News for 'Financial Services'

How A Fake Payment Executive Scammed Delhi Shopkeepers

How A Fake Payment Executive Scammed Delhi Shopkeepers

Rediff.com17 Apr 2026

A 20-year-old man was arrested for allegedly posing as an employee of a digital payment platform and duping shopkeepers in East Delhi by claiming to check defective sound boxes.

Indian Carmakers Kick Off FY27 with Robust 27% Sales Surge in April

Indian Carmakers Kick Off FY27 with Robust 27% Sales Surge in April

Rediff.com1 May 2026

Indian carmakers experienced a robust start to the new fiscal year, with an estimated 4.5 lakh passenger vehicles sold in April, marking a 27 per cent increase year-on-year, attributed to factors like GST 2.0, repo rate cuts, and income tax benefits.

Kerala Offers Congress Golden Chance; Will It Deliver?

Kerala Offers Congress Golden Chance; Will It Deliver?

Rediff.com8 May 2026

Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.

Street signs: Bank-backed brokers may regain edge, IPO pipeline stalls

Street signs: Bank-backed brokers may regain edge, IPO pipeline stalls

Rediff.com6 Apr 2026

India's market landscape is undergoing significant shifts, with bank-backed brokerages potentially regaining dominance over discount platforms due to regulatory changes and increased taxes, while the IPO pipeline faces a slowdown amid heightened global volatility.

Chhattisgarh Suspends IG After Harassment Allegations Surface

Chhattisgarh Suspends IG After Harassment Allegations Surface

Rediff.com27 Mar 2026

The Chhattisgarh government has suspended Inspector General of Police Ratan Lal Dangi following a complaint of harassment and financial irregularities. An inquiry has been ordered into the allegations.

Why Did Atanu Chakraborty Quit HDFC Bank?

Why Did Atanu Chakraborty Quit HDFC Bank?

Rediff.com30 Mar 2026

'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'

Gulf War: Stocks That Tanked The Most

Gulf War: Stocks That Tanked The Most

Rediff.com14 Apr 2026

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.

Maharashtra Official Demands Action in TCS Sexual Harassment and Conversion Case

Maharashtra Official Demands Action in TCS Sexual Harassment and Conversion Case

Rediff.com13 Apr 2026

A Maharashtra Legislative Council official has demanded strict action against TCS employees in Nashik following allegations of sexual harassment and forced religious conversion. An SIT has been formed and arrests have been made.

Bank of Baroda and Reliance Jio Team Up to Expand Mobile Banking for Feature Phone Users

Bank of Baroda and Reliance Jio Team Up to Expand Mobile Banking for Feature Phone Users

Rediff.com13 Apr 2026

Bank of Baroda has partnered with Reliance Jio to provide access to its mobile banking application, 'bob World Lite', for users of Jio feature phones, aiming to promote financial inclusion and digital payments.

TCS Makes 25,000 Fresher Offers

TCS Makes 25,000 Fresher Offers

Rediff.com21 Apr 2026

These offers provide some relief to engineering students impacted by the uptake in artificial intelligence (AI) tools.

SFBs' universal licence dream: It's a long road ahead

SFBs' universal licence dream: It's a long road ahead

Rediff.com23 Apr 2026

The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.

TCS HR, AGM ignored 70 messages of harassment

TCS HR, AGM ignored 70 messages of harassment

Rediff.com15 Apr 2026

The HR manager at TCS Nashik is under investigation for allegedly suppressing complaints and shielding the accused in a harassment case involving multiple employees.

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

Rediff.com17 Apr 2026

HDFC Life Insurance reported a 4 per cent year-on-year increase in net profit to Rs 495.6 crore for Q4FY26, while its parent, HDFC Bank, announced a Rs 1,000 crore preferential share issuance to raise its stake to 50.5 per cent.

Chhattisgarh Government Suspends IG Over Misconduct Allegations

Chhattisgarh Government Suspends IG Over Misconduct Allegations

Rediff.com26 Mar 2026

The Chhattisgarh government has suspended Inspector General of Police Ratan Lal Dangi following a complaint of harassment and financial irregularities. The suspension is due to alleged violations of service conduct rules and unbecoming behaviour.

MF launches taper off in March in the midst of West Asia flare-up

MF launches taper off in March in the midst of West Asia flare-up

Rediff.com2 Apr 2026

Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.

War, Rain Dampen Q4 Consumer Durables Sales, Especially ACs

War, Rain Dampen Q4 Consumer Durables Sales, Especially ACs

Rediff.com20 Apr 2026

Increased input costs due to geopolitical conflict in West Asia and unseasonal rain in March negatively impacted volumes of consumer durables makers, particularly air conditioners, in Q4FY26, leading to projected declines in EBITDA and APAT despite revenue growth.

Power shift in Andhra: CM Naidu hands key TDP role to son Nara Lokesh

Power shift in Andhra: CM Naidu hands key TDP role to son Nara Lokesh

Rediff.com29 Apr 2026

Chandrababu Naidu has reorganised the Telugu Desam Party (TDP), appointing his son Nara Lokesh as working president and emphasising a blend of experienced and new leaders to strengthen the party.

TCS announces annual salary hikes, prioritises AI skills

TCS announces annual salary hikes, prioritises AI skills

Rediff.com10 Apr 2026

Tata Consultancy Services (TCS) has announced annual salary hikes effective April 1, with top performers receiving double-digit increases, while also renewing its multi-year strategic partnership with UK retailer Marks & Spencer (M&S) to support its omnichannel and data-driven transformation with AI.

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.

Cognizant CEO Ravi Kumar's Compensation Jumped 28% to $21.5 Million Last Year

Cognizant CEO Ravi Kumar's Compensation Jumped 28% to $21.5 Million Last Year

Rediff.com18 Apr 2026

Cognizant CEO Ravi Kumar's annual compensation increased by 28 per cent to $21.5 million in 2025, while CFO Jatin Dalal's compensation dropped by 30 per cent to $7.08 million, according to a recent proxy statement.

Airline stocks fly into rough weather again

Airline stocks fly into rough weather again

Rediff.com19 Mar 2026

India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.

Second-round effects of supply shocks a real concern, says RBI governor

Second-round effects of supply shocks a real concern, says RBI governor

Rediff.com21 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.

Key Arms Trafficking Operative with Pakistan Links Arrested in Delhi

Key Arms Trafficking Operative with Pakistan Links Arrested in Delhi

Rediff.com15 Apr 2026

Delhi Police have arrested Harsh Pal Singh, a key operative in a transnational arms trafficking and terror module with alleged links to Pakistan-based handlers. Singh is associated with jailed gangster Lawrence Bishnoi and is accused of receiving illegal arms consignments and mediating in extortion cases.

Why Afghanistan's Anti-Doping Efforts Are Failing

Why Afghanistan's Anti-Doping Efforts Are Failing

Rediff.com17 Apr 2026

Afghanistan's anti-doping programme has collapsed since the Taliban's return to power, with no tests conducted for three years and the country's exiled anti-doping chief admitting there is currently 'no hope'. The programme faces numerous challenges, including a lack of Doping Control Officers, logistical issues, and political instability.

India-US trade deal brings glimmer of hope for beleaguered IT services players

India-US trade deal brings glimmer of hope for beleaguered IT services players

Rediff.com11 Feb 2026

The India-US trade deal has offered a much-needed breather for the Indian information technology (IT) industry, which has been grappling with global macroeconomic uncertainty and subdued client spending over the past few years.

ED Arrests I-PAC Co-founder in Money Laundering Probe

ED Arrests I-PAC Co-founder in Money Laundering Probe

Rediff.com14 Apr 2026

The Enforcement Directorate (ED) has arrested I-PAC co-founder Vinesh Chandel in connection with a money laundering case linked to the coal scam probe in West Bengal, escalating tensions ahead of the state's Assembly elections.

Even If US, Iran Signed Deal Today, Hormuz Strait Won't...

Even If US, Iran Signed Deal Today, Hormuz Strait Won't...

Rediff.com23 Apr 2026

...reopen for up to six months. Until then, the Strait stays nearly closed. The world pays. And no one, including the man who started this, can say when it ends, notes Prem Panicker in his must read blog on the Iran War.

Agar didi...: Accused in IRS officer's daughter rape-murder

Agar didi...: Accused in IRS officer's daughter rape-murder

Rediff.com25 Apr 2026

Delhi Police are recreating the crime scene at the residence where the daughter of an IRS officer was allegedly raped and murdered. The investigation aims to piece together the sequence of events, with the stolen iPhone recovered and a potency test conducted. The accused, a former domestic help, is undergoing psychological assessment.

TCS made 25,000 fresher offers for FY27; future hiring depends on demand

TCS made 25,000 fresher offers for FY27; future hiring depends on demand

Rediff.com12 Apr 2026

Tata Consultancy Services (TCS) has extended 25,000 offers to freshers for the current fiscal year (FY27), with future hiring decisions contingent on the demand scenario, according to CEO K Krithivasan.

FPIs Pull Out Record 1.04 Trillion In March

FPIs Pull Out Record 1.04 Trillion In March

Rediff.com24 Mar 2026

Domestic institutional investors, on the other hand, made a net investment of Rs 1.13 trillion during this period.

'Withdraw PPF And Invest In Stocks?'

'Withdraw PPF And Invest In Stocks?'

Rediff.com17 Apr 2026

Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.

Silver lining to India's ageing truck fleet

Silver lining to India's ageing truck fleet

Rediff.com14 Apr 2026

India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.

No cash, crypto payments to Iran for Hormuz passage: India

No cash, crypto payments to Iran for Hormuz passage: India

Rediff.com22 Apr 2026

India has denied making any payments to Iran to secure safe passage for its vessels through the Strait of Hormuz, following reports that Indian vessels were fired upon in the region.

Stock Gains Vs Loss: What Gets Taxed?

Stock Gains Vs Loss: What Gets Taxed?

Rediff.com24 Apr 2026

rediffGURU T S Khurana answers readers' personal income tax queries

West Asia Conflict Can Create Havoc With Budget Numbers

West Asia Conflict Can Create Havoc With Budget Numbers

Rediff.com23 Apr 2026

The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.

'Dhurandhar Is Not A Ranveer Singh Film'

'Dhurandhar Is Not A Ranveer Singh Film'

Rediff.com2 Apr 2026

The monumental box office success of the Dhurandhar franchise has been attributed to Director Aditya Dhar's creative vision, rather than lead star Ranveer Singh's appeal.

Calcutta HC Grants Bail to Saradha Scam Accused Sudipta Sen, Ending 13-Year Jail Term

Calcutta HC Grants Bail to Saradha Scam Accused Sudipta Sen, Ending 13-Year Jail Term

Rediff.com8 Apr 2026

The Calcutta High Court has granted conditional bail to Sudipta Sen, the main accused in the multi-crore Saradha ponzi scheme, after 13 years of detention. The court cited the right to a speedy trial and Sen's prolonged detention as key factors in its decision.

Jio Financial Services becomes India's most valued NBFC behind Bajaj twins

Jio Financial Services becomes India's most valued NBFC behind Bajaj twins

Rediff.com28 Jul 2023

Jio Financial Services, a unit of Mukesh Ambani's Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Shares of RIL's unit got priced at Rs 261.85 apiece - higher than analysts' expectations of Rs 134-224 per share. The price was arrived at after calculating the difference between RIL's Wednesday (July 19) close of Rs 2,840 and Rs 2,580, the price discovered during the first-of-its-kind pre-trade session.

Kerala Student Death: Loan App Operators Remanded To Custody

Kerala Student Death: Loan App Operators Remanded To Custody

Rediff.com18 Apr 2026

Three men have been arrested in Noida, Uttar Pradesh, in connection with the death of a first-year BDS student in Kerala, who allegedly faced harassment from a loan app company.

Geopolitical tensions, Iran war impact hotel stocks; analysts cut profit expectations

Geopolitical tensions, Iran war impact hotel stocks; analysts cut profit expectations

Rediff.com14 Apr 2026

Indian hotel companies are experiencing a sharp correction in share prices due to the Iran war and broader geopolitical tensions, leading analysts to cut operating profit expectations and valuations, despite structurally positive medium-term prospects.