News for 'World Bank Group'

Likely done by 'other team': Biden on Gaza hospital blast

Likely done by 'other team': Biden on Gaza hospital blast

Rediff.com19 Oct 2023

United States President Joe Biden on Wednesday said that based on what he saw, it appears that the deadly explosion at the Gaza hospital was done by 'the other team' and not the Israeli military, accepting the Israeli version of the story pinning the blame for the blast on the Palestinian militant group Islamic Jihad.

Modi sees tiranga on floor at BRICS meet, does this

Modi sees tiranga on floor at BRICS meet, does this

Rediff.com23 Aug 2023

Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.

Israel escalates Gaza attacks as conflict enters Day 4; targets Hezbollah

Israel escalates Gaza attacks as conflict enters Day 4; targets Hezbollah

Rediff.com11 Oct 2023

As per the Israeli Air Force, the fighter jets attacked a number of terrorist targets of the terrorist organization Hamas throughout the Gaza Strip. Among other things, the planes attacked a military compound and a weapons warehouse.

IFC, German firm eye stake in Sicom

IFC, German firm eye stake in Sicom

Rediff.com12 Jan 2007

International Finance Corporation, the private equity venture of the World Bank Group, DEG, one of the largest European development finance institutions, are eyeing a stake in State Industrial Corporation of Maharashtra.

Ram Temple: Modi Seals His Legacy

Ram Temple: Modi Seals His Legacy

Rediff.com22 Jan 2024

The BJP enters challenging times where it has been given a task to hold onto the values of Ram in running the country as defined by Narendra Modi in Ayodhya, notes Sheela Bhatt.

How Will Modi Shape The G20 Opportunity?

How Will Modi Shape The G20 Opportunity?

Rediff.com2 Mar 2023

Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.

'Modi Fatigue Has Set In'

'Modi Fatigue Has Set In'

Rediff.com3 Apr 2024

'Modigate is snowballing into a huge thing with the electorate. The BJP is in for huge punishment by the electorate.'

M-cap of all BSE-listed cos has jumped to Rs 39 trillion

M-cap of all BSE-listed cos has jumped to Rs 39 trillion

Rediff.com23 Jun 2023

The sharp rally in the broader markets has propelled India's market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. The previous record was on December 14, 2022, at Rs 291.3 trillion.

Bank mergers and death of forex brokerages

Bank mergers and death of forex brokerages

Rediff.com3 Oct 2019

Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.

Brain Drain 2.0 Is Taking Place In India

Brain Drain 2.0 Is Taking Place In India

Rediff.com28 Sep 2023

The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.

Captain Mithali wants young players to enjoy World Cup time

Captain Mithali wants young players to enjoy World Cup time

Rediff.com26 Feb 2022

India's captain Mithali Raj says youngsters like Shafali Verma and Richa Ghosh have shown that they have the ability to compete at the highest level and the last few series have helped the team figure out its composition ahead of women's ODI World Cup next month.

IFC to invest $500 mn in India

IFC to invest $500 mn in India

Rediff.com22 Aug 2006

International Finance Corporation, the private sector financing arm of the World Bank Group, is likely to invest $500 million in India this fiscal. \n

Debt Collection Goes Digital

Debt Collection Goes Digital

Rediff.com10 Aug 2023

Companies don't have to be in the field to nudge people to return money they owe lenders.

A better world after Covid?

A better world after Covid?

Rediff.com13 May 2020

It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.

Adani Lost Rs 3,000 Crore A Week In 2023

Adani Lost Rs 3,000 Crore A Week In 2023

Rediff.com31 Mar 2023

The combined market-cap of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public.

Ola keen to build cell manufacturing plant

Ola keen to build cell manufacturing plant

Rediff.com7 Jun 2022

SoftBank Group-backed Ola Electric is in talks with multiple global suppliers to build a battery cell manufacturing plant in India with a capacity of up to 50-gigawatt hours, sources said. As part of its broader electrification push, the firm plans to invest in companies with advanced cell and battery technology, alongside the 50 Gwh battery plant. Ola Electric needs 40 Gwh of battery capacity to power 10 million electric scooters annually. The remainder will be for its electric cars, which the company plans to manufacture in the future.

Renewable energy: Avaada, others up the ante against conglomerates

Renewable energy: Avaada, others up the ante against conglomerates

Rediff.com24 Dec 2023

When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.

IFC to lend $50 million to Telco

IFC to lend $50 million to Telco

Rediff.com24 Jun 2003

The International Finance Corporation will provide a $50 million loan to the leading automaker Tata Engineering to support its ongoing investment programme and new product development initiatives.

Davis Cup: Can India upset Italy and qualify for Group Finals?

Davis Cup: Can India upset Italy and qualify for Group Finals?

Rediff.com31 Jan 2019

World No. 16 Marco Cecchinato will spearhead Italy's challenge, while they also have the experienced world No. 37 Andreas Seppi as they look to continue their good record against India.

Tatas are committed to make Air India a world-class airline: Chandra

Tatas are committed to make Air India a world-class airline: Chandra

Rediff.com27 Jan 2022

"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.

Canada a hotbed of separatists, requests for deportation ignored: India

Canada a hotbed of separatists, requests for deportation ignored: India

Rediff.com19 Sep 2023

At least nine separatist organisations supporting terror groups have their bases in Canada and despite multiple deportation requests Ottawa has taken no action against those involved in heinous crimes, including the killing of popular Punjabi singer Sidhu Moosewala, officials in New Delhi said on Tuesday.

People from southern Israel leave homes, take shelter in Jerusalem amid war

People from southern Israel leave homes, take shelter in Jerusalem amid war

Rediff.com22 Oct 2023

Israel's ministry of defence and the Israel defence forces on Sunday said they are planning to evacuate another 14 communities close to the Lebanese border, The Times of Israel reported.

Leo Varadkar, The PM Who Likes Jalebis

Leo Varadkar, The PM Who Likes Jalebis

Rediff.com5 Apr 2024

'When my father travelled 5,000 miles to build a new home in Ireland, I doubt he ever dreamed that his son would one day grow up to become its leader.' Vaihayasi Pande Daniel/Rediff.com profiles Dr Leo Varadkar who will step down as Ireland's taoiseach (prime minister) next week.

Elections not a factor for monetary policy: RBI Guv

Elections not a factor for monetary policy: RBI Guv

Rediff.com22 Dec 2022

The Lok Sabha elections in 2024 are not a consideration when it comes to monetary policymaking, said Reserve Bank of India governor Shaktikanta Das to underscore the central bank's commitment to controlling inflation. "It's not possible for me to comment what we do in the next MPC (Monetary Policy Committee), but one thing I can tell and I would like to make it very clear-that the fact of elections coming up in 2024 is not a factor at all so far as monetary policymaking is concerned. "Monetary policymaking is for checking (and) controlling inflation," Das said at the Business Standard, BFSI Insight Summit.

India growing, but fiscal deficit a worry

India growing, but fiscal deficit a worry

Rediff.com19 Sep 2003

IMF chief Horst Kohler, who is in Dubai to World Bank Group and IMF meetings, did not comment on the issue of BPCL and HPCL divestment.

India to head BRICS' $100 billion development bank

India to head BRICS' $100 billion development bank

Rediff.com16 Jul 2014

The BRICS Summit tonight decided to establish the new development bank with an initial authorised capital of $100 billion.

New Development Bank to set its own standards; no rivalry issues: Kamath

New Development Bank to set its own standards; no rivalry issues: Kamath

Rediff.com8 Jul 2015

Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.

FIFA WC: Africa still searching for the win

FIFA WC: Africa still searching for the win

Rediff.com25 Nov 2022

All five African teams at the last World Cup in Russia failed to get past the first round and the continent's football leaders have said their future priority is to make sides more competitive in the international arena.

IFC to lend $50 million to L&T

IFC to lend $50 million to L&T

Rediff.com18 Jun 2003

International Finance Corporation, the private sector arm of the World Bank Group, will provide a loan of $50 million to Larsen & Toubro, one of India's largest engineering and construction companies.\n\n\n\n

Can Modi Beat Rajiv Gandhi's 404 MPs Record?

Can Modi Beat Rajiv Gandhi's 404 MPs Record?

Rediff.com6 Feb 2024

Modi wants the BJP to gets an additional 10% of the vote share from what it won in 2019. Plans are afoot to get new faces to replace MPs with poor chances of winning. Sources say more than 100 MPs are like to be axed, notes Modi biographer Ramesh Menon.

'Hard to see how Hamas can be defeated'

'Hard to see how Hamas can be defeated'

Rediff.com26 Oct 2023

'The purported claim that Israel can defeat Hamas and everything 'would go back to normal' is completely absurd.'

Be prepared for fresh Covid waves, warns WHO's Soumya Swaminathan

Be prepared for fresh Covid waves, warns WHO's Soumya Swaminathan

Rediff.com15 Jul 2022

There is mounting evidence that suggests that Omicron subvariants -BA.4 and BA.5 - are infecting people who have been vaccinated.

Asia Cup: Electrifying atmosphere of India-Pakistan clash missing

Asia Cup: Electrifying atmosphere of India-Pakistan clash missing

Rediff.com2 Sep 2023

A cricket match involving India and Pakistan is not just about top-quality cricket, but it is also about roaring fans giving the stadium the atmosphere of a Roman colosseum.

Where Are Business Leaders To Power The India Story?

Where Are Business Leaders To Power The India Story?

Rediff.com6 Apr 2023

What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?

'India is in a sweet spot for the next few years'

'India is in a sweet spot for the next few years'

Rediff.com8 Mar 2023

'While foreign institutional investor flows are still negative, they will turn positive in the latter part of 2023 as India's resilient growth becomes perceptible.'

Adani speaks: Interest of my investors is paramount

Adani speaks: Interest of my investors is paramount

Rediff.com2 Feb 2023

Embattled billionaire Gautam Adani on Thursday spoke publicly for the first time since his ports-to-energy conglomerate publicly battled a short seller's accusation of stock manipulation and accounting fraud, saying the abrupt move to withdraw a fully-subscribed share sale at his flagship firm was due to market volatility. His group continued to lose on the stock market, with the cumulative rout now nearing $108 billion in a week -- one of the biggest wipeouts in India's history. "After a fully subscribed follow-on public offering (of Adani Enterprises Ltd), yesterday's decision of its withdrawal would have surprised many.

New framework to deal with banks' toxic assets soon

New framework to deal with banks' toxic assets soon

Rediff.com20 Apr 2017

While they have restructured loans, there is still question mark over the success of such a work-out

How easy is it to do business in India? Now vs 5 years ago

How easy is it to do business in India? Now vs 5 years ago

Rediff.com10 Aug 2015

Explore the map to see and compare different countries' Doing Business Index in 2015.

Can RBI's digital currency replace physical cash?

Can RBI's digital currency replace physical cash?

Rediff.com15 Dec 2022

Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?