News for 'Sun Group Chief Financial'

Should You Go For Ulips?

Should You Go For Ulips?

Rediff.com28 Jun 2024

'If you are investing in a Ulip for returns, go for a type I Ulip.' 'If you are investing for insurance cover as well, type II is better.'

India's Big Guns Firing On Capex Front

India's Big Guns Firing On Capex Front

Rediff.com13 Feb 2024

'Interim Budget has ignited the entrepreneurial spirit.'

Are The Markets Headed For A Bubble?

Are The Markets Headed For A Bubble?

Rediff.com11 Nov 2024

'The problem is that the bubble may not only be in valuations, but also in investors' minds.'

What's behind the recent stock market rally?

What's behind the recent stock market rally?

Rediff.com28 May 2024

The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said.

GST To See Two Slab Rate Structure?

GST To See Two Slab Rate Structure?

Rediff.com7 Aug 2024

Of the two rate structures on the table, one suggests tax slabs of 8 per cent, 16 per cent, and 24 per cent. The other proposes tax slabs at 9 per cent, 18 per cent, and 27 per cent.

Why You Should Invest In ULIPs Long Term

Why You Should Invest In ULIPs Long Term

Rediff.com29 Aug 2024

Younger people, who usually have a longer investment horizon which allows them to handle the interim volatility, may go for them.

2 Brightcom officials barred from holding managerial posts till further order

2 Brightcom officials barred from holding managerial posts till further order

Rediff.com22 Aug 2023

Sebi on Tuesday restrained two Brightcom Group officials, M Suresh Kumar Reddy and Narayan Raju, from holding any managerial position in the company or its subsidiaries until further orders. Reddy is the promoter-cum-chairman and MD of Brightcom Group Ltd (BGL) while Raju is the chief financial officer. Besides, the regulator also banned Reddy from the securities market until further orders.

What Is Policy Splitting?

What Is Policy Splitting?

Rediff.com16 Sep 2024

'Splitting must result in tangible benefits for the customer, otherwise it will only mean more work for them in maintaining the policy and for their nominees.'

Want To Buy A New Home? Read This

Want To Buy A New Home? Read This

Rediff.com20 Oct 2023

Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.

Ambanis Own 10% of India's Wealth

Ambanis Own 10% of India's Wealth

Rediff.com9 Aug 2024

The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

Rediff.com15 Jan 2024

BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.

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.

'Just to malign govt': Maha CM reacts to Badlapur protests

'Just to malign govt': Maha CM reacts to Badlapur protests

Rediff.com21 Aug 2024

Maharashtra Chief Minister Eknath Shinde on Wednesday claimed that the protest at Badlapur in Thane district over the alleged sexual abuse of two kindergarten girls was politically motivated and aimed at maligning the state government.

SC scraps Punjab's NRI quota expansion, calls it a fraud

SC scraps Punjab's NRI quota expansion, calls it a fraud

Rediff.com24 Sep 2024

The Supreme Court on Tuesday dismissed the Punjab government's appeal against a high court verdict quashing its decision to expand the definition of 'NRI quota' for admissions in undergraduate medical and dental courses in the state. "This fraud must come to an end now," the apex court said.

Wayanad rescuers fight crippling odds to move over 1,500 to safety

Wayanad rescuers fight crippling odds to move over 1,500 to safety

Rediff.com1 Aug 2024

The construction of a Bailey bridge to connect the landslide-hit areas, where several people are believed to be stranded, alongside the deployment of sniffer dogs and over 1,000 rescuers from Central and state emergency response teams conducting massive search operations, constitutes one of the largest rescue efforts in the Wayanad, devastated by a deadly calamity.

Where Is Gold Headed?

Where Is Gold Headed?

Rediff.com3 Aug 2024

Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.

Doctors Strike Opens Fissures In Bengal

Doctors Strike Opens Fissures In Bengal

Rediff.com24 Sep 2024

'The Bengali middle class, who never fully embraced Mamata Banerjee's policies, are now expressing their deep-seated frustration by spilling out on to the streets.'

Explained: Tax Changes On Property Sales

Explained: Tax Changes On Property Sales

Rediff.com25 Jul 2024

Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.

Should You Invest In Momentum Funds?

Should You Invest In Momentum Funds?

Rediff.com20 Sep 2024

Momentum funds can be 10 to 15 per cent more volatile than the Nifty 50.

Travelling Abroad? Use Prepaid Forex Card

Travelling Abroad? Use Prepaid Forex Card

Rediff.com24 Oct 2024

Using credit or debit cards abroad can prove costly.

UK clears decks for 500 mn grant for Tata Steel's Port Talbot project

UK clears decks for 500 mn grant for Tata Steel's Port Talbot project

Rediff.com12 Sep 2024

The Labour government in the UK has cleared the decks for a 500 million grant to Tata Steel, paving the way for decarbonisation of the company's British business and a sustainable financial future. In a statement, Tata Steel said that it has signed a 500 million Grant Funding Agreement (GFA) with the UK government, allowing it to "proceed at pace with the project to install a state-of-the-art electric arc furnace (EAF) at the Port Talbot steelworks in Wales". This is part of the 1.25 billion green steel project in Port Talbot, of which Tata Steel's investment is to the tune of 750 million.

Want To Invest In Broad Index Funds?

Want To Invest In Broad Index Funds?

Rediff.com5 Jul 2024

'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'

Want To Know Where To Invest? Read This

Want To Know Where To Invest? Read This

Rediff.com18 Apr 2024

A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.

'If You Want To Invest Directly, Ensure...'

'If You Want To Invest Directly, Ensure...'

Rediff.com27 Aug 2024

'...you evaluate three key factors before committing your money.'

Car Owners, Know About PAYD Insurance

Car Owners, Know About PAYD Insurance

Rediff.com17 Sep 2024

'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'

Shaw Wallace to merge with UB Group

Shaw Wallace to merge with UB Group

Rediff.com29 Nov 2007

The Rs 4,000 crore (Rs 40 billion) United Spirits will be merging Shaw Wallace with itself. United Spirits, a part of the UB Group, had acquired Shaw Wallace for around Rs 1,300 crore (Rs 13 billion) in mid-2005 .

IT Companies May See Recovery In June Quarter

IT Companies May See Recovery In June Quarter

Rediff.com11 Jul 2024

The June quarter is usually considered as a seasonally strong period for the IT sector.

Did Lakshmir Bhandar Help Mamata Win?

Did Lakshmir Bhandar Help Mamata Win?

Rediff.com6 Jun 2024

The welfare schemes of the government, particularly Lakshmir Bhandar, have had a major impact on the electoral outcome.

High Valuations Pose Risk To Bull Market

High Valuations Pose Risk To Bull Market

Rediff.com4 Sep 2024

'Over the next 12 months, it will be difficult to make 15 to 20 per cent return in the markets as the valuations appear stretched.'

'Expect formulations biz to outpace API biz'

'Expect formulations biz to outpace API biz'

Rediff.com2 Jun 2024

'API prices are dragging down margins and impacting our competitive ability.'

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.

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.

Using An App For A Loan? Read This First

Using An App For A Loan? Read This First

Rediff.com7 Mar 2024

Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.

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.

India eyes T20 World Cup title after near misses

India eyes T20 World Cup title after near misses

Rediff.com30 May 2024

India remain bereft of a global title since winning the 2013 Champions Trophy.

In export push, govt steps in to raise container capacity

In export push, govt steps in to raise container capacity

Rediff.com27 Sep 2024

Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.

40 Years Later, Can The Wounds Ever Heal?

40 Years Later, Can The Wounds Ever Heal?

Rediff.com30 Oct 2024

As a consequence of prominence given to the brutality during those few days, a very important aspect of that episode got almost glossed over. This was the intervention by a very significant section of people who restored faith in humanity, and conveyed the message that only a small section of Indians, that too politically backed, were consumed by anti-Sikh majoritarianism. The overlooked facet of the events of 1984 was the story of significant sections of the city's populace, public figures and nondescript ones, stepping out hand-in-hand, to first stand with little but bravery in hands, in the way of attackers, and thereafter to provide immediate relief to those who lives were uprooted and who lost family members in the violence, recalls Nilanjan Mukhopadhyay.

Should You Take A Loan Against MFs?

Should You Take A Loan Against MFs?

Rediff.com3 Jul 2024

'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'

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.

And Radhika-Anant Are Married...

And Radhika-Anant Are Married...

Rediff.com13 Jul 2024

The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.