News for 'Development Corporation'

India Pioneers Tokenised Corporate Bonds With Sebi's Demat 2.0 Pilot

India Pioneers Tokenised Corporate Bonds With Sebi's Demat 2.0 Pilot

Rediff.com10 Sep 2026

India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.

BJP Corporators Clash Over Development Contract In Jalna

BJP Corporators Clash Over Development Contract In Jalna

Rediff.com11 May 2026

BJP corporators in Jalna clashed over the passing of a development contract, leading to a police case being registered in connection with the violence.

Another Arrest In Assam Fisheries Corporation Scam

Another Arrest In Assam Fisheries Corporation Scam

Rediff.com31 May 2026

Another accused in the alleged financial irregularities in Assam Fisheries Development Corporation Ltd has been apprehended in Odisha, marking the ninth arrest in the case.

NSDC And AWS Launch Major Cloud And AI Skilling Initiative

NSDC And AWS Launch Major Cloud And AI Skilling Initiative

Rediff.com23 Aug 2026

The National Skill Development Corporation (NSDC), in collaboration with Amazon Web Services (AWS) and Cultus Education, has launched a nationwide initiative to provide cloud and AI skilling to 1.5 lakh learners. This programme aims to equip youth, especially from Tier 2 and Tier 3 cities, with essential technology skills and job-ready training, contributing to India's goal of becoming a global innovation hub.

SC intervenes in Mumbai Film City tree felling for creative tech institute

SC intervenes in Mumbai Film City tree felling for creative tech institute

Rediff.com6 days ago

The Supreme Court has sought responses from the Maharashtra government and other parties regarding a plea to fell and transplant trees for a proposed National Centre of Excellence for Animation, Visual Effects, Gaming, Comics and Extended Reality in Mumbai's Film City. The project, deemed of "eminent national importance," requires the felling of 124 trees and transplanting 333, with compensatory afforestation planned. The court's intervention follows a previous order restricting tree felling in the Aarey colony.

Nagendra offered to quit to save Congress from embarrassment: Shivakumar

Nagendra offered to quit to save Congress from embarrassment: Shivakumar

Rediff.com29 Aug 2026

Karnataka Chief Minister D K Shivakumar confirmed that Minister B Nagendra has offered to resign to avoid embarrassing the Congress party and the government, despite Shivakumar's insistence on Nagendra's innocence in the alleged Valmiki Scheduled Tribes Development Corporation scam. The Chief Minister stated he would consult the party high command before making a final decision.

K'taka Oppn to lay siege to assembly on Monday over DKS minister's removal

K'taka Oppn to lay siege to assembly on Monday over DKS minister's removal

Rediff.com23 Aug 2026

Leader of the Opposition in the Karnataka assembly R Ashoka on Sunday announced that the Bharatiya Janata Party and its ally Janata Dal-Secular would lay siege to Vidhana Soudha in Bengaluru on August 24 seeking the removal of planning and statistics minister B Nagendra from the cabinet.

Alphabet Realigns AI Leadership To Accelerate AGI Development

Alphabet Realigns AI Leadership To Accelerate AGI Development

Rediff.com6 Aug 2026

Alphabet has announced a significant leadership reshuffle within its artificial intelligence division, appointing Google DeepMind co-founder Demis Hassabis as Chief Scientist to intensify its focus on artificial general intelligence (AGI). Koray Kavukcuoglu will become Senior Vice President of Google DeepMind, overseeing Gemini development and frontier AI research. Additionally, Google veterans Jeff Dean and Sanjay Ghemawat are launching a new public benefit corporation for ML and science discoveries, supported by Google.

Banks, railways lead in corruption complaints, shows CVC report

Banks, railways lead in corruption complaints, shows CVC report

Rediff.com2 Sep 2026

A recent Central Vigilance Commission (CVC) report reveals that over 70,500 corruption complaints were lodged against various government bodies last year, with banks and the Railways accounting for the highest numbers. While a significant portion of these complaints has been disposed of, thousands remain under process, highlighting ongoing challenges in addressing corruption within public sector entities.

India Inc's foreign funding intent surges to $7.7 billion in July

India Inc's foreign funding intent surges to $7.7 billion in July

Rediff.com8 Sep 2026

Indian companies, including NBFCs, filed proposals to raise $7.696 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in July 2026, a significant increase from $6.09 billion in June.

Karnataka CM Unveils KEONICS' Vision For Tech-Driven Future

Karnataka CM Unveils KEONICS' Vision For Tech-Driven Future

Rediff.com7 hours ago

Karnataka Chief Minister D K Shivakumar lauded KEONICS' initiative to provide AI-based KEO computers to rural children, marking the institution's golden jubilee. The KEO computers, developed in Karnataka, aim to bridge the digital divide. Shivakumar also highlighted government efforts to promote IT beyond Bengaluru, enhance industry-oriented skills, and digitise property records, emphasising the state's commitment to technology and skill development.

Viksit Bharat: What Nirmala Sitharaman told India Inc

Viksit Bharat: What Nirmala Sitharaman told India Inc

Rediff.com9 hours ago

Finance Minister Nirmala Sitharaman has called upon Indian industry to prioritise not just scale but also resilience, better governance, and deeper technological capabilities to achieve the 'Viksit Bharat' goal by 2047.

Google Gemini hacked three companies in first known AI 'breakout'

Google Gemini hacked three companies in first known AI 'breakout'

Rediff.com2 days ago

Google's Gemini reportedly hacked three companies in the first known breakout, after the model accessed the internet and breached external systems during an evaluation of its cybersecurity capabilities.

ONGC strikes gas off Odisha coast, discovery boosts India's energy security

ONGC strikes gas off Odisha coast, discovery boosts India's energy security

Rediff.com13 hours ago

State-run Oil and Natural Gas Corporation (ONGC) has made a significant gas discovery in the deep waters of the Mahanadi Basin off the Odisha coast, recording encouraging flow and sustained reservoir pressure, a breakthrough for India's deepwater exploration programme.

High-level panel set up to tackle road woes in Maha's Chakan industrial belt

High-level panel set up to tackle road woes in Maha's Chakan industrial belt

Rediff.com16 Aug 2026

The Maharashtra government has constituted a high-level committee to address road repairs, traffic congestion and management issues in the rapidly expanding Chakan industrial belt in Pune district, and set up a mechanism for time-bound redressal of industrial grievances.

New 'boss' scam to dupe corporate employees busted

New 'boss' scam to dupe corporate employees busted

Rediff.com18 Aug 2026

Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.

Shivakumar minister Nagendra quits again amid Valmiki scam heat

Shivakumar minister Nagendra quits again amid Valmiki scam heat

Rediff.com28 Aug 2026

For the second time in two years, Karnataka minister B Nagendra resigned from the state Cabinet on Friday amid the Opposition heat over his alleged involvement in the Rs 89 crore Valmiki Corporation scam.

Netflix Is Offering A Scholarship For...

Netflix Is Offering A Scholarship For...

Rediff.com27 Aug 2026

IICT and Netflix are offering scholarships to 100 students and working professionals, with up to 80 per cent financial support for courses in animation, VFX, gaming and creative technologies.

Rajasthan local polls: BJP edges Cong by 0.94% votes

Rajasthan local polls: BJP edges Cong by 0.94% votes

Rediff.com7 days ago

The BJP has narrowly defeated the Congress in the Rajasthan urban local body elections by less than one percentage point. Independent candidates secured a significant share of votes, and NOTA outperformed several smaller parties. Prime Minister Modi lauded the BJP's performance, attributing it to public support for good governance.

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

Rediff.com8 Sep 2026

Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.

Why Left Parties Demand Withdrawal Of UPI Charges

Why Left Parties Demand Withdrawal Of UPI Charges

Rediff.com6 days ago

Left parties have strongly condemned the government's decision to impose charges on UPI payments exceeding Rs 2,000, with CPI General Secretary D Raja alleging the move was made under "US pressure" to favour foreign payment companies. Both CPI and All India Forward Bloc demand the withdrawal of this "anti-people decision," arguing it burdens consumers and merchants while undermining UPI's role as a public digital infrastructure. They highlight concerns that the charges weaken India's digital sovereignty and serve commercial interests of foreign corporations like Visa and Mastercard.

Sebi Reviews UPI Charges For Brokers

Sebi Reviews UPI Charges For Brokers

Rediff.com4 days ago

'Treating stock brokers as merchants for MDR is fundamentally misplaced.'

Nirmala Sitharaman Calls For Faster CBDC Progress And Stronger Cybersecurity Measures

Nirmala Sitharaman Calls For Faster CBDC Progress And Stronger Cybersecurity Measures

Rediff.com11 Sep 2026

Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India to accelerate its central bank digital currency initiatives, emphasising the need to sharpen capabilities with the digital rupee amidst rapid advancements in tokenisation, agentic AI, and quantum computing. She also highlighted critical concerns regarding cybersecurity, warning that autonomous AI systems are evolving rapidly and require robust safeguards. Sitharaman proposed a federated industry platform to give India's technology ecosystem a collective international voice.

BJP Faces West Bengal Investment Test

BJP Faces West Bengal Investment Test

Rediff.com7 Sep 2026

West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.

Karnataka To Get New Samsung Innovation Campus For AI Skills

Karnataka To Get New Samsung Innovation Campus For AI Skills

Rediff.com3 days ago

Samsung India has launched an Innovation Campus in Karnataka, in partnership with Nrupathunga University, to train 2,000 young individuals in industry-relevant AI skills. This initiative aims to support Karnataka's goal of building an AI-native ecosystem and developing a future-ready technology workforce, expanding access to practical AI education.

Modi's schoolmate wins battle for land with BJP MLA's firm

Modi's schoolmate wins battle for land with BJP MLA's firm

Rediff.com6 days ago

An 81-year-old man, Asgarali Vohra, who claims to be a schoolmate of Prime Minister Narendra Modi, has found relief in a long-standing land dispute. After Vohra met PM Modi to appeal for a CBI probe, a firm linked to a BJP MLA, Seven Eleven Construction, backed down, surrendering its construction permit and withdrawing a police complaint against Vohra. The dispute involved a prime plot in Palghar district that Vohra bought in 1989, which he alleged was encroached upon by two firms.

Odisha's Koraput coffee served to delegates at BRICS Summit

Odisha's Koraput coffee served to delegates at BRICS Summit

Rediff.com13 Sep 2026

Odisha's Koraput Coffee, specifically the 'Tiger Bright' brand, was distributed to delegates and journalists at the 18th BRICS Summit in New Delhi. This initiative has brought international attention to the Arabica coffee grown by tribal farmers in the Koraput district, highlighting the state's local produce and the 'Vocal for Local' spirit. The coffee's unique cultivation methods and the support from the Tribal Development Co-operative Corporation of Odisha Ltd (TDCCOL) have significantly boosted its market presence and benefited tribal families.

Corporate bond market raises Rs 16,000 crore, momentum to continue

Corporate bond market raises Rs 16,000 crore, momentum to continue

Rediff.com4 Jul 2026

The Indian corporate bond market witnessed a significant surge, with companies raising nearly Rs 16,000 crore in a single day, primarily led by state-owned financial institutions and NBFCs. This strong momentum, driven by improved borrowing conditions and investor confidence, is expected to persist.

West Asia conflict, crude oil prices, US inflation to steer stock markets

West Asia conflict, crude oil prices, US inflation to steer stock markets

Rediff.com6 Sep 2026

Analysts predict that developments in the West Asia conflict, crude oil prices, and upcoming US inflation data will be the primary factors influencing the Indian stock market next week, alongside foreign investor activity and global market trends.

HDFC Bank CEO Sashidhar Jagdishan to retire amid governance concerns

HDFC Bank CEO Sashidhar Jagdishan to retire amid governance concerns

Rediff.com29 Aug 2026

Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.

2 more bills passed in Lok Sabha without debate amid Opposition protests

2 more bills passed in Lok Sabha without debate amid Opposition protests

Rediff.com11 Aug 2026

The Lok Sabha passed two Bills, including one to rename Kerala as Keralam, without debate as Opposition members continued their protests, demanding Union Home Minister Amit Shah's presence to address police excesses against student protesters and alleged Ram temple fund irregularities.

Raj local polls: Jolt to CM Sharma as Independents sweep his home turf

Raj local polls: Jolt to CM Sharma as Independents sweep his home turf

Rediff.com7 days ago

Independents have secured nearly two-thirds of urban wards in Bharatpur and Deeg districts, Chief Minister Bhajanlal Sharma's home turf, significantly outperforming the BJP and Congress in local body elections. This unexpected surge sets the stage for a political battle as both major parties vie for the support of these Independent councillors to form civic boards.

How Bengaluru Is Tackling Potholes With New Jet Patcher Technology

How Bengaluru Is Tackling Potholes With New Jet Patcher Technology

Rediff.com11 Sep 2026

Bengaluru is piloting the Jet Patcher technology to efficiently repair smaller potholes without disrupting traffic. This new method, suitable for potholes up to 50mm deep, uses cold-mix technology and allows for quick repairs, offering an alternative to traditional hot-mix methods which are less effective during monsoons and cause traffic congestion. The city aims to expand its use if the pilot project proves successful.

UIDAI Plans International Expansion For Aadhaar

UIDAI Plans International Expansion For Aadhaar

Rediff.com10 Sep 2026

The Unique Identification Authority of India (UIDAI) is actively working on plans to expand Aadhaar's reach globally, particularly to benefit non-resident Indians (NRIs) and overseas citizens of India (OCIs). This initiative aims to enhance interoperability, attract investment, and streamline digital identification processes, with new guidelines for merchants and products like Aadhaar Lite also in development.

HCLTech Report Reveals Integration As Semiconductor Industry's Biggest Hurdle

HCLTech Report Reveals Integration As Semiconductor Industry's Biggest Hurdle

Rediff.com4 days ago

A global research report by HCLTech indicates that integration has surpassed supply chain constraints as the primary challenge for the semiconductor industry. The study, which surveyed 300 senior leaders, highlights increasing dependency on semiconductors across industries, with 98% of enterprises more reliant now than three years ago and 99% expecting further increases. AI is also driving the strategic importance of semiconductor architecture.

Maharashtra Forms Task Force For Drone Policy Implementation

Maharashtra Forms Task Force For Drone Policy Implementation

Rediff.com13 Aug 2026

The Maharashtra government is setting up a ministerial task force, led by Minister Ashish Shelar, to ensure the effective implementation of its drone policy. Chief Minister Devendra Fadnavis announced this, emphasising the need for a "policy of policies" to integrate R&D, manufacturing, testing, and subsidies, and to strengthen the state's drone ecosystem, including developing a 'Drone City'.

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

NSE IPO price band fixed at Rs 1,700-1,785; subscription opens on Sep 17

Rediff.com11 Sep 2026

The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.

Mandaviya To Chair Crucial Meeting On Hockey India League's Future

Mandaviya To Chair Crucial Meeting On Hockey India League's Future

Rediff.com13 Sep 2026

Sports Minister Mansukh Mandaviya is set to meet Hockey India League (HIL) franchise owners and federation officials to address the league's financial and administrative crisis. The HIL is struggling with unpaid player dues, rising costs, and franchise withdrawals, prompting the ministry to seek solutions for its survival, especially given its importance for Indian hockey development.

Hero Motors IPO Fully Subscribed on Day 1, Retail Investors Lead Demand

Hero Motors IPO Fully Subscribed on Day 1, Retail Investors Lead Demand

Rediff.com6 days ago

The initial public offering (IPO) of auto components maker Hero Motors Ltd was fully subscribed on its first day of bidding, receiving bids for 1.38 times the shares on offer, with strong interest from retail investors.

10 CV Tips To Get Hired

10 CV Tips To Get Hired

Rediff.com4 days ago

Weak verbs and poor language can make even impressive achievements seem ordinary, points out Nayagam PP, a career coach and founder of EduJob360.