News for 'FY23'

Household Healthcare Costs Rise Again

Household Healthcare Costs Rise Again

Rediff.com4 Jun 2026

Private hospitals accounted for 30.8 per cent of current health expenditure in FY23, while pharmaceuticals and medical goods contributed more than 21 per cent, underlining continued dependence on private healthcare and medicine spending.

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

Rediff.com8 Jun 2026

State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.

Govt Ratifies 8.25% EPF Interest for FY'26, Credit Expected This Month

Govt Ratifies 8.25% EPF Interest for FY'26, Credit Expected This Month

Rediff.com6 days ago

The Indian government has ratified an 8.25 per cent interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, with over seven crore contributing members expected to see this credited to their accounts this month.

India's Defence Output Hits New High

India's Defence Output Hits New High

Rediff.com6 days ago

'The share of the private sector is at its all-time high of around Rs 42,000 crore in FY26, reflecting its expanding role in the defence ecosystem.'

India's fertiliser subsidy bill set to double to Rs 3.4 trillion in FY27

India's fertiliser subsidy bill set to double to Rs 3.4 trillion in FY27

Rediff.com7 days ago

India's Central government is likely to see its fertiliser subsidy bill double to a record 3.4 trillion in FY27, up from the Budget estimate of 1.7 trillion, due to surging global fertiliser prices exacerbated by the West Asia war. This significant increase, coupled with revenue losses from excise duty cuts for oil-marketing companies, is straining the government's fiscal space, though capital expenditure plans remain unchanged.

India's Remittances Stay Strong Amidst West Asia Conflict

India's Remittances Stay Strong Amidst West Asia Conflict

Rediff.com6 days ago

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.

Govt's fertiliser subsidy bill may rise by Rs 70K cr in FY27

Govt's fertiliser subsidy bill may rise by Rs 70K cr in FY27

Rediff.com19 May 2026

India's fertiliser subsidy bill is projected to increase by approximately 70,000 crore, reaching around 2.41 trillion in FY27, primarily due to rising import costs exacerbated by the ongoing West Asia crisis.

Why Rupee's Pain Is Self-Inflicted

Why Rupee's Pain Is Self-Inflicted

Rediff.com9 Jun 2026

Why would a country that requires close to $90 billion in net foreign capital annually to create jobs, build productive capacity, and sustain rapid growth permit $30 billion of capital to flow abroad, thereby contributing to pressure on the rupee? asks Debashis Basu.

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.

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Rediff.com20 May 2026

Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.

Two- and Three-wheeler EV Startups Petition PM For PLI Scheme Inclusion

Two- and Three-wheeler EV Startups Petition PM For PLI Scheme Inclusion

Rediff.com25 May 2026

India's home-grown EV startups say the government's auto PLI scheme is helping big players while shutting out innovators building electric two- and three-wheelers from scratch.

'Indians Are Not Buying Too Much Of Gold'

'Indians Are Not Buying Too Much Of Gold'

Rediff.com19 May 2026

'Even last year, when India bought gold, the physical quantity was much less than the previous years.'

Oil PSUs Spent 81% Of FY26 Capex Target

Oil PSUs Spent 81% Of FY26 Capex Target

Rediff.com23 Feb 2026

Of the 1.32 trillion capex target for FY26, State-run oil firms have already spent 1.07 trillion in the first 10 months.

Tata Sons' Unlisted Ventures See Mounting Losses, Raising Capital Allocation Concerns

Tata Sons' Unlisted Ventures See Mounting Losses, Raising Capital Allocation Concerns

Rediff.com3 Apr 2026

Tata Sons' unlisted ventures, including Air India, Tata Digital, and Tata Electronics, reported combined net losses of approximately 25,568.8 crore in FY25, a 58.3 per cent increase from the previous year, despite Tata Sons itself remaining profitable for over a decade.

Auto PLI distorted e2W market, hurt innovation: C-DEP report

Auto PLI distorted e2W market, hurt innovation: C-DEP report

Rediff.com28 Feb 2026

The production-linked incentive (PLI) scheme for the automobile sector has created market distortions, excluded innovation-led electric two-wheeler (e2w) makers, and failed to convert cost advantages into export competitiveness, with 77 per cent of export volumes driven by non-PLI models, said a report released by the Centre for Domestic Economy Policy Research (C-DEP) on Friday.

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

RIL's telecom, retail and new biz could mitigate impact of West Asia crisis

Rediff.com13 Mar 2026

The Iran conflict led to a sharp correction in Reliance Industries Ltd's (RIL's) share price, which has been partially reversed by a rebound.

Extended Iran conflict may hit order inflows of L&T

Extended Iran conflict may hit order inflows of L&T

Rediff.com10 Mar 2026

While investors would focus on the results and guidance for the third quarter of financial year 2025-26 (Q3FY26) in the normal course of business, the US-Israeli attack on Iran and the latter's retaliation at Gulf allies of the US has forced them to weigh the consequences of the event.

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.

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.

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).

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.

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.

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.

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).

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.

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.

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).

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.

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.

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.

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.

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.

Banks shine brightest in otherwise pale FY23 for India Inc

Banks shine brightest in otherwise pale FY23 for India Inc

Rediff.com2 Jun 2023

The banking sector emerged as an outlier when the rest of India Inc witnessed a slowdown in earnings in FY23. The combined net profit of listed public and private sector banks was up 39.4 per cent year-on-year (YoY) last financial year and their share in India's gross value added (GVA) or gross domestic product (GDP) at factor cost rose to a record high of nearly 1 per cent up, from 0.8 per cent a year ago. Listed banks' combined net profit grew to Rs 2.36 trillion in FY23, from Rs 1.69 trillion a year ago. In comparison, India GVA at current prices was up 15.2 per cent YoY at Rs 247 trillion in FY23; it was around Rs 214 trillion a year ago.

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.

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.

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.

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.

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.

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.