Search results for ' Vice Industry'

EVs to drive auto capex up by Rs 70,630 crore in 5 years

EVs to drive auto capex up by Rs 70,630 crore in 5 years

Rediff.com13 Jun 2022

Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.

'AI is going to be used as a weapon by the bad guys'

'AI is going to be used as a weapon by the bad guys'

Rediff.com17 Oct 2022

'This is a race where every technology can be used by the bad guys and good guys.'

Yediyurappa says his son Vijayendra will contest 2023 K'taka polls

Yediyurappa says his son Vijayendra will contest 2023 K'taka polls

Rediff.com8 Jun 2022

In Vijayapura, Yediyurappa said neither he nor his son have made any such statements, and would not like to react to comments made by someone close to Vijayendra.

Planning To Buy Critical Illness Plan? Read this

Planning To Buy Critical Illness Plan? Read this

Rediff.com7 Jun 2022

'A policy that covers a wider range of diseases will offer greater peace of mind.'

Sitharaman invites chipmakers to invest in India; offers sops

Sitharaman invites chipmakers to invest in India; offers sops

Rediff.com26 Apr 2022

Finance Minister Nirmala Sitharaman on Monday held a meeting with representatives of the semiconductor industry of the US and invited them to make further investments in India. The finance minister spoke about opportunities for companies situated in Silicon Valley and about the government of India's commitment to be a reliable player in the entire semiconductor value chain with dedicated incentive for the sector in mission mode through the Indian Semiconductor Mission. Last year, the government approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in a bid to position India as a global hub for hi-tech production, and attract large chip makers.

Vagsheer, the last of 6 submarines under Project 75, launched

Vagsheer, the last of 6 submarines under Project 75, launched

Rediff.com20 Apr 2022

The Mazagon Dock Shipbuilders in Mumbai on Wednesday launched INS Vagsheer, the last of the six submarines under Project 75.

India sees sharp rise in cyber attacks as internet base continues to widen

India sees sharp rise in cyber attacks as internet base continues to widen

Rediff.com15 Aug 2022

Even as India's internet base continues to widen, with the country set to have over 900 internet users by 2025, a parallel rise in cyber threats has become a matter of huge concern. Experts say that the sudden surge in digital adoption left little time to develop a cybersecurity backbone for the country. This has put large amounts of data at risk.

Why Didn't #BoycottBrahmastra Work?

Why Didn't #BoycottBrahmastra Work?

Rediff.com14 Sep 2022

Nobody else needs to boycott Bollywood, they are doing a pretty good job of digging up their own foundation, notes Deepa Gahlot.

Tough Road Ahead For Xi Jinping

Tough Road Ahead For Xi Jinping

Rediff.com26 Aug 2022

China's deteriorating economy is a serious concern. Xi Jinping and China's new premier will have a difficult task ahead of them after the 20th party congress, notes Jayadeva Ranade, the retired senior RA&W officer and China expert.

Maruti to invest Rs 18k cr in Sonipat plant

Maruti to invest Rs 18k cr in Sonipat plant

Rediff.com19 May 2022

Maruti Suzuki India (MSI) on Thursday said its new manufacturing facility in Haryana, the company's third in the state, would reach peak production capacity of 10 lakh units per annum in the next eight years entailing a total investment of Rs 18,000 crore. The new facility, which would come at a 800-acre site at IMT Kharkhoda in Sonipat district, will entail total investment of Rs 11,000 crore in the first phase with a production capacity of 2.5 lakh units per annum. The first set of vehicles are expected to roll out from the facility in 2025.

How RBI triggered HDFC-HDFC Bank merger talks

How RBI triggered HDFC-HDFC Bank merger talks

Rediff.com4 Apr 2022

Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds to fund infrastructure and affordable housing. At that time, key executives at both entities denied any such proposal. And today, the merger has been officially announced by the two players.

President Kovind presents 2nd lot of Padma awards

President Kovind presents 2nd lot of Padma awards

Rediff.com28 Mar 2022

Former Uttar Pradesh chief minister late Kalyan Singh, often termed as a Hindutva icon, and actor Victor Banerjee were among the 65 distinguished personalities who were conferred with Padma awards by President Ram Nath Kovind on Monday.

Padma Awards: Late Gen Rawat, Ghulam Nabi honoured

Padma Awards: Late Gen Rawat, Ghulam Nabi honoured

Rediff.com21 Mar 2022

This year, eight eminent individuals are being given Padma Bhushan and 54 are being conferred with Padma Shri awards, besides the two Padma Vibhushan recipents.

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.

Akshaya Tritiya: Jewellers expect biz of up to 30 tonne

Akshaya Tritiya: Jewellers expect biz of up to 30 tonne

Rediff.com3 May 2022

The auspicious day of Akshaya Tritiya has begun on a strong note as jewellers are witnessing good footfalls and being a public holiday on Tuesday, consumers are flocking to the stores early before the temperature soars. "Jewellers across the country have opened their stores early across the country and there is a strong momentum in footfalls since morning. "There has been positive sentiment in the market since the last 10-15 days and we expect it to continue on the day of Akshaya Tritiya.

Modi arrives in Berlin on first leg of 3-nation tour

Modi arrives in Berlin on first leg of 3-nation tour

Rediff.com2 May 2022

Prime Minister Narendra Modi arrived in Berlin on Monday on the first leg of his three-nation Europe trip during which he will hold detailed bilateral discussions with German Chancellor Olaf Scholz and co-chair the India-Germany inter-governmental consultations.

Housing sales to breach pre-pandemic levels in 2022

Housing sales to breach pre-pandemic levels in 2022

Rediff.com21 Aug 2022

India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.

Box Office May Cross Rs 500 Crore For Second Month In A Row

Box Office May Cross Rs 500 Crore For Second Month In A Row

Rediff.com16 Apr 2022

'A good pipeline of movies is fuelling this trend of revenge consumption.'

Tatas bring in talent from group companies to revive Air India

Tatas bring in talent from group companies to revive Air India

Rediff.com16 Apr 2022

Due to the group's presence across multiple businesses, it is in a unique position in the aviation industry to bring the best of talents.

Restaurants' staff say will seek pay hike, fear tips may dwindle

Restaurants' staff say will seek pay hike, fear tips may dwindle

Rediff.com6 Jul 2022

With hotels and restaurants being barred from levying service charge, waiters, chefs and other workers are worried they will lose out on money and are planning to approach managements to seek a pay raise. They are also apprehensive that tips given by customers out of goodwill will dwindle. Uttarakhand-native Prakash Singh Koranga, 27, a chef who works at an outlet of popular franchise Moti Mahal Deluxe restaurant in south Delhi, said service charge which gets proportionally divided among the staff acts as an "extra income" and "incentive to give our best at the job".

From double-digit hikes to promotions, IT talent takes the cake

From double-digit hikes to promotions, IT talent takes the cake

Rediff.com25 May 2022

Employee costs for Indian IT services players have touched an all-time high as salaries soar in their effort to retain talent. Engineer salaries are going through the roof. According to a news report, Infosys, which reported a 27.7 per cent attrition rate for the fourth quarter of FY22, plans to have an average salary hike of 12-13 per cent. High potential employees will get increases of 22-23 per cent.

'My parents are such phenomenal talents'

'My parents are such phenomenal talents'

Rediff.com19 Sep 2022

'For a very long time I could not bring myself to watch several of their films because I couldn't see them depressed, in trouble or dead on screen.' 'It was hard to separate my parents from their characters, so I stayed away.' 'It was only after I became an actor that it became a job requirement.'

TN sets up GST advisory body, experts fear it may clash with Centre

TN sets up GST advisory body, experts fear it may clash with Centre

Rediff.com6 Apr 2022

If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.

Five years of GST: Recovery of input tax credit still a struggle

Five years of GST: Recovery of input tax credit still a struggle

Rediff.com27 Jun 2022

Agra has long been known for the Taj Mahal, but it is also a manufacturing hub filled with micro, small and medium enterprises (MSMEs) that make everything from electronic components to metal products, from paints and chemicals to footwear. And five years after the introduction of the Goods and Services Tax (GST), the MSMEs here complain that while the indirect tax regime has been transformative, cutting out the need to file multiple taxes, its biggest drawback has been the delay in credit refunds. Whoever you speak to - MSME owners, tax lawyers, or industry bodies like the National Chambers of Industries and Commerce (NCIC), Agra Footwear Manufacturers and Exporters Chamber (AFMEC) and Agra Shoe Manufacturers Association (ASMA) - they all emphasise that the GST continues to face some key challenges.

'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.

Anti-Putin Protests In London

Anti-Putin Protests In London

Rediff.com17 Feb 2022

Glimpses of the pro-Ukrainian demonstration in London on Wednesday, February 16, 2022, as the United States warned of a Russian invasion of Ukraine.

How Airtel took a long call on profit by focusing on costs and customers

How Airtel took a long call on profit by focusing on costs and customers

Rediff.com20 Jun 2022

Six consecutive profitable quarters after an equal number of losses - for Bharti Airtel, the turnaround has been quick. But it is not a result of higher tariffs or absence of exceptional items alone. Execution and strategy are playing a part, too. Bharti Airtel's chief executive officer Gopal Vittal summed it up in a post-result conference call last month. "We track the profit in each of our 237,500 (cell) sites.

India crosses $400-bn milestone in exports

India crosses $400-bn milestone in exports

Rediff.com23 Mar 2022

The country's exports for the first time crossed the $400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday. The merchandise exports rose by by 37 per cent to $400.8 billion in 2021-22 until March 21 against $292 billion in 2020-21. Previously, the outbound shipments had touched a record of $330.07 billion in 2018-19.

Dubai ruler tweets in Malayalam, Pinarayi replies in Arabic, Gulf expats go ecstatic

Dubai ruler tweets in Malayalam, Pinarayi replies in Arabic, Gulf expats go ecstatic

Rediff.com3 Feb 2022

A tweet in Malayalam by Sheikh Mohamed bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai, soon after his meeting with Kerala Chief Minister Pinarayi Vijayan in the Emirates, has gone viral on social media as several expatriate Malayalis shared it on their virtual platforms.

2nd Covid wave derails recovery momentum of auto industry

2nd Covid wave derails recovery momentum of auto industry

Rediff.com20 May 2021

The second wave of the pandemic in the country has derailed the recovery momentum of the domestic auto industry, which was poised for a comeback in the current fiscal after witnessing the two consecutive challenging years, ratings agency ICRA said on Thursday. Unlike the first wave where infections were largely localised to urban clusters, the second wave has seen deeper and wider penetration, including into rural hinterlands. Accordingly, outlook for various segments has been revised downwards, it said.

Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Rediff.com13 Jun 2022

An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India's largest corporate groups to scoop up drone start-ups. "Indian corporations lost the race in aerospace and space tech. "No one wants to miss the bus this time. "These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future," says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).

Soon, daily essential items may cost up to 10% more

Soon, daily essential items may cost up to 10% more

Rediff.com20 Mar 2022

Besides, the ongoing war between Russia and Ukraine has also added another blow to FMCG makers as they expect a rise in the prices of wheat, edible oil and crude. Companies such as Dabur and Parle are watching the situation and will undertake calibrated price increases to mitigate the inflationary pressures.

Will strengthen spirit of cooperation during Europe visit: PM

Will strengthen spirit of cooperation during Europe visit: PM

Rediff.com1 May 2022

In a statement, Modi said he will be visiting Berlin on May 2 at the invitation of German Chancellor Olaf Scholz, following which he will travel to Copenhagen on May 3-4 at the invitation of his Danish counterpart Mette Frederiksen to hold bilateral engagements and also participate in the Second India-Nordic Summit.

Edtech sector in crisis as Covid curbs ease; hybrid model offers hope

Edtech sector in crisis as Covid curbs ease; hybrid model offers hope

Rediff.com10 Jun 2022

The reopening of schools and colleges has sparked a crisis in the edtech sector with falling valuations, slowing funding rounds and faltering investor sentiment. In a totally altered, post-pandemic landscape where students are back at school and colleges, companies are scrambling to revert to bricks-and-mortar tuition centres and adopting a hybrid model of offline and online education. Demand for online tuition has fallen, affecting the revenue of edtech companies in recent months. After two years of booming revenues, some experts say the sector is looking at a possible meltdown.

Bengal foundry units impacted by Ukraine war as input prices soar

Bengal foundry units impacted by Ukraine war as input prices soar

Rediff.com28 Apr 2022

After the Ukraine war, coke prices just soared and most units don't have money left to buy raw material. Customers are not absorbing the price escalation'

Modi turns 72, leads a busy day as wishes pour in

Modi turns 72, leads a busy day as wishes pour in

Rediff.com17 Sep 2022

Wishing him, President Droupadi Murmu said the work for nation-building under his incomparable hardwork, dedication and creativity continue to advance.

Indian tea companies smell opportunity as Sri Lanka crisis brews

Indian tea companies smell opportunity as Sri Lanka crisis brews

Rediff.com26 Apr 2022

As the economic crisis in Sri Lanka - the world's largest exporter of orthodox tea - continues to rage across the island nation, tea producers in India look to cash in on the opportunity to seize the market. The country's largest tea growing company, McLeod Russel India, expects orders to come in from July. "A huge opportunity is coming up for everyone in India. "McLeod Russel is well placed because we have the capacity for orthodox tea," said Azam Monem, director, McLeod Russel. About 10 per cent of McLeod's production is orthodox tea.

How UGC's 2-Degree Choice Will Help Students

How UGC's 2-Degree Choice Will Help Students

Rediff.com25 Apr 2022

The decision to allow students to pursue two degrees simultaneously will boost their employability as it gives them the opportunity to concentrate on one mainstream undergraduate degree while enrolling in another with a vocational focus.

Jio, Finland's University of Oulu ink JV on 6G technology

Jio, Finland's University of Oulu ink JV on 6G technology

Rediff.com20 Jan 2022

Jio's Estonia arm and Finland-based University of Oulu have signed an agreement to collaborate for development of 6G technology as well as to foster entrepreneurship. The collaboration with the university is expected to extend Jio's 5G capabilities and will help explore use cases in the 6G era. Jio Platforms is the parent of telecom player Reliance Jio.

Despite chip shortage, automakers see robust sales

Despite chip shortage, automakers see robust sales

Rediff.com1 Jun 2022

Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales.