'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
The banana grower, like everyone else in the village, was buying all his daily requirements on credit. The grocer, fishmonger and vegetable seller were all happily dispensing with their goods and keeping account of who owed what.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
Kamal Meattle and Barun Aggarwal guide us on the protective measures we can introduce in our daily lives to protect ourselves from the harmful effects of air pollution.
The Agricultural Produce Marketing Committee Act of a state regulates the purchase of agricultural products, such as cereals, pulses, fruits and vegetables for that region. It hobbles farmers, imposing multiple levies on produce and disallows direct sales to private companies.
Long before he became a superstar, long before he summoned the courage to tell his father Rakesh Roshan that he wanted to become an actor, Hrithik Roshan was seized by self doubt.
Anuj Rakyan, the entrepreneur behind Raw Pressery, has seen his business valuation grow 50 times in a little over 3 years. The sky is the limit, he tells Rediff.com's A Ganesh Nadar.
The central probe agency had on Friday carried out a fresh round of searches in connection with the case, they said.
The government will investigate the claim of former Pakistani dictator Ayub Khan's son, Gohar Ayub Khan, that an Indian brigadier had sold the 1965 war plan to his country for Rs 20,000, Defence Minister Pranab Mukherjee said on Tuesday.
In Jaffrabad, Maujpur, Yamuna Vihar, Chand Bagh, Mustafabad and Bhajanpura, which were among the areas worst hit by the communal violence, there were more vehicles and people on the roads than in the last five days.
As Kerala gets into the festive mood, police are maintaining tight vigil with the army receiving information that there may be a terror attack in southern parts of the country.
'There were moments when you didn't know if you will get out of there alive.'
'If your paper writes something you don't agree with, will you criticise it?' Nitin Gadkari asks Aditi Phadnis when quizzed about demonetisation.
'Even though we have around 156 patients, we don't have anyone who requires ventilatory support or the ICU facility.'
'Neither farmers nor farm labourers will benefit from these jumla announcements of the finance minister'
GST is levied on every transaction in the supply of goods and services, barring certain exempted items
'Sometimes we remember our plans and preoccupations from early March.' 'They seem laughably unreal now,' says Shuma Raha.
With fuel being the main input cost for the transport sector, rise in cost of operations is a given. The sector is unsure on the extent of being able to pass this on through rentals or to absorb it with higher volumes.
At the height of the agitation against Tata Motors and after, the decibel level at Singur has always been high. The coronavirus scare, however, appears to have tempered it. The lockdown has hit Singur's inhabitants hard in more ways than one, reports Ishita Ayan Dutt.
Why should Reliance Digital position itself as an alternative to Chadhaji's store? It simply doesn't make good business sense, says Sudhir Bisht.
Vishu invokes fond memories of childhood writes Divya Nair/Rediff.com
India has been put in lockdown to halt the spread of the coronavirus outbreak. People have been told to stay indoors, but for many daily-wage earners this is not an option.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
As people wait in long queues outside banks, they appear happy that the ban on Rs 500 and Rs 1,000 notes will unearth black money and root out corruption.
Last year, his family forced Kishore Singh not to write anything about them...
Not all change is good, but this one is, applauds Shekhar Gupta.
Billionaire investor Rakesh Jhunjhunwala explains why he thinks Modi should be at the helm of India.
Two devoted J Jayalalithaa followers speak of what the TN chief minister meant to them.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
'Life has been very stressful and frustrating.'
'Whether we like it or not, coronavirus is knocking on the door. We only have two weeks, a month if we are lucky, to prepare for its spread.' 'The US wasted this opportunity and is facing spreading virus and economic meltdown,' notes Sonalde Desai.
A few simple and efficient workouts to keep fresh through the day
'I expect normalcy to return in one or two days,' says Tuticorin's new Collector Sandeep Nandur.
The governor also said no life has been lost in Jammu and Kashmir due to any violence in the last 10 days
'On a daily basis you are saying, you do this, you do that, but where is the blueprint of the war?' 'How many isolations actually we need per hundred thousand people?' 'How many ventilators will we need for 100,000 people?'
Manjula Chimbalkar, a health coordinator from Mumbai's COVID-19 hotspot Dharavi, speaks about her concerns and fears
These should be your go-to food for slimming down.
