Search results for 'Financial Highlights'

Property Ownership Hinges On Funding

Property Ownership Hinges On Funding

Rediff.com16 Jun 2026

Taxability in property transactions depends on the actual source of funds and beneficial ownership, not on whose name appears in the purchase agreement.

Iran peace deal not final, will go back to war if...: Trump

Iran peace deal not final, will go back to war if...: Trump

Rediff.com17 Jun 2026

A US-Iran memorandum of understanding is set to be signed, outlining sanctions relief, the reopening of the Strait of Hormuz, and a 60-day negotiation window for Iran's uranium enrichment, but US President Donald Trump has underscored the deal's conditional nature, warning of military action if Tehran fails to comply.

England shift India T20Is for massive TV audience

England shift India T20Is for massive TV audience

Rediff.com8 Jun 2026

The England and Wales Cricket Board has moved the start times of the upcoming five T20 Internationals against India an hour earlier to 10:00 pm IST, aiming to maximise television viewership in the subcontinent. This decision, made after consulting broadcasters, highlights English cricket's financial reliance on high-value series featuring India. The tour also includes a sold-out ODI series, with uncertainty surrounding Virat Kohli's participation due to injury.

Thane Police Uncover Major Drug Trafficking Ring

Thane Police Uncover Major Drug Trafficking Ring

Rediff.com10 Jun 2026

The Thane City Crime Branch has dismantled a drug trafficking network connected to the Kashmir Valley, arresting three individuals and confiscating charas and tramadol capsules worth over Rs 3.03 crore. The operation is part of a special anti-narcotics drive, with investigations ongoing into the supply chain and financial links.

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Rediff.com10 Jun 2026

Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.

Unheralded G Sindhushree Sets New Pole Vault National Record, Qualifies For Asian Games

Unheralded G Sindhushree Sets New Pole Vault National Record, Qualifies For Asian Games

Rediff.com7 days ago

Karnataka's G Sindhushree, an unheralded pole vaulter, achieved a new national record of 4.25m at the National Inter-State Senior Athletics Championships in Bhubaneswar. This performance not only secured her a gold medal but also a spot in the Asian Games. Overcoming personal hardships, Sindhushree dedicated her achievement to her late father. The event also saw other athletes like Animesh Kujur, Harshita Bhadra, Manpreet Kaur, Gowthami Jayaraman, Mohammed Afsal, and N Thowfeeq qualify for the Asian Games in various disciplines.

India's long-term consumption story intact despite challenges: KKR

India's long-term consumption story intact despite challenges: KKR

Rediff.com11 Jun 2026

Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.

Smriti Irani Accuses TMC of Corruption, Promises Financial Aid for Women in West Bengal

Smriti Irani Accuses TMC of Corruption, Promises Financial Aid for Women in West Bengal

Rediff.com15 Apr 2026

Senior BJP leader Smriti Irani has criticised the TMC government in West Bengal, alleging corruption and failure to ensure women's safety. She promised a monthly cash support of Rs 3,000 for every woman if the BJP is voted to power.

How Bengaluru Police Uncovered A Prostitution Racket

How Bengaluru Police Uncovered A Prostitution Racket

Rediff.com9 Jun 2026

Police in Bengaluru arrested a woman for allegedly operating a prostitution racket from a rented house, rescuing two women involved. The accused confessed to facilitating services for financial gain, and further investigation is underway by the Central Crime Branch's Women Protection Squad.

Delhi Hotel Receptionist Held For Stealing Guest's Phone, Rs 1.1 Lakh Fraud

Delhi Hotel Receptionist Held For Stealing Guest's Phone, Rs 1.1 Lakh Fraud

Rediff.com12 Jun 2026

A 20-year-old hotel receptionist in Delhi has been arrested for allegedly stealing a guest's mobile phone and fraudulently transferring Rs 1.10 lakh from his bank account using IMPS transactions. Police have recovered the stolen phone and frozen a significant portion of the stolen amount.

Investment Advisors Heavily Concentrated in Five Metros, Hindering Financial Inclusion

Investment Advisors Heavily Concentrated in Five Metros, Hindering Financial Inclusion

Rediff.com1 Apr 2026

A significant majority (57%) of India's investment advisors are concentrated in just five metro cities, leading to concerns about financial inclusion and the spread of financial market products beyond urban centres, according to a Business Standard analysis of Sebi data.

Cooperative Official Arrested In Odisha For Embezzlement

Cooperative Official Arrested In Odisha For Embezzlement

Rediff.com30 May 2026

Odisha Vigilance arrested a cooperative official, Patitapaban Majhi, for allegedly misappropriating over Rs 33 lakh in government funds during his tenure at the Garhsantri Service Co-operative Society.

Geopolitical Tensions, AI Risks Prompt Citi to Cut Nifty Target to 26,000

Geopolitical Tensions, AI Risks Prompt Citi to Cut Nifty Target to 26,000

Rediff.com12 Jun 2026

Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Rediff.com10 Jun 2026

Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.

Assets Attached in United Services Club Financial Fraud Investigation

Assets Attached in United Services Club Financial Fraud Investigation

Rediff.com23 Mar 2026

The Enforcement Directorate (ED) has provisionally attached assets worth approximately Rs 34.51 crore in connection with an alleged financial fraud involving the United Services Club in south Mumbai.

AI171 crash: Life is 'far more difficult' for lone survivor

AI171 crash: Life is 'far more difficult' for lone survivor

Rediff.com12 Jun 2026

Viswashkumar Ramesh, the lone survivor of Flight 171 which crashed a year ago in Ahmedabad, has spoken out about his ongoing struggles with 'sleep, anxiety and difficult memories,' highlighting the profound and lasting impact of the disaster.

FIFA World Cup brings back bitter memories for Mexico's missing families

FIFA World Cup brings back bitter memories for Mexico's missing families

Rediff.com24 Jun 2026

Mexico counts more than 135,000 missing people, a figure that has surged since 2006 when then-President Felipe Calderon launched a war against the country's drug cartels.

Tamil Nadu Debt Nearly Doubles to 10 Trillion in Five Years

Tamil Nadu Debt Nearly Doubles to 10 Trillion in Five Years

Rediff.com18 Jun 2026

A new white paper released by the Tamilaga Vettri Kazhagam (TVK) government reveals that Tamil Nadu's direct debt has nearly doubled to an alarming 10 trillion in the past five years, exposing significant fiscal strain and a substantial debt burden on every citizen.

Why Supreme Court Granted Bail In Rs 22 Crore Fraud Case

Why Supreme Court Granted Bail In Rs 22 Crore Fraud Case

Rediff.com8 Jun 2026

The Supreme Court has granted bail to Shubham Saxena, accused of siphoning off Rs 22 crore from a real estate company, primarily due to his prolonged pre-trial detention of over four and a half years. This decision overturns a Delhi High Court ruling that had denied bail citing the gravity of the economic offence.

Time India Embraces China And US

Time India Embraces China And US

Rediff.com7 days ago

India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.

WPL, WC triumph driving India's growing depth in women's cricket, says Hussain

WPL, WC triumph driving India's growing depth in women's cricket, says Hussain

Rediff.com11 Jun 2026

Nasser Hussain says India's Women's Premier League and ODI World Cup triumph have created an "unstoppable force" in women's cricket, boosting talent depth and inspiring the next generation of players.

How Punjab Police Dismantled Drug Trafficking Networks

How Punjab Police Dismantled Drug Trafficking Networks

Rediff.com31 May 2026

Punjab Police has dismantled the financial infrastructure of drug-trafficking networks, freezing assets worth Rs 300 crore linked to alleged drug smugglers.

Ex-Religare Chief Saluja Summoned In Money Laundering Probe

Ex-Religare Chief Saluja Summoned In Money Laundering Probe

Rediff.com2 Jun 2026

A Mumbai court has summoned Rashmi Saluja, former executive chairperson of Religare Enterprises Ltd (REL), and four others in connection with a money laundering case linked to Employee Stock Option Plans (ESOPs). The Enforcement Directorate's case is based on a police complaint registered against the accused for alleged criminal conspiracy and cheating in 2024.

Punjab Governor Highlights Aadhaar's Role in Governance and Welfare

Punjab Governor Highlights Aadhaar's Role in Governance and Welfare

Rediff.com24 Mar 2026

Punjab Governor Gulab Chand Kataria emphasised the importance of Aadhaar in promoting good governance, transparency, and ease of living, highlighting its role in ensuring welfare benefits reach the intended recipients and strengthening the rural economy through Direct Benefit Transfer.

Tension escalates as US shoots down two Iranian attack drones in Hormuz

Tension escalates as US shoots down two Iranian attack drones in Hormuz

Rediff.com7 Jun 2026

The United States military has intercepted and destroyed two Iranian attack drones that posed an immediate hazard to commercial shipping lanes in the Strait of Hormuz, according to an official statement by the US Central Command late Saturday.

480 new entrants entered Indian automobile sector last year, mostly in EVs

480 new entrants entered Indian automobile sector last year, mostly in EVs

Rediff.com22 Jun 2026

India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.

DU Student Arrested For Supplying Hydroponic Marijuana To College Students

DU Student Arrested For Supplying Hydroponic Marijuana To College Students

Rediff.com9 Jun 2026

A 22-year-old Delhi University student was arrested in north Delhi with 195 grams of hydroponic marijuana, valued at Rs 20 lakh. He allegedly supplied the drug, known as OG, to college students to fund a lavish lifestyle. Police are investigating the supply chain.

Trump by his side, Modi raises Indian sailors' deaths at G7

Trump by his side, Modi raises Indian sailors' deaths at G7

Rediff.com17 Jun 2026

Modi's comments on underlining the importance of ensuring the safety of seafarers came against the backdrop of growing anger in India over the killing of the three Indian crew members in a US military attack on a merchant ship off the coast of Oman last week.

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

Rediff.com4 Jun 2026

State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.

'Many discrepancies': Student presents CBSE OSM findings before parl panel

'Many discrepancies': Student presents CBSE OSM findings before parl panel

Rediff.com2 Jun 2026

Sarthak Sidhant, a Class 12 student affected by the Central Board of Secondary Education's (CBSE) On-Screen Marking (OSM) system, appeared before the Parliamentary Standing Committee on Education, Women, Children, Youth and Sports on Tuesday to present his findings regarding the implementation of the system and alleged irregularities in the OSM tendering process.

Multi-State Cyber Fraud Suspect Nabbed In Assam

Multi-State Cyber Fraud Suspect Nabbed In Assam

Rediff.com2 Jun 2026

Assam Police have arrested a cyber fraudster suspected of involvement in multi-state digital crimes. The arrest was made by the Crime Investigation Department's Cyber Police Station, and the suspect is believed to have operated a highly active mule account.

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

Rediff.com4 Jun 2026

The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

Rediff.com4 Jun 2026

The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.

Rajasthan CM Highlights Job Creation and Youth Empowerment Initiatives

Rajasthan CM Highlights Job Creation and Youth Empowerment Initiatives

Rediff.com17 Mar 2026

Rajasthan Chief Minister Bhajanlal Sharma announced the creation of over 1.25 lakh government jobs and ongoing recruitment for over 1.33 lakh posts, alongside initiatives to curb paper leaks and promote youth entrepreneurship.

AI Agents to Equal Human Staff, No Downsizing Planned: TCS' Chandra

AI Agents to Equal Human Staff, No Downsizing Planned: TCS' Chandra

Rediff.com9 Jun 2026

Tata Consultancy Services (TCS) Chairman N Chandrasekaran announced that the company anticipates having as many artificial intelligence (AI) agents as its human workforce, currently half a million, while assuring that no staff downsizing is planned.

How Delhi Police Uncovered A Major Cyber Fraud Network

How Delhi Police Uncovered A Major Cyber Fraud Network

Rediff.com6 Jun 2026

Delhi Police have dismantled an interstate cyber fraud syndicate, arresting three key operatives involved in siphoning off money through unauthorised banking transactions. The police successfully froze approximately Rs 4 lakh of the Rs 4.82 lakh stolen from a victim's account and recovered numerous debit cards, SIM cards, and mobile phones used in the operation.

Titan's expansion plans earn glittering outlook

Titan's expansion plans earn glittering outlook

Rediff.com6 Jun 2026

Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.

Audit Flags Irregularities At Delhi Medical Council

Audit Flags Irregularities At Delhi Medical Council

Rediff.com15 May 2026

The Delhi government's Health Department has received an audit report highlighting alleged financial and administrative irregularities within the Delhi Medical Council (DMC) between 2019 and 2025.

Delhi Gymkhana seeks alternate land amid takeover row

Delhi Gymkhana seeks alternate land amid takeover row

Rediff.com26 May 2026

Delhi Gymkhana Club members call takeover "illegal" and highlight heritage and social value.

India's fertiliser subsidy bill set to double to Rs 3.4 trillion in FY27

India's fertiliser subsidy bill set to double to Rs 3.4 trillion in FY27

Rediff.com17 Jun 2026

India's Central government is likely to see its fertiliser subsidy bill double to a record 3.4 trillion in FY27, up from the Budget estimate of 1.7 trillion, due to surging global fertiliser prices exacerbated by the West Asia war. This significant increase, coupled with revenue losses from excise duty cuts for oil-marketing companies, is straining the government's fiscal space, though capital expenditure plans remain unchanged.