News for 'International Financial and Services Centre'

Why did BSE snap ties with foreign bourses?

Why did BSE snap ties with foreign bourses?

Rediff.com13 Feb 2018

Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.

Cyclone Michaung paralyses Chennai, revives fears of 2015 flood

Cyclone Michaung paralyses Chennai, revives fears of 2015 flood

Rediff.com4 Dec 2023

Heavy rains continued to pound Chennai and nearby districts on Monday under the impact of a cyclonic storm, which is likely to cross the coast in Andhra Pradesh on December 5.

Does Uddhav meet Opposition's search for a leader?

Does Uddhav meet Opposition's search for a leader?

Rediff.com5 May 2020

If Uddhav continues in this mode as a serious-minded, capable leader with his hands firmly on the steering wheel, and succeeds in enabling Maharashtra weather the current storm, there is every possibility of his emergence as a leader who will be seen as someone who is ready to play a larger role, observes Amulya Ganguli.

70 call centre staff held for duping US nationals

70 call centre staff held for duping US nationals

Rediff.com6 Oct 2016

They would call US citizens and demand their financial and bank details, failing which they would allegedly threaten them with dire consequences, including legal action and jail term

Exult setting up centre in India

Exult setting up centre in India

Rediff.com18 Feb 2003

Exult Inc, a US-based firm that provides human resources services to companies, is setting up a business process outsourcing unit in Mumbai to service overseas clients, a senior official said.

93% CEOS Plan To Hire More Employees

93% CEOS Plan To Hire More Employees

Rediff.com12 Apr 2023

Many CEOs said they plan to give special leave to women employees so as to encourage their participation in the workforce.

Who Gains From Prigozhin's Death?

Who Gains From Prigozhin's Death?

Rediff.com25 Aug 2023

There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.

Stunning images of Hong Kong 40 years ago

Stunning images of Hong Kong 40 years ago

Rediff.com19 Jul 2012

Life in Hong Kong was very different 40 years ago.

REVEALED: How RBI Operated During Covid

REVEALED: How RBI Operated During Covid

Rediff.com10 Mar 2023

200 staffers, consisting of RBI officials and support teams, who are essential to perform critical functions, were isolated at a separate facility in a dedicated quarantined environment near all three RBI data centres.

4 Questions On Crypto Regulation

4 Questions On Crypto Regulation

Rediff.com8 Dec 2021

It is not the job of regulators to ensure that users make profits. It is not the job of regulators to prevent people from making losses. It is not the job of regulators to prevent people from doing stupid things, argues Ajay Shah.

Lenders set to clear Rs 400 crore to give wings to Go First

Lenders set to clear Rs 400 crore to give wings to Go First

Rediff.com26 Jun 2023

Go First's lenders have agreed in principle to support the airline's request for Rs 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline's resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline's committee of creditors (CoC).

Maharashtra emerges @MakeInIndia's LION!

Maharashtra emerges @MakeInIndia's LION!

Rediff.com19 Feb 2016

More than 50 per cent of the value of all MOUs signed at the Make In India Week in the last five days has made Maharashtra emerge numero uno in the committed investment stakes!

China's Military Upgrade A Cause Of Concern

China's Military Upgrade A Cause Of Concern

Rediff.com28 Mar 2023

The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.

'Adani has deep pockets...'

'Adani has deep pockets...'

Rediff.com17 Oct 2023

'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'

China launches international payment system to globalise yuan

China launches international payment system to globalise yuan

Rediff.com8 Oct 2015

China has launched a host of reforms to halt the slow down of the economy, which is hovering around seven per cent with forecasts that it would dip down further.

SBI to open office in Dubai

SBI to open office in Dubai

Rediff.com4 Apr 2007

State Bank of India plans to open its office in Dubai International Finance Centre in a few weeks, a move which will boost India's largest bank's presence in the Gulf region.

Oracle's lofty Bandra office deal could lift realty

Oracle's lofty Bandra office deal could lift realty

Rediff.com11 Apr 2013

At Rs 340 a square feet a month, the nine-year pact is among the costliest.

Is Technology Important In Banking?

Is Technology Important In Banking?

Rediff.com14 Mar 2024

'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'

Sensex rallies 377 points; Kotak Bank zooms 12%

Sensex rallies 377 points; Kotak Bank zooms 12%

Rediff.com27 Oct 2020

Other gainers included Nestle India, Asian Paints, Bajaj Finance, NTPC, L&T, Axis Bank and Bajaj Auto. On the other hand, TCS, ONGC, Infosys, HDFC and SBI were among the laggards. NSE Nifty surged 121.65 points or 1.03 per cent to 11,889.40.

Can India Get Nirav Modi, Vijay Mallya From The UK?

Can India Get Nirav Modi, Vijay Mallya From The UK?

Rediff.com1 Jun 2023

It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.

NDA Better For Economy Than INDIA In 2024

NDA Better For Economy Than INDIA In 2024

Rediff.com31 Aug 2023

What is most troubling is that not a single party that is part of INDIA has talked about any kind of reform and economic sense, argues R Jagannathan.

'We have taught the Chinese some lessons'

'We have taught the Chinese some lessons'

Rediff.com5 Feb 2024

'In Eastern Ladakh the Chinese attempted salami slicing.' 'Our response has been superb. Our military has responded magnificently.'

Wadia-owned Go First files for insolvency, suspends flights for 3 days

Wadia-owned Go First files for insolvency, suspends flights for 3 days

Rediff.com2 May 2023

Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Rediff.com26 Feb 2023

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

India gets $1.75 bn World Bank loan for health, private investment

India gets $1.75 bn World Bank loan for health, private investment

Rediff.com1 Jul 2022

The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.

Watch Konkona's Killer Magic On OTT

Watch Konkona's Killer Magic On OTT

Rediff.com18 Jan 2024

Some of her best films are not available on streaming platforms, but Deepa Gahlot looks at her Hindi cinema oeuvre on OTT.

Maha imposes prohibitory orders to ensure social distancing

Maha imposes prohibitory orders to ensure social distancing

Rediff.com22 Mar 2020

Making the announcement, Chief Minister Uddhav Thackeray said the measure was being taken in urban areas across the state from Monday to ensure social distancing.

Why Gujarat's 'GIFT' is doomed to fail

Why Gujarat's 'GIFT' is doomed to fail

Rediff.com15 Oct 2015

GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.

India among top 5 innovation destinations

India among top 5 innovation destinations

Rediff.com2 Jun 2016

Bengaluru added four of the eight new innovation centres to emerge as the fifth global hub for innovation.

The take-off and crash-landing of Jet's Naresh Goyal

The take-off and crash-landing of Jet's Naresh Goyal

Rediff.com4 Sep 2023

In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.

Israel-Hamas Conflict: India's IT Companies On Edge

Israel-Hamas Conflict: India's IT Companies On Edge

Rediff.com18 Oct 2023

'IT companies do not have a large presence there either in terms of market and team. So, the impact of the war will be minimal. But West Asia is an emerging economy.'

Why no centre-right political party in India today?

Why no centre-right political party in India today?

Rediff.com17 Feb 2014

The truth is not that Chandrababu Naidu's centre-right policies led to his defeat but rather almost the reverse: his defeat, and for that matter that of the NDA at the Centre, was widely -- but falsely -- interpreted as a rejection of their economic policies, rather than put down to bad luck and conventional anti-incumbency., say Vivek Dehejia and Rupa Subramanya.

'After many rocking years, we needed a rocky year'

'After many rocking years, we needed a rocky year'

Rediff.com3 Jan 2023

'Criticism is one thing, and cynicism is quite another.' 'However, we are undaunted by this negativity because we know the truth.'

ED chief's extension for FATF review, govt tells SC, won't be in office after November

ED chief's extension for FATF review, govt tells SC, won't be in office after November

Rediff.com8 May 2023

The Centre on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November.

Govt to promote Kisan Drones, chemical-free farming

Govt to promote Kisan Drones, chemical-free farming

Rediff.com1 Feb 2022

The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Budget 2022-23 in Parliament, Sitharaman said the inclusive development is one of the four priorities of the government moving forward. As part of the inclusive development, the government will promote the use of 'Kisan Drones' for crop assessment, digitisation of land records and spraying of insecticides. The government will also facilitate a fund with blended capital raised under the co-investment model through Nabard to finance agri start-ups and rural enterprises, she said.

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Rediff.com4 Jan 2022

There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.

Tatas top bidder for Air India, but no govt nod yet

Tatas top bidder for Air India, but no govt nod yet

Rediff.com1 Oct 2021

Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.

How KV Kamath built a financial powerhouse

How KV Kamath built a financial powerhouse

Rediff.com10 Jun 2015

KV Kamath has had a tough journey so far.

'Cyber attackers are 10 steps ahead'

'Cyber attackers are 10 steps ahead'

Rediff.com4 Apr 2023

'Hacking of an ID or an account will have the same impact on a user in a city and one in a small town.' 'Security is like a railroad, you create it to last for every customer.'