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Udhayanidhi likely to be made deputy CM during cabinet reshuffle

Udhayanidhi likely to be made deputy CM during cabinet reshuffle

Rediff.com2 days ago

When reporters asked Stalin on reshuffle and 'Dy CM post for Udhayanidhi' being spoken for quite some time, he answered in a few words. He said: "There will be no disappointment; there will be change."

The Hotelier Who BJP Apologised To

The Hotelier Who BJP Apologised To

Rediff.com2 days ago

Sree Annapoorna Sree Gowri Shankar is a familiar name across the country. With over 1,500 employees, it is renowned for its filter coffee and Keerai Vada throughout Tamil Nadu. Its operating revenues range from Rs 100 crore to Rs 500 crore.

Nibe shoots for the stars with satellite constellation

Nibe shoots for the stars with satellite constellation

Rediff.com7 days ago

Nibe Space (NSPL), a subsidiary of Nibe, announced its vision to establish India's first multi-sensor, all-weather, high-revisit Earth observation satellite constellation. Aiming to strengthen India's self-reliance in the strategically crucial defence-space sector, NSPL signed memoranda of agreement with Indian and global partners, including Larsen & Toubro, Centum, AgniKul, Skyroot Aerospace, SpaceFields, SISIR Radar, CYRAN AI Solutions, and Thales Alenia Space as a technology partner.

'We focus on smaller ticket sizes loans'

'We focus on smaller ticket sizes loans'

Rediff.com14 Sep 2024

'Banks may find small ticket size lending economically unviable due to the cost of branch operations.'

12 industrial smart cities - A vital cog in India's development journey

12 industrial smart cities - A vital cog in India's development journey

Rediff.com13 Sep 2024

Given the high priority accorded to the manufacturing sector, several policy initiatives around the theme of Atmanirbhar Bharat have been set in motion to address its competitiveness and growth. Some notable examples include the PLI scheme and the employment-linked incentive scheme announced in the recent Union Budget. The Budget also announced the setting up of 12 industrial parks under the National Industrial Corridor Development Programme (NICDP).

Jabil to set up Rs 2K cr electronics unit in TN

Jabil to set up Rs 2K cr electronics unit in TN

Rediff.com11 Sep 2024

In a sign of the expanding Apple supplier ecosystem in India, American multinational Jabil Inc will set up an electronics manufacturing facility in Tiruchirappalli, Tamil Nadu with an investment of Rs 2,000 crore. Jabil is one of the 14 Apple suppliers in India, of around 200 globally, while another 14 have reportedly received preliminary clearance to form joint ventures with Indian companies to set up facilities. Interestingly, of the 14 existing manufacturing units in the Apple supply chain, seven are already in Tamil Nadu.

Income Rise To Boost Household Asset Rebuilding

Income Rise To Boost Household Asset Rebuilding

Rediff.com4 Sep 2024

Households are likely to remain the primary net lenders to the economy in the coming decades.

Banks Caught In A Trap

Banks Caught In A Trap

Rediff.com30 Aug 2024

The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.

RBI set to launch UPI-like unified lending platform

RBI set to launch UPI-like unified lending platform

Rediff.com27 Aug 2024

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India's lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday.

Biden praises Modi's 'message of peace' for Ukraine

Biden praises Modi's 'message of peace' for Ukraine

Rediff.com27 Aug 2024

The White House readout of the call had no reference to Bangladesh, which was mentioned in an 'X' post by PM Modi.

'No question of bringing in an investor right now'

'No question of bringing in an investor right now'

Rediff.com24 Aug 2024

'We have got enough internal accruals, and we are able to do acquisitions on our own.'

Online vs offline retail: Industry divided over Piyush Goyal's comments

Online vs offline retail: Industry divided over Piyush Goyal's comments

Rediff.com22 Aug 2024

Union Minister of Commerce and Industry Piyush Goyal's recent comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers. On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.

Assam to table compulsory Muslim marriage, divorce registration bill

Assam to table compulsory Muslim marriage, divorce registration bill

Rediff.com22 Aug 2024

Sarma also claimed that marriages of minors were registered by the Kazis earlier, but the proposed bill will prohibit any such move.

How the markets will fare this week

How the markets will fare this week

Rediff.com18 Aug 2024

With the earnings season drawing to a close, stock markets will take cues from global trends and foreign investors' trading activity this week, analysts said. The US FOMC (Federal Open Market Committee) minutes will be the major highlight this week, experts said. "This week, there are fewer cues on the macro and micro fronts, as the Q1 earnings season has concluded.

ISRO's smallest rocket completes final test flight

ISRO's smallest rocket completes final test flight

Rediff.com16 Aug 2024

The Indian Space Research Organisation (ISRO) successfully launched its third and final developmental flight of Small Satellite Launch Vehicle here on Friday whose payloads can be used in applications like satellite-based surveillance, disaster and environmental monitoring, fire detection, volcanic activity among others.

Assam's future at risk as Hindu-Muslim population balance eroding: Himanta

Assam's future at risk as Hindu-Muslim population balance eroding: Himanta

Rediff.com15 Aug 2024

The CM also said that to prevent the sale of land from the indigenous communities like tribals and Adivasis to others in undivided Goalpara district, a strong law will be brought.

Sebi Can't Recover Rs 76,293 Cr Dues!

Sebi Can't Recover Rs 76,293 Cr Dues!

Rediff.com10 Aug 2024

Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.

'Unemployment Is A Ticking Time Bomb!'

'Unemployment Is A Ticking Time Bomb!'

Rediff.com8 Aug 2024

'The government should come back as a job creator as it did in the 1960s and the 1970s.'

Private banks' bottom line remains healthy in Q1, bad loans inch up

Private banks' bottom line remains healthy in Q1, bad loans inch up

Rediff.com7 Aug 2024

Private banks' net profit grew 26.3 per cent year-on-year (Y-o-Y) to Rs 48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income. The gross non-performing assets (GNPAs) increased with the end of dispensation granted during the pandemic, according to the data compiled by BS Research Bureau for listed 18 private banks.

Assam will bring law for life term in 'love jihad' cases: Sarma

Assam will bring law for life term in 'love jihad' cases: Sarma

Rediff.com4 Aug 2024

The term 'love jihad' is used by right-wing groups to allege a ploy by Muslim men to lure Hindu women into religious conversion through marriage.

Political Savvy Nirmalaji's Bold Budget

Political Savvy Nirmalaji's Bold Budget

Rediff.com3 Aug 2024

Few finance ministers announce any taxation measure that could upset the stock market. Ms Sitharaman decided to take that risk, observes A K Bhattacharya.

'Budget Hasn't Addressed Real Economy Issues'

'Budget Hasn't Addressed Real Economy Issues'

Rediff.com30 Jul 2024

'Generating employment requires a shift in policy.' 'If not, the country will face economic, social and political challenges in the coming years.'

STCG, LTCG, MFs: What You Must Know

STCG, LTCG, MFs: What You Must Know

Rediff.com30 Jul 2024

Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Budget 2024: Sitharaman unveils road map for 'Viksit Bharat'

Budget 2024: Sitharaman unveils road map for 'Viksit Bharat'

Rediff.com24 Jul 2024

Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.

Nirmala Sitharaman and her team decode the fine prints of Budget 2024

Nirmala Sitharaman and her team decode the fine prints of Budget 2024

Rediff.com24 Jul 2024

Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.

Is This What India Will Spend On Defence?

Is This What India Will Spend On Defence?

Rediff.com24 Jul 2024

Going by this Budget's estimate of government spending of Rs 48.2 trillion, the government has allocated a significantly lower percentage to defence -- 12.9 per cent.

'Made in India' Apparel Off To Paris Olympics

'Made in India' Apparel Off To Paris Olympics

Rediff.com24 Jul 2024

If you see 'Made in India' apparel at any of the IOC's retail channels, it may have well come from Tiruppur, manufactured by a firm, which is owned by a mother-daughter duo, called Back Bay India.

Govt to set up e-comm hubs to promote exports

Govt to set up e-comm hubs to promote exports

Rediff.com23 Jul 2024

The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established. Finance Minister Nirmala Sitharaman said that these hubs, under a seamless regulatory and logistic framework, will facilitate trade and export-related services under one roof. "To enable MSMEs (micro, small and medium enterprises) and traditional artisans to sell their products in international markets, e-commerce export hubs will be set up in PPP mode," she said.

Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Rediff.com23 Jul 2024

Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. "The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun category', she said while presenting the Budget in the Lok Sabha.

Budget: How Sitharaman plans to boost the MSME sector

Budget: How Sitharaman plans to boost the MSME sector

Rediff.com23 Jul 2024

The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting her seventh straight Union Budget, she also said that public sector banks to build in-house capability for credit assessment of MSMEs.

Investing In Real Estate? Read This

Investing In Real Estate? Read This

Rediff.com20 Jul 2024

In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.

Siddaramaiah Goes Backfoot On Local Quota Bill

Siddaramaiah Goes Backfoot On Local Quota Bill

Rediff.com18 Jul 2024

Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.

Sena-UBT trolls Shinde over non-inclusion in NITI Aayog

Sena-UBT trolls Shinde over non-inclusion in NITI Aayog

Rediff.com17 Jul 2024

Shiv Sena-Uddhav Balasaheb Thackeray leader Priyanka Chaturvedi on Wednesday took potshots at the rival Shiv Sena over its minister not finding a place in the reconstituted NITI Aayog.

Insurance amendment bill may be introduced in Budget session

Insurance amendment bill may be introduced in Budget session

Rediff.com15 Jul 2024

The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said.

India's Economic Reality And The Hype

India's Economic Reality And The Hype

Rediff.com13 Jul 2024

From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.

Scribe's video on remark against Cong leader unedited, X tells HC

Scribe's video on remark against Cong leader unedited, X tells HC

Rediff.com13 Jul 2024

X claimed that the video in the social media posts which Sharma seeks to remove from its platform matches with his channel India TV's own livestream and is prima facie "authentic".

Tyger Capital to list by next year, targets Rs 20,000 crore book

Tyger Capital to list by next year, targets Rs 20,000 crore book

Rediff.com12 Jul 2024

Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs 20,000 crore in five years from Rs 5,000 crore now, Gaurav Gupta, MD and CEO of the firm said. In an exclusive interview, Gupta said that keeping with the growing business, the finance company expects to on-board 600 people in the current financial year as it is opening 60-65 new branches for broad-basing its network in the country.

How Postmen Can Help Micro-Entrepreneurs

How Postmen Can Help Micro-Entrepreneurs

Rediff.com11 Jul 2024

'The dakiyas will be our partners, receiving credit proposals from micro-enterprises at the grassroots level.'

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