Eight persons -- engineers and labourers have been trapped under the collapsed roof of the Srisailam Left Bank Canal (SLBC) tunnel since February 22 and the rescue operations are on in full swing to pull them out to safety .
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
South Central Railway has joined the rescue teams that are engaged in locating the eight persons who remain trapped in the partially collapsed SLBC tunnel for the past six days, with necessary equipment, a senior official said on Friday.
Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
Australia on Wednesday unveiled an ambitious roadmap to deepen and diversify its trade and investment ties with India. The roadmap identified four "superhighways of growth" -- clean energy, education and skills, agribusiness, and tourism. Broadly, it sets out a pathway to focus ongoing efforts, including to boost two-way investment, and work with Indian-Australian communities and businesses.
Uttam Ghosh offers his take on the exit polls against the backdrop of increasing crude oil prices.
A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism.
Uttam Ghosh -- like most leaders at the COP26 summit in Glasgow -- is surprised at India's pledge to achieve net zero carbon emissions by 2070.
Rescue efforts to locate eight people trapped in a collapsed tunnel in Telangana continue, with over 500 rescuers working on a war footing. Despite days of intensive search and rescue operations, no breakthrough has been achieved yet. Authorities have dismissed reports of bodies being found in the debris and are working to clear the debris and access the trapped workers. The tunnel collapse occurred on February 22, trapping eight personnel working on the Srisailam Left Bank Canal (SLBC) tunnel project. Among the trapped are two engineers, two operators, and four laborers.
Uttam Ghosh will always remember August 7, 2021, the day an Indian athlete won an Olympic Gold Medal.
In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.
Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports.
Uttam Ghosh offers his take on the Bharat Bandh and the economic concerns that led trade organisations to call for the industrial action.
Uttam Ghosh and Dominic Xavier offer their respective takes on the Modi Sarkar's decision to hike cooking gas LPG prices.
Retail inflation slipped to seven-month low of 3.61 per cent in February mainly due to easing prices of vegetables, eggs, and other protein-rich items, creating space for the RBI to go for another cut in interest rate next month.
A man allegedly poured petrol and set his wife ablaze in Maharashtra's Parbhani district after she gave birth to the couple's third daughter, a police official said on Saturday.
Uttam Ghosh offers his take on the latest hike in fuel prices at a time when the economy is in its worst condition ever.
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
Uttam Ghosh offers his take on Prime Minister Narendra Damodardas Modi's interview where he denied any anti-incumbency against the BJP.
Uttam Ghosh offers his take on the government's startling assertion that no Indian perished during the second COVID-19 wave because of a lack of oxygen supplies.
Equity markets will take cues from the US tariff related developments, global trends and trading activity of foreign investors this week, analysts said.
India's merchandise exports in November dipped by 4.85 per cent to $32.11 billion against $33.75 billion a year ago, according to government data released on Monday. Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month.
Rescue efforts continue in Telangana for eight people trapped in a collapsed tunnel, but hopes for their survival are fading as experts from the Geological Survey of India and the National Geographical Research Institute have been brought in. The tunnel is filled with debris, making the rescue operation extremely difficult. Despite relentless efforts by the Indian Army, Navy, NDRF, and other agencies, no breakthrough has been achieved so far.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Uttam Ghosh offers his take on the Lakhimpur Kheri tragedy.
Uttam Ghosh offers his take on the government notice to Twitter to suspend Cartoonist Manjul's account.
Indian pharmaceutical companies may have units abroad as part of "distributed manufacturing" across various locations, according to industry veterans. This may come about over the next five to 10 years.
Uttam Ghosh offers his take on the controversy that erupted after The Wall Street Journal reported that Facebook may have supported the Bharatiya Janata Party by permitting hate content to be posted on its platform.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
Masked goons attacked the Jawaharlal Nehru University campus on Sunday evening, wounding many students and at least one lady faculty member.
The Telangana government officials would submit a report by February 2 on the caste survey held in the state last year.
Uttam Ghosh offers his take on the alleged attack on Mamata Banerjee.
From the 30 blue-chip stocks, Titan, Asian Paints, Nestle, Tech Mahindra, Reliance Industries, Zomato, Larsen & Toubro and Bajaj Finserv were among the laggards. Adani Ports, Mahindra & Mahindra, Maruti, Sun Pharma, Bharti Airtel and Tata Motors were among the gainers.
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
Uttam Ghosh offers his take on the COVID-19 devastation of India.
Shares worth over Rs 50,000 crore (or approximately $6 billion) are set to become freely tradable between now and April 10. Historically, such substantial volumes have been absorbed by a buoyant block-deal market.
