Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
Neither the foreign exchange, nor the gold, and certainly not the revaluation reserve should be available for spending by anyone. he revaluation account is simply not money. It is simply an accounting entry, says Rashmin C Sanghvi.
Amazon has committed over $5 billion to grow its business in India so far and says it will pump in more capital as and when needed, a big worry for rival Flipkart which has been struggling to raise funds over the past couple of months.
Indians are using their cell phonessome 300 million have subscriptions, vs. only 30 million PCsas a "one-stop shop" for everything from e-mailing to banking
Intensifying competition and possibility of further legal action to test expectations of recovery.
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday said it has no intention to sell a part of its stake in Petronet LNG Ltd and Indraprastha Gas Ltd (IGL) to help its new owner avoid making an open offer for the two gas companies. BPCL holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
The IPL has the potential to make cricketers among the best paid athletes in the world if you look at what they will earn per hour.change that.
"No problem is insurmountable," Shaheen Mistri tells Anjuli Bhargava.
If you use customised cards that suit your lifestyle needs, you could also end up availing of a variety of deals, rewards, and discounts.
Rediff reader Eakanath Bandu Lote, 40 from Mumbai tells us how much his life has changed since his first salary.
'To all the MBAs that burn the candle at both ends, travel half-a-million miles every year, and spend little or no quality time with their families, the rise to riches of Mr Bikhchandani and Mr Banga, should be true inspiration,' notes Sandeep Goyal.
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
Check out some of the stocks that will react on the basis of their numbers in the near term.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
FY17 GDP growth faces cash crunch heat
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
The global spend on business process outsourcing is estimated to be $234 billion in 2005 while the global human resources outsourcing (a comparatively new phenomenon) size is estimated at $ 67 billion, which is 29 per cent of the global BPO pie.
India's second-largest telecom firm Bharti Airtel on Tuesday reported a net profit of Rs 1,134 crore for the September 2021 quarter, and said it is witnessing strong business momentum with growth in 4G customers and increase in mobile ARPU. This is against a loss (attributable to owners of the parent) of 763.2 crore during the year-ago quarter, the company said in a statement. Its consolidated revenues for the second quarter of FY21 stood at Rs 28,326.4 crore, up 18.8 per cent year-on-year (on a comparable basis) and 13 per cent y-o-y on a reported basis, it added.
Mr Modi should be conscious that it was his choice to slash the number of tax-payers from 60 million to 15 million, notes T N Ninan.
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
Stretched valuations and slowdown in DII flows are some of the reasons why Goldman Sachs cut its India rating to 'market-weight'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Mid- and small-cap companies seem to have done better than top-tier companies
'It's tough going -- we get to play cricket, (so) we can't complain too much -- but in terms of wellbeing of players, staff and officials, how long can you stay in hubs for?'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Former Union minister and Jammu and Kashmir governor Jagmohan, whose tough measures as an administrator in various roles won him many admirers but also drew criticism from some quarters, passed away following a spell of illness. He was 93.
'It's little things like these -- sharing medicines, consoling each other after a mulaqat (meeting) or a tearful phone conversation with your loved ones or when we would return, dejected, when our bails were rejected -- that made our time in jail bearable.'
Lack of political consensus on economic reforms a key concern.
Around 70 companies have received IPO clearance from markets regulator Sebi, but are waiting for election results.
The journey of getting used to a new way of life -- without domestic help, without the necessity of dressing up to step out and just staying cooped up indoors -- has been out of the ordinary, equal parts good, bad and ugly.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'Indians are great savers, but they are lousy investors.'
'When you forgive a farmer's loans there is this ideological economists lobby which says: 'That's socialism. And that's bad'.' 'But to forgive the loans of big people, so that they will be interested to invest further is capitalism and is good.'
'The biggest challenge and the one that needs immediate attention is massive shortcoming of jobs, leading to rampant migration from the state (almost 4 million Odias migrated!). 'This forces them to work in abysmal and inhumane working conditions.' 'Some are fortunate to come back alive, while some return in coffins.'
The profit boost for studios will in large part be driven by the rush for local-language content from platforms like Netflix Inc
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
'Some VIP or minister should come to the ward and see how people are suffering.' 'The pain and suffering of the relatives of the patients who are admitted; let them hear their desperate pleas for medicines and oxygen and ventilators and ICU beds; the cries of the kith and kin of doctors and nurses who are being eaten by the pandemic.'
