News for 'Financial Technologies'

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.

Multi-State Cyber Fraud Suspect Nabbed In Assam

Multi-State Cyber Fraud Suspect Nabbed In Assam

Rediff.com2 Jun 2026

Assam Police have arrested a cyber fraudster suspected of involvement in multi-state digital crimes. The arrest was made by the Crime Investigation Department's Cyber Police Station, and the suspect is believed to have operated a highly active mule account.

Why Customer Experience Is Key For Indian Banks

Why Customer Experience Is Key For Indian Banks

Rediff.com21 May 2026

An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.

4 Finance Careers That Really Pay Well

4 Finance Careers That Really Pay Well

Rediff.com28 May 2026

In the latest Rediff series exploring non-traditional careers, Sandeep Goel, professor and dean-research at MDI, Gurgaon lists a range of high-growth finance careers beyond CA, CS, and MBA degrees.

Ekta Kapoor:'You Can't Make A Business Out Of Doomscrolling'

Ekta Kapoor:'You Can't Make A Business Out Of Doomscrolling'

Rediff.com5 days ago

'Of our population of 1.4 billion, 80 per cent are into doomscrolling.'

Delhi Police Arrest Man For Airport Metro Cable Theft

Delhi Police Arrest Man For Airport Metro Cable Theft

Rediff.com31 May 2026

Delhi Police have arrested a 29-year-old man for allegedly stealing copper cables and damaging security equipment along the Airport Express Metro Line near Buddha Jayanti Park.

India's Era Has Arrived: Birla

India's Era Has Arrived: Birla

Rediff.com5 Jun 2026

Kumar Mangalam Birla urged young people to 'build in India, build for India and build for the world'.

TCS To Modernise SKF's IT Infrastructure In Multi-Year Deal

TCS To Modernise SKF's IT Infrastructure In Multi-Year Deal

Rediff.com27 May 2026

TCS has secured a multi-year deal with Swedish bearings manufacturer SKF to modernise its IT infrastructure and leverage AI for industrial manufacturing.

Nomura lifts Nifty target to 25,900, citing robust earnings despite global risks

Nomura lifts Nifty target to 25,900, citing robust earnings despite global risks

Rediff.com3 Jun 2026

Nomura has increased its March 2027 target for the Nifty 50 to 25,900, driven by strong corporate earnings and attractive market valuations, even as risks from the West Asia conflict and high oil prices persist.

'Market Has Become Excessively Bearish On India'

'Market Has Become Excessively Bearish On India'

Rediff.com11 Jun 2026

'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'

Time To Choose Growth Over Rupee Fear

Time To Choose Growth Over Rupee Fear

Rediff.com11 Jun 2026

The primary objective should be to figure out a way to grow at 7 to 7.5 per cent with inflation around 4 per cent. Any policy that can help us get there must be experimented with. Those that work should stay. Those that do not should go, suggests Karan Bhasin.

Indian Archers Prepare For Asian Games With Equipment Tests

Indian Archers Prepare For Asian Games With Equipment Tests

Rediff.com27 May 2026

Indian archers Jyothi Surekha Vennam and Dhiraj Bommadevara plan to use the upcoming Archery World Cup stages as testing grounds for equipment changes ahead of the Asian Games later this year. Both archers are part of the 12-member Indian squad for the Asian Games, scheduled to begin in Aichi-Nagoya, Japan from September 19.

Indian Super League Players In Limbo Amid AIFF Uncertainty

Indian Super League Players In Limbo Amid AIFF Uncertainty

Rediff.com1 Jun 2026

Nearly 150 Indian Super League players, including national team members, face an uncertain future as their contracts expire amid ongoing disputes between the AIFF and clubs over the league's structure.

Indian Archers Experiment With Equipment Ahead Of Asian Games

Indian Archers Experiment With Equipment Ahead Of Asian Games

Rediff.com26 May 2026

Indian archers Jyothi Surekha Vennam and Dhiraj Bommadevara will use upcoming Archery World Cup stages to experiment with new equipment ahead of the Asian Games in Japan.

How Uttar Pradesh's Crime Policy Achieved 93% Conviction Rate

How Uttar Pradesh's Crime Policy Achieved 93% Conviction Rate

Rediff.com1 Jun 2026

Uttar Pradesh DGP Rajeev Krishna announced a conviction rate of over 93 per cent due to the state's 'zero tolerance' policy against crime. Authorities seized properties worth nearly Rs 788.38 crore linked to criminal activities.

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Rediff.com18 Jun 2026

Prime Minister Narendra Modi urged US President Donald Trump to prioritise the safety of Indian seafarers in the Strait of Hormuz during the implementation of Washington's proposed Iran peace deal, as both leaders focused on repairing strained bilateral relations at the G7 summit.

US-China Rivalry Enters New Phase

US-China Rivalry Enters New Phase

Rediff.com27 May 2026

The Beijing summit may have reduced immediate diplomatic uncertainty, but it did not resolve the deeper structural contest between the United States and China. That contest appears likely to define the coming decade, notes Varun Arya.

AI deals rising, but IT sector earnings lag

AI deals rising, but IT sector earnings lag

Rediff.com26 May 2026

Indian IT stocks have seen a significant decline of up to 33 per cent year-to-date in 2026, largely due to artificial intelligence (AI) disrupting traditional outsourcing models, leading analysts to predict a challenging FY27 for the sector despite some cushion from rupee depreciation.

NPCI Bhim Aims To Double Market Share

NPCI Bhim Aims To Double Market Share

Rediff.com20 May 2026

NPCI BHIM Services Ltd is expanding the BHIM app to feature phones to increase financial inclusion and diversify revenue through financial product distribution. The app aims to double its market share and is focusing on partnerships with banks and new features like UPI Circle.

How Persistent Systems Is Expanding In Eastern Europe

How Persistent Systems Is Expanding In Eastern Europe

Rediff.com1 Jun 2026

Persistent Systems announced an agreement to integrate a team from Concise, a software engineering and IT consulting company, to expand its Eastern European footprint.

Rupee Fall Hits Study Abroad Dreams

Rupee Fall Hits Study Abroad Dreams

Rediff.com4 Jun 2026

Compared with a year ago, the effective cost of studying abroad for Indian students has increased by roughly 10%-12% due to currency depreciation and rising living costs.

How Gujarat Police Cracked Down On Cyber Fraud

How Gujarat Police Cracked Down On Cyber Fraud

Rediff.com1 Jun 2026

Gujarat police have uncovered cyber frauds worth Rs 2,289 crore and arrested 638 individuals as part of 'Operation Mule Account 1.0', a state-wide crackdown on online criminals launched in 2025.

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.

Ex-WAPCOS Chief Faces Corruption Charges: CBI Investigates

Ex-WAPCOS Chief Faces Corruption Charges: CBI Investigates

Rediff.com4 May 2026

The CBI has registered a corruption case against Rajni Kant Agrawal, the former chairman-cum-managing director of Water and Power Consultancy Services (WAPCOS), following a complaint from the Ministry of Jal Shakti.

Mutual Funds Reduce IT Holdings to 8-Year Low on AI, Growth Worries

Mutual Funds Reduce IT Holdings to 8-Year Low on AI, Growth Worries

Rediff.com27 May 2026

Indian mutual funds have significantly reduced their exposure to the information technology (IT) sector, with holdings now at an eight-year low of 6.7% in April 2026, driven by weak earnings growth, global demand slowdown, and concerns over AI-led disruption.

The complete Indian investor's guide to every asset class worth knowing in 2026!

The complete Indian investor's guide to every asset class worth knowing in 2026!

Rediff.com31 May 2026

Earlier, most investors counted on traditional options like fixed deposits, gold, or property. But in 2026, you will have access to a much wider range of opportunities across different markets and sectors.

What's Delcy Rodriguez Doing In Delhi?

What's Delcy Rodriguez Doing In Delhi?

Rediff.com4 Jun 2026

Venezuela's Interim President Delcy Rodriguez is in New Delhi on her sixth visit to India.

RBI Targets Mule Accounts With AI

RBI Targets Mule Accounts With AI

Rediff.com5 Jun 2026

While opening new accounts, banks can check if the name appears in any mule data. In case it does, the bank can conduct enhanced due diligence.

India Inc Battles Rising Gulf War Costs

India Inc Battles Rising Gulf War Costs

Rediff.com9 Jun 2026

Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.

Can Srini Pallia Revive Wipro?

Can Srini Pallia Revive Wipro?

Rediff.com2 Jun 2026

'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'

PharmEasy's parent has a new playbook: Profit first, growth second

PharmEasy's parent has a new playbook: Profit first, growth second

Rediff.com27 May 2026

API Holdings, the parent company of online pharmacy PharmEasy, has significantly reduced its debt from 1,800 crore to 1,050 crore and refinanced it at lower interest rates under CEO Rahul Guha, shifting its focus from 'growth at any cost' to profitability and aiming for a debt-free balance sheet before a potential stock market listing.

Why Paytm Is Steering Clear Of An NBFC Licence

Why Paytm Is Steering Clear Of An NBFC Licence

Rediff.com7 May 2026

Paytm, operated by One97 Communications, is not actively seeking a non-banking financial company (NBFC) licence, preferring partnership models for lending operations, according to its Group CFO.

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.

'India Has Enough Oil And Gas Beneath The Soil'

'India Has Enough Oil And Gas Beneath The Soil'

Rediff.com13 Jun 2026

'Exploration should be made easier and companies should be given operational flexibility.'

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Rediff.com20 May 2026

India's top 16 IT services companies distributed a record 1.3 trillion to shareholders in FY26 through dividends and share buybacks, a 36.3 per cent increase from FY25, even as the industry grappled with AI-driven business model threats and a significant decline in market capitalisation.

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Rediff.com23 May 2026

'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'

DII holdings in Nifty 500 hit record 20.9%, FPIs' slid to a new low in Q4

DII holdings in Nifty 500 hit record 20.9%, FPIs' slid to a new low in Q4

Rediff.com13 May 2026

Domestic Institutional Investors (DIIs) have significantly increased their holdings in Nifty 500 companies, reaching a record 20.9 per cent by the end of March, while Foreign Portfolio Investors (FPIs) reduced their ownership to an all-time low of 17.1 per cent, according to Motilal Oswal Financial Services.

Smallcap Schemes Lead Mutual Fund Rally

Smallcap Schemes Lead Mutual Fund Rally

Rediff.com1 Jun 2026

Most actively-managed equity mutual fund schemes outperformed their benchmarks despite volatility across domestic equity markets during the past year.

Meerut Police Bust Illegal Telephone Exchange, Online Loan Fraud

Meerut Police Bust Illegal Telephone Exchange, Online Loan Fraud

Rediff.com21 May 2026

Police in Meerut, Uttar Pradesh, have dismantled an illegal telephone exchange allegedly used for revenue loss and an online fake loan racket, arresting three individuals and seizing a large quantity of equipment.

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Rediff.com20 May 2026

Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.