Search results for ' Incent'

ITC Q4 net profit rises 22% to Rs 5,225 cr

ITC Q4 net profit rises 22% to Rs 5,225 cr

Rediff.com18 May 2023

Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.

Like Uber, You Can Book A Drone Soon

Like Uber, You Can Book A Drone Soon

Rediff.com25 Apr 2023

E-commerce players may soon rent out drones, so you can use them the way you book a cab on an app, and test viable use-cases for last-mile delivery.

From electronics to semiconductor, MNCs in search of policy stability

From electronics to semiconductor, MNCs in search of policy stability

Rediff.com29 May 2023

Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."

Not enough space for cheetahs in Kuno park, says WII ex-official

Not enough space for cheetahs in Kuno park, says WII ex-official

Rediff.com30 Apr 2023

The Wildlife Institute of India's former dean Yadvendradev Vikramsinh Jhala, who was part of the cheetah project in the past, told PTI that KNP has 'inadequate space' for these animals.

NSE's strict-governance platform in limbo after tepid corporate response

NSE's strict-governance platform in limbo after tepid corporate response

Rediff.com18 Apr 2023

The country's largest bourse National Stock Exchange (NSE) has put the NSE Prime initiative in cold storage following lukewarm response from India Inc, said people aware of the development. Inspired by Brazil's Novo Mercado, NSE had announced a separate platform which any listed company could be part of by voluntarily adopting a stricter corporate governance code. Launched in December 2021, NSE Prime was to formally take off within a year after empanelling companies.

Fixed broadband may trigger next leg of growth for Jio, Airtel: Analysts

Fixed broadband may trigger next leg of growth for Jio, Airtel: Analysts

Rediff.com28 Apr 2023

Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.

Invest in logistics stocks, but selectively

Invest in logistics stocks, but selectively

Rediff.com27 Apr 2023

Logistic players have seen a sharp correction at the bourses over the past six months as intense competition from new-age-tech startups, higher freight rates, and weak macros dented listed players' growth outlook. Analysts warn that the emergence of tech-based startups could weigh on organised players' profit-pool, and can potentially erode their market share. Thus, a stock-specific strategy would be prudent at this juncture with focus on companies that are rapidly innovating and investing in technology.

Only way forward is...: Cong points to Adani's 'China links'

Only way forward is...: Cong points to Adani's 'China links'

Rediff.com14 Apr 2023

Congress general secretary in-charge communications Jairam Ramesh said that in the 'Hum Adani ke Hain Kaun (HAHK)' series under which the Congress posed questions to Prime Minister Narendra Modi, the party had asked him about his "favourite business group's links with the Chinese citizen Chang Chung-Ling (aka Lingo Chang) who has been a director in several Adani Group companies along with Vinod Adani and also made an appearance in the Panama Papers".

Govt may ask Apple CEO Tim Cook to make more iPhones in India

Govt may ask Apple CEO Tim Cook to make more iPhones in India

Rediff.com14 Apr 2023

In the run-up to Apple CEO Tim Cook's visit to India, government officials are finalising the talk points with the Cupertino-headquartered tech major. Officials said that the government would like Apple to "deepen" the company's engagement in the manufacturing and assembly of iPhones in the country and not limit itself only to the minimum commitments made under the production-linked incentive (PLI) scheme for mobile devices. The conversations between the two sides are likely to focus on that.

When Will Yogi Have His Film City?

When Will Yogi Have His Film City?

Rediff.com26 Apr 2023

'The CM wants to develop a Film City that would provide the entire value chain of film-making services and infrastructure in one place.'

Gangsters now wetting their pants in UP: Adityanath

Gangsters now wetting their pants in UP: Adityanath

Rediff.com9 Apr 2023

Addressing a gathering after the 'bhoomi pujan' of a bottling plant here, Adityanath said people are seeing that those who showed little respect for law and order earlier were now running for their lives.

Sebi mulls bringing in new expense structure for mutual funds

Sebi mulls bringing in new expense structure for mutual funds

Rediff.com8 Apr 2023

The Securities and Exchange Board of India (Sebi) is discussing with mutual funds (MFs) a proposal on introducing new total expense ratio (TER) slabs linked to the total equity and debt assets by replacing the current ones that are linked to assets of an individual scheme. Senior MF executives confirmed that Sebi had held discussions on this matter with AMCs. Such a change is expected to lead to a lower TER cap for bigger asset management companies (AMCs).

We've quality: China on India becoming most populous country

We've quality: China on India becoming most populous country

Rediff.com20 Apr 2023

The population is important and so is the talent, he said about China, the world's second-largest economy after the United States.

Why Apple Wants Indian Workers To Work Longer Hours

Why Apple Wants Indian Workers To Work Longer Hours

Rediff.com15 May 2023

India's stiff labour laws were one key issue that Apple CEO Tim Cook discussed with Prime Minister Modi on his recent visit.

'Aim to make FAME scheme more transparent'

'Aim to make FAME scheme more transparent'

Rediff.com14 Apr 2023

'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'

The Plight Of Food Delivery Boys

The Plight Of Food Delivery Boys

Rediff.com12 Apr 2023

Zwigato urges viewers to think critically about the kind of unethical behaviour that food delivery workers have to put up with on a daily basis because of insensitive customers, observes Chintan Girish Modi.

Green mobility: CNG vehicle sales are up 82% in 5 yrs

Green mobility: CNG vehicle sales are up 82% in 5 yrs

Rediff.com10 Apr 2023

Amid a shift in mobility trends and people increasingly opting for less polluting energy sources, sales of compressed natural gas (CNG) vehicles increased more than 82 per cent in the past five years. A total of 729,902 CNG vehicles were sold in 2022-23 against 400,825 in 2017-18, according to VAHAN Dashboard. Though the increase in sales of CNG-powered vehicles has been significant, their share in overall vehicle sales remains minuscule as is the case with EVs.

Booked, subbed and goalless! Rough night for Ronaldo

Booked, subbed and goalless! Rough night for Ronaldo

Rediff.com15 Mar 2023

Though Al-Nassr beat Abha 3-1, Cristiano Ronaldo endured a rough night on a personal note as he failed to score and was substituted for the first time since his move to Saudi Arabia.

Why Bank Frauds Continue

Why Bank Frauds Continue

Rediff.com26 Apr 2023

The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.

'Imran has morphed into Frankenstein's monster for Pak army'

'Imran has morphed into Frankenstein's monster for Pak army'

Rediff.com12 May 2023

'The senior army leadership has no interest in reconciling with Imran Khan, and no interest in seeing him return to power.'

Offer Letter: 10 Things To Check

Offer Letter: 10 Things To Check

Rediff.com4 Apr 2023

Before signing an offer letter, you should be well aware of your designation with the duties and responsibilities assigned to you, advises Varun Sachdeva.

Govt proposes host of incentives to revamp Special Economic Zones

Govt proposes host of incentives to revamp Special Economic Zones

Rediff.com14 Aug 2022

The commerce ministry is proposing a host of direct and indirect incentives such as deferral of import duties and exemption from export taxes to revamp Special Economic Zones through a new legislation, an official said. In the Union Budget this year, the government proposed to replace the existing law governing Special Economic Zones (SEZs) with a new legislation to enable states to become partners in 'Development of Enterprise and Service Hubs' (DESH). The official said the commerce ministry has sought views of different ministries, including finance, on the new bill.

Current savings, investment rates can't propel GDP to 8%: Report

Current savings, investment rates can't propel GDP to 8%: Report

Rediff.com30 Mar 2023

Clawing the economy back to an 8 per cent growth path will require bringing savings and investment rates closer to 35 per cent on a sustained basis, which were 30.2 and 29.6 per cent, respectively, in FY22, according to a report. As per India Ratings, a large part of investments will have to be in infrastructure, which can help revive private investments by easing supply constraints and offset the weakening of external demand due to global headwinds. Higher investments will have to be accompanied by higher domestic savings to keep the savings-investments gap under check.

Has Apple's Roller-Coaster Ride In India Ended?

Has Apple's Roller-Coaster Ride In India Ended?

Rediff.com21 Apr 2023

The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.

New bids likely for one vacant slot in advanced cell PLI

New bids likely for one vacant slot in advanced cell PLI

Rediff.com2 Mar 2023

The government is considering the option of inviting fresh applications to bid for the fourth slot which fell vacant after one of the initial candidates who qualified, Hyundai Global Motors, exited from the production-linked incentive (PLI) scheme for advanced chemistry cell battery storage with a capacity of 20 GwH. Earlier, stakeholders had expected that the vacant slot would be offered to waitlisted players ranked on their technical and financial offer. A final decision will be taken soon.

Mumbai is not for builders, says Bombay HC, pulls up 2 for default

Mumbai is not for builders, says Bombay HC, pulls up 2 for default

Rediff.com28 Feb 2023

This city is not for developers, and the Slum Rehabilitation Act (SRA) is intended to serve the purpose of public welfare and not the developers, the Bombay high court said, directing two developers to pay transit arrears of Rs 11 crore to a suburban SRA project.

Coming Soon: Cibil-Like Rating For Drivers

Coming Soon: Cibil-Like Rating For Drivers

Rediff.com27 Feb 2023

The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa.

Why EV makers are flocking to Tamil Nadu

Why EV makers are flocking to Tamil Nadu

Rediff.com5 Apr 2023

At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.

BEST takes 400 leased buses off roads after frequent fire on CNG buses

BEST takes 400 leased buses off roads after frequent fire on CNG buses

Rediff.com23 Feb 2023

The number of buses available for service could go down below 3,000 now.

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

Rediff.com31 Mar 2023

The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.

Explained: The Amul vs Nandini row in poll-bound Karnataka

Explained: The Amul vs Nandini row in poll-bound Karnataka

Rediff.com11 Apr 2023

What is the Amul Vs Nandini battle. Why does the opposition see red over the Gujarat dairy brand's Bengaluru foray with its brand of milk and curd. An explainer seeks to shed light on the issue.

Zwigato Review: Kapil Sharma's Wow Performance!

Zwigato Review: Kapil Sharma's Wow Performance!

Rediff.com17 Mar 2023

A far cry from his playing-to-the-gallery comedian, Kapil Sharma emerges as a heartfelt picture of aspiration and annoyance, feels Sukanya Verma.

Difficult for India to reach $5 trn GDP a year ahead of IMF's FY27 projection

Difficult for India to reach $5 trn GDP a year ahead of IMF's FY27 projection

Rediff.com16 Mar 2023

It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.

'RBI should pause rate hikes'

'RBI should pause rate hikes'

Rediff.com27 Mar 2023

'It will send a very strong signal that it is now our time to grow.'

Indian investments in foreign stocks, property at record high in Dec

Indian investments in foreign stocks, property at record high in Dec

Rediff.com1 Mar 2023

The amount of money Indians invested in foreign securities, property, and deposits in 2022 was likely the highest on record. At $2.1 billion, it was the largest spend for any 12-month period according to the Reserve Bank of India's (RBI's) data going back over a decade. The amount spent for each individual segment was also the highest.

More than two-thirds of non-profits struggle for funding: Report

More than two-thirds of non-profits struggle for funding: Report

Rediff.com15 Feb 2023

The survey showed that 74 per cent of the non-profits consider "scaling their impact" extremely important.

Apparel exports to Japan expected to grow by 20-25% annually

Apparel exports to Japan expected to grow by 20-25% annually

Rediff.com11 Feb 2023

Apparel exports to Japan are expected to grow by 20-25 per cent year on year from the current $220 million on account of rising opportunities for domestic exports, AEPC said on Saturday. Apparel Export Promotion Council (AEPC) said that rising opportunities due to changing geopolitical landscape, government supports like production linked incentive, mega park scheme, improving the quality standard, getting sustainable and utilising benefits of free trade agreements with major markets are the key growth drivers. To promote exports to Japan, the council is organising a two-day show in Gurugram.

'Foxconn is clearly bullish about India'

'Foxconn is clearly bullish about India'

Rediff.com20 Mar 2023

Foxconn means serious business in India. Its delegation to India was led by its Chairman Young Liu who met Prime Minister Narendra Modi.

Adani Crisis: No Harm To National Interest

Adani Crisis: No Harm To National Interest

Rediff.com22 Feb 2023

Those who worry that the Adani saga will turn the world off India are not looking at the entire picture, asserts Mihir S Sharma.

No opposition front without Congress can take on BJP in 2024 polls: Jairam

No opposition front without Congress can take on BJP in 2024 polls: Jairam

Rediff.com19 Mar 2023

Ramesh, however, said it was too early to talk about all this right now as the Congress' first priority was the upcoming elections in Karnataka and the string of state polls this year.