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Flexicap emerges as a hot segment in Rs 11 trn equity MF space

Flexicap emerges as a hot segment in Rs 11 trn equity MF space

Rediff.com21 Jul 2021

The recently-created flexi-cap fund category is emerging as the hottest segment in the Rs 11-trillion equity mutual funds (MFs) space. Buoyed by the success of ICICI Prudential Flexicap Fund, other MFs are lining up new fund offerings (NFO) in this segment. Industry players say the flexi-cap category could emerge as the biggest segment in the equity MF space. Recently, ICICI Pru Flexicap's NFO collected a record Rs 10,200 crore.

10 Tips to make Your Meals Healthy

10 Tips to make Your Meals Healthy

Rediff.com20 Jul 2021

A plain dal-chawal can be turned into a wholesome set meal bowl of veggies, seeds, lentils, rice and herbs when tweaked, suggests Radhika Iyer. Talati.

How to rewrite India's toy story

How to rewrite India's toy story

Rediff.com18 Jul 2021

The earliest ones included whistles shaped like birds, toy monkeys that could slide down a string and small carts made from materials found in nature such as sticks, clay and rocks. While there might be no disputing India's rich toy-making tradition, the industry is languishing for lack of investment and technology, and also owing to competition from cheap imports. And though it has been listed among 24 key sectors under the government's Atmanirbhar Bharat Abhiyaan, the question remains: will this push help place it in the global game? Currently, 80-odd per cent of the toys sold in India are imported - nearly 60 per cent of them from China.

Covid robs Moradabad's Brass City of its shine

Covid robs Moradabad's Brass City of its shine

Rediff.com18 Jul 2021

According to the local Brass Handicrafts Manufacturers Association (BHMA), some 800,000 people are directly employed in Moradabad's massive brass handicrafts and utensils manufacturing industry, which has some 30,000 small and micro-scale units and a total annual turnover of Rs 10,000 crore. The manufacturers are heavily dependent on export markets such as the US, Canada, Australia and the European Union. And exports account for nearly 70 per cent of their revenues. According to industry insiders, since this year's lockdowns, manufacturing has been at 65 per cent of normal levels.

MVA allies kept in loop about Pawar-Modi meeting: NCP

MVA allies kept in loop about Pawar-Modi meeting: NCP

Rediff.com17 Jul 2021

NCP spokesperson and Maharashtra minister Nawab Malik said that AICC general secretary H K Patil was told about this scheduled meeting when he and other Congress leaders met Pawar in Mumbai recently.

Reliance buys controlling stake in Just Dial for Rs 3497 cr

Reliance buys controlling stake in Just Dial for Rs 3497 cr

Rediff.com16 Jul 2021

RRVL will make an open offer to acquire up to an additional 2.17 crore equity shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory filing said.

PM asks states with rising COVID cases to take steps to prevent 3rd wave

PM asks states with rising COVID cases to take steps to prevent 3rd wave

Rediff.com16 Jul 2021

In a video interaction with chief ministers of Tamil Nadu, Andhra Pradesh, Karnataka, Odisha, Maharashtra and Kerala, where many districts have been reporting a high number of cases, Modi said the country stands at a point in its battle with the pandemic where apprehensions about a third wave are being continuously expressed.

How face-off with Indian govt has boosted Twitter

How face-off with Indian govt has boosted Twitter

Rediff.com16 Jul 2021

Political controversies aside, Twitter's business in India is expanding, and creating opportunities for Indians, reports Neha Alawadhi.

How the Rane-Uddhav War Began

How the Rane-Uddhav War Began

Rediff.com16 Jul 2021

'There is no future for the Shiv Sena under Uddhavji's leadership.'

Govt's new draft rules make it easier to fly drones

Govt's new draft rules make it easier to fly drones

Rediff.com15 Jul 2021

The number of forms to be filled to operate drones in the country have been reduced to six in draft 'Drone Rules, 2021' in comparison to 25 forms mentioned in the Unmanned Aircraft System (UAS) Rules, 2021, it said.

PM 'concerned' over maskless crowds at hill stations, markets

PM 'concerned' over maskless crowds at hill stations, markets

Rediff.com14 Jul 2021

He asked the people to shun the argument that they 'want to enjoy before the third wave of coronavirus' and stressed that there should be no compromise in following COVID-19 protocols.

'Yashpal won us the 1983 World Cup semi-final'

'Yashpal won us the 1983 World Cup semi-final'

Rediff.com13 Jul 2021

India's cricket fraternity was in shock and disbelief as it mourned the death of 1983 World Cup hero Yashpal Sharma on Tuesday, paying glowing tributes to the former batsman with his teammates from that historic triumph breaking down while remembering him.

Govt set to introduce 17 new bills in monsoon session of Parliament

Govt set to introduce 17 new bills in monsoon session of Parliament

Rediff.com13 Jul 2021

The much-anticipated cryptocurrency bill, however, is missing from the list, reports Shrimi Choudhary.

Modi Failed India on the Economy

Modi Failed India on the Economy

Rediff.com10 Jul 2021

The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.

Will PMC Bank depositors get their money?

Will PMC Bank depositors get their money?

Rediff.com9 Jul 2021

There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.

The Real Hero of the Economic Reforms

The Real Hero of the Economic Reforms

Rediff.com9 Jul 2021

It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.

Former Himachal CM Virbhadra Singh passes away

Former Himachal CM Virbhadra Singh passes away

Rediff.com8 Jul 2021

The veteran leader breathed his last at Indira Gandhi Medical College (IGMC) in Shimla at 3.40 am, senior medical superintendent Indira Gandhi Medical College (IGMC) Dr. Janak Raj said.

Modi Cabinet reshuffle: Who got what

Modi Cabinet reshuffle: Who got what

Rediff.com8 Jul 2021

Fifteen Cabinet ministers and 28 Ministers of State were sworn-in by President Ram Nath Kovind at a ceremony at Rashtrapati Bhavan on Wednesday evening.

Why Narayan Rane is so IMPORTANT for the BJP

Why Narayan Rane is so IMPORTANT for the BJP

Rediff.com8 Jul 2021

The street-fighter attitude is what keeps Rane going even at 69. The expectation is -- at least in the BJP camp -- that he will be itching for a battle royale with the Shiv Sena in its bastions.

Ravi Shankar Prasad, Javadekar, Vardhan, Pokhriyal and 8 other ministers quit

Ravi Shankar Prasad, Javadekar, Vardhan, Pokhriyal and 8 other ministers quit

Rediff.com7 Jul 2021

Ahead of the Union Cabinet expansion on Wednesday, several Union Ministers, including Health Minister Dr Harsh Vardhan, Education Minister Dr Ramesh Pokhriyal Nishank and Labour Minister Santosh Gangwar resigned from their posts.

Sporting fraternity condoles demise of Dilip Kumar

Sporting fraternity condoles demise of Dilip Kumar

Rediff.com7 Jul 2021

Sporting stars joined the country in mourning the demise of iconic actor Dilip Kumar

Indo-American Chamber slams new e-com rules

Indo-American Chamber slams new e-com rules

Rediff.com6 Jul 2021

The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.

Why experts fear that NSE 500 index has become overheated

Why experts fear that NSE 500 index has become overheated

Rediff.com5 Jul 2021

More than 90 per cent stocks in the NSE 500 universe are currently trading above their 200-day moving average (DMA). Experts say this is a sign that the market has become overheated and can lead to a correction or sideways movement for a long period. The 200-DMA is a key technical indicator used by traders to get a sense of market direction. A level, which is roughly a 40-week average, often acts as key support or resistance.

Twitter in 'final stages' of appointing resident grievance officer

Twitter in 'final stages' of appointing resident grievance officer

Rediff.com3 Jul 2021

The micro-blogging site has also said it may fall within the definition of a "significant social media intermediary" under the Information Technology (Intermediary Guidelines and Digital Ethics Code) Rules, 2021.

Analysts expand stock coverage amid sharp market rally

Analysts expand stock coverage amid sharp market rally

Rediff.com3 Jul 2021

Brokerages are expanding the universe of stocks they cover amid a boom in the market. Several stocks in the mid-cap universe are now tracked by more analysts than they were a year ago. For instance, SBI Cards and Payment Services is now tracked by 17 brokerages, compared to just four a year ago.

'Amazon has an outsize impact on India'

'Amazon has an outsize impact on India'

Rediff.com3 Jul 2021

'We are having an outsize impact not only on the lives of the customers and livelihood, but also the economy of India.'

Enhanced GST mop-up should now be 'new normal': FM

Enhanced GST mop-up should now be 'new normal': FM

Rediff.com1 Jul 2021

Finance Minister Nirmala Sitharaman on Thursday said taxpayer base has almost doubled to 1.28 crore in four years of rollout of the historic tax reform and the enhanced GST mop up in the recent months should now be the "new normal". In a written message to tax officers on the fourth anniversary of GST rollout, she said implementing any reform of this scale in a large and diverse country like India can be highly challenging, but GST has brought about ease in taxpayer compliance and reduced common man's tax burden.

Finmin reimposes spending curbs on ministries, depts for Q2

Finmin reimposes spending curbs on ministries, depts for Q2

Rediff.com1 Jul 2021

The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) and railways as part of a two-pronged strategy. "The existing guidelines for expenditure control have been reviewed. "Keeping in view the evolving situation arising out of Covid-19 and anticipated cash position of the government, it is felt essential to regulate Quarterly Expenditure Plan (QEP)/Monthly Expenditure Plan (MEP) of specific ministries/departments for July-September, 2021," the Department of Economic Affairs in the finance ministry said in a notification.

If you invoke US law, then be aware of Indian laws too: Prasad on Twitter row

If you invoke US law, then be aware of Indian laws too: Prasad on Twitter row

Rediff.com30 Jun 2021

He said social media companies are free to do business in India but they have to be accountable to the Indian Constitution and laws.

Banks face systemic risk, 2nd wave to hit performance: S&P

Banks face systemic risk, 2nd wave to hit performance: S&P

Rediff.com30 Jun 2021

S&P Global Ratings on Wednesday said Indian banks face a systemic risk as the second COVID wave will impair the performance of financial institutions in the April-September period. Stating that economic recovery remains highly vulnerable to setbacks due to COVID, particularly if fresh outbreaks trigger new lockdowns, S&P said the banking sector's weak loans will likely remain elevated at 11-12 per cent of gross loans in the next 12 to 18 months. "The second wave has front-ended weakness in asset quality," said S&P Global Ratings Credit Analyst Deepali Seth Chhabria. "Financial institutions face a strained first half amid weak collections and poor disbursements."

Delhi Police sends notice to Twitter over child porn content

Delhi Police sends notice to Twitter over child porn content

Rediff.com30 Jun 2021

The Delhi Police has sent a notice to micro-blogging site Twitter seeking details about steps taken by it against circulation of child pornographic content on its platform, officials said.

'RBI has given us 120 days to operationalise SFB'

'RBI has given us 120 days to operationalise SFB'

Rediff.com29 Jun 2021

Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'

Who will blink first? Govt or Twitter?

Who will blink first? Govt or Twitter?

Rediff.com29 Jun 2021

Twitter can probably afford to wait it out. But would it have the moral courage to do so? asks Devangshu Datta.

Sitharaman unveils new Covid recovery package, expands credit relief

Sitharaman unveils new Covid recovery package, expands credit relief

Rediff.com28 Jun 2021

To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.

Delta plus has more affinity for lung tissues: NTAGI chief

Delta plus has more affinity for lung tissues: NTAGI chief

Rediff.com27 Jun 2021

The Delta plus variant of COVID-19 has greater affinity to lung tissues as compared to other strains but it does not mean that it will cause severe disease or is more transmissible, head of coronavirus working group National Technical Advisory Group on Immunisation (NTAGI) Dr N K Arora said.

Parl panel to grill Twitter on blocking accounts of Prasad, Tharoor

Parl panel to grill Twitter on blocking accounts of Prasad, Tharoor

Rediff.com25 Jun 2021

After Twitter briefly blocked IT Minister Ravi Shankar Prasad from accessing his account for alleged copyrights violation, chairman of the parliamentary panel on information technology Shashi Tharoor on Friday said the same thing happened with him and the standing committee will be seeking an explanation from the social media firm over the temporary locking of their accounts and the rules it follows while operating in India.

Modi's name enough to win UP polls: BJP's new UP VP

Modi's name enough to win UP polls: BJP's new UP VP

Rediff.com22 Jun 2021

Known for delivering time-bound results, Sharma earned Modi's confidence as his secretary during his tenure as the Gujarat chief minister by successfully handling the Vibrant Gujarat campaign to get investments to the state.

WhatApp groups: Ignore Covid Crisis. Spread Hate

WhatApp groups: Ignore Covid Crisis. Spread Hate

Rediff.com21 Jun 2021

The manner in which a large proportion of common people have mortgaged their rationality and questioning spirit to let hatred, prejudice, and bigotry take over their minds is a cause of worry, observes Mohammad Sajjad.

Modi's close aide made UP BJP vice president

Modi's close aide made UP BJP vice president

Rediff.com19 Jun 2021

Known for delivering time-bound results, Sharma earned Modi's confidence as his secretary during his tenure as the Gujarat chief minister by successfully handling the Vibrant Gujarat campaign to get investments to the state.

Easing curbs should be carefully calibrated: Centre to states

Easing curbs should be carefully calibrated: Centre to states

Rediff.com19 Jun 2021

Union Home Secretary Ajay Bhalla said that vaccination against COVID-19, in the present scenario, is critical to break the chain of transmission.

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