News for 'IT firms'

How CBI Is Tackling Widespread Builder-Banker Fraud

How CBI Is Tackling Widespread Builder-Banker Fraud

Rediff.com8 Jun 2026

The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.

Maharashtra Government Vows Action After Gutkha Mafia Attack

Maharashtra Government Vows Action After Gutkha Mafia Attack

Rediff.com9 Jun 2026

A woman Food Safety Officer was targeted by suspected gutkha mafia operatives during a raid in Maharashtra's Chhatrapati Sambhajinagar district. The incident, where a vehicle attempted to run her over, has led the state government to order strict action against those responsible. FDA Minister Narhari Zirwal condemned the attack and assured full support to the officer, vowing no leniency for assailants of government officials.

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

Rediff.com8 Jun 2026

State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.

'Market Has Become Excessively Bearish On India'

'Market Has Become Excessively Bearish On India'

Rediff.com11 Jun 2026

'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'

Bilateral mechanism in place for deportation of illegal Bangladeshis: Govt

Bilateral mechanism in place for deportation of illegal Bangladeshis: Govt

Rediff.com5 Jun 2026

India on Friday reiterated that it follows a structured bilateral mechanism for the deportation of illegal Bangladeshi nationals and expressed hope that pending nationality verification requests with Dhaka would be expedited, amid fresh allegations by Bangladesh that the Border Security Force (BSF) was attempting to push people across the border.

Australia's African diaspora takes centre stage at World Cup

Australia's African diaspora takes centre stage at World Cup

Rediff.com12 Jun 2026

Born in African refugee camps and raised in Australia, Mohamed Toure, Nestory Irankunda and Awer Mabil are carrying the Socceroos' World Cup hopes while showcasing the nation's increasingly diverse football identity.

World Bank ups India's FY27 growth to 6.6% amid global slowdown

World Bank ups India's FY27 growth to 6.6% amid global slowdown

Rediff.com12 Jun 2026

The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.

Kerala Police Arrest Four After ED Officials Attacked

Kerala Police Arrest Four After ED Officials Attacked

Rediff.com27 May 2026

Kerala police have arrested four individuals in connection with the violent attack on vehicles carrying Enforcement Directorate (ED) officials who raided former Kerala CM Pinarayi Vijayan's rented house. The arrests followed a stand-off with CPI(M) party workers and leaders.

Rajesh Exports denies financial irregularities, blames 'communication gap' for Sebi action

Rajesh Exports denies financial irregularities, blames 'communication gap' for Sebi action

Rediff.com4 Jun 2026

Rajesh Exports has refuted allegations of financial irregularities, stating that its reported revenues are accurate and attributing the Securities and Exchange Board of India's (Sebi) interim action to a 'communication gap' between the regulator and the company.

TMC, Congress dismiss reports of merger talks

TMC, Congress dismiss reports of merger talks

Rediff.com11 Jun 2026

The Trinamool Congress (TMC) has dismissed "baseless" rumours of a possible merger with the Congress, despite recent meetings between TMC supremo Mamata Banerjee and Congress leaders Sonia Gandhi and Rahul Gandhi, which occurred amidst significant internal rebellion within the TMC following its recent electoral defeat in West Bengal.

Kerala Minister Alleges Conspiracy Behind ED Office Attack

Kerala Minister Alleges Conspiracy Behind ED Office Attack

Rediff.com28 May 2026

Kerala Home Minister Ramesh Chennithala has alleged that the violent attack on Enforcement Directorate (ED) officials' vehicles was a conspiracy by the CPI(M) to disrupt law and order. The ED raids were linked to financial dealings between former CM Pinarayi Vijayan's daughter's firm and a sand mining company.

Aviation firm director, dhaba owner held in Delhi Brigadier assault case

Aviation firm director, dhaba owner held in Delhi Brigadier assault case

Rediff.com14 Apr 2026

The director of an aviation firm and a dhaba owner have been arrested in Delhi for assaulting an Army brigadier and his son after the officer objected to them drinking alcohol in public.

Lagaan to Laapataa Ladies: Aamir Khan's 10 Best Productions

Lagaan to Laapataa Ladies: Aamir Khan's 10 Best Productions

Rediff.com17 Jun 2026

As Aamir Khan Productions celebrates 25 years, we rank the 10 best films produced by its star, from the iconic Lagaan to the recent critically-acclaimed Laapataa Ladies.

India must focus on long-term growth, not short-term challenges: Citi CEO

India must focus on long-term growth, not short-term challenges: Citi CEO

Rediff.com12 Jun 2026

Despite current headwinds, India remains the world's fastest-growing major economy and should not allow near-term challenges to obscure its long-term growth potential, said Jane Fraser, Citi Chair and Chief Executive Officer.

India Inc Battles Rising Gulf War Costs

India Inc Battles Rising Gulf War Costs

Rediff.com9 Jun 2026

Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.

Sensex, Nifty close flat; metal, oil & gas shares major drag

Sensex, Nifty close flat; metal, oil & gas shares major drag

Rediff.com10 Jun 2026

Indian benchmark indices Sensex and Nifty closed flat, paring early gains due to renewed hostilities between the US and Iran, which unsettled investor sentiment and led to profit booking in metal, oil & gas, and telecom shares.

India May Need New Legal Framework For AI, Says Minister Ashwini Vaishnaw

India May Need New Legal Framework For AI, Says Minister Ashwini Vaishnaw

Rediff.com9 Jun 2026

Union Minister Ashwini Vaishnaw indicates India may require a new legal framework for Artificial Intelligence, as the current IT law predates AI's rapid emergence. The government aims to balance innovation with regulation, engaging with the industry to ensure citizen safety while fostering technological growth.

Kerala Minister Alleges CPI(M) Conspiracy In ED Attack

Kerala Minister Alleges CPI(M) Conspiracy In ED Attack

Rediff.com27 May 2026

Kerala Home Minister Ramesh Chennithala has condemned the violent attack on Enforcement Directorate (ED) officials' vehicles, alleging a CPI(M) conspiracy to disrupt law and order. He asserted that those involved will face stringent legal action, regardless of their status.

Govt restricts bulk petrol, diesel purchases from retail pumps

Govt restricts bulk petrol, diesel purchases from retail pumps

Rediff.com12 Jun 2026

The Indian government has restricted industrial, commercial, and institutional users from purchasing petrol and diesel from retail petrol pumps, directing them to bulk sale points instead. This move, which can last up to 90 days, aims to address abnormal demand growth and prevent localised shortages caused by a significant price difference between retail and bulk fuel prices.

Ahead of World Cup 2026, Pope Leo XIV throws his support behind team USA

Ahead of World Cup 2026, Pope Leo XIV throws his support behind team USA

Rediff.com7 Jun 2026

Pope Leo may have traded his life in Chicago for the ornate apartments at the Vatican's apostolic palace, but he still plans to root for his old national team at the World Cup this month.

AI171 crash: AAIB issues interim statement, probe continues

AI171 crash: AAIB issues interim statement, probe continues

Rediff.com12 Jun 2026

The Aircraft Accident Investigation Bureau (AAIB) has issued an interim statement on the probe into the Air India AI171 plane crash that killed 260 people last year, confirming that the investigation is ongoing and the final report will be released after all processes are complete.

Stock Markets Today: Sensex, Nifty Decline Amid US-Iran Tensions

Stock Markets Today: Sensex, Nifty Decline Amid US-Iran Tensions

Rediff.com2 Jun 2026

Indian equity benchmark indices Sensex and Nifty declined in early trade, driven by persistent concerns over the unresolved US-Iran situation and continued outflows from foreign institutional investors.

Arjun Tendulkar, Shreyas Light Up Mumbai T20 League

Arjun Tendulkar, Shreyas Light Up Mumbai T20 League

Rediff.com11 Jun 2026

The five standout moments that defined the league stages of the Mumbai T20 league.

Sensex, Nifty Decline on Geopolitical Cues, FII Selling

Sensex, Nifty Decline on Geopolitical Cues, FII Selling

Rediff.com27 May 2026

Indian benchmark indices Sensex and Nifty closed lower for the second consecutive day, driven by investor caution over conflicting geopolitical signals from West Asia and fresh foreign institutional investor (FII) outflows.

India's Services PMI Hits 6-Month High in May Amid Robust Demand

India's Services PMI Hits 6-Month High in May Amid Robust Demand

Rediff.com3 Jun 2026

India's services sector experienced its strongest growth in six months in May, with the HSBC India Services PMI Business Activity Index rising to 59.8. This expansion was driven by healthy demand, new client acquisitions, and improved new business intakes, alongside a softer rise in cost burdens.

India Women Rout Korea; Win Women's Under-18 Asia Cup Hockey Bronze

India Women Rout Korea; Win Women's Under-18 Asia Cup Hockey Bronze

Rediff.com6 Jun 2026

The Indian women's U18 hockey team secured the bronze medal at the Asia Cup, defeating Korea 3-0.

Modi under Cong fire over US statements after killing of Indian seafarers

Modi under Cong fire over US statements after killing of Indian seafarers

Rediff.com14 Jun 2026

The Congress on Sunday lashed out at Prime Minister Narendra Modi over the US' statements after three Indian sailors were killed in American attacks on ships, with party leader Rahul Gandhi saying the "compromised PM" listens "like an obedient servant" and "complies with the orders".

From Rajasthan to record books: Suthar shines on Test debut

From Rajasthan to record books: Suthar shines on Test debut

Rediff.com8 Jun 2026

Manav Suthar starred on Test debut with figures of 6 for 33 as India bowled out Afghanistan for 152 and enforced the follow-on. The Rajasthan spinner registered the second-best bowling figures by an Indian on Test debut.

Sensex, Nifty extend losses as Middle East tensions fuel market uncertainty

Sensex, Nifty extend losses as Middle East tensions fuel market uncertainty

Rediff.com1 Jun 2026

Indian benchmark stock indices, Sensex and Nifty, recorded their fourth consecutive day of declines, driven by selling in FMCG, financial, and auto sectors. The downturn is attributed to fresh tensions in the Middle East, uncertainty surrounding the US-Iran 60-day ceasefire, and elevated crude oil prices.

Sensex tanks 719 points as global cues, surging oil prices weigh on markets

Sensex tanks 719 points as global cues, surging oil prices weigh on markets

Rediff.com8 Jun 2026

Indian benchmark indices Sensex and Nifty experienced a significant slump, with the Sensex tumbling 719.08 points, driven by escalating West Asian tensions, a sharp rise in crude oil prices, and a global sell-off in technology stocks.

Former RCom MD Amitabh Jhunjhunwala In Judicial Custody

Former RCom MD Amitabh Jhunjhunwala In Judicial Custody

Rediff.com5 Jun 2026

Amitabh Jhunjhunwala, former group managing director of Anil Ambani-led Reliance Communications, has been remanded in 14-day judicial custody in an alleged bank loan fraud case. The CBI alleges misutilisation of loan funds, causing significant losses to a consortium of banks led by SBI.

Stock markets today: Sensex, Nifty tank as US-Iran uncertainty, crude oil prices weigh on investor sentiment

Stock markets today: Sensex, Nifty tank as US-Iran uncertainty, crude oil prices weigh on investor sentiment

Rediff.com3 Jun 2026

Indian equity benchmark indices Sensex and Nifty experienced a significant tumble in early trade, with the Sensex tanking nearly 700 points, driven by uncertainty surrounding US-Iran negotiations, a fresh spike in crude oil prices, and persistent foreign fund outflows.

OpenAI, Anthropic Threat For India's IT Majors

OpenAI, Anthropic Threat For India's IT Majors

Rediff.com18 May 2026

OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.

Want To Make India's Heaviest Rocket, LVM3?

Want To Make India's Heaviest Rocket, LVM3?

Rediff.com12 Jun 2026

The EoI comes at a time when ISRO is working to enhance LVM3's payload capacity to five tonnes in GTO and is also evaluating the procurement of a Russian semi-cryogenic engine for the vehicle's second stage.

FMCG firms weigh price hikes as input costs rise

FMCG firms weigh price hikes as input costs rise

Rediff.com6 Apr 2026

Fast-moving consumer goods (FMCG) companies are closely monitoring crude oil prices and considering low single-digit price increases, while consumer durables firms have already begun passing on significant price hikes to consumers due to rising input costs exacerbated by the West Asia conflict.

Unitech Reports Rs 441 Crore Net Loss For March Quarter

Unitech Reports Rs 441 Crore Net Loss For March Quarter

Rediff.com28 May 2026

Realty firm Unitech Ltd reported a consolidated net loss of Rs 441 crore for the quarter ended March 2026, compared to a net loss of Rs 309.95 crore in the year-ago period. The company faces a cash crunch and delays in housing projects, affecting around 22,000 customers.

RBI interest rate decision, US-Iran situation to be key market drivers this week

RBI interest rate decision, US-Iran situation to be key market drivers this week

Rediff.com1 Jun 2026

The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.

'Maybe 21-22%': Iran's missile arsenal reduced to a fraction, claims Trump

'Maybe 21-22%': Iran's missile arsenal reduced to a fraction, claims Trump

Rediff.com6 Jun 2026

US President Donald Trump has claimed that Iran's missile capabilities have been severely degraded, saying Tehran now possesses only a fraction of the arsenal it had before recent hostilities.

UK law firm challenges legality of Hasina's death penalty in Bangladesh

UK law firm challenges legality of Hasina's death penalty in Bangladesh

Rediff.com2 Apr 2026

A leading British law firm has challenged the fairness and legality of the trial and death sentence handed down to deposed Bangladeshi Prime Minister Sheikh Hasina, citing violations of international law and a politically hostile environment.

What Jawaharlal Nehru Did for India

What Jawaharlal Nehru Did for India

Rediff.com16 Jun 2026

Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.