Search results for ' Vice Industry'

No end in sight to price India pays for imported coal

No end in sight to price India pays for imported coal

Rediff.com6 Jul 2022

India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.

Domestic air passenger traffic at 111 lakh in Dec; up 52% y-o-y

Domestic air passenger traffic at 111 lakh in Dec; up 52% y-o-y

Rediff.com10 Jan 2022

Domestic air passenger traffic remained 44 per cent lower in the April-December 2021 against the corresponding period of FY20, but saw a jump of 52 per cent year-on-year to 111 lakh in December 2021, according to rating agency ICRA. The total domestic passenger traffic had stood at 73 lakh in December 2020, according to a report by the rating agency. It also said that the emergence of new coronavirus variant and reactionary restrictions impacting air travel remain near term-challenges for the airline industry.

5 Jobs In Cloud Computing

5 Jobs In Cloud Computing

Rediff.com16 Feb 2022

The cloud market in India is expected to grow by 26% by the end of 2022.

Asset quality of NBFCs worsens in H1 amid pandemic

Asset quality of NBFCs worsens in H1 amid pandemic

Rediff.com29 Dec 2021

The asset quality of non-banking financial companies (NBFCs) deteriorated in April-September 2021 (H1FY22) owing to the second wave of the pandemic. Their gross non-performing assets (NPAs) rose to 6.8 per cent in September 2021 from 6 per cent in March 2021. The Reserve Bank of India's (RBI's) annual Trend and Progress report (FY21) said the sector might have to grapple with higher delinquencies as and when policy measures unwound. The pandemic posed significant challenges to NBFCs during the first wave (2020) also.

Govt doubles gas price to record levels; CNG rates may go up

Govt doubles gas price to record levels; CNG rates may go up

Rediff.com31 Mar 2022

The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.10 per million British thermal unit (mmBtu) from the current $2.90 per mmBtu, according to the oil ministry's Petroleum Planning and Analysis Cell (PPAC). The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1.

PV makers to see cumulative earning loss of Rs 2,000 crore in FY22: Icra

PV makers to see cumulative earning loss of Rs 2,000 crore in FY22: Icra

Rediff.com23 Dec 2021

Passenger Vehicle makers are likely to see their cumulative earnings at an operating level erode by Rs 1,800-2,000 crore in the year ending March 2022 on account of the shortage of semiconductors, rating agency Icra said at a webinar on Wednesday. The industry, it pointed out, is estimated to lose production of 500,000 units at the end of FY22 due to the chronovc shortage the chip, which is critical in safety, entertainment and the various other smart features of a car. "In absence of the chip crisis, the industry volumes are likely to have exceeded the all-time peak annual volumes." Icra has pared its growth estimates for the PV market from the earlier 10-14 per cent to 8-11 per cent now in FY22.

Gujarat again tops NITI's Export Preparedness Index

Gujarat again tops NITI's Export Preparedness Index

Rediff.com25 Mar 2022

Gujarat, for the second consecutive year, has topped the Niti Aayog's Export Preparedness Index 2021 which is aimed at assessing the readiness of the states in terms of their export potential and performance. Gujarat was followed by Maharashtra, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Punjab, Andhra Pradesh and Telengana, according to the government think tank's report. Union territories and states like Lakshadweep, Arunachal Pradesh, Mizoram, Ladakh and Meghalaya were placed at the bottom.

Metals get their shine back

Metals get their shine back

Rediff.com25 Mar 2022

When the world was upended by the Covid-19 pandemic, metals got its shine back. In the last two years, infrastructure spending by major economies spurred demand, energy transition and intermittent supply disruptions fuelled a scorching rally in metals after a downturn during the first Covid wave. Now, Russia's war on Ukraine is ensuring that elevated prices stay the course.

Inflation eats into India's rural demand while green shoots become visible

Inflation eats into India's rural demand while green shoots become visible

Rediff.com11 Aug 2022

In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.

RBL Bank: Strange Corner Office Changes

RBL Bank: Strange Corner Office Changes

Rediff.com5 Jul 2022

One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.

Will Modi Play The Patel Card In Presidential Poll?

Will Modi Play The Patel Card In Presidential Poll?

Rediff.com16 Mar 2022

Modi knows how to turn Gujarati pride into an emotive issue at election time and a Gujarati President would have its own electoral resonance and significance, note Sunil Gatade and Venkatesh Kesari.

Major drivers for the equity markets this week

Major drivers for the equity markets this week

Rediff.com24 Jan 2022

Equity markets will look for directions from global trends, ongoing quarterly earnings and investment patterns of foreign institutional investors (FIIs) in a holiday-shortened week ahead and may encounter volatility amid the scheduled monthly derivatives expiry, according to analysts. Equity markets will remain closed on Wednesday on account of 'Republic Day'. "This week is a holiday-shortened one and it's going to be critical due to the list of events and data that are lined up.

'We are becoming a macro image of Pakistan'

'We are becoming a macro image of Pakistan'

Rediff.com22 Apr 2022

'If we go in the same direction as them, we cannot expect a different result from them.' 'Our fall is going to be very swift.' 'Within a decade, we can expect the situation to change for the worse.'

ASK AJIT: Advice For Long Term Investors

ASK AJIT: Advice For Long Term Investors

Rediff.com20 Jan 2022

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Tata Motors bucks chip crisis, cements its No. 1 position in SUV market

Tata Motors bucks chip crisis, cements its No. 1 position in SUV market

Rediff.com7 Mar 2022

The Tata group flagship has sold more sport utility vehicles (SUVs) in the domestic PV market in the past four months than any other automotive manufacturer, cementing its no.1 spot. It first grabbed pole position in the SUV segment in October 2021 after the launch of the Punch - a sub-compact SUV offering.

2022: Be Choosy About Stocks

2022: Be Choosy About Stocks

Rediff.com11 Jan 2022

So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?

Rahul Bajaj, World's Favourite Indian

Rahul Bajaj, World's Favourite Indian

Rediff.com12 Apr 2022

'Rahul inspired Indian industry with an ethos, an ethos of being more confident, more independent, more thorough, more competitive, more generous, more public-spirited, and more national and more international all at once,' remembers Naushad Forbes.

Will the mid, small-cap party continue in 2022?

Will the mid, small-cap party continue in 2022?

Rediff.com8 Jan 2022

After a stellar run that saw the frontline indices - the S&P BSE Sensex and the Nifty 50 - clock gains of around 21 per cent and 24 per cent respectively in calendar year 2021 (CY21), the year gone by in real sense belonged to the mid-and small-cap segments. Thus far in CY21, the mid-and small-cap indexes on the BSE have far outpaced the run in the frontline indices and notched up a gain of around 38 per cent and 61 per cent, respectively during this period. Though analysts expect the outperformance to continue in 2022, they caution against the multiple headwinds in the year ahead that may dent the overall market sentiment.

India needs 100 million jobs in next 10 years, say experts

India needs 100 million jobs in next 10 years, say experts

Rediff.com18 Nov 2021

The country needs 100 million jobs in the formal sector in the next decade to take advantage of its demographic dividend. Also, it should get into the global supply chain to generate many of those by negotiating trade deals effectively, industry players and experts have said. "We need something like 100 million jobs in the next 10 years, which means that the non-agriculture sector has to generate 14 per cent job growth every year," said Aditya Ghosh, co-founder of Akasa Airlines, at the Global Economic Policy Summit organised by the CII.

India's Russian revolution: Why refiners are buying more Russian crude

India's Russian revolution: Why refiners are buying more Russian crude

Rediff.com10 Jun 2022

India may see a structural shift in supplies of crude oil with Russia emerging as a key source of fuels, a development that reduces New Delhi's dependence on West Asian oil, gives Indian refiners better bargaining power with price-setter Saudi Arabia, and improves overall energy security. The unexpected surge in supplies of Russian crude in the last few months, unthinkable until the war in Ukraine, may also deliver other unforeseen gains such as boosting exports of refined fuels to Europe, which historically has counted on Russian shipments. India has jumped on to the bandwagon of opportunistic buying of Russian crude but if calibrated carefully, Urals crude can be a long-term asset for India refiners.

'Be greedy when others are fearful'

'Be greedy when others are fearful'

Rediff.com6 Jan 2022

Outperforming peers following a crisis in the debt markets is an act that ICICI Prudential Asset Management Company fund manager Manish Banthia has pulled off more than once.

Boost to navy as missile destroyer, submarine to join ranks

Boost to navy as missile destroyer, submarine to join ranks

Rediff.com16 Nov 2021

The Navy commander also said that as many as 39 naval ships and submarines are currently being constructed in various Indian shipyards that are expected to significantly boost India's maritime prowess.

India on Ukraine: Constructive diplomacy need of the hour

India on Ukraine: Constructive diplomacy need of the hour

Rediff.com18 Feb 2022

Tirumurti said India 'has been in touch with all concerned parties. It is our considered view that the issue can only be resolved through diplomatic dialogue.'

Prices of white goods rise third time in 2021

Prices of white goods rise third time in 2021

Rediff.com30 Dec 2021

The latest hike is likely to be followed by another such move next month, said industry players. Before the latest hike, companies had initiated price hikes to the tune of 12-13 per cent in 2021 but they weren't able to fully cover the increase in costs.

Congress gets happy tidings from Kerala, with resounding win in Thrikkakara bypoll

Congress gets happy tidings from Kerala, with resounding win in Thrikkakara bypoll

Rediff.com3 Jun 2022

A little over a year after it retained power in Kerala with a massive victory, the CPI-M-led Left Democratic Front suffered a huge setback on Friday in a bypoll held to Thrikkakara assembly constituency, with Congress candidate Uma Thomas winning with a historic margin of 25,016 votes, giving a boost to the morale of the party-led United Democratic Front in the southern state.

Under India's digital infra hood: Growing data centres

Under India's digital infra hood: Growing data centres

Rediff.com1 Apr 2022

As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.

ASK AJIT: Stocks To Buy, Hold, Exit

ASK AJIT: Stocks To Buy, Hold, Exit

Rediff.com30 Mar 2022

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Wanted: Skilled, blue-collar job seekers at electric two-wheeler firms

Wanted: Skilled, blue-collar job seekers at electric two-wheeler firms

Rediff.com20 Dec 2021

For every one experienced candidate being recruited by e-two wheeler companies, 10 have no prior experience; recruitments are for skilled, low-end jobs, not for managerial or supervisory roles.

Airlines send out SOS as loans dry up, fuel prices hit record high

Airlines send out SOS as loans dry up, fuel prices hit record high

Rediff.com24 Mar 2022

Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.

Exports rise by 22.63% to $33.79 bn in Sep

Exports rise by 22.63% to $33.79 bn in Sep

Rediff.com14 Oct 2021

India's merchandise exports rose by 22.63 per cent year-on-year to $33.79 billion in September on better performance by key sectors like engineering goods and petroleum products, according to official data released on Thursday.

'Don't invest all your savings in the stock market'

'Don't invest all your savings in the stock market'

Rediff.com21 Jan 2022

Ajit Mishra, vice president, research, Religare Broking, answers your stock market queries.

Ukraine war impact: Steel producers feel a new pinch in India

Ukraine war impact: Steel producers feel a new pinch in India

Rediff.com25 Mar 2022

Russia's war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That's because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Russia and Ukraine are major providers of steel and raw materials to the world.

Digital fraud in travel, leisure segment up by 269%

Digital fraud in travel, leisure segment up by 269%

Rediff.com27 Sep 2021

With the restart of economic activity, fraudsters have shifted their focus to target unsuspecting people from travel and leisure, communities (online forums) and logistics sectors, a report said.

Modi to meet top 5 US CEOs, 2 of them Indian Americans

Modi to meet top 5 US CEOs, 2 of them Indian Americans

Rediff.com23 Sep 2021

On Thursday, the prime minister is scheduled to hold one-on-one meetings with top five American CEOs. Two of them are Indian Americans -- Shantanu Narayen from Adobe and Vivek Lall from General Atomics. The three others are Cristiano E Amon from Qualcomm, Mark Widmar from First Solar, and Stephen A Schwarzman from Blackstone.

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Rediff.com22 Sep 2021

Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.

After Lord Ram, leaders turn to Krishna ahead of UP poll

After Lord Ram, leaders turn to Krishna ahead of UP poll

Rediff.com5 Jan 2022

Krishna chants gained more currency when Samajwadi Party chief Akhilesh Yadav invoked the deity.

Ex-IAS Rajiv Aggarwal succeeds Ankhi Das as FB India policy head

Ex-IAS Rajiv Aggarwal succeeds Ankhi Das as FB India policy head

Rediff.com20 Sep 2021

Aggarwal, in this role, will define and lead important policy development initiatives for Facebook in India on an agenda that covers user safety, data protection and privacy, inclusion and internet governance, a statement said.

SpiceHealth, AAI in blame game over Covid fiasco at Amritsar airport

SpiceHealth, AAI in blame game over Covid fiasco at Amritsar airport

Rediff.com13 Mar 2022

SpiceHealth had on January 6 and January 7 tested 469 passengers who arrived on two charter flights from Italian capital Rome and found 298 of them to be COVID-19-positive.

These 5 blue-chip stocks saw 'unusual' price surge

These 5 blue-chip stocks saw 'unusual' price surge

Rediff.com15 Sep 2021

Futures contracts of five blue-chip companies traded on the National Stock Exchange (NSE) saw an unusual price spurt on Tuesday. According to data provided by the NSE, futures contracts of HDFC, Bharti Airtel, HDFC Bank, Tata Consultancy Services (TCS), and Reliance Industries (RIL) jumped around 10 per cent each for a few nanoseconds in early trading. This was seen in contracts expiring in September as well as October.

Infosys, Microsoft ink multi-year deal with Ausgrid

Infosys, Microsoft ink multi-year deal with Ausgrid

Rediff.com13 Sep 2021

IT major Infosys and Microsoft have entered into a multi-year strategic engagement with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast. This programme will further Ausgrid's vision to connect communities and empower lives with a focus on affordability, reliability and sustainability, Infosys said in a regulatory filing on Monday. "With over 4 million Australians relying on our services every day, it is essential we are maintaining our high standard of reliability and connectivity, as well as delivering on the expectations of Australian communities," Nick Crowe, acting CIO at Ausgrid, said.