News for 'FY'

NSE targets to launch Rs 30,000-cr IPO in Sep

NSE targets to launch Rs 30,000-cr IPO in Sep

Rediff.com6 Jul 2026

The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.

Nestle India shares jump over 7% as Q4 FY26 net profit rises 27.18%

Nestle India shares jump over 7% as Q4 FY26 net profit rises 27.18%

Rediff.com21 Apr 2026

FMCG major Nestle India reported a significant 27.18 per cent increase in consolidated net profit for the March quarter of FY26, reaching Rs 1,110.9 crore, driven by record domestic sales and a substantial boost in advertising investments, leading to a more than 7 per cent surge in its share price.

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Rediff.com22 Apr 2026

Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.

HCLTech Q4 net profit up 4.2% to Rs 4,488 crore, FY27 growth seen at 1-4%

HCLTech Q4 net profit up 4.2% to Rs 4,488 crore, FY27 growth seen at 1-4%

Rediff.com21 Apr 2026

IT major HCLTech reported a 4.20 per cent year-on-year rise in consolidated net profit to Rs 4,488 crore for the January-March quarter of FY26, but projected a modest 1-4 per cent revenue growth for FY27, citing market volatility and reduced discretionary spending.

OYO parent Prism files updated IPO papers for Rs 6,650-cr fresh issue; no OFS

OYO parent Prism files updated IPO papers for Rs 6,650-cr fresh issue; no OFS

Rediff.com30 Jun 2026

Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.

India Post's Biggest Makeover in 150 Years

India Post's Biggest Makeover in 150 Years

Rediff.com27 Jun 2026

India Post is reinventing itself from a traditional mail service into a modern logistics, e-commerce, and real estate powerhouse. Several post offices situated inside major university campuses, called Gen Z post offices, have received a facelift, with cafe-like decor and wi-fi availability.

India's EV market surges in FY26, driven by strong year-end push

India's EV market surges in FY26, driven by strong year-end push

Rediff.com2 Apr 2026

India's electric vehicle (EV) market experienced a significant surge in financial year 2025-26 (FY26), with e4W registrations nearly doubling and e2Ws growing by over 20%, propelled by expanding charging infrastructure, diverse model launches, and accessible financing.

Have Foreign Assets? View Details In AIS

Have Foreign Assets? View Details In AIS

Rediff.com17 Jul 2026

The data may include details of foreign bank accounts, investment accounts, certain financial investments, interest income, dividends and other specified financial income held by Indian tax residents abroad.

Strong H1 Numbers May Propel Passenger Vehicles to Record 2026 Sales

Strong H1 Numbers May Propel Passenger Vehicles to Record 2026 Sales

Rediff.com27 Jul 2026

India's passenger vehicle industry is poised for a record-breaking year in 2026, propelled by robust dispatches in the first half of the calendar year and strong demand for utility vehicles, despite facing several economic challenges.

Honda to add 3,800 jobs, expand capacity to 80 lakh units by 2028

Honda to add 3,800 jobs, expand capacity to 80 lakh units by 2028

Rediff.com9 Jul 2026

Honda Motorcycle & Scooter India (HMSI) plans to create over 3,800 jobs and expand its annual two-wheeler production capacity to 80 lakh units by 2028, reinforcing India's role as a global manufacturing and export hub for Honda.

Nifty IT Rout: 9 Of 10 Stocks Below 200-DMA

Nifty IT Rout: 9 Of 10 Stocks Below 200-DMA

Rediff.com3 Jul 2026

The Nifty IT index has been one of the worst sectoral performers in calendar year 2026, losing nearly 29 per cent till date compared to the 8 per cent dip in the Nifty 50 index.

Infosys Q4 Net Profit Surges 21% to Rs 8,501 Crore, Projects 1.5-3.5% Revenue Growth for FY27

Infosys Q4 Net Profit Surges 21% to Rs 8,501 Crore, Projects 1.5-3.5% Revenue Growth for FY27

Rediff.com23 Apr 2026

Infosys reported a 20.8 per cent increase in consolidated net profit to 8,501 crore for the January-March quarter of FY26, with revenue from operations rising 13.4 per cent to 46,402 crore. The IT major has guided for a 1.5 to 3.5 per cent revenue growth for FY27, driven by momentum in financial services, utilities, and emerging AI services, despite a volatile macroeconomic environment and geopolitical risks.

'Mid- Small-Caps May Deliver More Selective Returns'

'Mid- Small-Caps May Deliver More Selective Returns'

Rediff.com28 Jul 2026

'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'

TCS made 25,000 fresher offers for FY27; future hiring depends on demand

TCS made 25,000 fresher offers for FY27; future hiring depends on demand

Rediff.com12 Apr 2026

Tata Consultancy Services (TCS) has extended 25,000 offers to freshers for the current fiscal year (FY27), with future hiring decisions contingent on the demand scenario, according to CEO K Krithivasan.

India's Remittances Stay Strong Amidst West Asia Conflict

India's Remittances Stay Strong Amidst West Asia Conflict

Rediff.com18 Jun 2026

India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.

Torrent Pharma's India Business and Margin Expansion Fuel Brokerage Confidence

Torrent Pharma's India Business and Margin Expansion Fuel Brokerage Confidence

Rediff.com22 Jun 2026

Torrent Pharma has emerged as a top sectoral pick for brokerages, driven by healthy growth in India revenues and improved gross margins, leading to a 44 per cent stock return over the past year.

First Biotech Startups Receive Funding Under India's Rs 1 Trillion R&D Fund

First Biotech Startups Receive Funding Under India's Rs 1 Trillion R&D Fund

Rediff.com22 Jul 2026

The Biotechnology Industry Research Assistance Council (BIRAC) has chosen seven to eight biotechnology startups as the initial group to receive funding from the government's ~1 trillion Research, Development and Innovation (RDI) Fund, with an average investment of approximately ~25 crore per startup.

NSE-listed companies increase CSR spending by 23% to Rs 22,212 crore in FY25

NSE-listed companies increase CSR spending by 23% to Rs 22,212 crore in FY25

Rediff.com21 Apr 2026

Companies listed on the National Stock Exchange (NSE) main board increased their Corporate Social Responsibility (CSR) expenditure by 23 per cent year-on-year to Rs 22,212 crore in 2024-25 (FY25), driven by a significant jump in average net profits, according to a PRIME Database Group report.

I-T portal 'largely stable' despite peak load, Infosys penalised for delays

I-T portal 'largely stable' despite peak load, Infosys penalised for delays

Rediff.com21 Jul 2026

The Indian government has informed the Lok Sabha that the income-tax return (ITR) e-filing portal is functioning in a 'largely stable and efficient manner' despite a significant increase in traffic during the peak filing season. However, it acknowledged transient technical issues and disclosed that contractual penalties have been imposed on Infosys for project delays and service-level agreement failures.

Nifty 50's Contribution to India Inc's Q4 Earnings Hits 21-Quarter Low

Nifty 50's Contribution to India Inc's Q4 Earnings Hits 21-Quarter Low

Rediff.com10 Jun 2026

The Nifty 50 firms' contribution to the overall earnings of India Inc has steadily declined, reaching its lowest share in at least 21 quarters at 47.1 per cent in Q4FY26, down from 51.8 per cent a year earlier.

UltraTech Cement surpasses 200 mtpa capacity, eyes 240 mtpa by FY28

UltraTech Cement surpasses 200 mtpa capacity, eyes 240 mtpa by FY28

Rediff.com18 Apr 2026

UltraTech Cement, an Aditya Birla group company, has become the world's largest cement producer outside China, surpassing 200 million tonnes per annum (mtpa) of installed capacity in India. The company plans to invest Rs 16,000 crore to reach a target capacity of 240 mtpa by the financial year 2027-28.

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rediff.com30 Mar 2026

The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.

CBDT Targets Rs 26.97 Trillion Direct Tax Collection

CBDT Targets Rs 26.97 Trillion Direct Tax Collection

Rediff.com6 Jul 2026

Tax collection so far has been encouraging, with net direct tax receipts reaching Rs 5.21 trillion by June 17, nearly a 15 per cent increase compared to the same period last year.

Adani Power to invest Rs 2 trn over 5 years

Adani Power to invest Rs 2 trn over 5 years

Rediff.com25 Jun 2026

Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.

Infosys Veteran Ashiss Kumar Dash Appointed CEO Designate, To Succeed Salil Parekh in 2027

Infosys Veteran Ashiss Kumar Dash Appointed CEO Designate, To Succeed Salil Parekh in 2027

Rediff.com23 Jul 2026

Infosys, India's second-largest IT services firm, has appointed company veteran Ashiss Kumar Dash as CEO designate, with the leadership transition scheduled for April 1, 2027, after current CEO Salil Parekh completes his second term.

Indian Pharma Bets Beyond US Generics

Indian Pharma Bets Beyond US Generics

Rediff.com26 Jun 2026

Companies are investing heavily in complex injectables, respiratory therapies and biosimilars to improve margins and diversify portfolios.

India Secures Fertiliser Supply as 15 Vessels Cross Strait of Hormuz

India Secures Fertiliser Supply as 15 Vessels Cross Strait of Hormuz

Rediff.com6 Jul 2026

15 ships carrying essential raw materials successfully navigated the Strait of Hormuz, easing concerns over agricultural input availability.

'Next Two Quarters Will Be Tough For Markets'

'Next Two Quarters Will Be Tough For Markets'

Rediff.com21 Jul 2026

'I don't see fear becoming a dominant factor for retail investors.'

Bank Frauds Drop, Losses Soar

Bank Frauds Drop, Losses Soar

Rediff.com2 Jun 2026

The highest number of frauds was reported under the card, Internet, and digital payments categories in FY24 and FY25. 'Advances' accounted for the largest share (85.5 per cent) in FY26.

Corporate Earnings, Monsoon to Drive Next Leg of Indian Market Rally: Morgan Stanley

Corporate Earnings, Monsoon to Drive Next Leg of Indian Market Rally: Morgan Stanley

Rediff.com7 Jul 2026

Morgan Stanley analysts, led by Ridham Desai, predict that the next phase of the Indian market rally will be primarily driven by the April-June quarter (Q1FY27) corporate earnings season and the performance of the monsoon.

FMCG firms expect high single-digit growth in Q4FY26

FMCG firms expect high single-digit growth in Q4FY26

Rediff.com4 Apr 2026

Fast-moving consumer goods (FMCG) companies like Dabur India and Marico anticipate high single-digit growth in Q4FY26, driven by strong domestic demand in India, which is helping to offset the negative impact of geopolitical conflicts in West Asia on their international businesses.

Govt exceeds FY26 indirect tax collection estimates of Rs 15.52 lakh cr

Govt exceeds FY26 indirect tax collection estimates of Rs 15.52 lakh cr

Rediff.com2 Apr 2026

The Indian government has marginally exceeded its indirect tax collection target for fiscal year 2025-26, with strong performances in customs, excise, and GST revenues.

Indian Equities Decline for Second Day, IT Sector Drags Market

Indian Equities Decline for Second Day, IT Sector Drags Market

Rediff.com30 Jun 2026

Indian benchmark stock indices, Sensex and Nifty, declined for a second consecutive day, primarily due to selling pressure in IT, oil & gas, and select banking shares. Concerns over the US-Iran negotiations and a sluggish monsoon further dampened market sentiment.

'FY27 Presents Clear Runway For Earnings Improvement'

'FY27 Presents Clear Runway For Earnings Improvement'

Rediff.com16 Apr 2026

'In investing, poor sentiment is always a good vintage to build a portfolio.'

Rights Issues Surge to Multi-Decade High as QIPs Plummet in FY26 Amid Market Volatility

Rights Issues Surge to Multi-Decade High as QIPs Plummet in FY26 Amid Market Volatility

Rediff.com6 Apr 2026

Financial year 2025-26 (FY26) saw a significant shift in corporate fundraising, with rights issues more than doubling to a multi-decade high of 51, raising 44,290 crore, while qualified institutional placements (QIPs) more than halved to 29 issues, mobilising 62,954 crore, driven by sharp equity market corrections and regulatory changes.

Net direct tax revenue rises 16.4%

Net direct tax revenue rises 16.4%

Rediff.com15 Jul 2026

India's net direct tax collections have surged by 16.4 per cent year-on-year to 6.51 trillion as of July 13, primarily driven by robust growth in corporate tax receipts, according to provisional data from the Central Board of Direct Taxes (CBDT).

Titan's expansion plans earn glittering outlook

Titan's expansion plans earn glittering outlook

Rediff.com6 Jun 2026

Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.

Amid fiscal worries, govt puts PSU share sales on fast track

Amid fiscal worries, govt puts PSU share sales on fast track

Rediff.com2 Jul 2026

The Indian government is accelerating its sale of minority stakes in state-owned companies, including a significant offer for sale (OFS) in Life Insurance Corporation of India (LIC) expected "very soon," to meet its 80,000 crore mobilisation target and reduce its holdings to 75 per cent in most listed PSUs by year-end.

Iran war: Fiscal pressures on govt may mount next FY, say experts

Iran war: Fiscal pressures on govt may mount next FY, say experts

Rediff.com19 Mar 2026

Revenue collection next financial year may be affected, and, along with this, subsidies on food and fertilisers can go up if the war in West Asia drags for long, according to experts.

Nexon Geochem And Russia's Giredmet Forge Rare Earth Partnership

Nexon Geochem And Russia's Giredmet Forge Rare Earth Partnership

Rediff.com13 Jul 2026

Hyderabad-based Nexon Geochem has partnered with Russia's Giredmet to establish integrated rare-earth processing and downstream facilities in India. This collaboration aims to bridge critical gaps in India's rare earth value chain, focusing on producing NdFeB permanent magnets essential for electric vehicles, wind turbines, and defence systems, reducing reliance on imports.