News for 'business-standard'

'If You Want To Invest Directly, Ensure...'

'If You Want To Invest Directly, Ensure...'

Rediff.com27 Aug 2024

'...you evaluate three key factors before committing your money.'

China Remains Jaishankar's Main Problem

China Remains Jaishankar's Main Problem

Rediff.com15 Jun 2024

'China is India's primary strategic challenge, which will not go away.

WazirX Breach: 'Recovering Stolen Crypto Is Hard'

WazirX Breach: 'Recovering Stolen Crypto Is Hard'

Rediff.com22 Jul 2024

'A lot of them are converted to other tokens, and since crypto is dealt with internationally, it can go to any exchange in any country.'

'SC ruling cause of concern for mining industry'

'SC ruling cause of concern for mining industry'

Rediff.com16 Aug 2024

'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'

'Imagine Dying Like This, And That Too In Delhi'

'Imagine Dying Like This, And That Too In Delhi'

Rediff.com29 Jul 2024

'They charge such high fees and offer us this safety. Our lives have become a mockery.'

Less Than 5% Of Candidates From Congress

Less Than 5% Of Candidates From Congress

Rediff.com10 May 2024

The Congress is contesting 328 seats in the ongoing elections -- the lowest since Independence.

LTIMindtree chief talks about the company's growth drivers

LTIMindtree chief talks about the company's growth drivers

Rediff.com28 Jul 2024

'We added a significant number of freshers in Q1. You will see a good number of hiring in Q2 as well.'

Informal entities in manufacturing lost 5.4 million jobs in 7 years

Informal entities in manufacturing lost 5.4 million jobs in 7 years

Rediff.com24 Jun 2024

Unincorporated enterprises in the manufacturing sector lost nearly 1.8 million establishments and shed 5.4 million jobs between July 2015-June 2016 and October 2022-September 2023, an analysis of the fact sheet on 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' and the comparable 73rd round survey in 2015-16 by the National Statistical Office (NSO) showed. An estimated 17.82 million unincorporated enterprises operated in the manufacturing sector in October 2022-September 2023, nearly 9.3 per cent down from 19.7 million unincorporated enterprises in July 2015- June 2016.

IT Firms Shift To Off-Campus Hiring

IT Firms Shift To Off-Campus Hiring

Rediff.com8 Aug 2024

'Both campuses and talent should brace for a low-velocity campus hiring season that might extend into the off-campus period.'

India Inc gives weakest performance on profit front in seven quarters

India Inc gives weakest performance on profit front in seven quarters

Rediff.com13 Aug 2024

India Inc has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues. An analysis of 488 companies that have released their results for the June 2024 quarter reveals a 1.6 per cent year-on-year (Y-o-Y) drop in combined net profit -- the weakest performance in the past seven quarters. In stark contrast, the combined net profit of these companies experienced a 13.6 per cent Y-o-Y increase in the previous quarter (Q4FY24) and a 65.2 per cent Y-o-Y rise in Q1FY24.

IAF To Get More Power With Gen-5 Fighter

IAF To Get More Power With Gen-5 Fighter

Rediff.com18 Jun 2024

In the event of a war with China, AMCA deep strikes would target China's rail and road links with Tibet, isolating PLA divisions there.

'Jobs Have Evolved, Skill Sets Haven't'

'Jobs Have Evolved, Skill Sets Haven't'

Rediff.com29 Aug 2024

'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'

India Inc awaits demand uptick to go on capex spree

India Inc awaits demand uptick to go on capex spree

Rediff.com1 Aug 2024

Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.

How Modi plans to tackle spiralling trade deficit with Russia

How Modi plans to tackle spiralling trade deficit with Russia

Rediff.com8 Jul 2024

India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.

Budget: Tax Treat For Salaried Class?

Budget: Tax Treat For Salaried Class?

Rediff.com28 Jun 2024

Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.

'Industry Has To Help Us'

'Industry Has To Help Us'

Rediff.com16 Aug 2024

'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'

'This Is An Andhra Pradesh-Bihar Budget'

'This Is An Andhra Pradesh-Bihar Budget'

Rediff.com24 Jul 2024

From the word go, Bihar growled its needs out when an MP from the state said aloud: "Give something for Bihar also, Madam." Every time the Budget mentioned cities and towns in Andhra Pradesh, "Kursi Bachao" was the call from Congress MPs.

Temasek likely to invest $10 billion in India in the next three years

Temasek likely to invest $10 billion in India in the next three years

Rediff.com16 Jul 2024

Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.

Adani, Tata eye bigger pie in Mumbai power distribution

Adani, Tata eye bigger pie in Mumbai power distribution

Rediff.com6 May 2024

As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.

Review Your Mutual Fund Portfolios!

Review Your Mutual Fund Portfolios!

Rediff.com19 Aug 2024

'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Rediff.com26 Jun 2024

The prospective bidders of Haldiram Snacks Foods (HSFPL), a leading food firm, have sought clarity on the ownership of the brand as it is currently owned by different family factions. The Delhi and Nagpur families have decided to merge their operations and formed a joint venture to sell part of their stake. On the other hand, the Kolkata family runs its separate, independent operations. Bankers said prospective bidders of the company do not want any confusion over the brand in future. They have sought clarity over usage of the brand.

Rural two-wheeler demand roars back to life in first half of 2024

Rural two-wheeler demand roars back to life in first half of 2024

Rediff.com22 Jul 2024

The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas. According to the Federation of Automobile Dealers Associations, rural contribution to two-wheeler sales surged by 57-60 per cent in the April-June quarter of 2024-25, indicating a rising demand in these regions. Experts believe that this trend will continue, supported by a favourable monsoon season and government initiatives aimed at rural development.

'You Can't Solely Rely On Electric Cars'

'You Can't Solely Rely On Electric Cars'

Rediff.com22 Jul 2024

'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'

Hero Electric, Benling barred from all EV incentive schemes

Hero Electric, Benling barred from all EV incentive schemes

Rediff.com29 May 2024

The Ministry of Heavy Industries (MHI) has debarred Hero Electric and Benling India, two defaulters under its flagship Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) scheme, from participating in any of its incentive programmes in future. This action follows the ministry's findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, senior officials told

'Payment banks' micro-lending to significantly impact economy'

'Payment banks' micro-lending to significantly impact economy'

Rediff.com12 Jun 2024

'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.'

India Inc revenue up, but profit grows at slowest pace in 6 quarters

India Inc revenue up, but profit grows at slowest pace in 6 quarters

Rediff.com21 May 2024

India Inc reported an uptick in revenue growth in the January-March quarter (Q4) of 2023-24 (FY24), but it came at the cost of a deceleration in earnings growth.

Sebi Cracks Whip At Finfluencers

Sebi Cracks Whip At Finfluencers

Rediff.com20 Jul 2024

Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.

'No question of bringing in an investor right now'

'No question of bringing in an investor right now'

Rediff.com24 Aug 2024

'We have got enough internal accruals, and we are able to do acquisitions on our own.'

What is going to be the main focus for HUL?

What is going to be the main focus for HUL?

Rediff.com19 May 2024

'Although currently, urban areas contribute more to growth than rural, there is no reason why rural areas should not contribute.'

'We want to build best housing finance company of future'

'We want to build best housing finance company of future'

Rediff.com13 Sep 2024

'Opportunity is there in each segment of the market. There is opportunity in affordable and specifically governed by government initiatives as well as for housing for all.'

MPS: FinMin may extend August deadline for PSBs, insurers

MPS: FinMin may extend August deadline for PSBs, insurers

Rediff.com10 Jun 2024

The finance ministry is in favour of extending the August deadline for public sector banks (PSBs) as well as insurance companies to increase their minimum public shareholding (MPS) to the mandated 25 per cent, said a senior government official. "The election results will determine the course of action. "Most likely, those who did not receive an extension to meet the minimum shareholding norm will be granted one," the senior government official said.

Russians Devise Ways To Outwit US, Help India

Russians Devise Ways To Outwit US, Help India

Rediff.com1 Mar 2024

Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.

Litchi Heats Up Election Season In Muzaffarpur

Litchi Heats Up Election Season In Muzaffarpur

Rediff.com19 May 2024

'The local support from our MP is nil. He never comes to see our farms.'

India Inc capital expenditure story gets cement to semiconductor push

India Inc capital expenditure story gets cement to semiconductor push

Rediff.com19 Apr 2024

Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.

'No need to panic on draft infra guidelines'

'No need to panic on draft infra guidelines'

Rediff.com24 May 2024

'It's a debatable topic, and we will submit our comments to the RBI by June 15.'

Will Anantnag See High Voter Turnout?

Will Anantnag See High Voter Turnout?

Rediff.com25 May 2024

'There is no link between Article 370 abrogation and a rise in voting percentage.'

Budget 2024: Real estate sector bats for revival of affordable housing

Budget 2024: Real estate sector bats for revival of affordable housing

Rediff.com29 Jun 2024

The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.

Priyanka's Entry To Boost Congress In South

Priyanka's Entry To Boost Congress In South

Rediff.com16 Jul 2024

Priyanka's victory seems assured, but the broader implications for Kerala's political landscape and South Indian politics remain to be seen.

India flagged concerns with Russia over non-tariff barriers: Commerce secy

India flagged concerns with Russia over non-tariff barriers: Commerce secy

Rediff.com16 Jul 2024

India has flagged concerns over non-tariff barriers (NTBs) faced by its exporters with the Russian government, commerce secretary Sunil Barthwal said on Monday. NTBs faced by Indian exporters are mainly in sectors such as marine products and pharmaceuticals.

'Housing finance Sector Will Only Grow'

'Housing finance Sector Will Only Grow'

Rediff.com18 Jun 2024

'The demand for housing is always increasing, and so is housing shortage.'