Search results for '-fy'

Has TCS Sparked Job Cuts Across IT Firms?

Has TCS Sparked Job Cuts Across IT Firms?

Rediff.com12 Aug 2025

While FY25 attrition rates remained below pre-Covid levels, most companies experienced a 1 to 3 percentage point increase compared to FY24.

RIL's growth plans, Jio listing can lead to rerating of stock

RIL's growth plans, Jio listing can lead to rerating of stock

Rediff.com9 Sep 2025

Reliance Industries (RIL) annual general meeting (AGM) had several stunning announcements. RIL looks to list Jio Platforms (JPL) by June 2026. It targets doubling of FY22 earnings before interest, taxes, depreciation and amortisation (Ebitda) (Rs 1.25 trillion; $14.6 billion) by FY27 implying 14.7 per cent compound annual growth rate (CAGR) over the FY22 levels.

54 MiGs Have Crashed In 17 Years

54 MiGs Have Crashed In 17 Years

Rediff.com9 Aug 2025

Between FY09 and FY25, 101 IAF fighter jets have crashed, costing the lives of 28 pilots.

Drugmakers look to fill Rs 600 cr Novo vacuum

Drugmakers look to fill Rs 600 cr Novo vacuum

Rediff.com25 Sep 2025

Indian drugmakers Eris Lifesciences, Wockhardt and Lupin are prepping to cash in when Danish company Novo Nordisk bows out of the human insulin pen market by the end of this year and creates an opportunity estimated to be worth Rs 600-800 crore in the domestic market. Some self-use disposable pens are pre-filled with insulin and others can be reused with new cartridges.

GST 2.0: 2W sales to grow 5-6%, passenger vehicles by 2-3% in FY26

GST 2.0: 2W sales to grow 5-6%, passenger vehicles by 2-3% in FY26

Rediff.com5 Sep 2025

Two-wheeler sales volume is expected to grow 5-6 per cent this fiscal, while that of passenger vehicles to see a 2-3 per cent rise, following the GST rates rationalisation on automobiles, according to Crisil Ratings. The GST Council's decision to move to a two-rate structure of 5 per cent and 18 per cent, effective September 22, 2025, is a timely move that will revive demand for automobiles, Crisil Ratings said in a statement.

Tylenol row may not hit India's pharma exports

Tylenol row may not hit India's pharma exports

Rediff.com29 Sep 2025

Amid controversy over USPresident Donald Trump's comments linking the use of Tylenol and other related paracetamol products by pregnant women to autism in children, experts and industry executives say that since India's export of the drug to the US is less, it will hardly affect the country's pharma exports to America.

'Movies Have To Be Good To Bring People To Cinemas'

'Movies Have To Be Good To Bring People To Cinemas'

Rediff.com18 Oct 2025

'Last year, we had about 10 to 12 per cent of Hollywood films as a box-office contribution. This year already, it has jumped up to 24 per cent because the lineup is very strong.'

Adani Group's tax outgo rose 29% to Rs 75K cr in FY25

Adani Group's tax outgo rose 29% to Rs 75K cr in FY25

Rediff.com5 Jun 2025

Ports-to-energy conglomerate Adani Group saw a 29 per cent rise in tax outgo across portfolio companies to nearly Rs 75,000 crore, it said on Thursday. This includes both direct and indirect taxes paid, as well as payments towards employee social security.

Analysts' thumbs-up for Maruti's first e-SUV

Analysts' thumbs-up for Maruti's first e-SUV

Rediff.com2 Sep 2025

Maruti Suzuki's e-Vitara marks its high-stakes EV debut with strong export ambitions, lifting its stock even as analysts caution over pricing and fierce competition.

Wipro Q2 profit inches up; launches 'Wipro Intelligence' to boost AI push

Wipro Q2 profit inches up; launches 'Wipro Intelligence' to boost AI push

Rediff.com16 Oct 2025

IT services firm Wipro on Thursday reported a marginal increase in consolidated net profit to Rs 3,246.2 crore in the July-September quarter, even as company CEO and MD Srini Pallia asserted that the demand environment remains robust with discretionary spends shifting towards AI-related projects.

TCS launches AI hub in London; to create 5K UK jobs in 3 years

TCS launches AI hub in London; to create 5K UK jobs in 3 years

Rediff.com10 Oct 2025

Tata Consultancy Services (TCS) on Friday announced the launch of an Artificial Intelligence (AI) Experience Zone and Design Studio in London, and said its continued investments in the UK will create 5,000 new jobs across the country over the next three years. Currently, TCS supports over 42,000 direct and indirect jobs across the United Kingdom. In FY2024, TCS contributed 3.3 billion pounds to the UK economy, according to a regulatory filing by the company.

Rise and Fall Of Real-Money Gaming Firms

Rise and Fall Of Real-Money Gaming Firms

Rediff.com15 Sep 2025

India has nearly 490 million online gamers, and an estimated Rs 10,000 crore is spent every month on online gaming transactions.

Tax cut may bolster credit growth in H2

Tax cut may bolster credit growth in H2

Rediff.com5 Sep 2025

After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.

After IMF, now World Bank lowers India's FY26 growth forecast to 6.3%

After IMF, now World Bank lowers India's FY26 growth forecast to 6.3%

Rediff.com23 Apr 2025

The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3 per cent amid global economic weakness and policy uncertainty. In its previous estimate, the World Bank had projected India's growth at 6.7 per cent for the fiscal year 2025-26.

India's GDP to grow at 6.5-6.7% in FY26: Deloitte

India's GDP to grow at 6.5-6.7% in FY26: Deloitte

Rediff.com1 May 2025

Deloitte on Thursday projected economic growth at 6.5-6.7 per cent for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment. Deloitte estimated India's GDP growth at 6.3-6.5 per cent for FY25 and said that the economic outlook for FY26 hinges on a delicate balance between evolving trade relations and government efforts to boost domestic consumer demand.

BharatPe Bets Big On Online Payments

BharatPe Bets Big On Online Payments

Rediff.com3 Sep 2025

'Our focus would be to onboard top 100 merchants in top 10 different segments.'

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

Rediff.com14 Apr 2025

Securitisation - sale of loans to investors - by lenders, including banks and non-banking financial companies (NBFCs), crossed Rs 50,000 crore during the fourth quarter ended March 2025 (Q4F25). This is a tad higher than Rs 48,000 crore during the same period of FY24.

One Reit may enter market annually for next 3-5 yrs: IRA chief

One Reit may enter market annually for next 3-5 yrs: IRA chief

Rediff.com15 Sep 2025

India's real estate investment trust (Reit) sector is set for robust expansion, with at least one new Reit expected to enter the market each year over the next three-five years. This growth trajectory builds on rising occupancies, surging leasing activity, and increasing investor interest.

Automobile exports rise 19% to over 53 lakh units in FY25: Siam

Automobile exports rise 19% to over 53 lakh units in FY25: Siam

Rediff.com20 Apr 2025

Automobile exports from India rose by 19 per cent to over 53 lakh units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets. Overall exports last fiscal stood at 53.63 lakh (53,63,089) units as compared with 45 lakh (45,00,494) units in 2023-24 fiscal ending March 31, 2024.

From TCS to Wipro, India's top IT companies a gravy train for shareholders

From TCS to Wipro, India's top IT companies a gravy train for shareholders

Rediff.com13 Aug 2025

India's top information- technology (IT) services companies, all cash-rich, have been tightfisted about ploughing back their earnings in new projects or acquisitions and the bulk of the profits have been distributed to shareholders through dividend and share buybacks. In the past 10 years (that is, excluding the current one), the firms have reinvested in growth and expansion only around 13.5 per cent of the cash flow generated from their operations.

Sensex climbs 398 points on buying in RIL, IT counters

Sensex climbs 398 points on buying in RIL, IT counters

Rediff.com9 Oct 2025

Among Sensex firms, Tata Steel, HCL Tech, UltraTech Cement, Bharat Electronics, Sun Pharma and Tata Consultancy Services were the major gainers. However, Axis Bank, Titan, Maruti and Tata Motors were among the laggards.

Bengaluru Faces Urban Breakdown

Bengaluru Faces Urban Breakdown

Rediff.com22 Oct 2025

Bengaluru is at a critical juncture, where its economic model, reliant on attracting and retaining skilled professionals, is directly threatened by a measurable decline in urban quality of life, point out Shishir Gupta and Rishita Sachdeva.

Trump's $100,000 H-1B visa fee rule kicks in; US releases FAQs

Trump's $100,000 H-1B visa fee rule kicks in; US releases FAQs

Rediff.com22 Sep 2025

The US Citizenship and Immigration Services (USCIS) in a 'H-1B FAQ' document, released on Sunday, said that the September 19 proclamation took an "important, initial, and incremental step" to reform the H-1B visa programme to curb abuses and protect American workers.

Trump Tariffs Dim Diamond City's Diwali Sparkle

Trump Tariffs Dim Diamond City's Diwali Sparkle

Rediff.com18 Oct 2025

For both polishing unit operators and diamond merchants, the US is still the biggest export destination: Three in every 10 diamonds polished in India end up in American stores.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com5 Oct 2025

Trading sentiment in the equity market will be guided by macroeconomic data announcements, global trends and quarterly earnings from IT major TCS this week, analysts said. Stock markets would also be tracking trading activity of foreign investors who remained net sellers of Indian equities in September.

GST and income tax cuts to spark sustained growth

GST and income tax cuts to spark sustained growth

Rediff.com4 Sep 2025

GST Reform 2.0, which trims tax slabs from four to two, signals a push for demand-led growth, and together with recent income tax cuts, sets the stage for sustained economic growth, experts said. The Goods and Services Tax (GST) Council on September 3 approved an overhaul of the indirect tax regime by taxing essentials at 5 per cent and other goods at 18 per cent. A new 40 per cent tax will be applicable on luxury and sin items.

Q1 presales solid for India's top listed real estate firms, profits patchy

Q1 presales solid for India's top listed real estate firms, profits patchy

Rediff.com29 Aug 2025

India's top listed real estate developers - DLF, Lodha Group, Prestige Estates, and Oberoi Realty, excluding Godrej Properties - reported strong presales growth in the first quarter (Q1) of 2025-26 (FY26), even as earnings showed a mixed trend. According to Nomura, the top five developers - DLF, Lodha, Prestige, Oberoi, and Godrej - recorded a cumulative 59 per cent year-on-year (Y-o-Y) growth in presales.

Despite market volatility, corporate fundraising at record high in FY25

Despite market volatility, corporate fundraising at record high in FY25

Rediff.com28 Mar 2025

Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com. Fundraising through debt stood at Rs 11.1 trillion in FY25, including contributions from InvITs (infrastructure investment trusts) and REITs (real estate investment trusts).

Have You Watched Ekta Kapoor's OTT Channel?

Have You Watched Ekta Kapoor's OTT Channel?

Rediff.com9 Oct 2025

Jeetendra and his family-backed Balaji Telefilms is focusing on expanding the content slate on its streaming platform Kutingg through micro dramas and long-format binge shows after the recent ban on its subscription-based video-on-demand platform ALTT due to obscene content.

Reliance sanction compliant; Russian oil benefit capped at 2.1pc of EBITDA

Reliance sanction compliant; Russian oil benefit capped at 2.1pc of EBITDA

Rediff.com5 Sep 2025

Reliance Industries Ltd has consistently remained compliant with international sanctions and is expected to adhere to upcoming measures on Russian oil, analysts said, estimating that oil sourced from Russia contributes just 2.1 per cent to its consolidated EBITDA. Reliance operates the world's largest single location refining complex, with more than half of the capacity exclusively dedicated for exports.

Mid-tier IT firms outpaced larger peers' growth in FY25

Mid-tier IT firms outpaced larger peers' growth in FY25

Rediff.com22 May 2025

Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.

FinMin Pushes RBI for Faster Fraud Shield

FinMin Pushes RBI for Faster Fraud Shield

Rediff.com8 Oct 2025

By enabling real-time data sharing, the platform will help prevent scams and ensure secure transactions.

Upcoming IPOs That Dalal Street is Whispering About

Upcoming IPOs That Dalal Street is Whispering About

Rediff.com24 Sep 2025

Dalal Street is buzzing with excitement, as some of the most-awaited IPOs are gearing up to hit the market. While some of these big companies are planning to join the stock exchanges towards the end of 2025, others are likely to be available for trading by the first half of 2026.

'TCS Can Survive Without H-1B Visas'

'TCS Can Survive Without H-1B Visas'

Rediff.com21 Oct 2025

'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'

How To Deal With Tax On ESOPs, HRA, LTCG

How To Deal With Tax On ESOPs, HRA, LTCG

Rediff.com21 Oct 2025

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

Reliance Q2 net profit rises 9.6% YoY, slips sequentially on inventory losses

Reliance Q2 net profit rises 9.6% YoY, slips sequentially on inventory losses

Rediff.com18 Oct 2025

Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment.

IPO-bound Tata Capital bets on green energy financing, tech push for growth

IPO-bound Tata Capital bets on green energy financing, tech push for growth

Rediff.com3 Oct 2025

Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday.

India Inc turns to equity, bonds as cheaper bank loans remain elusive

India Inc turns to equity, bonds as cheaper bank loans remain elusive

Rediff.com25 Aug 2025

Indian corporate are increasingly shifting away from bank funding towards alternative sources, such as equity and bond markets, as their deleveraged balance sheets have improved their ability to raise equity at better valuations. Moreover, the 100 basis points (bps) rate cut by the Reserve Bank of India (RBI) has enabled them to access long-term funds from the debt capital market at cheaper rates.

India's Russian oil import rebounds in Oct after dip in Q2

India's Russian oil import rebounds in Oct after dip in Q2

Rediff.com17 Oct 2025

India's crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data.

Infosys Q2 profit up 13% to Rs 7,364 crore

Infosys Q2 profit up 13% to Rs 7,364 crore

Rediff.com17 Oct 2025

IT company Infosys on Thursday posted 13.2 per cent increase in consolidated net profit at Rs 7,364 crore for the second quarter ended September 30, 2025.