News for 'IT firms'

Kerala Immigration Firm CEO Detained Over Job Fraud Allegations

Kerala Immigration Firm CEO Detained Over Job Fraud Allegations

Rediff.com1 days ago

Parvathy Maya Shaji, CEO of Amster Overseas Private Limited, has been detained at Thiruvananthapuram airport in connection with two cheating cases registered in Kochi. She is accused of defrauding individuals by promising high-paying jobs abroad in Armenia and Poland, with complainants paying significant sums. Her husband and other employees are also named in the cases, and police anticipate more complaints.

Modi's schoolmate wins battle for land with BJP MLA's firm

Modi's schoolmate wins battle for land with BJP MLA's firm

Rediff.com16 Sep 2026

An 81-year-old man, Asgarali Vohra, who claims to be a schoolmate of Prime Minister Narendra Modi, has found relief in a long-standing land dispute. After Vohra met PM Modi to appeal for a CBI probe, a firm linked to a BJP MLA, Seven Eleven Construction, backed down, surrendering its construction permit and withdrawing a police complaint against Vohra. The dispute involved a prime plot in Palghar district that Vohra bought in 1989, which he alleged was encroached upon by two firms.

AI-led pricing pressure to drive consolidation among mid-tier IT firms

AI-led pricing pressure to drive consolidation among mid-tier IT firms

Rediff.com4 days ago

India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.

Mastercard Sells Entire 4.31% Stake in Fintech Firm Pine Labs for Rs 933 Crore

Mastercard Sells Entire 4.31% Stake in Fintech Firm Pine Labs for Rs 933 Crore

Rediff.com3 days ago

Global payments solution major Mastercard has fully exited Indian fintech firm Pine Labs, selling its entire 4.31 per cent stake for Rs 933 crore through block deals on the BSE.

Construction firm clerk killed for refusing to inflate diesel bills

Construction firm clerk killed for refusing to inflate diesel bills

Rediff.com9 Sep 2026

A clerk at a private construction firm in Jharkhand's Giridih district was allegedly abducted and murdered after he refused to prepare inflated fuel bills, leading to the arrest of four individuals, including two company employees.

FMCG firms to hold prices through festive season despite rising commodity costs

FMCG firms to hold prices through festive season despite rising commodity costs

Rediff.com5 days ago

Fast-moving consumer goods (FMCG) companies in India are committed to maintaining current prices through the festive season, despite facing increased commodity costs and geopolitical disruptions. This strategy aims to protect consumer demand and sustain volume growth, even as margins remain under pressure.

Former Anthropic Researcher Alleges AI Firms Are 'Gambling With Our Lives'

Former Anthropic Researcher Alleges AI Firms Are 'Gambling With Our Lives'

Rediff.com9 Sep 2026

Jacob Coxon, an AI researcher formerly with OpenAI and Anthropic, has resigned, accusing leading tech firms of an irresponsible and unchecked race towards developing superintelligence. He warns that this competitive rush, lacking adequate safeguards, poses an existential threat, potentially leading to catastrophic harm and "gambling with our lives."

Bengaluru healthcare firm owner held in interstate fake drug racket

Bengaluru healthcare firm owner held in interstate fake drug racket

Rediff.com16 Sep 2026

Karnataka Health Minister U T Khader announced the busting of a major interstate counterfeit drug racket, leading to an arrest and an ongoing investigation into the suspected supply of fake medicines to hospitals. The racket involved procuring cheap drugs, refilling them, and relabelling them as premium brands, with seizures worth Rs 5 crore. A Special Investigation Team (SIT) has been formed to probe the widespread network.

Government Firm On UPI MDR Charges Above Rs 2,000

Government Firm On UPI MDR Charges Above Rs 2,000

Rediff.com16 Sep 2026

The Indian government has confirmed there will be no rollback of the 0.4 per cent Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, effective from October 15. Despite opposition, officials state the decision aims to make the UPI ecosystem self-sustainable and secure, with charges applying only to merchant payments, not person-to-person transactions.

NSE enters top-10 most valued firms' club; shares jump over 5%

NSE enters top-10 most valued firms' club; shares jump over 5%

Rediff.com2 days ago

Shares of the National Stock Exchange of India Ltd (NSE) climbed nearly 1 per cent on their trading debut, reaching a market valuation of Rs 4,53,123 crore, following a significantly oversubscribed initial public offering.

Private Defence Firms Get DRDO Missile Tech Boost

Private Defence Firms Get DRDO Missile Tech Boost

Rediff.com27 Aug 2026

The move is meant to enhance the operational capability of the armed forces, reduce import dependence and increase domestic value addition.

Foreign Firms' Investment Intensity in India Falls Since FY20: EAC-PM

Foreign Firms' Investment Intensity in India Falls Since FY20: EAC-PM

Rediff.com21 Aug 2026

A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.

Top Pharma Firms Maintain Volume Growth Amid Market Shift to Chronic Therapies

Top Pharma Firms Maintain Volume Growth Amid Market Shift to Chronic Therapies

Rediff.com3 days ago

India's 10 largest pharmaceutical companies have consistently maintained positive average volume growth throughout 2026, while smaller rivals have experienced more erratic performance, driven by a market shift towards chronic and sub-chronic therapies.

Why Are Indian IT Firms Cutting H-1B Applications?

Why Are Indian IT Firms Cutting H-1B Applications?

Rediff.com21 Aug 2026

Indian IT companies have significantly reduced their fresh H-1B visa applications for US FY27, a direct consequence of soaring fees imposed by the Trump administration and new lottery system changes that prioritise higher-salaried employees, leading to a seven-year low in registrations.

Tata Trusts firm on keeping Tata Sons unlisted, board to explore alternatives

Tata Trusts firm on keeping Tata Sons unlisted, board to explore alternatives

Rediff.com18 Sep 2026

Tata Trusts, the majority shareholder of Tata Sons, has stated its firm opposition to the holding company's public listing, revealing that the Tata Sons board will meet again to explore all available alternatives to listing.

Indian IT Firms Spend $1.1 Billion To Strengthen STEM Pipeline In US

Indian IT Firms Spend $1.1 Billion To Strengthen STEM Pipeline In US

Rediff.com26 Aug 2026

Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.

Market Cap of Four Top Firms Erodes by Rs 87,960 Crore; Airtel Takes Biggest Hit

Market Cap of Four Top Firms Erodes by Rs 87,960 Crore; Airtel Takes Biggest Hit

Rediff.com23 Aug 2026

The combined market valuation of four of India's top-10 most valued firms eroded by Rs 87,960.29 crore last week, with Bharti Airtel experiencing the largest decline, amidst a bearish trend in the equities market.

Sports Ministry Firm On Asian Games Tennis Selection Criteria

Sports Ministry Firm On Asian Games Tennis Selection Criteria

Rediff.com25 Aug 2026

Five Indian tennis players were excluded from the Asian Games squad because they did not meet the Sports Ministry's stringent international ranking criteria, a decision that has drawn criticism from veteran players like Rohan Bopanna but is being upheld by authorities to maintain administrative integrity.

West Asia Disruption Keeps Oil Prices Firm, $100/bbl Risk Looms

West Asia Disruption Keeps Oil Prices Firm, $100/bbl Risk Looms

Rediff.com28 Aug 2026

Oil prices are expected to remain elevated due to disruptions in the Strait of Hormuz, with both the US Energy Information Administration (EIA) and Rabobank International forecasting firm prices and a potential surge above $100 a barrel if disruptions worsen.

Market Cap of Five Top Firms Erodes by Rs 1 Lakh Crore; TCS Takes Biggest Hit

Market Cap of Five Top Firms Erodes by Rs 1 Lakh Crore; TCS Takes Biggest Hit

Rediff.com16 Aug 2026

The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.

Stock Markets Today: Sensex, Nifty Rebound on Easing Crude Prices

Stock Markets Today: Sensex, Nifty Rebound on Easing Crude Prices

Rediff.com3 days ago

Indian benchmark indices Sensex and Nifty saw a rebound in early trade, driven by a moderation in crude oil prices, despite persistent selling by Foreign Institutional Investors (FIIs) and mixed global market cues.

Stock Markets Today: Sensex, Nifty climb as oil prices cool, foreign funds return

Stock Markets Today: Sensex, Nifty climb as oil prices cool, foreign funds return

Rediff.com5 days ago

Indian benchmark indices, Sensex and Nifty, saw gains in early trade, driven by a notable drop in crude oil prices and renewed buying interest from Foreign Institutional Investors (FIIs).

Sensex, Nifty Rebound on Easing Crude, Hopes of West Asia De-escalation

Sensex, Nifty Rebound on Easing Crude, Hopes of West Asia De-escalation

Rediff.com2 days ago

Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a decline in crude oil prices below USD 100 per barrel and optimism surrounding a potential de-escalation of the conflict in West Asia.

Trump extends $100,000 H-1B visa fee for another year

Trump extends $100,000 H-1B visa fee for another year

Rediff.com7 days ago

US President Donald Trump has extended the USD 100,000 fee on employers for H-1B foreign workers for another year, citing a significant decrease in registrations from large IT outsourcing firms. This move, aimed at protecting American jobs and ensuring highly-skilled workers, also includes a separate proclamation for enhanced scrutiny of H-1B applications, particularly concerning potential layoffs of US workers.

NSE Rings The Gong At BSE

NSE Rings The Gong At BSE

Rediff.com1 days ago

The National Stock Exchange marked its stock market debut at the Bombay Stock Exchange on September 24, 2026, with a traditional gong-ringing ceremony.

Mohali's Minerva Public School Triumphs In Thrilling Subroto Cup Final

Mohali's Minerva Public School Triumphs In Thrilling Subroto Cup Final

Rediff.com1 days ago

Minerva Public School CISCE from Mohali defeated Maqdoomiya Islamic Cultural English Medium Higher Secondary School from Kerala 3-2 to win the Junior Boys (U-17) title at the 65th Subroto Cup International Football Tournament. Other winners included Saint Patrick's High School in Junior Girls and Manik Para Vivekanand Vidyapeeth in Sub Junior Boys.

1st Test: Dinusha's maiden ton gives Sri Lanka hope, but India remain firmly in charge

1st Test: Dinusha's maiden ton gives Sri Lanka hope, but India remain firmly in charge

Rediff.com17 Aug 2026

Sonal Dinusha's maiden Test hundred sparked Sri Lanka's fightback in Galle, but India retained firm control after bowling out the hosts for 284 to secure a 178-run lead.

Terrorist country asking me that question: Jaishankar blasts Pak scribe

Terrorist country asking me that question: Jaishankar blasts Pak scribe

Rediff.com14 hours ago

External Affairs Minister S Jaishankar strongly rebuked a Pakistani journalist at the UN headquarters who questioned India's alleged sponsorship of terrorism, calling Pakistan a "terrorist country."

How ED Uncovered A Major IPL Betting Money Laundering Syndicate

How ED Uncovered A Major IPL Betting Money Laundering Syndicate

Rediff.com4 days ago

The Enforcement Directorate has arrested Deepesh Bajoria, a principal bookie from Guwahati, in connection with a large-scale money-laundering investigation linked to an illegal T20 cricket-betting syndicate operating during IPL seasons across the Northeast. Bajoria allegedly used online platforms and encrypted channels to facilitate betting, routing over Rs 28 crore through a non-operational firm's bank account.

Aditya Thackeray refuses to apologise to Disha Salian's father

Aditya Thackeray refuses to apologise to Disha Salian's father

Rediff.com2 days ago

Shiv Sena (UBT) leader Aaditya Thackeray has refused to apologise to Satish Salian, father of late celebrity manager Disha Salian, after receiving a Rs 500 crore defamation notice. Thackeray dismissed the allegations as "frivolous," stating his social media posts did not mention Salian and were aimed at political actors linking his name to the tragic case without evidence. He reiterated he never knew Disha Salian and highlighted inconsistencies in Satish Salian's past statements, calling for an independent CBI probe.

Sensex, Nifty fall despite global cues; IT, financials lead decline

Sensex, Nifty fall despite global cues; IT, financials lead decline

Rediff.com3 days ago

Indian benchmark indices, Sensex and Nifty, closed lower on Tuesday, with the Sensex declining 329.91 points to 74,529.08 and the Nifty dipping 85.30 points to 23,329, primarily dragged by underperformance in IT, financial, and capital goods stocks despite positive global market trends and easing crude oil prices.

Stock Markets Today: Sensex, Nifty in Red; BSE tanked over 600 points

Stock Markets Today: Sensex, Nifty in Red; BSE tanked over 600 points

Rediff.com2 days ago

Indian benchmark indices, Sensex and Nifty, experienced a significant drop in early trade, with the Sensex falling over 600 points, primarily due to crude oil prices surging past the USD 100 per barrel mark and weak global market trends. Track Sensex, Nifty on September 24.

Stock Markets Today: Sensex, Nifty Pare Early Gains; Now Trading in Red

Stock Markets Today: Sensex, Nifty Pare Early Gains; Now Trading in Red

Rediff.com4 days ago

Indian benchmark indices Sensex and Nifty opened higher, extending gains from the previous session, driven by a rally in global markets and a slight cooling in crude oil prices. Optimism around a potential meeting between US and Iranian presidents also contributed to positive sentiment.Later both indices pared gains and were trading in red. Track Sensex, Nifty on September 22.

'This 2,000 MDR Limit Is Bogus'

'This 2,000 MDR Limit Is Bogus'

Rediff.com5 days ago

'These limits will change. Very soon restrictions, restrictions will come.'

Indian IT firms see uptick in outcome-based deals driven by AI

Indian IT firms see uptick in outcome-based deals driven by AI

Rediff.com21 Aug 2026

Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.

Indian Equities Tumble as Sensex Tanks 1,248 Points, Nifty Below 23,100

Indian Equities Tumble as Sensex Tanks 1,248 Points, Nifty Below 23,100

Rediff.com1 days ago

Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.

Terrorism will have consequences: India warns Pak PM at UNGA

Terrorism will have consequences: India warns Pak PM at UNGA

Rediff.com3 hours ago

India, through First Secretary Petal Gahlot, strongly criticised Pakistan at the UN General Assembly, labelling it a "puppet regime" and warning of consequences for its continued support of terrorism. This came after Pakistan Prime Minister Shehbaz Sharif raised the Kashmir issue and credited Donald Trump for intervening in a hypothetical 2025 conflict. India highlighted Pakistan's internal political issues, its history with Osama Bin Laden, and the human rights situation in Pakistan-occupied Kashmir, while also condemning its blasphemy laws and treatment of minorities.

IIT grad, bank manager among 6 held for 'digital arrest' scam

IIT grad, bank manager among 6 held for 'digital arrest' scam

Rediff.com18 Sep 2026

Mumbai Cyber Police have apprehended six individuals, including an IIT graduate and a bank manager, for allegedly defrauding a senior citizen of Rs 1.12 crore through a "digital arrest" scam. The victim was coerced into transferring funds after being threatened with family arrest by impersonators.

'Firmly believe Fadnavis will become PM sooner or later': CM's uncle

'Firmly believe Fadnavis will become PM sooner or later': CM's uncle

Rediff.com2 Aug 2026

Maharashtra Chief Minister Devendra Fadnavis' paternal uncle, Balasaheb Fadnavis, expressed his firm belief that his nephew would "sooner or later" become the Prime Minister of India. This statement comes amidst growing speculation about Devendra Fadnavis' potential shift to national politics, especially following recent political developments and claims by Shiv Sena (UBT) leaders.

Bajaj Finserv Announces Support For Young Olympic Swimmer Dhinidhi Desinghu And Emerging Sports

Bajaj Finserv Announces Support For Young Olympic Swimmer Dhinidhi Desinghu And Emerging Sports

Rediff.com1 days ago

Bajaj Finserv, a leading Indian non-banking financial services company, has announced its support for 16-year-old Olympic swimmer Dhinidhi Desinghu. The company plans to invest in swimming, tennis, badminton, and running to foster emerging sports talent in India, aiming to elevate the sports landscape and careers of many athletes.