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29 March 2024, 17:23
'India is a bright spot. Lot of hope for next two decades'

'India is a bright spot. Lot of hope for next two decades'

'China is somewhat disappointing in its recovery, and slow growth, and India is reporting strong growth numbers.' Photograph: Kind courtesy Linde Plc Linde Plc is bullish on India's growth story and has investment plans of $1 billion for three to five years. Sanjiv Lamba, chief executive officer, Linde talks to Amritha Pillay/Business Standard in Mumbai about the global chemical company's blueprint for India, which ranges from an AI campus and more manufacturing facilities, to service ...
Rediff.com, 5 hour(s) ago
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What Modi told Bill Gates about India's digital dreams

What Modi told Bill Gates about India's digital dreams

Prime Minister Narendra Modi on Friday identified agriculture, education and health as three sectors where he believes technology can play a big role, and highlighted efforts of his government. In an interaction with philanthropist and Microsoft co-founder Bill Gates, Modi said he used to hear of digital divide in the world and had decided that he will not allow this to happen in India.   He said he wants to allocate funds to scientists for local research in cervical cancer to develop ...
Rediff.com, 6 hour(s) ago
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Will India Soon Hyperloop?

Will India Soon Hyperloop?

Will we see a Chennai-Bengaluru hyperloop? IMAGE: Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw inspects the demonstration of the Hyperloop pod model during his visit to the Indian Institute Of Technology-Madras Research Park, in Chennai. Photograph: ANI Photo   While India's first bullet train is expected to chug off by the end of 2026, an early move has now been made for what is being touted as the future of transport -- Hyperloop.
Rediff.com, 6 hour(s) ago
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SPECTACULAR Cars Of The Future

SPECTACULAR Cars Of The Future

Future and concept cars displayed at the New York International Auto Show at the Jacob Javits Convention Center in Manhattan, New York City. A 124-year-old event held annually, the New York International Auto Show begins on March 29 and continues till April 7, 2024.   IMAGE: Winner of the 2024 World Car of the Year award, the Kia EV9,Its innovative design, spacious interior and competitive pricing won the Kia EV9 the grand prize. Photograph: Brendan McDermid/Reuters   IMAGE: The ...
Rediff.com, 7 hour(s) ago
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Markets end FY24 on buoyant note; Sensex gains 655 points

Markets end FY24 on buoyant note; Sensex gains 655 points

Benchmark equity indices Sensex and Nifty ended the last day of trade of the 2023-24 fiscal on a bullish note on Thursday, driven by heavy buying in power, auto and banking stocks amid a positive trend in global markets. Photograph: PTI Photo from the Rediff Archives Extending its previous day's rally, the 30-share index jumped 655.04 points or 0.90 per cent to settle at 73,651.35. During the day, it zoomed 1,194 points or 1.63 per cent to 74,190.31.   The NSE Nifty climbed 203.25 points ...
Rediff.com, 23 hour(s) ago
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No exchange, deposit of Rs 2,000 notes on Apr 1

No exchange, deposit of Rs 2,000 notes on Apr 1

The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday. Photograph: ANI Photo The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of the RBI, it added. The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024 at the 19 issue offices of the Reserve Bank of India due ...
Rediff.com, 19 hour(s) ago
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Core sector growth slows to 6.7% in Feb

Core sector growth slows to 6.7% in Feb

The growth of eight key infrastructure sectors slowed to 6.7 per cent in February, compared to the same month in 2023, on account of poor performance of some sectors like fertiliser, according to official data released on Thursday. Photograph: Dipak Kumar/Reuters However, the growth rate is higher than January this year.   The growth of eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.1 per cent in January. It was ...
Rediff.com, 21 hour(s) ago
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Investors become richer by Rs 128.77 lakh cr in FY24

Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. Photograph: Amit Dave/Reuters After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24. The benchmark hit its all-time high of ...
Rediff.com, 21 hour(s) ago
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HDFC Life gets GST demand orders of over Rs 27 cr

HDFC Life gets GST demand orders of over Rs 27 cr

HDFC Life Insurance Company on Thursday said it has received GST demand orders of over Rs 27 crore for alleged short payment of taxes. Illustration: Dominic Xavier/Rediff.com In two separate regulatory filings, the insurer said it has received tax demand orders of over Rs 16.5 crore and Rs 10.5 crore from authorities for alleged short payment of GST and input tax credit claim mismatch.   The demand orders include interest and penalty as well. The company said it will file appeals against ...
Rediff.com, 22 hour(s) ago
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Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

An income tax tribunal held that the amount received by Google Ireland from Google India towards marketing and distribution rights of the AdWords programme is not royalty, and hence, cannot be taxed at the hands of the assessee (Google Ireland). Photograph: Annegret Hilse/Reuters The ruling by the Bengaluru-based Income Tax Appellate Tribunal (ITAT) may have repercussions on similar transactions by multinationals, feel experts. Explaining the case, Amit Maheshwari, tax expert at AKM Global, ...
Rediff.com, 23 hour(s) ago
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