News for 'IT companies'

Maruti Suzuki's Q1 net profit falls 9% despite sales jump, as West Asia conflict drives up costs

Maruti Suzuki's Q1 net profit falls 9% despite sales jump, as West Asia conflict drives up costs

Rediff.com1 Aug 2026

Maruti Suzuki India (MSIL) reported a 9.1 per cent year-on-year decline in net profit for the April-June quarter of 2026-27, marking its second consecutive quarterly fall. This dip occurred despite a significant 29.3 per cent jump in sales volume, primarily due to escalating commodity prices, increased energy costs, and logistics disruptions stemming from the West Asia conflict.

Padikkal's maiden ton puts India in control on Day 1 vs Sri Lanka

Padikkal's maiden ton puts India in control on Day 1 vs Sri Lanka

Rediff.com3 days ago

Devdutt Padikkal's maiden Test century put India firmly in control on the opening day of the first Test against Sri Lanka, with the visitors reaching 288/2 at stumps.

Govt to grill Meta on Modi's post restriction, child exploitation on Insta

Govt to grill Meta on Modi's post restriction, child exploitation on Insta

Rediff.com4 Aug 2026

India's IT Secretary S Krishnan announced an upcoming meeting with Meta's global team to address critical issues including lapses in tackling Child Sexual Abuse Material (CSAM), the temporary restriction of PM Modi's Facebook post, and concerns over synthetically generated information. The government expects Meta, as a leading tech company, to have robust systems to manage these challenges effectively.

Ambanis Worth Rs 25.8 Trillion!

Ambanis Worth Rs 25.8 Trillion!

Rediff.com6 days ago

India's 10 most valuable families had a combined valuation of Rs 70.5 trillion.

Delhi Court Remands Man In D-Company, ISI Nexus Probe

Delhi Court Remands Man In D-Company, ISI Nexus Probe

Rediff.com4 Jun 2026

A Delhi court has remanded Huzaifa Farooque Ahmed Hashmi to five days' police custody following his arrest by the Delhi Police Special Cell and Maharashtra ATS. He is accused of having links with a D-Company operative and Pakistan's ISI, with investigators presenting evidence of his contact with a Pakistan-based operative. The case is part of a broader probe into the alleged Mumbai underworld-Pakistan ISI nexus.

Coal India, ArcelorMittal Nippon Steel Ink MoU For Odisha Gasification Plant

Coal India, ArcelorMittal Nippon Steel Ink MoU For Odisha Gasification Plant

Rediff.com6 days ago

State-owned Coal India Ltd (CIL) and ArcelorMittal Nippon Steel India (AMNS) have signed an MoU to explore setting up a coal gasification plant near AMNS's Paradip pellet plant in Odisha. This initiative aims to produce synthesis gas for cleaner steel production, reduce reliance on imported fuels, and align with India's goal of gasifying 100 million tonnes of coal by 2030, supported by a Rs 37,500-crore government incentive scheme.

JCB Hydromax sets world land speed record for hydrogen-powered vehicle

JCB Hydromax sets world land speed record for hydrogen-powered vehicle

Rediff.com6 days ago

Former fighter pilot Andy Green has set a new world land speed record for a hydrogen-powered car at the Bonneville Salt Flats in Utah, achieving a combined speed of 406.320 mph (653.909 kph) in the JCB Hydromax.

New deadline set as AIFF tries to save Jamshedpur FC

New deadline set as AIFF tries to save Jamshedpur FC

Rediff.com6 Aug 2026

The All India Football Federation has extended the deadline for Jamshedpur FC to reconsider its decision to withdraw from the Indian Super League until August 12. This move comes as the AIFF reviews preparations for the upcoming ISL season, while Jamshedpur FC maintains its exit is a strategic decision focused on grassroots development, unrelated to the league's commercial future.

Bajaj Finance's Strong Q1 FY27 Performance Driven by AUM Growth, Digital Initiatives

Bajaj Finance's Strong Q1 FY27 Performance Driven by AUM Growth, Digital Initiatives

Rediff.com9 Aug 2026

Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.

Microsoft Boosts India's Digital Infrastructure With Fourth Cloud Region

Microsoft Boosts India's Digital Infrastructure With Fourth Cloud Region

Rediff.com6 Aug 2026

Microsoft has launched its fourth cloud region in India, located in Hyderabad, significantly expanding its hyperscale cloud presence. This move is part of a USD 20.5-billion investment in India's digital and AI infrastructure, aiming to support the country's rapid digital growth and meet increasing demand from major enterprises.

Domestic travel momentum drives Indian Hotels' robust Q1 performance

Domestic travel momentum drives Indian Hotels' robust Q1 performance

Rediff.com30 Jul 2026

Indian Hotels Company (IHCL) reported a healthy 14.6 per cent consolidated revenue growth in Q1 FY27, largely driven by a robust 17.6 per cent increase in domestic operations, offsetting geopolitical disruptions. Brokerages anticipate sustained growth, with Motilal Oswal Research projecting 12-14 per cent growth in FY27, supported by strong leisure demand and an asset-light expansion pipeline.

Where the 1857 mutiny left its mark on the road to independence

Where the 1857 mutiny left its mark on the road to independence

Rediff.com4 days ago

Delhi's Ridge, encompassing areas like Kamla Nehru Ridge, played a pivotal strategic role during the 1857 Revolt against British rule, with sites like the Flagstaff Tower, Hindu Rao's house, and Pir Ghaib serving as crucial military positions and silent witnesses to the intense fighting.

Cigarette tax hike impacts ITC's Q1 net profit, down 16.2%

Cigarette tax hike impacts ITC's Q1 net profit, down 16.2%

Rediff.com1 Aug 2026

ITC reported a 16.2 per cent year-on-year drop in consolidated net profit to 4,394.13 crore in Q1 FY27, primarily due to a significant increase in taxes on its cigarette business. Consolidated net revenues also declined by 11.1 per cent to 19,114 crore, missing analyst estimates.

Nvidia CEO Jensen Huang Calls Marvell A 'Trillion-Dollar Company'

Nvidia CEO Jensen Huang Calls Marvell A 'Trillion-Dollar Company'

Rediff.com3 Jun 2026

Nvidia CEO Jensen Huang has publicly endorsed Marvell Technology as a potential 'trillion-dollar company,' citing its crucial role in developing advanced connectivity solutions for next-generation artificial intelligence infrastructure. This endorsement, made at Computex 2026, follows a significant Nvidia investment in Marvell and highlights the industry's shift towards optical interconnects to meet the demands of large-scale AI systems.

Microsoft's Hyderabad Data Centre Goes Live, Bolstering India's AI Ambitions

Microsoft's Hyderabad Data Centre Goes Live, Bolstering India's AI Ambitions

Rediff.com7 Aug 2026

Microsoft has announced the activation of its latest data centre in Hyderabad, significantly expanding its Cloud infrastructure in India and enabling organisations to leverage AI-era services with enhanced local choice and security.

'Worst Phase For Equities Appears To Be Behind Us'

'Worst Phase For Equities Appears To Be Behind Us'

Rediff.com7 Aug 2026

'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'

Detective Tanya Puri Joins The Traitors 2

Detective Tanya Puri Joins The Traitors 2

Rediff.com10 Aug 2026

Tanya Puri, India's youngest female private investigator, brings her real-life detective skills to Season 2 of The Traitors.

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.

When The 'Jackfruit King' Met PM Modi

When The 'Jackfruit King' Met PM Modi

Rediff.com6 days ago

'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.'

Is AI Rejecting Your CV? 9 Mistakes To Avoid

Is AI Rejecting Your CV? 9 Mistakes To Avoid

Rediff.com5 days ago

Highly capable professionals frequently lose out to candidates with similar qualifications simply because their applications are better structured, more relevant, and easier for both AI and recruiters to interpret, says Chetan Mangalwedhe, founder of TalentiFi-X.

What Makes Crypto Rise Or Fall?

What Makes Crypto Rise Or Fall?

Rediff.com4 days ago

Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.

Maharashtra: Ayurvedic drug makers under FDA radar

Maharashtra: Ayurvedic drug makers under FDA radar

Rediff.com7 days ago

The Maharashtra Food and Drug Administration (FDA) has cancelled the licences of 10 Ayurvedic drug manufacturing units and issued show-cause notices to 135 others following inspections that revealed serious violations including unhygienic conditions, lack of technical staff, and inadequate testing protocols.

Did Trump, Hegseth clash over weapons shortage? US Prez reacts

Did Trump, Hegseth clash over weapons shortage? US Prez reacts

Rediff.com7 Aug 2026

Donald Trump has strongly refuted claims of a munitions shortage and denied any confrontation with Defence Secretary Pete Hegseth, labelling the reports as "fake news" and asserting the nation's robust military production capabilities.

Another aircraft mishap at Baramati airstrip raises safety questions

Another aircraft mishap at Baramati airstrip raises safety questions

Rediff.com9 Aug 2026

On January 28 this year, a private charter plane carrying then Deputy Chief Minister Ajit Pawar and four others crashed near the Baramati airstrip, killing all on board.

'The Next Chairman Does Not Need To Build Tata'

'The Next Chairman Does Not Need To Build Tata'

Rediff.com4 days ago

'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'

Swiggy's Q1 Net Loss Shrinks 34% Amidst Strong Revenue Growth

Swiggy's Q1 Net Loss Shrinks 34% Amidst Strong Revenue Growth

Rediff.com31 Jul 2026

Food and grocery delivery giant Swiggy has reported a significant narrowing of its net loss in the first quarter, down 34 per cent year-on-year to approximately 791 crore, while revenue from operations surged by 37 per cent to 6,812 crore. The company also achieved contribution margin break-even in its quick commerce segment, Instamart.

Demat account additions hit 6-month high amid IPO frenzy

Demat account additions hit 6-month high amid IPO frenzy

Rediff.com7 days ago

New dematerialised (demat) account additions in India reached a six-month high in July, with 2.89 million new accounts opened, driven by a buoyant initial public offering (IPO) market and a broad-based rally in equities.

Modern Marriage: 'My Husband Lied To Me For 11 Years'

Modern Marriage: 'My Husband Lied To Me For 11 Years'

Rediff.com5 days ago

Riya* tells Rishika Shah/Rediff how a lie she discovered after marriage made her question everything she thought she knew about the man she loved.

Tata Chemicals Q1 Profit Dips 81% to Rs 60 Crore Due to Increased Expenses

Tata Chemicals Q1 Profit Dips 81% to Rs 60 Crore Due to Increased Expenses

Rediff.com27 Jul 2026

Tata Chemicals reported an 81 per cent decline in consolidated net profit to Rs 60 crore for the quarter ended June, primarily attributed to higher expenses, despite an increase in total income.

Bajaj Finance sees 29% profit surge in Q1, driven by robust NII and AUM growth

Bajaj Finance sees 29% profit surge in Q1, driven by robust NII and AUM growth

Rediff.com31 Jul 2026

Bajaj Finance, India's largest private-sector NBFC, reported a 29 per cent year-on-year increase in standalone net profit to 5,346 crore for Q1FY27, propelled by robust growth in net interest income and assets under management, which surpassed 4 trillion.

Vishwanath And Sons Review: A Feel-Good Winner!

Vishwanath And Sons Review: A Feel-Good Winner!

Rediff.com3 days ago

Suriya and Mamitha Baiju light up this warm-hearted family entertainer, even if the film loses some of its spark in the second half.

L&T to invest Rs 5,000 crore in EV components, targeting Tier-I supplier status

L&T to invest Rs 5,000 crore in EV components, targeting Tier-I supplier status

Rediff.com30 Jul 2026

Larsen & Toubro (L&T) is investing Rs 5,000 crore over five years to enter the automotive components sector, focusing on electric vehicle (EV) motors, safety systems, and connected-vehicle technologies, aiming to become a Tier-I auto supplier.

Stock Markets Today: Sensex, Nifty Dip as Geopolitical Tensions Fuel Crude Price Surge

Stock Markets Today: Sensex, Nifty Dip as Geopolitical Tensions Fuel Crude Price Surge

Rediff.com10 Aug 2026

Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to a significant spike in crude oil prices, driven by escalating geopolitical uncertainties, despite positive cues from Asian and US markets.

P&G Appoints India-Born Shailesh Jejurikar As Chairman

P&G Appoints India-Born Shailesh Jejurikar As Chairman

Rediff.com29 Jul 2026

Procter & Gamble has announced the appointment of its India-born President and CEO, Shailesh Jejurikar, as the Chairman, effective August 1, 2026. He will succeed Jon Moeller, who is set to retire. Jejurikar, an IIM Lucknow alumnus, has been with P&G since 1989 and has held various senior leadership roles.

Apple achieves record June quarter revenue, but faces challenges

Apple achieves record June quarter revenue, but faces challenges

Rediff.com31 Jul 2026

Tech giant Apple reported a record June quarter revenue of USD 109.4 billion, a 16 per cent year-on-year increase, with significant double-digit growth in emerging markets like India. However, the company anticipates business risks in the coming quarters due to rising memory chip prices and ongoing supply constraints.

Digital Banking Records Now Admissible As Evidence

Digital Banking Records Now Admissible As Evidence

Rediff.com10 Aug 2026

The Rajya Sabha has passed The Bankers' Books Evidence Bill, 2026, which aims to replace a British-era law and allow digital and virtual records to be admissible as evidence in courts. This legislation aligns with contemporary digital banking practices and extends a uniform evidential framework to various financial entities, including NBFCs and fintech companies. Finance Minister Nirmala Sitharaman highlighted the bill's role in strengthening public confidence and safeguarding customer privacy. The bill's passage, however, saw an Opposition walkout over unrelated issues.

We may apply for universal banking licence within a year

"We may apply for universal banking licence within a year"

Rediff.com5 days ago

Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.

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.

Anand Mahindra: M&M must enter attack mode

Anand Mahindra: M&M must enter attack mode

Rediff.com31 Jul 2026

Mahindra Group Chairman Anand Mahindra announced the company would adopt an 'attack mode' strategy, accelerating investment, innovation, and execution to capitalise on opportunities arising from prolonged geopolitical and economic uncertainty.

Trump: Replacing Infantino as FIFA President would be 'terrible mistake'

Trump: Replacing Infantino as FIFA President would be 'terrible mistake'

Rediff.com7 days ago

US President Donald Trump has publicly backed FIFA President Gianni Infantino, stating that replacing him would be a 'terrible mistake' and that the sport would 'never be as successful or profitable' without him, despite Infantino facing significant backlash and a battle to retain his position ahead of next year's presidential elections.