News for 'PE'

Harbhajan Slammed For 'Kaali Taxi' Remark

Harbhajan Slammed For 'Kaali Taxi' Remark

Rediff.com24 Mar 2025

Harbhajan Singh's comment on Jofra Archer's expensive spell drew accusations of racial insensitivity.

Actor's wife, 2 others booked for reciting Pak poet's poem

Actor's wife, 2 others booked for reciting Pak poet's poem

Rediff.com21 May 2025

Police on Tuesday said they have started recording statements of people associated with the controversial Veera Sathidar memorial programme held on May 13 in Nagpur, where the poem was recited, while an official informed investigation into the case was at a sensitive stage.

BharatPe's Ashneer Grover 'fined' Rs 2 lakh

BharatPe's Ashneer Grover 'fined' Rs 2 lakh

Rediff.com28 Nov 2023

The Delhi high court on Tuesday imposed Rs 2 lakh as costs on BharatPe co-founder Ashneer Grover in the matter related to his alleged defamatory social media posts against the fintech company. Justice Rekha Palli took on record the apology and the undertaking given by Grover but proceeded to impose costs on him, saying the "court cannot be taken for granted". The judge, while dealing with a plea by Resilient Innovations Pvt Ltd - which owns BharatPe - against its former MD, said the court was "appalled" to note the "persistent" and "blatant" violation of the earlier orders and assurances given by Grover in this regard.

Census with caste enumeration to begin from Oct 1, 2026

Census with caste enumeration to begin from Oct 1, 2026

Rediff.com5 Jun 2025

Census exercise with caste enumeration will be carried out with the reference date of October 1, 2026, in snow-bound areas like Ladakh and of March 1, 2027, in the rest of the country, the Home Ministry announced on Wednesday.

PhonePe raises $350 mn at $12 bn valuation

PhonePe raises $350 mn at $12 bn valuation

Rediff.com19 Jan 2023

Walmart-owned digital payments app Phonepe on Thursday said it has raised $350 million at a valuation of $12 billion in a funding round led by private equity firm General Atlantic. "Marquee Global and Indian investors are also participating in the round," PhonePe said in a statement adding the investment marks the first tranche of an up to $1 billion total fundraise that commenced in January 2023. The fundraise follows PhonePe's recently announced change of domicile to India and full separation from Flipkart.

Got offer to conduct encounter of Walmik Karad: Suspended cop

Got offer to conduct encounter of Walmik Karad: Suspended cop

Rediff.com15 Apr 2025

A suspended police sub-inspector from Beed, Maharashtra, India, has alleged that he was offered money to carry out an "encounter" of Walmik Karad, an accused in the murder case of sarpanch Santosh Deshmukh. The suspended cop, Ranjeet Kasle, claims he mentioned the names of the individuals who made the offer in a local police station diary. However, a senior police official from Beed has dismissed Kasle's claims as baseless and demanded proof. Kasle was suspended earlier while serving as a sub-inspector in the local cyber crime department. Deshmukh, the sarpanch of Massajog village, was abducted and killed last December allegedly for attempting to stop extortion targeting an energy company. Karad is among eight individuals arrested in connection with the murder and charged under the Maharashtra Control of Organised Crime Act (MCOCA). The state Crime Investigation Department (CID) filed a chargesheet in the case last month. Kasle's claims come amidst ongoing investigations into the custodial death of Badlapur sexual assault case accused Akshay Shinde. Kasle has demanded a central government SIT to investigate Shinde's death, believing it will reveal the truth.

'Sar pe laal topi Rusi...': Modi mentions Raj Kapoor, Mithun in Moscow

'Sar pe laal topi Rusi...': Modi mentions Raj Kapoor, Mithun in Moscow

Rediff.com9 Jul 2024

Modi's high praise of Russia as an ally and Putin's leadership came amid ongoing efforts by the Western world to isolate the Russian leader over the war in Ukraine.

FIR against BharatPe co-founder Ashneer Grover, his wife, family

FIR against BharatPe co-founder Ashneer Grover, his wife, family

Rediff.com11 May 2023

The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been seen by PTI, was filed under eight sections of the Indian Penal Code, including 406 that deals with criminal breach of trust, 420 (cheating and dishonesty), 467 and 468 (forgery). BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through passthrough vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri Jain and destruction of evidence.

'Prepare Without Worrying About Pressure'

'Prepare Without Worrying About Pressure'

Rediff.com10 Feb 2025

'During a match, there is a lot of noise from the stadium -- cheers for sixes and fours -- but the batter focuses on the ball, not the pressure.' 'If you don't take pressure and focus on your duty, you can overcome stress easily.'

'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.'

Rs 50K cr shares to unlock soon; sellers may sweat

Rs 50K cr shares to unlock soon; sellers may sweat

Rediff.com25 Feb 2025

Shares worth over Rs 50,000 crore (or approximately $6 billion) are set to become freely tradable between now and April 10. Historically, such substantial volumes have been absorbed by a buoyant block-deal market.

PhonePe first Indian fintech player to allow UPI payments abroad

PhonePe first Indian fintech player to allow UPI payments abroad

Rediff.com8 Feb 2023

PhonePe said on Tuesday it has launched a service that will allow the fintech firm's Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). 'UPI international' supports merchant outlets in UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR (quick response) code. Users will be able to make direct payments in a foreign currency from their Indian bank, like they do with international debit cards.

Haldiram inks pact with Temasek as strategic investment partner

Haldiram inks pact with Temasek as strategic investment partner

Rediff.com30 Mar 2025

Haldiram has entered into an agreement with Temasek as part of which the Singapore-headquartered global investment firm will "acquire an equity stake from the existing shareholders" of India's largest packed snack and sweets company and restaurant operator, according to a statement issued on Sunday. It did not disclose details of the deal or the valuation at which Temasek acquired the equity stake, but this is the first official confirmation of the deal from Haldiram.

'Liquidity In The Market Is Drying'

'Liquidity In The Market Is Drying'

Rediff.com22 Feb 2025

'The pain can be more in the days ahead.'

Once overlooked: How a teacher's son humbled CSK

Once overlooked: How a teacher's son humbled CSK

Rediff.com8 Apr 2025

Priyansh, a 24-year-old southpaw from Delhi, made a stunning debut for the Punjab Kings, smashing a 39-ball century in his first IPL game.

BharatPe: GST authorities expand probe

BharatPe: GST authorities expand probe

Rediff.com9 Mar 2022

GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover, an official said. GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well. BharatPe had stripped Grover and his wife Madhuri Jain of all positions after a preliminary report of an external audit commissioned by the fintech firm's board showed that the duo indulged in alleged misdeeds and financial irregularities.

'Nayanthara mam pe lattu huye ya nahi?'

'Nayanthara mam pe lattu huye ya nahi?'

Rediff.com16 Aug 2023

'Chup karo! Doh bacchon ki maa hain woh!! Ha ha.'

Railway Staff Sacked For Throwing Garbage From Train

Railway Staff Sacked For Throwing Garbage From Train

Rediff.com7 Mar 2025

A passenger shot the video of the railway worker throwing railway garbage out of the train and posted it online.

Tech startups worth $100 bn set to pursue IPOs by 2027: Rainmaker Group

Tech startups worth $100 bn set to pursue IPOs by 2027: Rainmaker Group

Rediff.com3 Apr 2025

More than 30 technology startups, collectively valued at $100 billion, are poised to go public by 2027, signalling a potential rebound in India's stock market activity, according to a report by investment bank The Rainmaker Group. Walmart-owned Flipkart, financial technology (fintech) leader PhonePe, SoftBank-backed Lenskart, Razorpay, Zetwerk, and Meesho are among the top companies preparing to go public in India.

Beleaguered Gensol's independent director quits

Beleaguered Gensol's independent director quits

Rediff.com17 Apr 2025

Gensol Engineering, the beleaguered firm that came under market regulator Sebi's lens for fund diversions and governance lapses, said that its independent director Arun Menon has resigned with immediate effect.

Bhumi, Vikrant's Pariksha Gyaan

Bhumi, Vikrant's Pariksha Gyaan

Rediff.com18 Feb 2025

'Eat well, rest well; keep improving; and go play, unplug.'

'Insaniyat Zindabad: If I Die Saving Them, So Be It'

'Insaniyat Zindabad: If I Die Saving Them, So Be It'

Rediff.com30 Apr 2025

'I will do it again. I am ready to put my life in danger a second time. This is my land, this is my responsibility'

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Rediff.com31 Mar 2023

Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a funding winter, difficult regulatory environment, and macroeconomic uncertainty, informed other sources.

BharatPe: 'Why should I resign?'

BharatPe: 'Why should I resign?'

Rediff.com12 Apr 2022

'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Students, Deepika Has A Message For You

Students, Deepika Has A Message For You

Rediff.com12 Feb 2025

'Being stressed is natural and it is a part of life. How we handle it is the important thing.'

'Embrace hard work', Mary Kom tells students

'Embrace hard work', Mary Kom tells students

Rediff.com17 Feb 2025

'If you are willing to shine like the sun, you must be willing to burn like it.'

Hindustan Aeronautics gets wings to fly higher as analysts stay bullish

Hindustan Aeronautics gets wings to fly higher as analysts stay bullish

Rediff.com5 Apr 2025

News reports that GE Aerospace has delivered the first of 99 F404-IN20 engines ordered by Hindustan Aeronautics (HAL) for the Tejas Mk-1A has revived interest in the HAL stock.

Can't Look Away From Deepika

Can't Look Away From Deepika

Rediff.com8 Feb 2025

Ibrahim sings Ishq Mein... Palak looks hot in the elevator... Urvashi is in V-Day mood...

'Everyone Hated Me And I Loved It'

'Everyone Hated Me And I Loved It'

Rediff.com6 Mar 2025

'Mrs shows a dark side to the son and the father.' 'I had to do things that I wouldn't dare to do in real life.'

Assam Congress leader held for social media post on BJP leaders

Assam Congress leader held for social media post on BJP leaders

Rediff.com16 Mar 2025

Assam Congress spokesperson Reetam Singh was arrested on Saturday for a social media post questioning the status of cases registered against three senior BJP leaders, including a former state chief and two serving MLAs. The arrest came after a complaint by the wife of BJP MLA Manab Deka, who was mentioned in Singh's post. Singh's arrest was met with criticism from the Congress, with Deputy Leader of Congress in Lok Sabha Gaurav Gogoi alleging that Singh was "brutally dragged away" by police.

Bhumi's Bikini Break In Goa

Bhumi's Bikini Break In Goa

Rediff.com6 Nov 2024

Parineeti gets a haircut... Mallika has a question ... Manushi shares a throwback pic...

Number of UPI apps grows in 2024, yet top two command maximum market share

Number of UPI apps grows in 2024, yet top two command maximum market share

Rediff.com30 Dec 2024

In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) applications, a record since UPI's launch in 2016. This surge reflects growing interest from financial technology (fintech) companies, driven by the integration of credit products like UPI-linked credit cards and pre-approved credit lines.

'People Take Offence To My Jokes So I Have Stopped Joking'

'People Take Offence To My Jokes So I Have Stopped Joking'

Rediff.com4 Feb 2025

'I have passed this to my son Aryan and told him 'Jaa beta, baap ka naam roshan kar.'

Kohli Seeks Spiritual Solace In Vrindavan

Kohli Seeks Spiritual Solace In Vrindavan

Rediff.com10 Jan 2025

Virat Kohli and Anushka Sharma visited Vrindavan Dham with their children, Vamika and Akaay, to pay their respects to their spiritual guru, Premanand Maharaj.

The Diplomat Review: John Abraham Plays It Safe

The Diplomat Review: John Abraham Plays It Safe

Rediff.com14 Mar 2025

The possibilities of this serviceable thriller are immense but the makers prefer to play it safe and hold back the daredevil in the diplomat's clothing, observes Sukanya Verma.

'Capital is flowing back to the US'

'Capital is flowing back to the US'

Rediff.com27 Feb 2025

'Even if India is attractive, FPIs currently lack the funds to invest, as money is being redirected to the US.'

Goyal's Comment Sparks Startup Uproar

Goyal's Comment Sparks Startup Uproar

Rediff.com5 Apr 2025

'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'

BharatPe removes Ashneer Grover from all company positions

BharatPe removes Ashneer Grover from all company positions

Rediff.com2 Mar 2022

Fintech firm BharatPe on Wednesday said it has removed co-founder Ashneer Grover from all positions at the company. BharatPe has also found involvement of Grover family and relatives in extensive misappropriation of the company's funds. "The board will not allow the deplorable conduct of the Grover family to tarnish BharatPe' s reputation or that of its hard-working employees and world-class technology.

The First Song Ranbir Played For Raha Was...

The First Song Ranbir Played For Raha Was...

Rediff.com25 Nov 2024

'If you just listen to the lyrics, they're so simple. It's definitely a great philosophy to live life by.'