News for 'financial loss'

Unheralded Kiran secures Olympic slot in women's 400m

Unheralded Kiran secures Olympic slot in women's 400m

Rediff.com27 Jun 2024

She clocked a personal best time of 50.92 seconds on the opening day of the National Inter-State Championships, surpassing the automatic Olympics qualification mark of 50.95 seconds.

Tata Motors overtakes TCS as group's most profitable firm after 10 years

Tata Motors overtakes TCS as group's most profitable firm after 10 years

Rediff.com22 May 2024

Tata Motors reported a consolidated net profit of Rs 17,483 crore (adjusted for exceptional gains and losses) for Q4FY24, surpassing TCS' consolidated net earnings of Rs 12,434 crore. For the automotive major, this marked a 213.7 per cent year-on-year increase in the bottom line, from Rs 5,573.8 crore a year ago. In contrast, India's biggest IT firm saw a more modest Y-o-Y growth of 9.1 per cent in net profit, from Rs 11,392 crore.

Securities transaction tax on F&O hiked from October 1

Securities transaction tax on F&O hiked from October 1

Rediff.com23 Jul 2024

Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.

India's Startup Scorecard

India's Startup Scorecard

Rediff.com2 Apr 2024

For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.

Naxals will be eliminated by 2026: Amit Shah

Naxals will be eliminated by 2026: Amit Shah

Rediff.com7 Oct 2024

Terming Naxals the biggest human rights violators, Union Home Minister Amit Shah on Monday said security forces have been carrying out 'offensive operations' instead of defensive against the insurgents and have achieved big successes in recent times.

Why Do Banks Hide Losses?

Why Do Banks Hide Losses?

Rediff.com21 Mar 2023

Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.

Reject divisive tendencies based on social hierarchies: President

Reject divisive tendencies based on social hierarchies: President

Rediff.com14 Aug 2024

President Droupadi Murmu on Wednesday emphasised the need to strengthen affirmative action as a tool for inclusion while urging the rejection of divisive tendencies rooted in perceived social hierarchies.

Near-term outperformance likely to sustain for Polycab and Havells

Near-term outperformance likely to sustain for Polycab and Havells

Rediff.com27 Jul 2024

However, the Polycab share price is up by nearly 80 per cent while Havells' has risen by 39 per cent. The Sensex has gained 26 per cent in this period. The Q1FY25 results were in line for both companies.

Water resources, Ganga allocations surge 55% to Rs 30,234 cr

Water resources, Ganga allocations surge 55% to Rs 30,234 cr

Rediff.com23 Jul 2024

The revised budget for 2024-25 shows a sharp rise in the allocations, particularly for major irrigation projects and the Namami Gange Mission-II.

Last Minute Tips For Error Free ITR

Last Minute Tips For Error Free ITR

Rediff.com31 Jul 2024

It is advisable to file your ITR right away and not rely on potential extensions.

The Woman Who Lost Everything

The Woman Who Lost Everything

Rediff.com13 Nov 2024

When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.

Hero MotoCorp to vroom on new launches and uptick in rural growth

Hero MotoCorp to vroom on new launches and uptick in rural growth

Rediff.com23 Aug 2024

Hero MotoCorp (HMCL) saw strong volume performance in the first quarter of the current financial year (Q1FY25), but margins disappointed due to weak spare part sales and negative electric vehicle (EV) margins. The company hopes for a strong festive season due to better rural sentiment. Revenue grew 16 per cent year-on-year (Y-o-Y) to Rs 10,140 crore, operating profit was up 21 per cent to Rs 1,460 crore, and adjusted net profit grew 19 per cent Y-o-Y to Rs 1,120 crore.

Car Owners, Know About PAYD Insurance

Car Owners, Know About PAYD Insurance

Rediff.com17 Sep 2024

'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'

Has Your Data Been Compromised?

Has Your Data Been Compromised?

Rediff.com16 Nov 2023

'Check every SMS you get. Many people ignore them.' 'Remember if there is an activity in your account, your financial institution will send you an SMS, not a WhatsApp message.'

Markets extend losses; Sensex tanks 260 points

Markets extend losses; Sensex tanks 260 points

Rediff.com23 Jun 2023

Tata Motors was the biggest loser in the Sensex pack, skidding 1.77 per cent, followed by SBI, Power Grid, Tata Steel, Infosys, UltraTech Cement, Titan, Larsen & Toubro, Reliance Industries and Maruti. On the other hand, IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Technologies, HDFC and Sun Pharma were the gainers.

Does govt plan to junk MTNL, BSNL merger?

Does govt plan to junk MTNL, BSNL merger?

Rediff.com13 Jul 2024

The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A final call on this is likely to be taken in a month's time. The source said the option of handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd (BSNL) through an agreement is being looked into.

'I've Been Fortunate To Have Lived The Life Of An Athlete'

'I've Been Fortunate To Have Lived The Life Of An Athlete'

Rediff.com26 Aug 2024

As Archana navigates her new path, her time as a top athlete continues to shape her perspective and inspire others.

Rising demand for ACs pushes up Voltas stock

Rising demand for ACs pushes up Voltas stock

Rediff.com10 Jul 2024

The stock of Voltas, the country's largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution expansion, slew of launches and backward integration are expected to forge a good operating performance for the company. In the core RAC segment, there are multiple triggers for the company.

NSE chief cautions retail investors against derivatives trading

NSE chief cautions retail investors against derivatives trading

Rediff.com14 Jun 2024

National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasized that trading in Futures & Options (F&O) derivatives should be limited to informed investors who can manage risk and comprehend the market. Recently, Finance Minister Nirmala Sitharaman and chief economic advisor V Anantha Nageswaran flagged the growing risk of F&O trading for retail investors.

Paytm, Adani Group deny stake sale talks

Paytm, Adani Group deny stake sale talks

Rediff.com29 May 2024

Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as "false and untrue." Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the "news item is speculative and the company is not engaged in any discussions in this regard."

Will BCCI's Jay Shah take over the reins at ICC?

Will BCCI's Jay Shah take over the reins at ICC?

Rediff.com17 Jul 2024

All eyes will be on BCCI secretary Jay Shah during the four-day ICC Annual Conference in Colombo, starting on Friday, where there might be serious discussions about when he will take over from New Zealander Greg Barclay as the chairman of the global body.

Top-Up Home Loan May Cost Your Home!

Top-Up Home Loan May Cost Your Home!

Rediff.com13 Aug 2024

'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'

Boom Times On Bourses In June

Boom Times On Bourses In June

Rediff.com29 Jun 2024

In June, Sensex went up 6.6% and Nifty 6.9%, their best monthly gains since December 2023.

''Made Good Money? Take Your Capital Out'

''Made Good Money? Take Your Capital Out'

Rediff.com7 Aug 2024

'Forget your loss or profit in your portfolio.' 'Look at how much cash you have in hand.' 'If you don't have cash in hand, liquidate at least partially; get into about 20 per cent in cash.'

IT, financial stocks drag Sensex down by 773 points

IT, financial stocks drag Sensex down by 773 points

Rediff.com11 Feb 2022

Tech Mahindra was the top loser in the Sensex pack, shedding around 3 per cent, followed by Infosys, HCL Tech, SBI, Kotak Bank and HDFC. NSE Nifty plunged 231.10 points to 17,374.75.

Be Financially Prepared For Third Wave

Be Financially Prepared For Third Wave

Rediff.com16 Dec 2021

While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.

Back to basics: Paytm's focus is payments and distribution

Back to basics: Paytm's focus is payments and distribution

Rediff.com14 Jun 2024

Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.

Sacrifices reap rewards for parents of Olympic shuttlers

Sacrifices reap rewards for parents of Olympic shuttlers

Rediff.com23 Jul 2024

'It was tough financially for the first few years but my friends and family supported me and once he did well at the 2018 Commonwealth Games, there was no looking back.'

After lacklustre Q4 results, headwinds persist for Indian Oil stock

After lacklustre Q4 results, headwinds persist for Indian Oil stock

Rediff.com10 May 2024

State-run Indian Oil Corporation (IOCL) reported a weak performance in the fourth quarter of FY24 (January-March 2024), and the turmoil in the energy market indicates it could endure another lacklustre quarter. The oil marketing company (OMC) reported an Ebitda of Rs 10,400 crore, down 27 per cent year-on-year (Y-o-Y) due to weak reported gross refining margin (GRM) of $8.4 per barrel in Q4FY24, which was almost half the consensus expectation of $15 per barrel.

Unilever job cuts: HUL to assess parent's global initiatives for its biz

Unilever job cuts: HUL to assess parent's global initiatives for its biz

Rediff.com15 Jul 2024

Hindustan Unilever (HUL) will closely assess the global initiatives of its parent under the productivity programme and evaluate what works best for its business and people, said the company. The statement from HUL comes after its parent Unilever recently told its employees that it will cut a third of office-based jobs in Europe by the end of 2025. "We will closely assess the global initiatives of Unilever under the productivity programme and evaluate what works best for our business and our people," HUL told Business Standard.

Selling pressure in financials drag Sensex down 355 points

Selling pressure in financials drag Sensex down 355 points

Rediff.com20 Jul 2021

IndusInd Bank was the top loser in the Sensex pack, shedding over 3 per cent, followed by Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank. NSE Nifty fell 120.30 points to 15,632.10.

From beard to hairstyle, club-thrower Pranav and father Sanjeev share an unshakeable bond

From beard to hairstyle, club-thrower Pranav and father Sanjeev share an unshakeable bond

Rediff.com7 Sep 2024

Paris Paralympics Pranav Soorma and his father Sanjeev have quite a few things in common, the most striking being their looks -- well-groomed beards complimented by their ponytail hairstyle.

UltraTech Cement to acquire 23% in India Cements

UltraTech Cement to acquire 23% in India Cements

Rediff.com27 Jun 2024

The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.

Strikes And Lockouts Decline By 90%

Strikes And Lockouts Decline By 90%

Rediff.com17 May 2024

Industrial disputes dropped 89.3 per cent to 34 in 2022 compared to 318 a decade ago, shows central and state data.

Sensex ends up 75 points on buying in banking and oil stocks

Sensex ends up 75 points on buying in banking and oil stocks

Rediff.com31 May 2024

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. During the session, it hit a high of 74,478.89 points and a low of 73,765.15 points.

Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1

Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1

Rediff.com13 Aug 2024

Public sector banks (PSBs) posted 16.1 per cent year-on-year (Y-o-Y) growth in net profit at Rs 39,974 crore during the June 2024 quarter. While net interest income (NII) showed subdued growth of 7.1 per cent, provisions and contingencies declined by 10.5 per cent Y-o-Y. This aided the bottom line to show steady growth.

HC dismisses PIL against Jan 22 holiday in Maharashtra

HC dismisses PIL against Jan 22 holiday in Maharashtra

Rediff.com21 Jan 2024

The Bombay high court on Sunday dismissed a public interest litigation (PIL) filed by four students against the Maharashtra government's decision declaring a public holiday on January 22, on the occasion of the Ram temple consecration ceremony in Ayodhya.

Global disaster losses @ $200 bn

Global disaster losses @ $200 bn

Rediff.com8 Dec 2005

The world has suffered record financial losses of around $200 billion this year as a result of weather-related natural disasters

PIX: Garnacho scores overhead stunner; Spurs slip to third loss on trot

PIX: Garnacho scores overhead stunner; Spurs slip to third loss on trot

Rediff.com27 Nov 2023

Manchester United's Alejandro Garnacho scored with a magical overhead kick in the third minute to send the visitors on their way to a 3-0 victory over an Everton team already reeling in their first Premier League game after being docked 10 points.

Aviation industry to incur losses of $2 bn: Goyal

Aviation industry to incur losses of $2 bn: Goyal

Rediff.com28 May 2008

The crude oil rally will impact prices of aviation turbine fuel, which forms 30 per cent of the operating cost for an airline. The company incurred a loss of $23.1 million during the October-December quarter of FY08. This was against a net profit of $9 million during the corresponding quarter of 2006-07.