News for 'Finance'

US visa curbs, AI surge will shape Indian IT in 2026

US visa curbs, AI surge will shape Indian IT in 2026

Rediff.com23 Dec 2025

India's $280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed $100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing.

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

Rediff.com8 Dec 2025

Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday.

'Insult to House': Uproar in RS over absence of Cabinet ministers

'Insult to House': Uproar in RS over absence of Cabinet ministers

Rediff.com12 Dec 2025

Chairman C P Radhakrishnan said he will take it up with the government and asked a junior minister to request the presence of a Cabinet minister in the House.

PM Internship Scheme Sees Lower Take-Up

PM Internship Scheme Sees Lower Take-Up

Rediff.com16 Dec 2025

While 28,141 applicants accepted internship in round one, in the second phase this was down to 24,638.

Sitharaman, TMC MP Saugata Roy spar over Hindi speech in Lok Sabha

Sitharaman, TMC MP Saugata Roy spar over Hindi speech in Lok Sabha

Rediff.com4 Dec 2025

Union Finance Minister Nirmala Sitharaman on Thursday lashed out at TMC MP Saugata Roy for objecting to her speaking in Hindi on a bill, pointing out that the translation technology allows members to listen to speeches in any language.

ITR forms under new Income Tax Act to be notified prior to FY28: Govt

ITR forms under new Income Tax Act to be notified prior to FY28: Govt

Rediff.com8 Dec 2025

The new income tax returns (ITR) form based on the I-T Act, 2025, will be notified prior to 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary said on Monday. The CBDT committee on simplification of ITR forms is carrying out extensive consultations with tax experts, institutional bodies, and field formations of the I-T Department, he said in a written reply in the Lok Sabha.

Airtel to call for Rs 15,741 cr tranche of rights issue

Airtel to call for Rs 15,741 cr tranche of rights issue

Rediff.com19 Dec 2025

India's second-largest telecom service provider Bharti Airtel will call in March 2026 the final tranche of about Rs 15,741 crore from its 2021 rights issue of Rs 21,000 crore, proceeds from which will be used towards retiring majority of non-government-related debt.

Rubaiyya Sayeed prime kidnapping suspect nabbed after 36 years

Rubaiyya Sayeed prime kidnapping suspect nabbed after 36 years

Rediff.com1 Dec 2025

The CBI arrested Shafat Ahmed Shangloo, an absconder carrying a Rs 10 lakh reward, in connection with the 1989 kidnapping of Rubaiyya Sayeed. He is allegedly part of a conspiracy hatched by the banned JKLF.

Exports up 19.37% to $38.13 bn in November

Exports up 19.37% to $38.13 bn in November

Rediff.com15 Dec 2025

India's exports jumped by 19.37 per cent to $38.13 billion in November, while imports dipped by 1.88 per cent to $62.66 billion, according to government data released on Monday.

BMW mows down senior finance ministry official in Delhi

BMW mows down senior finance ministry official in Delhi

Rediff.com15 Sep 2025

A senior official from the Union Ministry of Finance died and three others were injured after a BMW allegedly struck his motorcycle in Delhi. Police are investigating the incident.

Board nod must for bank entities to do same biz: RBI

Board nod must for bank entities to do same biz: RBI

Rediff.com6 Dec 2025

The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval to ensure that any overlap in business has proper rationale and justification.

Proposed Nuclear Bill Caps Liability At 3,000 Cr

Proposed Nuclear Bill Caps Liability At 3,000 Cr

Rediff.com16 Dec 2025

The operator's liability in the case of an incident is limited to 3,000 crore for reactors with thermal power above 3,600 Megawatt; 1,500 crore for reactors with thermal power between 1,500 Mw and 3,600 Mw; 750 crore for reactors with thermal power between 750 Mw and 1,500 Mw; 300 crore for reactors with thermal power between 150 Mw and 750 Mw; and 100 crore for reactors having thermal power up to 150 Mw, fuel cycle facilities other than spent fuel reprocessing plants and transportation of nuclear materials.

Worried About Gaps In Your Front Teeth?

Worried About Gaps In Your Front Teeth?

Rediff.com18 Dec 2025

rediffGURU Shyam Jamalabad, a dentist with over four decades of experience, offers practical advice about how to keep your teeth and gums healthy.

Sensex jumps 427 points on buying in metal, auto shares

Sensex jumps 427 points on buying in metal, auto shares

Rediff.com11 Dec 2025

Among the Sensex constituents, Eternal, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Maruti Suzuki India, Sun Pharmaceuticals, Tech Mahindra, HDFC Bank, Tata Motors Passenger Vehicles, Infosys, Trent, Mahindra & Mahindra, Reliance Industries and HCL Technologies were the gainers. However, Asian Paints, Bharti Airtel, Bajaj Finance, PowerGrid, Axis Bank, ICICI Bank and Titan were among the laggards.

Sensex down 275 points on fag-end selling

Sensex down 275 points on fag-end selling

Rediff.com10 Dec 2025

Among the Sensex constituents, Eternal, Trent, Bharti Airtel, Infosys, Tech Mahindra, UltraTech Cement, ICICI Bank, HDFC Bank, Bajaj Finance, Tata Consultancy Services, Bharat Electronics Ltd, Larsen & Toubro and Tata Motors Passenger Vehicles were the laggards. However, Tata Steel, Sun Pharmaceuticals, ITC, NTPC, Reliance Industries, HCL Technologies, PowerGrid, and Asian Paints were among the gainers.

New Rural Jobs Bill Sparks International Concern

New Rural Jobs Bill Sparks International Concern

Rediff.com20 Dec 2025

'Previously, contributing only 25 per cent of material costs, states now face burdens of 40 per cent to 100 per cent of total costs, ensuring poorer states will curb project approvals, directly stifling work demand.'

RBI Warns Against Stablecoins, Backs CBDCs

RBI Warns Against Stablecoins, Backs CBDCs

Rediff.com13 Dec 2025

'We have seen that stablecoins lack the basic attributes of money, their advantages are neither unique nor unambiguous and their risks are all too real.'

Former financial official executed in China over $ 57 mn bribery case

Former financial official executed in China over $ 57 mn bribery case

Rediff.com9 Dec 2025

China executed Bai Tianhui, a former top official of a state-owned financial firm, for accepting bribes totaling CNY 1.108 billion (about USD 157 million).

Airfares May Surge After Court Order

Airfares May Surge After Court Order

Rediff.com19 Dec 2025

The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.

Developers Must Rethink Coding For AI Era

Developers Must Rethink Coding For AI Era

Rediff.com12 Dec 2025

'Perhaps unlike any previous era of software, this one requires a rethink in even the lifecycle of how we build.'

Sensex tanks 610 pts; Nifty slips below 26K

Sensex tanks 610 pts; Nifty slips below 26K

Rediff.com8 Dec 2025

Among the Sensex constituents, Bharat Electronics Ltd, Eternal, Trent, Tata Steel, Bajaj Finance, Adani Ports, Bajaj Finserv, State Bank of India, PowerGrid, Asian Paints, Tata Motors Passenger Vehicles, Titan, NTPC, Kotak Mahindra Bank, Larsen & Toubro and Bharti Airtel were among the laggards. Tech Mahindra, HCL Technologies, Reliance Industries and HDFC Bank were the only gainers.

India, Russia call for 'uncompromising' global fight against terrorism

India, Russia call for 'uncompromising' global fight against terrorism

Rediff.com5 Dec 2025

India and Russia have called for an uncompromising global fight against terrorism without hidden agendas and double standards. Prime Minister Narendra Modi asserted that the menace is a direct attack on the values of humanity.

Australian PM ties knot at 62; Modi wishes newlyweds

Australian PM ties knot at 62; Modi wishes newlyweds

Rediff.com29 Nov 2025

Albanese, 62, who is divorced with an adult son, proposed to Haydon, 46, at The Lodge on Valentine's Day last year.

Cabinet OKs Private Entry into Nuclear Power

Cabinet OKs Private Entry into Nuclear Power

Rediff.com13 Dec 2025

The Bill is likely to pave the way for amending two existing legislations -- the Atomic Energy Act 1962, and the Civil Liability for Nuclear Damage Act 2010.

Sensex sheds 436 pts on profit booking in bank, oil shares

Sensex sheds 436 pts on profit booking in bank, oil shares

Rediff.com9 Dec 2025

Among the Sensex constituents, Asian Paints, Tech Mahindra, HCL Technologies, Tata Steel, Maruti Suzuki India, Sun Pharmaceuticals, Tata Consultancy Services, ICICI Bank, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra and Tata Motors Passenger Vehicles were the laggards. However, Eternal, Titan, Adani Ports, Bharat Electronics Ltd, State Bank of India, Bajaj Finserv, NTPC and Bharti Airtel were among the gainers.

IPOs increasingly becoming exit vehicles for early investors: CEA

IPOs increasingly becoming exit vehicles for early investors: CEA

Rediff.com21 Nov 2025

India's equity markets may have expanded rapidly, but initial public offerings (IPOs) are increasingly becoming exit vehicles for early investors rather than as engines for raising long-term capital, a shift that undermines the spirit of public markets, Chief Economic Advisor V Anantha Nageswaran warned on Monday at a CII event.

19 US states sue Trump admin over new fee on H-1B visas

19 US states sue Trump admin over new fee on H-1B visas

Rediff.com13 Dec 2025

Nineteen United States states have sued the Trump administration over its 'unlawful' decision to impose a $100,000 fee on new H-1B visa petitions, warning that the move will worsen labour shortages in key sectors such as health care, education and technology.

Sensex tanks nearly 504 pts, Nifty slips to 26,032

Sensex tanks nearly 504 pts, Nifty slips to 26,032

Rediff.com2 Dec 2025

Among Sensex firms, Axis Bank, HDFC Bank, Reliance Industries, ICICI Bank, Bharat Electronics and Larsen & Toubro were the biggest laggards. However, Asian Paints, Maruti, Bharti Airtel and Bajaj Finance were among the gainers.

Bengal SIR redraws voter map with over 58 lakh deletions

Bengal SIR redraws voter map with over 58 lakh deletions

Rediff.com17 Dec 2025

The Election Commission released the names of deleted voters in West Bengal ahead of the publication of the draft electoral rolls for the upcoming assembly elections.

Pan masala cess to boost public health, security

Pan masala cess to boost public health, security

Rediff.com8 Dec 2025

Experts said that earmarking of funds for public health at par with national security indicates a key policy shift.

'Hinduism Is A Large-Hearted Religion'

'Hinduism Is A Large-Hearted Religion'

Rediff.com10 Dec 2025

'If at all human beings require a religion, the future religion will be Hinduism.'

Nitin Nabin Was 7 Weeks Old When BJP Was Formed In 1980

Nitin Nabin Was 7 Weeks Old When BJP Was Formed In 1980

Rediff.com15 Dec 2025

BJP sources said the formal process to elect current party President J P Nadda's successor will begin in mid-January, following Makar Sankranti, with Nitin Nabin expected to be the frontrunner to file his nomination.

Budget 2026: Nirmalaji's Challenges, Opportunities

Budget 2026: Nirmalaji's Challenges, Opportunities

Rediff.com21 Nov 2025

The best course for the government at this time would be to tighten the seat belt a little more, without compromising on its investments in creating better infrastructure and giving a push to privatisation, points out A K Bhattacharya.

Best Career Options After Class 12 Beyond Engg, Medicine

Best Career Options After Class 12 Beyond Engg, Medicine

Rediff.com11 Dec 2025

rediffGURU Chocko Valliappa counsels students how to choose the right course and career after Class 12.

Stock markets rally as RBI cuts rate; Sensex jumps 447 points

Stock markets rally as RBI cuts rate; Sensex jumps 447 points

Rediff.com5 Dec 2025

From the Sensex firms, State Bank of India, Bajaj Finserv, Bajaj Finance, Maruti, HCL Tech, Larsen & Toubro, Mahindra & Mahindra and Infosys were among the major winners. However, Hindustan Unilever, Eternal, Tata Motors Passenger Vehicles, and Sun Pharma were among the laggards.

Fino 1st payments bank to get RBI nod to turn SFB

Fino 1st payments bank to get RBI nod to turn SFB

Rediff.com6 Dec 2025

Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB).

Sensex, Nifty hit fresh highs in early trade

Sensex, Nifty hit fresh highs in early trade

Rediff.com1 Dec 2025

From the Sensex firms, Adani Ports, Bharat Electronics, Eternal, Tata Motors Passenger Vehicles, State Bank of India and Kotak Mahindra Bank were among the biggest gainers. However, ITC, Bajaj Finance, Titan and Tech Mahindra were the laggards.

UAE stops giving visas to Pakistani nationals

UAE stops giving visas to Pakistani nationals

Rediff.com27 Nov 2025

A senior Pakistani official reveals the UAE is restricting visas for Pakistanis, while the UAE ambassador discusses visa facilitation reforms. Concerns about criminal activities and visit visa violations are cited.

FinMin: No Directions Given to LIC on Investments

FinMin: No Directions Given to LIC on Investments

Rediff.com2 Dec 2025

'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'

Pvt banks may lose ground again in FY26 as credit growth lags

Pvt banks may lose ground again in FY26 as credit growth lags

Rediff.com3 Dec 2025

India's private-sector banks are likely to lose market share for a second consecutive year in 2025-26, as their loan books continue to expand much slower than overall bank credit.