News for 'Public Sector United'

Centre, PSUs have first claim on CISF cover:PC

Centre, PSUs have first claim on CISF cover:PC

Rediff.com19 Feb 2009

Home Minister P Chidambaram on Thursday said the government and the public sector units will retain their first claim on the Central Industrial Security Force cover even after its services are extended to the private sector.Chidambaram said the CISF security cover would not be extended to the private sector overnight as the force has to be expanded.The service will be available to the private sector after the government makes a risk analysis.

RIL to be a deep-tech, advanced manufacturing powerhouse: Mukesh Ambani

RIL to be a deep-tech, advanced manufacturing powerhouse: Mukesh Ambani

Rediff.com26 Jun 2025

Reliance Industries (RIL), India's largest conglomerate, is set to pivot into a deeptech and advanced manufacturing enterprise, chairman and managing director (CMD) Mukesh Ambani said. "In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people.

Shouldn't be poor are growing, while wealth is centralised: Gadkari

Shouldn't be poor are growing, while wealth is centralised: Gadkari

Rediff.com7 Jul 2025

Union Minister Nitin Gadkari voiced concerns about increasing poverty and wealth concentration, advocating for wealth decentralization and job creation in rural areas. He also highlighted the need for balanced sectoral contributions to GDP and discussed infrastructure development initiatives.

In Rio, BRICS to echo India's voice on terror, condemn Pahalgam attack

In Rio, BRICS to echo India's voice on terror, condemn Pahalgam attack

Rediff.com30 Jun 2025

The formulations in the declaration in reference to terrorism is going to be to our "satisfaction", Dammu Ravi, secretary (economic relations) in the external affairs ministry said on Monday.

AI will bring in 'humongous changes': IT Minister Vaishnaw

AI will bring in 'humongous changes': IT Minister Vaishnaw

Rediff.com30 May 2025

'I think that kind of change is coming. We should stay prepared for that change, whichever industry or sector we are in, we must be prepared.'

Apollo Hospitals to expand presence in metros with five new hospitals

Apollo Hospitals to expand presence in metros with five new hospitals

Rediff.com12 Feb 2025

Apollo Hospitals Enterprise is set to expand presence in metro cities during FY26 with the addition of five hospitals that would add over 1,400 beds.

'No One Can Dare To Experiment A Maharashtra In Bihar'

'No One Can Dare To Experiment A Maharashtra In Bihar'

Rediff.com25 Jul 2025

'After the 2020 Bihar assembly polls when our party got only 43 seats and our ally the BJP got 73 seats, Nitish Kumar refused to become chief minister and assured the BJP that he will support the government led by anyone.' 'But the BJP's top leaders told Nitish Kumar that as the NDA contested the polls under his leadership, the next government will be headed by him.'

Sindoor: Pakistan Air Force Was No Match For IAF

Sindoor: Pakistan Air Force Was No Match For IAF

Rediff.com29 Aug 2025

'Operation Sindoor had three objectives.' 'One, destroy the Lashkar-e-Taiba headquarters at Muridke and the Jaish-e-Mohammed headquarters at Bahawalpur.' 'Second, deter and defend any counterstrike by Pakistan.' 'And third, if they persist, demonstrably deliver counterforce punishment.' 'All of the three boxes, the IAF checked,' points out Shekhar Gupta.

Top 100 Indian firms create Rs 92.2 lakh cr wealth during FY17-22

Top 100 Indian firms create Rs 92.2 lakh cr wealth during FY17-22

Rediff.com8 Dec 2022

Two Adani group companies -- Adani Enterprises and Adani Transmission -- have uprooted the traditional leader Reliance Industries in annual wealth creation in 2022 so far, while the top 100 of them created a massive Rs 92.2 lakh crore of wealth, according to a report. However, Reliance Industries has smashed all records to emerge as the largest wealth creator during the five-year period ending March 2022, says the leading brokerage Motilal Oswal in its 27th annual wealth creation study. The Gautam Adani group companies have been rallying to dizzying heights in the year as the group snapped up many assets and diversified into newer areas.

US Firms Back Trump's India Tariffs

US Firms Back Trump's India Tariffs

Rediff.com31 Mar 2025

Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.

WeWork's exit from India unit unlikely to impact domestic co-working market

WeWork's exit from India unit unlikely to impact domestic co-working market

Rediff.com25 Jun 2024

The exit of WeWork from its India unit is unlikely to have an impact on the country's co-working real estate market, according to industry executives. The company last week received approval from the Competition Commission of India (CCI) to sell its entire 27.5 per cent stake in the India unit to Real Trustee Advisory Company. The majority of the stake (72.5 per cent) in WeWork India is owned by Bengaluru-based Embassy Group.

IMF imposes 11 new conditions on Pak, warns against tensions with India

IMF imposes 11 new conditions on Pak, warns against tensions with India

Rediff.com18 May 2025

The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme and warned that tensions with India could heighten risks to the scheme's fiscal, external, and reform goals, according to a media report on Sunday.

Not changing 2G judgment, non-auction allocation only for...: Sources

Not changing 2G judgment, non-auction allocation only for...: Sources

Rediff.com25 Apr 2024

The government is not seeking to change the 2012 Supreme Court judgment that backed auction as the preferred mode of allocating telecom spectrum except for narrowly defined sectors such as satellite communication and defence where the auction is not feasible, a top source said on Wednesday.

The remaking of the banking sector

The remaking of the banking sector

Rediff.com15 Apr 2015

Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.

PC shipments in India up 3.8%; HP leads with 30% share

PC shipments in India up 3.8%; HP leads with 30% share

Rediff.com24 Feb 2025

Shipments of personal computers grew 3.8 per cent on a year-on-year basis to 14.4 million driven by demand for gaming and AI-powered PCs, market research firm IDC said on Monday. IDC India, South Asia and ANZ, associate vice president for devices research, Navkendar Singh said the weakening rupee can lead to an increase in device costs, which can impact the price-sensitive SMB (small and medium businesses) and consumer segments but despite all challenges, the India PC market is most likely to witness a low single-digit growth in 2025.

'I'm Not A Chor'

'I'm Not A Chor'

Rediff.com7 Jun 2025

Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.

4 kids among 13 killed in Pak shelling, 57 injured

4 kids among 13 killed in Pak shelling, 57 injured

Rediff.com8 May 2025

The worst-hit in the Pakistani shelling was Poonch district which accounted for all the civilian deaths, the officials said, adding 28 persons were also injured and the condition of some of them was stated to be critical.

Pak shelling toll rises to 7 in J-K, more than 25 hurt

Pak shelling toll rises to 7 in J-K, more than 25 hurt

Rediff.com11 May 2025

The casualties were reported hours before India and Pakistan agreed to end hostilities, which soared after the Indian Armed Forces hit terror launchpads in Pakistan and Pakistan-occupied Kashmir earlier this week in response to the Pahalgam attack.

'Govt won't privatise GIC Re at this stage'

'Govt won't privatise GIC Re at this stage'

Rediff.com5 May 2024

'Because it is the only public sector company in this sector, currently.'

Exiting Markets Now Could Cost You

Exiting Markets Now Could Cost You

Rediff.com21 Apr 2025

Investors should avoid making drastic changes to their asset allocation during a market correction.

Power sectors hopes for reforms in the upcoming Budget

Power sectors hopes for reforms in the upcoming Budget

Rediff.com27 Jun 2014

Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.

Market concentration of telecom sector leaders rises to 72% in FY23

Market concentration of telecom sector leaders rises to 72% in FY23

Rediff.com20 Jun 2023

Market concentration in the country's telecom sector continues to scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea. The combined revenue (or net sales) share of the country's top two telecom operators - Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 per cent in FY23 from 70.4 per cent in FY22 and around 60 per cent in FY20. The net sales of Reliance Jio and Bharti Airtel India were Rs 1.67 trillion in FY23, up 18.6 per cent from the Rs 1.4 trillion a year earlier.

Could United and Liverpool get Saudi owners?

Could United and Liverpool get Saudi owners?

Rediff.com25 Nov 2022

"It's the most-watched league in Saudi and the region, and you have a lot of fans of the Premier League," Prince Abdulaziz bin Turki Al Faisal told the BBC.

'Companies Will Be More Powerful Than Nations'

'Companies Will Be More Powerful Than Nations'

Rediff.com19 Aug 2025

'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'

Is Modi's 'Mr India' Image Fading?

Is Modi's 'Mr India' Image Fading?

Rediff.com20 Aug 2025

'The Election Commission's involvement in the avoidable SIR controversy has carried a message down to the last voter -- who just does not like it,' observes N Sathiya Moorthy.

'Super spokesperson of BJP': Cong's Udit Raj slams Tharoor again

'Super spokesperson of BJP': Cong's Udit Raj slams Tharoor again

Rediff.com29 May 2025

Congress leader Udit Raj criticized party colleague Shashi Tharoor for his reported remarks that India breached the Line of Control (LoC) for the first time during the 2016 surgical strike on a terror base, saying he should be declared a "super spokesperson of the BJP". Raj argued that India had crossed the LoC in 1965 and 1971, and that the UPA government had also conducted surgical strikes. Tharoor had reportedly said that India breaching the LoC to conduct a surgical strike was "something we had not done before". This is not the first time Raj has criticized Tharoor for his comments on India-Pakistan relations. Last month, Raj had hit out at Tharoor for his reported "no country has 100-per cent foolproof intelligence" remarks, questioning how Tharoor could be giving the BJP a "clean chit" on the Pahalgam terror attack. Tharoor had hit back at Raj, saying the latter is a former BJP MP and "is better qualified to understand who speaks for the BJP".

India gets ready to face possible fallout of US tariffs

India gets ready to face possible fallout of US tariffs

Rediff.com1 Apr 2025

The commerce ministry is working on different scenarios to assess the possible fallout of reciprocal tariffs to be imposed by the US administration on April 2 on its key trading partners including India, sources said. US President Donald Trump has said that April 2 will be 'Liberation Day' as he plans to announce tariffs or import duties to bring down America's trade deficit, and promote the country's manufacturing.

Avoid public gatherings, international travel: IMA

Avoid public gatherings, international travel: IMA

Rediff.com22 Dec 2022

In an advisory, the Indian Medical Association (IMA) also appealed to people to take COVID-19 vaccines, including the precaution dose, and follow Covid-appropriate behaviour such as using masks in public places and maintaining social-distancing norms to 'overcome the impending Covid outbreak'.

Bharat Mata Dispute Rocks Kerala Academia

Bharat Mata Dispute Rocks Kerala Academia

Rediff.com25 Jul 2025

The Bharat Mata controversy in Kerala shows how political and symbolic fights between the state and the Centre have taken attention away from education, throwing the state's oldest university into confusion and disorder, observes Shyam G Menon.

'Trump's Hopes For India's Tariff Cuts Too Ambitious'

'Trump's Hopes For India's Tariff Cuts Too Ambitious'

Rediff.com2 Apr 2025

'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'

Centre To Boost States' Heatwave Plans

Centre To Boost States' Heatwave Plans

Rediff.com9 Jun 2025

About 57 per cent of Indian districts, home to 76 per cent of the country's population, are currently at high to very high risk from extreme heat.

Can Owaisi, Panda Convince The Saudis?

Can Owaisi, Panda Convince The Saudis?

Rediff.com22 May 2025

Their shared brief: To assert India's case with clarity, rebut hostile narratives, and secure enduring partnerships for global counter-terror cooperation.

Was RBI's June meet the last straw for Acharya?

Was RBI's June meet the last straw for Acharya?

Rediff.com24 Jun 2019

While Governor Das was sanguine on government walking the fiscal prudence path--which was missed three out of the five budgets of the Modi government--Acharya pointed to the fiscal slippages as a worry.

Tariffs are integral to Trump's vision for US economy

Tariffs are integral to Trump's vision for US economy

Rediff.com23 Apr 2025

Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional, asserts T T Ram Mohan.

LIC Hits Back At USTR Bias Claim

LIC Hits Back At USTR Bias Claim

Rediff.com5 Apr 2025

LIC said USTR's views are based on an incomplete understanding of Indian insurance regulation and LIC's functioning.

Why Kerala Opposes Sand Sea Mining

Why Kerala Opposes Sand Sea Mining

Rediff.com19 Apr 2025

If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.

Rosneft inks record oil supply deal with RIL

Rosneft inks record oil supply deal with RIL

Rediff.com13 Dec 2024

Russia's state-owned oil firm Rosneft has agreed to supply up to 500,000 barrels per day (bpd) of crude oil to Indian upstream oil and gas major Reliance Industries (RIL) in the largest-ever energy deal between the two countries, Reuters reported on Thursday. The 10-year agreement amounts to 0.5 per cent of global oil supply and is valued at roughly $13 billion per year at current prices, it said.

Road map for India's PSU divestment soon: Fin secy

Road map for India's PSU divestment soon: Fin secy

Rediff.com15 Jul 2009

The government will retain 51 per cent stake in all public sector units, finance secretary Ashok Chawla said. The government has proposed to mop up Rs 1,100 crore (Rs 11 billion) this fiscal from divestment of stake in PSUs.

Have better...: Shashi Tharoor slams 'zealots' amid Cong criticism

Have better...: Shashi Tharoor slams 'zealots' amid Cong criticism

Rediff.com29 May 2025

Tharoor said his remarks were preceded by a reference to the several attacks that have taken place in recent years alone, during which previous Indian responses were both restrained and constrained by India's responsible respect for the LoC and the IB.