News for 'Group Management Board'

SC forms task force to devise safety protocol for medics

SC forms task force to devise safety protocol for medics

Rediff.com20 Aug 2024

Observing that working conditions have made doctors and health professionals susceptible to violence, the Supreme Court on Tuesday constituted a 10-member task force to formulate a national protocol for ensuring safety and facilities for them in the wake of the rape and murder of a medic in Kolkata.

Trade on road to recovery but Indian firms tread cautiously

Trade on road to recovery but Indian firms tread cautiously

Rediff.com12 Oct 2024

Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.

Who will be Pakistan's new captain?

Who will be Pakistan's new captain?

Rediff.com2 Oct 2024

Babar Azam announced that he will be stepping down as the white-ball captain of the Pakistan cricket team, wicketkeeper-batter Mohammad Rizwan is likely to take his place

Here's why Shaheen Afridi had 'heated argument' with coach

Here's why Shaheen Afridi had 'heated argument' with coach

Rediff.com12 Jul 2024

Sources informed Geo News that Shaheen and Yousuf exchanged heated words, but later, the pacer apologised to him.

Sebi Has Strong Case Against Hindenburg

Sebi Has Strong Case Against Hindenburg

Rediff.com4 Jul 2024

If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.

The Man Who Saw Tomorrow

The Man Who Saw Tomorrow

Rediff.com21 Oct 2024

Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.

TCS Q2 net profit up 4.99% to Rs 11,909 cr

TCS Q2 net profit up 4.99% to Rs 11,909 cr

Rediff.com10 Oct 2024

India's largest IT services firm TCS on Thursday reported a 4.99 per cent increase in its September quarter net profit at Rs 11,909 crore. The Tata Group company had reported a net profit of Rs 11,342 crore in the year-ago period, while in the preceding quarter, it had a post tax net of Rs 12,040 crore, a company filing said.

Major changes unlikely in Pakistan despite T20 WC flop

Major changes unlikely in Pakistan despite T20 WC flop

Rediff.com3 Jul 2024

Naqvi previously mentioned that a "major surgery" was required in the team after Pakistan's defeat to India

Fema tweaks on the cards to allow FPIs to seamlessly access FDI route

Fema tweaks on the cards to allow FPIs to seamlessly access FDI route

Rediff.com31 Aug 2024

The government is planning to introduce legislative changes to the Foreign Exchange Management Act (Fema) regulations, with a focus on easing the pathway for inflows from a foreign portfolio investor to transition seamlessly into foreign direct investments (FDI) once the FPI surpasses the 10 per cent ownership threshold in a company. This move stems from multiple requests by foreign investors seeking to streamline the reporting requirements that arise when their stakes in Indian firms cross the 10 per cent mark.

Delhi Capitals part ways with Ponting after seven seasons

Delhi Capitals part ways with Ponting after seven seasons

Rediff.com13 Jul 2024

Delhi Capitals remove Ponting from head coach's post, Ganguly could assume new role

Did Sumit Nagal deliberately miss Davis Cup tie?

Did Sumit Nagal deliberately miss Davis Cup tie?

Rediff.com17 Sep 2024

The All India Tennis Association (AITA) on Tuesday suggested that the country's top player Sumit Nagal perhaps deliberately missed the Davis Cup tie against Sweden last week

Can Kirsten turn around Pakistan's fortunes?

Can Kirsten turn around Pakistan's fortunes?

Rediff.com9 Jul 2024

Kirsten had warned senior pros in the side following the team's loss to the USA and India to adapt to new skill-sets and improve their game awareness, or get left behind.

JD-U among NDA allies back Waqf Amendment Bill, say not anti-Muslim

JD-U among NDA allies back Waqf Amendment Bill, say not anti-Muslim

Rediff.com8 Aug 2024

The TDP and the LJP also supported the Bill being sent to a parliamentary committee for further examination.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

Investing in IPOs? Read this

Investing in IPOs? Read this

Rediff.com18 Sep 2024

IPOs inherently carry more risks than stocks that have been listed on the exchanges for some time.

'Targetted' Babar to take legal action against former players

'Targetted' Babar to take legal action against former players

Rediff.com22 Jun 2024

It was also reported that evidence related to statements made by YouTubers and former cricketers is being collected by the Pakistan Cricket Board's legal department.

20 Indians still on ship week after US bridge collapse

20 Indians still on ship week after US bridge collapse

Rediff.com2 Apr 2024

On how long the crew would have to stay on board the ship, the spokesperson said, "At this time, we do not know how long the investigation process will take and until that process is complete, the crew will remain on board."

'Jobs Have Evolved, Skill Sets Haven't'

'Jobs Have Evolved, Skill Sets Haven't'

Rediff.com29 Aug 2024

'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'

'Looking to expand international business'

'Looking to expand international business'

Rediff.com25 Sep 2024

'It is difficult to write business internationally, without an 'A-' rating. It becomes more expensive.'

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Rediff.com26 Sep 2024

Stock exchanges have intensified vigil on Small and Medium Enterprise (SME) listings by mandating more comprehensive financial disclosures and enhanced monitoring of utilisation of issue proceeds from investment bankers, amid rising instances of dubious practices. Bourses - responsible for vetting initial public offering (IPO) documents and granting approvals to SMEs - have tightened norms in recent weeks with further measures planned for new filings to safeguard investor interests, sources said.

Sebi bans Vijay Mallya from securities market for 3 years

Sebi bans Vijay Mallya from securities market for 3 years

Rediff.com26 Jul 2024

Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the Indian securities market using overseas bank accounts with UBS AG. The Indian government has been attempting to extradite Mallya from the United Kingdom to face fraud charges related to his now-defunct company Kingfisher Airlines. Mallya has been living in the United Kingdom since March 2016.

Qwik Supply 3rd biggest electoral bond buyer; RIL says not ours

Qwik Supply 3rd biggest electoral bond buyer; RIL says not ours

Rediff.com15 Mar 2024

It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.

'We Have An Indian Tiger That Needs To Be Uncaged'

'We Have An Indian Tiger That Needs To Be Uncaged'

Rediff.com10 Oct 2024

'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'

'An Army To Shake Up The World Of Chess'

'An Army To Shake Up The World Of Chess'

Rediff.com16 Oct 2024

'It is not just D Gukesh, Arjun Erigaisi, Praggnanandhaa and Vidit Gujrathi.' 'There are another 20 players just behind them. Nobody imagined this was possible 5 years ago.'

Bids Between Rs 2 Tn-Rs 3 Tn For This Week's 4 IPOs

Bids Between Rs 2 Tn-Rs 3 Tn For This Week's 4 IPOs

Rediff.com10 Sep 2024

'There is no irrational exuberance when it comes to mainboard IPOs.' 'Most issues are by good quality businesses.'

Adani group is 'deeply overleveraged', warns CreditSights

Adani group is 'deeply overleveraged', warns CreditSights

Rediff.com23 Aug 2022

Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said on Tuesday. In a report titled 'Adani Group: Deeply Overleveraged', CreditSights said, "In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation or default of one or more group companies." Starting out as a commodities trader in the late 1980s, the Adani group has diversified from mines, ports and power plants into airports, data centers and defence.

How Indian students boarded a train out of Kyiv

How Indian students boarded a train out of Kyiv

Rediff.com1 Mar 2022

"We realised no one is going to come to help us and it is up to us now," 20-year-old Ashna Pandita told PTI over the phone as the train took them to the western city of Ukraine, about 80 km from the Poland border, where the fighting has been relatively less.

Qwik Supply with RIL links donated Rs 385 cr to BJP, Rs 25 cr to Shiv Sena

Qwik Supply with RIL links donated Rs 385 cr to BJP, Rs 25 cr to Shiv Sena

Rediff.com22 Mar 2024

Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP.

Godrej split: Who gets to keep what

Godrej split: Who gets to keep what

Rediff.com1 May 2024

Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities - one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.

New twist to Hindenberg-Adani drama

New twist to Hindenberg-Adani drama

Rediff.com7 Jul 2024

US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.

Iconic TVS group families start restructuring businesses

Iconic TVS group families start restructuring businesses

Rediff.com12 Feb 2022

As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.

Ambani unveils growth roadmap for Reliance

Ambani unveils growth roadmap for Reliance

Rediff.com29 Aug 2024

Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.

T20 WC: 'We beat Australia at last! Great achievement for Afghan cricket'

T20 WC: 'We beat Australia at last! Great achievement for Afghan cricket'

Rediff.com23 Jun 2024

Afghanistan registered a stunning 21-run win for their first ever victory against Australia in international cricket.

ITC's hotel demerger plan gets CCI nod

ITC's hotel demerger plan gets CCI nod

Rediff.com28 May 2024

Fair trade regulator CCI on Tuesday said it has approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity, will be listed on the stock exchanges. The proposed combination relates to the demerger of the demerged undertaking to ITC's wholly-owned newly incorporated subsidiary, ITC Hotels.

Hasaranga: Pitches not an excuse for Sri Lanka's exit

Hasaranga: Pitches not an excuse for Sri Lanka's exit

Rediff.com17 Jun 2024

Sri Lankan skipper Wanindu Hasaranga admitted his team's shortcomings led to their early exit from the T20 World Cup 2024, despite a convincing win over Netherlands in their final group stage match.

Post Sebi notice, Hindenberg hauls up Kotak's offshore fund

Post Sebi notice, Hindenberg hauls up Kotak's offshore fund

Rediff.com2 Jul 2024

Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.

India Needs A National Security Strategy

India Needs A National Security Strategy

Rediff.com4 Oct 2024

The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).

Payout to top NBFC execs on RBI radar

Payout to top NBFC execs on RBI radar

Rediff.com5 Jul 2024

Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank of India's (RBI's) circular of April 29, 2022, which asked NBFCs in the "middle" and "upper" layer of its four-tiered scale-based regulatory (SBR) framework to put in place a board-approved compensation policy.

'On Track For Best-Ever IPO Year In India'

'On Track For Best-Ever IPO Year In India'

Rediff.com10 Sep 2024

During the first eight months of CY24, 50 IPOs mobilised Rs 53,453 crore.

Godrej Split Handled With Admirable Dignity

Godrej Split Handled With Admirable Dignity

Rediff.com2 May 2024

'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'