News for 'FY26'

India records $7.1 billion current account surplus in Q4 FY26

India records $7.1 billion current account surplus in Q4 FY26

Rediff.com8 Jun 2026

India achieved a current account surplus of USD 7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26, primarily boosted by robust services exports and increased remittances from overseas Indians, according to recent Reserve Bank of India data.

Preferential Equity Listings Hit Record High in FY26 Amid Market Volatility

Preferential Equity Listings Hit Record High in FY26 Amid Market Volatility

Rediff.com5 May 2026

Preferential equity listings in India reached an unprecedented 1,307 in FY26, marking a 33% increase from the previous year and reflecting a strategic choice for companies during market volatility.

Hybrid Mutual Funds Attract Rs 1.55 Lakh Crore in FY26 as Investors Seek Diversified Strategies

Hybrid Mutual Funds Attract Rs 1.55 Lakh Crore in FY26 as Investors Seek Diversified Strategies

Rediff.com17 May 2026

Hybrid mutual fund schemes attracted significant inflows of Rs 1.55 lakh crore in FY26, a 29 per cent increase, as investors increasingly opted for diversified investment strategies to navigate volatile market conditions and geopolitical tensions.

Equity MF inflows cool as investors shift to safer bets in FY26

Equity MF inflows cool as investors shift to safer bets in FY26

Rediff.com9 Apr 2026

Net inflows into equity mutual fund schemes moderated in FY26, falling by 27 per cent to about 3 trillion till February, as choppy markets and global uncertainties prompted investors to shift towards safer options like hybrid funds and gold ETFs.

Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion

Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion

Rediff.com4 Oct 2026

Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.

Incoming Air India CEO outlines priorities: Safety, reliability, profitability

Incoming Air India CEO outlines priorities: Safety, reliability, profitability

Rediff.com29 Sep 2026

Tewolde Gebremariam, Air India's CEO and MD-designate, has outlined passenger safety, operational reliability, and sustainable profitability as the airline's foremost priorities, emphasising a stronger safety-reporting culture and improved disruption recovery.

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.

GE Aerospace To Double India Supply Chain Investment By 2030

GE Aerospace To Double India Supply Chain Investment By 2030

Rediff.com4 days ago

GE Aerospace is set to significantly increase its supply chain spending in India, targeting USD 400 million by 2030, up from USD 200 million in 2025. This expansion reflects the company's commitment to India's burgeoning aviation market, driven by substantial aircraft orders and the strategic importance of its manufacturing and technology centres in Pune and Bengaluru.

India's Trade Deficit with BRICS Nations Surges to $226.1 Billion

India's Trade Deficit with BRICS Nations Surges to $226.1 Billion

Rediff.com9 Sep 2026

India's total goods trade with BRICS nations more than doubled from FY21 to FY26, reaching USD 417.5 billion, but a significant surge in imports, particularly from China and Russia, has caused India's trade deficit with the bloc to more than triple, reaching USD 226.1 billion.

Jio Platforms charts capex-light 6G strategy, eyes global expansion

Jio Platforms charts capex-light 6G strategy, eyes global expansion

Rediff.com8 hours ago

Jio Platforms (JPL) is preparing a capex-light strategy to commercially launch 6G services in the early 2030s through software upgrades, rather than fresh infrastructure investments, according to Akash Ambani, managing director of JPL.

India Inc Sees Fastest Revenue Growth in 15 Quarters

India Inc Sees Fastest Revenue Growth in 15 Quarters

Rediff.com24 Aug 2026

Indian listed companies experienced their fastest revenue growth in 15 quarters during Q1FY27, with combined net sales rising 18.4% year-on-year, while net profit grew 16%, primarily driven by mining, metals, and banking sectors, despite a contraction in operating margins due to higher input costs.

Employers can now claim ITC on group health, life insurance for staff

Employers can now claim ITC on group health, life insurance for staff

Rediff.com7 days ago

The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.

Kumar Mangalam Birla: AI Investments Must Yield Returns, Avoid FOMO

Kumar Mangalam Birla: AI Investments Must Yield Returns, Avoid FOMO

Rediff.com3 days ago

Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a "fear of missing out." Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an "AI arms race" mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.

Why India's Global Capability Centres Struggle With AI Scaling

Why India's Global Capability Centres Struggle With AI Scaling

Rediff.com23 Sep 2026

A joint report by Dell Technologies and Zinnov reveals that despite high ambition, nearly 70% of India's Global Capability Centres (GCCs) are stuck at the pilot stage for AI adoption. Foundational gaps in data, infrastructure, and governance are identified as key bottlenecks preventing the scaling of AI initiatives into enterprise-wide production. The report highlights the need for significant reskilling of the workforce and robust foundations for industrialising AI responsibly.

HDFC Bank, Axis, Kotak Mahindra See Robust Deposit Growth in Q2

HDFC Bank, Axis, Kotak Mahindra See Robust Deposit Growth in Q2

Rediff.com3 days ago

India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.

Sebi's softer touch cuts IPO rejections to just 2 in FY26

Sebi's softer touch cuts IPO rejections to just 2 in FY26

Rediff.com21 Apr 2026

The Securities and Exchange Board of India (Sebi) has significantly reduced the number of draft offer documents returned or rejected, dropping from 17 in FY25 to just two in FY26, thanks to a more facilitative and engagement-first regulatory approach.

India's FY27 growth to moderate in H2 amid inflation, liquidity risks: DBS

India's FY27 growth to moderate in H2 amid inflation, liquidity risks: DBS

Rediff.com22 Sep 2026

India's economy is projected to lose momentum in the second half of fiscal 2026-27, with tighter financial conditions, elevated energy prices, and broadening inflation pressures posing significant risks, according to DBS Bank economist Radhika Rao.

Wipro reports marginal profit dip in Q2, revenue up 9%

Wipro reports marginal profit dip in Q2, revenue up 9%

Rediff.com23 hours ago

Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.

FY26 Direct Tax Collection Rises 5% to Rs 23.40 Lakh Crore, Misses Revised Target

FY26 Direct Tax Collection Rises 5% to Rs 23.40 Lakh Crore, Misses Revised Target

Rediff.com4 May 2026

India's net direct tax collections increased by 5.12 per cent to over Rs 23.40 lakh crore in the 2025-26 fiscal year, but this figure still fell short of the revised budget target of Rs 24.21 lakh crore, primarily due to income tax cuts implemented earlier in the year.

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.

Nexon as Osprey: Tata Motors expands South Africa portfolio

Nexon as Osprey: Tata Motors expands South Africa portfolio

Rediff.com9 Sep 2026

Tata Motors Passenger Vehicles (TMPV) is strategically expanding its international footprint by launching the Nexon, rebranded as Osprey, in South Africa, a move set to significantly boost its export volumes and solidify India's position as a major automotive export hub.

NCLT records highest-ever quarterly resolution plan approvals despite vacancies

NCLT records highest-ever quarterly resolution plan approvals despite vacancies

Rediff.com8 Oct 2026

The National Company Law Tribunal (NCLT) approved a record 107 resolution plans in the second quarter of financial year 2026-27 (Q2FY27), its highest quarterly performance, despite ongoing challenges such as member vacancies and infrastructure constraints.

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.

RBI Deputy Governor: UPI MDR won't trigger shift back to cash

RBI Deputy Governor: UPI MDR won't trigger shift back to cash

Rediff.com19 Sep 2026

RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.

Oversupply Looms: India's Cement Sector Braces for Pricing Pressure

Oversupply Looms: India's Cement Sector Braces for Pricing Pressure

Rediff.com16 Sep 2026

India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.

Why India's Banks Need A Five-Day Week

Why India's Banks Need A Five-Day Week

Rediff.com6 Oct 2026

A two-day weekend would help employees recover physically and mentally. They would return better prepared for branch work that demands patience, judgment, and accuracy, asserts Tamal Bandyopadhyay.

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.

Meesho's unique value-commerce model faces stiff competition, premium valuations

Meesho's unique value-commerce model faces stiff competition, premium valuations

Rediff.com3 Oct 2026

Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.

Tata Group Faces Massive Funding Challenge

Tata Group Faces Massive Funding Challenge

Rediff.com26 Aug 2026

Tata Sons has the balance sheet to support them, for now.

Mid-Size SUVs Fuel 87% Surge in India's EV Sales in FY26

Mid-Size SUVs Fuel 87% Surge in India's EV Sales in FY26

Rediff.com27 Apr 2026

India's electric passenger vehicle market saw an 87.4 per cent year-on-year increase in FY26, reaching 233,246 units, primarily driven by the mid-size SUV segment (20-30 lakh price bracket), while the entry-level segment (sub-10 lakh) experienced a decline.

Accel's 11-Year Bet on RentoMojo Pays Off with Strong IPO Debut

Accel's 11-Year Bet on RentoMojo Pays Off with Strong IPO Debut

Rediff.com21 Sep 2026

Accel's early investment in RentoMojo, a furniture and appliance rental platform, has paid off handsomely with the company's strong debut on the stock exchanges, listing nearly 19 per cent above its issue price after a significantly oversubscribed IPO.

HCLTech Q2 FY27 Profit Jumps 21% to Rs 5,132 Crore, Driven by Advanced AI Growth

HCLTech Q2 FY27 Profit Jumps 21% to Rs 5,132 Crore, Driven by Advanced AI Growth

Rediff.com4 days ago

HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.

Moody's upgrades India's FY27 GDP growth to 7%, warns of crude, El Nino inflation

Moody's upgrades India's FY27 GDP growth to 7%, warns of crude, El Nino inflation

Rediff.com18 Sep 2026

Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.

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.

How Did Tata Group Fare Under Chandra?

How Did Tata Group Fare Under Chandra?

Rediff.com21 Aug 2026

N Chandrasekaran not only faces muted financial performance from the group's listed companies, but also mounting losses at Tata Sons' unlisted subsidiaries, many of which have been set up by him in the last decade.

Why IIT-Bombay Wants UPI MDR Cut To 0.08%

Why IIT-Bombay Wants UPI MDR Cut To 0.08%

Rediff.com5 days ago

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.

Commercial Coal Block Auctions to Generate 55,000 Crore Investment, 490,000 Jobs

Commercial Coal Block Auctions to Generate 55,000 Crore Investment, 490,000 Jobs

Rediff.com15 Sep 2026

The Indian coal ministry announced that 147 commercial coal blocks auctioned since 2020 are expected to attract approximately 55,000 crore in capital investment, generate 490,000 jobs, and contribute significantly to state revenues.

Premiumisation to fuel 8-11% residential sales value growth in top 7 cities by FY27: Icra

Premiumisation to fuel 8-11% residential sales value growth in top 7 cities by FY27: Icra

Rediff.com27 Aug 2026

Icra predicts that the top seven Indian cities will see an 8-11 per cent year-on-year growth in housing sales value by FY27, reaching approximately 7.9 trillion, primarily driven by the ongoing trend of premiumisation and a favourable product mix.

Hyundai Bets $15.5 Billion on India, Plans 26 Models

Hyundai Bets $15.5 Billion on India, Plans 26 Models

Rediff.com2 days ago

India remains one of the Hyundai Motor group's most important and strategic markets globally. The initiative positions India as a strategic core market for the group's growth, emerging market expansion, and next-generation automotive innovation.

F&O: When Trading Turns Into Gambling

F&O: When Trading Turns Into Gambling

Rediff.com22 Sep 2026

88 per cent of individual traders lost money during FY26. Until we recognise gambling dressed up as option buying for what it is, we will keep treating the wrong disease, asserts Harsh Roongta.