News for 'chief development officer'

OpenAI Plans for India Data Center

OpenAI Plans for India Data Center

Rediff.com21 Feb 2025

'It may take some time for them to get down to the details, such as the location and capacity.'

Viral outbreak at Surat schools, 150 students ill

Viral outbreak at Surat schools, 150 students ill

Rediff.com9 Feb 2025

As many as 150 students of three government residential schools located within one campus in Gujarat's Surat district suffered from a viral infection and 18 of them, all girls, were hospitalised with fever, officials said Sunday.

Rolls-Royce to Double Sourcing from India in 5 Years

Rolls-Royce to Double Sourcing from India in 5 Years

Rediff.com10 Feb 2025

Aerospace major Rolls-Royce has announced its intention to double its supply chain sourcing from India over the next five years. The company plans to increase sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines, and gas turbine engines to grow its presence and participation in India's defense sector. Rolls-Royce currently sources a wide range of high-precision parts and engine components from Indian partners for its civil aerospace, defense, and power systems businesses. The company highlights India's emergence as a preferred global sourcing hub and emphasizes its commitment to strengthening partnerships with both existing and potential Indian suppliers to develop capabilities for manufacturing complex engine components locally for global markets. Rolls-Royce highlights its established ecosystem of strategic partnerships, skilled talent, engineering and digital capabilities, service delivery, supply chain, and manufacturing in India, along with a history of successful technology transfer for licensed production of various engines in the defense domain. The company believes that strengthening the supply chain and enhancing ecosystem capabilities will pave the way for future co-production opportunities, supporting India's vision of becoming a self-reliant defense powerhouse. Rolls-Royce emphasizes its commitment to serving the needs of India's armed forces and its focus on participating in co-development opportunities for critical combat engine technologies.

Exiting Markets Now Could Cost You

Exiting Markets Now Could Cost You

Rediff.com21 Apr 2025

Investors should avoid making drastic changes to their asset allocation during a market correction.

Revenue up, but TaMo profit down 51%

Revenue up, but TaMo profit down 51%

Rediff.com14 May 2025

Automotive (auto) major Tata Motors posted a 51 per cent drop in consolidated net profit for the January-March quarter (Q4) of 2024-25 (FY25), to Rs 8,470 crore, due to a deferred tax asset of almost Rs 9,000 crore in the corresponding quarter of the previous financial year and an exceptional item of Rs 566 crore during the quarter. Revenue was up just 0.5 per cent year-on-year (Y-o-Y) at Rs 1.18 trillion for Q4FY25.

BJP storms to power in Delhi after 26 yrs as AAP bites dust

BJP storms to power in Delhi after 26 yrs as AAP bites dust

Rediff.com8 Feb 2025

The Bharatiya Janata Party on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign and Prime Minister Narendra Modi's 'AAP-da'(disaster) blitzkrieg.

Gyanesh Kumar appointed as next CEC

Gyanesh Kumar appointed as next CEC

Rediff.com18 Feb 2025

Gyanesh Kumar, a 1988-batch Kerala Cadre IAS officer, has been appointed as the next Chief Election Commissioner (CEC) of India. Kumar, who was previously an Election Commissioner, will serve until January 26, 2029. His appointment comes amidst controversy as the Congress party demanded the government defer its decision until the Supreme Court concludes its hearing on a petition challenging the composition of the selection panel. Kumar's tenure will see him oversee several state assembly elections, including Bihar, Kerala, Puducherry, Tamil Nadu, and West Bengal.

BJP picks first-time MLA Rekha Gupta as new Delhi CM

BJP picks first-time MLA Rekha Gupta as new Delhi CM

Rediff.com20 Feb 2025

First-time MLA Rekha Gupta will be the new chief minister of Delhi, capping 11 days of suspense over who will get the top post after the Bharatiya Janata Party returned to power after over 26 years ending the 10-year rule of the Arvind Kejriwal-led Aam Aadmi Party.

The North-South Battle Gets Ugly

The North-South Battle Gets Ugly

Rediff.com20 Mar 2025

With its age-old fascination for education, southern states have done better than the North. Start-ups, IT hubs, and industry majors setting up shop have changed the face of the South. Nearly 79% of global offices set up by international conglomerates in India are in the South. Almost 46% of tech unicorns are from the South. The GDP per person in the South is 4.2 times higher than the North. None of these indicators can be ignored by any central government, whatever the political compulsions, notes Ramesh Menon.

NIA focuses Rana probe on Lashkar link; may take him to key locations

NIA focuses Rana probe on Lashkar link; may take him to key locations

Rediff.com11 Apr 2025

The National Investigation Agency (NIA) has begun questioning Tahawwur Hussain Rana, the mastermind behind the 2008 Mumbai terror attacks, to uncover the larger conspiracy behind the deadly strikes. Rana, who was extradited from the US, is being held at the NIA headquarters in New Delhi. The interrogation is focused on his possible connection with the Lashkar-e-Taiba (LeT) and his suspected links with the Pakistani spy agency Inter-Services Intelligence (ISI).

Rahul wears white t-shirt becasue he hates...: Union minister

Rahul wears white t-shirt becasue he hates...: Union minister

Rediff.com7 Apr 2025

Rahul Gandhi has urged the youth of Bihar to join him in the march in Begusarai wearing "white T-shirts".

Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million

Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million

Rediff.com17 Mar 2025

Zetwerk Manufacturing, a $3.1 billion company in the contract manufacturing space, is planning to come up with an initial public offering within the next 15-24 months, a top company executive said on Saturday. The Bengaluru-based company aims to raise at least $500 million, targeting a valuation of around $5 billion.

For Now DIIs In Driver's Seat...

For Now DIIs In Driver's Seat...

Rediff.com16 May 2025

The interplay between domestic and foreign capital will shape India's equity markets.

Jio inks pact with Elon Musk's SpaceX to offer Starlink services in India

Jio inks pact with Elon Musk's SpaceX to offer Starlink services in India

Rediff.com12 Mar 2025

The Reliance Industries' digital services company Jio Platforms Limited has signed an agreement with SpaceX to offer Starlink's broadband internet services to its customers in India, the company said on Wednesday. The agreement is subject to SpaceX receiving authorisation to sell Starlink in India. The development came a day after Jio's rival Bharti Airtel signed a similar pact with SpaceX.

WPL can do for women what IPL has for male cricketers: Mandhana

WPL can do for women what IPL has for male cricketers: Mandhana

Rediff.com3 Feb 2025

Mandhana had led RCB to the WPL triumph last year, the team's first title in franchise cricket.

'Smuggler' Kannada actress earned Rs 12 lakh for each Dubai trip

'Smuggler' Kannada actress earned Rs 12 lakh for each Dubai trip

Rediff.com6 Mar 2025

Kannada actress Ranya Rao's frequent trips to Dubai have come under intense scrutiny following her arrest for allegedly smuggling gold into India.

World urges India and Pakistan to 'exercise restraint'

World urges India and Pakistan to 'exercise restraint'

Rediff.com7 May 2025

World leaders, including the UN Secretary-General and US President Donald Trump, have urged India and Pakistan to exercise restraint and seek peaceful solutions to the ongoing tensions. The calls for calm come after India conducted airstrikes in Pakistan-occupied Kashmir in response to a recent terrorist attack. Leaders from the US, Russia, UK, China, UAE, Qatar, and Japan have expressed concern over the escalating situation and emphasized the need for dialogue and de-escalation.

New CEC who played key role in Art 370 abrogation, Ram temple trust

New CEC who played key role in Art 370 abrogation, Ram temple trust

Rediff.com18 Feb 2025

Kumar, who played a key role in implementing decisions following the abrogation of Article 370 of the Constitution in Jammu and Kashmir during his stint in the Union home ministry, took charge as an election commissioner on March 15, 2024.

Rekha Gupta takes charge of Delhi after grand swearing-in

Rekha Gupta takes charge of Delhi after grand swearing-in

Rediff.com20 Feb 2025

Debutant legislator Rekha Gupta was sworn in as Delhi chief minister along with six ministers on Thursday in a grand show of strength full of colour and spectacle to mark the Bharatiya Janata Party's return to power in the city after more than 26 years.

Should depositors put money in co-operative banks?

Should depositors put money in co-operative banks?

Rediff.com18 Feb 2025

The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay Seth on Monday. "Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise.

Can't accept, but ...: Mamata on SC verdict on school jobs

Can't accept, but ...: Mamata on SC verdict on school jobs

Rediff.com4 Apr 2025

West Bengal Chief Minister Mamata Banerjee has defended her support for teachers who were dismissed following a Supreme Court verdict, accusing the BJP and CPI(M) of "hatching a conspiracy" to influence the ruling. She dared the BJP to arrest her for supporting the affected candidates, while asserting that her government will abide by the verdict but explore all legal options. The development has triggered political reactions with the BJP demanding Banerjee's resignation, while the CPI(M) expressed concern over the impact on the education system. Banerjee also criticized the BJP's handling of the Vyapam scam in Madhya Pradesh, drawing parallels to the school jobs scam in West Bengal.

Yogi rewards 75K cops with Rs 10K bonus, leave for Kumbh service

Yogi rewards 75K cops with Rs 10K bonus, leave for Kumbh service

Rediff.com28 Feb 2025

The Uttar Pradesh government has announced a special Rs 10,000 bonus and the 'Maha Kumbh Seva Medal' for 75,000 police personnel who served during the Maha Kumbh in Prayagraj. Chief Minister Yogi Adityanath praised the police force's efforts in managing the grand religious event, highlighting the event's economic impact and the transformation of the UP Police into a "Mitra Police." He also emphasized the state government's commitment to police welfare and infrastructure development, citing increased recruitment and budget allocation.

SC proposes to stay key provisions of Waqf Act, govt opposes

SC proposes to stay key provisions of Waqf Act, govt opposes

Rediff.com16 Apr 2025

The Supreme Court of India began hearing a batch of petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025. The bench, led by Chief Justice Sanjiv Khanna, asked both sides to address whether the court should entertain the petitions or relegate them to the high court. The hearing is underway with senior advocate Kapil Sibal arguing for the petitioners. The act, which was passed by Parliament following heated debates, has been challenged by various parties including AIMIM leader Asaduddin Owaisi, All India Muslim Personal Law Board (AIMPLB), and Jamiat Ulama-i-Hind.

Obviously some ministers are unhappy with portfolios: Ajit Pawar

Obviously some ministers are unhappy with portfolios: Ajit Pawar

Rediff.com22 Dec 2024

Maharashtra Deputy Chief Minister Ajit Pawar acknowledged that some ministers are unhappy with the portfolios assigned to them in the new cabinet, which includes a high number of ministers. Pawar said that the work on pending projects will begin soon after the ministers take charge of their respective ministries. The budget session of the Maharashtra legislature will commence on March 3.

Long-pending electoral cases fuel distrust, says outgoing CEC

Long-pending electoral cases fuel distrust, says outgoing CEC

Rediff.com17 Feb 2025

Outgoing Chief Election Commissioner Rajiv Kumar has expressed concerns about long-pending cases questioning electoral processes, arguing they fuel distrust and should be scheduled with consideration for election periods. He also advocated for enhanced transparency in political promises, with clear disclosures on financial viability and impact on state finances. Kumar further stressed the need for a totaliser system to maintain polling station-wise voting confidentiality and urged the empowerment of NRIs to vote remotely. He highlighted the potential of biometric authentication and technology to address issues like impersonation and multiple voting.

Biren Singh resigns as Manipur CM, assembly session scrapped

Biren Singh resigns as Manipur CM, assembly session scrapped

Rediff.com9 Feb 2025

Amidst rumblings within the state Bharatiya Janata Party seeking a change of leadership in strife-torn Manipur, Chief Minister N Biren Singh on Sunday tendered his resignation to Governor Ajay Kumar Bhalla at the Raj Bhavan in Imphal.

No southern state, including TN, will lose LS seats: Shah

No southern state, including TN, will lose LS seats: Shah

Rediff.com26 Feb 2025

Union Home Minister Amit Shah has refuted claims made by Tamil Nadu Chief Minister M K Stalin regarding fund allocation and delimitation, accusing him of spreading misinformation and engaging in diversionary tactics. Shah asserted that the Modi government has provided significant financial support to Tamil Nadu and denied claims of any reduction in Parliamentary representation for the state following delimitation. He also criticized the DMK government's handling of law and order, citing issues such as drug trafficking and corruption. Shah expressed confidence in the BJP's prospects in the upcoming Assembly elections, predicting a larger victory than in Maharashtra and Haryana.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

LG orders probe against AAP's 'Mahila Samman' scheme

LG orders probe against AAP's 'Mahila Samman' scheme

Rediff.com28 Dec 2024

Delhi Lt Governor V K Saxena has ordered an inquiry against private persons allegedly gathering personal details of women in the name of Mahila Samman Yojana, his office said on Saturday.

Mohanlal quits as AMMA chief amid #MeToo storm in Mollywood

Mohanlal quits as AMMA chief amid #MeToo storm in Mollywood

Rediff.com27 Aug 2024

The new administrative panel would be elected within two months after convening a general body meeting, it said.

This will Likely Shape the Future of Pharma Inc

This will Likely Shape the Future of Pharma Inc

Rediff.com8 Mar 2025

Indian pharmaceutical companies may have units abroad as part of "distributed manufacturing" across various locations, according to industry veterans. This may come about over the next five to 10 years.

Flying out of Delhi could soon get very expensive!

Flying out of Delhi could soon get very expensive!

Rediff.com27 Feb 2025

GMR Group-led DIAL, which manages and operates India's largest airport, recently requested the AERA to double the user development fee (UDF) for international business and first-class travellers compared to economy and premium economy over the next four years. It has also sought higher UDF for all domestic passengers flying during peak hours -- 5 am-8:55 am and 5 pm-8:55 pm.

Beed sarpanch murder: Dhananjay Munde offers to resign

Beed sarpanch murder: Dhananjay Munde offers to resign

Rediff.com29 Jan 2025

Amid opposition call for his resignation over the Beed sarpanch murder case, Maharashtra minister Dhananjay Munde on Wednesday said he is ready to quit if asked by Chief Minister Devendra Fadnavis or deputy CM Ajit Pawar.

Will legal battle against LG continue after BJP win in Delhi?

Will legal battle against LG continue after BJP win in Delhi?

Rediff.com8 Feb 2025

The Delhi government is embroiled in multiple litigations with the Lieutenant Governor in the Supreme Court including its plea challenging the Centre's law establishing pre-eminence of the LG over the elected dispensation in controlling services in the national capital.

India's next big business op: Hub for undersea cables?

India's next big business op: Hub for undersea cables?

Rediff.com2 Apr 2025

While India has become the largest data generating nation, and hosts more than 152 data centres, it is fed by only 18 undersea cables.

Gold prices can rise 13% in 18 months to hit $3500 an ounce: BofA Securities

Gold prices can rise 13% in 18 months to hit $3500 an ounce: BofA Securities

Rediff.com2 Apr 2025

Gold prices could hit the $3500 an ounce (oz) mark in the next 18 months - up around 13 per cent from the current levels - given the global uncertainties and aided by investment demand, said analysts at BofA Securities in a recent note. Uncertainty around Trump Administration trade policies, BofA said, could continue to push the US dollar (USD) lower, further supporting gold prices near-term.

Assam CM may order SIT probe into 'Pak links' of Gogoi's wife

Assam CM may order SIT probe into 'Pak links' of Gogoi's wife

Rediff.com15 Feb 2025

Assam Chief Minister Himanta Biswa Sarma has ordered a Special Investigation Team (SIT) probe into allegations of Pakistan links of Congress MP Gaurav Gogoi's British wife Elizabeth Colburn. Sarma alleged that Colburn had visited Pakistan after her marriage and that there are apprehensions of ISI infiltration into the Chief Minister's Office when Gogoi's father, the late Tarun Gogoi, was the chief minister. Sarma also shared screenshots of social media posts by Ali Tauqeer Sheikh, an advisor of the Pakistan Planning Commission and a former colleague of Colburn, claiming that the relationship between the Gogois and Sheikh appeared to be "deeply rooted." Sarma's allegations have been rejected by the Congress as "laughable and entertaining."

Who will succeed Biren Singh as Manipur CM?

Who will succeed Biren Singh as Manipur CM?

Rediff.com10 Feb 2025

Manipur Chief Minister N Biren Singh resigned on Sunday, following months of ethnic violence in the state. BJP leaders have begun closed-door meetings to decide the next course of action. The opposition welcomed Singh's resignation, while the BJP hopes the move will help restore peace in the region.

Sena may not get home portfolio, Fadnavis flies to Delhi

Sena may not get home portfolio, Fadnavis flies to Delhi

Rediff.com11 Dec 2024

The cabinet expansion of the Devendra Fadnavis-led Maharashtra government is likely to take place by December 14, a senior Bharatiya Janata Party leader said on Wednesday.

BJP leader to sue Kejriwal, Mann for Rs 50 cr each

BJP leader to sue Kejriwal, Mann for Rs 50 cr each

Rediff.com22 Jan 2025

Bharatiya Janata Party MP Parvesh Verma on Wednesday said he will file a Rs 50 crore defamation suit each against AAP supremo Arvind Kejriwal and Punjab Chief Minister Bhagwant Mann for levelling "false allegations against" and claiming he called Punjabis a "threat" to the country.