News for 'Globe Capital'

Hindu Influence Is Visible All Over Cambodia

Hindu Influence Is Visible All Over Cambodia

Rediff.com27 Dec 2023

Brahma, Vishnu, Shiva, Ram, Laxmi, stories from the Hindu epics are seen in carvings, paintings and murals, as well as recognisable figures from mythology, like Garuda, Sheshnag, Nandi and Apsaras, notes Deepa Gahlot, savouring the beauty of Cambodia.

Udhayanidhi doubles down, says he'll 'face all cases'

Udhayanidhi doubles down, says he'll 'face all cases'

Rediff.com7 Sep 2023

He also launched a strident attack on Prime Minister Narendra Modi, saying he was 'globe-trotting', afraid of facing questions over the Manipur violence.

Liverpool's Werner says it's business as usual

Liverpool's Werner says it's business as usual

Rediff.com18 Nov 2022

Head coach Juergen Klopp said last week a potential change in Liverpool's ownership would not affect his commitment to the club and played down talk of a sale.

Stockmarket: 'Not the time to be fearful'

Stockmarket: 'Not the time to be fearful'

Rediff.com9 Oct 2023

'The risk is in not being invested and missing out on an upmove.'

India a bright spot for investments despite current volatility: Blackstone

India a bright spot for investments despite current volatility: Blackstone

Rediff.com15 Feb 2023

Despite the recent turmoil in the Indian markets after a scathing report on the Adani group from Hindenburg Research, American private equity major Blackstone is "bullish" on the India growth story and plans to invest more in the country's infrastructure and real estate projects. "We have a long-term view on India, as growth will be higher here. We have invested half of our Asia exposure in India. "Our extraordinary performance in India has made us bullish," said Jonathan Gray, president and chief operating officer of Blackstone.

Rating agencies, partner ease Adani's pain

Rating agencies, partner ease Adani's pain

Rediff.com3 Feb 2023

After a tumultuous past few days that almost halved value of the Adani group, embattled tycoon Gautam Adani-led conglomerate had some pressure eased on Friday as two global rating firms stuck with their calls on its credit profile and its French partner backed its investments in the group firms. Also for the first time since January 24, shares of the group's flagship firm Adani Enterprises ended in positive territory after erasing an intraday loss of 35 per cent. Adani Ports and SEZ also ended 8 per cent higher. This is after a over $100-billion rout in value of group stock since the US short seller Hindenburg Research accused Adani group of stock manipulation and accounting fraud.

Aiming to be among the best by its 100th year in 2032: IAF chief

Aiming to be among the best by its 100th year in 2032: IAF chief

Rediff.com8 Oct 2023

In the current complex and dynamic strategic environment, refining the IAF's strategy, building robust capabilities and developing a flexible mindset to "prosecute future wars" will prove decisive, the chief of air staff said.

Survey pegs 2024 economic growth at 6.5%

Survey pegs 2024 economic growth at 6.5%

Rediff.com31 Jan 2023

India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said on Tuesday. India's gross domestic product (GDP) growth of 6.5 per cent in 2023-24 compares with an estimated 7 per cent expansion in current fiscal year (April 2022 to March 2023) and 8.7 per cent in the previous year. Like the rest of the world, India too faced an extraordinary set of challenges in tightening financial conditions and supply chain disruptions from a prolonged war in Europe but "withstood them better than most economies", the annual document detailing the state of the economy said.

AMAZING images from Beijing Winter Olympics

AMAZING images from Beijing Winter Olympics

Rediff.com15 Feb 2022

Here are some shots of top-class action from the Winter Games...

Economy poised to do better, says CEA Nageswaran

Economy poised to do better, says CEA Nageswaran

Rediff.com31 Jan 2023

Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds. "My optimism is that in the coming decade, rest of the decade, the potential GDP growth, without taking into account export potential, because global economy is still rife with uncertainty, the growth rate would be around 6.5 to 7 per cent, rather than between 6 per cent and 6.5 per cent," he said.

Ajay Banga will be a 'transformative leader': Biden

Ajay Banga will be a 'transformative leader': Biden

Rediff.com5 May 2023

Ajay Banga will be a 'transformative leader', who will bring expertise, experience, and innovation to the position of World Bank President, United States President Joe Biden has said after the top Indian-American business executive was confirmed as the new head of the international lender.

World rolls out mats to celebrate Yoga Day

World rolls out mats to celebrate Yoga Day

Rediff.com21 Jun 2023

Yoga was the mantra and asanas the discipline on Wednesday as millions across the globe and distant corners of India stretched for the skies and dived for their toes, breathed in and out -- mindfully -- and twisted and turned to celebrate the International Day of Yoga.

Investment bankers see 58% decline in earnings

Investment bankers see 58% decline in earnings

Rediff.com7 Apr 2022

Experts say companies wanting to launch IPOs will have to scale back their expectations given the fall in valuations.

Debt Funds An Attractive Option In 2023

Debt Funds An Attractive Option In 2023

Rediff.com16 Jan 2023

Besides high portfolio yield, investors may enjoy capital gains in debt funds in 2023 as bonds rally in anticipation of rate cuts.

Sachin, Sehwag to be back in action soon

Sachin, Sehwag to be back in action soon

Rediff.com1 Sep 2022

Sehwag, Gambhir to lead Gujarat Giants and India Capitals in LLC

Kite-Flying To Spymaster

Kite-Flying To Spymaster

Rediff.com5 Jul 2023

Ravi Sinha is described as "highly tech-savvy", and credited with infusing modern technology in the field of intelligence collection.

In Capital, Marx, Lenin at Durga's doorstep

In Capital, Marx, Lenin at Durga's doorstep

Rediff.com17 Oct 2007

The first of the stores in Delhi will be opened by Brinda Karat, the only Bengali politburo member of the party who is in Delhi during Puja, at Chittaranjan Park on October 17.

ITC reaps growth benefits from its green capital

ITC reaps growth benefits from its green capital

Rediff.com7 Dec 2009

Twelve years on, and an unspecified amount of investment, ITC's green initiatives labelled as sustainability goals have translated into 24 per cent total shareholder returns, measured in terms of increased market capitalisation and dividends, at a compounded rate of growth.

Sale of mid-segment homes overtakes affordable in India: Knight Frank

Sale of mid-segment homes overtakes affordable in India: Knight Frank

Rediff.com5 Jul 2023

The sale of mid-segment homes in India has overtaken affordable ones in the first half of calendar year (CY) 2023, a report released on Tuesday showed. It is despite the increase in residential prices in all the major cities in India. The share of premium homes has also gone up during the period.

Belgian teen youngest to fly solo around the world

Belgian teen youngest to fly solo around the world

Rediff.com25 Aug 2022

17-year-old Mack Rutherford landed at an airfield near the Bulgarian capital Sofia after flying 54,124 km (33,631 miles) and visiting more than 30 countries since he departed from the same site in his Shark Aero microlight airplane on March 23.

India's aviation sector likely to return to profit in FY24 on higher traffic, pricing

India's aviation sector likely to return to profit in FY24 on higher traffic, pricing

Rediff.com9 Mar 2023

India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.

1984 anti-Sikh riots mark one of the darkest yrs in modern India: US senator

1984 anti-Sikh riots mark one of the darkest yrs in modern India: US senator

Rediff.com2 Oct 2022

Toomey said he has personally witnessed the spirit of Sikhs and has come to better understand the Sikh tradition that is founded on equality, respect, and peace.

Budget 2023: Tax sops, fiscal consolidation, a tight rope walk for Sitharaman

Budget 2023: Tax sops, fiscal consolidation, a tight rope walk for Sitharaman

Rediff.com31 Jan 2023

Finance Minister Nirmala Sitharaman will have to do a tight-rope walk between staying fiscally prudent and general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy before general elections. Sitharaman will on Wednesday present her fifth straight Budget at a time when the economy is slowing due to global headwinds and specific sectors need attention. In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.

Why Anil Agarwal-owned Vedanta group companies face high debt risk

Why Anil Agarwal-owned Vedanta group companies face high debt risk

Rediff.com6 Jun 2023

Vedanta group chairman, Anil Agarwal, 69, is well known for his business journey from a scrap dealer from Bihar to a London-based globe-girdling metal and oil and gas conglomerate with revenues of $19 billion. Now his abilities to keep his group from over-leveraging itself will be put to the test. Over the years, Agarwal, now based in London, set up the conglomerate via acquiring iron ore producer Sesa Goa, Cairn's oil producing assets in India, and Electrosteel Steel.

Swiggy turns decacorn, company valued at $10.7 bn now

Swiggy turns decacorn, company valued at $10.7 bn now

Rediff.com24 Jan 2022

The latest round of funding values the company at $10.7 billion, almost doubling it from the $5.5 billion valuation during the $1.25 billion fund raise in July 2021 when investors including SoftBank, Prosus and Accel pumped in capital in what was the company's biggest funding since its inception. The other new investors in the latest round of funding include Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital, Swiggy said in a statement.

'Indian Stocks Will Continue To Outperform in 2023'

'Indian Stocks Will Continue To Outperform in 2023'

Rediff.com2 Feb 2023

'Investors should hold equity assets for 3 to 5 years.'

India ranks 2nd for global investment in digital shopping

India ranks 2nd for global investment in digital shopping

Rediff.com9 Mar 2022

India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from $8 billion in 2020 to $22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the US last year, which attracted $51 billion in investment, followed by China at third with $14 billion and the UK at fourth with $7 billion. Within India, Bengaluru comes out on top globally with $14 billion worth of Venture Capital (VC) investments in digital shopping in 2021, followed by Gurugram at No. 7 with $4 billion and Mumbai at No. 10 with $3 billion.

IAF plane evacuates around 80 Indians from Kabul

IAF plane evacuates around 80 Indians from Kabul

Rediff.com21 Aug 2021

The aircraft landed at Dushanbe in Tajikistan after evacuating the Indians, they said, adding the flight is expected to arrive at the Hindon airbase near Delhi in the evening.

'India are the good boys of the world'

'India are the good boys of the world'

Rediff.com23 Dec 2022

'People trust India and Indians a lot more than they trust China and the Chinese.'

'No worry': Punjab National Bank allays concerns about Adani group exposure

'No worry': Punjab National Bank allays concerns about Adani group exposure

Rediff.com31 Jan 2023

Punjab National Bank on Monday allayed concerns about its exposure to Adani companies and noted that its loans to the group are diversified into 8-9 companies, which are generating sufficient cash. Atul Kumar Goel, the bank's MD & CEO, in a post-earnings call said total exposure to Adani group, so far, stands at Rs 7,000 crore, of which Rs 2,500 crore is in the airport sector. He further said there is "no worry as the exposure is not very big" and that the bank is keeping an eye on the development that is taking place.

Google to axe 12,000 workers; CEO Pichai says 'sorry'

Google to axe 12,000 workers; CEO Pichai says 'sorry'

Rediff.com20 Jan 2023

Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said: "I have some difficult news to share. We've decided to reduce our workforce by approximately 12,000 roles." Pichai said the layoffs at Google were carried out after a "rigorous review" of its operations.

Fintech unicorn Razorpay's value jumps to $7.5 bn; up 7.5x in 15 months

Fintech unicorn Razorpay's value jumps to $7.5 bn; up 7.5x in 15 months

Rediff.com20 Dec 2021

Fintech unicorn Razorpay has raised $375 million in the Series F round of funding at a $7.5-billion valuation, making it India's second-most valuable start-up in this space, after Paytm. The company valuation has surged over seven times in 15 months, helping it push Walmart-owned digital payments firm PhonePe to the third spot on the country's most-valuable fintech list. Razorpay's latest round of fundraising was led by Lone Pine Capital, Alkeon Capital, and TCV.

Zawahiri killing: US cautions citizens travelling abroad

Zawahiri killing: US cautions citizens travelling abroad

Rediff.com3 Aug 2022

Following al-Zawahiri's death, supporters of al-Qaeda, or its affiliated terrorist organisations, may seek to attack US facilities, personnel, or citizens

Ready for virtual poll rallies, says BJP amid Omicron risk

Ready for virtual poll rallies, says BJP amid Omicron risk

Rediff.com29 Dec 2021

Union minister Gajendra Singh Shekhawat on Wednesday said the Bharatiya Janata Party is ready for virtual election rallies and the party will follow the Election Commission's guidelines.

'Hindenburg-Adani will become yesterday's news'

'Hindenburg-Adani will become yesterday's news'

Rediff.com3 Mar 2023

'The market will focus on the fact that India does have strong earnings growth this year.'

CNG and piped cooking gas prices hiked in Delhi

CNG and piped cooking gas prices hiked in Delhi

Rediff.com24 Mar 2022

After hike in rates of petrol, diesel and LPG, the prices of CNG and cooking gas piped to household kitchens (PNG) in the national capital were hiked on Thursday by Re 1. CNG price in NCT of Delhi has been increased to Rs 59.01 per kg from Rs 58.01, according to the information posted on the website of Indraprastha Gas Ltd - the firm which retails CNG and piped cooking gas in the national capital. This is the third increase in CNG rates this month, which follows a spike in input (natural gas) prices across the globe.

Embassy staff back, India to ensure safe return of all nationals from Afghanistan

Embassy staff back, India to ensure safe return of all nationals from Afghanistan

Rediff.com17 Aug 2021

India on Tuesday said the evacuation of its embassy staff from Kabul has been completed and the focus now would be to ensure the safe return of all Indian nationals from the Afghan capital in view of the prevailing situation in the country.

Uzbek syrup deaths: India begins probe, manufacturing halted

Uzbek syrup deaths: India begins probe, manufacturing halted

Rediff.com29 Dec 2022

Samples of the cough syrup have been taken from the manufacturing premises in Noida and sent to the Regional Drugs Testing Laboratory (RDTL) in Chandigarh for testing, Mandaviya said.

Gold, silver ETFs gain amid Russia-Ukraine tensions

Gold, silver ETFs gain amid Russia-Ukraine tensions

Rediff.com24 Mar 2022

The surge in volatility across the globe sparked by Russian invasion of Ukraine has led to an increase in prices of gold and silver - considered to be safe-haven investment bets. In the past month, silver funds have delivered returns of 7.34 per cent, while gold funds on an average have risen around 6 per cent. In comparison, the benchmark Nifty has declined 4 per cent. Fund managers say precious commodities act as a good hedge against inflation and phases of geopolitical uncertainty.