News for 'merchants'

40-year-old fintech gurus need 60-year-olds to handhold them

40-year-old fintech gurus need 60-year-olds to handhold them

Rediff.com19 Mar 2024

The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.

List of VIPs invited for Ram temple Event

List of VIPs invited for Ram temple Event

Rediff.com21 Jan 2024

While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.

Shivalika-Vipul's Lovely Love Story

Shivalika-Vipul's Lovely Love Story

Rediff.com15 Feb 2024

'Society tends to get uncomfortable when a girl takes the initiative. But who cares? I proposed to him,' says Shivalika V Patel.

Card Tokenisation: Players Ready, But Troubles Remain

Card Tokenisation: Players Ready, But Troubles Remain

Rediff.com26 Sep 2022

Come October 1, merchants, payment aggregators and acquiring banks can no longer store the card details of customers.

Is Nirmalaji A Believer In Numerology?

Is Nirmalaji A Believer In Numerology?

Rediff.com3 Feb 2024

There hasn't been any dramatic moment in the first act (the Budget) but nobody would complain. It's par for the course as long as the figures don't change in the main Budget, which will be presented after general elections.

Belgian ex-PM backs India's permanent UNSC seat, urges UN reform

Belgian ex-PM backs India's permanent UNSC seat, urges UN reform

Rediff.com14 Jan 2024

Leterme contended that there is a need for the United Nations Security Council to adapt to the realities of the 21st century as it requires representation that goes beyond the structures established in the 20th century.

India's New Silk Route

India's New Silk Route

Rediff.com9 Oct 2023

The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations, asks Arundhuti Dasgupta.

Dismissed Merchant Navy officer kills father, triggers cylinder blast in Delhi

Dismissed Merchant Navy officer kills father, triggers cylinder blast in Delhi

Rediff.com9 Jan 2017

R P Matta, a retired financial sector employee, who recently came back from Canada, was stabbed to death by his son Rahul around 2.15 pm, police said.

9 killed in Pakistan's tit-for-tat 'precision bombing' on Iran

9 killed in Pakistan's tit-for-tat 'precision bombing' on Iran

Rediff.com18 Jan 2024

Pakistan on Thursday said that the country's air force struck terrorist hideouts in Iran's Siestan-Balochistan province, a day after Islamabad recalled its ambassador from Tehran in the wake of Iranian missile and drone strikes in Balochistan.

70 lakh mobile numbers involved in financial frauds disconnected

70 lakh mobile numbers involved in financial frauds disconnected

Rediff.com28 Nov 2023

To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.

Modi Or Manmohan? Who Travelled More?

Modi Or Manmohan? Who Travelled More?

Rediff.com27 Feb 2024

While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.

Modi most successful PM, is nationalist and internationalist, says Ambani

Modi most successful PM, is nationalist and internationalist, says Ambani

Rediff.com10 Jan 2024

Narendra Modi is India's most successful prime minister and the greatest global leader of current generation, billionaire Mukesh Ambani said on Wednesday as he flaunted his group Reliance Industries' Gujarati heritage and its over USD 150 billion (Rs 12 lakh crore) investment in last 10 years.

Strong fourth quarter perks up Paytm stock; stock jumps nearly 5%

Strong fourth quarter perks up Paytm stock; stock jumps nearly 5%

Rediff.com16 May 2023

Encouraging results for PayTM (One97 Communications) for the 2022-23 financial year (Q4FY23) have led to a surge in the company's stock price, gaining nearly 5 per cent during Monday's trade. PayTM reported Q4FY23 revenues at Rs 2,330 crore, up 51 per cent on year-on-year (YoY) basis (13.2 per cent quarter-on-quarter or QoQ), led by monthly transaction user (MTU) growth of 27 per cent and average revenue per user or ARPU growth of 19 per cent YoY. MTU is defined as users with at least one transaction/month.

How To Prevent Terror On The High Seas

How To Prevent Terror On The High Seas

Rediff.com17 Apr 2024

The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).

HC rejects 2 PILs against operations of Google Pay

HC rejects 2 PILs against operations of Google Pay

Rediff.com20 Aug 2023

Dismissing the petitions, a bench headed by Chief Justice Satish Chandra Sharma said Google Pay is "mere third-party app provider" which requires no authorisation from RBI under the Payments and Settlement Systems Act.

Why is govt silent on merchant vessels carrying arms: BJP

Why is govt silent on merchant vessels carrying arms: BJP

Rediff.com15 Oct 2013

Expressing concern over the seizure of a merchant vessel with unauthorised arms and ammunition in Indian waters, the Bharatiya Janata Party on Tuesday sought to know why the government is "silent" on the details and suggested the issue of piracy be taken seriously post-26/11.

SC asks Teesta, husband to cooperate with Gujarat police

SC asks Teesta, husband to cooperate with Gujarat police

Rediff.com1 Nov 2023

The Supreme Court on Wednesday directed activist Teesta Setalvad and her husband Javed Anand to cooperate with the Gujarat Police in connection with a case filed against them over alleged misappropriation of funds.

E-commerce companies on ONDC may pay the price for non-compliance

E-commerce companies on ONDC may pay the price for non-compliance

Rediff.com14 Apr 2023

The government will develop a mechanism to ensure that e-commerce companies and entities that have adopted Open Network for Digital Commerce (ONDC) architecture are compliant with the rules. Non-compliance may result in a penalty. "We will have our own evaluation system, and if we find any player is not sticking to it, then we will take action. "Participants will have to be compliant with the rule of the land," Sanjiv, joint secretary at the Department for Promotion of Industry and Internal Trade (DPIIT), told reporters on Thursday.

'Winning a Ranji Trophy is not easy now'

'Winning a Ranji Trophy is not easy now'

Rediff.com20 Mar 2024

'That's the beauty of Mumbai cricket. Nobody interferes with the running of the cricket, only the cricketers are allowed to run the cricket.'

Tara, Fatima Watch The Sound of Music

Tara, Fatima Watch The Sound of Music

Rediff.com4 May 2023

Stars arrived at the premiere of The Sound Of Music, the first ever international Broadway musical in India, at the newly-launched Nita Mukesh Ambani Cultural Centre in Mumbai.

Aryan's name dropped from complaint, Wankhede tells HC; no arrest till Monday

Aryan's name dropped from complaint, Wankhede tells HC; no arrest till Monday

Rediff.com19 May 2023

The petition, filed through advocate Rizwan Merchant, claimed that after concluding the investigation in the case, a draft complaint was prepared by the department legal advisor, where charges were proposed against Aryan Khan among others.

Why Business Wants Modi To Return In 2024

Why Business Wants Modi To Return In 2024

Rediff.com19 Dec 2023

The BJP is the preferred choice because it offers what the Mughals and later British offered in their time: A stable polity and an environment in which business could function, explains T N Ninan.

Oyo's India CEO, Europe head resign ahead of IPO

Oyo's India CEO, Europe head resign ahead of IPO

Rediff.com7 Sep 2023

IPO-bound hospitality major Oyo's India Chief Executive Officer (CEO) Ankit Gupta and the head of its Europe business Mandar Vaidya have resigned. A company spokesperson told Business Standard that the two had moved on from their roles six months ago in March 2023. During the same period, Oyo had rejigged its top management, where the company's COO Abhinav Sinha was reassigned as Chief Product and Technology Officer, while Chief Business Development Officer Anuj Tejpal was reappointed as Global Chief Merchant Officer.

First pilot of retail digital rupee in 4 cities on Dec 1

First pilot of retail digital rupee in 4 cities on Dec 1

Rediff.com29 Nov 2022

The Reserve Bank will launch the first pilot for retail digital rupee in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, and later expand it to nine more cities in the initial phase. This follows a month after the RBI had started a pilot in the digital rupee - wholesale segment on November 1. The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.

Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Rediff.com19 Jan 2024

Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.

New norm for RuPay credit card use on UPI

New norm for RuPay credit card use on UPI

Rediff.com5 Oct 2022

There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction, a recent NPCI circular said. RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments. "During credit card on-boarding on the apps, the device binding and UPI PIN setting process shall include and be construed as customer consent for credit card enablement for all types of transactions," the circular dated October 4 said.

Two-tonne bell, 1-tonne lamp: Gifts pour in for Ram temple from India, abroad

Two-tonne bell, 1-tonne lamp: Gifts pour in for Ram temple from India, abroad

Rediff.com10 Jan 2024

More than 3,000 gifts for Lord Ram from Sita's birthplace in Janakpur in Nepal have arrived in Ayodhya.

I could be in England for years, Nirav Modi tells UK court

I could be in England for years, Nirav Modi tells UK court

Rediff.com16 Nov 2023

Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, told a UK court on Thursday that he could be in England for years as some ongoing proceedings prevent his extradition. The 52-year-old former billionaire appeared for a hearing at Barkingside Magistrates' Court in east London via video link from Thameside prison in relation legal costs, or fines, amounting to GBP 150,247.00, accrued over his failed extradition appeal proceedings in the London high court. Dressed in a pink prison-issue outfit and sporting a moustache, a plump and bald Nirav addressed the three-member magistrates' bench to reveal that he had complied with the previous court direction to pay in GBP 10,000 per month towards the fines.

Killer Soup Review: Manoj, Konkona Are Star Ingredients, But...

Killer Soup Review: Manoj, Konkona Are Star Ingredients, But...

Rediff.com11 Jan 2024

Killer Soup's plots grow too convoluted and the strain of keeping the momentum going shows when its shrewd and surreal visuals lose steam, observes Sukanya Verma.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

The Dyslexic Who Built A 30 Crore Business

The Dyslexic Who Built A 30 Crore Business

Rediff.com29 Dec 2023

'I have saved your name on my phone, but I cannot read or pronounce it.' 'I am able to recognise my wife's name today because after seeing it for so long, it has been imprinted in my mind as a picture and not the letters.'

Byju's Aakash to go public next year

Byju's Aakash to go public next year

Rediff.com5 Jun 2023

Edtech major Byju's will launch the Initial Public Offering (IPO) of its test preparatory arm Aakash Education Services Limited by middle of next year, the company said on Monday. Aakash Education Services Limited (AESL) revenue is on track to reach Rs 4,000 crore with an EBITDA (operational profit) of Rs 900 crore in the fiscal year 2023-24, the company said in a statement. "Byju's... will launch the Initial Public Offering (IPO) of its subsidiary, Aakash Education Services Limited (AESL) mid next year," Byju's said in a statement.

'I was a train and you put me on the track'

'I was a train and you put me on the track'

Rediff.com16 Dec 2023

Emotions welled up inside Saurashish Lahiri when Akash Deep, the latest Bengal speed merchant to enter Indian dressing room, rang him up.

How PM Modi Became Saint Modi

How PM Modi Became Saint Modi

Rediff.com27 Nov 2023

The transmogrification of Prime Minister Modi to Saint Modi began with the ground-breaking ceremony of the Ram temple in Ayodhya. By identifying himself with Lord Ram, Modi raised himself in popular imagination to a saintly person.

We Danced Slowly; We Didn't Want A Heart Attack

We Danced Slowly; We Didn't Want A Heart Attack

Rediff.com1 Jan 2024

Half a century after he left school, A Ganesh Nadar attends a school reunion.

Sara's BEAUTIFUL Eid Moment

Sara's BEAUTIFUL Eid Moment

Rediff.com11 Jul 2022

Soha's Eid vibe...Huma's message...Hina's ethnic look...

Opting For No Cost EMI? Check Out Hidden Charges

Opting For No Cost EMI? Check Out Hidden Charges

Rediff.com27 Oct 2022

'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'

Have Zomato, Swiggy finally figured out the right recipe?

Have Zomato, Swiggy finally figured out the right recipe?

Rediff.com22 Dec 2023

Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.

Timeline: Aryan's 25-day wait for bail in drugs case

Timeline: Aryan's 25-day wait for bail in drugs case

Rediff.com28 Oct 2021

Aryan Khan, son of Bollywood superstar Shah Rukh Khan, was on Thursday granted bail by the Bombay high court, 25 days after his arrest by the Narcotics Control Bureau (NCB) in the case of seizure of banned drugs aboard a cruise ship off the Mumbai coast earlier this month, a drugs bust that triggered a series of controversies and put the central agency and its officials under the spotlight.

Pak Navy rescues 9 Indian crew members after vessel capsizes in Arabian Sea

Pak Navy rescues 9 Indian crew members after vessel capsizes in Arabian Sea

Rediff.com12 Aug 2022

The navy received information about the vessel, responded to the distress call and the Pakistan Maritime Information Centre requested a nearby merchant ship "MT KRUIBEKE" to provide necessary assistance to the stranded crew of the Indian vessel.