News for 'Financials'

Why a Flat SIP Might Leave You Poorer Than You Think

Why a Flat SIP Might Leave You Poorer Than You Think

Rediff.com16 Jul 2026

You should look beyond a flat SIP, ensuring that your investments grow along with your income, expenses, and financial aspirations.

Child trafficking 'heinous scourge', says court, denies bail to accused

Child trafficking 'heinous scourge', says court, denies bail to accused

Rediff.com4 Aug 2026

A Delhi court has denied bail to Raj Kumar, an accused in an inter-state child trafficking racket, emphasising that child trafficking is a "heinous scourge" and an "onslaught on the moral conscience of civilised society." The court highlighted the vulnerability of children and the commercialisation of infants, noting that the complainant's newborn is still missing and the accused's wife has prior involvement in similar cases.

Manipal Health to launch India's largest healthcare IPO on July 29, aiming for Rs 9,275 crore

Manipal Health to launch India's largest healthcare IPO on July 29, aiming for Rs 9,275 crore

Rediff.com25 Jul 2026

Manipal Health Enterprises is set to launch India's largest healthcare initial public offering (IPO) on July 29, aiming to raise Rs 9,275.22 crore to fund expansion and debt reduction, with the issue closing on July 31.

P&G Appoints India-Born Shailesh Jejurikar As Chairman

P&G Appoints India-Born Shailesh Jejurikar As Chairman

Rediff.com29 Jul 2026

Procter & Gamble has announced the appointment of its India-born President and CEO, Shailesh Jejurikar, as the Chairman, effective August 1, 2026. He will succeed Jon Moeller, who is set to retire. Jejurikar, an IIM Lucknow alumnus, has been with P&G since 1989 and has held various senior leadership roles.

Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case

Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case

Rediff.com1 Aug 2026

The Securities and Exchange Board of India (Sebi) has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year, imposing a total penalty of Rs 1.48 crore, for the unauthorised pledge of ZEEL's Hyderabad land to secure loans for promoter-linked Essel Group entities.

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.

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.

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.

Iron Trader in Kanpur Ends Life Due to Financial Distress

Iron Trader in Kanpur Ends Life Due to Financial Distress

Rediff.com13 Apr 2026

A 40-year-old iron trader in Kanpur, India, allegedly died by suicide due to mounting financial losses in his business. Police are investigating the circumstances surrounding his death.

Rahul, Kharge write to Modi for probe into Ram temple theft

Rahul, Kharge write to Modi for probe into Ram temple theft

Rediff.com19 Jul 2026

Congress leaders Rahul Gandhi and Mallikarjun Kharge have written to Prime Minister Narendra Modi, demanding an independent investigation into alleged embezzlement of donations at the Ayodhya Ram temple. They highlighted that devotees feel betrayed and urged the Prime Minister to ensure accountability and make the Trust's financial affairs public. The controversy follows the arrest of eight people and the resignation of two Trust functionaries in connection with the alleged theft.

Tata Consumer's new businesses drive strong Q1, poised for sustained double-digit growth

Tata Consumer's new businesses drive strong Q1, poised for sustained double-digit growth

Rediff.com4 Aug 2026

Tata Consumer Products reported healthy revenue growth in Q1 FY27, driven by its India branded business and accelerating momentum in newer segments, which are now expected to sustain double-digit sales growth and improve profitability.

Bankipur win gives Prashant Kishor's party a foothold in Bihar

Bankipur win gives Prashant Kishor's party a foothold in Bihar

Rediff.com3 Aug 2026

Political strategist-turned-politician Prashant Kishor's Jan Suraaj Party has secured its first seat in the Bihar Assembly, with Kishor winning the Bankipur bypoll in his electoral debut, stunning the BJP in its long-held bastion.

E20 petrol: Nitin Gadkari sues Meta, X, Google over 'defamatory' AI deepfakes

E20 petrol: Nitin Gadkari sues Meta, X, Google over 'defamatory' AI deepfakes

Rediff.com28 Jul 2026

Union Minister Nitin Gadkari has filed a civil suit against Meta, X Corp, Google LLC, and unknown persons in the Bombay High Court over "defamatory" deepfakes and AI-generated posts concerning the ethanol policy. The court will hear the matter on August 5, with Gadkari seeking a permanent injunction and immediate takedown of the fake content, which he claims has harmed his reputation.

HCLTech's Q1 Profit Jumps 20% to Rs 4,624 Cr, FY27 Revenue Guidance Intact

HCLTech's Q1 Profit Jumps 20% to Rs 4,624 Cr, FY27 Revenue Guidance Intact

Rediff.com13 Jul 2026

HCL Technologies reported a significant 20 per cent year-on-year increase in its consolidated net profit for the June quarter of FY27, reaching Rs 4,624 crore, while maintaining its revenue growth guidance of 1-4 per cent for the fiscal year.

How Generative AI Will Reshape India's Job Market

How Generative AI Will Reshape India's Job Market

Rediff.com29 Jul 2026

A Goldman Sachs report indicates that up to 12% of India's non-agricultural workforce is at risk of substitution by generative AI, while 42-48% could be complemented. The report highlights uneven impacts across sectors and job types, with IT-enabled services facing higher risk and physical tasks remaining less affected. Gen-AI is projected to boost India's labour productivity growth over the next decade.

Cauvery issue escalates as TN minister rejects all-party meet; targets Oppn

Cauvery issue escalates as TN minister rejects all-party meet; targets Oppn

Rediff.com2 Aug 2026

Tamil Nadu Minister C T R Nirmal Kumar has rejected calls for an all-party meeting to discuss the ongoing Cauvery water dispute with Karnataka, citing a previously passed unanimous resolution in the Assembly. He accused DMK and Karnataka CM D K Shivakumar of working against Tamil Nadu's interests and criticised the DMK's "hasty" Supreme Court petition.

ArcelorMittal reports 62% drop in Q2 net income to $683 million

ArcelorMittal reports 62% drop in Q2 net income to $683 million

Rediff.com31 Jul 2026

ArcelorMittal reported a significant 62 per cent year-on-year decline in its net income, reaching USD 683 million in the June 2026 quarter, despite a quarter-on-quarter increase in sales and improved performance from its Indian joint venture, AMNS India.

Ram temple trust begins search for CEO. Check the criteria

Ram temple trust begins search for CEO. Check the criteria

Rediff.com14 Jul 2026

The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the first Chief Executive Officer (CEO) of the Ram temple in Ayodhya. This new position aims to strengthen administrative and financial management following alleged embezzlement concerns. The CEO will be appointed for a three-year term, overseeing various aspects from finance to pilgrim facilities, and must be an actively practising Hindu with specific managerial experience.

Sebi tightens governance norms in post-Madhabi Buch era

Sebi tightens governance norms in post-Madhabi Buch era

Rediff.com16 Jul 2026

The Securities and Exchange Board of India (Sebi) has introduced a comprehensive new code of conduct for its board members, significantly tightening rules on conflict of interest, disclosures, recusals, and non-permitted investments, moving from broad ethical guidelines to a more prescriptive, compliance-driven regime.

Here's why Kohli's RCB is IPL's most valuable team

Here's why Kohli's RCB is IPL's most valuable team

Rediff.com29 Jul 2026

The business value of the Indian Premier League (IPL) has surged by over 11% to $20.6 billion this year, according to U.S.-based investment bank Houlihan Lokey. This growth is driven by its robust commercial model, attracting significant investor interest, as evidenced by recent franchise ownership changes and a diversified commercial ecosystem.

Sun Pharma sees 27% profit surge in Q1FY27, driven by India and innovative medicines

Sun Pharma sees 27% profit surge in Q1FY27, driven by India and innovative medicines

Rediff.com1 Aug 2026

Sun Pharmaceutical Industries reported a 27 per cent year-on-year increase in consolidated net profit to 2,894.7 crore for Q1FY27, with revenue growing 10 per cent to 15,299.8 crore, driven by strong performance in India and innovative medicines.

Infosys Q1 Net Profit Up 12.2%, Lowers Full-Year Revenue Growth Forecast

Infosys Q1 Net Profit Up 12.2%, Lowers Full-Year Revenue Growth Forecast

Rediff.com23 Jul 2026

Infosys reported a 12.2 per cent year-on-year increase in consolidated net profit for the June quarter, reaching Rs 7,769 crore, but simultaneously lowered its full-year FY27 revenue growth outlook to 1.5-3 per cent, citing an uncertain macro-environment.

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.

New ITR Forms Demand More Tax Details

New ITR Forms Demand More Tax Details

Rediff.com24 Jul 2026

Taxpayers must provide more details to support deduction and exemption claims.

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.

Guess How Much DIIs Invested In Indian Equities?

Guess How Much DIIs Invested In Indian Equities?

Rediff.com1 Aug 2026

DIIs invested $22.8 billion in Indian equities in Q2CY26.

NCP Leader's Sister Under Scrutiny in Godman's Financial Irregularities Case

NCP Leader's Sister Under Scrutiny in Godman's Financial Irregularities Case

Rediff.com13 Apr 2026

The sister of NCP leader Rupali Chakankar is being questioned in connection with the alleged use of her bank account by arrested self-styled godman Ashok Kharat, who is accused of financial irregularities and land grabbing.

Sports Ministry Provisionally Recognises FMSCI To Boost Motorsport In India

Sports Ministry Provisionally Recognises FMSCI To Boost Motorsport In India

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), a move aimed at promoting motorsport and facilitating Formula 1's return to India. This recognition requires FMSCI to amend its constitution to comply with governance acts, and a Task Force is being established to assess the benefits and challenges of hosting major motorsport events.

Aspiring Cricketer's Suicide: A Wake-Up Call

Aspiring Cricketer's Suicide: A Wake-Up Call

Rediff.com3 Aug 2026

Millions play cricket in India; only a few reach the IPL teams or the Indian team. Sometimes, a player may not get selected not due to lack of skill, at other times it may be due to team balance. But what every youngster should remember is that talent is permanent; selection is temporary, notes K R Nayar.

FIFA's $20 Billion Subsidiary Plan for World Cup Draws UEFA's Fury

FIFA's $20 Billion Subsidiary Plan for World Cup Draws UEFA's Fury

Rediff.com29 Jul 2026

FIFA plans to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to manage the World Cup and other events, offering up to 20% stakes to external investors, a move that has drawn fierce criticism from UEFA, who accused the governing body of putting the game's 'soul' up for sale.

7 Life Lessons From Spider-Man: Brand New Day

7 Life Lessons From Spider-Man: Brand New Day

Rediff.com7 Aug 2026

Spider-Man: Brand New Day shows that even superheroes need friends, healthy outlets for their emotions and the courage to learn from their mistakes.

Bengaluru hotels warn of Swiggy boycott from Aug 15 over payment dispute

Bengaluru hotels warn of Swiggy boycott from Aug 15 over payment dispute

Rediff.com30 Jul 2026

The Bangalore Hotels Association (BHA) on Wednesday warned that hotels affiliated to it and other hospitality bodies in the city would suspend business with online food delivery platform Swiggy from August 15 if the company failed to resolve longstanding issues relating to payment transparency, unauthorised deductions and advertising charges.

Netweb Technologies Records Stellar Q1 Growth Driven By AI Systems

Netweb Technologies Records Stellar Q1 Growth Driven By AI Systems

Rediff.com28 Jul 2026

High-performance computing server maker Netweb Technologies reported a more than twofold increase in net profit to Rs 85.32 crore for the first quarter ended June 30, 2026. This significant growth was primarily driven by its AI Systems segment, which contributed over 62% of the revenue. The company also saw its revenue from operations more than double to Rs 819.6 crore, reflecting strong demand and disciplined execution, with a robust order book of Rs 2,507 crore.

HUL's Q1 Profit Falls 3.2% to Rs 2,680 Cr Despite 10.3% Sales Surge

HUL's Q1 Profit Falls 3.2% to Rs 2,680 Cr Despite 10.3% Sales Surge

Rediff.com28 Jul 2026

Hindustan Unilever Ltd (HUL) reported a 3.17 per cent year-on-year decline in consolidated net profit to Rs 2,680 crore for the June quarter, even as revenue from product sales surged by 10.26 per cent to Rs 17,149 crore, marking its highest growth in 13 quarters.

Chhattisgarh Government Commits Rs 100 Crore To Sports Development

Chhattisgarh Government Commits Rs 100 Crore To Sports Development

Rediff.com28 Jul 2026

Chhattisgarh Chief Minister Vishnu Deo Sai announced a Rs 100 crore allocation for sports infrastructure and athlete development during a Sports Conclave in Raipur. The state government is focused on promoting sports, nurturing talent, and providing employment opportunities for outstanding sportspersons, alongside organising major sporting events like the Bastar and Surguja Olympics.

'Mid- Small-Caps May Deliver More Selective Returns'

'Mid- Small-Caps May Deliver More Selective Returns'

Rediff.com28 Jul 2026

'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'

100% tariffs on India? US Senate backs Russia, Iran sanction bill

100% tariffs on India? US Senate backs Russia, Iran sanction bill

Rediff.com29 Jul 2026

A bipartisan group of US Senators has agreed to fast-track a bill allowing the President to impose sanctions on major purchasers of oil from Russia and Iran. This legislation, known as the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, aims to restrict funding for Russia's war efforts and Iran's energy and weapons sectors, potentially impacting countries like China and India through tariffs and other restrictions.

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.

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.'

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.