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Investors pin hope on govt support amid under-recoveries of BPCL, HPCL

Investors pin hope on govt support amid under-recoveries of BPCL, HPCL

Rediff.com10 hours ago

The market responded positively to the Q1 results of oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) despite numbers being weaker than consensus. BPCL's reported gross refining margin (GRM) was in line at $7.9 per barrel (bbl) in Q1FY25, which implies marketing margin stood at Rs 4.8 per litre. Standalone profit after tax or PAT at Rs 3,000 crore was down versus consensus due to under-recoveries in LPG business.

Olympics PIX: Hocker pulls off upset; Thomas wins 200m

Olympics PIX: Hocker pulls off upset; Thomas wins 200m

Rediff.com20 hours ago

American Cole Hocker delivered one of the all-time Olympic shocks when he won the 1,500 metres gold

Padukone's sharp criticism divides badminton players

Padukone's sharp criticism divides badminton players

Rediff.com1 days ago

Padukone said it's high time that players learn to withstand pressure, take responsibility, and deliver results after receiving significant support from the government.

Olympics Surfing: Vaast takes gold for France and Tahiti

Olympics Surfing: Vaast takes gold for France and Tahiti

Rediff.com1 days ago

Tahitian Kauli Vaast surfed a near perfect final to claim the gold medal for France in the men's event on Monday.

India must focus on mind training of athletes: Prakash

India must focus on mind training of athletes: Prakash

Rediff.com1 days ago

Shocked at the way Lakshya Sen succumbed to pressure in the men's singles badminton bronze medal play-off at the Paris Olympics, the legendary Prakash Padukone said it's high time players learn to withstand pressure, become accountable and start delivering results after receiving support.

Kerala looks at early rehabilitation of Wayanad's disaster-hit

Kerala looks at early rehabilitation of Wayanad's disaster-hit

Rediff.com2 days ago

Land, houses and other infrastructure facilities required for the rehabilitation procedure would be constructed at the earliest, the authorities said.

Olympics: Lakshya goes down fighting in bronze match

Olympics: Lakshya goes down fighting in bronze match

Rediff.com2 days ago

Lakshya leaves Paris with the best-ever finish by an Indian shuttler in the men's singles event at the Olympics.

PICS: Noah Lyles is the world's fastest man!

PICS: Noah Lyles is the world's fastest man!

Rediff.com2 days ago

Noah Lyles is the new Olympic 100m champion!

Tata's Rs 27K-cr Assam chip plant to start in 2025; create 27K jobs initially

Tata's Rs 27K-cr Assam chip plant to start in 2025; create 27K jobs initially

Rediff.com3 days ago

Tata Electronics on Saturday began the construction of its Rs 27,000-crore chip assembly plant in Assam, which is expected to become operational next year and create 27,000 jobs initially. The plant will produce 4.83 crore chips per day using indigenously-developed technologies. The plant's Bhumi Pujan (foundation stone laying) ceremony was held at the project site at Jagiroad in Morigaon district in the presence of Assam Chief Minister Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran.

Investors lose Rs 4.4 lakh crore as markets bleed

Investors lose Rs 4.4 lakh crore as markets bleed

Rediff.com5 days ago

Investor wealth eroded by Rs 4.46 lakh crore in a single day on Friday with the benchmark BSE Sensex tanking more than 1 per cent in line with global stocks rout. The 30-share BSE Sensex plunged 885.60 points or 1.08 per cent to close at 80,981.95 with 25 of its components declining and five ending with gains. During the day, it nosedived 998.64 points or 1.21 per cent to hit an intra-day low of 80,868.91.

49 children missing or dead in Wayanad landslides: Minister

49 children missing or dead in Wayanad landslides: Minister

Rediff.com5 days ago

The minister added that many of the surviving children have lost their textbooks and certificates, among others, and the government will consider all these matters and help them after a discussion with the chief minister.

Wayanad landslides: 210 bodies recovered so far; 300 people still missing

Wayanad landslides: 210 bodies recovered so far; 300 people still missing

Rediff.com5 days ago

The number of people who have died in the massive landslides that hit Wayanad district three days ago has gone up to 210, Kerala Tourism Minister P A Mohamed Riyas said on Friday.

Tribunal approves Byju's settlement with BCCI

Tribunal approves Byju's settlement with BCCI

Rediff.com5 days ago

In a major relief to Byju's, the NCLAT on Friday set aside insolvency proceedings against the troubled edtech major over a sponsorship deal and approved a Rs 158 crore settlement with the Board of Control for Cricket in India. The National Company Law Appellate Tribunal (NCLAT), however, passed the order with a caveat that any failure to make payments on the specific dates mentioned in the undertaking would automatically lead to a revival of the insolvency proceedings against Byju's.

Bing Jiao dashes Sindhu's Olympics 'treble' hopes

Bing Jiao dashes Sindhu's Olympics 'treble' hopes

Rediff.com5 days ago

A third straight Olympics medal eluded P V Sindhu after a shock exit from the Paris Games following a straight-games defeat to China's world No. 6 He Bingjiao in the women's singles badminton pre-quarter-finals in Paris on Thursday.

MAF's Steal A March Over BAF's

MAF's Steal A March Over BAF's

Rediff.com7 days ago

Multi-asset allocation funds emerged as the most popular option for MFs as they provided the needed flexibility.

BEWARE Of Such Scams!

BEWARE Of Such Scams!

Rediff.com29 Jul 2024

What is digital house arrest? It is a tactic cybercriminals use to confine victims to their homes and scam them, explains Tamal Bandyopadhyay.

PIX: India crush Bangladesh, storm into Women's Asia Cup final

PIX: India crush Bangladesh, storm into Women's Asia Cup final

Rediff.com27 Jul 2024

In fact, Bangladesh hardly recovered from the deep wounds inflicted by Renuka in the first six overs.

Sensex sheds 109 points at close; metal, bank stocks major drag

Sensex sheds 109 points at close; metal, bank stocks major drag

Rediff.com25 Jul 2024

Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel and State Bank of India were the other laggards. Among the gainers, Tata Motors jumped nearly 6 per cent. Larsen & Toubro, Sun Pharma, Kotak Mahindra Bank, Bajaj Finance and Power Grid also ended in the positive territory.

List of Indian athletes qualified for Paris Olympics 2024

List of Indian athletes qualified for Paris Olympics 2024

Rediff.com25 Jul 2024

India will send 117 athletes to the Paris Olympics, starting July 26 in the French capital. This will be India's second-biggest contingent at an Olympic Games after 121 athletes went to Tokyo in 2021. A total of 47 female and 70 male athletes will be part of the Indian contingent at the Games.

Fiscal deficit for FY25 estimated to be 4.9%: FM

Fiscal deficit for FY25 estimated to be 4.9%: FM

Rediff.com23 Jul 2024

Union Finance Minister Nirmala Sitharaman on Tuesday said the fiscal deficit for 2024-25 is estimated at 4.9 per cent of GDP.

Water resources, Ganga allocations surge 55% to Rs 30,234 cr

Water resources, Ganga allocations surge 55% to Rs 30,234 cr

Rediff.com23 Jul 2024

The revised budget for 2024-25 shows a sharp rise in the allocations, particularly for major irrigation projects and the Namami Gange Mission-II.

Economic Survey pitches for more FDI from China

Economic Survey pitches for more FDI from China

Rediff.com22 Jul 2024

Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.

Mumbai gets 100 mm rainfall in 10 hrs; rail, air traffic hit

Mumbai gets 100 mm rainfall in 10 hrs; rail, air traffic hit

Rediff.com21 Jul 2024

Flight operations at Chhatrapati Shivaji Maharaj International Airport were suspended twice for a brief period due to inclement weather and low visibility, a source said.

Sikar in Rajasthan emerges as major hub for NEET-UG

Sikar in Rajasthan emerges as major hub for NEET-UG

Rediff.com21 Jul 2024

An analysis of data indicated that while the candidates who allegedly benefitted from the paper leak and other irregularities have not done well, some centres have a high concentration of well-performing students.

When Sharad Pawar stood up to meet nephew Ajit

When Sharad Pawar stood up to meet nephew Ajit

Rediff.com20 Jul 2024

Nationalist Congress Party-Sharadchandra Pawar chief Sharad Pawar stood up when he came face to face with his estranged nephew and Maharashtra deputy chief minister Ajit Pawar at an official meeting in Pune on Saturday.

Budget: Nirmalaji's Chance To Revisit Fiscal Math

Budget: Nirmalaji's Chance To Revisit Fiscal Math

Rediff.com19 Jul 2024

Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.

Infosys Q1 net profit rises 7%, hikes FY25 growth outlook

Infosys Q1 net profit rises 7%, hikes FY25 growth outlook

Rediff.com18 Jul 2024

IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to Rs 6,368 crore in the April-June quarter, compared to Rs 5,945 crore in the same period a year back, according to a stock exchange filing by the company.

83 and Unstoppable: Boycott defeats throat cancer

83 and Unstoppable: Boycott defeats throat cancer

Rediff.com18 Jul 2024

The former England batter had undergone extensive chemotherapy for the same in 2002. But in May, the 83-year-old learnt his cancer had returned.

Bhujbal meets Sharad Pawar day after taking dig at him

Bhujbal meets Sharad Pawar day after taking dig at him

Rediff.com15 Jul 2024

Bhujbal took a veiled attack at Sharad Pawar for the opposition's boycott of an all-party meeting on the Maratha quota issue.

How R&D Powers India's Himalayan-Altitude Flight

How R&D Powers India's Himalayan-Altitude Flight

Rediff.com13 Jul 2024

HAL's sustained, long-term income will come from the design, development, manufacture, overhaul, and upgrade of a family of helicopters designed for deployment on India's 21,000-foot-high Himalayan frontier with Pakistan and China.

And Radhika-Anant Are Married...

And Radhika-Anant Are Married...

Rediff.com13 Jul 2024

The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.

GST@7: Challenges But Collections Surge

GST@7: Challenges But Collections Surge

Rediff.com12 Jul 2024

Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.

Victimisation of Chinese woman may affect bilateral ties, says HC

Victimisation of Chinese woman may affect bilateral ties, says HC

Rediff.com11 Jul 2024

Unnecessary victimisation may "reflect in the bilateral relations", the Bombay high court said on Thursday while ordering the authorities to issue exit permit to a Chinese woman who was acquitted in a gold smuggling case yet could not leave India.

Can You Recognise These Actors?

Can You Recognise These Actors?

Rediff.com10 Jul 2024

We take a look at 10 recent awe-inspiring prosthetic aesthetics that actors have rocked for their respective roles in films.

June sees new highs for MF industry: equity MF inflows at Rs 40,000 cr, SIPs at Rs 21,000 cr

June sees new highs for MF industry: equity MF inflows at Rs 40,000 cr, SIPs at Rs 21,000 cr

Rediff.com10 Jul 2024

Investors pumped in a record Rs 40,608 crore into equity mutual funds in June, 17 per cent higher than in May 2024, industry body Amfi said on Tuesday. The flows into the systematic investment plans (SIPs) also reached a new high at Rs 21,262 crore for the month, which was higher than the previous high of Rs 20,904 crore recorded in May, it said. The net assets under management (AUM) for the entire MF industry on equity schemes stood at Rs 27.67 lakh crore, while the same from SIPs was Rs 12.43 lakh crore, the body said.

Sensex, Nifty hit new all-time closing highs; Maruti top gainer

Sensex, Nifty hit new all-time closing highs; Maruti top gainer

Rediff.com9 Jul 2024

Mahindra & Mahindra, Titan, Sun Pharma, ITC, Nestle and Tata Motors were the other big gainers. Reliance Industries, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were among the laggards.

Nita Ambani Honours Rohit, Hardik, SKY

Nita Ambani Honours Rohit, Hardik, SKY

Rediff.com8 Jul 2024

A unique 'wave of honour' swept through the venue as Nita and Mukesh Ambani joined the players and the audience, commemorating the team's incredible feat.

Banks turn cautious on lending to smaller microfinance players

Banks turn cautious on lending to smaller microfinance players

Rediff.com8 Jul 2024

Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher rates. Recently Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao slammed micro lenders for increasing their margins "disproportionately" and said these lenders were quick to pass on the increased cost to the borrowers but reluctant to pass on the benefits under the new regime, where margins are not capped.

Sensex ends down 36 points in lacklustre trade

Sensex ends down 36 points in lacklustre trade

Rediff.com8 Jul 2024

Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards. ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.

Where Kalki Stands In Deepika's Top 10?

Where Kalki Stands In Deepika's Top 10?

Rediff.com8 Jul 2024

Kalki 2898 AD has been doing so well at the box office that it has moved up on Deepika Padukone's biggest hit list.

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