Search results for 'FY26'

Samsung India sees 36% profit decline in FY26 despite marginal revenue increase

Samsung India sees 36% profit decline in FY26 despite marginal revenue increase

Rediff.com22 Sep 2026

Samsung India Electronics reported a 36 per cent decline in profit to 7,228.10 crore for the financial year ended March 31, 2026, even as its revenue from operations saw a slight increase of 1.2 per cent to 1.12 lakh crore.

How Cashfree Payments Achieved Significant Loss Reduction And Revenue Growth In FY26

How Cashfree Payments Achieved Significant Loss Reduction And Revenue Growth In FY26

Rediff.com20 Aug 2026

Fintech company Cashfree Payments India Private Limited has significantly reduced its consolidated net losses to Rs 118.5 crore in FY26 from Rs 154 crore in FY25. The firm also saw a substantial revenue growth of over 51 per cent, reaching Rs 967.4 crore. Co-founder & CEO Akash Sinha highlighted achieving EBITDA profitability in March 2026 and outlined plans for full-year profitability in FY27, driven by growth in SMB and cross-border payments.

Vedanta Pours Over $1 Billion into Net-Zero Transition for FY26

Vedanta Pours Over $1 Billion into Net-Zero Transition for FY26

Rediff.com19 Aug 2026

Mining major Vedanta has invested over $1 billion in net-zero transition initiatives for FY26, focusing on renewable energy, lower-carbon fuels, energy efficiency, and technology-led interventions to drive its decarbonisation efforts.

Mutual funds' overseas equity holdings surged to Rs 93,602 crores in FY26

Mutual funds' overseas equity holdings surged to Rs 93,602 crores in FY26

Rediff.com1 Sep 2026

Indian mutual fund holdings in overseas equity securities increased by 37.5 per cent year-on-year to approximately '93,602 crore by March-end, according to RBI data. This growth is attributed to mark-to-market gains from a global market rally and heightened investor interest, with the US remaining the primary destination for these investments.

Fake GST Credit Jumps To Rs 75,000 Cr In FY26

Fake GST Credit Jumps To Rs 75,000 Cr In FY26

Rediff.com29 Jul 2026

Central tax authorities detected input tax credit (ITC) fraud worth Rs 74,781.56 crore across 30,162 cases in FY26, more than doubling the number of cases from the previous year, according to the Ministry of Finance.

HUL, Dabur cut staff as median pay rises in FY26

HUL, Dabur cut staff as median pay rises in FY26

Rediff.com12 Jul 2026

India's leading FMCG companies, including Hindustan Unilever and Dabur, reduced their permanent workforce in FY26, even as most firms in the sector, such as Tata Consumer Products and Marico, increased median employee remuneration, reflecting a mixed trend in staffing and compensation strategies.

Investment, Consumption Drive India's FY26 GDP Growth

Investment, Consumption Drive India's FY26 GDP Growth

Rediff.com13 Jun 2026

India's economy in FY26 saw significant momentum from investment demand, with gross fixed capital formation (GFCF) accelerating to 8.2 per cent, while private final consumption expenditure (PFCE) also grew steadily, according to provisional estimates.

Q1 PSU Stake Sales Beat FY26 Divestment Total

Q1 PSU Stake Sales Beat FY26 Divestment Total

Rediff.com3 Jul 2026

Divestment has emerged as a priority for the government following a moderation in direct tax collections.

HCLTech CEO C Vijayakumar's Salary Jumps 67% to $18.13 Million in FY26

HCLTech CEO C Vijayakumar's Salary Jumps 67% to $18.13 Million in FY26

Rediff.com21 Jul 2026

HCLTech CEO C Vijayakumar's total salary for the financial year 2025-26 surged by nearly 66.9 per cent to $18.13 million, primarily driven by long-term incentives and stock options, placing him at the top among his Indian IT sector peers.

HDFC Bank's Workforce Shrinks by 3,343 in FY26 Despite Balance Sheet Expansion

HDFC Bank's Workforce Shrinks by 3,343 in FY26 Despite Balance Sheet Expansion

Rediff.com14 Jul 2026

HDFC Bank, India's largest private sector lender, reported a reduction of 3,343 employees in FY26, bringing its total workforce to 2,11,178, even as its balance sheet expanded by 12 per cent. The bank's MD and CEO, Sashidhar Jagdishan, attributed the headcount reduction to redeploying talent from back-end functions to customer-facing roles due to technology-led efficiencies. The annual report also addressed the challenging resignation of part-time chairman Atanu Chakraborty, which raised questions about the bank's governance standards.

India's FDI hits record $94.53 bn in FY26, cumulative inflows reach $843 bn

India's FDI hits record $94.53 bn in FY26, cumulative inflows reach $843 bn

Rediff.com25 Sep 2026

India has achieved its highest-ever annual Foreign Direct Investment (FDI) inflow of USD 94.53 billion in FY 2025-26, with cumulative FDI reaching USD 843 billion since 2014-15, announced Commerce and Industry Minister Piyush Goyal. Production Linked Incentive (PLI) schemes have also significantly boosted investment, production, exports, and job creation.

RBI's forex gains jump 52% in FY26, balance sheet swells

RBI's forex gains jump 52% in FY26, balance sheet swells

Rediff.com30 May 2026

The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.

Tata's Unlisted Companies Burn Rs 31,823 Crore

Tata's Unlisted Companies Burn Rs 31,823 Crore

Rediff.com28 Sep 2026

Seven of them posted losses, led by Air India, with their combined net loss widening to Rs 31,823 crore in FY26 from Rs 17,553 crore a year earlier and Rs 1,555 crore in FY20.

Axis Bank To Hire 12,500 Freshers

Axis Bank To Hire 12,500 Freshers

Rediff.com1 days ago

'Get people young, train them, assimilate them, and grow them adequately.'

States' Capital Expenditure Utilisation Falls Below Last Year's Level in Apr-Aug FY27

States' Capital Expenditure Utilisation Falls Below Last Year's Level in Apr-Aug FY27

Rediff.com10 hours ago

Indian states' capital expenditure (capex) utilisation for April-August FY27 fell to 21.21 per cent, slightly below the 21.73 per cent recorded in the same period of FY26, according to a CAG analysis. Despite the dip, this figure remains the third highest in the past six years, with significant variations observed across states.

Visa Rules Slow Study Abroad

Visa Rules Slow Study Abroad

Rediff.com21 Sep 2026

The number of Indians travelling abroad for education fell from 908,364 in 2023 to 770,127 in 2024 and 626,606 in 2025.

Tata Motors filed record 144 patents in FY26

Tata Motors filed record 144 patents in FY26

Rediff.com29 Apr 2026

Commercial vehicles major Tata Motors Ltd has announced a record 144 patent applications filed in FY26, its highest in a single year, focusing on vehicle safety, reliability, cost, comfort, and future mobility solutions like electric and hydrogen vehicles.

Five listed Reits distributed over Rs 2,500 crore in Q4FY26

Five listed Reits distributed over Rs 2,500 crore in Q4FY26

Rediff.com26 May 2026

India's five publicly listed Real Estate Investment Trusts (REITs) collectively distributed more than Rs 2,566 crore to over 425,000 unitholders in Q4FY26, with a cumulative distribution exceeding Rs 8,900 crore for the full fiscal year.

Adani Group achieves record $16.1 billion capex, $10 billion EBITDA in FY26

Adani Group achieves record $16.1 billion capex, $10 billion EBITDA in FY26

Rediff.com2 Jun 2026

Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.

Private Capex Projected to Reach Rs 3.2 Trillion in FY27 Amidst Global Uncertainty

Private Capex Projected to Reach Rs 3.2 Trillion in FY27 Amidst Global Uncertainty

Rediff.com28 Sep 2026

India's private sector capital expenditure is projected to reach approximately 3.2 trillion in the financial year 2026-27, up from 2.6 trillion in FY26, according to a Reserve Bank of India bulletin report, indicating sustained confidence despite global uncertainties.

GST Bachat Utsav Gets Half Of Rs 54 Crore Ad Spend

GST Bachat Utsav Gets Half Of Rs 54 Crore Ad Spend

Rediff.com13 hours ago

Across all 10 schemes from FY24 to FY26, print media captured 58.8 per cent of the total ad spending, followed by electronic media at 19.5 per cent, digital media at 14.6 per cent, and outdoor media at 7.2 per cent.

Rupee stabilises in H1FY27 amid RBI interventions, global pressures persist

Rupee stabilises in H1FY27 amid RBI interventions, global pressures persist

Rediff.com5 days ago

After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.

Government slashes expenditure by Rs 60,000 crore to achieve FY26 fiscal deficit goal

Government slashes expenditure by Rs 60,000 crore to achieve FY26 fiscal deficit goal

Rediff.com2 Jun 2026

The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).

Direct Mutual Funds Outpaced Regular Schemes In FY26

Direct Mutual Funds Outpaced Regular Schemes In FY26

Rediff.com17 Apr 2026

Direct plans of mutual fund schemes added nearly 21 million individual investor folios in FY26 (as of February), surpassing regular plans' 15 million net additions, marking only the second time direct plans have outpaced regular plans in annual folio growth, despite turbulent equity markets.

GST growth slipped to five-year low of 5.6% in FY26

GST growth slipped to five-year low of 5.6% in FY26

Rediff.com4 May 2026

India's like-for-like gross Goods and Services Tax (GST) revenue growth slowed to a five-year low of 5.57 per cent in FY26, reaching Rs 23.32 trillion, primarily driven by a significant surge in import revenues.

Net SIP Inflows Hit Record Rs 2 Trillion

Net SIP Inflows Hit Record Rs 2 Trillion

Rediff.com11 Sep 2026

Net SIP inflow is calculated by subtracting redemptions from gross SIP investments.

UPI Transactions Soar To 314 Lakh Crore In FY26

UPI Transactions Soar To 314 Lakh Crore In FY26

Rediff.com30 Apr 2026

Unified Payments Interface (UPI) has reached a record Rs 314 lakh crore in transaction value in FY26, representing more than a 4,000-fold increase since inception.

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Rediff.com20 May 2026

India's top 16 IT services companies distributed a record 1.3 trillion to shareholders in FY26 through dividends and share buybacks, a 36.3 per cent increase from FY25, even as the industry grappled with AI-driven business model threats and a significant decline in market capitalisation.

ITC's Net Profit Up 6.1% in Q4FY26, Driven by Cigarettes and FMCG

ITC's Net Profit Up 6.1% in Q4FY26, Driven by Cigarettes and FMCG

Rediff.com22 May 2026

ITC reported a 6.1 per cent year-on-year growth in its consolidated adjusted net profit from continuing operations, reaching ~5,469.74 crore in the January-March quarter (Q4FY26), primarily fuelled by strong performances in its cigarettes and non-cigarette fast-moving consumer goods (FMCG) businesses.

Trent's Q4FY26 Revenue Rebounds, Board Approves Rs 2,500 Crore Equity Raise

Trent's Q4FY26 Revenue Rebounds, Board Approves Rs 2,500 Crore Equity Raise

Rediff.com3 May 2026

Trent reported a 20 per cent revenue rebound in Q4FY26, driven by a recovery in like-for-like growth and significant store additions. The company's board has approved raising up to 2,500 crore in equity to fund investments in store network upgrades, new brands, supply chain automation, and Star Bazaar expansion, alongside a 1:2 bonus issue and a 6 dividend.

Why Tata Sons IPO May Get Lower Valuation

Why Tata Sons IPO May Get Lower Valuation

Rediff.com26 Sep 2026

Holding-company discounts and losses at key unlisted ventures could weigh on Tata Sons' IPO valuation, though its diversified portfolio may still command a premium.

Jefferies foresees $60 billion domestic defence opportunity

Jefferies foresees $60 billion domestic defence opportunity

Rediff.com9 Sep 2026

Global brokerage Jefferies forecasts a double-digit compound annual growth rate (CAGR) for India's defence spending, estimating a cumulative domestic opportunity of over $60 billion across four years, driven by geopolitical tensions and the government's indigenisation push.

NRI Deposits See Massive 678% Jump to $36.24 Billion in April-July FY27

NRI Deposits See Massive 678% Jump to $36.24 Billion in April-July FY27

Rediff.com28 Sep 2026

Non-resident Indian (NRI) deposit schemes witnessed a staggering 678.2 per cent increase, reaching $36.24 billion in the April-July period of FY27, primarily driven by strong FCNR(B) deposit flows and a concessional swap facility introduced by the RBI.

India's FDI Inflows Set to Cross $90 Billion in FY26, Says DPIIT Secretary

India's FDI Inflows Set to Cross $90 Billion in FY26, Says DPIIT Secretary

Rediff.com3 May 2026

India's foreign direct investment (FDI) inflows are projected to surpass $90 billion in 2025-26 (FY26), driven by robust policy reforms, free trade agreements, and strong economic growth, according to DPIIT Secretary Amardeep Singh Bhatia.

GST rationalisation, equity volatility to hit insurers' Q4FY26 profitability

GST rationalisation, equity volatility to hit insurers' Q4FY26 profitability

Rediff.com14 Apr 2026

Indian insurance companies are bracing for reduced profitability in Q4FY26, primarily due to the rationalisation of GST on retail life and health policies, leading to a loss of input tax credit, coupled with volatility in equity markets impacting investment income.

Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion

Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion

Rediff.com2 days ago

Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.

Incoming Air India CEO outlines priorities: Safety, reliability, profitability

Incoming Air India CEO outlines priorities: Safety, reliability, profitability

Rediff.com7 days ago

Tewolde Gebremariam, Air India's CEO and MD-designate, has outlined passenger safety, operational reliability, and sustainable profitability as the airline's foremost priorities, emphasising a stronger safety-reporting culture and improved disruption recovery.

India records $7.1 billion current account surplus in Q4 FY26

India records $7.1 billion current account surplus in Q4 FY26

Rediff.com8 Jun 2026

India achieved a current account surplus of USD 7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26, primarily boosted by robust services exports and increased remittances from overseas Indians, according to recent Reserve Bank of India data.

Preferential Equity Listings Hit Record High in FY26 Amid Market Volatility

Preferential Equity Listings Hit Record High in FY26 Amid Market Volatility

Rediff.com5 May 2026

Preferential equity listings in India reached an unprecedented 1,307 in FY26, marking a 33% increase from the previous year and reflecting a strategic choice for companies during market volatility.

India's Trade Deficit with BRICS Nations Surges to $226.1 Billion

India's Trade Deficit with BRICS Nations Surges to $226.1 Billion

Rediff.com9 Sep 2026

India's total goods trade with BRICS nations more than doubled from FY21 to FY26, reaching USD 417.5 billion, but a significant surge in imports, particularly from China and Russia, has caused India's trade deficit with the bloc to more than triple, reaching USD 226.1 billion.