News for 'Office of Profit'

When Will Kejriwal Government Fall?

When Will Kejriwal Government Fall?

Rediff.com11 Apr 2024

For someone who is such an indefatigable litigant, what is stopping Mr Saxena from using the law to depose Mr Kejriwal? Maybe we will get the answer after May 25, notes Aditi Phadnis.

TCS will ask employees to return to offices post pandemic

TCS will ask employees to return to offices post pandemic

Rediff.com10 Jun 2021

Tata Sons chairman N Chandrasekaran on Thursday said even though a "hybrid" model will be the new normal in future, India's largest software exporter TCS will ask employees to come to work once the pandemic is over as social interactions are a social necessity. "I do want to make the point that people need to meet people. It is a social necessity. "So, there will be a shift towards moving people to work when the pandemic gets over," Chandrasekaran, who also chairs TCS, said at the company's annual general meeting. At present, 97 per cent of the company's staff have been working from their homes because of the pandemic, he said, admitting that a "hybrid" model where people work from homes and also from offices will be the new normal.

The Dyslexic Who Built A 30 Crore Business

The Dyslexic Who Built A 30 Crore Business

Rediff.com29 Dec 2023

'I have saved your name on my phone, but I cannot read or pronounce it.' 'I am able to recognise my wife's name today because after seeing it for so long, it has been imprinted in my mind as a picture and not the letters.'

Pakistan's new President Zardari to forgo salary, here's why

Pakistan's new President Zardari to forgo salary, here's why

Rediff.com12 Mar 2024

Pakistan's newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.

The 58-year-old woman overseeing India's $4.7 trillion equities market

The 58-year-old woman overseeing India's $4.7 trillion equities market

Rediff.com12 Mar 2024

Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.

Stock markets: Is it time to book profits?

Stock markets: Is it time to book profits?

Rediff.com14 Jun 2016

The sentiment around Indian equities remains positive and unchanged.

Campus Placements At IITs Getting Tough

Campus Placements At IITs Getting Tough

Rediff.com8 Jul 2024

Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.

Took conscious call to shun high-cost deposits: HDFC Bank

Took conscious call to shun high-cost deposits: HDFC Bank

Rediff.com28 Feb 2024

HDFC Bank has been conscious in not accepting high-cost deposits, which have resulted in slower growth in October-December, said Sashidhar Jagdishan, managing director and chief executive officer, during an interaction with Goldman Sachs recently. He said during times of tight liquidity, short terms hardened, as was the case in October-December. "Not only did we participate, but we also gave up which came up for maturity," he said.

BJP's Sanjay Seth wins 8th RS seat in UP with help from SP's MLAs

BJP's Sanjay Seth wins 8th RS seat in UP with help from SP's MLAs

Rediff.com28 Feb 2024

Uttar Pradesh Deputy Chief Ministers Keshav Prasad Maurya and Brajesh Pathak said on Tuesday night that all the eight candidates of the Bharatiya Janata Party have won in the Rajya Sabha elections from the state.

Congress, SP watch as MLAs help BJP win extra RS seats

Congress, SP watch as MLAs help BJP win extra RS seats

Rediff.com27 Feb 2024

The Congress on Tuesday suffered a major upset in Himachal Pradesh at the hands of the Bharatiya Janata Party in the Rajya Sabha elections which were marred by cross-voting in all the three states though it won three seats in Karnataka while the saffron party pocketed an extra seat in Uttar Pradesh.

Apple posts largest profit in corporate history

Apple posts largest profit in corporate history

Rediff.com28 Jan 2015

Profit of $18 billion was the biggest ever reported by a public company, worldwide.

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

'Rural areas been stressed for many FMCG companies'

'Rural areas been stressed for many FMCG companies'

Rediff.com15 Feb 2024

'In staples, we have still managed in rural areas.'

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

'Yatra should be able to make profits by 2019'

'Yatra should be able to make profits by 2019'

Rediff.com12 Sep 2017

Dhruv Shringi, co-founder and chief executive officer (CEO) at Yatra, tells Ajay Modi that Indian online travel market is definitely moving into a duopoly situation.

TCS Q1 net profit up 10.8% at Rs 8,131 crore

TCS Q1 net profit up 10.8% at Rs 8,131 crore

Rediff.com9 Jul 2019

Revenue of the Mumbai-based firm grew 11.4 per cent to Rs 38,172 crore in the June 2019 quarter, compared to Rs 34,261 crore in the same quarter of 2018-19.

Wipro Q2 net profit jumps 35% to Rs 2,552 crore

Wipro Q2 net profit jumps 35% to Rs 2,552 crore

Rediff.com15 Oct 2019

Wipro has guided for 0.8-2.8 per cent sequential growth in IT service revenue for December quarter, saying revenue from that business is expected to be $ 2,065-2,106 million.

Insurance claims drop 30-35% during Chennai floods compared to 2015

Insurance claims drop 30-35% during Chennai floods compared to 2015

Rediff.com1 Jan 2024

Yet another first week of December brought familiar scenes of rain, storm, flooding, power outages, and fallen trees. When Cyclone Michaung wreaked havoc, leading to the heaviest rainfall in 47 years in the city, residents of Chennai drew parallels to the devastating floods of 2015. However, initial data on insurance claims suggests that the impact this time may portray a more optimistic scenario.

Should Banks Be Closed On ALL Saturdays?

Should Banks Be Closed On ALL Saturdays?

Rediff.com25 Jul 2023

Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.

German soccer bomb suspect wanted to profit on stocks: prosecutor

German soccer bomb suspect wanted to profit on stocks: prosecutor

Rediff.com21 Apr 2017

In a statement, the federal chief prosecutor said the 28-year old man, a dual German and Russian national identified as Sergei V., had bought options on Borussia Dortmund's stock before the attack.

Indian-American Garima Verma named digital director in Office of the First Lady

Indian-American Garima Verma named digital director in Office of the First Lady

Rediff.com15 Jan 2021

Verma, who was born in India, grew up in Ohio and the Central Valley of California. She served as an audience development and content strategist on the Biden-Harris campaign, the transition team said on Thursday.

May have under-reported India income, BBC tells tax dept

May have under-reported India income, BBC tells tax dept

Rediff.com7 Jun 2023

British broadcaster BBC has communicated to the income-tax department that some of its past income, for its operations in India, could have gone unreported during the statutory filing of returns and hence it would like to amend it, official sources said on Wednesday.

Tata Realty to scale up business in India, overseas

Tata Realty to scale up business in India, overseas

Rediff.com27 Nov 2023

Tata Realty and Infrastructure, a subsidiary of Tata Sons, is looking to expand its business with over 50 projects across major cities in India, Sri Lanka, and the Maldives. The combined projects boast a development potential exceeding 51 million sq ft, according to a top executive. The Mumbai-based real estate major has completed the first phase of project developments in Male (the Maldives), and is gearing up for the second phase. It has also expanded its footprint in Sri Lanka and plans to add about 2 million sq ft. in Colombo.

Have Salman, SRK lost their mojo at the box office?

Have Salman, SRK lost their mojo at the box office?

Rediff.com24 Aug 2017

Given the recent spate of commercial flops, has Bollywood become immune to star power?

Why over 50,000 profitable firms pay no tax

Why over 50,000 profitable firms pay no tax

Rediff.com22 Mar 2016

Companies making larger profits are now paying a lower rate of effective tax because of concessions

Bloodbath on the bourses: Sensex tanks 1,628 pts

Bloodbath on the bourses: Sensex tanks 1,628 pts

Rediff.com17 Jan 2024

Axis Bank, Tata Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, and Bajaj Finance were among the other major laggards. Tata Consultancy Services, Reliance Industries, UltraTech Cement, Infosys, HCL Technologies, and Tech Mahindra were among the gainers.

Nilekani-backed people+ai rolls out AI strategy...

Nilekani-backed people+ai rolls out AI strategy...

Rediff.com8 May 2024

An initiative of Nandan Nilekani's EkStep Foundation, people+ai on Tuesday unveiled its vision for the future of Artificial Intelligence (AI) in India, dubbed 'Adbhut India' (Amazing India). It aims to harness AI as a powerful tool to enhance the lives of all Indians. The event marked the rollout of several initiatives by people+ai that are focused on discovering, demonstrating, and disseminating population-scale AI use cases for India.

Queue for MF licences thins amid quick Sebi approval, withdrawals

Queue for MF licences thins amid quick Sebi approval, withdrawals

Rediff.com15 Nov 2023

The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes. There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.

Disney-Star & RIL JV will see loss of $400 mn on $3.5 bn revenue next FY

Disney-Star & RIL JV will see loss of $400 mn on $3.5 bn revenue next FY

Rediff.com20 Mar 2024

Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.

TCS Q1 net profit falls 5.9% to Rs 5,945 crore

TCS Q1 net profit falls 5.9% to Rs 5,945 crore

Rediff.com13 Jul 2017

The company, however, posted a marginal increase of 1 per cent in its consolidated revenue at Rs 29,584 crore

Are the Khans finished at the box office?

Are the Khans finished at the box office?

Rediff.com1 Jan 2019

'It was a rare year when all three Khans -- Shah Rukh, Aamir, and Salman had a release each -- failed to deliver.' 'The performance of their films at the box office reflected the dwindling magnetism of the star when it came to getting people to the theatres.'

BSE at odds with NSE over 'high' clearing and settlement charges

BSE at odds with NSE over 'high' clearing and settlement charges

Rediff.com16 Feb 2024

Rising outgo towards clearing and settlement fees has led to an altercation between the BSE and the National Stock Exchange of India (NSE), with the latter striking down the former's request to lower the charges. NSE said it has no plans to restructure the same and that it will continue with the pricing defined under the interoperability framework. The interoperability framework, introduced in 2019, allows trades executed on any of the exchanges to be settled or cleared at either of the two clearing corporations -- NSE Clearing (NCL) or Indian Clearing Corporation (ICCL), fully-owned by the NSE and the BSE, respectively.

Do You Have Cyber Insurance?

Do You Have Cyber Insurance?

Rediff.com15 Dec 2023

Cyber insurance policies cover ransomware attacks and the ensuing damages, including ransom payments, data restoration costs, forensic and other first-party costs, and loss of profit due to business interruption.

'Air India to return to operating profit in FY16'

'Air India to return to operating profit in FY16'

Rediff.com2 Apr 2015

The airline expects seat occupancy of 77.7 per cent on domestic routes.

Electoral bonds: Sibal seeks SIT probe into 'quid pro quo'

Electoral bonds: Sibal seeks SIT probe into 'quid pro quo'

Rediff.com15 Mar 2024

Rajya Sabha MP Kapil Sibal on Friday described the electoral bonds scheme as a 'very big scam' and demanded that a special investigation team (SIT) be set up with court-appointed officials to probe the alleged quid pro quo and wrongdoings under it.

Byju Raveendran talks 'struggles', not layoffs

Byju Raveendran talks 'struggles', not layoffs

Rediff.com30 Jun 2023

After assuring shareholders that Byju's is on a strong footing, Chief Executive Officer Byju Raveendran, after much delay, spoke to employees in a townhall session. In his first-ever address to employees since problems began at Byju's, Raveendran spoke about the resignation of auditors and board members, the Term Loan B dispute, and the future of educational technology (edtech). Raveendran also asked his team to 'rise above the noise' and work with resilience and determination.

Broking industry's race to the top: Groww poised to pip Zerodha, but...

Broking industry's race to the top: Groww poised to pip Zerodha, but...

Rediff.com4 Oct 2023

The broking industry's pecking order is set to change with Groww, a fin-tech startup from Bengaluru, poised to topple the industry's poster boy, Zerodha, as the leading brokerage in the number of active investors. According to data provided by the portal Topsharebrokers.com, Zerodha has 6.32 million active investors, while Groww is at 5.99 million. It is projected that Groww, which has grown at a much faster clip over the past two years, will surpass Zerodha this month, or next month.

India Inc's sales, profit growth weakest in 2 years

India Inc's sales, profit growth weakest in 2 years

Rediff.com1 Jun 2015

This was even as the country's economy grew by 7.3%.

2 bodies, including one of soldier, found in Anantnag on Day 6 of op

2 bodies, including one of soldier, found in Anantnag on Day 6 of op

Rediff.com18 Sep 2023

Security forces found two bodies from the Gadole forest area in Jammu and Kashmir's Anantnag district on the sixth day of an anti-terror operation on Monday even as Lieutenant Governor Manoj Sinha vowed to avenge the death of three officers and a soldier, who were killed by terrorists in an encounter.

Raveendran puts Rs 4K cr own wealth into Byju's

Raveendran puts Rs 4K cr own wealth into Byju's

Rediff.com6 Dec 2023

Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of personal capital into the company in recent months. This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders. "Raveendran has pledged personal property to assist the company in dealing with the crisis. "He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company," said a person familiar with the matter.