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Budget likely to assume peak crude oil price at $85 per barrel

Budget likely to assume peak crude oil price at $85 per barrel

Rediff.com19 Jan 2024

The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.

Indians Are Still Traveling To Maldives

Indians Are Still Traveling To Maldives

Rediff.com19 Jan 2024

Data for the first nine days of January shows that tourist arrivals from India to the Maldives has been at similar levels as last year during the same period.

Equity euphoria triggered 15 million SIP additions in 2023

Equity euphoria triggered 15 million SIP additions in 2023

Rediff.com17 Jan 2024

Mutual funds (MFs) added systematic investment plan (SIP) accounts at a record pace in 2023 with the net additions in the calendar year surpassing 15 million - 24 per cent higher than the 2022 tally of 12.2 million, according to data from the Association of Mutual Funds in India (Amfi).

Can Diabetics Eat Samosa, Kachori For Breakfast?

Can Diabetics Eat Samosa, Kachori For Breakfast?

Rediff.com15 Jan 2024

Start the day with some whole grains or oats. Include a good source of fibre-containing food with every meal or snack.

Situation near Indo-Myanmar border concerning: Army chief

Situation near Indo-Myanmar border concerning: Army chief

Rediff.com12 Jan 2024

About 416 Myanmarese soldiers crossed over to India in view of the situation arising out of the fighting between Myanmar's armed ethnic groups and the government forces, and Indian military is 'closely watching' the unfolding developments, Army Chief General Manoj Pande said on Thursday.

Should you invest in longer-duration debt funds?

Should you invest in longer-duration debt funds?

Rediff.com11 Jan 2024

'If rate cuts happen, bond yields will come down and investors will make mark-to-market capital gains on them.'

'For India, Sheikh Hasina is a reliable partner'

'For India, Sheikh Hasina is a reliable partner'

Rediff.com8 Jan 2024

'She delivers on promises, especially on security issues which is a core concern for India.'

ICC rejects Khawaja's appeal against armband sanction

ICC rejects Khawaja's appeal against armband sanction

Rediff.com7 Jan 2024

Usman Khawaja suffered a setback after his appeal against the sanction imposed on him for wearing a black armband during the opening Test against Pakistan was rejected by ICC.

Mukesh's key takeaways from South Africa tour

Mukesh's key takeaways from South Africa tour

Rediff.com6 Jan 2024

He should have played ahead of Shardul Thakur and Prasidh Krishna in the Test series opener against South Africa but when Mukesh Kumar finally got his chance at Newlands, the Indian team realised what exactly it missed during the mauling in Centurion.

Dhaka: Train from town bordering India set afire, 4 killed

Dhaka: Train from town bordering India set afire, 4 killed

Rediff.com6 Jan 2024

At least four people, including two children, were killed and many injured in Dhaka on Friday when suspected arsonists set on fire a passenger train coming from Benapole, a port city bordering India, officials said, a day ahead of Bangladesh's general elections that have been boycotted by the main opposition Bangladesh Nationalist Party (BNP).

Food, grocery delivery firms hit records on New Year eve

Food, grocery delivery firms hit records on New Year eve

Rediff.com2 Jan 2024

Several food and grocery delivery firms witnessed their highest ever single-day orders on New Year eve, December 31. Zomato achieved a record-breaking number of orders on its app. The company carried out nearly as many orders on December 31 as the total for the equivalent day in the period from 2015 to 2020.

Ram temple replicas a hit in India, abroad even before consecration

Ram temple replicas a hit in India, abroad even before consecration

Rediff.com2 Jan 2024

In addition to these temple models, metallic rings, lockets and other cloth items bearing Lord Ram's name are flying off the shelves in Ayodhya, according to shopkeepers.

India to remain fastest-growing major economy in 2024

India to remain fastest-growing major economy in 2024

Rediff.com31 Dec 2023

India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.

PCB to take up Rizwan's controversial dismissal with ICC

PCB to take up Rizwan's controversial dismissal with ICC

Rediff.com30 Dec 2023

'I am not against technology in the game. But if it brings doubt and confusion, it is not acceptable. Some decisions were not understandable. The ball hitting the stumps is always out. I will never understand why there is an umpire's call.'

How Indian Team Collapsed On Day 3

How Indian Team Collapsed On Day 3

Rediff.com29 Dec 2023

VIn a dramatic turn of events on Day 3, India faced a resounding defeat against South Africa in the first Test as their batting lineup crumbled, managing only 131 runs in the second innings after the hosts posted a formidable 408 in their initial essay.

Hyderabad firm develops next-gen XBB1.5 Covid vax, awaits trial nod

Hyderabad firm develops next-gen XBB1.5 Covid vax, awaits trial nod

Rediff.com28 Dec 2023

As of now, Gennova Biopharmaceuticals has launched a vaccine, Gemcovac-OM, which is based on the Omicron variant.

Poonch deaths: Rajnath assures justice, asks Army to 'avoid mistakes'

Poonch deaths: Rajnath assures justice, asks Army to 'avoid mistakes'

Rediff.com27 Dec 2023

Defence Minister Rajnath Singh on Wednesday assured justice to the families of three civilians who were found dead last week after being allegedly picked up by the Army following an ambush on two of Army vehicles in Jammu and Kashmir's Poonch district.

IMF cautions India on govt debt vulnerabilities, Centre disagrees

IMF cautions India on govt debt vulnerabilities, Centre disagrees

Rediff.com27 Dec 2023

The International Monetary Fund (IMF) warned on Tuesday that India's general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India's climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.

Are hospitals ready to handle Covid surge?

Are hospitals ready to handle Covid surge?

Rediff.com26 Dec 2023

Larger hospitals are not worried about a spike in cases, as they are now accustomed to converting ICUs and general wards into negative pressure zones or isolation rooms. For smaller hospitals, the task is tedious.

Food inflation a concern: RBI's MPC

Food inflation a concern: RBI's MPC

Rediff.com26 Dec 2023

All six members of the Reserve Bank of India's (RBI's) monetary policy committee (MPC) expressed caution over food inflation during the December review, while two external members warned about high real interest rates as headline inflation approaches its target of 4 per cent. The central bank continued to maintain the status quo on both the repo rate and the stance in the December monetary policy. India's retail inflation in November rose to 5.5 per cent - its fastest pace in three months - due to higher food prices.

Did Mumbai Indians Pay 100 Cr For Hardik?

Did Mumbai Indians Pay 100 Cr For Hardik?

Rediff.com26 Dec 2023

Mumbai Indians felt Hardik Pandya was one for the future in place of Rohit, who at 36, is nearing the end of his career.

As JN.1 cases rise, experts say infection is mild

As JN.1 cases rise, experts say infection is mild

Rediff.com20 Dec 2023

India on Wednesday reported 21 cases of the JN.1 Covid variant, a development that is neither surprising nor particularly worrying, scientists said while allaying fears but also advising adherence to existing precautionary measures.

7.7% H1 growth leaves 'sceptics gasping and woefully behind curve': RBI article

7.7% H1 growth leaves 'sceptics gasping and woefully behind curve': RBI article

Rediff.com20 Dec 2023

GDP growth of 7.7 per cent in the first half of this fiscal has "left sceptics gasping and woefully behind the curve", an RBI article said on Wednesday. It also stressed the buildup in the growth momentum is likely to be sustained. The article on the state of the economy published in the Reserve Bank's December Bulletin on Wednesday also said CPI-based retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from 5.6 per cent in November.

Street remains optimistic about further gains in OMCs

Street remains optimistic about further gains in OMCs

Rediff.com19 Dec 2023

After a spike in crude oil and gas prices in October following the Hamas terror attack, prices eased down 9 per cent month-on-month in November. The Organization of the Petroleum Exporting Countries (Opec) and Opec+ agreed to a further voluntary production cut in January-March 2024 to try and support global crude prices. The best guess here is that crude prices (currently at $75/barrel, or bbl) will not likely cross significantly above $80, and gas prices are also likely to remain subdued unless there's a further escalation in the Israel-Hamas conflict.

Centre alerts states, UTs as country sees surge in Covid cases

Centre alerts states, UTs as country sees surge in Covid cases

Rediff.com18 Dec 2023

In a letter to states and Union Territories, Union health secretary Sudhansh Pant underlined that "due to consistent and collaborative actions between the Centre and state governments, we have been able to sustain the (COVID-19) trajectory at sustainable low rates".

Do You Have Cyber Insurance?

Do You Have Cyber Insurance?

Rediff.com15 Dec 2023

Cyber insurance policies cover ransomware attacks and the ensuing damages, including ransom payments, data restoration costs, forensic and other first-party costs, and loss of profit due to business interruption.

10 Diet Changes For A Healthy 2024

10 Diet Changes For A Healthy 2024

Rediff.com15 Dec 2023

Are you looking to transform your health game? Dr Chetan Savaliya, director, Satvam Nutrition, has some tips for you.

Costly veggies push wholesale price inflation to 8-month high

Costly veggies push wholesale price inflation to 8-month high

Rediff.com14 Dec 2023

Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables. The WPI inflation was in the negative or deflationary zone for the past seven months since April and was at (-)0.52 per cent in October. The last positive WPI inflation was recorded in March at 1.41 per cent.

Injured Anwar Ali misses cut in Asian Cup probables

Injured Anwar Ali misses cut in Asian Cup probables

Rediff.com12 Dec 2023

Granada and Bilbao complete match suspended after supporter's death

Lack of valuation comfort may enhance gains in capital goods sector

Lack of valuation comfort may enhance gains in capital goods sector

Rediff.com12 Dec 2023

Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.

Polls Over, BJP, Congress Faced With MSP Hike Promise

Polls Over, BJP, Congress Faced With MSP Hike Promise

Rediff.com7 Dec 2023

If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of central order or bear the full expense of the surplus procured at above MSP rates.

Messi is Time's Athlete of the Year!

Messi is Time's Athlete of the Year!

Rediff.com6 Dec 2023

Messi played a key role in guiding Argentina to their first World Cup title in 36 years when they beat defending champions France in the final in December last year.

Will Chennai Shed Its 'Disaster Capital' Tag?

Will Chennai Shed Its 'Disaster Capital' Tag?

Rediff.com6 Dec 2023

For the Stalin government to win back the confidence of voters ahead of the Lok Sabha polls, post-flooding restoration works, their speed and efficacy would be closely watched, and not just by the political Opposition, notes N Sathiya Moorthy.

S&P ups India's FY'24 growth forecast to 6.4%

S&P ups India's FY'24 growth forecast to 6.4%

Rediff.com27 Nov 2023

S&P Global Ratings on Monday raised India's growth forecast for the current financial year to 6.4 per cent, from 6 per cent, saying that robust domestic momentum has offset headwinds from high food inflation and weak exports. The US-based rating agency, however, has cut growth estimates for the next fiscal (2024-25) to 6.4 per cent, as it expects growth to slow in the second half (October-March) of the current fiscal, on higher base impact and subdued global growth.

No novel pathogen behind recent outbreak: China to WHO

No novel pathogen behind recent outbreak: China to WHO

Rediff.com25 Nov 2023

Even when China's widely-publicised exchange with the World Health Organisation (WHO) in response to the queries over the reports of surging cases of mycoplasma pneumonia and influenza flu triggered the worldwide alert, including in India, China said the spike in respiratory diseases was due to an 'immunity gap'.

Samvat 2080: A year of hope for industrial and precious metals

Samvat 2080: A year of hope for industrial and precious metals

Rediff.com23 Nov 2023

The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.

Flavours of ICC Cricket World Cup final on apps: Food and flowers

Flavours of ICC Cricket World Cup final on apps: Food and flowers

Rediff.com20 Nov 2023

As the Men in Blue took on Australia in an intriguing ICC Men's Cricket World Cup final in Ahmedabad on Sunday, the orders on quick delivery platforms reflected the pulsating mood of the nation.

Moody's lauds RBI move on unsecured loans

Moody's lauds RBI move on unsecured loans

Rediff.com20 Nov 2023

The RBI's decision to tighten norms for unsecured personal loans is credit positive because lenders will need to allocate higher capital for such loans, thus improving their loss-absorbing buffers, Moody's Investors Service said on Monday. The Reserve Bank last week raised risk weights on unsecured retail loans, credit cards and lending to non-banking finance companies (NBFCs) by 25 percentage points. Moody's said unsecured loans have been growing rapidly in the past few years, exposing financial institutions to a potential spike in credit costs in case of sudden economic or interest rate shocks.

'Air Pollution Leads To Type 2 Diabetes'

'Air Pollution Leads To Type 2 Diabetes'

Rediff.com17 Nov 2023

'Pollution acts as an endocrine disruptor.' 'When it acts as an endocrine disruptor it has an effect on the endocrine system of the human body and the effect on the pancreas is an important one.' 'The way you get type two diabetes is due to two defects.' 'One is the pancreas doesn't produce enough insulin.' 'The other physiological defect is insulin resistance.'

Air pollution in Delhi nears 'severe' category again

Air pollution in Delhi nears 'severe' category again

Rediff.com14 Nov 2023

Squandering the relief due to rain, Delhi recorded a jump in pollution levels and a smoky haze returned on Monday after people flouted the ban on firecrackers on Diwali night.

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