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'Kamala-Trump Race Is Very Close'

'Kamala-Trump Race Is Very Close'

Rediff.com4 Nov 2024

'If Trump wins the election, there's not going to be much turmoil.' 'But if he loses, he will not accept the results.' 'And if it is close, which I think it's going to be, he's going to contest it.' 'But at the end of the day, the truth will prevail.'

Small, midcap rally may lose steam

Small, midcap rally may lose steam

Rediff.com4 Nov 2024

After a strong run in the midcap and smallcap indices, which surged 46 per cent and 43 per cent, respectively, on the National Stock Exchange (NSE) during Samvat 2080, analysts suggest that the rally in these segments may pause to catch its breath in Samvat 2081.

ISL: NorthEast Utd edge Odisha in five-goal thriller

ISL: NorthEast Utd edge Odisha in five-goal thriller

Rediff.com3 Nov 2024

A brilliant brace from Alaaeddine Ajaraie and a goal by Guillermo Fernandez off the bench saw NorthEast United FC prevail over Odisha FC 3-2 in a thrilling Indian Super League match in Guwahati on Sunday.

Bibek Debroy: A Guru I Could Look To

Bibek Debroy: A Guru I Could Look To

Rediff.com2 Nov 2024

Bibek Debroy was one of the very few economists not bound by any single area of expertise and was simultaneously curious about economics and politics, myths and maths, chess and chemistry, and what not, remembers Laveesh Bhandari.

GST records second-highest collection at Rs 1.87 lakh cr in Oct

GST records second-highest collection at Rs 1.87 lakh cr in Oct

Rediff.com1 Nov 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions. The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore.

What's Driving Surge in Breast Cancer?

What's Driving Surge in Breast Cancer?

Rediff.com1 Nov 2024

Late-stage diagnosis is a major issue, with over 75 per cent of cases being detected at advanced stages (50 per cent at Stage 3 and 25 per cent at Stage 4). This significantly reduces survival rates.

Delhi's air quality worsens as people defy Diwali firecracker ban

Delhi's air quality worsens as people defy Diwali firecracker ban

Rediff.com1 Nov 2024

The city's air quality dropped to the "very poor" category, with an Air Quality Index of 330 at 10 pm.

Airfares Nosedive For Diwali!

Airfares Nosedive For Diwali!

Rediff.com31 Oct 2024

'The past few quarters have seen prohibitive fares for advance bookings, only to dip closer to departure.'

How much gold do Indian households own?

How much gold do Indian households own?

Rediff.com29 Oct 2024

The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made on Tuesday. The overall quantity of the precious metal stored in local safes stood at 510.46 metric tonnes as of September 30, which was up from over 408 metric tonnes as on March 31, 2024. The central bank said it added another 32 metric tonnes of gold reserves in the six-month period to take the overall tonnage to 854.73 metric tonnes, as per the half yearly report on management of foreign exchange reserves.

Record high price of gold mutes Dhanteras sales; volumes may drop 10%

Record high price of gold mutes Dhanteras sales; volumes may drop 10%

Rediff.com29 Oct 2024

Gold sales on Dhanteras are estimated to drop 10 per cent in volume terms year-on-year on sharp 33 per cent annual rise in rates of the yellow metal, according to industry players. Since Dhanteras -- the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils -- is celebrated on two days till 1.11 pm on Wednesday, jewellers are expecting more footfalls in both online and offline stores.

Major strike foiled as 2 more terrorists killed in Jammu encounter

Major strike foiled as 2 more terrorists killed in Jammu encounter

Rediff.com29 Oct 2024

Security forces on Tuesday morning gunned down two terrorists holed up in a forest area near a village in the Akhnoor sector in Jammu and Kashmir, taking the number of militants killed in the 27-hour-long gunfight near the Line of Control (LoC) to three, officials said.

Right Time To Invest In Silver ETFs?

Right Time To Invest In Silver ETFs?

Rediff.com29 Oct 2024

Invest with a 5 to 7 year horizon so that you are able to ride out price volatility and benefit from the long-term trends of demand and macroeconomic shifts.

DIIs pour Rs 4.6 trn in equities during Samvat 2080; highest-ever on record

DIIs pour Rs 4.6 trn in equities during Samvat 2080; highest-ever on record

Rediff.com29 Oct 2024

Domestic institutional investors (DIIs) have infused a record Rs 4.6 trillion into Indian equities over the course of Samvat 2080, marking the highest net annual investment in any Samvat to date. This robust domestic inflow has effectively counterbalanced the comparatively subdued investments from foreign portfolio investors (FPIs), who contributed a net Rs 90,956 crore within the same timeframe. Against this backdrop, the Nifty 50 and BSE Sensex indices are on track to achieve their best performance in three Samvat years, despite recent market corrections.

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Rediff.com28 Oct 2024

Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.

Markets recovery makes investors richer by Rs 4.21 lakh cr

Markets recovery makes investors richer by Rs 4.21 lakh cr

Rediff.com28 Oct 2024

Investors' wealth on Monday surged Rs 4.21 lakh crore as markets bounced back after five days of fall. The BSE Sensex jumped 602.75 points or 0.76 per cent to settle at 80,005.04. During the day, it surged 1,137.52 points or 1.43 per cent to 80,539.81.

J-K: Terrorists fire at Army convoy, 1 killed in gunfight

J-K: Terrorists fire at Army convoy, 1 killed in gunfight

Rediff.com28 Oct 2024

One terrorist was killed on Monday as special forces were mobilised to neutralise a group of recently infiltrated ultras who attacked an army convoy in a village in the Akhnoor sector near Jammu, officials said.

Sensex jumps 603 points; ICICI Bank climbs 3%

Sensex jumps 603 points; ICICI Bank climbs 3%

Rediff.com28 Oct 2024

From the 30 Sensex pack, ICICI Bank climbed 3 per cent after the private sector lender posted a 14.5 per cent growth in standalone profit to Rs 11,746 crore for the second quarter ended September 2024. JSW Steel, Mahindra & Mahindra, Adani Ports, Tata Steel, Sun Pharma, Hindustan Unilever, Tata Motors and State Bank of India were the other big gainers from the pack.

India saw steepest surge in greenhouse emission in 2023, says report

India saw steepest surge in greenhouse emission in 2023, says report

Rediff.com28 Oct 2024

Among major economies, India in FY23 recorded the steepest increase in greenhouse gas (GHG) emission, climbing 6.1 per cent, with China trailing close behind at 5.2 per cent, according to the United Nations Environment Programme (UNEP) Emissions Gap Report 2024. In contrast, GHG emission decreased in both the European Union (EU) and the United States (US) by 7.5 per cent and 1.4 per cent, respectively. Despite India's rise, its 2023 GHG emission remains relatively low at 4,140 million metric tons of carbon dioxide equivalent (MtCOe) against China's 16,000 and the US's 5,970.

E-com fireworks in rural India this festival season

E-com fireworks in rural India this festival season

Rediff.com28 Oct 2024

India's e-commerce giants, led by Flipkart, Amazon, and Meesho, are making a strategic push into Tier-II and -III cities and rural regions, where demand for online shopping is surging during the festival season. This expansion into less urbanised areas comes with its own set of logistical challenges, from vast terrains and unpredictable weather to limited internet and road connectivity. But with smaller towns becoming a major growth driver, e-commerce companies are scaling up infrastructure, technology, and personnel to navigate India's vast, complex geography.

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

Rediff.com28 Oct 2024

'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.

Surat railway authorities tackle an unusual crowd, here is how

Surat railway authorities tackle an unusual crowd, here is how

Rediff.com27 Oct 2024

The railway authorities have made arrangements by adding special trains for UP and Bihar, with a new train added for Gorakhpur in UP from Udhna on Sunday, officials said.

Diamantakos saves the day for East Bengal in Thimpu

Diamantakos saves the day for East Bengal in Thimpu

Rediff.com26 Oct 2024

East Bengal kicked off their AFC Challenge League campaign with a thrilling 2-2 draw against Bhutan's Paro FC, salvaging a crucial point thanks to Dimitrios Diamantakos' second-half equaliser.

Cyclone Dana causes major damage in Odisha, Bengal; 2 killed in WB

Cyclone Dana causes major damage in Odisha, Bengal; 2 killed in WB

Rediff.com25 Oct 2024

West Bengal Chief Minister Mamata Banerjee on Friday said that one person died in the state in cyclone Dana, even as the administration evacuated around 2.16 lakh people from the low-lying areas.

India's WTC Final Hope In Danger

India's WTC Final Hope In Danger

Rediff.com25 Oct 2024

Despite consistently reaching the WTC finals in the past two cycles, where they faced New Zealand and Australia but fell short, India's chances for a third consecutive appearance are now at risk.

Cyclone Dana's landfall process over after 8 hrs

Cyclone Dana's landfall process over after 8 hrs

Rediff.com25 Oct 2024

The landfall process of the severe cyclonic storm Dana was complete on Friday morning and the system took at least eight and half hours to enter the landmass, India Meteorological Department (IMD) said.

Indian midcap, smallcap stock rally in 2024 is the best in the world

Indian midcap, smallcap stock rally in 2024 is the best in the world

Rediff.com25 Oct 2024

The rally in Indian mid-and smallcap indices thus far in calendar year 2024 (CY24) has been the best in class across the world, eclipsing the global FTSE benchmarks, and also out running peers from other leading world stock markets. This is despite the correction in the mid-and smallcap segments back home seen in the last few days, triggered by valuation concerns, geopolitical developments amid nervousness ahead of the July - September 2024 (Q2-FY25) corporate results season.

Samvat 2081: Will Gold, Silver Sparkle?

Samvat 2081: Will Gold, Silver Sparkle?

Rediff.com25 Oct 2024

'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'

At 110 kmph, Cyclone Dana begins landfall on Odisha coast; no casualty

At 110 kmph, Cyclone Dana begins landfall on Odisha coast; no casualty

Rediff.com25 Oct 2024

However, there was no report of any major damage or casualty so far even as the landfall process started more than an hour ago, the official said.

Cyclone Dana: Lakhs evacuated; flights, trains suspended

Cyclone Dana: Lakhs evacuated; flights, trains suspended

Rediff.com24 Oct 2024

As Cyclone Dana barrels toward the coasts of Odisha, threatening to impact nearly half of the state's population, the government is racing against time to execute a massive evacuation plan aimed at relocating about 10 lakh people in several coastal districts to safety. In West Bengal, the cyclone is set to bring heavy rainfall in several southern West Bengal districts, including Kolkata, the India Meteorological Department (IMD) has said.

Bangladesh govt weighs President's fate amid protests

Bangladesh govt weighs President's fate amid protests

Rediff.com23 Oct 2024

Bangladesh's interim government on Wednesday said it is 'consulting all stakeholders' to decide the fate of President Mohammed Shahabuddin, as authorities beefed up security around his residence in the wake of protests demanding his removal over comments that raised questions on prime minister Sheikh Hasina's resignation.

Canada FDI has more than doubled since pandemic

Canada FDI has more than doubled since pandemic

Rediff.com23 Oct 2024

Canada's foreign direct investment (FDI) into India doubled after the pandemic years even as India's own investments into Canada show signs of slackening in recent years. The cumulative equity FDI inflows from Canada rose from $1.8 billion in March 2019 to $3.9 billion in March 2024, shows data from the Department for Promotion of Industry and Internal Trade (DPIIT). The overall share is up from 0.42 per cent to 0.57 per cent during the same period, suggesting that Canadian FDI grew faster than overall FDI during this period

RBI report confident of festival boost to economy

RBI report confident of festival boost to economy

Rediff.com22 Oct 2024

The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season. "In India, aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves," said the report released on Monday.

I-bankers earn record Rs 493 crore from Hyundai IPO

I-bankers earn record Rs 493 crore from Hyundai IPO

Rediff.com21 Oct 2024

Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.

Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue

Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue

Rediff.com21 Oct 2024

Social gatherings and events held at hotels have seen an exponential rise since the pandemic and to cater to that segment, Hyatt Hotels has launched a luxury venue in Mumbai. Last week, Hyatt launched 'The Grand Showroom' which is a luxury venue customisable for events ranging from corporate parties, luxury weddings to high-profile occasions. This venue is an addition to its existing property in the city - Grand Hyatt Mumbai.

The Truth About India's Housing Prices

The Truth About India's Housing Prices

Rediff.com21 Oct 2024

Housing prices in India have fallen by over a tenth in real terms. Yet, prices are unaffordable for most Indians. Middle-income Indians are seen to be able to afford houses if the price-to-income ratio is five. It is 11 in India.

What The Retail Investor Must Know

What The Retail Investor Must Know

Rediff.com21 Oct 2024

Many are attracted by the potential for large gains, but don't necessarily seem to understand that a single trade gone wrong can wipe out their accumulated profits.

Is This Right Time To Buy A Home?

Is This Right Time To Buy A Home?

Rediff.com18 Oct 2024

For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.

Specialised skills to drive 20-25% growth in IT fresher hiring

Specialised skills to drive 20-25% growth in IT fresher hiring

Rediff.com17 Oct 2024

Fresher hiring, which has been subdued as Indian information technology (IT) services firms scaled back their recruitment, is set for a turnaround. The IT sector's fresher hiring is expected to rise by 20-25 per cent for 2024-25 (FY25). Additionally, the global capability centres are projected to boost their fresher hiring by 40 per cent compared to last year, according to a TeamLease Digital analysis.

'Rakesh Jhunjhunwala Inspires New Investors'

'Rakesh Jhunjhunwala Inspires New Investors'

Rediff.com17 Oct 2024

'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'

Tips To Buy Term Insurance Policies

Tips To Buy Term Insurance Policies

Rediff.com17 Oct 2024

Self-employed individuals often face hurdles in buying term insurance due to financial documentation that doesn't fully reflect their earnings. This complicates underwriting.

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