News for 'News Ltd'

Bull vs bear: Who will rule D-Street this week?

Bull vs bear: Who will rule D-Street this week?

Rediff.com22 Jun 2025

The domestic stock market will continue to monitor the Israel-Iran conflict and its impact on global supplies besides prices of crude oil this week, analysts said. Global trends and trading activity of foreign investors would also drive investors' sentiment during the week.

Lilavati Trust says no dues owed to HDFC Bank

Lilavati Trust says no dues owed to HDFC Bank

Rediff.com10 Jun 2025

Launching a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Monday said the trust or its permanent trustee Prashant Kishor Mehta has no outstanding dues to the private bank. It has never borrowed a single rupee from the bank nor they are connected to the borrowing company (Splendour Gems Ltd) in question whatsoever, LKMM said in a statement.

Industrialist Ratul Puri discharged in Rs 1,101-cr Moser Baer cases

Industrialist Ratul Puri discharged in Rs 1,101-cr Moser Baer cases

Rediff.com20 Jun 2025

An accused is discharged at the stage of charge-framing when the judiciary is persuaded that the prosecution's claims do not contain adequate prima facie evidence to suggest criminal conduct.

Haldiram Director Duped Of Rs 9.38 Cr

Haldiram Director Duped Of Rs 9.38 Cr

Rediff.com12 Jul 2025

A director of Haldiram Foods International Ltd was allegedly duped of 9.38 crore by Mumbai-based individuals promising high investment returns.

Turkiye's Celebi to challenge termination of India deals

Turkiye's Celebi to challenge termination of India deals

Rediff.com16 May 2025

In a filing to Turkiye's stock exchange on Friday, Celebi Hava Servisi AS said four concession and licence agreements executed between its company's subsidiaries and the relevant Indian airport authorities have been unilaterally terminated.

British American Tobacco sells 2.5% stake in ITC for Rs 12,927 crore

British American Tobacco sells 2.5% stake in ITC for Rs 12,927 crore

Rediff.com28 May 2025

British multinational BAT Plc on Wednesday trimmed its ownership in conglomerate ITC by divesting a 2.5 per cent stake for Rs 12,927 crore ($1.51 billion) through a block deal, according to a revised term sheet accessed by PTI. Following the stake sale, shares of ITC went lower by 1.15 per cent to trade at Rs 421.15 apiece on the NSE.

Growth: RBI Sees Too Many Uncertainties

Growth: RBI Sees Too Many Uncertainties

Rediff.com19 Aug 2025

For the time being, the RBI is done with the cuts. A cut in October, which many are still predicting, is not certain. Of course, if growth nosedives, the script will be different, expects Tamal Bandyopadhyay.

Buying in L&T helps Sensex gain 144 points

Buying in L&T helps Sensex gain 144 points

Rediff.com30 Jul 2025

Sun Pharma, NTPC, Maruti, Bharti Airtel, Trent and Axis Bank were also among the gainers. However, Tata Motors, Power Grid, Eternal, Bajaj Finserv and Hindustan Unilever were among the laggards.

Reliance remains highest-ranked Indian firm on Fortune Global 500 list

Reliance remains highest-ranked Indian firm on Fortune Global 500 list

Rediff.com30 Jul 2025

Billionaire Mukesh Ambani's Reliance Industries has retained its position as the highest-ranked Indian company on the 2025 Fortune Global 500 list, according to the latest rankings released by the publication. The oil-to-telecom-and-retail conglomerate has been ranked at No.88 on the latest list, down from 86th position in 2024.

Rahul opens up on ED chargesheet against brother-in-law Robert Vadra

Rahul opens up on ED chargesheet against brother-in-law Robert Vadra

Rediff.com18 Jul 2025

Congress leader Rahul Gandhi accuses the government of a politically motivated witch-hunt against his brother-in-law Robert Vadra after the Enforcement Directorate filed a chargesheet against him in a money laundering case.

MiG-21 jets to retire in Sep; Tejas LCA may replace Panthers squadron

MiG-21 jets to retire in Sep; Tejas LCA may replace Panthers squadron

Rediff.com23 Jul 2025

The Indian Air Force (IAF) is set to retire its MiG-21 aircraft in September after over six decades of service. The last of the MiG-21 jets will be given a farewell at a ceremony in Chandigarh.

Key factors to drive stock markets this week

Key factors to drive stock markets this week

Rediff.com6 Jul 2025

Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors.

Business as usual: India buys 2 mn bpd Russian oil in August

Business as usual: India buys 2 mn bpd Russian oil in August

Rediff.com15 Aug 2025

India's purchase of Russian oil has risen to 2 million barrels per day in August, as refiners continue to prioritise economic considerations in their sourcing decisions. As much as 38 per cent out of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, according to global real-time data and analytics provider Kpler.

Sensex, Nifty close almost flat amid caution ahead of US tariff deadline

Sensex, Nifty close almost flat amid caution ahead of US tariff deadline

Rediff.com7 Jul 2025

From the Sensex firms, Hindustan Unilever, Kotak Mahindra Bank, Trent, Reliance Industries, Asian Paints and ITC were among the gainers. However, Bharat Electronics Ltd, Tech Mahindra, UltraTech Cement, Maruti and Eternal were among the laggards.

Small is big for PEs, companies as M&As rise to $45.4 billion in H1

Small is big for PEs, companies as M&As rise to $45.4 billion in H1

Rediff.com11 Jul 2025

India's mergers & acquisitions (M&As) market recorded deals worth $45.44 billion in the first half of 2025, up nearly 3.3 per cent from a year ago, even as ultra large-ticket transactions remained subdued. During the first half, the 7.1 per cent rise in deal count to 1,614 signals continuing appetite among domestic conglomerates and private equity (PE) funds for mid-sized and smaller assets.

ED seizes Rs 1.70 cr cash, documents in raids against Jaypee Infra, others

ED seizes Rs 1.70 cr cash, documents in raids against Jaypee Infra, others

Rediff.com26 May 2025

The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other entities in an alleged homebuyers' fraud case linked money laundering investigation. The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on May 23 under the Prevention of Money Laundering Act (PMLA).

Factors that will drive the stock markets this week

Factors that will drive the stock markets this week

Rediff.com29 Jun 2025

Trading activity of foreign investors and crude oil prices would also remain in the limelight during the week, experts noted. "This week brings a series of important economic data releases from India and the United States, which are likely to influence market sentiment and central bank outlooks.

Temasek gets CCI nod to buy minority stake in Haldiram

Temasek gets CCI nod to buy minority stake in Haldiram

Rediff.com20 May 2025

The Competition Commission of India on Tuesday approved Singapore's Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company.

Lilavati Trust files Rs 1,000 cr defamation suit against HDFC Bank CEO

Lilavati Trust files Rs 1,000 cr defamation suit against HDFC Bank CEO

Rediff.com20 Jun 2025

Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Friday said it has filed a Rs 1,000 crore civil defamation lawsuit against HDFC Bank MD & CEO Sashidhar Jagdishan, over a series of malicious, and false statements made against the Trust and its permanent trustee, Prashant Mehta.

Tribunal stays insolvency proceedings against RInfra

Tribunal stays insolvency proceedings against RInfra

Rediff.com4 Jun 2025

In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com8 Jun 2025

Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted.

Trump's Tariffs: Exporters To Take Big Hit

Trump's Tariffs: Exporters To Take Big Hit

Rediff.com1 Aug 2025

'The biggest point of contention is market access for US agricultural and dairy products.'

Bajaj Group get CCI's nod to acquire Allianz's 26% stake in insurance JVs

Bajaj Group get CCI's nod to acquire Allianz's 26% stake in insurance JVs

Rediff.com20 May 2025

Fair trade regulator CCI on Tuesday cleared Bajaj Group's proposed acquisition of a 26 per cent stake each in its insurance joint ventures, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, from its partner Allianz SE for a total of Rs 24,180 crore. "The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release.

ED conducts multi-state raids in Bihar constable recruitment 'scam'

ED conducts multi-state raids in Bihar constable recruitment 'scam'

Rediff.com19 Jun 2025

The agency seized documents like answer sheets, OMR codes, hand-written notes related to IDs and names of candidates apart from their education certificates, the sources said.

Dukes ball under fire, maker promises urgent review

Dukes ball under fire, maker promises urgent review

Rediff.com18 Jul 2025

Following criticism from India captain Shubman Gill and former England pacer Stuart Broad, the England and Wales Cricket Board (ECB) will collect as many used balls as possible and return them to the company that manufactures Dukes balls by the end of the week.

Robert Vadra received Rs 58 cr as 'proceeds of crime' in land deal: ED

Robert Vadra received Rs 58 cr as 'proceeds of crime' in land deal: ED

Rediff.com10 Aug 2025

The Enforcement Directorate (ED) has alleged that Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, provided evasive responses during questioning regarding a 2008 land deal in Haryana. The ED claims Vadra placed blame on deceased associates and exerted undue influence on government officials.

RBI's decision to hold rate at 5.5% is misplaced? Or not?

RBI's decision to hold rate at 5.5% is misplaced? Or not?

Rediff.com6 Aug 2025

Mixed views were expressed by top economists on the Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to hold the repo rate at 5.5% and maintain a neutral stance. While some say the decision was as expected and one more rate reduction is expected this fiscal, there is also a view that rate cut by MPC was warranted given the evolving global situation.

'I Wouldn't Change Anything In Sholay'

'I Wouldn't Change Anything In Sholay'

Rediff.com8 Aug 2025

'Sholay had a sargam of human emotions.'

No rules, no rides: HC grounds bike taxis in Karnataka

No rules, no rides: HC grounds bike taxis in Karnataka

Rediff.com16 Jun 2025

Karnataka transport minister Ramalinga Reddy confirmed the development, stating that the companies must abide by the court's decision.

Priya Nair, 1st woman to become CEO-MD of HUL

Priya Nair, 1st woman to become CEO-MD of HUL

Rediff.com11 Jul 2025

Priya Nair will become the first woman CEO and MD of Hindustan Unilever Ltd (HUL) effective August 1, 2025, with India's largest FMCG firm announcing her appointment on Thursday. Nair, currently president, Beauty & Wellbeing, Unilever, has been appointed for a period of five years.

Public life likely to be hit as over 25 crore workers call 'Bharat Bandh' on Wednesday

Public life likely to be hit as over 25 crore workers call 'Bharat Bandh' on Wednesday

Rediff.com8 Jul 2025

More than 25 crore workers engaged in sectors ranging from banking, insurance, postal to coal mining, highway and construction are expected to go on a nationwide general strike on Wednesday, potentially disrupting services across the country. A forum of 10 central trade unions and their associates has called for a general strike or 'Bharat Bandh' to "oppose the anti-worker, anti-farmer and anti-national pro-corporate policies of the government".

Time To Tackle The Digital Fraud Surge

Time To Tackle The Digital Fraud Surge

Rediff.com14 Aug 2025

We propose an expert group be set up to form a national strategy on digital fraud. This group would bring together skills in financial regulation, security economics, cyber defence, and public communications, and an understanding of the Indian financial and security systems. It should lay the foundations of a coordinated approach by the Indian State in fighting digital fraud, suggest Ajay Shah and Nandkumar Saravade.

Combat Jets To Get Make In India Boost

Combat Jets To Get Make In India Boost

Rediff.com31 Jul 2025

'The aircraft is expected to be ready for rollout between January and March 2026, and to fly by the end of the year.'

Adani, 4 others submit Rs 10k-11k cr bids for Jaiprakash Associates

Adani, 4 others submit Rs 10k-11k cr bids for Jaiprakash Associates

Rediff.com26 Jun 2025

Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.

Karnataka govt blames RCB, KSCA for Bengaluru stampede

Karnataka govt blames RCB, KSCA for Bengaluru stampede

Rediff.com17 Jul 2025

The status report claims that RCB organised a massive victory parade and celebration without prior permission or furnishing mandatory details to city authorities.

ATF price hiked by steep 7.5%, commercial LPG rate cut by Rs 58.5

ATF price hiked by steep 7.5%, commercial LPG rate cut by Rs 58.5

Rediff.com1 Jul 2025

The price of jet fuel (ATF) was sharply increased by 7.5 per cent on Tuesday, while the cost of LPG used in commercial establishments was reduced by Rs 58.50 per cylinder, reflecting shifts in international benchmark rates. After three rounds of price cuts, aviation turbine fuel (ATF) price was increased by Rs 6,271.5 per kilolitre, or 7.5 per cent, to Rs 89,344.05 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers.

Telangana CM slams Sigachi, announces Rs 1 cr ex gratia

Telangana CM slams Sigachi, announces Rs 1 cr ex gratia

Rediff.com1 Jul 2025

The Telangana government on Tuesday gave a dressing down to the management of Sigachi Industries Ltd for its absence following a factory blast that claimed 36 lives in Sangareddy district.

JioBlackRock Mutual Fund raises over Rs 17,800 crore via maiden NFO

JioBlackRock Mutual Fund raises over Rs 17,800 crore via maiden NFO

Rediff.com8 Jul 2025

JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore ($2.1 billion).

You can't use 'Captain Cool' anymore- Here's why...

You can't use 'Captain Cool' anymore- Here's why...

Rediff.com30 Jun 2025

MS Dhoni seeks trademark for sobriquet 'Captain Cool'

Top 5 Fastest Growing Stocks in 2025

Top 5 Fastest Growing Stocks in 2025

Rediff.com24 Jun 2025

To help you ride the growth trajectory of India's equity markets, we have curated the top five fastest-growing stocks that hold an impressive upside. If you're planning to build a sound portfolio and capitalize on the growth of these leading institutions, it's time you watch these stocks.