News for 'IT companies'

'Methyl Isocyanate of law': SC flags AI-hallucinated judgments

'Methyl Isocyanate of law': SC flags AI-hallucinated judgments

Rediff.com2 Jul 2026

The Supreme Court of India has issued a strong warning against the use of "non-existent, fake, and hallucinated" judgements generated by artificial intelligence (AI), likening it to "the release of methyl Isocyanate in the province of law and justice: invisible, insidious, and catastrophic." The court set aside an NCLT verdict that relied on such AI-generated precedents.

WhatsApp issues FAQs amid govt scrutiny over new username feature

WhatsApp issues FAQs amid govt scrutiny over new username feature

Rediff.com2 Jul 2026

WhatsApp has released detailed FAQs on its upcoming username feature, outlining measures to address concerns around impersonation, scams, and unwanted contact, amidst government scrutiny.

FinMin Clears Rs 1.25 Lakh Crore for India Semiconductor Mission 2.0

FinMin Clears Rs 1.25 Lakh Crore for India Semiconductor Mission 2.0

Rediff.com30 Jun 2026

The Finance Ministry's expenditure department has approved a substantial Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, significantly increasing the country's investment in global chip-making ambitions and aiming to establish India as a major semiconductor hub.

Tashi Network, DroneVerse Conduct Groundbreaking Drone Swarm Trial In Delhi

Tashi Network, DroneVerse Conduct Groundbreaking Drone Swarm Trial In Delhi

Rediff.com25 Jun 2026

Tashi Network and DroneVerse successfully conducted a live drone swarm field trial in Delhi, demonstrating advanced autonomous capabilities for defence and internal security. The trial showcased decentralised mesh technology, allowing drone swarms to maintain mission coherence even with communication disruptions, marking a significant step towards India's technological sovereignty in autonomous warfare.

TCS stares at additional $70 mn hit after US Supreme Court declines review in trade secret dispute

TCS stares at additional $70 mn hit after US Supreme Court declines review in trade secret dispute

Rediff.com16 Jun 2026

Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).

Govt restores commercial LPG supplies as West Asia crisis eases

Govt restores commercial LPG supplies as West Asia crisis eases

Rediff.com25 Jun 2026

The government on Thursday restored liquefied petroleum gas (LPG) supplies to commercial consumers such as hotels, restaurants and other businesses to pre-crisis levels, and lifted sector-specific restrictions imposed during the recent West Asia conflict, in a sign that energy supply concerns are easing as global markets stabilise.

Reliance succession 'almost complete' as children take charge: Mukesh Ambani

Reliance succession 'almost complete' as children take charge: Mukesh Ambani

Rediff.com19 Jun 2026

Billionaire Mukesh Ambani announced that the transfer of day-to-day management responsibilities at Reliance Industries to his children, Akash, Isha, and Anant, is "almost complete," marking the final stages of a significant succession process for India's most valuable company.

L'Oreal signs agreement to acquire majority stake in D2C firm Innovist

L'Oreal signs agreement to acquire majority stake in D2C firm Innovist

Rediff.com19 Jun 2026

L'Oral has announced its acquisition of a majority stake in Innovist, an Indian direct-to-consumer (D2C) personal care company, marking a significant expansion in India's rapidly growing beauty industry.

Cognizant CEO Warns Of AI Spending Trap

Cognizant CEO Warns Of AI Spending Trap

Rediff.com15 Jun 2026

'There's been a sense of FOMO, fear mongering and that has led to token consumption without linkages to ROI and without linkages to outcomes.'

How a Kerala medical tourism firm orchestrated an organ trafficking racket

How a Kerala medical tourism firm orchestrated an organ trafficking racket

Rediff.com21 Jun 2026

The Enforcement Directorate has uncovered a sophisticated organ trafficking racket in Kerala, operating under the guise of a medical tourism company. The network exploited financially distressed donors, forging documents and facilitating illegal transplant procedures at major hospitals, leading to arrests and freezing of assets.

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Rediff.com19 Jun 2026

The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.

Why Businesses Struggle To Fill Cyber Roles

Why Businesses Struggle To Fill Cyber Roles

Rediff.com29 Jun 2026

A new Accenture report reveals that nearly half of all global cybersecurity positions remain vacant, primarily due to a critical shortage of professionals with both technical expertise and essential business acumen. The report highlights a significant gap between the skills required for modern cybersecurity and what the labour market currently offers, exacerbated by poor retention and underinvestment in upskilling.

Hero MotoCorp Marks 10 Years Of MotoSports Rally Team, Unveils Future Plans

Hero MotoCorp Marks 10 Years Of MotoSports Rally Team, Unveils Future Plans

Rediff.com22 Jun 2026

Hero MotoCorp celebrated the 10th anniversary of its MotoSports Team Rally, highlighting a decade of achievements in global rally-raid. The event saw the launch of the "India's Next Dakar Hero" programme, a five-year partnership extension with Dakar Rally organisers, and the induction of young Indian racer Shlok Ghorpade, reinforcing the company's commitment to Indian motorsport talent.

Sebi extends IPO timelines, eases public float rules for companies

Sebi extends IPO timelines, eases public float rules for companies

Rediff.com8 Apr 2026

Amidst heightened market volatility and muted investor sentiment, the Securities and Exchange Board of India (Sebi) has announced one-time relaxations for initial public offering (IPO) timelines and minimum public shareholding requirements, providing relief to numerous companies.

US Paves Way For Return Of Supersonic Air Travel

US Paves Way For Return Of Supersonic Air Travel

Rediff.com1 Jul 2026

The US Department of Transportation has proposed new rules to reverse a five-decade ban on overland supersonic flights, driven by advancements in quiet supersonic technology like NASA's X-59 aircraft. This move aims to enable a new era of faster air travel while addressing noise concerns, with final rules expected by mid-2027.

Razorpay Confidentially Files Draft IPO Documents With SEBI

Razorpay Confidentially Files Draft IPO Documents With SEBI

Rediff.com15 Jun 2026

Fintech unicorn Razorpay has confidentially filed draft documents with SEBI for an Initial Public Offering, with market sources estimating the issue size between Rs 5,000-6,000 crore. This move comes as a rival firm, PhonePe, has paused its IPO plans.

Omar Abdullah's Kashmir Challenge Revives July 2, 1984 Memories

Omar Abdullah's Kashmir Challenge Revives July 2, 1984 Memories

Rediff.com2 Jul 2026

Omar Abdullah has so far laboured hard to make best of a bad bargain. Even so, the ground reality is anything but reassuring. The Opposition parties, including notably the PDP, appear to be gaining ground, though more by default. Public patience with Omar's government has nearly run out, notes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.

Jharkhand Police Arrest Seven in Extortion Case Targeting Construction Company

Jharkhand Police Arrest Seven in Extortion Case Targeting Construction Company

Rediff.com12 Apr 2026

Police in Seraikela, Jharkhand, have arrested seven individuals for allegedly attempting to extort Rs 5 lakh from a construction company building a culvert in Pitaklaag village. The suspects threatened workers and supervisors, demanding money to allow the construction to continue.

Government Penalises Companies for CSR Violations

Government Penalises Companies for CSR Violations

Rediff.com17 Mar 2026

The Indian government has imposed penalties totalling nearly 20 crore on various companies for non-compliance with Corporate Social Responsibility (CSR) norms over the past three financial years, as revealed in the Rajya Sabha.

BrahMos Missile Gets Lethal Upgrade

BrahMos Missile Gets Lethal Upgrade

Rediff.com1 Jul 2026

The next-generation missile is expected to be substantially smaller and lighter than the current BrahMos, which weighs around 3 tonnes. The reduction in weight could allow fighter aircraft to carry more missiles per sortie, enhancing combat effectiveness.

Govt warns Meta over WhatsApp username feature, slaps notice

Govt warns Meta over WhatsApp username feature, slaps notice

Rediff.com1 Jul 2026

The Indian government has issued a notice to Meta regarding WhatsApp's upcoming username feature, warning the platform not to roll it out until concerns about potential fraud, impersonation, and public safety are addressed to the government's satisfaction.

How Cricket Coaching Can Be Reshaped Through AI

How Cricket Coaching Can Be Reshaped Through AI

Rediff.com26 Jun 2026

Advanced Impactor. an AI-powered platform, aims to modernise cricket coaching with real-time performance analytics.

Jio to develop sovereign LEO satellite constellation, partner global providers

Jio to develop sovereign LEO satellite constellation, partner global providers

Rediff.com19 Jun 2026

Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.

Mercedes open to expanding plug-in hybrids for more models

Mercedes open to expanding plug-in hybrids for more models

Rediff.com18 Jun 2026

Mercedes-Benz India is exploring a larger role for plug-in hybrid electric vehicles (PHEVs) in its portfolio, with plans to potentially introduce the technology in more models beyond the newly launched S-Class plug-in hybrid. This strategy aims to cater to luxury car buyers who are hesitant about fully electric vehicles due to concerns over charging infrastructure and range.

NSE's Rs 30,000 Crore IPO Poised To Be India's Largest Public Issue

NSE's Rs 30,000 Crore IPO Poised To Be India's Largest Public Issue

Rediff.com17 Jun 2026

The National Stock Exchange (NSE) is set to launch India's largest initial public offering (IPO), estimated at Rs 30,000 crore. This mega public issue will surpass previous records held by Hyundai Motor India and Life Insurance Corporation of India (LIC), marking a significant event in the Indian stock market. The move comes as India's primary market shows signs of recovery after a period of slowdown.

NSE-listed companies increase CSR spending by 23% to Rs 22,212 crore in FY25

NSE-listed companies increase CSR spending by 23% to Rs 22,212 crore in FY25

Rediff.com21 Apr 2026

Companies listed on the National Stock Exchange (NSE) main board increased their Corporate Social Responsibility (CSR) expenditure by 23 per cent year-on-year to Rs 22,212 crore in 2024-25 (FY25), driven by a significant jump in average net profits, according to a PRIME Database Group report.

High Spirits: Liquor Brands Bet On Premium Buzz In Hindi Heartland

High Spirits: Liquor Brands Bet On Premium Buzz In Hindi Heartland

Rediff.com16 Jun 2026

Indian liquor brands are increasingly focusing on Hindi heartland states like Uttar Pradesh, Rajasthan, and Haryana as the next major growth engine for premiumisation, driven by expanding luxury portfolios, craft spirit launches, and upgraded retail experiences, as state governments embrace reforms.

WhatsApp Is Changing. Are You Safe?

WhatsApp Is Changing. Are You Safe?

Rediff.com3 Jul 2026

WhatsApp is finally letting you hide your phone number behind a custom username. While it's a massive win for privacy, cybersecurity experts warn it could unleash a wave of identity scams. Here is what you need to know.

Why Foreign Students Don't Come To India

Why Foreign Students Don't Come To India

Rediff.com1 Jul 2026

90 per cent of institutions recorded no improvement in international student metrics, despite government initiatives such as the Study in India programme, UGC regulations on internationalisation, and efforts to attract foreign students.

India's Net FDI Jumps Fourfold to $6.58 Billion in April

India's Net FDI Jumps Fourfold to $6.58 Billion in April

Rediff.com23 Jun 2026

India's net foreign direct investment (FDI) surged more than fourfold to $6.58 billion in April 2026, driven by a significant increase in equity inflows and reduced repatriation by foreign investors, according to the Reserve Bank of India (RBI).

Raveena Tandon: 'My Fans Have Kept Me Alive And Breathing'

Raveena Tandon: 'My Fans Have Kept Me Alive And Breathing'

Rediff.com2 Jul 2026

'My fans don't mind me hamming.'

Serena Williams' Return To Wimbledon Ends In Shock First Round Loss

Serena Williams' Return To Wimbledon Ends In Shock First Round Loss

Rediff.com1 Jul 2026

Tennis legend Serena Williams' highly anticipated return to competitive action at Wimbledon after a four-year hiatus concluded with a 6-3 6-7(6) 6-3 defeat to Australian qualifier Maya Joint in the first round. Despite flashes of brilliance and fighting back from a match point, Williams was unable to overcome the 20-year-old, who secured the most significant victory of her career.

Ahmed Khan: 'Tiger Shroff Seems To Have Lost His Way'

Ahmed Khan: 'Tiger Shroff Seems To Have Lost His Way'

Rediff.com29 Jun 2026

'Producers were ready to pay me obscene amounts of money because after Rangeela, they thought if they took A R Rahman and Ahmed Khan, the film would be a hit.' 'There were no imported cars then, no mobile phones or online shopping, no house to run or any big kharcha. I was rocking!'

'Anything is possible': Cape Verde's fairytale run continues at World Cup

'Anything is possible': Cape Verde's fairytale run continues at World Cup

Rediff.com27 Jun 2026

Cape Verde, a tiny island nation, has made history by advancing to the round of 32 in the FIFA World Cup.

Tribunal awards Rs 2.46 crore to MARCOS diver with 88% disability after road accident

Tribunal awards Rs 2.46 crore to MARCOS diver with 88% disability after road accident

Rediff.com25 Jun 2026

A Delhi Motor Accident Claims Tribunal has awarded over 2.46 crore to Lakhpat Singh, a Marine Commandos (MARCOS) diver, who suffered 88 per cent permanent disability in a 2018 road accident, severely impacting his ability to continue his specialised military career.

Mumbai Police Act Again On Kalina-BKC Link Road Obstruction

Mumbai Police Act Again On Kalina-BKC Link Road Obstruction

Rediff.com13 Jun 2026

Mumbai Police have registered a second FIR against a construction company for allegedly blocking the Kalina-BKC Link Road with cranes and materials. The fresh case, filed under the Bharatiya Nyay Sanhita, names the project manager and administrative head, following a previous penalty by MMRDA and viral videos of the obstruction.

Sebi Reintroduces Open-Market Buybacks, Eases Debt Listing Norms

Sebi Reintroduces Open-Market Buybacks, Eases Debt Listing Norms

Rediff.com21 Jun 2026

India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.

Keki Mistry to remain interim chairman of HDFC Bank till Sep 18

Keki Mistry to remain interim chairman of HDFC Bank till Sep 18

Rediff.com18 Jun 2026

The Reserve Bank of India has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank, continuing his tenure until September 18, 2026, or until a regular chairman is appointed.

Want To Invest In Life Cycle Funds?

Want To Invest In Life Cycle Funds?

Rediff.com2 Jul 2026

Life cycle funds may suit people who are starting their investing journey. They may suit those who do not want to monitor their investments frequently. Busy professionals, beginners and delegators, who lack the time, information or interest to manage asset allocation actively, may find these funds useful.

Nifty 50's Contribution to India Inc's Q4 Earnings Hits 21-Quarter Low

Nifty 50's Contribution to India Inc's Q4 Earnings Hits 21-Quarter Low

Rediff.com10 Jun 2026

The Nifty 50 firms' contribution to the overall earnings of India Inc has steadily declined, reaching its lowest share in at least 21 quarters at 47.1 per cent in Q4FY26, down from 51.8 per cent a year earlier.