News for 'Business World'

Matthew Hayden: ETPL's future lies in developing Europe's next cricket stars

Matthew Hayden: ETPL's future lies in developing Europe's next cricket stars

Rediff.com4 Jul 2026

Matthew Hayden says the European T20 Premier League can establish itself as a talent-development platform for Europe's associate nations, stressing that ETPL's strength lies in creating pathways to global franchise cricket rather than competing with the IPL.

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.

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

Rediff.com25 Jun 2026

Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.

Sanju Samson dropped for Zimbabwe T20I series; Prabhsimran Singh called up

Sanju Samson dropped for Zimbabwe T20I series; Prabhsimran Singh called up

Rediff.com7 Jul 2026

Sanju Samson has been dropped from the Indian T20I squad for the upcoming series against Zimbabwe, making way for Punjab Kings' wicketkeeper-batter Prabhsimran Singh.

India to supply BrahMos, Astra missiles to Indonesia; backs Indo-Pacific peace

India to supply BrahMos, Astra missiles to Indonesia; backs Indo-Pacific peace

Rediff.com7 Jul 2026

Prime Minister Narendra Modi and Indonesian President Prabowo Subianto have significantly advanced the India-Indonesia Comprehensive Strategic Partnership, securing crucial agreements on defence, critical minerals, and maritime security, including BrahMos missile supply and Sabang port development.

Gulf Crisis: How India Avoided Economic Turmoil

Gulf Crisis: How India Avoided Economic Turmoil

Rediff.com7 Jul 2026

Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.

Rupee Exchange Rate Is Not Just A Number

Rupee Exchange Rate Is Not Just A Number

Rediff.com6 Jul 2026

If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

Who is cricket's Federer? Sanju Samson has an answer

Who is cricket's Federer? Sanju Samson has an answer

Rediff.com22 Jun 2026

India wicketkeeper-batter Sanju Samson drew parallels between cricket and tennis legends, comparing MS Dhoni to Roger Federer and Virat Kohli to Carlos Alcaraz. He also reflected on India's recent T20 World Cup victory, crediting the women's team for inspiring the men, and discussed the challenge posed by Australia. Former tennis player Rohan Bopanna shared his Wimbledon predictions and memories.

Wipro Boosts Enterprise AI With New Applied AI Centre

Wipro Boosts Enterprise AI With New Applied AI Centre

Rediff.com16 Jun 2026

IT services giant Wipro has launched an Applied AI Centre of Excellence (CoE) in Bengaluru, focusing on Anthropic's Claude models. This initiative aims to accelerate enterprise AI adoption, train 10,000 experts, and integrate AI into core business workflows and Wipro's internal operations.

Djokovic prevails in longest Wimbledon quarter-final; sets up Sinner clash

Djokovic prevails in longest Wimbledon quarter-final; sets up Sinner clash

Rediff.com8 Jul 2026

Novak Djokovic defeated Felix Auger-Aliassime in a five-set thriller lasting over five hours to reach his eighth consecutive Wimbledon semi-final, setting a new record.

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Rediff.com4 Jul 2026

'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'

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.'

Vedanta Aluminium Metal set to be top performer post-demerger

Vedanta Aluminium Metal set to be top performer post-demerger

Rediff.com24 Jun 2026

The demerger of Vedanta's four new entities - Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel - has led to a 16% appreciation in aggregated market capitalisation, with Vedanta Aluminium Metal identified as a likely near-term top performer due to its scale, low production costs, and favourable commodities cycle.

AI to Reshape IT Services Sector, Says Report

AI to Reshape IT Services Sector, Says Report

Rediff.com25 Feb 2026

A Jefferies report warns that the IT services sector is set for a structural shift due to AI, requiring talent and operating model overhauls and increasing cyclicality.

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.

Sinner, Djokovic Advance To Second Round At Wimbledon

Sinner, Djokovic Advance To Second Round At Wimbledon

Rediff.com30 Jun 2026

World number one Jannik Sinner survived an early scare in his Wimbledon title defence but the Italian shook off the rust and fought past Serb Miomir Kecmanovic 4-6, 6-3, 6-7(6), 6-2, 6-3 on Monday to reach the second round.

Jamco Interiors Establishes New Engineering Hub In Pune

Jamco Interiors Establishes New Engineering Hub In Pune

Rediff.com22 Jun 2026

Jamco Interiors, a global supplier of aircraft cabin systems, has opened a Centre of Excellence (COE) in Pune. This strategic move aims to meet the increasing demand for advanced cabin interiors in India's rapidly growing commercial aviation market and leverage local engineering talent for global aerospace programmes.

Jio Platforms set for mega IPO of 27 crore equity shares; eyes 5G, AI expansion

Jio Platforms set for mega IPO of 27 crore equity shares; eyes 5G, AI expansion

Rediff.com19 Jun 2026

Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.

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.

Women's T20 WC: Can India fix middle-order woes, fielding lapses?

Women's T20 WC: Can India fix middle-order woes, fielding lapses?

Rediff.com24 Jun 2026

The Indian women's cricket team is set to face Bangladesh in a critical T20 World Cup Group A match, aiming to address persistent middle-order batting struggles and fielding lapses. While openers Smriti Mandhana and Shafali Verma have provided strong starts, the inability of the middle order to capitalise has put pressure on the lower order. India, currently second in their group, needs a strong performance to solidify their semi-final chances, especially after a recent loss to South Africa highlighted their vulnerabilities.

Kunal Shah steps down as CRED CEO to lead WhatsApp; Meta invests Rs 8,550 crore in fintech platform

Kunal Shah steps down as CRED CEO to lead WhatsApp; Meta invests Rs 8,550 crore in fintech platform

Rediff.com22 Jun 2026

Fintech platform CRED announced a significant funding round of Rs 8,550 crore led by Meta, coinciding with founder Kunal Shah's departure as CEO to take on the global leadership role for WhatsApp.

Neena Kulkarni: 'Vijaya Bai Taught Us The Magic Moments Of Acting'

Neena Kulkarni: 'Vijaya Bai Taught Us The Magic Moments Of Acting'

Rediff.com9 Jul 2026

'She taught us that acting wasn't something people did because they couldn't do anything else. It was a skill. A skill that needed to be constantly polished and shaped, and the respect you command with that.'

GST @ 10: Focus Shifts To AI-Led Compliance, Faster Refunds, Simpler Tax

GST @ 10: Focus Shifts To AI-Led Compliance, Faster Refunds, Simpler Tax

Rediff.com28 Jun 2026

As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.

Jio Platforms board approves IPO for 27 crore share sale, DRHP to be filed today

Jio Platforms board approves IPO for 27 crore share sale, DRHP to be filed today

Rediff.com19 Jun 2026

Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.

L'Oreal signs agreement to acquire majority stake in D2C firm Innovist

L'Oreal signs agreement to acquire majority stake in D2C firm Innovist

Rediff.com19 Jun 2026

L'Oral has announced its acquisition of a majority stake in Innovist, an Indian direct-to-consumer (D2C) personal care company, marking a significant expansion in India's rapidly growing beauty industry.

India must focus on long-term growth, not short-term challenges: Citi CEO

India must focus on long-term growth, not short-term challenges: Citi CEO

Rediff.com12 Jun 2026

Despite current headwinds, India remains the world's fastest-growing major economy and should not allow near-term challenges to obscure its long-term growth potential, said Jane Fraser, Citi Chair and Chief Executive Officer.

Indian Women's Hockey Team Eyes Undefeated Pool Run Against Uruguay

Indian Women's Hockey Team Eyes Undefeated Pool Run Against Uruguay

Rediff.com17 Jun 2026

The Indian women's hockey team, having already secured a semifinal spot in the FIH Nations Cup, is set to face lower-ranked Uruguay in their final pool match. India aims to maintain their undefeated record and bolster confidence, especially as winning this tournament is crucial for their return to the elite FIH Pro League after being relegated last season. Coach Sjoerd Marijne hopes for improved field goal conversions and may experiment with combinations ahead of the World Cup and Asian Games.

Inside GSB Cuisine Queen Komal Prabhu's Kitchen

Inside GSB Cuisine Queen Komal Prabhu's Kitchen

Rediff.com29 Jun 2026

Discover the inspiring journey of Komal Prabhu, called the Queen of GSB Cuisine, that saw her switch professions -- a Bharata Natyam dancer became a celebrated chef devoted to preserving traditional Gaud Saraswat Brahmin food traditions.

RIL to build Meta's first AI data centre in India

RIL to build Meta's first AI data centre in India

Rediff.com11 Jun 2026

Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.

Does Hrithik Roshan Want To Go To Hollywood?

Does Hrithik Roshan Want To Go To Hollywood?

Rediff.com13 Jun 2026

Hrithik Roshan is making a significant move towards Hollywood, having signed up with the prestigious global talent agency Anonymous Content to explore international acting opportunities.

'India Has Enough Oil And Gas Beneath The Soil'

'India Has Enough Oil And Gas Beneath The Soil'

Rediff.com13 Jun 2026

'Exploration should be made easier and companies should be given operational flexibility.'

Ireland pacer Jai Moondra's unconventional path to international cricket stardom

Ireland pacer Jai Moondra's unconventional path to international cricket stardom

Rediff.com27 Jun 2026

Jai Moondra, a left-arm medium pacer from Rajasthan, made a dream international debut for Ireland, taking a wicket with his first ball against India. His journey is remarkable, having left a secure corporate job at Intel after pursuing an MTech in Dublin to chase his cricketing dream, culminating in a historic victory for Ireland.

Mukesh Ambani Calls On Engineers To Build AI For India

Mukesh Ambani Calls On Engineers To Build AI For India

Rediff.com19 Jun 2026

Mukesh Ambani, Chairman of Reliance Industries, has called upon India's engineering talent to spearhead Jio's ambitious artificial intelligence initiative. He emphasized India's role as a creator and global leader in AI, not just a consumer, outlining the execution phase of Reliance Intelligence with partnerships and a focus on developing affordable, language-fluent AI for all Indians.

'Gulf War Has Been The Worst Crisis For Indians'

'Gulf War Has Been The Worst Crisis For Indians'

Rediff.com20 Jun 2026

'It will take a long time to recover from the impact of this war.'

'What Happened With Anthropic Is A Wake-Up Call'

'What Happened With Anthropic Is A Wake-Up Call'

Rediff.com24 Jun 2026

'It shows that access to these technologies cannot be taken for granted.'

Twist in Pune fort death: Fiancee, male friend held for realtor's fatal fall

Twist in Pune fort death: Fiancee, male friend held for realtor's fatal fall

Rediff.com24 Jun 2026

Police in Pune have detained the fiancee and a male friend of trekker Ketan Vishal Agarwal, who was initially believed to have died in an accidental fall at Lohagad fort. The case is now being investigated as a murder, with allegations that the two suspects pushed Agarwal into a deep gorge.

Adani Group And Embraer Choose Dholera For Regional Jet Assembly

Adani Group And Embraer Choose Dholera For Regional Jet Assembly

Rediff.com16 Jun 2026

Adani Group and Brazilian aerospace firm Embraer have selected Dholera, Gujarat, as the location for a final assembly line for Embraer's regional jets. This strategic collaboration, formalised by an MoU in January, aims to boost India's Regional Transport Aircraft programme and align with the Aatmanirbhar Bharat initiative and UDAN scheme. Embraer sees immense potential in the Indian market across various aviation segments.

Hezbollah rejects Israel-Lebanon truce, vows to fight

Hezbollah rejects Israel-Lebanon truce, vows to fight

Rediff.com28 Jun 2026

In a statement issued following the announcement of the US-mediated deal, Qassem characterised the agreement as a 'humiliating' and 'shameful' surrender of Lebanese sovereignty that prioritises Israeli and American dictates over the nation's independence.

'Small-Caps Represent Best Opportunity In India'

'Small-Caps Represent Best Opportunity In India'

Rediff.com16 Jun 2026

'The real money in India over the coming period is likely to be made in small-cap stocks rather than in the large-cap benchmark names.'

Manika Batra Demands Answers, Threatens Legal Action Over Asian Games Snub

Manika Batra Demands Answers, Threatens Legal Action Over Asian Games Snub

Rediff.com24 Jun 2026

Indian table tennis star Manika Batra has threatened legal action against the Table Tennis Federation of India (TTFI) if she is not provided a 'factual explanation' for her omission from the Asian Games squad.