News for 'Rediff Archives'

Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Rediff.com23 Jul 2024

Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. "The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun category', she said while presenting the Budget in the Lok Sabha.

Reliance board approves 1:1 bonus issue

Reliance board approves 1:1 bonus issue

Rediff.com5 Sep 2024

The board of Reliance Industries Ltd on Thursday approved issuing 1:1 bonus shares -- the first bonus issue in seven years. Reliance, the nation's most valuable company, had last issued bonus shares in September 2017.

David Warner retires from ODIs before farewell Test

David Warner retires from ODIs before farewell Test

Rediff.com1 Jan 2024

Australia opener David Warner had decided to call time on his One-Day International and Test careers to spend more time with his family.

Adani Green's Khavda power plant is world's largest and 5 times the size of Paris

Adani Green's Khavda power plant is world's largest and 5 times the size of Paris

Rediff.com7 Apr 2024

Adani Green Energy Limited is developing 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over area of 538 sq km after which the project would be the planet's largest power plant.

After nearly 2 years, industrial production contracts 0.1% in August

After nearly 2 years, industrial production contracts 0.1% in August

Rediff.com11 Oct 2024

After a gap of nearly two years, India's industrial production turned negative as it contracted by 0.1 per cent in August, mainly due to a decline in the mining and power generation sectors' output, in addition to an almost flat expansion in the manufacturing sector. According to the data released by the National Statistical Office (NSO), factory output growth based on the Index of Industrial Production (IIP) has also been revised downwards for July to 4.7 per cent from the earlier estimate of 4.8 per cent. "The IIP growth rate for the month of August 2024 is (-) 0.1 per cent, which was 4.7 per cent in the month of July 2024," NSO said in a release.

Is Lyon better than Ashwin in Test cricket?

Is Lyon better than Ashwin in Test cricket?

Rediff.com23 Sep 2024

Panesar believes Lyon is a better bowler than Ashwin because of the dominance he has imposed in Australia, where spinners struggle to find assistance from the pitch.

Why India Needs Trump's Tariffs To Reform Again

Why India Needs Trump's Tariffs To Reform Again

Rediff.com10 Apr 2025

India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.

7 Years Later, Bhima Koregaon Revisited

7 Years Later, Bhima Koregaon Revisited

Rediff.com1 Jan 2025

With all the evasions, one assertion made by the Pune (Rural) police stood out: They had found no connection of the Elgar Parishad with the violent incidents of January 1, 2018. Yet, the case against the 'Bhima Koregaon 16', which is based on exactly this alleged connection, continues, and seven of the accused continue to be behind bars under the UAPA, explains Jyoti Punwani.

Automobile exports from India rise 15.5% in Q1

Automobile exports from India rise 15.5% in Q1

Rediff.com14 Jul 2024

Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 152,156 units in the same period last year.

Easy win for Prannoy, Sameer causes upset at Australian Open

Easy win for Prannoy, Sameer causes upset at Australian Open

Rediff.com13 Jun 2024

However, it was curtains for Kiran George in the men's singles event as he lost 20-22, 6-21 against seventh seed Kenta Nishimoto of Japan.

South Africa opener Elgar to retire after India Tests

South Africa opener Elgar to retire after India Tests

Rediff.com22 Dec 2023

South Africa meet India in Centurion in the opening Test starting on December 26 before moving to Cape Town for the second match from January 3.

Promising career cut short: Will Pucovski retires at 26

Promising career cut short: Will Pucovski retires at 26

Rediff.com29 Aug 2024

After many episodes of concussion, Will Pucovski's career comes to premature end at 26. He was once seen as the future of Australian batting.

Sensex gains 268 points on fag-end buying

Sensex gains 268 points on fag-end buying

Rediff.com14 Feb 2024

State Bank of India was the biggest gainer in the Sensex pack, rising 4.24 per cent, followed by Tata Steel, Axis Bank, Maruti, NTPC, PowerGrid, ITC and Nestle India. Reliance jumped 1.15 per cent to end at Rs 2,962.60 apiece on BSE.

Govt cuts gas allocation for LPG, diverts to city gas retailers

Govt cuts gas allocation for LPG, diverts to city gas retailers

Rediff.com3 Jan 2025

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according an official order. The government had in October and November last year cut supplies of low-priced natural gas coming from old fields such as Mumbai High and Bassein fields in the Bay of Bengal, to city gas retailers by as much as 40 per cent in view of limited output.

Will RBI cut interest rate this October?

Will RBI cut interest rate this October?

Rediff.com16 Sep 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has said the decision on interest rate moderation will be based on long-term inflation trajectory and not monthly data. The Monetary Policy Committee (MPC) headed by the RBI Governor is scheduled to meet between October 7 and 9 and take call on interest rate. The RBI kept the repo rate unchanged at 6.5 per cent for the ninth time in a row amid risks from higher food inflation.

'Rohit, Virat needed for India to win T20 WC'

'Rohit, Virat needed for India to win T20 WC'

Rediff.com11 Jan 2024

'India have shown their intent by adding Rohit Sharma and Virat Kohli to their T20I squad.'

Hema Malini@75, Through The Years

Hema Malini@75, Through The Years

Rediff.com16 Oct 2023

The ethereal Hema Malini turns 75 on October 16, and gives us yet another reason to celebrate her.

Reliance Q3 net rises 7.4% on rebound in retail, higher telecom earnings

Reliance Q3 net rises 7.4% on rebound in retail, higher telecom earnings

Rediff.com16 Jan 2025

Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose. Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.

Will CNG become costlier in Mumbai, Delhi?

Will CNG become costlier in Mumbai, Delhi?

Rediff.com17 Oct 2024

The government has slashed by up to a fifth the supplies of cheaper gas to city gas entities that retail CNG to automobiles, increasing their dependence in costly imported fuel. Buying costly imported gas to make up for the shortfall should result in a hike in CNG price but given the ensuing assembly elections in Maharashtra, that may be put off for now. Indraprastha Gas Ltd and Mahanagar Gas Ltd in regulatory filings stated that supplies of domestically produced gas, which was available at a capped rate which is half of the imported price, has been cut.

Court forces police to protect wrestler in Brij Bhushan case

Court forces police to protect wrestler in Brij Bhushan case

Rediff.com22 Aug 2024

A Delhi court directed the city police on Thursday to immediately reinstate the security of a female wrestler who has accused former Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh of sexual harassment.

Tenacity, altruism define white-ball maestro Dhawan

Tenacity, altruism define white-ball maestro Dhawan

Rediff.com24 Aug 2024

In a career that spanned over 14 years, the calmness that Dhawan exuded on and off the field was one characteristic that set him apart from the other stalwarts of Indian cricket.

Why brokerages have revised their target prices for DMart

Why brokerages have revised their target prices for DMart

Rediff.com14 Jan 2025

Brokerages on DMart Q3 results: Avenue Supermarts (DMart) shares slipped as much as 5.74 per cent to hit an intraday low of Rs 3,474 per share on Monday. However, the stock recovered slightly to close at Rs 3,507.95, down 4.82 per cent. Notably, the 52-week low for DMart shares is Rs 3,400. The downward movement in DMart's share price was triggered by the company's 2024-25 (FY25) October-December quarter (Q3) results, which missed Street expectations.

Man, 4 daughters found dead at Delhi house

Man, 4 daughters found dead at Delhi house

Rediff.com28 Sep 2024

The deceased have been identified as Heeralal Sharma, who worked as a carpenter at the Indian Spinal Injury Centre in Vasant Kunj for the last 28 years, and his four daughters -- Neetu (26), Nikki (24), Neeru (23) and Nidhi (20). The bodies, found on Friday afternoon, did not have any injury mark.

Rekha, Through The Years

Rekha, Through The Years

Rediff.com10 Oct 2023

We flip through our archives and pick some of the best Rekha images through the years.

BFI parts ways with IBA, joins World Boxing

BFI parts ways with IBA, joins World Boxing

Rediff.com31 May 2024

On May 7, WB held its first formal meeting with the IOC which signalled the start of a formal collaboration between the two organisations aimed at establishing a pathway for boxing to remain in the Olympic Games.

RPL stock case: Relief to Mukesh Ambani as SC junks Sebi plea

RPL stock case: Relief to Mukesh Ambani as SC junks Sebi plea

Rediff.com11 Nov 2024

The Supreme Court on Monday dismissed a plea filed by Sebi against a Securities Appellate Tribunal order which set aside the penalty imposed by the market regulator on RIL chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in shares of the erstwhile Reliance Petroleum Ltd (RPL) in November 2007. A bench of Justices J B Pardiwala and R Mahadevan said it was not inclined to interfere with the order passed by SAT.

Swiggy refiles IPO papers; eyes Rs 3,750 cr via fresh issue

Swiggy refiles IPO papers; eyes Rs 3,750 cr via fresh issue

Rediff.com26 Sep 2024

Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.

Built consensus with India, will reach solution at early date, says China

Built consensus with India, will reach solution at early date, says China

Rediff.com26 Sep 2024

China and India were able to "reduce differences" and build "some consensus" on disengaging troops from friction points to end the standoff in eastern Ladakh and agreed to maintain dialogue to reach a resolution acceptable to both sides at an "early date", the Chinese defence ministry said on Thursday.

No fans allowed for Pakistan's WC warm-up in Hyderabad

No fans allowed for Pakistan's WC warm-up in Hyderabad

Rediff.com26 Sep 2023

Pakistan's first warm-up match ahead of the World Cup will be played behind closed doors in Hyderabad for security reasons.

Former NITI Aayog VC Arvind Panagariya to head Finance Commission

Former NITI Aayog VC Arvind Panagariya to head Finance Commission

Rediff.com31 Dec 2023

The government on Sunday appointed former Niti Aayog vice chairman Arvind Panagariya as the Chairman of the 16th Finance Commission. Joint Secretary in the finance ministry Ritvik Ranjanam Pandey will be the secretary to the commission, the government said in a notification. "The President is pleased to constitute a Finance Commission with Dr Arvind Panagariya, former Vice-Chairman, NITI Aayog and Professor, Columbia University, as the Chairman. Members of the Commission will be notified separately," it said.

Perth Test could be preview to WTC final: Green

Perth Test could be preview to WTC final: Green

Rediff.com6 Sep 2024

Australia spinner Nathan Lyon termed Indian players as superstars' while hoping to revive his on-field rivalry with India spinner Ravichandran Ashwin.

Mariyappan's Historic Paralympic Hat-Trick

Mariyappan's Historic Paralympic Hat-Trick

Rediff.com6 Sep 2024

Gold in Rio. Silver in Tokyo. Bronze in Paris. Mariyappan Thangavelu is a Paralympic legend.

Sprinter Hima exonerated by NADA over doping charges

Sprinter Hima exonerated by NADA over doping charges

Rediff.com11 Oct 2024

The 24-year-old Hima was last year provisionally suspended by the National Anti-Doping Agency (NADA) for three whereabout failures in a span of 12 months. She was, however, cleared by the Anti-Doping Disciplinary Panel (ADDP) following a hearing in March.

BCCI to honour Tendulkar with Lifetime Achievement Award

BCCI to honour Tendulkar with Lifetime Achievement Award

Rediff.com31 Jan 2025

Tendulkar's 200 Test and 463 ODI appearances are also the highest by any player in the history of the game.

Annu Rani, Rajesh Ramesh warm up for Olympics with wins in Warsaw

Annu Rani, Rajesh Ramesh warm up for Olympics with wins in Warsaw

Rediff.com21 Jul 2024

Yarraji also competed in the women's 200m event in Warsaw and clocked 23.53 to finish second behind compatriot Kiran Pahal, who timed her run at 23.33.

Shahid Afridi named as T20 WC ambassador

Shahid Afridi named as T20 WC ambassador

Rediff.com24 May 2024

Afridi, who was the player of the tournament in 2007 when his team lost to India in the final, said he was looking forward to Pakistan's match against India on June 8 in New York.

Imports of pulses may dip in FY25 on good monsoon

Imports of pulses may dip in FY25 on good monsoon

Rediff.com12 Aug 2024

After climbing to the highest level in more than five years to 4.7 million tonnes in FY24, India might import fewer quantities of pulses this financial year at 4-4.5 mt on the back of good monsoon and higher domestic production, Bimal Kothari, chairman of India Pulses and Grains Association (IPGA), said in New Delhi on Friday. Kothari was addressing reporters on the sidelines of a seminar on pulses titled "Bharat Dalhan-2024".

Infosys loses $1.5 bn mega contract; client terminates deal

Infosys loses $1.5 bn mega contract; client terminates deal

Rediff.com24 Dec 2023

IT services firm Infosys has said that a global company has decided to terminate a multi-year contract worth $1.5 billion with it. On September 14, 2023, Infosys announced a pact with a global company to offer enhanced digital experiences alongside modernisation and business operations services leveraging Infosys platforms and AI (Artificial Intelligence) solutions. In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the Memorandum of Understanding (MoU) and the parties will not be pursuing the master agreement."

'India Has Become More Aggressive With China'

'India Has Become More Aggressive With China'

Rediff.com10 Jul 2024

'China will do everything to hamper our ability to be a competitor.' 'China wants every country in the region to be subservient and we are the biggest stumbling block.'

Reliance is 1st listed company to hit Rs 20 lakh cr m-cap

Reliance is 1st listed company to hit Rs 20 lakh cr m-cap

Rediff.com13 Feb 2024

Billionaire Mukesh Ambani-promoted Reliance Industries Ltd (RIL) on Tuesday became the first listed company to hit the Rs 20 lakh crore market valuation mark. The market heavyweight's stock jumped 1.88 per cent to its record high of Rs 2,957.80 apiece on the BSE. It finally settled at Rs 2,928.95 per piece, up 0.90 per cent on the bourse.