News for 'International Financial Services'

Planning To Buy Insurance Policy?

Planning To Buy Insurance Policy?

Rediff.com3 Mar 2023

Buy from an established agent rather than a novice who may not be around when you need his assistance.

Sensex, Nifty drop nearly 1% on global recession fears

Sensex, Nifty drop nearly 1% on global recession fears

Rediff.com26 Jul 2022

Benchmark BSE Sensex and Nifty closed lower by nearly 1 per cent on Tuesday amid fresh foreign fund outflows and mixed global trends. The 30-share BSE benchmark fell by 497.73 points or 0.89 per cent to settle at 55,268.49, extending its losses for second straight day. During the day, it tanked 562.79 points or 1 per cent to 55,203.43. The broader NSE Nifty declined by 147.15 points or 0.88 per cent to 16,483.85.

Modi will not accompany Boris Johnson on his first visit to Gujarat

Modi will not accompany Boris Johnson on his first visit to Gujarat

Rediff.com20 Apr 2022

This is also because Johnson's visit will follow at the end of Modi's three-day visit to Gujarat for inaugurating projects, reports Vinay Umarji.

'Small finance banks need to build all product ranges'

'Small finance banks need to build all product ranges'

Rediff.com15 Mar 2024

'You cannot have only one product or one market or one customer segment.'

'No question of integrity' as FIH partners with betting platform

'No question of integrity' as FIH partners with betting platform

Rediff.com14 Jan 2024

India have been the FIH's top market in the last decade or so in terms of sponsorships and monetary benefits, and the world body official stressed that the country will continue to hold its significance despite the sport spreading its wings to other parts of the world.

Sensex climbs over 379 points; Nifty above 17,800

Sensex climbs over 379 points; Nifty above 17,800

Rediff.com16 Aug 2022

Benchmark BSE Sensex rose by over 379 points on Tuesday as gains in oil & gas, banking and auto shares helped the barometer continue winning run for the third straight session. The 30-share BSE benchmark index advanced 379.43 points or 0.64 per cent to settle at 59,842.21. During the day, it jumped 460.25 points or 0.77 per cent to 59,923.03. The broader NSE Nifty climbed 127.10 points or 0.72 per cent to 17,825.25 as 42 of its constituents advanced.

Sensex down 337 points post Fed rate hike

Sensex down 337 points post Fed rate hike

Rediff.com22 Sep 2022

Equity indices fell on Thursday, mirroring weak global market trends following the US Federal Reserve's interest rate hike and hawkish stance. The 30-share BSE Sensex declined 337.06 points or 0.57 per cent to settle at 59,119.72. During the day, it tanked 624 points or 1.04 per cent to 58,832.78. The NSE Nifty went lower by 88.55 points or 0.50 per cent to end at 17,629.80.

Swachh Bharat Not A Game Changer

Swachh Bharat Not A Game Changer

Rediff.com2 Apr 2024

If we as citizens, do not take ownership of public places, public facilities and public conveniences, Swachh Bharat will remain just a hollow slogan, notes Biswajit Dasgupta.

Is Son Preference Hurting India?

Is Son Preference Hurting India?

Rediff.com9 Feb 2024

A cultural preference for sons in India may be expressed as 'son preference' or 'daughter aversion', arising from patrilocality, patrilineality, the cost of dowry, and old-age support from sons.

'Challenge for us is resource management'

'Challenge for us is resource management'

Rediff.com21 Nov 2023

'The fact still remains that we will have to deliver, so the pressure is now on us to make sure we get our resources, our supplies lined up at acceptable costs.'

IT, pharma stocks drag Sensex down by 413 points

IT, pharma stocks drag Sensex down by 413 points

Rediff.com15 Sep 2022

Benchmark indices Sensex and Nifty gave up early gains to close in negative territory on Thursday dragged down by IT and pharma stocks which fell amid fears of recession in the global economy. The 30-share Sensex opened higher and rose further to touch a day's high of 60,676.12 on gains in auto and capital goods shares. However, it gave up all early gains and later closed 412.96 points or 0.68 per cent lower at 59,934.01.

PE fund Advent to buy Suven Pharma

PE fund Advent to buy Suven Pharma

Rediff.com26 Dec 2022

Global private equity investor Advent International on Monday said it is acquiring a significant stake in Suven Pharmaceuticals from its promoters, the Jasti family. The PE major said this will be followed with an open offer to acquire 26 per cent more in the listed contract development and manufacturing organisation from public shareholders, and also merge the company with investee company Cohance Lifesciences, as per an official statement. Media reports on a Monday morning pegged the acquisition at Rs 6,300 crore, and that Advent had pipped rival Blackstone for the acquisition.

Byju's pays Jan salaries; Raveendran says moving mountains to make payroll

Byju's pays Jan salaries; Raveendran says moving mountains to make payroll

Rediff.com5 Feb 2024

Byju Raveendran, the founder and chief executive officer of the beleaguered edtech firm Byju's, said the company credited all pending January salaries to employees over the past few days. This was communicated to the employees in another letter sent on February 4. Byju's has about 15,000 employees. "I know you were told that you would get your salaries by Monday.

Why Auditors Quitting Big Clients Is Complicated

Why Auditors Quitting Big Clients Is Complicated

Rediff.com18 Sep 2023

Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.

Is It Time To Smile, Nirmalaji?

Is It Time To Smile, Nirmalaji?

Rediff.com1 Feb 2024

Now that the economy is growing at a higher-than-expected rate, it is time to accelerate the pace of fiscal consolidation, and the Budget could be a good starting point, argues Rajesh Kumar.

Markets bounce back after 8 days; end nearly 1% higher

Markets bounce back after 8 days; end nearly 1% higher

Rediff.com1 Mar 2023

From the Sensex pack, State Bank of India, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel and Tata Motors were the major gainers. Power Grid and HDFC Bank were the laggards from the pack.

Ola reports first-ever operating profit of Rs 90 cr in FY21

Ola reports first-ever operating profit of Rs 90 cr in FY21

Rediff.com2 Nov 2021

Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as the ride-hailing company's revenue declined 65 per cent to Rs 689.61 crore amid COVID-19 induced lockdowns. As per regulatory documents filed by ANI Technologies - the parent company of Ola - it had logged standalone operating profit (profit before finance cost, depreciation, amortisation and tax (EBITDA)) of Rs 89.82 crore in FY21 on a standalone basis, while it had registered a loss of Rs 610.18 crore in the preceding fiscal year.

Are Plug-In Hybrid Cars The Future?

Are Plug-In Hybrid Cars The Future?

Rediff.com15 May 2024

Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids. Car companies, led by the Japanese, are pushing the Indian government to look at hybrids in the interim if it wants to reduce carbon emission.

'Rural consumers also driving power demand'

'Rural consumers also driving power demand'

Rediff.com24 Feb 2024

'This was earlier driven by industries and the commercial sector.'

Sensex snaps 7-day losing streak, zooms 1,017 pts post RBI rate hike

Sensex snaps 7-day losing streak, zooms 1,017 pts post RBI rate hike

Rediff.com30 Sep 2022

Equity indices made an emphatic comeback on Friday after falling for seven straight sessions after the RBI hiked interest rates by 50 basis points on expected lines and projected inflation coming under control from January next year. A strong recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex soared 1,016.96 points or 1.80 per cent to settle at 57,426.92. During the day, it rallied 1,312.67 points or 2.32 per cent to 57,722.63.

IMF says India is likely to contribute more than 16% of global growth

IMF says India is likely to contribute more than 16% of global growth

Rediff.com19 Dec 2023

Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. "What we have been observing for quite some time now is that India has been growing at a very robust rate. "It's one of the star performers when it comes to real growth when you look at peer countries.

Markets log best single-day gain in more than 3 months

Markets log best single-day gain in more than 3 months

Rediff.com30 Aug 2022

Benchmark BSE Sensex and Nifty soared over 2.5 per cent, logging their best single-day gain in more than three months, on Tuesday after value buying in banking, IT and oil stocks. The 30-share Sensex jumped 1,564.45 points or 2.70 per cent to settle at 59,537.07. During the day, it zoomed 1,627.16 points or 2.80 per cent to 59,599.78. The broader NSE Nifty advanced 446.40 points or 2.58 per cent to 17,759.30.

Sensex declines 220 pts on selling in FMCG, steel shares

Sensex declines 220 pts on selling in FMCG, steel shares

Rediff.com7 Feb 2023

ITC, Sun Pharma, Maruti, M&M, Tata Motors, HCL Tech, Wipro, Infosys, HUL, Bharti Airtel and Reliance were among the major losers. Kotak Bank rose the most by 1.59 per cent, followed by IndusInd Bank, Bajaj Finance and Bajaj Finserv. L&T, SBI, TCS and HDFC Bank also closed higher.

Weak global cues, India services PMI drag markets

Weak global cues, India services PMI drag markets

Rediff.com5 Jul 2016

Investors engaged in profit booking in the recent gainers at attractive and higher valuations.

Markets in bear hug; Sensex ends down 326 points

Markets in bear hug; Sensex ends down 326 points

Rediff.com28 Feb 2023

From the Sensex pack, Reliance Industries fell the most by 2 per cent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank and Bajaj Finance were among the other major laggards.

Sensex reclaims 56K; Nifty gains 114 points

Sensex reclaims 56K; Nifty gains 114 points

Rediff.com22 Jul 2022

Benchmark indices rallied on Friday with the BSE Sensex climbing over 390 points to settle above the 56,000-mark amid fresh buying by foreign funds and largely positive global market trends. Intense buying in banking and finance counters also drove the indices higher. Rising for the sixth straight session, the 30-share BSE benchmark jumped 390.28 points or 0.70 per cent to settle at 56,072.23.

Prudential to hire 10,000 workers in India

Prudential to hire 10,000 workers in India

Rediff.com30 Apr 2007

Prudential, the leading international financial services company, would hire at least 10,000 new staff in India this year for its joint venture insurance operation.

Gift City, a model to emulate by other states: Jaitley

Gift City, a model to emulate by other states: Jaitley

Rediff.com13 Apr 2015

Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'

IKS Health, backed by Jhunjhunwala family, buys US tech firm for Rs 1,600 cr

IKS Health, backed by Jhunjhunwala family, buys US tech firm for Rs 1,600 cr

Rediff.com1 Nov 2023

AQuity Solutions is a leading tech-enabled clinical documentation, medical coding and revenue integrity solutions provider in the healthcare domain. On the other hand, IKS Health provides administrative, clinical and operational services to clinicians.

Markets settle marginally higher on fag-end buying

Markets settle marginally higher on fag-end buying

Rediff.com18 Aug 2022

Equity benchmark Sensex gained 37 points on Thursday, tracking gains in index majors Kotak Bank, L&T and Bharti Airtel amid a largely negative trend in global markets. After a largely choppy session, the 30-share BSE index ended 37.87 points or 0.06 per cent higher at 60,298 after starting the trade on a weak note. During the day, it hit a high of 60,341.41 and a low of 59,946.44.

Sensex gains 345 points at close; FMCG, auto shares shine

Sensex gains 345 points at close; FMCG, auto shares shine

Rediff.com15 Jul 2022

Benchmark BSE Sensex rebounded by 344 points while Nifty closed above the 16,000 level in choppy trade on Friday, snapping the four-day falling streak on renewed buying interest from foreign funds and firm global trends. The 30-share BSE barometer climbed 344.63 points or 0.65 per cent to settle at 53,760.78. During the day, it jumped 395.22 points or 0.73 per cent to 53,811.37.

Bloodbath on D-Street; Hindenburg report on Adani sinks markets

Bloodbath on D-Street; Hindenburg report on Adani sinks markets

Rediff.com27 Jan 2023

From the Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, Reliance Industries were among the major laggards. Bucking the trend, auto stocks Tata Motors and Mahindra & Mahindra closed with gains.

How Much Does It Cost To Study Medicine Abroad?

How Much Does It Cost To Study Medicine Abroad?

Rediff.com20 Dec 2023

rediffGURU Sushil Sukhwani offers expert advice on about pursuing higher education abroad.

Orissa seen as metals hub

Orissa seen as metals hub

Rediff.com3 May 2005

Sensex, Nifty trim gains to close almost flat in choppy trade

Sensex, Nifty trim gains to close almost flat in choppy trade

Rediff.com24 Jan 2023

Benchmark Sensex trimmed early gains to close marginally higher while Nifty settled flat in choppy trade on Tuesday as gains in auto shares were offset by selling pressure in banking and energy shares. The 30-share BSE barometer closed marginally up by 37.08 points or 0.06 per cent to 60,978.75 with 15 of its stocks ending in green and the rest in red. The index opened higher and gained over 300 points to a high of 61,266.06 in early trade.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

Should India Inc get licence to operate banks? RBI still undecided

Should India Inc get licence to operate banks? RBI still undecided

Rediff.com16 Dec 2021

Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao on Wednesday defended the central bank's decision of not allowing industrial houses to float banks, and said more deliberations are needed before RBI changes its stance on this issue agreed back in 2001. An internal working group (IWG) of the RBI had recommended allowing industrial groups into banking, but late last month the RBI said it kept on hold the two recommendations of allowing industrial houses and large non-banks to float banks. However, RBI had accepted 21 of the 33 recommendations of the group that submitted its report a year ago.

Markets rally over 1%; Sensex jumps 632 points

Markets rally over 1%; Sensex jumps 632 points

Rediff.com27 May 2022

Equity markets extended their rally on Friday, with the Sensex and Nifty jumping over 1 per cent each, in tandem with a positive trend in global equities. Buying in Infosys and banking counters helped markets maintain their winning run. The 30-share BSE Sensex rallied 632.13 points or 1.17 per cent to settle at 54,884.66.

Sensex, Nifty end in red on profit booking

Sensex, Nifty end in red on profit booking

Rediff.com4 Aug 2022

Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, it hit a low of 57,577.05 and a high of 58,712.66.