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Chilled athletes embrace strategies to beat Paris heat

Chilled athletes embrace strategies to beat Paris heat

Rediff.com22 Jul 2024

While most of his rivals prepared for the 50 kilometre race walk at the 2019 Doha world championships by warming up in full track suits in the 32 degrees Celsius heat, Evan Dunfee did the polar opposite.

Survey pegs India's FY25 GDP growth at 6.5-7%

Survey pegs India's FY25 GDP growth at 6.5-7%

Rediff.com22 Jul 2024

India's GDP is likely to grow at 6.5 to 7 per cent in the current fiscal year amid global challenges which may impact exports, said Economic Survey 2023-24 tabled in Parliament on Monday. The growth projected for 2024-25 is lower than the economic growth rate of 8.2 per cent estimated for the previous financial year. The Reserve Bank has projected the GDP growth for the fiscal year ending March 2025 at 7.2 per cent.

Survey lauds the importance of capital markets in India's growth story

Survey lauds the importance of capital markets in India's growth story

Rediff.com22 Jul 2024

Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks, it added. "Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24," the Economic Survey said.

Financial sector outlook appears bright, but needs to brace for vulnerabilities: Survey

Financial sector outlook appears bright, but needs to brace for vulnerabilities: Survey

Rediff.com22 Jul 2024

The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday. The Indian financial sector is at a "turnpike moment", it said, adding that the dominance of banking support to credit is being reduced, and the role of capital markets is rising. For a country that aspires to be a developed nation by 2047, this is a long-awaited and welcome development, it said.

Short-term inflation outlook benign: Survey

Short-term inflation outlook benign: Survey

Rediff.com22 Jul 2024

The short-term inflation outlook for India is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI and IMF, the Economic Survey said on Monday. However, to ensure long-term policy stability, the Survey 2023-24 suggested making focused efforts to increase the production of major oilseeds, expanding the area under pulses, and assess the progress in developing modern storage facilities for specific crops.

Auto PLI scheme gets Rs 67,690 cr investment proposals: Survey

Auto PLI scheme gets Rs 67,690 cr investment proposals: Survey

Rediff.com22 Jul 2024

The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated.

PICS: Leander, Amritraj inducted into Hall of Fame

PICS: Leander, Amritraj inducted into Hall of Fame

Rediff.com21 Jul 2024

Now both men have made history for their country, leaving a permanent mark on the history books.

Fire on cargo ship off Karwar under control, 1 crew member missing

Fire on cargo ship off Karwar under control, 1 crew member missing

Rediff.com20 Jul 2024

The fire on a merchant vessel off the Karwar coast has been brought under control after more than 24 hours but one of the ship's 21 crew members was missing, the Indian Coast Guard (ICG) said on Saturday.

HDFC Bank Q1 profit dips 6.5% sequentially on higher tax outgo, lower other income

HDFC Bank Q1 profit dips 6.5% sequentially on higher tax outgo, lower other income

Rediff.com20 Jul 2024

The country's largest private lender HDFC Bank on Saturday reported a 6.51 per cent decline in its consolidated net profit to Rs 16,474.85 crore in the April-June quarter compared to the previous January-March quarter. The city-headquartered lender, which merged its mortgage major parent HDFC into itself in July last year, had reported a net profit of Rs 17,622.38 crore in the March quarter. On a standalone basis, the net profit declined to Rs 16,174.75 crore in April-June 2024-25 from Rs 16,511.85 crore in January-March 2023-24.

Yes Bank Q1 net profit surges 46.7% on lower provisions

Yes Bank Q1 net profit surges 46.7% on lower provisions

Rediff.com20 Jul 2024

Private sector lender Yes Bank on Saturday reported a 46.7 per cent growth in net profit to Rs 502 crore for the June 2024 quarter, helped by a reduction in provisions. The city-headquartered bank's core net interest income rose 12.2 per cent to Rs 2,000 crore. Its net interest margin stayed flat at 2.4 per cent.

COVID-19 death toll in India 8 times more than official: Study

COVID-19 death toll in India 8 times more than official: Study

Rediff.com20 Jul 2024

In India, 11.9 lakh excess deaths occurred in 2020 during the COVID-19 pandemic, 17 per cent higher compared to 2019, an international study has found.

Don't Let Your Desk Job Stop You From Losing Belly Fat

Don't Let Your Desk Job Stop You From Losing Belly Fat

Rediff.com20 Jul 2024

Please get up and walk for five minutes every 1 to 2 hours, advises rediffGURU Nidhi Gupta.

Covid Reduced 2.6 Years Of Life Expectancy In India

Covid Reduced 2.6 Years Of Life Expectancy In India

Rediff.com20 Jul 2024

The decline in life expectancy was higher among young individuals and those aged 50 to 60.

Nadal wins 4-hour battle; enters first semis since 2022

Nadal wins 4-hour battle; enters first semis since 2022

Rediff.com20 Jul 2024

Rafael Nadal last appeared in a semi-final at Wimbledon in 2022.

Aatmanirbharta not at cost of nation's defence, says vice air chief

Aatmanirbharta not at cost of nation's defence, says vice air chief

Rediff.com19 Jul 2024

The ongoing Russia-Ukraine conflict has demonstrated the integration of multiple forces in domains of air, land, sea, cyber, information and space, and how they are "united" to achieve the goal, Vice Chief of the Air Staff, Air Marshal A P Singh, said on Friday.

The Real Reason Why Movies Are Flopping

The Real Reason Why Movies Are Flopping

Rediff.com19 Jul 2024

The consistently heavy downpour of films, shows, events, videos and whatnot is causing economic disruption.

Nadal rallies into Bastad quarter-finals

Nadal rallies into Bastad quarter-finals

Rediff.com19 Jul 2024

Rafael Nadal trailed in the second set before overcoming No. 5 seed Cameron Norrie of Great Britain.

Terror attack on Doda camp repulsed, 2 soldiers injured

Terror attack on Doda camp repulsed, 2 soldiers injured

Rediff.com18 Jul 2024

The gunfight, lasting more than an hour, took place at Jaddan Bata village in the Kastigarh area around 2 am when the terrorists opened fire on a temporary camp established in a government school for the ongoing search operation, they said.

RBI admits, food inflation is a concern

RBI admits, food inflation is a concern

Rediff.com18 Jul 2024

An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.

Investors cheer as dairy stocks turn cash cows

Investors cheer as dairy stocks turn cash cows

Rediff.com18 Jul 2024

As milk prices rise, analysts have an optimistic view on dairy stocks such as Heritage Foods and Dodla Dairy, hoping the companies' margins will grow in the near to medium term. From a long-term perspective, they believe that a growing population, increasing disposable income and health consciousness will strengthen dairy consumption in India.

Google Unveils AI For India's Developers

Google Unveils AI For India's Developers

Rediff.com18 Jul 2024

Developers in India now have expanded access to Google's powerful AI models with the 2 million token context window in Gemini 1.5 Pro and Gemma 2, the next generation of open models.

HC reserves order on Kejriwal's interim bail

HC reserves order on Kejriwal's interim bail

Rediff.com17 Jul 2024

The Delhi high court reserved on Wednesday its order on Chief Minister Arvind Kejriwal's pleas challenging his arrest by the Central Bureau of Investigation (CBI) in the excise policy case and seeking interim bail.

Nadal beats Borg Jr to advance in Bastad

Nadal beats Borg Jr to advance in Bastad

Rediff.com17 Jul 2024

Nadal on the US Open entry list

Budget may go vocal for higher local procurement

Budget may go vocal for higher local procurement

Rediff.com17 Jul 2024

To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.

Will Nirmalaji Cheer The Markets?

Will Nirmalaji Cheer The Markets?

Rediff.com17 Jul 2024

'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'

FMCG, telecom and select IT shares help markets touch record highs

FMCG, telecom and select IT shares help markets touch record highs

Rediff.com16 Jul 2024

Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners. On the other hand, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid were among the laggards.

Gawli is 71-72 years old, not what he was in 1980s, says SC

Gawli is 71-72 years old, not what he was in 1980s, says SC

Rediff.com15 Jul 2024

The Supreme Court on Monday said it would like to examine the plea of the Maharashtra government, challenging the remission granted to gangster-turned-politician Arun Gawli who is serving a life sentence in a murder case.

Sensex, Nifty close at record highs; SBI among biggest gainers

Sensex, Nifty close at record highs; SBI among biggest gainers

Rediff.com15 Jul 2024

Among Sensex shares, State Bank of India, NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the biggest winners. On the other hand, Asian Paints, Tata Steel, Axis Bank, JSW Steel, Tech Mahindra and Tata Consultancy Services were among the laggards.

RIL net may see sequential dip

RIL net may see sequential dip

Rediff.com15 Jul 2024

Consolidated earnings for oil-to-telecom conglomerate Reliance Industries (RIL) may report sequential weakness, and modest year-on-year (Y-o-Y) growth in the June 2024 quarter (Q1FY25), said analysts. Lower refining margins are expected to moderate gains made from other businesses. RIL is slated to report its financial performance for Q1FY25 on July 19.

Why Brands Are Slurping Over Ro-Ko

Why Brands Are Slurping Over Ro-Ko

Rediff.com15 Jul 2024

'Their chemistry is organic and authentic, making them an appealing choice for collaborative endorsements.'

PIX: Argentina edge Colombia to win record 16th Copa America

PIX: Argentina edge Colombia to win record 16th Copa America

Rediff.com15 Jul 2024

Argentina won a record 16th Copa America title by beating Colombia 1-0 thanks to an extra-time goal from substitute Lautaro Martinez.

When Alcaraz left Djokovic, Wimbledon crowd stunned...

When Alcaraz left Djokovic, Wimbledon crowd stunned...

Rediff.com15 Jul 2024

24-time Grand Slam champion Novak Djokovic looked completely powerless as he was pummeled into submission by Spain's Carlos Alcaraz.

How year's most extravagant wedding was made secure

How year's most extravagant wedding was made secure

Rediff.com14 Jul 2024

Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.

Direct tax mop-up rises 20% to Rs 5.74 lakh cr on higher corporate advance tax

Direct tax mop-up rises 20% to Rs 5.74 lakh cr on higher corporate advance tax

Rediff.com13 Jul 2024

Net direct tax collection grew 19.54 per cent to over Rs 5.74 lakh crore so far this fiscal on higher advance tax payment by corporate. The first instalment of advance tax, which was due on June 15, rose 27.34 per cent to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) at Rs 1.14 lakh crore and Personal Income Tax (PIT) at Rs 34,470 crore.

India's Economic Reality And The Hype

India's Economic Reality And The Hype

Rediff.com13 Jul 2024

From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.

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.

Sindhu, Prannoy get favourable draws at Paris Olympics

Sindhu, Prannoy get favourable draws at Paris Olympics

Rediff.com12 Jul 2024

Two-time Olympic medallist PV Sindhu and HS Prannoy have been handed relatively easy groups for the Paris Games, which begin on July 26.

Tyger Capital to list by next year, targets Rs 20,000 crore book

Tyger Capital to list by next year, targets Rs 20,000 crore book

Rediff.com12 Jul 2024

Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs 20,000 crore in five years from Rs 5,000 crore now, Gaurav Gupta, MD and CEO of the firm said. In an exclusive interview, Gupta said that keeping with the growing business, the finance company expects to on-board 600 people in the current financial year as it is opening 60-65 new branches for broad-basing its network in 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.

Jasprit Bumrah Beyond Numbers

Jasprit Bumrah Beyond Numbers

Rediff.com12 Jul 2024

159 dismissals in 36 Tests, 149 dismissals in 89 ODIs, and 89 dismissals in 70 T20s are very good by any standards. And yet they don't speak to Bumrah's true value and his special appeal, notes Sreehari Nair.

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