News for 'Financials'

US Senate passes Russia sanctions bill with 100% tariff on India, 4 others

US Senate passes Russia sanctions bill with 100% tariff on India, 4 others

Rediff.com8 Aug 2026

The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.

US Court Dismisses Adani Criminal Case; Gautam Adani Says 'Truth Prevailed'

US Court Dismisses Adani Criminal Case; Gautam Adani Says 'Truth Prevailed'

Rediff.com7 days ago

A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.

'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.

TVS Venu Group to bolster financial services presence with Jana SFB stake

TVS Venu Group to bolster financial services presence with Jana SFB stake

Rediff.com19 May 2026

TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.

Why India Must Resist US Pressure On UPI Policies

Why India Must Resist US Pressure On UPI Policies

Rediff.com6 Aug 2026

A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.

Can VinFast Sustain Its Blistering India Start?

Can VinFast Sustain Its Blistering India Start?

Rediff.com5 Aug 2026

VinFast has gone from an unknown brand to India's fifth-largest EV carmaker in just seven months, but its toughest battle is only beginning.

'Best For Investors To Miss India IT Bus'

'Best For Investors To Miss India IT Bus'

Rediff.com10 Aug 2026

'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'

Jharkhand protestors seek probe by ex-judge from outside state into exam paper leaks

Jharkhand protestors seek probe by ex-judge from outside state into exam paper leaks

Rediff.com4 Aug 2026

Job aspirants in Jharkhand are protesting alleged paper leaks in PSC and other recruitment exams, demanding an independent inquiry by retired high court judges from outside the state. They have lost faith in the ongoing CID investigation, citing past failures, and threaten to intensify their agitation if their demands for a CBI or independent judicial probe are not met. The protests have garnered support from various organisations, with one leader on an indefinite hunger strike.

Tata Steel Explains Why Jamshedpur FC Pulled Out of the ISL

Tata Steel Explains Why Jamshedpur FC Pulled Out of the ISL

Rediff.com4 Aug 2026

Jamshedpur FC's withdrawal from the Indian Super League was a pre-planned strategic decision to refocus on grassroots football development, independent of the league's commercial uncertainties, according to Tata Steel Vice President D B Sundara Raman.

NEET paper leak row: NTA floats Rs 7.5cr tender for security

NEET paper leak row: NTA floats Rs 7.5cr tender for security

Rediff.com3 Aug 2026

In response to the NEET-UG 2026 paper leak controversy, the NTA has initiated a significant security upgrade, floating a Rs 7.5 crore tender for comprehensive, round-the-clock security services to protect its critical infrastructure and confidential examination materials.

Indian Chess Federation Unveils Landmark Stipend Programme For Young Players

Indian Chess Federation Unveils Landmark Stipend Programme For Young Players

Rediff.com20 Jul 2026

The All India Chess Federation (AICF) has disbursed Rs 42.3 lakh in quarterly stipends to 42 promising young chess players across India. This first-of-its-kind initiative aims to alleviate financial burdens, support coaching and travel, and nurture future champions, aligning with a vision to strengthen grassroots chess development.

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.

Finance Minister Explains MDR Impact On Digital Payments

Finance Minister Explains MDR Impact On Digital Payments

Rediff.com6 Aug 2026

Finance Minister Nirmala Sitharaman clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers, and aims to support banks and fintech in infrastructure investment. She countered Congress leader Jairam Ramesh's claims, stating that a committee will decide on MDR only after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026, a process currently stalled by parliamentary disruptions.

Indian Crypto Firms Applaud CBDT's New Reporting Framework

Indian Crypto Firms Applaud CBDT's New Reporting Framework

Rediff.com28 Jul 2026

Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.

Pakistan's Arshad Nadeem reveals why he struggled in Glasgow

Pakistan's Arshad Nadeem reveals why he struggled in Glasgow

Rediff.com6 Aug 2026

Olympic gold medallist Arshad Nadeem has expressed his disappointment over social media criticism following his poor performance at the Commonwealth Games in Glasgow. He attributed his ninth-place finish to the extremely cold weather affecting his javelin throws and affirmed his commitment to return to winning form, stressing his grounded nature despite fame.

Himachal Bank Boosts Digital Services With New Platform

Himachal Bank Boosts Digital Services With New Platform

Rediff.com22 Jul 2026

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu congratulated the State Cooperative Bank on successfully migrating its core banking system to the 'Finacle 10.2.25' platform. This upgrade aims to provide faster, more transparent, and secure financial services, enhancing customer experience and operational efficiency across its 262 branches.

WhatsApp, Telegram, PDFs: How accused circulated NEET papers

WhatsApp, Telegram, PDFs: How accused circulated NEET papers

Rediff.com7 Aug 2026

The Central Bureau of Investigation (CBI) has alleged that the NEET-UG 2026 paper leak was orchestrated through an extensive digital network, with confidential question papers circulated via WhatsApp, Telegram, and electronic files among conspirators days before the examination.

CBDT releases comprehensive guidance for crypto-asset tax reporting

CBDT releases comprehensive guidance for crypto-asset tax reporting

Rediff.com27 Jul 2026

The Central Board of Direct Taxes (CBDT) has released a 198-page guidance note to assist crypto-asset service providers in complying with reporting obligations under the Income-tax Act, 2025, aligning India with the OECD's Crypto-Asset Reporting Framework (Carf) for automatic exchange of tax information.

Assam Floods: The Village The Dikhow River Wiped Out

Assam Floods: The Village The Dikhow River Wiped Out

Rediff.com3 Aug 2026

The water rose from knee level to chest height within minutes before climbing even higher. Homes crumbled, cattle sheds collapsed and everything that could be carried away by the current vanished.

How Bank Staff Exploit Depositors' Trust For Fraud

How Bank Staff Exploit Depositors' Trust For Fraud

Rediff.com6 days ago

A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.

Can FIFA's small nations save Infantino's presidency?

Can FIFA's small nations save Infantino's presidency?

Rediff.com3 Aug 2026

Gianni Infantino's bid for a fourth term as FIFA president faces challenges from traditional football powers, but his strategy relies heavily on the support of smaller, emerging nations that benefit significantly from FIFA's development grants.

Milky Mist Dairy Food IPO to open on Aug 11, targets Rs 1,553 crore

Milky Mist Dairy Food IPO to open on Aug 11, targets Rs 1,553 crore

Rediff.com6 Aug 2026

Milky Mist Dairy Food Ltd has set the price band for its Rs 1,553 crore Initial Public Offering (IPO) at Rs 133-140 per share, with subscriptions opening on August 11 and closing on August 13.

Swiggy's Q1 Net Loss Shrinks 34% Amidst Strong Revenue Growth

Swiggy's Q1 Net Loss Shrinks 34% Amidst Strong Revenue Growth

Rediff.com31 Jul 2026

Food and grocery delivery giant Swiggy has reported a significant narrowing of its net loss in the first quarter, down 34 per cent year-on-year to approximately 791 crore, while revenue from operations surged by 37 per cent to 6,812 crore. The company also achieved contribution margin break-even in its quick commerce segment, Instamart.

When Nifty Jumped 200 Points In ONE MINUTE

When Nifty Jumped 200 Points In ONE MINUTE

Rediff.com5 Aug 2026

The Nifty's stunning 200-point jump in the final minute of trading wasn't a glitch. It marked India's shift to a new, globally accepted system of end-of-day price discovery.

Can Fast-Track Courts Handle Paper Leak Cases?

Can Fast-Track Courts Handle Paper Leak Cases?

Rediff.com3 Aug 2026

As of December 2025, India had 880 Fast-Track Courts with 1.39 million pending cases, despite disposing of 1.33 million cases during the year.

M&M's Auto Segment Poised for Near-Term Gains Despite Q1FY27 Margin Contraction

M&M's Auto Segment Poised for Near-Term Gains Despite Q1FY27 Margin Contraction

Rediff.com8 Aug 2026

Mahindra & Mahindra's Q1FY27 results missed consensus estimates due to declining gross margins, but strong demand for its SUV portfolio and strategic price hikes are expected to drive near-term gains, particularly in the auto segment, despite headwinds in farm equipment.

IDBI employees' forum opposes stake sale to Fairfax, seeks review

IDBI employees' forum opposes stake sale to Fairfax, seeks review

Rediff.com20 Jul 2026

The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.

Andhra Pradesh, PNB Launch Quantum Finance Hub For Banking Innovation

Andhra Pradesh, PNB Launch Quantum Finance Hub For Banking Innovation

Rediff.com23 Jul 2026

Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.

What Makes Soundous Moufakir Just Right For The Traitors 2

What Makes Soundous Moufakir Just Right For The Traitors 2

Rediff.com5 Aug 2026

Moroccan-French model-turned-actress Soundous Moufakir is set to bring her fierce competitive spirit and strategic mind to The Traitors Season 2.

Provisional NSF Status For FMSCI Paves Way For F1 Return

Provisional NSF Status For FMSCI Paves Way For F1 Return

Rediff.com24 Jul 2026

The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF). This status makes FMSCI eligible for financial grants and is a significant step in the government's efforts to bring Formula 1 racing back to India, with a Task Force also being formed to explore hosting major motorsport events.

Infosys trims FY27 revenue guidance, citing 'uncertain macros'

Infosys trims FY27 revenue guidance, citing 'uncertain macros'

Rediff.com24 Jul 2026

Infosys has revised down the upper end of its revenue growth target for financial year 2027 (FY27) to 1.5-3 per cent, from the earlier 1.5-3.5 per cent, attributing the change to persistent macroeconomic uncertainty and a one-time client impact.

Salah Says Goodbye to Liverpool, Hello Turkey

Salah Says Goodbye to Liverpool, Hello Turkey

Rediff.com5 Aug 2026

Mohamed Salah has arrived in Istanbul, greeted by hundreds of fans, ahead of his expected free transfer to Turkish Super Lig side Trabzonspor, marking a new chapter after nine successful years at Liverpool.

10 Stars Who Clashed With Themselves On The Same Day!

10 Stars Who Clashed With Themselves On The Same Day!

Rediff.com6 days ago

Before Shabana Azmi tries to outrival herself in the Batwara 1947 and Awarapan 2 clash, we look at other Bollywood stars whose films released on the same day.

RBI extends loan recovery norms implementation to 2027, eases some rules

RBI extends loan recovery norms implementation to 2027, eases some rules

Rediff.com7 Aug 2026

The Reserve Bank of India (RBI) has extended the implementation date for its revised loan recovery and agent engagement directions to January 1, 2027, from the previously proposed October 1, 2026, following stakeholder feedback.

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.com6 days 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.'

Fitch projects 9% revenue growth for Indian corporates in FY27, maintaining stable credit metrics

Fitch projects 9% revenue growth for Indian corporates in FY27, maintaining stable credit metrics

Rediff.com29 Jul 2026

Fitch Ratings forecasts a 9 per cent aggregate revenue increase for rated Indian corporates in the current fiscal year (FY27), a stronger outlook compared to the 5 per cent estimated for FY26, which is expected to keep credit metrics stable despite potential global and domestic challenges.

Bengal Police bust Pakistan-linked honeytrap network targeting ministers

Bengal Police bust Pakistan-linked honeytrap network targeting ministers

Rediff.com4 Aug 2026

West Bengal police have unearthed a sophisticated Pakistan-linked honeytrap network targeting state ministers, their families, and other high-profile individuals, leading to the arrest of a third suspect, Aditya Singh, an alleged associate of Jaish-e-Mohammed operative Hamim Mondal.

TV Actor Aditi Sharma Accuses Husband Of Domestic Violence

TV Actor Aditi Sharma Accuses Husband Of Domestic Violence

Rediff.com3 Aug 2026

Aditi Sharma has filed a domestic violence complaint against her husband and in-laws, detailing allegations of physical and mental harassment, assault, verbal abuse, character defamation, and the misuse of her valuable stridhan.

Commonwealth Games 2026: Asmita Dey's inspiring journey from tragic loss to history

Commonwealth Games 2026: Asmita Dey's inspiring journey from tragic loss to history

Rediff.com31 Jul 2026

Asmita Dey became India's first Commonwealth Games judo gold medallist in the women's 48kg category, dedicating her historic victory to her late father who supported her journey.

Will Ram temple trust decide on new CEO, secretary today?

Will Ram temple trust decide on new CEO, secretary today?

Rediff.com22 Jul 2026

The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to hold crucial meetings to appoint a new general secretary, fill three vacant trustee posts, and deliberate on the appointment of the temple's first Chief Executive Officer (CEO), all while addressing the ongoing donation theft controversy and the Supreme Court's call for a fair investigation.