News for 'IT sector'

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Rediff.com11 Jul 2026

Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.

ISRO Talent Drain Triggers Government Action

ISRO Talent Drain Triggers Government Action

Rediff.com15 Jul 2026

The Department of Space has directed that requests for voluntary retirement or resignation from Group 'A' Scientific and Technical personnel associated with the prestigious Gaganyaan human spaceflight programme and other important missions should not be accepted as a matter of routine.

Women Owners Employ More Women

Women Owners Employ More Women

Rediff.com14 Jul 2026

In cities where women own a larger share of small businesses, women also account for a larger share of jobs.

Uday Ruddaraju Appointed CTO, Compute At Microsoft-Backed OpenAI

Uday Ruddaraju Appointed CTO, Compute At Microsoft-Backed OpenAI

Rediff.com7 days ago

Indian-origin tech executive Uday Ruddaraju has been appointed Chief Technology Officer, Compute at OpenAI, a year after leaving Elon Musk's xAI. Ruddaraju, an alumnus of Hyderabad's Chaitanya Bharathi Institute of Technology, announced his new role on LinkedIn, highlighting OpenAI's mission to build the world's largest compute footprint for frontier AI.

Indian Hotels Company Set for Strong Growth Driven by Domestic Demand, Acquisitions

Indian Hotels Company Set for Strong Growth Driven by Domestic Demand, Acquisitions

Rediff.com10 Jul 2026

Indian Hotels Company Ltd (IHCL) is expected to benefit from higher room rates, rising occupancy, and strategic acquisitions, with analysts projecting double-digit revenue growth for FY27 driven by strong domestic demand and a favourable demand-supply dynamic.

Restaurants, Multiplexes Eye World Cup Final Windfall

Restaurants, Multiplexes Eye World Cup Final Windfall

Rediff.com18 Jul 2026

Businesses across sectors are positioning themselves to capitalise on the expected surge in demand.

Modi flags off India's first hydrogen train, hails 'Make in India' success

Modi flags off India's first hydrogen train, hails 'Make in India' success

Rediff.com17 Jul 2026

Prime Minister Narendra Modi flagged off India's first hydrogen-powered train connecting Jind to Sonipat in Haryana, marking a significant milestone in the country's journey towards clean and sustainable railway mobility and showcasing the success of the 'Make in India' initiative.

Power Sector Energised by Strong Demand, Capex, Driving Stocks to New Highs

Power Sector Energised by Strong Demand, Capex, Driving Stocks to New Highs

Rediff.com29 May 2026

Shares of power generation-related companies surged on Wednesday, with the BSE Power index hitting a new high of 8,497, driven by strong demand, robust order books, and significant capital expenditure announcements from key players like Hitachi Energy India, Adani Green Energy, and CG Power and Industrial Solutions.

'We can't reach them': Families search for detained CJP protesters

'We can't reach them': Families search for detained CJP protesters

Rediff.com5 days ago

Families of students detained during the Cockroach Janta Party protest in Delhi said they had been unable to contact them for hours and did not know whether any charges had been filed, as concerns mounted over the whereabouts of those detained.

India's Top 100 Brands Hit $253 Billion

India's Top 100 Brands Hit $253 Billion

Rediff.com15 Jul 2026

LIC is the only brand in the Brand Finance India 100 2026 report that has a top five rank in both brand value and brand strength.

HDFC Bank's Workforce Shrinks by 3,343 in FY26 Despite Balance Sheet Expansion

HDFC Bank's Workforce Shrinks by 3,343 in FY26 Despite Balance Sheet Expansion

Rediff.com14 Jul 2026

HDFC Bank, India's largest private sector lender, reported a reduction of 3,343 employees in FY26, bringing its total workforce to 2,11,178, even as its balance sheet expanded by 12 per cent. The bank's MD and CEO, Sashidhar Jagdishan, attributed the headcount reduction to redeploying talent from back-end functions to customer-facing roles due to technology-led efficiencies. The annual report also addressed the challenging resignation of part-time chairman Atanu Chakraborty, which raised questions about the bank's governance standards.

How UPI Is Expanding Its Global Footprint And Securing Digital Payments

How UPI Is Expanding Its Global Footprint And Securing Digital Payments

Rediff.com6 days ago

Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.

Geopolitics, Earnings, Crude Prices Key to Indian Market Movement

Geopolitics, Earnings, Crude Prices Key to Indian Market Movement

Rediff.com13 Jul 2026

Analysts predict that the US-Iran geopolitical conflict, upcoming quarterly earnings announcements, and fluctuations in crude oil prices will be the primary drivers of investor sentiment in the Indian equity markets.

'Stop, these are our sons and daughters': Sonia slams govt

'Stop, these are our sons and daughters': Sonia slams govt

Rediff.com2 days ago

Congress Parliamentary Party chairperson Sonia Gandhi has launched a scathing attack on the Modi government, accusing it of responding to student demands for accountability and educational reforms with 'cowardice and wanton cruelty,' treating them as 'enemies of the nation.' She further alleged that the government has degraded India's education landscape and routinely chooses violence over dialogue.

Sonam Wangchuk writes to govt, offers to end hunger strike if...

Sonam Wangchuk writes to govt, offers to end hunger strike if...

Rediff.com4 days ago

Activist Sonam Wangchuk has stated he will end his indefinite hunger strike if the Centre provides an unequivocal assurance that no punitive or retaliatory action will be taken against students and youth who participated in protests against alleged examination irregularities.

How India's Mining Sector Is Embracing Data-Driven Sustainability

How India's Mining Sector Is Embracing Data-Driven Sustainability

Rediff.com8 May 2026

India's mining sector is shifting from sustainability compliance to a data-driven model focused on long-term performance, driven by evolving ESG regulations and digital compliance, according to a Deloitte-ICC report.

Monsoon Getaways Drive Travel Bookings

Monsoon Getaways Drive Travel Bookings

Rediff.com17 Jul 2026

Popular monsoon destinations include Kerala, Goa, Wayanad, Munnar, Mussoorie, Nainital, Bali, Thailand and the Maldives.

Delhi HC orders restoration of CJP's X handle, revokes govt ban

Delhi HC orders restoration of CJP's X handle, revokes govt ban

Rediff.com7 Jul 2026

The Delhi High Court has ordered the unblocking of the Cockroach Janta Party's X handle, which was previously withheld due to concerns over potential "chaos" during the NEET re-test. The court's decision came after the Solicitor General stated that the primary concern was no longer relevant as the NEET exam was over. The CJP, a youth-driven satirical movement, aims to hold the government accountable and has gained significant digital traction.

152 exam paper leaks in 10 years, zero conviction: Rahul Gandhi

152 exam paper leaks in 10 years, zero conviction: Rahul Gandhi

Rediff.com4 days ago

Congress leader Rahul Gandhi has accused the Modi government of 'destroying' India's education system, expressing full support for protesting students and their demands, including the resignation of Education Minister Dharmendra Pradhan and an apology from Prime Minister Narendra Modi.

Sensex, Nifty Flat as Geopolitical Tensions, Oil Prices Weigh

Sensex, Nifty Flat as Geopolitical Tensions, Oil Prices Weigh

Rediff.com16 Jul 2026

Indian benchmark indices, Sensex and Nifty, closed almost unchanged due to profit-taking in blue-chip stocks, geopolitical uncertainties, fluctuating oil prices, and weak Asian market trends, despite cooling US inflation offering some support.

The India Story Review: Not Brave Enough!

The India Story Review: Not Brave Enough!

Rediff.com3 days ago

The India Story adopts a very soap opera-like approach, piling on ham-fisted melodrama along with plenty of unevenness, sighs Sreeju Sudhakaran

Delhi govt advises 2-day WFH for pvt sector, car pooling

Delhi govt advises 2-day WFH for pvt sector, car pooling

Rediff.com17 May 2026

The Delhi government has advised private companies and organisations to adopt a two-day work-from-home policy, make changes to office timings, and urge employees to avail car pooling and public transport to support the fuel-saving efforts amid global uncertainties.

Indian Students In Canada Face 'Post-Graduation Work Permit' Shock

Indian Students In Canada Face 'Post-Graduation Work Permit' Shock

Rediff.com4 days ago

For hundreds of Indian scholars who journeyed to Canada aiming for a foreign degree and a path toward long-term career opportunities, what should have been a triumphant graduation has instead spiralled into deep uncertainty.

CJP alleges police brutality during Parl march, vows to continue protest

CJP alleges police brutality during Parl march, vows to continue protest

Rediff.com6 days ago

The Cockroach Janta Party (CJP) on Monday accused the Delhi Police of using excessive force against protesters during its "Sansad Chalo" march, alleging that several students were injured and Sonam Wangchuk's wife, Gitanjali J Angmo, was pushed around, as the outfit continued its protest with a sit-in near Kerala House, after police dismantled the stage at Jantar Mantar.

How Maharashtra Plans To Lead India In Quantum Technology

How Maharashtra Plans To Lead India In Quantum Technology

Rediff.com17 Jul 2026

Maharashtra Chief Minister Devendra Fadnavis announced the state's ambition to become India's leader in quantum technology. The state plans to build a robust ecosystem, align with the National Quantum Mission, and train over 5,000 professionals, recognising AI, semiconductors, and quantum tech as key pillars for future growth and global competitiveness.

Sonam Wangchuk seeks temporary discharge from Safdarjung to join Parl march

Sonam Wangchuk seeks temporary discharge from Safdarjung to join Parl march

Rediff.com6 days ago

Activist Sonam Wangchuk's vital parameters are stable, but his blood parameters require close clinical observation at Safdarjung Hospital. He is under continuous medical management by a multidisciplinary team following his forcible admission after a 21-day hunger strike protesting NEET irregularities.

Most Agriculture Ministers Hated Varghese Kurien

Most Agriculture Ministers Hated Varghese Kurien

Rediff.com18 Jul 2026

At a function in Anand, ministers and the chief minister all in attendance, Varghese Kurien called the IAS lobby termites.

Trump presses Netanyahu to withdraw troops from Syria, Lebanon

Trump presses Netanyahu to withdraw troops from Syria, Lebanon

Rediff.com15 Jul 2026

US President Donald Trump has reportedly urged Israeli Prime Minister Benjamin Netanyahu to withdraw Israeli military units from southern Syria and Lebanon, warning that Israel's continued presence could escalate regional tensions.

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Rediff.com3 Jul 2026

Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.

Manufacturing lifts pvt sector activity in April

Manufacturing lifts pvt sector activity in April

Rediff.com24 Apr 2026

India's private sector activity saw a significant recovery in April, driven primarily by robust growth in manufacturing output and sales, following a three-year low in March attributed to the West Asia conflict.

Tech Mahindra's Q1 Net Profit Surges 28.4% to Rs 1,465 Crore, Signals Strong Demand

Tech Mahindra's Q1 Net Profit Surges 28.4% to Rs 1,465 Crore, Signals Strong Demand

Rediff.com16 Jul 2026

IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.

Ahead of Monday's Parl march, Dipke urges supporters to throng Jantar Mantar

Ahead of Monday's Parl march, Dipke urges supporters to throng Jantar Mantar

Rediff.com7 days ago

Cockroach Janta Party (CJP) founder Abhijeet Dipke on Sunday urged its supporters to gather at the Jantar Mantar in large numbers ahead of its proposed 'Sansad Chalo' march on Monday, claiming that there could be a police crackdown on the protest.

Stock Markets Today: Sensex, Nifty Climb on IT Stocks' Rally

Stock Markets Today: Sensex, Nifty Climb on IT Stocks' Rally

Rediff.com16 Jul 2026

Indian benchmark indices, Sensex and Nifty, saw early gains, primarily driven by IT stocks, amidst expectations of a less aggressive monetary policy from the US Federal Reserve following softer inflation data. Global market trends and upcoming Q1 results are also influencing investor sentiment. Track Sensex, Nifty on july 16.

US senators name India in sweeping Russia sanctions bill

US senators name India in sweeping Russia sanctions bill

Rediff.com15 Jul 2026

A bipartisan group of US senators has introduced a comprehensive bill imposing extensive sanctions on Russia, with India identified as one of five countries that could incur tariffs for its continued purchase of Russian oil.

Now, Get Your Salary Before 7th A Comprehensive Guide to Employee Rights

Now, Get Your Salary Before 7th A Comprehensive Guide to Employee Rights

Rediff.com4 days ago

India's Code on Wages mandates strict payout deadlines, two-day full and final settlements, universal wage coverage and capped deductions to safeguard employees and enhance payroll transparency nationwide.

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Rediff.com10 Jul 2026

Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.

Google selects 20 Indian AI startups for 2026 accelerator programme

Google selects 20 Indian AI startups for 2026 accelerator programme

Rediff.com9 Jul 2026

Global technology giant Google has announced the selection of 20 Indian AI startups for its 2026 Google for Startups Accelerator programme, marking the 10th anniversary of its accelerator initiatives.

India's services sector growth hits 5-month high in April

India's services sector growth hits 5-month high in April

Rediff.com6 May 2026

India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.

'Is It A Demographic Curse?'

'Is It A Demographic Curse?'

Rediff.com8 Jul 2026

'The main problem the country faces is not low GDP growth, but low employment growth.'

NITI Aayog's Vision For India's Bioeconomy Growth

NITI Aayog's Vision For India's Bioeconomy Growth

Rediff.com16 Jul 2026

A NITI Aayog report outlines India's potential to scale its bioeconomy to USD 691 billion by 2035 and USD 2.6 trillion by 2047, creating over 30 million high-value jobs. The report stresses the need for coordinated national execution, regulatory reforms, a strengthened talent pipeline, and a significant BioEconomy Growth Fund to achieve this vision, positioning India among the top biotechnology powers globally.