News for 'First in Economics'

Volatile trading session on RBI's big day, Sensex holds steady with 152-point gain

Volatile trading session on RBI's big day, Sensex holds steady with 152-point gain

Rediff.com5 Aug 2026

The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.

'FY27 Should Be A Recovery Year For India'

'FY27 Should Be A Recovery Year For India'

Rediff.com19 Aug 2026

'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'

'Young People Feel Uncertainty Because Of The Huge Disruption In The Job Market'

'Young People Feel Uncertainty Because Of The Huge Disruption In The Job Market'

Rediff.com18 Aug 2026

'It could be in IT, it could be in administration, it could be in legal, it could be in technical services, but entry level jobs are rapidly disappearing because AI is taking them over.' 'So, the big question what would happen if the bottom rung of the ladder is removed?'

India invokes Gen Z in statement condemning PoK elections

India invokes Gen Z in statement condemning PoK elections

Rediff.com28 Jul 2026

India has strongly criticised the local body elections in Pakistan-Occupied-Kashmir (PoK), labelling them as a facade to conceal Pakistan's illegal occupation and severe human rights violations in the region. External Affairs Ministry spokesperson Randhir Jaiswal reiterated India's stance that all of Jammu and Kashmir, and Ladakh, including PoK, are integral parts of India. He also dismissed Pakistan's claims to a shared cultural legacy, citing its history of promoting terrorism and fundamentalism.

'Eknath Shinde Was Extremely Aggressive'

'Eknath Shinde Was Extremely Aggressive'

Rediff.com20 Aug 2026

'I've seen a lot of meetings over the years, but this was the first time I've seen the deputy chief minister and the industries minister sit through something like this with 200 to 300 industrialists, local residents and politicians from both the ruling side and Opposition, all in the same room.'

'Creamy layer' not applicable to SC/ST reservations, govt tells SC

'Creamy layer' not applicable to SC/ST reservations, govt tells SC

Rediff.com7 Aug 2026

The Centre has informed the Supreme Court that the 'creamy layer' principle, which excludes affluent individuals from reservation benefits, does not apply to Scheduled Castes (SCs) and Scheduled Tribes (STs). This stance opposes Public Interest Litigations (PILs) seeking to implement such a principle for SC/ST reservations and to direct the government to formulate policies for more equitable distribution of reservation benefits.

'Economically, nobody is winning this war'

'Economically, nobody is winning this war'

Rediff.com30 Apr 2026

'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'

Former CEO of Ethiopian Airlines Tewolde Gebremariam is new Air India boss

Former CEO of Ethiopian Airlines Tewolde Gebremariam is new Air India boss

Rediff.com6 Aug 2026

Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.

How China Shielded Itself From Oil Shock

How China Shielded Itself From Oil Shock

Rediff.com17 Aug 2026

China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.

AI could erode India's outsourcing advantage, warns WB report

AI could erode India's outsourcing advantage, warns WB report

Rediff.com5 Aug 2026

Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.

How Tata Steel Tackled Challenges Under Chandra

How Tata Steel Tackled Challenges Under Chandra

Rediff.com13 Aug 2026

Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations.

'Next 20 Years Are Very Critical For India'

'Next 20 Years Are Very Critical For India'

Rediff.com18 Aug 2026

'... to see that young people are gainfully employed. After that, it will become very difficult as we will start ageing much more rapidly.' 'We have a huge proportion of Gen Z. After 2030, every year, we will start seeing a gradual shift towards a slightly older society.'

Andy Burnham takes charge as UK PM, promises 'circuit breaker' for Britain

Andy Burnham takes charge as UK PM, promises 'circuit breaker' for Britain

Rediff.com20 Jul 2026

Andy Burnham has officially taken office as the new UK Prime Minister, pledging to make politics more about problem-solving and usher in a 'circuit breaker' moment for the country with significant political and economic changes.

Kotak Kanya Scholarship 2026: Girls Can Get Up to Rs 1.5 Lakh

Kotak Kanya Scholarship 2026: Girls Can Get Up to Rs 1.5 Lakh

Rediff.com29 Jul 2026

Selected students will receive Rs 1.5 lakh per year to cover academic expenses such as tuition fees, hostel charges, books, stationery, laptops, internet and transportation.

India-China border trade via Lipulekh to start from Aug 1

India-China border trade via Lipulekh to start from Aug 1

Rediff.com29 Jul 2026

India-China border trade via Uttarakhand's Lipulekh Pass is set to resume on August 1 after a gap of more than six years, with the neighbouring country granting permission to 20 Indian traders to visit Purang (Taklakot), according to officials.

Air India picks leader who quadrupled Ethiopian Airlines' revenue

Air India picks leader who quadrupled Ethiopian Airlines' revenue

Rediff.com6 Aug 2026

Tewolde Gebremariam, a seasoned aviation professional with extensive experience at Ethiopian Airlines, has been named the new Chief Executive Officer and Managing Director of Air India. He is tasked with leading the airline's ambitious five-year transformation plan, Vihaan.AI, aimed at achieving significant growth and profitability, marking him as the second foreign national to helm Air India under Tata Group ownership.

Maruti, VinFast, Tesla Drive Expansion in India's EV Market

Maruti, VinFast, Tesla Drive Expansion in India's EV Market

Rediff.com3 Aug 2026

New players like Maruti Suzuki, VinFast, and Tesla are significantly expanding India's electric passenger vehicle (e-PV) market, capturing an 8.1 per cent share and contributing 18 per cent of incremental registrations in the first half of 2026, according to Fada Research data.

Trump's New Tariffs Face Legal Heat

Trump's New Tariffs Face Legal Heat

Rediff.com31 Jul 2026

'Tariff action relating to the excess-capacity investigation will be even more susceptible to judicial overturn.'

PoK elections turn deadly, JAAC alleges 14 activists killed

PoK elections turn deadly, JAAC alleges 14 activists killed

Rediff.com28 Jul 2026

Clashes erupted during the first phase of legislative assembly elections in Pakistan-occupied Kashmir (PoK), with the banned Joint Awami Action Committee (JAAC) claiming 14 deaths, a figure disputed by law enforcement. India condemned the elections as an attempt by Pakistan to legitimise its illegal occupation and human rights abuses in the region, while ongoing JAAC protests highlight deep-seated grievances.

From Maoist Camps To The Fashion Ramp

From Maoist Camps To The Fashion Ramp

Rediff.com13 Aug 2026

From guns to handlooms. From forest trails to a public runway. Women who had once been associated with that conflict walked into the spotlight wearing Bastar's traditional textiles.

Should polygamy be declared unconstitutional?: SC asks govt

Should polygamy be declared unconstitutional?: SC asks govt

Rediff.com31 Jul 2026

The Supreme Court has sought the Centre's response on a petition challenging the constitutional validity of polygamy among Muslims, arguing it violates fundamental rights and creates legal asymmetry by exempting Muslim men from bigamy laws applicable to other citizens.

India Will Become A Leader In Applied AI: Nilekani

India Will Become A Leader In Applied AI: Nilekani

Rediff.com7 Aug 2026

'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'

TN House demands 543-seat LS formula, 33% women quota from 2029

TN House demands 543-seat LS formula, 33% women quota from 2029

Rediff.com12 Aug 2026

The Tamil Nadu Assembly has adopted a resolution, moved by Chief Minister C Joseph Vijay, urging the Union government to permanently fix the Lok Sabha strength at 543 and implement 33 per cent women's reservation by 2029. The resolution also opposes delimitation that could disadvantage states successful in population control.

Dinesh Trivedi's Dhaka Challenge Has Begun

Dinesh Trivedi's Dhaka Challenge Has Begun

Rediff.com8 Aug 2026

Dinesh Trivedi's success or failure in this fragile diplomatic equilibrium will have consequences extending well beyond the Indian high commission in Dhaka. It will shape India's eastern strategic environment for years to come.

When The 'Jackfruit King' Met PM Modi

When The 'Jackfruit King' Met PM Modi

Rediff.com12 Aug 2026

'He wanted to know what products I'd brought along, so I showed him jackfruit flour, which research has linked to managing type 2 diabetes.' 'Then jackfruit seed flour, a strong source of protein that rural households have eaten for generations without it ever becoming a commercial product. I gave him ripe jackfruit chips too.'

How To Get A Rs 14 LPA Package After Engineering

How To Get A Rs 14 LPA Package After Engineering

Rediff.com10 Aug 2026

'There is no college that can guarantee a Rs 14 lakh per annum (LPA) package,' clarifies rediffGURU Chocko Valliappa.

19 ministers join Shivakumar cabinet, MLA quits over exclusion

19 ministers join Shivakumar cabinet, MLA quits over exclusion

Rediff.com3 Aug 2026

Karnataka's two-month-old government saw its first cabinet expansion with 19 MLAs sworn in as ministers, leading to immediate discontent and the resignation of one Congress legislator over his exclusion.

Our endeavour is to bring inflation in line with target over the medium term

"Our endeavour is to bring inflation in line with target over the medium term"

Rediff.com6 Aug 2026

"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Rediff.com21 Jul 2026

A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.

Ashwin: 'Test cricketers should earn their place through first-class cricket'

Ashwin: 'Test cricketers should earn their place through first-class cricket'

Rediff.com5 Jun 2026

Ravichandran Ashwin has called for urgent measures to safeguard Test cricket, stressing the importance of first-class cricket as the pathway to the longest format and warning that young players need stronger incentives to pursue red-ball careers.

7 states account for 85% of India's installed solar capacity

7 states account for 85% of India's installed solar capacity

Rediff.com30 Jul 2026

Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.

Why Pakistan's Hangors Submarines Face India's ASW Shield

Why Pakistan's Hangors Submarines Face India's ASW Shield

Rediff.com10 Aug 2026

Hangors are effectively 'dead-on-arrival' with Pakistanis saddled with deadweights that displace around 3,000 tons. Last time it was near Vishakhapatnam. This time, barnacles will clog the Hangors in Karachi port itself, points out Dr Abhishek Puri.

Playing The Victim Card Won't Work On Gen Z

Playing The Victim Card Won't Work On Gen Z

Rediff.com3 Aug 2026

Every day, the older men running our politics keep pushing Gen Z voters further away, observes Binu Alex.

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

Rediff.com4 Aug 2026

As many as 274 fugitives have been repatriated from 36 countries in the last 7 years, an average of around 40 per year and a 10-fold jump from the 2004-13 period when around four fugitives were brought back every year, the government said on Tuesday.

Why Start-up Employees May Retire Poor

Why Start-up Employees May Retire Poor

Rediff.com4 Aug 2026

An employee whose financial future is 60-80 per cent dependent on a single company's growth trajectory has no genuine safety net.

Modi-Takaichi Summit Opens New India-Japan Chapter

Modi-Takaichi Summit Opens New India-Japan Chapter

Rediff.com7 Jul 2026

Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.

Market Crash: 7 Costly Mistakes to Avoid

Market Crash: 7 Costly Mistakes to Avoid

Rediff.com13 Aug 2026

Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Rediff.com3 Aug 2026

Several Indian real estate companies, including BPTP Ltd and Smartworld Developers, are rethinking or shelving their initial public offering (IPO) plans, which were expected to raise around 15,000 crore, due to weaker housing demand, higher costs, and a more cautious investment climate.

Will Sheikh Hasina Be Killed If She Returns To Dhaka?

Will Sheikh Hasina Be Killed If She Returns To Dhaka?

Rediff.com8 Aug 2026

'They probably imagine any hue and cry in the event Sheikh Hasina is hanged will be shortlived as it happened when Bhutto was hanged in Pakistan in 1979.'

Mahindra & Mahindra's Q1 Profit Jumps 34% to Rs 5,455 Crore

Mahindra & Mahindra's Q1 Profit Jumps 34% to Rs 5,455 Crore

Rediff.com30 Jul 2026

Mahindra & Mahindra (M&M) Ltd reported a significant 34 per cent year-on-year increase in Profit After Tax (PAT) to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments despite challenging macro-economic conditions.