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Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper

Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper

Rediff.com5 minutes ago

The cumulative rate hikes of 2.5 percentage points by the central bank since May 2022 negatively impacted headline inflation by 1.60 per cent, a paper by senior RBI staffers said on Monday. "Policy rate increases have anchored inflation expectations and modulated aggregate demand, generating disinflationary responses," the paper by Deputy Governor Michael Patra, Indranil Bhattacharyya, Joice John and Avnish Kumar, said.

MVA agrees on 210 seats, says Raut; Cong claims 96

MVA agrees on 210 seats, says Raut; Cong claims 96

Rediff.com1 hour ago

Speaking to reporters in Delhi, Patole asserted there are no disagreements within the MVA, adding that discussions on seat-sharing were underway and would conclude soon.

Secularism part of Constitution's basic structure, says SC

Secularism part of Constitution's basic structure, says SC

Rediff.com6 hours ago

A bench comprising Justices Sanjiv Khanna and Sanjay Kumar passed the remark while hearing a batch of petitions filed by former Rajya Sabha MP Subramanian Swamy, advocate Vishnu Shankar Jain and others, who have challenged the inclusion of words "socialist" and "secular" in the Preamble of the Constitution.

Major blow! Hockey could be dropped from 2026 CWG

Major blow! Hockey could be dropped from 2026 CWG

Rediff.com6 hours ago

Hockey has featured in each CWG since making its debut in 1998, but according to reports here, the Glasgow Games organisers want to drop it from the schedule along with net ball and road racing to ensure a trimmed programme that would be easy on the budget.

Yash Dhull's journey from heart surgery to Ranji ton

Yash Dhull's journey from heart surgery to Ranji ton

Rediff.com7 hours ago

Delhi batter Yash Dhull expressed gratefulness on his return to action following a heart surgery back in July.

Global firms form 'good rice alliance' for Indian farmers

Global firms form 'good rice alliance' for Indian farmers

Rediff.com10 hours ago

Four big global companies - Bayer, GenZero (a wholly-owned arm of financial major Temasek), Shell and Mitsubishi - have decided to scale up their carbon credit programme in nine states to empower farmers. The credits are generated through the adoption of smart agriculture practices - Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR). Since over a year, the project, which was being run on a pilot basis, has positively impacted 10,000 farmers, covering more than 25,000 hectares.

Indian banks in Canada fear biz loss amid row

Indian banks in Canada fear biz loss amid row

Rediff.com10 hours ago

If there is a decline in the number of Indian students pursuing higher studies in Canada due to the ongoing diplomatic tensions between the two countries, it may have implications for Indian banks operating in the North American country, senior bank officials said.

I-bankers earn record Rs 493 crore from Hyundai IPO

I-bankers earn record Rs 493 crore from Hyundai IPO

Rediff.com11 hours ago

Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.

Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue

Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue

Rediff.com11 hours ago

Social gatherings and events held at hotels have seen an exponential rise since the pandemic and to cater to that segment, Hyatt Hotels has launched a luxury venue in Mumbai. Last week, Hyatt launched 'The Grand Showroom' which is a luxury venue customisable for events ranging from corporate parties, luxury weddings to high-profile occasions. This venue is an addition to its existing property in the city - Grand Hyatt Mumbai.

Deepika Kumari grabs fifth World Cup archery silver

Deepika Kumari grabs fifth World Cup archery silver

Rediff.com14 hours ago

India's premier recurve archer Deepika Kumari won her fifth silver medal at the World Cup Final after losing the summit clash 0-6 to China's Li Jiaman, Tlaxcala, Mexico.

CNG price may go up by Rs 4-6 on input supply cut

CNG price may go up by Rs 4-6 on input supply cut

Rediff.com1 days ago

The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers -- a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. Natural gas pumped from below the ground and from under the seabed from sites ranging from the Arabian Sea to Bay of Bengal within India is the raw material that is turned into CNG for sale to automobiles and piped cooking gas to households.

Neymar back on the pitch after lengthy injury layoff

Neymar back on the pitch after lengthy injury layoff

Rediff.com1 days ago

Neymar took part in team training and will join the Al-Hilal squad for their Asian Champions League trip to UAE Pro League club Al-Ain after recovering from a serious knee injury, the Saudi Pro League club said.

Messi's Inter Miami to feature in FIFA Club World Cup

Messi's Inter Miami to feature in FIFA Club World Cup

Rediff.com1 days ago

Lionel Messi and Major League Soccer's Inter Miami were awarded a spot in next year's 2025 FIFA Club World Cup on Saturday and will host the opening game of the 32-team tournament featuring top clubs from around the world.

'I can't see Junoon in current generation of gymnasts'

'I can't see Junoon in current generation of gymnasts'

Rediff.com2 days ago

Dipa Karmakar believes most of the current generation of gymnasts lack passion and urged them to embrace the sport with fervour to excel on the global stage.

No timeline on Ukraine war, says Putin; appreciates Modi

No timeline on Ukraine war, says Putin; appreciates Modi

Rediff.com2 days ago

Putin said that the Indian leader had "aptly" noted that it is "not an anti-western one but a non-western one".

Putin invites Palestine Prez Abbas to BRICS summit; Modi to attend

Putin invites Palestine Prez Abbas to BRICS summit; Modi to attend

Rediff.com2 days ago

Putin expressed concern over the situation in Gaza, and said Palestinian President Mahmoud Abbas has been invited to BRICS events.

AAP's Satyendar Jain gets bail after 2 yrs; party says BJP plot failed

AAP's Satyendar Jain gets bail after 2 yrs; party says BJP plot failed

Rediff.com2 days ago

The AAP hailed a Delhi court granting bail to Satyendar Jain describing the decision as a victory of truth and the defeat of another BJP "conspiracy".

PFI wanted to create Islamic movement, start civil war in India: ED

PFI wanted to create Islamic movement, start civil war in India: ED

Rediff.com3 days ago

The federal agency issued a statement, saying it has attached fresh assets worth more than Rs 35 crore that are "beneficially-owned and controlled" by the PFI "in the name of various trusts, companies and individuals" as part of its ongoing probe against the outfit and entities linked to it.

SC recalls 2022 verdict on benami law as unconstitutional

SC recalls 2022 verdict on benami law as unconstitutional

Rediff.com3 days ago

Allowing the Centre's review of the August 23, 2022 verdict, a bench Chief Justice of India DY Chandrachud, Justices PS Narasimha and Manoj Misra recalled the judgement delivered by a three-judge bench headed by former CJI NV Ramana.

Cong bastion Konkan now a battleground for Sena vs Sena

Cong bastion Konkan now a battleground for Sena vs Sena

Rediff.com3 days ago

All eyes are now on the Sena factions, led by CM Shinde, backed by the BJP, and his predecessor Uddhav Thackeray, and their performance in the coastal belt in the November 20 polls.

Injured Pant won't keep wickets on Day 3

Injured Pant won't keep wickets on Day 3

Rediff.com3 days ago

The Indian team management informed shortly before resumption of play on Friday that Pant will remain away from action.

Paytm appears poised for rebound

Paytm appears poised for rebound

Rediff.com3 days ago

While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license. UPI consumer data indicates stable market share, and expansion in partner networks in financial distribution. All this implies Paytm could be set to meet guidance of turning Adjusted Ebitda breakeven by Q4FY25 (ex of UPI-incentives).

What's Next For Payal Kapadia's All We Imagine As Light?

What's Next For Payal Kapadia's All We Imagine As Light?

Rediff.com4 days ago

'It is for the first time that a film of mine will be released in theatres and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.'

Will CNG become costlier in Mumbai, Delhi?

Will CNG become costlier in Mumbai, Delhi?

Rediff.com4 days ago

The government has slashed by up to a fifth the supplies of cheaper gas to city gas entities that retail CNG to automobiles, increasing their dependence in costly imported fuel. Buying costly imported gas to make up for the shortfall should result in a hike in CNG price but given the ensuing assembly elections in Maharashtra, that may be put off for now. Indraprastha Gas Ltd and Mahanagar Gas Ltd in regulatory filings stated that supplies of domestically produced gas, which was available at a capped rate which is half of the imported price, has been cut.

Rohit shares update on Rishabh Pant's injury

Rohit shares update on Rishabh Pant's injury

Rediff.com4 days ago

Rishabh Pant has swelling on his operated knee after taking a hit, but hoped the wicketkeeper batter can return to the field on the third of the first Test

Hooch tragedy kills 25 in Bihar; 12 arrested

Hooch tragedy kills 25 in Bihar; 12 arrested

Rediff.com4 days ago

Eighteen more people lost their lives after allegedly consuming illicit liquor in dry Bihar's Siwan and Saran districts, taking the toll in the tragedy to 24, officials said on Thursday.

Marital rape: SC to decide on laws granting husbands' immunity

Marital rape: SC to decide on laws granting husbands' immunity

Rediff.com4 days ago

The bench wondered if it struck down the immunity clause in the penal codes then the offence will be covered under the main provision on rape or "can the court create a separate offence or adjudicate the validity of the exception (clause)".

Man held for plotting to kill Salman, was in touch with Pak handler

Man held for plotting to kill Salman, was in touch with Pak handler

Rediff.com4 days ago

The Navi Mumbai police have apprehended an accused wanted in connection with an alleged plot to kill Bollywood actor Salman Khan, an official said.

Forced to make emergency landing, CEC spends night at sub-zero temp

Forced to make emergency landing, CEC spends night at sub-zero temp

Rediff.com4 days ago

Forced to make an emergency landing in a remote village near Munsiyari due to bad weather on Wednesday, Chief Election Commissioner (CEC) Rajiv Kumar spent the night in an uninhabited house in sub-zero temperature along with two pilots and two poll officials.

More upside in Zomato's stock, but competition also rising

More upside in Zomato's stock, but competition also rising

Rediff.com4 days ago

The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.

Sebi to auction 27 properties of Rose Valley group worth Rs 63.26 crore on Nov 25

Sebi to auction 27 properties of Rose Valley group worth Rs 63.26 crore on Nov 25

Rediff.com5 days ago

Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats, buildings, land parcels and hotels located in West Bengal and Bihar, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on November 25 between 11 am to 1 pm.

Maharashtra hasn't seen one-party rule for 3 decades

Maharashtra hasn't seen one-party rule for 3 decades

Rediff.com5 days ago

Now, the state has an unprecedented situation where there are six major political players with three on each side.

Serena undergoes surgery for 'grapefruit-sized' cyst removal

Serena undergoes surgery for 'grapefruit-sized' cyst removal

Rediff.com5 days ago

Tennis great Serena Williams is recovering from surgery to remove a large cyst on her neck.

UAE to address India concerns on imports

UAE to address India concerns on imports

Rediff.com5 days ago

The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday. During a joint committee meeting under the India-UAE trade deal, officials from New Delhi raised concerns over the recent surge in imports of these products. These were being shipped to India, taking advantage of the lower tariffs under the pact.

Germany's Tuchel new England football head coach

Germany's Tuchel new England football head coach

Rediff.com5 days ago

Thomas Tuchel is regarded as one of the most progressive tacticians in the game, albeit a coach not afraid to ruffle feathers.

MI reunion: Paras Mhambrey returns as bowling coach

MI reunion: Paras Mhambrey returns as bowling coach

Rediff.com5 days ago

Mhambrey's stint as the bowling coach with the national team had ended in June this year after India won the T20 World Cup in the Americas.

Omar chooses 'giant killer' former BJP leader as his deputy

Omar chooses 'giant killer' former BJP leader as his deputy

Rediff.com5 days ago

Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday chose party leader Surender Choudhary from Nowshera in Jammu as his deputy, saying he did so to give a voice to people of the region and make his government inclusive.

129 mn Indians living in extreme poverty in 2024

129 mn Indians living in extreme poverty in 2024

Rediff.com5 days ago

Almost 129 million Indians are living in extreme poverty in 2024, on less than $2.15 (about Rs 181) a day, down from 431 million in 1990, the World Bank said in report on Tuesday. However, with a higher poverty standard of $6.85 (about Rs 576) per day - the poverty threshold for middle-income countries - more Indians are living below the poverty line in 2024 than in 1990, primarily driven by 'population growth'. Earlier, the World Bank had said that extreme poverty in India had declined by 38 million in 2021 to 167.49 million after growing in the preceding two years.

Man Utd part ways with Sir Alex Ferguson, sparking outrage

Man Utd part ways with Sir Alex Ferguson, sparking outrage

Rediff.com5 days ago

Manchester United's most successful manager Alex Ferguson will step down as a global ambassador after the club's part-owners INEOS ended his multi-million pound contract.

India, Canada diplomatic row: Will it hurt bilateral trade?

India, Canada diplomatic row: Will it hurt bilateral trade?

Rediff.com6 days ago

The escalation in the diplomatic row between India and Canada will not have an impact on the bilateral trade and investment ties between the two countries, government sources said on Tuesday. They also said that the bilateral trade value is not significant and Canadian funds can route their investments through Singapore, the UAE and the US. "India is a preferred investment destination," they said.

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