Search results for ' Vice Industry'

Did IPL 2023 Make Money For Jio/Disney?

Did IPL 2023 Make Money For Jio/Disney?

Rediff.com8 Jun 2023

'Advertising this season will help IPL surpass $550 million in ad revenues, across digital and pay TV.' 'It should still represent a steep loss against annualised 2023-2027 IPL rights fees of $1.2 billion.'

Govt cuts windfall gains tax on domestic crude to nil

Govt cuts windfall gains tax on domestic crude to nil

Rediff.com16 May 2023

The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed the special additional excise duty (SAED) on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) to nil from Rs 4,100 per tonne with effect from Tuesday, an official order dated May 15 said. This is the second time that the levy, which was introduced in July last year in the form of a cess to tax supernormal gains of oil producers and fuel exporters, has been cut to nil for domestically-produced oil.

Betting on India's growth, top steel firms in midst of big expansion plans

Betting on India's growth, top steel firms in midst of big expansion plans

Rediff.com18 Jul 2023

On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).

Stalin sacks PTR as finance minister, gives him IT and digital services

Stalin sacks PTR as finance minister, gives him IT and digital services

Rediff.com11 May 2023

Palanivel Thiaga Rajan was on Thursday relieved of the finance portfolio by Tamil Nadu Chief Minister M K Stalin.

Jet Airways Revival Hope Diminishes

Jet Airways Revival Hope Diminishes

Rediff.com8 May 2023

Jet's air operator certificate will lapse on May 19.

Factors that will drive markets this week

Factors that will drive markets this week

Rediff.com9 Apr 2023

Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'.

53 Padma awards handed out, Sudha Murthy, Keeravani among recipients

53 Padma awards handed out, Sudha Murthy, Keeravani among recipients

Rediff.com5 Apr 2023

Veteran socialist leader and former Uttar Pradesh chief minister the late Mulayam Singh Yadav, and medical professional Dilip Mahalanabis, known globally for his work on Oral Rehydration Solution (ORS), were among those conferred the Padma Vibhushan award by President Droupadi Murmu on Wednesday.

Surprise oil output cut by OPEC+ to delay price revision in India

Surprise oil output cut by OPEC+ to delay price revision in India

Rediff.com3 Apr 2023

The surprise decision of OPEC and its allies, including Russia, to cut oil output may cause an immediate rise in prices, delaying revision in fuel prices in India, industry sources said. The grouping of Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, on Sunday decided to further cut oil output by around 1.16 million barrels. The move led to Brent rising by almost 6 per cent to $84.58 per barrel on Monday.

Internet snapped, prohibitory orders Bengal's Hooghly after clashes

Internet snapped, prohibitory orders Bengal's Hooghly after clashes

Rediff.com3 Apr 2023

Two Ram Navami processions were organised in the Rishra police station area, and the second one came under attack near Wellington Jute Mill More on GT Road around 6.15 pm on Sunday, police said.

Is It Time To Invest In Silver?

Is It Time To Invest In Silver?

Rediff.com17 May 2023

The rally in silver may continue if the global economic recovery remains on course.

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.

Windfall tax back on oil produced by ONGC, others

Windfall tax back on oil produced by ONGC, others

Rediff.com19 Apr 2023

The government has brought back the windfall profit tax on domestically produced crude oil after international prices firmed up while the levy on export of diesel has been cut to nil, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) is now Rs 6,400 per tonne with effect from Wednesday, the order dated April 18 said. At the last revision on April 4, windfall tax on domestically produced crude oil was cut to nil as international oil prices dipped below $75 per barrel.

Is Bhupesh Baghel In ED's Sights?

Is Bhupesh Baghel In ED's Sights?

Rediff.com10 May 2023

If the corruption issue doesn't claim Mr Baghel, the Congress's chances in the assembly election later this year are good, observes Aditi Phadnis.

If Inflation Is Here, Can Social Conflict Be Behind?

If Inflation Is Here, Can Social Conflict Be Behind?

Rediff.com9 May 2023

For all its claims to economic glory, the majority of India's population lives vulnerable lives, a situation that has only worsened over the past 15 years, to the extent that the government now fears to release economic data or even conduct a proper Census, notes Rathin Roy.

BJP shouldn't give Oscar win credit to Modi: Kharge

BJP shouldn't give Oscar win credit to Modi: Kharge

Rediff.com14 Mar 2023

Actor and Samajwadi Party MP Jaya Bachchan said she was happy that the House was discussing the most important ambassadors of the country, the film fraternity.

Modi's welcome ceremony at White House to be one of the biggest

Modi's welcome ceremony at White House to be one of the biggest

Rediff.com12 Jun 2023

The first state visit of Prime Minister Narendra Modi to the US is likely to be a defining moment for Indo-US relationship and both sides are working on a robust outcome document that may take up matters that would decide the contour of the bilateral ties for decades to come, according to people familiar with the planning of the high-profile trip.

Shoppers need not stop: Dynamics of in-store payments is being rewritten

Shoppers need not stop: Dynamics of in-store payments is being rewritten

Rediff.com12 Jun 2023

In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.

Atishi is Delhi's new education minister, Saurabh gets health portfolio

Atishi is Delhi's new education minister, Saurabh gets health portfolio

Rediff.com9 Mar 2023

Atishi will handle education, PWD, power and tourism departments, while Bharadwaj will look after health, urban development, water and industries.

5 Cong 'guarantees' in K'taka may cost state exchequer Rs 50,000 cr per year

5 Cong 'guarantees' in K'taka may cost state exchequer Rs 50,000 cr per year

Rediff.com17 May 2023

The implementation of the five 'guarantees' announced by the Congress may cost the state exchequer an estimated Rs 50,000 crore annually.

Crypto industry faces funds dry-up, some exchanges may shut down

Crypto industry faces funds dry-up, some exchanges may shut down

Rediff.com20 Oct 2022

Several exchanges are facing a cash crunch with committed investment not coming from venture capital funds and trading activity seeing a sharp decline, reports Rajesh Bhayani.

Can't wait to return, says Apple CEO Tim Cook on last day of India visit

Can't wait to return, says Apple CEO Tim Cook on last day of India visit

Rediff.com21 Apr 2023

After a five-day long visit, Apple CEO Tim Cook left India with a note that he can't wait to return to the country. The visit of Cook coincided with 25 years of the iPhone maker's presence in India. Cook arrived in India on Monday. The visit started with the launch of the first official Apple store in Mumbai on April 18 followed by a second in the national capital on April 20.

Why Apple, Walmart Are Bullish On India

Why Apple, Walmart Are Bullish On India

Rediff.com19 Apr 2023

At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.

RIL hits 52-week low. Should investors worry?

RIL hits 52-week low. Should investors worry?

Rediff.com23 Mar 2023

However, in the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries Limited (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack thus far in calendar year 2023 (CY23). Thus far in CY23, RIL has tanked nearly 11 per cent as compared to a fall of around 5 per cent in the S&P BSE Sensex. The fall in the stock, according to Gaurang Shah, senior vice-president at Geojit Financial Services is mostly due to the overall dip in the market sentiment, which in turn has impacted large-caps, including RIL.

S M Krishna, Kumar Mangalam Birla among those given Padma awards

S M Krishna, Kumar Mangalam Birla among those given Padma awards

Rediff.com22 Mar 2023

Former Karnataka chief minister S M Krishna, noted industrialist Kumar Mangalam Birla and famous playback singer Suman Kalyanpur were given Padma awards by President Droupadi Murmu at a ceremony at the Rashtrapati Bhavan on Wednesday.

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.

Crypto firms see no long term impact of fall of US banks, investors unsure

Crypto firms see no long term impact of fall of US banks, investors unsure

Rediff.com15 Mar 2023

The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity issues but will not have any significant impact on the Indian crypto market in the long run, officials from several exchanges told Business Standard. All three banks are considered crypto-friendly. SVB offered services such as cryptocurrency custody and lending.

Top 3 carmakers report brisk sales in April

Top 3 carmakers report brisk sales in April

Rediff.com1 May 2023

Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.

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.

Did poverty and inequality spike during Covid?

Did poverty and inequality spike during Covid?

Rediff.com20 Mar 2023

Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.

How Ajay Banga Can Change The World Bank

How Ajay Banga Can Change The World Bank

Rediff.com14 Apr 2023

The World Bank must become Archimedes's lever to help change the world into a more prosperous, inclusive, and sustainable planet in the 21st century. The change in leadership now provides that opportunity, observes Ajay Chhibber.

CBI registers FIR against Manish Sisodia in 'snooping case'

CBI registers FIR against Manish Sisodia in 'snooping case'

Rediff.com17 Mar 2023

The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.

'Modi has moved foreign policy from elite to masses'

'Modi has moved foreign policy from elite to masses'

Rediff.com5 Jul 2023

'For the first time since I've been following Indian politics, one heard voters talking about India's role on the world stage and the fact that, due to Modi's leadership, India was once again a great power.'

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.

'FICCI is focusing on start-ups'

'FICCI is focusing on start-ups'

Rediff.com19 May 2023

'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.

After record sales in FY23, auto companies expect demand to mute

After record sales in FY23, auto companies expect demand to mute

Rediff.com1 Apr 2023

'In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth'

AC, Fridge Sales Soar With Early Summer

AC, Fridge Sales Soar With Early Summer

Rediff.com6 Mar 2023

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand.

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.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

Full Text: PM Modi's address to US Congress

Full Text: PM Modi's address to US Congress

Rediff.com23 Jun 2023

Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.

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.