Search results for 'BASIS'

Mahindra & Mahindra's Q1 Profit Jumps 34% to Rs 5,455 Crore

Mahindra & Mahindra's Q1 Profit Jumps 34% to Rs 5,455 Crore

Rediff.com15 hours ago

Mahindra & Mahindra (M&M) Ltd reported a significant 34 per cent year-on-year increase in Profit After Tax (PAT) to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments despite challenging macro-economic conditions.

Cognizant's Q2 net profit dips, firm slashes annual guidance amid global slowdown

Cognizant's Q2 net profit dips, firm slashes annual guidance amid global slowdown

Rediff.com18 hours ago

Cognizant reported a 1.4 per cent year-on-year dip in net profit for the April-June quarter to $636 million, while revenue grew 4.5 per cent to $5.5 billion. The company has also cut the top end of its annual guidance, citing a slowdown in macroeconomic conditions and rising uncertainty.

ICICI Bank raises $1 bn in largest dollar issue this year, signalling strong investor confidence

ICICI Bank raises $1 bn in largest dollar issue this year, signalling strong investor confidence

Rediff.com5 days ago

ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.

Gangster Chhota Rajan gets 7-year jail in passport forgery case

Gangster Chhota Rajan gets 7-year jail in passport forgery case

Rediff.com9 hours ago

Gangster Chota Rajan has been sentenced to seven years' imprisonment by a special CBI court in Chennai for obtaining a passport using forged documents. The conviction follows a 22-year legal battle, with Rajan having assumed the identity of Vijaya Kadam.

Litton Das named Bangladesh ODI captain with 2027 World Cup in sight

Litton Das named Bangladesh ODI captain with 2027 World Cup in sight

Rediff.com1 days ago

Experienced wicketkeeper-batter Litton Das has been appointed as the new One Day International captain for Bangladesh, succeeding Mehidy Hasan Miraz. This move comes as the team begins its preparations and build-up for the 2027 Cricket World Cup.

Infosys trims FY27 revenue guidance, citing 'uncertain macros'

Infosys trims FY27 revenue guidance, citing 'uncertain macros'

Rediff.com6 days ago

Infosys has revised down the upper end of its revenue growth target for financial year 2027 (FY27) to 1.5-3 per cent, from the earlier 1.5-3.5 per cent, attributing the change to persistent macroeconomic uncertainty and a one-time client impact.

Margin Squeeze Hits Private Bank Stocks; HDFC, Axis Lead Decline

Margin Squeeze Hits Private Bank Stocks; HDFC, Axis Lead Decline

Rediff.com21 Jul 2026

Shares of major private lenders, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, experienced a sharp selloff after their June-quarter results indicated persistent pressure on net interest margins (NIMs), despite healthy credit growth. This decline overshadowed gains in ICICI Bank and Punjab National Bank (PNB), which reported resilient or stronger-than-expected earnings.

Domestic travel momentum drives Indian Hotels' robust Q1 performance

Domestic travel momentum drives Indian Hotels' robust Q1 performance

Rediff.com16 hours ago

Indian Hotels Company (IHCL) reported a healthy 14.6 per cent consolidated revenue growth in Q1 FY27, largely driven by a robust 17.6 per cent increase in domestic operations, offsetting geopolitical disruptions. Brokerages anticipate sustained growth, with Motilal Oswal Research projecting 12-14 per cent growth in FY27, supported by strong leisure demand and an asset-light expansion pipeline.

Ram temple theft: Accused's wife gets fresh document deadline

Ram temple theft: Accused's wife gets fresh document deadline

Rediff.com11 hours ago

The Ayodhya Development Authority (ADA) has granted Supriya Mishra, wife of Luv Kush Mishra, who is accused in the Ram temple donation case, an additional week to provide documents for a house in her name that is under construction in Ayodhya's Saadatganj area, the police said.

Bihar Recipe: Reenuka's Kala Chana Guguni

Bihar Recipe: Reenuka's Kala Chana Guguni

Rediff.com2 days ago

Kala Chana Guguni is a Bihar staple. It surfaces at family gatherings or festive celebrations. And is usually whipped up when guests come visiting and homes are filled with laughter and stories.

Pellet guns cannot be banned outright, specific misuse to be examined: SC

Pellet guns cannot be banned outright, specific misuse to be examined: SC

Rediff.com11 hours ago

The Supreme Court has stated that a complete ban on pellet guns is not possible as long as existing advisories permit their use for crowd control in exceptional circumstances by security agencies. However, the court clarified that allegations of specific misuse can be examined on a case-by-case basis, particularly in light of recent protests against the NEET paper leak.

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Rediff.com21 Jul 2026

A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.

Root Back as England Test Captain, Fleming Appointed Head Coach

Root Back as England Test Captain, Fleming Appointed Head Coach

Rediff.com13 hours ago

Joe Root has been reappointed as England's Test captain, marking his return to the leadership role, while former New Zealand batter Stephen Fleming has been named the new head coach, following the departures of Ben Stokes and Brendon McCullum.

Sreeshankar, Sathyanathan secure spots in Commonwealth Games long jump final

Sreeshankar, Sathyanathan secure spots in Commonwealth Games long jump final

Rediff.com3 days ago

Indian long jumpers M Sreeshankar and Lokesh Sathyanathan have successfully qualified for the men's long jump final at the Commonwealth Games. Sreeshankar achieved direct qualification by surpassing the 8m standard, while Sathyanathan advanced as one of the top-12 performers. Sreeshankar, recovering from a career-threatening injury, expressed excitement despite challenging conditions.

What you need to know about new Anti-Paper Leak Amendment Bill

What you need to know about new Anti-Paper Leak Amendment Bill

Rediff.com1 days ago

The Public Examination (Prevention of Unfair Means) Amendment Bill, 2026, passed by the Lok Sabha, introduces significantly stricter punishments for individuals and organised groups involved in paper leaks and other unfair means in public examinations. The legislation aims to enhance the integrity of exams conducted by various central government agencies.

Jio Platforms' IPO key driver for RIL stock

Jio Platforms' IPO key driver for RIL stock

Rediff.com3 days ago

Reliance Industries (RIL) delivered a better-than-expected operational performance in Q1FY27, driven by a recovery in its oil-to-chemicals (O2C) business and robust gains in the telecom (Jio) segment, though its retail arm missed estimates. Analysts highlight the upcoming Jio Platforms IPO and execution in new energy and consumer businesses as key triggers for the stock's future growth.

'Mid- Small-Caps May Deliver More Selective Returns'

'Mid- Small-Caps May Deliver More Selective Returns'

Rediff.com2 days ago

'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'

Minister Jitendra Singh rebuts Rahul Gandhi's claims on Amit Shah

Minister Jitendra Singh rebuts Rahul Gandhi's claims on Amit Shah

Rediff.com1 days ago

Union Minister Jitendra Singh refuted Rahul Gandhi's allegations in Lok Sabha that Home Minister Amit Shah ordered firing on students protesting the NEET fiasco. Singh clarified that no bullets were fired, only tear gas was used, and the authority to order firing rests with a magistrate, not a minister. He also dismissed Gandhi's claims about Shah's cavalcade and foreign travel, criticising the opposition leader for making unsubstantiated remarks during a heated parliamentary debate.

10 years in jail, Rs 50 lakh fine: Govt tables new paper leak bill

10 years in jail, Rs 50 lakh fine: Govt tables new paper leak bill

Rediff.com3 days ago

Amidst widespread student protests over the NEET paper leak, the Indian government has introduced the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, in the Lok Sabha. The bill proposes significantly stricter punishments, including jail terms of up to 10 years and fines of up to Rs 50 lakh for individuals involved in paper leaks, and up to Rs 10 crore for organised crimes, aiming to enhance transparency and fairness in public examinations.

Bill to expedite paper leak trials to be tabled in Parliament

Bill to expedite paper leak trials to be tabled in Parliament

Rediff.com5 days ago

India is set to introduce a new amendment to its anti-paper leak law in the Lok Sabha, aiming to establish fast-track courts across all states and union territories for swift trials and significantly harsher penalties for exam malpractices, including jail terms of 5 to 10 years and fines up to Rs 50 lakh for individuals, and up to Rs 10 crore for organised crimes.

Badrinath donation theft: Temple ex-officer arrested after 4-hr grilling

Badrinath donation theft: Temple ex-officer arrested after 4-hr grilling

Rediff.com18 Jul 2026

The probe into the alleged Badrinath Temple donation theft case is gaining pace as former temple officer of Badrinath Temple Rajendra Chauhan has been arrested by the Special Investigation Team (SIT) following four hours of questioning on Friday.

Rs 10, Rs 20 Polymer Notes Approved

Rs 10, Rs 20 Polymer Notes Approved

Rediff.com2 days ago

RBI says polymer notes have a significantly longer lifespan, potentially reducing printing costs and replacement frequency.

Lok Sabha passes amended anti-paper leak bill, increasing jail terms and fines

Lok Sabha passes amended anti-paper leak bill, increasing jail terms and fines

Rediff.com1 days ago

The Lok Sabha has approved an amendment to India's anti-paper leak law, introducing stricter punishments including jail terms of up to 10 years and fines of up to Rs 50 lakh, in response to recent large-scale student protests and the NEET paper leak case.

SIPs Keep Equity MF Inflows Above Rs 4 Trillion

SIPs Keep Equity MF Inflows Above Rs 4 Trillion

Rediff.com3 days ago

At Rs 4.07 trillion, gross inflows were just shy of the record Rs 4.34 trillion mobilised in H2 of 2024, making it the second half-yearly period in which inflows crossed Rs 4 trillion.

Three more held in Kolkata NEET protest violence case; 14 arrests so far

Three more held in Kolkata NEET protest violence case; 14 arrests so far

Rediff.com4 days ago

Three more persons were arrested on Sunday in connection with the violence during a protest here two days ago against the NEET paper leak, taking the total number of apprehended people to 14, the police said.

Parliament clears tougher anti-paper leak law amid Oppn walkout

Parliament clears tougher anti-paper leak law amid Oppn walkout

Rediff.com4 hours ago

Parliament on Thursday passed a bill to amend the anti-paper leak law to introduce stricter punishments, with the government expressing its commitment to go the extra mile to safeguard the interests of students, who are the country's future.

Why Wipro's Q1 Net Profit Was Flat

Why Wipro's Q1 Net Profit Was Flat

Rediff.com18 Jul 2026

Wipro's net profit in the first quarter saw minimal growth, rising less than one per cent to 3,352 crore, while revenue increased by 10.6 per cent to 24,480 crore. The IT services segment, a key metric, grew by only one per cent year-on-year, falling short of analyst estimates amidst a challenging demand environment and longer decision cycles from clients.

L&T's Q1 profit jumps 14% to Rs 3,926 crore, beating estimates

L&T's Q1 profit jumps 14% to Rs 3,926 crore, beating estimates

Rediff.com1 days ago

Larsen & Toubro (L&T) reported a 14 per cent year-on-year increase in Q1 FY27 profit attributable to owners, reaching Rs 3,926 crore, surpassing analyst estimates, despite facing significant supply-chain disruptions in West Asia.

10 Inspiring Student Protests In Bollywood

10 Inspiring Student Protests In Bollywood

Rediff.com2 days ago

Bollywood has captured the essence of India's youth activism and student protests, from fighting corruption in Yuvaa to demanding accountability in Rang De Basanti.

RIL beats estimates with record quarterly EBITDA; YoY profit falls

RIL beats estimates with record quarterly EBITDA; YoY profit falls

Rediff.com17 Jul 2026

Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.

Nagaland's Sports Authority Of India Centre Set For Major Upgrade

Nagaland's Sports Authority Of India Centre Set For Major Upgrade

Rediff.com6 days ago

The Sports Authority of India's Training Centre in Dimapur, Nagaland, will be upgraded to a National Centre of Excellence (NCOE) following an MoU with the state government. This multi-phase development will transform the 64-acre Multi-Disciplinary Sports Complex, providing enhanced facilities for athletes in various disciplines.

Why Rs 5 Lakh Health Cover Falls Short

Why Rs 5 Lakh Health Cover Falls Short

Rediff.com2 days ago

Marriage, childbirth, dependent parents and ageing increase the cover a person needs.

'Shah is scared; andhbhakts': Rahul sets off uproar in LS

'Shah is scared; andhbhakts': Rahul sets off uproar in LS

Rediff.com1 days ago

Leader of Opposition Rahul Gandhi launched a scathing attack on Home Minister Amit Shah, alleging he authorised police excesses against student protesters and was 'scared' to face Parliament. Gandhi also accused the RSS of controlling India's education system and promoting 'andhbhakts'.

Customer ordered iPhone, received beard oil; sellers fined Rs 1.8 lakh

Customer ordered iPhone, received beard oil; sellers fined Rs 1.8 lakh

Rediff.com5 days ago

A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."

How Gen Z Can Build Wealth With 20% Rule

How Gen Z Can Build Wealth With 20% Rule

Rediff.com3 days ago

'Users should protect their savings goals before allocating money to discretionary expenditure.'

CIC raps MHA for denying RTI on FCRA renewal applications

CIC raps MHA for denying RTI on FCRA renewal applications

Rediff.com16 Jul 2026

The Central Information Commission has said the blanket denial of information sought on Foreign Contribution (Regulation) Act renewal applications by the Union ministry of home affairs "appears to be misplaced and without any basis", while observing that the CPIO prima facie "obstructed" the complainant's right to information.

India's outward FDI falls sharply to $3 billion in June

India's outward FDI falls sharply to $3 billion in June

Rediff.com21 Jul 2026

India's outward foreign direct investment (FDI) plummeted by 47.9 per cent year-on-year to $3 billion in June 2026, according to the Reserve Bank of India (RBI), with declines across equity, debt, and guarantee commitments.

Ayodhya Ram Temple to train, certify priests for India, abroad

Ayodhya Ram Temple to train, certify priests for India, abroad

Rediff.com4 days ago

The Ram temple trust's decision to establish a permanent institute for training and certifying Hindu priests is being seen by religious leaders and members of the Indian diaspora as a significant step towards addressing the growing demand for qualified 'archaks' (priests) not only in India but also overseas.

Reliance shares gain over 1% as Q1 profit, EBITDA hit record highs

Reliance shares gain over 1% as Q1 profit, EBITDA hit record highs

Rediff.com20 Jul 2026

Reliance Industries shares rose over 1 per cent after the company reported record quarterly core profit and EBITDA for the June quarter, driven by strong performances in its oil-to-chemicals and telecom businesses.

After 16 Years, Lalit Modi Eyes India Return

After 16 Years, Lalit Modi Eyes India Return

Rediff.com22 Jul 2026

Former IPL chairman Lalit Modi has been cleared in most of the Enforcement Directorate's findings and penalties in the 2009 IPL South Africa FEMA case by an appellate tribunal. This verdict ends a 16-year legal battle, prompting Modi to announce his plans to return to India by late this year or early next year.