News for 'Global Financial Integrity'

Stock Picks: 10 Value Bets For Rich Payoffs

Stock Picks: 10 Value Bets For Rich Payoffs

Rediff.com7 Nov 2023

10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.

At G-20 meet, Modi pitches for bringing digital transformation to every person's life

At G-20 meet, Modi pitches for bringing digital transformation to every person's life

Rediff.com16 Nov 2022

The digital transformation should not be confined to a small part of the "human race" and its greater benefits will be realised only when digital access becomes "truly inclusive", Prime Minister Narendra Modi said at the G-20 summit on Wednesday. Modi also strongly pitched for a pledge by the G-20 leaders to work for bringing digital transformation into the life of every human being in the next 10 years so that no person is deprived of the benefits of the new technologies. In a session on digital transformation, the prime minister also said that principle of "data for development" will be an integral part of the overall theme of India's upcoming G-20 Presidency.

Niti chief's recipe for India to achieve 9-10% growth

Niti chief's recipe for India to achieve 9-10% growth

Rediff.com19 Jan 2021

India must remain an integral part of the global economy if it has to grow at 9-10 per cent over the next three decades, Niti Aayog CEO Amitabh Kant said on Tuesday. Speaking at the 15th India Digital Summit, Kant said India needs to become a major global exporting nation, without that it will not be possible to become richer and create wealth for its people over the next three decades.

'A simple guy despite being a billionaire'

'A simple guy despite being a billionaire'

Rediff.com5 Sep 2022

'He was the most thoughtful corporate person I encountered.'

Terrorists under great pressure, financial crunch: Jaitley

Terrorists under great pressure, financial crunch: Jaitley

Rediff.com13 Aug 2017

Today no big militant can dream of committing terror acts, the MoD said.

How brands are fighting back as global crises hit home

How brands are fighting back as global crises hit home

Rediff.com15 Oct 2019

Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.

Are IT Companies Avoiding Placement Season?

Are IT Companies Avoiding Placement Season?

Rediff.com7 Aug 2023

'Companies are coming to the campuses, and we have companies booking their slots for the placement season, but the overall number of companies signing is low, and the hiring numbers are also lower.'

How FYUP Will Benefit Undergrads

How FYUP Will Benefit Undergrads

Rediff.com26 Dec 2022

'If the FYUP is making the child employable, then we will have to ensure that learning on the job is integrated.' 'And also ensure that by the time they end FYUP they are completely employable.'

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.

FATF retains Pakistan in Grey List; warns of action

FATF retains Pakistan in Grey List; warns of action

Rediff.com18 Oct 2019

If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious.

Global turbulence behind market crash; fundamentals strong: FM

Global turbulence behind market crash; fundamentals strong: FM

Rediff.com24 Aug 2015

Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley on Monday said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.

Govt makes it mandatory for armed forces to source military hardware locally

Govt makes it mandatory for armed forces to source military hardware locally

Rediff.com25 Apr 2022

The ministry also decided to dispense with the requirement of the Integrity Pact Bank Guarantee to reduce the financial burden on the Indian defence industry, a move aimed at promoting domestic manufacturing.

G20 biz leaders demand bold reform agenda for global growth

G20 biz leaders demand bold reform agenda for global growth

Rediff.com14 Nov 2014

Echoing Prime Minister Narendra Modi's views that improving the health of financial markets alone cannot fuel growth, G20 business leaders on Friday said vigorous efforts should be made to go beyond fiscal and monetary policy to kickstart world economy and create jobs.

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 Indian banks are getting ready to avoid fraud, enhance security

How Indian banks are getting ready to avoid fraud, enhance security

Rediff.com23 Nov 2018

Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system

Chip shortage may derail automakers FY24 production plans

Chip shortage may derail automakers FY24 production plans

Rediff.com4 Apr 2023

Even as India's passenger-vehicle sales touched a record high of 3.9 million units in 2022-23, growing 27 per cent over the previous financial year, the country's largest carmaker, Maruti Suzuki India (MSIL), said on Monday uncertainties in the electronic-component supplies might affect production in FY24. MSIL said the shortage of electronic components had some impact on production in FY23. "The company took all possible measures to minimise the impact.

Why financial tech start-ups must be under scrutiny

Why financial tech start-ups must be under scrutiny

Rediff.com19 Jul 2016

Banking is first about trust and integrity and then about technology and the rest.

Adani Crisis: Stress Test For Indian Capitalism

Adani Crisis: Stress Test For Indian Capitalism

Rediff.com15 Feb 2023

In this round, the market has won. But it is still for Gautam Adani to decide whether he has lost or not, argues Shekhar Gupta.

Axis Bank buys Citi's India retail business for Rs 12,325 cr

Axis Bank buys Citi's India retail business for Rs 12,325 cr

Rediff.com30 Mar 2022

US bank Citigroup on Wednesday announced the sale of its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore, as part of its plans to exit retail operations in 13 markets.

China's Military Upgrade A Cause Of Concern

China's Military Upgrade A Cause Of Concern

Rediff.com28 Mar 2023

The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.

Top 5 countries on black money list; India third

Top 5 countries on black money list; India third

Rediff.com16 Dec 2014

The cumulative illicit money moving out of India over a ten-year period rose to $439.59 billion

'India is fastest-growing large economy in the world'

'India is fastest-growing large economy in the world'

Rediff.com23 Jun 2023

'India has formed tremendous resilience and still a strong growth.'

Adani Stocks: What Price Rigging?

Adani Stocks: What Price Rigging?

Rediff.com29 May 2023

The Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved, notes Debashis Basu.

Byju's to lay off 2,500 staffers, targets profitability by March

Byju's to lay off 2,500 staffers, targets profitability by March

Rediff.com13 Oct 2022

Edtech giant Byju's is set to lay off nearly 2,500, or 5 per cent, of its employees as part of an "optimisation" plan. The move by India's most valuable start-up comes amid a funding winter and steep losses. "To avoid redundancies and duplication of roles, and by leveraging technology better, around 5 per cent of Byju's 50,000-strong workforce is expected to be rationalised across product, content, media, and technology teams in a phased manner," said the company in a statement. In June, Byju's laid off about 600 employees at its group companies -WhiteHat Jr and Toppr.

Pak will remain on its terror 'grey list': FATF

Pak will remain on its terror 'grey list': FATF

Rediff.com22 Oct 2021

Pakistan will remain on the 'grey list' of the Financial Action Task Force (FATF) until it further demonstrates that action is being taken against Jamaat-ud-Dawah chief Hafiz Saeed and Jaish-e-Mohammed founder Masood Azhar who are listed as global terrorists by the United Nations, the global anti-money laundering and terror financing watchdog said on Thursday.

Full Text: PM Modi's address to US Congress

Full Text: PM Modi's address to US Congress

Rediff.com23 Jun 2023

Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.

India slips 10 spots to 68th on competitiveness index

India slips 10 spots to 68th on competitiveness index

Rediff.com9 Oct 2019

India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).

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.

'Cyber attackers are 10 steps ahead'

'Cyber attackers are 10 steps ahead'

Rediff.com4 Apr 2023

'Hacking of an ID or an account will have the same impact on a user in a city and one in a small town.' 'Security is like a railroad, you create it to last for every customer.'

No victors in Ukraine war, everyone will lose, says Modi in Berlin

No victors in Ukraine war, everyone will lose, says Modi in Berlin

Rediff.com2 May 2022

India believes no country would emerge victorious in the Russia-Ukraine war as all will suffer losses and there will be a "more serious" impact on developing and poor countries, Prime Minister Narendra Modi said on Monday after holding talks with German Chancellor Olaf Scholz as both leaders reiterated the need for an immediate cessation of hostilities.

Reliance invests Rs 30k cr in retail in FY22

Reliance invests Rs 30k cr in retail in FY22

Rediff.com8 Aug 2022

Reliance Industries invested Rs 30,000 crore (around $3.76 billion) in its retail business and added 2,500 stores, taking the total store count to 15,196 in FY22. Besides, Reliance Retail added 11.1 million square feet of warehousing space during the year, nearly doubling the warehousing space to 22.7 million square feet, Reliance Industries Ltd (RIL) said in the annual report for FY22. In FY22, Reliance Retail added over 1.50 lakh jobs, taking its total headcount to 3.61 lakh.

Why 75% drop in global oil prices isn't reaching you

Why 75% drop in global oil prices isn't reaching you

Rediff.com7 Feb 2016

Centre and state governments are steadily increasing excise duties and value-added tax

There's no credit risk for Adani group's lenders: Rating agencies

There's no credit risk for Adani group's lenders: Rating agencies

Rediff.com7 Feb 2023

After a $110 billion rout in market value, embattled Adani group got some reprieve on Tuesday after shares of most of its listed firms rebounded on bourses and international rating agencies said there was no credit risk for lenders with exposure to the group. The group, which is in the midst of a political storm after US-based short-seller Hindenburg Research's adverse report dated January 24 triggered a meltdown in group stocks wiping out billions of dollars in market value, also had a mixed day with the quarterly results of four of its entities, particularly Adani Ports and Special Economic Zone reporting a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore for the December quarter 2022. Shares of flagship firm Adani Enterprises settled nearly 15 per cent higher at Rs 1,802.50 apiece while shares of Adani Wilmar jumped 5 per cent to end at Rs 399.40 on BSE.

Sustainable funds see Rs 315 cr outflow in 2021-22

Sustainable funds see Rs 315 cr outflow in 2021-22

Rediff.com24 Apr 2022

Investors are yet to warm up to the concept of sustainable investing with sustainable or ESG (environmental, social, and governance) funds in India witnessing outflows of Rs 315 crore in 2021-22. This comes following a staggering inflow of Rs 4,884 crore in FY 2020-21. Prior to that, sustainable funds saw an infusion of over Rs 2,000 crore, according to data compiled by Morningstar India.

Things Are Looking Up At Box Office, But...

Things Are Looking Up At Box Office, But...

Rediff.com19 Jun 2023

'In terms of ticket sales, Hindi is at 50-60 per cent while the South markets are at 80-90 per cent of pre-pandemic levels.' The patchy performance of Hindi, the largest segment of the business is the nub of what is bothering Indian cinema.

Study on black money yet to be completed: Fin Min

Study on black money yet to be completed: Fin Min

Rediff.com16 Sep 2013

The Finance Ministry had set a time period of 18 months, which expired last year on August 21, for completion of the study.

Pak gets little traction globally on Kashmir issue: Sources

Pak gets little traction globally on Kashmir issue: Sources

Rediff.com10 Aug 2019

Islamabad is being bluntly asked not to use the development in Kashmir for cross border terrorism or infiltration across the Line of Control.

Sensex recovers by 172 points, Nifty ends at 9,100 on positive global cues

Sensex recovers by 172 points, Nifty ends at 9,100 on positive global cues

Rediff.com28 Mar 2017

Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.

NSE to set up an international exchange in Gujarat's GIFT City

NSE to set up an international exchange in Gujarat's GIFT City

Rediff.com26 Feb 2015

New exchange will provide an electronic platform for trading.

India could become the fintech hub of the world

India could become the fintech hub of the world

Rediff.com10 Aug 2020

Leveraging global capital markets to give muscle to an innate competitive advantage in rapid mass transaction systems will lead to India becoming a petri dish for global enterprises and new-age innovation that it yearns to be.