forms in seven languages -- English, Hindi, Marathi, Gujarati, Tamil, Telugu and Kannada. Barclays Bank Plc's Global Retail and Commercial Banking, managing director, India and Indian Ocean, Samir Bhatia, said: "Barclays is committed to offering services that make banking easy and accessible to all."

The bank branch is dead; long live the branch

The bank branch is dead; long live the branch

Rediff.com22 Nov 2020

Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.

With 2 more Covid deaths, nationwide toll reaches 9; total cases 468

With 2 more Covid deaths, nationwide toll reaches 9; total cases 468

Rediff.com23 Mar 2020

The Union health ministry said West Bengal and Himachal Pradesh reported a casualty each on Monday, taking the total number of deaths to nine in the country due to COVID-19.

Rs 1.65 lakh cr of investor wealth wiped out on Thurs

Rs 1.65 lakh cr of investor wealth wiped out on Thurs

Rediff.com19 Sep 2019

Led by the weak trend in the broader market, the market capitalisation of BSE-listed companies plunged Rs 1,65,437.91 crore to Rs 1,38,54,439.41 crore.

E-commerce policy draft may bring cheer to the realty sector

E-commerce policy draft may bring cheer to the realty sector

Rediff.com1 Mar 2019

With the insistence on data centres to be onshore, entities in real estate believe there is going to be a rise in demand for specialised Grade-A commercial spaces to set these up.

Who should head India's aviation regulator DGCA?

Who should head India's aviation regulator DGCA?

Rediff.com6 Oct 2021

Ahead of two crucial audits, the Ministry of Civil Aviation (MoCA) has proposed to allow deputy director generals (DGs) and officers of Indian Air Force (IAF) to apply for the post of chief of India's aviation regulator. The current head of the Directorate General of Civil Aviation (DGCA), Arun Kumar, has been promoted as secretary and is expected to move out some time soon. DGCA has four Deputy DGs with experience in different fields of aviation.

India's Quest For A Role In The Future Of Semiconductors

India's Quest For A Role In The Future Of Semiconductors

Rediff.com28 Dec 2021

'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.

We may be heading for 7%+ growth

We may be heading for 7%+ growth

Rediff.com24 Aug 2021

The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.

Does the govt really intend to revive the auto sector?

Does the govt really intend to revive the auto sector?

Rediff.com26 Aug 2021

In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.

Omicron: Govt to review decision on restarting international flights

Omicron: Govt to review decision on restarting international flights

Rediff.com28 Nov 2021

After a long hiatus of more than 20 months, the government had on November 26 announced the resumption of scheduled international commercial flights from December 15.

India's banking system brutally unfair: Deepak Parekh

India's banking system brutally unfair: Deepak Parekh

Rediff.com11 Oct 2019

He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.

Tata Sons now has majority stake in AirAsia

Tata Sons now has majority stake in AirAsia

Rediff.com29 Dec 2020

Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."

India used British mercenary pilots in fight against LTTE: Book

India used British mercenary pilots in fight against LTTE: Book

Rediff.com6 Feb 2020

According to the book, 'Keenie Meenie: The British Mercenaries Who Got Away With War Crimes', authored by UK-based investigative journalist Phil Miller India's secret use of British mercenaries lasted for four months after the Indo-Lanka accord was signed between former Prime Minister Rajiv Gandhi and then Sri Lankan president Junius Jayewardene in 1987.

Of dubious products & cautionary warnings

Of dubious products & cautionary warnings

Rediff.com30 Apr 2021

Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?

'If the government doesn't help, our dreams will collapse'

'If the government doesn't help, our dreams will collapse'

Rediff.com7 Oct 2022

'Our future is in limbo. The government saved us with Operation Ganga; now, they must save our careers.'

Why space start-ups find it hard to raise funds

Why space start-ups find it hard to raise funds

Rediff.com11 Sep 2018

While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.

How RBI can prevent frauds

How RBI can prevent frauds

Rediff.com29 Oct 2020

Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.

North Korea's Kim Jong-un is 'alive and well': Seoul

North Korea's Kim Jong-un is 'alive and well': Seoul

Rediff.com27 Apr 2020

The report of Kim's illness started doing rounds following his absence at the Kumsusan Palace of the Sun in Pyongyang on the birthday of late state founder and his grandfather, Kim Il-sung, earlier this month.

Air passenger traffic takes wings once again in Jun

Air passenger traffic takes wings once again in Jun

Rediff.com6 Jul 2021

Domestic air passenger traffic was back to the growth trajectory in June amid the falling number of COVID-19 cases in the country with around three million passengers flying on local routes in the previous month as against around two million in May, a report said on Tuesday. Though there is some recovery observed in June, stress on demand continues, driven largely by the second wave of the pandemic, limiting travel to only necessary travel, credit rating agency ICRA said in its report. On a sequential basis, domestic passenger traffic was up 41-42 per cent in June over May.

States begin to reimpose curbs as new variant sparks alert

States begin to reimpose curbs as new variant sparks alert

Rediff.com29 Nov 2021

Alert to the looming threat from the 'Omicron' variant, states began to re-tighten curbs and urgently trace people who arrived from abroad in the last one month while a demand to not allow flights from the affected countries was made by Delhi Chief Minister Arvind Kejriwal and Karnataka Chief Minister Basavaraj Bommai.

How Kartik Shot Dhamaka in 9 Days!

How Kartik Shot Dhamaka in 9 Days!

Rediff.com20 Oct 2021

'The way the film has been designed is also very unique. The entire film is set in just one room.'

Air freight stations planned to transport Covid vaccines

Air freight stations planned to transport Covid vaccines

Rediff.com30 Nov 2020

The government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.

Govt response to the pandemic was right

Govt response to the pandemic was right

Rediff.com19 Dec 2020

The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.

China's aggressive behaviour can spark crisis: US

China's aggressive behaviour can spark crisis: US

Rediff.com11 Jun 2021

US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.

Complacent banks will turn dinosaurs this decade

Complacent banks will turn dinosaurs this decade

Rediff.com13 Jan 2021

In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.

Complete financial reform in 6 months: FM

Complete financial reform in 6 months: FM

Rediff.com17 May 2005

Addressing the CII annual session, he also indicated to further liberalisation of policies to attract more FDI and FII funds, promote external commercial borrowings, service exports and tourism.