News for 'International Money Matters'

Aus Open PIX: Djokovic survives scare; Alcaraz cruises

Aus Open PIX: Djokovic survives scare; Alcaraz cruises

Rediff.com13 Jan 2025

Novak Djokovic was seriously rattled early on by inspired American teenager Nishesh Basavareddy but rallied for a 4-6, 6-3, 6-4, 6-2 victory on Monday.

Tax notices to employees a 'discrepancy', says TCS

Tax notices to employees a 'discrepancy', says TCS

Rediff.com16 Sep 2024

Information technology major Tata Consultancy Services (TCS) on Friday termed the tax demand notices received by several of its employees a "discrepancy," and the tax department will be reprocessing the returns. "We understand that the tax authorities will be reprocessing the returns, post which TDS shall be in sync with Form 26AS issued by the Income Tax Department, and Form 16 Part A issued by TCS. Associates that received the notice will receive a rectification intimation in due course and are not required to pay any demand amount.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

Full text: President Murmu's R-Day eve address to the nation

Full text: President Murmu's R-Day eve address to the nation

Rediff.com25 Jan 2025

'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'

RG Kar: 'My Daughter Was Killed Elsewhere'

RG Kar: 'My Daughter Was Killed Elsewhere'

Rediff.com23 Jan 2025

'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'

'Unemployment Is A Ticking Time Bomb!'

'Unemployment Is A Ticking Time Bomb!'

Rediff.com8 Aug 2024

'The government should come back as a job creator as it did in the 1960s and the 1970s.'

Infosys to initiate internal probe into insider trading case

Infosys to initiate internal probe into insider trading case

Rediff.com1 Jun 2021

India's second largest IT firm Infosys on Tuesday said it will initiate an internal investigation into an insider trading matter after markets regulator Sebi barred two of its employees from the securities market in the case. Sebi has banned eight entities, including two employees of Infosys, for indulging in insider trading activities in the shares of the company. The entities have traded in the scrip of Infosys while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to Infosys' financial results for the quarter ended June 30, 2020, Sebi said in an interim order passed on Monday.

Why Talks With Naga Groups Have Stalled

Why Talks With Naga Groups Have Stalled

Rediff.com30 Nov 2024

'People's expectations were very high.' 'We felt both sides had understood each other.' 'But the removal of Article 370 triggered apprehensions within the Naga people.'

Lucrative IPL contracts vs lack of 'Vitamin M' in Windies cricket

Lucrative IPL contracts vs lack of 'Vitamin M' in Windies cricket

Rediff.com2 Jul 2023

Shimron Hetmyer's Rs 8.50 crore annual IPL fees earned from Rajasthan Royals or Andre Russell's Rs 16 crore retention fee from Kolkata Knight Riders is an indication how cricket's financial landscape has changed and playing for the West Indies isn't a motivation anymore.

Juned's Journey: From Driving Autos To Winning Irani Cup

Juned's Journey: From Driving Autos To Winning Irani Cup

Rediff.com22 Oct 2024

From working in a garment factory, selling bread, and driving an autorickshaw, the 24-year-old fast bowler's path to representing domestic giants Mumbai was anything but easy.

Carlsen-Niemann gearing up for explosive face-off

Carlsen-Niemann gearing up for explosive face-off

Rediff.com6 Sep 2024

American Hans Niemann filed a $100 million defamation lawsuit against Carlsen and Chess.com in October 2022 after the allegations that he had cheated.

India Wants World's Money, But Not World's Modernity

India Wants World's Money, But Not World's Modernity

Rediff.com14 Oct 2022

A bit of economic reforms stalled and decisions delayed -- what Narayana Murthy spoke of -- don't hurt if a country's compassionate and inclusive social fabric has survived intact; if the country is happy, observes Shyam G Menon.

ATP Slammed Over Sinner's Doping Let-Off

ATP Slammed Over Sinner's Doping Let-Off

Rediff.com21 Aug 2024

'I guess only the top players' images matter. I guess only the independent tribunal's opinion on the top players is taken as sound and right.'

'Biased assumptions': India protests Germany's remarks on Kejriwal's arrest

'Biased assumptions': India protests Germany's remarks on Kejriwal's arrest

Rediff.com23 Mar 2024

A German Foreign Ministry spokesperson had "taken note" of Kejriwal's arrest.

'Your money is safe with nationalised banks'

'Your money is safe with nationalised banks'

Rediff.com23 Nov 2020

'No commercial bank will be allowed to fail. There is nothing to worry about.'

Cabbie who died in airport roof collapse was about to end his shift

Cabbie who died in airport roof collapse was about to end his shift

Rediff.com28 Jun 2024

Ravinder Kumar was sleeping after finishing his night shift Friday morning when a call from Indira Gandhi International Airport Police Station turned his life upside down.

India needs to end reliance on China for critical minerals: Survey

India needs to end reliance on China for critical minerals: Survey

Rediff.com22 Jul 2024

India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.

Why Kerala's athletics legacy is fading

Why Kerala's athletics legacy is fading

Rediff.com22 Jul 2024

It's a downfall for the powerhouse that produced some iconic names such as PT Usha, Shiny Wilson, Anju Bobby George, Rosa Kutty, Mercy Kuttan and Bobby Aloysius among others."

Mamata removes CP, top health officials, but docs to continue stir

Mamata removes CP, top health officials, but docs to continue stir

Rediff.com17 Sep 2024

Following a meeting with the medics, she claimed that talks were "fruitful" and nearly "99 percent of their demands have been accepted", Banerjee said.

'India Must Not Give Sheikh Hasina Asylum'

'India Must Not Give Sheikh Hasina Asylum'

Rediff.com5 Aug 2024

'At this moment you cannot give her asylum because if you do, then you are directing public anger against India.'

Amazon India Head Quits

Amazon India Head Quits

Rediff.com7 Aug 2024

Manish Tiwary plans to take up a new role at another firm.

Don't sell Ulips as investment products: Irdai to insurance companies

Don't sell Ulips as investment products: Irdai to insurance companies

Rediff.com24 Jun 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.

Unacademy hands pink slips to 250 more employees

Unacademy hands pink slips to 250 more employees

Rediff.com3 Jul 2024

Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago. Of those, 100 are from core functions such as marketing, business, and product, while the rest are from sales.

Mamata accepts doc's demands, but docs continue 'cease work'. Here's why

Mamata accepts doc's demands, but docs continue 'cease work'. Here's why

Rediff.com17 Sep 2024

The doctors asserts that they will take a final call on withdrawing their agitation only after the state government implements its announcements made on the previous night "in true spirit".

NSE co-location case: Probe shifts towards money trail, illicit gains

NSE co-location case: Probe shifts towards money trail, illicit gains

Rediff.com21 Feb 2022

As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.

Tamil Nadu film producer, who was expelled by DMK, held in drugs case

Tamil Nadu film producer, who was expelled by DMK, held in drugs case

Rediff.com9 Mar 2024

The Narcotics Control Bureau (NCB) on Saturday said it has arrested Jaffer Sadiq, a Tamil Nadu-based alleged dealer of narcotics, in connection with an international drugs trafficking investigation case.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

India The Diplomatic Ambassador In Global Crises

India The Diplomatic Ambassador In Global Crises

Rediff.com16 Sep 2024

Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.

Doval moots interoperability among central police forces

Doval moots interoperability among central police forces

Rediff.com24 May 2024

National security advisor Ajit Doval on Friday suggested that various central armed police forces of the country should have "jointness" and interoperability among themselves like the ongoing plan for the defence forces.

Switzerland offers India full cooperation on black money, tax evasion

Switzerland offers India full cooperation on black money, tax evasion

Rediff.com7 Jun 2016

'Switzerland is a country which wants to be part of the international mainstream'.

Don't we Indians matter too?

Don't we Indians matter too?

Rediff.com25 Jul 2019

If foreigners need reasonable taxes, why offer citizens something else? If foreign businessmen look for assurance on the rule of law, so do citizens, argues T N Ninan.

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Rediff.com26 Jun 2024

The prospective bidders of Haldiram Snacks Foods (HSFPL), a leading food firm, have sought clarity on the ownership of the brand as it is currently owned by different family factions. The Delhi and Nagpur families have decided to merge their operations and formed a joint venture to sell part of their stake. On the other hand, the Kolkata family runs its separate, independent operations. Bankers said prospective bidders of the company do not want any confusion over the brand in future. They have sought clarity over usage of the brand.

'We Have An Indian Tiger That Needs To Be Uncaged'

'We Have An Indian Tiger That Needs To Be Uncaged'

Rediff.com10 Oct 2024

'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'

I&B holds meet to discuss Big Tech revenue sharing

I&B holds meet to discuss Big Tech revenue sharing

Rediff.com13 Jun 2024

The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.

Spice row: Govt plans greater scrutiny, SOPs

Spice row: Govt plans greater scrutiny, SOPs

Rediff.com13 May 2024

The government is formulating guidelines on the use of ethylene oxide (ETO) in samples of spices for the domestic market and exports, people aware of the matter said, as it plans to step up efforts to make quality checks more stringent. ETO, a flammable, colourless gas, is typically used as a disinfectant. It is also used as a sterilising agent and an insecticide to reduce microbial contamination in spices. However, its use is considered carcinogenic, beyond permissible limits.

40-year-old fintech gurus need 60-year-olds to handhold them

40-year-old fintech gurus need 60-year-olds to handhold them

Rediff.com19 Mar 2024

The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.

TaMo makes upgrade to EV easier through used car marketplace

TaMo makes upgrade to EV easier through used car marketplace

Rediff.com1 Oct 2024

The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, it has already started work with used online car marketplace Spinny.

I-T dept goes after black money stashed overseas

I-T dept goes after black money stashed overseas

Rediff.com30 Sep 2017

The move follows poor results in detecting undisclosed foreign assets and delay in concluding pending matters under the Black Money Act, which came into effect in 2015. According to the official data, only 52 cases have been identified so far. Of these, nine are from Mumbai alone.

9 plans save tax and earn more money

9 plans save tax and earn more money

Rediff.com15 Feb 2016

Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

Rediff.com28 Jun 2024

To burnish production-linked incentive (PLI) schemes, the government is considering an overhaul of some of them relating to sectors such as textiles and pharma, and making incentive payments quarterly, officials in the know said. In a bid to cut the delay in processing incentive claims, the government is looking at switching to a quarterly disbursement of incentives. Currently, in most schemes, incentives are annual.