News for 'System Business Group'

'Tax Relief For Middle Class Will Boost Markets'

'Tax Relief For Middle Class Will Boost Markets'

Rediff.com1 Jul 2024

'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'

Indian companies look to cash in on bulging infrastructure order book

Indian companies look to cash in on bulging infrastructure order book

Rediff.com6 Feb 2024

Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. "India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it," said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen & Toubro.

US lawmakers, businesses demand Indian trade reforms

US lawmakers, businesses demand Indian trade reforms

Rediff.com19 Jun 2013

Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue

The Failed Promise of Indian 2

The Failed Promise of Indian 2

Rediff.com24 Jul 2024

Kamal Haasan is right where he left off from the first film but there is only so much he can do to salvage an already lost cause, observes Arjun Menon.

Succession saga at Murugappa Group gets murkier

Succession saga at Murugappa Group gets murkier

Rediff.com11 Mar 2021

Valli Arunachalam had alleged that the group promoters have a gender bias against women getting into the family business and, hence, she and her sister were denied a berth on AIL's board.

Bill in LS to check paper leak in govt exams proposes Rs 1 cr fine

Bill in LS to check paper leak in govt exams proposes Rs 1 cr fine

Rediff.com5 Feb 2024

At present, there is no specific substantive law to deal with unfair means adopted or offences committed by various entities involved in the conduct of public examinations by the central government and its agencies.

Harman acquires Romesh Wadhwani group's Symphony Teleca

Harman acquires Romesh Wadhwani group's Symphony Teleca

Rediff.com24 Jan 2015

In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).

Is There Time For A Reset For Paytm?

Is There Time For A Reset For Paytm?

Rediff.com12 Feb 2024

Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.

'Talent Is All Very Fine. But...'

'Talent Is All Very Fine. But...'

Rediff.com29 May 2024

'Being disciplined is also very important.'

Gut Health Key To Prevent Chronic Illnesses

Gut Health Key To Prevent Chronic Illnesses

Rediff.com24 Apr 2024

Maintaining the balance of gut microbiota is important as an imbalance, also known as dysbiosis, can cause or aggravate different diseases, including but not limited to digestive problems such as inflammatory bowel syndrome, mental health issues like anxiety and depression and menstrual problems.

Bird Group's ambitious plan to grab Air India's ground handling arm

Bird Group's ambitious plan to grab Air India's ground handling arm

Rediff.com16 Apr 2021

The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

Mindtree to buy L&T's NxT Digital Business

Mindtree to buy L&T's NxT Digital Business

Rediff.com20 May 2021

Mindtree on Thursday said it will acquire the NxT Digital Business from Larsen and Toubro (L&T) for Rs 198 crore, a move that will enable the mid-sized IT firm to capture opportunities in the IoT and Industry 4.0 space. The acquisition would enable Mindtree to capture opportunities in the IoT and Industry 4.0 market by leveraging NxT Digital Business capabilities to cross-sell and create holistic solutions for new prospects as well as for existing clients, a regulatory filing said. Capability in this space will bolster Mindtree's vision to leverage existing digital strengths and aim to become a 'Go-to business transformation partner' for clients, it added.

Future of Reliance belongs to Akash, Isha, Anant, and...: Ambani

Future of Reliance belongs to Akash, Isha, Anant, and...: Ambani

Rediff.com28 Dec 2023

Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast.

Self-Employed? Planning Retirement?

Self-Employed? Planning Retirement?

Rediff.com27 Dec 2023

The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.

Truth in the AI era

Truth in the AI era

Rediff.com19 Mar 2024

Can legislation enable this, asks Ajit Balakrishnan.

Why foreign brokerages remain bullish on Paytm stock

Why foreign brokerages remain bullish on Paytm stock

Rediff.com5 Mar 2024

Shares of One97 Communications (OCL), which provides financial services under the brand 'Paytm', and has a banking arm Paytm Payments Bank (PPBL), hit the 5 per cent upper circuit at Rs 428.10 on the National Stock Exchange (NSE) in Monday's (February 26) intraday trade. The up move in the stock on Monday came after the Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI), in post stock market hours, to look into the possibility of migrating PPBL customers, using the UPI handle '@paytm', to four-to-five other banks.

Free ration, healthcare: What BJP's manifesto promises

Free ration, healthcare: What BJP's manifesto promises

Rediff.com14 Apr 2024

Here are the key highlights of the BJP's 'Sankalp Patra' for the 2024 parliamentary polls.

Pralhad responds to Sonia missive: Don't politicise Parliament's work

Pralhad responds to Sonia missive: Don't politicise Parliament's work

Rediff.com6 Sep 2023

She also proposed that nine issues, including violence in Manipur and price rise, be listed for discussion during the session.

Trident Group to use Aadhaar for salary disbursement

Trident Group to use Aadhaar for salary disbursement

Rediff.com11 Jan 2014

Diversified business house Trident Group would become the first corporate to use Aadhaar Payment Bridge (APB) for disbursal of salaries to its employees.

Will Oppn attack on govt over Adani issue paralyse Parliament this week too?

Will Oppn attack on govt over Adani issue paralyse Parliament this week too?

Rediff.com5 Feb 2023

Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.

How a Kanpur-born Indian-origin CEO is a chip off the old block

How a Kanpur-born Indian-origin CEO is a chip off the old block

Rediff.com3 May 2023

In the technology (tech) world, especially storage, Sanjay Mehrotra is a well-known name. Co-founder of SanDisk, a flash memory storage company in 1988, it was eventually acquired by Western Digital in 2016 for a whopping $19 billion. For a boy from Kanpur, who went on to pursue higher studies in the US, becoming the chief executive officer of Micron Technology, Inc - one of America's largest memory chip makers - and now setting up the company's first plant in India, it has been quite a ride.

Consensus remains elusive on common BRICS currency

Consensus remains elusive on common BRICS currency

Rediff.com23 Aug 2023

Consensus remained elusive on a common BRICS currency as business leaders from the five-bloc nations debated the pivotal issue at a business forum on the periphery of a summit of the five-member bloc being hosted here by South Africa. In their two addresses at the Summit so far, the leaders of Brazil, Russia, India, China and South Africa have made no or scant references to the issue either. "The BRICS Business Forum discussed the international payments system in detail. "Participants also debated the question of whether a BRICS currency is possible or desirable, with strong views expressed both for and against and little consensus reached," Sim Tshabalala, chief executive of Standard Bank Group, told several hundred captains of industry from the partner countries and over 40 other nations across the globe at the Summit.

Check The Management Before Investing

Check The Management Before Investing

Rediff.com12 Feb 2024

A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.

OpenAI not to allow AI for political campaigning in polls

OpenAI not to allow AI for political campaigning in polls

Rediff.com16 Jan 2024

Besides India, the United States and the United Kingdom will also go to the polls this year.

Railways to try out new signalling system

Railways to try out new signalling system

Rediff.com24 Nov 2018

Electronic devices installed along tracks provide train signals to a computer fitted in the locomotive. If a driver goes over the designated speed, a dashboard in front of him gives a red alert sign at first. Even after this, if the train continues its journey, the train's brake is automatically applied.

Digital Loan Apps: Boon Or Bane?

Digital Loan Apps: Boon Or Bane?

Rediff.com18 Jan 2024

For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.

How Adani Saga Affects Indian Banks

How Adani Saga Affects Indian Banks

Rediff.com27 Feb 2023

While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.

Airlines record lowest on-time figures in 11 months in Jan amid fog issues

Airlines record lowest on-time figures in 11 months in Jan amid fog issues

Rediff.com19 Feb 2024

The on-time performance (OTP) of Indian carriers took a major dip in January as dense fog foiled their flight schedules. According to data from the Ministry of Civil Aviation reviewed by Business Standard, five out of six major Indian carriers - IndiGo, Air India, AIX Connect, Akasa Air, and Vistara - recorded their lowest OTPs in at least the last 11 months. In response to queries, an Air India spokesperson said that during this winter, northern India experienced unusually prolonged periods of dense fog affecting traffic at the airline's two largest hubs -- Delhi and Mumbai.

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

Flipkart eyes profitability ahead of IPO

Flipkart eyes profitability ahead of IPO

Rediff.com22 Jan 2024

Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.

Midcap, smallcap indices have nearly doubled in 4 years'

Midcap, smallcap indices have nearly doubled in 4 years'

Rediff.com16 Feb 2024

'We are cautious only on sub-sectors that have seen massive melt-up during the past six months.'

L&T in French JV for missile system

L&T in French JV for missile system

Rediff.com14 Feb 2017

Tie-up with MBDA will have Indian partner as majority shareholder; first product likely in 2 years.

India, China border spat: Bird group's EV hatchback plans in limbo

India, China border spat: Bird group's EV hatchback plans in limbo

Rediff.com15 Apr 2021

The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.

Intermittent Fasting: 8 Mistakes To Avoid

Intermittent Fasting: 8 Mistakes To Avoid

Rediff.com8 May 2024

Intermittent fasting, when not carried out under professional guidance, comes with its fair share of woes and health issues, warns Jashan Vij, a health coach and fat loss expert.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

Quotas: Band-Aids Not The Solution

Quotas: Band-Aids Not The Solution

Rediff.com13 Nov 2023

Our caste warriors will not even ask these questions, let alone explore better solutions to address the problems of inequality and skewed life outcomes, argues R Jagannathan.

Street gives a thumbs up to Anil Agarwal-led Vedanta's demerger plan

Street gives a thumbs up to Anil Agarwal-led Vedanta's demerger plan

Rediff.com11 Oct 2023

Debt management is going to be a worry for the Vedanta group until FY25 at least. However, the restructuring of business divisions in Vedanta India could lead to an unlocking of values. The group structure is fairly complex. Anil Agarwal-led Vedanta Resources (VRL), which is London-listed, has a lot of debt on the balance sheet. It will have to repay $1 billion in secured bonds by January 2024 and at least another $300 million in calendar 2024.

'India Offers Once In A Lifetime Opportunity To Create Wealth'

'India Offers Once In A Lifetime Opportunity To Create Wealth'

Rediff.com3 May 2024

'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'