News for 'Business India'

We may apply for universal banking licence within a year

"We may apply for universal banking licence within a year"

Rediff.com13 Aug 2026

Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.

BJP slams Congress's 'double standards' for disrupting Parliament

BJP slams Congress's 'double standards' for disrupting Parliament

Rediff.com4 Aug 2026

The BJP has accused the Congress and its INDIA bloc allies of deliberately disrupting the Monsoon Session of Parliament, alleging that their conduct has prevented discussions on key Bills and exposed the Opposition's 'double standards' on issues such as paper leaks and student protests.

Ankur Bhattacharjee, Yashaswini Ghorpade Crowned Commonwealth TT Champs

Ankur Bhattacharjee, Yashaswini Ghorpade Crowned Commonwealth TT Champs

Rediff.com3 Aug 2026

Ankur Bhattacharjee and Yashaswini Ghorpade secured the men's and women's singles titles, respectively, at the 22nd Commonwealth Table Tennis Championships, contributing to India's near-total dominance with all but one gold medal.

How India Is Becoming A Global Leader In Enterprise AI Adoption

How India Is Becoming A Global Leader In Enterprise AI Adoption

Rediff.com12 Jun 2026

A SAP study reveals that Indian enterprises are rapidly moving from AI experimentation to value-driven implementation, positioning India as a global leader in enterprise AI adoption. Indian organisations plan significant investments in AI, with projected fivefold growth in Agentic AI returns and a high percentage of businesses having defined AI strategies and dedicated AI leaders.

IHCL's Q1 net profit up 20% despite West Asia tensions impacting international travel

IHCL's Q1 net profit up 20% despite West Asia tensions impacting international travel

Rediff.com22 Jul 2026

Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.

Directing A Story That India Needs To Know

Directing A Story That India Needs To Know

Rediff.com1 Jul 2026

'You can't put an an arm around Naseer sir and say, "sir, ek aur take karte hain". You got to be clear why you want it.'

Heroin-smuggling drone bound for India crashes in Pakistan's Punjab

Heroin-smuggling drone bound for India crashes in Pakistan's Punjab

Rediff.com30 Jun 2026

A drone carrying 5 kg of heroin, allegedly being smuggled to India, crashed in Pakistan's Narang Mandi area, close to the India-Pakistan border. Police have seized the drone and the contraband, initiating an investigation into the incident.

Strong Q1 for Eternal, market share gains likely for Blinkit

Strong Q1 for Eternal, market share gains likely for Blinkit

Rediff.com31 Jul 2026

Eternal's quick commerce platform, Blinkit, significantly outperformed in Q1 FY27, with net order value (NOV) rising 19.1 per cent quarter-on-quarter, indicating strong market share gains driven by increased monthly transacting users and transaction frequency.

ODI cricket's future hinges on this major ICC plan

ODI cricket's future hinges on this major ICC plan

Rediff.com12 Aug 2026

The era of 'randomly' scheduling bilateral series is over, but the ODI format can continue to survive and thrive with its place 'inextricably' linked to the World Cup, said ICC CEO Sanjog Gupta in an interview to PTI.

A Neighbour Like No Other And Her Chole Recipe

A Neighbour Like No Other And Her Chole Recipe

Rediff.com8 Aug 2026

My doctor neighbour makes the best Chole -- not too spicy, not too thick, tangy and delicious.

West Asia conflict weighs heavily on India's startup funding, causing a 43% drop

West Asia conflict weighs heavily on India's startup funding, causing a 43% drop

Rediff.com30 Jun 2026

Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.

FDA Cracks Down On Mumbai Clubs For Food Safety Violations

FDA Cracks Down On Mumbai Clubs For Food Safety Violations

Rediff.com28 Jul 2026

The Maharashtra FDA has suspended the food business licences of five prominent Mumbai clubs, including the Cricket Club of India (CCI) and MIG Cricket Club, due to severe violations of food safety and hygiene norms, such as unsanitary kitchens, pest infestations, improper food handling, and unauthorised catering operations.

'India call-up fulfilment of his dream': Yash Thakur's emotional tribute to late father

'India call-up fulfilment of his dream': Yash Thakur's emotional tribute to late father

Rediff.com7 Jul 2026

Vidarbha pacer Yash Thakur, 27, has received his maiden India call-up for the upcoming T20 International tour of Zimbabwe, a dream he shared with his late father.

AI Reshapes IT Campus Hiring

AI Reshapes IT Campus Hiring

Rediff.com30 Jul 2026

'Hiring within IT services firms is going to be very specialised.'

RBI allows banks to link bulk deposit rates to liquidity profile

RBI allows banks to link bulk deposit rates to liquidity profile

Rediff.com31 Jul 2026

The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.

How Paytm's AI And App Simplification Are Fueling UPI Growth And Attracting Gen Z

How Paytm's AI And App Simplification Are Fueling UPI Growth And Attracting Gen Z

Rediff.com23 Jul 2026

Mobile payments pioneer Paytm reported significant growth in its UPI payments business for Q1 FY27, driven by app simplification, AI investments, and a focus on attracting Gen Z customers. The company saw a 45% year-on-year increase in Consumer UPI Gross Transaction Value and a rise of 60 lakh in Monthly Transacting Users, outpacing the industry. Paytm's strategy prioritises customer retention and product innovation, leading to a profitable quarter with strong revenue and EBITDA growth, further supported by AI-led operational efficiencies and an India-focused language model.

3 Big Lessons From Main Vaapas Aaunga

3 Big Lessons From Main Vaapas Aaunga

Rediff.com1 Aug 2026

'Making a film -- good or bad -- is extremely hard work, involving hundreds of people and at least two years from idea to release. When the audience rejects it, it is known to push makers into depression. And then there is the danger of theatres stopping the screenings after week one if footfalls don't improve.'

Amit Shah ordered use of force against students, he must quit: Dipke

Amit Shah ordered use of force against students, he must quit: Dipke

Rediff.com30 Jul 2026

Cockroach Janta Party (CJP) founder Abhijeet Dipke has demanded Union Home Minister Amit Shah's resignation, alleging that orders to use force against students during the July 20 "Sansad Chalo" march over the NEET exam paper leak must have come from Shah himself. Dipke also criticised the appointment of Pralhad Joshi as the new Education Minister and dismissed Yoga guru Ramdev's comments on Gen Z.

Why China's Bangladesh Push Should Worry India

Why China's Bangladesh Push Should Worry India

Rediff.com30 Jun 2026

Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.

Why Bank Frauds Keep Rising

Why Bank Frauds Keep Rising

Rediff.com7 Aug 2026

'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'

Why RBI Asked EPFO To Upgrade Its Investment System

Why RBI Asked EPFO To Upgrade Its Investment System

Rediff.com30 Jul 2026

India's largest retirement fund manager, the Employees' Provident Fund Organisation (EPFO), is enhancing its investment governance and fund management practices, following the Reserve Bank of India's recommendations.

US Court Dismisses Adani Criminal Case; Gautam Adani Says 'Truth Prevailed'

US Court Dismisses Adani Criminal Case; Gautam Adani Says 'Truth Prevailed'

Rediff.com11 Aug 2026

A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.

How China, US Crack Down on Paper Leaks

How China, US Crack Down on Paper Leaks

Rediff.com30 Jul 2026

Beyond imprisonment, candidates caught cheating face cancellation of examination scores, blacklisting under China's social credit system and multi-year bans from appearing in state examinations.

RIL beats estimates with record quarterly EBITDA; YoY profit falls

RIL beats estimates with record quarterly EBITDA; YoY profit falls

Rediff.com17 Jul 2026

Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.

NITI Aayog Member Gauba Outlines Sweeping Deregulation to Boost Ease of Doing Business

NITI Aayog Member Gauba Outlines Sweeping Deregulation to Boost Ease of Doing Business

Rediff.com13 May 2026

NITI Aayog Member Rajiv Gauba has detailed an extensive deregulation agenda, moving India towards a 'permitted unless prohibited' principle to dismantle new forms of the Licence Raj and clear 'regulatory cholesterol' for businesses.

25 Year Old Building India's Spaceplane

25 Year Old Building India's Spaceplane

Rediff.com13 Jul 2026

'ISRO is planning to build a Bharatiya Antariksh Station by 2030. So, our goal is to create a vehicle that can supply modules to the Bharatiya Antariksh Station and bring the products back.'

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Rediff.com3 Aug 2026

Several Indian real estate companies, including BPTP Ltd and Smartworld Developers, are rethinking or shelving their initial public offering (IPO) plans, which were expected to raise around 15,000 crore, due to weaker housing demand, higher costs, and a more cautious investment climate.

Dr Reddy's Labs plunges 69% to Rs 443 crore, hit by lenalidomide exit and semaglutide issues

Dr Reddy's Labs plunges 69% to Rs 443 crore, hit by lenalidomide exit and semaglutide issues

Rediff.com23 Jul 2026

Dr Reddy's Laboratories reported a 68.7 per cent year-on-year decline in consolidated net profit to Rs 443.5 crore in Q1 FY27, primarily due to the end of its lenalidomide sales agreement, a Rs 240-crore provision for semaglutide API inventory quality issues, and elevated freight costs.

RIL shares jump as Jio Platforms files for India's largest IPO

RIL shares jump as Jio Platforms files for India's largest IPO

Rediff.com22 Jun 2026

Shares of Reliance Industries climbed nearly 3 per cent after its digital unit, Jio Platforms, filed draft papers for what could become India's largest-ever initial public offering, with the offering potentially raising around Rs 37,700 crore (USD 4 billion).

Chhetri's Anguish: Jamshedpur FC's ISL Exit A 'Punch In The Gut'

Chhetri's Anguish: Jamshedpur FC's ISL Exit A 'Punch In The Gut'

Rediff.com2 Aug 2026

Indian football legend Sunil Chhetri has voiced his deep disappointment over Jamshedpur FC's decision to withdraw from the upcoming Indian Super League season. Describing the move as "a punch in the gut," Chhetri urged the Tata Group, owners of the club, to reconsider, highlighting their crucial role in Indian football development. The club's withdrawal, influenced by a new AIFF administrative fee, means the ISL will proceed with 13 teams.

Where Are India's Rich Investing Money?

Where Are India's Rich Investing Money?

Rediff.com18 Jun 2026

As the rupee weakens, wealthy families are accelerating investments in global assets.

'Focus On Things That Are In My Control': How Shubman Gill Handles Pressure

'Focus On Things That Are In My Control': How Shubman Gill Handles Pressure

Rediff.com19 Jul 2026

Indian cricket captain Shubman Gill shared his approach to handling pressure, focusing on controllable factors and avoiding external influences.

'US Thought They Could Pressurise India'

'US Thought They Could Pressurise India'

Rediff.com29 Jun 2026

'They talked bad about our leaders. They said India was a dead economy. They were not sensitive to the Indian psyche.'

HC bars 4 lawyers from Lucknow courts, orders IB probe into alleged assault

HC bars 4 lawyers from Lucknow courts, orders IB probe into alleged assault

Rediff.com30 Jul 2026

The Allahabad High Court has barred four advocates from entering any court premises in Lucknow and ordered a confidential inquiry by the Intelligence Bureau (IB) into their background and activities following an alleged assault on a litigant and Delhi lawyers.

'India Is At The Tipping Point...'

'India Is At The Tipping Point...'

Rediff.com13 Jun 2026

'...when it is going to start witnessing a hockey stick growth in terms of music streaming and paid music streaming.'

Lord's Test a very big moment for India women's team: Harmanpreet

Lord's Test a very big moment for India women's team: Harmanpreet

Rediff.com9 Jul 2026

India captain Harmanpreet Kaur believes a victory in the historic Lord's Test against England would be a 'very big moment' for her side, helping them regain confidence after their T20 World Cup exit and marking a landmark achievement in women's cricket.

HDFC Bank Board Imposes Rs 1 Lakh Penalty on MD, CFO in MSRDC Case

HDFC Bank Board Imposes Rs 1 Lakh Penalty on MD, CFO in MSRDC Case

Rediff.com27 Jul 2026

HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.

Most Agriculture Ministers Hated Varghese Kurien

Most Agriculture Ministers Hated Varghese Kurien

Rediff.com18 Jul 2026

At a function in Anand, ministers and the chief minister all in attendance, Varghese Kurien called the IAS lobby termites.

Infosys Q1 Net Profit Up 12.2%, Lowers Full-Year Revenue Growth Forecast

Infosys Q1 Net Profit Up 12.2%, Lowers Full-Year Revenue Growth Forecast

Rediff.com23 Jul 2026

Infosys reported a 12.2 per cent year-on-year increase in consolidated net profit for the June quarter, reaching Rs 7,769 crore, but simultaneously lowered its full-year FY27 revenue growth outlook to 1.5-3 per cent, citing an uncertain macro-environment.

35 Years On, SC Quashes FERA Case Against Standard Chartered Bank

35 Years On, SC Quashes FERA Case Against Standard Chartered Bank

Rediff.com22 Jul 2026

The Supreme Court of India has quashed criminal proceedings against Standard Chartered Bank and one of its officers in a 1991-92 Foreign Exchange Regulation Act (FERA) case, citing an extraordinary 23-year delay in prosecution and the Enforcement Directorate's failure to comply with mandatory procedural safeguards.