News for 'financial loss'

Want To Have Steady Income? SWP Can Help

Want To Have Steady Income? SWP Can Help

Rediff.com2 Sep 2024

Systematic Withdrawal Plan, or SWP, can help you achieve your financial goals. Ramalingam Kalirajan's step-by-step guide on how to effectively use an SWP.

India-focused funds log first weekly redemption in 19 mths

India-focused funds log first weekly redemption in 19 mths

Rediff.com14 Oct 2024

India's stock markets are experiencing a shift in investor sentiment, with a 30 per cent surge in Chinese stocks, prompting investors to move money from domestic markets to China. This reversal of fortunes is a notable change from the past three years, where China's losses benefited India.

Beware! Markets Headed For Downturn

Beware! Markets Headed For Downturn

Rediff.com26 Nov 2024

Trumponomics, poor growth, and high valuation certainly don't make a bullish recipe for Indian markets, warns Debashis Basu.

Can Your Electric Two-Wheeler Be Hacked?

Can Your Electric Two-Wheeler Be Hacked?

Rediff.com17 Sep 2024

The growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks.

15 killed, 16 hurt after bus hits van on Agra-Aligarh NH in UP

15 killed, 16 hurt after bus hits van on Agra-Aligarh NH in UP

Rediff.com6 Sep 2024

Thirteen people have also been injured in the accident and admitted to a government hospital.

De-risking loan portfolio likely a top priority for new Bandhan CEO

De-risking loan portfolio likely a top priority for new Bandhan CEO

Rediff.com15 Oct 2024

Partha Pratim Sengupta, who will be taking charge as the MD & CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.

What drove Toyota Kirloskar profit 3x in FY24

What drove Toyota Kirloskar profit 3x in FY24

Rediff.com5 Sep 2024

Toyota Kirloskar Motor (TKM) has reported a consolidated net profit of Rs 4,787 crore for 2023-24 (FY24) - more than three times the earnings recorded the previous year. This growth can be attributed to robust demand for its vehicles, particularly hybrid models and cross-badged cars from the Toyota-Suzuki alliance.

Sensex ends above 85,000, Nifty scales 26K

Sensex ends above 85,000, Nifty scales 26K

Rediff.com25 Sep 2024

Benchmark Sensex closed above the 85,000 level for the first time while Nifty scaled the 26,000 peak at close on Wednesday as fag-end buying in banking and power shares helped stock markets recoup early losses. After a see-saw trade during the day, the 30-share BSE Sensex rose by 255.83 points or 0.30 per cent to settle at an all-time high of 85,169.87. During the day, it surged 333.38 points or 0.39 per cent to hit a record intra-day peak of 85,247.42.

Investing in IPOs? Read this

Investing in IPOs? Read this

Rediff.com18 Sep 2024

IPOs inherently carry more risks than stocks that have been listed on the exchanges for some time.

Manchester City accused of breaching more than 100 financial rules

Manchester City accused of breaching more than 100 financial rules

Rediff.com6 Feb 2023

City's alleged breaches stretch from the 2009-10 season to the 2017-18 campaign, the league said on Monday.

China's loss is India's gain

China's loss is India's gain

Rediff.com14 Jul 2023

'As China's reopening euphoria fizzled out on the back of some disappointing economic data, we saw inflows coming back to India with full force in the past 3-4 months.'

Tributes pour in for Tata's 'Ratan'

Tributes pour in for Tata's 'Ratan'

Rediff.com10 Oct 2024

Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.

J-K attack: Architect's wife waited for his call to end her fast

J-K attack: Architect's wife waited for his call to end her fast

Rediff.com21 Oct 2024

No one told them what had happened until late at night. And then too, it came through the media, the family said.

IndiGo restores annual pay hike for pilots after financial turnaround

IndiGo restores annual pay hike for pilots after financial turnaround

Rediff.com14 Feb 2023

IndiGo has restored annual increments for more than 4,500 pilots as a financial turnaround helped the airline make a profit in Q3 FY23 after three quarters of loss. An email from the airline's management last week informed pilots of the restoration from April. "The component of annual increment for Indian captains (Rs 10,000 per month) and Indian first officers (Rs 5,000 per month) on the Airbus and ATR fleet which was stopped due to Covid will restart from April 1, 2023," the airline's senior vice president (flight operations) Ashim Mitra said in the staff email.

'Can I Get Capital Gain Rebate If...?'

'Can I Get Capital Gain Rebate If...?'

Rediff.com3 Sep 2024

rediffGURU Mahesh Padmanabhan answers readers' personal income tax queries.

36 killed as overcrowded bus falls into gorge in Almora

36 killed as overcrowded bus falls into gorge in Almora

Rediff.com5 Nov 2024

A packed beyond capacity bus carrying passengers returning to work after Diwali fell into a deep gorge in Uttarakhand's Almora district on Monday, killing at least 36 of the over 60 people on board.

Analysts wary of Vodafone Idea's falling subscribers, broadband users

Analysts wary of Vodafone Idea's falling subscribers, broadband users

Rediff.com14 May 2024

Vodafone Idea's (Vi's) subscriber loss reduced to a seven-month low in March, and alongside the company added 1.1 million broadband users after two months of net loss -- two things analysts have noted as key trends that need to be monitored. While Vi has been losing customers for more than two and a half years now, the churn reduced to below a million after five straight months in March, the Telecom Regulatory Authority of India (Trai) data has shown. "Jio's softer than usual subscriber growth in March, and VIL's slowing subscriber market share loss are key trends to keep an eye on going forward," global investment banking and financial services major UBS said in an analyst note.

Will Japan Instability Derail India Ties?

Will Japan Instability Derail India Ties?

Rediff.com8 Nov 2024

There is nothing to be worried about as bilateral ties are robust with solid foundations. Both are on the same page on the economic and defence/security ties bilaterally and globally and that shall continue irrespective of change in political dispensation in either country, points out Dr Rajaram Panda.

Related-party transactions: Rs 2.68 trn awaits shareholder nod this week

Related-party transactions: Rs 2.68 trn awaits shareholder nod this week

Rediff.com24 Jun 2024

Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.

Is Health Insurance Tax Relief Coming?

Is Health Insurance Tax Relief Coming?

Rediff.com6 Sep 2024

Full exemption for all health insurance premiums and reinsurance or a reduction in the GST rate from 18% to 5% on health insurance services is likely.

Sidhu's losses in crores

Sidhu's losses in crores

Rediff.com2 Dec 2006

Sidhu is the only MP to appear in a number of advertisements and programmes.

Why You Should Avoid Switching SIPs

Why You Should Avoid Switching SIPs

Rediff.com19 Jun 2024

Long-term investors should never stop their SIPs during market corrections.

Asset quality key monitorable going ahead for Cholamandalam Investment

Asset quality key monitorable going ahead for Cholamandalam Investment

Rediff.com3 Oct 2024

Cholamandalam Investment and Finance's (Chola) share has yielded one of the best returns in the last month. The company has sustained assets under management (AUM) growth at 7 per cent quarter-on-quarter (Q-o-Q), and 35 per cent year-on-year (Y-o-Y) in Q1FY25. Scaling up of new businesses now contributes to 13 per cent of loans (vs 10 per cent in Q1FY24).

Any correction in oil marketing companies could be a buying opportunity

Any correction in oil marketing companies could be a buying opportunity

Rediff.com3 Sep 2024

Trends in the global energy markets are crucial if India's growth outlook is to remain healthy. Prices for the Indian crude basket were averaging around $86.2 per barrel through Q1FY25 and then moderated to $84 in July and to $78-79 in August (so far). But global crude supply may outpace weak global demand in the short term.

Market Rout Shaves Rs 16 Trn From India's MCap

Market Rout Shaves Rs 16 Trn From India's MCap

Rediff.com5 Oct 2024

On a five-day rolling basis, FPI selling is the highest in 24 years.

Post-Covid boom in profits yet to show in India Inc capex

Post-Covid boom in profits yet to show in India Inc capex

Rediff.com17 Sep 2024

The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure. The combined net profits of India's top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.

Ola Cabs CEO Hemant Bakshi quits, firm to lay off 10-15% staff

Ola Cabs CEO Hemant Bakshi quits, firm to lay off 10-15% staff

Rediff.com29 Apr 2024

Ride-hailing company Ola Mobility CEO Hemant Bakshi has resigned from the company within four months of joining it, according to sources privy to the development. Sources also said that the company is planning to lay off 10-15 per cent employees.

Will govt cut petrol, diesel prices?

Will govt cut petrol, diesel prices?

Rediff.com12 Sep 2024

Price of international crude oil - the raw material for making petrol and diesel - dropped to a three-year low before marginally recovering but a revision in domestic petrol and diesel rates is likely only if lower rates are sustained, industry sources and officials said. Global oil benchmark Brent crude futures fell below $70 per barrel on Tuesday - the first time since December 2021 - but gained thereafter after Hurricane Francine hit crude supply in the Gulf of Mexico. Brent rose above $71 a barrel on Thursday while West Texas Intermediate advanced to trade near $68.

Sensex pares early losses, ends 242 points down

Sensex pares early losses, ends 242 points down

Rediff.com18 Sep 2023

Among the Sensex firms, HDFC Bank, Bharti Airtel, Infosys, UltraTech Cement, Tata Steel, Wipro, Kotak Mahindra Bank, Reliance Industries, Tech Mahindra and JSW Steel were the major laggards. Power Grid, Titan, Mahindra & Mahindra and NTPC were among the gainers.

TMC's Saket Gokhale to pay Rs 50 lakh damages for defaming minister's wife

TMC's Saket Gokhale to pay Rs 50 lakh damages for defaming minister's wife

Rediff.com1 Jul 2024

The Delhi high court on Monday directed Trinamool Congress leader Saket Gokhale on Monday to apologise and pay Rs 50 lakh damages to former diplomat Lakshmi Murdeshwar Puri, wife of Union minister Hardeep Singh Puri, for his defamatory tweets against her over the purchase of a property in Switzerland.

Apollo Hospitals to ride on healthy growth outlook

Apollo Hospitals to ride on healthy growth outlook

Rediff.com24 Aug 2024

Apollo Hospitals Enterprise (APH) delivered an in-line performance for the April-June quarter of the financial year 2024-2025 (Q1FY25)with growth in the number of patients. AHLL (Apollo Health & Lifestyle), a subsidiary, posted sales growth and profitability. APH also reduced operational costs at Healthco.

Licious gears up for IPO with new CFO, profit pursuit

Licious gears up for IPO with new CFO, profit pursuit

Rediff.com29 May 2024

Fresh meat and seafood delivery unicorn Licious is intensifying its talent acquisition endeavours as it pursues profitability and readies for an initial public offering (IPO) within the next 24 months. Delightful Gourmet, Licious' parent company, has named 39-year-old Karishma Gupta as its new chief financial officer (CFO). Her appointment aligns with Licious' drive for profitable growth through an omnichannel strategy.

IPO Investors Sell IPO Shares In A Week!

IPO Investors Sell IPO Shares In A Week!

Rediff.com7 Sep 2024

The greater the post-listing gains, the higher the number of investors looking to sell.

'The expected credit loss model will not dent profits much'

'The expected credit loss model will not dent profits much'

Rediff.com3 Jul 2023

'We will test the waters, ferret out information through our business correspondents, and only then open a branch'

Scamsters fool job aspirants with fake Territorial Army website

Scamsters fool job aspirants with fake Territorial Army website

Rediff.com28 Mar 2023

The Delhi police has registered a case based on a complaint by a senior Territorial Army officer that a fake website of the organisation has been created by "scamsters" who are carrying out a fake recruitment drive using the online platform, officials said on Tuesday.

Can India Inc Absorb 10 Million Interns?

Can India Inc Absorb 10 Million Interns?

Rediff.com14 Aug 2024

'India's top companies currently lack the organisational wherewithal to hire and train 2 million interns annually, given their current scale of operations and existing employee base.'

Survey lauds the importance of capital markets in India's growth story

Survey lauds the importance of capital markets in India's growth story

Rediff.com22 Jul 2024

Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks, it added. "Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24," the Economic Survey said.

'Expect Sensex to cross 100,000 in next 2-3 years'

'Expect Sensex to cross 100,000 in next 2-3 years'

Rediff.com1 Sep 2024

'Subject to any worldwide economic collapse.'

Third Wave: Be Financially Prepared!

Third Wave: Be Financially Prepared!

Rediff.com28 Jul 2021

Postpone the purchase of big-ticket consumer durable items, recreational spending on holidays, and other such expenses unless your financial position is very secure, advises Sarbajeet K Sen.

Stock market positive on Thermax despite profit margin decline in Q1

Stock market positive on Thermax despite profit margin decline in Q1

Rediff.com13 Aug 2024

Thermax reported 13 per cent Y-o-Y revenue growth with operating profit margin decline in Q1FY25. It took a hit of Rs 70 crore on specific projects. The company enjoys a strong order pipeline across sectors like power, steel, refining and petrochemicals.