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Passenger vehicle dispatches cross 3.35 lakh units in Feb

Passenger vehicle dispatches cross 3.35 lakh units in Feb

Rediff.com1 Mar 2023

Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 155,114 units in February as compared with 140,035 units in the same month last year.

Investors' wealth plunges Rs 8.30 lakh crore in 6 trading sessions

Investors' wealth plunges Rs 8.30 lakh crore in 6 trading sessions

Rediff.com24 Feb 2023

Stock market investors became poorer by Rs 8.30 lakh crore as equities continued their slide for the sixth consecutive day on Friday. The BSE Sensex has tumbled 1,855.58 points or 3 per cent since February 16. During this period, the combined market capitalisation of BSE-listed firms has tanked Rs 8,30,322.61 crore to reach Rs 2,60,00,662.99 crore. "The domestic market is broadly demonstrating a lack of confidence, registering its sixth consecutive day of losses despite global markets turning green.

'I once lost a film because...'

'I once lost a film because...'

Rediff.com23 Feb 2023

'... I didn't have an Instagram account!' 'I was told that the actor who's being considered in my place has a lot of followers, and that will help the producers.'

Moody's retains stable outlook for TCS, Infosys

Moody's retains stable outlook for TCS, Infosys

Rediff.com15 Feb 2023

Moody's Investors Service on Wednesday affirmed the ratings of two major Indian IT services companies, Tata Consultancy Services Limited (TCS) and Infosys. In two separate statements, Moody's also retained stable outlook for both the companies. Moody's expects Infosys' revenues to climb by around 13 per cent for the financial year ending March 31, 2023, but moderate to around 8 per cent in the next 2024 fiscal.

Nikki Haley announces US presidential run, will take on Trump

Nikki Haley announces US presidential run, will take on Trump

Rediff.com14 Feb 2023

Prominent Indian-American politician Nikki Haley launched her presidential campaign on Tuesday, becoming the first Republican to challenge former US President Donald Trump in his 2024 bid for the White House.

Air passenger traffic touched 1.25 cr in Jan: Icra

Air passenger traffic touched 1.25 cr in Jan: Icra

Rediff.com8 Feb 2023

Domestic air passenger traffic touched 1.25 crore in January this year, an increase of 96 per cent compared to the year-ago period, according to rating agency Icra. However, it said the traffic remained around 2 per cent lower compared to the pre-Covid levels -- January 2020. The traffic stood at 64 lakh in January last year. Icra is maintaining a negative outlook on the Indian aviation industry, reflecting the view that the financial performance of Indian airlines is likely to remain under pressure in the near term, even though the recovery in domestic passenger traffic has been healthy.

Why Investors Must Build Diversified Portfolio

Why Investors Must Build Diversified Portfolio

Rediff.com23 Jan 2023

Rebalance the portfolio at least once a year to ensure it remains in sync with the target asset allocation.

Goa's 2nd airport a big boost for regional aviation

Goa's 2nd airport a big boost for regional aviation

Rediff.com19 Jan 2023

Goa's second airport began operations last week and if all goes according to plans, the state will be the base for a new regional airline, Fly91. Promoted by the ex-executive vice-president of now grounded Kingfisher Airlines, Manoj Chacko, and Fairfax India's former head, Harsha Raghavan, the airline will offer no-frills buy on board product and serve unconnected routes with two ATR 72 aircraft. An application for the initial no-objection clearance was filed with the civil aviation ministry last week.

How Toyota India will tackle it's slow growth

How Toyota India will tackle it's slow growth

Rediff.com17 Jan 2023

'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'

What Employees Can Expect In 2023

What Employees Can Expect In 2023

Rediff.com5 Jan 2023

'Enterprises have become more demanding in terms of their productivity expectation from their employees.'

Indian economy poised for further growth in 2023 despite global headwinds

Indian economy poised for further growth in 2023 despite global headwinds

Rediff.com2 Jan 2023

The Indian economy recovered from the Covid-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against US dollar and promote private investment and growth, with a view to ensure that the country remains one the fastest growing major economies of the world.

Online Mutual Fund Platforms Set To Charge Transaction Fee

Online Mutual Fund Platforms Set To Charge Transaction Fee

Rediff.com1 Jan 2023

Until now, these platforms were either working through an investment advisory (IA) or stockbroking licence.

Indian crypto exchanges stay put in business after 'a year to forget'

Indian crypto exchanges stay put in business after 'a year to forget'

Rediff.com29 Dec 2022

The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.

Indo-Australia trade pact: Over 6000 products to get free access

Indo-Australia trade pact: Over 6000 products to get free access

Rediff.com28 Dec 2022

The interim free trade agreement between India and Australia will come into force on Thursday, providing duty-free access to thousands of domestic goods such as textiles, and leather in the Australian market. The agreement will help almost double the bilateral commerce to $45-50 billion in around five years, according to exporters and industry players. The Economic Cooperation and Trade Agreement (ECTA), which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market.

Mukesh Ambani completes 20 years as Reliance boss

Mukesh Ambani completes 20 years as Reliance boss

Rediff.com28 Dec 2022

Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.

Esports is now official in India

Esports is now official in India

Rediff.com27 Dec 2022

The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.

A Serendipitous Civil Service Career

A Serendipitous Civil Service Career

Rediff.com22 Dec 2022

Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.

NBFCs are not dying to become banks: Industry leaders

NBFCs are not dying to become banks: Industry leaders

Rediff.com22 Dec 2022

But the industry's chief executives remain confident of the long-term growth potential of NBFCs in India, given their specialised lending on the asset side, last-mile reach, and a well-capitalised balance sheet. "Over the years, NBFCs have faced many crises.

Key mantra for India's pharma sector in 2023

Key mantra for India's pharma sector in 2023

Rediff.com21 Dec 2022

Reinvent and innovate will be the key mantra for the Indian pharma industry in the New Year as the 'pharmacy of the world' looks to move from volume to value leadership, amid emerging challenges of inflation and pricing pressures in the global markets. While R&D investment, market competitiveness, regulatory scrutiny, and domestic price regulations are expected to shape the growth of generics and injectable products, concerns such as price control and customs duties on medical equipment will continue to bother the healthcare industry in 2023. The industry believes that in view of India's G20 Presidency, digital health innovation, achieving universal health coverage, improving healthcare infrastructure and delivery will continue to be the key driving factors in 2023.

Hospitality industry set for buoyant 2023

Hospitality industry set for buoyant 2023

Rediff.com19 Dec 2022

The domestic hospitality industry is looking to 'fly' in 2023 cashing in on India's G20 presidency, having received the 'oxygen' to run in 2022 after being crippled in the past two years by the pandemic. Domestic travel, especially the leisure segment, gave wind to the industry this year and is expected to continue into the next. Industry players believe that as international arrivals are also likely to pick up even further, the outlook for 2023 is buoyant.

What Does Adani's NDTV Takeover Mean?

What Does Adani's NDTV Takeover Mean?

Rediff.com15 Dec 2022

News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.

India Inc takes mental health to heart

India Inc takes mental health to heart

Rediff.com12 Dec 2022

Work-related stress can impact one's mental health. Which is why Saurabh Tiwari says he's fortunate that his company understands this and is doing whatever it can to help mitigate that stress. "My company provides opportunities according to my interest, and if anyone is feeling stressed or has additional workload, they can talk with their supervisor to resolve it," says the 31-year-old who's working from home for a Bengaluru-based IT firm. Not everyone's as lucky.

'Long-term science is the only thing that works'

'Long-term science is the only thing that works'

Rediff.com6 Dec 2022

'If we are to be a contributor to the economy, we have to reduce carbon and imports.' 'We will achieve both -- that's our target.'

How India stands to gain from global diesel shortage

How India stands to gain from global diesel shortage

Rediff.com5 Dec 2022

A looming global shortage of diesel in Europe presents India with more than one opportunity to profit from strong margins. A shortage of the fuel, a key contributor to inflation, has been exacerbated by the conflict in Ukraine, and western sanctions on Russian fuel supplies. The slowdown in natural gas supply means the West needs diesel to heat their homes this winter.

3 killed in blast near venue of Abhishek Banerjee's rally in Bengal

3 killed in blast near venue of Abhishek Banerjee's rally in Bengal

Rediff.com3 Dec 2022

At least three people were killed and several others injured in a blast near the venue of senior Trinamool Congress leader Abhishek Banerjee's rally in West Bengal's Purba Medinipur district, police said on Saturday.

Stalin's Son Rises In The Party Of The Rising Sun

Stalin's Son Rises In The Party Of The Rising Sun

Rediff.com1 Dec 2022

His likable boy-next-door face and casual approach to public speaking have a unique appeal for the younger generation, but it stops there, observes N Sathiya Moorthy.

Vikram Kirloskar: The man who brought Toyota to India

Vikram Kirloskar: The man who brought Toyota to India

Rediff.com1 Dec 2022

With much sadness, so many of us woke up to the news that Vikram Kirloskar, vice-chairperson of Toyota Kirloskar Motor, had passed away late Tuesday. As I reminisce on the nearly 40 years I have known him, I can unequivocally say that he had such a rare and deep understanding and passion for automotive manufacturing that it would make Toyota, which pioneered the Toyota Way, proud. Many of us know Vikram as the man who brought the iconic Japanese carmaker Toyota to India. But few know the back story and hard work that went into creating a system of manufacturing that was everything Toyota could have hoped for and then some more because it was perfectly calibrated for manufacturing in India.

COP27 Does Little On Climate Change

COP27 Does Little On Climate Change

Rediff.com26 Nov 2022

The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.

How Tech Is Reinventing Fashion Shopping

How Tech Is Reinventing Fashion Shopping

Rediff.com24 Nov 2022

With the fashion world blurring the lines between innovation, technology and reality, shopping is all set to be revolutionised.

AWS to invest $4.4 bn in India by 2030 through new Hyderabad region service

AWS to invest $4.4 bn in India by 2030 through new Hyderabad region service

Rediff.com23 Nov 2022

Amazon Web Services (AWS) will invest nearly $4.4 billion (Rs 36,000 crore) in India by 2030 and support more than 48,000 jobs externally through a new regional service launched on Tuesday, said the on-demand Cloud computing company. AWS Asia Pacific (Hyderabad) is the company's second infrastructure region in India, six years after it opened its first Cloud region in Mumbai in 2016. The Hyderabad region will give customers access to AWS technologies for data analytics, security, machine learning, and artificial intelligence.

Rasna founder Areez Pirojshaw Khambatta passes away

Rasna founder Areez Pirojshaw Khambatta passes away

Rediff.com21 Nov 2022

The Rasna Group on Monday said its founder and chairman Areez Pirojshaw Khambatta has passed away. Khambatta, 85, who was also the chairman of Areez Khambatta Benevolent Trust and Rasna Foundation, passed away on Saturday, a statement from the group said. He was also the former Chairman of WAPIZ (World Alliance of Parsi Irani Zarthostis) and past President of Ahmedabad Parsi Panchayat, Vice President of the Federation of Parsi Zoroastrian Anjumans of India.

Despite regulatory uncertainties, investors betting big on Web3 startups

Despite regulatory uncertainties, investors betting big on Web3 startups

Rediff.com21 Nov 2022

If you are a budding developer and interested in Web3, chances are that you will be headed to one of India's largest-ever meetings of Web3 developers, being held by Polygon, a Web3 platform. The company's ongoing "Web3: Made in India Tour" is expected to see close to 4,000 developers coming together at the inaugural Polygon Connect event in Bengaluru on December 1. The event highlights the growing dominance of Web3 developers from India, as well as the sector's rising interest to investors, who continue to invest in startups despite a funds crunch.

BJP or AAP: Who will win support of Surat diamond workers in Gujarat polls?

BJP or AAP: Who will win support of Surat diamond workers in Gujarat polls?

Rediff.com20 Nov 2022

There are around 15 lakh diamond workers in Gujarat, including nearly seven lakh employed in units in Surat, which is the largest hub of cutting and polishing of these precious stones.

Mystery Of Indian-Born Foreign Stars

Mystery Of Indian-Born Foreign Stars

Rediff.com15 Nov 2022

Should we not be creating roles in India for the talented, asks Ajit Balakrishnan.

Hotels roll out red carpet as big fat weddings return

Hotels roll out red carpet as big fat weddings return

Rediff.com14 Nov 2022

Cash registers are ringing more frequently at hotels and resorts with the return of the big fat Indian wedding after a two-year hiatus. This comes even as the small and intimate ceremonies - which became popular during the pandemic - are also set to keep those employed in the hospitality sector on their toes. As many as 2.5 million marriages are expected to get solemnised during the wedding season that gets underway from next week and stretches on till April, according to industry estimates.

'Invest 1L pm to get Rs 3 cr in 10 yrs'

'Invest 1L pm to get Rs 3 cr in 10 yrs'

Rediff.com11 Nov 2022

Nikunj Saraf, Vice President Choice Wealth, answers your queries.

Pak, China to go ahead with $10 bn Karachi-Peshawar railway project

Pak, China to go ahead with $10 bn Karachi-Peshawar railway project

Rediff.com28 Oct 2022

Prime Minister Sharif will be visiting Beijing with a high-powered delegation from November 1, 2022, where minutes of the joint coordination committee meeting will be signed.

Boeing's Plans For India's Defence Aatmanirbharta

Boeing's Plans For India's Defence Aatmanirbharta

Rediff.com28 Oct 2022

'The future is about autonomy and tanking.'

Sports, New OTT Game In Town

Sports, New OTT Game In Town

Rediff.com28 Oct 2022

Why will JioCinema live-stream the FIFA World Cup 2022 games for free?

GEAC clears environmental release of GM mustard

GEAC clears environmental release of GM mustard

Rediff.com27 Oct 2022

The Genetic Engineering Appraisal Committee (GEAC) has recommended the environmental release of the genetically modified (GM) mustard variety DMH (Dhara Mustard Hybrid)-11, paving the way for the commercialisation of the country's first GM food crop. The GEAC said the recommendation was valid for four years from the date the approval letter was issued. Further studies and coordinated trials will have to be conducted jointly with the Indian Council of Agriculture Research (ICAR) within two years, according to the minutes of the GEAC meeting held on October 18, which was released on Wednesday.

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