News for 'Vision Fund'

How Do We Prepare For LA 2028? We Don't.

How Do We Prepare For LA 2028? We Don't.

Rediff.com15 Aug 2024

You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.

Is Engineer Rashid Kashmir's Most Popular Leader?

Is Engineer Rashid Kashmir's Most Popular Leader?

Rediff.com13 Sep 2024

If Rashid cannot be the king, he could be the kingmaker after October 8 when the results to the J&K assembly are declared.

The vision is missing, Nirmala-ji!

The vision is missing, Nirmala-ji!

Rediff.com6 Jul 2019

Nirmala Sitharaman's maiden Budget has not disappointed but vision and details, particularly for the revival of agriculture, are missing.

Modi sounds bugle for Mumbai civic polls, says no dearth of funds for city

Modi sounds bugle for Mumbai civic polls, says no dearth of funds for city

Rediff.com19 Jan 2023

When there is a state government committed to development, it is important that Mumbai has a civic body that, too, shares that goal, Modi said.

Managing party without him is...: Ajit Pawar on uncle

Managing party without him is...: Ajit Pawar on uncle

Rediff.com16 Aug 2024

Maharashtra Deputy Chief Minister Ajit Pawar, who heads the Nationalist Congress Party, has said that helming the NCP away from the shadows of his uncle and founder Sharad Pawar after the split is a huge responsibility.

PIX: Here is how states celebrate 78th Independence Day

PIX: Here is how states celebrate 78th Independence Day

Rediff.com15 Aug 2024

Independence Day was celebrated across states and Union territories on Thursday, as several chief ministers announced job schemes while some others vowed their support for Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047.

'Ratan Tata Always Displayed His Kindness'

'Ratan Tata Always Displayed His Kindness'

Rediff.com12 Nov 2024

'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'

Restoring India's Botanic Heritage

Restoring India's Botanic Heritage

Rediff.com21 Mar 2024

With over 3,000 species of plants, 26 interconnected lakes and the 250-year-old Great Banyan Tree -- the largest in the world -- the Indian Botanic Garden is a veritable treasure, discovers Payal Singh Mohanka.

'Without incentives people will not purchase EVs'

'Without incentives people will not purchase EVs'

Rediff.com8 Jun 2024

'Wherever the government has provided incentives for the purchase of two-wheelers, three-wheelers, cars, buses, and trucks, it gets a push for most of these alternate fuels. '

'I Can't Talk To My Parents About My Film'

'I Can't Talk To My Parents About My Film'

Rediff.com31 May 2024

'That's how big this taboo is.' 'It would be difficult for them to understand what I am trying to show with Jaggi.'

IPO craze continues: 3 firms to raise Rs 1,325 crore next week

IPO craze continues: 3 firms to raise Rs 1,325 crore next week

Rediff.com3 Mar 2024

The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.

Adani Green seals $1.36 bn financing for world's largest renewable energy park

Adani Green seals $1.36 bn financing for world's largest renewable energy park

Rediff.com5 Dec 2023

Adani Green Energy (AGEL) on Tuesday announced it has secured a funding of $1.36 billion from a consortium of international banks as part of its construction financing framework. The $1.36-billion senior debt facility will enhance the company's funding pool to $3 billion since initial project financing in March 2021, AGEL said in a statement. According to the statement, AGEL, India's largest and world's leading renewable energy player, announced a follow-on funding of $1.36 billion to further boost its construction financing framework to $3 billion backed by a consortium of renowned international banks.

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.

ShareChat lays off 200 staffers as it eyes profitability

ShareChat lays off 200 staffers as it eyes profitability

Rediff.com21 Dec 2023

Social media unicorn ShareChat has laid off 200 employees, around 15 per cent of its workforce, in another round of layoffs this year to reduce costs and achieve profitability within the next six quarters. In January, Mohalla Tech Pvt Ltd, the parent company of platforms ShareChat and Moj, fired 500 employees, 20 per cent of its workforce. The same month, company co-founders Bhanu Pratap Singh and Farid Ahsan also stepped down from executive roles.

Angels continue to shine the light on fledgling firms

Angels continue to shine the light on fledgling firms

Rediff.com2 Jan 2024

At a time when the Indian startup space is going through a funding winter, marked by investors tightening their purse strings, angel investments in fledgling firms have maintained their momentum. While overall deal volumes among startups have fallen, investment activity among the country's most-active angel investors have been relatively steady. We Founder Circle (WFC), a Mumbai-based network of angel investors, emerged as the most-active angel investment platform for the second consecutive year in 2023 with 82 investments.

Yet another jolt to BRS as second MP joins BJP ahead of LS polls

Yet another jolt to BRS as second MP joins BJP ahead of LS polls

Rediff.com1 Mar 2024

After the BRS lost the assembly elections recently, a number of its leaders quit the party to join the BJP or the Congress, which is in power in the state now.

Sarfira Review: Akshay Does It Again! Yawn.

Sarfira Review: Akshay Does It Again! Yawn.

Rediff.com11 Jul 2024

Throughout its 155 minutes, every scene is doused in blaring background music and melodrama. Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.

Flipkart raises $3.6 billion; valuation hits $37.6 bn

Flipkart raises $3.6 billion; valuation hits $37.6 bn

Rediff.com12 Jul 2021

Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Mutual funds to buy now!

Mutual funds to buy now!

Rediff.com17 Mar 2020

Wondering if mutual fund investments can earn you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.

IPO-bound OYO gets listing approval from BSE, NSE

IPO-bound OYO gets listing approval from BSE, NSE

Rediff.com25 Jan 2022

Oravel Stays Limited, the parent company of travel-tech firm OYO, has received in-principle approval from BSE and NSE to list on the respective bourses, sources said. OYO has filed preliminary documents for a Rs 8,430 crore initial public offering (IPO). The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore.

Bharat Electronics' growth story is intact after excellent Q4 performance

Bharat Electronics' growth story is intact after excellent Q4 performance

Rediff.com29 May 2024

Bharat Electronics (BEL) reported excellent results for the January-March quarter (Q4) of FY24, which were driven by decent EBITDA margins and higher PAT as well as good revenue growth. Order inflows were also good. BEL is a major beneficiary of the policy of defence indigenisation.

Paytm may raise Rs 16,600 cr in IPO

Paytm may raise Rs 16,600 cr in IPO

Rediff.com6 Jul 2021

Digital payments firm Paytm is expected to seek shareholders' approval to raise up to Rs 16,600 crore through an initial share sale, giving it a valuation of over Rs 1.78 lakh crore, according to a source. The extraordinary general meeting of Paytm is scheduled for July 12 in which the company may seek approval to raise up to Rs 12,000 crore through issuance of fresh equity. Another Rs 4,600 crore is expected to be raised from the sale of equity shares by existing and eligible shareholders, according to the source.

Assembly polls, J-K statehood soon: Modi in Srinagar

Assembly polls, J-K statehood soon: Modi in Srinagar

Rediff.com20 Jun 2024

In his first visit to the valley after becoming the prime minister for the third consecutive term, Modi emphasised the importance of enabling the people of Jammu and Kashmir to elect their representatives for the assembly.

Tennis: Djokovic regains top spot, Nadal rises

Tennis: Djokovic regains top spot, Nadal rises

Rediff.com21 Mar 2022

Osaka takes equity stake in crypto exchange FTX

Manorathangal Review: Anatomy of A Visionary Mindscape

Manorathangal Review: Anatomy of A Visionary Mindscape

Rediff.com15 Aug 2024

Through Manorathangal, M T Vasudevan Nair makes himself available to a whole new generation of uninitiated viewers, who can familiarise themselves with his rich body of work and hope to learn a thing or two about life in all its messy grandeur and flawed imperfections, notes Arjun Menon.

Space tech start-up Agnikul raises $11 mn funding

Space tech start-up Agnikul raises $11 mn funding

Rediff.com20 May 2021

Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul said, on Thursday, that it has raised $11 million in Series A funding round led by Mayfield India. It is the largest funding round for a private Indian space technology company in the country. Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round.

KKR to invest Rs 2,069 cr in Reliance Retail; to hike stake to 1.42%

KKR to invest Rs 2,069 cr in Reliance Retail; to hike stake to 1.42%

Rediff.com11 Sep 2023

Global investment firm KKR will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd for a 0.25 per cent additional stake of the retailer at a valuation of about Rs 8.36 lakh crore, Reliance Industries Ltd said on Monday. After this investment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL), the holding company of the retail business of billionaire Mukesh Ambani-led RIL, will increase to 1.42 per cent from 1.17 per cent. The investment is at "a pre-money equity value of Rs 8.361 lakh crore (around $100.87 billion)", said a joint statement.

Budget: MGNREGA funds cut by 13%

Budget: MGNREGA funds cut by 13%

Rediff.com1 Feb 2020

Sources in the Rural Development Ministry said the actual expenditure incurred in 2020-21 will be higher than the allocated funds and it will at least be at par with this year's total estimated expenditure of MGNREGS.

After Zomato, will Swiggy also go public?

After Zomato, will Swiggy also go public?

Rediff.com10 Aug 2021

SoftBank founder Masayoshi Son on Tuesday said its portfolio company Swiggy is expected to deliver "good returns" if the food delivery platform were to go public. Speaking at a post-earnings presentation for SoftBank, Son said one of Swiggy's rivals has recently gone public and its share price is doing great. Last month, Zomato made a stellar debut on Dalal Street with its shares zooming nearly 53 per cent against the issue price of Rs 76, and its market valuation crossing the Rs 1-lakh-crore mark.

Why India needs a new economic vision

Why India needs a new economic vision

Rediff.com9 Dec 2013

Member of Parliament Rajeev Chandrasekhar feels that the economy today is bankrupt due to big spending towards social welfare programmes such as NREGA.

It's official, Biden vs Trump set for rematch

It's official, Biden vs Trump set for rematch

Rediff.com13 Mar 2024

Their rematch, long anticipated, but hardly clamoured for, is broadly expected to mirror the 2020 campaign, though Trump will run this time under the spectre of 91 felony charges.

India Inc endorses Modi's vision of India

India Inc endorses Modi's vision of India

Rediff.com12 Jun 2014

Endorsing Prime Minister Narendra Modi's vision of India outlined in his address to Parliament, India Inc said the efforts to improve farm productivity, rein in price rise and impart skills to youth will transform the nation in the days to come.

From December you can transfer funds via NEFT 24x7

From December you can transfer funds via NEFT 24x7

Rediff.com7 Aug 2019

The decision, the Reserve Bank of India said, "is expected to revolutionise the retail payments system of the country".

5 Mistakes First-Time Entrepreneurs Must Avoid

5 Mistakes First-Time Entrepreneurs Must Avoid

Rediff.com12 Mar 2024

To take the 'Idea to Enterprise' journey, you need to be open about your idea and articulate it to potential customers, existing entrepreneurs, experts in your industry and well-wishers.

Will India Soon Hyperloop?

Will India Soon Hyperloop?

Rediff.com29 Mar 2024

Will we see a Chennai-Bengaluru hyperloop?

Digital India and Modi's Vision 2022 master plan

Digital India and Modi's Vision 2022 master plan

Rediff.com27 May 2019

Agriculture, social services, education, defence and so on will be brought into the digital fold and every gram panchayat will be connected to the internet.

Govt extends ban on terror group SIMI for 5 years

Govt extends ban on terror group SIMI for 5 years

Rediff.com29 Jan 2024

The Centre on Monday extended the ban on terrorist group Students Islamic Movement of India (SIMI) for five years for its involvement in fomenting terrorism and disturbing peace and communal harmony in the country.

Maidaan Review: Snooze Soccer

Maidaan Review: Snooze Soccer

Rediff.com9 Apr 2024

Maidaan draws out more yawns than yays, observes Sukanya Verma.

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.