News for 'IT companies'

Remembering Garry Sobers: The Greatest Cricketer Ever

Remembering Garry Sobers: The Greatest Cricketer Ever

Rediff.com18 Jul 2026

Sir Garfield Sobers, widely considered the greatest all-rounder in cricket history, passed away just days before his 90th birthday, leaving behind an unparalleled legacy that included a significant connection with India both on and off the field.

Geopolitics, Earnings, Crude Prices Key to Indian Market Movement

Geopolitics, Earnings, Crude Prices Key to Indian Market Movement

Rediff.com13 Jul 2026

Analysts predict that the US-Iran geopolitical conflict, upcoming quarterly earnings announcements, and fluctuations in crude oil prices will be the primary drivers of investor sentiment in the Indian equity markets.

Nasscom Urges Focus On Deep Engineering Skills Amid AI Adoption

Nasscom Urges Focus On Deep Engineering Skills Amid AI Adoption

Rediff.com14 Jul 2026

Nasscom has warned that India's technology workforce risks becoming merely AI-reliant rather than truly AI-native if deep engineering expertise is not preserved. The industry body highlights that while many professionals adopt AI, only a fraction are AI-native, necessitating a shift in academic and industry approaches to foster foundational skills and independent problem-solving.

India climbs to 11th among top FDI destinations in 2025, UN report reveals

India climbs to 11th among top FDI destinations in 2025, UN report reveals

Rediff.com8 Jul 2026

India has significantly improved its position as a global foreign direct investment (FDI) destination, climbing two places to 11th in 2025, with inflows surging by nearly 44 per cent to $38.89 billion, according to the United Nations Conference on Trade and Development (Unctad) World Investment Report 2026.

2nd ODI: Joe Root's unbeaten 99 helps England down India, level series 1-1

2nd ODI: Joe Root's unbeaten 99 helps England down India, level series 1-1

Rediff.com17 Jul 2026

Joe Root anchored England's chase with an unbeaten 99 as the hosts defeated India by four wickets in the second ODI to level the three-match series in Cardiff on Thursday.

Indian-Origin Astronaut Anil Menon Begins Eight-Month ISS Mission

Indian-Origin Astronaut Anil Menon Begins Eight-Month ISS Mission

Rediff.com14 Jul 2026

Indian-origin NASA astronaut Anil Menon, along with two Russian cosmonauts, has embarked on an eight-month mission to the International Space Station (ISS) aboard a Soyuz MS-29 spacecraft. This marks Menon's first spaceflight, where he will conduct scientific research and technology demonstrations focused on human space exploration, microgravity effects, and in-space production of advanced materials.

ED auctions seized Hawker 800A biz jet for Rs 3 cr in Ponzi scheme case

ED auctions seized Hawker 800A biz jet for Rs 3 cr in Ponzi scheme case

Rediff.com3 Jul 2026

The Enforcement Directorate has successfully auctioned a seized Hawker 800A aircraft for Rs 3 crore. This action is part of an ongoing money laundering investigation into a Hyderabad-based company, Capital Protection Force Pvt. Ltd., accused of defrauding investors of Rs 792 crore through a Ponzi scheme. The proceeds from the auction will be used for restitution to genuine investors.

ISRO Talent Drain Triggers Government Action

ISRO Talent Drain Triggers Government Action

Rediff.com15 Jul 2026

The Department of Space has directed that requests for voluntary retirement or resignation from Group 'A' Scientific and Technical personnel associated with the prestigious Gaganyaan human spaceflight programme and other important missions should not be accepted as a matter of routine.

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

Rediff.com8 Jul 2026

The Enforcement Directorate conducted searches in Kolkata as part of an investigation into alleged fund routing from TMC's bank accounts for purchasing an Embraer jet and an AgustaWestland helicopter. The probe suggests Rs 160 crore was transferred to Carewell Aviation, with Rs 112 crore used for aircraft. The ED suspects the arrangement was designed to camouflage the true purpose of transactions. This comes amidst frozen TMC bank accounts and ongoing internal party disputes.

WhatsApp submits reply to govt on 'username' notice

WhatsApp submits reply to govt on 'username' notice

Rediff.com10 Jul 2026

Meta-owned WhatsApp has submitted its reply to the government's notice on the "username" feature and the response is being examined, sources said on Thursday.

Is Tata Motors Becoming India's EV King?

Is Tata Motors Becoming India's EV King?

Rediff.com3 Jul 2026

Tata Motors expands its market leadership in India's electric passenger vehicle (ePV) segment, capturing 39 per cent of the market in Q1FY27, while simultaneously strengthening its position as the nation's second-largest carmaker amidst fierce competition and rapid market growth.

'The boat was upside down in a second': Survivor recalls Vietnam tragedy

'The boat was upside down in a second': Survivor recalls Vietnam tragedy

Rediff.com12 Jul 2026

An Indian survivor of a boat tragedy near Vietnam's Phu Quoc Island described the terrifying moments when a tourist boat carrying 32 Indian tourists capsized due to a sudden storm, killing 15. He praised the swift rescue but highlighted the lack of adequate medical facilities on the island, suggesting more lives could have been saved with better aid. Authorities are investigating the incident.

Anupam Kher, Naseeruddin Shah Feud Again

Anupam Kher, Naseeruddin Shah Feud Again

Rediff.com13 Jul 2026

Anupam Kher and Naseeruddin Shah find themselves in a public war of words, reigniting their long-standing feud over Shah's 'clown' remarks and Kher's political affiliations.

Domestic Passenger Vehicle Sales Rise 24.6% In June

Domestic Passenger Vehicle Sales Rise 24.6% In June

Rediff.com4 Jul 2026

India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.

How Mahindra Group Is Embracing AI For Global Leadership

How Mahindra Group Is Embracing AI For Global Leadership

Rediff.com6 Jul 2026

Mahindra Group CEO Anish Shah emphasizes the critical role of Artificial Intelligence, advocating for its meaningful integration at scale across all aspects of the company. He highlights that AI is redefining industries and decision-making, urging a proactive approach to leverage its potential. Shah also addresses global uncertainties, stating the group's commitment to accelerate amidst challenges and aim for global leadership.

NASA's Anil Menon, 2 Russians lift off on 8-month ISS mission

NASA's Anil Menon, 2 Russians lift off on 8-month ISS mission

Rediff.com15 Jul 2026

Nasa astronaut Anil Menon, along with Russian cosmonauts Pyotr Dubrov and Anna Kikina, has embarked on an eight-month mission to the International Space Station (ISS) aboard a Soyuz MS-29 spacecraft, lifting off from Kazakhstan.

The Hotspot For Indian Weddings In 2025 Was...

The Hotspot For Indian Weddings In 2025 Was...

Rediff.com14 Jul 2026

Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.

Bangalore IT firm creche staff shut kids in washing machine, jetsprayed water in mouth

Bangalore IT firm creche staff shut kids in washing machine, jetsprayed water in mouth

Rediff.com1 Jul 2026

An FIR has been registered against five women employees of a daycare centre in Bengaluru's Brookefield for allegedly physically abusing toddlers. The abuse, captured in videos shared via WhatsApp, includes threatening children, putting them in a washing machine, and spraying water into their mouths. Police are investigating the matter under the Juvenile Justice Act.

Fuel price hike on cards? Puri says oil companies are losing Rs 1,000 cr a day

Fuel price hike on cards? Puri says oil companies are losing Rs 1,000 cr a day

Rediff.com12 May 2026

India possesses two months of fuel stockpiles and faces no supply concerns despite global energy disruptions, according to Oil Minister Hardeep Singh Puri. However, state-run fuel retailers are incurring losses of up to Rs 1 lakh crore in a single quarter due to elevated crude prices and unchanged retail fuel prices, raising questions about the sustainability of these losses.

NBFC access to term money market may lift volumes by 40-60%

NBFC access to term money market may lift volumes by 40-60%

Rediff.com2 Jul 2026

The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.

Ram temple trust begins search for CEO. Check the criteria

Ram temple trust begins search for CEO. Check the criteria

Rediff.com14 Jul 2026

The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the first Chief Executive Officer (CEO) of the Ram temple in Ayodhya. This new position aims to strengthen administrative and financial management following alleged embezzlement concerns. The CEO will be appointed for a three-year term, overseeing various aspects from finance to pilgrim facilities, and must be an actively practising Hindu with specific managerial experience.

Indian Markets Rally for Second Day, Sensex Jumps Over 800 Points

Indian Markets Rally for Second Day, Sensex Jumps Over 800 Points

Rediff.com10 Jul 2026

Indian benchmark indices Sensex and Nifty continued their upward trend for a second consecutive day, with the Sensex gaining over 800 points, driven by strong performances from heavyweights like Reliance Industries, ICICI Bank, and HDFC Bank, alongside positive cues from easing crude oil prices and robust IT sector earnings.

'It Was Very, Very Fierce With Intense Combat'

'It Was Very, Very Fierce With Intense Combat'

Rediff.com8 Jul 2026

June-July 1999 saw some of the most bitterly fought battles in the Kargil War. Colonel Gaurav Chaturvedi looks back on those days -- and the extraordinary saga of the men he fought alongside.

Tech services to remain relevant in AI era: Nasscom

Tech services to remain relevant in AI era: Nasscom

Rediff.com27 Jun 2026

The technology services sector in India will continue to remain relevant to global enterprises transformation in the artificial intelligence (AI) era, the Nasscom US CEO Forum said, even though there will be changes in how services are delivered and scaled up. Chief executive officers of Indian technology companies, who attended the discussion, also said AI will expand the addressable market opportunity across enterprise modernisation, data, AI governance and intelligent operations.

Amid fiscal worries, govt puts PSU share sales on fast track

Amid fiscal worries, govt puts PSU share sales on fast track

Rediff.com2 Jul 2026

The Indian government is accelerating its sale of minority stakes in state-owned companies, including a significant offer for sale (OFS) in Life Insurance Corporation of India (LIC) expected "very soon," to meet its 80,000 crore mobilisation target and reduce its holdings to 75 per cent in most listed PSUs by year-end.

'Removed 1.6L India accounts': Meta details crackdown on child abuse content

'Removed 1.6L India accounts': Meta details crackdown on child abuse content

Rediff.com8 Jul 2026

Meta on Tuesday published a detailed blog outlining its efforts to combat child sexual abuse material across its apps, citing AI-powered detection, ad review systems and large-scale enforcement actions, days after the government issued a notice to the social media giant over reports of Instagram advertisements promoting such content.

Indian Passenger Vehicle Sales Jump 25% in June, Driven by Maruti, Tata, M&M

Indian Passenger Vehicle Sales Jump 25% in June, Driven by Maruti, Tata, M&M

Rediff.com1 Jul 2026

Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.

CBDT Targets Rs 26.97 Trillion Direct Tax Collection

CBDT Targets Rs 26.97 Trillion Direct Tax Collection

Rediff.com6 Jul 2026

Tax collection so far has been encouraging, with net direct tax receipts reaching Rs 5.21 trillion by June 17, nearly a 15 per cent increase compared to the same period last year.

India tech funding rises 12% to $7.2 bn in H1 2026 but deal count shrinks

India tech funding rises 12% to $7.2 bn in H1 2026 but deal count shrinks

Rediff.com26 Jun 2026

The technology startup ecosystem in India attracted $7.2 billion in funding during the first half of calendar year 2026, marking a 12 per cent year-on-year (Y-o-Y) increase. However, even as funding increased, deal count fell sharply, according to a report by market intelligence platform Tracxn.

Maruti Suzuki sees strong PV growth, market share gains, but El Nio poses risk

Maruti Suzuki sees strong PV growth, market share gains, but El Nio poses risk

Rediff.com6 Jul 2026

Maruti Suzuki, India's leading passenger vehicle manufacturer, is experiencing robust growth in the June quarter, driven by a recovery in the entry-level segment, easing supply constraints, and significant market share gains. Despite potential headwinds from El Nio, analysts remain optimistic about the company's future performance.

Corporate Earnings, Monsoon to Drive Next Leg of Indian Market Rally: Morgan Stanley

Corporate Earnings, Monsoon to Drive Next Leg of Indian Market Rally: Morgan Stanley

Rediff.com7 Jul 2026

Morgan Stanley analysts, led by Ridham Desai, predict that the next phase of the Indian market rally will be primarily driven by the April-June quarter (Q1FY27) corporate earnings season and the performance of the monsoon.

Dell Expands Local Server Production In India Driven By AI And Data Sovereignty

Dell Expands Local Server Production In India Driven By AI And Data Sovereignty

Rediff.com30 Jun 2026

Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.

Rapido founders booked over illegal bike taxi operations in Nagpur

Rapido founders booked over illegal bike taxi operations in Nagpur

Rediff.com4 Jul 2026

The founders of the Rapido app have been booked in Nagpur for allegedly operating petrol-powered bike taxi services in Maharashtra without the necessary government permissions. A case was registered following a complaint from the Nagpur RTO after a special drive revealed private vehicles were being used commercially without proper licenses, raising concerns about passenger safety and revenue loss for the government.

Indian Pharma Bets Beyond US Generics

Indian Pharma Bets Beyond US Generics

Rediff.com26 Jun 2026

Companies are investing heavily in complex injectables, respiratory therapies and biosimilars to improve margins and diversify portfolios.

Macro, AI, Geopolitical Overhang to Drag Q1 Showing of IT Cos: Motilal Oswal

Macro, AI, Geopolitical Overhang to Drag Q1 Showing of IT Cos: Motilal Oswal

Rediff.com1 Jul 2026

Indian IT services firms are expected to report a soft Q1 FY27 performance due to a challenging macro environment, the impact of AI, and geopolitical uncertainties, leading to reduced discretionary spending and slower decision-making cycles, according to Motilal Oswal Financial Services.

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Rediff.com11 Jul 2026

Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.

No rollback of E20 petrol, no selling pure petrol: Govt

No rollback of E20 petrol, no selling pure petrol: Govt

Rediff.com13 Jul 2026

It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.

Tata Motors To Launch 4 New EVs, 10+ Refreshes By FY31

Tata Motors To Launch 4 New EVs, 10+ Refreshes By FY31

Rediff.com28 Jun 2026

Tata Motors Passenger Vehicles is gearing up for the next phase of electric vehicle adoption in India, targeting over 30% EV penetration by FY31. The company plans to launch four new products and over ten refreshes by FY31, expanding its portfolio to ten EV nameplates. This strategy aims to move beyond early adopters to engage the early and late majority consumers, focusing on enhanced range, faster charging, and improved battery technology.

Stock Markets Today: Sensex, Nifty Zoom on IT Stocks Rally

Stock Markets Today: Sensex, Nifty Zoom on IT Stocks Rally

Rediff.com10 Jul 2026

Indian benchmark indices Sensex and Nifty surged in early trade, with the Sensex jumping nearly 700 points, primarily driven by strong buying in IT stocks following TCS's positive June-quarter results and optimistic demand outlook. Track Sensex, Nifty on July 10, 2026.

CNG bikes fall out of favour, Bajaj Freedom 125 hit badly

CNG bikes fall out of favour, Bajaj Freedom 125 hit badly

Rediff.com3 Jul 2026

Bajaj Auto, the sole player in India's CNG-powered motorcycle segment, has seen a dramatic drop in registrations for its Freedom 125 CNG bike, from a peak of 12,167 in November 2024 to just 1,211 in May this year, primarily due to reduced price arbitrage between petrol and CNG and growing availability challenges.