News for 'IT firms'

Sensex Jumps 331 Points as IT Stocks Lead Market Rebound

Sensex Jumps 331 Points as IT Stocks Lead Market Rebound

Rediff.com7 days ago

Indian benchmark equity indices, Sensex and Nifty, rebounded after a two-day losing streak, driven by strong buying in blue-chip IT stocks and positive global market cues, with the Sensex climbing 330.92 points.

GDP data, crude oil prices, US jobs report to dictate market trends

GDP data, crude oil prices, US jobs report to dictate market trends

Rediff.com5 days ago

Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.

Tiafoe Keeps American Hopes Of Men's Champion Alive At US Open

Tiafoe Keeps American Hopes Of Men's Champion Alive At US Open

Rediff.com1 days ago

American tennis star Frances Tiafoe defeated Japanese qualifier Rei Sakamoto in straight sets (6-3, 7-6(2), 7-5) to secure his spot in the third round of the U.S. Open. Tiafoe, a leading American contender, is aiming to end a 23-year drought for a home men's champion at the tournament, feeding off the energy of the partisan crowd.

Sensex tanks 539 points, Nifty drops below 24,100 on HDFC Bank, geopolitical woes

Sensex tanks 539 points, Nifty drops below 24,100 on HDFC Bank, geopolitical woes

Rediff.com27 Aug 2026

Indian benchmark indices, Sensex and Nifty, experienced a sharp decline at the close of trade, with the Sensex dropping 539 points and the Nifty falling below 24,100, primarily due to selling pressure in HDFC Bank and ongoing geopolitical uncertainties.

Chirag Paswan rejects 'elder brother' claim by Swatantra Bhardwaj

Chirag Paswan rejects 'elder brother' claim by Swatantra Bhardwaj

Rediff.com6 hours ago

Union Minister Chirag Paswan has pledged to ensure justice for Nishu Azad's father, who was severely injured during protests at Jantar Mantar. Paswan has filed a formal complaint against Hindutva influencer Swatantra Bhardwaj, who allegedly assaulted Azad's father and boasted about it, claiming political connections. Bhardwaj has since been detained. Paswan also called for an investigation into molestation allegations against a state minister from his party.

'Dhoni told me that he won't play as Impact Player in IPL 2027'

'Dhoni told me that he won't play as Impact Player in IPL 2027'

Rediff.com1 days ago

Mahendra Singh Dhoni has reportedly informed Subramaniam Badrinath that he will not play as an Impact Player in the IPL, preferring to continue as a full-time wicketkeeper if he plays.

Semwal, Rathi Advance In Maharashtra State Open Squash

Semwal, Rathi Advance In Maharashtra State Open Squash

Rediff.com6 days ago

Top seed Om Semwal outplayed Vir Beri, while Aarav Rathi also secured an easy victory in their respective matches at the 49th Bombay Gymkhana Maharashtra State Open Squash Tournament, advancing to the next rounds.

Stock Markets Today: Sensex, Nifty Dip Amid US-Iran Standoff, High Crude Prices

Stock Markets Today: Sensex, Nifty Dip Amid US-Iran Standoff, High Crude Prices

Rediff.com25 Aug 2026

Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the escalating US-Iran standoff and persistently high crude oil prices, with experts predicting increased volatility.

Government Bats On Front Foot For Defence Exports

Government Bats On Front Foot For Defence Exports

Rediff.com4 days ago

The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.

Why Sindarov Is Delaying World Championship Preparations

Why Sindarov Is Delaying World Championship Preparations

Rediff.com14 hours ago

Uzbek chess prodigy Javokhir Sindarov, set to challenge D Gukesh for the world crown, reveals he will only begin preparations for the highly anticipated match after competing in the Global Chess League and the Chess Olympiad this month, maintaining focus on immediate tournaments.

Indian Equities Extend Losing Streak as Sensex Tumbles 417 Points

Indian Equities Extend Losing Streak as Sensex Tumbles 417 Points

Rediff.com1 days ago

Indian benchmark equity indices extended their losing streak for a fourth consecutive day, with the Sensex tumbling 417 points due to rising crude oil prices and a significant sell-off in IT stocks, impacting overall investor sentiment.

OpenAI launches GPT-6 Astra, calls it 'world's most intelligent' AI model

OpenAI launches GPT-6 Astra, calls it 'world's most intelligent' AI model

Rediff.com15 hours ago

OpenAI has officially launched GPT-6 Astra, hailed as 'the world's most intelligent and aligned model,' designed to excel in computer browsing, software engineering, mathematics, and enterprise workflows, with immediate deployment for select organisations.

US Open Photos: Khachanov overwhelms third seed Auger-Aliassime after dramatic turnaround

US Open Photos: Khachanov overwhelms third seed Auger-Aliassime after dramatic turnaround

Rediff.com1 days ago

Karen Khachanov stunned third seed Felix Auger-Aliassime after losing the opening-set tiebreak, dominating the next three sets with powerful serving and relentless pressure to reach round three.

Federer makes emotional return to Flushing Meadows for US Open exhibition

Federer makes emotional return to Flushing Meadows for US Open exhibition

Rediff.com25 Aug 2026

Tennis legend Roger Federer is set to make an emotional return to Flushing Meadows for an exhibition event, providing a long-awaited farewell to his fans at the US Open, an event he once dominated with five consecutive wins.

OpenAI, Anthropic, Google Launch Advanced AI; Astra Sparks Monitoring Concerns

OpenAI, Anthropic, Google Launch Advanced AI; Astra Sparks Monitoring Concerns

Rediff.com2 days ago

OpenAI, Anthropic, and Google have introduced new AI models with enhanced capabilities. OpenAI's Astra model, achieving a 'Critical' cybersecurity tier, has ignited a debate among researchers due to its "recurrent depth" architecture, which some fear makes its reasoning harder to monitor. Anthropic and Google also released new models, focusing on coding, scientific research, and cybersecurity, alongside new image and video AI tools.

Haryana clinch 16th Junior Women's National Hockey Championship

Haryana clinch 16th Junior Women's National Hockey Championship

Rediff.com23 Aug 2026

Haryana defeated Jharkhand 2-1 to win the 16th Hockey India Junior Women National Championship. Madhya Pradesh secured third place by beating Chhattisgarh 3-1 in the bronze medal match. Haryana made a strong comeback after conceding an early goal, with Bhavya and Khushi scoring to secure their victory.

Symbiotec Pharmalab shares end over 11% higher after flat debut

Symbiotec Pharmalab shares end over 11% higher after flat debut

Rediff.com3 days ago

Shares of Symbiotec Pharmalab Ltd, a pharma and biotech company, made a muted market debut, listing nearly 1 per cent lower on the BSE against its issue price of Rs 988, but later recovered to trade higher.

Atletico Madrid CEO: Julian Alvarez will 'never, ever' be sold to Barcelona

Atletico Madrid CEO: Julian Alvarez will 'never, ever' be sold to Barcelona

Rediff.com7 days ago

Atletico Madrid chief executive Miguel Angel Gil Marin has vehemently rejected Barcelona's attempts to sign Julian Alvarez, accusing the Catalan club of dishonesty and stating that the Argentine forward will 'never, ever' be sold to them. This comes after Barcelona's president expressed continued interest in Alvarez.

Recipe: Chocolate Hazelnut Bark

Recipe: Chocolate Hazelnut Bark

Rediff.com27 Aug 2026

A sweet treat that pairs the smooth flavour of chocolate with the crunchy texture of hazelnuts.

ONGC to spend Rs 1 trillion on deepwater oil exploration

ONGC to spend Rs 1 trillion on deepwater oil exploration

Rediff.com3 days ago

State-run ONGC plans a massive Rs 1 trillion investment in deepwater exploration over the next five years, aiming to drill 87 wells to counter declining domestic crude oil and natural gas production. The company is also establishing a trading firm and its overseas arm, OVL, is pursuing operatorship of assets in Venezuela.

Stock Markets Today: Sensex, Nifty Gain on Bank Stocks, Global Cues

Stock Markets Today: Sensex, Nifty Gain on Bank Stocks, Global Cues

Rediff.com1 days ago

Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after a three-day slide, driven by strong buying in blue-chip bank stocks and a firm trend in global markets, supported by easing US bond yields and record foreign-currency deposit inflows.

Sensex, Nifty Recover Losses as Crude Oil Drops Below $90 a Barrel

Sensex, Nifty Recover Losses as Crude Oil Drops Below $90 a Barrel

Rediff.com25 Aug 2026

Indian benchmark indices, Sensex and Nifty, recovered intraday losses to close higher, driven by late-day buying and a significant decline in Brent crude oil prices, which fell 3 per cent to USD 89.32 per barrel.

AI Effect: 'Nearly 3 Million Jobs Are At Risk In India'

AI Effect: 'Nearly 3 Million Jobs Are At Risk In India'

Rediff.com7 days ago

In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.

Indian Equities Decline as Profit-Taking Hits IT, FMCG Stocks

Indian Equities Decline as Profit-Taking Hits IT, FMCG Stocks

Rediff.com26 Aug 2026

Indian benchmark indices, Sensex and Nifty, closed lower on Wednesday, reversing early gains due to profit-taking and weakness in sectors like IT, FMCG, and consumer durables, despite support from lower crude oil prices.

How Cashfree Payments Achieved Significant Loss Reduction And Revenue Growth In FY26

How Cashfree Payments Achieved Significant Loss Reduction And Revenue Growth In FY26

Rediff.com20 Aug 2026

Fintech company Cashfree Payments India Private Limited has significantly reduced its consolidated net losses to Rs 118.5 crore in FY26 from Rs 154 crore in FY25. The firm also saw a substantial revenue growth of over 51 per cent, reaching Rs 967.4 crore. Co-founder & CEO Akash Sinha highlighted achieving EBITDA profitability in March 2026 and outlined plans for full-year profitability in FY27, driven by growth in SMB and cross-border payments.

India on brink of series sweep despite Sri Lanka's brief fightback

India on brink of series sweep despite Sri Lanka's brief fightback

Rediff.com26 Aug 2026

India is on the verge of a comprehensive series-sweeping victory against Sri Lanka in the second and final Test, despite a defiant 115-run partnership between Pasindu Sooriyabandara (92) and Kamindu Mendis (55) in Sri Lanka's follow-on innings.

Jolt to Owaisi as close aide quits AIMIM, joins Cong ahead of UP polls

Jolt to Owaisi as close aide quits AIMIM, joins Cong ahead of UP polls

Rediff.com2 days ago

AIMIM national spokesperson Syed Asim Waqar has joined the Congress party, criticising his former party for allegedly fighting opposition parties instead of the BJP. Waqar stated that the AIMIM's actions on the ground contradict its stated goal of removing the BJP, suggesting it inadvertently aids the ruling party.

Stock Markets Today: Sensex, Nifty Ride on Blue-chip Stocks

Stock Markets Today: Sensex, Nifty Ride on Blue-chip Stocks

Rediff.com24 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, opened higher on Monday, driven by strong buying in blue-chip stocks like HDFC Bank and Infosys, despite persistent geopolitical tensions and elevated crude oil prices.

Elon Musk's SpaceX To Build Foundry For Gas Turbine Blades

Elon Musk's SpaceX To Build Foundry For Gas Turbine Blades

Rediff.com3 days ago

SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.

Indian Stocks Fall as West Asia Tensions Push Crude Oil Higher

Indian Stocks Fall as West Asia Tensions Push Crude Oil Higher

Rediff.com4 days ago

Indian stock markets closed lower due to selling in IT and FMCG shares, triggered by renewed tensions in West Asia which led to a rally in crude oil prices and concerns over inflation and interest rates.

Tata Advanced Systems To Co-Produce Javelin Missiles

Tata Advanced Systems To Co-Produce Javelin Missiles

Rediff.com3 days ago

The proposed arrangement would involve sub-assembly kits produced at Lockheed Martin's facility in Troy, Alabama, and guidance electronics units manufactured at Raytheon's facility in Tucson, Arizona, being shipped to India for final assembly and integration.

Ram Temple Trust: The 5 New Guardians

Ram Temple Trust: The 5 New Guardians

Rediff.com21 hours ago

The Shri Ram Janmabhoomi Teerth Kshetra Trust has appointed a new leadership team, including retired Air Marshal Jeetendra Mishra as CEO, Ayodhya lawyer Madan Mohan Pandey as trustee, Delhi businessman Mahesh Bhagchandka as treasurer, and Dr Nirmala Yadav as the first woman trustee, to address allegations of theft and improve administration and devotee facilities.

Back-Nine Collapse Halts Akshay Bhatia's Charge At Tour Championship

Back-Nine Collapse Halts Akshay Bhatia's Charge At Tour Championship

Rediff.com6 days ago

Indian-American golfer Akshay Bhatia experienced a significant setback during the second round of the Tour Championship, with a back-nine collapse causing him to drop to tied 11th. Despite an impressive start, bogeys and a double bogey halted his charge, though he remains in contention.

India Rejects Ruling On Indus Waters Treaty

India Rejects Ruling On Indus Waters Treaty

Rediff.com3 days ago

India said the Hague-based Court of Arbitration has no jurisdiction over its sovereign decisions on the Indus Waters Treaty.

Recipe: Satya's Mangalore Mung Sabzi

Recipe: Satya's Mangalore Mung Sabzi

Rediff.com2 days ago

A simple and extremely nourishing lentil like whole green mung finds its voice in a Mangalore-style prep.

Geopolitical jitters, Iran sanctions weigh on Indian equities

Geopolitical jitters, Iran sanctions weigh on Indian equities

Rediff.com24 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, closed lower due to persistent geopolitical tensions in the Middle East and elevated crude oil prices, with investors remaining cautious ahead of fresh US sanctions on Iran.

India's Asian Games 2026 cricket schedule: Men start Sept 28, women Sept 18

India's Asian Games 2026 cricket schedule: Men start Sept 28, women Sept 18

Rediff.com26 Aug 2026

India's men's and women's cricket teams are set to begin their Asian Games campaigns in Japan, both seeded directly into the quarterfinals. The teams, led by Shreyas Iyer and Harmanpreet Kaur respectively, are strong contenders for gold, having dominated the previous edition. The women's final is on September 22, and the men's on October 3.

BCCI Review Meeting: Gill, Gambhir, Agarkar discuss Rohit Sharma's ODI Future

BCCI Review Meeting: Gill, Gambhir, Agarkar discuss Rohit Sharma's ODI Future

Rediff.com1 days ago

Rohit Sharma's ODI future was a major point of discussion during the review meeting, while also considering the recent fitness woes of key players like Jasprit Bumrah and Hardik Pandya.

Indian Equities End Flat as High Crude Prices, US Yields Cap Gains

Indian Equities End Flat as High Crude Prices, US Yields Cap Gains

Rediff.com21 Aug 2026

Indian benchmark indices, Sensex and Nifty, closed flat on Friday, with elevated crude oil prices due to geopolitical uncertainties and a rebound in US Treasury yields making investors cautious and preventing a decisive market rally.

Irdai's crackdown on insurer operating costs signals stricter compliance

Irdai's crackdown on insurer operating costs signals stricter compliance

Rediff.com24 Aug 2026

The Insurance Regulatory and Development Authority of India's (Irdai) recent actions against insurers for breaching expense of management (EoM) limits indicate a serious commitment to enforcing operating and distribution cost controls, according to industry experts.