Search results for ' Vice Industry'

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.

Retail loans to remain most affected due to pandemic: Moody's

Retail loans to remain most affected due to pandemic: Moody's

Rediff.com25 Feb 2021

Moody's Investors Service on Thursday said loans to retail customers, especially those to low-income borrowers, will remain most affected due to the shock caused by the coronavirus pandemic. Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody's said. "Corporate loans, in particular, have performed well because banks prior to the pandemic had largely provisioned for legacy problem loans and tightened underwriting standards," Moody's vice president and senior credit officer Srikanth Vadlamani said. Addressing an online conference organised by Moody's and its affiliate Icra, Vadlamani said an increase in non-performing loans in both public and private sector banks is subdued.

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.

Losses in banking stocks pull Sensex below 51,000

Losses in banking stocks pull Sensex below 51,000

Rediff.com19 Feb 2021

ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by SBI, Axis Bank, ICICI Bank, Bajaj Auto and Maruti. On the other hand, IndusInd Bank, HUL, Dr Reddy's, NTPC and Reliance Industries were among the gainers.

'The nation stands proud of your inspirational achievements'

'The nation stands proud of your inspirational achievements'

Rediff.com30 Aug 2021

Vice President Venkaiah Naidu also congratulated the para athletes for bringing glory to the country.

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.

Deputy chiefs, command heads may now clear small defence projects

Deputy chiefs, command heads may now clear small defence projects

Rediff.com17 Feb 2021

For the first time, the government on Wednesday delegated financial powers for capital procurement projects worth up to Rs 200 crore to armed forces officials below the level of vice chiefs to help them meet emerging security challenges, officials said.

Amazon to start manufacturing devices in India

Amazon to start manufacturing devices in India

Rediff.com16 Feb 2021

Amazon on Tuesday said it will begin manufacturing Amazon devices, including Fire TV sticks, in Chennai later this year in partnership with Foxconn's subsidiary, Cloud Network Technology.

Google introduces global kids safety programme in India

Google introduces global kids safety programme in India

Rediff.com25 Aug 2021

Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.

Data traffic in India increased 60 times in 5 years

Data traffic in India increased 60 times in 5 years

Rediff.com12 Feb 2021

A Nokia research showed that 4G alone constituted nearly 99 per cent of the total data traffic consumed across the country in 2020.

ASK AJIT: 'Suffering huge losses in stock market. Please help'

ASK AJIT: 'Suffering huge losses in stock market. Please help'

Rediff.com24 Dec 2021

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

ASK AJIT: 'Which shares to buy short term and long term?'

ASK AJIT: 'Which shares to buy short term and long term?'

Rediff.com17 Jan 2022

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

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.

COVID-19: Rajnath asks armed forces to help states

COVID-19: Rajnath asks armed forces to help states

Rediff.com20 Apr 2021

It was decided that the senior-most Army officer in a state would get in touch with the chief minister to understand the requirement and take forward the process, including offering to treat civilians wherever possible

Apple contractor Wistron says its Karnataka operations to resume soon

Apple contractor Wistron says its Karnataka operations to resume soon

Rediff.com9 Feb 2021

Shut since December following violence owing to labour unrest at its Karnataka facility, Wistron, Taiwanese contract manufacturer for Apple Inc, said on Tuesday its operations in Bengaluru will start soon, as the state government asserted it was ready to extend all cooperation. "We are looking forward to restarting our operations and welcoming back team members," David Shen, CEO Wistron Smart Devices, said in a statement. He said since the violent incident at their Narasapura facility in Kolar district in December last year, the company has been working hard on improving across the board to raise standards and fix the issues.

Domestic air travel demand contracts 41% to around 76 lakh passengers in Jan

Domestic air travel demand contracts 41% to around 76 lakh passengers in Jan

Rediff.com8 Feb 2021

Domestic air travel demand contracted by 41 per cent year-on-year to around 76 lakh passengers in January with sequential growth also slowing down to 3.5 per cent during the month over December 2020, a report said on Monday. Indian carriers had flown a total of 1.27 crore passengers on domestic routes in January 2020. Indian aviation industry has witnessed a continued recovery in domestic passenger traffic in January 2021.

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.

Sumitra Mahajan, SPB, Tarun Gogoi among 118 given Padma awards

Sumitra Mahajan, SPB, Tarun Gogoi among 118 given Padma awards

Rediff.com9 Nov 2021

Veteran doctor and educationist from Karnataka Belle Monappa Hegde and archaeology legend B B Lal were also given the Padma Vibhushan awards.

Crucial fertiliser shortage may pinch farmers

Crucial fertiliser shortage may pinch farmers

Rediff.com9 Nov 2021

Enthused by rising potato prices after a prolonged slump, Pradeep Sharma was planning to sow the crop on his 15-acre farm near Agra slightly earlier than usual. The delayed departure of the southwest monsoon also prompted his decision, since the good soil moisture would have saved at least one initial irrigation. But the acute shortage of diammonium phosphate (DAP), a crucial nutrient ahead of the sowing season for potatoes, nipped those hopes in the bud. DAP is the second-most used fertiliser in the country after urea.

Moody's expresses doubts on higher revenue targets from tax, divestment

Moody's expresses doubts on higher revenue targets from tax, divestment

Rediff.com1 Feb 2021

Moody's Investors Service, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment realisation as assumed in the Budget. The Union Budget 2021-22 has pegged a fiscal deficit of 9.5 per cent for the current financial year as against the consensus 7 per cent, and 6.8 per cent for 2021-22 with a market borrowing of around Rs 12 lakh crore. It also assumes Rs 1.75 lakh crore to be scooped up from divestment.

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.'

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.

Domestic passenger traffic slips to 10-year low in FY21

Domestic passenger traffic slips to 10-year low in FY21

Rediff.com6 Apr 2021

India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said. However, in the previous fiscal there were no passenger flight operations for almost two months due to the pandemic-induced lockdown. During the financial year 2010-11, all domestic air operators together had flown a total of 53.8 million passengers on local routes, according to ratings agency ICRA. The domestic passenger traffic in March 2021 has been estimated at around 77-78 lakh, a marginal decline of about 1 per cent over February during which airlines had flown around 78.30 lakh passengers, it said.

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.

Indo-US economic ties to be high priority for Biden: CII

Indo-US economic ties to be high priority for Biden: CII

Rediff.com21 Jan 2021

The Confederation of Indian Industry (CII) on Thursday said it believes that India-US bilateral economic ties would be a high priority for President Joe Biden-led administration in America. "The Indian industry feels that with President Biden and Prime Minister (Narendra) Modi at the helm, the two countries would play a strong role in re-shaping the global economic agenda together," CII president Uday Kotak said. Congratulating Biden on assuming charge as the 46th President of the US, Kotak said, "President Biden's experience in re-building the US economy during the Great Recession would help strengthen the US and global economic recovery in the aftermath of the pandemic."

Kamala Harris wears 2 Black designers on Inauguration Day

Kamala Harris wears 2 Black designers on Inauguration Day

Rediff.com20 Jan 2021

In opting to wear the dress designed by Christopher John Rogers and Sergio Hudson, Harris has sent her own message to the country that Black designers have arrived on the scene.

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.

IT cos' revenues to grow up to 9% in FY22: Icra

IT cos' revenues to grow up to 9% in FY22: Icra

Rediff.com14 Jan 2021

Demand for digital technologies and resumption of normal economic activities will drive sales for IT companies, and the sector will post a revenue growth of up to 9 per cent in 2021-22, a report said on Thursday. Rating agency Icra gave a "stable" outlook for the sector, whose size is pegged at over $180 billion by industry lobby Nasscom, including the business process outsourcing business. The IT services sector's revenues will rise between 7-9 per cent in rupee terms and between 5-8 per cent in dollar terms in 2021-22, it estimated.

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.

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.

IBM receives record patents; India 2nd-highest contributor

IBM receives record patents; India 2nd-highest contributor

Rediff.com12 Jan 2021

Tech giant IBM on Tuesday said it has received 9,130 US patents in 2020 - topping the US Patent List for the 28th consecutive year - with India being the second-highest contributor. "IBM scientists and researchers received 9,130 US patents in 2020, the most of any company, marking 28 consecutive years of IBM patent leadership. "IBM led the industry in the number of artificial intelligence (AI), cloud, quantum computing and security-related patents granted," IBM said in a statement. For the fourth year in a row, IBM India was the second highest contributor to IBM's global tally with 930 patents granted to inventors from India in 2020.

Police complaints filed against Vir Das for US show

Police complaints filed against Vir Das for US show

Rediff.com17 Nov 2021

The well-known satirist, who has issued a statement saying his comments weren't intended to insult the country, found backing from Trinamool Congress member Mahua Moitra as well as Congress leaders Kapil Sibal and Shashi Tharoor.

Industry divided over Budget sops for EVs

Industry divided over Budget sops for EVs

Rediff.com8 Jul 2019

While home-grown firms like Tata and Mahindra have been actively participating in the government's e-mobility mission, by launching electrified versions of their existing models, the global firms believe electric is not the best solution for a country where the primary source of power generation is coal, and where infrastructure is a big impediment.

'Rahul Bhai would take on Modi or anybody, if he felt something was not in the favour of the nation'

'Rahul Bhai would take on Modi or anybody, if he felt something was not in the favour of the nation'

Rediff.com18 Feb 2022

'Rahul Bhai was well known for speaking the truth.' 'He did not accept anything he considered wrong.'

From Ford to Harley-Davidson, why US automakers failed in India

From Ford to Harley-Davidson, why US automakers failed in India

Rediff.com21 Sep 2021

Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.

ASK AJIT: 'I am new to trading, need your advice'

ASK AJIT: 'I am new to trading, need your advice'

Rediff.com8 Dec 2021

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

How Tamil Nadu has transformed to attract mega investment

How Tamil Nadu has transformed to attract mega investment

Rediff.com8 Mar 2021

A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.

 Will Mondelez's Christmas cookie work?

Will Mondelez's Christmas cookie work?

Rediff.com23 Dec 2020

The company expects Bournvita Crunchy to strengthen its presence in the cookie segment.

Shrinking screens: Is cable TV dying in India?

Shrinking screens: Is cable TV dying in India?

Rediff.com28 Nov 2021

For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.

ULIPs remain popular despite tax tweak

ULIPs remain popular despite tax tweak

Rediff.com5 May 2021

These products are extremely transparent and are the lowest charged products in the insurance space. The policyholder has to only pay the fund management charge. Hence, from the cost side, ULIPs are very competitive.