News for 'funds diversion'

The Perfect Couple Review: Entertaining

The Perfect Couple Review: Entertaining

Rediff.com5 Sep 2024

The Perfect Couple has suspense, humour, romance and gorgeous visuals.

Investors open wallets for equity MFs in choppy mkts

Investors open wallets for equity MFs in choppy mkts

Rediff.com27 Mar 2024

Equity mutual fund (MF) schemes have raked in Rs 46,200 crore in net lump-sum inflows in the past six months (ended February 2024), almost thrice the inflow in the previous six-month period.

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.

Fresh Youth Hiring Surged In April-May

Fresh Youth Hiring Surged In April-May

Rediff.com22 Jul 2024

'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'

'Ratan Tata Always Displayed His Kindness'

'Ratan Tata Always Displayed His Kindness'

Rediff.com12 Nov 2024

'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

Quad statement includes subtle warning to China over Indo-Pacific

Quad statement includes subtle warning to China over Indo-Pacific

Rediff.com22 Sep 2024

'We condemn recent illicit missile launches in the region that violate UN Security Council resolutions. We express serious concern over recent dangerous and aggressive actions in the maritime domain. We seek a region where no country dominates and no country is dominated one where all countries are free from coercion, and can exercise their agency to determine their futures,' the declaration said.

United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

Rediff.com8 Jul 2015

With this, Heineken's stake has risen from 39% to 42.2%.

Why India Will Like Shigeru Ishiba

Why India Will Like Shigeru Ishiba

Rediff.com4 Oct 2024

Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.

Vijay Mallya's maze gets trickier

Vijay Mallya's maze gets trickier

Rediff.com1 Jan 2014

Karnataka HC seeks probe into fund diversion by United Spirits.

Cong's 1/3rd PM jibe ahead of Modi's visit to Varanasi

Cong's 1/3rd PM jibe ahead of Modi's visit to Varanasi

Rediff.com18 Jun 2024

Ramesh asked the PM why river Ganga is "dirtier than before" even after spending Rs 20,000 crore on the Namami Gange project.

Non-govt PFs, gratuity funds can now invest in AIFs

Non-govt PFs, gratuity funds can now invest in AIFs

Rediff.com17 Mar 2021

The government has brought in changes to the investment pattern for non-government provident funds, and superannuation and gratuity funds, enabling them to invest up to 5 per cent in the units of Category I and Category II alternative investment funds (AIFs), subject to some caveats. The development is part of the central government's strategy to channelise domestic savings and improve their returns to attract more investment in the said sectors. At present, these funds typically invest a minimum 45 per cent in government securities, besides new instruments, such as exchange-traded funds and real estate investment funds, while a portion in equity-related instruments.

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.

Sebi justifies 'urgent action' against Zee Entertainment in 197-page reply

Sebi justifies 'urgent action' against Zee Entertainment in 197-page reply

Rediff.com19 Jun 2023

In its reply to the Securities Appellate Tribunal (SAT), the Securities and Exchange Board of India (Sebi) said urgent action was warranted against the promoters of Zee Entertainment Enterprises Limited (ZEEL) in the alleged fund diversion case to safeguard the management and protect investors and other stakeholders. It termed the applications made by Essel Group Chairman Subhash Chandra and ZEEL managing director (MD) and Chief Executive Officer (CEO) Punit Goenka as "completely false and misleading" in its response submitted to SAT on June 17. "We have a situation before us where the chairman emeritus and the MD and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons.

''Baloch Are Humiliated As Indian Agents'

''Baloch Are Humiliated As Indian Agents'

Rediff.com9 Sep 2024

'It has been 14 years since I began living in exile and it's shocking that the situation in Balochistan has only worsened rather than improved.'

Gautam Adani seeks to clear the air on 'Mauritius funds'

Gautam Adani seeks to clear the air on 'Mauritius funds'

Rediff.com12 Jul 2021

Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.

'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.'

How Co-living Is Helping Young Millennials

How Co-living Is Helping Young Millennials

Rediff.com20 Mar 2024

'Factors such as working professionals seeking better lifestyles, traditional housing challenges, community and networking, and urban migration for jobs are driving the growth in the co-living segment.'

More trouble for Mallya as SFIO probes Kingfisher Airlines

More trouble for Mallya as SFIO probes Kingfisher Airlines

Rediff.com8 Mar 2016

The agency is looking at alleged "diversion of funds and financial reporting frauds".

How Congress Startled BJP in Rajasthan

How Congress Startled BJP in Rajasthan

Rediff.com17 Jun 2024

The BJP's nationwide vote share saw its steepest decline in Rajasthan, falling by 9.23% from 2019, resulting in the loss of 11 seats.

Mallya Vs Diageo: Sebi to look into disclosure, other lapses

Mallya Vs Diageo: Sebi to look into disclosure, other lapses

Rediff.com26 Apr 2015

Sebi to look into disclosure, other lapses in the Vijay Mallya, Diageo case.

How To Align Your Portfolio This Year

How To Align Your Portfolio This Year

Rediff.com23 Jan 2024

The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.

Dalal Street minnows steal the show in FY24

Dalal Street minnows steal the show in FY24

Rediff.com29 Mar 2024

The BSE mid-cap and small-cap stocks have outperformed the benchmark Sensex in 2023-24 with about 62 per cent returns, reflecting buoyant investors' sentiment amid robust macroeconomic conditions in the country and impressive quarterly earnings reported by various firms. As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the 2023-24 fiscal, while the small-cap index climbed 16,068.99 points or 59.60 per cent. In comparison, the 30-share BSE Sensex raked in a gain of 14,659.83 points or 24.85 per cent during the fiscal under review.

New all-in-one vaccine may prove effective against all coronaviruses

New all-in-one vaccine may prove effective against all coronaviruses

Rediff.com7 May 2024

The research published in 'Nature Nanotechnolog' on Monday is based on a new approach to vaccine development called "proactive vaccinology", where scientists build a vaccine before the disease-causing pathogen even emerges, which has shown promising results in mice.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Regulation doesn't take away minority status: SC on AMU

Regulation doesn't take away minority status: SC on AMU

Rediff.com9 Jan 2024

Merely because an educational institution is regulated by a statute does not take away from it the character of a minority institution, the Supreme Court observed on Tuesday as it commenced hearing the vexed question of minority status of Aligarh Muslim University (AMU).

Space tech start-up Agnikul raises $11 mn funding

Space tech start-up Agnikul raises $11 mn funding

Rediff.com20 May 2021

Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul said, on Thursday, that it has raised $11 million in Series A funding round led by Mayfield India. It is the largest funding round for a private Indian space technology company in the country. Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round.

Why Did Naidu Meet Modi?

Why Did Naidu Meet Modi?

Rediff.com5 Jul 2024

According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.

Restoring India's Botanic Heritage

Restoring India's Botanic Heritage

Rediff.com21 Mar 2024

With over 3,000 species of plants, 26 interconnected lakes and the 250-year-old Great Banyan Tree -- the largest in the world -- the Indian Botanic Garden is a veritable treasure, discovers Payal Singh Mohanka.

Sebi bars Vijay Mallya, six others from securities market

Sebi bars Vijay Mallya, six others from securities market

Rediff.com25 Jan 2017

Sebi's order comes close on the heels of Central Bureau of Investigation naming Mallya, Kingfisher Airlines and nine others, in the charge sheet related to the 2015 loan default case.

Mallya's defiance prompts Sebi to seek changes to Companies Act

Mallya's defiance prompts Sebi to seek changes to Companies Act

Rediff.com4 Mar 2019

Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.

Self-Employed? Planning Retirement?

Self-Employed? Planning Retirement?

Rediff.com27 Dec 2023

The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.

'Indian NGOs being probed but no scrutiny of foreign NGOs'

'Indian NGOs being probed but no scrutiny of foreign NGOs'

Rediff.com2 Mar 2012

In the wake of reports that several NGOs are under the scanner of the government, Home Secretary R K Singh today said funding of around 12-13 Indian voluntary organisations are being probed but made it clear that no such foreign entity was being investigated.

Queue for MF licences thins amid quick Sebi approval, withdrawals

Queue for MF licences thins amid quick Sebi approval, withdrawals

Rediff.com15 Nov 2023

The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes. There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.

'Expect formulations biz to outpace API biz'

'Expect formulations biz to outpace API biz'

Rediff.com2 Jun 2024

'API prices are dragging down margins and impacting our competitive ability.'

'Sharks At High Risk Of Extinction'

'Sharks At High Risk Of Extinction'

Rediff.com12 Jul 2024

'Shark fins are the most sought-after shark product.'

Voter's right trumps donor's privacy: SC on electoral bonds

Voter's right trumps donor's privacy: SC on electoral bonds

Rediff.com16 Feb 2024

A voter's right to know is 'far too important' in democracy than the privacy of a donor, Supreme Court judge Justice Sanjiv Khanna said on Thursday as the apex court scrapped the 2018 electoral bond scheme for funding political parties.

India-born media veteran selected as new BBC chairman

India-born media veteran selected as new BBC chairman

Rediff.com7 Dec 2023

Dr Samir Shah, who was honoured with a CBE by Queen Elizabeth II in 2019 for services to television and heritage, will replace Richard Sharp, who had been forced to resign after his communication with former prime minister Boris Johnson came under scrutiny.

'Making A Film Is Like Going To War'

'Making A Film Is Like Going To War'

Rediff.com31 Jul 2024

'I promise you, you've never seen her do anything like this.' 'It is a complete reinvention of Janhvi Kapoor.'

What Is A Start-Up Visa? How You Can Get One?

What Is A Start-Up Visa? How You Can Get One?

Rediff.com11 Mar 2024

Businesspersons who have the potential to contribute to the economy of a country are given a red carpet welcome by way of a start-up visa.