News for 'BASIS'

Direct Tax Collection Jumps 13.21% to Rs 13.38 Lakh Crore by Mid-October

Direct Tax Collection Jumps 13.21% to Rs 13.38 Lakh Crore by Mid-October

Rediff.com15 Oct 2026

India's net direct tax collection witnessed a robust 13.21 per cent increase, reaching approximately Rs 13.38 lakh crore between April 1 and October 14, primarily fuelled by a strong performance in corporate tax mop-up.

AITA Organises Free All-Women Tennis Coaching Course In New Delhi

AITA Organises Free All-Women Tennis Coaching Course In New Delhi

Rediff.com6 days ago

The All India Tennis Association (AITA) is conducting a free, all-women coaching course in New Delhi from October 24 to 30. This initiative aims to create a structured pathway for women in tennis coaching, supported by MYAS, SAI, and DLTA, and has attracted 48 entries.

RBI raises India's FY27 GDP growth forecast to 7.1% amid global headwinds

RBI raises India's FY27 GDP growth forecast to 7.1% amid global headwinds

Rediff.com7 Oct 2026

The Reserve Bank of India (RBI) has increased its GDP growth forecast for the current fiscal year (FY27) by 40 basis points to 7.1 per cent, acknowledging the resilience of domestic economic activity despite global headwinds and geopolitical tensions.

Pollock Starts Pink-Ball Debate: Should Day Tests Ditch the Red Ball?

Pollock Starts Pink-Ball Debate: Should Day Tests Ditch the Red Ball?

Rediff.com13 Oct 2026

Former South Africa all-rounder Shaun Pollock has called for the use of pink balls in traditional daytime Test matches to reduce playing time lost due to bad light, following interruptions in the ongoing first Test between South Africa and Australia.

Supreme Court Ruling Bolsters Kerala Government's Stance On CMRL Probe

Supreme Court Ruling Bolsters Kerala Government's Stance On CMRL Probe

Rediff.com2 days ago

Kerala's Electricity Minister Sunny Joseph stated that criticism regarding the state government's initial decision for a preliminary inquiry in the alleged CMRL payments case, involving former CM Pinarayi Vijayan and his family, would subside following a recent Supreme Court verdict. Health Minister K Muraleedharan also affirmed that the SC order vindicated the government's cautious approach, which prioritised a preliminary inquiry over immediate FIR registration based solely on the ED's request.

Siang Project: Can India Turn Challenge Into Opportunity?

Siang Project: Can India Turn Challenge Into Opportunity?

Rediff.com2 days ago

The objective should be clear: Energy security without abandoning environmental responsibility; water security without ignoring local concerns; and strategic resilience without sacrificing public confidence, notes Varun Arya.

Two Arrested, 900 Gm Brown Sugar Seized In Manipur

Two Arrested, 900 Gm Brown Sugar Seized In Manipur

Rediff.com13 Oct 2026

Manipur police have arrested two individuals, including a Myanmar national, and seized 900 grams of brown sugar in Churachandpur district following a tip-off. The arrests were made on Tuesday, leading to charges under the NDPS Act and immigration laws.

AISA president Neha Bora moves HC, challenges police peace bond notice

AISA president Neha Bora moves HC, challenges police peace bond notice

Rediff.com5 days ago

All India Students' Association (AISA) President Neha Bora has approached the Delhi High Court challenging a Delhi Police notice requiring her to execute a bond for "keeping peace" under Section 126 of the Bharatiya Nagarik Suraksha Sanhita (BNSS). Bora, who was previously detained, argues the notice is vague and an attempt to suppress peaceful dissent.

HFCL achieves highest-ever quarterly net profit of Rs 394 crore, driven by optical fibre demand from AI data centres

HFCL achieves highest-ever quarterly net profit of Rs 394 crore, driven by optical fibre demand from AI data centres

Rediff.com5 days ago

Domestic telecom gear maker HFCL reported its highest-ever quarterly consolidated net profit of Rs 394.22 crore for the second quarter ended September 30, 2026, a multi-fold increase from Rs 72 crore a year ago, primarily due to strong demand for optical fibre cables from AI data centres.

Pranav Soorma Clinches Discus Gold With Asian Record At Para Games

Pranav Soorma Clinches Discus Gold With Asian Record At Para Games

Rediff.com3 days ago

India's Pranav Soorma secured a gold medal in the discus throw at the Asian Para Games, setting a new Asian record in his debut major competition for the event. Compatriot Ram Ratan Singh won silver, ensuring a 1-2 finish for India in the combined F51/52/53 event. Soorma, who previously won gold in club throw, highlighted the technical challenges of adapting to discus throw and the extensive practice involved.

RBI Hikes Repo Rate to 5.5%, Raises FY27 Retail Inflation Forecast to 5.2%

RBI Hikes Repo Rate to 5.5%, Raises FY27 Retail Inflation Forecast to 5.2%

Rediff.com7 Oct 2026

The Reserve Bank of India (RBI) has marginally raised its retail inflation forecast for the current fiscal year (FY27) to 5.2 per cent from 5 per cent, citing increasing price pressures across various commodities. Concurrently, the Monetary Policy Committee (MPC) unanimously decided to hike the key interest rate (repo) by 25 basis points to 5.5 per cent, shifting its stance to 'calibrated tightening'.

Landmark Delhi High Court Ruling On Woman's Role In Gang Rape

Landmark Delhi High Court Ruling On Woman's Role In Gang Rape

Rediff.com15 Oct 2026

The Delhi High Court has ruled that a woman can be charged with gang rape even if she did not physically commit the act, but facilitated the victim's rape. This judgment clarifies the interpretation of Section 376D IPC and Section 70 BNS, stating that anyone acting in furtherance of a common intention in a group can be held liable, regardless of gender. The ruling came while dismissing a plea challenging charges against a woman accused of forcing her minor daughter into sexual relations.

CIC Orders NRAI To Reveal Age Verification Policy Details

CIC Orders NRAI To Reveal Age Verification Policy Details

Rediff.com6 Oct 2026

The Central Information Commission (CIC) has directed the National Rifle Association of India (NRAI) to disclose the specific rules and policies behind its requirement for shooters to submit an affidavit on a non-judicial stamp paper for date of birth verification. The directive came after an RTI appeal sought clarity on the basis for this mandatory requirement, which the NRAI stated was part of its age fraud prevention measures.

HCLTech's Q2 performance: Robust growth and AI traction, but valuation concerns persist

HCLTech's Q2 performance: Robust growth and AI traction, but valuation concerns persist

Rediff.com3 days ago

HCLTech, India's third-largest IT services company, reported robust Q2 revenue growth of 2.3 per cent in constant currency, driven by services and ER&D segments, with strong new deal wins of $3.3 billion and significant traction in its AI business. Despite exceeding margin estimates and raising revenue guidance, some brokerages remain cautious due to the stock's premium valuation compared to peers.

Akoijam to contest in court JNU dismissal over harassment claims

Akoijam to contest in court JNU dismissal over harassment claims

Rediff.com16 Oct 2026

Congress MP Bimol Akoijam, dismissed from JNU following sexual harassment allegations, announced his legal team is preparing to challenge the action in court. After appearing before Delhi Police investigators, Akoijam returned to Imphal, urging peace and calm. He stated he would cooperate with the investigation but also highlighted other pressing issues in Manipur. Akoijam denies the charges, which stem from complaints by multiple female students.

Supreme Court Stays Probe Against Pinarayi Vijayan In CMRL Bribery Case

Supreme Court Stays Probe Against Pinarayi Vijayan In CMRL Bribery Case

Rediff.com3 days ago

The Supreme Court has granted a temporary relief to former Kerala chief minister Pinarayi Vijayan, his daughter, and son-in-law by staying for a week the investigation against them in the alleged Cochin Minerals and Rutile Limited (CMRL) bribery case. The apex court permitted them to appeal a single judge's order before the Kerala High Court division bench and cautioned the Enforcement Directorate against exceeding its statutory limits.

Mumbai Airport redevelopment: Airlines must decide on Navi Mumbai shift or suspension by Summer 2027

Mumbai Airport redevelopment: Airlines must decide on Navi Mumbai shift or suspension by Summer 2027

Rediff.com4 days ago

Adani Group-controlled Mumbai International Airport Ltd (MIAL) has reiterated that airlines must decide whether to shift flights to Navi Mumbai, temporarily suspend operations at Mumbai airport, or pursue other alternatives from the summer 2027 schedule due to Terminal 1's redevelopment.

Planning To Buy A House? How EPF Can Help

Planning To Buy A House? How EPF Can Help

Rediff.com15 Oct 2026

A member must generally have completed 12 months of EPF membership to use the facility.

Cheap IPOs Are Paying Off In 2026

Cheap IPOs Are Paying Off In 2026

Rediff.com3 days ago

Investors who bought attractively valued IPOs and held on have earned strong returns, particularly when the money raised went into companies rather than into the pockets of exiting shareholders.

Sikkim BJP Supports Governor Appointment Amid Ankita Bhandari Case Row

Sikkim BJP Supports Governor Appointment Amid Ankita Bhandari Case Row

Rediff.com6 days ago

The BJP's Sikkim unit has supported the appointment of Dushyant Kumar Gautam as governor, despite opposition allegations linking him to the "VIP" in the Ankita Bhandari murder case. The party called for an independent and impartial probe by the CBI, which recently met Bhandari's parents, and stressed that justice must be free from political influence.

Repo Rate Hike: Impact On Loans, FDs

Repo Rate Hike: Impact On Loans, FDs

Rediff.com8 Oct 2026

'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'

Six Medals For India's Para Athletes In Asian Para Games

Six Medals For India's Para Athletes In Asian Para Games

Rediff.com5 days ago

India's para track and field athletes delivered an outstanding performance at the Aichi-Nagoya Asian Para Games, securing a total of six medals, including three gold. Long jumper Nishad Kumar, javelin thrower Rinku, and visually impaired middle-distance runner Soumya each clinched gold in their respective events on the opening day of athletics competitions. This strong showing placed India second only to hosts Japan in the medal tally for the day.

Why RBI Should Increase Rates In October

Why RBI Should Increase Rates In October

Rediff.com6 Oct 2026

A 25-basis-point increase would restore some real monetary restraint when expected inflation has risen, liquidity remains easy and growth is strong, points out Amarendu Nandy.

Delhi Police Bust Drug Ring Involving Taxi Drivers, Nigerian National

Delhi Police Bust Drug Ring Involving Taxi Drivers, Nigerian National

Rediff.com16 Oct 2026

Delhi Police have arrested two taxi drivers and a Nigerian national for alleged drug trafficking. The accused were found with commercial quantities of cocaine, heroin, and MDMA. The taxi drivers reportedly coordinated deliveries, while the Nigerian national, who overstayed his medical visa, is believed to be a key supplier.

BJP Accuses Karnataka Congress Of Rs 14.95 Crore Ambedkar Corp Fraud

BJP Accuses Karnataka Congress Of Rs 14.95 Crore Ambedkar Corp Fraud

Rediff.com16 Oct 2026

Senior BJP leader R Ashoka has accused the Karnataka Congress government of a Rs 14.95 crore fraud in the Dr B R Ambedkar Development Corporation, following a previous alleged scam in the Maharshi Valmiki Scheduled Tribes Development Corporation. Ashoka cited an ED press release detailing the siphoning of funds through fake accounts and forged documents, demanding accountability from the Congress leadership.

Who Owns A House When Parents Pay?

Who Owns A House When Parents Pay?

Rediff.com2 days ago

Property ownership disputes depend on the registered deed, the parties' intentions, financial contributions and available evidence.

Retail Inflation Jumps to 5.54% in September, Driven by High Onion and Food Prices

Retail Inflation Jumps to 5.54% in September, Driven by High Onion and Food Prices

Rediff.com12 Oct 2026

India's retail inflation surged to 5.54 per cent in September, primarily due to a significant increase in onion and other food prices, remaining just within the Reserve Bank of India's tolerance band. This marks the highest inflation since the new series with base year 2024 took effect in January.

Delhi HC green light for CJP's Connaught Place protest

Delhi HC green light for CJP's Connaught Place protest

Rediff.com15 Oct 2026

The Delhi High Court refused to issue an injunction to stop a protest by the CJP at Connaught Place Central Park on October 16, accepting the police's assurance to regulate the activity. A vendor had sought to regulate the protest, citing potential business losses during the festive season.

Sebi confirms Rajesh Exports curbs, flags incomplete information in probe

Sebi confirms Rajesh Exports curbs, flags incomplete information in probe

Rediff.com15 Oct 2026

The Securities and Exchange Board of India (Sebi) has confirmed its interim directions against Rajesh Exports and its chairman, Rajesh Mehta, due to unresolved concerns regarding financial disclosures, consolidation of overseas subsidiaries, and alleged fund routing through related parties.

Why India Is Poised To Dominate Global Golf

Why India Is Poised To Dominate Global Golf

Rediff.com7 days ago

Amitabh Kant, former NITI Aayog CEO, and PGTI CEO Amandeep Johl express strong confidence in India's potential to become a global golf powerhouse within the next decade. Kant specifically predicts a woman golfer will achieve a breakthrough moment for the country. They highlight India's demographic advantage, rising youth participation, and the need for university-level talent development and private investment in infrastructure to achieve this goal.

RBI's 'Calibrated Tightening' Drags Indian Markets Lower Amid Global Headwinds

RBI's 'Calibrated Tightening' Drags Indian Markets Lower Amid Global Headwinds

Rediff.com8 Oct 2026

Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.

How Account Aggregator Can Boost Credit For Gig Workers

How Account Aggregator Can Boost Credit For Gig Workers

Rediff.com15 Oct 2026

Nandan Nilekani, co-founder of Infosys, has urged for the expanded adoption of the Account Aggregator (AA) framework to facilitate formal credit access for self-employed individuals and gig workers. He highlighted its potential to enable cash-flow-based lending by leveraging diverse data streams, moving beyond traditional asset-based lending, and fostering a more inclusive digital financial infrastructure in India.

Akash Ambani: 'IPO Is Just The Start Of Jio's Journey'

Akash Ambani: 'IPO Is Just The Start Of Jio's Journey'

Rediff.com16 Oct 2026

'Reliance has had a very, very strong history of shareholder value and growth, and that's what we need to focus on the further journey from the IPO.'

Passenger Vehicle Dispatches Surge 21.8% in September, Two-Wheelers Up 13.5%

Passenger Vehicle Dispatches Surge 21.8% in September, Two-Wheelers Up 13.5%

Rediff.com15 Oct 2026

Domestic passenger vehicle dispatches in India increased by 21.8 per cent year-on-year to 4,54,574 units in September, while two-wheeler sales rose 13.5 per cent to 24.63 lakh units, according to SIAM data.

'70% Of Bollywood Stars Have Paid Extortion Money To Bishnoi'

'70% Of Bollywood Stars Have Paid Extortion Money To Bishnoi'

Rediff.com4 days ago

'The remaining 30% are scared they will be shot at and they too will shell out the money soon.'

UP Farmer Beaten To Death Over Grass Cutting Dispute

UP Farmer Beaten To Death Over Grass Cutting Dispute

Rediff.com13 Oct 2026

A 50-year-old farmer in Uttar Pradesh's Budaun district was allegedly beaten to death with bricks and stones on Tuesday following a dispute over cutting grass. Three people who intervened were injured, and an angry crowd thrashed one of the accused before police rescued him. One main accused has been taken into custody, while two others are absconding.

UP Farmer Beaten To Death Over Grass Cutting Dispute

UP Farmer Beaten To Death Over Grass Cutting Dispute

Rediff.com13 Oct 2026

A 50-year-old farmer in Uttar Pradesh's Budaun district was allegedly beaten to death with bricks and stones on Tuesday following a dispute over cutting grass. Three people who intervened were injured, and an angry crowd thrashed one of the accused before police rescued him. One main accused has been taken into custody, while two others are absconding.

Sadhna Group Chairman Held In Major Money Laundering Probe

Sadhna Group Chairman Held In Major Money Laundering Probe

Rediff.com10 Oct 2026

The Enforcement Directorate has arrested Rakesh Kumar Gupta, Chairman of Sadhna Group, in a money laundering case linked to alleged irregularities in IBC processes. He is accused of engineering insolvency to settle significant Income Tax dues for a fraction of the amount, receiving cash via crypto/hawala, and share manipulation. The alleged proceeds of crime total Rs 168 crore, and Gupta has been remanded to five days of ED custody.

Sensex drops 429 points as RBI hikes rates, crude prices surge

Sensex drops 429 points as RBI hikes rates, crude prices surge

Rediff.com7 Oct 2026

Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.

Odisha Police Bust Family-Run Truck Theft Racket

Odisha Police Bust Family-Run Truck Theft Racket

Rediff.com11 Oct 2026

Police in Bhubaneswar have busted a family-run truck theft racket, arresting two brothers. The family allegedly acquired vehicles on rental agreements, then sold them elsewhere without paying EMIs, causing significant financial losses to owners. The gang operated across multiple districts and is currently under further investigation.