News for 'Value Added Service'

BEWARE! 5 Jobs That Are At Risk From AI

BEWARE! 5 Jobs That Are At Risk From AI

Rediff.com19 Sep 2025

Graphic designers, writers, testers, draftsmen and editors are seeing their traditional roles replaced by AI, warns Dr Anshuka Kulkarni, associate professor and head, School of Creative Studies, DYPU.

Crypto thefts top $2.17 billion in 2025

Crypto thefts top $2.17 billion in 2025

Rediff.com22 Jul 2025

Crypto thefts in 2025 had already crossed $2.17 billion before last week's $44 million CoinDCX hack, underlining relentless cyber threat escalation in the digital currency world, according to the latest data. Blockchain analytics platform Chainalysis' 2025 crypto crime mid-year update says that over $2.17 billion was stolen from cryptocurrency services so far in 2025, and "this year is more devastating than the entirety of 2024".

Global caution sends private equity-backed M&A deal value to 6-year trough

Global caution sends private equity-backed M&A deal value to 6-year trough

Rediff.com29 Aug 2024

The value of private equity (PE)-backed mergers and acquisitions (M&As) in India reached a six-year low during the first seven months of the current calendar year, amid ongoing global uncertainties. The total value of these deals stood at $6.2 billion during the period, down from $9 billion in the same period last year, and lower than the $14 billion recorded during the corresponding period in 2019, according to data from LSEG Deals Intelligence. PE funds pool capital from investors, including high-net-worth individuals, to invest in high-return opportunities.

Manufacturing sector pulls down GDP growth to 7.4% in Q4; FY25 growth to 6.5%

Manufacturing sector pulls down GDP growth to 7.4% in Q4; FY25 growth to 6.5%

Rediff.com30 May 2025

India's economic growth slowed to 7.4 per cent in the March quarter, bringing down the annual growth rate to 6.5 per cent during 2024-25, according to official data released on Friday. The growth in the January-March period was lower than the 8.4 per cent expansion in the year-ago quarter.

Brazil responds to Trump's 50% tariff with 'Reciprocity Law'

Brazil responds to Trump's 50% tariff with 'Reciprocity Law'

Rediff.com10 Jul 2025

Brazilian President Luiz Inacio Lula da Silva on Wednesday (local time) issued a firm response to United States President Donald Trump's announcement of a 50 per cent tariff on Brazil by invoking the country's 'Economic Reciprocity Law', while asserting Brazil's sovereignty and rejecting 'any form of tutelage' in what he described as Trump's attempts to interfere in the country's internal judicial affairs.

FMCG majors cut prices as firms pass on GST benefit to consumers

FMCG majors cut prices as firms pass on GST benefit to consumers

Rediff.com17 Sep 2025

Several fast-moving consumer goods (FMCG) companies have said that they would pass on the full benefit of goods and services tax (GST) rate cuts to consumers starting September 22. Dairy major Mother Dairy, on Tuesday, announced rate cuts in products spanning its portfolio-- from milkshakes to paneer and jams to frozen products under its Safal brand.

2nd time in 20 yrs, manufacturing jobs outpace sector growth

2nd time in 20 yrs, manufacturing jobs outpace sector growth

Rediff.com24 Oct 2024

In a relatively rare occurrence, the growth in manufacturing jobs exceeded the pace of sector growth in 2022-23 (FY23). The number of persons engaged in the segment grew by 7.43 per cent in FY23, according to figures from the Annual Survey of Industries (ASI) released on September 30. The gross value added for the manufacturing sector grew by 4.24 per cent in current prices and declined by 2.2 per cent in real terms for FY23, according to earlier annual figures released by the government.

Mcap of 8 most valued firms surges Rs 1.21 lakh cr; Reliance biggest winner

Mcap of 8 most valued firms surges Rs 1.21 lakh cr; Reliance biggest winner

Rediff.com29 Sep 2024

The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday.

Wipro Profits Up 10.9%

Wipro Profits Up 10.9%

Rediff.com18 Jul 2025

'We remain cautious in this environment, and the uncertainty continues.'

GST and income tax cuts to spark sustained growth

GST and income tax cuts to spark sustained growth

Rediff.com4 Sep 2025

GST Reform 2.0, which trims tax slabs from four to two, signals a push for demand-led growth, and together with recent income tax cuts, sets the stage for sustained economic growth, experts said. The Goods and Services Tax (GST) Council on September 3 approved an overhaul of the indirect tax regime by taxing essentials at 5 per cent and other goods at 18 per cent. A new 40 per cent tax will be applicable on luxury and sin items.

US tariff tide may lift India's exports, reckons NITI Aayog

US tariff tide may lift India's exports, reckons NITI Aayog

Rediff.com15 Jul 2025

India has a comparative edge over key competitors in a majority of products it exports to the US and stands to gain market share as the US raises tariffs on its major trade partners, NITI Aayog said on Monday. In its quarterly trade report, it recommended that the government fast-track the India-US free trade agreement with time-bound goals to resolve non-tariff barriers and finalise digital trade rules on data flows and e-signatures to support services exports.

Pre-IPO deals moderate after peaking in 2023

Pre-IPO deals moderate after peaking in 2023

Rediff.com22 Aug 2025

Pre-initial public offering (IPO) allotments have fallen out of favour over the past two years amidst buoyant primary markets and increasing average float sizes. In 2023, 13 firms raised a record Rs 1,074 crore through pre-IPO placements.

Realty market saw land deals worth Rs 31,000 cr in H1 2025: Anarock

Realty market saw land deals worth Rs 31,000 cr in H1 2025: Anarock

Rediff.com16 Jul 2025

At least 2,900 acres of land deals, with a market value of Rs 31,000 crore, were transacted in the Indian realty market during the first six months of 2025 (H1 2025), according to a report by real estate analytics firm Anarock. These deals include both outright transactions as well as joint development agreements between realtors and landowners.

Indians can now get UAE's Golden Visa at Rs 23 lakh

Indians can now get UAE's Golden Visa at Rs 23 lakh

Rediff.com7 Jul 2025

Until now, one of the ways to get Dubai's Golden Visa from India was to invest in property whose value should be at least AED Two Million (Rs 4.66 crore), or invest a large amount in business in the country.

Fraud amount jumps 3 times in FY25, PSBs hit most

Fraud amount jumps 3 times in FY25, PSBs hit most

Rediff.com29 May 2025

The overall number of frauds, including those related to loan accounts and digital payments, jumped by three times in FY25, primarily due to reclassification of 122 cases as per a Supreme Court order, the Reserve Bank said on Thursday. The fraud value jumped to Rs 36,014 crore in FY25, up from Rs 12,230 crore in the previous fiscal year, while the number of fraud cases went down to 23,953 in FY25 from 36,060 in FY24.

Tax cut may bolster credit growth in H2

Tax cut may bolster credit growth in H2

Rediff.com5 Sep 2025

After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.

Exports up 9% to $38.49 bn in Apr; trade deficit widens to 5-month high of $26.42 bn

Exports up 9% to $38.49 bn in Apr; trade deficit widens to 5-month high of $26.42 bn

Rediff.com16 May 2025

India's exports rose 9.03 per cent to $38.49 billion in April, the highest in six months, driven by healthy growth in sectors such as electronics and engineering goods, while the trade deficit widened to a five-month high of $26.42 billion. According to the commerce ministry data released on Thursday, imports increased by 19.12 per cent year-on-year to $64.91 billion in April due to a rise in shipments of crude oil and fertiliser.

Co-investment may slip its leash as rules relax for big-ticket plays

Co-investment may slip its leash as rules relax for big-ticket plays

Rediff.com30 Jun 2025

Co-investment under the portfolio management services (PMS) route accounted for less than 50 crore in assets and involved fewer than a dozen clients for much of 2022. Since then, assets under management have risen to 3,812 crore across 535 clients as of April 2025, according to the latest regulatory data. The recent changes may open the door to greater investment from sovereign wealth and pension funds, experts say.

'One Can't Monopolise Captain Cool'

'One Can't Monopolise Captain Cool'

Rediff.com18 Jul 2025

If the 'Captain Cool' trademark goes through, it could trigger a wave of similar attempts by celebrities to trademark nicknames given to them by fans.

M for Metreweli? Britain's MI6 gets first female boss

M for Metreweli? Britain's MI6 gets first female boss

Rediff.com16 Jun 2025

Metreweli, 47, has been promoted from current role as Director General, or 'Q', responsible for technology and innovation in MI6 and has previously held a director-level role at MI5 - the UK's domestic security service.

Tim Cook Drops AI Truth Bomb: Adapt Or...

Tim Cook Drops AI Truth Bomb: Adapt Or...

Rediff.com20 Aug 2025

As the Apple CEO put it to his staff, the choice is stark: Adopt AI or risk being left behind. The same applies to everyone preparing for the future of work.

Height of...: Sonia slams Modi's 'shameful silence' on Gaza 'genocide'

Height of...: Sonia slams Modi's 'shameful silence' on Gaza 'genocide'

Rediff.com29 Jul 2025

Gandhi urged the prime minister to speak out "clearly, boldly and forthrightly" on behalf of the legacy that India has long represented.

Why did Modi call Trinidad and Tobago PM 'Bihar ki beti'?

Why did Modi call Trinidad and Tobago PM 'Bihar ki beti'?

Rediff.com4 Jul 2025

This is Modi's first visit to the country as prime minister and the first Indian bilateral visit at the prime ministerial level to Trinidad and Tobago since 1999.

Oppn candidate Reddy urges MPs to vote with conscience in VP polls

Oppn candidate Reddy urges MPs to vote with conscience in VP polls

Rediff.com7 Sep 2025

Opposition candidate B Sudershan Reddy appeals to MPs to vote with conscience in the upcoming vice presidential polls, urging them to prioritize the spirit of India and parliamentary traditions over party loyalty.

'India Can Convert Tariffs Into Win-Win Situation'

'India Can Convert Tariffs Into Win-Win Situation'

Rediff.com11 Aug 2025

'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'

RIL to be a deep-tech, advanced manufacturing powerhouse: Mukesh Ambani

RIL to be a deep-tech, advanced manufacturing powerhouse: Mukesh Ambani

Rediff.com26 Jun 2025

Reliance Industries (RIL), India's largest conglomerate, is set to pivot into a deeptech and advanced manufacturing enterprise, chairman and managing director (CMD) Mukesh Ambani said. "In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people.

Amazon's entry into healthcare a headwind but diagnostic stocks attractive

Amazon's entry into healthcare a headwind but diagnostic stocks attractive

Rediff.com2 Jul 2025

The news that Amazon India has launched diagnostic services in select metro cities in partnership with the unlisted Orange Health Labs has led to a look at the competitive intensity in healthcare services. Listed companies in the space such as Dr Lal Path Labs, Metropolis Health, Thyrocare, Vijaya, and Krsnaa have all seen double-digit stock price corrections over the last 6-9 months.

India sees record deal activity in Feb at $7.2 bn

India sees record deal activity in Feb at $7.2 bn

Rediff.com15 Mar 2025

India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.

Which is the new battleground in tax disputes?

Which is the new battleground in tax disputes?

Rediff.com25 Jun 2025

In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.

'Simplicity, Vision, Love For Nation. That Is Modi'

'Simplicity, Vision, Love For Nation. That Is Modi'

Rediff.com17 Sep 2025

'With tears in his eyes, he told me in Gujarati, "What have they done to this country? It has so much potential." That feeling for the country -- it was striking.'

IT Bench Strengths Thin as Skills Evolve

IT Bench Strengths Thin as Skills Evolve

Rediff.com4 Jul 2025

'Keeping a bench increases cost. If you keep a bench, the skills may not remain relevant.' 'In the future, bench strength will literally be zero.'

Startups Could Hire 100,000 To 200,000

Startups Could Hire 100,000 To 200,000

Rediff.com7 Jul 2025

Hiring demand is strongest for high-impact technology and product roles, particularly DevOps engineers, product managers, and full-stack developers.

Trump-Netanyahu announce Gaza peace plan, await Hamas nod

Trump-Netanyahu announce Gaza peace plan, await Hamas nod

Rediff.com30 Sep 2025

The peace plan included that Gaza will be a deradicalised, terror-free zone that does not pose a threat to its neighbours and will be redeveloped for the benefit of the people of Gaza. The peace plan stated that if both sides agree to this proposal, the war will immediately end. Israeli forces will withdraw to the agreed upon line to prepare for hostage release.

FBT removal brings cheers to ad industry

FBT removal brings cheers to ad industry

Rediff.com2 Mar 2007

After the FBT was introduced in 2006, the industry has been appealing to the finance ministry to exempt sales promotion schemes from its ambit since the incurred expenditure cannot be treated as employee benefits.

Why Are Bankers Committing Suicide?

Why Are Bankers Committing Suicide?

Rediff.com13 Aug 2025

In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.

100-day plan: Govt platform for exporters to boost trade

100-day plan: Govt platform for exporters to boost trade

Rediff.com21 Jun 2024

The commerce department has reaffirmed its plans to launch the 'Trade Connect' e-platform to help exporters connect with stakeholders of international trade, as a part of the new government's 100-day action plan, a senior government official said.

Cab Wars Heat Up at Airports Post BluSmart Exit

Cab Wars Heat Up at Airports Post BluSmart Exit

Rediff.com19 Jun 2025

Uber recorded approximately 200 per cent year-on-year growth in its pre-scheduled ride option, Uber Reserve.

Need to shift from fortnightly to real-time credit reporting: RBI DG

Need to shift from fortnightly to real-time credit reporting: RBI DG

Rediff.com3 Jul 2025

There is a need for real-time or near real-time credit reporting, instead of the current fortnightly system, to improve underwriting precision, enable timely reflection of borrower actions such as loan closures or repayments, and deliver a superior consumer experience, Deputy Governor of the Reserve Bank of India (RBI), M Rajeshwar Rao said on Wednesday.

Quick-service restaurants look to serve up new menus to deal with slump

Quick-service restaurants look to serve up new menus to deal with slump

Rediff.com2 Aug 2024

In the first quarter (Q1) of the ongoing financial year ending June 30, Westlife Foodworld, which operates McDonald's outlets in the South and West, reported an 88 per cent drop in net profit. While net sales remained flat, its same-store sales growth (SSSG) fell by 6.7 per cent, impacted by "subdued in-store business, although the off-premise segment saw positive same-store sales", the company said.

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Rediff.com27 May 2025

Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore. Speaking at an internal town hall, Krishnamurthy said the company's leadership structure is strengthening and that the steps toward relocating Flipkart's legal base to India are progressing as planned, according to people familiar with the matter.