Competition from Nepalese teas — which has duty free access to the Indian market — has emerged as a lower-cost alternative to Darjeeling tea, challenging its viability. IMAGE: A tea estate in Darjeeling. Photograph: Rupak De Chowdhuri/Reuters Two years after
NITI Aayog member Arvind Virmani on Monday said India is set to become the fourth largest economy in the world by the end of 2025, an assertion which came days after NITI CEO BVR Subrahmanyam claimed India has already overtaken
Listed paint majors posted another lacklustre showing in the January–March quarter (Q4) of 2024–25 (FY25), with average revenue growth under 3 per cent. Photograph: Courtesy, Berger Paints Sales were weighed down by Asian Paints — the market leader and the
A team of US officials is expected to visit India in the coming weeks for the next round of discussions on the proposed interim trade agreement between the two countries, sources said. Illustration: Uttam Ghosh/Rediff The visit gains importance as
The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other entities in an alleged homebuyers’ fraud case linked
‘Bank has enabling provision to raise capital up to Rs 7,500 crore over a longer period of time.’ Photograph: Adnan Abidi/Reuters “Profitability would be sustained this year as we expect improvement in net interest income,” Debadatta Chand, MD and CEO,
The initial public offering (IPO) lane will be busy next week, with four main-line companies, including Leela Palaces Hotels & Resorts operator Schloss Bangalore Ltd and Aegis Vopak Terminals tapping the primary market to raise over Rs 6,600 crore collectively.
Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams. Photograph: Adnan Abidi/Reuters Airtel has also
Movement in the equity market this week will be guided by a host of macroeconomic data announcements, global trends and trading activity of foreign investors, analysts said. Illustration: Dominic Xavier/Rediff Stocks markets concluded the last week on a subdued note,
After the merger of regional rural banks (RRBs) under the “One State, One RRB” policy to improve their efficiency and minimise competition among public-sector banks (PSBs) that sponsor them, the government is planning to list at least five RRBs by
