News for 'Financials'

DU Student Arrested For Supplying Hydroponic Marijuana To College Students

DU Student Arrested For Supplying Hydroponic Marijuana To College Students

Rediff.com9 Jun 2026

A 22-year-old Delhi University student was arrested in north Delhi with 195 grams of hydroponic marijuana, valued at Rs 20 lakh. He allegedly supplied the drug, known as OG, to college students to fund a lavish lifestyle. Police are investigating the supply chain.

After 3 deaths in ship attacks, India summons US envoy for second time

After 3 deaths in ship attacks, India summons US envoy for second time

Rediff.com12 Jun 2026

India has summoned the US charge d'affaires for the second time this week to protest American Navy strikes on three commercial vessels off the coast of Oman, which resulted in the deaths of three Indian crew members. New Delhi has demanded an end to these attacks, acknowledging that the US Navy targeted the ships, some of which were reportedly non-compliant with US sanctions.

Kejriwal claims Punjab polls likely in Nov; Mann to be AAP's CM face

Kejriwal claims Punjab polls likely in Nov; Mann to be AAP's CM face

Rediff.com12 Jun 2026

Aam Aadmi Party national convenor Arvind Kejriwal on Friday claimed that Punjab assembly elections may be held in November this year as against the expected February 2027. Kejriwal also projected Bhagwant Mann as the party's chief ministerial face.

Bengal Government To Pursue CBI Investigation Into GTA Teacher Recruitment Scam

Bengal Government To Pursue CBI Investigation Into GTA Teacher Recruitment Scam

Rediff.com29 May 2026

West Bengal Chief Minister Suvendu Adhikari announced the state government will move the Supreme Court to vacate the stay on a CBI probe into the alleged Gorkhaland Territorial Administration teacher recruitment scam. The decision follows complaints of corruption and illegal teacher recruitment within the GTA.

CMRL challenges ED probe into Pinarayi Vijayan's daughter's case

CMRL challenges ED probe into Pinarayi Vijayan's daughter's case

Rediff.com30 May 2026

Cochin Minerals and Rutile Ltd (CMRL) has challenged the Kerala High Court's decision allowing the Enforcement Directorate (ED) to investigate its financial dealings with Veena T, daughter of Kerala's Chief Minister Pinarayi Vijayan. CMRL argues the ED probe lacks jurisdiction and violates natural justice principles.

AI Agents to Equal Human Staff, No Downsizing Planned: TCS' Chandra

AI Agents to Equal Human Staff, No Downsizing Planned: TCS' Chandra

Rediff.com9 Jun 2026

Tata Consultancy Services (TCS) Chairman N Chandrasekaran announced that the company anticipates having as many artificial intelligence (AI) agents as its human workforce, currently half a million, while assuring that no staff downsizing is planned.

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Rediff.com3 Jun 2026

Haryana Police busted a fake international call centre in Panchkula, arresting 21 individuals for defrauding US citizens by posing as employees of a leading e-commerce company.

Operation Mule Hunt 2.0 Uncovers Massive Cyber Fraud Network

Operation Mule Hunt 2.0 Uncovers Massive Cyber Fraud Network

Rediff.com8 Jun 2026

Patan Police have busted a large-scale cyber fraud racket, arresting 14 individuals involved in illegal transactions worth Rs 398.43 crore through 13 'mule accounts'. The operation, dubbed "Operation Mule Hunt 2.0", uncovered a network linked to 228 inter-state cyber fraud complaints, where individuals were lured to open bank accounts used to channel proceeds of cyber crimes.

Khalistan Bomb Threats Rock Mumbai: CMO, Mayor's Office Targeted

Khalistan Bomb Threats Rock Mumbai: CMO, Mayor's Office Targeted

Rediff.com10 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) in Mumbai received emails allegedly from the "Khalistan National Army" warning of bomb blasts at multiple locations, including the Chief Minister's Office, Mayor's office, and the BSE building. Police have launched an investigation and stepped up security, while Mayor Ritu Tawde has vowed not to be intimidated.

Tension escalates as US shoots down two Iranian attack drones in Hormuz

Tension escalates as US shoots down two Iranian attack drones in Hormuz

Rediff.com7 Jun 2026

The United States military has intercepted and destroyed two Iranian attack drones that posed an immediate hazard to commercial shipping lanes in the Strait of Hormuz, according to an official statement by the US Central Command late Saturday.

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Rediff.com18 Jun 2026

Prime Minister Narendra Modi urged US President Donald Trump to prioritise the safety of Indian seafarers in the Strait of Hormuz during the implementation of Washington's proposed Iran peace deal, as both leaders focused on repairing strained bilateral relations at the G7 summit.

Delhi Police Arrest Man For Airport Metro Cable Theft

Delhi Police Arrest Man For Airport Metro Cable Theft

Rediff.com31 May 2026

Delhi Police have arrested a 29-year-old man for allegedly stealing copper cables and damaging security equipment along the Airport Express Metro Line near Buddha Jayanti Park.

Massive Brown Sugar Seizure In Mandsaur, Five Arrested

Massive Brown Sugar Seizure In Mandsaur, Five Arrested

Rediff.com31 May 2026

Police in Mandsaur, Madhya Pradesh, seized a large quantity of brown sugar and arrested five individuals involved in interstate drug trafficking.

Property Of Drug Peddler Attached In J&K's Doda

Property Of Drug Peddler Attached In J&K's Doda

Rediff.com23 May 2026

Police in Jammu and Kashmir's Doda district attached a property allegedly acquired through narcotics trafficking as part of the 'Nasha Mukt Jammu Kashmir Abhiyaan'. The property belonged to drug peddler Yasir Ahmed Shah and the action aims to dismantle financial networks linked to narco-trafficking.

LIC reports robust 23% jump in Q4 net profit to Rs 23,420 crore

LIC reports robust 23% jump in Q4 net profit to Rs 23,420 crore

Rediff.com21 May 2026

Life Insurance Corporation of India (LIC) announced a significant 23 per cent increase in its net profit for the March quarter, reaching Rs 23,420 crore, alongside a rise in total income and premium collections.

Global Firms Invest Rs 963 Crore In Paytm Parent Company

Global Firms Invest Rs 963 Crore In Paytm Parent Company

Rediff.com23 May 2026

Global financial institutions, including Goldman Sachs and Citigroup, have invested Rs 963 crore in One 97 Communications (Paytm's parent company) through open market transactions, acquiring a 1.34 per cent stake from SAIF Partners and Elevation Capital.

Jarange ends fast after talks with govt delegation

Jarange ends fast after talks with govt delegation

Rediff.com31 May 2026

Maratha quota activist Manoj Jarange has ended his indefinite fast after talks with Maharashtra government representatives, who submitted a 12-point proposal to him.

Delhi Gymkhana seeks alternate land amid takeover row

Delhi Gymkhana seeks alternate land amid takeover row

Rediff.com26 May 2026

Delhi Gymkhana Club members call takeover "illegal" and highlight heritage and social value.

Self-Styled Godman And Aide In Nashik Remanded To Custody

Self-Styled Godman And Aide In Nashik Remanded To Custody

Rediff.com18 May 2026

A self-styled godman, Ashok Kharat, and his aide, Namkarn Avare, have been remanded to 14-day judicial custody in Nashik following accusations of rape and alleged financial irregularities.

Can Srini Pallia Revive Wipro?

Can Srini Pallia Revive Wipro?

Rediff.com2 Jun 2026

'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'

Indian Youth Adopt Work AI Faster Than Global Peers

Indian Youth Adopt Work AI Faster Than Global Peers

Rediff.com21 May 2026

A Deloitte survey reveals that Indian Gen Z and millennial professionals are rapidly adopting AI tools in the workplace, surpassing their global counterparts in usage and confidence, while also facing financial pressures and shifting workplace expectations.

Selling Property? Tax Questions Answered

Selling Property? Tax Questions Answered

Rediff.com12 Jun 2026

rediffGURU Vipul Bhavsar answers readers' personal income tax queries

'Market Has Become Excessively Bearish On India'

'Market Has Become Excessively Bearish On India'

Rediff.com11 Jun 2026

'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'

Dev Seeks Assurance On Ghatal Master Plan From West Bengal CM

Dev Seeks Assurance On Ghatal Master Plan From West Bengal CM

Rediff.com9 Jun 2026

Trinamool Congress MP Deepak Adhikari, also known as Dev, has urged West Bengal Chief Minister Suvendu Adhikari to expedite the long-pending Ghatal Master Plan, a crucial flood-management project for his constituency. Dev received assurances that the project, aimed at mitigating annual floods in the low-lying Ghatal area, would be taken forward, with hopes for budget allocation by the BJP government.

Bengal sanctions prosecution of RG Kar ex-principal in graft case

Bengal sanctions prosecution of RG Kar ex-principal in graft case

Rediff.com19 May 2026

The West Bengal government has sanctioned the prosecution of Sandip Ghosh, former principal of R G Kar Medical College and Hospital, in connection with a case of financial irregularities. The decision follows a Calcutta High Court order and subsequent investigations by the CBI and Enforcement Directorate.

Gang that 'lured and sold' girls in Rajasthan for marriage busted with help of 150 CCTVs

Gang that 'lured and sold' girls in Rajasthan for marriage busted with help of 150 CCTVs

Rediff.com5 Jun 2026

Lucknow Police have dismantled an inter-state gang involved in luring minor girls under false pretences and 'selling' them for marriage in Rajasthan, leading to three arrests and the recovery of two victims.

Speaker Om Birla to decide fate of rebel TMC bloc as NCPI eyes major LS leap

Speaker Om Birla to decide fate of rebel TMC bloc as NCPI eyes major LS leap

Rediff.com17 Jun 2026

The Nationalist Citizens Party of India (NCPI) has named Jyotiprakash Chatterji as its new president, a development that follows the merger of a Trinamool Congress (TMC) rebel Lok Sabha faction with the party. This announcement by Kakoli Ghosh Dastidar, a key figure in the dissident camp, comes amidst speculation about the party's leadership after its founder stepped down. However, details about Chatterji and the party's internal workings remain unclear, with some existing members expressing unawareness of the change.

US navy hits sanctioned tanker off Oman, all 24 Indians safe

US navy hits sanctioned tanker off Oman, all 24 Indians safe

Rediff.com9 Jun 2026

An oil tanker carrying 24 Indian seafarers reported a fire off the coast of Oman, with all crew members confirmed safe. The incident occurred amidst renewed hostilities between Israel and Iran, who exchanged attacks on petrochemical facilities.

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Rediff.com27 May 2026

Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.

India Inc Battles Rising Gulf War Costs

India Inc Battles Rising Gulf War Costs

Rediff.com9 Jun 2026

Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.

Two Arrested In Delhi Revenge Killing Case

Two Arrested In Delhi Revenge Killing Case

Rediff.com27 May 2026

Delhi Police have arrested two men in connection with the revenge murder of a 22-year-old man in the Welcome area. The victim was shot dead earlier this month near Shyam Lal College. The accused confessed to their involvement, revealing the murder was retaliation for a previous killing.

Unitech Reports Rs 441 Crore Net Loss For March Quarter

Unitech Reports Rs 441 Crore Net Loss For March Quarter

Rediff.com28 May 2026

Realty firm Unitech Ltd reported a consolidated net loss of Rs 441 crore for the quarter ended March 2026, compared to a net loss of Rs 309.95 crore in the year-ago period. The company faces a cash crunch and delays in housing projects, affecting around 22,000 customers.

Will SpaceX IPO make Elon Musk the world's first trillionaire?

Will SpaceX IPO make Elon Musk the world's first trillionaire?

Rediff.com21 May 2026

Elon Musk, already the world's richest person, may soon become the first trillionaire as his space and AI company, SpaceX, prepares for a public listing. The IPO is expected to be the largest ever, surpassing Aramco's 2020 listing, but recent filings reveal a challenging financial picture for SpaceX.

Police to quiz former TMC minister Aroop Biswas in Messi event chaos

Police to quiz former TMC minister Aroop Biswas in Messi event chaos

Rediff.com7 Jun 2026

Former West Bengal sports minister Aroop Biswas has been summoned by police in connection with a case related to chaos at a Lionel Messi event at Salt Lake Stadium last year. The summons follows an FIR lodged by event organiser Shatadru Dutta, accusing Biswas of black-marketing tickets, extortion, and cheating.

Kerala Officer Arrested For Alleged Rs 3.57 Crore Women's Scheme Scam

Kerala Officer Arrested For Alleged Rs 3.57 Crore Women's Scheme Scam

Rediff.com8 Jun 2026

A former industries extension officer in Thiruvananthapuram has been arrested by the Vigilance and Anti-Corruption Bureau (VACB) for allegedly misappropriating Rs 3.57 crore from a self-employment scheme for women. The officer, Praveen Raj T R, is also implicated in two other similar cases involving significant amounts.

Kerala Minister Alleges CPI(M) Conspiracy In ED Attack

Kerala Minister Alleges CPI(M) Conspiracy In ED Attack

Rediff.com27 May 2026

Kerala Home Minister Ramesh Chennithala has condemned the violent attack on Enforcement Directorate (ED) officials' vehicles, alleging a CPI(M) conspiracy to disrupt law and order. He asserted that those involved will face stringent legal action, regardless of their status.

Supreme Court Urges Strict Enforcement Of PCPNDT Act To Combat Sex Selection

Supreme Court Urges Strict Enforcement Of PCPNDT Act To Combat Sex Selection

Rediff.com11 Jun 2026

The Supreme Court has called for strict enforcement of the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act to counter the deep-seated patriarchal preference for male children and prevalent sex-selection practices. The court highlighted declining child sex ratios and the continued need for efforts despite government welfare schemes, stressing that true equality is yet to be achieved. The observations were made while dismissing a doctor's appeal in a PCPNDT Act violation case.

BCCI eyes 94-match IPL, refuses to intervene in foreign player availability disputes

BCCI eyes 94-match IPL, refuses to intervene in foreign player availability disputes

Rediff.com13 Jun 2026

The BCCI has no plans to act as a bridge between overseas players and their respective teams over their availability for the IPL despite concerns being raised by franchises in the recently concluded edition.

US Vice Prez Vance rejects claims of $24 bn sweetener for Iran deal

US Vice Prez Vance rejects claims of $24 bn sweetener for Iran deal

Rediff.com13 Jun 2026

US Vice President JD Vance on Friday dismissed reports suggesting that Iran would receive financial incentives merely for signing the peace deal between Washington and Tehran aimed at ending the hostilities in West Asia, calling such claims "fake information".

Nashik Woman Kills Lover With Relative's Help

Nashik Woman Kills Lover With Relative's Help

Rediff.com27 May 2026

A 32-year-old married woman allegedly killed her 26-year-old lover in Nashik with the help of her relative following a financial dispute, police said.