News for 'Sun Group Chief Financial'

UN blacklists over 150 Pak-linked terrorist entities, individuals

UN blacklists over 150 Pak-linked terrorist entities, individuals

Rediff.com18 Jan 2023

About 150 terrorist entities and individuals, either based or with links to Pakistan have been blacklisted by the United Nations, with the latest addition being of Abdul Rehman Makki, the Lashkar-e-Taiba deputy chief designated by the Security Council's Al Qaeda sanctions committee.

3 disadvantages of group life insurance

3 disadvantages of group life insurance

Rediff.com4 Apr 2017

If you quit or change jobs in your 40s, buying an individual term plan will be expensive. You might not even get one if you have health problems, says Priya Nair

Will Pawan Kalyan Be Washed Away In Andhra Politics?

Will Pawan Kalyan Be Washed Away In Andhra Politics?

Rediff.com24 Aug 2023

Many often stereotype Andhra Pradesh politics as being star-struck, but as Pawan Kalyan's political journey shows, stars are turning out to be a passing cloud.

Adani-Hindenberg row: Sebi gets time till Aug 14 to complete probe

Adani-Hindenberg row: Sebi gets time till Aug 14 to complete probe

Rediff.com17 May 2023

The Supreme Court on Wednesday granted the Securities and Exchange Board of India time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group. A bench headed by Chief Justice D Y Chandrachud directed the SEBI to file an updated status report of the investigation.

'We need a remarkable turnaround'

'We need a remarkable turnaround'

Rediff.com31 Jul 2023

'We have not seen too many large deals compared to last quarter.'

HDFC Bank to launch slew of digital initiatives

HDFC Bank to launch slew of digital initiatives

Rediff.com25 Apr 2022

Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards following incidents of outages in the lender's internet banking /mobile banking/ payment utilities over the previous two years. The curbs were partially lifted after eight months in August last year. Finally, in March 2022, the RBI lifted all restrictions placed on the bank, including digital launches.

'Huge demand for life insurance products in India'

'Huge demand for life insurance products in India'

Rediff.com1 Jan 2024

'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'

Unacademy gives pink slips to 350 employees in second round of layoffs

Unacademy gives pink slips to 350 employees in second round of layoffs

Rediff.com8 Nov 2022

Unacademy is conducting another round of job cuts and laying off 350 employees or 10 per cent of its workforce of 3,500, as the SoftBank-backed edtech firm targets profitability and reduces costs, according to an internal note sent by Gaurav Munjal, co-founder and CEO of Unacademy group, to the staff. Munjal said the restructuring exercise would affect about 10 per cent of employees across the group. "I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees," said Munjal in the letter addressed to employees and reviewed by Business Standard.

'No Modi Chalisa': INDIA asks govt to list special Parl session's agenda

'No Modi Chalisa': INDIA asks govt to list special Parl session's agenda

Rediff.com6 Sep 2023

Sources said former Congress chief Sonia Gandhi will write to Prime Minister Narendra Modi for early passage of the bill in the Lok Sabha during the upcoming session as the same has already been passed by the Rajya Sabha.

Brokerages positive about medium-term outlook for liquor stocks

Brokerages positive about medium-term outlook for liquor stocks

Rediff.com18 Sep 2023

After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.

France's Total puts hydrogen deal with Adani on hold

France's Total puts hydrogen deal with Adani on hold

Rediff.com8 Feb 2023

France's TotalEnergies has put on hold a planned investment in Adani Group's $50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller, chief executive Patrick Pouyann said on Wednesday. While the partnership where the French oil giant was to take a 25 per cent stake in the hydrogen venture of the Adani group was announced in June last year, TotalEnergies has not yet signed a contract, he said at an earnings call. "Obviously, the hydrogen project will be put on hold until we have clarity" from Adani group on the allegation levelled by US short-seller Hindenburg Research, Pouyanne said.

Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman

Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman

Rediff.com29 Nov 2022

The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.

Nilekani, KV Kamath on SC-appointed Adani row probe panel

Nilekani, KV Kamath on SC-appointed Adani row probe panel

Rediff.com2 Mar 2023

The Supreme Court on Thursday ordered setting up of a six-member committee headed by former apex court judge Justice A M Sapre to investigate the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations and other regulatory aspects related to stock markets.

IndiGo places firm order for 500 planes with Airbus

IndiGo places firm order for 500 planes with Airbus

Rediff.com19 Jun 2023

No-frills airline IndiGo on Monday announced placing a firm order for 500 A320 family planes with European aviation major Airbus at the Paris Air Show. This is the largest ever aircraft order placed by any airline with Airbus, IndiGo said in a statement. Financial details of the order were not disclosed.

Adani takes control of NDTV, buys promoters stake at 17% premium

Adani takes control of NDTV, buys promoters stake at 17% premium

Rediff.com30 Dec 2022

The Adani Group on Friday said it has acquired 27.26 per cent equity stake in NDTV from Prannoy Roy and his wife Radhika Roy -- founders of the news broadcaster. "RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a 27.26 per cent equity stake in NDTV from Prannoy Roy and Radhika Roy by way of inter-se transfer...," said a regulatory filing from Adani Enterprises. On December 23, Prannoy Roy and Radhika Roy had announced to sell 27.26 per cent out of their remaining 32.26 per cent shareholding in the NDTV to the Adani Group.

Assam to have permanent peace soon, says CM as 246 ultras surrender

Assam to have permanent peace soon, says CM as 246 ultras surrender

Rediff.com27 Jan 2022

A total of 246 militants of United Gorkha People's Organisation and Tiwa Liberation Army formally surrendered before Assam Chief Minister Himanta Biswa Sarma in Guwahati on Thursday.

TCS net profit jumps 7.4% to Rs 9,926 crore in Q4

TCS net profit jumps 7.4% to Rs 9,926 crore in Q4

Rediff.com11 Apr 2022

The country's largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000 crore revenue mark for the first time and earning a net income of Rs 9,926 crore, registering a growth of 7.4 per cent year-on-year. The company said its revenue jumped 15.8 per cent to Rs 50,591 crore in the reporting quarter on an annualised basis. Many analysts were expecting the Tata group flagship to report over Rs 10,000 crore of net income and revenue to cross the Rs 50,000 crore mark this quarter.

Power stocks to stay charged as heat wave sweeps India, say analysts

Power stocks to stay charged as heat wave sweeps India, say analysts

Rediff.com5 May 2023

As temperatures soar across the country, amid searing heat wave, analysts see power demand hitting fresh record highs this year. The time, therefore, may be opportune to add related stocks on dips as higher demand boosts earnings visibility, they said. On April 18, India's electricity demand touched a new high of 216 gigawatts.

Trading Traps: Small Investors Beware!

Trading Traps: Small Investors Beware!

Rediff.com15 Jun 2023

Influenced by ads like 'Make money sitting at home', 'Make Rs 10 lakh with just Rs 1,000', to YouTube influencers promoting 'pump-and-dump' stocks, a vast majority of small investors who mushroomed during the COVID-19 period are losing money in reckless overtrading in the market, cautions Dr V K Vijaykumar, Chief Investment Strategist at Geojit Financial Services.

Taxmen raid former NSE MD Chitra Ramkrishna's home

Taxmen raid former NSE MD Chitra Ramkrishna's home

Rediff.com17 Feb 2022

Ramkrishna is in the news after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).

How To Choose The Right Debt MF

How To Choose The Right Debt MF

Rediff.com24 May 2023

Why it is important for investors to select the right product according to their specific investment needs, risk appetite and investment tenure.

Traffic Surges; Airlines Grapple With Grounded Planes

Traffic Surges; Airlines Grapple With Grounded Planes

Rediff.com21 Mar 2023

If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.

India to grow at over 7% in FY23, says CEA

India to grow at over 7% in FY23, says CEA

Rediff.com20 Sep 2022

Chief economic advisor V Anantha Nageswaran on Tuesday said Indian economy will grow at over 7 per cent, down from above 8 per cent of growth rate projected in January. He, however, said that the economic momentum and the animal spirits are "unmistakable". "India's own growth rates have come off the projections made in January down to about 7-plus per cent for the current financial year," Nageswaran said speaking at Global Fintech Fest event in Mumbai.

New SIP registrations decline, closures rise in FY23

New SIP registrations decline, closures rise in FY23

Rediff.com6 Apr 2023

Monthly systematic investment plan (SIP) flows into India have held steady above Rs 13,000 crore in 2022-23 (FY23) in the face of markets delivering muted returns in 18 months. However, it is not a rose-tinted view when it comes to viewing new SIP registrations and the cessation of existing ones. The ratio of SIPs stopped as a percentage of fresh SIPs registered (called SIP stoppage or closure ratio in industry parlance) stood at 56 per cent in the first 11 months of FY23, compared with 41 per cent during the same period of 2021-22 (FY22).

Should you invest in long-duration funds?

Should you invest in long-duration funds?

Rediff.com31 Mar 2023

'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'

10 Indian CEOs among world's most-influential chief executives

10 Indian CEOs among world's most-influential chief executives

Rediff.com29 Jul 2019

Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.

Rate Hike: Realtors Feel The Pinch

Rate Hike: Realtors Feel The Pinch

Rediff.com4 Mar 2023

'The rising cost of construction, the cost of doing business, high compliance, and inflation/interest rates going up have already reduced returns to single digits.'

One year of Shinde govt: Politics overshadows governance

One year of Shinde govt: Politics overshadows governance

Rediff.com29 Jun 2023

The Sena and Shiv Sena-Uddhav Balasaheb Thackeray labelled each other gaddar (traitor) after Shinde's rebellion split their original party last year, while Deputy Chief Minister Devendra Fadnavis publicly asserted he had exacted revenge on Thackeray for his betrayal.

'Hum Adani ke hain kaun': Cong targets Modi govt over Hindenburg report

'Hum Adani ke hain kaun': Cong targets Modi govt over Hindenburg report

Rediff.com6 Feb 2023

Adani group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The group has maintained it complies with all laws and disclosure requirements.

Jignesh Shah arrested in NSEL scam

Jignesh Shah arrested in NSEL scam

Rediff.com7 May 2014

Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.

Confused About Buying Or Leasing A Car?

Confused About Buying Or Leasing A Car?

Rediff.com26 Apr 2023

The advantage of leasing is that you can get a new car every few years. You can also get to drive a high-end car without paying its entire price.

6-person core group manipulated accounts at PMC Bank

6-person core group manipulated accounts at PMC Bank

Rediff.com7 Oct 2019

Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.

NDTV founders Prannoy and Radhika Roy to sell company stake to Adani

NDTV founders Prannoy and Radhika Roy to sell company stake to Adani

Rediff.com23 Dec 2022

NDTV founders Prannoy Roy and his wife Radhika Roy on Friday said they will sell all but 5 per cent of their remaining shareholding in the news broadcaster to Adani Group for up to Rs 647.6 crore. Roys, who founded New Delhi Television Ltd (NDTV) as India's first and largest private producer of news current affairs and entertainment television, lost their status of being the company's largest shareholder in recent weeks. This follows Adani Group becoming the majority shareholding of NDTV after first buying out a company backed by the founders and then acquiring more shares from the open market.

Note ban hit India's diamond biz: De Beers

Note ban hit India's diamond biz: De Beers

Rediff.com10 Mar 2017

'We need to see how quickly the industry comes out of the impact of the note ban.'

'All of them were worried how they would survive'

'All of them were worried how they would survive'

Rediff.com3 Jul 2023

'Why is a powerful person called Amit Shah who camped in Manipur for three days not able to maintain law and order in the state?'

B-Schools: Consulting Tops Interns Hires

B-Schools: Consulting Tops Interns Hires

Rediff.com9 Nov 2022

...followed by financial services, IT, and sales and marketing.

Islamic State's 'finance chief' killed in coalition airstrike

Islamic State's 'finance chief' killed in coalition airstrike

Rediff.com11 Dec 2015

The finance chief of Islamic State has been killed in a United States-led coalition airstrike, an American military spokesperson said.

Who Will Admit To Committing Fraud?

Who Will Admit To Committing Fraud?

Rediff.com27 Apr 2023

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.

Congress accuses PM of 'saving his friend' Adani

Congress accuses PM of 'saving his friend' Adani

Rediff.com3 Feb 2023

The Congress-led opposition stepped up its attack on Friday against the government over the Adani row and demanded that there should be a thorough investigation into what they alleged was a 'mega scam' as it involved public money.

Who Really Killed Hardeep Singh Nijjar?

Who Really Killed Hardeep Singh Nijjar?

Rediff.com26 Sep 2023

'This whole story is going to become extremely murky and that discovering who is an agent of the Indian government is not necessarily a simple matter.' 'And that if Trudeau was to name (the person) who he thinks is the connection with the Indian government, that the Indian government will be sure to have some deniability and will be able to say he had nothing to do with us.'