News for 'National Sales Company'

Amazon Now hits $1 billion annualised gross sales in India, eyes 100 cities by Diwali

Amazon Now hits $1 billion annualised gross sales in India, eyes 100 cities by Diwali

Rediff.com7 days ago

Amazon's ultra-fast delivery service, Amazon Now, has achieved $1 billion in annualised gross sales in India over the last three months, marking it as the fastest-growing e-commerce business in Amazon India's history, with orders doubling every quarter.

4 India-based companies face US sanctions over Iran trade

4 India-based companies face US sanctions over Iran trade

Rediff.com25 Aug 2026

The United States has sanctioned four India-based companies, including a customs broker and three other firms, for their involvement in importing petroleum and petrochemical products from Iran. This action is part of "Operation Economic Outcast," a broader US campaign to sever Iran's financial lifelines and prevent funding for its destabilising activities.

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Rediff.com4 Aug 2026

Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.

Premiumisation to fuel 8-11% residential sales value growth in top 7 cities by FY27: Icra

Premiumisation to fuel 8-11% residential sales value growth in top 7 cities by FY27: Icra

Rediff.com27 Aug 2026

Icra predicts that the top seven Indian cities will see an 8-11 per cent year-on-year growth in housing sales value by FY27, reaching approximately 7.9 trillion, primarily driven by the ongoing trend of premiumisation and a favourable product mix.

Maruti Suzuki poised for sustained sales growth in FY27 despite Q1 margin contraction

Maruti Suzuki poised for sustained sales growth in FY27 despite Q1 margin contraction

Rediff.com10 Aug 2026

Maruti Suzuki India (MSIL) reported a mixed Q1 FY27, with record quarterly sales driving strong revenue growth, but operating performance was below expectations due to higher commodity and other costs impacting margins. Brokerages anticipate sustained sales growth for the company in the current fiscal year, supported by new launches, robust demand, and significant capacity expansion.

Noel Tata tables Rs 25K cr SP group stake buyout proposal

Noel Tata tables Rs 25K cr SP group stake buyout proposal

Rediff.com4 days ago

Noel Tata, chairman of Tata Trusts, has presented a proposal for the Shapoorji Pallonji (SP) group to sell its 18.37 per cent stake in Tata Sons for approximately 25,000 crore, aiming to address the SP group's liquidity needs without a public listing of Tata Sons.

Why India Is Key To Salesforce's AI-First Enterprise Transformation

Why India Is Key To Salesforce's AI-First Enterprise Transformation

Rediff.com6 days ago

Salesforce CEO Marc Benioff highlights India's crucial role in the company's shift to an AI-first enterprise system. He emphasized India's vast pool of technology professionals and partners as key to this transformation, underscoring the country's importance in Salesforce's global strategy.

Hero Motors IPO Fully Subscribed on Day 1, Retail Investors Lead Demand

Hero Motors IPO Fully Subscribed on Day 1, Retail Investors Lead Demand

Rediff.com5 days ago

The initial public offering (IPO) of auto components maker Hero Motors Ltd was fully subscribed on its first day of bidding, receiving bids for 1.38 times the shares on offer, with strong interest from retail investors.

No NSE Proposal for Self-Trading, Will Examine UPI MDR Concerns: Sebi

No NSE Proposal for Self-Trading, Will Examine UPI MDR Concerns: Sebi

Rediff.com5 days ago

SEBI Chairman Tuhin Kanta Pandey stated that the National Stock Exchange (NSE) has not submitted any proposal seeking approval to trade on its own platform after getting listed, and such trading is currently not permitted. He also confirmed that SEBI would examine concerns raised by brokers and asset management companies regarding the new UPI Merchant Discount Rate (MDR) framework.

NSE IPO size likely to shrink to Rs 25,000-27,000 crore as shareholders pull back from OFS

NSE IPO size likely to shrink to Rs 25,000-27,000 crore as shareholders pull back from OFS

Rediff.com9 Sep 2026

The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.

NSE IPO sees strong demand, subscribed 5.7 times ahead of BSE listing

NSE IPO sees strong demand, subscribed 5.7 times ahead of BSE listing

Rediff.com16 hours ago

The National Stock Exchange of India's initial public offering (IPO) was subscribed 5.69 times, with qualified institutional buyers (QIBs) showing the strongest demand, as the Rs 22,561-crore issue moves towards allotment and a planned listing on the BSE.

BMW India CEO: Remove EV Road Tax Caps to Boost Adoption

BMW India CEO: Remove EV Road Tax Caps to Boost Adoption

Rediff.com13 Sep 2026

Hardeep Singh Brar, President and CEO of BMW Group India, has urged state governments like Delhi to remove price caps on road tax benefits for electric vehicles (EVs), arguing that such limits deter luxury-car buyers and hinder the transition to cleaner mobility in pollution-affected regions.

Kylian Mbappe leaves Nike, signs with Swiss sportswear On

Kylian Mbappe leaves Nike, signs with Swiss sportswear On

Rediff.com3 days ago

French football superstar Kylian Mbappe has ended his long-standing partnership with Nike to join the rapidly expanding Swiss sportswear brand On, a move that provides On with a high-profile figure for its entry into football and marks another significant defection for the US giant.

NSE IPO: 'Demand Is Unexpectedly Large'

NSE IPO: 'Demand Is Unexpectedly Large'

Rediff.com6 days ago

Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.

Marc Benioff Highlights India's Role In Salesforce's AI Transformation

Marc Benioff Highlights India's Role In Salesforce's AI Transformation

Rediff.com6 days ago

Salesforce CEO Marc Benioff has identified a significant opportunity for India as the company transitions its enterprise systems to an AI-first model. He emphasised India's crucial role, leveraging its extensive pool of technology professionals and partners, in this global technological transformation, which he likened to a "Y2K moment" for engineering.

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

Rediff.com11 Sep 2026

The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.

Chandra reappointment: Tata Trusts call the vote 'illegal', setting up boardroom battle

Chandra reappointment: Tata Trusts call the vote 'illegal', setting up boardroom battle

Rediff.com4 days ago

The Tata Sons board has voted to reappoint N Chandrasekaran as chairman for a third five-year term, a decision influenced by the Reserve Bank of India's rejection of the company's application to surrender its NBFC registration, which revives the prospect of a stock market listing.

Infantino holds crisis meeting in Morocco as FIFA stake sale fallout continues

Infantino holds crisis meeting in Morocco as FIFA stake sale fallout continues

Rediff.com5 Aug 2026

FIFA President Gianni Infantino is holding a crisis meeting with top officials in Morocco to address the fallout from his failed attempt to sell commercial rights to the World Cup, a move that has led to widespread criticism and calls for his removal.

QIBs drive bulk of demand as NSE IPO subscribed 5.7 times

QIBs drive bulk of demand as NSE IPO subscribed 5.7 times

Rediff.com1 hour ago

Institutional portion subscribed 12.68 times; retail crosses quota.

Buy A Mature Rocket Or Design A New One?

Buy A Mature Rocket Or Design A New One?

Rediff.com5 hours ago

Buying a mature rocket technology gives companies the designs and hardware know-how, but not necessarily the decades of engineering wisdom needed to make it work.

What Shapoorji Pallonji Mistry's Statement Says Between The Lines

What Shapoorji Pallonji Mistry's Statement Says Between The Lines

Rediff.com3 days ago

Shapoorji Pallonji Mistry's statement will be watched closely against the backdrop of the listing battle as well as the Tata leadership contest, with veto votes being cast over the reappointment of N Chandrasekaran as chairman of Tata Sons for a third term.

India Inc Sees Fastest Revenue Growth in 15 Quarters

India Inc Sees Fastest Revenue Growth in 15 Quarters

Rediff.com24 Aug 2026

Indian listed companies experienced their fastest revenue growth in 15 quarters during Q1FY27, with combined net sales rising 18.4% year-on-year, while net profit grew 16%, primarily driven by mining, metals, and banking sectors, despite a contraction in operating margins due to higher input costs.

Gulf tensions drive NRI luxury home investments back to India

Gulf tensions drive NRI luxury home investments back to India

Rediff.com2 Sep 2026

Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.

EV sales in India hit record high, with 63% YoY increase in June

EV sales in India hit record high, with 63% YoY increase in June

Rediff.com8 Jul 2026

India's electric vehicle market achieved a significant milestone in June 2026, accounting for over 12% of total vehicle retail sales for the first time. This growth, driven by strong demand across electric two-wheelers, passenger vehicles, and commercial vehicles, saw overall EV retail sales surge by 63% year-on-year to a record 306,220 units, indicating a mainstream shift in mobility.

NSE gets regulatory nod for Rs 30,000 cr IPO, the biggest so far

NSE gets regulatory nod for Rs 30,000 cr IPO, the biggest so far

Rediff.com4 Sep 2026

The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.

FIFA President's Position 'Untenable' After World Cup Rights Sale Fails

FIFA President's Position 'Untenable' After World Cup Rights Sale Fails

Rediff.com2 Aug 2026

Gianni Infantino's position as FIFA president is deemed 'untenable' by the head of Europe's professional football leagues following his failed plan to sell a stake in the World Cup's commercial rights, a move that triggered widespread protest and a loss of confidence from regional confederations.

Some give, some take for Indian automakers in EU FTA

Some give, some take for Indian automakers in EU FTA

Rediff.com23 hours ago

India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.

India Pioneers Tokenised Corporate Bonds With Sebi's Demat 2.0 Pilot

India Pioneers Tokenised Corporate Bonds With Sebi's Demat 2.0 Pilot

Rediff.com10 Sep 2026

India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.

NCLT's Subhash Chandra Order: Not Rs 22,000 Cr Bank Loan Write-Off, Clarify Sources

NCLT's Subhash Chandra Order: Not Rs 22,000 Cr Bank Loan Write-Off, Clarify Sources

Rediff.com27 Aug 2026

Sources clarify that the NCLT's approval of a repayment plan for Essel Group founder Subhash Chandra does not signify a 99.97 per cent write-off of Rs 22,000 crore in bank loans, as the figure represents claims against him as a personal guarantor, not debt personally borrowed.

Lalu, Rabri, Tejashwi among nine charged in IRCTC hotel scam

Lalu, Rabri, Tejashwi among nine charged in IRCTC hotel scam

Rediff.com11 Sep 2026

A Delhi court has ordered the framing of money laundering charges against former railway minister Lalu Prasad Yadav, his wife Rabri Devi, son Tejashwi Yadav, and six others in the alleged IRCTC hotel scam. The court found strong suspicion of a manipulated tender for railway hotels and a quid pro quo involving land transfer at undervalued rates.

Consumer forum lifts liquor seller's spirits, tells insurer to pay Rs 1.2 cr

Consumer forum lifts liquor seller's spirits, tells insurer to pay Rs 1.2 cr

Rediff.com4 Aug 2026

A consumer disputes commission in Mumbai has directed National Insurance Company Ltd to pay a liquor wholesaler over 1.2 crore for stock ruined during the 2017 Mumbai floods, deeming the claim rejection 'arbitrary and unreasonable'.

InsuranceDekho and RenewBuy merge to create India's largest AI-powered insurance platform

InsuranceDekho and RenewBuy merge to create India's largest AI-powered insurance platform

Rediff.com2 Sep 2026

InsuranceDekho and RenewBuy have merged to establish India's largest artificial intelligence (AI)-enabled insurance distribution platform, targeting a significant premium book and extensive reach across the country.

Sebi 'close' to approving NSE IPO, eyes broader market resilience

Sebi 'close' to approving NSE IPO, eyes broader market resilience

Rediff.com28 Aug 2026

The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.

How China Shielded Itself From Oil Shock

How China Shielded Itself From Oil Shock

Rediff.com17 Aug 2026

China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.

New 'boss' scam to dupe corporate employees busted

New 'boss' scam to dupe corporate employees busted

Rediff.com18 Aug 2026

Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.

GalaxEye Buys StarOps, Expands Space Capabilities

GalaxEye Buys StarOps, Expands Space Capabilities

Rediff.com11 Aug 2026

'From day one, our vision has been to build a company that develops and owns the technologies defining the future of space.'

India Inc navigates West Asia conflict: Rising costs, price hikes, and margin pressures

India Inc navigates West Asia conflict: Rising costs, price hikes, and margin pressures

Rediff.com18 Aug 2026

India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.

India's EV Ambitions: MHI Boosts Incentives, Tackles Financing & Manufacturing Hurdles

India's EV Ambitions: MHI Boosts Incentives, Tackles Financing & Manufacturing Hurdles

Rediff.com12 Aug 2026

The Ministry of Heavy Industries (MHI) anticipates disbursing approximately 4,700 crore in incentives under the automotive PLI scheme in FY27, more than double the previous two years, while also exploring financing mechanisms for electric buses and trucks and promoting domestic manufacturing of critical EV components.

Life After Leak: When Your Data Gets Stolen

Life After Leak: When Your Data Gets Stolen

Rediff.com18 Aug 2026

A data breach does not end when the headlines fade. For victims, stolen personal information can fuel fraud, identity theft and financial losses for years.

SBI Funds Management IPO: Listing Expected Next Week After Rs 11,692 Crore Offer

SBI Funds Management IPO: Listing Expected Next Week After Rs 11,692 Crore Offer

Rediff.com14 Jul 2026

SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.