Search results for ' Advance'.
Budget may go vocal for higher local procurement
Rediff.com17 Jul 2024To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.
Will Nirmalaji Cheer The Markets?
Rediff.com17 Jul 2024'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
FMCG, telecom and select IT shares help markets touch record highs
Rediff.com16 Jul 2024Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners. On the other hand, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid were among the laggards.
Gawli is 71-72 years old, not what he was in 1980s, says SC
Rediff.com15 Jul 2024The Supreme Court on Monday said it would like to examine the plea of the Maharashtra government, challenging the remission granted to gangster-turned-politician Arun Gawli who is serving a life sentence in a murder case.
Sensex, Nifty close at record highs; SBI among biggest gainers
Rediff.com15 Jul 2024Among Sensex shares, State Bank of India, NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the biggest winners. On the other hand, Asian Paints, Tata Steel, Axis Bank, JSW Steel, Tech Mahindra and Tata Consultancy Services were among the laggards.
RIL net may see sequential dip
Rediff.com15 Jul 2024Consolidated earnings for oil-to-telecom conglomerate Reliance Industries (RIL) may report sequential weakness, and modest year-on-year (Y-o-Y) growth in the June 2024 quarter (Q1FY25), said analysts. Lower refining margins are expected to moderate gains made from other businesses. RIL is slated to report its financial performance for Q1FY25 on July 19.
Why Brands Are Slurping Over Ro-Ko
Rediff.com15 Jul 2024'Their chemistry is organic and authentic, making them an appealing choice for collaborative endorsements.'
PIX: Argentina edge Colombia to win record 16th Copa America
Rediff.com15 Jul 2024Argentina won a record 16th Copa America title by beating Colombia 1-0 thanks to an extra-time goal from substitute Lautaro Martinez.
When Alcaraz left Djokovic, Wimbledon crowd stunned...
Rediff.com15 Jul 202424-time Grand Slam champion Novak Djokovic looked completely powerless as he was pummeled into submission by Spain's Carlos Alcaraz.
How year's most extravagant wedding was made secure
Rediff.com14 Jul 2024Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.
Direct tax mop-up rises 20% to Rs 5.74 lakh cr on higher corporate advance tax
Rediff.com13 Jul 2024Net direct tax collection grew 19.54 per cent to over Rs 5.74 lakh crore so far this fiscal on higher advance tax payment by corporate. The first instalment of advance tax, which was due on June 15, rose 27.34 per cent to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) at Rs 1.14 lakh crore and Personal Income Tax (PIT) at Rs 34,470 crore.
India's Economic Reality And The Hype
Rediff.com13 Jul 2024From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
How R&D Powers India's Himalayan-Altitude Flight
Rediff.com13 Jul 2024HAL's sustained, long-term income will come from the design, development, manufacture, overhaul, and upgrade of a family of helicopters designed for deployment on India's 21,000-foot-high Himalayan frontier with Pakistan and China.
Sindhu, Prannoy get favourable draws at Paris Olympics
Rediff.com12 Jul 2024Two-time Olympic medallist PV Sindhu and HS Prannoy have been handed relatively easy groups for the Paris Games, which begin on July 26.
Tyger Capital to list by next year, targets Rs 20,000 crore book
Rediff.com12 Jul 2024Bain 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.
GST@7: Challenges But Collections Surge
Rediff.com12 Jul 2024Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
Jasprit Bumrah Beyond Numbers
Rediff.com12 Jul 2024159 dismissals in 36 Tests, 149 dismissals in 89 ODIs, and 89 dismissals in 70 T20s are very good by any standards. And yet they don't speak to Bumrah's true value and his special appeal, notes Sreehari Nair.
Biden refers to Zelenskyy as Putin, Kamala as Trump
Rediff.com12 Jul 2024United States President Joe Biden, who is under intense scrutiny over his advanced age, on Thursday introduced Ukraine's Volodymyr Zelenskyy as Russian President Vladimir Putin at a North Atlantic Treaty Organisation (NATO) event and later at a solo press conference in Washington, DC mixed up the names of his vice president, Kamala Harris with the Republican presidential candidate Donald Trump.
Pak-bound ship from China of banned chemicals seized at TN port
Rediff.com11 Jul 2024Pakistan is allegedly working on an offensive chemical and biological warfare program with the help of its 'all-weather friend' China.
What Happens If Biden Drops Out?
Rediff.com11 Jul 2024The Democrats have elected a set of state representatives who will act as an electoral panel. These representatives will have to pick someone else. This could be Vice President Kamala Harris, who is widely seen as a top contender, but is not popular, points out Aakar Patel.
Real estate stocks strategy: Do not cash out fully, say analysts
Rediff.com11 Jul 2024The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
Are Indian Americans deserting Joe Biden?
Rediff.com11 Jul 2024There is a sharp 19 per cent decline in Indian Americans supporting incumbent President Joe Biden between the last election of 2020 and the 2024 election cycle, according to a bi-annual Asian American Voter Survey (AAVS), the longest-running survey of Asian-American voters released on Wednesday.
Starc slams T20 World Cup scheduling
Rediff.com11 Jul 2024'We finished ahead of England (in the group stage) and end up where we were pre-seeded as the second side. All of a sudden, you're in a different group.'
Buried in snow for months, bodies of 3 soldiers recovered
Rediff.com10 Jul 2024The bodies of Havildar Rohit Kumar, Havildar Thakur Bahadur Ale and Naik Gautam Rajbanshi were trapped deep within a crevasse and lay buried under thick layers of ice and large volumes of snow for the past nearly nine months.
Nambi was framed as a Maldivian woman spurned cop's advances: CBI
Rediff.com10 Jul 2024The 1994 Indian Space Research Organisation (ISRO) espionage case, in which former space scientist Nambi Narayanan was falsely implicated, was allegedly created by a then special branch officer of Kerala police to justify his illegal detention of a Maldivian woman in India after she spurned his advances, the Central Bureau of Investigation has told a court in Thiruvananthapuram.
Why Modi Needs To Make Peace With The Opposition
Rediff.com10 Jul 2024Modi's inability to make peace with a renewed Opposition will only embolden his coalition partners and it is just a matter of time before they begin asking probing questions besides politely disagreeing with his tactics, predicts Nilanjan Mukhopadhyay.
June sees new highs for MF industry: equity MF inflows at Rs 40,000 cr, SIPs at Rs 21,000 cr
Rediff.com10 Jul 2024Investors pumped in a record Rs 40,608 crore into equity mutual funds in June, 17 per cent higher than in May 2024, industry body Amfi said on Tuesday. The flows into the systematic investment plans (SIPs) also reached a new high at Rs 21,262 crore for the month, which was higher than the previous high of Rs 20,904 crore recorded in May, it said. The net assets under management (AUM) for the entire MF industry on equity schemes stood at Rs 27.67 lakh crore, while the same from SIPs was Rs 12.43 lakh crore, the body said.
Kathua ambush: 2 terrorists hit during search ops, NIA roped in
Rediff.com9 Jul 2024Security forces tightened their cordon around a forest area in the higher reaches of Doda district on Tuesday evening following an encounter with hiding terrorists, officials said.
Deposits grew slower than loans
Rediff.com9 Jul 2024Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.
Modi-Putin summit: 'No solution on battlefield'
Rediff.com9 Jul 2024Ahead of Modi-Putin talks, the US called upon India to make it clear to Russia that any resolution of the Ukraine conflict must respect the United Nations charter and Ukraine's territorial integrity and sovereignty.
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.'
Wimbledon PIX: Djokovic whips Rune; Fritz stuns Zverev
Rediff.com9 Jul 2024Images from Day 8 of Wimbledon 2024 at The All England Lawn Tennis and Croquet Club in London on Monday.
'We can come up with a big surprise'
Rediff.com8 Jul 2024Costantini, whose second stint saw India win two Asian Games medals in 2018, has an excellent rapport with the Indian squad and has been closely following the development of Indian table tennis over the years.
Ashwin buys team in Global Chess League
Rediff.com8 Jul 2024In the second edition of Global Chess League, each team will play a total of 10 matches in a double round-robin format, with the winner of each match being decided in a best-of-six board scoring system.
Can the 'new' HDFC Bank reclaim its old glory?
Rediff.com8 Jul 2024For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
What Modi said before leaving for Russia
Rediff.com8 Jul 2024India seeks to play a supportive role for a peaceful and stable region, Prime Minister Narendra Modi said on Monday as he embarked on a high-profile visit to Russia to hold summit talks with President Vladimir Putin amid the conflict in Ukraine.
Wimbledon PIX: Alcaraz, Sinner ease into quarter-finals
Rediff.com8 Jul 2024IMAGES from Day 7 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Sunday.
New twist to Hindenberg-Adani drama
Rediff.com7 Jul 2024US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.
Double delight for Abhay Singh at Asian Squash
Rediff.com7 Jul 2024Abhay Singh won the men's doubles crown with Velavan Senthilkumar, while he triumphed in the mixed doubles event with Joshna Chinappa at the Asian Doubles Squash Championships.
Wimbledon PIX: Djokovic, Zverev, Medvedev in Round 4
Rediff.com7 Jul 2024IMAGES from Day 6 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Saturday.