News for 'Foreign Commercial Service'

Devas-Antrix Deal: International Tribunal asks India to pay damages

Devas-Antrix Deal: International Tribunal asks India to pay damages

Rediff.com28 Jul 2016

An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.

Here's what US has to tell India on smart cities

Here's what US has to tell India on smart cities

Rediff.com28 Apr 2015

US Ambassador Richard Verma's tips to the Indian states.

Indian firms may take a hit if the rupee falls further

Indian firms may take a hit if the rupee falls further

Rediff.com19 Oct 2014

Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.

Will the Supreme Court declare the Aadhaar Act a black law?

Will the Supreme Court declare the Aadhaar Act a black law?

Rediff.com11 Jun 2018

Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.

Nifty ends above 8,550 on GST hopes, monsoon

Nifty ends above 8,550 on GST hopes, monsoon

Rediff.com14 Jul 2016

ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.

Tata, SIA incubated venture in April last year

Tata, SIA incubated venture in April last year

Rediff.com23 Sep 2013

Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.

How 23 new banks will make an impact in India

How 23 new banks will make an impact in India

Rediff.com18 Sep 2015

The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.

Has navy inducted INS Khanderi with several defects?

Has navy inducted INS Khanderi with several defects?

Rediff.com1 Oct 2019

There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.

After outrage, govt exempts WhatsApp, social media from new encryption policy

After outrage, govt exempts WhatsApp, social media from new encryption policy

Rediff.com22 Sep 2015

Shortly after a controversy erupted over government's plans to snoop on every message sent through WhatsApp, SMS, e-mail or any such service, the Department of Electronics and Information Technology clarified that social media websites and applications will be exempted from the purview of the draft National Encryption Policy.

'GST is stuck because of politicking'

'GST is stuck because of politicking'

Rediff.com4 Jan 2016

'The role reversal of those in favour of GST and those opposing it is troubling.'

The man behind Vande Bharat Express

The man behind Vande Bharat Express

Rediff.com19 Feb 2019

'This is not just Make in India; this is much more than that. Right from design to delivery, everything was done in India.'

SPECIAL: Why current account deficit may fall in FY14

SPECIAL: Why current account deficit may fall in FY14

Rediff.com2 Jul 2013

Anand Rathi recently carried out a research on the behaviour of the economy and CAD.

How India can return to higher growth rate

How India can return to higher growth rate

Rediff.com28 Jan 2020

'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.

India may be entering a Goldilocks period

India may be entering a Goldilocks period

Rediff.com3 Apr 2019

'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.

NRIs ahoy! You need to shift to financial savings

NRIs ahoy! You need to shift to financial savings

Rediff.com7 Jan 2019

With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.

India is a land of emerging opportunities: Ajit Singh

India is a land of emerging opportunities: Ajit Singh

Rediff.com31 Oct 2013

Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.

Before China sends cheap lethal drones over the border

Before China sends cheap lethal drones over the border

Rediff.com15 Sep 2017

What must India do now?

RBI's 0.25% interest rate cut may lead to lower EMIs

RBI's 0.25% interest rate cut may lead to lower EMIs

Rediff.com7 Feb 2019

With Deputy Governor Viral Acharya and another member Chetan Ghate voting for a status quo, RBI governor Shaktikanta Das and three others outvoted them for reduction in repo rate to 6.25 per cent from the existing 6.50 per cent.

India lost Rs 90K cr to false trade invoicing, says US think-tank

India lost Rs 90K cr to false trade invoicing, says US think-tank

Rediff.com6 Jun 2019

In 2016, almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from just one country, China, which was by far India's largest source of imports in that year

FAQ: What the big Iran deal is all about

FAQ: What the big Iran deal is all about

Rediff.com14 Jul 2015

After 20 months of hectic negotiations, Iran and six major powers have reached a historic deal to limit Teheran's nuclear programme in return for lifting of sanctions. Let's understand closely what the deal is all about.

India must overcome 'tremendous' challenges to realise potential, says top Indian-American diplomat

India must overcome 'tremendous' challenges to realise potential, says top Indian-American diplomat

Rediff.com11 May 2016

The US wants its trade with India to grow multi-fold, Assistant Secretary of State for South and Central Asia Nisha Desai Biswal told lawmakers.

Three issues for Modi and Xi to consider

Three issues for Modi and Xi to consider

Rediff.com10 Oct 2019

'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei

E-tailers face tough times as states tighten tax noose

E-tailers face tough times as states tighten tax noose

Rediff.com25 Jan 2015

Kerala's tax authorities are also reviewing other e-commerce companies for similar discrepancies, and might fine more defaulters.

Govt for discussion paper on royalty payment ceiling

Govt for discussion paper on royalty payment ceiling

Rediff.com29 Apr 2014

The paper will invite comments on whether or not the royalty ceiling applicable till 2009 should be re-imposed.

Wall Street, Silicon Valley excited about India: Michael Schlein

Wall Street, Silicon Valley excited about India: Michael Schlein

Rediff.com8 Mar 2016

Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.

India launches six Singapore satellites onboard PSLV-C29

India launches six Singapore satellites onboard PSLV-C29

Rediff.com16 Dec 2015

PSLV C-29 blasted off from the Satish Dhawan Space Centre, about 110 km from Chennai, at 6 pm and released the six satellites one by one into a 550 km circular orbit.

Govt's sops for realty sector good, but not enough

Govt's sops for realty sector good, but not enough

Rediff.com14 Sep 2019

'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'

Indo-US row a blow for trade ties

Indo-US row a blow for trade ties

Rediff.com27 Dec 2013

Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.

Sensex hits seven-month high on positive GDP data

Sensex hits seven-month high on positive GDP data

Rediff.com1 Jun 2016

Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.

The 2 Raj Shahs America is talking about

The 2 Raj Shahs America is talking about

Rediff.com6 Jan 2017

One Raj Shah has been the top Indian American in the Obama administration; the other Raj Shah is poised to play a key role in the Trump administration.

Why India is running short of pilots

Why India is running short of pilots

Rediff.com27 Dec 2016

'People have been flying for years on the basis of a police clearance and an airport entry pass.' 'Then they came out with a convoluted thing -- that your police clearance must be from your place of residence.' 'Now if a pilot is sitting in Delhi but is from Timbuktoo, the papers will have to come from there.' 'So at any point, you have a certain number of pilots sitting on the ground because his AEP has expired and the papers haven't come.' Revealed: India's bizarre processes to get pilots to fly planes.

Bank licence norms not discriminatory: Birla

Bank licence norms not discriminatory: Birla

Rediff.com26 Jun 2013

A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.

FAA downgrade puts Jet into tailspin

FAA downgrade puts Jet into tailspin

Rediff.com3 Feb 2014

United, American snap code share deals, in compliance with US regulator's ruling

India's external debt stands at $426 bn in December

India's external debt stands at $426 bn in December

Rediff.com28 Mar 2014

The total external debt of $426 billion showed an increase of $21.1 billion over the March-end level.

N Chandrasekaran: Tata Son's lucky mascot

N Chandrasekaran: Tata Son's lucky mascot

Rediff.com20 Feb 2018

After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.

Stay tuned to Moscow!

Stay tuned to Moscow!

Rediff.com1 Sep 2015

India must develop structured multilateralism to its defence buys

India's automakers hit the fast lane in overseas markets

India's automakers hit the fast lane in overseas markets

Rediff.com10 Oct 2019

Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.

Trump admin announces tough steps to detect H-1B visa fraud

Trump admin announces tough steps to detect H-1B visa fraud

Rediff.com4 Apr 2017

The USCIS announcement indicated that the US government is going to be tough and stringent in approval of H-1B visas this year.

Looking for investment with a difference? Buy yourself an ATM

Looking for investment with a difference? Buy yourself an ATM

Rediff.com7 Oct 2013

Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.