News for 'India Business Unit'

Expect India to strike first trade pact: US Treasury Secy Scott Bessent

Expect India to strike first trade pact: US Treasury Secy Scott Bessent

Rediff.com25 Apr 2025

As in-person negotiations between India and the US kickstarted on Wednesday, Treasury Secretary Scott Bessent said he expected India to strike the first bilateral trade deal to avert President Donald Trump's reciprocal tariffs.

DLF Returns to Mumbai with 800 Crore Bet

DLF Returns to Mumbai with 800 Crore Bet

Rediff.com18 Jul 2025

'The market today is different -- more mature and conducive. As a national player, you can't not be in Mumbai. And competition is always good.'

'Cinema's Greatest Challenge Is Reels'

'Cinema's Greatest Challenge Is Reels'

Rediff.com5 Aug 2025

'I don't know how long cinema will survive.'

CBI brings back 'meow meow' kingpin from UAE

CBI brings back 'meow meow' kingpin from UAE

Rediff.com11 Jul 2025

An alleged synthetic narcotics producer, Kubbawala Mustafa, wanted on an Interpol Red Notice, was deported to India from the UAE in an operation coordinated by the CBI and Mumbai police.

TaMo eyes 40% CV, 16% PV market share

TaMo eyes 40% CV, 16% PV market share

Rediff.com17 Jun 2025

Tata Motors (TaMo) is aiming to gain market share across its passenger vehicle (PV) and commercial vehicle (CV) businesses - targeting a 40 per cent share in CVs and a 16 per cent share in PVs by 2027. Meanwhile, it has already achieved earnings before interest, tax, depreciation, and amortisation (Ebitda) breakeven in its electric vehicle (EV) business at 1.2 per cent (up 830 basis points), ahead of its target of 2025-26 (FY26).

Real estate giant DLF aims to launch Mumbai project by next quarter

Real estate giant DLF aims to launch Mumbai project by next quarter

Rediff.com19 Jun 2025

DLF will officially launch its Mumbai housing project in the next quarter as the company has received the RERA approval a day before, while the real estate major sold out all 1,164 units in its luxury residential project Privana North securing Rs 11,000 crore revenue, DLF Homes joint managing director and chief business officer Aakash Ohri said.

Why Students Are Pausing US Plans

Why Students Are Pausing US Plans

Rediff.com14 Jul 2025

Many students are now looking at opportunities in the UK, Australia, and Singapore due to lower cost of living and less interference from the government.

India Strikes At Pakistan Airbases

India Strikes At Pakistan Airbases

Rediff.com10 May 2025

Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.

Majority of iPhones sold in US will be made in India: Tim Cook

Majority of iPhones sold in US will be made in India: Tim Cook

Rediff.com2 May 2025

Apple will source the majority of the iPhone sold in the US from India in the June quarter while China will produce the vast majority of the devices for other markets amid uncertainty over tax tariffs, a top official said on Friday.

Temasek gets CCI nod to buy minority stake in Haldiram

Temasek gets CCI nod to buy minority stake in Haldiram

Rediff.com20 May 2025

The Competition Commission of India on Tuesday approved Singapore's Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company.

India Pauses WTO Move in US Trade Talks

India Pauses WTO Move in US Trade Talks

Rediff.com14 Apr 2025

This is the first case involving India and the US at the WTO after both sides decided to withdraw all seven pending cases at the WTO during the Biden administration.

Why BJP Wants JMM To Contest Bihar Polls

Why BJP Wants JMM To Contest Bihar Polls

Rediff.com28 Jul 2025

'It is good for us if the JMM contests. That will divide the Opposition and give us the upper hand.'

SBI@70: Who Says The Elephant Can't Dance?

SBI@70: Who Says The Elephant Can't Dance?

Rediff.com7 Jul 2025

While a giant, it's a nimble-footed one, and is growing at a speed that even some of its private sector peers find enviable.
Between FY18 and FY24, it doubled its balance sheet. Despite being a late entrant in some segments, it has been able to grab market share, observes Tamal Bandyopadhyay.

How PM Mudra Loans Are Reshaping India's Economy

How PM Mudra Loans Are Reshaping India's Economy

Rediff.com16 Apr 2025

By democratising access to finance, empowering women and marginalised groups, and adapting to India's diverse regional landscapes, PMMY has helped fortify the country's grassroots growth engines, says Chief Economic Advisor to the Government of India, V Anantha Nageswaran.

Shubhanshu adjusting to life on Earth, says father

Shubhanshu adjusting to life on Earth, says father

Rediff.com17 Jul 2025

Group Captain Shubhanshu Shukla, the Indian astronaut who along with three others returned recently from a successful space mission, is in Houston in the United States, as he readjusts to life on Earth, his father said on Thursday.

If Your Mutual Fund Shuts, Is Your Money Safe?

If Your Mutual Fund Shuts, Is Your Money Safe?

Rediff.com16 Jul 2025

Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

Emission Norms Battle Hots Up: M&M Counters Maruti Suzuki

Emission Norms Battle Hots Up: M&M Counters Maruti Suzuki

Rediff.com21 Jul 2025

The growing rift between MSIL and rival automakers has complicated the government's efforts to finalise the CAFE norms.

India draws up blueprint to reduce US trade surplus

India draws up blueprint to reduce US trade surplus

Rediff.com28 Apr 2025

India's major imports from the US include crude oil and petroleum products, gold and jewellery, plastics, aircraft, and electrical machinery and components. The key exports to the US comprise pharmaceuticals and biologicals, telecom equipment, precious and semi-precious stones, petroleum products, gold and precious metal jewellery, and ready-made garments.

UK confers Honorary Knighthood to Tata Group Chief N Chandrasekaran

UK confers Honorary Knighthood to Tata Group Chief N Chandrasekaran

Rediff.com14 Feb 2025

Tata Sons chairman N Chandrasekaran has been conferred Honorary Knighthood by the United Kingdom for his services to the UK-India business relations, the group said on Friday. He has been conferred "The Most Excellent Order of the British Empire (Civil Division) - honorary DBE/KBE".

'India deserved it', said Rana; wanted award for 26/11 attackers

'India deserved it', said Rana; wanted award for 26/11 attackers

Rediff.com11 Apr 2025

Tahawwur Rana, a Canadian citizen and native of Pakistan, was extradited to India to face charges related to his alleged role in the 2008 Mumbai terror attacks. The US Department of Justice said Rana allegedly commended the LeT terrorists who carried out the attacks and suggested they should be awarded Pakistan's highest gallantry award. Rana is accused of facilitating a fraudulent cover for his childhood friend, David Headley, to conduct surveillance in Mumbai for the Lashkar-e-Taiba (LeT) terrorist group. He is also accused of helping Headley submit false visa applications to Indian authorities. This extradition follows a lengthy legal process that began in 2020 with India's request for Rana's surrender. Rana, who was previously convicted in the US for providing material support to LeT, will now face trial in India on 10 criminal charges related to the Mumbai attacks.

Vibe Coding's Challenge For India's IT Cos

Vibe Coding's Challenge For India's IT Cos

Rediff.com14 May 2025

'Could the impending new crisis, vibe coding, similarly create not a disaster like what befell Indian handlooms during the Industrial Revolution but another opportunity like what the Y2K crisis created?' asks Ajit Balakrishnan.

Oppn raises Pahalgam, Trump's remarks, Bihar SIR in session eve meet

Oppn raises Pahalgam, Trump's remarks, Bihar SIR in session eve meet

Rediff.com21 Jul 2025

At the customary meeting ahead of the session beginning Monday, the opposition raised various issues, including voter roll revision in Bihar, the Pahalgam terror attack and Trump's 'ceasefire' claims.

Pak gets $1 bn IMF loan despite India's strong objection

Pak gets $1 bn IMF loan despite India's strong objection

Rediff.com10 May 2025

India registered its protest at the board of IMF, which met on Friday to review the EFF lending programme for Pakistan.

Will US Host India-Pakistan Talks In Washington?

Will US Host India-Pakistan Talks In Washington?

Rediff.com15 May 2025

Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.

Passenger vehicle retail sales dip 3% in May as demand softens: FADA

Passenger vehicle retail sales dip 3% in May as demand softens: FADA

Rediff.com6 Jun 2025

Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said on Friday. The passenger vehicle registrations last month stood at 302,214 units, as compared to 311,908 units in May 2024.

Automatic cars key to Skoda's plan to double sales

Automatic cars key to Skoda's plan to double sales

Rediff.com30 Jun 2025

Skoda India sees growth in automatics and network expansion as key drivers to reach 3 per cent market share, with EV plans and a new SUV also in the works.

Trump says it for 5th time: 'I brokered India-Pakistan peace'

Trump says it for 5th time: 'I brokered India-Pakistan peace'

Rediff.com14 May 2025

US President Donald Trump has repeated his claim that Washington got involved with India and Pakistan, saying he didn't like what was happening and that he did a good job as he convinced the two countries to let's have peace and let's go and make trade deals.

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Rediff.com21 Jun 2025

Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.

Why BMW India hopes to buck the trend of low sales in 2025

Why BMW India hopes to buck the trend of low sales in 2025

Rediff.com14 Apr 2025

While sedan sales have declined in the mass-market segment in recent years, demand remains strong for BMW sedans, which account for 45 per cent of its sales in India.

Did You Know What Defence Ministry Did This Year?

Did You Know What Defence Ministry Did This Year?

Rediff.com20 Jun 2025

India fully utilised its military modernisation budget in 2024-2025 -- the first time in five years -- and signed a record Rs 2 trillion defence contracts.

Ultraviolette Unveils 2 e-bikes in Paris, opens gateway to EU

Ultraviolette Unveils 2 e-bikes in Paris, opens gateway to EU

Rediff.com19 Jun 2025

The company is targeting countries like Germany, Italy, France, Spain, Portugal, and the UK which account for over 70 per cent of Europe's two-wheeler volumes.

India imposes its own 'uniquely burdensome' rules: US

India imposes its own 'uniquely burdensome' rules: US

Rediff.com3 Apr 2025

On India, the chart showed that the country charged 52 per cent tariffs on the US "including currency manipulation and trade barriers," and America will now charge India "discounted reciprocal tariffs" of 26 per cent.

Reliance to acquire Metro AG's India business for Rs 2,850 crore

Reliance to acquire Metro AG's India business for Rs 2,850 crore

Rediff.com22 Dec 2022

Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.

Somebody is finally exposing them: Trump attacks India

Somebody is finally exposing them: Trump attacks India

Rediff.com8 Mar 2025

United States President Donald Trump attacked India's tariffs regime, saying it is next to impossible to sell anything to India because of the 'high tariffs'.

'Trump Has No Enemies. He Has No Friends'

'Trump Has No Enemies. He Has No Friends'

Rediff.com17 May 2025

'In the Indian government there are no illusions about the United States reliability or the possibility of having any kind of preferential treatment from Washington when it comes to trade.'

No disruption in ops due to rare earth magnet shortage: Maruti

No disruption in ops due to rare earth magnet shortage: Maruti

Rediff.com13 Jun 2025

Maruti Suzuki India (MSIL) said on Thursday its operations are unaffected by the global rare earth magnet shortage, but added that the situation is "uncertain and evolving". The firm said it is exploring multiple solutions to maintain continuity in operations and will notify stakeholders in case of material impact.

Startups: 'India Is In A Golden Age'

Startups: 'India Is In A Golden Age'

Rediff.com3 Mar 2025

'The conversation is no longer just about securing funds or acquiring customers but about the long-term value of customers.'

Pakistan staring at another military coup?

Pakistan staring at another military coup?

Rediff.com16 Jul 2025

Speculation swirls in Pakistan regarding potential changes in the political landscape, fueled by rumors of the army chief's possible presidential aspirations and discussions between top civilian and military leaders.

UNSC likely to meet soon to discuss India-Pak tensions

UNSC likely to meet soon to discuss India-Pak tensions

Rediff.com2 May 2025

The UN Security Council could meet soon to discuss the situation between India and Pakistan, with the UNSC President expressing concern over rising tensions between the nuclear-armed neighbors. The President, Ambassador Evangelos Sekeris of Greece, said a meeting would provide an opportunity to express views and help diffuse tensions. Sekeris also condemned terrorism in all its forms, including the recent attack in Pahalgam, and called for de-escalation and dialogue between India and Pakistan.