News for 'Financial Development'

Delhi Police Bust Cyber Fraud Ring, Arrest Two

Delhi Police Bust Cyber Fraud Ring, Arrest Two

Rediff.com19 May 2026

Delhi Police have dismantled a cyber fraud racket involving malicious mobile applications, arresting two individuals, including the alleged mastermind from Uttar Pradesh. The accused developed and supplied 'FUD' APK files to cyber fraudsters across the country, enabling them to gain remote access to victims' phones and siphon off money.

'Psycho killer' poisons 8 men with borax powder, attends their funeral

'Psycho killer' poisons 8 men with borax powder, attends their funeral

Rediff.com23 Jun 2026

A 46-year-old shopkeeper, Ram Sahay Jaiswal, has been arrested in Chhattisgarh's Balodabazar district for allegedly poisoning eight men with borax powder over four months, driven by revenge and grudges.

Why India Is Set To Spearhead Global AI Deployment

Why India Is Set To Spearhead Global AI Deployment

Rediff.com27 May 2026

A senior Microsoft executive says India is uniquely positioned to lead the next phase of global AI deployment, driven by a massive developer base, rapid enterprise adoption, and robust digital public infrastructure.

Iran, Israel trade strikes for 1st time since truce; raising war fears

Iran, Israel trade strikes for 1st time since truce; raising war fears

Rediff.com8 Jun 2026

Tensions in West Asia have dramatically escalated as Israel launched targeted military operations against Iran, triggering widespread blasts across strategic cities, following earlier Iranian projectile attacks on Israel.

Titan's expansion plans earn glittering outlook

Titan's expansion plans earn glittering outlook

Rediff.com6 Jun 2026

Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.

Speaker Om Birla to decide fate of rebel TMC bloc as NCPI eyes major LS leap

Speaker Om Birla to decide fate of rebel TMC bloc as NCPI eyes major LS leap

Rediff.com17 Jun 2026

The Nationalist Citizens Party of India (NCPI) has named Jyotiprakash Chatterji as its new president, a development that follows the merger of a Trinamool Congress (TMC) rebel Lok Sabha faction with the party. This announcement by Kakoli Ghosh Dastidar, a key figure in the dissident camp, comes amidst speculation about the party's leadership after its founder stepped down. However, details about Chatterji and the party's internal workings remain unclear, with some existing members expressing unawareness of the change.

Fresh blow to Mamata: TMC's Rs 675-cr war chest becomes new battleground

Fresh blow to Mamata: TMC's Rs 675-cr war chest becomes new battleground

Rediff.com18 Jun 2026

The internecine war within the Trinamool Congress took a new turn on Thursday with "party treasurer" Aroop Biswas writing to a bank seeking restrictions on the operation of the party's accounts, citing uncertainty over its legitimate leadership amid rebellions by MLAs and MPs.

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

Rediff.com4 Jun 2026

The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

ED Nabs Man In Rs 9.27 Crore Bharatmala Land Scam

Rediff.com4 Jun 2026

The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.

'Small-Caps Represent Best Opportunity In India'

'Small-Caps Represent Best Opportunity In India'

Rediff.com16 Jun 2026

'The real money in India over the coming period is likely to be made in small-cap stocks rather than in the large-cap benchmark names.'

Vedanta Aluminium Metal set to be top performer post-demerger

Vedanta Aluminium Metal set to be top performer post-demerger

Rediff.com24 Jun 2026

The demerger of Vedanta's four new entities - Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel - has led to a 16% appreciation in aggregated market capitalisation, with Vedanta Aluminium Metal identified as a likely near-term top performer due to its scale, low production costs, and favourable commodities cycle.

Bajaj Finserv To Invest In AI, Tech Startups Over Five Years

Bajaj Finserv To Invest In AI, Tech Startups Over Five Years

Rediff.com28 May 2026

Bajaj Finserv announced a strategic initiative to invest up to Rs 2,000 crore in artificial intelligence and technology-led startups over the next five years, along with a collaboration with IIT-Bombay for joint research.

480 new entrants entered Indian automobile sector last year, mostly in EVs

480 new entrants entered Indian automobile sector last year, mostly in EVs

Rediff.com22 Jun 2026

India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.

How SIPs Beat Inflation, Build Retirement Wealth

How SIPs Beat Inflation, Build Retirement Wealth

Rediff.com29 May 2026

Start SIPs early, increase investments steadily, and let compounding beat inflation to secure retirement wealth, says Ramalingam Kalirajan

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.

NSE IPO: Draft Papers Likely Next Week After Decade-Long Delay

NSE IPO: Draft Papers Likely Next Week After Decade-Long Delay

Rediff.com14 Jun 2026

The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.

Govt Clears Cancer Drug Price Hike

Govt Clears Cancer Drug Price Hike

Rediff.com11 Jun 2026

'While higher prices may create some financial burden for patients and caregivers in the short term, uninterrupted access to treatment remains the greater priority.'

ED Conducts Fresh Searches In Ex-Cop's Extortion Case

ED Conducts Fresh Searches In Ex-Cop's Extortion Case

Rediff.com27 May 2026

The Enforcement Directorate (ED) conducted fresh searches at the Kandi residence of arrested former Kolkata Police officer Santanu Sinha Biswas in connection with the alleged 'Sona Pappu' extortion and land-grab case.

Vijay concludes maiden Delhi visit, skips meeting Gandhis

Vijay concludes maiden Delhi visit, skips meeting Gandhis

Rediff.com28 May 2026

Tamil Nadu Chief Minister C Joseph Vijay concluded his first official visit to Delhi, meeting with Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to discuss key state issues.

Make Iran pay: US weighs using frozen assets for Gulf reconstruction

Make Iran pay: US weighs using frozen assets for Gulf reconstruction

Rediff.com7 Jun 2026

A source familiar with US Treasury Secretary Scott Bessent's thinking revealed on Saturday that the department "intends to utilise all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran."

ED Attaches Unitech Group Assets In Money Laundering Case

ED Attaches Unitech Group Assets In Money Laundering Case

Rediff.com29 May 2026

The Enforcement Directorate has attached assets worth Rs 634 crore of a Unitech Group realty project in Noida as part of a money laundering investigation linked to alleged fraud with homebuyers.

US navy hits sanctioned tanker off Oman, all 24 Indians safe

US navy hits sanctioned tanker off Oman, all 24 Indians safe

Rediff.com9 Jun 2026

An oil tanker carrying 24 Indian seafarers reported a fire off the coast of Oman, with all crew members confirmed safe. The incident occurred amidst renewed hostilities between Israel and Iran, who exchanged attacks on petrochemical facilities.

C2i Semiconductors Achieves Milestone With AI Chip Design In India

C2i Semiconductors Achieves Milestone With AI Chip Design In India

Rediff.com28 May 2026

Semiconductor startup C2i Semiconductors announced it has taped out a smart power stage chip designed for artificial intelligence infrastructure, marking a significant milestone for India's ambitions in domestic semiconductor production.

Forward Deployed Engineers In High Demand

Forward Deployed Engineers In High Demand

Rediff.com15 Jun 2026

In the first three quarters of 2025, FDE job demand jumped by nearly 800 per cent.

Which Industries Will Give Bigger Salary Hikes?

Which Industries Will Give Bigger Salary Hikes?

Rediff.com10 Jun 2026

'While salary increments are moderating compared to last year, not all functions are moving at the same pace.'

Father's Day: Fathers Of 18 Famous Indians

Father's Day: Fathers Of 18 Famous Indians

Rediff.com21 Jun 2026

Who are the special fathers of these famous Indians? The paternal figures responsible for putting them on the right path and helping them find greatness.

How Haryana's Auto-Mutation System Is Revolutionising Land Records

How Haryana's Auto-Mutation System Is Revolutionising Land Records

Rediff.com9 Jun 2026

Haryana has significantly reformed its land records administration, reducing pending mutation cases by over 90% and implementing an auto-mutation system. This digitisation effort aims to make land management faster, more transparent, and technology-driven, improving efficiency and public trust.

Real Estate Businessman Arrested In Punjab Land Use Scam

Real Estate Businessman Arrested In Punjab Land Use Scam

Rediff.com23 May 2026

The Enforcement Directorate has arrested a real estate businessman in a money laundering investigation linked to submission of alleged fake consent letters for obtaining Change of Land Use (CLU) from the Punjab government.

'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.

US-Iran Negotiations, Crude Oil Prices to Dictate Indian Stock Market Trends

US-Iran Negotiations, Crude Oil Prices to Dictate Indian Stock Market Trends

Rediff.com24 May 2026

Indian stock markets are set to be influenced by developments in US-Iran negotiations, crude oil prices, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.

Indian Youth Adopt Work AI Faster Than Global Peers

Indian Youth Adopt Work AI Faster Than Global Peers

Rediff.com21 May 2026

A Deloitte survey reveals that Indian Gen Z and millennial professionals are rapidly adopting AI tools in the workplace, surpassing their global counterparts in usage and confidence, while also facing financial pressures and shifting workplace expectations.

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

Rediff.com17 Jun 2026

The simmering tension between former Cricket Association of Bengal (CAB) president Avishek Dalmiya and the current Sourav Ganguly-led establishment came out into the open on Wednesday, with the state cricket body's top brass issuing a strongly-worded rebuttal to allegations of corruption and governance failures barely three months before its annual general meeting.

Land Grab Suspect Appears Before Enforcement Directorate In Kolkata

Land Grab Suspect Appears Before Enforcement Directorate In Kolkata

Rediff.com18 May 2026

A man, identified as Sona Pappu, who is allegedly involved in land grabbing and extortion, appeared before the Enforcement Directorate in Kolkata in connection with its probe into a money laundering case.

L&T bets big on 'digital workers' to overcome manpower challenges in projects

L&T bets big on 'digital workers' to overcome manpower challenges in projects

Rediff.com9 Jun 2026

Larsen & Toubro (L&T) is significantly investing in automation, robotics, and technology-led solutions to scale up its construction activities, as increasing traditional manpower is no longer a viable growth option, according to CFO R Shankar Raman.

Bengal Government To Pursue CBI Investigation Into GTA Teacher Recruitment Scam

Bengal Government To Pursue CBI Investigation Into GTA Teacher Recruitment Scam

Rediff.com29 May 2026

West Bengal Chief Minister Suvendu Adhikari announced the state government will move the Supreme Court to vacate the stay on a CBI probe into the alleged Gorkhaland Territorial Administration teacher recruitment scam. The decision follows complaints of corruption and illegal teacher recruitment within the GTA.

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.

Aita Promises Player-Centric Approach, Transparent System

Aita Promises Player-Centric Approach, Transparent System

Rediff.com29 May 2026

The All India Tennis Association (AITA) leadership, led by President Chintan Parikh and Secretary General Sunder Iyer, has pledged to prioritise player welfare, transparent governance, and athlete representation if given a full term. They aim to transform Indian tennis by addressing past administrative issues and fostering a player-centric environment.

India's Demerger Trend Soars: Over $40 Billion in Deals in 2025

India's Demerger Trend Soars: Over $40 Billion in Deals in 2025

Rediff.com4 Jun 2026

Indian companies are increasingly opting for demergers, with 29 deals valued at over $40 billion in 2025 alone, marking a 10-year high, as promoters and boards recognise that markets favour focused businesses over complex conglomerates.

Centre notifies draft rules for VB-G RAM G rollout

Centre notifies draft rules for VB-G RAM G rollout

Rediff.com23 May 2026

The Centre has notified draft rules for the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, outlining the framework for the new rural employment programme replacing MGNREGA. The draft rules are open for public feedback until June 21, 2026.

India abstains from vote On UN climate change resolution: Here's why

India abstains from vote On UN climate change resolution: Here's why

Rediff.com21 May 2026

India abstained from voting on a UN General Assembly resolution concerning climate change obligations, citing concerns that it undermines the United Nations Framework Convention on Climate Change (UNFCCC). India believes climate obligations should be negotiated through the UN climate framework, emphasising differentiated responsibilities.