News for 'Financial Development'

Sebi to widen AI surveillance net to detect financial misstatements

Sebi to widen AI surveillance net to detect financial misstatements

Rediff.com1 days ago

The Securities and Exchange Board of India (Sebi) is set to expand its artificial intelligence (AI)-based surveillance beyond trading data to include corporate filings, aiming to proactively flag financial misstatements and manipulation in quarterly results without relying solely on investor complaints.

Sebi to overhaul SME listing framework, tighten AI/ML accountability in financial markets

Sebi to overhaul SME listing framework, tighten AI/ML accountability in financial markets

Rediff.com7 days ago

The Securities and Exchange Board of India (Sebi) is set to undertake a comprehensive overhaul of the small and medium enterprise (SME) listing framework and tighten accountability around the use of artificial intelligence (AI) and machine learning (ML) in financial markets, Sebi Chairman Tuhin Kanta Pandey announced.

India's Top Developers Target Rs 1.8 Trillion in Presales by FY27 Amidst Market Resilience

India's Top Developers Target Rs 1.8 Trillion in Presales by FY27 Amidst Market Resilience

Rediff.com13 Aug 2026

India's top 11 listed real estate developers are projected to achieve combined presales of 1.82 trillion by FY27, a significant increase from 1.49 trillion in FY26, demonstrating sustained sales momentum despite market challenges.

Chhattisgarh Government Commits Rs 100 Crore To Sports Development

Chhattisgarh Government Commits Rs 100 Crore To Sports Development

Rediff.com28 Jul 2026

Chhattisgarh Chief Minister Vishnu Deo Sai announced a Rs 100 crore allocation for sports infrastructure and athlete development during a Sports Conclave in Raipur. The state government is focused on promoting sports, nurturing talent, and providing employment opportunities for outstanding sportspersons, alongside organising major sporting events like the Bastar and Surguja Olympics.

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Rediff.com4 Aug 2026

Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.

How PSBs Plan To Target Gen Z

How PSBs Plan To Target Gen Z

Rediff.com1 days ago

Finance Minister Nirmala Sitharaman urged PSBs to become 'cool' and shed their 'government bank' image to attract young customers.

Netflix Is Offering A Scholarship For...

Netflix Is Offering A Scholarship For...

Rediff.com1 hour ago

IICT and Netflix are offering scholarships to 100 students and working professionals, with up to 80 per cent financial support for courses in animation, VFX, gaming and creative technologies.

Ram Temple Trust declines financial disclosure amid SIT probe

Ram Temple Trust declines financial disclosure amid SIT probe

Rediff.com25 Jun 2026

The Ram Janmabhoomi Teerth Kshetra Trust secretary, Champat Rai, has declined to provide financial details, including income, expenditure, and donations, citing an ongoing Special Investigation Team (SIT) probe. This decision follows a complaint to the Prime Minister's Office by BJP leader Rajneesh Singh, seeking transparency on the utilisation of funds for the Ram temple project.

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Rediff.com13 Jul 2026

Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.

How UPI Revolutionised India's Digital Payments Ecosystem

How UPI Revolutionised India's Digital Payments Ecosystem

Rediff.com3 days ago

The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.

Defence Commanders Get Bigger Financial Powers

Defence Commanders Get Bigger Financial Powers

Rediff.com5 Jun 2026

Army, Navy and Air Force commanders received enhanced powers to address urgent operational requirements quickly.

Three Business Dailies Set to Launch

Three Business Dailies Set to Launch

Rediff.com5 days ago

The last major business daily to launch in India was Financial Chronicle in April 2008, preceded by Mint on February 1, 2007.

How India's Digital Ecosystem Propelled UPI To Global Success

How India's Digital Ecosystem Propelled UPI To Global Success

Rediff.com2 days ago

Arunachal Pradesh Chief Minister Pema Khandu highlighted that the success of UPI, which handles nearly half of the world's real-time digital transactions, stems from a collaborative ecosystem including financial inclusion, digital identity, and affordable internet. He attributed this digital payments revolution to the vision of PM Narendra Modi.

'Save this league': India women make passionate plea for Women's HIL

'Save this league': India women make passionate plea for Women's HIL

Rediff.com2 days ago

India women's hockey players urge the Sports Ministry and corporates to save the Women's HIL, saying the league is vital for developing future talent.

Hospitals Oppose Room Rate Cap

Hospitals Oppose Room Rate Cap

Rediff.com6 hours ago

'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'

K'taka Oppn to lay siege to assembly on Monday over DKS minister's removal

K'taka Oppn to lay siege to assembly on Monday over DKS minister's removal

Rediff.com3 days ago

Leader of the Opposition in the Karnataka assembly R Ashoka on Sunday announced that the Bharatiya Janata Party and its ally Janata Dal-Secular would lay siege to Vidhana Soudha in Bengaluru on August 24 seeking the removal of planning and statistics minister B Nagendra from the cabinet.

India, US Equity Markets Less Attractive on FCF Yields; Real Estate Sales Moderate

India, US Equity Markets Less Attractive on FCF Yields; Real Estate Sales Moderate

Rediff.com3 days ago

A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.

Lost Your Job? Protect Your Finances

Lost Your Job? Protect Your Finances

Rediff.com1 days ago

List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.

Google Asked To Urgently Remove Fake Bank Web Sites

Google Asked To Urgently Remove Fake Bank Web Sites

Rediff.com5 days ago

Phishing sites mimicked SBI, ICICI Bank and Axis Bank to steal card details and OTPs.

Crude price, US-Iran conflict to dictate market trends

Crude price, US-Iran conflict to dictate market trends

Rediff.com3 days ago

Analysts predict that crude oil prices and the ongoing US-Iran conflict will be the primary drivers of stock market movements, with investors also closely watching the Jackson Hole symposium for cues on interest rates.

Bullion set to shine next week as traders await US inflation data, Fed signals

Bullion set to shine next week as traders await US inflation data, Fed signals

Rediff.com3 days ago

Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.

Delhi Lakshmi Yojana: Ineligibility Leads To Fund Recovery

Delhi Lakshmi Yojana: Ineligibility Leads To Fund Recovery

Rediff.com17 Aug 2026

The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.

AI training to free coaching: Modi's big youth push on I-Day

AI training to free coaching: Modi's big youth push on I-Day

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has outlined a comprehensive plan to empower India's youth, including training one crore youngsters in artificial intelligence skills and providing free online coaching for competitive examinations, aiming to position them at the forefront of the nation's journey to become a developed nation by 2047.

TCS And Google Cloud Unveil Gemini Experience Centre In Mexico City

TCS And Google Cloud Unveil Gemini Experience Centre In Mexico City

Rediff.com11 Aug 2026

Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.

PM promises Rs 1 lakh crore Innovation Fund for start-ups

PM promises Rs 1 lakh crore Innovation Fund for start-ups

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.

India bags first-ever vice presidency of Paris-based financial watchdog FATF

India bags first-ever vice presidency of Paris-based financial watchdog FATF

Rediff.com20 Jun 2026

India was on Friday accorded the vice presidency of the Financial Action Task Force (FATF), the global body that sets standards for combating money laundering and terrorist financing, for the first time.

Trump announces 'Economic D-Day' against Iran, warns countries helping Tehran

Trump announces 'Economic D-Day' against Iran, warns countries helping Tehran

Rediff.com7 days ago

US President Donald Trump has declared an 'economic D-Day' against Iran, unveiling what he terms the 'most crushing economic operation ever taken' and warning global entities against providing any support to Tehran.

Al-Qaeda behind Red Fort terror attack that killed 15: UN report

Al-Qaeda behind Red Fort terror attack that killed 15: UN report

Rediff.com13 Aug 2026

A new UN Security Council report has 'officially attributed' the November 2025 Red Fort terror attack in New Delhi, which killed about 15 people, to Al-Qaeda in the Indian Subcontinent (AQIS). The report highlights AQIS's evolution into a regional terrorist entity and its efforts to establish networks.

Gujarat Boosts Athlete Support With Shaktidoot 2.0 Scheme And Rs 388 Crore Infrastructure

Gujarat Boosts Athlete Support With Shaktidoot 2.0 Scheme And Rs 388 Crore Infrastructure

Rediff.com11 Aug 2026

Gujarat Deputy Chief Minister Harsh Sanghavi has launched the 'Shaktidoot 2.0' statewide sports scheme, significantly increasing financial assistance for athletes up to Rs 50 lakh. The initiative also focuses on identifying grassroots talent, supporting differently-abled players, and inaugurating sports complexes and libraries worth over Rs 388 crore. The scheme introduces a transparent, performance-based selection process and immediate aid for exceptional non-scheme players.

Union cabinet approves high court bench for Ladakh

Union cabinet approves high court bench for Ladakh

Rediff.com6 days ago

The Union Cabinet has approved the establishment of a High Court bench in Ladakh, a move lauded by Home Minister Amit Shah and Lt Governor Vinai Kumar Saxena as a significant step towards improving access to justice and ensuring the all-round development of the Union Territory.

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Rediff.com14 Aug 2026

Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Reliance, Rolls-Royce join hands to build India's fighter jet engine

Rediff.com14 Aug 2026

Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Rediff.com18 Aug 2026

India's six publicly listed Real Estate Investment Trusts (REITs) collectively distributed approximately 3,136 crore to over 485,000 unitholders during the first quarter (April-June) of the current financial year (FY27), demonstrating the sector's resilience despite global uncertainties.

India Inc's foreign borrowing intent surges to $6 billion in June

India Inc's foreign borrowing intent surges to $6 billion in June

Rediff.com7 Aug 2026

Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.

'India needs deeper bond, forex, derivatives markets for Viksit Bharat'

'India needs deeper bond, forex, derivatives markets for Viksit Bharat'

Rediff.com28 Jul 2026

Reserve Bank of India Deputy Governor Rohit Jain has stated that India cannot rely solely on bank balance sheets to fund the extensive investment required for its 'Viksit Bharat' (developed India) goal by 2047, emphasising the critical need for deeper corporate bond, foreign exchange, and derivatives markets.

US Moves to Regulate Crypto. What Will India Do?

US Moves to Regulate Crypto. What Will India Do?

Rediff.com19 Aug 2026

The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.

Irdai's crackdown on insurer operating costs signals stricter compliance

Irdai's crackdown on insurer operating costs signals stricter compliance

Rediff.com3 days ago

The Insurance Regulatory and Development Authority of India's (Irdai) recent actions against insurers for breaching expense of management (EoM) limits indicate a serious commitment to enforcing operating and distribution cost controls, according to industry experts.

Saina Nehwal urges India to prioritise medal tally for true sporting nation status

Saina Nehwal urges India to prioritise medal tally for true sporting nation status

Rediff.com15 Aug 2026

Former world No. 1 shuttler Saina Nehwal has stated that India's true measure as a 'sporting nation' will be its position in the global medals tally, not just hosting major tournaments. She highlighted the significant progress made by women in sports but emphasised the need for better financial backing, sponsorships, and comprehensive support systems including psychologists and proper coaching from an early age to nurture more champions.

NEET UG Counselling 2026: Govt Vs Private MBBS College: Which Is Better?

NEET UG Counselling 2026: Govt Vs Private MBBS College: Which Is Better?

Rediff.com7 days ago

High fees do not automatically translate into better teaching or stronger clinical exposure, points out Nayagam PP, career counsellor and founder of EduJob360.

Maharashtra Forms Task Force For Drone Policy Implementation

Maharashtra Forms Task Force For Drone Policy Implementation

Rediff.com13 Aug 2026

The Maharashtra government is setting up a ministerial task force, led by Minister Ashish Shelar, to ensure the effective implementation of its drone policy. Chief Minister Devendra Fadnavis announced this, emphasising the need for a "policy of policies" to integrate R&D, manufacturing, testing, and subsidies, and to strengthen the state's drone ecosystem, including developing a 'Drone City'.