News for 'purchasing managers'

When And How To Withdraw Your NPS Funds

When And How To Withdraw Your NPS Funds

Rediff.com23 Jul 2024

Ramalingam Kalirajan dives into the specifics of NPS withdrawal rules to help you understand the conditions under which and when partial withdrawals are allowed.

Disclose PEDs For Chronic Care Cover

Disclose PEDs For Chronic Care Cover

Rediff.com13 May 2024

A crucial point anyone purchasing health insurance must heed is the need to declare PEDs.

LG nod for CBI probe into Kejriwal govt's 1,000 low-floor bus purchase

LG nod for CBI probe into Kejriwal govt's 1,000 low-floor bus purchase

Rediff.com11 Sep 2022

A complaint addressed to Saxena in June this year had claimed that the appointment of the minister of transport as the chairman of the committee for tendering and procurement of buses by Delhi Transport Corporation was done in a "premeditated manner".

India Should Be Battle Ready With China

India Should Be Battle Ready With China

Rediff.com14 Aug 2024

'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).

Want To Have Steady Income? SWP Can Help

Want To Have Steady Income? SWP Can Help

Rediff.com2 Sep 2024

Systematic Withdrawal Plan, or SWP, can help you achieve your financial goals. Ramalingam Kalirajan's step-by-step guide on how to effectively use an SWP.

India's manufacturing activities remain strong in October

India's manufacturing activities remain strong in October

Rediff.com1 Nov 2022

Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on Tuesday. The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was up from 55.1 in September to 55.3 in October. The October PMI data pointed to an improvement in overall operating conditions for the 16th straight month.

Investing in IPOs: What First-Time Investors Must Know

Investing in IPOs: What First-Time Investors Must Know

Rediff.com11 Jul 2024

Are you a first-time IPO investor? Even if IPOs appear attractive with expectations of high returns, they come with risks and complexities, cautions Sheetal Jhaveri and shares her checklist to help you navigate through the world of IPOs

How markets will fare this week

How markets will fare this week

Rediff.com3 Dec 2023

Global trends, trading activity of foreign investors, outcome of state elections and RBI's interest rate decision are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "Global markets are currently in a fabulous mood. The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd. On the political front, the results of assembly elections in five states are eagerly anticipated, Gour said.

Bharti dials up UK telecom play with $4 bn stake in BT

Bharti dials up UK telecom play with $4 bn stake in BT

Rediff.com13 Aug 2024

Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .

India Shining Under Modi In International Arena

India Shining Under Modi In International Arena

Rediff.com1 Oct 2024

PM Modi went to New York this time not to engage in polemics, but to find solutions to global problems. He made some progress on several matters, even on reform of the UN Security Council, when the US made a major concession for the first time that six permanent members without veto, including India, could be considered

Markets to focus on RBI's interest rate decision, global trends

Markets to focus on RBI's interest rate decision, global trends

Rediff.com1 Oct 2023

RBI's interest rate decision, macroeconomic data, global trends and trading activity of foreign investors are the crucial factors to drive equity markets in a holiday-shortened week ahead, analysts said. Markets would remain closed on Monday for Gandhi Jayanti. "While global cues will continue to dictate trends in local markets, focus will shift to RBI's monetary policy announcement on Friday. "Although the market is expecting a status quo on interest rates, global concerns like rising US dollar index and bond yields coupled with surging crude oil prices continue to weigh on investors' minds.

'Rural consumption to do well going forward'

'Rural consumption to do well going forward'

Rediff.com18 Aug 2024

'Food inflation is important and if that is controlled, then consumption will go up.'

'We Have An Indian Tiger That Needs To Be Uncaged'

'We Have An Indian Tiger That Needs To Be Uncaged'

Rediff.com10 Oct 2024

'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'

'Invest 10-15% Of Your Portfolio In Gold'

'Invest 10-15% Of Your Portfolio In Gold'

Rediff.com1 May 2024

Gold is an excellent asset class for diversification and should be included in all long-term portfolios.

'Kashmiri Youth Don't Want To Die'

'Kashmiri Youth Don't Want To Die'

Rediff.com8 Oct 2024

'...or go to jail.' 'The government is getting them silenced.'

Vodafone sells 18% stake in Indus Towers for Rs 15,300 crore

Vodafone sells 18% stake in Indus Towers for Rs 15,300 crore

Rediff.com20 Jun 2024

British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). Meanwhile, Bharti Airtel has increased its stake by acquiring 2.69 crore shares, representing a 1 per cent stake, in Indus Towers. The shares were acquired by Airtel at an average price of Rs 320 apiece, taking the transaction value to Rs 862.38 crore, as per the bulk deal data.

Health Premiums Rise: How To Stay Covered

Health Premiums Rise: How To Stay Covered

Rediff.com21 Aug 2024

Consider a combination of a base policy and a super top-up policy.

Tyger Capital to list by next year, targets Rs 20,000 crore book

Tyger Capital to list by next year, targets Rs 20,000 crore book

Rediff.com12 Jul 2024

Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs 20,000 crore in five years from Rs 5,000 crore now, Gaurav Gupta, MD and CEO of the firm said. In an exclusive interview, Gupta said that keeping with the growing business, the finance company expects to on-board 600 people in the current financial year as it is opening 60-65 new branches for broad-basing its network in the country.

Qwik Supply 3rd biggest electoral bond buyer; RIL says not ours

Qwik Supply 3rd biggest electoral bond buyer; RIL says not ours

Rediff.com15 Mar 2024

It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.

Air India sale: Govt signs share purchase agreement with Tata Sons

Air India sale: Govt signs share purchase agreement with Tata Sons

Rediff.com25 Oct 2021

The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.

Who's Buying Luxury Cars In Small Cities?

Who's Buying Luxury Cars In Small Cities?

Rediff.com19 Aug 2024

The rise of startups and a thriving entrepreneurial culture in Tier-II and Tier-III cities is contributing to the increasing sales of high-end cars.

NPS vs UPS: Which is Best for YOU?

NPS vs UPS: Which is Best for YOU?

Rediff.com6 Sep 2024

Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.

Qwik Supply with RIL links donated Rs 385 cr to BJP, Rs 25 cr to Shiv Sena

Qwik Supply with RIL links donated Rs 385 cr to BJP, Rs 25 cr to Shiv Sena

Rediff.com22 Mar 2024

Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP.

Services sector activity touches 13-year high in Sep

Services sector activity touches 13-year high in Sep

Rediff.com5 Oct 2023

The services sector growth in India rose to a 13-year high in September on sharp increase in new business amid strong demand conditions, and job numbers continued to increase as overall business mood improved, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.

Services sector activity in India hits 1-year low in Nov

Services sector activity in India hits 1-year low in Nov

Rediff.com5 Dec 2023

The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.

Related-party transactions: Rs 2.68 trn awaits shareholder nod this week

Related-party transactions: Rs 2.68 trn awaits shareholder nod this week

Rediff.com24 Jun 2024

Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.

Know the Budget Impact on Your Finances

Know the Budget Impact on Your Finances

Rediff.com23 Jul 2024

'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'

'No Intention Of A Takeover in British Telecom'

'No Intention Of A Takeover in British Telecom'

Rediff.com22 Aug 2024

'We operate in 16 countries already, and therefore adding the UK to it, and beginning a chapter in the European continent is the next step.'

Protests Hit Retail Ahead of Durga Puja

Protests Hit Retail Ahead of Durga Puja

Rediff.com7 Sep 2024

West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.

Investors pin hope on govt support amid under-recoveries of BPCL, HPCL

Investors pin hope on govt support amid under-recoveries of BPCL, HPCL

Rediff.com7 Aug 2024

The market responded positively to the Q1 results of oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) despite numbers being weaker than consensus. BPCL's reported gross refining margin (GRM) was in line at $7.9 per barrel (bbl) in Q1FY25, which implies marketing margin stood at Rs 4.8 per litre. Standalone profit after tax or PAT at Rs 3,000 crore was down versus consensus due to under-recoveries in LPG business.

Data stickiness likely to see users absorb mobile tariff hike: Analysts

Data stickiness likely to see users absorb mobile tariff hike: Analysts

Rediff.com9 Jul 2024

Consumers are unlikely to disconnect their mobile connections and will most likely absorb the up to 22 per cent tariff hike imposed last week by Jio, Airtel, and Vodafone Idea (Vi), according to analysts. The last major tariff hike in 2021 was followed by a 4-5 per cent SIM consolidation, with people leaving mobile operators with more expensive plans for their peers offering comparatively affordable options.

Real estate players deploy AI, plug into AR and VR tech to boost sales

Real estate players deploy AI, plug into AR and VR tech to boost sales

Rediff.com16 Jan 2024

Buying one's dream home requires planning, funds, and these days, putting on an AI-enabled virtual reality (VR) headset. Realtors are increasingly providing customers an immersive experience, courtesy generative artificial intelligence (GenAI), mixed reality, and metaverse. For realty consultancy Anarock group, AI and machine learning (ML) are enabling predictive market analysis, facilitating virtual property tours, and improving property management through predictive maintenance.

Your Tax Questions Answered

Your Tax Questions Answered

Rediff.com6 Aug 2024

rediffGURU T S Khurana answers readers' personal income tax queries.

'Where Shall An NRI Park Returns?'

'Where Shall An NRI Park Returns?'

Rediff.com27 Jun 2024

rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries

Why You Must Review Mid-Year Finances

Why You Must Review Mid-Year Finances

Rediff.com9 Jul 2024

'A mid-year review makes the end-of-year financial review manageable and less stressful.'

SC gives SBI 24 hours to release electoral bonds data

SC gives SBI 24 hours to release electoral bonds data

Rediff.com11 Mar 2024

Chastising the State Bank of India, the Supreme Court on Monday ordered it to disclose the details of the electoral bonds encashed by political parties to the Election Commission by the close of the business hours on March 12 and warned the country's largest public sector lender that the court may proceed against it for 'wilful disobedience' if it failed to comply with its directions and deadlines.

Urban consumption likely to propel GDP growth in Jul-Sep

Urban consumption likely to propel GDP growth in Jul-Sep

Rediff.com24 Nov 2023

The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in the June quarter due to a favourable base fading, analysts say the print will be much closer to 7 per cent than the 6.5 per cent anticipated earlier. While the Reserve Bank of India (RBI) had estimated 6.5 per cent growth for July-September, last month Governor Shaktikanta Das said the growth figure would surprise on the upside.

Is Gambhir The Coach Team India Needs?

Is Gambhir The Coach Team India Needs?

Rediff.com23 Jul 2024

Like the billionaire investor Rakesh Jhunjhunwala, Gautam Gambhir, the tenacious former opener-turned-coach, also seems to be governed by instincts while picking unheralded players and turning them into match-winners, points out Vishal Menon.

Improving hiring expectations, investment gains positive for Info Edge

Improving hiring expectations, investment gains positive for Info Edge

Rediff.com6 Apr 2024

Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations. The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a "transformative shift".

Want Stronger Rupee? Manage The Economy

Want Stronger Rupee? Manage The Economy

Rediff.com12 Jul 2022

India's politicians need to do a better job of managing the economy: Inflation control, productivity improvement, etc, asserts T N Ninan.