Search results for ' Incent'

Import restrictions on laptops, tablets imposed

Import restrictions on laptops, tablets imposed

Rediff.com3 Aug 2023

The government on Thursday imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a notification said exemption from import licensing is provided up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return and product development purposes.

'Power shifts to chemists instead of doctors'

'Power shifts to chemists instead of doctors'

Rediff.com22 Aug 2023

'Whichever company offers better incentives, the chemist would prefer it.'

Ashes: 'Twenty two years is a long time'

Ashes: 'Twenty two years is a long time'

Rediff.com31 Jul 2023

Australia is looking to chase down their first overseas Ashes victory since 2001 by breaking the record for the second-largest successful fourth innings chase in Ashes history on Day 5 of the fifth Ashes Test.

As govt subsidy stops, 7 electric two-wheeler firms suffered over Rs 9,000 cr loss

As govt subsidy stops, 7 electric two-wheeler firms suffered over Rs 9,000 cr loss

Rediff.com9 Aug 2023

Seven electric two-wheeler companies have suffered a cumulative loss of over Rs 9,000 crore on account of unpaid dues and loss of market after their subsidies were stopped last year, the Society of Manufacturers of Electric Vehicles (SMEV) said on Wednesday. These companies have also been directed by the govt to refund the subsidies availed by them. The audit by SMEV's chartered accountants indicates the total, cumulative damages to affected companies could account for over Rs 9,000 crore on a conservative basis, it noted.

NDA Better For Economy Than INDIA In 2024

NDA Better For Economy Than INDIA In 2024

Rediff.com31 Aug 2023

What is most troubling is that not a single party that is part of INDIA has talked about any kind of reform and economic sense, argues R Jagannathan.

High cotton prices, dull demand to keep textile stocks in check: Analysts

High cotton prices, dull demand to keep textile stocks in check: Analysts

Rediff.com6 Aug 2023

Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.

Govt to consider PLI scheme for chemical and petrochemical industry: FM

Govt to consider PLI scheme for chemical and petrochemical industry: FM

Rediff.com27 Jul 2023

Finance Minister Nirmala Sitharaman on Thursday said the government will consider the Production Linked Incentive (PLI) scheme for Chemicals and Petrochemicals sector to make India a manufacturing hub for such products. In view of stringent pollution control regulations and rising labour cost, she said, global manufacturers in the chemical industry are looking at diversifying their products and production capability and India stands out as an alternative destination for manufacturing. Besides, India offers a large domestic market, she said while addressing the third edition of the summit on 'Global Chemicals and Petrochemicals Manufacturing Hubs in India'.

Tata Motors applies for PLI benefits for Tiago electric car

Tata Motors applies for PLI benefits for Tiago electric car

Rediff.com27 Jul 2023

Tata Motors, the market leader in electric four-wheeler space, has sought incentives for its Tiago EV under the government's production-linked incentive (PLI) scheme, group chief financial officer P B Balaji said on Tuesday. The Mumbai-headquartered firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units. "The Automotive Research Association of India certification is done.

Can the Jio-BlackRock JV stir the AMC pot? What analysts say

Can the Jio-BlackRock JV stir the AMC pot? What analysts say

Rediff.com4 Aug 2023

The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.

G20 Summit: Dream Come True For India

G20 Summit: Dream Come True For India

Rediff.com11 Sep 2023

India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.

India's exports cross $800 bn in first 6 months of 2023

India's exports cross $800 bn in first 6 months of 2023

Rediff.com21 Aug 2023

A healthy growth in India's services segments has helped the country's total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to $415.5 billion during the six months of this year, as against $441.7 billion in January-June 2022.

Will Jio MF Disrupt MF Business?

Will Jio MF Disrupt MF Business?

Rediff.com21 Aug 2023

While Jio MF will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader, observes Debashis Basu.

Dead patients getting treatment under PM-JAY? Health Ministry replies

Dead patients getting treatment under PM-JAY? Health Ministry replies

Rediff.com17 Aug 2023

The reports also claim that the same beneficiary had been found to avail treatment at two hospitals at the same time.

US chipmaker AMD to invest $400 mn in India

US chipmaker AMD to invest $400 mn in India

Rediff.com28 Jul 2023

US chipmaker Advanced Micro Devices (AM) on Friday announced a $400 million investment in India over the next five years and said it will build its largest design centre in Bengaluru. AMD chief technology officer Mark Papermaster made the announcement at the annual semiconductor conference in the presence of Prime Minister Narendra Modi. Undeterred by Taiwan's Foxconn pulling out of his group's $20 billion semiconductor-making venture, mining baron Anil Agarwal said the first phase of Vedanta's chip-making project will be ready in two-and-a-half years.

Wimbledon 2023 prize money: How much do the winners get?

Wimbledon 2023 prize money: How much do the winners get?

Rediff.com17 Jul 2023

Here is what you need to know about the prize pot on offer at Wimbledon:

Unseasonal rains to impact performance of consumer durables in Q1

Unseasonal rains to impact performance of consumer durables in Q1

Rediff.com25 Jul 2023

Unseasonal rains watered down the performance of consumer durables companies as temperatures cooled, impacting the sales of refrigerators and air conditioners (ACs) in the 2023-24 (FY24) April-June quarter. Centrum says in its report on the sector that the trade channel indicates a 25-30 per cent year-on-year (YoY) decline in sales of refrigerators and ACs in April and May due to restricted buying. "While some green shoots in demand were visible in June, overall growth for the quarter is likely to remain at a negative 10-12 per cent," observes the brokerage.

Manipur: Political Will, Legal Process Need Of Hour

Manipur: Political Will, Legal Process Need Of Hour

Rediff.com15 Sep 2023

No process can offer a panacea for ethnic conflict, but there are times at which a legal process could work to defuse violence, asserts Supreme Court lawyer Devvrat.

Paytm's Q1 earnings may be a blip; analysts positive on the stock

Paytm's Q1 earnings may be a blip; analysts positive on the stock

Rediff.com1 Aug 2023

While analysts assessed One97 Communications (Paytm) Q1FY24 results as in-line with guidance, the market was disappointed and the stock fell by around 5 per cent. Paytm reported a net loss of Rs 360 crore, but revenue grew 39 per cent year-on-year (YoY) to Rs 2,340 crore. It was supported by strong growth in gross merchandising value (GMV), higher disbursements and the addition of subscription devices.

Street positive on long-term capex plans of Power Grid Corp

Street positive on long-term capex plans of Power Grid Corp

Rediff.com10 Aug 2023

Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in the transmission market. This includes opportunities from the Rs 2.4 trillion green energy corridor.

Why analysts remain selective on cement stocks

Why analysts remain selective on cement stocks

Rediff.com20 Jul 2023

Analysts remain selective on cement stocks amid the likely government's capex push ahead of the scheduled general elections in May 2024. While UBS has initiated coverage on the Indian cement sector with an anti-consensus negative view and suggests investors sell select cement stocks on a rally, those at Nomura remain selectively bullish on the sector and prefer companies with large brownfield optionality and multi-region presence. In the near-term, UBS expects strong earnings of cement companies in the next two quarters to be driven by robust demand and margin tailwinds, but suggests any sharp uptick in stock prices could offer a good opportunity for booking profits in the related counters.

Can Isha Do What Her Dad Did With Jio?

Can Isha Do What Her Dad Did With Jio?

Rediff.com12 Aug 2023

Isha's stab at the bottom of the laptop pyramid shows she is a true Ambani.

Winter's over: It's springtime for shorter-horizon funds

Winter's over: It's springtime for shorter-horizon funds

Rediff.com18 Jul 2023

The Covid winter seems to be finally ending for debt-oriented mutual fund (MF) schemes as interest rates peak, especially for those that invest in shorter-maturity papers. In the past two months, shorter-horizon debt schemes - ultra-short, low-duration, and money-market - have together raked in net inflows of Rs 48,000 crore, the highest for two months since April-May 2021. These schemes invest in shorter-maturity papers ranging from three months to a year.

India, US to explore alternate mechanism to fund renewable energy

India, US to explore alternate mechanism to fund renewable energy

Rediff.com17 Jul 2023

India and the US on Monday committed to further improving bilateral ties, exploring alternate mechanisms for funding renewable energy and actively pursuing the G20 agenda which includes strengthening MDBs and taking coordinated action to deal with climate change. Several issues, including climate action, rising indebtedness in low and middle income countries and digital public infrastructure, figured during a bilateral meeting between Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen held on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors. India, Sitharaman said, will "look forward to furthering ... bilateral interests through development cooperation and new investment opportunities through Alternate Investment platforms for renewable energy."

Why These Parties Stayed Away From INDIA, NDA

Why These Parties Stayed Away From INDIA, NDA

Rediff.com1 Aug 2023

'They have no incentive to be part of either the NDA or INDIA at this stage, but they may hedge their bets towards the winning coalition in the post-poll setting.'

Sanjiv Puri may get 2nd term as ITC CMD

Sanjiv Puri may get 2nd term as ITC CMD

Rediff.com11 Jul 2023

The resolution seeking his reappointment as chairman and managing director of the diversified conglomerate will be put to vote at the company's annual general meeting to be held on August 11, 2023, according to a notice sent to the shareholders on Tuesday. The company under Puri drove the 'ITC Next' strategy in the last four years encompassing digital acceleration, cost optimisation, investing in new growth vectors and ensuring supply chain agility, its officials said.

Gayle warns: Dominance of Big Three will kill the game

Gayle warns: Dominance of Big Three will kill the game

Rediff.com29 Jun 2023

Gayle said only three teams dominating the game can't be good for the game in the long run.

Why Don't These Banks Have A Chairman?

Why Don't These Banks Have A Chairman?

Rediff.com29 Jun 2023

UCO Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, Indian Bank, and Central Bank of India don't have a non-executive chairman.

Amid birth control talks, Sikkim declares incentives to have more kids

Amid birth control talks, Sikkim declares incentives to have more kids

Rediff.com16 Jan 2023

The chief minister said his government has already provided 365 days maternity leave to women in service and 30 days paternity leave to male employees to encourage them to raise babies.

What Will Today's PLI Meeting Decide?

What Will Today's PLI Meeting Decide?

Rediff.com27 Jun 2023

Centre mulls strategy to ensure powers given to the agencies are not misused.

How Urban Flooding Affects Lives

How Urban Flooding Affects Lives

Rediff.com27 Jul 2023

Year by year, our cities remain defeated in the face of weather conditions, costing us time, money, resources and often lives, observe Amit Kapoor and Bibek Debroy.

Debt Collection Goes Digital

Debt Collection Goes Digital

Rediff.com10 Aug 2023

Companies don't have to be in the field to nudge people to return money they owe lenders.

'Eknath Shinde is dispensable now'

'Eknath Shinde is dispensable now'

Rediff.com5 Jul 2023

'The BJP used Shinde and Shiv Sena to decimate Uddhav Thackeray, humiliate him by taking away his party as well as party symbol.' 'The Shiv Sena and Eknath Shinde have served their purpose.'

New manufacturing projects decline in June 2023, shows CMIE data

New manufacturing projects decline in June 2023, shows CMIE data

Rediff.com4 Jul 2023

New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements worth around Rs 85,000 crore in the manufacturing segment in June were a 48 per cent decline from the Rs 1.6 trillion in March and a 66 per cent decline from the Rs 2.5 trillion seen in June 2022.

How India Can Rival China As Production Platform

How India Can Rival China As Production Platform

Rediff.com28 Jul 2023

We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.

Micron plans $2.75 bn semiconductor plant in Gujarat

Micron plans $2.75 bn semiconductor plant in Gujarat

Rediff.com22 Jun 2023

Computer storage chip maker Micron will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of $2.75 billion (around Rs 22,540 crore), the company said on Thursday. Micron will invest up to $825 million in setting up the plant in two phases. Micron's plant has been approved under the government's "Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,".

Banks' Digital Push Risks Customers' Safety

Banks' Digital Push Risks Customers' Safety

Rediff.com28 Jul 2023

We as customers have to be conscious and careful to sidestep numerous types of frauds made possible under a mindless shift to a digital ecosystem without customer-redress procedures, warns Debashis Basu.

Govt approves $2.7-billion Micron's chip plant; unit expected to create 5,000 jobs

Govt approves $2.7-billion Micron's chip plant; unit expected to create 5,000 jobs

Rediff.com21 Jun 2023

The government has cleared US-based chip maker Micron's project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country, according to sources. The approved project is expected to create 5,000 jobs. "The project was cleared about a week back," a source said, confirming details of the project.

Foxconn junks $19.5 bn Vedanta chip plan

Foxconn junks $19.5 bn Vedanta chip plan

Rediff.com10 Jul 2023

Taiwanese electronic contract manufacturer Foxconn on Monday said it has decided to pull out of semiconductor joint venture with Indian conglomerate Vedanta, according to a statement. Foxconn said it is "working to remove the Foxconn name from what now is a fully-owned entity of Vedanta". "Foxconn has no connection to the entity and efforts to keep its original name will cause confusion for future stakeholders," Hon Hai Technology group (Foxconn) said.

How much will the Wimbledon 2023 champions walk away with?

How much will the Wimbledon 2023 champions walk away with?

Rediff.com19 Jun 2023

Ahead of this season's Wimbledon, here's a look at the prize money.

Will Wagner 'Coup' Trigger Putin's Nukes?

Will Wagner 'Coup' Trigger Putin's Nukes?

Rediff.com27 Jun 2023

The coup attempt has weakened Putin's position and in desperation he may well sanction the use of nukes, points out Colonel Anil A Athale (retd).