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Amazon Pay accepts Rs 2,000 notes to top up customers' digital wallet

Amazon Pay accepts Rs 2,000 notes to top up customers' digital wallet

Rediff.com21 Jun 2023

Amazon customers can now use their Rs 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs 50,000 per month, including notes of Rs 2,000 denomination, Amazon said. The cash load at doorstep service by Amazon Pay is helping consumers convert high-value notes for digital transactions.

Ukrainian kickboxing champion Bordus killed fighting in war

Ukrainian kickboxing champion Bordus killed fighting in war

Rediff.com21 Jun 2023

Maksym Bordus, who was born in 2000, had signed up to fight for the Ukrainian army on the first day of Russia's full-scale invasion in February last year.

Ahead of Modi's visit, UN honours 26/11 victims

Ahead of Modi's visit, UN honours 26/11 victims

Rediff.com20 Jun 2023

The United Nations has dedicated a solidarity tree in remembrance of victims of terrorism with a solemn ceremony that also honoured victims of the 2008 Mumbai attack, on the eve of Prime Minister Narendra Modi's visit to the world organisation.

Heavy rains claim 7 lives in Rajasthan in 2 days, 15k shifted to safe places

Heavy rains claim 7 lives in Rajasthan in 2 days, 15k shifted to safe places

Rediff.com20 Jun 2023

Jalore, Sirohi, Pali and Barmer districts are the most affected and facing flood-like situations, the official said.

How Rs 2,000 note withdrawal can boost Indian economy

How Rs 2,000 note withdrawal can boost Indian economy

Rediff.com19 Jun 2023

The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday. The real GDP growth for the first quarter of FY24 will come at 8.1 per cent with an upward bias and the Reserve Bank of India's 6.5 per cent estimate can also be exceeded, economists at the country's largest lender SBI said. "We expect Q1 FY24 GDP growth at 8.1 per cent with an upward bias due to the impact of Rs 2000 note withdrawal event...this reinforces our projection that FY24 GDP could be higher than 6.5 per cent, basis the RBI estimate," a note said.

How FAME scheme changes impact electric vehicle fortunes in India

How FAME scheme changes impact electric vehicle fortunes in India

Rediff.com19 Jun 2023

New Delhi's timing couldn't have been worse, both for India's fledgling electric vehicle (EV) sector and prospective electric bike buyers. It was hard to miss the perfect storm brewing for India's EV industry since early 2022. On one hand, you had several accidents involving battery fires that unnerved consumers; on the other, uncertainty had crept in over subsidies.

Maoist supporter held with Rs 10 lakh in Rs 2000 notes

Maoist supporter held with Rs 10 lakh in Rs 2000 notes

Rediff.com17 Jun 2023

Dinesh Tati (23), resident of Palnar village in Gangaloor police station limits, was held on Friday from a tractor showroom in Bijapur town, Additional Superintendent of Police Chandrakant Gavarna said.

UTI, SBI MFs lead small town footprint due to strong branch presence

UTI, SBI MFs lead small town footprint due to strong branch presence

Rediff.com17 Jun 2023

Backed by their strong physical presence across the country, UTI Mutual Fund and SBI Mutual Fund (MF) have managed to mobilise a higher proportion of their total assets under management (AUM) from towns and villages than their peers. Data compiled by Nuvama Institutional Equities shows that UTI MF and SBI MF are the only two major fund houses with over a fifth of their AUM coming from areas beyond the top 30 cities (referred to as B-30). UTI MF tops the chart with 23.8 per cent of its assets belonging to B-30 centres, followed by SBI MF with 21.2 per cent B-30 assets. The industry average stands at 17 per cent.

Joe Root overtakes 'Fab Four' by long margin in 2021-23

Joe Root overtakes 'Fab Four' by long margin in 2021-23

Rediff.com17 Jun 2023

Joe Root continued with his purple patch during the first Ashes Test against Australia at Edgbaston, bringing up his 30th Test century.

Court acquits 35 in 2002 riots cases; slams media, politicians

Court acquits 35 in 2002 riots cases; slams media, politicians

Rediff.com16 Jun 2023

In its order of June 12, which was made available on June 15, the court of additional sessions judge Harsh Trivedi also slammed pseudo-secular media and politicians for claiming that the riots were planned.

'We cannot allow China to swallow our territory'

'We cannot allow China to swallow our territory'

Rediff.com16 Jun 2023

'We have to be prepared on the borders to withstand Chinese expansionist designs.'

The Ashes: Milestones to watch out for...

The Ashes: Milestones to watch out for...

Rediff.com15 Jun 2023

As the prestigious Ashes gets underway, here's a look at the milestones that can be achieved.

10 Must Watch Mani Ratnam Movies On OTT

10 Must Watch Mani Ratnam Movies On OTT

Rediff.com14 Jun 2023

Deepa Gahlot lists 10 popular Mani Ratnam films that you can watch on streaming platforms.

Lessons Congress Learnt From Karnataka Win

Lessons Congress Learnt From Karnataka Win

Rediff.com14 Jun 2023

It should announce its candidates 45 days before the elections; trust rooted leaders; start its campaign focused on five guarantees six months before elections.

How Jio plans to auction spectrum required by NGSO

How Jio plans to auction spectrum required by NGSO

Rediff.com14 Jun 2023

Reliance Jio has suggested an alternative plan to the The Telecom Regulatory Authority of India (Trai) under which spectrum required by non-geostationary orbit satellite (NGSO) operators to run their gateway terminals should be auctioned geographically, based on districts, rather than circles as done for mobile services. For spectrum which would be required to connect user terminals (like individual homes), Jio has suggested it should be auctioned frequency-wise and exclusively to an operator at a pan-India level. The move is significant as the auctioning of satellite space spectrum has been vehemently opposed by low earth orbit satellite operators (satellites which circle at low altitudes of 200-2000 km).

Central police forces to check encroachments along Pak border

Central police forces to check encroachments along Pak border

Rediff.com13 Jun 2023

Sources privy to the meeting told PTI that the top brass and other senior commanders of these forces were asked to keep a strict vigil against any illegal encroachment taking place in their respective areas of operations.

Suhana Heads To Brazil With...

Suhana Heads To Brazil With...

Rediff.com13 Jun 2023

The Archies cast of Bollywood's future stars -- Amitabh Bachchan's grandson Agastya Nanda, Shah Rukh Khan's daughter Suhana and Boney Kapoor's daughter Khushi -- were spotted at Mumbai airport to catch a flight to Brazil.

Reliance climbs 8 spots to 45th rank on Forbes' Global 2000 list

Reliance climbs 8 spots to 45th rank on Forbes' Global 2000 list

Rediff.com13 Jun 2023

Billionaire Mukesh Ambani's Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies worldwide.

Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs

Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs

Rediff.com13 Jun 2023

Over half, or 269 NSE 500 stocks, have given over 10-fold (10x) returns in the last two decades, finds a recent report by Goldman Sachs that analysed 10 major markets across emerging and developed markets (EM/DM) that covered 6,700 stocks. The report examined '10-baggers' - stocks that have generated at least 10x total returns within a rolling 5-year period over the past two decades. Some of the prominent ones that comprise these 269 stocks in the Indian context stocks that delivered over 10x total returns over a 5-year rolling period since 2000 as per Goldman Sachs includes Westlife Foodworld, Bharti Airtel, Adani Total Gas, Patanjali Foods, Larsen & Toubro, BEML, Blue Star, Shree Cement, Lupin, Godrej Industries, Astral, Adani Enterprises, Hindustan Petroleum and Deepak Fertilisers.

Need of the hour for Indian cricket: Revival of A tours, overhauling bowling

Need of the hour for Indian cricket: Revival of A tours, overhauling bowling

Rediff.com12 Jun 2023

India dropped both Ajinkya Rahane and Cheteshwar Pujara from the side following the South Africa tour but brought them back rather than grooming youngsters? Rahane scored the bulk of the runs for India in the WTC final but was going back to him and Pujara the right call?

'We should not call it demonetisation'

'We should not call it demonetisation'

Rediff.com12 Jun 2023

'...because it is still a legal tender.'

$1.2-billion loan dispute: Byju's legal battle worries key investor

$1.2-billion loan dispute: Byju's legal battle worries key investor

Rediff.com12 Jun 2023

The legal battle between Byju's and lenders in the US on the edtech firm's $1.2-billion term loan B (TLB), along with the company skipping an interest payment of $40 million on the loan, has made the other investor Davidson Kempner Capital Management, "extremely concerned", according to the people familiar with the matter. They said Byju's has closed a Rs 2,000-crore ($250 million) round from the US-based investment firm and it may stop or consider slowing down the flow of various tranches of that capital to the company. It may also decide not to provide any new funding or participate in any such round in the future, the sources said.

Shoppers need not stop: Dynamics of in-store payments is being rewritten

Shoppers need not stop: Dynamics of in-store payments is being rewritten

Rediff.com12 Jun 2023

In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.

Sidda launches free bus ride for women, scheme to cost govt Rs 4K cr per year

Sidda launches free bus ride for women, scheme to cost govt Rs 4K cr per year

Rediff.com11 Jun 2023

Sidda launches free bus travel scheme for women

When Kajol Wanted To Play Shah Rukh's Role

When Kajol Wanted To Play Shah Rukh's Role

Rediff.com10 Jun 2023

Initially, Salman was offered Shah Rukh's role of the rebellious Max.

When The Party Ends And Reality's Cold Light Shines Through...

When The Party Ends And Reality's Cold Light Shines Through...

Rediff.com9 Jun 2023

There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.

SC seeks UP's reply on bail plea of octogenarian jailed for offence in 1981

SC seeks UP's reply on bail plea of octogenarian jailed for offence in 1981

Rediff.com8 Jun 2023

He challenged the order before the Bulandshahr sessions court, which on July 14, 1987 affirmed the trial court's order and upheld his conviction and sentence under the Act.

Sidda to roll out 2 of 5 poll guarantees in Aug, registration from June 15

Sidda to roll out 2 of 5 poll guarantees in Aug, registration from June 15

Rediff.com8 Jun 2023

The announcement came after the chief minister held a high level meeting with senior government officials on Thursday to discuss the implementation of both schemes, which are part of five poll guarantees of the Congress.

Only 41% of EVs FAME II scheme target achieved

Only 41% of EVs FAME II scheme target achieved

Rediff.com8 Jun 2023

As the government plans no further extension of the scheme beyond FY24, the task is to achieve the unfinished target of subsidising 914,707 EVs.

Rs 2,000 notes worth Rs 1.80 lakh crore have come back in banks: Das

Rs 2,000 notes worth Rs 1.80 lakh crore have come back in banks: Das

Rediff.com8 Jun 2023

Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month. As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation. "So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy here.

'Friendship is the key to making a film'

'Friendship is the key to making a film'

Rediff.com8 Jun 2023

'Film shooting is a long process, and it is important to have a good bonding with the person you are going to spend six to eight months of your life.' 'Baaki, film toh bann jaati hain.'

Global Fuel Prices Lower, But Pump Rates Still High

Global Fuel Prices Lower, But Pump Rates Still High

Rediff.com8 Jun 2023

Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers

WTC final: Milestones to watch out for...

WTC final: Milestones to watch out for...

Rediff.com7 Jun 2023

Team India is all set to take on Australia in the final of the ICC World Test Championship final from Wednesday at The Oval and this 'Ultimate Test' also brings with it a set of milestones that players can establish during the course of the match.

CBI meant to investigate crimes, not railway accidents: Kharge to PM

CBI meant to investigate crimes, not railway accidents: Kharge to PM

Rediff.com6 Jun 2023

In his letter to Modi, Kharge hit out at the railway minister for seeking a Central Bureau of Investigation probe, saying the law enforcement agency is meant to investigate crimes, not railway accidents.

'We love you too': New York Crowd Tells Rahul

'We love you too': New York Crowd Tells Rahul

Rediff.com5 Jun 2023

'A democracy cannot mean the rule of just two people,' said one audience member, who recalled that he too had chanted 'Modi, Modi' when the PM had visited the USA. Many of those gathered admitted to having been Modi supporters. What had changed them was the growing concentration of power. Jyoti Punwani reports from New York.

RBI likely to hold repo rate at 6.5% on June 8

RBI likely to hold repo rate at 6.5% on June 8

Rediff.com4 Jun 2023

The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.

Odisha train crash: Signal was given and taken off, says preliminary report

Odisha train crash: Signal was given and taken off, says preliminary report

Rediff.com3 Jun 2023

Preliminary investigations have revealed that a signal was given to Coromandel Express to enter the main line but it was taken off and the train entered the loop line, where it crashed into a goods train parked there.

Death toll in Odisha triple train crash rises to 288

Death toll in Odisha triple train crash rises to 288

Rediff.com3 Jun 2023

The train crash happened near the Bahanaga Baazar station in Balasore district, about 250 km south of Kolkata and 170 km north of Bhubaneswar, around 7 pm on Friday, prompting the Railway Ministry to order a probe.

Odisha train crash: Around 90 trains cancelled, 46 diverted

Odisha train crash: Around 90 trains cancelled, 46 diverted

Rediff.com3 Jun 2023

According to the latest data released by the two zones, the South Eastern Railway cancelled trains such as the Chennai-Howrah Mail, the Darbhanga-Kanniyakumari Express and the Kamakhya-LTT Express journey commencing on June 3.

Painful, unbearable: Tendulkar takes a walk down memory lane

Painful, unbearable: Tendulkar takes a walk down memory lane

Rediff.com3 Jun 2023

Sachin Tendulkar has revealed he had to manage the recurrence of a painful, decade-old toe injury during India's tour of Australia.

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