News for 'FY'

Ola Electric cuts costs by Rs 90 cr/month, eyes EBITDA breakeven in Q1 FY26

Ola Electric cuts costs by Rs 90 cr/month, eyes EBITDA breakeven in Q1 FY26

Rediff.com12 Mar 2025

Ola Electric on Wednesday said it has successfully completed a company-wide initiative to reduce cost and improve customer experience.

India's Aging Bridges Under Scrutiny

India's Aging Bridges Under Scrutiny

Rediff.com22 Jul 2025

Among India's 150,746 railway bridges, 25.8 per cent are over a century old.

18% slab to contribute lion's share of GST revenue

18% slab to contribute lion's share of GST revenue

Rediff.com18 Aug 2025

The 18 per cent tax slab is expected to remain the major contributor to GST revenues if the Centre's proposal for a two-tier GST structure and a special 40 per cent rate is implemented, according to a source. At present, the Goods and Services Tax (GST) follows a four-tier structure with rates of 5 per cent, 12, 18, and 28 per cent.

GST Rate Cut Paints India's Art Landscape In Brighter Colours

GST Rate Cut Paints India's Art Landscape In Brighter Colours

Rediff.com4 Oct 2025

'High taxes have kept away art collectors who will now embrace the new GST.'

Banks can now fund India Inc's M&A drive

Banks can now fund India Inc's M&A drive

Rediff.com2 Oct 2025

The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.

Most PSBs see decline in headcount even as branches spread

Most PSBs see decline in headcount even as branches spread

Rediff.com16 Jun 2025

At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years.

IndiGo Tops in Flight Cancellations

IndiGo Tops in Flight Cancellations

Rediff.com5 Aug 2025

IndiGo, which operates the largest fleet among Indian carriers, has reported the highest number of serious engine-related incidents.

Info Edge named India's most successful venture investor

Info Edge named India's most successful venture investor

Rediff.com27 Sep 2025

Naukri.com-parent Info Edge, whose long-term bets on Indian startups ranging from Zomato to Policybazaar yielded blockbuster returns, has been named the country's most successful venture investor, cementing its reputation as a standout player in India's startup ecosystem. The firm, helmed by Sanjeev Bikhchandani - often referred to as India's Warren Buffett- invested a total capital of Rs 3,959.16 crore across platforms over the last one and a half decades.

Startups Could Hire 100,000 To 200,000

Startups Could Hire 100,000 To 200,000

Rediff.com7 Jul 2025

Hiring demand is strongest for high-impact technology and product roles, particularly DevOps engineers, product managers, and full-stack developers.

SBI Q1 profit rises 12% to Rs 19,160 cr

SBI Q1 profit rises 12% to Rs 19,160 cr

Rediff.com8 Aug 2025

The country's biggest lender SBI on Friday posted 12 per cent increase in standalone net profit at Rs 19,160 crore for the first quarter of the current financial year. The bank had earned a net profit of Rs 17,035 crore in the same quarter of previous fiscal year.

Amazon's entry into healthcare a headwind but diagnostic stocks attractive

Amazon's entry into healthcare a headwind but diagnostic stocks attractive

Rediff.com2 Jul 2025

The news that Amazon India has launched diagnostic services in select metro cities in partnership with the unlisted Orange Health Labs has led to a look at the competitive intensity in healthcare services. Listed companies in the space such as Dr Lal Path Labs, Metropolis Health, Thyrocare, Vijaya, and Krsnaa have all seen double-digit stock price corrections over the last 6-9 months.

AHPI, Star Health in spat over cashless service

AHPI, Star Health in spat over cashless service

Rediff.com15 Sep 2025

If cashless services are suspended, AHPI said, its member hospitals will continue to treat Star Health policyholders, but patients will have to pay upfront and later seek reimbursements directly from the insurer.

Fiscal deficit in Q1 at 17.9% of full-year target

Fiscal deficit in Q1 at 17.9% of full-year target

Rediff.com31 Jul 2025

The Centre's fiscal deficit stood at 17.9 per cent of the full-year target at the end of June, according to data released by the Controller General of Accounts (CGA) on Thursday. It was at 8.4 per cent of Budget Estimates (BE) of 2024-25 in the first three months of the previous financial year.

'Lenovo to Double 'Make in India' Devices in 2 Years'

'Lenovo to Double 'Make in India' Devices in 2 Years'

Rediff.com13 Sep 2025

'We are increasing our footprint, but other markets also compete - like Indonesia or Vietnam.'

Centre Seeks States' Aid For Exporters

Centre Seeks States' Aid For Exporters

Rediff.com18 Aug 2025

'The state governments of Gujarat, Maharashtra and Tamil Nadu will be encouraged to consider measures of their own as the employment and economy in such export-oriented states will be affected.'

When gold slips from crown to a likely millstone for Titan Company

When gold slips from crown to a likely millstone for Titan Company

Rediff.com18 Aug 2025

The country's largest listed gold jewellery maker, Titan Company, maintained its growth pace in the April-June quarter of 2025-26 (FY26).

GST rejig, S&P upgrade may not bring FIIs to Indian equities quickly

GST rejig, S&P upgrade may not bring FIIs to Indian equities quickly

Rediff.com20 Aug 2025

Recent developments - proposed changes to the goods and services tax (GST) rates and S&P Global Ratings' upgrade of India's long-term sovereign credit rating to BBB, with a stable outlook, - may not be enough to bring foreign investors back to Indian markets in a rush, feel analysts.

LIC drags new business premiums of life insurers by 5.2 %

LIC drags new business premiums of life insurers by 5.2 %

Rediff.com10 Sep 2025

New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance Corporation (LIC), data from the Life Insurance Council showed. LIC recorded a 17 per cent YoY fall in new business premiums to Rs 16,023 crore during the month, while private life insurers reported a 12 per cent YoY increase to Rs 14,936 crore.

How Expensive Is An Australian Student Visa?

How Expensive Is An Australian Student Visa?

Rediff.com30 Jul 2025

Australia increased its student visa application fee from 1,600 to 2,000 Australian dollars. This is now the highest such visa fee in the world.

Ola, Paytm crash up to 50% in H1 2025; are new-age stocks worth buying now?

Ola, Paytm crash up to 50% in H1 2025; are new-age stocks worth buying now?

Rediff.com9 Jul 2025

New-age stocks to buy: Most new-age stocks have turned out to be wealth destroyers in stock markets, so far, in calendar year 2025. Shares of Ola Electric Mobility, for instance, have plunged nearly 50 per cent in the first half of CY 2025, while those of Swiggy, PB Fintech, Paytm, and Eternal (Zomato) have crashed between 6 per cent and 25 per cent, ACE Equity data shows.

71% Of Train Mishaps Linked To Derailment

71% Of Train Mishaps Linked To Derailment

Rediff.com7 Jul 2025

Between 2015 and 2023, around 543 train accidents occurred, resulting in 805 deaths.

Jobless rate at 4-month low of 5.1% in Aug

Jobless rate at 4-month low of 5.1% in Aug

Rediff.com16 Sep 2025

Labour markets showed positive momentum in August as the unemployment rate fell for the second consecutive month to a four-month low of 5.1 per cent from 5.2 per cent in July. It was on account of the start of the sowing season.

Festive Buzz To Boost Gig Jobs

Festive Buzz To Boost Gig Jobs

Rediff.com11 Jul 2025

Qcom alone is expected to account for a 60 per cent surge in gig hiring, adding 1.5 million to 2 million roles.

Digital debt collection makes strides as lenders use tech to cut visits

Digital debt collection makes strides as lenders use tech to cut visits

Rediff.com4 Aug 2025

"We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion," says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere.

How India's pharma cos plan to tackle steep US tariffs

How India's pharma cos plan to tackle steep US tariffs

Rediff.com10 Sep 2025

As the potential threat of a steep 200 per cent tariff on pharmaceutical imports hangs in the air, analysts and industry insiders feel that focus on exports to non-US regions as well as domestic market will increase as a long-term trend. US President Donald Trump told CNBC's Squawk Box in the first week of August that planned tariffs on import of pharmaceutical products to the US could eventually reach up to 250 per cent.

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Rediff.com18 Jul 2025

In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.

Sensex ends down 119 points on profit-taking in IT, auto shares

Sensex ends down 119 points on profit-taking in IT, auto shares

Rediff.com15 Sep 2025

Among Sensex firms, Mahindra & Mahindra, Asian Paints, Infosys, Titan, Sun Pharma, Tata Consultancy Services, Tech Mahindra and Power Grid were the major laggards. However, Bajaj Finance, Eternal, UltraTech Cement and Reliance Industries were among the gainers.

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Rediff.com14 Aug 2025

The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. They have also been barred from holding any key position in a listed company.

Deferred tax drags down Honda FY24 profit by 53%

Deferred tax drags down Honda FY24 profit by 53%

Rediff.com31 Oct 2024

Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.

Trump's Tariffs Bites Surat's Diamond Industry

Trump's Tariffs Bites Surat's Diamond Industry

Rediff.com25 Aug 2025

'We will be able to anticipate the full picture of the impact after August, which is also the time when demand for a year begins to peak ahead of the December holidays and Valentine's Day.'

The Real Reason For The TCS Layoffs

The Real Reason For The TCS Layoffs

Rediff.com5 Aug 2025

While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.

India may emerge as second-largest economy by 2038

India may emerge as second-largest economy by 2038

Rediff.com28 Aug 2025

India's economy could reach $20.7 trillion in terms of purchasing power parity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion GDP, an EY report said on Wednesday. The report also said that with appropriate countermeasures, India can limit the adverse impact of higher US tariffs on selected Indian imports to about 10 basis points of real GDP growth.

Is Telangana Headed For Bankruptcy?

Is Telangana Headed For Bankruptcy?

Rediff.com11 Jul 2025

Experts say the state's economy is grappling with hidden debt, rising welfare costs, and lack of transparency.

Urban unemployment rate unchanged at 6.4% in Q3FY25

Urban unemployment rate unchanged at 6.4% in Q3FY25

Rediff.com19 Feb 2025

Unemployment rate in urban areas during the third quarter (October-December) of FY25 remained unchanged at 6.4 per cent compared to the preceding quarter, according to the latest quarterly Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics on Tuesday. While the unemployment rate for men worsened marginally to 5.8 per cent in Q3 from 5.7 per cent in Q2, for women, it improved to 8.1 per cent from 8.4 per cent.

Will The GST Cut Make A Difference?

Will The GST Cut Make A Difference?

Rediff.com22 Sep 2025

These changes certainly bring India's GST a lot closer to what an ideal GST would look like, points out Karan Bhasin.

How To Get Hired By India's $68 Bn GCCs

How To Get Hired By India's $68 Bn GCCs

Rediff.com17 Sep 2025

'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'

Bihar Polls: Non-Stop Contest For Sops

Bihar Polls: Non-Stop Contest For Sops

Rediff.com2 Oct 2025

Both NDA and INDIA are racing to woo marginalised groups with Assembly polls fast approaching.

Did You Know What Defence Ministry Did This Year?

Did You Know What Defence Ministry Did This Year?

Rediff.com20 Jun 2025

India fully utilised its military modernisation budget in 2024-2025 -- the first time in five years -- and signed a record Rs 2 trillion defence contracts.

Bihar Now Among Top 10 Investor States!

Bihar Now Among Top 10 Investor States!

Rediff.com2 Aug 2025

Bihar is now among the top 10 states in terms of investor base, surging past better-off states like Delhi, Haryana, and Punjab.

Will GST Rate Cuts Bring Back FPIs?

Will GST Rate Cuts Bring Back FPIs?

Rediff.com8 Sep 2025

Foreign portfolio investors sold stocks worth Rs 1.42 trillion in 2025, with their sales hitting Rs 12,257 crore in the first four trading days of September.