News for 'it-business'

Nestle India turnover grew 2.5 fold post Maggi crisis

Nestle India turnover grew 2.5 fold post Maggi crisis

Rediff.com3 Jun 2025

The turnover of FMCG major Nestle India's has grown 2.5 folds to Rs 20,100 crore in last one decade, post the Maggi crisis in 2015, according to the company's latest annual report. At the time of crisis, Nestle India's turnover was at Rs 8,100 crore.

RCB's injury woes deepen; pacer doubtful for restart

RCB's injury woes deepen; pacer doubtful for restart

Rediff.com11 May 2025

RCB seamer Josh Hazlewood's participation in remaining IPL matches doubtful

Unsold Tanush Kotian roped in by Punjab Kings as net bowler

Unsold Tanush Kotian roped in by Punjab Kings as net bowler

Rediff.com25 Apr 2025

Kotian, who played a vital role in Mumbai's Syed Mushtaq Ali triumph this season, has been a consistent performer on the domestic circuit.

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Rediff.com8 May 2025

Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.

Shah Rukh: 'You Will Never Be Lonely If...'

Shah Rukh: 'You Will Never Be Lonely If...'

Rediff.com2 May 2025

Shah Rukh Khan is known for his wit and humour, and it was on full display at the World Audio Visual and Entertainment Summit (WAVES) 2025 event on May 1.

Pant, Iyer take centre stage as LSG, Punjab Kings clash

Pant, Iyer take centre stage as LSG, Punjab Kings clash

Rediff.com3 May 2025

Lucknow Super Giants skipper Rishabh Pant's woeful form with the bat and Punjab Kings captain Shreyas Iyer's sublime touch have made Sunday's mid-table clash an engrossing contest -- one that could decisively shape the fortunes of either side as the IPL enters its business end.

'ITC aspires to double its business in five years'

'ITC aspires to double its business in five years'

Rediff.com21 Apr 2024

'While every year presents new challenges, it also provides opportunities for better growth and performance.'

Pak Airspace Shut: Indian Carriers Redraw Flight Paths

Pak Airspace Shut: Indian Carriers Redraw Flight Paths

Rediff.com25 Apr 2025

Executives from India's leading airlines are conducting internal meetings to devise alternative routes for their international flights that currently pass through Pakistani airspace.

Pant & Pooran: A journey of resilience and redemption

Pant & Pooran: A journey of resilience and redemption

Rediff.com26 Apr 2025

Accidents were unfortunate but bright side is Rishabh and I are playing together: Pooran

TCS says no major impact of Israel conflict on its business

TCS says no major impact of Israel conflict on its business

Rediff.com11 Oct 2023

The country's largest IT services company TCS on Wednesday said it has 250 staffers in Israel and stressed that the ongoing conflict will not have any major impact on its business. The company said it is in constant touch with all staffers, and at present, the focus is their safety and to look at how they help the communities they live in. It has initiated business continuity plans wherever necessary to ensure that the customers do not get impacted, TCS chief operating officer N Ganapathy Subramaniam told reporters, adding that it does not expect any major impact of the war on its business.

Street gives a thumbs up to Godrej Properties' strong Q4 bookings

Street gives a thumbs up to Godrej Properties' strong Q4 bookings

Rediff.com17 Apr 2025

Realtor Godrej Properties Limited (GPL) is present in top real estate markets such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, and Bengaluru. In the financial year 2024-25 (FY25), NCR contributed 36 per cent, Bengaluru 17 per cent, and MMR 27 per cent to revenues with the rest 20 per cent coming from Pune, Hyderabad, etc.

Lodha vs Lodha: Latest twist in the family feud

Lodha vs Lodha: Latest twist in the family feud

Rediff.com2 Apr 2025

In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.

Adani group commits Rs 1.1 trillion capital expenditure for FY26

Adani group commits Rs 1.1 trillion capital expenditure for FY26

Rediff.com24 Mar 2025

The Adani group has said it will have a capital expenditure of Rs 1.1 trillion in 2025-26 as against this financial year's Rs 92,000 crore, with a focus on core energy and infrastructure. Expenditure will be financed through an internal cash generation of Rs 60,000 crore, and the rest will be raised via equity and debt, according to senior officials.

Cognizant looks to break into top four IT services companies by 2027

Cognizant looks to break into top four IT services companies by 2027

Rediff.com28 Mar 2025

Cognizant has said it aims to be back among India's top four IT services companies by 2027 by improving revenue, market share, bagging large deals, and gradual margin expansion. The Nasdaq-listed company does a major part of its business in India, but has trailed peers such as Tata Consultancy Services and Accenture over the last few years as growth tapered, margins squeezed, and attrition soared.

Khelo India Para Games: Lifters shatter national limits

Khelo India Para Games: Lifters shatter national limits

Rediff.com26 Mar 2025

Haryana's Pardeep Joon and Delhi's Sahista won the gold medals in the men's and women's powerlifting competitions respectively at the Khelo India Para Games.

LS Speaker asks Rahul to follow rules; LoP says not allowed to speak

LS Speaker asks Rahul to follow rules; LoP says not allowed to speak

Rediff.com26 Mar 2025

Rahul Gandhi, the Leader of the Opposition in India's Lok Sabha, has accused the Speaker, Om Birla, of running the House in a "non-democratic style" and preventing him from speaking. Gandhi claims that he was not allowed to speak on various issues, including unemployment and the Maha Kumbh festival, despite raising his hand to speak. He also alleges that the Speaker made unsubstantiated remarks about him and adjourned the House without giving him an opportunity to respond. The Speaker, however, has urged members to conduct themselves in accordance with the rules of the House, especially the Leader of the Opposition.

FTA deal with India: EU firms want non-tariff barriers to go

FTA deal with India: EU firms want non-tariff barriers to go

Rediff.com15 Mar 2025

European Union (EU) companies operating in India want New Delhi to streamline or remove non-tariff barriers such as Quality Control Orders (QCOs), complex Customs procedures; simplify labelling, testing, and import procedures; and facilitate cross-border digital transactions without data localisation constraints. These are results of a Business Sentiment Survey, 2025 conducted by the Federation of European Business in India (FEBI) ahead of resumption of negotiations for a free trade agreement (FTA) between both the sides scheduled to be concluded by year-end.

Torrent Group acquires 67% stake in Gujarat Titans

Torrent Group acquires 67% stake in Gujarat Titans

Rediff.com17 Mar 2025

Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.

Liverpool's Werner says it's business as usual

Liverpool's Werner says it's business as usual

Rediff.com18 Nov 2022

Head coach Juergen Klopp said last week a potential change in Liverpool's ownership would not affect his commitment to the club and played down talk of a sale.

Court orders FIR against former SEBI chief Madhabi Buch

Court orders FIR against former SEBI chief Madhabi Buch

Rediff.com2 Mar 2025

A special court in Mumbai has directed the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations.

Why Wayanad's Landslide Survivors Are Protesting

Why Wayanad's Landslide Survivors Are Protesting

Rediff.com27 Mar 2025

In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.

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.

2024 saw boom in India's commercial real estate

2024 saw boom in India's commercial real estate

Rediff.com29 Jan 2025

Global capability centres (GCCs) remained one of the major drivers of this huge spurt in demand for office spaces.

Phoenix Mills primed for success after robust Q3 and Budget boost

Phoenix Mills primed for success after robust Q3 and Budget boost

Rediff.com11 Feb 2025

The stock of mall developer and commercial real estate major, The Phoenix Mills (Phoenix), is up 26 per cent since its business update in the third week of January. The gains came on strong December quarter performance and the consumption boost in the Budget which is expected to help the company sustain its growth trends.

'It's Like Being Handed A Formula 1 Race Car, But Choosing To Walk'

'It's Like Being Handed A Formula 1 Race Car, But Choosing To Walk'

Rediff.com25 Feb 2025

'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'

CBI books Chidambarams in fresh corruption case

CBI books Chidambarams in fresh corruption case

Rediff.com9 Jan 2025

The Central Bureau of Investigation has registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said on Thursday.

More the merrier? A tale of multiple self-regulatory organisations

More the merrier? A tale of multiple self-regulatory organisations

Rediff.com7 Feb 2025

Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.

Udaan set for IPO as NCLT clears demerger plan

Udaan set for IPO as NCLT clears demerger plan

Rediff.com15 Jan 2025

Udaan, India's largest business-to-business (B2B) e-commerce company, has received approval from the National Company Law Tribunal (NCLT) for its internal corporate restructuring plan, according to sources. By consolidating into a single entity, the restructuring will enhance Udaan's agility and pave the way for various financing options, including the ability to pursue an initial public offering (IPO) in India by 2026, according to people familiar with the matter.

IndiGo eyes early induction of wide-body planes in fleet

IndiGo eyes early induction of wide-body planes in fleet

Rediff.com26 Dec 2024

IndiGo on Wednesday said it was exploring an earlier introduction of wide-body planes in its fleet to meet the growing demand for international travel. Industry sources said the airline was in talks with Norse Atlantic Airways to wet-lease six B787 planes in its fleet.

163 Brazilian workers rescued from 'slavery' at Chinese EV firm

163 Brazilian workers rescued from 'slavery' at Chinese EV firm

Rediff.com24 Dec 2024

Brazilian authorities have rescued 163 workers from conditions similar to 'slavery' at a construction site for a factory of Chinese electric vehicle company Build Your Dreams (BYD) in Camacari, Bahia.

SA's hopes dashed by Indian fireworks in Durban

SA's hopes dashed by Indian fireworks in Durban

Rediff.com9 Nov 2024

South Africa captain Aiden Markram didn't turn away from lavishing praise on India's Sanju Samson for his sheer class on display during the opening T20I in Durban.

Indian-American OpenAI whistleblower found dead in US

Indian-American OpenAI whistleblower found dead in US

Rediff.com14 Dec 2024

Suchir Balaji, a 26-year-old Indian-origin former employee of OpenAI, was found dead in his San Francisco apartment on November 26. The medical examiner's office ruled the death a suicide, and police say there is no evidence of foul play. Balaji was known for publicly accusing OpenAI of violating US copyright law while developing ChatGPT, a generative AI program that has become a global sensation. His death comes amid a wave of lawsuits against OpenAI from creators who claim their copyrighted material was used without permission to train ChatGPT.

Sensex falls 200 pts due to selling in FMCG, PSB stocks

Sensex falls 200 pts due to selling in FMCG, PSB stocks

Rediff.com9 Dec 2024

From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards. Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.

Nara Lokesh pitches Vizag to Google for setting up data centre

Nara Lokesh pitches Vizag to Google for setting up data centre

Rediff.com31 Oct 2024

Andhra Pradesh's IT and Electronics Minister Nara Lokesh has pitched port city of Vizag in his state for setting up a data centre to Google Cloud CEO, saying the new government in the state has taken various initiatives for supporting industry that will help it transform into a cloud infrastructure hub. The state is focused on setting up data centres in Visakhapatnam and the minister invited Google Cloud to establish its data centre in the port city.

Mid, Smallcap Stocks In Bear Market

Mid, Smallcap Stocks In Bear Market

Rediff.com28 Nov 2024

'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'

'At My Age, It Gets Very Difficult To...'

'At My Age, It Gets Very Difficult To...'

Rediff.com15 Nov 2024

'Sometimes we regret we didn't communicate, we didn't talk our heart out.' 'This film speaks about all those moments and the journey of the characters.' 'It's all moments stitched together of your entire life.'

L&T eyes up to Rs 40K cr in pre-sales from realty business

L&T eyes up to Rs 40K cr in pre-sales from realty business

Rediff.com7 Oct 2024

Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.

Will Singham Again Restore PVR's Profits

Will Singham Again Restore PVR's Profits

Rediff.com16 Oct 2024

>The success of Stree 2, which emerged as the highest-grossing Hindi film, was significant to PVR Inox's performance in the July-September quarter.

Reliance Has Filed 3,000 Plus Patents

Reliance Has Filed 3,000 Plus Patents

Rediff.com25 Oct 2024

Reliance has filed patents not only in India but also in the US, Canada, Europe, Estonia, South Korea, and South America. The patents include narrowband Internet of Things, AI large language models, AI DeepLearning, Big Data, devices, and quantum AI in 6G.

RBI bars Navi Finserv, 3 other NBFCs from extending loans

RBI bars Navi Finserv, 3 other NBFCs from extending loans

Rediff.com18 Oct 2024

The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.