News for 'rs-2'

Punjab Kings bring in Kiwi quick as injury replacement

Punjab Kings bring in Kiwi quick as injury replacement

Rediff.com15 May 2025

PBKS sign Kiwi pacer Jamieson for injured Ferguson; RCB skipper Patidar bats at nets

Sensex climbs 261 points tracking rally in global equities

Sensex climbs 261 points tracking rally in global equities

Rediff.com4 Jun 2025

From the Sensex firms, Eternal climbed 3.32 per cent. Bharti Airtel, IndusInd Bank, Tech Mahindra, Reliance Industries, Tata Motors, HDFC Bank, Tata Steel and Hindustan Unilever were the other major gainers. However, Bajaj Finserv, Axis Bank, Tata Consultancy Services, Titan and Larsen & Toubro were among the laggards.

JSW Paints to buy Akzo Nobel India in Rs 8,986-crore deal

JSW Paints to buy Akzo Nobel India in Rs 8,986-crore deal

Rediff.com27 Jun 2025

JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.

Lilavati Trust says no dues owed to HDFC Bank

Lilavati Trust says no dues owed to HDFC Bank

Rediff.com10 Jun 2025

Launching a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Monday said the trust or its permanent trustee Prashant Kishor Mehta has no outstanding dues to the private bank. It has never borrowed a single rupee from the bank nor they are connected to the borrowing company (Splendour Gems Ltd) in question whatsoever, LKMM said in a statement.

Bank of Baroda, HDFC Bank reduce lending rates

Bank of Baroda, HDFC Bank reduce lending rates

Rediff.com8 Jun 2025

State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com25 May 2025

Movement in the equity market this week will be guided by a host of macroeconomic data announcements, global trends and trading activity of foreign investors, analysts said. Stocks markets concluded the last week on a subdued note, as investors grappled with global uncertainties.

HDFC Bank junks Lilavati Trust's allegations against CEO Jagdishan

HDFC Bank junks Lilavati Trust's allegations against CEO Jagdishan

Rediff.com8 Jun 2025

HDFC Bank has denied Lilavati Trust's allegation that the bank's MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. The allegation levelled by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), its trustees and officials against the bank's MD and CEO are baseless and malicious, an HDFC Bank's spokesperson said.

Ajit Pawar admits to mistakes in Ladki Bahin payout

Ajit Pawar admits to mistakes in Ladki Bahin payout

Rediff.com2 Jun 2025

Maharashtra Deputy CM Ajit Pawar on Monday admitted to 'mistakes' in distributing financial assistance to all women applicants of the Ladki Bahin scheme launched last year, which he said would be rectified through scrutiny to ensure only genuine beneficiaries receive the aid.

Will You Get Such An Increment This Year?

Will You Get Such An Increment This Year?

Rediff.com7 Apr 2025

The revised salaries of MPs are significantly lower than the salaries drawn by top bureaucrats in the country.

Did You Know What Defence Ministry Did This Year?

Did You Know What Defence Ministry Did This Year?

Rediff.com20 Jun 2025

India fully utilised its military modernisation budget in 2024-2025 -- the first time in five years -- and signed a record Rs 2 trillion defence contracts.

BJP trying to derail Shiv Sena-MNS alliance, alleges Uddhav

BJP trying to derail Shiv Sena-MNS alliance, alleges Uddhav

Rediff.com20 Jun 2025

Shiv Sena-Uddhav Balasaheb Thackeray chief Uddhav Thackeray on Thursday accused the Bharatiya Janata Party of trying to scuttle the possibility of his party's alliance with the Maharashtra Navnirman Sena led by his estranged cousin Raj Thackeray ahead of civic polls.

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

Rediff.com7 May 2025

One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

'Lost Rs 18L In Options Trading. HELP!'

'Lost Rs 18L In Options Trading. HELP!'

Rediff.com2 Jul 2025

Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.

Hyundai exits Ola Electric; sells 2.47% stake for Rs 552 cr

Hyundai exits Ola Electric; sells 2.47% stake for Rs 552 cr

Rediff.com3 Jun 2025

South Korean automaker Hyundai Motor Company on Tuesday exited Ola Electric Mobility by selling its entire 2.47 per cent stake in the company for Rs 552 crore through an open market transaction. According to the bulk deal data available on the NSE, Hyundai Motor Company sold more than 10.88 crore shares or 2.47 per cent stake in Bengaluru-based Ola Electric Mobility.

Cipla Q4 profit up 30% at Rs 1,222 cr

Cipla Q4 profit up 30% at Rs 1,222 cr

Rediff.com14 May 2025

Drug major Cipla on Tuesday said its consolidated net profit increased 30 per cent to Rs 1,222 crore in the fourth quarter ended March 31, 2025. The Mumbai-based drug firm had reported a consolidated net profit of Rs 939 crore for the January-March period a year ago.

'IIFCL book can grow to Rs 4 trn by FY28'

'IIFCL book can grow to Rs 4 trn by FY28'

Rediff.com4 Jun 2025

'Although we are facing constraints related to lending and resource mobilisation, the government is aware of these.'

Radico Khaitan withdraws 'Trikal' whisky brand after outrage

Radico Khaitan withdraws 'Trikal' whisky brand after outrage

Rediff.com29 May 2025

Radico Khaitan is the maker of award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin. Besides, it owns IMFL brands as 8 PM Whisky and Magic Moments Vodka.

Adani Group posts record EBITDA of Rs 90K cr in FY25

Adani Group posts record EBITDA of Rs 90K cr in FY25

Rediff.com22 May 2025

Adani Group's portfolio companies posted their highest-ever pre-tax profit (EBITDA) of about Rs 90,000 crore in the fiscal year ended March 31 and had a cash balance to cover 21 months of debt servicing, the ports-to-energy conglomerate said on Thursday. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) has more than tripled in six years - from Rs 24,870 crore in 2018-19 to Rs 89,806 crore in 2024-25 (April 2024 to March 2025).

Neeraj Chopra Classic rescheduled for July 5, tickets out

Neeraj Chopra Classic rescheduled for July 5, tickets out

Rediff.com3 Jun 2025

The star-studded 12-man event, to be held at the Sree Kanteerava Stadium, will feature seven of the best javelin throwers in the world and five Indians, including Chopra.

Equity MF inflows hit 13-month low in May despite market recovery

Equity MF inflows hit 13-month low in May despite market recovery

Rediff.com11 Jun 2025

Inflows into equity mutual fund (MF) schemes declined in May, logging their lowest tally in 13 months at Rs 19,013 crore. It came even as the gross systematic investment plan (SIP) inflows surged to a record high of Rs 26,688 crore.

Oil: India to save Rs 1.8 lakh cr on import bill

Oil: India to save Rs 1.8 lakh cr on import bill

Rediff.com7 May 2025

India, the world's third largest oil importing and consuming nation, is likely to save as much as Rs 1.8 lakh crore on import of crude oil and LNG if the trend of softening international energy rates continues, Icra said Wednesday. India, which meets over 85 per cent of its crude oil needs through imports, spent $242.4 billion on buying crude from overseas in the fiscal year ended March 31, 2025.

Jabil to set up Rs 2K cr electronics unit in TN

Jabil to set up Rs 2K cr electronics unit in TN

Rediff.com11 Sep 2024

In a sign of the expanding Apple supplier ecosystem in India, American multinational Jabil Inc will set up an electronics manufacturing facility in Tiruchirappalli, Tamil Nadu with an investment of Rs 2,000 crore. Jabil is one of the 14 Apple suppliers in India, of around 200 globally, while another 14 have reportedly received preliminary clearance to form joint ventures with Indian companies to set up facilities. Interestingly, of the 14 existing manufacturing units in the Apple supply chain, seven are already in Tamil Nadu.

Sensex tumbles 645 pts on global sell-off, rising US bond yields

Sensex tumbles 645 pts on global sell-off, rising US bond yields

Rediff.com22 May 2025

From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards. IndusInd Bank, Bharti Airtel and UltraTech Cement were the gainers.

Cocaine worth Rs 2,080 cr seized in Delhi, second big haul in a week

Cocaine worth Rs 2,080 cr seized in Delhi, second big haul in a week

Rediff.com10 Oct 2024

The drugs were hidden inside plastic packets of snacks with 'Tasty Treat' and 'Chatpata Mixture' written on them. About 20-25 such packets kept in cartons were recovered from a small narrow shop in west Delhi's Ramesh Nagar area, the official said.

Former NCP leader, son arrested in dowry suicide case

Former NCP leader, son arrested in dowry suicide case

Rediff.com23 May 2025

A former NCP leader from Pune, Rajendra Hagawane, and his son Sushil were arrested on Friday for their alleged involvement in a dowry harassment and abetment to suicide case involving Hagawane's daughter-in-law. The arrests came after the duo were expelled from the NCP by Deputy Chief Minister Ajit Pawar. The victim, Vaishnavi, had allegedly hanged herself on May 16 at her in-laws' house. Her parents alleged that the Hagawane family had harassed her for dowry despite receiving a substantial amount of gold, silver, and an SUV at the time of her marriage.

Mahayuti to contest local body elections together: Fadnavis

Mahayuti to contest local body elections together: Fadnavis

Rediff.com12 Jun 2025

When asked about Prahar Janshakti Party leader Bachhu Kadu's hunger strike, Fadnavis said district guardian minister Chandrashekar Bawankule will speak to him.

42 Years On... Where Are Kapil's Devils Now?

42 Years On... Where Are Kapil's Devils Now?

Rediff.com25 Jun 2025

42 years of World Cup triumph: A Day that made Indian cricket what it is

CAS favours Inter Kashi, Churchill's I-League crown at risk

CAS favours Inter Kashi, Churchill's I-League crown at risk

Rediff.com17 Jun 2025

Inter Kashi filed an appeal at the Switzerland-based CAS on April 24 against the decision of the AIFF appeals committee and the world's apex sports tribunal ruled in favour of the club on Tuesday.

CSK sign Dewald Brevis to replace injured Gurjapneet

CSK sign Dewald Brevis to replace injured Gurjapneet

Rediff.com18 Apr 2025

CSK rope in South African Dewald Brevis as replacement for injured Gurjapneet.

Adani Group to invest $5-20 bn over next 5 years

Adani Group to invest $5-20 bn over next 5 years

Rediff.com24 Jun 2025

The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.

TaMo eyes 40% CV, 16% PV market share

TaMo eyes 40% CV, 16% PV market share

Rediff.com17 Jun 2025

Tata Motors (TaMo) is aiming to gain market share across its passenger vehicle (PV) and commercial vehicle (CV) businesses - targeting a 40 per cent share in CVs and a 16 per cent share in PVs by 2027. Meanwhile, it has already achieved earnings before interest, tax, depreciation, and amortisation (Ebitda) breakeven in its electric vehicle (EV) business at 1.2 per cent (up 830 basis points), ahead of its target of 2025-26 (FY26).

Rs 2.19 lakh crore given to MHA; majority for CAPFs

Rs 2.19 lakh crore given to MHA; majority for CAPFs

Rediff.com23 Jul 2024

The Union Budget 2024-25 on Tuesday allocated Rs 2,19,643 crore to the Ministry of Home Affairs with the majority of it -- Rs 1,43,275 crore -- being given to central police forces like Central Reserve Police Force (CRPF), Border Security Force (BSF), and Central Industrial Security Force (CISF) which are responsible for internal security, border guarding, and security of vital installations.

Hate speech costs Mukhtar Ansari's son Abbas his UP assembly seat

Hate speech costs Mukhtar Ansari's son Abbas his UP assembly seat

Rediff.com1 Jun 2025

Abbas Ansari, the Suheldev Bharatiya Samaj Party MLA, was sentenced to two years imprisonment in a 2022 hate speech case by a special MP-MLA court on Saturday.

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.'

DIIs overtake FPIs as dominant investors in Indian markets in March quarter

DIIs overtake FPIs as dominant investors in Indian markets in March quarter

Rediff.com3 May 2025

Domestic institutional investors (DIIs), mostly mutual funds and insurance companies, overtook foreign portfolio investors (FPIs) in ownership of NSE-listed companies in the March quarter of 2025. According to Prime Database, DIIs held a 17.62 per cent stake, up from 16.89 per cent in the December 2024 quarter.

Bharti Airtel Q4 profit jumps five-fold to Rs 11,022 cr

Bharti Airtel Q4 profit jumps five-fold to Rs 11,022 cr

Rediff.com13 May 2025

Telecom operator Bharti Airtel posted about a five-fold jump in consolidated net profit to Rs 11,022 crore in the March 2025 quarter, mainly due to the tariff hike impact and one-time gain on tax benefits. Bharti Airtel had posted net profit (attributable to owners of the parent company) of Rs 2,071.6 crore a year ago.

RBI Forex Intervention Hits Highest In 17 Years

RBI Forex Intervention Hits Highest In 17 Years

Rediff.com23 May 2025

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.

Dayanidhi Maran accuses brother Kalanidhi of 'financial crimes'

Dayanidhi Maran accuses brother Kalanidhi of 'financial crimes'

Rediff.com20 Jun 2025

Dravida Munnetra Kazhagam's Lok Sabha MP Dayanidhi Maran has accused his brother Kalanithi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action.

Gold surges Rs 1,800 per 10 gram to breach Rs 1 lakh-mark

Gold surges Rs 1,800 per 10 gram to breach Rs 1 lakh-mark

Rediff.com22 Apr 2025

Gold future prices sustained upward trend for the fourth straight session by surging Rs 2,048 to hit a fresh record high of Rs 100,000 per 10 grams as investors rushed to safe havens after US President Donald Trump indicated plans to overhaul Federal Reserve amid continuing global trade war jitters. On the Multi Commodity Exchange (MCX), the August delivery contract of the yellow metal bounced by Rs 2,048 or 2.1 per cent to hit a fresh peak of Rs 100,000 per 10 grams in the mid-session trade.