News for 'Financials'

India And Nepal Launch UPI-NPI Linkage For Seamless Cross-Border Payments

India And Nepal Launch UPI-NPI Linkage For Seamless Cross-Border Payments

Rediff.com11 Jun 2026

India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.

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.

Mumbai's BEST bus services remain below normal despite strike recall

Mumbai's BEST bus services remain below normal despite strike recall

Rediff.com22 Jun 2026

Despite BEST employees calling off their indefinite strike, Mumbai's bus services remained significantly below normal on Monday morning, with only 57% of the scheduled fleet operational. Commuters experienced long waits, leading many to seek alternative transport. The strike ended after an agreement with Deputy CM Eknath Shinde, which included interim pay hikes and commitments for future improvements and clearing dues.

'We need doctors': SC rejects plea against medical college fee structure

'We need doctors': SC rejects plea against medical college fee structure

Rediff.com24 Jun 2026

The Supreme Court dismissed a petition challenging the exorbitant fee structure in private medical colleges in Rajasthan, stating that self-financing institutions cannot be expected to charge the same fees as government institutions. The court emphasised the country's need for doctors and upheld the Rajasthan High Court's decision.

Rajasthan to get Yamuna waters from Haryana during monsoon

Rajasthan to get Yamuna waters from Haryana during monsoon

Rediff.com29 Jun 2026

Haryana and Rajasthan have signed an agreement to implement the 1994 Upper Yamuna River Board (UYRB) agreement, allowing Rajasthan to receive water from the Hathini Kund barrage during monsoons. The pact, signed in the presence of Union Home Minister Amit Shah, resolves a 32-year-old issue concerning water allocation among Yamuna basin states.

Ram Temple donation probe: FIR alleges criminal conspiracy

Ram Temple donation probe: FIR alleges criminal conspiracy

Rediff.com26 Jun 2026

Ayodhya Police have taken Ram Shankar Yadav into custody following an FIR alleging embezzlement of donations at the Ram Janmabhoomi Temple. The complaint, lodged by a member of the Shri Ram Janmabhoomi Teerth Kshetra Trust, names nine individuals and others for systematic theft and misappropriation of funds. A Special Investigation Team (SIT) was formed, and its preliminary findings led to the FIR. Chief Minister Yogi Adityanath has vowed a 'zero-tolerance' policy and urged evidence submission to the SIT.

Air India introduces basic fare category without complimentary meals

Air India introduces basic fare category without complimentary meals

Rediff.com17 Jun 2026

Loss-making Air India has introduced a new 'Basic Fare' category for select domestic flights, which does not include complimentary meals, as part of its efforts to trim expenses amid rising operational costs.

5 dead, 18 injured as temple roof collapses in Maharashtra

5 dead, 18 injured as temple roof collapses in Maharashtra

Rediff.com20 Jun 2026

A slab of a Hanuman temple collapsed in Yashwadi village, Parbhani district, Maharashtra, resulting in the deaths of at least three people and injuries to several others. A rescue operation is underway, and approximately 25 individuals have been rescued so far. The incident occurred on a Saturday, a day when the temple typically sees a large number of devotees.

Narang, Kunjarani Join Panel For National Sports Board

Narang, Kunjarani Join Panel For National Sports Board

Rediff.com15 Jun 2026

Olympic medallist Gagan Narang and weightlifting great N Kunjarani Devi have been appointed to a five-member search-cum-selection committee for the National Sports Board. Chaired by Cabinet Secretary T V Somanathan, the committee will recommend names for the Board's Chairperson and Members. The National Sports Board is tasked with recognising National Sports Bodies and ensuring compliance with governance, financial, and ethical standards under the new National Sports Governance Act.

Unheralded G Sindhushree Sets New Pole Vault National Record, Qualifies For Asian Games

Unheralded G Sindhushree Sets New Pole Vault National Record, Qualifies For Asian Games

Rediff.com25 Jun 2026

Karnataka's G Sindhushree, an unheralded pole vaulter, achieved a new national record of 4.25m at the National Inter-State Senior Athletics Championships in Bhubaneswar. This performance not only secured her a gold medal but also a spot in the Asian Games. Overcoming personal hardships, Sindhushree dedicated her achievement to her late father. The event also saw other athletes like Animesh Kujur, Harshita Bhadra, Manpreet Kaur, Gowthami Jayaraman, Mohammed Afsal, and N Thowfeeq qualify for the Asian Games in various disciplines.

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Rediff.com19 Jun 2026

The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.

Ex-PM IK Gujral's son Naresh duped of Rs 7.8 cr in cyber scam

Ex-PM IK Gujral's son Naresh duped of Rs 7.8 cr in cyber scam

Rediff.com18 Jun 2026

Former Rajya Sabha MP Naresh Gujral was allegedly duped of Rs 7.8 crore after cyber fraudsters impersonated him on a messaging app and tricked his company's chief financial officer into transferring funds to multiple bank accounts, the police said on Thursday.

Parliamentary panel flags recurring exam irregularities, seeks reforms

Parliamentary panel flags recurring exam irregularities, seeks reforms

Rediff.com16 Jun 2026

A parliamentary committee has voiced concerns over ongoing examination irregularities despite government measures, recommending the Ministry of Education publish a time-bound roadmap for reforms. The panel also urged a nationwide blacklist of firms involved in exam processes and suggested utilising the National Testing Agency's financial surplus to enhance its capabilities.

Marc Faber: 'Indian Markets Can Go Down 20 Per Cent'

Marc Faber: 'Indian Markets Can Go Down 20 Per Cent'

Rediff.com23 Jun 2026

'India has initiated a bear market and we will still go lower. It has nothing to do with the economy.'

How Pramaana Labs Is Building Accountable AI With $27 Million Funding

How Pramaana Labs Is Building Accountable AI With $27 Million Funding

Rediff.com17 Jun 2026

AI firm Pramaana Labs, with a significant Indian workforce, has successfully raised $27 million in seed funding led by Khosla Ventures. The company aims to use these funds to advance its unique technology that converts complex knowledge into machine-verifiable truth, addressing the accountability gap in AI across regulated sectors like tax, healthcare, and financial compliance.

EXL Strengthens AI Capabilities With IMerit Acquisition

EXL Strengthens AI Capabilities With IMerit Acquisition

Rediff.com25 Jun 2026

ExlService Holdings, a data and AI company, announced its acquisition of AI data solutions firm iMerit for up to USD 310 million. This strategic move aims to accelerate AI innovation, deepen EXL's AI capabilities in model training and evaluation, and expand its market presence in high-growth AI tech sectors. The transaction is expected to conclude in Q3 2026.

FIFA World Cup Trophy's Gold Content Doubles In Value Since 2022

FIFA World Cup Trophy's Gold Content Doubles In Value Since 2022

Rediff.com25 Jun 2026

The FIFA World Cup trophy's gold content has more than doubled in value since 2022, now estimated at USD 713,000, driven by a broader rally in gold prices due to geopolitical tensions and economic uncertainty. This makes it the most valuable sporting trophy by melt value, significantly surpassing other major awards like the Champions League and American sports trophies.

Torrent Pharma's India Business and Margin Expansion Fuel Brokerage Confidence

Torrent Pharma's India Business and Margin Expansion Fuel Brokerage Confidence

Rediff.com22 Jun 2026

Torrent Pharma has emerged as a top sectoral pick for brokerages, driven by healthy growth in India revenues and improved gross margins, leading to a 44 per cent stock return over the past year.

Couple's Death in Indore Raises Suicide and Financial Hardship Questions

Couple's Death in Indore Raises Suicide and Financial Hardship Questions

Rediff.com10 Mar 2026

A couple in Indore was found dead in their home, with police investigating the possibility of a murder-suicide linked to financial difficulties.

A Topper Reveals: Biggest Challenge In CA Prep Is....

A Topper Reveals: Biggest Challenge In CA Prep Is....

Rediff.com29 Jun 2026

CA All India Rank 3 Sohan Anil Manjrekar tells Rediff how he spent five years preparing for one of the toughest examinations in the country; he did it to fulfil his father's dream.

Why Banks Are Raising Deposit Rates

Why Banks Are Raising Deposit Rates

Rediff.com26 Jun 2026

The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.

Why Young Couples Don't Want Kids

Why Young Couples Don't Want Kids

Rediff.com30 Jun 2026

More Indians are consciously choosing to remain child-free. From personal freedom and finances to climate anxiety and mental wellbeing, young couples and singles tell us why parenthood isn't part of their life plan.

'My Bauji Is A True Baazigar'

'My Bauji Is A True Baazigar'

Rediff.com22 Jun 2026

Sudesh Tated explains why he is so proud of his father Suresh Tated. A Father's Day Special.

How To Protect Yourself From Online Dark Patterns

How To Protect Yourself From Online Dark Patterns

Rediff.com29 Jun 2026

'Dark patterns exploit human psychology, cognitive biases, urgency, confusion, or lack of attention to increase revenue for digital platforms at the expense of consumer choice and transparency.'

Half of Indian companies to adopt AI payroll in a year, ADP report finds

Half of Indian companies to adopt AI payroll in a year, ADP report finds

Rediff.com12 Jun 2026

A new report by ADP reveals that one in two Indian companies plan to adopt AI-powered payroll systems within the next 12 months, driven by the need for automation in workforce management, compliance, and compensation decisions. However, firms are increasingly cautious about data protection risks, especially with the implementation of the Digital Personal Data Protection (DPDP) Act, 2023.

US eases sanctions, grants 60-day Iranian oil licence amid Swiss talks

US eases sanctions, grants 60-day Iranian oil licence amid Swiss talks

Rediff.com22 Jun 2026

In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general licence authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.

TMC Alleges Political Vendetta After Police Search Abhishek Banerjee's Residence

TMC Alleges Political Vendetta After Police Search Abhishek Banerjee's Residence

Rediff.com13 Jun 2026

The Trinamool Congress (TMC) has strongly condemned a pre-dawn police search at MP Abhishek Banerjee's Kalighat residence in connection with an alleged financial fraud, calling it an act of political vendetta by West Bengal's BJP government. The party claims the search yielded no incriminating evidence, intensifying political confrontation in the state.

Delhi Police Uses MCOCA Against Multi-State Crime Syndicate

Delhi Police Uses MCOCA Against Multi-State Crime Syndicate

Rediff.com14 Jun 2026

Delhi Police has invoked the Maharashtra Control of Organised Crime Act (MCOCA) against an alleged multi-state crime syndicate led by Nasir Hafiz Khan, who is accused of numerous robberies and cheating cases. The action follows an investigation into a 2025 robbery, revealing Khan's extensive criminal history and previous MCOCA booking.

Delhi to register only e-two-wheelers from April 2028

Delhi to register only e-two-wheelers from April 2028

Rediff.com30 Jun 2026

The Delhi government has approved an ambitious electric vehicle policy that eliminates registration fees and road taxes for EVs priced up to Rs 30 lakh, offers a Rs 1 lakh incentive for purchasing new EVs while scrapping old vehicles, and mandates that only electric two-wheelers can be registered starting April 2028.

Rajasthan Police Arrest Man In Forced Conversion, Blackmail Case

Rajasthan Police Arrest Man In Forced Conversion, Blackmail Case

Rediff.com4 Jun 2026

Police in Bhilwara, Rajasthan, have arrested Shahid Mansuri on charges of forced religious conversion, sexual assault, blackmail, and financial exploitation of a 35-year-old woman. The woman alleged Mansuri befriended her, sexually assaulted her, blackmailed her with videos, forced her conversion and marriage in Delhi, and along with his family, extorted money and valuables from her. An investigation is ongoing to determine the involvement of others and examine financial transactions.

India Inc payout to shareholders grows slower than profit for third straight year

India Inc payout to shareholders grows slower than profit for third straight year

Rediff.com17 Jun 2026

Shareholder payouts by India Inc, including dividends and buybacks, increased by 2.2 per cent year-on-year in FY26 to $5.06 trillion, but this growth lagged the 18.8 per cent rise in reported net profit for the third consecutive year, leading to the lowest dividend payout ratio in 12 years.

IOC Introduces New Strategic Dialogue Phase For 2036 Olympic Host Selection

IOC Introduces New Strategic Dialogue Phase For 2036 Olympic Host Selection

Rediff.com24 Jun 2026

The International Olympic Committee (IOC) has introduced a new "Strategic Dialogue" phase in its host selection process for the 2036 Olympic Games, aiming for greater transparency and cost control. This new phase will impact India's bid, with the final host decision expected in mid-2029.

Indian Pharma Bets Beyond US Generics

Indian Pharma Bets Beyond US Generics

Rediff.com26 Jun 2026

Companies are investing heavily in complex injectables, respiratory therapies and biosimilars to improve margins and diversify portfolios.

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

SETL Invests Rs 500 Crore In AI Datacenter Sector With GScale Energy Acquisition

Rediff.com25 Jun 2026

Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.

Centre Mandates Periodic Renewal Of Fertility Clinics Registration

Centre Mandates Periodic Renewal Of Fertility Clinics Registration

Rediff.com25 Jun 2026

The move is to strengthen oversight, improve compliance, and boost patient confidence.

FIR In Ram Temple Donation Embezzlement

FIR In Ram Temple Donation Embezzlement

Rediff.com26 Jun 2026

Most of those named were involved with the donation-counting process.

Meerut Model Accuses Man Of Exploitation, Religious Conversion Pressure

Meerut Model Accuses Man Of Exploitation, Religious Conversion Pressure

Rediff.com9 Jun 2026

A Meerut model has filed a complaint alleging a man exploited her physically and financially for nearly a decade on the promise of marriage, later pressuring her for religious conversion. Police have initiated an investigation into the matter, which also includes allegations of financial fraud and forced abortions.

Jalandhar Doctor's Suicide: Husband Accused Of Torture, Fraud

Jalandhar Doctor's Suicide: Husband Accused Of Torture, Fraud

Rediff.com11 Jun 2026

A 37-year-old government doctor in Jalandhar, Punjab, died by suicide, leading to her ophthalmologist husband being booked for abetment. The victim's father alleges her husband subjected her to physical and mental torture over extramarital affairs and committed financial fraud by forging her signature for a large loan. The accused husband is currently absconding.

T20 World Cup: Mother sold her jewellery to buy me cricket kit: Kranti Gaud

T20 World Cup: Mother sold her jewellery to buy me cricket kit: Kranti Gaud

Rediff.com23 Jun 2026

Despite becoming a regular member of the Indian women's cricket team, pacer Kranti Gaud has not forgotten her roots and the sacrifices that her parents made to support her career and she wants to repay their faith by excelling at the ongoing T20 World Cup in Manchester.

'I Hope to See Many More Singhs at World Cup': Sarpreet Inspires Next Gen

'I Hope to See Many More Singhs at World Cup': Sarpreet Inspires Next Gen

Rediff.com19 Jun 2026

New Zealand midfielder Sarpreet Singh, the first Sikh footballer to play at a FIFA World Cup, hopes his historic appearance will inspire more players of Indian and South Asian heritage to reach football's biggest stage.