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LML owner sues Bajaj Auto over 'Freedom' trademark

LML owner sues Bajaj Auto over 'Freedom' trademark

Rediff.com4 Oct 2024

SG Corporate Mobility - the parent company of the Indian two-wheeler brand LML - has taken auto major Bajaj Auto to high court, claiming that it was illegally using its 'Freedom' trademark in newly-launched Bajaj Freedom CNG motorbikes, the company said in a statement on Thursday. SG Corporate Mobility claims that the term 'Freedom' has a deep-rooted association dating back to 2002 when the company had introduced its 'LML Freedom' motorcycle. The trademark 'Freedom,' along with the 'LML' brand, was officially assigned to SG Corporate Mobility in 2021 after being transferred by LML.

Zomato ties up with IRCTC for food delivery

Zomato ties up with IRCTC for food delivery

Rediff.com16 Sep 2024

Food aggregating platform Zomato, announced its collaboration with the Indian Railway Catering and Tourism Corporation (IRCTC) with its latest offering - 'Zomato - Food Delivery in Trains'. This collaboration aims to transform train journeys, enabling passengers to enjoy a variety of dishes from the comfort of their train seats. The service is currently live across 88 cities.

Amazon Pay UPI surpasses 100 million customers, marking a major milestone

Amazon Pay UPI surpasses 100 million customers, marking a major milestone

Rediff.com27 Aug 2024

Amazon Pay UPI has crossed 100 million customers, with the online platform used mainly for e-commerce transactions, utility bill payments and mobile recharges, the company announced on Monday.

RBI Warns Use Of CBDC As Crisis Safe Haven

RBI Warns Use Of CBDC As Crisis Safe Haven

Rediff.com14 Aug 2024

'The impact of CBDC on deposits and deposit insurance is largely unknown.'

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

Rediff.com26 Apr 2024

Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.

Is Technology Important In Banking?

Is Technology Important In Banking?

Rediff.com14 Mar 2024

'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'

'Strong growth in electric vehicles has slowed down a bit'

'Strong growth in electric vehicles has slowed down a bit'

Rediff.com13 Mar 2024

'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'

What PhonePe did differently from Paytm

What PhonePe did differently from Paytm

Rediff.com12 Mar 2024

'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'

After multiple attacks, China hires private agency to secure assets overseas

After multiple attacks, China hires private agency to secure assets overseas

Rediff.com28 Dec 2023

This may be in line with Russia's private military company, Wagner Group, which was controlled until 2023 by Yevgeny Prigozhin, a former close ally of Russia's president Vladimir Putin. The group used the infrastructure of the Russian Armed Forces.

India In 2023: 'Looking Like A Wow'

India In 2023: 'Looking Like A Wow'

Rediff.com27 Dec 2023

'An important dimension that shone through was the enormous pride in India, a general belief that as Indians we are starting to count globally and we are at the forefront of the world.'

CRISIL Ratings places Vedanta under watch with negative implications

CRISIL Ratings places Vedanta under watch with negative implications

Rediff.com6 Oct 2023

CRISIL Ratings on Thursday placed the long-term bank facilities and debt instruments of Vedanta Limited under 'rating watch with negative implications', the agency said in a press statement. CRISIL said the ratings may also be downgraded if Vedanta is not able to bring down its end-of-year financial leverage to below 2.7 times through asset monetisation, which is to be completed by December this year.

Demand for frontline jobs decreased by 17.5% in FY23

Demand for frontline jobs decreased by 17.5% in FY23

Rediff.com25 Sep 2023

Having seen a rapid growth in demand for frontline workers in FY22 with the economy opening up, the growth seems to have muted in FY23 due to macroeconomic challenges. According to BetterPlace's Frontline Index Report, total demand for frontline jobs decreased by 17.5 per cent. In FY23, 6.6 million frontline jobs were created in India as compared to 8 million in FY22.

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

Rediff.com6 Sep 2023

Mukesh Ambani, the patriarch of Reliance Industries (RIL), and Gautam Adani, the chairman of Adani Group of companies, have secured the top positions on the Fortune India Rich List, created in partnership with Waterfield Advisors, with respective wealth of $99.7 billion and $63.71 billion. With a wealth of $34.6 billion, the Mistry family of Shapoorji Pallonji Group holds the third position on the list, while the Poonawalla family, owners of vaccine maker Serum Institute, with a wealth of $32.9 billion, stands fourth. Stockbroker and founder of D-Mart-branded grocery stores, Radhakishan Damani, claims the fifth spot on the India Rich List with a wealth of $23.4 billion

Infosys rolls out 80% average variable payout for Q1

Infosys rolls out 80% average variable payout for Q1

Rediff.com24 Aug 2023

Bengaluru-based Infosys has announced that 80 per cent of the variable pay will be distributed to eligible employees for the quarter ending June 30, according to media reports. This amount will be included with the August month's salary. In contrast, Infosys had paid out 60 per cent of the variable pay in the fourth quarter of financial year FY23.

Surat bourse pips Pentagon as the world's largest office building

Surat bourse pips Pentagon as the world's largest office building

Rediff.com19 Jul 2023

A newly opened building in the diamond hub of Surat in Gujarat has surpassed the Pentagon as the world's largest office building, according to a report in CNN. Surat Diamond Bourse, billed as a "one-stop destination" for over 65,000 diamond professionals, including cutters, polishers and traders, will welcome its first occupants in November, the report said. It features a succession of nine rectangular structures spilling out from - and interconnected via - a central "spine", and the sprawling 15-storey complex has been built across more than 35 acres.

27% MPs Have Studied Up To Class 12

27% MPs Have Studied Up To Class 12

Rediff.com26 Jun 2023

The 17th Lok Sabha has 12 per cent of its members below the age of 40. This is more than the 16th Lok Sabha, which had 8 per cent of MPs below the age of 40.

28 Assemblies Met For 21 Days In 2022

28 Assemblies Met For 21 Days In 2022

Rediff.com19 Jun 2023

Kerala had the highest number of average sitting days at 48 days a year, followed by Odisha (41) and Karnataka (35).

Shares of Zomato rise above their IPO price after more than a year

Shares of Zomato rise above their IPO price after more than a year

Rediff.com9 Jun 2023

Shares of online food delivery aggregator Zomato rose above their initial public offering price after more than a year. The stock hit an intraday high of Rs 76.3 per share before settling at Rs 75.8. The company had priced its shares at Rs 76 during Rs 9,375-crore IPO in July 2021.

Bank Nifty hits a new high on strong Q4 show by most lenders, FPI buying

Bank Nifty hits a new high on strong Q4 show by most lenders, FPI buying

Rediff.com7 Jun 2023

Continuing buying interest across the pack helped the Bank Nifty index improve its new high on Tuesday (May 30). The index of banking stocks ended Tuesday's session at 44,436, a gain of 124 points or 0.3 per cent. On Monday (May 29), Bank Nifty hit a new high after a gap of 166 days.

Modi @ 9: Markets return in line with long-term trend

Modi @ 9: Markets return in line with long-term trend

Rediff.com2 Jun 2023

Improvement in financial savings channelised massive inflows into the equities market through the mutual fund route.

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