News for 'Global Financial Services'

India's economy to grow above 7% in FY27 despite global slowdown risks: Assocham

India's economy to grow above 7% in FY27 despite global slowdown risks: Assocham

Rediff.com27 Mar 2026

India's economy is projected to maintain growth above 7 per cent in 2026-27 (FY27), supported by strong domestic consumption and investment, even as global growth faces risks from geopolitical tensions, according to industry body Assocham.

TCS To Modernise SKF's IT Infrastructure In Multi-Year Deal

TCS To Modernise SKF's IT Infrastructure In Multi-Year Deal

Rediff.com27 May 2026

TCS has secured a multi-year deal with Swedish bearings manufacturer SKF to modernise its IT infrastructure and leverage AI for industrial manufacturing.

L&T reports 3% decline in profit; revenue up 11%

L&T reports 3% decline in profit; revenue up 11%

Rediff.com6 May 2026

Infrastructure major Larsen & Toubro (L&T) reported a 3 per cent year-on-year decline in consolidated net profit for Q4 FY26, reaching 5,325.60 crore, primarily due to exceptional gains in the previous year. Despite this, the company's consolidated order book surged by 28 per cent to 7.4 trillion, with international orders accounting for 52 per cent.

Defence Stocks Soar on Geopolitical Tensions, Indigenisation Push

Defence Stocks Soar on Geopolitical Tensions, Indigenisation Push

Rediff.com14 May 2026

Indian defence stocks have seen an average year-on-year gain of 67 per cent, driven by renewed interest following 'Operation Sindoor' and a broader increase in global geopolitical tensions, with the combined market capitalisation of 18 firms increasing by approximately 2.3 trillion.

DII holdings in Nifty 500 hit record 20.9%, FPIs' slid to a new low in Q4

DII holdings in Nifty 500 hit record 20.9%, FPIs' slid to a new low in Q4

Rediff.com13 May 2026

Domestic Institutional Investors (DIIs) have significantly increased their holdings in Nifty 500 companies, reaching a record 20.9 per cent by the end of March, while Foreign Portfolio Investors (FPIs) reduced their ownership to an all-time low of 17.1 per cent, according to Motilal Oswal Financial Services.

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Rediff.com8 May 2026

'We are targeting a 2.5x to 3x increase in valuation by FY31.'

Forward Deployed Engineers In High Demand

Forward Deployed Engineers In High Demand

Rediff.com15 Jun 2026

In the first three quarters of 2025, FDE job demand jumped by nearly 800 per cent.

Want To Own Ultra-Exclusive Cars?

Want To Own Ultra-Exclusive Cars?

Rediff.com15 Jun 2026

'I own a few cars that I have had specified minutely to my taste, and it does feel nice to know that there are no other vehicles like them anywhere in the world.'

Markets to Track West Asia Situation, Crude Oil Prices This Week

Markets to Track West Asia Situation, Crude Oil Prices This Week

Rediff.com10 May 2026

Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.

Prudential to acquire 75% stake in Bharti Life Insurance for Rs 3,500 crore

Prudential to acquire 75% stake in Bharti Life Insurance for Rs 3,500 crore

Rediff.com18 May 2026

Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.

AI deals rising, but IT sector earnings lag

AI deals rising, but IT sector earnings lag

Rediff.com26 May 2026

Indian IT stocks have seen a significant decline of up to 33 per cent year-to-date in 2026, largely due to artificial intelligence (AI) disrupting traditional outsourcing models, leading analysts to predict a challenging FY27 for the sector despite some cushion from rupee depreciation.

Why Sea Chokepoints Have Become The New Battleground

Why Sea Chokepoints Have Become The New Battleground

Rediff.com2 Jun 2026

If Iran and Oman choose to charge a fee for rendering services to vessels using their territorial waters, so be it. The US is indulging in an irrationally self-destructive act, notes Ambassador M K Bhadrakumar.

India Inc Salary Hikes Hold Steady

India Inc Salary Hikes Hold Steady

Rediff.com7 Apr 2026

'Decisions on talent and rewards have shifted as employees and companies are operating in a buyer's market across most skill categories.'

Airline stocks fly into rough weather again

Airline stocks fly into rough weather again

Rediff.com19 Mar 2026

India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.

BMW has maxi plans for Mini Cooper, drive into Tier 2 markets

BMW has maxi plans for Mini Cooper, drive into Tier 2 markets

Rediff.com13 Jun 2026

The luxury carmaker plans to drive growth through local assembly of the MINI Countryman, expansion into 10 new cities and a broader product portfolio.

India's GDP expands 7.8% in Q4, full year growth hits 7.7%

India's GDP expands 7.8% in Q4, full year growth hits 7.7%

Rediff.com5 Jun 2026

India's economy registered a robust 7.7 per cent growth in the fiscal year 2025-26, an increase from 7.1 per cent in the previous year, with the January-March quarter alone seeing a 7.8 per cent expansion.

June Is A Cruel Month For Airlines, Airports

June Is A Cruel Month For Airlines, Airports

Rediff.com2 Jun 2026

Airlines are cutting not only international services but also domestic flights, especially on routes projected to remain unprofitable in the coming weeks due to weak demand and high fares.

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

Rediff.com5 Jun 2026

Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.

Infosys partners with Anthropic for AI solutions

Infosys partners with Anthropic for AI solutions

Rediff.com17 Feb 2026

Infosys on Tuesday announced a strategic collaboration with American artificial intelligence company Anthropic to develop and deploy advanced enterprise AI solutions for companies across telecommunications, financial services, manufacturing, and software development.

Why hospital stocks are thriving despite broader market dips

Why hospital stocks are thriving despite broader market dips

Rediff.com28 May 2026

Hospital stocks have emerged as a strong theme in 2026, outperforming benchmark indices due to robust earnings growth, improved occupancy, higher average revenue per occupied bed, and aggressive expansion plans by major chains.

C2i Semiconductors Achieves Milestone With AI Chip Design In India

C2i Semiconductors Achieves Milestone With AI Chip Design In India

Rediff.com28 May 2026

Semiconductor startup C2i Semiconductors announced it has taped out a smart power stage chip designed for artificial intelligence infrastructure, marking a significant milestone for India's ambitions in domestic semiconductor production.

Private Banks Face CEO Talent Crunch

Private Banks Face CEO Talent Crunch

Rediff.com30 Mar 2026

What is the reason behind this drying up of talent for the top post in private banks?

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

Rediff.com2 Feb 2026

'Global uncertainty is something which definitely occupies the minds of officials when we are preparing for the Budget.'

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Rediff.com23 May 2026

'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'

Oil Price Surge, FII Outflows Drag Indian Stock Markets Lower

Oil Price Surge, FII Outflows Drag Indian Stock Markets Lower

Rediff.com28 Apr 2026

Indian benchmark indices Sensex and Nifty experienced declines due to a sharp rally in crude oil prices, continuous foreign fund outflows, and geopolitical uncertainties. Regulatory developments in the banking sector, particularly the implementation of the Expected Credit Loss (ECL) framework, also contributed to the selling pressure.

Foreign investors dump Rs 88,180 cr in Mar; 2026 outflows cross Rs 1 lakh cr

Foreign investors dump Rs 88,180 cr in Mar; 2026 outflows cross Rs 1 lakh cr

Rediff.com22 Mar 2026

Foreign investors have withdrawn over Rs 88,000 crore from Indian equities this month, driven by geopolitical tensions, a weak rupee, and concerns about rising crude oil prices.

Stock Markets Today: Sensex, Nifty50 Open In Red Weighed By West Asia Crisis

Stock Markets Today: Sensex, Nifty50 Open In Red Weighed By West Asia Crisis

Rediff.com12 May 2026

Indian equity benchmark indices experienced a significant drop in early trade, with the BSE Sensex falling over 525 points and the NSE Nifty down more than 164 points, primarily due to rising crude oil prices and ongoing uncertainty surrounding the US-Iran conflict.

'FY27 Presents Clear Runway For Earnings Improvement'

'FY27 Presents Clear Runway For Earnings Improvement'

Rediff.com16 Apr 2026

'In investing, poor sentiment is always a good vintage to build a portfolio.'

Unsinkable Aircraft Carrier Vs Real Aircraft Carrier

Unsinkable Aircraft Carrier Vs Real Aircraft Carrier

Rediff.com19 Jun 2026

While the Andaman and Nicobar islands serve as a vital, stationary asset for projecting power in the Indian Ocean, referring to them as an unsinkable aircraft carrier ignores key military and geopolitical limitations, explains Commodore Venugopal Menon (retd).

Wipro's AI-Data Centre Solution to Boost Enterprise AI Adoption

Wipro's AI-Data Centre Solution to Boost Enterprise AI Adoption

Rediff.com20 Mar 2026

Wipro has launched its AI-Data Centre solution, integrating NVIDIA's AI Enterprise platform, to accelerate enterprise-scale AI adoption and modernise data centre environments.

Indian markets brace for volatility amid RBI policy, West Asia tensions

Indian markets brace for volatility amid RBI policy, West Asia tensions

Rediff.com5 Apr 2026

The Indian stock market is poised for a volatile week, influenced by the Reserve Bank of India's monetary policy decision, crucial global macroeconomic data, and the escalating geopolitical tensions in West Asia, according to market analysts.

Gold, silver rally to extend record run

Gold, silver rally to extend record run

Rediff.com14 Dec 2025

Gold and silver prices are poised to maintain their record-setting rally in the coming week as investors focus on global inflation data and key macroeconomic indicators that shape central bank policy paths, analysts said.

UPI Transactions Surge to Record Levels in March

UPI Transactions Surge to Record Levels in March

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, with 22.64 billion transactions, marking a significant increase from the previous year and highlighting the growing adoption of digital payments.

How AI Skills Can Give Indian Employees An Edge

How AI Skills Can Give Indian Employees An Edge

Rediff.com26 Apr 2026

Employees with artificial intelligence skills are likely to see better salary increments in the coming years, especially in technology, GCCs, and BFSI sectors, according to TeamLease Edtech.

Why AI Skills Are Crucial For Salary Hikes In India

Why AI Skills Are Crucial For Salary Hikes In India

Rediff.com26 Apr 2026

Employees with artificial intelligence skills are likely to see better salary increments in the coming years, especially in technology, GCCs, and BFSI sectors, according to TeamLease Edtech.

New ITR Rules Taxpayers Must Know About

New ITR Rules Taxpayers Must Know About

Rediff.com2 Jun 2026

"Taxpayers with income from shares, mutual funds, crypto, ESOPs, or derivatives often incorrectly use ITR-1 instead of ITR-2 or ITR-3."

Nottingham Trent University Scholarship: 25-50% Fee Waiver For First Year

Nottingham Trent University Scholarship: 25-50% Fee Waiver For First Year

Rediff.com19 May 2026

Nottingham Trent University is offering partially funded study opportunities at its UK campuses to global undergraduate and postgraduate students.

Market Meltdown: Investors' Wealth Plunges by Rs 16.77 Lakh Crore in Four Sessions

Market Meltdown: Investors' Wealth Plunges by Rs 16.77 Lakh Crore in Four Sessions

Rediff.com12 May 2026

Indian investors have seen their wealth erode by a staggering Rs 16.77 lakh crore over four trading sessions, as the markets faced deep losses driven by elevated crude oil prices, geopolitical tensions, persistent foreign fund outflows, and a record-low rupee.

RBI likely to maintain repo rate at 5.25% through FY27, says India Ratings

RBI likely to maintain repo rate at 5.25% through FY27, says India Ratings

Rediff.com20 May 2026

India Ratings and Research predicts the Reserve Bank of India (RBI) will maintain the repo rate at 5.25 per cent throughout FY27, despite potential inflationary pressures from higher fuel prices, with inflation expected to remain within the central bank's tolerance band.

UPI Transactions Surge to Record High: Understanding the Growth Factors

UPI Transactions Surge to Record High: Understanding the Growth Factors

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.