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US 'laser-focused' on troop pullout from Afghanistan by Aug 31

US 'laser-focused' on troop pullout from Afghanistan by Aug 31

Rediff.com24 Aug 2021

The Biden Administration on Monday said it was now focused on completing its evacuation mission from Afghanistan by August 31, the deadline for removing all American troops from the country.

Stocks: 'Third wave will bring near-term challenges'

Stocks: 'Third wave will bring near-term challenges'

Rediff.com23 Aug 2021

'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'

Confused about the stock market? Here's Help

Confused about the stock market? Here's Help

Rediff.com23 Aug 2021

'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'

Assemblies, Parliament meant for debate, not disruption: VP

Assemblies, Parliament meant for debate, not disruption: VP

Rediff.com18 Aug 2021

Referring to the ugly scenes witnessed in the Rajya Sabha recently and indicating action against those involved, he reminded elected representatives of their responsibilities.

Ask Ajit: Stocks to BUY, HOLD or SELL

Ask Ajit: Stocks to BUY, HOLD or SELL

Rediff.com18 Aug 2021

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

Why are the Rich Leaving India?

Why are the Rich Leaving India?

Rediff.com16 Aug 2021

'For HNIs, shifting economic activities outside India by creating regional hubs for businesses is a better option.'

Tea companies may may get their flavour back despite drop in prices

Tea companies may may get their flavour back despite drop in prices

Rediff.com9 Aug 2021

Last year, major tea companies performed well on the back of higher prices. However, a drop in prices over the past month and a half, is threatening to put a spanner in a repeat performance. Tea prices started on a strong note this year with prices ruling higher than last year on the back of crop loss due to adverse weather conditions. After mid-June, however, prices started dropping, though they are still higher than 2019-levels for north Indian teas (which account for more than 80 per cent of total production).

Leading auto makers post double-digit sales growth in July

Leading auto makers post double-digit sales growth in July

Rediff.com1 Aug 2021

Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-economic factors and better consumer sentiments. Similarly, Honda, Nissan, MG Motor and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors. The country's largest carmaker Maruti Suzuki India's (MSI) domestic sales increased by 39 per cent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.

Time to END Bank Nationalisation

Time to END Bank Nationalisation

Rediff.com30 Jul 2021

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.

'Dear Ajit: Need your advice on mid- and small-caps'

'Dear Ajit: Need your advice on mid- and small-caps'

Rediff.com30 Jul 2021

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

Ask Ajit: Stocks to BUY, HOLD, SELL

Ask Ajit: Stocks to BUY, HOLD, SELL

Rediff.com27 Jul 2021

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

Yediyurappa resigns as CM, suspense continues over successor

Yediyurappa resigns as CM, suspense continues over successor

Rediff.com27 Jul 2021

Yediyurappa termed these two years as 'trial by fire', pointing out that he had to run the administration without a cabinet in the initial days, followed by devastating floods and the challenge of COVID-19 management, among other issues.

Why did Xi meet PLA generals?

Why did Xi meet PLA generals?

Rediff.com26 Jul 2021

Important for India was Xi's meeting with representatives of PLA officers and soldiers stationed in Tibet. The video of the encounter was interesting to watch, especially the large number of lieutenant generals and major generals, observes Claude Arpi.

How India can avoid being crippled by chip shortages

How India can avoid being crippled by chip shortages

Rediff.com19 Jul 2021

Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.

Despite security risks, 95% Indian cos to continue with WFH

Despite security risks, 95% Indian cos to continue with WFH

Rediff.com15 Jul 2021

The survey covered 1,210 IT executives and technology professionals from North America, the United Kingdom, Australia, New Zealand, Singapore and India. In India, 202 respondents from businesses with more than 500 employees across 18 industry verticals completed the survey. Overall, 89 per cent of the respondents said implementing a work-from-home policy had increased security challenges for their organisations. The risk posed by shadow IT was especially high, with 89 per cent of companies having no control over the software that employees purchase and install on their devices.

3 major drivers for the markets this week

3 major drivers for the markets this week

Rediff.com11 Jul 2021

Quarterly earnings from IT majors Infosys and Wipro, macroeconomic data announcements and global cues would be the major drivers for the equity markets this week, said analysts. Leading IT companies Infosys and Wipro and other players such as Mindtree, Tata Elxsi and HDFC AMC would announce their financial results this week. Moreover, industrial production numbers, retail and wholesale inflation data would be released this week.

The Man in the Middle of the Twitter Storm

The Man in the Middle of the Twitter Storm

Rediff.com10 Jul 2021

When the Delhi police served him a notice in May for a case involving tagging some political leaders' tweets as carrying manipulated media, a spirited Maheshwari said he was employed by Twitter Communications Private Limited, and not Twitter Inc, and, therefore, could not help them. The authorities were understandably not pleased.

Why Modi's goal to cut oil import by 2022 will be unfulfilled

Why Modi's goal to cut oil import by 2022 will be unfulfilled

Rediff.com9 Jul 2021

India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.

The faces from Gujarat in new Modi Cabinet

The faces from Gujarat in new Modi Cabinet

Rediff.com7 Jul 2021

Influential Patel community leader Parshottam Rupala, minister in the first Narendra Modi government Mansukh Mandaviya and three-time MP Darshana Jardosh, all from Gujarat, were among those inducted in the Union cabinet on Wednesday.

Air passenger traffic takes wings once again in Jun

Air passenger traffic takes wings once again in Jun

Rediff.com6 Jul 2021

Domestic air passenger traffic was back to the growth trajectory in June amid the falling number of COVID-19 cases in the country with around three million passengers flying on local routes in the previous month as against around two million in May, a report said on Tuesday. Though there is some recovery observed in June, stress on demand continues, driven largely by the second wave of the pandemic, limiting travel to only necessary travel, credit rating agency ICRA said in its report. On a sequential basis, domestic passenger traffic was up 41-42 per cent in June over May.

Traders cry foul over stock limit on pulses

Traders cry foul over stock limit on pulses

Rediff.com6 Jul 2021

On a day when several mandis across the country are closed in protest against the recent Centre's decision to impose stringent stock-holding limit on pulses, the government clarified that limits have been defined as retail prices are still higher than last year though there is some moderation in the last few weeks. It said the same logic also holds true for edible oils, the import duties on which was slashed few days back and curbs lifted on import of refined oils. The decision on edible oil and pulses have caused massive resentment among the trading community as it came just ahead of the kharif sowing season, when prices were off their peaks due to multiple steps announced previously. Sources said trading activity in some of the major mandis dealing in pulses such as Sholapur, Amravati and Latur in Maharashtra, Indore and Dewas in Madhya Pradesh along with Kanpur in Uttar Pradesh was impacted as traders went on a flash strike in protest against the decision to impose stock limits.

Indo-American Chamber slams new e-com rules

Indo-American Chamber slams new e-com rules

Rediff.com6 Jul 2021

The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.

Housing sector hopes for boost from pent-up demand

Housing sector hopes for boost from pent-up demand

Rediff.com5 Jul 2021

The key demand drivers -- such as low home loan rates and income tax sops, particularly for affordable housing -- that supported the recovery in H2 FY2021, remain in place and will spur recovery again, feel experts.

As Covid situation eased, auto sales revved up in June

As Covid situation eased, auto sales revved up in June

Rediff.com1 Jul 2021

Major automakers, including Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia, Toyota and Honda, on Thursday reported healthy growth in passenger vehicles sales in June, recovering from the disruptions induced by the second wave of COVID-19. The country's largest carmaker Maruti Suzuki India (MSI) posted total sales of 1,47,368 units in June, up from 46,555 units in May. Its domestic dispatches to dealers last month stood at 130,348 units, up from 35,293 units in May, as easing of COVID-related restrictions helped the auto major to dispatch more units to dealerships.

'Is it good to hold stock SIPs for long?'

'Is it good to hold stock SIPs for long?'

Rediff.com23 Jun 2021

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

Colgate-Palmolive ready to ride the herbal wave

Colgate-Palmolive ready to ride the herbal wave

Rediff.com21 Jun 2021

Colgate-Palmolive India is placing greater emphasis on freshness, whitening, therapeutic, and family toothpastes, as rivals such as Dabur and Patanjali dominate the growing naturals segment of the market. Once under 5 per cent of the Rs 10,000-crore domestic toothpaste market, the naturals segment, which includes ayurvedic and herbal variants, is now 25-30 per cent of the market, industry executives said. Growth rates of the naturals segment are estimated to be in the region of 8-9 per cent in volume terms. In value terms, the growth rate for naturals is around 10-12 per cent, sector experts said.

Ask Ajit: Stocks to Buy, Hold or Exit

Ask Ajit: Stocks to Buy, Hold or Exit

Rediff.com21 Jun 2021

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

When Aamir pierced his ears...

When Aamir pierced his ears...

Rediff.com20 Jun 2021

On Lagaan's 20th anniversary, we bring back Aamir Khan's views expressed in an exclusive interview to Rediff.com Contributor Haresh Pandya in February 2000.

As cargo business grows, SpiceJet, IndiGo ready for new battle

As cargo business grows, SpiceJet, IndiGo ready for new battle

Rediff.com18 Jun 2021

Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.

Flipkart's Bengal warehouse to create about 3,500 jobs

Flipkart's Bengal warehouse to create about 3,500 jobs

Rediff.com16 Jun 2021

Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre (warehouse) in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread across an area of over 2.2 lakh sq ft, the new facility in Dankuni will cater to the needs of Flipkart and Myntra customers in the region and bolster the e-commerce major's efforts to ramps up supply chain infrastructure in the eastern part of the country. The facility will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states while also helping create national market access, according to a statement.

How will Modi deal with 'Dravidian' Stalin?

How will Modi deal with 'Dravidian' Stalin?

Rediff.com16 Jun 2021

Indications are that Modi will have words of encouragement for Stalin, and the meeting is likely to be much less acrimonious than critics of either would want it to be. notes N Sathiya Moorthy.

3rd Wave Fears: India Inc trims FY22 growth outlook

3rd Wave Fears: India Inc trims FY22 growth outlook

Rediff.com16 Jun 2021

'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'

Retail inflation at 6-mth high; WPI at record 12.94%on costlier fuel

Retail inflation at 6-mth high; WPI at record 12.94%on costlier fuel

Rediff.com14 Jun 2021

The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent. This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent. "The annual rate of inflation, based on monthly WPI, was 12.94 per cent for the month of May, 2021 (over May, 2020) as compared to (-) 3.37 per cent in May 2020.

Why inflation pain could get worse

Why inflation pain could get worse

Rediff.com14 Jun 2021

As India looks to mend its Covid-battered economy, one thing that will grab the attention of all concerned is the path that both wholesale and retail inflation will follow. Even the Reserve Bank of India in its latest policy statement said, "Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside.

Aiming to 'remove Modi', Mamata meets farmer leaders

Aiming to 'remove Modi', Mamata meets farmer leaders

Rediff.com9 Jun 2021

West Bengal Chief Minister Mamata Banerjee on Wednesday assured farmer leaders led by Rakesh Tikait and Yudhvir Singh of support to their agitation against the new agriculture laws.

Is Darjeeling Tea Losing its Fizz?

Is Darjeeling Tea Losing its Fizz?

Rediff.com9 Jun 2021

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea.

How much did Zee earn from Radhe?

How much did Zee earn from Radhe?

Rediff.com4 Jun 2021

Zee is estimated to have paid around Rs 225 crore for the complete rights of Radhe. The total revenue that it may earn could be around Rs 135 crore, implying a shortfall of Rs 90 crore.

HC verdict allowing Central Vista challenged in SC

HC verdict allowing Central Vista challenged in SC

Rediff.com2 Jun 2021

A plea was filed in the Supreme Court on Wednesday challenging the Delhi high court's May 31 verdict which dismissed a petition seeking to suspend all construction activity of the Central Vista Avenue redevelopment during the COVID-19 pandemic while describing it as a 'vital' and 'essential' project of national importance.

Ask Ajit: Stocks to buy, hold or exit

Ask Ajit: Stocks to buy, hold or exit

Rediff.com2 Jun 2021

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

Auto sales skid in May as COVID second wave bites

Auto sales skid in May as COVID second wave bites

Rediff.com1 Jun 2021

Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 142,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year.

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