Search results for ' Vice Industry'

Sensex climbs 284 points to settle at 55,682

Sensex climbs 284 points to settle at 55,682

Rediff.com21 Jul 2022

Benchmark indices bounced back after falling in early trade on Thursday and logged the fifth day of gain amid a decline in crude oil prices and foreign funds inflow. The 30-share BSE Sensex climbed 284.42 points or 0.51 per cent to settle at 55,681.95. During the day, it jumped 340.96 points or 0.61 per cent to 55,738.49. The broader NSE Nifty went higher by 84.40 points or 0.51 per cent to 16,605.25.

Stakes rise for bauxite blocks in Odisha on Adani Group's entry

Stakes rise for bauxite blocks in Odisha on Adani Group's entry

Rediff.com25 Aug 2022

The next auction for bauxite blocks in Odisha may see heightened interest with Adani Group charting an entry into alumina refining and existing players looking to boost capacity. Hemant Sharma, principal secretary, Odisha industries department, said that three bauxite blocks have been scheduled for auctions this year. Adani Group - which will be setting up a 4-MMTPA alumina refinery and may enter aluminium production - is expected to bid for mines, though raw material linkages shall be available from Odisha Mining Corporation (OMC).

HC flays AAP leaders for defaming L-G, asks them to take down posts

HC flays AAP leaders for defaming L-G, asks them to take down posts

Rediff.com27 Sep 2022

The Delhi high court on Tuesday restrained the Aam Aadmi Party and several of its leaders from levelling "false" allegations against Lieutenant Governor Vinai Kumar Saxena and his family, after they claimed that he was involved in a Rs 1,400 crore scam.

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?

Settling trade in rupee: FTP tweaks may allow traders export benefits

Settling trade in rupee: FTP tweaks may allow traders export benefits

Rediff.com15 Jul 2022

The Union government will soon make amendments to the foreign trade policy (FTP) to enable exporters to claim export benefits for settling trade in rupees. These benefits are, so far, available for export payments received in foreign currencies. After the Reserve Bank of India (RBI) unveiled a mechanism to settle international trade transactions in the local currency on Monday, exporters have been demanding that the Ministry of Commerce and Industry come up with a clarification on the matter.

Sensex snaps 5-day rally, ends down 652 points

Sensex snaps 5-day rally, ends down 652 points

Rediff.com19 Aug 2022

BSE benchmark Sensex nursed losses on Friday as investors pocketed gains after a five-session winning streak amid a bearish trend overseas. A depreciating rupee and foreign fund outflows further soured risk sentiment, traders said. The 30-share gauge, which had started the trade on a firm note, soon gave up all the gains and finally ended 651.85 points or 1.08 per cent lower at 59,646.15. The broader NSE Nifty snapped its eight-day rally to close at 17,758.45, down 198.05 points or 1.10 per cent.

Gold jewellery demand likely to contract in Q2 and Q3

Gold jewellery demand likely to contract in Q2 and Q3

Rediff.com16 Aug 2022

Gold jewellery demand in India is likely to decline in the second and third quarters of this fiscal due to hike in import duty, high volatility in prices and inflationary pressure, according to a report. While demand is likely to contract by 8 per cent year-on-year in the second quarter of FY23, the decline is expected to be higher at 15 per cent in the third quarter due to the exceptionally high base in the same period of FY22, Icra said in a report. According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons.

'Vikram didn't have a heart attack'

'Vikram didn't have a heart attack'

Rediff.com9 Jul 2022

'It is nervous exhaustion.' 'Vikram has been working non-stop to complete his two underproduction films: R Ajay Gnanamuthu's Cobra and Mani Ratnam's Ponniyin Selvan.'

Passenger vehicle industry to grow at lower 8-11% in FY22

Passenger vehicle industry to grow at lower 8-11% in FY22

Rediff.com15 Dec 2021

Ratings agency ICRA on Wednesday revised downwards growth forecast for the domestic passenger vehicles industry to 8-11 per cent in the ongoing fiscal from the earlier estimate of 14-17 per cent on account of the ongoing semiconductor shortage. Similarly, for the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth as affordability and demand sentiments of target clientele was hit sharply by the second wave of COVID-19 pandemic. With around 5 lakh units of production lost by various automakers in the passenger vehicles segment due to the semiconductor shortage, ICRA said the earnings loss for the OEMs (Original Equipment Manufacturers) could be around Rs 1,800 crore to Rs 2,000 crore for the ongoing fiscal.

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.

5 Soft Skills To Boost Your Career

5 Soft Skills To Boost Your Career

Rediff.com4 Aug 2022

With the growing talent pool, professionals must keep pushing their limits to stay relevant.

Chips: Why govt's dream to make India self-reliant may be premature

Chips: Why govt's dream to make India self-reliant may be premature

Rediff.com10 Oct 2022

Mumbai-based Indian Semiconductor Manufacturing Company (ISMC) and Singapore-headquartered IGSS Ventures have one strategy in common: They have told the government in their application for semiconductor fabrication plants that they will export the bulk of the chips they make in India in the initial five or 10 years. The third applicant, Vedanta-Foxconn, which is also building a fab plant, has said it will concentrate on the needs of consumer electronics and mobile device markets, and earmark 80 per cent of output for domestic consumption, but has not specified its customers. Finding a viable domestic market could well be the biggest challenge for India's renewed tryst with semiconductors. Fab plants do not sell directly to end users but to intermediary chip design companies - such as Qualcomm or MediaTek.

Car prices to rise as auto cos gear to comply with stricter emission norms

Car prices to rise as auto cos gear to comply with stricter emission norms

Rediff.com9 Oct 2022

Passenger and commercial vehicle prices are expected to rise as automobile companies invest in upgrading vehicles to meet stricter emission norms that kick in from April next year. The Indian automobile industry is currently working to make their products meet the second phase of Bharat Stage VI, equivalent to Euro-VI emission norms, in real time driving conditions. Four-wheeler passenger and commercial vehicles will need more sophisticated equipment to be added to meet the next level of emission standards.

Diwali celebrated with fervour after 2 yrs of muted festivities

Diwali celebrated with fervour after 2 yrs of muted festivities

Rediff.com24 Oct 2022

Colourful lights illuminated buildings and earthen lamps dotted houses as people across the country celebrated Diwali with pomp on Monday after two years of muted festivities due to the pandemic.

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Rediff.com2 Sep 2022

At the annual general meeting of Reliance Industries earlier this week, Isha Ambani, director at Reliance Retail Ventures, announced that the company is foraying into the fast-moving consumer goods (FMCG) space. But analysts say that only time will tell if this will lead to a disruption in India's FMCG market. While Reliance Retail's initial strategy is to take its own brands, which it currently sells at its own supermarkets and hypermarkets, to general trade, it is also looking at acquisitions.

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.

Rupee to remain under pressure, may test new levels

Rupee to remain under pressure, may test new levels

Rediff.com31 Aug 2022

Indian rupee, which earlier this week touched an all-time low, is likely to remain under pressure and may test new levels as a fallout of the US Federal Reserve indicating more interest rate hikes, experts said. The aggressive rate hikes will dampen demand and increase the possibility of a recession in the US. This could accelerate the pace of capital outflows, weaken the rupee and raise the threat of imported inflation.

How Social Media Turned Porn Biz Upside Down

How Social Media Turned Porn Biz Upside Down

Rediff.com27 Aug 2022

Social media allowed them to connect even more directly with potential clients, and gave them multiple new marketing and outreach channels, explains Devangshu Datta.

'CDS must build military to win wars, not just defend borders'

'CDS must build military to win wars, not just defend borders'

Rediff.com30 Sep 2022

'General Anil Chauhan ticks all the right boxes as the new chief of defence staff.'

Card Tokenisation: Players Ready, But Troubles Remain

Card Tokenisation: Players Ready, But Troubles Remain

Rediff.com26 Sep 2022

Come October 1, merchants, payment aggregators and acquiring banks can no longer store the card details of customers.

With comfortable coal stocks, no power crisis this festive season

With comfortable coal stocks, no power crisis this festive season

Rediff.com25 Sep 2022

India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy.

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.'

US House recommends CAATSA waiver for India

US House recommends CAATSA waiver for India

Rediff.com15 Jul 2022

The legislative amendment was passed on Thursday by voice vote as part of an en bloc (all together as a single unit) amendment during floor consideration of the National Defence Authorisation Act (NDAA).

Trouble Awaits Oil Stocks?

Trouble Awaits Oil Stocks?

Rediff.com14 Jul 2022

'I would not suggest buying these stocks in the dip, as the upside in profit is dented without a safety net for a rainy day.'

Over 7 mn users download Tata Neu app within seven weeks of launch

Over 7 mn users download Tata Neu app within seven weeks of launch

Rediff.com13 Jul 2022

Tata Neu, the super app from the Tata group, has been downloaded by over 7 million users within seven weeks of its launch. And, the company wants to ramp this up to 150 million users in the next two years, said senior executives of Tata Digital in an internal magazine of the Tata group. According to data from App Annie, a mobile app tracking platform, the Tata Neu app has been downloaded by over 11 million users.

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.

'India is getting better'

'India is getting better'

Rediff.com11 Jul 2022

'Last year, India exported more software than Saudi Arabia exported oil.' 'Last year India got $83 billion of private equity.' '50 percent of India's FDI has come in the last five years.'

Hindi Box Office Collects Rs 1,716 Crores!

Hindi Box Office Collects Rs 1,716 Crores!

Rediff.com5 Jul 2022

'The second half of 2022 definitely looks stronger for Bollywood.'

Why FMCG firms' margins may face pressure

Why FMCG firms' margins may face pressure

Rediff.com4 Jul 2022

Even as raw material prices start cooling off from their peaks, fast-moving consumer goods (FMCG) companies' margins are expected to remain under pressure at least in the next quarter. This is because commodity prices continue to remain high year-on-year (YoY). Consumer companies will also continue to increase rates as they have been taking price hikes in a staggered manner. They have not yet passed the entire price increase of raw materials to consumers.

Aamir Vs Akshay: Who Will Win BO Battle?

Aamir Vs Akshay: Who Will Win BO Battle?

Rediff.com10 Aug 2022

This is the fourth time in three decades that Aamir Khan and Akshay Kumar have had movie releases on the same day.

Funding winter hits start-up advertising spend across properties

Funding winter hits start-up advertising spend across properties

Rediff.com6 Aug 2022

A long and bitter funding winter in the start-up world is beginning to take its toll on start-up advertising across properties. Earlier this week, Mastercard replaced Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). But this is just one part of the story. The other side is that organisers of high-impact shows and events on Hindi general entertainment channels, too, are feeling the winter chill.

NITI pegs India's gig workforce at 2.35 cr by FY30

NITI pegs India's gig workforce at 2.35 cr by FY30

Rediff.com27 Jun 2022

India's gig workforce is expected to expand to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a NITI Aayog report said on Monday, and recommended extending social security measures for such workers and their families in partnership mode as envisaged in Code on Social Security. The report titled 'India's Booming Gig and Platform Economy' further said gig workers are expected to form 6.7 per cent of the non-agricultural workforce or 4.1 per cent of the total livelihood in India by 2029-30. Gig workers can be broadly classified into platform and non-platform workers.

'Get-rich-quick' days over for crypto investors

'Get-rich-quick' days over for crypto investors

Rediff.com24 Jun 2022

A sharp fall in the price of Bitcoin and other cryptocurrencies is another hard blow to the already sinking cryptocurrency market in India. Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets. The recent past has seen a much sharper fall in the price of the leading cryptocurrency, Bitcoin.

Hit by Partha episode, Trinamool plans major overhaul, cabinet rejig

Hit by Partha episode, Trinamool plans major overhaul, cabinet rejig

Rediff.com30 Jul 2022

Sources said the reshuffle will also aim at an image makeover for the party hit by school jobs scam probe.

Markets sink over 2%; Sensex ends below 53K

Markets sink over 2%; Sensex ends below 53K

Rediff.com12 May 2022

Benchmark indices continued their downtrend for the fifth session on the trot on Thursday, with the Sensex tumbling nearly 817 points in early trade, tracking weak global trends and selling in index majors Reliance Industries and HDFC Bank. Unabated selling by foreign institutional investors also weighed on the sentiment. The 30-share BSE Sensex was trading 816.78 points lower at 53,271.61. The NSE Nifty declined 234.05 points to 15,933.05.

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Rediff.com12 May 2022

Tata Sons on Thursday announced the appointment of Campbell Wilson as chief executive officer and managing director of Air India. Wilson is the founding CEO of low-cost airline Scoot.

Partha says he's a 'victim of conspiracy'; aide Arpita breaks down

Partha says he's a 'victim of conspiracy'; aide Arpita breaks down

Rediff.com29 Jul 2022

The 69-year-old leader, who is in the custody of the Enforcement Directorate, was taken to ESI hospital at Joka on the southern outskirts of Kolkata for a medical-check up during the day.

5 Non-Coding Tech Jobs That Pay Well

5 Non-Coding Tech Jobs That Pay Well

Rediff.com26 Jul 2022

These jobs don't necessarily require a degree in engineering or specialisation in coding.

ED arrests Bengal minister hours after Rs 21cr seized from his aide

ED arrests Bengal minister hours after Rs 21cr seized from his aide

Rediff.com23 Jul 2022

Chatterjee, who was the state education minister when the scam took place, was arrested after around 26 hours of grilling in connection with the probe.

ED raids dozens in Bengal, including 2 ministers, seizes Rs 20 cr in cash

ED raids dozens in Bengal, including 2 ministers, seizes Rs 20 cr in cash

Rediff.com22 Jul 2022

The Enforcement Directorate (ED) on Friday carried out simultaneous raids at the houses of around a dozen people, including two ministers, in connection with its investigation into the teacher recruitment scam and seized huge amounts of cash.