News for 'IT firms'

Geopolitical Tensions, Rising Oil Prices Drag Down Indian IT Stocks

Geopolitical Tensions, Rising Oil Prices Drag Down Indian IT Stocks

Rediff.com8 Sep 2026

Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.

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.

SC rejects Aravalli panel extension, sticks to Nov 30 deadline

SC rejects Aravalli panel extension, sticks to Nov 30 deadline

Rediff.com7 Sep 2026

The Supreme Court has rejected a High-Powered Committee's request for a six-month extension to submit its report on the definition and protection of the Aravalli Hills, directing the panel to submit it by November 30. The court warned of reconstituting the committee if it fails to meet the deadline and emphasised the need for issue-specific interim reports. This decision follows a previous controversy over the Aravalli definition and mining regulations.

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.com4 Sep 2026

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.

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.

Ellora's Magnificent Kailasa Temple

Ellora's Magnificent Kailasa Temple

Rediff.com10 Sep 2026

The magnificent Kailasa temple stands as a testament to ancient Indian engineering and artistic brilliance, carved meticulously from a single mountain.

Symbiotec Pharmalab shares end over 11% higher after flat debut

Symbiotec Pharmalab shares end over 11% higher after flat debut

Rediff.com1 Sep 2026

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.

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

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

Rediff.com2 Sep 2026

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.

Why More Private Invits Are Shifting to Public Listings

Why More Private Invits Are Shifting to Public Listings

Rediff.com7 Sep 2026

At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).

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

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

Rediff.com28 Aug 2026

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

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.

Duleep Trophy Final: Ishan Kishan smashes ton as East Zone dominate Day 1

Duleep Trophy Final: Ishan Kishan smashes ton as East Zone dominate Day 1

Rediff.com6 Sep 2026

Ishan Kishan's unbeaten century put East Zone firmly in control as they ended Day 1 of the Duleep Trophy final on 385/4.

ONGC to spend Rs 1 trillion on deepwater oil exploration

ONGC to spend Rs 1 trillion on deepwater oil exploration

Rediff.com1 Sep 2026

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.

OpenAI Chief Scientist Sounds Alarm On Unchecked AI Progress

OpenAI Chief Scientist Sounds Alarm On Unchecked AI Progress

Rediff.com7 Sep 2026

OpenAI's chief scientist, Jakub Pachocki, has issued a stark warning about the accelerating pace of artificial intelligence, stating that "no one is prepared" for its rapid rise and potential consequences. He highlights concerns over autonomous AI agents taking unintended actions and calls for international coordination, voluntary slowdowns, and robust safety measures to ensure human control and alignment with human values as machine intelligence surpasses human capabilities.

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.

Satwiksairaj And Chirag Shetty Dominate To Enter China Masters Final

Satwiksairaj And Chirag Shetty Dominate To Enter China Masters Final

Rediff.com5 Sep 2026

Indian men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty defeated Malaysia's Nur Mohd Azriyn Ayub and Tan Wee Kiong in a three-game thriller to reach their third China Masters final. The world No. 5 pair showcased tactical brilliance and resilience, overcoming a second-game lapse to secure their spot in the summit clash, where they aim for their second title of the season.

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.

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

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

Rediff.com3 Sep 2026

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.

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.

Stock Markets Today: Sensex, Nifty Decline Amid Rising Crude Oil Prices, West Asia Tensions

Stock Markets Today: Sensex, Nifty Decline Amid Rising Crude Oil Prices, West Asia Tensions

Rediff.com17 Aug 2026

Indian benchmark indices, Sensex and Nifty, saw declines in early trade, influenced by rising crude oil prices and ongoing geopolitical tensions in West Asia. Experts suggest that crude oil remains a primary concern, with Brent holding near USD 88 a barrel due to renewed US warnings against Iran, embedding a geopolitical risk premium in energy markets. Track Sensex, Nifty

Stock Markets Today: Sensex Jumps Over 500 Points, Nifty at 24K

Stock Markets Today: Sensex Jumps Over 500 Points, Nifty at 24K

Rediff.com20 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.

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

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

Rediff.com1 Sep 2026

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.com31 Aug 2026

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.

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 Sep 2026

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.

Mammootty@75: His 10 Best Family Dramas

Mammootty@75: His 10 Best Family Dramas

Rediff.com9 Sep 2026

Mammootty has played the family man through all its shades, and these 10 films prove just how devastatingly good he can be when he brings the tears along with the warmth.

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.

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

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

Rediff.com29 Aug 2026

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'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.

Tata Advanced Systems To Co-Produce Javelin Missiles

Tata Advanced Systems To Co-Produce Javelin Missiles

Rediff.com1 Sep 2026

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.

Indian Duo Satwik-Chirag Storm Into China Masters Final

Indian Duo Satwik-Chirag Storm Into China Masters Final

Rediff.com5 Sep 2026

Indian men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty have advanced to the China Masters final for the third time, overcoming Malaysian opponents Nur Mohd Azriyn Ayub and Tan Wee Kiong in a three-game thriller. The world No. 5 duo, who are playing their second tournament after a break, are now one step away from securing their second title of the season and will face China's He Ji Ting and Ren Xiang Yu in the summit clash.

Mammootty@75: His Top 10 Masala Potboilers

Mammootty@75: His Top 10 Masala Potboilers

Rediff.com8 Sep 2026

We celebrate Mammootty's 75th birthday by revisiting blockbusters that shaped his superstar image without compromising his brilliance as an actor.

Ram Temple Trust: The 5 New Guardians

Ram Temple Trust: The 5 New Guardians

Rediff.com4 Sep 2026

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.

India Rejects Ruling On Indus Waters Treaty

India Rejects Ruling On Indus Waters Treaty

Rediff.com1 Sep 2026

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

RBI's New Data Rules Force Banks, NBFCs to Rework Fintech Partnerships

RBI's New Data Rules Force Banks, NBFCs to Rework Fintech Partnerships

Rediff.com27 Aug 2026

Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.

Can TCS Survive Chandra's Exit?

Can TCS Survive Chandra's Exit?

Rediff.com24 Aug 2026

N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.

Recipe: Satya's Mangalore Mung Sabzi

Recipe: Satya's Mangalore Mung Sabzi

Rediff.com2 Sep 2026

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

JAKSON Group Names Ivan Saha As Managing Director For Solar Business

JAKSON Group Names Ivan Saha As Managing Director For Solar Business

Rediff.com27 Aug 2026

JAKSON Group has appointed Ivan Saha as the Managing Director of its integrated Solar Manufacturing business. Saha, with over 31 years of experience in the semiconductor, solar, and sustainable energy sectors, will oversee technology, operations, and business growth, supporting JAKSON's expansion and backward integration plans in the solar value chain.

Amit Shah Leads Review For India's 2036 Olympics, 2030 CWG Bids

Amit Shah Leads Review For India's 2036 Olympics, 2030 CWG Bids

Rediff.com28 Aug 2026

Home Minister Amit Shah chaired a high-level meeting in Ahmedabad to review India's preparations for hosting the 2030 Commonwealth Games and its bid for the 2036 Olympic Games. The meeting, also attended by Union Sports Minister Mansukh Mandaviya and Gujarat's Deputy CM Harsh Sanghavi, highlighted the government's commitment to establishing India as a global sporting destination. Discussions also covered the 2029 World Police and Fire Games, set to be held in Ahmedabad.

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.

Why Pay Hikes Remain Muted

Why Pay Hikes Remain Muted

Rediff.com31 Aug 2026

Surging growth in sales by companies hasn't translated into higher salaries just yet.