News for 'Standard Trading Company'

We are safe only when everyone is safe

We are safe only when everyone is safe

Rediff.com7 Jul 2021

So vaccinate employees and families, staff at home, rickshaw drivers, milkmen, service providers, shopkeepers and street vendors, says Naushad Forbes.

China could've stopped virus, but didn't: Trump

China could've stopped virus, but didn't: Trump

Rediff.com21 May 2020

The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.

ITC pushes Yippee noodles to replace Maggi

ITC pushes Yippee noodles to replace Maggi

Rediff.com13 Jun 2015

ITC has provided retailers with leaflets to assure customers of Yippee noodle's quality and safety standards

Why this Businessman Quit Kerala

Why this Businessman Quit Kerala

Rediff.com26 Jul 2021

Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?

MSMEs need help again but not the way govt did last time

MSMEs need help again but not the way govt did last time

Rediff.com10 May 2021

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.

The murky trail of Rana Kapoor's firm DOIT

The murky trail of Rana Kapoor's firm DOIT

Rediff.com24 Mar 2020

DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.

Why cryptocurrencies will continue to grow in India

Why cryptocurrencies will continue to grow in India

Rediff.com6 Jan 2022

The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.

RIL, Sebi case: Next hearing on August 8

RIL, Sebi case: Next hearing on August 8

Rediff.com3 May 2017

In a nearly 10-year-old case, Sebi on March 24 had banned Reliance Industries and 12 others from equity derivatives trading for one year, while accusing RIL of making 'unlawful gains'.

Boosting exports key to solving India's economic woes

Boosting exports key to solving India's economic woes

Rediff.com30 Oct 2018

A long term solution to reduce India's Current Account Deficit will be to increase India's share of global merchandise exports, so that we are able use our exports to fund our imports, points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.

After 7 decades in business, Madras Stock Exchange gets Sebi nod for exit

After 7 decades in business, Madras Stock Exchange gets Sebi nod for exit

Rediff.com18 May 2015

Sebi had given the exchanges a 2-year window to comply or exit.

S&P launches Rupee index

S&P launches Rupee index

Rediff.com13 Mar 2008

Leading index provider Standard & Poor's on Thursday announced the launch of currency indices - Indian Rupee index and Chinese Renminbi index. Global investors would get access to the currencies of the two emerging economic superpowers, it will also serve as a reliable and relative benchmark for currency performance. The indices will replicate the performance of the Chinese Renminbi & the Indian Rupee versus the US Dollar. The indices will also have an excess return version.

India-Japan pact hangs in balance over pharma exports

India-Japan pact hangs in balance over pharma exports

Rediff.com3 Sep 2014

Under MRA, Japan is to recognise Indian medical degrees and treat the country's doctors and other medical personnel on par with its own.

Tech Mahindra bags $100-mn outsourcing deal from Vodafone New Zealand

Tech Mahindra bags $100-mn outsourcing deal from Vodafone New Zealand

Rediff.com28 May 2019

According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package

Why corporate credit may grow in next few quarters

Why corporate credit may grow in next few quarters

Rediff.com22 Apr 2019

With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.

Mukesh Ambani bats for data privacy, cryptocurrency bills

Mukesh Ambani bats for data privacy, cryptocurrency bills

Rediff.com3 Dec 2021

Billionaire Mukesh Ambani on Friday backed the proposed data privacy and cryptocurrency bills, saying India is putting in place the most forward-looking policies and regulations. Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is stored and shared, said nations have the right to build and protect strategic digital infrastructure. Stating that data is the 'new oil', he said every citizen's right to privacy has to be safeguarded. "India is putting in place the most forward-looking policies and regulations," he said at the Infinity Forum, hosted by International Financial Services Centres Authority (IFSCA).

Govt asks Apple to manufacture, export more from India

Govt asks Apple to manufacture, export more from India

Rediff.com16 Sep 2019

Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.

Time to Hold or Fold in the Market?

Time to Hold or Fold in the Market?

Rediff.com15 Nov 2021

The fundamental debate remains where you stand on the long-term growth question. That is what every investor must monitor and come to their own conclusions, suggests Akash Prakash.

'Premature to talk of changes in Ranbaxy top brass now'

'Premature to talk of changes in Ranbaxy top brass now'

Rediff.com14 Apr 2014

Sun Pharmaceutical Industries will take a call on whether to shut Ranbaxy's troubled factories or make changes in the top management of the latter only after its $4-billion acquisition deal is complete.

MFs dig in for fight on Maruti's Gujarat plant

MFs dig in for fight on Maruti's Gujarat plant

Rediff.com22 Oct 2014

Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.

'We're the only profitable retail chain'

'We're the only profitable retail chain'

Rediff.com10 Sep 2008

Dismissing rumours about his selling out the company, R Subramanian, managing director, Subhiksha Trading Services, says Subhiksha is here to stay. In an interview with Business Standard, Subramanian attempts to clear some of the confusions.

Golden tips to maximise returns on investment

Golden tips to maximise returns on investment

Rediff.com30 Mar 2015

A sensible investor who is always invested will get high returns over the long term.

Maha likely to ink MoC with Japan for big ticket projects

Maha likely to ink MoC with Japan for big ticket projects

Rediff.com6 Sep 2015

As part of its infrastructure development, the state may ask the Japanese government to develop infrastructure with a view to utilise Japan's public funds.

Ambani gained Rs 22,000 cr in Friday's Sensex rally

Ambani gained Rs 22,000 cr in Friday's Sensex rally

Rediff.com23 Sep 2019

In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.

India a land of opportunities: Modi tells Dutch CEOs

India a land of opportunities: Modi tells Dutch CEOs

Rediff.com27 Jun 2017

India has made 7,000 reforms for attracting foreign direct investment in various sectors including real estate and defence: Modi.

Lakshmi Vilas Bank had dug its own grave

Lakshmi Vilas Bank had dug its own grave

Rediff.com4 Dec 2020

Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.

Consumer court orders fresh sample testing for Maggi

Consumer court orders fresh sample testing for Maggi

Rediff.com17 Aug 2015

The apex consumer court on Monday issued notice to Nestle India Limited on a Rs 640-crore or Rs 6.40 billion suit against it by the Centre.

Nirav Modi's Taiwan, Surat, Hong Kong and Dubai connections

Nirav Modi's Taiwan, Surat, Hong Kong and Dubai connections

Rediff.com20 Feb 2018

Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.

If Amul's for butter, will Licious be for meat?

If Amul's for butter, will Licious be for meat?

Rediff.com16 Jun 2018

With India already having a huge population of meat eaters and about 70 per cent of the people being non-vegetarian, Indian entrepreneurs are hotting up the online meat market.

Spike in oil prices a temporary phase

Spike in oil prices a temporary phase

Rediff.com12 Jan 2020

Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.

Coronavirus: India Inc's 5-point wishlist for Modi

Coronavirus: India Inc's 5-point wishlist for Modi

Rediff.com24 Mar 2020

Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.

StanChart to axe 15,000 jobs, raise $5.1 billion in turnaround plan

StanChart to axe 15,000 jobs, raise $5.1 billion in turnaround plan

Rediff.com3 Nov 2015

This is part of an 'aggressive and decisive set of action' to shore up the company.

A Chinese invasion, albeit with a difference

A Chinese invasion, albeit with a difference

Rediff.com4 Oct 2017

Oppo's FDI application approved for single-brand retail trading

The man with the Rs 100 crore salary

The man with the Rs 100 crore salary

Rediff.com2 Jun 2021

'Personally, I have reached that stage where I think material things can't give you any satisfaction.'

5 factors that may help markets scale new highs

5 factors that may help markets scale new highs

Rediff.com29 Jan 2021

Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.

Ex-SBI chief's book is frank, but is it fearless?

Ex-SBI chief's book is frank, but is it fearless?

Rediff.com4 Dec 2021

Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.

All you need to know about India's new software policy

All you need to know about India's new software policy

Rediff.com8 Mar 2019

The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.

Move over Qatar, workers exploited at Russia's WC venues

Move over Qatar, workers exploited at Russia's WC venues

Rediff.com14 Jun 2017

Human Rights Watch (HRW) on Wednesday said it had documented cases where workers building venues for Russia's 2018 soccer World Cup had been left unpaid, made to work in dangerously cold conditions, or suffered reprisals for raising concerns.

Vodafone Idea Ltd becomes a reality

Vodafone Idea Ltd becomes a reality

Rediff.com31 Aug 2018

A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.

IT counters slump on low Infosys results

IT counters slump on low Infosys results

Rediff.com15 Apr 2011

The company reported 2.13 per cent growth in consolidated net profit as per International Financial Reporting Standards.