News for 'International Business Times'

Canada's move on visa program to hit Indian students

Canada's move on visa program to hit Indian students

Rediff.com9 Nov 2024

The processing time for students applying under the Student Direct Stream (SDS) was significantly shorter and approval rates higher, something that will change after Canada ended the scheme on Friday.

Young Indian Leaders Shine at WEF 2025

Young Indian Leaders Shine at WEF 2025

Rediff.com23 Jan 2025

Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.

PIX: Bayern Munich crush Frankfurt; Real Madrid ease to victory

PIX: Bayern Munich crush Frankfurt; Real Madrid ease to victory

Rediff.com24 Feb 2025

Bundesliga leaders Bayern Munich powered past third-placed Eintracht Frankfurt 4-0 with an impressive display of high-pressing football on Sunday.

After The Oval Office Fracas, What Next For Ukraine?

After The Oval Office Fracas, What Next For Ukraine?

Rediff.com3 Mar 2025

Trump knows by now that the western narrative of Biden's war is a load of bullshit peppered with falsehoods and outright lies, and that the war erupted only out of the diabolic western plot to poke the bear, which got provoked finally and hit out, explains Ambassador M K Bhadrakumar.

Trump's Disruptions: Blessing In Disguise

Trump's Disruptions: Blessing In Disguise

Rediff.com13 Feb 2025

We must bring a laser focus on our own interests, and define our friends and foes more clearly instead of trying to live by somebody else's rules. We must grow up, think for ourselves, think India First, asserts R Jagannathan.

'Global barriers to trade are increasing'

'Global barriers to trade are increasing'

Rediff.com6 Feb 2025

'The steel industry expects the government to decide on safeguard measures from dumping post-Budget'

Soros connection? US lawmaker challenges Adani probe

Soros connection? US lawmaker challenges Adani probe

Rediff.com8 Jan 2025

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.

America mourns: 'Ratan Tata drove India to prosperity'

America mourns: 'Ratan Tata drove India to prosperity'

Rediff.com10 Oct 2024

The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. "My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India.

From Alps To Underwater Vows, Weddings Turn Extravagant & Unique

From Alps To Underwater Vows, Weddings Turn Extravagant & Unique

Rediff.com4 Mar 2025

There's clearly no limit to how dramatic a wedding can be.

'EVs are the only way to decarbonise'

'EVs are the only way to decarbonise'

Rediff.com24 Jan 2025

About 99,165 electric cars were sold in India in 2024, but electric car penetration -- share of electric car sales in total sales -- was just about 2.5 per cent.

Lack of bite in United's attack worries Amorim

Lack of bite in United's attack worries Amorim

Rediff.com18 Jan 2025

Arsenal's Arteta wary of old foe Villa

How AI is shaping the future of fashion e-commerce

How AI is shaping the future of fashion e-commerce

Rediff.com17 Dec 2024

'We have reached 70 million monthly active users during this festival season, which is another great milestone for us.'

Trump's reciprocal tariffs and WTO rules: An explainer

Trump's reciprocal tariffs and WTO rules: An explainer

Rediff.com15 Feb 2025

American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12.

Hotel Rates Hit Record High In '24

Hotel Rates Hit Record High In '24

Rediff.com19 Dec 2024

Driven by a boom in domestic tourism, a record number of weddings in November and December, and a surge in extended weekend vacations.

New Income Tax Bill: What YOU Must KNOW

New Income Tax Bill: What YOU Must KNOW

Rediff.com1 Feb 2025

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.

'Rural demand for FMCG would come up in next quarter'

'Rural demand for FMCG would come up in next quarter'

Rediff.com15 Jun 2024

'We are seeing signs of improvement in rural overall in terms of demand, but I would still keep my fingers crossed.'

'RBI has a tough balancing act to do'

'RBI has a tough balancing act to do'

Rediff.com1 Jan 2025

'Inflation is not good for industry. Nor for the economy as a whole.'

A Formula For Start Up Success

A Formula For Start Up Success

Rediff.com10 Jan 2025

'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'

Banks get 8 months to effect TCS on international credit card spend

Banks get 8 months to effect TCS on international credit card spend

Rediff.com31 Jul 2023

The central government has given banks and credit card entities six to eight months to put in place the requisite reporting mechanism and related features to collect tax at source on international credit card transactions, a senior bureaucrat told Business Standard. According to the bureaucrat, the plan to bring overseas credit cards under the Liberalised Remittance Scheme (LRS) has not been mothballed and is simply being deferred so that banks get adequate time to get the system up and running. The official expects the reporting mechanism to be ready in the given time, and the rule could be implemented in the next financial year (2024-25, or FY25).

Biryani seller held for sexually assaulting Anna University girl

Biryani seller held for sexually assaulting Anna University girl

Rediff.com25 Dec 2024

An Anna University girl student was allegedly sexually assaulted and a 37-year old man, who sells biryani on the pavement, has been arrested for the crime, police said on Wednesday.

Cyberfraud Thrives On Fear!

Cyberfraud Thrives On Fear!

Rediff.com29 Jan 2025

The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.

26/11: 'Rana Will Tell Us About ISI's Role'

26/11: 'Rana Will Tell Us About ISI's Role'

Rediff.com5 Feb 2025

'He is the key to unravel the 26/11 conspiracy.'

Rosneft inks record oil supply deal with RIL

Rosneft inks record oil supply deal with RIL

Rediff.com13 Dec 2024

Russia's state-owned oil firm Rosneft has agreed to supply up to 500,000 barrels per day (bpd) of crude oil to Indian upstream oil and gas major Reliance Industries (RIL) in the largest-ever energy deal between the two countries, Reuters reported on Thursday. The 10-year agreement amounts to 0.5 per cent of global oil supply and is valued at roughly $13 billion per year at current prices, it said.

Sunny skies await Indian aviation?

Sunny skies await Indian aviation?

Rediff.com23 Dec 2024

The trails of mega-mergers, tailwinds of expanding fleets, flights and airports will dot the fast-growing Indian aviation firmament in 2025, though the dark clouds of supply chain woes will persist longer. Also, new airline takeoffs, the future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar.

Will Trump's Tariffs Threat Bite India?

Will Trump's Tariffs Threat Bite India?

Rediff.com9 Dec 2024

The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.

'No Plan To Phase Out Old I-T Regime'

'No Plan To Phase Out Old I-T Regime'

Rediff.com3 Feb 2025

'Going forward, the encouragement would be to move to the new tax regime.'

Growth Or Inflation? What Will RBI Gov Tackle?

Growth Or Inflation? What Will RBI Gov Tackle?

Rediff.com11 Dec 2024

Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.

Samsung loses ground to Apple in premium smartphone mkt

Samsung loses ground to Apple in premium smartphone mkt

Rediff.com15 Nov 2024

Samsung is losing the race in India's premium smartphone market as rival Apple continues to increase its dominance in the segment, driven by robust iPhone sales and festival season discounts. Shortly after Apple CEO Tim Cook announced an all-time revenue record in India yet again for the September quarter, the company recorded its best-ever quarter of shipments at four million units in the third quarter of calendar year 2024 (Q3CY24), led by the iPhone 15 and iPhone 13, according to a report by the International Data Corporation (IDC).

Bajaj Rises to Top in E-scooters With Low-cost Strategy: Can it Stay There?

Bajaj Rises to Top in E-scooters With Low-cost Strategy: Can it Stay There?

Rediff.com8 Jan 2025

The two-wheeler giant had only 14 per cent of the electric two-wheeler market in May this year, but its 26.8 per cent in December

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Rediff.com29 Sep 2023

Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.

Vedanta slumps from Sept 30 peak: Is it a good entry point?

Vedanta slumps from Sept 30 peak: Is it a good entry point?

Rediff.com22 Nov 2024

After climbing to a record high of Rs 523 on September 30, shares of commodity major Vedanta have come off over 15 per cent amid a fall in the overall markets. The Anil Agarwal-led firm's latest slump comes after its stock price doubled over the past one year. Is it a blip or a trend reversal?

Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year

Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year

Rediff.com7 Nov 2024

Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.

Govt's pace of work tripled in 3rd term: President Murmu

Govt's pace of work tripled in 3rd term: President Murmu

Rediff.com31 Jan 2025

President Droupadi Murmu addressed both Houses of Parliament, highlighting the government's achievements in various sectors, including economic growth, social welfare, and infrastructure development. She emphasized the government's efforts to lift the economy out of "policy paralysis" and create a more inclusive society. Murmu also acknowledged the challenges posed by digital fraud and cybercrime and stressed the need for a social infrastructure revolution. The President's speech is considered a policy statement, outlining the government's vision and roadmap for the future.

Why Have Focused Funds Pulled Out Rs 27 Billion?

Why Have Focused Funds Pulled Out Rs 27 Billion?

Rediff.com16 Aug 2024

The outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations.

He Wants To Set Up Fuel Stations In Space!

He Wants To Set Up Fuel Stations In Space!

Rediff.com20 Feb 2025

'It is our duty to keep space sustainable and free of debris.'

India submits 'Letter of Intent' to host 2036 Olympics

India submits 'Letter of Intent' to host 2036 Olympics

Rediff.com5 Nov 2024

India face competition from Saudi Arabia, Qatar and Turkey, who are positioning themselves as strong contenders to host the 2036 Olympics.

'30-40% Of H-1B Visas Cornered By Staffing Companies'

'30-40% Of H-1B Visas Cornered By Staffing Companies'

Rediff.com20 Jan 2025

'If the Trump administration decides to put guardrails on H-1B visas, that will surely impact both US and Indian firms.'

The Girl Who Made A Huge Splash In 2024

The Girl Who Made A Huge Splash In 2024

Rediff.com2 Jan 2025

'Konkona just walked up, and both of us froze. She was tearing up, and I was like this is unbelievable.' 'We had Tannishtha Chatterjee, Divya Dutta, Rasika Dugal, Dia Mirza... women I've idolised.'

'Carrefour looking to export from India in next 5 years'

'Carrefour looking to export from India in next 5 years'

Rediff.com12 Oct 2024

'All competitors are sourcing within the country, so we'll be at the same level of competition.'

Ford Motor in talks with TN to restart production

Ford Motor in talks with TN to restart production

Rediff.com12 Sep 2024

Two years after winding up its India production, global automobile giant Ford Motor Company is in talks with the Tamil Nadu government to restart operations at Maraimalai Nagar near Chennai, where it will focus on exports. Chief Minister Stalin visited Ford headquarters in Michigan on Tuesday and held discussions with its top management, urging it to restart production. "Had a very engaging discussion with the team from Ford Motors.