News for 'IT firms'

Adani Properties Is India's Fourth Most Valuable Real Estate Firm

Adani Properties Is India's Fourth Most Valuable Real Estate Firm

Rediff.com15 Jul 2026

Adani Properties has emerged as the largest value creator in the 2026 Grohe-Hurun India Real Estate 150, adding Rs 38,000 crore in valuation to become India's fourth-most valuable real estate company, with its valuation rising 72.5 per cent year-on-year to Rs 90,400 crore.

IT companies risk losing ground to AI-native firms: S&P Global

IT companies risk losing ground to AI-native firms: S&P Global

Rediff.com14 Jul 2026

Indian IT service providers face heightened competition from AI-native firms in the next three years, potentially eroding their revenue base unless they remain competitive and protect recurring businesses, according to a report by S&P Global Ratings.

US launches major probe into H-1B visa fraud, names Indian IT firm

US launches major probe into H-1B visa fraud, names Indian IT firm

Rediff.com9 Jul 2026

The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Rediff.com10 Jul 2026

Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.

Nandan Nilekani On How AI Will Amplify IT Firms

Nandan Nilekani On How AI Will Amplify IT Firms

Rediff.com23 Jun 2026

Infosys co-founder Nandan Nilekani stated that artificial intelligence will amplify, not replace, IT firms, projecting a massive USD 400 billion AI-first services opportunity by 2030. Addressing shareholders, he highlighted Infosys's readiness to help clients navigate enterprise AI complexities and capitalise on the structural shift in technology.

Shipping firms asked to avoid sending Indian sailors on vessels through Hormuz

Shipping firms asked to avoid sending Indian sailors on vessels through Hormuz

Rediff.com7 days ago

The Directorate General of Maritime Administration (DGMA) has instructed shipping companies to avoid deploying Indian sailors on vessels transiting the Strait of Hormuz due to the ongoing West Asia crisis, following recent attacks on two vessels carrying Indian seafarers.

Indian Firms Announce Global Partnerships, New Fund, And Social Impact

Indian Firms Announce Global Partnerships, New Fund, And Social Impact

Rediff.com29 Jun 2026

Indian companies LTM and Mastek announced new international partnerships for cloud, AI, and digital transformation. Jio BlackRock AMC launched a new hybrid fund. NMIMS partnered with Coursera for AI-enabled learning, and MakeMyTrip Foundation rebuilt a flood-damaged school in Manali.

Fadnavis orders probe into harassment complaint at Spanish firm in Pune

Fadnavis orders probe into harassment complaint at Spanish firm in Pune

Rediff.com24 Jun 2026

Maharashtra Chief Minister Devendra Fadnavis has ordered probes into multiple allegations of sexual harassment and forced religious conversion at a Spanish multinational in Pune, a government-run ITI in Solapur, and a TCS unit in Nashik. The CM highlighted a pattern of such incidents in corporate firms and suggested forming a panel of women legislators to review existing laws and recommend improvements.

Heavy rains with 80 kmph winds alert for Mumbai; WFH for pvt firms

Heavy rains with 80 kmph winds alert for Mumbai; WFH for pvt firms

Rediff.com6 Jul 2026

The India Meteorological Department has issued a 'red' alert for Mumbai, Thane, and Raigad districts, forecasting heavy to very heavy rainfall and strong winds. Residents are advised to avoid unnecessary travel, and warnings include potential flash floods, structural damage, and disruptions to essential services. The Brihanmumbai Municipal Corporation has also urged caution and deployed officials to monitor the situation.

HAL, Tata, Adani, L&T among firms in race for IAF's Rs 30K cr UAV deal

HAL, Tata, Adani, L&T among firms in race for IAF's Rs 30K cr UAV deal

Rediff.com16 Jun 2026

In the race for 87 Medium-Altitude Long-Range, Endurance unmanned aerial vehicles deal, around 10 bids have been received from Indian private and public sector firms.

Businessman Booked Over Suicide Of Construction Firm Owner

Businessman Booked Over Suicide Of Construction Firm Owner

Rediff.com29 May 2026

A businessman in Palghar has been booked for allegedly abetting the suicide of a construction firm owner, who ended his life by jumping in front of a train.

Daycare abuse: Karnataka govt seeks explanation from IT firm

Daycare abuse: Karnataka govt seeks explanation from IT firm

Rediff.com3 Jul 2026

Karnataka Minister Priyank Kharge has stated the state government's "zero tolerance" policy regarding the alleged abuse of toddlers at a Bengaluru daycare centre. An explanation has been sought from the company, and action will be taken based on the inquiry report. Five nannies have been arrested, and police are investigating the alleged physical and mental abuse.

Temasek looks to cash in on IPL boom as investor race heats up

Temasek looks to cash in on IPL boom as investor race heats up

Rediff.com1 days ago

Temasek is exploring investment opportunities in India's booming IPL cricket league, a senior executive told Reuters, making the Singapore state investor the latest player to target one of the world's richest sports tournaments.

Construction Firm Employees Face Charges For Obstructing Kalina-BKC Link Road

Construction Firm Employees Face Charges For Obstructing Kalina-BKC Link Road

Rediff.com6 Jun 2026

Two employees of a construction firm in Mumbai have been booked for allegedly blocking the new Kalina-BKC Link Road with cranes and other materials, leading to an FIR after viral videos and a failure to comply with MMRDA's request to clear the stretch.

How Premji Invest Built $43 Billion AI Empire

How Premji Invest Built $43 Billion AI Empire

Rediff.com4 days ago

Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.

Rajesh Exports' chief distances firm from LIC's investments

Rajesh Exports' chief distances firm from LIC's investments

Rediff.com8 Jun 2026

Rajesh Mehta, Chairman of Rajesh Exports, has distanced his firm from LIC's investment decisions, stating, "We don't even know where LIC's office is. We have no contact, no connection. This decision of buying shares through the secondary market is their own decision in a prudent commercial manner."

Sensex, Nifty tank nearly 1% as crude oil prices surge and bank stocks face selling pressure

Sensex, Nifty tank nearly 1% as crude oil prices surge and bank stocks face selling pressure

Rediff.com1 days ago

Indian benchmark indices Sensex and Nifty tumbled nearly 1 per cent for the third consecutive day, driven by a sharp spike in crude oil prices and significant selling in bank stocks, with Brent crude jumping to USD 95.27 per barrel.

Spain Vs Argentina FIFA World Cup Final Shatters US Viewership Records

Spain Vs Argentina FIFA World Cup Final Shatters US Viewership Records

Rediff.com2 days ago

The FIFA World Cup final between Spain and Argentina garnered nearly 63 million viewers in the United States, setting new viewership records and highlighting football's increasing popularity in the country.

Capital Market Firms Post Strong Q4 Growth Amidst MTM Headwinds

Capital Market Firms Post Strong Q4 Growth Amidst MTM Headwinds

Rediff.com5 Jun 2026

Listed capital market companies in India delivered strong fourth-quarter earnings growth, with a universe of 12 firms posting 30 per cent year-on-year revenue growth and 19 per cent earnings growth in Q4FY26, despite mark-to-market (MTM) losses impacting headline profitability for some.

Pune Police Arrest IT Firm CEO After Sudden Closure Leaves 500 Jobless

Pune Police Arrest IT Firm CEO After Sudden Closure Leaves 500 Jobless

Rediff.com4 Jun 2026

The CEO of Noida-based IT firm ThynkTech India OPC Pvt Ltd has been arrested in connection with the sudden closure of its Pune branch, which left around 500 employees jobless. The company is accused of withholding salaries and financial irregularities.

You ever think it might be your last call to family? Iranian FM asked US envoy

You ever think it might be your last call to family? Iranian FM asked US envoy

Rediff.com2 days ago

Iranian Foreign Minister Abbas Araghchi has revealed the intense psychological pressure faced by Tehran's diplomatic delegation during peace negotiations with the United States, recalling a direct exchange with US President Donald Trump's Middle East envoy, Steve Witkoff, where he questioned the envoy about the constant military threats.

Belagavi Firm Owner Arrested Over Investment Fraud Allegations

Belagavi Firm Owner Arrested Over Investment Fraud Allegations

Rediff.com16 May 2026

The owner of Shivam Associates in Belagavi has been arrested following allegations of multi-crore investment fraud and unregulated financial activities. Authorities are investigating the firm's dealings with thousands of investors.

Siya Goyal family's spice shop shut over food safety breach

Siya Goyal family's spice shop shut over food safety breach

Rediff.com16 Jul 2026

Maharashtra's Food and Drug Administration (FDA) has issued a notice to a spice and dry fruits shop in Pune, owned by the family of Siya Goyal, an accused in a murder case, ordering it to cease operations due to alleged violations of food safety norms, including suspected adulteration and labelling issues.

Mumbai Rain Is Now A Traded Asset

Mumbai Rain Is Now A Traded Asset

Rediff.com2 hours ago

Mumbai has spent four centuries building folklore around its monsoon: The potholes, the delayed trains, the office debates about whether it will 'break' this week or next. It turns out the rain was always a market. Nobody had built the exchange for it until now!

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.

Indian Equities Extend Losses as West Asia Tensions Fuel Crude Oil Price Hike

Indian Equities Extend Losses as West Asia Tensions Fuel Crude Oil Price Hike

Rediff.com19 hours ago

Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.

Stock Markets Today: Sensex, Nifty Down on US-Iran Crisis, Surging Crude Prices

Stock Markets Today: Sensex, Nifty Down on US-Iran Crisis, Surging Crude Prices

Rediff.com1 days ago

Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to a significant surge in crude oil prices, exacerbated by escalating tensions in the West Asia. Track how Sensex, Nifty fared on July 23.

Global Firms Invest Rs 963 Crore In Paytm Parent Company

Global Firms Invest Rs 963 Crore In Paytm Parent Company

Rediff.com23 May 2026

Global financial institutions, including Goldman Sachs and Citigroup, have invested Rs 963 crore in One 97 Communications (Paytm's parent company) through open market transactions, acquiring a 1.34 per cent stake from SAIF Partners and Elevation Capital.

Infosys Veteran Ashiss Kumar Dash Appointed CEO Designate, To Succeed Salil Parekh in 2027

Infosys Veteran Ashiss Kumar Dash Appointed CEO Designate, To Succeed Salil Parekh in 2027

Rediff.com16 hours ago

Infosys, India's second-largest IT services firm, has appointed company veteran Ashiss Kumar Dash as CEO designate, with the leadership transition scheduled for April 1, 2027, after current CEO Salil Parekh completes his second term.

Q1 Earnings, West Asia Tensions, Crude Oil to Drive Market Movement This Week

Q1 Earnings, West Asia Tensions, Crude Oil to Drive Market Movement This Week

Rediff.com5 days ago

Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.

Relief for Reliance Jio, Anti-Competition Complaint Against It Dismissed

Relief for Reliance Jio, Anti-Competition Complaint Against It Dismissed

Rediff.com6 days ago

India's fair trade regulator, the Competition Commission of India (CCI), has dismissed a complaint alleging anti-competitive conduct against Reliance Jio Infocom Ltd and over 4,500 other firms across various sectors, citing a lack of specific evidence.

'They Cannot Touch Virat and Rohit': Ashwin's Big Claim

'They Cannot Touch Virat and Rohit': Ashwin's Big Claim

Rediff.com3 days ago

Ravichandran Ashwin has weighed in on the ongoing speculation surrounding Rohit Sharma's future, asserting that players like Rohit and Virat Kohli are "untouchable" due to their immense body of work and massive fan following. Ashwin highlighted that dropping such star batters would cause a significant uproar, unlike the reaction to bowlers being left out. This comes as Rohit recently silenced critics with a century at Lord's amidst retirement rumours.

Shastri says Rohit gave critics a 'tight slap with the bat'

Shastri says Rohit gave critics a 'tight slap with the bat'

Rediff.com2 days ago

Rohit Sharma's century at Lord's not only secured a victory for India but also effectively ended speculation about his ODI future.

Govt allows FDI in inventory-based e-commerce model only for export purposes

Govt allows FDI in inventory-based e-commerce model only for export purposes

Rediff.com16 hours ago

The Indian government has permitted Foreign Direct Investment (FDI) in an inventory-based e-commerce model exclusively for the export of domestically manufactured or produced goods, aiming to boost outbound shipments without affecting small local retailers.

Mamata reaches out to Cong, CPI-M for anti-BJP front

Mamata reaches out to Cong, CPI-M for anti-BJP front

Rediff.com2 days ago

TMC supremo Mamata Banerjee has urged the Congress and CPI(M) to set aside their differences and unite under the INDIA bloc to fight the BJP in West Bengal. This marks a significant shift in the TMC's stance, which has historically been a bitter rival to the Congress and Left in the state.

HUL, Dabur cut staff as median pay rises in FY26

HUL, Dabur cut staff as median pay rises in FY26

Rediff.com12 Jul 2026

India's leading FMCG companies, including Hindustan Unilever and Dabur, reduced their permanent workforce in FY26, even as most firms in the sector, such as Tata Consumer Products and Marico, increased median employee remuneration, reflecting a mixed trend in staffing and compensation strategies.

Stock Markets Today: Sensex, Nifty Down On HDFC Bank, US-Iran Crisis

Stock Markets Today: Sensex, Nifty Down On HDFC Bank, US-Iran Crisis

Rediff.com3 days ago

Indian benchmark indices Sensex and Nifty experienced a downturn in early trade, primarily influenced by a dip in HDFC Bank shares, persistent outflows from foreign funds, and escalating geopolitical tensions between the US and Iran. Track Sensex, Nifty performance.

Brand USA Unveils 'More To Love' Campaign After World Cup

Brand USA Unveils 'More To Love' Campaign After World Cup

Rediff.com3 days ago

Brand USA, the destination marketing organisation for the United States, has launched a new social-first series called 'More to Love'. This campaign aims to thank international fans who visited the US during the FIFA World Cup and encourage them to return to explore more of the country's diverse attractions, including its national parks and landmarks. The campaign is being amplified globally, including in India.

Manish Malhotra Surprised Shabana Azmi At Paris With...

Manish Malhotra Surprised Shabana Azmi At Paris With...

Rediff.com6 days ago

Mijwan Welfare Society, founded by legendary Urdu poet Kaifi Azmi, that works for empowerment of women and the girl child was proud to announce that the exquisite chikankari craftsmanship of its women artisans was showcased at Paris Haute Couture Week Fall/Winter 2026 as part of Manish Malhotra's collection, Maa.

Indian Firms Gain Access To Anthropic's Mythos AI For Cybersecurity

Indian Firms Gain Access To Anthropic's Mythos AI For Cybersecurity

Rediff.com6 Jun 2026

Indian government agencies and private sector firms have secured access to Anthropic's advanced AI model, Mythos, through Project Glasswing. This initiative aims to enhance cybersecurity by identifying software vulnerabilities in critical infrastructure. Anthropic has also urged a moderated pace of AI development due to potential societal risks.