News for 'Financials'

Pune Police Arrest IT Firm CEO After Sudden Closure Leaves 500 Jobless

Pune Police Arrest IT Firm CEO After Sudden Closure Leaves 500 Jobless

Rediff.com4 Jun 2026

The CEO of Noida-based IT firm ThynkTech India OPC Pvt Ltd has been arrested in connection with the sudden closure of its Pune branch, which left around 500 employees jobless. The company is accused of withholding salaries and financial irregularities.

Rajesh Exports dismisses 'speculative' claims of inflated revenue, LIC share placement

Rajesh Exports dismisses 'speculative' claims of inflated revenue, LIC share placement

Rediff.com5 Jun 2026

Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.

Delhi hotel fire: Key accused Jay Mishra surrenders to court

Delhi hotel fire: Key accused Jay Mishra surrenders to court

Rediff.com8 Jun 2026

Jay Mishra, a key accused and associate of the owner in the south Delhi hotel fire that killed 22 people, has surrendered to a court. Mishra is implicated in the hotel's operations and lack of security, with the police probe widening to examine his and the owner's roles in the tragedy.

LDF govt left Rs 5 lakh cr liabilities, says Kerala CM on tabling white paper

LDF govt left Rs 5 lakh cr liabilities, says Kerala CM on tabling white paper

Rediff.com4 Jun 2026

Kerala Chief Minister V D Satheesan on Thursday hit out at the previous Left Democratic Front government, claiming that it had left behind huge liabilities, including Kerala Infrastructure Investment Fund Board borrowings, amounting to Rs 5.07 lakh crore.

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Rediff.com10 Jun 2026

Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.

Sensex,Nifty Decline as US-Iran Tensions, FII Outflows Weigh on Sentiment

Sensex,Nifty Decline as US-Iran Tensions, FII Outflows Weigh on Sentiment

Rediff.com11 Jun 2026

Indian equity benchmark indices Sensex and Nifty closed lower on Thursday, driven by escalating tensions between the US and Iran, persistent foreign fund outflows, and concerns over rising US inflation.

Jio Platforms files for $4 bn IPO

Jio Platforms files for $4 bn IPO

Rediff.com19 Jun 2026

Jio Platforms Ltd, the digital services arm of Reliance Industries, has filed draft papers for an initial public offering (IPO) aiming to raise approximately USD 4 billion (about Rs 37,700 crore), which is expected to be India's largest ever IPO.

Iran says US has agreed to release $12 billion frozen assets

Iran says US has agreed to release $12 billion frozen assets

Rediff.com15 Jun 2026

A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.

'Money Makes A Huge Difference In A Marriage'

'Money Makes A Huge Difference In A Marriage'

Rediff.com18 Jun 2026

Bengaluru-based Priyanka* reveals how resuming her career and becoming financially independent taught her to feel confident about herself.

How Punjab Police Dismantled Drug Trafficking Networks

How Punjab Police Dismantled Drug Trafficking Networks

Rediff.com31 May 2026

Punjab Police has dismantled the financial infrastructure of drug-trafficking networks, freezing assets worth Rs 300 crore linked to alleged drug smugglers.

US-Iran Talks, Crude Oil, Macro Data to Dictate Bullion Trend

US-Iran Talks, Crude Oil, Macro Data to Dictate Bullion Trend

Rediff.com21 Jun 2026

Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.

Tamil Nadu Debt Nearly Doubles to 10 Trillion in Five Years

Tamil Nadu Debt Nearly Doubles to 10 Trillion in Five Years

Rediff.com18 Jun 2026

A new white paper released by the Tamilaga Vettri Kazhagam (TVK) government reveals that Tamil Nadu's direct debt has nearly doubled to an alarming 10 trillion in the past five years, exposing significant fiscal strain and a substantial debt burden on every citizen.

TCS stares at additional $70 mn hit after US Supreme Court declines review in trade secret dispute

TCS stares at additional $70 mn hit after US Supreme Court declines review in trade secret dispute

Rediff.com16 Jun 2026

Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Rediff.com4 Jun 2026

BJP leaders Rajeev Chandrasekhar and B B Gopakumar have accused both the UDF and LDF governments of pushing Kerala into an economic crisis. They criticised the lack of solutions from the ruling fronts, highlighted the state's high public debt, and questioned the allocation of revenue for development versus salaries and pensions.

Time India Embraces China And US

Time India Embraces China And US

Rediff.com26 Jun 2026

India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.

Emirates NBD buys majority stake in RBL Bank for $2.75 bn

Emirates NBD buys majority stake in RBL Bank for $2.75 bn

Rediff.com18 Jun 2026

Emirates NBD Bank has successfully acquired a 60 per cent majority stake in RBL Bank through a primary capital infusion of approximately USD 2.75 billion, marking the largest foreign direct investment in India's banking sector.

NIA Raids Punjab Residence Amidst Deepening Terror-Gangster Network Probe

NIA Raids Punjab Residence Amidst Deepening Terror-Gangster Network Probe

Rediff.com9 Jun 2026

The National Investigation Agency (NIA) conducted raids in Punjab's Mansa district and other locations in Punjab and Haryana as part of its ongoing investigation into terror-gangster networks linked to Pakistani terrorist Shahzad Bhatti. The raids targeted individuals, including Yadvinder Singh, who admitted contact with Bhatti and is also facing an NDPS case.

Former Reliance ADAG Executives Arrested By ED Under PMLA

Former Reliance ADAG Executives Arrested By ED Under PMLA

Rediff.com12 Jun 2026

The Enforcement Directorate has arrested Sateesh Seth and Gautam Doshi, former executives of the Reliance Anil Ambani Group, under the Prevention of Money Laundering Act (PMLA) in Mumbai. The arrests are linked to a case registered in New Delhi, and the duo will be transported there on transit remand.

CBI repatriates cybercrime kingpin, murder accused from Thailand, Georgia

CBI repatriates cybercrime kingpin, murder accused from Thailand, Georgia

Rediff.com12 Jun 2026

The CBI successfully coordinated the repatriation of Ganesh Balaso Kale, a cybercrime suspect from Thailand, and Vainket Garg, wanted for murder and other offences, from Georgia, demonstrating effective international law enforcement cooperation.

Banks Push Loans Against Mutual Funds

Banks Push Loans Against Mutual Funds

Rediff.com4 Jun 2026

LAMF allows investors to access liquidity while staying invested.

Con City Review: Heist Comedy That Keeps Misfiring

Con City Review: Heist Comedy That Keeps Misfiring

Rediff.com26 Jun 2026

Con City has a fun premise and a handful of clever scams, but its biggest con is convincing you it's smarter than it really is.

'How Much Money A Film Has Made, How Much Money It Has Not Made'

'How Much Money A Film Has Made, How Much Money It Has Not Made'

Rediff.com9 Jun 2026

'There is a relationship between the audience and the film, and money should not come in between them.'

'Psycho killer' poisons 8 men with borax powder, attends their funeral

'Psycho killer' poisons 8 men with borax powder, attends their funeral

Rediff.com23 Jun 2026

A 46-year-old shopkeeper, Ram Sahay Jaiswal, has been arrested in Chhattisgarh's Balodabazar district for allegedly poisoning eight men with borax powder over four months, driven by revenge and grudges.

FIFA World Cup brings back bitter memories for Mexico's missing families

FIFA World Cup brings back bitter memories for Mexico's missing families

Rediff.com24 Jun 2026

Mexico counts more than 135,000 missing people, a figure that has surged since 2006 when then-President Felipe Calderon launched a war against the country's drug cartels.

Beware of fake FIFA World Cup streaming platforms, warn Kerala Police

Beware of fake FIFA World Cup streaming platforms, warn Kerala Police

Rediff.com11 Jun 2026

Kerala police have issued a warning about a sophisticated cyber fraud targeting football fans. Scammers are using fake OTT apps and social media advertisements promising free access to FIFA World Cup 2026 matches. These malicious apps gain control of users' phones and illegally withdraw money from bank accounts. The police advise downloading apps only from official stores and being cautious of suspicious permissions.

Sreesanth Challenges Harbhajan To Boxing Match

Sreesanth Challenges Harbhajan To Boxing Match

Rediff.com19 Jun 2026

'I am challenging you, Bhajji. If you have a problem with the slap thing and me... come into the ring.'

WPL, WC triumph driving India's growing depth in women's cricket, says Hussain

WPL, WC triumph driving India's growing depth in women's cricket, says Hussain

Rediff.com11 Jun 2026

Nasser Hussain says India's Women's Premier League and ODI World Cup triumph have created an "unstoppable force" in women's cricket, boosting talent depth and inspiring the next generation of players.

US Payment Giant Zelle Expands To India

US Payment Giant Zelle Expands To India

Rediff.com12 Jun 2026

Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.

Jharkhand to Provide Financial Aid to Crime Victims

Jharkhand to Provide Financial Aid to Crime Victims

Rediff.com26 Feb 2026

The Jharkhand government will provide financial assistance to victims of crime or their dependents under the Jharkhand Victim Compensation Scheme, 2016. Minimum compensation amounts have been fixed for various crimes, with applications submitted to the District Legal Services Authority (DLSA).

Hyderabad Land Scam: More Arrests Made

Hyderabad Land Scam: More Arrests Made

Rediff.com31 May 2026

Two more individuals have been arrested in Hyderabad for allegedly attempting to encroach on government land using fabricated government orders. The arrests follow a prior case involving similar fraudulent activities.

Delhi Hotel Fire: Key Accused Jay Mishra Surrenders

Delhi Hotel Fire: Key Accused Jay Mishra Surrenders

Rediff.com8 Jun 2026

Jay Mishra, a key accused and associate of the hotel owner in the south Delhi hotel fire that killed 22 people, has surrendered to a court and been remanded to police custody. Mishra is believed to have played a crucial role in the hotel's operations, and his arrest is a significant development in the ongoing investigation into the tragic blaze.

India Inc to see 8.6-10.2% salary hikes in FY27, driven by skilled talent demand

India Inc to see 8.6-10.2% salary hikes in FY27, driven by skilled talent demand

Rediff.com9 Jun 2026

Corporate India is projected to offer salary increments ranging from 8.6 per cent to 10.2 per cent across various industries in the financial year 2026-27, primarily fuelled by a sustained demand for skilled and execution-focused talent, according to a TeamLease Services report.

4 Finance Careers That Really Pay Well

4 Finance Careers That Really Pay Well

Rediff.com28 May 2026

In the latest Rediff series exploring non-traditional careers, Sandeep Goel, professor and dean-research at MDI, Gurgaon lists a range of high-growth finance careers beyond CA, CS, and MBA degrees.

Vedanta Aluminium Metal set to be top performer post-demerger

Vedanta Aluminium Metal set to be top performer post-demerger

Rediff.com24 Jun 2026

The demerger of Vedanta's four new entities - Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel - has led to a 16% appreciation in aggregated market capitalisation, with Vedanta Aluminium Metal identified as a likely near-term top performer due to its scale, low production costs, and favourable commodities cycle.

Twist in Pune fort death: Fiancee, male friend held for realtor's fatal fall

Twist in Pune fort death: Fiancee, male friend held for realtor's fatal fall

Rediff.com24 Jun 2026

Police in Pune have detained the fiancee and a male friend of trekker Ketan Vishal Agarwal, who was initially believed to have died in an accidental fall at Lohagad fort. The case is now being investigated as a murder, with allegations that the two suspects pushed Agarwal into a deep gorge.

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

Rediff.com4 Jun 2026

State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.

Bhagwat's Haldighati Claim Diminishes History

Bhagwat's Haldighati Claim Diminishes History

Rediff.com23 Jun 2026

Maharana Pratap became a hero not because he won a battle, but because he continued fighting after he lost one, asserts Harishchandra.

Exports to Asia, Africa bolster India's trade balance

Exports to Asia, Africa bolster India's trade balance

Rediff.com17 Jun 2026

India's latest trade data reveals a significant geographical realignment, with trade surpluses growing decisively with Asian and African nations, even as surpluses with traditional partners like the US and Netherlands narrow.

How To Choose A Retail Algo

How To Choose A Retail Algo

Rediff.com23 Jun 2026

Algo strategies must be registered with stock exchanges.

Investment, Consumption Drive India's FY26 GDP Growth

Investment, Consumption Drive India's FY26 GDP Growth

Rediff.com13 Jun 2026

India's economy in FY26 saw significant momentum from investment demand, with gross fixed capital formation (GFCF) accelerating to 8.2 per cent, while private final consumption expenditure (PFCE) also grew steadily, according to provisional estimates.