News for 'FY23'

Indians' Share In US Naturalisation Hits 9-Year Low

Indians' Share In US Naturalisation Hits 9-Year Low

Rediff.com13 Jan 2026

As the Trump administration pushes denaturalisation targets, US citizenship trends show a decline in Indian naturalisations and longer scrutiny of immigrants.

NSE one step closer to IPO filing as Sebi grants NOC

NSE one step closer to IPO filing as Sebi grants NOC

Rediff.com31 Jan 2026

The Securities and Exchange Board of India (Sebi) has granted a no-objection certificate (NOC) to the National Stock Exchange of India (NSE), paving the way for the country's biggest exchange - currently valued at 5 trillion in the unlisted market - to file draft documents for its long-awaited initial public offering (IPO).

Q3 revenue miss keeps Trent on back foot

Q3 revenue miss keeps Trent on back foot

Rediff.com14 Jan 2026

Shares of apparel retail major Trent fell over 8.6 per cent to ~4,048 apiece at the close of trade on Tuesday. Trading near its 52-week low, the stock has shed about 43 per cent over the past year. Sentiment around the Tata group company weakened after it reported lower than expected revenue for the third quarter (October-December/Q3) of 2025-26 (FY26). Brokerages expect the stock to remain under pressure in the near term.

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Rediff.com23 Jan 2026

As India's biggest Unified Payments Interface (UPI) app PhonePe prepares to list, the updated draft red herring prospectus (DRHP) shows the impact of regulations on the business, and concentration of payments-linked revenue even as UPI lacks MDR (merchant discount rate).

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

Rediff.com15 Jan 2026

Maharashtra has pipped Tamil Nadu in NITI Aayog's latest Export Preparedness Index (EPI) for 2024. While Gujarat, Uttar Pradesh and Andhra Pradesh gained ground, Karnataka and Haryana slipped out of the top five, the central government think tank said in its report released on Wednesday.

Second wave of dematerialisation takes off in unlisted companies

Second wave of dematerialisation takes off in unlisted companies

Rediff.com26 Dec 2025

In the mid-1990s, when the shares of listed companies first began to be held in electronic form, they accounted for less than 1 per cent of the stocks bought and sold on the stock exchanges. This climbed to 99.5 per cent by 2001.

Brokerages divided on Coforge-Encora deal

Brokerages divided on Coforge-Encora deal

Rediff.com30 Dec 2025

Coforge's planned $2.35 billion all-stock acquisition of US-based Encora has divided the Street, with a few brokerages terming it a "strategically positive" but execution-heavy bet while others raising valuation concerns.

How are power stocks likely to fare in 2026

How are power stocks likely to fare in 2026

Rediff.com2 Jan 2026

The power sector presents a puzzle. A fast-growing economy should be aligned to higher power demand but that hasn't been the case in the financial year 2026 till date (FY26TD).

Tier-II, -III mkts make 62% of new health insurance policies

Tier-II, -III mkts make 62% of new health insurance policies

Rediff.com12 Dec 2025

Tier-II, Tier-III, and rural regions accounted for 62 per cent of all new health insurance policies sold by insurers so far in 2025-26 (FY26), according to a Policybazaar report. These regions are also witnessing a rise in the sum assured opted by customers.

Malaysia's IHH plans India expansion after Fortis open offer

Malaysia's IHH plans India expansion after Fortis open offer

Rediff.com16 Dec 2025

After completion of its mandatory tender offer in Fortis Healthcare and Fortis Malar Hospitals, Malaysian health care giant IHH Healthcare is aiming to add 2,000 beds in a bid to double down on value creation in India. IHH, which is Asia's largest multinational private healthcare provider, currently has over 5,000 beds across a combined network of 35 hospitals and 11 states.

With firefighting behind them, insurers can now shift gears and focus on growth

With firefighting behind them, insurers can now shift gears and focus on growth

Rediff.com3 Dec 2025

Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.

Centre races to rescue failing power discoms

Centre races to rescue failing power discoms

Rediff.com24 Nov 2025

After four failed reform drives, a new plan aims to rescue India's debt-laden power discoms through privatisation, accountability and long-term financial fixes.

High street holds lead in rental growth over malls

High street holds lead in rental growth over malls

Rediff.com22 Nov 2025

High-street rentals continue to outpace those of malls, as retailers focus on prime locations and are willing to pay a premium for visibility. Between 2021 and 2025, rental values on prime high street have grown 7-15 per cent annually, driven by strong consumption density and limited new supply, even outpacing grade A malls, which grew by 5-8 per cent, according to Anarock.

Pune Firm Unveils Diabetes-Control Implant

Pune Firm Unveils Diabetes-Control Implant

Rediff.com19 Nov 2025

This innovation works by stimulating our natural organs so that it can produce and maintain the insulin balance.

Domestic pension fund flows into equities at record high

Domestic pension fund flows into equities at record high

Rediff.com11 Nov 2025

A record amount of pension money may be finding its way into the stock market, if buying figures in the National Stock Exchange (NSE) data are any indication. Category inflows touched Rs 37,409 crore for the three months ending September 2025, shows an analysis of NSE data.

Leverage moderating across Adani firms: BofA

Leverage moderating across Adani firms: BofA

Rediff.com12 Nov 2025

The Adani group, which operates across multiple infrastructure sectors, with 12 listed entities in India and a combined market capitalisation of about $200 billion, remains "anchored by strong assets and robust cash flows", according to a Bank of America (BofA) report.

PhysicsWallah sets IPO price band at Rs 103-109/share

PhysicsWallah sets IPO price band at Rs 103-109/share

Rediff.com7 Nov 2025

Edtech unicorn PhysicsWallah on Thursday fixed a price band of Rs 103-109 per share for its upcoming initial public offering (IPO), aiming for a valuation of over Rs 31,500 crore at the upper end. The company's Rs 3,480-crore maiden public offering will open on November 11 and conclude on November 13 and anchor investors will be allocated shares on November 10, according to its public announcement.

Shiv Nadar Donates 7.4 Cr Every Day!

Shiv Nadar Donates 7.4 Cr Every Day!

Rediff.com7 Nov 2025

Shiv Nadar and family donated Rs 2,708 crore (Rs 27.08 billion) in 2024-2025.

Bihar's Populist Promises Clash With Fragile Economy

Bihar's Populist Promises Clash With Fragile Economy

Rediff.com15 Oct 2025

A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.

'GST 2.0 Boost For Insurance Industry'

'GST 2.0 Boost For Insurance Industry'

Rediff.com25 Oct 2025

'It will support our growth aspirations. It's very positive as it helps expand the market in a segment that really needs it.'

Unspent CSR funds hit five-year high in FY23

Unspent CSR funds hit five-year high in FY23

Rediff.com20 Aug 2024

Not all listed companies above a threshold have spent on corporate social responsibility (CSR) in the way they were required to do. The aggregate unspent amount in 2022-23 (FY23) stood at a five-year high of Rs 1,475 crore. In FY23 listed companies spent Rs 15,602 crore while the amount to be expended was Rs 15,787 crore, according to the data from corporate tracker primeinfobase.com.

Will Tata Sons Get RBI Relief?

Will Tata Sons Get RBI Relief?

Rediff.com24 Oct 2025

Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.

Gold, Silver Shine As Stocks Slip

Gold, Silver Shine As Stocks Slip

Rediff.com1 Oct 2025

'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'

Rise and Fall Of Real-Money Gaming Firms

Rise and Fall Of Real-Money Gaming Firms

Rediff.com15 Sep 2025

India has nearly 490 million online gamers, and an estimated Rs 10,000 crore is spent every month on online gaming transactions.

Tata Capital to float $2-bn IPO in Sep; eyes $11 bn valuation

Tata Capital to float $2-bn IPO in Sep; eyes $11 bn valuation

Rediff.com31 Aug 2025

Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated $2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. The issue is expected to value the company around $11 billion, they added. Tata Capital is likely to make its stock market debut by September 30.

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.

New segments like defence and data centres to drive growth for L&T

New segments like defence and data centres to drive growth for L&T

Rediff.com9 Oct 2025

The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.

Reliance's refining margins projected to stay strong compared to PSU peers

Reliance's refining margins projected to stay strong compared to PSU peers

Rediff.com6 Sep 2025

Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.

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.'

WeWork India eyes 20% revenue growth, IPO on October 3

WeWork India eyes 20% revenue growth, IPO on October 3

Rediff.com30 Sep 2025

Co-working spaces provider WeWork India is aiming for a revenue growth of over 20 per cent for the coming years, even as its initial public offering (IPO) with only an offer for sale (OFS) component gets valued at Rs 3,000 crore at the top of the price band. The IPO opens on October 3, a newspaper advertisement said.

PhysicsWallah reveals safety issues that plague India's education sector

PhysicsWallah reveals safety issues that plague India's education sector

Rediff.com9 Sep 2025

A student allegedly threatened a PhysicsWallah teacher with a slipper during an online class in 2023 -- one of the several safety-related incidents revealed by the edtech unicorn in its updated draft papers filed ahead of its initial public offering (IPO).

Sitharaman urges India Inc to invest more and expand capacities

Sitharaman urges India Inc to invest more and expand capacities

Rediff.com18 Sep 2025

Finance Minister Nirmala Sitharaman on Thursday asked India Inc to take advantage of the policies and reforms undertaken by the government and no longer hesitate to invest more and expand capacities. Sitharaman also asked the industry to partner with the government for skilling the youth and also to engage with the government throughout the year, and not just before the Budget.

Are public sector bank employees becoming more productive?

Are public sector bank employees becoming more productive?

Rediff.com27 Jun 2025

Each employee is generating more business than before -- driven by cost rationalisation, digital adoption, and better resource utilisation -- signalling a stronger foundation for sustainable growth and profitability.

MFs Gain Ground Over Bank Deposits

MFs Gain Ground Over Bank Deposits

Rediff.com1 Sep 2025

The ratio of MF assets under management to total bank deposits has more than doubled in 10 years.

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.

54 MiGs Have Crashed In 17 Years

54 MiGs Have Crashed In 17 Years

Rediff.com9 Aug 2025

Between FY09 and FY25, 101 IAF fighter jets have crashed, costing the lives of 28 pilots.

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.

Demand for frontline jobs decreased by 17.5% in FY23

Demand for frontline jobs decreased by 17.5% in FY23

Rediff.com25 Sep 2023

Having seen a rapid growth in demand for frontline workers in FY22 with the economy opening up, the growth seems to have muted in FY23 due to macroeconomic challenges. According to BetterPlace's Frontline Index Report, total demand for frontline jobs decreased by 17.5 per cent. In FY23, 6.6 million frontline jobs were created in India as compared to 8 million in FY22.

Temasek lifts India exposure to 8% as China share declines for third year

Temasek lifts India exposure to 8% as China share declines for third year

Rediff.com10 Jul 2025

Singapore's state investor Temasek Holdings, which recently picked up 10 per cent stake in Haldiram, has been consistently expanding its footprint in India while slowly withdrawing from China over the last three years amid growing geopolitical risks and economic headwinds. India has become Temasek's third-largest market, after Singapore (27 per cent) and China (18 per cent), with its exposure to the country higher than the rest of Asia Pacific excluding the three (11 per cent), according to Temasek's annual review.

Tata Sons chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration

Tata Sons chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration

Rediff.com10 Aug 2023

Tata Sons chairman Natarajan Chandrasekaran was paid Rs. 113 crore as remuneration for 2022-23 (FY23), including Rs. 100 crore as commission on profit. Chandrasekaran, 60, often referred to as Chandra, received a remuneration of Rs. 109 crore in 2021-22 (FY22). With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23.