News for 'World Bank Group'

How Pele transformed Brazil into footballing superpower

How Pele transformed Brazil into footballing superpower

Rediff.com30 Dec 2022

Pele's greatest contribution to both soccer and Brazil was to transform his underachieving nation into a footballing superpower.

What Are Messi, Neymar, Ronaldo Doing In Kerala?

What Are Messi, Neymar, Ronaldo Doing In Kerala?

Rediff.com18 Nov 2022

FIFA tweeted a picture of the cutouts, saying 'World Cup fever has hit Kerala'.

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Rediff.com29 Sep 2023

Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.

Nippon, Reliance Group launch India funds for Japan investors

Nippon, Reliance Group launch India funds for Japan investors

Rediff.com1 Sep 2014

The Prime Minister's visit to Japan reinforces the strategic focus of global partnership between India and Japan.

Why TCS Picked Krithivasan As CEO

Why TCS Picked Krithivasan As CEO

Rediff.com22 Aug 2023

Krithi Krithivasan is the kind of person one might look to when the need is to calm things down and put things back on track.

Taliban say they're 'not trained' to respect women

Taliban say they're 'not trained' to respect women

Rediff.com26 Aug 2021

Taliban spokesperson Zabiullah Mujahid said that women should not go to work for their own safety.

Gill reveals India's game plan against Pakistan!

Gill reveals India's game plan against Pakistan!

Rediff.com9 Sep 2023

Shubman Gill said India's batters will have to dominate unlike last time when the top order was blown away for 66.

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.

Birla group now a global leader in carbon black

Birla group now a global leader in carbon black

Rediff.com1 Feb 2011

After 15 months of negotiations, the Aditya Birla Group has finally agreed to buy out the US firm Columbian Chemicals Company (CCC) for $875 million from One Equity Partners, the merchant banking arm of JPMorgan Chase. This has catapulted the group to become the world leader in carbon black with a combined two million tonne annual production.

Role of creditors to be probed in Nitin Desai death case: Fadnavis

Role of creditors to be probed in Nitin Desai death case: Fadnavis

Rediff.com3 Aug 2023

Shelar demanded that Desai's death should not be treated just as a case of accidental death, but must be dealt with from a larger perspective.

'Markets Won't Enter Bear Territory Anytime Soon'

'Markets Won't Enter Bear Territory Anytime Soon'

Rediff.com23 Mar 2023

'Markets could face uncertainty in the short to medium term.' 'It would be prudent to invest in alternative asset classes, especially debt, for about a year.' 'Bank fixed deposits are offering rates as high as 9 per cent per annum and these can be used as a great hedging tool until equity markets stabilise.'

Gautam Adani cements hold over Ambuja, son Karan is chairman of ACC

Gautam Adani cements hold over Ambuja, son Karan is chairman of ACC

Rediff.com16 Sep 2022

Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.

Meta expands WhatsApp payments service in India

Meta expands WhatsApp payments service in India

Rediff.com20 Sep 2023

WhatsApp on Wednesday announced the expansion of its payments service in India to make it easier for people transacting with businesses to pay for purchases directly in the chat, with a choice of UPI apps, including rival digital payment options, as well as credit and debit cards. Meta founder and CEO Mark Zuckerberg asserted that India is leading the world in people and businesses embracing messaging. WhatsApp said it is working with partners Razorpay and PayU "to make paying for something as simple as sending a message", as the Meta-owned platform unveiled a host of new features to woo businesses in India's booming commerce market.

K V Kamath appointed chairperson of Rs 20,000-cr NaBFID

K V Kamath appointed chairperson of Rs 20,000-cr NaBFID

Rediff.com27 Oct 2021

The government on Wednesday announced the appointment of veteran banker K V Kamath as chairperson of the newly set up Rs 20,000 crore development finance institution NaBFID to catalyse investment in the funds-starved infrastructure sector. Parliament had in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.

Modi has ambitious plans to put India in the $5-trillion club

Modi has ambitious plans to put India in the $5-trillion club

Rediff.com19 Nov 2018

Modi said it is an outcome of India's consistent reforms trajectory that the country's position is getting credence globally and is being recognised by international bodies like the IMF, World Economic Forum and UNCTAD.

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.

Is India Distancing Itself From Israel?

Is India Distancing Itself From Israel?

Rediff.com27 Dec 2023

India's voting pattern in the United Nations with regard to the Israel-Palestine conflict is lately marked by a calibrated distancing from Israel, observes Ambassador M K Bhadrakumar.

Google investing $10 billion in India's digitisation fund: Pichai tells PM Modi

Google investing $10 billion in India's digitisation fund: Pichai tells PM Modi

Rediff.com24 Jun 2023

Internet giant Google is investing $10 billion in India's digitisation fund, its CEO Sundar Pichai has told Prime Minister Narendra Modi, a step that will recognise India's leadership on fintech and will support small and large businesses in India, the US and around the world. Pichai met Prime Minister Modi in Washington on Friday and also announced the opening of Google's global fintech operation centre in the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. "It was an honour to meet Prime Minister Modi during the historic visit to the US. We shared with the Prime Minister that Google is investing $10 billion in India's digitisation fund," Pichai said.

How Meta Is Supersizing WhatsApp

How Meta Is Supersizing WhatsApp

Rediff.com11 Oct 2023

WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.

India has world's 3rd highest number of billionaires; Mukesh Ambani back as Asia's richest

India has world's 3rd highest number of billionaires; Mukesh Ambani back as Asia's richest

Rediff.com7 Apr 2021

India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.

Japan's Nikkei to buy FT Group for $1.3 bn

Japan's Nikkei to buy FT Group for $1.3 bn

Rediff.com23 Jul 2015

The deal did not include the FT Group's 50 per cent stake in The Economist magazine.

Rajan meets heads of central banks in Basel

Rajan meets heads of central banks in Basel

Rediff.com24 Jun 2016

Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.

'Acceptance of LGBTQIA+ is like Vande Bharat Express'

'Acceptance of LGBTQIA+ is like Vande Bharat Express'

Rediff.com18 Oct 2023

'As it happens in any society, when progress happens, hate also comes out.' 'There is always a bit of a risk and possibility of rejection, particularly by an orthodox section of society.'

India less prone to banking crises; risks higher for China

India less prone to banking crises; risks higher for China

Rediff.com20 Sep 2016

In the first quarter of 2016, India's credit-to-GDP gap stood at -2.9, the lowest among the BRIC group of nations

Why govt banks will not be privatised

Why govt banks will not be privatised

Rediff.com28 Mar 2018

'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'

India's unabated tryst with Russian crude oil is slowly coming to an end

India's unabated tryst with Russian crude oil is slowly coming to an end

Rediff.com2 May 2023

India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.

Qatar's Sheikh Jassim submits final bid for Manchester United

Qatar's Sheikh Jassim submits final bid for Manchester United

Rediff.com29 Apr 2023

In addition to offering a figure to buy the English Premier League soccer club, Sheikh Jassim's proposal also includes a plan for a further significant amount of additional capital and infrastructure investment, the source told Reuters, requesting anonymity because the matter is confidential.

Why Start-Ups Are Melting Down

Why Start-Ups Are Melting Down

Rediff.com13 Apr 2023

PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.

Rupee slides to all-time low of 82.30 against dollar

Rupee slides to all-time low of 82.30 against dollar

Rediff.com7 Oct 2022

The rupee depreciated further by 13 paise to hit a new life-time closing low of 82.30 against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and elevated crude oil prices sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 82.19, then fell further to 82.43. It finally settled at an all-time low of 82.30 against the American currency, registering a decline of 13 paise over its previous close.

'General Zia was real startled'

'General Zia was real startled'

Rediff.com21 Mar 2024

'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'

Experts urge caution on Tata group stocks

Experts urge caution on Tata group stocks

Rediff.com26 Oct 2016

Tata Steel and Tata Chemicals under investor watch

The Village of Heroes

The Village of Heroes

Rediff.com7 Jul 2023

The village in Maharashtra has continuously sent soldiers to the Army since World War I. Every other person you meet is a soldier or a retired soldier or is aspiring to be a soldier.

Government is playing poker with banks

Government is playing poker with banks

Rediff.com28 Jun 2018

'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.

Dubai exposure of banks in India at $537 mn

Dubai exposure of banks in India at $537 mn

Rediff.com23 Apr 2010

The government on Friday said that as many as seven banks in India, including SBI and ICICI Bank, had exposure worth $537 million in Dubai World and other group companies at the time of the Emirate's debt crisis in November 2009.

Anxiety among investors on reforms in India: WB

Anxiety among investors on reforms in India: WB

Rediff.com18 Apr 2013

A report on South Asian countries released by the World Bank on Wednesday said that India's continuing slowdown is broad- based across sectors.

Why SoftBank's Deep Nishar is bullish on Snapdeal

Why SoftBank's Deep Nishar is bullish on Snapdeal

Rediff.com16 Dec 2016

'Saying that Snapdeal is not doing well is beyond premature. Suggesting that someone has won or lost is myopic.'

Market Giving Sleepless Nights? Read This

Market Giving Sleepless Nights? Read This

Rediff.com30 Nov 2023

If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Rediff.com1 Feb 2024

The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.

Citadel Review: Spy Masala

Citadel Review: Spy Masala

Rediff.com26 May 2023

Citadel proves unworthy of Priyanka's splendour, Madden's intensity or veteran talents like Lesley Manville and Stanley Tucci squandered in banal parts, complains Sukanya Verma.