News for 'Financial Services'

Yes Bank Introduces Exclusive Salary Account for Working Women

Yes Bank Introduces Exclusive Salary Account for Working Women

Rediff.com5 Mar 2026

Yes Bank has launched a salary account designed for working women, offering financial protection, healthcare benefits, lifestyle privileges, and wealth-creation opportunities.

Wipro bets on banking, financial services

Wipro bets on banking, financial services

Rediff.com24 Dec 2008

The Citi deal should help Wipro beef up its presence in the banking and financial services (BFSI) space. The target company does work in the technology infrastructure services space as also application development and maintenance and the Rs 19,957 crore (Rs 199.57 billion) Wipro should be able to leverage these services with other clients. The assured revenues of $500 million will come in handy at a difficult time.

Adani Group adopts 3-layer structure to empower frontline,flatten hierarchy

Adani Group adopts 3-layer structure to empower frontline,flatten hierarchy

Rediff.com4 Apr 2026

Billionaire Gautam Adani announced the Adani Group is transitioning to a three-layer organisational structure to flatten hierarchy and empower its frontline operations, aiming for faster decision-making and increased accountability.

Want To Study In Japan On A Scholarship?

Want To Study In Japan On A Scholarship?

Rediff.com6 Apr 2026

Japan is looking for 1,000 postgraduate students, PhD scholars, and postdoctoral researchers from India for funded research opportunities at Japanese institutions.

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.

Women officers denied permanent commission to get pension: SC

Women officers denied permanent commission to get pension: SC

Rediff.com25 Mar 2026

The Supreme Court has ruled that women Short Service Commission officers in the Army, Navy, and Air Force, who were unfairly denied Permanent Commission, are entitled to full pensionary benefits.

Non-metro push by qcom, ecom players may lift gig hirings

Non-metro push by qcom, ecom players may lift gig hirings

Rediff.com9 Feb 2026

Ecommerce (ecom) and quick commerce (qcom) platforms are expected to lead gig worker hiring in calendar year 2026 (CY26), adding nearly 1 million workers on the back of sustained demand for last-mile deliveries, higher order volumes, and continued expansion of dark stores into non-metropolitan cities, industry experts have said.

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.

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

Rediff.com20 Feb 2026

Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.

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.

Shashank Jain to Take Over as Brookfield India REIT CEO

Shashank Jain to Take Over as Brookfield India REIT CEO

Rediff.com31 Mar 2026

Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT, effective July 1.

RBI introduces new business correspondent norms to expand banking access

RBI introduces new business correspondent norms to expand banking access

Rediff.com7 Apr 2026

The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.

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.

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.

Iranian supertanker bypasses US Navy blockade

Iranian supertanker bypasses US Navy blockade

Rediff.com3 May 2026

An Iranian tanker successfully bypassed the US Navy to deliver crude oil to the Asia-Pacific region, despite ongoing tensions and a US blockade.

Punjab Governor Highlights Aadhaar's Role in Governance and Welfare

Punjab Governor Highlights Aadhaar's Role in Governance and Welfare

Rediff.com24 Mar 2026

Punjab Governor Gulab Chand Kataria emphasised the importance of Aadhaar in promoting good governance, transparency, and ease of living, highlighting its role in ensuring welfare benefits reach the intended recipients and strengthening the rural economy through Direct Benefit Transfer.

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.

'Oil Is Not The Problem. The Bigger Problem Is Gold'

'Oil Is Not The Problem. The Bigger Problem Is Gold'

Rediff.com18 May 2026

'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'

HCLTech profit flat at Rs 4,235 cr, revenue rises 10.7% in Q2FY26

HCLTech profit flat at Rs 4,235 cr, revenue rises 10.7% in Q2FY26

Rediff.com14 Oct 2025

HCLTech reported flat net income of Rs 4,235 crore in the second quarter of 2025-26 (Q2FY26) compared to last year, even as its revenue was up 10.7 per cent to Rs 31,492 crore helped by financial services and technology business verticals.

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.

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.

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Rediff.com8 Apr 2026

A former Metropolitan Police officer of Indian origin has pleaded guilty to his involvement in a 'crash for cash' scam in the UK, involving fraudulent personal injury claims after staged vehicle collisions.

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Rediff.com1 Mar 2026

Analysts predict a surge in gold and silver prices as investors seek safe-haven assets due to escalating tensions in the Middle East. The impact on domestic prices will depend on the conflict's duration, with geopolitical factors and macroeconomic data also playing a role.

458 Prisoners Benefit from Centre's 'Support to Poor Prisoners' Scheme

458 Prisoners Benefit from Centre's 'Support to Poor Prisoners' Scheme

Rediff.com25 Mar 2026

The Centre's 'Support to Poor Prisoners' scheme has aided 458 prisoners unable to pay fines or secure bail. The scheme, launched in 2023, aims to provide financial assistance to those facing financial constraints.

FM's constituency: a mall for financial services

FM's constituency: a mall for financial services

Rediff.com2 Mar 2011

Instead of taking loans from banks, they believe in forming groups - some acting as treasurers, others as accountants, credit officers or recovery agents - with Bandhan, one of the most active microfinance institutions (MFI) in the region.

Gulf War: How To Manage Investments, Household Budget

Gulf War: How To Manage Investments, Household Budget

Rediff.com17 Mar 2026

Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'

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.

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'.

Will 1600 Number Stop Scam Calls?

Will 1600 Number Stop Scam Calls?

Rediff.com20 Nov 2025

Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.

Multi-City Air Ticket Scam Busted: Mastermind Arrested

Multi-City Air Ticket Scam Busted: Mastermind Arrested

Rediff.com9 Apr 2026

Four individuals have been arrested for allegedly running a sophisticated cyber fraud operation, duping people with fake discounted air tickets across multiple cities. Police recovered a substantial amount of cash and luxury items from the accused.

Sensex tumbles 931 points, Nifty plunges to 23,775 amid fading confidence on ceasefire

Sensex tumbles 931 points, Nifty plunges to 23,775 amid fading confidence on ceasefire

Rediff.com9 Apr 2026

Indian equity benchmarks, Sensex and Nifty, ended lower after a spectacular rally, with the Sensex tumbling 931 points, as renewed tensions in West Asia, particularly the risk to the ceasefire deal after Iran closed the Strait of Hormuz, dampened investor optimism.

HDFC Bank barred from onboarding new clients in Dubai branch

HDFC Bank barred from onboarding new clients in Dubai branch

Rediff.com27 Sep 2025

HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre branch by the local regulator. HDFC Bank, India's largest private sector lender, said it has initiated the necessary steps to comply with the notice of the Dubai Financial Services Authority and added that it does not see any material impact from it.

'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.

Mumbai Metro network expands with launch of two new lines

Mumbai Metro network expands with launch of two new lines

Rediff.com7 Apr 2026

Mumbai's metro network has expanded with the inauguration of the first phases of Metro Line 9 and Line 2B, promising improved connectivity and reduced travel times for commuters.

One Snapshot To Track Your Savings, Investments

One Snapshot To Track Your Savings, Investments

Rediff.com30 Jan 2026

Sebi is working with other regulators to expand the CAS framework.

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.

Public sector banks' profit grows 18% to record Rs 52,603 cr in Q3

Public sector banks' profit grows 18% to record Rs 52,603 cr in Q3

Rediff.com9 Feb 2026

Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.

Udupi Excise Deputy Commissioner Under Investigation for Alleged Disproportionate Assets

Udupi Excise Deputy Commissioner Under Investigation for Alleged Disproportionate Assets

Rediff.com13 Mar 2026

Karnataka Lokayukta police have registered a disproportionate assets case against Udupi Excise Deputy Commissioner T M Srinivas after searches at multiple locations allegedly revealed assets worth Rs 8.69 crore beyond his known sources of income.

IPO Market Shows No Sign Of Slowing

IPO Market Shows No Sign Of Slowing

Rediff.com2 Jan 2026

'The first time India has seen two consecutive blockbuster IPO years.'

Sensex up 174 points on gains in bank, IT stocks

Sensex up 174 points on gains in bank, IT stocks

Rediff.com17 Feb 2026

Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.