Search results for ' Micro'.
The Best Places To Shop In India...
Rediff.com23 May 2023A recent survey discovered that Bengaluru has some of the classiest high streets in our country.
Realty stocks soar on Sebi proposal to formalise fractional ownership
Rediff.com23 May 2023The BSE Realty index on Monday soared 4.3 per cent-most among the 19-sectoral sub-indices-buoyed by the proposal to formalise fractional ownership of real estate in the country. The Securities and Exchange Board of India (Sebi) on Friday issued a discussion paper proposing to regulate online platforms offering fractional ownership in real estate, a model already popular in countries such as the United States and UAE.
In a first, Sebi mulls rules for fractional ownership in real estate
Rediff.com22 May 2023The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.
Walmart looking at sourcing toys, shoes, bicycles from India
Rediff.com21 May 2023US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI. Officials from the Bentonville-headquartered firm recently held a virtual meeting with several domestic toy manufacturers in India.
Aatmanirbharta! Defence Ministry Bars Imports
Rediff.com15 May 2023The Positive Indigenisation List includes Rs 715 crore worth of high-end materials and spares, the import of which will be permitted only until a date specified for each. After each one's import deadline elapses, it will have to be procured from the Indian industry.
Delhi police reacts as Pak actress wants to file complaint against Modi
Rediff.com10 May 2023The Pakistani actor's tweet came after violence that broke out in many cities of the neighbouring country following the arrest of former prime minister Imran Khan for alleged corruption.
Voting begins in Karnataka as BJP, Cong, JD-S vie for full majority
Rediff.com10 May 2023Polling is being held for 224 seats in what is being seen mainly as a three-cornered contest between the ruling BJP, the Congress and former prime minister H D Deve Gowda's Janata Dal-Secular.
After acrimonious campaign, Karnataka to vote on Wednesday
Rediff.com9 May 2023While the ruling BJP, riding on the Modi juggernaut, wants to break the 38-year jinx and retain its southern citadel, the Congress is seeking to wrest power to give the party much-needed elbow room and momentum to position itself as the main opposition player in the 2024 Lok Sabha elections.
Jolt to YC chief as HC rejects pre-arrest bail plea in harassment case
Rediff.com5 May 2023Justice Ajit Borthakur in his judgement said that the court is of the opinion that the case is not a fit one to grant the privilege of pre-arrest bail to the petitioner and as such it stood rejected.
Cognizant rejig to cost $400 mn over 2 years, to lay off 3,500 employees
Rediff.com5 May 2023Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.
ED freezes Rs 143-crore assets of Manappuram Finance MD & CEO in money laundering case
Rediff.com4 May 2023The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation. A total of six premises in Thrissur, where the company is headquartered, were covered during the searches that were launched on Wednesday. The case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a statement.
Gujarat court slams SC appointed SIT's probe into Naroda Gam riots case
Rediff.com3 May 2023A special court in Ahmedabad which acquitted all the 67 accused in the Naroda Gam post-Godhra riots case has criticised the probe conducted into it by a Special Investigation Team (SIT) formed by the Supreme Court, and said the evidence of the prosecution's witnesses was full of contradictions and could not be relied upon.
India's unabated tryst with Russian crude oil is slowly coming to an end
Rediff.com2 May 2023India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
Remittances decline 23% sequentially to $2.1 billion in February
Rediff.com30 Apr 2023Outward remittances in February under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) fell 23 per cent over January, latest data released by the central bank, in its monthly bulletin, revealed. In February, Indians remitted $2.1 billion under the RBI's liberalised scheme. On a year-on-year (YoY) basis - aided by international travel - LRS jumped 15.24 per cent. Further, in April 2022-February 2023, outward remittances under LRS stood at $24.18 billion, an all-time high.
Those angry with my fight against corruption ganging up: Modi
Rediff.com26 Apr 2023Prime Minister Narendra Modi asserted on Wednesday that his government's action against corruption has made some people angry but he will not turn back in this fight against graft and nepotism, however big an alliance his rivals form against him.
PM post for 2024 is not vacant: Giriraj Singh
Rediff.com13 Apr 2023Asserting that the prime minister's job will remain with BJP leader Narendra Modi even after the general elections slated for next year, Singh claimed the country is scaling new heights under PM Modi's leadership.
Arunachal govt building mini power projects along China border
Rediff.com13 Apr 2023The Arunachal Pradesh government has launched an ambitious plan to build 50 mini hydropower projects along the border with China for electrification of remote villages that are facing challenges of poor connectivity and mountainous terrain.
Office mkt remains appealing for long-term investors seeking stable returns
Rediff.com13 Apr 2023The Indian office real estate market, which had recovered significantly in early 2022, began to slow down in the latter half due to macroeconomic problems in the developed world. Rental yields are likely to be stable at best in FY24.
What's Time Zone Politics?
Rediff.com11 Apr 2023In a world without politics, time zones would change by an hour for a shift of 15 degrees of longitude. But, of course, political considerations apply, explains Devangshu Datta.
No one dare eye a needlepoint of our land, says Amit Shah in Arunachal
Rediff.com11 Apr 2023The era when anyone could encroach on India's land has passed and no one can dare to eye its border, Home Minister Amit Shah said in Kibithoo, Arunachal Pradesh, on Monday.
Mutual funds plan distinguished new fund offerings for FY24
Rediff.com10 Apr 2023Mutual funds (MFs) are lining up distinguished new fund offerings (NFOs) for the next financial year to win over investors after a lukewarm response to product launches in the 2022-23 financial year (FY23). NFOs drew a lukewarm response in FY23 as launches were mostly in the passive debt space, which has a comparatively lower popularity among retail investors. The limited launches in equity space also failed to rake in huge sums due to subdued investor sentiments in a volatile market.
Amit Shah to visit village in Arunachal along China border
Rediff.com8 Apr 2023Union Home Minister Amit Shah will visit Arunachal Pradesh on April 10 and 11 where he will launch the 'Vibrant Villages Programme' in Kibithoo, a village along the India-China border.
Lingayats hold key for 50 seats in Kittur Karnataka region
Rediff.com7 Apr 2023The Bharatiya Janata Party had won 30 of the total 50 seats in the region in the 2018 assembly polls, followed by Congress 17, Janata Dal-Secular 2, and others (KPJP-Shankar) 1.
Why India's gig workforce is still outside purview of basic benefits
Rediff.com7 Apr 2023If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
How BJP Plans To Gain Foothold In Kerala
Rediff.com7 Apr 2023On Easter, April 9, 10,000 BJP workers are being assigned to visit the houses of 100,000 Christian families. Plans are afoot to visit the homes of Muslims on Eid.
Gold: Little sparkle for financiers despite tailwinds
Rediff.com6 Apr 2023Gold prices hit record high in the third week of March as fears of bank collapses and high inflation led investors to the traditional safe haven. Gold prices are often inversely correlated to dollar strength because the international price is dollar-denominated. The Federal Reserve's (Fed's) stance indicates that the dollar may appreciate further since it is prepared to keep pushing up policy rates. But demand for gold is also up - the World Gold Council claims central banks are buying in addition to private demand.
Why EV makers are flocking to Tamil Nadu
Rediff.com5 Apr 2023At 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.
Lessons For Banks To Learn From SVB Collapse
Rediff.com5 Apr 2023The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
Mumbai Airport to shut both runways for 5 hours on May 2
Rediff.com4 Apr 2023The scheduled temporary runway closure is an annual exercise and a contingency plan on the same will help maintain operational continuity and ensure passengers' safety, the private airport operator said in a statement.
Elon Musk changes Twitter blue bird logo to 'Doge' meme
Rediff.com4 Apr 2023Musk also shared a hilarious post on his account wherein the 'doge' meme (which features the face of a Shiba Inu) in the car and telling the police officer, who seems to be seeing his driving license, that his photo has been changed.
Faultlines Resurface In Karnataka BJP
Rediff.com3 Apr 2023In an election where every seat will matter, micro-strategising is going to be the order of the day. And in such a situation, party infighting - in all parties --could lead to unpredictable results.
MSMEs caught between a rock and a hard place
Rediff.com3 Apr 2023Politicians and Twitter warriors around the globe have a new buzzword among them: Net zero. Everyone appears to be keen to state their commitment to net zero, with India providing an outlay of Rs 35,000 crore to achieve energy transition and net-zero objectives in its Budget for FY24, even as the latest and final report by the United Nations' Intergovernmental Panel on Climate Change (IPCC) warned that current efforts are not enough to curb global warming. A number of small factory owners and businesses, however, have pointed out that the transition to net-zero emissions will cost them hugely.
No thaw seen in start-up funding winter despite 231 deals this year
Rediff.com30 Mar 2023For a segment that thrives on promise more than performance, the country's start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and - more importantly - valuation of start-ups while looking for cockroaches instead of unicorns. "Investors are now keen to invest in companies that have good top and bottom lines.
Credit card payments on foreign tours to attract TCS
Rediff.com24 Mar 2023Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source). While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha on Friday, Finance Minister Nirmala Sitharaman said the Reserve Bank has been asked to look into ways to bring credit card payments on foreign tours under the LRS. "It has been represented that payments for foreign tours through a credit card are not being captured under the Liberalised Remittance Scheme (LRS) and such payments escape tax collection at source (TCS)," she said.
Why Do Banks Hide Losses?
Rediff.com21 Mar 2023Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
Investing In Stocks? Dump Finfluencers!
Rediff.com20 Mar 2023Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.
EV dealers find that without FAME there's no fortune
Rediff.com17 Mar 2023Subsidies have been stopped for several manufacturers that are under investigation for alleged violations of local-sourcing rules.