News for 'Financial Capacity'

Adani Group achieves record $16.1 billion capex, $10 billion EBITDA in FY26

Adani Group achieves record $16.1 billion capex, $10 billion EBITDA in FY26

Rediff.com2 Jun 2026

Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.

IndiGo's Q4 Loss Hits Rs 2,537 Crore Due to Rupee Depreciation, Operational Headwinds

IndiGo's Q4 Loss Hits Rs 2,537 Crore Due to Rupee Depreciation, Operational Headwinds

Rediff.com29 May 2026

IndiGo, India's largest airline, reported a net loss of Rs 2,536.9 crore in the March quarter of fiscal year 2025-26, primarily attributed to a significant foreign exchange loss of approximately Rs 8,100 crore, the impact of December flight disruptions, and expenses related to new labour laws.

The H-1 B Visa and the Fading American Dream

The H-1 B Visa and the Fading American Dream

Rediff.com8 Jul 2026

The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

Rediff.com25 Jun 2026

Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.

Despite Q4 Loss, Analysts See Strong Future for IndiGo

Despite Q4 Loss, Analysts See Strong Future for IndiGo

Rediff.com2 Jun 2026

Despite reporting a weaker-than-expected net loss of Rs 2,536 crore for Q4FY26, largely due to a significant non-cash forex loss, analysts remain optimistic about IndiGo's long-term prospects, citing strong demand trends, a favourable pricing outlook, and strategic cost-control measures.

Maruti Suzuki's mini-car sales jump 147% in April-May as production eases

Maruti Suzuki's mini-car sales jump 147% in April-May as production eases

Rediff.com2 Jun 2026

Maruti Suzuki India reported a significant 147 per cent year-on-year increase in mini-car sales (Alto and S-Presso) during April-May 2026, reaching 32,341 units, driven by eased production constraints and a surge in demand for CNG vehicles amidst rising fuel prices.

Rajesh Exports dismisses 'speculative' claims of inflated revenue, LIC share placement

Rajesh Exports dismisses 'speculative' claims of inflated revenue, LIC share placement

Rediff.com5 Jun 2026

Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.

AI171 crash: Life is 'far more difficult' for lone survivor

AI171 crash: Life is 'far more difficult' for lone survivor

Rediff.com12 Jun 2026

Viswashkumar Ramesh, the lone survivor of Flight 171 which crashed a year ago in Ahmedabad, has spoken out about his ongoing struggles with 'sleep, anxiety and difficult memories,' highlighting the profound and lasting impact of the disaster.

Purav Raja Demands Accountability In Indian Tennis Administration

Purav Raja Demands Accountability In Indian Tennis Administration

Rediff.com28 May 2026

Former India doubles player Purav Raja has called for a complete clean-up of Indian tennis administration, emphasising the need for accountability and transparency at all levels. He also questioned the eligibility of some office-bearers in the 2024 elections.

Hyundai Motor India's Q4 Profit Declines 22.2% to Rs 1,255.63 Crore

Hyundai Motor India's Q4 Profit Declines 22.2% to Rs 1,255.63 Crore

Rediff.com8 May 2026

Hyundai Motor India Ltd reported a 22.22 per cent decline in consolidated profit after tax to Rs 1,255.63 crore in the March quarter, primarily due to higher expenses, despite an increase in total revenue from operations.

Power Sector Energised by Strong Demand, Capex, Driving Stocks to New Highs

Power Sector Energised by Strong Demand, Capex, Driving Stocks to New Highs

Rediff.com29 May 2026

Shares of power generation-related companies surged on Wednesday, with the BSE Power index hitting a new high of 8,497, driven by strong demand, robust order books, and significant capital expenditure announcements from key players like Hitachi Energy India, Adani Green Energy, and CG Power and Industrial Solutions.

Air India cuts nearly 1000 domestic flights

Air India cuts nearly 1000 domestic flights

Rediff.com27 May 2026

Air India has temporarily reduced its domestic flights by 22 per cent due to the impact of high fuel prices, following a previous reduction in international flights. The airline is offering re-accommodation, date changes, or refunds to affected passengers.

Odisha Vigilance Raids Engineer, Seizes Crores In Cash And Assets

Odisha Vigilance Raids Engineer, Seizes Crores In Cash And Assets

Rediff.com6 Jun 2026

The Odisha Vigilance Department has uncovered assets worth crores of rupees, including over Rs 2 crore in cash, multiple properties, and gold, during raids on an assistant executive engineer. The engineer, Baikuntha Nath Behera, is under investigation for disproportionate assets. Separately, a lineman was arrested for accepting a bribe.

'India Has Enough Oil And Gas Beneath The Soil'

'India Has Enough Oil And Gas Beneath The Soil'

Rediff.com13 Jun 2026

'Exploration should be made easier and companies should be given operational flexibility.'

Hit-and-Run Case: Wife Appeals Against Bail for Minor Accused in Ghatkopar Accident

Hit-and-Run Case: Wife Appeals Against Bail for Minor Accused in Ghatkopar Accident

Rediff.com8 Apr 2026

The wife of a man killed in a hit-and-run accident in Ghatkopar, Mumbai, is challenging the Juvenile Justice Board's decision to grant bail to the 17-year-old accused, citing concerns about justice and evidence tampering.

PepsiCo India to invest Rs 5,700 crore by 2030 to boost production

PepsiCo India to invest Rs 5,700 crore by 2030 to boost production

Rediff.com20 May 2026

PepsiCo India plans a significant investment of Rs 5,700 crore by 2030 to enhance its production capabilities, focusing on its concentrate plant in Madhya Pradesh, a unit in Assam, and land acquisition in Tamil Nadu to expand its snack business footprint in South India.

Delhi Gymkhana seeks alternate land amid takeover row

Delhi Gymkhana seeks alternate land amid takeover row

Rediff.com26 May 2026

Delhi Gymkhana Club members call takeover "illegal" and highlight heritage and social value.

Despite global risks, top Indian carmakers bullish on FY27 domestic demand

Despite global risks, top Indian carmakers bullish on FY27 domestic demand

Rediff.com18 May 2026

India's leading passenger vehicle manufacturers are significantly increasing investments and factory capacities, alongside planning major product launches for FY27, driven by strong confidence in sustained domestic demand growth despite global geopolitical tensions and supply chain risks.

TVS Motor set for continued outperformance driven by EVs, premium bikes, and exports

TVS Motor set for continued outperformance driven by EVs, premium bikes, and exports

Rediff.com15 May 2026

TVS Motor Company is strategically positioned for sustained outperformance in the domestic two-wheeler industry, propelled by increasing market share in scooters, premium motorcycles, electric vehicles (EVs), and robust export growth, according to analysts.

Unsinkable Aircraft Carrier Vs Real Aircraft Carrier

Unsinkable Aircraft Carrier Vs Real Aircraft Carrier

Rediff.com19 Jun 2026

While the Andaman and Nicobar islands serve as a vital, stationary asset for projecting power in the Indian Ocean, referring to them as an unsinkable aircraft carrier ignores key military and geopolitical limitations, explains Commodore Venugopal Menon (retd).

BPCL earmarks Rs 25,000 crore capex for FY27, finds 'respite' in fuel price hike

BPCL earmarks Rs 25,000 crore capex for FY27, finds 'respite' in fuel price hike

Rediff.com20 May 2026

State-run Bharat Petroleum Corporation Ltd (BPCL) plans a significant capital expenditure of 25,000 crore for the financial year 2026-27, primarily for ongoing expansion projects. The company also stated that the recent 4-per-litre price hike in petrol and diesel has provided some financial relief amidst volatile crude oil prices and mounting losses.

'Great cricket fan': Lalit Modi on PM Modi's vision

'Great cricket fan': Lalit Modi on PM Modi's vision

Rediff.com4 Jun 2026

Former Indian Premier League chairman and cricket administrator Lalit Modi described Prime Minister Narendra Modi as a 'great cricket fan' and said his interactions with the Prime Minister were largely centred around the development of cricket infrastructure in Ahmedabad.

How Krutrim Became India's First AI Unicorn

How Krutrim Became India's First AI Unicorn

Rediff.com5 May 2026

Krutrim, India's first AI unicorn, has successfully repositioned itself as a focused domestic AI Cloud Services provider, reporting its first annual net profit in FY26.

Indian Super League moves to club-led model as September 4 kick-off confirmed

Indian Super League moves to club-led model as September 4 kick-off confirmed

Rediff.com9 Jun 2026

The All India Football Federation (AIFF) has agreed "in principle" to the club-led model of running the Indian Super League (ISL) for two years and has conveyed it to the sports minister, a top official said on Tuesday.

Piramal Pharma looks to return on growth path

Piramal Pharma looks to return on growth path

Rediff.com8 May 2026

Piramal Pharma anticipates a significant turnaround in financial year 2026-27 (FY27), projecting early-to-mid teens revenue expansion and a sharp improvement in profitability, driven by improved business momentum, new product acquisitions, and structural tailwinds.

Why Chinnaswamy lost IPL 2026 final? BCCI explains decision

Why Chinnaswamy lost IPL 2026 final? BCCI explains decision

Rediff.com7 May 2026

IPL chairman Arun Singh Dhumal explains the reasons behind shifting the IPL final from Bengaluru to Ahmedabad, citing higher seating capacity and an ICC board meeting.

No lapses will be tolerated: Pradhan reviews CBSE evaluation system

No lapses will be tolerated: Pradhan reviews CBSE evaluation system

Rediff.com28 May 2026

Union Education Minister Dharmendra Pradhan has directed officials to address issues faced by students regarding the CBSE examination system, following allegations of irregularities. The government has committed to transparency and accountability, assuring that all genuine concerns will be addressed effectively.

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.

Former Mohun Bagan President Swapan Sadhan Bose Dies At 79

Former Mohun Bagan President Swapan Sadhan Bose Dies At 79

Rediff.com13 May 2026

Former Mohun Bagan president Swapan Sadhan Bose, known as 'Tutu Babu', has died at the age of 79 after suffering a cardiac arrest. He played a key role in shaping Mohun Bagan in the modern era, including the merger with ATK.

Want To Own Ultra-Exclusive Cars?

Want To Own Ultra-Exclusive Cars?

Rediff.com15 Jun 2026

'I own a few cars that I have had specified minutely to my taste, and it does feel nice to know that there are no other vehicles like them anywhere in the world.'

Why Sea Chokepoints Have Become The New Battleground

Why Sea Chokepoints Have Become The New Battleground

Rediff.com2 Jun 2026

If Iran and Oman choose to charge a fee for rendering services to vessels using their territorial waters, so be it. The US is indulging in an irrationally self-destructive act, notes Ambassador M K Bhadrakumar.

US-China Rivalry Enters New Phase

US-China Rivalry Enters New Phase

Rediff.com27 May 2026

The Beijing summit may have reduced immediate diplomatic uncertainty, but it did not resolve the deeper structural contest between the United States and China. That contest appears likely to define the coming decade, notes Varun Arya.

High Court: Father-in-Law Liable for Widow's Maintenance

High Court: Father-in-Law Liable for Widow's Maintenance

Rediff.com1 Apr 2026

The Allahabad High Court has ruled that a woman is entitled to maintenance from her father-in-law even after her husband's death, under specific conditions outlined in the Hindu Adoption and Maintenance Act.

Why Gold Loan Boom Needs Caution

Why Gold Loan Boom Needs Caution

Rediff.com11 May 2026

Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.

Gautam Adani: Energy Security, Digital Infrastructure Key To Geopolitics

Gautam Adani: Energy Security, Digital Infrastructure Key To Geopolitics

Rediff.com11 May 2026

Gautam Adani emphasised the importance of energy security and digital infrastructure in shaping geopolitical power, urging India to develop sovereign capabilities across the AI value chain.

Former Mohun Bagan President Swapan Sadhan Bose Dies At 79

Former Mohun Bagan President Swapan Sadhan Bose Dies At 79

Rediff.com13 May 2026

Former Mohun Bagan President Swapan Sadhan Bose, known as 'Tutu Babu', has died at the age of 79 after suffering a cardiac arrest. He played a significant role in shaping Mohun Bagan, serving in various capacities for over three decades and overseeing transformative decisions.

CAE Inaugurates Advanced Pilot Training Centre in Mumbai

CAE Inaugurates Advanced Pilot Training Centre in Mumbai

Rediff.com15 Apr 2026

CAE Simulation Training has launched a new pilot training facility in Mumbai, its fourth in India, to address the increasing demand for skilled pilots in the rapidly growing domestic aviation market.

Odisha forest department buys Mahindra Thars from disaster fund, finds CAG

Odisha forest department buys Mahindra Thars from disaster fund, finds CAG

Rediff.com20 Apr 2026

A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.

Medical Tourism Revenues Grow Despite Conflicts

Medical Tourism Revenues Grow Despite Conflicts

Rediff.com26 May 2026

While the West Asia conflict has led to a drop in patient footfalls, hospitals are seeing higher realisations as international patients increasingly travel for complex, high-end procedures.

Coolcations Drive Summer Travel Surge

Coolcations Drive Summer Travel Surge

Rediff.com13 May 2026

As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.