News for 'World Bank Group'

Yamuna at all-time high, Kejriwal sends SOS to Centre

Yamuna at all-time high, Kejriwal sends SOS to Centre

Rediff.com12 Jul 2023

Delhi Chief Minister Arvind Kejriwal on Wednesday urged the Centre to intervene to ensure that levels of the Yamuna, flowing at an all-time high of 207.55 metres, don't rise further.

When President Wanted To Get Rid Of Rajiv Gandhi

When President Wanted To Get Rid Of Rajiv Gandhi

Rediff.com26 Jul 2023

Gianiji had crafted his moves with the meticulous planning of a chess grandmaster. He did not know whether a checkmate was feasible, as his time was running out, but he wanted Rajiv Gandhi to smell the fear of loss. A fascinating excerpt from K C Singh's The Indian President: An Insider's Account of the Zail Singh Years.

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.

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.

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."

Funding winter hits start-up advertising spend across properties

Funding winter hits start-up advertising spend across properties

Rediff.com6 Aug 2022

A long and bitter funding winter in the start-up world is beginning to take its toll on start-up advertising across properties. Earlier this week, Mastercard replaced Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). But this is just one part of the story. The other side is that organisers of high-impact shows and events on Hindi general entertainment channels, too, are feeling the winter chill.

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.

'Khalistanis are a microscopic minority in Punjab'

'Khalistanis are a microscopic minority in Punjab'

Rediff.com4 Apr 2023

'The Khalistanis get bulk of the money from abroad.' 'Where did Amritpal's Mercedes come from, which costs well over Rs 60 lakhs?' 'Where does his fleet of vehicles come from?' 'Local Punjabis can certainly not contribute this kind of money.'

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).

India's Billionaire Club Shrinks....

India's Billionaire Club Shrinks....

Rediff.com5 Jan 2023

Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).

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.

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.

Chinese defence minister to visit India this week

Chinese defence minister to visit India this week

Rediff.com25 Apr 2023

China on Tuesday announced that its Defence Minister General Li Shangfu will visit India this week to attend the meeting of SCO defence ministers from April 27 during which he is expected to hold talks with his Indian counterpart Rajnath Singh on ending the prolonged eastern Ladakh standoff which has severely strained bilateral ties.

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.

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.

Barclays-ABN talk $160-billion merger

Barclays-ABN talk $160-billion merger

Rediff.com20 Mar 2007

British bank Barclays Plc could jump into the league of top three foreign banks in India from 13 at present if it succeeds in merging its Dutch rival ABN Amro with itself in a deal that could create a combined entity worth $160 billion.

India is 'dangerously close' to Hindu rate of growth: Raghuram Rajan

India is 'dangerously close' to Hindu rate of growth: Raghuram Rajan

Rediff.com5 Mar 2023

Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.

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.

31 MoUs signed on day one of Vibrant Gujarat Summit

31 MoUs signed on day one of Vibrant Gujarat Summit

Rediff.com11 Jan 2015

India Inc very keen to do business in Gujarat.

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.

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.

De-allocate 3 mines, chop bank guarantee of 4 blocks: IMG

De-allocate 3 mines, chop bank guarantee of 4 blocks: IMG

Rediff.com19 Sep 2012

The panel also recommended deduction of bank guarantee of four mines, including one given jointly to the world's largest steel producer ArcelorMittal and GVK Powers, an official statement said.

BRICS bank opens cooperation opportunities with S America: PM

BRICS bank opens cooperation opportunities with S America: PM

Rediff.com17 Jul 2014

Modi said South America has tremendous potential.

All you want to know about shadow banking

All you want to know about shadow banking

Rediff.com1 Sep 2014

In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.

Uber seeks to soothe frayed nerves after Grab deal

Uber seeks to soothe frayed nerves after Grab deal

Rediff.com28 Mar 2018

Quelling fears of a takeover by Ola, which is also funded by Uber's major investor SoftBank Group, the US-based cab aggregating giant made it clear that the company was not ceding its position in India, one of its core markets.

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.

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.

Why Videocon is applying for a banking licence

Why Videocon is applying for a banking licence

Rediff.com26 Jun 2013

We are serious about setting up a bank and use the parent branding that is a household name in India, says Venugopal Dhoot.

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".

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.

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.

Extinction Rebellion: Climate protests rock the world

Extinction Rebellion: Climate protests rock the world

Rediff.com11 Oct 2019

In the face of climate disaster, a new environmental movement by the name of Extinction Rebellion has risen up, and they will make sure you hear their plea -- 'To governments of the world: we declared a climate and ecological emergency. You did not do enough. To everybody else: rebel' The environmental group, which was founded in the United Kingdom, has planned a large coordinated movement -- called International Rebellion -- in more than 60 global cities. Demonstrators blocked roads and bridges leading to the Palace of Westminster in central London. They staged a "die-in" in Wellington, New Zealand. They obstructed a major roundabout in Berlin and splattered fake blood on Wall Street's "Charging Bull" sculpture. Here are some of the most powerful images from the movement.

A Little Kindness Is All We Need...

A Little Kindness Is All We Need...

Rediff.com27 Mar 2023

The beauty of kindness is that it can only be repaid with more kindness, notes Aarti David.

Tata Group has written down $2.2 bn under Mistry

Tata Group has written down $2.2 bn under Mistry

Rediff.com1 Sep 2014

Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.

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.

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."

Xi declares victory in eradicating poverty in China

Xi declares victory in eradicating poverty in China

Rediff.com25 Feb 2021

Xi said that all poor people in rural areas have been lifted out of poverty. With this, China has achieved the United Nations goal of poverty eradication 10 years ahead of the 2030 deadline, he said.

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.

Uday Kotak is EY's world entrepreneur of the year

Uday Kotak is EY's world entrepreneur of the year

Rediff.com9 Jun 2014

He becomes 2nd Indian to win this award; N R Narayana Murthy won it in 2003.