Search results for ' Danish'.
Cipla, Torrent may need to divest 15 brands in buyout deal: Bernstein
Rediff.com14 Sep 2023As the market buzzes with news of Cipla promoters exiting the business through a stake sale and Ahmedabad-based Mehta family-led Torrent Pharmaceuticals racing to acquire its rival, Cipla, an analysis reveals that if the deal were to go through, both companies might need to divest as many as 15 brands to comply with Competition Commission of India (CCI) norms. A recent analysis by Bernstein shows that Cipla and Torrent share a presence in 332 products (based on product and molecule data from market research firm IQVIA). Bernstein analysts Nithya Balasubramanian and Parth Shah noted that, while this may appear as a high number, a significant portion of these products lack significance.
NSE and BSE IFSC units may file for merger by September end
Rediff.com14 Sep 2023The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an application before the National Company Law Tribunal as early as this month, according to a top regulatory official. Sources indicate that the merger proposal has received approval from their respective boards. Both the NSE and BSE are arch rivals when it comes to onshore trading.
Respite for Cafe Coffee Day; NCLAT sets aside insolvency proceedings
Rediff.com13 Sep 2023Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank have reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day. Counsel representing CDGL and IndusInd bank on Wednesday informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations. A two-member bench comprising Justice M Venugopal and Shreesha Merla took their submissions on record and set aside the order admitting CDGL to insolvency.
How a 20-year-old left Virat Kohli in disarray
Rediff.com12 Sep 2023Dunith Wellalage denied Kohli an easy time on the very pitch
Industrial output rises to five-month high of 5.7% in July
Rediff.com12 Sep 2023India's industrial production growth rose to a five-month high of 5.7 per cent in July, mainly due to good showing by the manufacturing, mining and power sectors, according to the official data released on Tuesday. The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 2.2 per cent in July 2022. The previous high was recorded at six per cent growth in February 2023. Thereafter, the growth rate declined to 1.9 per cent in March 2023 before rising to 4.6 per cent in April and further to 5.3 per cent in May.
Why are you saying this will be Kohli, Rohit's last, asks Muralitharan
Rediff.com6 Sep 2023The legendary Muttiah Muralitharan opened up on the Indian team ahead of this year's ODI World Cup.
M-cap of BSE-listed firms reach fresh peak of Rs 317.33 lakh crore
Rediff.com6 Sep 2023From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, UltraTech Cement, ITC, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers. Tata Steel, Axis Bank, NTPC, ICICI Bank and IndusInd Bank were the major laggards.
At 7 million, India saw highest mobile subscriber addition in Q2: Ericsson
Rediff.com6 Sep 2023With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.
Jio Fin to be excluded from NSE from Sep 7
Rediff.com5 Sep 2023Jio Financial Services Limited, the demerged financial services unit of Reliance Industries, will be excluded from various indices of NSE, including the benchmark Nifty 50, from September 7. Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries. In accordance with the index methodology, as JIOFIN has not hit price band on two consecutive trading days on September 4 and 5 at NSE, the Index Maintenance Sub Committee (Equity) of NSE Indices Ltd has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023), as per a statement by NSE Indices Ltd on Tuesday.
Naresh Goyal used bank loan funds for personal expenses: ED
Rediff.com2 Sep 2023Dubious and personal expenses of Rs 1,000 crore were made from bank-loan funds for Jet Airways founder Naresh Goyal and his family members even as the airline "diverted" money to some tax havens, the Enforcement Directorate (ED) alleged on Saturday, after arresting the businessman in a money-laundering case. Goyal (74) was taken into custody late on Friday night after the central probe agency took him to its Mumbai office from Delhi. A special court set up to deal with cases lodged under the Prevention of Money Laundering Act (PMLA) on Saturday sent him to the ED's custody for 10 days, till September 11.
Uday Kotak: A journey to meteoric heights cut short by regulator
Rediff.com2 Sep 2023Growing up in the Mumbai of 1970s, Uday Kotak aspired to be a cricketer and trained under legendary coach Ramakant Aachrekar. However, it was an on-field injury which resulted in a shift to finance. He started off with bill discounting, turned to lending and successfully applied to start a universal bank in the first decade of the millennium, as India was warming up to private play in banking.
Uday Kotak resigns as Kotak Mahindra CEO 3 months ahead of RBI deadline
Rediff.com2 Sep 2023Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.
India vs Pakistan: 'This is the strongest Indian team since 2011'
Rediff.com1 Sep 2023Ahead of the blockbuster India vs Pakistan clash, former Indian cricketer Ravi Shastri backed the Indian team to emerge victorious over their arch-rivals.
BSE moves Bankex expiry to Monday; to be effective from Oct 16
Rediff.com31 Aug 2023The BSE has decided to move the expiry day of Bankex derivatives contracts from Friday to Monday, effective October 16, the bourse said on Wednesday. "New contracts of S&P BSE Bankex with Monday expiry will be generated on October 13, 2023, and will be available for trading with effect from October 16, 2023," the BSE said, citing the decision was based on the market feedback. The expiry of Sensex derivatives contracts will continue to be on Friday.
Why India Has Shortage Of Skilled Workers
Rediff.com31 Aug 2023'The second generation of migrant labourers is not enthusiastic about continuing in this field.' 'The parents of the next generation do not wish their children to be part of this trade.'
World C'ships: Prannoy assured medal; Satwik-Chirag miss out
Rediff.com26 Aug 2023H S Prannoy stunned two-time defending champion Viktor Axelsen of Denmark in a thrilling 68-minute quarter-final to ensure a medal for India.
World C'ship: Satwik-Chirag enters quarters; Prannoy advances
Rediff.com25 Aug 2023India's HS Prannoy showed nerves of steel, advancing to his third successive quarterfinals at the World Championships.
'Jeevan Kiran offers a risk cover at no cost'
Rediff.com24 Aug 2023'At the policy's maturity, the total premium is refunded.'
GDP growth to be higher than RBI's estimate of 8% for Q1: Economists
Rediff.com22 Aug 2023The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period.
Jio Fin's removal from BSE postponed to Aug 29
Rediff.com22 Aug 2023Leading stock exchange BSE on Tuesday postponed the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, from all the S&P BSE Indices to August 29. Earlier, the stock was scheduled to be removed from the indices on August 24. Jio Financial Services Ltd (JFSL) got listed on the bourses on Monday and hit the lower circuit for the second day in a row on Tuesday.
Are KL Rahul, Shreyas Iyer match-fit for Asia Cup?
Rediff.com22 Aug 2023'KL Rahul and Shreyas Iyer have not played matches. Playing in a big game like Asia Cup or World Cup is totally different, there is a lot going on. Your level of fitness has to be more than 100%. I hope they are fit.'
India's Asia Cup, World Cup squad selection conundrum: Focus on KL, Iyer
Rediff.com20 Aug 2023Shardul Thakur's better batting ability compared to speedster Prasidh Krishna could prove to be decisive while selecting the extra pacer for World Cup but both are likely to be auditioned if India pick a 17-member squad for the Asia Cup, which is set to be named on Monday.
'We've been on the receiving end of violence'
Rediff.com18 Aug 2023'Especially at the hands of men.'
ACC, HDFC AMC, 3 others to be excluded from Nifty Next 50
Rediff.com17 Aug 2023Five firms, including ACC Ltd, HDFC Asset Management Company and FSN E-Commerce Ventures that runs Nykaa, will be dropped from Nifty Next 50 index from September 29. NSE Indices Ltd, an arm of the National Stock Exchange, on Thursday said that Indus Towers and Page Industries will also be dropped from the index. Punjab National Bank, Trent, Sriram Finance, TVS Motor Company, and Zydus Lifesciences will be included in the Nifty Next 50 index, NSE Indices said in a statement.
Sensex slumps nearly 390 points on weak global cues
Rediff.com17 Aug 2023ITC was the biggest loser from the Sensex pack, sliding 2.04 per cent, followed by Power Grid, Reliance Industries, Larsen & Toubro, Nestle, Kotak Mahindra Bank, Bajaj Finance and JSW Steel. On the other hand, Titan, State Bank of India, Bajaj Finserv, Axis Bank, Tata Steel, Sun Pharma, Tech Mahindra and Bharti Airtel were the gainers.
ODI World Cup: Brook, Archer miss out as Stokes named in provisional squad
Rediff.com16 Aug 2023England Test skipper Ben Stokes on Wednesday came out of ODI retirement to be included in the provisional squad for the 50-over World Cup
PIX: Stephens stuns Garcia, Jabeur survives scare
Rediff.com16 Aug 2023American Sloane Stephens battled back to defeat defending champion Caroline Garcia at the Cincinnati Open.
Wholesale price inflation stays in negative territory
Rediff.com14 Aug 2023Wholesale price inflation remained in the negative territory for the fourth month in a row in July at (-)1.36 per cent, even though prices of food items, especially vegetables, skyrocketed. The inflation, however, has inched up from (-)4.12 per cent recorded in June fuelled by 62.12 per cent rise in vegetable prices. In July last year, wholesale price index (WPI) was 14.07 per cent.
Colgate-Palmolive stock likely to trend higher on growth revival hopes
Rediff.com11 Aug 2023The stock of the country's largest listed oral care company -- Colgate-Palmolive (India) Ltd is up 18 per cent over the past month. The gains were led by better than expected June quarter (Q1) performance of the 2023-24 financial year (FY24) and growth revival expectations of the oral care category. The company's volume growth is pegged at 5-8 per cent in Q1FY24. This is the second consecutive quarter of volume growth.
For Tata Sons, Air India is a passion and a national mission: Chandrasekaran
Rediff.com10 Aug 2023Tata Sons chairman N Chandrasekaran on Thursday said the best of artificial intelligence and machine learning will be deployed at Air India and emphasised that the airline is not just another business for the group but a passion and a national mission. As Tata Group steers the transformation of loss-making Air India since taking control in January last year, Chandrasekaran said that he most of the time receives "caring criticism" about the airline that also further strengthens the commitment. Speaking at an event in the national capital where Air India's new brand identity and aircraft livery were unveiled, he said the focus is on upgrading all human resources aspects in the airline.
Tata Sons chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration
Rediff.com10 Aug 2023Tata Sons chairman Natarajan Chandrasekaran was paid Rs. 113 crore as remuneration for 2022-23 (FY23), including Rs. 100 crore as commission on profit. Chandrasekaran, 60, often referred to as Chandra, received a remuneration of Rs. 109 crore in 2021-22 (FY22). With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23.
Mumbai's Street Life, As Not Seen Before
Rediff.com9 Aug 2023Rediff.com presents a selection of Danish Siddiqui's images which capture the essence of street life in Mumbai.
Price Waterhouse resigns as Paytm Payments' auditor, SR Batliboi appointed
Rediff.com8 Aug 2023Price Waterhouse Chartered Accountants (PwC India) has resigned as the auditor of Paytm Payments Services, the fintech major said in a regulatory filing on Monday. "...we wish to inform you that M/s. Price Waterhouse Chartered Accountants LLP ... statutory auditors of material subsidiary i.e. Paytm Payments Services Limited (PPSL) have resigned with effect from August 7, 2023," the company added. Paytm said that the statutory auditors had not raised any concerns or issues and that the company had noted PwC's resignation.
Markets fall as investors turn cautious ahead of RBI monetary policy review
Rediff.com8 Aug 2023From the Sensex pack, Power Grid, Mahindra & Mahindra, JSW Steel, HCL Technologies, Sun Pharma, Nestle, IndusInd Bank, Reliance Industries, Bharti Airtel and ITC were the major laggards. Tech Mahindra, Wipro, Bajaj Finance, State Bank of India, Bajaj Finserv, Axis Bank, Titan and ICICI Bank were among the major gainers.
Women's World Cup: Australia down Danes; England edge Nigeria
Rediff.com7 Aug 2023England dumped Nigeria out of the Women's World Cup in a last-16 penalty shootout
Blackstone, Baring in race to acquire up to 20% stake in Cipla
Rediff.com4 Aug 2023In one of the largest potential transactions this year, private-equity majors Blackstone and Baring have initiated talks with the Hamied family, the promoters of pharmaceutical firm Cipla, to acquire up to 20 per cent in the company. The family owns 33.47 per cent and may become minority owners if the talks succeed, said a source close to the development. It has appointed bankers to seek bids from potential investors, and Blackstone and Baring PE have responded.
Allahabad HC allows ASI survey at Gyanvapi mosque
Rediff.com3 Aug 2023The Allahabad high court on Thursday allowed the Archaeological Survey of India (ASI) to conduct a scientific survey at the Gyanvapi premises in Varanasi to determine whether the 17th-century mosque has been constructed over a pre-existing structure of a Hindu temple.
Sensex, Nifty fall for 3rd day on weak global trends
Rediff.com3 Aug 2023Bajaj Finserv, ICICI Bank, Nestle, UltraTech Cement, Bajaj Finance, Maruti, Tata Consultancy Services, IndusInd Bank and State Bank of India were the major laggards. Infosys, JSW Steel, NTPC and Power Grid were the gainers.
When Bollywood Slipped Into God Mode
Rediff.com3 Aug 2023Every now and then Bollywood finds itself in need of divine intervention.
IndiGo posts record Rs 3,090.6 crore profit in June quarter
Rediff.com2 Aug 2023With tailwinds of strong operational performance and favourable market conditions, InterGlobe Aviation on Wednesday reported a record profit after tax of Rs 3,090.6 crore in the three months ended June. The parent of the country's largest airline also reported its highest-ever quarterly total income of Rs 17,160.9 crore in the first quarter of the current fiscal, according to a release. The carrier, which had 316 planes in its fleet at the end of June 2023, had registered a loss of Rs 1,064.3 crore in the 2022 June quarter.