News for 'PORT'

Runner dies hours after completing Goa River Marathon

Runner dies hours after completing Goa River Marathon

Rediff.com12 Dec 2024

A 29-year-old dental surgeon died of a massive heart attack after completing a marathon in Goa, his father said on Thursday.

Sensex, Nifty edge up in choppy trade

Sensex, Nifty edge up in choppy trade

Rediff.com11 Dec 2024

From the 30-share Sensex pack, Bajaj Finance, Nestle India, Bajaj Finserv, Asian Paints, UltraTech Cement, Infosys, Maruti, Bharti Airtel and Hindustan Unilever were among the gainers. JSW Steel, Adani Ports, NTPC, State Bank of India, Reliance Industries, Tech Mahindra, Axis Bank, Titan and HDFC Bank were the laggards.

Karnataka Cong MLA gets 7-yr jail for theft, illegal export of iron ore

Karnataka Cong MLA gets 7-yr jail for theft, illegal export of iron ore

Rediff.com26 Oct 2024

A special court in Bengaluru has sentenced Congress MLA Sateesh Krishna Sail to seven years imprisonment and imposed hefty fines for theft and illegal export of seized iron ore from Belekeri port during 2009-10.

Was Saif attacked or just acting, asks Maha minister

Was Saif attacked or just acting, asks Maha minister

Rediff.com23 Jan 2025

In a fresh statement, the Bharatiya Janata Party leader has raised questions on the attack on Bollywood actor Saif Ali Khan suspecting if the attack on the actor was real or if Khan was just acting. Rane while addressing a public gathering in Maharashtra's Pune, raised questions on attack on Saif saying -- "I doubted whether he had been stabbed or he was acting."

Sensex, Nifty rebound amid easing inflation, buying in bank, energy stocks

Sensex, Nifty rebound amid easing inflation, buying in bank, energy stocks

Rediff.com14 Jan 2025

From the 30-share blue-chip pack, Adani Ports jumped over 5 per cent. NTPC, Tata Steel, Bajaj Finserv, Zomato, Bajaj Finance, Tata Motors, State Bank of India, IndusInd Bank and Maruti were among the other big gainers. From the 30-share pack, Hindustan Unilever, Titan, Tata Consultancy Services, Infosys and UltraTech Cement were the other laggards.

Probe finds Andaman smugglers contacted India, used Starlink for navigation

Probe finds Andaman smugglers contacted India, used Starlink for navigation

Rediff.com28 Nov 2024

A probe into the biggest drug haul of 6,000 kg methamphetamine in the Andaman and Nicobar Islands has shown that the Myanmarese smugglers were using the Starlink satellite internet services for navigation through the mid-sea, a top police officer said on Thursday. Authorities suspect that the drug consignments may be linked to notorious international cartels, such as Tse Chi Lop's (the Chinese El Chapo) or Nemesio Oseguera Cervantes' (El Mencho) operations.

Bribery charges are credit negative for Adani group: Moody's

Bribery charges are credit negative for Adani group: Moody's

Rediff.com21 Nov 2024

Moody's Ratings on Thursday said it will look at Adani group's governance practices when assessing the ports-to-energy conglomerate's ability to access capital in the aftermath of indictment of the group head Gautam Adani on bribery charges. "The indictment of Adani Group's chairman and other senior officials on bribery charges is credit negative for the group's companies," Moody's Ratings said in a statement.

Sensex pares intra-day high to end up 598 points

Sensex pares intra-day high to end up 598 points

Rediff.com3 Dec 2024

From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers. Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

Sensex, Nifty end in red on foreign fund outflows

Sensex, Nifty end in red on foreign fund outflows

Rediff.com18 Dec 2024

During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. The NSE Nifty declined 137.15 points or 0.56 per cent to 24,198.85. "The near-term market construct has turned weak, with FIIs turning sellers on rallies.

Jagan's close aide Vijayasai Reddy quits politics, resigns from RS

Jagan's close aide Vijayasai Reddy quits politics, resigns from RS

Rediff.com24 Jan 2025

V Vijayasai Reddy, a Rajya Sabha member from the YSRCP, has announced his decision to quit politics and resign from his parliamentary membership. He stated that agriculture will be his future and that his decision was personal, with no pressure or influence from others. Reddy's announcement comes as the YSRCP faces challenges after its defeat in the 2024 Assembly elections. He thanked YSRCP supremo YS Jagan Mohan Reddy for providing him the Rajya Sabha opportunity and highlighted his working relationship with the ruling TDP and Deputy Chief Minister Pawan Kalyan.

Sensex, Nifty end flat in highly volatile trade

Sensex, Nifty end flat in highly volatile trade

Rediff.com1 Feb 2025

From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.

Spike in crude oil price, FII outflows spook markets

Spike in crude oil price, FII outflows spook markets

Rediff.com13 Jan 2025

From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.

Ex-Israel envoy to India Ron Malka is chairman of Adani Group's Haifa port

Ex-Israel envoy to India Ron Malka is chairman of Adani Group's Haifa port

Rediff.com3 Apr 2023

Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the executive chairman of the Haifa Port Company (HPC) owned by a consortium led by the ports-to-energy conglomerate Adani Group. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the strategic Port of Haifa in Israel for $1.18 billion. "I'm honoured and privileged to take office today as executive chairman of the Haifa Port Company, on behalf of @AdaniOnline.

What Adani Group CFO said about the bribery charges

What Adani Group CFO said about the bribery charges

Rediff.com23 Nov 2024

None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate's CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani's indictment on bribery charges in the US. In a post on X, Singh said the group would make a detailed comment on the US indictment once it gets counsel approvals.

Adani stocks' mcap erodes by Rs 2.45 lakh cr

Adani stocks' mcap erodes by Rs 2.45 lakh cr

Rediff.com21 Nov 2024

Adani group stocks faced heavy drubbing during the early trade on Thursday, with Adani Energy and Adani Enterprises tumbling 20 per cent, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The stock of the group's flagship firm Adani Enterprises plunged 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.17 per cent, Adani Total Gas tumbled 18.14 per cent, Adani Power slumped 17.79 per cent, and Adani Ports dived 15 per cent on the BSE.

One Month Of Trump: The World Is In Shock

One Month Of Trump: The World Is In Shock

Rediff.com20 Feb 2025

The US is currently Earth's most powerful country and a certain latitude of understanding -- a world view -- is popularly expected from its leadership. From a country identified with freedom, constitution, debate, democracy and the likes of Abraham Lincoln even as it had the most powerful military around, the US, following Trump's actions, seemed repositioned as militarily powerful with other qualities secondary, observes Shyam G Menon.

Won't allow Lankan soil to be used against India: Prez Disanayaka

Won't allow Lankan soil to be used against India: Prez Disanayaka

Rediff.com17 Dec 2024

Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.

TDP Reacts Cautiously To Adani Charges

TDP Reacts Cautiously To Adani Charges

Rediff.com22 Nov 2024

The Telugu Desam Party, a key member of the National Democratic Alliance, will react to allegations of the Adani Group paying bribes for solar power contracts in Andhra Pradesh only after studying the issue.

Rs 24.69 lakh cr of investors' wealth wiped out in 4 days

Rs 24.69 lakh cr of investors' wealth wiped out in 4 days

Rediff.com13 Jan 2025

Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Spike in global crude prices, unabated foreign fund outflows, a strong US jobs data diminishing early rate cut expectations, and the rupee logging its steepest single-day fall in nearly two years dampened investors' sentiment.

Sensex down 319 points amid foreign fund outflows

Sensex down 319 points amid foreign fund outflows

Rediff.com16 Oct 2024

From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards. HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.

Sensex, Nifty settle nearly 1% higher; Bharti Airtel, RIL among top gainers

Sensex, Nifty settle nearly 1% higher; Bharti Airtel, RIL among top gainers

Rediff.com29 Nov 2024

From the 30-share Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Reliance Industries, Larsen & Toubro, JSW Steel, Hindustan Unilever, Titan and Tata Motors were the biggest gainers. Power Grid, Nestle, State Bank of India and Infosys were the laggards.

Nara Lokesh pitches Vizag to Google for setting up data centre

Nara Lokesh pitches Vizag to Google for setting up data centre

Rediff.com31 Oct 2024

Andhra Pradesh's IT and Electronics Minister Nara Lokesh has pitched port city of Vizag in his state for setting up a data centre to Google Cloud CEO, saying the new government in the state has taken various initiatives for supporting industry that will help it transform into a cloud infrastructure hub. The state is focused on setting up data centres in Visakhapatnam and the minister invited Google Cloud to establish its data centre in the port city.

US sanctions hit Russian oil supply to India; March supplies may be hit

US sanctions hit Russian oil supply to India; March supplies may be hit

Rediff.com23 Jan 2025

The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.

Tatas may choose Singapore as key partner for semiconductor play

Tatas may choose Singapore as key partner for semiconductor play

Rediff.com8 Nov 2024

Tata Sons will likely choose Singapore as a "key partner" for its semiconductor plans, a senior minister from the city-state said on Friday. Speaking to reporters after a meeting with Tata Sons chairman N Chandrasekaran earlier in the day, Singapore's minister for home affairs and law K Shanmugam said semiconductors was a "big discussion" point during the meeting. "If they (Tatas) want to, they can do business with anybody in the world.

Sensex rises 226 pts on buying in bank, auto stocks

Sensex rises 226 pts on buying in bank, auto stocks

Rediff.com27 Dec 2024

From the 30 blue-chip pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. State Bank of India, Tata Steel, Adani Ports, Zomato, UltraTech Cement and HCL Tech were among the laggards.

Parliament likely to discuss Waqf bill on day 1 of winter session

Parliament likely to discuss Waqf bill on day 1 of winter session

Rediff.com25 Nov 2024

The Parliament session is set to start today, with various issues slated to be discussed, including the Waqf Act (Amendment) Bill.

Sensex tanks 1,190 points to close below 80K

Sensex tanks 1,190 points to close below 80K

Rediff.com28 Nov 2024

From the 30-share Sensex pack, Mahindra & Mahindra, Infosys, HCL Technologies, Adani Ports, Bajaj Finance, Tech Mahindra, Titan, Tata Consultancy Services, Reliance Industries and Power Grid were among the laggards. On the other hand, State Bank of India was the only gainer.

Adani Ports to buy back another $195 mn of bonds

Adani Ports to buy back another $195 mn of bonds

Rediff.com27 Sep 2023

Adani Ports and Special Economic Zone will prepay $195 million of debt due in 2024 as the conglomerate helmed by Gautam Adani looks to boost investors' confidence post being targeted by a US short-seller. In a stock exchange filing, APSEZ said it will buy back $195 million of bonds due in 2024 using its cash reserves. Out of the $520 million principal outstanding, $325 million will be left after the buyback, it said.

Why Ashok Leyland has forayed into mini-truck segment

Why Ashok Leyland has forayed into mini-truck segment

Rediff.com20 Jan 2025

'This market for diesel starts at around Rs 6.3 lakh and goes up to Rs 7 lakh, and with Saathi we have our usual price set at Rs 6.5 lakh, so we are slightly on the lower side with a superior product.'

NIA files supplementary charge sheet in Mundra Port narcotics case

NIA files supplementary charge sheet in Mundra Port narcotics case

Rediff.com13 May 2023

With this, a total of 42 individuals and seven firms have so far been chargesheeted in the case which was initially registered by the Directorate of Revenue Intelligence, Gandhidham unit, Gujarat, on September 13, 2021.

'People Will Have More Money In Their Hands'

'People Will Have More Money In Their Hands'

Rediff.com6 Feb 2025

'When people have money in their hands, they make their judgment about whether they want to spend it entirely or spend some out of it.'

Countdown Begins For ISRO's 100th Launch

Countdown Begins For ISRO's 100th Launch

Rediff.com28 Jan 2025

At 6.23 am on 29.1.2025, the 50.9 metre tall and weighing 420.7 ton Geosynchronous Satellite Launch Vehicle-F15 (GSLV-F15) is slated to blast off from the second launch pad carrying the 2,250 kg NVS-02 navigation satellite.

Govt launches special visas for international students

Govt launches special visas for international students

Rediff.com5 Jan 2025

India has launched two special category visa for international students intending to pursue higher education in academic institutions in the country.

Shashi Ruia, co-founder of Essar group, passes away

Shashi Ruia, co-founder of Essar group, passes away

Rediff.com26 Nov 2024

Essar Group co-founder Shashi Ruia has died after a prolonged illness. He was 80.

Sensex, Nifty end flat amid volatile trade

Sensex, Nifty end flat amid volatile trade

Rediff.com10 Dec 2024

Finance, ICICI Bank, Mahindra &h Mahindra, Kotak Mahindra Bank and Titan were among the gainers. Bharti Airtel, Adani Ports, Tech Mahindra, Reliance Industries, Axis Bank, Larsen & Toubro were the laggards.

Adani's clarification on bribery charges lifts markets

Adani's clarification on bribery charges lifts markets

Rediff.com27 Nov 2024

From the 30-share Sensex pack, Adani Ports surged 6 per cent. NTPC, HDFC Bank, Bajaj Finance, Maruti and Axis Bank were among the other gainers. In contrast, Titan, State Bank of India, Asian Paints, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were among the laggards.

Adani Ports to prepay Rs 5,000-crore debt

Adani Ports to prepay Rs 5,000-crore debt

Rediff.com8 Feb 2023

A day after the promoters of Adani Group prepaid $1.1 billion loans, one of the group's listed entities - Adani Ports and Special Economic Zone (APSEZ) - announced that it would prepay loans of up to Rs 5,000 crore by next month-end so as to improve its financial metrics. The company is targeting an earnings before interest, tax, depreciation and amortisation (Ebitda) of around Rs 15,000 crore this financial year. This was revealed by Karan Adani, chief executive officer (CEO) and whole-time director of APSEZ, while announcing the September-December 2022 results.

Trump's tariff threats spooks markets; Sensex down 106 points

Trump's tariff threats spooks markets; Sensex down 106 points

Rediff.com26 Nov 2024

Trump's tariff threats spooks markets; Sensex down 106 points

The dark side of duty cut on smartphone parts

The dark side of duty cut on smartphone parts

Rediff.com7 Jan 2025

Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. India's smartphone industry is a 'Make in India' success story, with 2023-24 production reaching $49.2 billion and exports at $15.6 billion, making smartphones the fourth-largest export after diesel, aviation fuel, and polished diamonds.

Tesla Cybertruck explodes outside Trump Hotel, terror act suspected

Tesla Cybertruck explodes outside Trump Hotel, terror act suspected

Rediff.com2 Jan 2025

An electric vehicle exploded and caught fire outside the Trump International Hotel in Las Vegas on Wednesday, according to officials and videos on social media.