News for 'Customs'

CBIC Removes Rs 10 Lakh Cap on Courier Exports, Streamlines E-commerce Shipments

CBIC Removes Rs 10 Lakh Cap on Courier Exports, Streamlines E-commerce Shipments

Rediff.com1 Apr 2026

The Central Board of Indirect Taxes and Customs (CBIC) has eliminated the Rs 10 lakh value cap per consignment for courier-based commercial exports, effective April 1, aiming to significantly boost e-commerce shipments, particularly for MSMEs and artisans.

'Let's Think Of Around 15% Returns Over 12 Months'

'Let's Think Of Around 15% Returns Over 12 Months'

Rediff.com14 Apr 2026

'The March correction was clearly due to the war and with prospects of that coming to a conclusion, there is a natural rally.'

Hyderabad Police Arrest Two in MDMA Drug Trafficking Operation

Hyderabad Police Arrest Two in MDMA Drug Trafficking Operation

Rediff.com2 Apr 2026

Two men were arrested in Hyderabad for allegedly selling MDMA. Police seized 25.65 grams of the narcotic substance. The investigation revealed the accused were selling MDMA to make easy money, supplied by two individuals who procured the drug from Himachal Pradesh.

Silver lining to India's ageing truck fleet

Silver lining to India's ageing truck fleet

Rediff.com14 Apr 2026

India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.

KV Kamath Emphasises AI Application and Education Reform for India's Future

KV Kamath Emphasises AI Application and Education Reform for India's Future

Rediff.com9 Apr 2026

Veteran banker K V Kamath stresses the importance of reskilling and education reforms to leverage artificial intelligence (AI) in India, advocating for practical applications over expensive foundational models.

RBI introduces new business correspondent norms to expand banking access

RBI introduces new business correspondent norms to expand banking access

Rediff.com7 Apr 2026

The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.

Couple Banned from UK Companies for Breaching Disqualification Order

Couple Banned from UK Companies for Breaching Disqualification Order

Rediff.com5 Apr 2026

An Indian-origin couple in the UK has been sentenced for breaching a disqualification order, operating companies despite a ban imposed after tax fraud claims.

Multi-City Air Ticket Scam Busted: Mastermind Arrested

Multi-City Air Ticket Scam Busted: Mastermind Arrested

Rediff.com9 Apr 2026

Four individuals have been arrested for allegedly running a sophisticated cyber fraud operation, duping people with fake discounted air tickets across multiple cities. Police recovered a substantial amount of cash and luxury items from the accused.

AI-Driven Productivity Gains Reshape Tech Hiring and Cause Job Insecurity

AI-Driven Productivity Gains Reshape Tech Hiring and Cause Job Insecurity

Rediff.com6 Apr 2026

TeamLease Digital CEO Neeti Sharma discusses how AI is driving a structural reset in the tech industry, leading to layoffs, reshaping hiring practices, and increasing job insecurity.

ICICI Bank Hit with 768.6 Crore GST Demand Notice

ICICI Bank Hit with 768.6 Crore GST Demand Notice

Rediff.com19 Mar 2026

ICICI Bank has received a demand notice of 768.6 crore from tax authorities for alleged short payment of GST, related to services provided to customers maintaining minimum balances.

Gulf War: Stocks That Tanked The Most

Gulf War: Stocks That Tanked The Most

Rediff.com14 Apr 2026

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.

DRI Busts International Gold Smuggling Syndicate at Bengaluru Airport

DRI Busts International Gold Smuggling Syndicate at Bengaluru Airport

Rediff.com8 Apr 2026

The Directorate of Revenue Intelligence (DRI) has dismantled a major international gold smuggling syndicate operating through Kempegowda International Airport in Bengaluru, arresting five individuals and seizing a significant quantity of gold.

Govt doubles daily quota of 5kg LPG cylinders for migrant workers

Govt doubles daily quota of 5kg LPG cylinders for migrant workers

Rediff.com7 Apr 2026

The Indian government has doubled the daily quota of market-priced 5-kg LPG cylinders for migrant workers to ensure stable fuel supplies amidst global disruptions. This move prioritises household cooking gas and addresses the needs of migrant workers who often lack regular connections.

Oscars: Isha Ambani's Edgy After Party Look!

Oscars: Isha Ambani's Edgy After Party Look!

Rediff.com17 Mar 2026

Isha Ambani chose a custom creation by Swadesh in collaboration with Turkish designer Dilara Findikoglu for the Vanity Fair Oscars After Party.

Nykaa Q4 revenue growth likely to be highest in 3 yrs

Nykaa Q4 revenue growth likely to be highest in 3 yrs

Rediff.com7 Apr 2026

FSN E-Commerce Ventures, the parent company of Nykaa, anticipates its consolidated net revenue for Q4 FY26 to achieve high 20 per cent year-on-year growth, marking its strongest performance in 12 quarters, fueled by accelerated growth in both its fashion and beauty verticals.

Modi, Yogi, Akhilesh Attend Rajat Sharma's Daughter's Wedding

Modi, Yogi, Akhilesh Attend Rajat Sharma's Daughter's Wedding

Rediff.com6 Apr 2026

Journalist Rajat Sharma's daughter's wedding in New Delhi saw top netas and abhinetas in attendance. Have a look!

Telangana Man Arrested in Swimming Pool Murder Case of Wife and Daughters

Telangana Man Arrested in Swimming Pool Murder Case of Wife and Daughters

Rediff.com10 Apr 2026

A 29-year-old man has been arrested in Telangana for allegedly murdering his pregnant wife and two daughters by pushing them into a swimming pool. The motive appears to be to marry a minor relative and sire a male child. Nine others have also been arrested in connection with the case, including family members and medical professionals involved in illegal sex determination and forced abortions.

William Walsh, former British Airways chief, to lead IndiGo as CEO

William Walsh, former British Airways chief, to lead IndiGo as CEO

Rediff.com31 Mar 2026

IndiGo, India's largest airline, has announced the appointment of William Walsh, former British Airways chief and current Director General of IATA, as its new CEO, effective no later than August 3.

Mumbai Airport Bust: Passengers Held for Smuggling Hydroponic Ganja

Mumbai Airport Bust: Passengers Held for Smuggling Hydroponic Ganja

Rediff.com19 Mar 2026

The Air Intelligence Unit (AIU) arrested four passengers at Chhatrapati Shivaji Maharaj International Airport in Mumbai for allegedly smuggling 64.394 kilograms of hydroponic ganja worth over Rs 64 crore.

Delhi Police Nets Over 600 in Cybercrime Operation CyHawk 4.0

Delhi Police Nets Over 600 in Cybercrime Operation CyHawk 4.0

Rediff.com8 Apr 2026

Delhi Police arrested over 600 individuals and detained over 8,300 suspects during Operation CyHawk 4.0, a major crackdown on cybercrime. The operation targeted financial networks and call centres involved in online scams, recovering significant digital evidence and tracing defrauded money.

FMCG firms weigh price hikes as input costs rise

FMCG firms weigh price hikes as input costs rise

Rediff.com6 Apr 2026

Fast-moving consumer goods (FMCG) companies are closely monitoring crude oil prices and considering low single-digit price increases, while consumer durables firms have already begun passing on significant price hikes to consumers due to rising input costs exacerbated by the West Asia conflict.

Smriti Mandhana turns heads with stunning glam transformation

Smriti Mandhana turns heads with stunning glam transformation

Rediff.com21 Mar 2026

Indian cricketer Smriti Mandhana surprised fans with a glamorous makeover at the BCCI Naman Awards, showcasing a stunning metallic blue gown and inspiring young girls with a Barbie doll created in her likeness.

Bharat PET Files for Rs 760 Crore IPO: What You Need to Know

Bharat PET Files for Rs 760 Crore IPO: What You Need to Know

Rediff.com26 Mar 2026

Bharat PET Ltd, an integrated packaging solutions provider, has filed draft papers with SEBI to raise Rs 760 crore through an IPO, including a fresh issue and an offer for sale by promoters.

Mumbai Father-Son Duo Arrested in Walkie-Talkie, HDD Smuggling Case

Mumbai Father-Son Duo Arrested in Walkie-Talkie, HDD Smuggling Case

Rediff.com21 Mar 2026

The Directorate of Revenue Intelligence (DRI) seized a large consignment of prohibited walkie-talkies and second-hand hard disk drives (HDDs) at Nhava Sheva Port, leading to the arrest of a father-son duo involved in the illegal import.

TCS Q4 net profit jumps 12% to Rs 13,718 cr; adds 2k employees as layoffs end

TCS Q4 net profit jumps 12% to Rs 13,718 cr; adds 2k employees as layoffs end

Rediff.com10 Apr 2026

Tata Consultancy Services (TCS) announced a 12.22 per cent increase in its net profit for the March quarter, reaching Rs 13,718 crore, alongside a 9.64 per cent rise in revenue from operations.

IPL 2026: Rashid Khan's Spin Magic in Thriller!

IPL 2026: Rashid Khan's Spin Magic in Thriller!

Rediff.com9 Apr 2026

In a high-scoring contest that went down to the final ball, Rashid returned figures of 3 for 17, turning the game in Titans' favour just when Delhi looked set to chase down the target.

RBI's New Rules: BIG Changes From April 1 for OTP, Cards, Online Payments

RBI's New Rules: BIG Changes From April 1 for OTP, Cards, Online Payments

Rediff.com1 Apr 2026

From April 1, 2026, the Reserve Bank of India's new authentication directions modernise how every digital payment you make must be verified -- and place the burden of security squarely on your bank, not on you.

Mumbai Firms Busted for Importing Banned Walkie-Talkies and E-Waste

Mumbai Firms Busted for Importing Banned Walkie-Talkies and E-Waste

Rediff.com22 Mar 2026

The Directorate of Revenue Intelligence (DRI) seized a large consignment of illegal walkie-talkies and second-hand hard drives at Nhava Sheva Port, leading to the arrest of two individuals.

Probe into IRS Officer's Alleged Asset Acquisition Ordered to be Disclosed

Probe into IRS Officer's Alleged Asset Acquisition Ordered to be Disclosed

Rediff.com31 Mar 2026

The Central Information Commission has ordered the disclosure of an investigation into a retired IRS officer's alleged acquisition of assets under different identities and subsequent name change to claim ownership, deeming the case a potentially significant revelation.

Gains ahead for Bharti Airtel on multiple triggers, recent correction

Gains ahead for Bharti Airtel on multiple triggers, recent correction

Rediff.com10 Apr 2026

Despite recent share price dips, Bharti Airtel is strategically positioned for growth, driven by investments in data centres via Nxtra, a potential tariff hike, and strong performance in Africa, alongside efforts to deleverage and expand its subscriber base in underpenetrated rural markets.

Supreme Court Asserts Right to Decide Superstitious Practices, Govt Disagrees

Supreme Court Asserts Right to Decide Superstitious Practices, Govt Disagrees

Rediff.com8 Apr 2026

The Supreme Court of India has asserted its jurisdiction to determine what constitutes a superstitious practice within a religion, during a hearing on petitions related to discrimination against women at religious sites.

Ready-to-eat foods fill qcom baskets amid LPG curbs

Ready-to-eat foods fill qcom baskets amid LPG curbs

Rediff.com6 Apr 2026

Quick commerce platforms are experiencing a significant increase in demand for ready-to-eat food items as urban households face disruptions in cooking gas supply and a temporary outflow of migrant domestic help.

How AI is Transforming India's Telecom Sector, According to TRAI

How AI is Transforming India's Telecom Sector, According to TRAI

Rediff.com23 Mar 2026

TRAI Chairman Anil Kumar Lahoti highlights the increasing importance of Artificial Intelligence in the design, management, and experience of telecom networks in India, noting its role in self-optimising networks, cybersecurity, and preparing for 6G technology.

Kerala CM Vijayan Predicts Stronger Mandate for LDF in Upcoming Elections

Kerala CM Vijayan Predicts Stronger Mandate for LDF in Upcoming Elections

Rediff.com7 Apr 2026

Kerala Chief Minister Pinarayi Vijayan expresses confidence in the Left Democratic Front's (LDF) prospects in the upcoming Kerala elections, predicting a stronger mandate and criticising the Congress and BJP.

Delhi Police Operation CyHawk 4.0 Leads to Mass Arrests in Cybercrime Sweep

Delhi Police Operation CyHawk 4.0 Leads to Mass Arrests in Cybercrime Sweep

Rediff.com8 Apr 2026

Delhi Police arrested over 600 people and rounded up over 8,300 suspects during Operation CyHawk 4.0, a large-scale crackdown on cybercrime.

Kerala CM Vijayan Predicts Stronger Mandate for LDF Despite Criticism

Kerala CM Vijayan Predicts Stronger Mandate for LDF Despite Criticism

Rediff.com7 Apr 2026

Kerala Chief Minister Pinarayi Vijayan expressed confidence in the Left Democratic Front's (LDF) victory in the upcoming Kerala elections, dismissing allegations of a CPI(M)-BJP understanding and criticising the Congress party's approach.

India's Services Sector Growth Eases to 14-Month Low

India's Services Sector Growth Eases to 14-Month Low

Rediff.com6 Apr 2026

India's services sector growth slowed in March, reaching a 14-month low, according to the HSBC India Services PMI. The slowdown reflects weaker new business intakes and rising input costs, particularly in fuel, transport, and logistics.

Axis Bank Teams Up with DP World PGTI to Support Indian Golf

Axis Bank Teams Up with DP World PGTI to Support Indian Golf

Rediff.com21 Mar 2026

Axis Bank has partnered with the DP World Professional Golf Tour of India (DP World PGTI) as its official banking partner, aiming to strengthen professional golf in India.

Tesla Stalls in India as BYD, VinFast Race Ahead

Tesla Stalls in India as BYD, VinFast Race Ahead

Rediff.com10 Apr 2026

Despite India's electric passenger vehicle market experiencing an 83.6% year-on-year surge in FY26, new foreign entrants VinFast and BYD have significantly outpaced Tesla, which struggles with high import duties, a limited retail footprint, and a lack of local manufacturing commitment.

IndiGo moves Delhi HC seeking Rs 900 crore Customs duty refund

IndiGo moves Delhi HC seeking Rs 900 crore Customs duty refund

Rediff.com13 Dec 2025

InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.