News for 'Business India'

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Rediff.com14 Aug 2026

Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Rediff.com14 Aug 2026

Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.

Nepal's Hindu Rashtra Debate

Nepal's Hindu Rashtra Debate

Rediff.com14 Sep 2026

Nepal's Hindu groups have sought an all-party discussion on restoring Hindu-nation status within three months.

ITR filing for AY27 touches record 7.8 cr

ITR filing for AY27 touches record 7.8 cr

Rediff.com1 Sep 2026

The Income Tax Department announced a record 7.8 crore Income Tax Returns (ITRs) filed for Assessment Year (AY) 2026-27 by August 31, 2026, surpassing the previous year's figures.

The Lawyer Who Quit Her Job To Make Lord Ganeshas

The Lawyer Who Quit Her Job To Make Lord Ganeshas

Rediff.com14 Sep 2026

A third generation murtikar and probably one of the first in her family, Manaswi Bagwe, a self-taught sculptor, is quietly pushing the boundaries of idol-making.

OMCs Lose Rs 5 Per Litre On Petrol, Rs 23 On Diesel

OMCs Lose Rs 5 Per Litre On Petrol, Rs 23 On Diesel

Rediff.com12 Sep 2026

'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'

The Kardashians Love Namrata Karad's Bags

The Kardashians Love Namrata Karad's Bags

Rediff.com3 Sep 2026

Namrata Karad, founder of Ahikoza by BRHAM, opens up about going from working on a Hugo Boss sales floor to seeing her bags carried by Alia Bhatt, Kareena Kapoor, Kylie Jenner, Khloe Kardashian...

India Women squander lead, split points with China in hockey World Cup opener

India Women squander lead, split points with China in hockey World Cup opener

Rediff.com16 Aug 2026

India played an impressive opening match at the Women's Hockey World Cup, securing a 2-2 draw against Olympic silver medallists China, with goals from Navneet Kaur and Deepika.

Why Former Selector Blames Imran Khan for Pakistan's Downfall

Why Former Selector Blames Imran Khan for Pakistan's Downfall

Rediff.com11 Sep 2026

Former chief selector and head coach Haroon Rasheed has attributed the decline of Pakistan cricket to the domestic structure changes implemented by former Prime Minister Imran Khan, who insisted on reducing first-class teams despite recommendations for a hybrid model.

AI And E-Commerce To Drive India's Consumer Economy To $1.9 Trillion By 2030

AI And E-Commerce To Drive India's Consumer Economy To $1.9 Trillion By 2030

Rediff.com4 Aug 2026

A joint report by Deloitte India and FICCI projects India's consumer economy to reach USD 1.9 trillion by 2030. This growth will be fuelled by rapid AI adoption, evolving consumer preferences, and new commerce models like e-commerce and quick commerce. India leads in AI adoption among top countries, with businesses leveraging it for engagement, innovation, and forecasting. The report also highlights the emergence of a new Indian consumer seeking convenience and transparency, and identifies key trends shaping FMCG, retail, and e-commerce sectors.

Putin to brief Modi on Ukraine war at New Delhi summit

Putin to brief Modi on Ukraine war at New Delhi summit

Rediff.com9 Sep 2026

Ahead of President Vladimir Putin's visit to India for the BRICS summit, Russia has expressed support for New Delhi's peace initiatives to resolve the Ukraine conflict. Discussions between Putin and PM Modi will cover defence, energy, technology, and the repatriation of Indian nationals from the Russian military, alongside addressing trade and investment ties.

Fuel-efficiency tool for trucks may be ready by Dec, launch likely in Feb

Fuel-efficiency tool for trucks may be ready by Dec, launch likely in Feb

Rediff.com4 Sep 2026

India is set to launch Bharat Vecto, its first certification tool for assessing the fuel efficiency and CO2 emissions of medium and heavy commercial vehicles, by December, with a full launch targeted for the Bharat Mobility Global Expo in February 2027.

Rahul Gandhi Claims Modi Government Surrendering To US Pressure On UPI Charges

Rahul Gandhi Claims Modi Government Surrendering To US Pressure On UPI Charges

Rediff.com15 Sep 2026

Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.

Congress Questions Government's UPI Fee Notification

Congress Questions Government's UPI Fee Notification

Rediff.com15 Sep 2026

The Congress party has criticised the government's recent notification regarding UPI transactions, alleging it paves the way for users to be charged fees, particularly for transactions above Rs 2,000. The party claims the government lacks transparency and questions if the move is to benefit American firms. The government, however, states that charges are necessary for the system's sustainability and infrastructure upgrades, with the Finance Minister clarifying that Merchant Discount Rate (MDR) applies to merchants, not customers.

'Nobody Looks At Clothes As Waste'

'Nobody Looks At Clothes As Waste'

Rediff.com11 Sep 2026

'You can't be selfish when you're thinking about nature. It has to be good karma.' 'If we prevent textile waste from going to the landfills, it's good karma.'

How Generative AI Will Reshape India's Job Market

How Generative AI Will Reshape India's Job Market

Rediff.com29 Jul 2026

A Goldman Sachs report indicates that up to 12% of India's non-agricultural workforce is at risk of substitution by generative AI, while 42-48% could be complemented. The report highlights uneven impacts across sectors and job types, with IT-enabled services facing higher risk and physical tasks remaining less affected. Gen-AI is projected to boost India's labour productivity growth over the next decade.

Parliamentary Panel Pushes for Swift India-US Bilateral Trade Agreement

Parliamentary Panel Pushes for Swift India-US Bilateral Trade Agreement

Rediff.com7 Aug 2026

A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.

Wars, tariffs test BRICS unity as leaders gather in Delhi

Wars, tariffs test BRICS unity as leaders gather in Delhi

Rediff.com11 Sep 2026

The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.

Sun Pharma sees 27% profit surge in Q1FY27, driven by India and innovative medicines

Sun Pharma sees 27% profit surge in Q1FY27, driven by India and innovative medicines

Rediff.com1 Aug 2026

Sun Pharmaceutical Industries reported a 27 per cent year-on-year increase in consolidated net profit to 2,894.7 crore for Q1FY27, with revenue growing 10 per cent to 15,299.8 crore, driven by strong performance in India and innovative medicines.

Why More Private Invits Are Shifting to Public Listings

Why More Private Invits Are Shifting to Public Listings

Rediff.com7 Sep 2026

At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).

Who Will Succeed Sashidhar Jagdishan At HDFC?

Who Will Succeed Sashidhar Jagdishan At HDFC?

Rediff.com8 Sep 2026

Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.

India Inc navigates West Asia conflict: Rising costs, price hikes, and margin pressures

India Inc navigates West Asia conflict: Rising costs, price hikes, and margin pressures

Rediff.com18 Aug 2026

India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.

How UPI Integration In Uzbekistan Benefits Indian Travellers

How UPI Integration In Uzbekistan Benefits Indian Travellers

Rediff.com31 Aug 2026

NPCI International and Uzbekistan's NIPC have partnered to enable UPI payments across Uzbekistan, allowing Indian tourists, business travellers, and students to make instant merchant payments using the UZQR code. This agreement, approved by RBI and CBU, integrates UPI with Uzbekistan's national payment system, HUMO, facilitating direct P2M payments from Indian bank accounts and reducing reliance on foreign exchange or international cards.

Fortis Healthcare moves Supreme Court against Delhi HC forensic audit order

Fortis Healthcare moves Supreme Court against Delhi HC forensic audit order

Rediff.com17 Sep 2026

Hospital chain Fortis Healthcare has filed a special leave petition in the Supreme Court against a Delhi High Court order directing a forensic audit into the alleged erosion of assets by its former promoters, Malvinder and Shivinder Singh, during enforcement proceedings initiated by Japanese drugmaker Daiichi Sankyo.

Shubman Gill: Why India Prioritises Player Fitness Over Risk in Test Cricket

Shubman Gill: Why India Prioritises Player Fitness Over Risk in Test Cricket

Rediff.com14 Aug 2026

India skipper Shubman Gill has shed light on the team's meticulous approach to player fitness, explaining that while constant monitoring is in place, risk-avoiding decisions are sometimes necessary, especially in the demanding format of Test cricket, to protect both the player and the team's long-term interests.

Tata Motors PV: Margin Pressures May Dampen Strong Volume Growth

Tata Motors PV: Margin Pressures May Dampen Strong Volume Growth

Rediff.com22 Aug 2026

Tata Motors Passenger Vehicles (TMPV) reported Q1FY27 results showing significant margin pressures at both Jaguar Land Rover (JLR) and its domestic operations, despite strong volume growth in the India business. Analysts expect these margin headwinds to persist, potentially offsetting gains from increased sales and new launches.

Microsoft's Hyderabad Data Centre Goes Live, Bolstering India's AI Ambitions

Microsoft's Hyderabad Data Centre Goes Live, Bolstering India's AI Ambitions

Rediff.com7 Aug 2026

Microsoft has announced the activation of its latest data centre in Hyderabad, significantly expanding its Cloud infrastructure in India and enabling organisations to leverage AI-era services with enhanced local choice and security.

Arshdeep Singh ready for Test cricket despite fewer first-class games

Arshdeep Singh ready for Test cricket despite fewer first-class games

Rediff.com10 Sep 2026

Indian pacer Arshdeep Singh discusses his aspirations for Test cricket, acknowledging his limited first-class appearances but asserting his readiness. He highlights the importance of understanding body mechanics, managing workload, and adapting to various pitch conditions. Arshdeep also touches upon the strong contingent of Punjab players in Indian cricket and his preparations for upcoming international assignments like the T20I series against Afghanistan and the Asian Games.

El Nino Revives India's Water Disputes

El Nino Revives India's Water Disputes

Rediff.com13 Aug 2026

Change of guard in some states and evolving El Nino dynamics are triggering fresh actions on raging water-sharing disputes in several states.

Govt Amends E-commerce Rules to Boost Transparency, Curb Manipulation

Govt Amends E-commerce Rules to Boost Transparency, Curb Manipulation

Rediff.com10 Sep 2026

The Indian government has amended its e-commerce rules to enhance price transparency, prevent manipulation of search results, mandate clear disclosure of sponsored listings, and combat 'dark patterns' to protect consumers.

US Senate passes Russia sanctions bill with 100% tariff on India, 4 others

US Senate passes Russia sanctions bill with 100% tariff on India, 4 others

Rediff.com8 Aug 2026

The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.

AI Is Changing Work, Not Cutting Jobs

AI Is Changing Work, Not Cutting Jobs

Rediff.com4 Sep 2026

'It requires new skilling, new ways of working, and new structures. That's the reality.'

Why Tata Trusts Can't Oppose Chandra's Third Term

Why Tata Trusts Can't Oppose Chandra's Third Term

Rediff.com18 Sep 2026

N Chandrasekaran's letter of not seeking a third term was written to Tata Sons directors (including to Noel Tata as a nominee director) and, therefore, Tata Trusts did not have a locus standi on accepting or rejecting that letter.

Infosys arm chief Lax Gopisetty missing in Nepal flash-floods

Infosys arm chief Lax Gopisetty missing in Nepal flash-floods

Rediff.com29 Aug 2026

Infosys has confirmed that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is unreachable following devastating floods in Nepal. Gopisetty was visiting the region personally, and Infosys is working with agencies and his family to ensure his safety. The Ministry of External Affairs also reported hundreds of Indians missing or stranded due to the floods, with India offering assistance to Nepal.

Congress Alleges Modi Govt Paving Way For UPI Fees, Surrendering To US Pressure

Congress Alleges Modi Govt Paving Way For UPI Fees, Surrendering To US Pressure

Rediff.com15 Sep 2026

The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."

EV manufacturers seek deadline extension for eDRIVE localisation norms

EV manufacturers seek deadline extension for eDRIVE localisation norms

Rediff.com1 Sep 2026

Electric commercial vehicle manufacturers in India are struggling to meet localisation requirements under the PM eDRIVE scheme, set to begin on Tuesday. The Society of Indian Automobile Manufacturers (Siam) has requested a seven-month extension until April 1, 2027, citing disruptions in the supply of rare earth magnets due to China's export restrictions and geopolitical tensions. The government is yet to decide on the request, which aims to prevent production disruptions and allow time for local supply chain development.

Why Tata Must Put The Group Before Individuals

Why Tata Must Put The Group Before Individuals

Rediff.com31 Aug 2026

Corporate leaders' half-life has shrunk over the past few decades. That is the Tata experience as well. Over 144 years till 2012, Tata Sons had just five chairmen. However, in the 15 years till 2027, the same group will see three, points out R Gopalakrishnan.

Why I Refuse To Romanticise The 1980s

Why I Refuse To Romanticise The 1980s

Rediff.com14 Sep 2026

Some decades are worth remembering exactly as they were, unfiltered, because that's the only way the people who survived them get to be seen at all, points out Binu Alex.

Congress Labels New UPI Charges As 'Modi Tax', Alleges US Pressure

Congress Labels New UPI Charges As 'Modi Tax', Alleges US Pressure

Rediff.com15 Sep 2026

The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.

Irdai's crackdown on insurer operating costs signals stricter compliance

Irdai's crackdown on insurer operating costs signals stricter compliance

Rediff.com24 Aug 2026

The Insurance Regulatory and Development Authority of India's (Irdai) recent actions against insurers for breaching expense of management (EoM) limits indicate a serious commitment to enforcing operating and distribution cost controls, according to industry experts.