News for 'Sun Group Chief Financial'

MFs Vs NPS? What Suits YOU?

MFs Vs NPS? What Suits YOU?

Rediff.com3 Jun 2024

Ramalingam Kalirajan explains the pros and cons of both investment types.

Review Your Mutual Fund Portfolios!

Review Your Mutual Fund Portfolios!

Rediff.com19 Aug 2024

'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'

DGCA to KFA: Ensure UB Group funds

DGCA to KFA: Ensure UB Group funds

Rediff.com30 Dec 2012

Licence suspension would be revoked only after stakeholders are convinced of the airline's revival plan, say sources.

Is Tamil Nadu Heading For A Jallikattu 2.0 Moment?

Is Tamil Nadu Heading For A Jallikattu 2.0 Moment?

Rediff.com20 Sep 2024

The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.

Man poses as woman college teacher, rapes 7 students

Man poses as woman college teacher, rapes 7 students

Rediff.com25 May 2024

A 30-year-old man has been arrested in Madhya Pradesh's Sidhi district for allegedly raping at least seven girls after posing as a woman college teacher and calling them in connection with scholarship funds, police said on Saturday.

Sacrifices reap rewards for parents of Olympic shuttlers

Sacrifices reap rewards for parents of Olympic shuttlers

Rediff.com23 Jul 2024

'It was tough financially for the first few years but my friends and family supported me and once he did well at the 2018 Commonwealth Games, there was no looking back.'

'Markets Not In Panic Yet, But...'

'Markets Not In Panic Yet, But...'

Rediff.com7 Oct 2024

'If you see another 1000-point correction, people may start panicking.'

Is Your Home Insured For The Monsoon?

Is Your Home Insured For The Monsoon?

Rediff.com11 Jul 2024

'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'

Is Lok Sabha Poll Impacting Markets?

Is Lok Sabha Poll Impacting Markets?

Rediff.com14 May 2024

'It is advisable to stay away from the markets for now and buy only on a dip.'

WeWork's exit from India unit unlikely to impact domestic co-working market

WeWork's exit from India unit unlikely to impact domestic co-working market

Rediff.com25 Jun 2024

The exit of WeWork from its India unit is unlikely to have an impact on the country's co-working real estate market, according to industry executives. The company last week received approval from the Competition Commission of India (CCI) to sell its entire 27.5 per cent stake in the India unit to Real Trustee Advisory Company. The majority of the stake (72.5 per cent) in WeWork India is owned by Bengaluru-based Embassy Group.

For What Duration Must I Invest?

For What Duration Must I Invest?

Rediff.com5 Apr 2024

Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.

Should You Invest In NPS?

Should You Invest In NPS?

Rediff.com15 Apr 2024

'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'

Gold loan business is shining as regulatory scrutiny of sector grows

Gold loan business is shining as regulatory scrutiny of sector grows

Rediff.com27 May 2024

In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.

Rs 8.45 trn & rising: Orders flood major capital goods firms

Rs 8.45 trn & rising: Orders flood major capital goods firms

Rediff.com4 Dec 2023

India's leading capital goods and engineering firms are in the midst of one of their busiest seasons, with the combined orderbook surging past Rs 8 trillion in value. As on September 30, 2023, 13 of India's top 15 listed capital goods and engineering firms, for which data for the September 2023 quarter was available, had a total orderbook worth Rs 8.45 trillion - a number unseen at least since 2018-19. "This intuitively looks like an all-time high factoring in inflation," said Anupama Arora, a senior independent analyst who tracks the capital goods sector.

Oppn protests 'discriminatory' Budget; 'Viksit Bharat' dream, says BJP

Oppn protests 'discriminatory' Budget; 'Viksit Bharat' dream, says BJP

Rediff.com24 Jul 2024

Indian National Developmental Inclusive Alliance (INDIA) MPs, including Congress president Mallikarjun Kharge, Congress Parliamentary Party chief Sonia Gandhi and Leader of Opposition in the Lok Sabha Rahul Gandhi, staged a protest in Parliament premises on Wednesday over the alleged discrimination against opposition-ruled states in the Union Budget.

Flipkart inks logistics, data centre pact with Adani group

Flipkart inks logistics, data centre pact with Adani group

Rediff.com12 Apr 2021

Flipkart on Monday said it has entered into a commercial partnership with the Adani group to strengthen logistics and data centre capabilities of the Walmart-owned company and create about 2,500 direct jobs.

STCG, LTCG, MFs: What You Must Know

STCG, LTCG, MFs: What You Must Know

Rediff.com30 Jul 2024

Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.

Manipal Group chairman Ranjan Pai in talks to invest in Byju's-owned Aakash

Manipal Group chairman Ranjan Pai in talks to invest in Byju's-owned Aakash

Rediff.com2 Aug 2023

Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.

Will suspend all freebies unless..., SC warns Maha govt

Will suspend all freebies unless..., SC warns Maha govt

Rediff.com14 Aug 2024

Coming down heavily on the Maharashtra government, the apex court castigated it saying the state has huge amount to "waste on freebies" but does not have money to compensate to a private party which lost land to it "illegally".

Byju's expects $7-8 bn minimum valuation

Byju's expects $7-8 bn minimum valuation

Rediff.com23 Jan 2024

Byju's plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall "improved performance", Think and Learn, the parent of Byju's, is hopeful of a higher valuation ahead of its rights issue being planned in February to raise funds. Byju's India chief financial officer Nitin Golani said the company is in need of funds and plans to raise it at a lower valuation to make the offer lucrative for investors as well as ensure adequate liquidity support for the edtech firm.

Kejriwal to remain in ED custody till April 1

Kejriwal to remain in ED custody till April 1

Rediff.com28 Mar 2024

A court in New Delhi on Thursday extended the Enforcement Directorate custody of Chief Minister Arvind Kejriwal till April 1 in the excise policy case.

TCS Q1 net profit rises 17% to Rs 11,074 cr

TCS Q1 net profit rises 17% to Rs 11,074 cr

Rediff.com12 Jul 2023

The country's largest software exporter TCS on Wednesday reported a 16.83 per cent jump in its June quarter consolidated net profit to Rs 11,074 crore. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago period and Rs 11,392 crore in the preceding quarter. Its revenue from operations increased 12.55 per cent on a year-on-year basis to Rs 59,381 crore and was marginally up from the preceding March quarter's Rs 59,162 crore.

GST@7: Challenges But Collections Surge

GST@7: Challenges But Collections Surge

Rediff.com12 Jul 2024

Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.

RIL in talks for stake in Tata Play, may buy Disney's 30% share

RIL in talks for stake in Tata Play, may buy Disney's 30% share

Rediff.com16 Feb 2024

Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster.

Even MBAs Find It Tough To Get Jobs

Even MBAs Find It Tough To Get Jobs

Rediff.com1 Jul 2024

'Corporations that were recruiting 15 or 20 [students] have reduced the number to two or three.'

Stock advice: BSE warns against deepfake videos

Stock advice: BSE warns against deepfake videos

Rediff.com18 Apr 2024

After the National Stock Exchange (NSE), rival bourse BSE on Thursday cautioned investors against deepfake videos of its MD and CEO Sundararaman Ramamurthy giving stock recommendations. In a statement, the exchange said it has noticed some fake, unauthorised and fraudulent videos and audios created through innovative and ingenious technology impersonating the BSE's top honcho are being circulated on social media recommending certain investments and advisory in stocks.

What Will Sikkim Reveal On June 2?

What Will Sikkim Reveal On June 2?

Rediff.com31 May 2024

Ahead of this election, the alliance between the BJP and the SKM had broken down. One reason is the fear that like Article 370, Article 371F might also be changed.

Byju's in talks with investors to raise $300 mn in return for more controls

Byju's in talks with investors to raise $300 mn in return for more controls

Rediff.com2 Jan 2024

With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.

LTIMindtree misses revenue, profit estimates

LTIMindtree misses revenue, profit estimates

Rediff.com25 Apr 2024

IT services major LTIMindtree reported a net profit of Rs 1,100 crore for the fourth quarter of financial year 2023-24 (FY24), down 1.2 per cent year-on-year (Y-o-Y) from Rs 1,141 crore in the same quarter last financial year. Revenue grew 2.3 per cent Y-o-Y for the fourth quarter to Rs 8,892.9 crore. Sequentially, revenue was down 1.4 per cent.

The Machine That Saved Tanishq

The Machine That Saved Tanishq

Rediff.com29 Aug 2024

Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.

How To Avoid Motor Insurance Claim Rejection

How To Avoid Motor Insurance Claim Rejection

Rediff.com18 Jun 2024

Do not get repair work started without informing the insurer as the latter like to carry out end-to-end verification of damages and documents before approving a claim.

Capital Gains Tax Tinkering May Spook Markets

Capital Gains Tax Tinkering May Spook Markets

Rediff.com10 Jul 2024

'Expectations are high regarding the change in LTCG with respect to equity investments.'

Invest In Stocks, Gold Or Bitcoin?

Invest In Stocks, Gold Or Bitcoin?

Rediff.com17 Jul 2024

'We expect market consolidation and recommend buying during market dips.'

GST Council's fitment committee likely to consider dropping 12% slab

GST Council's fitment committee likely to consider dropping 12% slab

Rediff.com5 Jun 2024

The fitment committee under the Goods and Services Tax (GST) Council, comprising central and state officials, has begun a rate rationalisation exercise afresh, checking the possibility of dropping some of the rates, particularly the 12 per cent slab, to achieve a revenue-neutral structure, a senior official with direct knowledge of the matter

Ramoji Rao, The Telugu Colossus

Ramoji Rao, The Telugu Colossus

Rediff.com10 Jun 2024

Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.

Indian-Americans among 14 charged in $53-mn Covid relief fund fraud

Indian-Americans among 14 charged in $53-mn Covid relief fund fraud

Rediff.com7 Jul 2023

This case is the largest investigated by the Pandemic Response Accountability Committee Fraud Task Force to date, US Attorney for the Northern District of Texas Leigha Simonton said in a press release.

How year's most extravagant wedding was made secure

How year's most extravagant wedding was made secure

Rediff.com14 Jul 2024

Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.

GDP to grow nearly 7% in FY24: Economists

GDP to grow nearly 7% in FY24: Economists

Rediff.com12 Jan 2024

The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.

ING Group splits banking, insurance units

ING Group splits banking, insurance units

Rediff.com26 Oct 2009

The ING Group on Monday announced that it will move towards a complete separation of its banking and life insurance operations as part of its ongoing Back to Basics programme.

Is Kargil 2.0 In the Offing?

Is Kargil 2.0 In the Offing?

Rediff.com5 Aug 2024

Pakistan may want to undertake a 'false flag' operation in J&K to divert attention from the situation in Balochistan and Khyber Pakhtunkhwa but infiltrating one SSG battalion into J&K and having two SSG battalions waiting to follow suit means war, which Pakistan cannot afford in its current economic crisis, notes Lieutenant General Prakash Katoch (retd).