News for 'Office of Profit'

Protests against new law in Dhaka, secretariat locked down

Protests against new law in Dhaka, secretariat locked down

Rediff.com26 May 2025

Government employees in Bangladesh locked down the main gate of the Bangladesh Secretariat in Dhaka, protesting a new service law that allows for easier dismissal of officials for misconduct. The protest, which lasted for about half an hour, disrupted government operations. The employees also threatened to continue their protests until the ordinance was scrapped. Meanwhile, the protest by employees of the Dhaka South City Corporation, demanding the installation of BNP leader Ishraque Hossain as its mayor, has brought administrative services to a halt. These protests, coupled with concerns raised by the business community and the military, highlight a growing sense of unease in Bangladesh over the policies of the interim government.

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Rediff.com28 Oct 2024

Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.

TCS calls Gen AI a 'civilisational shift'

TCS calls Gen AI a 'civilisational shift'

Rediff.com28 May 2025

India's largest IT services company TCS believes that generative artificial intelligence (AI) is not just another tech cycle but a "civilisational shift" which will positively benefit every industry.

Diplomacy, Royalty, Humanity On OTT

Diplomacy, Royalty, Humanity On OTT

Rediff.com9 May 2025

There's room for all kinds on OTT this week, as Sukanya Verma tells us.

'Ready To Launch 5 products In 18 Months'

'Ready To Launch 5 products In 18 Months'

Rediff.com5 Jun 2025

'We recently launched Yesintek in the immunology space.'

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).

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Rediff.com21 Jun 2025

Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.

Licious gears up for IPO with new CFO, profit pursuit

Licious gears up for IPO with new CFO, profit pursuit

Rediff.com29 May 2024

Fresh meat and seafood delivery unicorn Licious is intensifying its talent acquisition endeavours as it pursues profitability and readies for an initial public offering (IPO) within the next 24 months. Delightful Gourmet, Licious' parent company, has named 39-year-old Karishma Gupta as its new chief financial officer (CFO). Her appointment aligns with Licious' drive for profitable growth through an omnichannel strategy.

'My Job Is To Be A Facilitator'

'My Job Is To Be A Facilitator'

Rediff.com23 Jun 2025

'My job is to provide people with a bouquet of options they can choose from.'

Unicorns Carve Profits In Funding Winter

Unicorns Carve Profits In Funding Winter

Rediff.com22 Aug 2023

'Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand.'

HCL Tech Q4 net profit flat at Rs 3,986 cr

HCL Tech Q4 net profit flat at Rs 3,986 cr

Rediff.com26 Apr 2024

India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as "decent" in view of the global macroeconomic conditions.

SC to examine Article 363's reach on erstwhile princely properties

SC to examine Article 363's reach on erstwhile princely properties

Rediff.com3 Jun 2025

Article 363 bars the interference of courts in any disputes which may arise from certain treaties, agreements, covenants, sanad, engagements, etc., executed between a princely state and the government of India.

Why Affordable Housing Will Remain Muted Despite Rate Cut

Why Affordable Housing Will Remain Muted Despite Rate Cut

Rediff.com10 Jul 2025

While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.

Hero expects EV biz to break even with 30K monthly sales

Hero expects EV biz to break even with 30K monthly sales

Rediff.com15 May 2025

Hero MotoCorp is expecting its electric vehicle (EV) business to break even once it reaches monthly sales volumes of 25,000 to 30,000 units, which is a couple of years away, Chief Financial Officer (CFO) Vivek Anand said on Tuesday. "This year, in 2024-25 (FY25), if I really look at my EV performance, our volumes have grown by 200 per cent," Anand told analysts during the company's post-results conference call.

Infosys Q1 net profit rises 7%, hikes FY25 growth outlook

Infosys Q1 net profit rises 7%, hikes FY25 growth outlook

Rediff.com18 Jul 2024

IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to Rs 6,368 crore in the April-June quarter, compared to Rs 5,945 crore in the same period a year back, according to a stock exchange filing by the company.

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Rediff.com27 May 2025

Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore. Speaking at an internal town hall, Krishnamurthy said the company's leadership structure is strengthening and that the steps toward relocating Flipkart's legal base to India are progressing as planned, according to people familiar with the matter.

Why You May Get An I-T Notice

Why You May Get An I-T Notice

Rediff.com17 Jun 2025

'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'

Time To Book Profits In PSU Funds?

Time To Book Profits In PSU Funds?

Rediff.com4 Mar 2024

While near-term performance is difficult to predict after a huge run-up, fund managers believe the PSU theme's prospects remain sound over the medium to long term.

It Starts With A Casual Bet And Then...

It Starts With A Casual Bet And Then...

Rediff.com4 Jul 2025

In 2025 alone, at least 50 suicides linked to online gambling losses have been reported across India. According to FIRs, the victims were addicted to betting, largely driven by cricket, rummy and poker.

Kotak Mahindra Bank reports 25% rise in Q4 net profit

Kotak Mahindra Bank reports 25% rise in Q4 net profit

Rediff.com4 May 2024

Kotak Mahindra Bank on Saturday reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins. On a standalone basis, the city-headquartered lender's Q4 net profit grew 18 per cent to Rs 4,133 crore. The FY24 consolidated net profit grew 22 per cent to Rs 18,213 crore.

'If You're Chewing Gum, That's Plastic'

'If You're Chewing Gum, That's Plastic'

Rediff.com5 Jun 2025

'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'

Why This Banker Didn't Get Promoted!

Why This Banker Didn't Get Promoted!

Rediff.com2 May 2025

The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?

Brazil's Embraer in talks with IndiGo, A-I to strengthen foot print in India

Brazil's Embraer in talks with IndiGo, A-I to strengthen foot print in India

Rediff.com2 Jun 2025

Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian market. Besides, the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats.

Fake Invoices: Beware! IT Reopens Old Assessments

Fake Invoices: Beware! IT Reopens Old Assessments

Rediff.com19 Apr 2025

These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment.

Maruti Suzuki Q3 net up 16% at Rs 3,727 cr

Maruti Suzuki Q3 net up 16% at Rs 3,727 cr

Rediff.com29 Jan 2025

Maruti Suzuki India on Wednesday said its consolidated net profit increased by 16 per cent to Rs 3,727 crore for the third quarter ended December 31, 2024. The auto major had reported a net profit of Rs 3,207 crore in the October-December period of last fiscal.

Office-of-profit: Soren writes to EC, seeks copy of Guv's 2nd opinion request

Office-of-profit: Soren writes to EC, seeks copy of Guv's 2nd opinion request

Rediff.com7 Nov 2022

Soren's comment comes in the wake of the governor saying on October 27 that he has sought a "second opinion" in the case and claimed that an "atom bomb could explode any time in Jharkhand", apparently indicating to his pending decision in the matter.

Flipkart eyes profitability ahead of IPO

Flipkart eyes profitability ahead of IPO

Rediff.com22 Jan 2024

Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.

Sidda's advisor quits, cites grants shortage due to poll guarantees

Sidda's advisor quits, cites grants shortage due to poll guarantees

Rediff.com2 Feb 2025

Aland Congress MLA B R Patil resigned as Chief Minister Siddaramaiah's political advisor, alleging he was not receiving grants due to the pre-poll guarantee schemes. Patil, who held the position since December 29, 2023, said he was unable to do anything for his constituency or address any other issues. He also cited the office of profit issue as a reason for his resignation.

Securities market fraud: How to avoid being misled

Securities market fraud: How to avoid being misled

Rediff.com30 Apr 2025

The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.

Why I Love Warren Buffet. It's Not What You Think

Why I Love Warren Buffet. It's Not What You Think

Rediff.com12 May 2025

'He has been one of the clearest thinkers in the history of business.'

Situation in Nagpur completely peaceful, no tension anywhere: Fadnavis

Situation in Nagpur completely peaceful, no tension anywhere: Fadnavis

Rediff.com23 Mar 2025

Curfew has been lifted in Nagpur after six days of violence that rocked the city. The situation is now peaceful, according to Maharashtra Chief Minister Devendra Fadnavis. The violence, which began on March 17, was sparked by rumors that a "chadar" with holy inscriptions was burned during protests by the VHP and Bajrang Dal demanding the removal of Mughal emperor Aurangzeb's tomb. The police have arrested more than 100 people in connection with the violence.

Tesla's EVs to start rolling out of Satara in Maharashtra?

Tesla's EVs to start rolling out of Satara in Maharashtra?

Rediff.com19 May 2025

The US carmaker's entry into India is expected by the last quarter of the current financial year.

Beed sarpanch murder: Dhananjay Munde offers to resign

Beed sarpanch murder: Dhananjay Munde offers to resign

Rediff.com29 Jan 2025

Amid opposition call for his resignation over the Beed sarpanch murder case, Maharashtra minister Dhananjay Munde on Wednesday said he is ready to quit if asked by Chief Minister Devendra Fadnavis or deputy CM Ajit Pawar.

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Rediff.com22 May 2025

For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.

Sonia, Rahul conspired to usurp Rs 2,000-cr AJL assets: ED

Sonia, Rahul conspired to usurp Rs 2,000-cr AJL assets: ED

Rediff.com16 Apr 2025

The Enforcement Directorate (ED) has filed a chargesheet in the National Herald case, accusing Congress leaders Sonia Gandhi and Rahul Gandhi of a "criminal conspiracy" to "usurp" properties worth Rs 2,000 crore of its public company AJL by transferring 99 per cent shares for just Rs 50 lakh to their private company Young Indian. The ED has named Sonia Gandhi as accused no 1 and Rahul Gandhi as accused no 2 in the chargesheet, which was filed under various sections of the Prevention of Money Laundering Act (PMLA).

Protesters against DOGE target Tesla stores across US

Protesters against DOGE target Tesla stores across US

Rediff.com30 Mar 2025

Protesters across the United States and Europe have gathered outside Tesla dealerships to express their opposition to billionaire Elon Musk's involvement in the US government, Al Jazeera reported.

Adani Ports, JSW Infra make logistics anchor for cargo growth plans

Adani Ports, JSW Infra make logistics anchor for cargo growth plans

Rediff.com24 May 2025

Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. "With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space.

150 years of BSE: When 100 banks failed and took stockbrokers with them

150 years of BSE: When 100 banks failed and took stockbrokers with them

Rediff.com27 Apr 2025

Like with all great crashes, some had noticed the cracks. "... cash balances (of banks) seem, from the available indications, to be hopelessly inadequate; and it is hard to doubt that in the next bad times they will go down like ninepins. If such a catastrophe occurs, the damage inflicted on India will be far greater than the direct loss falling on the depositors," said John Maynard Keynes in his May 1913 work "Indian Currency and Finance", written before his path-breaking work in macroeconomics laid the foundation of dealing with global crises.

Wipro Q4 net profit falls; new CEO flags uncertainty in macro environment

Wipro Q4 net profit falls; new CEO flags uncertainty in macro environment

Rediff.com19 Apr 2024

IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.

IndusInd Bank Officials Face Insider Trading Probe

IndusInd Bank Officials Face Insider Trading Probe

Rediff.com28 Mar 2025

The sales of company shares by 5 senior executives have come under scrutiny as IndusInd shares declined over 30 per cent due to losses incurred by from its derivatives exposure.