News for 'The Illustrated Weekly of India'

IPO Market Set For Record-Breaking Diwali

IPO Market Set For Record-Breaking Diwali

Rediff.com3 Oct 2024

IPOs worth Rs 50,000 crore including Hyundai, NTPC Green Energy and Swiggy are set to hit the market in late October or early November.

Airfares Already Soar For Diwali!

Airfares Already Soar For Diwali!

Rediff.com20 Aug 2024

'Airlines are aware that during peak times like Diwali, demand will be high, so prices remain steep even for tickets purchased 90 days ahead.'

Sebi may notify tighter rules for F&O trade soon

Sebi may notify tighter rules for F&O trade soon

Rediff.com5 Sep 2024

The Securities and Exchange Board of India (Sebi) is likely to notify soon stricter derivatives trading norms aimed at curbing speculative trading activity and curtailing losses of over Rs 50,000 crore incurred by retail investors every year. Based on the feedback received from industry participants, seven measures proposed by the market regulator in a consultation paper in July may be implemented with minor tweaks ahead of its forthcoming board meeting, said sources.

IPO rush: 8 cos looking to raise Rs 60,000 cr in Oct-Nov

IPO rush: 8 cos looking to raise Rs 60,000 cr in Oct-Nov

Rediff.com29 Sep 2024

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs.

Idiopathic Pulmonary Fibrosis: What Killed Ustad Zakir Hussain

Idiopathic Pulmonary Fibrosis: What Killed Ustad Zakir Hussain

Rediff.com17 Dec 2024

'It's almost like the tissue of the lung has a cancer spreading to it, which is causing scarring and rapidly progresses.'

More urban shoppers opting for Qcom platforms

More urban shoppers opting for Qcom platforms

Rediff.com25 Sep 2024

Quick commerce (Qcom) platforms are bringing upon a rapid change in the behaviours of online shoppers, with 31 per cent of buyers relying on the fast delivery option for grocery needs, according to a new study.

What Type Of Personal Loan Could You Opt For?

What Type Of Personal Loan Could You Opt For?

Rediff.com25 Nov 2024

In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.

Stock markets rise on gains in Tata Motors, HDFC Bank

Stock markets rise on gains in Tata Motors, HDFC Bank

Rediff.com30 Jul 2024

From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers. Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.

Early 'end of season' sale amid muted demand

Early 'end of season' sale amid muted demand

Rediff.com26 Jun 2024

The spring/summer end-of-season sales have been advanced by a week with brands having high inventories due to weak demand in May because consumers avoided shopping in the hot month.

India Inc capital expenditure story gets cement to semiconductor push

India Inc capital expenditure story gets cement to semiconductor push

Rediff.com19 Apr 2024

Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.

13 companies set to launch IPOs to raise Rs 8,644 cr

13 companies set to launch IPOs to raise Rs 8,644 cr

Rediff.com8 Sep 2024

The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO.

Tech, startup groups push back against OTT licensing

Tech, startup groups push back against OTT licensing

Rediff.com20 Aug 2024

Tech and startup industry bodies have again pushed back against calls by telecom operators to bring over-the-top (OTT) services under a licensing regime similar to telcos, and open them up to taxation. Ahead of public consultations on the issue later this week, the Internet & Mobile Association of India (IAMAI), Nasscom and the US India Strategic Partnership Forum (USISPF), among others, have written to the government arguing against such efforts.

IPOs Soar on Bullish Market

IPOs Soar on Bullish Market

Rediff.com8 Sep 2024

The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy.

'In Equity Markets, One Has To Be Patient'

'In Equity Markets, One Has To Be Patient'

Rediff.com12 Nov 2024

'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'

Equity MFs Rake In Rs 38,239 Crore In August

Equity MFs Rake In Rs 38,239 Crore In August

Rediff.com11 Sep 2024

'The correction in the markets in the initial part of August provided investors a good buying opportunity.'

'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.'

WazirX creditors quiz founder, legal team on restructuring

WazirX creditors quiz founder, legal team on restructuring

Rediff.com8 Oct 2024

In a recent townhall meeting, creditors of WazirX pressed founder Nischal Shetty and the restructuring legal team for solutions, seeking representation on the committee of creditors (CoC) and expeditious restructuring within four months, and asked for clarity on redistribution of potential gains from future crypto market upswings.

India Inc feels the heat of West Asia conflict

India Inc feels the heat of West Asia conflict

Rediff.com29 Apr 2024

Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.

'He Will Always Be Gafoormama, The Indulgent Uncle'

'He Will Always Be Gafoormama, The Indulgent Uncle'

Rediff.com6 Sep 2024

'The intellectual A G Noorani and A G Noorani the family man sound like a contradiction in terms, but both aspects were integral parts of the individual.'

'Embrace AI. Embrace Digital'

'Embrace AI. Embrace Digital'

Rediff.com7 Oct 2024

'These are the two core skill sets that are required for any job, in any profession.'

Hero Motocorp, JSW energy among 7 midcap stocks likely to get largecap tag

Hero Motocorp, JSW energy among 7 midcap stocks likely to get largecap tag

Rediff.com14 Jun 2024

Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Rediff.com17 Jul 2024

The possible instances of front running at Quant Mutual Fund have likely pushed the Securities and Exchange Board of India (Sebi) to expedite the implementation of an institutional mechanism framework designed to curb such market abuses. This framework, approved by the Sebi board in April, was slated to take effect six months after its notification. But, recent developments have set the wheels of regulation turning faster.

India's IPO market set to break May jinx in Lok Sabha election year

India's IPO market set to break May jinx in Lok Sabha election year

Rediff.com3 May 2024

'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break. Sample this: the last four General Election election cycles starting 2004 have not seen a single initial public offering (IPO) launch during the month of May.

The Real Reason Why Movies Are Flopping

The Real Reason Why Movies Are Flopping

Rediff.com19 Jul 2024

The consistently heavy downpour of films, shows, events, videos and whatnot is causing economic disruption.

Does govt plan to junk MTNL, BSNL merger?

Does govt plan to junk MTNL, BSNL merger?

Rediff.com13 Jul 2024

The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A final call on this is likely to be taken in a month's time. The source said the option of handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd (BSNL) through an agreement is being looked into.

US lenders say Byju's obligated to repay full $1.2 bn Term Loan B

US lenders say Byju's obligated to repay full $1.2 bn Term Loan B

Rediff.com15 Sep 2024

US lenders represented by Glas Trust have countered Byju's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered edtech firm will have to pay the entire $1.2 billion Term Loan B along with interest. The founder of Think and Learn (TLPL) and owner of Byju's brand, Byju Raveendran, had about a week ago said that verified debt on the company is only Rs 20 crore as per insolvency proceedings and he may not have to pay any money to the US lenders represented by Glas Trust.

Longer working hours & low earnings: How India's gig workforce fares

Longer working hours & low earnings: How India's gig workforce fares

Rediff.com12 Mar 2024

Long working hours, earnings that fall short of meeting household expenses, arbitrary deactivation and blocking of identity (ID) by platforms, and high physical and mental stress are among the major issues plaguing workers of the booming gig economy in India, a report based on a survey has found. Nearly 83 per cent cab drivers reported working for more than 10 hours in a day, while 78 per cent delivery personnel worked for the same duration, showed the report released on Monday, titled "Prisoners on Wheels" and based on a survey by the University of Pennsylvania and the Indian Federation of App-Based Transport Workers (IFAT).

Urban unemployment declines to 6.6% in Q1

Urban unemployment declines to 6.6% in Q1

Rediff.com19 Aug 2024

Employment in urban areas in the first quarter of 2024-25 (FY25) improved over the previous one. The unemployment rate in April-June (Q1) declined to 6.6 per cent from a four-quarter high of 6.7 per cent in January-March FY24 owing to the fall in the male unemployment rate, according to the quarterly Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Friday.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com25 Sep 2022

The domestic stock market may face volatility amid the monthly derivatives expiry scheduled this week, while investors would mainly await the outcome of RBI's interest rate decision on Friday, said analysts. Global market movement would also continue to drive sentiment amid a bearish trend recently following rate hikes by the US Federal Reserve and other central banks. The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation.

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Rediff.com26 Sep 2024

Stock exchanges have intensified vigil on Small and Medium Enterprise (SME) listings by mandating more comprehensive financial disclosures and enhanced monitoring of utilisation of issue proceeds from investment bankers, amid rising instances of dubious practices. Bourses - responsible for vetting initial public offering (IPO) documents and granting approvals to SMEs - have tightened norms in recent weeks with further measures planned for new filings to safeguard investor interests, sources said.

Major credit card issuers go live on Bharat Bill Payment Systems platform

Major credit card issuers go live on Bharat Bill Payment Systems platform

Rediff.com15 Jul 2024

Major credit issuers, including the largest - HDFC Bank - have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party applications.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Sebi's F&O curbs for stemming 'frenzied trading'

Sebi's F&O curbs for stemming 'frenzied trading'

Rediff.com5 Aug 2024

Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the Rs 450-trillion-a-day futures and options (F&O) market is not a case of "throwing the baby out with the bathwater," whole-time member (WTM) Ananth Narayan said on Friday. "As a regulator, we are conscious that we must not throw the baby out with the bathwater. "When it comes to frenzied trading in options nearing expiry, however, it is difficult to see any baby in this bathwater," he said while delivering his address at the 21st FICCI Annual Capital Markets Conference.

The Formidable Editor, Vimla Patil

The Formidable Editor, Vimla Patil

Rediff.com3 Oct 2024

Vimla Patil always stressed the importance of proving wrong the perception that women were women's worst enemies. And it iss a lesson I carried forward with me all through my career, learning empathy, understanding and ways to help as I went along. Sathya Saran, who succeeded Mrs Patil as Femina's editor, pays homage to the well-known journalist who passed into the ages on September 29, 2024.

Do We Need Atmashakti At Work?

Do We Need Atmashakti At Work?

Rediff.com15 Oct 2024

'Alongside economic growth and the Asian century, stress has become an Asian caravan.' 'But stress doesn't arrive in one's country as invitation to taste exhaustion. It comes dressed as a challenge.' 'Its evangelists ask: Are you man enough to shoulder stress?' points out Shyam G Menon.

'Work Is NOT Life'

'Work Is NOT Life'

Rediff.com9 Oct 2024

'Don't get stressed if you are not able to do your work.' 'If you feel you do not have the skill or capacity to do some work, accept it.'

Why RBI Cracked Down On P2P Lending

Why RBI Cracked Down On P2P Lending

Rediff.com22 Aug 2024

Following a review of peer-to-peer (P2P) platforms, certain issues -- including high non-performing asset levels, significantly high balances in escrow accounts, and non-compliance with net owned fund and disclosure requirements -- came to the RBI's attention.

Investing in IPOs? Read this

Investing in IPOs? Read this

Rediff.com18 Sep 2024

IPOs inherently carry more risks than stocks that have been listed on the exchanges for some time.

Gig workers Bill: Unease among startups

Gig workers Bill: Unease among startups

Rediff.com15 Jul 2024

A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease of doing business. They told the state government the Bill in its current form would hamper operations and increase regulatory and compliance burden on the nascent gig and startup economy, according to sources.

Cyber attack: How vulnerable are Indian entities?

Cyber attack: How vulnerable are Indian entities?

Rediff.com22 Jan 2024

The number of cyber attack cases in India increased by 15 per cent per week on an average in 2023, trailing only Taiwan in the Asia Pacific region, cyber security firm Check Point said on Monday. Organisations across the globe experienced an average of 1,158 weekly cyber attacks each, which was a 1 per cent increase in the number of incidents compared to that in 2022. "In 2023 India received 2,138 weekly attacks per organisation, which is a 15 per cent surge since 2022.