News for 'Standards Board of India'

Recipe: For The Love Of Cheese

Recipe: For The Love Of Cheese

Rediff.com6 Jun 2024

The star ingredient of many a delicious preparation is, of course, cheese!

T20s an exhibition, Test cricket an examination: Lloyd

T20s an exhibition, Test cricket an examination: Lloyd

Rediff.com11 Jan 2024

The legendary Clive Lloyd wants to see more Test cricket on the international calendar and prefers a minimum of three red-ball games in a bilateral series.

No Kohli or Bumrah in India's T20 squad for Windies

No Kohli or Bumrah in India's T20 squad for Windies

Rediff.com14 Jul 2022

While Rohit Sharma will lead the side, the inclusion of KL Rahul and Kuldeep Yadav is subject to fitness.

UP bans sale of halal-certified products, no restriction on exports

UP bans sale of halal-certified products, no restriction on exports

Rediff.com19 Nov 2023

In a statement, the state government alleged 'malicious attempts' to discourage the use of products lacking a halal certificate not only seek 'unfair financial benefits' but also form part of a 'pre-planned strategy to sow class hatred, create divisions in society, and weaken the country' by "anti-national elements".

Why Binny Bansal will continue to remain a director of Flipkart board

Why Binny Bansal will continue to remain a director of Flipkart board

Rediff.com16 Nov 2018

A board position requires one to hold at least 3 per cent of the outstanding shares. Binny holds around 5 per cent stake in Flipkart

As of now Mobikwik has no plans to enter banking space

As of now Mobikwik has no plans to enter banking space

Rediff.com8 Nov 2023

'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'

Social stock exchange sees its first listing

Social stock exchange sees its first listing

Rediff.com14 Dec 2023

Social stock exchange (SSE) saw its first listing on Wednesday, with SGBS Unnati Foundation becoming the first entity to take this route to avail financing. The foundation - engaged in vocational training of youth - raised Rs 1.8 crore from four investors. These include brokerage firm Zerodha and National Bank for Agriculture and Rural Development (Nabard).

'BJP will have no effect. Not even an iota'

'BJP will have no effect. Not even an iota'

Rediff.com18 Apr 2024

'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'

'Common Muslim Is Happy Over Ram Mandir'

'Common Muslim Is Happy Over Ram Mandir'

Rediff.com31 Jan 2024

'They are happy for the Hindu community as Ram Lalla is consecrated in Ayodhya.'

'Rs 1.7 trillion may be GST average collection next FY'

'Rs 1.7 trillion may be GST average collection next FY'

Rediff.com18 Feb 2024

'We crossed Rs 1.7 trillion in three months this financial year.'

NSE indefinitely defers the internal limit for trading hour extension

NSE indefinitely defers the internal limit for trading hour extension

Rediff.com13 Dec 2023

The National Stock Exchange (NSE) of India is going to indefinitely defer the internal deadline set for extending trading hours, according to sources in the know. The exchange aimed to introduce a three-hour evening session exclusively for index derivatives by March 2024, contingent upon regulatory clearance from the Securities and Exchange Board of India (Sebi). Sources indicate that the market regulator has not provided a favourable indication, dimming optimism surrounding the proposal.

DRDO Biggest Hindrance To Atmanirbharta In Defence

DRDO Biggest Hindrance To Atmanirbharta In Defence

Rediff.com26 Mar 2024

DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).

Railways Realising Its Paperless Dreams

Railways Realising Its Paperless Dreams

Rediff.com17 May 2023

'Currently, 81 per cent of all reserved tickets are booked through e-ticketing.'

Ex-Sebi boss M Damodaran on what ails India's financial sector

Ex-Sebi boss M Damodaran on what ails India's financial sector

Rediff.com22 Dec 2022

Regulatory capacity, hyperactivity and excessive prescription are the biggest challenges the financial sector is facing, said Meleveetil Damodaran, former chairperson, Securities and Exchange Board of India (Sebi). Speaking at the Business Standard BFSI Summit on Wednesday, Damodaran highlighted the need for simpler, clear, and continuous regulations in the financial sector. He opined that the industry had felt it challenging to keep pace with the changing regulations.

'Tax buoyancy can't continue year after year'

'Tax buoyancy can't continue year after year'

Rediff.com16 Feb 2024

'The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened.'

Capex by central public sector enterprises at 42% of FY24 target

Capex by central public sector enterprises at 42% of FY24 target

Rediff.com13 Sep 2023

Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.

RBI directs pvt banks to have at least two wholetime directors

RBI directs pvt banks to have at least two wholetime directors

Rediff.com26 Oct 2023

In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.

The Complete Hotelier And Host Extraordinaire

The Complete Hotelier And Host Extraordinaire

Rediff.com17 Nov 2023

Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.

Kerala tribal Minnu ready for India chapter

Kerala tribal Minnu ready for India chapter

Rediff.com6 Mar 2023

The journey has been tough and unconventional, but it has been worthwhile as Kerala tribal Minnu Mani became the only girl from the state to play in the WPL.

Sebi chairman against brokers on NSE board

Sebi chairman against brokers on NSE board

Rediff.com16 May 2011

Regulator proposes mutual fund model for infrastructure debt funds.

IMEC: Project Biden Thinks Hamas Targeted

IMEC: Project Biden Thinks Hamas Targeted

Rediff.com26 Oct 2023

Israeli Prime Minister Benjamin Netanyahu termed it the 'largest cooperation project in our history', one that would 'change the face of the Middle East, Israel, and impact the entire world'.

Indian pharma exports to Iran decline thanks to its lower rupee reserves

Indian pharma exports to Iran decline thanks to its lower rupee reserves

Rediff.com3 Oct 2023

India's pharmaceutical exports to Iran have been hit owing to depleting rupee reserves in the West Asian country because of India stopping the import of crude oil from it in 2019 following US sanctions. Pharmaceutical exports dropped 71.25 per cent in April-August this year over the same period last year. The data from the Pharmaceutical Exports Promotion Council (Pharmexcil) showed exports to Iran had declined 31.29 per cent in 2022-23 as against the previous financial year.

Bhanu Pratap Sharma is new Banks Board Bureau chief

Bhanu Pratap Sharma is new Banks Board Bureau chief

Rediff.com13 Apr 2018

Govt reconstitutes body, says will not interfere in senior PSB appointments

'Aim to be strong fast-moving consumer goods company'

'Aim to be strong fast-moving consumer goods company'

Rediff.com28 Jan 2024

'Will make sure that we create value. We will again look for organic and inorganic opportunities.'

Citi joins list of foreign banks scaling down India ops

Citi joins list of foreign banks scaling down India ops

Rediff.com30 Mar 2022

Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of Australia have scaled down their operations in India. In a mega-deal announcement on Wednesday, Axis Bank and Citibank said their boards have approved acquisition of Citibank's consumer businesses in India by Axis Bank.

Health check for healers: The big audit firms are under the NFRA lens

Health check for healers: The big audit firms are under the NFRA lens

Rediff.com17 Jan 2024

In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.

Sebi likely to relax new disclosure norms around rumour verification

Sebi likely to relax new disclosure norms around rumour verification

Rediff.com26 Dec 2023

The Securities and Exchange Board of India (Sebi) might relax the disclosure norms around rumour verification to help smooth implementation and ease compliance amid pushback from India Inc, said people in the know. The rule has been notified following amendments to the Listing Obligations and Disclosure Requirements (LODR) by Sebi. However, its implementation has been deferred until February.

Can Your Bank Avoid Cyber Attacks?

Can Your Bank Avoid Cyber Attacks?

Rediff.com1 Dec 2023

The Union finance ministry will meet CEOs of public sector banks to discuss issues related to cybersecurity in the wake of the Rs 820 crore (Rs 8.2 billion) fraud that hit Kolkata-based UCO Bank last month.

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Rediff.com1 Aug 2023

Walmart, the world's largest retailer, has paid $1.4 billion to buy out US-based Tiger Global's investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart's valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan's SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny Bansal, and Accel now have all fully exited the e-commerce firm by selling their stake to Walmart.

How To Prevent Terror On The High Seas

How To Prevent Terror On The High Seas

Rediff.com17 Apr 2024

The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).

NSE's strict-governance platform in limbo after tepid corporate response

NSE's strict-governance platform in limbo after tepid corporate response

Rediff.com18 Apr 2023

The country's largest bourse National Stock Exchange (NSE) has put the NSE Prime initiative in cold storage following lukewarm response from India Inc, said people aware of the development. Inspired by Brazil's Novo Mercado, NSE had announced a separate platform which any listed company could be part of by voluntarily adopting a stricter corporate governance code. Launched in December 2021, NSE Prime was to formally take off within a year after empanelling companies.

Ghost faculty, low attendance in majority of medical colleges: NMC

Ghost faculty, low attendance in majority of medical colleges: NMC

Rediff.com1 Oct 2023

The NMC said it found that none of them visit the emergency department regularly "because there is no one in the emergency medicine department to interact with them other than the casualty medical officer".

RBI tightens fit-and-proper criteria for directors on PSB boards

RBI tightens fit-and-proper criteria for directors on PSB boards

Rediff.com5 Aug 2019

Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards

Paytm looks to rationalise employee costs by revising hiring strategy

Paytm looks to rationalise employee costs by revising hiring strategy

Rediff.com2 Jan 2024

Sources close to the development told Business Standard the company was exploring different ways to save on its employee costs and had laid off a few employees on "performance" grounds. "We will see a similar development for the next few months. "The company is fine-tuning its hiring policies and implement rigourous measures to look into employee performance," a source said.

USISPF Or USIBC? Who Gets Modi's Vote?

USISPF Or USIBC? Who Gets Modi's Vote?

Rediff.com12 Jun 2023

Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.

'Greed and adventurism are bull market traits'

'Greed and adventurism are bull market traits'

Rediff.com25 Sep 2023

'The market should maintain optimism on the back of range-bound oil prices, a robust fiscal balance sheet, a better-than-expected monsoon, and moderating inflation.'

SEBI To Go Soft On Rumour Verification For Listed Cos

SEBI To Go Soft On Rumour Verification For Listed Cos

Rediff.com12 Jan 2024

The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.

Congress' Cricket Promise In MP

Congress' Cricket Promise In MP

Rediff.com15 Nov 2023

'The concept of an MP IPL team is the brainchild of Kamal Nath.' 'If the Congress government comes to power in the state, he will assemble an IPL team for MP with the assistance of his business contacts.'

'BYJU's showing green shoots towards profitability'

'BYJU's showing green shoots towards profitability'

Rediff.com5 Feb 2024

'If you look at assets truly working for us, you should look at Aakash and Great Learning.'

BSE's derivatives journey sees speed bumps as several brokerages resist

BSE's derivatives journey sees speed bumps as several brokerages resist

Rediff.com30 Jul 2023

BSE's fresh shot at cracking the derivatives market is off to a promising start. However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the relaunched Sensex and Bankex derivatives on their platforms. Many brokers maintain that they are working on the back end to enable BSE derivatives on their apps and websites. Some said while volumes are picking up, they are still miniscule compared to bigger rival NSE, which is the most-preferred venue for derivatives trading. Only a few brokers responded to formal queries sent by Business Standard on the issue of allowing BSE derivatives on their platform.