News for 'pvt'

No more extensions: IndiGo gets DGCA ultimatum on Turkish plane lease

No more extensions: IndiGo gets DGCA ultimatum on Turkish plane lease

Rediff.com30 May 2025

The development also comes against the backdrop of Turkiye backing Pakistan and condemning India's strikes on terror camps in the neighbouring country earlier this month.

How Jane Street Made Rs 36,500 Crore

How Jane Street Made Rs 36,500 Crore

Rediff.com7 Jul 2025

SEBI alleges Jane Street placed bets on the stock market falling and then acted in a way to make the market actually fall so it could win its bet.

Tribunal stays insolvency proceedings against RInfra

Tribunal stays insolvency proceedings against RInfra

Rediff.com4 Jun 2025

In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it.

How US-based Jane Street siphoned Rs 36,000 cr from Indian markets

How US-based Jane Street siphoned Rs 36,000 cr from Indian markets

Rediff.com4 Jul 2025

The strategy was straightforward - aggressively buy select Bank Nifty index stocks in the morning and sell them just as forcefully later in the day, triggering a sharp drop in share prices.

RCB official Sosale gets interim bail in stampede case

RCB official Sosale gets interim bail in stampede case

Rediff.com13 Jun 2025

Royal Challengers Bengaluru's senior official Nikhil Sosale was arrested over the June 4 stampede in Bengaluru during RCB's IPL title triumph celebrations on June 4.

Pvt corporate sector posts 8% on-year sales growth in Q3

Pvt corporate sector posts 8% on-year sales growth in Q3

Rediff.com25 Feb 2025

The private corporate sector showed improvements across various segments in the third quarter of the current financial year (Q3FY25), with the operating profit margin of listed non-financial companies increasing sequentially by 50 basis points (bps) to 16.2 per cent, according to the Reserve Bank of India (RBI) data released on Monday. Sales of listed private non-financial companies increased by 8.0 per cent during Q3FY25, compared to 5.5 per cent in the corresponding quarter a year ago. It was, however, 5.4 per cent in Q2FY25.

Char Dham helicopter services suspended for 2 days after fatal crash

Char Dham helicopter services suspended for 2 days after fatal crash

Rediff.com15 Jun 2025

After chairing an emergency meeting with senior officials to discuss the situation, Chief Minister Pushkar Singh Dhami said that heli services on the Char Dham route will remain suspended for two days, as the weather is bad and the safety of the passengers is the government's top priority.

Can't act as an agent or mouthpiece of police: Delhi court

Can't act as an agent or mouthpiece of police: Delhi court

Rediff.com17 Jun 2025

The court cannot act as an agent or mouthpiece of the police, and it is under solemn obligation to independently apply its mind to the chargesheet, without borrowing the opinion of the IO.

PayPal receives RBI nod to operate as cross-border payment aggregator

PayPal receives RBI nod to operate as cross-border payment aggregator

Rediff.com28 May 2025

PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregatorross Borderxports (PA-CB-E). This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets, the company said in a statement.

Mithi river 'scam': ED raids Dino Morea's residence

Mithi river 'scam': ED raids Dino Morea's residence

Rediff.com6 Jun 2025

The fraud is alleged to have caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC).

Bengaluru Stampede: Activist files police complaint against Virat Kohli

Bengaluru Stampede: Activist files police complaint against Virat Kohli

Rediff.com7 Jun 2025

A formal complaint has been lodged against Royal Challengers Bengaluru's star batter Virat Kohli Cubbon Park Police Station in Bengaluru on Friday by social activist H M Venkatesh.

Char Dham chopper crashes raise alarm: 5 mishaps, 13 deaths in 6 weeks

Char Dham chopper crashes raise alarm: 5 mishaps, 13 deaths in 6 weeks

Rediff.com15 Jun 2025

Soon after the crash on Sunday, Chief Minister Pushkar Singh Dhami held an emergency meeting and asked senior officials to prepare a strict SOP (standard operating procedure) for heli services in the state, making a thorough check of the technical condition of the choppers mandatory.

Why ED slapped Rs 611-cr notice on Paytm

Why ED slapped Rs 611-cr notice on Paytm

Rediff.com3 Mar 2025

The Enforcement Directorate on Monday said it has issued a Rs 611 crore show cause notice to Paytm's parent company and linked entities for "contravention" of the FEMA on various counts.

Jio Financial gets Sebi nod for mutual fund business

Jio Financial gets Sebi nod for mutual fund business

Rediff.com27 May 2025

Jio BlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock, has received regulatory approval from the capital market regulator Sebi to commence operations as an investment manager for its mutual fund business. The Securities and Exchange Board of India (Sebi), vide letter dated May 26, 2025, has granted the certificate of registration to 'Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for Jio BlackRock Mutual Fund, JFSL said in a regulatory filing.

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

Rediff.com27 May 2025

InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore ($1.33 billion) through a block deal, according to sources. Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said.

Act against Pakistan's terror ecosystem: India to Turkiye

Act against Pakistan's terror ecosystem: India to Turkiye

Rediff.com23 May 2025

India expects Turkiye to strongly urge Pakistan to end its support to cross-border terrorism, said ministry of external affairs spokesperson, Randhir Jaiswal during the weekly briefing on Thursday.

5 crashes, zero action: Kedarnath's air safety crisis deepens

5 crashes, zero action: Kedarnath's air safety crisis deepens

Rediff.com17 Jun 2025

The recent helicopter crash near Kedarnath, in which seven lives were lost, has proven yet again that aviation regulatory authorities have not learnt lessons from similar air mishaps in the challenging Kedar valley and have done little to improve flying conditions.

Champak takes IPL to Court over robo dog name

Champak takes IPL to Court over robo dog name

Rediff.com30 Apr 2025

The Delhi High Court has sought a response from the Board of Control for Cricket in India (BCCI) regarding a trademark infringement claim filed by Champak magazine.

Delhi HC quashes RCB's plea against Uber ad

Delhi HC quashes RCB's plea against Uber ad

Rediff.com5 May 2025

Earlier, describing the video advertisement, RCB's counsel said the cricketer could be seen running towards Bengaluru cricket stadium with an aim to vandalise the signage of "Bengaluru Vs Hyderabad", takes a spray paint and writes "Royally Challenged" before Bengaluru making it "Royally Challenged Bengaluru" which disparages RCB's mark.

British American Tobacco sells 2.5% stake in ITC for Rs 12,927 crore

British American Tobacco sells 2.5% stake in ITC for Rs 12,927 crore

Rediff.com28 May 2025

British multinational BAT Plc on Wednesday trimmed its ownership in conglomerate ITC by divesting a 2.5 per cent stake for Rs 12,927 crore ($1.51 billion) through a block deal, according to a revised term sheet accessed by PTI. Following the stake sale, shares of ITC went lower by 1.15 per cent to trade at Rs 421.15 apiece on the NSE.

ED seizes Rs 1.5 cr from L2: Empuraan producer's company

ED seizes Rs 1.5 cr from L2: Empuraan producer's company

Rediff.com5 Apr 2025

The Enforcement Directorate (ED) has seized Rs 1.5 crore in cash from the premises of a chit fund company owned by Gokulam Gopalan, one of the producers of the Malayalam movie "L2: Empuraan", in connection with foreign exchange law violations. The searches were conducted at locations in Kozhikode, Kerala and Chennai, Tamil Nadu. The ED alleged that the company collected subscription to chit funds from persons residing outside India without due permission and violated regulations framed by the Reserve Bank of India (RBI).

Chopper crashes near Kedarnath, all 7 on board killed; AAIB to probe

Chopper crashes near Kedarnath, all 7 on board killed; AAIB to probe

Rediff.com15 Jun 2025

Rudraprayag District Disaster Management Officer Nandan Singh Rajwar told PTI that the accident took place above the forests of Gaurikund amid poor visibility due to bad weather.

Why these two ministries are unhappy with Ola Electric

Why these two ministries are unhappy with Ola Electric

Rediff.com21 Mar 2025

Ola Electric Mobility Ltd on Friday said ministries of heavy industries, and road transport and highways have sought information from the company over gap in vehicle registrations as per the Vahan portal and sales as per the firm's regulatory filing. Besides, the ministries have also sought clarification on reports "regarding non-compliance to the requirement of trade certificates", Ola Electric Mobility said in a regulatory filing.

Seized cash, gold worth Rs 52 cr belonged to MP ex-cop, claims ED

Seized cash, gold worth Rs 52 cr belonged to MP ex-cop, claims ED

Rediff.com26 Mar 2025

The Enforcement Directorate (ED) in India has declared that cash and gold worth approximately Rs 52 crore, seized from an abandoned SUV in Madhya Pradesh last year, belonged to former state transport department constable Saurabh Sharma. The ED's statement ends months of speculation about the ownership of the seized assets and comes as part of an ongoing investigation into corruption charges against Sharma. The agency has also attached assets worth Rs 92.07 crore belonging to Sharma and his associates, alleging they were acquired through illegal means.

How To Apply For Global Scholarship Programme AIS

How To Apply For Global Scholarship Programme AIS

Rediff.com29 Apr 2025

AIS Technolabs' Global Scholarship Program 2025 offers financial support and leadership opportunities to undergraduate and postgraduate students from around the world, in any field of study.

Arrested on CM's order: RCB official tells HC

Arrested on CM's order: RCB official tells HC

Rediff.com9 Jun 2025

The Karnataka high court on Monday did not grant interim relief to Nikhil Sosale, head of marketing, Royal Challengers Bengaluru (RCB), who was arrested on June 6 in connection with the fatal stampede near M Chinnaswamy Stadium, and adjourned the matter for hearing on Tuesday.

Four IPOs worth Rs 6600 to hit D-Street next week

Four IPOs worth Rs 6600 to hit D-Street next week

Rediff.com25 May 2025

The initial public offering (IPO) lane will be busy next week, with four main-line companies, including Leela Palaces Hotels & Resorts operator Schloss Bangalore Ltd and Aegis Vopak Terminals tapping the primary market to raise over Rs 6,600 crore collectively.

SC refuses stay on Adani's Dharavi redevelopment project

SC refuses stay on Adani's Dharavi redevelopment project

Rediff.com7 Mar 2025

The Supreme Court of India has refused to halt the redevelopment project of Dharavi in Mumbai, allowing the Adani Group to proceed with their project. The court rejected a plea from Seclink Technologies Corporation, the original highest bidder for the project in 2018, which challenged the tender process and the award to Adani Properties Pvt Ltd in 2022. The court directed Adani Properties to make payments through a single bank account and ordered Seclink Technologies to file an affidavit detailing their increased offer for the project. The project work has already commenced, with constructions underway and 2,000 people employed on the site.

'I Was Only Left In My Underwear'

'I Was Only Left In My Underwear'

Rediff.com19 Jun 2025

'As they assaulted me, they kept shouting, "So, you rascal, you speak against officers? Against ministers?" -- and each accusation was accompanied by more blows. 'Seeing that I could not get up, they began stamping on me with their feet and continued until they were exhausted.' Pinarayi Vijayan -- now Kerala's chief minister -- was imprisoned during the Emergency. This is his account of what the police torture he suffered in jail. A revealing excerpt from Goa Governor P S Sreedharan Pillai's Democracy Enchained, Nation Disgraced: Dark Days Of India's Emergency. The first of a series to mark 50 years of the Emergency.

Head-ache? RCB sue Uber over 'demeaning' ad

Head-ache? RCB sue Uber over 'demeaning' ad

Rediff.com17 Apr 2025

Royal Challengers Bengaluru (RCB) moved the Delhi High Court on Thursday and accused an YouTube advertisement of disparaging its trademark.

Tesla's EVs to start rolling out of Satara in Maharashtra?

Tesla's EVs to start rolling out of Satara in Maharashtra?

Rediff.com19 May 2025

The US carmaker's entry into India is expected by the last quarter of the current financial year.

Trump vs Harvard: 'Don't Panic. Harvard Is Not The Only Path To Success'

Trump vs Harvard: 'Don't Panic. Harvard Is Not The Only Path To Success'

Rediff.com26 May 2025

Amidst growing panic over Trump's ban on Harvard's international student enrolment, overseas education consultants have this advice for Indian students.

Adani Group to redevelop Mumbai's Motilal Nagar

Adani Group to redevelop Mumbai's Motilal Nagar

Rediff.com12 Mar 2025

Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.

Adani wins Rs 36,000-cr Mumbai project

Adani wins Rs 36,000-cr Mumbai project

Rediff.com12 Mar 2025

After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).

How ITC plans to build a future-ready portfolio

How ITC plans to build a future-ready portfolio

Rediff.com6 May 2025

There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.

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.

R Ashwin 'theru': Chennai street to be named after spinner

R Ashwin 'theru': Chennai street to be named after spinner

Rediff.com21 Mar 2025

The GCC had sought and received government approval to pass a resolution for the renaming of the street.

BJP tops 2023-24 donations with Rs ...

BJP tops 2023-24 donations with Rs ...

Rediff.com7 Apr 2025

The BJP received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to a report by poll rights body the Association for Democratic Reforms (ADR). The report, based on data submitted to the Election Commission, highlighted trends in political donations above Rs 20,000. The total declared donations to national parties stood at Rs 2,544.28 crore from 12,547 contributions - a sharp 199 per cent increase compared to the previous year.

Tax Tips For NRIs, Retirees And The Salaried

Tax Tips For NRIs, Retirees And The Salaried

Rediff.com28 Apr 2025

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

Haldiram's Delhi and Nagpur arms complete merger of FMCG biz

Haldiram's Delhi and Nagpur arms complete merger of FMCG biz

Rediff.com8 Apr 2025

The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Private Ltd has been completed, informed its CEO Krishan Kumar Chutani on the social media platform LinkedIn. "A new chapter begins in the Haldiram story, and it's a significant one," Chutani posted on LinkedIn on Monday.