News for 'World Bank Group'

India Inc takes mental health to heart

India Inc takes mental health to heart

Rediff.com12 Dec 2022

Work-related stress can impact one's mental health. Which is why Saurabh Tiwari says he's fortunate that his company understands this and is doing whatever it can to help mitigate that stress. "My company provides opportunities according to my interest, and if anyone is feeling stressed or has additional workload, they can talk with their supervisor to resolve it," says the 31-year-old who's working from home for a Bengaluru-based IT firm. Not everyone's as lucky.

HDFC among world's top-10 consumer finance firms

HDFC among world's top-10 consumer finance firms

Rediff.com10 May 2015

It is ranked 7th on the list of world's top-10 consumer finance firms

G20 leaders vow to boost global GDP by over $2 trillion

G20 leaders vow to boost global GDP by over $2 trillion

Rediff.com16 Nov 2014

The statement said that the global economy is being held back by a shortfall in demand, while addressing supply constraints is key to lifting potential growth.

How the banking crisis will hit Indian economy

How the banking crisis will hit Indian economy

Rediff.com18 Jul 2016

A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.

Cruise flagged off by Modi stuck? IWAI says no

Cruise flagged off by Modi stuck? IWAI says no

Rediff.com16 Jan 2023

The cruise which was scheduled to dock at the shore for the tourists to visit Chirand, an archaeological site, got stuck because of water deficiency in the Ganges near the Doriganj area of the district.

India is world's most open, investment friendly economy: Modi @ Brics

India is world's most open, investment friendly economy: Modi @ Brics

Rediff.com14 Nov 2019

Noting that India has 'limitless possibilities and countless opportunities', Modi urged the BRICS business leaders to take advantage of them.

Sweden banking on Larsson's return

Sweden banking on Larsson's return

Rediff.com14 Jun 2004

Sweden are banking on the return of prolific striker Henrik Larsson to give them a winning start to their Euro 2004 Group C campaign against Bulgaria.

SA T20 Auctions: IPL teams spend big, Stubbs biggest buy

SA T20 Auctions: IPL teams spend big, Stubbs biggest buy

Rediff.com19 Sep 2022

Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.

Court humare kabze mein...: Shah on CBI, ED 'misuse'

Court humare kabze mein...: Shah on CBI, ED 'misuse'

Rediff.com14 Feb 2023

Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.

10 Indian CEOs among world's most-influential chief executives

10 Indian CEOs among world's most-influential chief executives

Rediff.com29 Jul 2019

Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Rediff.com5 May 2023

The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.

New tax regime will leave more money in the hands of the middle-class: FM

New tax regime will leave more money in the hands of the middle-class: FM

Rediff.com11 Feb 2023

Finance Minister Nirmala Sitharaman on Saturday said the new tax regime will benefit the middle class as it will leave more money in their hands. Talking to reporters after the customary post-Budget address to the central board of the RBI, she said it is not necessary to induce individuals to invest through government schemes but give them an opportunity to make a personal decision regarding investments. "...the way we allowed for standard deduction and also the rates which have been fixed, tax rates which have been fixed for different slabs, it has actually left more money in the hands of the people, the taxpayer, the household," she said.

Chat with the author who dared to expose the Sahara group!

Chat with the author who dared to expose the Sahara group!

Rediff.com6 Jun 2014

The journalist-turned author will be available for a live chat on rediff.com on Friday, June 6, 3 pm.

The India stack is unique in the world: Naspers CEO

The India stack is unique in the world: Naspers CEO

Rediff.com21 Sep 2018

Bob van Dijk, chief executive officer of Naspers, is now betting on companies in food tech, payments, travel and other consumer sectors to tap the potential of the Indian market.

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

Rediff.com24 Oct 2022

Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."

WC Preview: France out to end Messi's World Cup dreams

WC Preview: France out to end Messi's World Cup dreams

Rediff.com28 Jun 2018

After playing the most soporific game of the World Cup so far, France will feature in a seismic last-16 clash of former champions with a resurgent Argentina on Saturday, and they will have to drastically improve if they are to stop Lionel Messi.

Economist Kalpana Kochhar to retire from IMF in July

Economist Kalpana Kochhar to retire from IMF in July

Rediff.com2 Jun 2021

Indian economist Kalpana Kochhar, who heads the Human Resources Department of the International Monetary Fund, is leaving the organisation to join the Bill and Melinda Gates Foundation, the IMF announced on Wednesday. Kochhar, who served in various senior positions during her three decades at the IMF, will retire on July 30, it said.

Lifting the veil on high priests of globalization

Lifting the veil on high priests of globalization

Rediff.com19 Apr 2011

Bilderberg, which has been called the high priests of glabalization, is accused of running a shadowy global government.

SBI's merger plan may lead to a banking meltdown

SBI's merger plan may lead to a banking meltdown

Rediff.com5 Oct 2016

'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'

Coronavirus to shave $50 bn off global exports in Feb

Coronavirus to shave $50 bn off global exports in Feb

Rediff.com5 Mar 2020

UN economists announced a likely USD 50 billion drop in the worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by the novel coronavirus (COVID-19) moved further into focus. Citing the China Manufacturing Purchasing Manager's Index (PMI), Pamela Coke-Hamilton, who heads UNCTAD's Division on International Trade and Commodities, said that it had fallen to 37.5 -- a drop of about 20 points -- the lowest reading since 2004. "This also correlates directly to exports and also implies a two per cent drop in overall exports," she said, with a resulting "ripple effect" worldwide "to the tune of a USD 50 billion fall in exports."

Pak puts more curbs on Hafiz Saeed, Masood Azhar, Dawood Ibrahim

Pak puts more curbs on Hafiz Saeed, Masood Azhar, Dawood Ibrahim

Rediff.com22 Aug 2020

Seeking to wriggle out of the FATF's grey list, Pakistan has imposed tough financial sanctions on 88 banned terror groups and their leaders, including Hafiz Saeed, Masood Azhar and Dawood Ibrahim, by ordering the seizure of all of their properties and freezing of bank accounts, a media report said.

India to grow at over 7% in FY23, says CEA

India to grow at over 7% in FY23, says CEA

Rediff.com20 Sep 2022

Chief economic advisor V Anantha Nageswaran on Tuesday said Indian economy will grow at over 7 per cent, down from above 8 per cent of growth rate projected in January. He, however, said that the economic momentum and the animal spirits are "unmistakable". "India's own growth rates have come off the projections made in January down to about 7-plus per cent for the current financial year," Nageswaran said speaking at Global Fintech Fest event in Mumbai.

BRICS has adopted a counter-terrorism plan: Modi

BRICS has adopted a counter-terrorism plan: Modi

Rediff.com9 Sep 2021

Asserting that it is for the first time that BRICS has taken a collective position on strengthening and reforming multilateral systems, Prime Minister Narendra Modi said, "We have to ensure that BRICS is more productive in the next 15 years".

Rescue plan for Sahara in doubt as Spanish bank denies loan

Rescue plan for Sahara in doubt as Spanish bank denies loan

Rediff.com25 Mar 2015

Spanish bank denies credit line to bail Sahara boss.

Canada bans World Tamil Movement

Canada bans World Tamil Movement

Rediff.com18 Jun 2008

Citing terror threats from the outfit, Canada has banned the World Tamil Movement and freezed its assets. Two months ago, the federal police sought court nod to seize the WTM's bank accounts.

Do you know what impact investing is?

Do you know what impact investing is?

Rediff.com10 Jun 2019

'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.

SBI in 'Hall of Shame' of banks funding cluster bomb makers

SBI in 'Hall of Shame' of banks funding cluster bomb makers

Rediff.com19 Jun 2016

The maximum number of banks are from the US (74), followed by China (29) and South Korea (26).

Govt likely to wait until ceasefire to announce Russia payments deal

Govt likely to wait until ceasefire to announce Russia payments deal

Rediff.com18 Apr 2022

The Centre is unlikely to announce an agreement over payment mechanism with Russia until a ceasefire is declared in the Ukraine war, said people in the know. An inter-ministerial group headed by the finance ministry has been meeting regularly for over a month to analyse and discuss payment mechanisms that can work under the current circumstances and ensure the trade between India and Russia is not disrupted. The US had recently said that there would be consequences for countries actively attempting to "circumvent or backfill" American sanctions against Russia.

Pak continues to remain in FATF 'Grey List' over LeT, JeM funding

Pak continues to remain in FATF 'Grey List' over LeT, JeM funding

Rediff.com25 Jun 2020

"The FATF plenary decided continuation of Pakistan in 'Grey List' till its next meeting to be held in October," an official privy to the development told PTI.

Shell seeks waiver of bank guarantee norm

Shell seeks waiver of bank guarantee norm

Rediff.com1 Apr 2003

Royal Dutch/Shell, the world's third largest oil and gas group, has sought waiver of the Rs 500 crore (Rs 5 billion) bank guarantee norm for grant of licence to sell petrol and diesel.

China listening, Jaishankar brings up territorial integrity at BRICS online meet

China listening, Jaishankar brings up territorial integrity at BRICS online meet

Rediff.com1 Jun 2021

The five-nation grouping BRICS on Tuesday resolved to combat terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and vowed to step up joint efforts in building support for an India-backed global framework to effectively deal with the menace.

Mukesh Ambani is the world's 10th richest man!

Mukesh Ambani is the world's 10th richest man!

Rediff.com27 Feb 2019

Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.

DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

Rediff.com17 May 2016

The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.

Terror financing watchdog decides to keep Pak in 'Grey' list

Terror financing watchdog decides to keep Pak in 'Grey' list

Rediff.com22 Jun 2019

The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.

Will Ambani-Adani's Dominance Fade Away?

Will Ambani-Adani's Dominance Fade Away?

Rediff.com26 Nov 2021

It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.

What makes Essar steel sector's comeback kid

What makes Essar steel sector's comeback kid

Rediff.com21 Jun 2022

Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.

PICS: Bayern oust Barca; Liverpool, Porto, Inter advance

PICS: Bayern oust Barca; Liverpool, Porto, Inter advance

Rediff.com27 Oct 2022

A round-up of Wednesday's action in the UEFA Champions League.

'If we want to fly some kites, we can fly them in different ways'

'If we want to fly some kites, we can fly them in different ways'

Rediff.com10 Feb 2023

'... and without necessarily calling them Economic Surveys.' 'One should stick to the main focus, which is to give people a good perspective on how the economy is doing.'

Fearing defaults, banks rein in credit to jewellery firms

Fearing defaults, banks rein in credit to jewellery firms

Rediff.com16 Jan 2015

It was unclear how bankers were deciding which jewellers to support

FIFA scandal: Banks did not do enough, says global agency

FIFA scandal: Banks did not do enough, says global agency

Rediff.com22 Jun 2015

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer's global governing body FIFA.