News for 'Organisation of the Market'

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

Rediff.com19 Sep 2024

State-run Life Insurance Corporation of India (LIC) has committed Rs 600 crore for its digital transformation journey, Sunder Krishnan, chief risk officer said on Wednesday. The insurance giant is also aiming to become completely "paperless" in two years. "We have hired a large system integrator for more than Rs 400 crore, a consultant for digital transformation for Rs 100 crore, and Rs 100 crore for agency transformation.

Delhi's air quality worsens as people defy Diwali firecracker ban

Delhi's air quality worsens as people defy Diwali firecracker ban

Rediff.com1 Nov 2024

The city's air quality dropped to the "very poor" category, with an Air Quality Index of 330 at 10 pm.

How Indian Weddings Got So Big, Glitzy

How Indian Weddings Got So Big, Glitzy

Rediff.com20 Nov 2024

What was once a solemn Vedic ritual is today a celebration for the entire extended family. And why not? With families living in distant cities, even continents, weddings are seen as an occasion for cousins and uncles to congregate under one roof for two or three days, observes Ambi Parmeswaran.

How RSS Plans To Win Vidarbha For BJP

How RSS Plans To Win Vidarbha For BJP

Rediff.com18 Nov 2024

'BJP and RSS may have differences over minor issues but their hearts long for one common aim -- that of A Hindu Rashtra.' 'And this time to prove this point the RSS has prepared to help BJP win this election with all its might.'

EPFO mulls reinvesting 50% of ETF redemption proceeds in equity market

EPFO mulls reinvesting 50% of ETF redemption proceeds in equity market

Rediff.com9 Feb 2024

In a bid to enhance its equity exposure and earn higher returns for its nearly 65 million subscribers, the Employees' Provident Fund Organisation (EPFO) is considering reinvesting 50 per cent of its exchange-traded funds (ETFs) redemption proceeds back into equity. Sources close to the development said a proposal regarding this was discussed in the investment committee (IC) meeting in October last year, and the recommendation has been sent to the Central Board of Trustees (CBT), the apex decision-making body of the EPFO for its approval. The next CBT meeting is scheduled to be held on Saturday.

Fresh Youth Hiring Surged In April-May

Fresh Youth Hiring Surged In April-May

Rediff.com22 Jul 2024

'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'

10 Skills That Matter At Job Interviews

10 Skills That Matter At Job Interviews

Rediff.com12 Jul 2024

Employers seek individuals who can prioritise tasks, solve problems, and work within deadlines, notes Ankit Aggarwal, founder and CEO, Unstop.

Which Would You Choose: Gelephu or Neom?

Which Would You Choose: Gelephu or Neom?

Rediff.com6 Dec 2024

Live on one of Gelephu's inhabitable bridges where elephants will saunter past, be it day or night; or be homed in a never-ending building with flying cars and robot maids? asks ambivalent Sandeep Goyal.

Dahi Handi: Insurers Cover 90,000+ Govindas

Dahi Handi: Insurers Cover 90,000+ Govindas

Rediff.com26 Aug 2024

'As on August 25, 94,753 Govindas have been insured.' 'This number is expected to rise further, as proposals for 5,000 to 8,000 Govindas are received daily.'

Indian food services sector to grow by 8.1% from 2024 to 2028: Report

Indian food services sector to grow by 8.1% from 2024 to 2028: Report

Rediff.com10 Jul 2024

Indian food services sector is expected to grow at a CAGR (compounded annual growth rate) of 8.1 per cent between 2024 and 2028 on the back of rapid urbanisation, robust GDP growth, a rising younger population, and greater exposure among consumers, said a new report. The India Food Services Report-2024, brought out by the National Restaurants Association of India (NRAI), states that the sector contributes 1.9 per cent to India's GDP and is projected to grow to Rs 7.76 trillion by 2028 from Rs 5.69 trillion currently.

How Ratan Tata reacted when govt picked BMW bullet-proof cars over TaMo

How Ratan Tata reacted when govt picked BMW bullet-proof cars over TaMo

Rediff.com10 Oct 2024

On another occasion, he recalled, as part of the SPG, he was tasked with the security of the then prime minister Manmohan Singh and assigned the responsibility of escorting Tata from Taj Mansingh Hotel in New Delhi.

Vijay 69 Review: Bland

Vijay 69 Review: Bland

Rediff.com8 Nov 2024

It's too bad Viijay 69 does not let the viewer feel Anupam Kher's despair or his triumph. The most forgettable 'zero to hero' films at least managed that much, notes Deepa Gahlot.

L&T eyes up to Rs 40K cr in pre-sales from realty business

L&T eyes up to Rs 40K cr in pre-sales from realty business

Rediff.com7 Oct 2024

Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.

Exports up 17.25% in Oct; highest in over 2 years

Exports up 17.25% in Oct; highest in over 2 years

Rediff.com14 Nov 2024

India's merchandise exports in October rose by 17.25 per cent to $39.2 billion against $33.43 billion a year ago, according to government data released on Thursday. Imports increased by 3.9 per cent to $66.34 billion in October compared to $63.86 billion in the year-ago period.

Wife of man shot dead while returning home sues Sheikh Hasina

Wife of man shot dead while returning home sues Sheikh Hasina

Rediff.com19 Aug 2024

A new murder case has been filed against Bangladesh's deposed prime minister Sheikh Hasina and 62 others, including ex-ministers of her cabinet, over the death of a fish trader during the quota reform protests in the country, a media report said on Monday.

On way to Sambhal, Rahul, Priyanka stopped at UP border

On way to Sambhal, Rahul, Priyanka stopped at UP border

Rediff.com4 Dec 2024

Curbs under Section 163 (power to issue an order in urgent cases of nuisance or apprehended danger) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), which were set to expire on Sunday, have now been extended till December 31 in Sambhal.

Reasonably priced stocks of oil marketing cos to gain

Reasonably priced stocks of oil marketing cos to gain

Rediff.com6 Jul 2023

Investors are showing some interest in the downstream energy cycle. Refiners and marketers, especially the public sector (PSU) oil marketing companies (OMCs) could see a revival of marketing margins. Lower crude oil and gas prices may also improve margins in industries like paints, logistics, synthetic fabrics, plastics, and fertilisers. In the medium-term, however, there could be a supply overhang affecting OMCs as new refining capacities are scheduled to be commissioned, especially in China, and this may lead to a drop in the refining margins as capacity would be surplus to demand until and unless there's a pick-up in global growth.

Why I Mourn Sitaram Yechury

Why I Mourn Sitaram Yechury

Rediff.com21 Sep 2024

There are few leaders in the Opposition line up who can claim a path to party leadership like Sitaram Yechury and certainly, very few who blended that ascent through student politics with awareness about non-elite real India, urban India and liberal politics, as he did, notes Shyam G Menon.

How a full-blown Iran-Israel war may hurt India's trade

How a full-blown Iran-Israel war may hurt India's trade

Rediff.com2 Oct 2024

The escalation of conflict in the West Asian region is expected to push already high logistics costs besides hurting trade in sectors such as oil, electronics and agriculture, according to exporters. They said that insurance costs for exports to the countries directly involved in the war could also go up, which will impact Indian exporters' working capital. Think tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India's trade with countries like Israel, Jordan, and Lebanon.

'I Quit My Job Because I Was Miserable'

'I Quit My Job Because I Was Miserable'

Rediff.com7 Oct 2024

Delhi-based Shubham Chakraborty, 32, a management graduate from XLRI, Jamshedpur, tells us how he fought anxiety and stress due to poor workplace management.

Disengagement likely to smoothen bilateral ties: Chinese envoy

Disengagement likely to smoothen bilateral ties: Chinese envoy

Rediff.com30 Oct 2024

Chinese ambassador to India, Xu Feihong, on Wednesday expressed hope that the recently completed Indo-China border disengagement in Eastern Ladakh would smoothen relations and pave the way for a better understanding between the two neighbours in the days ahead.

Should You Avoid High-Cost Funds?

Should You Avoid High-Cost Funds?

Rediff.com12 Nov 2024

Investors should match their investment horizon with the fund's portfolio duration.

Manipur: Kukis hold rallies to demand separate administration

Manipur: Kukis hold rallies to demand separate administration

Rediff.com31 Aug 2024

People belonging to the Kuki-Zo community on Saturday took out three rallies in parts of Manipur to press their demand for a separate administration and protested against the viral audio clips allegedly of Chief Minister N Biren Singh, in which certain objectionable comments were made.

Lionel Messi and Argentina to play in Kerala next year!

Lionel Messi and Argentina to play in Kerala next year!

Rediff.com20 Nov 2024

The Kerala government announced on Wednesday that the Argentina national football team, led by legendary player Lionel Messi, will visit the state next year for an international friendly match, which Chief Minister Pinarayi Vijayan hailed as a tribute to state people's passion for soccer.

30% of GenAI Projects May Fail By 2025

30% of GenAI Projects May Fail By 2025

Rediff.com30 Jul 2024

'Historically, many chief financial officers have not been comfortable with investing today for indirect value in the future.' 'This reluctance can skew investment allocation to tactical versus strategic outcomes.'

Bharat Bandh hits life in Bihar, J'hand, tribal belts

Bharat Bandh hits life in Bihar, J'hand, tribal belts

Rediff.com21 Aug 2024

The response was tepid in other parts of the country even as several INDIA bloc parties as well as other non-BJP outfits extended their support to the bandh.

COP29: India, developing world face EU resistance to climate finance

COP29: India, developing world face EU resistance to climate finance

Rediff.com19 Nov 2024

Talks on global climate finance virtually ground to a halt last week at COP29, the annual United Nations (UN) Climate Change event in Baku, Azerbaijan, as the developed world, led by the European Union (EU), and developing countries including India, Brazil, South Africa, and a clutch of island nations and African countries faced a wide chasm between their expectations. This has raised doubts about whether an agreement can be reached this week or whether talks will spill over to COP30, to be held next year in Benem, Brazil.

LIC eyes less than 50% stake in standalone health insurance company

LIC eyes less than 50% stake in standalone health insurance company

Rediff.com4 Oct 2024

State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. "LIC doesn't need a composite licence. "Even if it is introduced, they will not opt for it.

Polls won't solve Kashmir issue, need dialogue: Hurriyat chairman

Polls won't solve Kashmir issue, need dialogue: Hurriyat chairman

Rediff.com4 Oct 2024

Delivering the sermon, he said election and "resolution of the Kashmir issue" were two different things.

Fresh violence in Manipur, shutdown disrupts life

Fresh violence in Manipur, shutdown disrupts life

Rediff.com28 Sep 2024

The shutdown was called by Kuki-Zo groups, including the Indigenous Tribal Leaders Forum (ITLF) and Kuki Students Organisation (KSO), in protest against Security Advisor Kuldiep Singh's statement about militants entering the state from outside.

Coldplay Concert Controversy: Cases Filed

Coldplay Concert Controversy: Cases Filed

Rediff.com25 Sep 2024

'We have filed a complaint with the police authorities.'

Vistara-Air India merger: How these two distinct brands will blend

Vistara-Air India merger: How these two distinct brands will blend

Rediff.com4 Nov 2024

In about a fortnight, Vistara - known for its premium service - will take off on its final flight before merging into the legacy of Air India. Set for November 12, the merger has sparked discussions on how these two distinct brands will blend.

Pharma companies fight fakes with smart packaging

Pharma companies fight fakes with smart packaging

Rediff.com10 Oct 2024

Indian pharmaceutical companies are stepping up their efforts to combat the problem of counterfeit drugs, employing a variety of strategies, from packaging innovations to engaging private investigation agencies. The stakes are high, as counterfeit medicines not only harm consumers but also tarnish the reputation of leading brands.

Cricket in Olympics: Multi-billion dollar broadcast market, BCCI's push and ICC pitch perfect presentation

Cricket in Olympics: Multi-billion dollar broadcast market, BCCI's push and ICC pitch perfect presentation

Rediff.com16 Oct 2023

A multi-billion dollar broadcast market, the game's most powerful board's positive intent and a perfect pitch by the global body based on a three-fold 'U-P-L' principle ensured cricket's inclusion in the 2028 Summer Olympics in Los Angeles.

Founders built an incredible organisation; Infosys in stable position: CEO Salil Parekh

Founders built an incredible organisation; Infosys in stable position: CEO Salil Parekh

Rediff.com14 Aug 2022

Infosys CEO Salil Parekh, has praised the company's founders for building an "incredible organisation", and exuded confidence that the firm which "has always been solid" will "continue with that stability." Parekh - who steered the firm to stability after a bitter spat between founders and then-management a few years back - believes that Infosys is "well positioned" to leverage tech-led growth opportunities over the next several years. Parekh took over at the helm in January 2018, after a standoff between board and founders, including NR Narayana Murthy, over issues such as governance, led to the exit of then-CEO Vishal Sikka.

AI Can't Be Left To Techies!

AI Can't Be Left To Techies!

Rediff.com5 Oct 2024

Here is the Brahma Mantra for mankind. So long as the world has leaders with judgement -- humane, compassionate, and no-nonsense in their thinking -- natural intelligence will prevail, notes R Gopalakrishnan.

Fresh formal hiring at seven-month high in April, shows EPFO data

Fresh formal hiring at seven-month high in April, shows EPFO data

Rediff.com22 Jun 2024

The number of fresh formal jobs generated in a month increased to a seven-month high in April, signalling a recovery in the formal labour market in the country, according to the latest monthly payroll data released by the Employees' Provident Fund Organisation (EPFO) on Thursday. In April, the number of new monthly subscribers under the Employees' Provident Fund (EPF) sequentially increased by 18.77 per cent to 887,438 from 747,146 in March.

Beware The American Deep State

Beware The American Deep State

Rediff.com11 Dec 2024

Do not underestimate the ingenuity of the Deep State in America to have its way. Keeping the guard down will be a catastrophic mistake on the part of the Delhi establishment. We could get hit when least expected. That's what happened in Bangladesh and Syria, warns Ambassador M K Bhadrakumar.

After Shimla, Hindu groups protest against Mandi mosque

After Shimla, Hindu groups protest against Mandi mosque

Rediff.com13 Sep 2024

"PWD officials had informed us that a wall of the mosque was in PWD land and we were served a notice. So we decided to demolish the wall," Iqbal Ali, a member of the mosque committee, said earlier.

After UPI and ULI, banks to set up Unified Recovery Interface

After UPI and ULI, banks to set up Unified Recovery Interface

Rediff.com9 Sep 2024

Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).