News for 'Financial Times'

Youth divert birthday savings to Jantar Mantar protests

Youth divert birthday savings to Jantar Mantar protests

Rediff.com24 Jul 2026

Young students are diverting their personal savings, originally intended for gadgets or college expenses, to fund their participation in the ongoing protests at Jantar Mantar, highlighting their commitment to issues affecting their future.

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Rediff.com4 Aug 2026

Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.

FIFA's $20 Billion Subsidiary Plan: Infantino's Ultimatum & Global Backlash

FIFA's $20 Billion Subsidiary Plan: Infantino's Ultimatum & Global Backlash

Rediff.com30 Jul 2026

FIFA President Gianni Infantino's proposal to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to commercialise its events and offer stakes to external investors, has drawn significant criticism from governing bodies like UEFA and CONCACAF, who accuse FIFA of a lack of transparency and attempting to 'sell the soul of football'.

AI Yoga Coach Can Correct Yoga Postures In Real Time

AI Yoga Coach Can Correct Yoga Postures In Real Time

Rediff.com2 Jun 2026

A technology institute in Indore has developed an 'AI Yoga Coach' that can distinguish between correct and incorrect yoga postures and provide real-time guidance to practitioners.

N R Narayana Murthy: 'There Is Lot Of Confusion About AI'

N R Narayana Murthy: 'There Is Lot Of Confusion About AI'

Rediff.com3 Aug 2026

'At the end of the day, it is just another technology produced by the human mind.'

PSU Banks Q1FY27: BoB's Profit Dips on Settlement, BoI's Rises on Loan Growth

PSU Banks Q1FY27: BoB's Profit Dips on Settlement, BoI's Rises on Loan Growth

Rediff.com25 Jul 2026

State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.

WhatsApp begins testing age checks for Indian users

WhatsApp begins testing age checks for Indian users

Rediff.com4 Aug 2026

WhatsApp is testing new ways for users in India to confirm their age as it prepares to comply with upcoming legal requirements, including those related to the Digital Personal Data Protection (DPDP) Act, the Meta-owned messaging platform said on Tuesday.

HCLTech CEO C Vijayakumar's Salary Jumps 67% to $18.13 Million in FY26

HCLTech CEO C Vijayakumar's Salary Jumps 67% to $18.13 Million in FY26

Rediff.com21 Jul 2026

HCLTech CEO C Vijayakumar's total salary for the financial year 2025-26 surged by nearly 66.9 per cent to $18.13 million, primarily driven by long-term incentives and stock options, placing him at the top among his Indian IT sector peers.

On Guru Purnima, para-athlete Dilip Gavit dedicates CWG gold to coach Vaijanath Kale

On Guru Purnima, para-athlete Dilip Gavit dedicates CWG gold to coach Vaijanath Kale

Rediff.com30 Jul 2026

Indian para-athlete Dilip Mahadu Gavit, fresh off winning the Commonwealth Games 2026 gold medal in the men's T47 100m with a Games record, dedicated his triumph to his coach Vaijanath Kale on Guru Purnima, crediting him for spotting his talent and transforming his career.

Indian Students In Canada Face 'Post-Graduation Work Permit' Shock

Indian Students In Canada Face 'Post-Graduation Work Permit' Shock

Rediff.com22 Jul 2026

For hundreds of Indian scholars who journeyed to Canada aiming for a foreign degree and a path toward long-term career opportunities, what should have been a triumphant graduation has instead spiralled into deep uncertainty.

Former Kerala CM's daughter seeks more time, ED summons her on June 17

Former Kerala CM's daughter seeks more time, ED summons her on June 17

Rediff.com12 Jun 2026

The Enforcement Directorate has issued a fresh summons to Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, for questioning on June 17 in a money laundering case involving Cochin Minerals and Rutile Ltd (CMRL). The probe focuses on alleged payments of Rs 2.78 crore from CMRL to Veena's IT firm, Exalogic Solutions, without services rendered, and loans from an associated company.

Modern Marriage: 'I Never Saw My Husband's Affair Coming'

Modern Marriage: 'I Never Saw My Husband's Affair Coming'

Rediff.com21 Jul 2026

In Rediff's series on modern marriages, young couples from across India discuss how they deal with differences of opinion, lifestyle preferences and personal choices. Here, *Ananya tells Rishika Shah/Rediff how a marriage she thought was built on teamwork fell apart almost overnight.

EPFO Interest Credit: What You Should Know

EPFO Interest Credit: What You Should Know

Rediff.com20 Jul 2026

Millions of EPFO subscribers can now check whether 8.25% annual interest for FY2025-26 has been credited to their provident fund accounts.

Could a 64-team World Cup put Asian football at FIFA's mercy?

Could a 64-team World Cup put Asian football at FIFA's mercy?

Rediff.com21 Jul 2026

FIFA President Gianni Infantino has acknowledged the possibility of expanding the World Cup to 64 teams, a move that could significantly alter the sport's economics and logistics, despite opposition from major confederations like UEFA and AFC.

After 3 deaths in ship attacks, India summons US envoy for second time

After 3 deaths in ship attacks, India summons US envoy for second time

Rediff.com12 Jun 2026

India has summoned the US charge d'affaires for the second time this week to protest American Navy strikes on three commercial vessels off the coast of Oman, which resulted in the deaths of three Indian crew members. New Delhi has demanded an end to these attacks, acknowledging that the US Navy targeted the ships, some of which were reportedly non-compliant with US sanctions.

Why EPFO Mandated 25% PF Balance

Why EPFO Mandated 25% PF Balance

Rediff.com17 Jul 2026

EPFO said the measure could substantially improve retirement outcomes with nearly half its members expected to see an increase of up to 35 times in their old-age savings.

'Jan shakti' will drag him out over student crackdown: Kharge slams Shah

'Jan shakti' will drag him out over student crackdown: Kharge slams Shah

Rediff.com31 Jul 2026

Holding Home Minister Amit Shah responsible for alleged police brutalities on protesting students, Leader of the Opposition in the Rajya Sabha Mallikarjun Kharge on Thursday said that "Jan Shakti" (people's power) will "drag him out" one day to make him accountable.

Maruti Suzuki's Q1 net profit falls 9% despite sales jump, as West Asia conflict drives up costs

Maruti Suzuki's Q1 net profit falls 9% despite sales jump, as West Asia conflict drives up costs

Rediff.com1 Aug 2026

Maruti Suzuki India (MSIL) reported a 9.1 per cent year-on-year decline in net profit for the April-June quarter of 2026-27, marking its second consecutive quarterly fall. This dip occurred despite a significant 29.3 per cent jump in sales volume, primarily due to escalating commodity prices, increased energy costs, and logistics disruptions stemming from the West Asia conflict.

Can India's New Mobile Scheme Beat China?

Can India's New Mobile Scheme Beat China?

Rediff.com30 Jul 2026

Apple Inc, which had planned to shift only 10 per cent of its global production base from China to India with respect to iPhones at the end of FY26, is currently churning out one out of every four iPhones in the world from India.

Why Rs 5 Lakh Health Cover Falls Short

Why Rs 5 Lakh Health Cover Falls Short

Rediff.com28 Jul 2026

Marriage, childbirth, dependent parents and ageing increase the cover a person needs.

Rishad Premji On How AI Is Transforming Wipro's Client Operations

Rishad Premji On How AI Is Transforming Wipro's Client Operations

Rediff.com15 Jul 2026

Wipro Executive Chairman Rishad Premji announced that clients are now integrating Artificial Intelligence (AI) into their core business processes, moving past initial pilot projects. Speaking at the company's AGM, Premji highlighted AI's role in driving innovation, efficiency, and growth, and noted Wipro's internal AI adoption has significantly streamlined operations.

Andrea Pirlo set for Italy job after Guardiola rejection

Andrea Pirlo set for Italy job after Guardiola rejection

Rediff.com25 Jul 2026

Andrea Pirlo, a 2006 World Cup winner and former Juventus manager, has reportedly been appointed as the new head coach of the Italian national football team on a four-year deal.

Why Have Flipkart, Netflix Tied Up?

Why Have Flipkart, Netflix Tied Up?

Rediff.com1 Aug 2026

'GenZ today is close to 45 to 50 per cent of the overall shopping journeys in the country. They are also very content-first in terms of entertainment or otherwise, general gratification of content and discovery.'

Eternal's Q1 net profit nearly quadruples to Rs 92 crore, driven by Zomato and Blinkit's strong performance

Eternal's Q1 net profit nearly quadruples to Rs 92 crore, driven by Zomato and Blinkit's strong performance

Rediff.com23 Jul 2026

Eternal, the parent company of Zomato and Blinkit, reported a nearly fourfold increase in net profit to 92 crore for Q1FY27, primarily due to operational gains and the strong performance of its quick commerce business, Blinkit.

Hormuz Crisis Exposes India's Energy Risks

Hormuz Crisis Exposes India's Energy Risks

Rediff.com20 Jul 2026

Despite decades of efforts towards energy transition, oil will remain the critical energy source for all nations for some decades. We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it, points out former foreign secretary Ranjan Mathai.

RBI allows banks to link bulk deposit rates to liquidity profile

RBI allows banks to link bulk deposit rates to liquidity profile

Rediff.com31 Jul 2026

The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.

When Being Malayali Came With A VIP Pass

When Being Malayali Came With A VIP Pass

Rediff.com25 Jul 2026

As they say some doors open because of who you know, and some, it turns out, open just because of where you're from, recalls Binu Alex.

Supreme Court to scrutinise Sebi's appeal against SAT's relief for Nusli Wadia

Supreme Court to scrutinise Sebi's appeal against SAT's relief for Nusli Wadia

Rediff.com14 Jul 2026

The Supreme Court has agreed to examine Sebi's challenge to a Securities Appellate Tribunal (SAT) decision that cleared Wadia Group Chairman Nusli Wadia, Bombay Dyeing, and others of allegations of fraudulent financial reporting.

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Rediff.com21 Jul 2026

A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.

IndiGo posts Rs 238 crore Q1 net loss due to rising fuel costs, West Asia turbulence

IndiGo posts Rs 238 crore Q1 net loss due to rising fuel costs, West Asia turbulence

Rediff.com23 Jul 2026

IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.

Why Such Fuss About Tata Sons Listing!

Why Such Fuss About Tata Sons Listing!

Rediff.com14 Jul 2026

In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.

BPCL, HPCL Report Huge Q1FY27 Losses Due to High Crude Oil Prices

BPCL, HPCL Report Huge Q1FY27 Losses Due to High Crude Oil Prices

Rediff.com23 Jul 2026

State-owned refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have reported substantial losses for the first quarter of financial year 2026-27 (Q1FY27), primarily driven by a sharp increase in crude oil prices exacerbated by the ongoing West Asia crisis and suppressed marketing margins on petroleum products.

How UPI Is Expanding Its Global Footprint And Securing Digital Payments

How UPI Is Expanding Its Global Footprint And Securing Digital Payments

Rediff.com20 Jul 2026

Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.

Why Wipro's Q1 Net Profit Was Flat

Why Wipro's Q1 Net Profit Was Flat

Rediff.com18 Jul 2026

Wipro's net profit in the first quarter saw minimal growth, rising less than one per cent to 3,352 crore, while revenue increased by 10.6 per cent to 24,480 crore. The IT services segment, a key metric, grew by only one per cent year-on-year, falling short of analyst estimates amidst a challenging demand environment and longer decision cycles from clients.

What were you doing when...: SC questions Sonam's conduct in honeymoon murder case

"What were you doing when...": SC questions Sonam's conduct in honeymoon murder case

Rediff.com21 Jul 2026

The Supreme Court has questioned the conduct of Sonam Raghuvanshi, accused of killing her husband during their honeymoon in Meghalaya, suggesting she surrender and face trial. The court is also examining whether a typographical error in the arrest memo justifies her bail.

ICICI Bank raises $1 bn in largest dollar issue this year, signalling strong investor confidence

ICICI Bank raises $1 bn in largest dollar issue this year, signalling strong investor confidence

Rediff.com25 Jul 2026

ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.

'We Need To Stop Coaching Classes'

'We Need To Stop Coaching Classes'

Rediff.com27 Jul 2026

'We can integrate AI and tech into education, but that is just a means and not an end.' 'Ultimately, we need to control what happens in a classroom and we need to let teachers innovate their teaching style to suit the needs of Gen Z and beyond.'

Rashmika Mandanna Suffers Hip Injury, Out Of Action For 6 Weeks

Rashmika Mandanna Suffers Hip Injury, Out Of Action For 6 Weeks

Rediff.com1 Aug 2026

'I am getting better. Thank you for checking in.'

Dr Reddy's Labs plunges 69% to Rs 443 crore, hit by lenalidomide exit and semaglutide issues

Dr Reddy's Labs plunges 69% to Rs 443 crore, hit by lenalidomide exit and semaglutide issues

Rediff.com23 Jul 2026

Dr Reddy's Laboratories reported a 68.7 per cent year-on-year decline in consolidated net profit to Rs 443.5 crore in Q1 FY27, primarily due to the end of its lenalidomide sales agreement, a Rs 240-crore provision for semaglutide API inventory quality issues, and elevated freight costs.

Are You A Freelancer? Here's An ITR Guide

Are You A Freelancer? Here's An ITR Guide

Rediff.com13 Jul 2026

Tax treatment depends on the activity and manner of earning income.