News for 'premium'

Bids Between Rs 2 Tn-Rs 3 Tn For This Week's 4 IPOs

Bids Between Rs 2 Tn-Rs 3 Tn For This Week's 4 IPOs

Rediff.com10 Sep 2024

'There is no irrational exuberance when it comes to mainboard IPOs.' 'Most issues are by good quality businesses.'

Dev Deepavali: A Night When The Ganga Glows

Dev Deepavali: A Night When The Ganga Glows

Rediff.com27 Nov 2024

Visiting Varanasi for Dev Deepavali should be on your bucket list.

Health Insurance: What You Must Know!

Health Insurance: What You Must Know!

Rediff.com24 Jun 2024

Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.

CLSA shifts focus back to India, cuts China exposure

CLSA shifts focus back to India, cuts China exposure

Rediff.com15 Nov 2024

Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.

Leading FMCG firms see two-fold rise in sales via q-com

Leading FMCG firms see two-fold rise in sales via q-com

Rediff.com7 Oct 2024

Leading FMCG firms reported a nearly two-fold increase in the share of quick commerce within their total e-commerce sales, and this surge is anticipated to continue, said a joint report by Deloitte and industry body FICCI. Quick Commerce, also known as hyperlocal delivery, is now reaching around 35 per cent of online sales and has become a preferred channel for urban consumers. "About 18 per cent of consumers prefer purchasing food and beverage items from Q-commerce channels.

Samsung to manufacture premium Galaxy S23 smartphones in India

Samsung to manufacture premium Galaxy S23 smartphones in India

Rediff.com2 Feb 2023

The launch price of Galaxy S23 series in India is in the range of Rs 75,000 to Rs 1.55 lakh per piece. At present, Galaxy S Series smartphones are being manufactured at Samsung's Vietnam factory and the company imports them for sale in India.

Brand Vistara Ends Its Journey

Brand Vistara Ends Its Journey

Rediff.com12 Nov 2024

Starting November 12, Vistara aircraft will be operated under the Air India banner, to be identified by a special four-digit flight code beginning with "2".

Bajaj CNG Bikes Break Sales Records

Bajaj CNG Bikes Break Sales Records

Rediff.com26 Oct 2024

The Freedom 125 has sold 8,310 units in October to date. This is its highest since it was launched in July and may touch close to 9,000 by the end of the month.

Strays of south Mumbai lose their best friend Ratan Tata

Strays of south Mumbai lose their best friend Ratan Tata

Rediff.com10 Oct 2024

Bombay House is different from any other conglomerate's headquarters. While every visitor is frisked at the entrance of the colonial-era building, one should not be surprised to see a street dog stroll in nonchalantly. For decades, specific instructions have been issued to the staff to allow a free entry and exit for the strays who may want to come in.

BSE to shell out more as regulatory charge to Sebi

BSE to shell out more as regulatory charge to Sebi

Rediff.com29 Apr 2024

The BSE faces a larger outgo after regulatory clarity on the fee to be paid to the Securities and Exchange Board of India (Sebi) as a turnover charge on options volume. The market regulator on Friday directed the exchange to pay a regulatory fee on the 'notional value' of annual turnover.

Crude oil may slip to low $60s by 2025-end

Crude oil may slip to low $60s by 2025-end

Rediff.com23 Oct 2024

Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October-December) of 2024 - up nearly 10 per cent from current levels, suggest analysts at JP Morgan. The main players in West Asia, including Saudi Arabia and the UAE, have a strong incentive to keep the conflict contained, according to the JP Morgan report.

Sensex, Nifty hit record highs on US Fed rate cut; banks lead gains

Sensex, Nifty hit record highs on US Fed rate cut; banks lead gains

Rediff.com19 Sep 2024

From the 30 Sensex firms, NTPC, Nestle, Titan, Kotak Mahindra Bank, Maruti, Hindustan Unilever, Bharti Airtel and HDFC Bank were the biggest gainers. HCL Technologies, Tata Consultancy Services, Adani Ports, Larsen & Toubro, JSW Steel, State Bank of India, Tech Mahindra and Bajaj Finance were among the laggards from the pack.

What The Retail Investor Must Know

What The Retail Investor Must Know

Rediff.com21 Oct 2024

Many are attracted by the potential for large gains, but don't necessarily seem to understand that a single trade gone wrong can wipe out their accumulated profits.

Maruti, Tatas' Plans To Boost Car Sales

Maruti, Tatas' Plans To Boost Car Sales

Rediff.com21 Oct 2024

'The customer is fast changing, and she demands newer experiences that wealth can buy.'

Crude imports from US rebound as Russia sanctions get tighter

Crude imports from US rebound as Russia sanctions get tighter

Rediff.com12 Sep 2024

Even as Russia and West Asia have been slugging it out for market share in India to sell their crude oil, the US is quietly making its moves on the sidelines. The US has doubled its share of the Indian crude market in the past few months, according to industry sources and ship-tracking data. Some of the increase in America's market share may have come at the expense of Russia, India's biggest crude oil supplier, said industry sources.

FMCG firms worry over high inflation; price hike likely

FMCG firms worry over high inflation; price hike likely

Rediff.com3 Nov 2024

Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales.

'The EV Market Is Hotting Up'

'The EV Market Is Hotting Up'

Rediff.com21 Sep 2024

'A lot of players such as Maruti and Hyundai are entering the market in the first and the second quarters of 2025.'

Term insurance premiums set to surge. Here's why

Term insurance premiums set to surge. Here's why

Rediff.com7 Oct 2021

Term insurance policy premiums are set to rise by 25 to 30 per cent with Munich Re, the largest reinsurer for the Indian insurance market, increasing its rates for underwriting portfolios of pure protection plans by up to 40 per cent. According to a senior executive of a private life insurance company, the global reinsurer has communicated its decision about increasing rates. About 8-10 insurance companies have been informed about the move, sources said.

Adani takes control of NDTV, buys promoters stake at 17% premium

Adani takes control of NDTV, buys promoters stake at 17% premium

Rediff.com30 Dec 2022

The Adani Group on Friday said it has acquired 27.26 per cent equity stake in NDTV from Prannoy Roy and his wife Radhika Roy -- founders of the news broadcaster. "RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a 27.26 per cent equity stake in NDTV from Prannoy Roy and Radhika Roy by way of inter-se transfer...," said a regulatory filing from Adani Enterprises. On December 23, Prannoy Roy and Radhika Roy had announced to sell 27.26 per cent out of their remaining 32.26 per cent shareholding in the NDTV to the Adani Group.

IPO-bound Hyundai Motor India raises Rs 8,315 cr from anchor investors

IPO-bound Hyundai Motor India raises Rs 8,315 cr from anchor investors

Rediff.com15 Oct 2024

Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country's biggest-ever maiden share sale. The Indian arm of the South Korean carmaker Hyundai Motor Company (HMC) allotted 42.4 million shares to 225 funds at Rs 1,960 apiece, the higher end of its price band. Among the investors receiving allotments were the Singapore government's sovereign wealth fund (GIC), New World Fund, and Fidelity.

Should You Invest In SME IPOs?

Should You Invest In SME IPOs?

Rediff.com4 Oct 2024

'Many do not have robust business models, and their prospects of survival and long-term growth are poor.'

Emami has built itself through acquisition, but...

Emami has built itself through acquisition, but...

Rediff.com8 Oct 2024

Two young men jostle in a rickshaw as it clatters along a narrow, bustling lane of North Kolkata, each with a leg dangling over the side of the vehicle, a bulging sack of cosmetics nestled between them. The protagonists here are the founders of Emami - Radhe Shyam Agarwal and Radhe Shyam Goenka - childhood friends who gave up cushy corporate jobs to build a fast-moving consumer goods (FMCG) company. From a 200-square-foot rented space on Muktaram Babu Street in North Kolkata, brand Emami stepped into the competitive world of FMCG 50 years back, armed with just three products: Vanishing cream, talcum powder, and cold cream.

How the markets will fare this week

How the markets will fare this week

Rediff.com13 Oct 2024

Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.

Maruti bets big on Nexa in quest for premium market dominance

Maruti bets big on Nexa in quest for premium market dominance

Rediff.com25 Mar 2022

Seven years after it announced Nexa, there's no mistaking the seriousness with which Maruti wants the segment to grow, says Pavan Lall.

High Valuations Pose Risk To Bull Market

High Valuations Pose Risk To Bull Market

Rediff.com4 Sep 2024

'Over the next 12 months, it will be difficult to make 15 to 20 per cent return in the markets as the valuations appear stretched.'

10 Skills You Need For A Career In AI

10 Skills You Need For A Career In AI

Rediff.com1 Oct 2024

Jobs requiring AI skills carry a significant wage premium, with some roles offering up to a 25 per cent increase in wages, notes Manoj Nagpal, vice president, professional services, OpenText, an information management company.

'Do I've To Pay LTCG On Surrendered ULIP?'

'Do I've To Pay LTCG On Surrendered ULIP?'

Rediff.com27 Aug 2024

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

LIC eyes less than 50% stake in standalone health insurance company

LIC eyes less than 50% stake in standalone health insurance company

Rediff.com4 Oct 2024

State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. "LIC doesn't need a composite licence. "Even if it is introduced, they will not opt for it.

The aviator: How Ratan Tata finally made his group fly

The aviator: How Ratan Tata finally made his group fly

Rediff.com11 Oct 2024

In a December 2012 interview, Ratan Tata, then preparing to step down as chairman of Tata Sons, expressed doubts about the Tata group re-entering the aviation sector, calling it a space plagued by "destructive competition". But beneath that frustration lay nearly two decades of failed attempts to conquer the Indian skies. In 1994, Tata, along with Singapore Airlines, had plans to launch a joint venture (JV) airline in India.

Mining majors give a miss to country's maiden critical minerals auction

Mining majors give a miss to country's maiden critical minerals auction

Rediff.com25 Jun 2024

The maiden, critical mineral auction in India has failed to enthuse the mining industry, with the first tranche achieving less than a 50 per cent success rate and the auction of several mines was cancelled owing to low response. The results, announced by the Ministry of Mines on Monday, showed that six lesser-known companies emerged as preferred bidders. Among these were Agrasen Sponge, Kundan Gold Mines, Dalmia Bharat Refractories, Sagar Stone Industries, and Maiki South Mining.

Smart Tips To Spend Your Diwali Bonus

Smart Tips To Spend Your Diwali Bonus

Rediff.com25 Oct 2024

If you lack an emergency fund or it is depleted, use part of your bonus to build or replenish it.

'Any Exemption In STCG On Equity Sale?'

'Any Exemption In STCG On Equity Sale?'

Rediff.com1 Aug 2024

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

Max Life plans to hire 30K agents, open up to 100 offices in FY25

Max Life plans to hire 30K agents, open up to 100 offices in FY25

Rediff.com30 May 2024

Max Life Insurance plans to hire 30,000 agents and open 50 to 100 new offices in the financial year 2024-25 (FY25) to drive premium growth, said Prashant Tripathy, managing director and chief executive officer of the company. The private insurer's total agent count will rise to 1,30,000 in FY25. It added 47,957 agents in FY24, 54 per cent more than the year before.

Base effect to hit life insurers' March biz

Base effect to hit life insurers' March biz

Rediff.com21 Mar 2024

New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies, insurers said. In the Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit-linked insurance plans or Ulips) with an aggregate premium exceeding Rs 5 lakh would be taxed. This rule came into effect on April 1, 2023. In March 2023, the NBP of life insurance companies witnessed a strong growth after the tax announcement. Premiums rose by 14.45 per cent year-on-year (Y-o-Y) to Rs 59,608.83 crore in March 2023 from Rs 52,081.12 crore.

With polls due in February, Atishi has her task cut out

With polls due in February, Atishi has her task cut out

Rediff.com17 Sep 2024

Delhi Chief Minister-designate Atishi will have to hit the ground running to accelerate the city government's functioning and ensure that the flagship projects and schemes are back on track in view of the assembly polls due in February.

Kia Sonet: A Facelift for an Urban Favorite

Kia Sonet: A Facelift for an Urban Favorite

Rediff.com30 Sep 2024

While the exterior has undergone minor refinements, the real improvements lie within, notes Rajesh Karkera/Rediff.com.

JSW MG to launch 4 luxury cars

JSW MG to launch 4 luxury cars

Rediff.com20 Sep 2024

The first luxury car will be launched in the first quarter of 2025 and the company is planning to open 12 'MG Select' showrooms in the next six months.

Should You Go For Ulips?

Should You Go For Ulips?

Rediff.com28 Jun 2024

'If you are investing in a Ulip for returns, go for a type I Ulip.' 'If you are investing for insurance cover as well, type II is better.'

'Will end year with a growth rate of over 30 per cent'

'Will end year with a growth rate of over 30 per cent'

Rediff.com13 Apr 2024

'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'

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.