News for 'Financial Times'

Shiprocket to use IPO funds for AI push, eyes broader merchant operating system

Shiprocket to use IPO funds for AI push, eyes broader merchant operating system

Rediff.com1 days ago

Shiprocket plans to allocate a significant portion of its IPO proceeds towards artificial intelligence (AI), aiming to evolve its e-commerce enablement platform into a comprehensive operating system for merchants, enabling conversational commands and reducing manual tasks.

Why Bank Frauds Keep Rising

Why Bank Frauds Keep Rising

Rediff.com6 days ago

'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'

Polymer rupee notes may be a reality in FY28

Polymer rupee notes may be a reality in FY28

Rediff.com7 days ago

RBI Governor Sanjay Malhotra announced plans to launch long-lasting polymer currency notes by the next financial year. He also discussed the central bank's data-dependent approach to interest rates, its focus on aligning inflation with the 4 per cent target, and the orderly trajectory of the rupee amidst geopolitical tensions.

Vi's Q1 Loss Halves, Records First Net Subscriber Addition Since 2018 Merger

Vi's Q1 Loss Halves, Records First Net Subscriber Addition Since 2018 Merger

Rediff.com1 days ago

Vodafone Idea (Vi) significantly reduced its losses in Q1 FY27 to approximately 3,754 crore, driven by an exceptional gain and increased average revenue per user (Arpu). The company also reported its first net subscriber additions since its 2018 merger, indicating a positive shift in its operational trajectory.

Why is Bhutia angry over India's Brazil match?

Why is Bhutia angry over India's Brazil match?

Rediff.com6 days ago

The All India Football Federation's decision to field two separate teams for the inaugural FIFA ASEAN Cup and an international friendly against Brazil has sparked controversy.

Vedanta targets $10 billion Ebitda by FY27, plans to cut debt by over Rs 20,000 crore

Vedanta targets $10 billion Ebitda by FY27, plans to cut debt by over Rs 20,000 crore

Rediff.com2 days ago

Metals and mining conglomerate Vedanta aims to achieve $10 billion in group Ebitda by FY27, a significant increase from $6 billion in FY26, and plans to reduce its overall debt by more than 20,000 crore during the same period, according to CFO Ajay Goel.

Cricket Scotland, KNCB Slam ICC's 'Setback' World Cup Qualification Changes

Cricket Scotland, KNCB Slam ICC's 'Setback' World Cup Qualification Changes

Rediff.com2 days ago

Cricket Scotland and the Royal Dutch Cricket Association (KNCB) have jointly criticised the International Cricket Council's (ICC) significant structural changes to the Men's 50-over World Cup qualification pathway, calling it a 'setback to Associate Member cricket' and expressing disappointment over the lack of consultation.

ODI cricket's future hinges on this major ICC plan

ODI cricket's future hinges on this major ICC plan

Rediff.com21 hours ago

The era of 'randomly' scheduling bilateral series is over, but the ODI format can continue to survive and thrive with its place 'inextricably' linked to the World Cup, said ICC CEO Sanjog Gupta in an interview to PTI.

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Rediff.com23 hours ago

Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.

Why Messi's Kerala Visit Never Happened: Report Submitted To Govt

Why Messi's Kerala Visit Never Happened: Report Submitted To Govt

Rediff.com1 days ago

The Kerala Sports Department has submitted its confidential inquiry report regarding the controversy surrounding the proposed visit of football legend Lionel Messi and the Argentina team to the state during the previous government's tenure.

African Football Chiefs Back Gianni Infantino Despite FIFA Governance Crisis

African Football Chiefs Back Gianni Infantino Despite FIFA Governance Crisis

Rediff.com4 Aug 2026

Leading African football administrators have publicly expressed their support for FIFA President Gianni Infantino, offering him crucial backing ahead of next March's presidential election, despite his recent decision to abandon a controversial plan to sell a stake in future World Cup revenue.

'Still no job': India's U20 javelin silver medallist opens up

'Still no job': India's U20 javelin silver medallist opens up

Rediff.com19 hours ago

Ashish Yadav, a 19-year-old javelin thrower, won a silver medal at the World Under-20 championships, becoming the second Indian after Neeraj Chopra to achieve this feat. Despite his sporting success and significant improvement in performance through systematic training in Hisar, Yadav continues to search for a job to support his family, highlighting the financial challenges faced by many aspiring athletes.

Only 9 Women CEOs, 25 Women MDs in Top 500

Only 9 Women CEOs, 25 Women MDs in Top 500

Rediff.com2 hours ago

The top 500 listed companies had 860 women directors or board members overall.

Parliamentary Panel Wants Cap on Private Hospital Room Charges

Parliamentary Panel Wants Cap on Private Hospital Room Charges

Rediff.com1 days ago

'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'

Rishabh Pant seeks Uttarakhand land for home, CM Dhami assures help

Rishabh Pant seeks Uttarakhand land for home, CM Dhami assures help

Rediff.com5 days ago

India wicketkeeper-batter Rishabh Pant has appealed to Uttarakhand Chief Minister Pushkar Singh Dhami for assistance in acquiring land to build a home and shift his base from Delhi to his native state. CM Dhami has assured Pant of all possible help, stating that the matter has been referred to concerned officials.

Are Your Investments Worth The Effort?

Are Your Investments Worth The Effort?

Rediff.com2 days ago

Many investors are working hard as their own fund managers, unaware whether their efforts have actually rewarded them for the job.

Australia meet Bangladesh in rare home winter Tests

Australia meet Bangladesh in rare home winter Tests

Rediff.com1 days ago

Australia is set to host Bangladesh in a two-match Test series in the country's tropical north, marking the first time since 2003.

BMW India CFO: 'Surprised by scale and length of tax litigation'

BMW India CFO: 'Surprised by scale and length of tax litigation'

Rediff.com6 days ago

BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.

Karnataka Launches Tathyakosh.in To Centralise India's Public Data

Karnataka Launches Tathyakosh.in To Centralise India's Public Data

Rediff.com22 hours ago

The ACSEL Technology Forum, a Karnataka government Centre of Excellence in AI, has launched Tathyakosh.in, a digital public good designed to make India's extensive public data more accessible. This platform consolidates over 1.5 million datasets from 458 sources, addressing the challenge of fragmented data discovery across various government and research portals. It aims to benefit researchers, startups, and technology teams in sectors like healthcare, agriculture, and financial inclusion by providing a structured and discoverable data infrastructure.

NEET-UG paper leak chargesheet cites accused's gate control app, digital trail

NEET-UG paper leak chargesheet cites accused's gate control app, digital trail

Rediff.com6 days ago

The CBI has filed a charge sheet in the NEET-UG 2026 paper leak case, relying heavily on digital forensic evidence including an access control app and call data records. The investigation revealed that three NTA subject experts allegedly exploited procedural gaps to leak confidential questions for money, involving a beautician and a coaching centre owner in the distribution of the leaked material to aspirants.

'I want to be like Mary Kom': Pakistan's boxing hero

'I want to be like Mary Kom': Pakistan's boxing hero

Rediff.com1 Aug 2026

Pakistan's first female Commonwealth Games boxing medallist, Fatima Zahra, credits Indian boxing legend MC Mary Kom as her primary inspiration, having watched the Bollywood biopic on Kom's life and emulating her journey of overcoming adversity.

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Rediff.com5 days ago

The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.

Olympic Gold Medallist Arshad Nadeem Explains Glasgow Performance

Olympic Gold Medallist Arshad Nadeem Explains Glasgow Performance

Rediff.com6 days ago

Pakistan's Olympic gold medallist javelin thrower Arshad Nadeem has responded to social media criticism following his disappointing ninth-place finish at the recent Commonwealth Games in Glasgow. Nadeem attributed his poor performance to the extremely cold weather, which stiffened his muscles and hindered his throws. He emphasised his commitment to his country and his grounded nature, expressing confidence in his ability to return to winning form at the upcoming Athletissima event.

World Cup 2026 Set to Shatter All-Time Sports Gambling Records

World Cup 2026 Set to Shatter All-Time Sports Gambling Records

Rediff.com25 Jun 2026

World Cup 2026 is on track to become the biggest betting event in history, with global wagers expected to exceed $50 billion as sportsbooks report record-breaking activity driven by the expanded tournament format and growing legal gambling markets.

Indian-origin CFO gets jail term for bribing surgeons in US

Indian-origin CFO gets jail term for bribing surgeons in US

Rediff.com2 days ago

An Indian-origin chief financial officer of a US spinal implant company has been sentenced to a four-month jail term for his role in a scheme to bribe surgeons. Aditya Humad conspired to pay over USD 540,000 in sham consulting fees to surgeons to induce them to use SpineFrontier's products, leading to millions in revenue for the company and undermining healthcare safeguards.

Cricket Scotland, Dutch Cricket Association slam ICC over 2027 World Cup format changes

Cricket Scotland, Dutch Cricket Association slam ICC over 2027 World Cup format changes

Rediff.com2 days ago

Cricket Scotland and the Royal Dutch Cricket Association have strongly criticised the International Cricket Council's decision to implement significant structural changes to the 2027 ODI World Cup qualification pathway and tournament format, stating it 'risk weakening the integrity and credibility of international cricket'.

'Worst Phase For Equities Appears To Be Behind Us'

'Worst Phase For Equities Appears To Be Behind Us'

Rediff.com6 days ago

'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'

From Track Injury to Asian Games: Kamaljeet's Inspiring Shooting Journey

From Track Injury to Asian Games: Kamaljeet's Inspiring Shooting Journey

Rediff.com4 days ago

Rewari's Kamaljeet, a 22-year-old pistol shooter, is set to represent India at the 20th Asian Games in Aichi-Nagoya, Japan, after an injury ended his athletics dream and he transitioned to shooting in 2019, overcoming financial struggles with strong family and institutional support.

Why AI Agents Can't Go Fully Autonomous Yet

Why AI Agents Can't Go Fully Autonomous Yet

Rediff.com3 Aug 2026

The biggest challenge to widespread deployment is no longer AI. It is the financial and commerce infrastructure that was built decades ago for deterministic software and human interactions -- not autonomous AI agents.

How CII-IWN Is Empowering Women Through Practical AI Skills

How CII-IWN Is Empowering Women Through Practical AI Skills

Rediff.com3 days ago

The Confederation of Indian Industry-Indian Women Network (CII-IWN) organised a hands-on Artificial Intelligence (AI) workshop in Chandigarh for women entrepreneurs and professionals. The session focused on practical applications of AI, including generative AI and LLMs, to address business challenges and enhance productivity across various functions like marketing, content creation, and data analysis.

Ram Temple donation case: SC to hear pleas on August 17

Ram Temple donation case: SC to hear pleas on August 17

Rediff.com2 days ago

The Supreme Court will hear petitions on August 17 seeking a court-monitored SIT probe into alleged embezzlement of donations at the Ram temple in Ayodhya, after deferring the original hearing due to the Solicitor General's UN engagement.

The Ajinkya Rahane You Must Know

The Ajinkya Rahane You Must Know

Rediff.com2 days ago

'While his cricketing achievements are obvious, people should remember Ajinkya Rahane, the person. Because he has inspired youngsters in the dressing room by his powerful humane gestures.'

Investing all at once or little by little? The real answer might surprise you!

Investing all at once or little by little? The real answer might surprise you!

Rediff.com23 Jul 2026

The decision depends on factors like your capital on hand, investment timeframe, and comfort level with market fluctuations. In this blog, let us understand how both approaches work.

What Went Wrong At Tata Sons After Ratan Tata?

What Went Wrong At Tata Sons After Ratan Tata?

Rediff.com2 hours ago

Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.

Easy Loans: 5 Rules Every Borrower Should Follow

Easy Loans: 5 Rules Every Borrower Should Follow

Rediff.com21 Jul 2026

The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely

Prasanna Bisht: 'I Was Ready To Pack My Bags And Leave Mumbai'

Prasanna Bisht: 'I Was Ready To Pack My Bags And Leave Mumbai'

Rediff.com21 hours ago

'I was like I can't afford it. I cannot survive in Mumbai, so I will go back to the mountains.' 'But by God's grace, at that very moment, I got Adarsh Baal Vidyalaya, and Mumbai stopped me from leaving.'

Raghav Juyal's Brother Makes A Fascinating Film!

Raghav Juyal's Brother Makes A Fascinating Film!

Rediff.com2 days ago

'Raghav and I complement each other. He talks to me a lot about form and how he approaches his characters. Our paths are different, but we both are very much aligned emotionally.'

'Manmohan Singh's 1991 Budget Speech Was Freedom Day For Us'

'Manmohan Singh's 1991 Budget Speech Was Freedom Day For Us'

Rediff.com6 days ago

'1991 was an exceptional period in Indian history.' 'A big 400-volt shock was administered to the system, which was required. Today, we are in a much, much better position.'

Volatile trading session on RBI's big day, Sensex holds steady with 152-point gain

Volatile trading session on RBI's big day, Sensex holds steady with 152-point gain

Rediff.com7 days ago

The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.

PSBs' Profit Nearly Trebles in Five Years to Record Rs 1.98 Trillion

PSBs' Profit Nearly Trebles in Five Years to Record Rs 1.98 Trillion

Rediff.com29 Jul 2026

India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.