News for 'Business India'

'This 2,000 MDR Limit Is Bogus'

'This 2,000 MDR Limit Is Bogus'

Rediff.com21 Sep 2026

'These limits will change. Very soon restrictions, restrictions will come.'

Team India players report for gruelling fitness Test at CoE Bengaluru

Team India players report for gruelling fitness Test at CoE Bengaluru

Rediff.com29 Aug 2026

India's top centrally-contracted cricketers, including Ravindra Jadeja, Rishabh Pant, and Yashasvi Jaiswal, underwent mandatory fitness tests at the Centre of Excellence in Bengaluru. These assessments, featuring the Bronco Test, 2k run, and YoYo test, are crucial for the upcoming eight-month home season, which includes series against Afghanistan and West Indies, and the Asian Games.

AI Effect: 'Nearly 3 Million Jobs Are At Risk In India'

AI Effect: 'Nearly 3 Million Jobs Are At Risk In India'

Rediff.com28 Aug 2026

In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.

Prahaar: When 26/11 Became A Film Spectacle

Prahaar: When 26/11 Became A Film Spectacle

Rediff.com30 Sep 2026

The moment it became clear that Maharashtra Chief Minister Devendra Fadnavis would launch the trailer of the Hindi film Prahaar: The Untold Story of Ujjwal Nikam it became obvious that the spectacle was more political than cinematic.

Why NCP (SP) Calls UPI MDR A 'Betrayal'

Why NCP (SP) Calls UPI MDR A 'Betrayal'

Rediff.com21 Sep 2026

The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. The party termed the move a "direct assault" on small traders and shopkeepers, accusing the Modi government of "double standards" by burdening small merchants while large industrialists benefit from loan write-offs.

One India, one time: IST to become sole official time standard

One India, one time: IST to become sole official time standard

Rediff.com30 Aug 2026

The Indian government has notified the Legal Metrology (Indian Standard Time) Rules, 2026, establishing IST as the sole reference for all official purposes nationwide. These rules, effective in 180 days, aim to synchronise digital systems, reduce reliance on foreign time sources, and enhance coordination across critical sectors like banking, railways, and telecommunications.

AI-led pricing pressure to drive consolidation among mid-tier IT firms

AI-led pricing pressure to drive consolidation among mid-tier IT firms

Rediff.com22 Sep 2026

India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.

Why India rose and Pakistan fell: Hockey great explains

Why India rose and Pakistan fell: Hockey great explains

Rediff.com15 Aug 2026

Former Pakistan captain Salman Akbar attributes his country's hockey decline to the absence of a robust domestic structure, contrasting it with India's strategic investment in grassroots and domestic ecosystems after failing to qualify for the 2008 Olympics. He highlights India's subsequent success and calls for similar foundational changes in Pakistan.

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Rediff.com11 Sep 2026

Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.

How UPI Revolutionised India's Digital Payments Ecosystem

How UPI Revolutionised India's Digital Payments Ecosystem

Rediff.com24 Aug 2026

The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.

ECs Disagreed With CEC On SIR

ECs Disagreed With CEC On SIR

Rediff.com23 Sep 2026

Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi repeatedly recorded that they had not been consulted or informed about decisions taken in the Commission's name, revealed an Indian Express report on Wednesday morning.

One In 10 Staff At California Unicorns Works In India

One In 10 Staff At California Unicorns Works In India

Rediff.com18 Aug 2026

One in 10 employees at California-headquartered technology unicorns now work from India, surpassing other major US tech hubs and several countries, driven by US visa restrictions and substantial cost savings.

New UPI Merchant Fee Sparks Volatility In Fintech Shares

New UPI Merchant Fee Sparks Volatility In Fintech Shares

Rediff.com16 Sep 2026

The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).

'It Can't Be A Guy Killing Everyone...'

'It Can't Be A Guy Killing Everyone...'

Rediff.com1 Oct 2026

'Something has to be new for the audience every time. It has to be a new experience while the emotions remain the same.'

Jindal Supreme IPO Subscribed 181 Times Signalling Strong Investor Confidence

Jindal Supreme IPO Subscribed 181 Times Signalling Strong Investor Confidence

Rediff.com18 Sep 2026

Jindal Supreme (India) Ltd's initial public offering, a manufacturer of plastic piping solutions, was subscribed an astounding 181.07 times on its final day, reflecting robust investor demand across all categories.

RBI Deputy Governor: UPI MDR won't trigger shift back to cash

RBI Deputy Governor: UPI MDR won't trigger shift back to cash

Rediff.com19 Sep 2026

RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.

Surrey call-up puts Auqib Nabi on fast track for India's New Zealand Test plans

Surrey call-up puts Auqib Nabi on fast track for India's New Zealand Test plans

Rediff.com30 Aug 2026

Auqib Nabi's Surrey stint will provide crucial first-class exposure in England as the J&K pacer seeks to strengthen his case for India's Test squad for New Zealand.

CCI Chairperson Flags AI Risks In Digital Markets

CCI Chairperson Flags AI Risks In Digital Markets

Rediff.com7 Sep 2026

Competition Commission of India (CCI) chairperson Ravneet Kaur has warned that the rapid adoption of artificial intelligence (AI) could intensify anti-competitive practices in digital markets, including self-preferencing, discriminatory pricing, and market manipulation. She highlighted the CCI's ongoing study into AI's impact on competition and stressed the regulator's role in fostering growth while preventing abuse of dominance.

'Day 1 At IIT-Bombay Was Frightening'

'Day 1 At IIT-Bombay Was Frightening'

Rediff.com1 Oct 2026

'There was a huge cultural gap. I could not understand the slang, the Mumbai lingo, and would often feel left out during conversations. Since I had studied in the Hindi medium till then, I could not understand English,' says Anup Raaj, an alumnus of IIT-B and founder of InstaPreps AI, a confidence-building platform for students, and coaching institute 7Classes.

Hyundai Expects 8-10% H2 Sales Growth, Aims To Outpace PV Industry

Hyundai Expects 8-10% H2 Sales Growth, Aims To Outpace PV Industry

Rediff.com25 Sep 2026

Hyundai Motor India is set to outpace the broader passenger vehicle market, projecting an 8-10 per cent domestic sales growth in H2FY27, fueled by strategic launches of a new mid-size SUV and a dedicated electric vehicle, alongside increased production capacity.

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

Rediff.com16 Sep 2026

India's Consumer Affairs Secretary Nidhi Khare announced that cab aggregators have been ordered to cease advance tipping options, deeming the practice misleading and unfair. This follows the Central Consumer Protection Authority (CCPA) imposing a Rs 10 lakh penalty on Rapido for unfair business practices, including advance tipping and "dark patterns" that pressure users to pay more. Investigations into Uber and Ola are ongoing, with the government emphasizing that tipping should be voluntary and post-ride.

Swedish MP irked over uncle Vikhe Patil, cousin basking in her glory

Swedish MP irked over uncle Vikhe Patil, cousin basking in her glory

Rediff.com24 Sep 2026

Nila Vikhe Patil, recently elected to Sweden's Parliament, has expressed surprise and disapproval over her estranged uncle, Maharashtra minister Radhakrishna Vikhe Patil, and cousin, Sujay Vikhe Patil, attempting to associate themselves with her political achievement. She stated that she has had no contact with them for over a decade and views their actions as an attempt to "piggyback" on her success.

Why Have Major Trade Unions Been Excluded From Minimum Wage Panel?

Why Have Major Trade Unions Been Excluded From Minimum Wage Panel?

Rediff.com14 Sep 2026

'Major unions should be included. If this goes on, decision-making will become heavily one-sided and we will be forced to continue our strikes.'

'After 6 Months, NSE Scrip Will Have 100% Free Float'

'After 6 Months, NSE Scrip Will Have 100% Free Float'

Rediff.com12 Sep 2026

'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Rediff.com23 Sep 2026

Chief Election Commissioner Gyanesh Kumar is facing significant scrutiny after an investigation revealed objections from his fellow election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, regarding decisions made during the Special Intensive Revision of voter lists. The objections, reportedly made at least 14 times, concerned issues like changes to voter registration forms and centralised control over electoral roll databases, intensifying criticism of Kumar's tenure and the EC's impartiality.

From Earning Rs 45 A Day To Directing Gondhal

From Earning Rs 45 A Day To Directing Gondhal

Rediff.com24 Sep 2026

'I used to earn Rs 45 for working 12 hours a day at the age of 14.' 'The situation at home was weak, so that money was very important. I did whatever work I could find.'

Report Highlights Key Challenges For India's AI Growth

Report Highlights Key Challenges For India's AI Growth

Rediff.com19 Aug 2026

A report by policy think tank The Dialogue reveals that India's artificial intelligence (AI) ecosystem is primarily constrained by a shortage of skilled talent and a lack of data standardisation, rather than market concentration. The study, which surveyed 308 stakeholders, found that talent availability and data usability are major concerns, with a significant reliance on open-source AI models.

What is hurting ease of doing business for Indian automakers?

What is hurting ease of doing business for Indian automakers?

Rediff.com13 Jul 2026

Automobile manufacturers are increasingly vocal about the mounting paperwork and delays associated with India's Production-Linked Incentive (PLI) scheme for the automotive sector, arguing that compliance requirements are becoming as challenging as meeting technical eligibility conditions. They are pushing for a simpler, faster, and more predictable certification and compliance framework.

Government Clarifies UPI Merchant Fee Will Not Burden Consumers

Government Clarifies UPI Merchant Fee Will Not Burden Consumers

Rediff.com24 Sep 2026

Government sources clarify that the 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, will not be passed on to consumers. The charge, paid by merchants, aims to create a sustainable revenue framework for the digital payments ecosystem, with funds shared among banks and UPI entities. Small merchants using QR codes for up to Rs 1 lakh monthly are exempt.

BMW India CFO: 'Surprised by scale and length of tax litigation'

BMW India CFO: 'Surprised by scale and length of tax litigation'

Rediff.com7 Aug 2026

BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.

MMA Fighter Varun Sanyal's Unforgettable Asian Games Debut

MMA Fighter Varun Sanyal's Unforgettable Asian Games Debut

Rediff.com22 Sep 2026

Indian MMA fighter Varun Sanyal faced a challenging Asian Games debut, marked by logistical issues and a medical disqualification due to a weight-cutting incident. Despite the setback, Sanyal, an Indian citizen with Singapore PR, shares his journey in MMA, his 'fighting nomad' lifestyle, and his aspirations for Indian fighters.

World leaders ill after attending BRICS Summit? MEA says...

World leaders ill after attending BRICS Summit? MEA says...

Rediff.com18 Sep 2026

The Ministry of External Affairs (MEA) has issued a warning against 'malicious' and 'misleading' social media posts concerning the health of world leaders, specifically Chinese President Xi Jinping and South African President Cyril Ramaphosa, who attended the recent BRICS Summit in New Delhi. The warning comes amidst unverified claims about Xi's health and an official statement from Ramaphosa's office confirming his withdrawal from public engagements due to ill health.

India@80, America@250: Indian diaspora sets Guinness flag record in New York

India@80, America@250: Indian diaspora sets Guinness flag record in New York

Rediff.com16 Aug 2026

Celebrations marking India's 80th Independence Day in the New York tri-state area culminated in a world record, with more than 1,300 US flags surrounded by Indian tricolours arranged to form the number "250", in a tribute to America's semiquincentennial anniversary.

Adani Airport Holdings raises Rs 9,825 crore from global investors for expansion

Adani Airport Holdings raises Rs 9,825 crore from global investors for expansion

Rediff.com10 Sep 2026

Adani Airport Holdings (AAHL) has announced it will raise 9,825 crore through a primary equity infusion from a consortium of global investors, including Alpha Wave Global, Premji Invest, Temasek, and funds managed by BlackRock, who will collectively acquire a 5.54 per cent stake.

Modi, Putin bolster trade, defence, energy ties; discuss Ukraine peace efforts

Modi, Putin bolster trade, defence, energy ties; discuss Ukraine peace efforts

Rediff.com11 Sep 2026

Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.

Some give, some take for Indian automakers in EU FTA

Some give, some take for Indian automakers in EU FTA

Rediff.com21 Sep 2026

India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.

Why Petrol Dealers Oppose UPI Fee

Why Petrol Dealers Oppose UPI Fee

Rediff.com18 Sep 2026

Petrol pump dealers seek exemption from the proposed 5 UPI charge on fuel purchases above 2,000, citing pressure on their margins.

Sonam Wangchuk fears he might be killed in 'encounter'

Sonam Wangchuk fears he might be killed in 'encounter'

Rediff.com25 Sep 2026

Climate activist Sonam Wangchuk has demanded the resignation of Union Home Minister Amit Shah, holding him responsible for the deaths of four people during protests in Leh last year. Speaking on the first anniversary of the violence, Wangchuk expressed fear for his life, alleging threats, and called for the judicial inquiry report into the incident to be made public. He criticised the use of automatic weapons against protesters and questioned the branding of local youth as "anti-national," linking the violence to unfulfilled promises regarding Ladakh's constitutional safeguards.

Next-Gen Golf Star Veer Ganapathy Ready For IGPL Challenge

Next-Gen Golf Star Veer Ganapathy Ready For IGPL Challenge

Rediff.com17 Sep 2026

Veer Ganapathy, son of renowned golfer Rahul Ganapathy, is set to represent Bengaluru Stallions in the AM Green IGPL 2026. The team, also featuring Trishul Chinnappa, Sunhit Bishnoi, and Sudhir Sharma, was unveiled for the second season of India's first franchise-based professional golf league. The IGPL aims to promote golf beyond elite circles and provide exposure to young talent.

Iran won't bow to 'bullying': Pezeshkian's message to US, Israel from Delhi

Iran won't bow to 'bullying': Pezeshkian's message to US, Israel from Delhi

Rediff.com12 Sep 2026

Iranian President Masoud Pezeshkian declared that Iran will not succumb to "bullying" from the US and Israel, vowing to protect national interests amidst escalating West Asian hostilities. During his visit to New Delhi for the BRICS summit, Pezeshkian also discussed strengthening bilateral ties with Prime Minister Narendra Modi and advocated for local currencies in BRICS trade, positioning Iran as a strategic energy and transport partner.