News for 'State Trading Corp'

Trump exits G7 Summit early 'to deal with Middle East'

Trump exits G7 Summit early 'to deal with Middle East'

Rediff.com17 Jun 2025

US President Donald Trump has cut short his visit to Canada, where he was to attend G7 Summit meetings, to return to Washington, DC, a day earlier amid escalating tensions between Iran and Israel.

Indira Gandhi Or Modi: Who's India's Strongest PM?

Indira Gandhi Or Modi: Who's India's Strongest PM?

Rediff.com5 Sep 2025

Mrs Gandhi's power ebbed and peaked with the times. Mr Modi's has almost been constant, barring the few months of hard dip after the 240 seats of 2024, points out Shekhar Gupta.

FirstMeridian Business, IRM Energy, Lohia Corp get Sebi nod to float IPOs

FirstMeridian Business, IRM Energy, Lohia Corp get Sebi nod to float IPOs

Rediff.com28 Feb 2023

Three companies -- FirstMeridian Business Services Ltd, IRM Energy Ltd and Lohia Corp -- have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). These firms, which filed their preliminary IPO papers with the markets regulator between September 2022 and January 2023, obtained the observation letters during February 21-24, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi parlance, observation implies go-ahead to the company to float the initial share-sale.

'Some big, punitive action is being planned'

'Some big, punitive action is being planned'

Rediff.com25 Apr 2025

'India today feels enough is enough and we need to teach Pakistan a lesson.' 'Unless compelled, Mr Modi will think 10 times before taking the extreme step.'

90% of Nifty 500 stocks trade above 200-DMA; time to be selective: Analysts

90% of Nifty 500 stocks trade above 200-DMA; time to be selective: Analysts

Rediff.com14 Dec 2023

Nearly 90 per cent of the stocks comprising the National Stock Exchange Nifty 500 Index and 49 of the 50 stocks that make up the Nifty50 are trading above their respective 200-day moving averages (DMAs). The 200-DMA is considered one of the most relevant trend indicators by investors and traders. They believe that stocks and indices trading above this key level exhibit strength and are likely to rally, while those trading below this level are viewed as bearish, with the stock/index expected to see a selloff.

China has violated border pacts with India, says Jaishankar

China has violated border pacts with India, says Jaishankar

Rediff.com2 Oct 2024

China has violated border agreements, External Affairs Minister S Jaishankar said on Tuesday, noting that continued tension will cast a natural shadow over the rest of this relationship.

Jimmy Carter, 39th US president, dies at 100

Jimmy Carter, 39th US president, dies at 100

Rediff.com30 Dec 2024

Jimmy Carter, the 39th US president and a champion of peace and human rights, has died at the age of 100. Carter, who was known for his work with the Carter Center, promoting democracy and conflict resolution, was also a close friend of India. He visited the country in 1978, forging a lasting relationship between the two nations.

Govt starts search for 27 PSU board members

Govt starts search for 27 PSU board members

Rediff.com17 Jul 2008

The Public Enterprises Selection Board, which advises and helps government in selection of board members at public sector firms, has started the recruitment process for at least 27 board positions of various PSEs, a number of which have already fallen vacant. Among the Chairman or CMD level vacancies, for which applications are being sought, the positions of HAL Chairman and CMDs at HSL, ECIL, MSTC, STC and BEL would fall vacant between April-June next year.

Indian Biz Sees Hope After Bangladesh SC Order

Indian Biz Sees Hope After Bangladesh SC Order

Rediff.com22 Jul 2024

'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'

India to import record wheat

India to import record wheat

Rediff.com28 Aug 2007

The Indian government is on a wheat buying mission. Officials said India will buy a record amount of the commodity to increase stockpiles even as the world price of wheat has skyrocketed.

Nifty 50 Can Fall Another 1,000 Points

Nifty 50 Can Fall Another 1,000 Points

Rediff.com25 Oct 2024

If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.

How I Became A Coorg By Order!

How I Became A Coorg By Order!

Rediff.com28 Feb 2025

'After his warm and affectionate farewell speech, the Chief of Staff of the formation asked me, "So, now you are off to Coorg to look after your coffee estates?"' For the last time, in Army uniform and much to his surprise, I replied, "Sir, I am not from Kodagu.".'

Street positive on long-term capex plans of Power Grid Corp

Street positive on long-term capex plans of Power Grid Corp

Rediff.com10 Aug 2023

Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in the transmission market. This includes opportunities from the Rs 2.4 trillion green energy corridor.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com5 May 2024

The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.

Trump 47: Disruptor Or Savvy Dealmaker?

Trump 47: Disruptor Or Savvy Dealmaker?

Rediff.com21 Jan 2025

Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.

Xi appoints new envoy to India after 18-month delay amid frozen ties

Xi appoints new envoy to India after 18-month delay amid frozen ties

Rediff.com7 May 2024

Xu, 60, is expected to travel to New Delhi soon to take over his new posting.

Ready to 'properly handle' border situation, Chinese FM tells Doval

Ready to 'properly handle' border situation, Chinese FM tells Doval

Rediff.com10 Jul 2024

Chinese Foreign Minister Wang Yi has expressed readiness to join hands with India's National Security Advisor Ajit Doval to "properly handle" issues related to the situation on the ground in the border areas, amid the protracted border row in eastern Ladakh.

China: 'India Must Not Accept Ceding Of Patrolling Rights'

China: 'India Must Not Accept Ceding Of Patrolling Rights'

Rediff.com22 Oct 2024

'Disengagement is merely the first step in a lengthy process of arriving at a new normal along the LAC in Eastern Ladakh and the entire land boundary.' 'The Indian government should insist on the restoration of the status quo ante in Eastern Ladakh.'

Border situation 'generally stable': China on Modi's remarks

Border situation 'generally stable': China on Modi's remarks

Rediff.com25 Apr 2024

The Chinese military on Thursday said the situation along the India-China border 'at present' is 'generally stable' and both sides have maintained 'effective' communication to resolve the military standoff in eastern Ladakh.

Petrol at all-time high, diesel crosses Rs 100 in some states

Petrol at all-time high, diesel crosses Rs 100 in some states

Rediff.com1 Oct 2021

Petrol and diesel price soared to an all-time high across the country on Friday after rates were hiked again by 25 paise and 30 paise a litre, respectively. The price of petrol in Delhi rose it its highest ever level of Rs 101.89 a litre and to Rs 107.95 in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates too touched a record high of Rs 90.17 in Delhi and Rs 97.84 in Mumbai.

New York Labor Day Parade Was A Spectacle!

New York Labor Day Parade Was A Spectacle!

Rediff.com9 Sep 2024

Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.

India Should Be Battle Ready With China

India Should Be Battle Ready With China

Rediff.com14 Aug 2024

'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).

Tatas to be India's first homegrown iPhone maker

Tatas to be India's first homegrown iPhone maker

Rediff.com27 Oct 2023

Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.

India Needs A National Security Strategy

India Needs A National Security Strategy

Rediff.com4 Oct 2024

The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).

ONGC, Oil India to buy 10% stake in Indian Oil Corp

ONGC, Oil India to buy 10% stake in Indian Oil Corp

Rediff.com6 Mar 2014

State-owned ONGC and Oil India Ltd (OIL) are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300 crore (Rs 53 billion).

China reacts to Modi's comments on border dispute

China reacts to Modi's comments on border dispute

Rediff.com11 Apr 2024

China said that "sound and stable ties" serve the common interests of China and India.

'Positive progress' made to resolve border row: China

'Positive progress' made to resolve border row: China

Rediff.com12 Apr 2024

China and India have made 'positive progress' to resolve the border standoff, with both sides maintaining close communication through diplomatic and military channels, a senior foreign ministry official said in Beijing on Friday.

No woman director in 56 NSE-listed companies

No woman director in 56 NSE-listed companies

Rediff.com19 Apr 2016

All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.

Sensex reclaims 35,000 mark in morning trade

Sensex reclaims 35,000 mark in morning trade

Rediff.com2 Nov 2018

Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.

FM bets big on divestment, targets Rs 43,000 crore

FM bets big on divestment, targets Rs 43,000 crore

Rediff.com5 Feb 2015

Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.

No thaw in sight in India-China ties for 4th year

No thaw in sight in India-China ties for 4th year

Rediff.com28 Dec 2023

With Beijing remaining intransigent on the withdrawal of additional troops deployed by the People's Liberation Army (PLA) since the deadly border clash in 2020 in eastern Ladakh, India's bilateral ties with China remained frozen in 2023 with no forward movement on the horizon despite several rounds of diplomatic and military talks.

Some active funds made hefty bets on Jio Financial amid ETF selling

Some active funds made hefty bets on Jio Financial amid ETF selling

Rediff.com20 Sep 2023

At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.

Govt lines up 12 PSUs for stake sale in 2015-16

Govt lines up 12 PSUs for stake sale in 2015-16

Rediff.com13 Apr 2015

Govt seems to bullish to meet its disinvestment target in current fiscal.

A 10-Point Wishlist For Modi's Third Term

A 10-Point Wishlist For Modi's Third Term

Rediff.com14 Mar 2024

If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.

Will govt's divestment programme 'SAIL' through?

Will govt's divestment programme 'SAIL' through?

Rediff.com6 Dec 2014

Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.

Armed forces face shortage of 1.5 lakh personnel, maximum in Army: Govt

Armed forces face shortage of 1.5 lakh personnel, maximum in Army: Govt

Rediff.com27 Mar 2023

Bhatt said there is a shortage of 8,129 officers in the Indian Army that includes Army Medical Corps and Army Dental Corps.

Markets consolidate gains in choppy trade

Markets consolidate gains in choppy trade

Rediff.com6 Apr 2018

In the Sensex pack, ICICI Bank emerged as the top gainer by rising 0.97 per cent, while Tata Steel advanced 0.92 per cent.

US trade deficit widens in December

US trade deficit widens in December

Rediff.com5 Feb 2015

US trade deficit rose to its highest level since 2012.

Pvt firms can't import kerosene: Govt

Pvt firms can't import kerosene: Govt

Rediff.com28 Nov 2003

Government has scrapped kerosene imports by private companies and decided that only state-run firms will import the fuel to end its adulteration in diesel.

Indo-Pak trade talks to be hit again

Indo-Pak trade talks to be hit again

Rediff.com8 Aug 2013

The MFN (Most Favoured Nation, meaning non-discriminatory treatment for each other) issue is of prime importance to India, as it wants to have greater access in the Pakistani markets.