News for 'IT firms'

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.

Minister Rekha Arya Dismisses Husband's Baseless Corruption Allegations

Minister Rekha Arya Dismisses Husband's Baseless Corruption Allegations

Rediff.com1 days ago

Uttarakhand Minister Rekha Arya has vehemently denied corruption allegations made by her husband, Girdhari Lal Sahu, calling them "100 per cent baseless." Sahu accused her of possessing illegal assets worth Rs 210 crore after Arya filed a complaint against him for domestic violence, harassment, and caste-based slurs. Arya asserted her life is transparent and welcomed any investigation, while also defending her decision to speak out against domestic violence.

Royals Reign Supreme In Archery Premier League

Royals Reign Supreme In Archery Premier League

Rediff.com5 days ago

Title holders Rajputana Royals secured a dominant 6-0 victory over Chero Archers in the Archery Premier League on Tuesday, revitalising their campaign after a slow start. World No. 1 Ella Gibson was a standout performer for the Royals, contributing to their clean sweep and moving them into semifinals contention. The win showcased a strong team performance, including key shots from Sangeeta and Mete Gazoz.

PCBL Subsidiary Launches New Unit For Advanced Battery Materials

PCBL Subsidiary Launches New Unit For Advanced Battery Materials

Rediff.com10 Oct 2026

PCBL Chemical Ltd's subsidiary, Nanovace Technologies Ltd, has formed a new wholly-owned subsidiary, Nanovace Advanced Materials Ltd, to focus on advanced battery materials and next-generation energy storage technologies for various sectors including electric vehicles and consumer electronics.

INDIA bloc's SC march: Nobody can browbeat judiciary, says CJI

INDIA bloc's SC march: Nobody can browbeat judiciary, says CJI

Rediff.com3 days ago

Chief Justice of India Surya Kant asserted that the judiciary cannot be browbeaten, during a hearing on a plea against a political march to the Supreme Court by Rahul Gandhi and other opposition leaders on October 12. The plea alleges an attempt to obstruct the judicial system and seeks a ban on political demonstrations within court premises. The court has issued notices to the leaders and ordered the preservation of CCTV footage from the incident.

Nashik Court Sentences Man To Death For Rape, Murder Of Four-Year-Old

Nashik Court Sentences Man To Death For Rape, Murder Of Four-Year-Old

Rediff.com2 days ago

A fast-track court in Nashik, Maharashtra, has sentenced Vijay Sanjay Khairnar to death for the rape and murder of a four-year-old girl late last year. The court termed the gruesome crime "rarest of the rare" and also ordered Rs 10 lakh financial assistance for the victim's family. The prosecution, led by Ujwal Nikam, relied on circumstantial evidence and witness testimonies to secure the conviction.

Stock Markets Today: Sensex, Nifty Jump on Global Cues

Stock Markets Today: Sensex, Nifty Jump on Global Cues

Rediff.com5 Oct 2026

Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, with the Sensex surging over 700 points, driven by a decline in crude oil prices, easing concerns over Federal Reserve tightening, and the appointment of Anup Bagchi as the new MD and CEO of HDFC Bank.

China opposes India naming 28 strategic locations in Ladakh

China opposes India naming 28 strategic locations in Ladakh

Rediff.com4 days ago

China has voiced strong opposition to India's recent decision to standardise names for 28 strategic locations and geographical features in Ladakh.

Ranji Trophy: Rain, bad light rescue defending champions J&K from defeat against MP

Ranji Trophy: Rain, bad light rescue defending champions J&K from defeat against MP

Rediff.com4 days ago

Defending champions Jammu and Kashmir managed to secure a draw against Madhya Pradesh in their Ranji Trophy Group A opener. Rain and bad light intervened on the final day, preventing Madhya Pradesh from pushing for a victory after J&K were left reeling at 88 for seven chasing 326.

Eugenio Chacarra Dominates DP World India Championship

Eugenio Chacarra Dominates DP World India Championship

Rediff.com4 hours ago

Spanish golfer Eugenio Chacarra won the DP World India Championship by two shots at the Delhi Golf Club, marking his third DP World Tour title of the season and moving him to the top of the Race to Dubai rankings. Anirban Lahiri was the best Indian finisher at tied 23rd, attributing his performance to a lack of competitive golf. Yuvraj Sandhu finished tied 34th, reflecting on his maturing season.

Rajasthan ACB Nabs Middlemen In GST Bribery Scandal

Rajasthan ACB Nabs Middlemen In GST Bribery Scandal

Rediff.com29 Sep 2026

The Rajasthan Anti-Corruption Bureau arrested two middlemen and detained a Central GST superintendent for allegedly demanding and accepting a Rs 25 lakh bribe to settle tax evasion matters and activate a firm's account.

Delhi teen crashes rented Audi into pedestrians, 1 killed

Delhi teen crashes rented Audi into pedestrians, 1 killed

Rediff.com8 Oct 2026

A 17-year-old boy driving a rented Audi car allegedly crashed into three vehicles in southwest Delhi's Kishangarh, resulting in the death of a 45-year-old pedestrian. Police have apprehended the juvenile, seized the vehicles, and are investigating the car rental company for leasing the luxury car to a minor.

Justice Sought For Slain Anti-Drug Activist Parvider Singh Jhota In Mansa

Justice Sought For Slain Anti-Drug Activist Parvider Singh Jhota In Mansa

Rediff.com1 days ago

Anti-drug activist Parvider Singh Jhota was shot dead in Mansa on October 13. His family and supporters are refusing to cremate his body until their demands for justice, including a CBI probe and resignations of top officials, are met. The incident has triggered political protests and condemnation across Punjab, with various leaders visiting the protest site and the SGPC announcing a tribute.

AM Intelligence To Invest Over $20 Billion In AI Data Centres

AM Intelligence To Invest Over $20 Billion In AI Data Centres

Rediff.com5 Oct 2026

AI infrastructure firm AM Intelligence announced plans to invest over USD 20 billion in the next 15 months to significantly expand its data centre capacity, including firm orders for 20,000 NVIDIA Rubin GPUs. This expansion will bring its total capacity to 100 Megawatt initially, with a broader goal of 1 GW of compute-as-a-service capacity globally, establishing it as a major buyer of advanced AI hardware.

India U-17 show fighting spirit to hold Myanmar

India U-17 show fighting spirit to hold Myanmar

Rediff.com4 Oct 2026

The India U17 men's football team played out a 1-1 draw against Myanmar in their first friendly match in Thanlyin. Myanmar took the lead in the first half, but India equalised through a penalty in the second half, despite dominating possession.

Tukaram Mundhe transferred? Maha FDA chief says our fight...

Tukaram Mundhe transferred? Maha FDA chief says our fight...

Rediff.com5 days ago

Maharashtra FDA Commissioner Tukaram Mundhe has clarified that he has not been transferred, dismissing speculation about his removal. He affirmed that the crackdown on unsafe food and substandard drugs will continue, despite recent appointment to an MPSC inquiry committee.

OpenAI India Head On How AI Is Moving Beyond Experiments To Deliver Tangible Business Outcomes

OpenAI India Head On How AI Is Moving Beyond Experiments To Deliver Tangible Business Outcomes

Rediff.com4 days ago

Pragya Misra, OpenAI's head of public policy and strategy for India, stated that the next phase of AI will concentrate on driving measurable outcomes rather than mere experiments. She highlighted examples like Cars24 using AI for customer retention and a healthcare company building its CRM with OpenAI's Codex, demonstrating AI's tangible business impact and cost-saving potential. OpenAI aims for artificial general intelligence (AGI) to benefit all humanity by making AI accessible and addressing enterprise concerns like data residency.

Zheng makes history with China Open title win

Zheng makes history with China Open title win

Rediff.com7 days ago

Olympic champion Zheng Qinwen defeated French Open winner Mirra Andreeva 7-5 6-4 on Sunday to become the first Chinese player to win the China Open. This victory marks Zheng's first WTA 1000 title and her first trophy of the year, following a recovery from an elbow injury.

HCLTech Q2 FY27 Profit Jumps 21% to Rs 5,132 Crore, Driven by Advanced AI Growth

HCLTech Q2 FY27 Profit Jumps 21% to Rs 5,132 Crore, Driven by Advanced AI Growth

Rediff.com6 days ago

HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.

Sensex, Nifty fall for third day on crude prices, FII outflows

Sensex, Nifty fall for third day on crude prices, FII outflows

Rediff.com30 Sep 2026

Indian benchmark indices Sensex and Nifty extended their losses for a third consecutive day, driven by firm crude oil prices, elevated global bond yields, and significant foreign fund outflows, making investors cautious.

Researchers Propose Five Key Actions To Mitigate El Nino's Health Toll

Researchers Propose Five Key Actions To Mitigate El Nino's Health Toll

Rediff.com9 Oct 2026

Researchers have outlined five crucial actions to help the world prepare for a potentially strongest-on-record El Nino, aiming to reduce its severe health consequences like infectious diseases, malnutrition, and heat-related conditions. These recommendations, published in The Lancet, emphasise a comprehensive risk overview and early preparatory measures.

EPL: Manchester City silence Liverpool's home crowd with 3-goal second-half masterclass

EPL: Manchester City silence Liverpool's home crowd with 3-goal second-half masterclass

Rediff.com6 days ago

Manchester City silenced hostile Anfield with a 3-0 win over 10-man Liverpool, as Erling Haaland, Jeremy Doku and Rayan Cherki scored to extend their perfect league start.

Jio Platforms to Reliance Power: A look at India's 10 biggest IPOs

Jio Platforms to Reliance Power: A look at India's 10 biggest IPOs

Rediff.com3 days ago

Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.

One-off Test: Atal frustrates Bangladesh as Afghanistan survive final-day onslaught

One-off Test: Atal frustrates Bangladesh as Afghanistan survive final-day onslaught

Rediff.com4 days ago

Sediqullah Atal's 111 and Qais Ahmad's unbeaten 49, capped by a last-ball six, helped Afghanistan survive 142 overs to force a dramatic draw against Bangladesh.

'Suspension Of PERM May Not Immediately Affect Indian IT Companies'

'Suspension Of PERM May Not Immediately Affect Indian IT Companies'

Rediff.com5 days ago

'...but could demotivate employees seeking US residency.'

1% shareholder is accused, not Parth Pawar with 99%, HC asks govt

1% shareholder is accused, not Parth Pawar with 99%, HC asks govt

Rediff.com1 Oct 2026

The Bombay High Court has orally questioned the Maharashtra government and police regarding Parth Pawar's 99% stake in Amadea Enterprises LLP, which acquired a 40-acre government land parcel in Pune's Mundhwa area at a significantly discounted price. The court highlighted that while a 1% shareholder was accused, the probe was silent on Parth Pawar, son of Deputy CM Sunetra Pawar, despite his majority holding. The controversial deal, involving a Rs 300 crore transaction and alleged stamp duty exemption, has already seen a Pune civil court order the cancellation of the sale deed.

Workday CEO Warns AI Will Overtake Low-Cost, Outsourced Jobs

Workday CEO Warns AI Will Overtake Low-Cost, Outsourced Jobs

Rediff.com3 days ago

Workday, a global HR tech major, has unveiled its new AI platform, Sana, designed to automate human resources and finance functions. Chairman and CEO Aneel Bhusri stated that AI is likely to replace low-cost, outsourced jobs due to increased productivity, rather than leading to jobs moving out of first-world countries. The platform uses AI agents for tasks like payroll and compliance, and Workday has acquired C1.ai to manage access rights for these agents. Bhusri emphasised that AI should augment humans, redefining roles rather than replacing them entirely.

'Unacceptable interference, double standards': India slams UN rights body

'Unacceptable interference, double standards': India slams UN rights body

Rediff.com7 days ago

India firmly dismissed the concerns raised by the United Nations human rights body on Sunday regarding the security measures implemented ahead of the proposed Cockroach Janta Party demonstration in Delhi, branding the remarks as "unwarranted" and an "unacceptable interference" in domestic matters.

Sridhar Vembu Calls Universal Basic Income 'Dystopian'

Sridhar Vembu Calls Universal Basic Income 'Dystopian'

Rediff.com6 days ago

Zoho founder Sridhar Vembu has criticised the concept of Universal Basic Income (UBI), calling it an 'unimaginative and dystopian' vision. He argues that while AI threatens intellectual jobs, humans have endless tasks related to nature, nurture, culture, and spirituality that can provide purpose and sustenance, rejecting the idea of dependency on handouts.

Sensex drops 570 points as foreign funds exit, crude oil prices surge

Sensex drops 570 points as foreign funds exit, crude oil prices surge

Rediff.com1 Oct 2026

Indian benchmark indices, Sensex and Nifty, recorded their fourth consecutive day of losses, driven by relentless foreign institutional investor (FII) outflows, rising bond yields, and a significant surge in crude oil prices, impacting overall investor sentiment.

Why CJI turned down Rahul, Kharge's meeting request

Why CJI turned down Rahul, Kharge's meeting request

Rediff.com6 days ago

Chief Justice of India Surya Kant declined a meeting request from opposition leaders Rahul Gandhi and Mallikarjun Kharge, stating that discussing sub judice matters would violate judicial ethics and the principle of Separation of Powers. He advised them to file a formal petition with the Supreme Court instead of seeking an administrative meeting. The opposition had sought to discuss issues including the Chief Election Commissioner, arrests, and public transport disruptions.

FIFA commercial plan: Infantino's apology fails to satisfy critics demanding reform

FIFA commercial plan: Infantino's apology fails to satisfy critics demanding reform

Rediff.com2 days ago

Gianni Infantino faces mounting scrutiny after apologising over the abandoned FIFA commercialisation proposal, with England and Germany demanding transparency and reform while African officials continue backing his leadership.

Fusion CX Eyes Major Growth With AI, Prepares For IPO

Fusion CX Eyes Major Growth With AI, Prepares For IPO

Rediff.com3 Oct 2026

Customer experience firm Fusion CX is significantly investing in AI-enabled services and data infrastructure, aiming to increase its share in total turnover to 25% within 12-18 months. The company, which reported a turnover of Rs 1,818.13 crore in FY26, is preparing for an IPO of Rs 800-1,000 crore in October, driven by organic growth, acquisitions, and its AI strategy.

Ranji Trophy: Thyagarajann stars as Hyderabad Secure Innings Win Over Tripura

Ranji Trophy: Thyagarajann stars as Hyderabad Secure Innings Win Over Tripura

Rediff.com5 days ago

Hyderabad secured an innings and 40-run victory over Tripura on the third day of their Ranji Trophy 2026-27 Elite Group B match. Pacers Tanay Thyagarajan and Mohammad Siraj led the bowling attack, bundling out Tripura for 120 in their second innings. Hyderabad earned seven points from the match, including a bonus point.

IT Q2 Preview: Muted Growth, Steady Margins Expected Amid AI Deflation

IT Q2 Preview: Muted Growth, Steady Margins Expected Amid AI Deflation

Rediff.com4 Oct 2026

India's leading IT companies are anticipated to report subdued revenue growth and largely stable margins for the July-September quarter, as clients maintain tight discretionary budgets, with analysts closely watching the conversion of strong bookings into revenue and the impact of AI on traditional services.

TCS Reports Strong Q2 Earnings: Net Profit Up 15% to Rs 13,884 Crore

TCS Reports Strong Q2 Earnings: Net Profit Up 15% to Rs 13,884 Crore

Rediff.com8 Oct 2026

Tata Consultancy Services (TCS) announced a 15 per cent increase in net profit, reaching Rs 13,884 crore for the September quarter, driven by an 11.22 per cent rise in revenue from operations.

SC refers Rajpal Yadav's bounced cheque dispute to mediation

SC refers Rajpal Yadav's bounced cheque dispute to mediation

Rediff.com3 days ago

The Supreme Court has referred actor Rajpal Yadav's long-running cheque-dishonour dispute to mediation after he deposited Rs 2 crore with the court's registry. The court also directed the trial court to release his passport for professional commitments abroad. The dispute stems from a 2010 financial agreement for his directorial debut, leading to multiple cheque-bounce cases and a three-month imprisonment sentence upheld by the Delhi High Court.

How LTTS's Six Focus Areas Will Drive Future Revenue Growth

How LTTS's Six Focus Areas Will Drive Future Revenue Growth

Rediff.com6 days ago

L&T Technology Services (LTTS) CEO Amit Chadha announced that artificial intelligence is a net positive for the company, with six key focus areas expected to contribute 80% of revenue in five years. These areas, including digital manufacturing and AI infrastructure, are projected to deliver higher growth and margins, offsetting pricing pressures in traditional IT services. LTTS also inaugurated an NVIDIA-powered AI manufacturing lab in Bengaluru.

Seriously Good Eggs

Seriously Good Eggs

Rediff.com6 days ago

Every time you step into the kitchen it's quite possible to create a version of eggs that's far tastier than the last time you made eggs.

Wipro reports marginal profit dip in Q2, revenue up 9%

Wipro reports marginal profit dip in Q2, revenue up 9%

Rediff.com2 days ago

Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.