News for 'World Bank Group'

PIX: France down Ireland; Dutch overcome 10-man Gibraltar

PIX: France down Ireland; Dutch overcome 10-man Gibraltar

Rediff.com28 Mar 2023

France defender Benjamin Pavard made a spectacular comeback to the team as his superb second-half strike saw them beat Ireland 1-0 away in Euro 2024 qualifying Group B match.

FPIs' investment value in Indian equities drops 11% to $584 billion

FPIs' investment value in Indian equities drops 11% to $584 billion

Rediff.com20 Feb 2023

The value of foreign portfolio investors' (FPI) holdings in the domestic equities reached $584 billion at the end of December 2022, which was 11 per cent lower from preceding year, according to a Morningstar report. This was largely on low return given by the Indian equities and exodus of foreign money from the domestic stock market. Going by the report, the value of FPIs investments in Indian equities dropped to $584 billion as of December 2022 as compared to $654 billion at the end of December 2021.

ICICI group to train 1 lakh youth by 2017: Kochhar

ICICI group to train 1 lakh youth by 2017: Kochhar

Rediff.com15 Jul 2016

Chanda Kochhar said a large section of youth, mainly underprivileged have little access to training that can increase their employability.

Shoppers need not stop: Dynamics of in-store payments is being rewritten

Shoppers need not stop: Dynamics of in-store payments is being rewritten

Rediff.com12 Jun 2023

In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.

Son of former Qatari PM bids for Manchester United

Son of former Qatari PM bids for Manchester United

Rediff.com18 Feb 2023

A deal for United is expected to shatter records for the sale of a sports business. The club's current majority owners, the Glazer family, are seeking a valuation as high as 7 billion pounds ($8.42 billion).

Modiji: Privatise Banks Now!

Modiji: Privatise Banks Now!

Rediff.com12 Mar 2018

'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.' 'There is no example of this more stark than bank nationalisation,' says Shekhar Gupta.

Swiss move on taxes to help developing nations

Swiss move on taxes to help developing nations

Rediff.com24 Oct 2013

Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.

Top 100 Indian firms create Rs 92.2 lakh cr wealth during FY17-22

Top 100 Indian firms create Rs 92.2 lakh cr wealth during FY17-22

Rediff.com8 Dec 2022

Two Adani group companies -- Adani Enterprises and Adani Transmission -- have uprooted the traditional leader Reliance Industries in annual wealth creation in 2022 so far, while the top 100 of them created a massive Rs 92.2 lakh crore of wealth, according to a report. However, Reliance Industries has smashed all records to emerge as the largest wealth creator during the five-year period ending March 2022, says the leading brokerage Motilal Oswal in its 27th annual wealth creation study. The Gautam Adani group companies have been rallying to dizzying heights in the year as the group snapped up many assets and diversified into newer areas.

Govt enlists measures to improve ease of doing business

Govt enlists measures to improve ease of doing business

Rediff.com16 Aug 2014

Govt unveils reforms that cuts down time and bureaucracy.

'Global Slowdown Would Be Positive For India'

'Global Slowdown Would Be Positive For India'

Rediff.com6 Oct 2022

'If you look at the order books of capital equipment companies or money deployed on the ground, there is forward movement in terms of actual investment by the private sector.'

Global forex probe ensnares a dozen large banks

Global forex probe ensnares a dozen large banks

Rediff.com10 Nov 2013

These include Goldman Sachs, HSBC, UBS, Deutsche Bank, Barclays, RBS, Citigroup and JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations.

Why Aussie keeper Ryan hopes his World Cup bills keep on rising

Why Aussie keeper Ryan hopes his World Cup bills keep on rising

Rediff.com25 Jun 2018

Mathew Ryan asked his family if anyone wanted to come and watch him play in the World Cup in Russia, there was an enthusiastic response - from 27 of them.

Alibaba breaks records, IPO ranked world's biggest

Alibaba breaks records, IPO ranked world's biggest

Rediff.com22 Sep 2014

Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.

Lanka protesters surround PM Mahinda's residence

Lanka protesters surround PM Mahinda's residence

Rediff.com24 Apr 2022

Thousands of Inter University Students' Federation (IUSF) students were seen sloganeering outside the Prime Minister's Residence in Wijerama Mawatha.

'Keep booking profits when market makes fresh highs'

'Keep booking profits when market makes fresh highs'

Rediff.com4 Jan 2023

'We suggest investors with suitable risk appetite to consider allocating 40-50 per cent in large-caps, 25-30 per cent of funds in quality mid and small-caps and the rest in debt and high yield products.'

Police find Nitin Desai's voice notes critical of creditor firm

Police find Nitin Desai's voice notes critical of creditor firm

Rediff.com3 Aug 2023

In one of these clips or voice notes, he is heard stating that his company could not come out of the financial crisis it was facing because of the procedure adopted by the financial services firm.

MPC to start 3-day meet on Wed, another rate hike likely

MPC to start 3-day meet on Wed, another rate hike likely

Rediff.com27 Sep 2022

The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.

Coming Soon: Cibil-Like Rating For Drivers

Coming Soon: Cibil-Like Rating For Drivers

Rediff.com27 Feb 2023

The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa.

The People Have Spoken!

The People Have Spoken!

Rediff.com11 Dec 2023

Religion matters. Aspirational India is still poor. India admires strong leaders. India values decency. Shreekant Sambrani highlights the reasons why the BJP pulled off improbable victories in the Hindi heartland.

FTX Failure: Lessons To Be Learnt

FTX Failure: Lessons To Be Learnt

Rediff.com16 Dec 2022

Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.

Revealed: 6-point plan to revive TN economy

Revealed: 6-point plan to revive TN economy

Rediff.com7 Sep 2020

The Palaniswami government is expected to utilise the Rangarajan Committee's recommendations before the 2021 assembly election.

Why banks will have fewer branches

Why banks will have fewer branches

Rediff.com19 May 2017

'With technology advancing rapidly, the need for branches is declining.'

Hinduja Group expanding in defence sector in big way: Gopi

Hinduja Group expanding in defence sector in big way: Gopi

Rediff.com29 Mar 2015

Hinduja Group expanding in defence sector in big way: Gopi

Anshu Jain resigns as Deutsche Bank co-CEO: Report

Anshu Jain resigns as Deutsche Bank co-CEO: Report

Rediff.com6 Jul 2015

Jain, who, landed the top spot at Deutsche in 2012, had to resign following criticism from investors

13 Indian banks lost out about 40 mn pounds in Force India sale: bidder

13 Indian banks lost out about 40 mn pounds in Force India sale: bidder

Rediff.com30 Sep 2018

Russian fertiliser group Uralkali said that by turning down its higher bid for the company, the administrators had denied the extra funds that would have accrued to the shareholder of Force India - Mallya's Orange India Holdings Sarl - which is subject to a freezing order issued by the UK's High Court in favour of his 13 creditor Indian banks, led by the State Bank of India.

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Rediff.com26 Apr 2022

Thousands of demonstrators have hit the streets since April 9, as the government ran out of money for vital imports; prices of essential commodities have skyrocketed and there are acute shortages in fuel, medicines and electricity supply.

Gita Gopinath to quit as IMF chief economist, return to Harvard

Gita Gopinath to quit as IMF chief economist, return to Harvard

Rediff.com20 Oct 2021

IMF's Chief Economist Gita Gopinath will leave her job in January next year and return to the prestigious Harvard University, according to the global financial institution.

How F C Kohli and TCS conquered the world

How F C Kohli and TCS conquered the world

Rediff.com7 Dec 2020

Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.

Pak to remain in FATF's 'Grey List' till Feb 2020: Reports

Pak to remain in FATF's 'Grey List' till Feb 2020: Reports

Rediff.com16 Oct 2019

The anti-terror watchdog has decided to give respite of four months to Pakistan to help her implement remaining recommendations of the task force.

Huge difference between pre- and post-2014 India, Modi tells diaspora in Bali

Huge difference between pre- and post-2014 India, Modi tells diaspora in Bali

Rediff.com15 Nov 2022

Prime Minister Narendra Modi on Tuesday asserted that there is a "huge difference" between pre- and post-2014 India, saying the country is now moving ahead at an "unprecedented speed and scale" as he showcased the achievements of his term in power to the Indian diaspora in Indonesia.

World T20: India bank on spin to blunt West Indian weapons

World T20: India bank on spin to blunt West Indian weapons

Rediff.com30 Mar 2016

The second World Twenty20 semi-final is likely to hinge on who emerges on top in the battle between the big-hitting West Indian batsmen and India's wily spinners when the former champions clash at the Wankhede Stadium on Thursday.

Facebook's parent Meta to fire another 10,000 people

Facebook's parent Meta to fire another 10,000 people

Rediff.com14 Mar 2023

Facebook's parent company Meta announced on Tuesday it will fire another 10,000 people, implementing a second round of jobs cuts after it slashed 11,000 positions in November last year, to improve its financial performance in a "difficult environment". Meta founder Mark Zuckerberg said in a post that overall "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired." The company has said that in its "Year of Efficiency", the company aims to make itself "a better technology company and to improve our financial performance in a difficult environment so we can execute our long-term vision."

Son-in-law rises in the Max Group

Son-in-law rises in the Max Group

Rediff.com17 Aug 2016

Sahil Vachani fuels Analjit Singh's new business initiatives

India to crack down on savings scams as Modi backs banking for all

India to crack down on savings scams as Modi backs banking for all

Rediff.com30 May 2016

India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.

Russia 2018 FIFA World Cup: 12 venues, 11 cities

Russia 2018 FIFA World Cup: 12 venues, 11 cities

Rediff.com30 Nov 2017

Russia will host the 2018 World Cup finals in 12 venues spread across 11 cities.

WPL: Beginning of new dawn for India's Gen-Next

WPL: Beginning of new dawn for India's Gen-Next

Rediff.com3 Mar 2023

The stage is set for the inaugural edition of the Women's Premier League, which will get underway in Mumbai on Saturday.

Stokes on how England bounced back after shock Ireland loss

Stokes on how England bounced back after shock Ireland loss

Rediff.com13 Nov 2022

The shock loss to Ireland did hurt but the players moved on quickly from that 'little blip' to focus on the road ahead, said star England all-rounder Ben Stokes.

World Cup fans try to keep cool in Russia's south

World Cup fans try to keep cool in Russia's south

Rediff.com27 Jun 2018

Supporters will be offered free water and paper caps and fans to help them keep cool, officials said.

Istanbul: Memories And The City

Istanbul: Memories And The City

Rediff.com18 Jul 2023

The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.

'The sooner we junk the rhetoric of freebies, the better'

'The sooner we junk the rhetoric of freebies, the better'

Rediff.com1 Sep 2022

'Welfare schemes are not a necessary evil, they are a necessary good.'