News for 'Financial Services'

Don't Blindly Trust Your Form 16

Don't Blindly Trust Your Form 16

Rediff.com19 Jun 2026

Salaried taxpayers should not use these forms blindly to file their income-tax returns.

Adani Power to invest Rs 2 trn over 5 years

Adani Power to invest Rs 2 trn over 5 years

Rediff.com25 Jun 2026

Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.

Dabur's robust India biz showing lifts shares

Dabur's robust India biz showing lifts shares

Rediff.com9 May 2026

Dabur India's shares rose 3.7 per cent after reporting in-line Q4FY26 results, driven by a healthy 10 per cent growth in its India business, despite some analysts remaining cautious about future execution.

Geopolitical Tensions, AI Risks Prompt Citi to Cut Nifty Target to 26,000

Geopolitical Tensions, AI Risks Prompt Citi to Cut Nifty Target to 26,000

Rediff.com12 Jun 2026

Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.

How India's New Phygital Centre Aims to Transform Rural Life in Madhya Pradesh

How India's New Phygital Centre Aims to Transform Rural Life in Madhya Pradesh

Rediff.com15 Mar 2026

India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.

Tata Electronics overtakes Foxconn by assembling $26.3 bn iPhones for exports

Tata Electronics overtakes Foxconn by assembling $26.3 bn iPhones for exports

Rediff.com3 Jul 2026

Tata Electronics has surpassed Taiwanese giant Foxconn in assembling iPhones for export from India during the FY22-FY26 PLI scheme period, with exports valued at $26.3 billion compared to Foxconn's $25.6 billion.

Two Pak-backed terror modules plotting attack in Delhi busted; 6 held

Two Pak-backed terror modules plotting attack in Delhi busted; 6 held

Rediff.com6 Jul 2026

The Delhi police busted two Pakistan-backed modules linked to gangster Shahzad Bhatti plotting terror attacks in the capital with the arrest of six operatives, officials said on Monday.

Beware of fake FIFA World Cup streaming platforms, warn Kerala Police

Beware of fake FIFA World Cup streaming platforms, warn Kerala Police

Rediff.com11 Jun 2026

Kerala police have issued a warning about a sophisticated cyber fraud targeting football fans. Scammers are using fake OTT apps and social media advertisements promising free access to FIFA World Cup 2026 matches. These malicious apps gain control of users' phones and illegally withdraw money from bank accounts. The police advise downloading apps only from official stores and being cautious of suspicious permissions.

Jio Payments Bank Enables UPI Cash Withdrawals at Touchpoints

Jio Payments Bank Enables UPI Cash Withdrawals at Touchpoints

Rediff.com17 Mar 2026

Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.

Centre Mandates Periodic Renewal Of Fertility Clinics Registration

Centre Mandates Periodic Renewal Of Fertility Clinics Registration

Rediff.com25 Jun 2026

The move is to strengthen oversight, improve compliance, and boost patient confidence.

Why Paytm Is Not Pursuing An NBFC Licence

Why Paytm Is Not Pursuing An NBFC Licence

Rediff.com7 May 2026

Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.

KV Kamath Emphasises AI Application and Education Reform for India's Future

KV Kamath Emphasises AI Application and Education Reform for India's Future

Rediff.com9 Apr 2026

Veteran banker K V Kamath stresses the importance of reskilling and education reforms to leverage artificial intelligence (AI) in India, advocating for practical applications over expensive foundational models.

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

Rediff.com20 Dec 2025

Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.

When Will Jio Credit Reach AUM Level Of Rs 1 Trillion?

When Will Jio Credit Reach AUM Level Of Rs 1 Trillion?

Rediff.com29 Apr 2026

'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'

Is Rs 1 Cr Enough For Retirement?

Is Rs 1 Cr Enough For Retirement?

Rediff.com1 Jul 2026

Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Rediff.com8 May 2026

'We are targeting a 2.5x to 3x increase in valuation by FY31.'

ED summons Pinarayi Vijayan's daughter for questioning

ED summons Pinarayi Vijayan's daughter for questioning

Rediff.com9 Jun 2026

The investigation pertains to alleged irregularities in CMRL's financial transactions and its links with Veena's now-defunct company Exalogic Solutions Private Limited.

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.

Jio Platforms files for $4 bn IPO

Jio Platforms files for $4 bn IPO

Rediff.com19 Jun 2026

Jio Platforms Ltd, the digital services arm of Reliance Industries, has filed draft papers for an initial public offering (IPO) aiming to raise approximately USD 4 billion (about Rs 37,700 crore), which is expected to be India's largest ever IPO.

Gulf NRIs opt for Indian term life insurance amid Iran conflict

Gulf NRIs opt for Indian term life insurance amid Iran conflict

Rediff.com25 Jun 2026

Non-resident Indians (NRIs) in the Gulf region are increasingly purchasing term life insurance policies from India, driven by geopolitical uncertainties in West Asia and the significant cost advantages offered by Indian products, with the GCC region now contributing over half of the total NRI demand.

Get A Rs 20K Scholarship To Learn In-Demand Skills

Get A Rs 20K Scholarship To Learn In-Demand Skills

Rediff.com17 Jun 2026

The Eastman Powerup Eduskill Scholarship Programme 2026-27 provides financial aid linked to the completion of industry-relevant skill development certifications.

Nifty 50's Contribution to India Inc's Q4 Earnings Hits 21-Quarter Low

Nifty 50's Contribution to India Inc's Q4 Earnings Hits 21-Quarter Low

Rediff.com10 Jun 2026

The Nifty 50 firms' contribution to the overall earnings of India Inc has steadily declined, reaching its lowest share in at least 21 quarters at 47.1 per cent in Q4FY26, down from 51.8 per cent a year earlier.

TCS stares at additional $70 mn hit after US Supreme Court declines review in trade secret dispute

TCS stares at additional $70 mn hit after US Supreme Court declines review in trade secret dispute

Rediff.com16 Jun 2026

Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).

Over 20 lakh aspirants take NEET re-test in India, abroad amid tight security

Over 20 lakh aspirants take NEET re-test in India, abroad amid tight security

Rediff.com21 Jun 2026

The NEET-UG re-exam was held at centres across the country and overseas on Sunday amid tight security arrangements for the smooth conduct of the examination.

India Inc payout to shareholders grows slower than profit for third straight year

India Inc payout to shareholders grows slower than profit for third straight year

Rediff.com17 Jun 2026

Shareholder payouts by India Inc, including dividends and buybacks, increased by 2.2 per cent year-on-year in FY26 to $5.06 trillion, but this growth lagged the 18.8 per cent rise in reported net profit for the third consecutive year, leading to the lowest dividend payout ratio in 12 years.

US eases sanctions, grants 60-day Iranian oil licence amid Swiss talks

US eases sanctions, grants 60-day Iranian oil licence amid Swiss talks

Rediff.com22 Jun 2026

In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general licence authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.

6 Taxpayer Categories Face Scrutiny

6 Taxpayer Categories Face Scrutiny

Rediff.com22 Jun 2026

Taxpayers should reconcile returns with AIS, Form 26AS and maintain all supporting records.

Why Mid-Tier BFSI Firms In India Face Heightened Cyber Risks

Why Mid-Tier BFSI Firms In India Face Heightened Cyber Risks

Rediff.com28 May 2026

A report indicates that mid-tier banking, financial services, and insurance (BFSI) entities in India are highly exposed to cyberattacks due to aggressive digitisation coupled with insufficient cybersecurity investments.

How Bengaluru Police Uncovered A Prostitution Racket

How Bengaluru Police Uncovered A Prostitution Racket

Rediff.com9 Jun 2026

Police in Bengaluru arrested a woman for allegedly operating a prostitution racket from a rented house, rescuing two women involved. The accused confessed to facilitating services for financial gain, and further investigation is underway by the Central Crime Branch's Women Protection Squad.

Gulf Crisis: How India Avoided Economic Turmoil

Gulf Crisis: How India Avoided Economic Turmoil

Rediff.com7 Jul 2026

Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.

EPF Scheme 2026: What's Changed for You?

EPF Scheme 2026: What's Changed for You?

Rediff.com3 Jul 2026

For members, the message is simple: don't be misled by headlines about '100% withdrawal'. The basic purpose of the EPF remains unchanged -- to help employees build a financial cushion for retirement while allowing limited access to savings for genuine needs during their working lives.

Volvo plans financial services arm

Volvo plans financial services arm

Rediff.com14 Jun 2008

AB Volvo, the Swedish truck and bus major, is planning to launch its financial services subsidiary in India. The new subsidiary is expected to start operations in the next six months, according to Volvo India Managing Director Eric Leblanc.

ED grills Pinarayi Vijayan's daughter Veena T in Rs 2.78-crore CMRL probe

ED grills Pinarayi Vijayan's daughter Veena T in Rs 2.78-crore CMRL probe

Rediff.com17 Jun 2026

Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, appeared before the Enforcement Directorate in Kochi for questioning regarding a money laundering case involving her defunct IT firm, Exalogic Solutions Private Ltd, and mining company CMRL. The probe focuses on alleged payments made without services and loans extended despite repayment failures, leading to accusations of generating "proceeds of crime."

NEET Medical Counselling: Get Your Paperwork Right!

NEET Medical Counselling: Get Your Paperwork Right!

Rediff.com26 Jun 2026

Many students who do well in the NEET exams miss out on a medical seat because they didn't get their documentation in order. You don't want to be that student, says Ashok Hegde.

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.

Why Paytm Shares Soared After Profit Announcement

Why Paytm Shares Soared After Profit Announcement

Rediff.com7 May 2026

Shares of One97 Communications, which operates the Paytm brand, experienced a significant jump after the company reported a consolidated profit for the January-March quarter.

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.'

India Inc to see 8.6-10.2% salary hikes in FY27, driven by skilled talent demand

India Inc to see 8.6-10.2% salary hikes in FY27, driven by skilled talent demand

Rediff.com9 Jun 2026

Corporate India is projected to offer salary increments ranging from 8.6 per cent to 10.2 per cent across various industries in the financial year 2026-27, primarily fuelled by a sustained demand for skilled and execution-focused talent, according to a TeamLease Services report.

Half of Indian companies to adopt AI payroll in a year, ADP report finds

Half of Indian companies to adopt AI payroll in a year, ADP report finds

Rediff.com12 Jun 2026

A new report by ADP reveals that one in two Indian companies plan to adopt AI-powered payroll systems within the next 12 months, driven by the need for automation in workforce management, compliance, and compensation decisions. However, firms are increasingly cautious about data protection risks, especially with the implementation of the Digital Personal Data Protection (DPDP) Act, 2023.