News for 'Global Financial Services'

Global turnover penalty on Apple could cost $38bn

Global turnover penalty on Apple could cost $38bn

Rediff.com27 Nov 2025

iPhone maker tells Delhi HC the antitrust watchdog has no jurisdiction to consider its global turnover.

Old vs New Tax Regime: Higher Allowances, HRA Changes Warrant Review

Old vs New Tax Regime: Higher Allowances, HRA Changes Warrant Review

Rediff.com30 Apr 2026

Recent changes to tax exemptions and allowances, including increased education, hostel, and HRA limits, have made the old tax regime more competitive against the new regime, prompting salaried employees to re-evaluate their choice for the current financial year.

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Rediff.com1 Mar 2026

Analysts predict a surge in gold and silver prices as investors seek safe-haven assets due to escalating tensions in the Middle East. The impact on domestic prices will depend on the conflict's duration, with geopolitical factors and macroeconomic data also playing a role.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

Wipro Q4 profit falls 1.8% to Rs 3,502 crore

Wipro Q4 profit falls 1.8% to Rs 3,502 crore

Rediff.com16 Apr 2026

IT major Wipro reported a consolidated net profit of Rs 3,501.8 crore for March quarter FY26, a 1.89 per cent decrease from the previous year, amidst a challenging macroeconomic environment. The company also announced a mega Rs 15,000 crore share repurchase programme.

CAE Inaugurates Advanced Pilot Training Centre in Mumbai

CAE Inaugurates Advanced Pilot Training Centre in Mumbai

Rediff.com15 Apr 2026

CAE Simulation Training has launched a new pilot training facility in Mumbai, its fourth in India, to address the increasing demand for skilled pilots in the rapidly growing domestic aviation market.

Tiger Global Verdict: SC rewrites rules of cross-border taxation

Tiger Global Verdict: SC rewrites rules of cross-border taxation

Rediff.com29 Jan 2026

The SC has gone a step further to state that even if one were to not apply the codified GAAR provisions, the judicial GAAR would continue to apply, point out Pranav Sayta and Bhargav Selarka.

Gulf War: Stocks That Tanked The Most

Gulf War: Stocks That Tanked The Most

Rediff.com14 Apr 2026

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.

Gold may rise towards $4,500 an ounce as Asia drives demand

Gold may rise towards $4,500 an ounce as Asia drives demand

Rediff.com17 Oct 2025

Gold's glittering rally is expected to continue, with prices likely to climb towards $4,500 per ounce in overseas markets, supported by sustained global central bank purchases, persistent geopolitical tensions, and strong Asian demand, according to a report by Motilal Oswal Financial Services Ltd. Silver, which has outperformed gold in terms of returns so far this year, is projected to climb to around $75 per ounce, aided by robust industrial consumption and a widening supply deficit, the report said.

Global headwinds likely to show in IT firms' Q2 results

Global headwinds likely to show in IT firms' Q2 results

Rediff.com8 Oct 2025

Indian information-technology (IT) service providers are likely to report another quarter (July-September) of low, single-digit growth owing to macro uncertainties, chiefly emanating from America, with no respite in sight even in the second half of the year.

FPIs Pull Out Record 1.04 Trillion In March

FPIs Pull Out Record 1.04 Trillion In March

Rediff.com24 Mar 2026

Domestic institutional investors, on the other hand, made a net investment of Rs 1.13 trillion during this period.

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

Rediff.com20 Feb 2026

Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.

'Oil Is Not The Problem. The Bigger Problem Is Gold'

'Oil Is Not The Problem. The Bigger Problem Is Gold'

Rediff.com18 May 2026

'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'

TCS announces annual salary hikes, prioritises AI skills

TCS announces annual salary hikes, prioritises AI skills

Rediff.com10 Apr 2026

Tata Consultancy Services (TCS) has announced annual salary hikes effective April 1, with top performers receiving double-digit increases, while also renewing its multi-year strategic partnership with UK retailer Marks & Spencer (M&S) to support its omnichannel and data-driven transformation with AI.

TCS Makes 25,000 Fresher Offers

TCS Makes 25,000 Fresher Offers

Rediff.com21 Apr 2026

These offers provide some relief to engineering students impacted by the uptake in artificial intelligence (AI) tools.

No cash, crypto payments to Iran for Hormuz passage: India

No cash, crypto payments to Iran for Hormuz passage: India

Rediff.com22 Apr 2026

India has denied making any payments to Iran to secure safe passage for its vessels through the Strait of Hormuz, following reports that Indian vessels were fired upon in the region.

'Dhurandhar Is Not A Ranveer Singh Film'

'Dhurandhar Is Not A Ranveer Singh Film'

Rediff.com2 Apr 2026

The monumental box office success of the Dhurandhar franchise has been attributed to Director Aditya Dhar's creative vision, rather than lead star Ranveer Singh's appeal.

Gautam Adani: Energy Security, Digital Infrastructure Key To Geopolitics

Gautam Adani: Energy Security, Digital Infrastructure Key To Geopolitics

Rediff.com11 May 2026

Gautam Adani emphasised the importance of energy security and digital infrastructure in shaping geopolitical power, urging India to develop sovereign capabilities across the AI value chain.

HCLTech Q4 net profit up 4.2% to Rs 4,488 crore, FY27 growth seen at 1-4%

HCLTech Q4 net profit up 4.2% to Rs 4,488 crore, FY27 growth seen at 1-4%

Rediff.com21 Apr 2026

IT major HCLTech reported a 4.20 per cent year-on-year rise in consolidated net profit to Rs 4,488 crore for the January-March quarter of FY26, but projected a modest 1-4 per cent revenue growth for FY27, citing market volatility and reduced discretionary spending.

Sensex tumbles 931 points, Nifty plunges to 23,775 amid fading confidence on ceasefire

Sensex tumbles 931 points, Nifty plunges to 23,775 amid fading confidence on ceasefire

Rediff.com9 Apr 2026

Indian equity benchmarks, Sensex and Nifty, ended lower after a spectacular rally, with the Sensex tumbling 931 points, as renewed tensions in West Asia, particularly the risk to the ceasefire deal after Iran closed the Strait of Hormuz, dampened investor optimism.

Stock Market Today: Sensex, Nifty50 Surge as US-Iran Tensions Ease

Stock Market Today: Sensex, Nifty50 Surge as US-Iran Tensions Ease

Rediff.com1 Apr 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.

FPI Inflow Hits 17-month High at Rs 22,615 cr In Feb

FPI Inflow Hits 17-month High at Rs 22,615 cr In Feb

Rediff.com1 Mar 2026

Foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities in February, marking the highest monthly inflow in 17 months, driven by factors such as the interim India-US trade deal, correction in domestic market valuations, and strong corporate earnings.

Two CAs Arrested in Cyber Fraud Money Laundering Case

Two CAs Arrested in Cyber Fraud Money Laundering Case

Rediff.com5 Mar 2026

Two chartered accountants have been arrested by the Enforcement Directorate in connection with a money laundering case linked to a cyber fraud involving Rs 641 crore.

Cognizant Reports Strong Q4 Growth, Fueled by AI and Large Deals

Cognizant Reports Strong Q4 Growth, Fueled by AI and Large Deals

Rediff.com5 Feb 2026

Cognizant reported a significant increase in net income for the December quarter, driven by AI efficiencies and strong performance in the financial services sector. The company also announced a major deal and provided guidance for the upcoming year.

Even If US, Iran Signed Deal Today, Hormuz Strait Won't...

Even If US, Iran Signed Deal Today, Hormuz Strait Won't...

Rediff.com23 Apr 2026

...reopen for up to six months. Until then, the Strait stays nearly closed. The world pays. And no one, including the man who started this, can say when it ends, notes Prem Panicker in his must read blog on the Iran War.

Iranian supertanker bypasses US Navy blockade

Iranian supertanker bypasses US Navy blockade

Rediff.com3 May 2026

An Iranian tanker successfully bypassed the US Navy to deliver crude oil to the Asia-Pacific region, despite ongoing tensions and a US blockade.

IFSCA relaxes norms for fund management bodies in GIFT City

IFSCA relaxes norms for fund management bodies in GIFT City

Rediff.com24 Dec 2025

The International Financial Services Centres Authority (IFSCA) has cleared a series of regulatory relaxations to ease operations for fund managers in GIFT City, along with a revamped framework for global in-house centres (GICs) and capital market intermediaries.

US Tariff Uncertainty Pauses Trade Talks

US Tariff Uncertainty Pauses Trade Talks

Rediff.com23 Feb 2026

'The contours of the trade deal need to be reworked now.'

Sensex up 174 points on gains in bank, IT stocks

Sensex up 174 points on gains in bank, IT stocks

Rediff.com17 Feb 2026

Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.

Petrol Prices Stay Put For Now

Petrol Prices Stay Put For Now

Rediff.com10 Mar 2026

If the conflict continues for a prolonged period, State-run oil companies may have to review retail fuel prices accordingly.

Gulf War: How To Manage Investments, Household Budget

Gulf War: How To Manage Investments, Household Budget

Rediff.com17 Mar 2026

Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'

Strong demand drivers likely to cushion TaMo

Strong demand drivers likely to cushion TaMo

Rediff.com31 Jan 2026

A pickup in freight rates, rising fleet utilisation and a long-awaited replacement cycle are breathing fresh life into India's commercial vehicle (CV) market, strengthening the investment case for Tata Motors' CV arm (TMCV). Despite a broadly steady December quarter (Q3) performance, brokerages remain divided on whether the upswing is strong enough to offset margin pressures.

AI-Driven Productivity Gains Reshape Tech Hiring and Cause Job Insecurity

AI-Driven Productivity Gains Reshape Tech Hiring and Cause Job Insecurity

Rediff.com6 Apr 2026

TeamLease Digital CEO Neeti Sharma discusses how AI is driving a structural reset in the tech industry, leading to layoffs, reshaping hiring practices, and increasing job insecurity.

Kaspersky Eyes India as Regional Hub Amid Cybersecurity Threat Surge

Kaspersky Eyes India as Regional Hub Amid Cybersecurity Threat Surge

Rediff.com17 Mar 2026

Global cybersecurity firm Kaspersky plans to significantly increase its investments in India, leveraging the country as a hub for regional services due to strong financial performance and the escalating threat landscape.

Infosys opens development centre in Gift City with 1,000-employee capacity

Infosys opens development centre in Gift City with 1,000-employee capacity

Rediff.com8 Jun 2025

Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to develop solutions for global Banking, Financial Services, and Insurance (BFSI) clients.

ITC stock downgraded after excise duty hike

ITC stock downgraded after excise duty hike

Rediff.com3 Jan 2026

Analysts have sharply reduced cigarette maker ITC's earning estimates for the next two years, fearing a significant dent in the company's profitability and margins. This is owing to a steep hike in excise duty on tobacco by the government.

India's Defence Sector Set for 'Super Cycle' Driven by Geopolitics, Indigenous Push

India's Defence Sector Set for 'Super Cycle' Driven by Geopolitics, Indigenous Push

Rediff.com10 Apr 2026

India's defence sector is on the cusp of a 'super cycle' of growth, driven by escalating geopolitical conflicts and a strong policy push towards indigenous manufacturing, with major players like BEL, HAL, and BDL poised for significant order inflows and technological advancements.

Second-round effects of supply shocks a real concern, says RBI governor

Second-round effects of supply shocks a real concern, says RBI governor

Rediff.com21 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.

ISRO planning 7 more launches this financial year

ISRO planning 7 more launches this financial year

Rediff.com16 Nov 2025

Indian Space Research Organisation is gearing up for one of its busiest times with seven more launches planned this financial year, even as India's first human spaceflight remains scheduled for 2027, its chairman V Narayanan said.

Investors cheer merger of Ambuja, ACC, Orient

Investors cheer merger of Ambuja, ACC, Orient

Rediff.com24 Dec 2025

Investors have put money in Ambuja Cements shares as the cement major has moved to consolidate its operations. The Adani Group company has proposed to merge its subsidiaries ACC and Orient Cement into the parent entity.