News for 'Office of Profit'

'If You Want To Invest Directly, Ensure...'

'If You Want To Invest Directly, Ensure...'

Rediff.com27 Aug 2024

'...you evaluate three key factors before committing your money.'

Shift Of Power In Parliament Post Polls

Shift Of Power In Parliament Post Polls

Rediff.com13 Jun 2024

The increased numbers of the Opposition bloc would mean that their MPs are likely to head several more panels than the four that they did by the end of the term of the 17th Lok Sabha.

India Inc's capital expenditure slows despite jump in net profits

India Inc's capital expenditure slows despite jump in net profits

Rediff.com22 Jun 2022

The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.

How FarmDidi Is Changing Lives

How FarmDidi Is Changing Lives

Rediff.com20 Sep 2024

Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.

High commodity prices hit India Inc's profits, margins

High commodity prices hit India Inc's profits, margins

Rediff.com17 Aug 2021

After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.

'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.'

'Payment banks' micro-lending to significantly impact economy'

'Payment banks' micro-lending to significantly impact economy'

Rediff.com12 Jun 2024

'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.'

Review Your Mutual Fund Portfolios!

Review Your Mutual Fund Portfolios!

Rediff.com19 Aug 2024

'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'

'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.'

Why Has SIP Activity Jumped?

Why Has SIP Activity Jumped?

Rediff.com11 May 2024

'Ideally, one should not time SIPs.' 'If people churn their SIP portfolios, then they are equating the concept of SIPs to lump sums.'

With love from govt: Synchronised tax surveys on BBC's Delhi, Mumbai offices

With love from govt: Synchronised tax surveys on BBC's Delhi, Mumbai offices

Rediff.com14 Feb 2023

The surprise action comes weeks after the broadcaster aired a two-part documentary on the 2002 Gujarat riots and India.

Tax survey at BBC offices: UK govt 'closely monitoring' situation

Tax survey at BBC offices: UK govt 'closely monitoring' situation

Rediff.com15 Feb 2023

While there has been no official statement related to the action, British government sources said they are 'closely monitoring reports of tax surveys conducted at the offices of the BBC in India'.

The major decisions taken by the GST Council

The major decisions taken by the GST Council

Rediff.com22 Jun 2024

In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.

The Rise Of The Mid-Range Movie Hit

The Rise Of The Mid-Range Movie Hit

Rediff.com17 Jun 2024

While super hits like Jawaan are missing this year, it has been filled with a range of medium-range hits such as Crew, Teri Baaton Ne Uljhaa Diya and Guntur Kaaram, observes Vanita Kohli-Khandekar.

'Housing finance Sector Will Only Grow'

'Housing finance Sector Will Only Grow'

Rediff.com18 Jun 2024

'The demand for housing is always increasing, and so is housing shortage.'

'Shocking That PM Gave Investing Advice'

'Shocking That PM Gave Investing Advice'

Rediff.com7 Jun 2024

'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'

In office of profit case, Delhi HC sets aside disqualification of 20 AAP MLAs

In office of profit case, Delhi HC sets aside disqualification of 20 AAP MLAs

Rediff.com23 Mar 2018

A bench of justices Sanjiv Khanna and Chander Shekhar quashed the Centre's notification disqualifying the AAP MLAs, saying the the EC's recommendation against the legislators was "bad in law" and "vitiated".

'Modi running around saying he has been offered 2036 Games'

'Modi running around saying he has been offered 2036 Games'

Rediff.com12 Aug 2024

French organisers turned Paris into an open-air Olympic playground where everyone was invited, with or without a ticket.

ED seals Young Indian office in National Herald premises

ED seals Young Indian office in National Herald premises

Rediff.com3 Aug 2022

The Enforcement Directorate (ED) on Wednesday temporarily sealed the premises of Young Indian (YI) in the Congress-owned National Herald office in Delhi as part of an ongoing money laundering investigation, official sources said.

'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.'

Higher salaries to dent IT cos' profits in FY22

Higher salaries to dent IT cos' profits in FY22

Rediff.com3 Aug 2021

Indian IT services companies are likely to post a 9-12 per cent revenue growth in USD terms in FY22, helped by the strong demand for digital deals, a report said on Tuesday. However, the same will not translate into profits, because higher salaries will result in the operating profit margins for the same set of companies to come at 23 per cent from 24.2 per cent in FY21, domestic rating agency Icra said. The IT sector is one of the few sectors that have not been deeply impacted by the pandemic.

BSE now corners a fifth of derivatives market share

BSE now corners a fifth of derivatives market share

Rediff.com9 May 2024

BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).

'Indian rupee best-performing Asian currency this year'

'Indian rupee best-performing Asian currency this year'

Rediff.com29 Jun 2024

'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'

'MSMEs, mid-corporate will be focus for loan growth'

'MSMEs, mid-corporate will be focus for loan growth'

Rediff.com15 May 2024

'As these segments are growing at 25 per cent for the last three years, credit quality has been extremely good.'

Fresh trouble for AAP: EC notice to 27 MLAs on new plea over office of profit

Fresh trouble for AAP: EC notice to 27 MLAs on new plea over office of profit

Rediff.com2 Nov 2016

The 27 MLAs include seven legislators against whom the EC is already considering a similar plea for holding the office of parliamentary secretaries.

Sebi rejects NSE's proposal to extend trading hours

Sebi rejects NSE's proposal to extend trading hours

Rediff.com7 May 2024

Capital markets regulator Sebi has rejected a proposal by the National Stock Exchange (NSE) to extend the trading hours in the equity derivatives segment citing a lack of feedback from the stock brokers community. "Currently, there is no plan to extend the timings as Sebi has returned our application as the stock brokers have not given the feedback that Sebi wanted. "So, as of now, the extended time frame (plan) is shelved," NSE MD and CEO Ashishkumar Chauhan said in a post-earnings analysts call.

TCS net profit jumps 7.4% to Rs 9,926 crore in Q4

TCS net profit jumps 7.4% to Rs 9,926 crore in Q4

Rediff.com11 Apr 2022

The country's largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000 crore revenue mark for the first time and earning a net income of Rs 9,926 crore, registering a growth of 7.4 per cent year-on-year. The company said its revenue jumped 15.8 per cent to Rs 50,591 crore in the reporting quarter on an annualised basis. Many analysts were expecting the Tata group flagship to report over Rs 10,000 crore of net income and revenue to cross the Rs 50,000 crore mark this quarter.

'Demand will come back after the elections'

'Demand will come back after the elections'

Rediff.com16 Jun 2024

'The Budget will be positive, continuing on the path of growth taken so far.'

TCS Q1 profit up 28.5% to Rs 9,008 crore

TCS Q1 profit up 28.5% to Rs 9,008 crore

Rediff.com8 Jul 2021

IT major TCS on Thursday posted a 28.5 per cent increase in consolidated net profit at Rs 9,008 crore for the first quarter ended June 30, 2021. The country's biggest software services firm had posted a consolidated profit of Rs 7,008 crore in the same quarter a year ago. Consolidated revenue from operations increased by 18.5 per cent to Rs 45,411 crore compared to Rs 38,322 crore in the corresponding quarter of 2020-21.

'Banks will continue infrastructure projects financing'

'Banks will continue infrastructure projects financing'

Rediff.com26 May 2024

'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'

'Fortis plans to add 700 beds in FY25'

'Fortis plans to add 700 beds in FY25'

Rediff.com12 Jun 2024

'Our priority remains brownfield expansion, and in the next few years, we plan to increase our capacity to around 6,000 beds.'

TCS Q4 profit jumps 14.9% to Rs 9,246 cr

TCS Q4 profit jumps 14.9% to Rs 9,246 cr

Rediff.com12 Apr 2021

The country's largest software services firm, Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.

Sensex at 52k. Time for profit-booking

Sensex at 52k. Time for profit-booking

Rediff.com16 Feb 2021

'Do some profit booking and bring your equity allocation back to its original level.'

Kejriwal used 'scam' money to stay at luxury Goa hotel: ED

Kejriwal used 'scam' money to stay at luxury Goa hotel: ED

Rediff.com11 Jul 2024

Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.

Wipro Q3 net profit almost flat at Rs 2,969 cr

Wipro Q3 net profit almost flat at Rs 2,969 cr

Rediff.com12 Jan 2022

IT services major Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has logged strong performance in revenues and order bookings. The net profit attributable to shareholders in the year-ago period had stood at Rs 2,968 crore, according to a regulatory filing by Wipro. On a sequential basis, its net profit was up 1.3 per cent, it added.

Wealth managers advise clients to reduce their exposure to smallcaps

Wealth managers advise clients to reduce their exposure to smallcaps

Rediff.com26 Mar 2024

The froth in the small and midcap (SMID) space is limited to a few pockets, but regulatory scrutiny could lead to sustained volatility, observe India's top-drawer wealth managers. They add that they have been advising clients to reduce their exposure to smallcaps. Anand Rathi Wealth, which manages investor wealth through mutual funds (MFs), reports that its exposure to smallcap stocks, both through MFs and directly, has decreased by nearly 7 percentage points in the past few months, now standing at 23 per cent.

SIP inflows peak at Rs 20K crore as MFs conquer 6.4 million accounts

SIP inflows peak at Rs 20K crore as MFs conquer 6.4 million accounts

Rediff.com10 May 2024

The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility. The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March. "India's MF industry has reached yet another milestone with the SIP book crossing above Rs 20,000 crore in April 2024.