News for 'OED'

Celebi's clearance revoked citing unprecedented threat: Govt

Celebi's clearance revoked citing unprecedented threat: Govt

Rediff.com22 May 2025

The Indian government defended its decision to revoke the security clearance of Turkey-based Celebi without warning, citing an "unprecedented" threat to aviation security. Solicitor General Tushar Mehta argued that giving a hearing or reasons before taking action would "defeat the purpose" in matters of national security. The decision came after Turkey backed Pakistan and condemned India's airstrikes on terror camps in the neighboring country. Celebi, which operates at nine Indian airports, has challenged the government's move in court.

RCB meet LSG, have last opportunity for Top-2 finish

RCB meet LSG, have last opportunity for Top-2 finish

Rediff.com26 May 2025

RCB were in red-hot form before the league's 10-day pause due to the India-Pakistan military conflict, winning four matches on the trot. But the break appears to have disrupted their momentum.

Mayank Yadav out with injury; LSG name replacement

Mayank Yadav out with injury; LSG name replacement

Rediff.com15 May 2025

BCCI, NCA left red-faced as Mayank''s back injury resurfaces thrice in one year

Watch Frederick Forsyth's Movies On OTT

Watch Frederick Forsyth's Movies On OTT

Rediff.com10 Jun 2025

A must read for a generation that grew up on his novels.

Maruti Suzuki PV production down 16% Y-o-Y in Oct

Maruti Suzuki PV production down 16% Y-o-Y in Oct

Rediff.com4 Nov 2024

Car market leader Maruti Suzuki India cut production of its passenger cars by 16 per cent last month but increased those of utility vehicles by 33 per cent compared to October 2023, according to a regulatory filing by the company. Its passenger cars production stood at 89,174 units last month against 1,06,190 units in October 2023, down 16 per cent, Maruti Suzuki India said in the filing.

Indian Reits distribute Rs 6,070 crore in FY25, up 13% from previous year

Indian Reits distribute Rs 6,070 crore in FY25, up 13% from previous year

Rediff.com16 May 2025

India's four listed Real Estate Investment Trusts (Reits) collectively distributed 13 per cent more funds to their shareholders in fourth quarter of financial year 2024-25 (Q4FY25) at Rs 1,553 crore on year, reflecting the growing strength of the sector fuelled by strong leasing activity, especially from Global Capability Centres (GCCs).

Strong cash flows, robust pipeline positive for Godrej Properties

Strong cash flows, robust pipeline positive for Godrej Properties

Rediff.com14 Feb 2025

The pre-sales volume of Godrej Properties (GPL) for third quarter of the financial year 2025 (Q3FY25) declined 6 per cent year-on-year (Y-o-Y) -- down 21 per cent quarter-on-quarter (Q-o-Q) -- to 4.1 million square feet (msf), resulting in a pre-sales value of Rs 5,450 crore, down 5 per cent each Y-o-Y and Q-o-Q. About 77 per cent came from newly launched projects. For 9MFY25, pre-sales were up 48 per cent Y-o-Y to Rs 19,300 crore.

Equity MF inflows down 3% at Rs 24,269 cr in April

Equity MF inflows down 3% at Rs 24,269 cr in April

Rediff.com17 May 2025

Inflows into equity mutual fund (MF) schemes declined for a fourth consecutive month in April, even as systematic investment plan (SIP) inflows reached a record high of about Rs 26,632 crore.

Williams stuns Trump, becomes oldest player to reach World snooker final

Williams stuns Trump, becomes oldest player to reach World snooker final

Rediff.com4 May 2025

Welshman Mark Williams rolled back the years and advanced to the World Snooker Championship final by defeating world number one Judd Trump 17-14 at the Crucible on Saturday, the 50-year old becoming the oldest player to reach the decider.

Virat Kohli's Dashing New Look For IPL 2025

Virat Kohli's Dashing New Look For IPL 2025

Rediff.com15 Mar 2025

Virat Kohli opted for a sharp side fade complemented by his signature well-groomed beard.

'Devdas Made People Realise I Could Act'

'Devdas Made People Realise I Could Act'

Rediff.com22 May 2025

'I saw Bimal Roy's Devdas again a few years ago, almost 50 years after it had been made.' 'I found it very intelligently made; the scenes flowed so beautifully.' 'There is just one scene with both Suchitra Sen and me in the film, and it's beautiful.'

OpenAI says India poised to be AI talent powerhouse

OpenAI says India poised to be AI talent powerhouse

Rediff.com6 Jun 2025

India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission.

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Rediff.com28 Jan 2025

Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.

Paint major Berger's palette finds contrast in a washed-out quarter

Paint major Berger's palette finds contrast in a washed-out quarter

Rediff.com26 May 2025

Listed paint majors posted another lacklustre showing in the January-March quarter (Q4) of 2024-25 (FY25), with average revenue growth under 3 per cent. Sales were weighed down by Asian Paints - the market leader and the only major to report a year-on-year (Y-o-Y) decline.

Brokerages split after JSW Steel Q3 results miss estimates

Brokerages split after JSW Steel Q3 results miss estimates

Rediff.com28 Jan 2025

Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.

Can Airtel convert AGR dues into govt equity?

Can Airtel convert AGR dues into govt equity?

Rediff.com15 May 2025

Bharti Airtel vice-chairman & managing director Gopal Vittal on Wednesday said while a call on exercising the option of converting pending spectrum dues into government equity would be taken by its board, the company had reached out to the Department of Telecommunications (DoT) to confirm whether it could do so. "On the adjusted gross revenue (AGR) conversion, it was simple.

Gold loan offtake stays strong amid retail loan moderation in January

Gold loan offtake stays strong amid retail loan moderation in January

Rediff.com1 Mar 2025

The gold loan portfolio of banks continued to show strong off-take with 76 per cent year-on-year (Y-o-Y) growth in January 2025 amid moderation in retail credit - especially in the unsecured credit segment - following increase in risk weights in November 2023. The gold loan pool had grown 17.4 per cent Y-o-Y in January 2024.

Slow margin recovery likely to remain a headwind for LTIMindtree

Slow margin recovery likely to remain a headwind for LTIMindtree

Rediff.com26 Jan 2025

LTIMindtree's (LTIM's) December quarter revenue, at $1.139 billion, was up 1.8 per cent quarter-on-quarter (Q-o-Q) (5.6 per cent year-on-year or Y-o-Y) in constant currency (CC) terms, marginally ahead of expectations.

Cautious state-run banks expect 11-13% credit growth in FY26

Cautious state-run banks expect 11-13% credit growth in FY26

Rediff.com20 May 2025

Despite sharp interest rate cuts expected in this financial year amid easy liquidity conditions, state-run banks are treading cautiously on their loan growth projections for FY26. Most large banks are projecting loan growth at 11-13 per cent, almost similar to the previous financial year.

Seen So Many Ladies On Bikes?

Seen So Many Ladies On Bikes?

Rediff.com1 Apr 2025

Thousands of youth and others, dressed in traditional attire, participated in a procession, performing traditional arts o celebrate Gudi Padwa on Sunday, March 30, 2025.

Shoe pinches for most large footwear companies

Shoe pinches for most large footwear companies

Rediff.com11 Mar 2025

Footwear companies were among the weakest performers in the consumer discretionary sector during the October-December quarter (Q3) of 2024-25. The combined revenue growth of the top four listed firms was just 2.9 per cent year-on-year (Y-o-Y) - the lowest among major discretionary categories.

Analysts maintain 'Buy' calls on ICICI Bank after Q3; see up to 32% upside

Analysts maintain 'Buy' calls on ICICI Bank after Q3; see up to 32% upside

Rediff.com28 Jan 2025

Defying the bearish sentiment in the markets on Monday, ICICI Bank's share price rose by 2 per cent, reaching an intraday high of Rs 1,234.4 per share on the BSE. With a 1.5 per cent gain at the close, the stock emerged as the top performer on both the BSE Sensex and the National Stock Exchange Nifty 50 indices.

Reliance Q4 profit rises 2.4%, becomes 1st co with Rs 10 lakh cr networth

Reliance Q4 profit rises 2.4%, becomes 1st co with Rs 10 lakh cr networth

Rediff.com25 Apr 2025

Reliance Industries Ltd on Friday reported a 2.4 per cent rise in its March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost. Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March - the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was higher than Rs 18,951 crore, or Rs 14 a share, in the same period a year back, the company said in a statement.

Margin pressures, growth triggers to weigh on Dr Reddy's

Margin pressures, growth triggers to weigh on Dr Reddy's

Rediff.com21 May 2025

Pharma major Dr Reddy's Laboratories delivered a muted operational performance in the fourth quarter of financial year 2024-25 (Q4FY25), even as revenue growth remained healthy. Lower gross margin performance and muted domestic growth are key concerns. Most brokerages have a "Sell" or "Reduce" rating as there are uncertainties related to the development of a new product portfolio and the launch timelines.

With LSG hopes in the balance it's time for Pant to fire

With LSG hopes in the balance it's time for Pant to fire

Rediff.com18 May 2025

Rishabh Pant will aim to hit the refresh button after a wretched run, as Lucknow Super Giants make one last-ditch attempt to stay alive in the IPL play-offs race by winning their remaining three league matches, starting with the clash against Sunrisers Hyderabad in Lucknow on Monday.

Page writes snooker history with two 147s in one match

Page writes snooker history with two 147s in one match

Rediff.com15 Apr 2025

Welshman Jackson Page made history on Monday as the first player to hit two maximum 147 breaks in a single match and received a 147,000 pounds ($193,937.10) bonus for his unique feat.

Why jewellery giant Titan will continue to shine

Why jewellery giant Titan will continue to shine

Rediff.com17 May 2025

Strong margins in the jewellery segment in Q4FY25, steady growth guidance for FY26 and expectations of outperformance in the organised jewellery sector boosted sentiment for the largest listed jewellery maker by market capitalisation, Titan Company. The stock was the highest gainer on the benchmark indices (Sensex as well as Nifty), rising 4.1-4.5 per cent at close on Friday, taking the total gains over the past month to about 12 per cent.

10 Stocks That Soared While Market Sank

10 Stocks That Soared While Market Sank

Rediff.com24 Mar 2025

The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.

Trump removes office desk after Musk's son's booger incident

Trump removes office desk after Musk's son's booger incident

Rediff.com22 Feb 2025

According to the paper, Trump is known for his extreme germophobia. Trump has spoken openly about his phobia of germs in the past too.

Power utilities likely to see moderate growth in Q3 earnings

Power utilities likely to see moderate growth in Q3 earnings

Rediff.com22 Jan 2025

Power utilities may report moderate growth in earnings for Q3FY25. Generation is up 3 per cent year-on-year (Y-o-Y) in Q3 on lower cooling demand and high base, to 429 billion units (BU). Peak demand was steady at 224 Gw in Q3FY25, a 10 per cent decline from the record highs of 250 Gw in May 2024.

Growth jitters take a 'byte' out of TCS

Growth jitters take a 'byte' out of TCS

Rediff.com27 Feb 2025

Shares of Tata Consultancy Services (TCS), the country's largest IT services provider, continue to remain under pressure, hitting a new eight-month low of Rs 3,624.90 intraday on Tuesday before closing at Rs 3,631, down 1.19 per cent. In the past two trading sessions, the stock price has declined 4 per cent on fears of a slowing US economy.

Govt revokes nod for Turkish firm Celebi's airport services; DIAL ends ties

Govt revokes nod for Turkish firm Celebi's airport services; DIAL ends ties

Rediff.com15 May 2025

Turkiye and Azerbaijan backed Pakistan and condemned India's recent strikes on terror camps in that country and Pakistan-occupied Kashmir under Operation Sindoor.

Thousands Say Goodbye To Sinead O'Connor

Thousands Say Goodbye To Sinead O'Connor

Rediff.com9 Aug 2023

Thousands of fans and well-wishers lined up the streets of Bray in Ireland to say their last goodbyes to Sinead O'Connor on August 8.

Sensex climbs 260 points on FII buying, hopes of India-US trade deal

Sensex climbs 260 points on FII buying, hopes of India-US trade deal

Rediff.com2 May 2025

Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the gainers. Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the laggards.

TMC gives 24-hr ultimatum to EC to 'accept mistake'

TMC gives 24-hr ultimatum to EC to 'accept mistake'

Rediff.com3 Mar 2025

The Trinamool Congress (TMC) has demanded that the Election Commission (EC) accept its error in issuing duplicate voter card numbers within 24 hours, threatening to release more documents on the issue if the EC fails to do so. The party alleged that the EC issued the statement after the TMC announced it would hold a press conference on the issue, and termed it an "Epic Scam." The EC had said it would rectify the issue and update its technology-driven platform, but the TMC insists the EC must accept the error. The party also demanded an in-depth probe into the matter.

RBI Forex Intervention Hits Highest In 17 Years

RBI Forex Intervention Hits Highest In 17 Years

Rediff.com23 May 2025

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.

Will money in hand from tax breaks spur housing demand?

Will money in hand from tax breaks spur housing demand?

Rediff.com21 Apr 2025

Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.

Adani Group posts record EBITDA of Rs 90K cr in FY25

Adani Group posts record EBITDA of Rs 90K cr in FY25

Rediff.com22 May 2025

Adani Group's portfolio companies posted their highest-ever pre-tax profit (EBITDA) of about Rs 90,000 crore in the fiscal year ended March 31 and had a cash balance to cover 21 months of debt servicing, the ports-to-energy conglomerate said on Thursday. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) has more than tripled in six years - from Rs 24,870 crore in 2018-19 to Rs 89,806 crore in 2024-25 (April 2024 to March 2025).

Demand woes likely to keep a lid on HUL stock in near term

Demand woes likely to keep a lid on HUL stock in near term

Rediff.com24 Jan 2025

The October-December quarter (Q3FY25) results of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) indicated weak demand, with urban growth muted and rural showing recovery. Consolidated revenue grew by 1.6 per cent (volume was flat) to Rs 15,818 crore, due to price hikes. Prices of key raw materials such as palm oil and tea remained elevated, leading to compression of gross margin.

Kerala shocker: Police tell Dalit woman to drink water from toilet

Kerala shocker: Police tell Dalit woman to drink water from toilet

Rediff.com20 May 2025

Her claims of being detained overnight at the police station without food or sleep and being asked to drink toilet water by police personnel have sparked widespread outrage.