News for 'State for Business and Trade'

'Actors Live In A Bubble, Disconnected From Reality'

'Actors Live In A Bubble, Disconnected From Reality'

Rediff.com1 Apr 2025

'Social media managers, bouncers, their catering department people... they tell the actor whether he should do a film or not.'

A Budget that balances prudence with growth: Birla

A Budget that balances prudence with growth: Birla

Rediff.com2 Feb 2025

Budget 2025-26 delivers a carefully calibrated strategy-stimulating demand and investment while keeping fiscal discipline intact. In an environment marked by global trade disruptions, and a softening in urban consumption, Finance Minister Nirmala Sitharaman has taken a measured approach.

How WCT20 Can Help Boost Trade

How WCT20 Can Help Boost Trade

Rediff.com17 Jun 2024

Global consumer preferences can be influenced through music, films, literature, yoga and sports because they create interest and a sense of familiarity that can help our businesses to access foreign markets, suggests T N C Rajagopalan.

Why are we giving $21 million to India?: Trump on DOGE cut

Why are we giving $21 million to India?: Trump on DOGE cut

Rediff.com19 Feb 2025

Trump made these remarks after Elon Musk-led DOGE's (Department of Government Efficiency) disclosed that USAID contributed USD 21 million to Election Commission for boosting voter turnout.

RBI's draft circular seeks to standardise gold loan regulations

RBI's draft circular seeks to standardise gold loan regulations

Rediff.com10 Apr 2025

The Reserve Bank of India (RBI) on Wednesday came out with comprehensive draft guidelines to harmonise and regulate gold loans across all financial entities, including putting a cap of 75 per cent on loan-to-value (LTV) ratio. The draft guidelines also aim to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.

World urges India and Pakistan to 'exercise restraint'

World urges India and Pakistan to 'exercise restraint'

Rediff.com7 May 2025

World leaders, including the UN Secretary-General and US President Donald Trump, have urged India and Pakistan to exercise restraint and seek peaceful solutions to the ongoing tensions. The calls for calm come after India conducted airstrikes in Pakistan-occupied Kashmir in response to a recent terrorist attack. Leaders from the US, Russia, UK, China, UAE, Qatar, and Japan have expressed concern over the escalating situation and emphasized the need for dialogue and de-escalation.

Nobody can argue with me: Trump on reciprocal tariff talks with Modi

Nobody can argue with me: Trump on reciprocal tariff talks with Modi

Rediff.com19 Feb 2025

'India has very strong tariffs on certain imports from the US. Like in the automobile sector, India charges 100 per cent'

'There's A Cost To Supporting Terrorism'

'There's A Cost To Supporting Terrorism'

Rediff.com7 May 2025

'Whatever we do, the purpose will be to re-establish deterrence.'

Huge Ports Deal Sparks US-China Tensions

Huge Ports Deal Sparks US-China Tensions

Rediff.com17 Mar 2025

The $22.8 billion CK Hutchison ports deal intensifies geopolitical tensions between the US and China. Chinese media has already called it 'a betrayal of all Chinese people'. Shyam G Menon explains how the proposed sale will reshapes global trade infrastructure.

GCCs reach new heights in India with neo and mid-sized banks

GCCs reach new heights in India with neo and mid-sized banks

Rediff.com24 Mar 2025

Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.

Who Accompanied Modi, Trump?

Who Accompanied Modi, Trump?

Rediff.com17 Feb 2025

Who accompanied Prime Minister Narendra D Modi to his Thursday meeting with US President Donald J Trump in the Oval Office, and who did POTUS bring along?

US sanctions Indian national for shipping Iranian oil

US sanctions Indian national for shipping Iranian oil

Rediff.com11 Apr 2025

The US has sanctioned an Indian national based in the United Arab Emirates and two India-based entities for operating as part of Iran's shadow fleet and involved in shipping Iranian oil. The US Department of the Treasury said Jugwinder Singh Brar, who owns multiple shipping companies, operates as part of Iran's shadow fleet, which the US said is used to evade sanctions and transport Iranian oil. Brar also owns or controls India-based shipping company Global Tankers Private Limited and petrochemical sales company B and P Solutions Private Limited. The sanctions come as part of a US campaign of maximum pressure on Iran and target the country's petroleum and petrochemical sectors.

Trump's Tariff War: India Waits, Watches

Trump's Tariff War: India Waits, Watches

Rediff.com3 Feb 2025

'We have to be prepared for the larger disruption that is likely to take place.'

Why is India Inc not speaking about investment?: Sitharaman

Why is India Inc not speaking about investment?: Sitharaman

Rediff.com28 Feb 2025

'The answer is not for me to give. The answer either way has to be heard from the industry itself. Tell us why not if you are not doing it; tell us if you are doing it -- why should this question remain unanswered?'

'Elon Musk was fascinated about Kumbh Mela'

'Elon Musk was fascinated about Kumbh Mela'

Rediff.com18 Jan 2025

Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.

Modi meets Yunus of Bangladesh, flags concern over attacks on Hindus

Modi meets Yunus of Bangladesh, flags concern over attacks on Hindus

Rediff.com4 Apr 2025

In his first meeting with Bangladesh Chief Adviser Muhammad Yunus, Prime Minister Narendra Modi on Friday flagged concerns over the attacks on minorities, including Hindus and conveyed that any rhetoric that vitiated the environment was best avoided.

US warns Pak of 'potential risk' over trade deal with Iran

US warns Pak of 'potential risk' over trade deal with Iran

Rediff.com24 Apr 2024

Early this week, the US imposed sanctions on suppliers to Pakistan's ballistic missile programme, including three companies from China.

Trump pauses tariffs on Mexico, Canada negotiations continue

Trump pauses tariffs on Mexico, Canada negotiations continue

Rediff.com3 Feb 2025

Trump on February 1 had announced tariffs on major US trading partners Canada, Mexico and China. He imposed a 25 per cent tariff on Canadian and Mexican imports and a 10 per cent on goods from China.

'Trump Doesn't Want To Wait For Benefits Of A Long-Term Partnership'

'Trump Doesn't Want To Wait For Benefits Of A Long-Term Partnership'

Rediff.com15 Feb 2025

'He needs to see results while he is in office.'

Foreign secretary unveils key topics for Modi-Trump talks

Foreign secretary unveils key topics for Modi-Trump talks

Rediff.com12 Feb 2025

Prime Minister Narendra Modi will visit the US for a two-day working visit starting Wednesday. He will meet with President Donald Trump and engage in bilateral discussions on trade, investment, technology, defense cooperation, counterterrorism, Indo-Pacific security, and people-to-people relations. The visit is expected to further strengthen the India-US partnership.

Missed The IPO Bus? Read This

Missed The IPO Bus? Read This

Rediff.com1 Apr 2025

For investors who missed the initial IPO frenzy, the market correction is an opportunity to selectively invest in promising names, but patience and careful evaluation remain the key.

Why Trump Wants All Wars To End

Why Trump Wants All Wars To End

Rediff.com13 Mar 2025

The US involvement in Ukraine and the Middle East is a distraction which has to end quickly so that the main business of China can be focussed on. China is America's only peer competitor, not Russia and not anybody else. Therefore it makes little sense to be diverted from the overall mission, explains Aakar Patel.

What Will Nirmalaji's Budget Be Like?

What Will Nirmalaji's Budget Be Like?

Rediff.com8 Jan 2025

The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.

'Trump Will Unite America Provided...'

'Trump Will Unite America Provided...'

Rediff.com22 Jan 2025

'...he keeps his campaign promises, does what he said he will do which led to his huge victory.'

SEE: Macron bids farewell to Modi as he departs France

SEE: Macron bids farewell to Modi as he departs France

Rediff.com12 Feb 2025

Prime Minister Narendra Modi has concluded his visit to France, which included co-chairing an AI summit and bilateral talks with French President Emmanuel Macron. He is now headed to the US for a bilateral meeting with President Trump. Modi's visit to France included discussions on trade, defense, energy, and cultural linkages. He also inaugurated India's new consulate in Marseille. During his visit to the US, Modi will also interact with business leaders and members of the Indian community.

Trump Order May Delay Adani Case

Trump Order May Delay Adani Case

Rediff.com12 Feb 2025

'While the current pause offers temporary reprieve and alleviates any immediate legal pressure, the long-term implications remain uncertain.'

Sitharaman on India's rising gold reserves

Sitharaman on India's rising gold reserves

Rediff.com10 Feb 2025

Finance Minister Nirmala Sitharaman on Monday clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), is not intended to replace any international currency.

Sensex drops 313 points ahead of RBI's rate decision

Sensex drops 313 points ahead of RBI's rate decision

Rediff.com5 Feb 2025

Titan, Nestle, Hindustan Unilever, State Bank of India, Larsen & Toubro, ITC, Zomato and Bajaj Finserv were also among the laggards. Adani Ports, IndusInd Bank, Tata Motors and HDFC Bank were among the major gainers.

There will be some pain: Trump's message to Americans

There will be some pain: Trump's message to Americans

Rediff.com3 Feb 2025

United States President Donald Trump on Sunday criticised the trade deficits that the US has with Canada, Mexico, China, and argued that America should no longer 'subsidise' other countries, and urged businesses to manufacture domestically to avoid tariffs.

Her husband made her CM when...: Nitish lashes out at Rabri

Her husband made her CM when...: Nitish lashes out at Rabri

Rediff.com20 Mar 2025

Bihar Chief Minister Nitish Kumar launched a scathing attack on his predecessor Rabri Devi, calling her appointment as Chief Minister "suspension-induced" during a heated debate in the state legislative council. The verbal sparring, marked by accusations and counter-accusations on law and order, saw Kumar accusing the RJD of being unable to handle Hindu-Muslim tensions and engaging in "mischief." Rabri Devi, in response, asserted her right to speak about her achievements during her tenure as Chief Minister. Kumar, however, retorted with a sharp, local phrase, dismissing Rabri Devi's claims. The exchange, which saw both sides engage in mudslinging, ended with the Chairman admonishing the opposition for their unruly behavior.

'BJP Won't Be Able To Form Government In Bengal in 2026'

'BJP Won't Be Able To Form Government In Bengal in 2026'

Rediff.com21 Apr 2025

'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'

India Inc holds breath for Trump's new tariffs to kick in

India Inc holds breath for Trump's new tariffs to kick in

Rediff.com27 Feb 2025

Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.

How Modi Has Changed Babus

How Modi Has Changed Babus

Rediff.com4 Mar 2025

At the PMO, policies are framed by factoring in analytical perspectives, implications, sustainability, and other dimensions.

ITC Hotels' demerger to mirror Reliance Industries-Jio Financial playbook

ITC Hotels' demerger to mirror Reliance Industries-Jio Financial playbook

Rediff.com2 Jan 2025

ITC's move to hive off its hotel business will have implications for passive funds and exchange traded funds (ETFs) similar to that seen during the Reliance Industries-Jio Financial demerger. As ITC is part of popular indices such as Nifty and Sensex, it is held by several index funds and ETFs.

Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million

Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million

Rediff.com17 Mar 2025

Zetwerk Manufacturing, a $3.1 billion company in the contract manufacturing space, is planning to come up with an initial public offering within the next 15-24 months, a top company executive said on Saturday. The Bengaluru-based company aims to raise at least $500 million, targeting a valuation of around $5 billion.

More the merrier? A tale of multiple self-regulatory organisations

More the merrier? A tale of multiple self-regulatory organisations

Rediff.com7 Feb 2025

Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.

Gold Hits Rs 90K, Jewellery Demand Takes A Hit

Gold Hits Rs 90K, Jewellery Demand Takes A Hit

Rediff.com17 Mar 2025

The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.

FAQ: IT Dept Can Check E-mail, WhatsApp

FAQ: IT Dept Can Check E-mail, WhatsApp

Rediff.com6 Mar 2025

Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.

Farmer leaders detained in Punjab, protesters evicted from border

Farmer leaders detained in Punjab, protesters evicted from border

Rediff.com20 Mar 2025

Punjab Police detained several farmer leaders, including Sarwan Singh Pandher and Jagjit Singh Dallewal, while they were returning from a meeting with a central delegation in Chandigarh. The police also began evicting protesting farmers from the Shambhu and Khanauri border points, which have been closed for over a year. The action comes amid concerns from industrialists in Punjab over the prolonged closure of the border points, which they say has resulted in heavy losses. The meeting between the farmer leaders and the central delegation, led by Union Agriculture Minister Shivraj Singh Chouhan, was inconclusive, but the next meeting is scheduled for May 4.

Will Sikandar Make More Money Than Pushpa 2?

Will Sikandar Make More Money Than Pushpa 2?

Rediff.com13 Jan 2025

'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'