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What led to basement flooding which killed 3 students

What led to basement flooding which killed 3 students

Rediff.com29 Jul 2024

According to the officials, the three-storey coaching institute, surrounded by residential and commercial establishments, had permission to use the basement as a store room, but it was being used as library in violation of the rules.

Ola Electric to launch IPO on Aug 2 to raise Rs 5,500 cr

Ola Electric to launch IPO on Aug 2 to raise Rs 5,500 cr

Rediff.com28 Jul 2024

Electric two-wheeler company Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D. The initial share sale will conclude on August 6, and the bidding for anchor investors will open for a day on August 1, according to the red herring prospectus (RHP).

MP horror: Boy rapes sister after watching porn, murders her

MP horror: Boy rapes sister after watching porn, murders her

Rediff.com27 Jul 2024

The police cracked the case and detained the victim's 13-year-old brother, their mother and sisters aged 17 and 18 after interrogation of 50 people, intense questioning of the accused persons and on the basis of technical evidence, he said on Saturday.

3 killed in Navi Mumbai building collapse; 2 rescued

3 killed in Navi Mumbai building collapse; 2 rescued

Rediff.com27 Jul 2024

Two persons were rescued after the incident that occurred at 4.50 am in Shahbaz village, they said, adding that before the building collapsed, the authorities managed to evacuate 52 residents.

J-K police release sketches of 3 terrorists behind Doda attack

J-K police release sketches of 3 terrorists behind Doda attack

Rediff.com27 Jul 2024

A police spokesman in Doda said they are moving in the upper reaches of the district especially in Dessa forest where an army captain and three soldiers were killed in a gunfight during an anti-terror operation on July 16.

4-storey building collapses in Navi Mumbai, 3 feared trapped

4-storey building collapses in Navi Mumbai, 3 feared trapped

Rediff.com27 Jul 2024

The National Disaster Response Force (NDRF) and personnel of the civic body's fire brigade rescued the two persons and carrying out the extricate the others.

RPF traces Mumbai train stunt performer; youth loses leg, arm

RPF traces Mumbai train stunt performer; youth loses leg, arm

Rediff.com27 Jul 2024

The youngster's video, which showed him engaged in a dangerous act while clinging on to a train moving out of a platform, had gone viral after it was posted on X on July 14.

RBI proposes to tighten banks' LCR norms, releases draft guidelines

RBI proposes to tighten banks' LCR norms, releases draft guidelines

Rediff.com26 Jul 2024

In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.

Beware! Cybercriminals May Target Olympics

Beware! Cybercriminals May Target Olympics

Rediff.com26 Jul 2024

Domains spoofing the legitimate Olympics Web site, while fake mobile apps masquerading as transport, booking, or other planning apps are also certain to be leveraged by fraudsters during the event, cybersecurity firms say, which puts Indian users also at risk.

UP doctor duped of Rs 60 lakh after 'digital arrest'

UP doctor duped of Rs 60 lakh after 'digital arrest'

Rediff.com26 Jul 2024

Digital house arrest is a tactic where cybercriminals confine victims to their homes in order to scam them. The offenders generate fear by making audio or video calls, frequently posing as law enforcement officers using AI-generated voices or video technology.

Union Budget 2024 remains largely neutral for stock markets in India

Union Budget 2024 remains largely neutral for stock markets in India

Rediff.com25 Jul 2024

Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer

'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.'

B'desh objects to Mamata's 'offer' to shelter refugees

B'desh objects to Mamata's 'offer' to shelter refugees

Rediff.com24 Jul 2024

Banerjee, referring to violence-hit Bangladesh, said she would keep the doors of West Bengal open for people in distress from the neighbouring country and offer them shelter.

Defence gets Rs 6.21 lakh cr, 4.79% hike from previous allocation

Defence gets Rs 6.21 lakh cr, 4.79% hike from previous allocation

Rediff.com23 Jul 2024

The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India for the financial year 2024-25.

Budget focuses on jobs and skilling, keeping 2 allies happy

Budget focuses on jobs and skilling, keeping 2 allies happy

Rediff.com23 Jul 2024

Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.

Govt to rope in pvt sector to build small N-reactors

Govt to rope in pvt sector to build small N-reactors

Rediff.com23 Jul 2024

Presenting the Union Budget, Sitharaman announced that the government will partner with the private sector to set up Bharat Small Reactors and in the research and development of small modular reactors.

Stock markets edge down on STT, LTCG hike

Stock markets edge down on STT, LTCG hike

Rediff.com23 Jul 2024

Adani Ports, NTPC, Infosys, Hindustan Unilever, HCL Technologies and Sun Pharma were among the other big gainers. However, Larsen & Toubro, Bajaj Finance, State Bank of India, Axis Bank and HDFC Bank were amonh the major laggards.

Customs duty exemption on lithium, cobalt to aid growth of EV sector

Customs duty exemption on lithium, cobalt to aid growth of EV sector

Rediff.com23 Jul 2024

The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.

Census, NPR unlikely in 2024 too as only Rs 1,309.46cr allocated

Census, NPR unlikely in 2024 too as only Rs 1,309.46cr allocated

Rediff.com23 Jul 2024

The entire census and NPR exercise is likely to cost the government over Rs 12,000 crore, the officials said.

What Sitharaman's 7th Budget has in store for us

What Sitharaman's 7th Budget has in store for us

Rediff.com23 Jul 2024

Highlights of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday.

Budget 2024: What is cheaper, what is costlier

Budget 2024: What is cheaper, what is costlier

Rediff.com23 Jul 2024

Gold, silver and other precious metals along with imported mobile phones, certain cancer drugs and medical devices are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2024-25.

Budget 2024: Mobile phones, gold, silver get cheaper

Budget 2024: Mobile phones, gold, silver get cheaper

Rediff.com23 Jul 2024

The FM proposed reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.

194 of Kerala Nipah victim's contacts are high-risk

194 of Kerala Nipah victim's contacts are high-risk

Rediff.com22 Jul 2024

The health department said two of the persons on the contact list are from Palakkad, while four are from Thiruvananthapuram.

India needs to end reliance on China for critical minerals: Survey

India needs to end reliance on China for critical minerals: Survey

Rediff.com22 Jul 2024

India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.

Muslims welcome Nuh yatra devotees with garlands

Muslims welcome Nuh yatra devotees with garlands

Rediff.com22 Jul 2024

Mahamandleshwar Swami Dharamdev said the yatra conveyed a powerful message of Hindu-Muslim brotherhood across the country.

Economic Survey pitches for more FDI from China

Economic Survey pitches for more FDI from China

Rediff.com22 Jul 2024

Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.

Dixon Technologies' flight against valuation gravity: Can it defy the pull?

Dixon Technologies' flight against valuation gravity: Can it defy the pull?

Rediff.com22 Jul 2024

Stocks of electronics manufacturing services companies have been major outperformers, with four of the top eight listed majors by market capitalisation doubling their value over the past 12 months. The biggest gainer in this space has been the market leader, Dixon Technologies (India), which is up nearly threefold.

When Ramdev can reveal identity, why can't Rehman: Yoga guru on Kanwar Yatra order

When Ramdev can reveal identity, why can't Rehman: Yoga guru on Kanwar Yatra order

Rediff.com21 Jul 2024

Ramdev said one does not need to hide their name, but do one's work with truth and honesty.

Haryana's Nuh on alert ahead of religious procession

Haryana's Nuh on alert ahead of religious procession

Rediff.com21 Jul 2024

Around 2,500 personnel from police and paramilitary have been deployed in the district this year a day before the yatra, police said.

Boy infected with Nipah in Kerala dead

Boy infected with Nipah in Kerala dead

Rediff.com21 Jul 2024

George said the boy from Pandikkad suffered a massive cardiac arrest at 10.50 am on Sunday and efforts to revive him failed.

Now shop owners in MP's Ujjain asked to display names

Now shop owners in MP's Ujjain asked to display names

Rediff.com21 Jul 2024

Violators will have to pay a Rs 2,000 fine for the first offence and Rs 5,000 if they defy this order for the second time, Ujjain Mayor Mukesh Tatwal said on Saturday.

Nipah returns to Kerala, 14-yr-old boy found infected

Nipah returns to Kerala, 14-yr-old boy found infected

Rediff.com20 Jul 2024

George, who met the media in Malappuram, said the Pune NIV (National Institute of Virology) had confirmed the infection in the boy, who is currently under treatment at a private hospital.

After UP, Uttarakhand implements kanwar route eatery order

After UP, Uttarakhand implements kanwar route eatery order

Rediff.com19 Jul 2024

An Uttar Pradesh government spokesperson said a formal order for all eateries along the Kanwar Yatra route in the state was likely to be issued soon.

UPSC cracks down on IAS officer Puja Khedkar, files FIR for forgery

UPSC cracks down on IAS officer Puja Khedkar, files FIR for forgery

Rediff.com19 Jul 2024

Khedkar, a 2023 batch Indian Administrative Service officer, was accused of misusing power and privileges during her training in Pune recently.

Bad Newz Review: A Leave-Your-Brains-Aside Entertainer

Bad Newz Review: A Leave-Your-Brains-Aside Entertainer

Rediff.com19 Jul 2024

Ammy and Triptii have the chemistry of a door-to-door salesman and disinterested customer.' On the other hand, she and Vicky burn down the house with their scorching sensuality, observes Sukanya Verma.

'Banks must be prepared for providing UPI credit'

'Banks must be prepared for providing UPI credit'

Rediff.com19 Jul 2024

'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'

Google Unveils AI For India's Developers

Google Unveils AI For India's Developers

Rediff.com18 Jul 2024

Developers in India now have expanded access to Google's powerful AI models with the 2 million token context window in Gemini 1.5 Pro and Gemma 2, the next generation of open models.

Budget may go vocal for higher local procurement

Budget may go vocal for higher local procurement

Rediff.com17 Jul 2024

To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.

Maliwal assault case: Cops file 500-page charge sheet

Maliwal assault case: Cops file 500-page charge sheet

Rediff.com16 Jul 2024

The Delhi Police on Tuesday filed its 500-odd page charge sheet against Chief Minister Arvind Kejriwal's aide Bibhav Kumar in a case of alleged assault against Aam Aadmi Party MP Swati Maliwal.

Stuck in lift for 2 days, man wrote 'farewell' note

Stuck in lift for 2 days, man wrote 'farewell' note

Rediff.com16 Jul 2024

The 59-year-old man who was stuck for 42 hours in the lift of a major government hospital in Thiruvananthapuram over the weekend said that while being trapped there he had written a note akin to a farewell message to his family, and kept it in his bag.

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