News for 'IT firms'

Private Defence Firms Get DRDO Missile Tech Boost

Private Defence Firms Get DRDO Missile Tech Boost

Rediff.com27 Aug 2026

The move is meant to enhance the operational capability of the armed forces, reduce import dependence and increase domestic value addition.

Foreign Firms' Investment Intensity in India Falls Since FY20: EAC-PM

Foreign Firms' Investment Intensity in India Falls Since FY20: EAC-PM

Rediff.com21 Aug 2026

A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.

Why Are Indian IT Firms Cutting H-1B Applications?

Why Are Indian IT Firms Cutting H-1B Applications?

Rediff.com21 Aug 2026

Indian IT companies have significantly reduced their fresh H-1B visa applications for US FY27, a direct consequence of soaring fees imposed by the Trump administration and new lottery system changes that prioritise higher-salaried employees, leading to a seven-year low in registrations.

Indian IT Firms Spend $1.1 Billion To Strengthen STEM Pipeline In US

Indian IT Firms Spend $1.1 Billion To Strengthen STEM Pipeline In US

Rediff.com26 Aug 2026

Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.

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.

West Asia Disruption Keeps Oil Prices Firm, $100/bbl Risk Looms

West Asia Disruption Keeps Oil Prices Firm, $100/bbl Risk Looms

Rediff.com7 days ago

Oil prices are expected to remain elevated due to disruptions in the Strait of Hormuz, with both the US Energy Information Administration (EIA) and Rabobank International forecasting firm prices and a potential surge above $100 a barrel if disruptions worsen.

Sports Ministry Firm On Asian Games Tennis Selection Criteria

Sports Ministry Firm On Asian Games Tennis Selection Criteria

Rediff.com25 Aug 2026

Five Indian tennis players were excluded from the Asian Games squad because they did not meet the Sports Ministry's stringent international ranking criteria, a decision that has drawn criticism from veteran players like Rohan Bopanna but is being upheld by authorities to maintain administrative integrity.

Market Cap of Five Top Firms Erodes by Rs 1 Lakh Crore; TCS Takes Biggest Hit

Market Cap of Five Top Firms Erodes by Rs 1 Lakh Crore; TCS Takes Biggest Hit

Rediff.com16 Aug 2026

The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.

1st Test: Dinusha's maiden ton gives Sri Lanka hope, but India remain firmly in charge

1st Test: Dinusha's maiden ton gives Sri Lanka hope, but India remain firmly in charge

Rediff.com17 Aug 2026

Sonal Dinusha's maiden Test hundred sparked Sri Lanka's fightback in Galle, but India retained firm control after bowling out the hosts for 284 to secure a 178-run lead.

Indian IT firms see uptick in outcome-based deals driven by AI

Indian IT firms see uptick in outcome-based deals driven by AI

Rediff.com21 Aug 2026

Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.

'Firmly believe Fadnavis will become PM sooner or later': CM's uncle

'Firmly believe Fadnavis will become PM sooner or later': CM's uncle

Rediff.com2 Aug 2026

Maharashtra Chief Minister Devendra Fadnavis' paternal uncle, Balasaheb Fadnavis, expressed his firm belief that his nephew would "sooner or later" become the Prime Minister of India. This statement comes amidst growing speculation about Devendra Fadnavis' potential shift to national politics, especially following recent political developments and claims by Shiv Sena (UBT) leaders.

Mumbai firm get Nadcap nod, boosts aircraft component sourcing from India

Mumbai firm get Nadcap nod, boosts aircraft component sourcing from India

Rediff.com25 Aug 2026

Mumbai-based TCR Engineering Services has become the first independent company in India to receive Nadcap accreditation for materials testing at its Navi Mumbai and Vadodara laboratories, a crucial step for Indian suppliers to enter the global aerospace supply chain.

AI drives demand for flexible office spaces as firms seek agility

AI drives demand for flexible office spaces as firms seek agility

Rediff.com21 Aug 2026

Artificial intelligence (AI) is significantly increasing the demand for flexible office spaces in India, as enterprises prioritise agility, speed-to-market, and struggle with forecasting workforce requirements. AI-native startups are a primary driver, while established companies are adopting 'core-plus-flex' strategies to balance stability with adaptability.

Indian Crypto Firms Applaud CBDT's New Reporting Framework

Indian Crypto Firms Applaud CBDT's New Reporting Framework

Rediff.com28 Jul 2026

Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.

Indian Equities Extend Losses as West Asia Tensions Fuel Oil Price Hike

Indian Equities Extend Losses as West Asia Tensions Fuel Oil Price Hike

Rediff.com2 days ago

Indian stock markets, including the Sensex and Nifty, experienced their third consecutive day of declines, driven by a global selloff, escalating tensions in West Asia, and a subsequent rise in crude oil prices.

Stock Markets Today: Sensex, Nifty Sink on US-Iran Crisis

Stock Markets Today: Sensex, Nifty Sink on US-Iran Crisis

Rediff.com2 days ago

Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring a bearish trend in global equities, as escalating conflict in West Asia drove up crude oil prices and intensified investor concerns.

Hexaware Names Vivek Jetley New CEO To Drive AI Growth

Hexaware Names Vivek Jetley New CEO To Drive AI Growth

Rediff.com2 days ago

Hexaware Technologies has announced Vivek Jetley as its CEO-Designate, succeeding Srikrishna Ramakarthikeyan. Jetley will take over on October 28, 2026, with a mandate to accelerate growth and scale the company's AI-led services globally, leveraging his extensive experience in AI and enterprise transformation.

India Services Growth Cools to 4-Year Low in August

India Services Growth Cools to 4-Year Low in August

Rediff.com1 days ago

India's services activity expanded in August, but the pace of growth cooled to the second-slowest since March 2022, despite stronger output and new business, according to the HSBC India Services PMI Business Activity Index.

AI Skills Drive IT Hiring Surge

AI Skills Drive IT Hiring Surge

Rediff.com2 days ago

Roles that mention AI in software development have grown 138 per cent between Q2 2024 and Q2 2026.

Adani Properties Is India's Fourth Most Valuable Real Estate Firm

Adani Properties Is India's Fourth Most Valuable Real Estate Firm

Rediff.com15 Jul 2026

Adani Properties has emerged as the largest value creator in the 2026 Grohe-Hurun India Real Estate 150, adding Rs 38,000 crore in valuation to become India's fourth-most valuable real estate company, with its valuation rising 72.5 per cent year-on-year to Rs 90,400 crore.

Tata Chemicals Vows to Resolve Outstanding Issues After Kenya's Shutdown Order

Tata Chemicals Vows to Resolve Outstanding Issues After Kenya's Shutdown Order

Rediff.com10 hours ago

Tata Chemicals has stated its commitment to resolving outstanding issues with the Kenyan government after President William Ruto reportedly ordered its subsidiary, Tata Chemicals Magadi Ltd, to cease operations, citing a lack of benefit to citizens.

Stock Markets Today: Sensex, Nifty Gain On Rally In IT Stocks

Stock Markets Today: Sensex, Nifty Gain On Rally In IT Stocks

Rediff.com7 days ago

Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after two days of losses, driven by strong buying in blue-chip IT stocks and a rally in global markets.

Ideology, justice and jujutsu: Rahul's unusual lesson for Cong chiefs

Ideology, justice and jujutsu: Rahul's unusual lesson for Cong chiefs

Rediff.com2 days ago

Congress leader Rahul Gandhi addressed district presidents at a training camp in Nashik, urging them to uphold party ideology and fight for justice. He also demonstrated martial arts and discussed various state issues with senior leaders, while BJP leaders protested his visit.

Tata Elxsi To Power Sarla Aviation's Innovative Shunya Air Taxi

Tata Elxsi To Power Sarla Aviation's Innovative Shunya Air Taxi

Rediff.com3 days ago

Tata Elxsi has partnered with Sarla Aviation to develop the Shunya air taxi platform. Tata Elxsi will provide engineering support for avionics, software integration, and certification, while Sarla Aviation will lead the design and type certification of the electric vertical take-off and landing (VTOL) aircraft.

ITR filing for AY27 touches record 7.8 cr

ITR filing for AY27 touches record 7.8 cr

Rediff.com3 days ago

The Income Tax Department announced a record 7.8 crore Income Tax Returns (ITRs) filed for Assessment Year (AY) 2026-27 by August 31, 2026, surpassing the previous year's figures.

Stock Markets Today: Sensex, Nifty Dip on Renewed West Asia Tensions, rising crude

Stock Markets Today: Sensex, Nifty Dip on Renewed West Asia Tensions, rising crude

Rediff.com4 days ago

Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to renewed tensions in West Asia, which led to a rebound in crude oil prices, coupled with weak global market trends and foreign fund outflows.

Rahul vs Vijay: TN ruling allies at war over 2029 PM candidate

Rahul vs Vijay: TN ruling allies at war over 2029 PM candidate

Rediff.com1 days ago

Ruling TVK legislators are advocating for Tamil Nadu Chief Minister C Joseph Vijay as their Prime Ministerial candidate for the 2029 Lok Sabha polls, a move dismissed by the Congress party which insists on Rahul Gandhi as their choice. This internal conflict within the alliance highlights a growing divide over national political ambitions.

Iran in deep trouble, US military action still on the table: Trump

Iran in deep trouble, US military action still on the table: Trump

Rediff.com7 days ago

US President Donald Trump indicated that American military operations targeting Iran might not have concluded, while firmly rejecting immediate talks with Tehran. He asserted that Iran is facing severe military and economic difficulties and possesses limited capabilities, despite the reopening of the Strait of Hormuz.

Maternity cannot become a source of ignominy at workplace: HC

Maternity cannot become a source of ignominy at workplace: HC

Rediff.com1 days ago

The Delhi High Court has ruled that maternity cannot be a source of ignominy at the workplace, extending statutory protection beyond employment continuity to professional status and career advancement. The court directed a private firm to compensate a woman demoted after maternity leave and urged the Centre to frame comprehensive rules for post-maternity reintegration within six months.

IT companies risk losing ground to AI-native firms: S&P Global

IT companies risk losing ground to AI-native firms: S&P Global

Rediff.com14 Jul 2026

Indian IT service providers face heightened competition from AI-native firms in the next three years, potentially eroding their revenue base unless they remain competitive and protect recurring businesses, according to a report by S&P Global Ratings.

Global headwinds push Indian markets marginally lower as oil prices surge

Global headwinds push Indian markets marginally lower as oil prices surge

Rediff.com3 days ago

Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.

Chinese arms executive held for leaking secrets to two countries

Chinese arms executive held for leaking secrets to two countries

Rediff.com4 days ago

A Chinese military trading company executive has been arrested for allegedly leaking sensitive defence information to intelligence agencies from two countries, China's top spy and anti-espionage agency said on Monday.

Cognizant's Q2 net profit dips, firm slashes annual guidance amid global slowdown

Cognizant's Q2 net profit dips, firm slashes annual guidance amid global slowdown

Rediff.com30 Jul 2026

Cognizant reported a 1.4 per cent year-on-year dip in net profit for the April-June quarter to $636 million, while revenue grew 4.5 per cent to $5.5 billion. The company has also cut the top end of its annual guidance, citing a slowdown in macroeconomic conditions and rising uncertainty.

Runable Raises $21 Million To Expand AI Agent Platform Capabilities

Runable Raises $21 Million To Expand AI Agent Platform Capabilities

Rediff.com26 Aug 2026

AI agent platform Runable has successfully raised $21 million in Series A funding, co-led by Susquehanna Venture Capital and Nexus Venture Partners. The company plans to use these funds to expand its growth capabilities, enhance measurement tools, and scale its Runable Academy, which supports small business owners in building and growing their ventures.

India's Manufacturing PMI Slips to 5-Year Low in August on Weak Demand

India's Manufacturing PMI Slips to 5-Year Low in August on Weak Demand

Rediff.com3 days ago

India's manufacturing sector growth decelerated to a five-year low of 52.8 in August, down from 53.5 in July, as output and new orders moderated due to softer demand conditions, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI).

Nepal: New Lake Raises Fresh Flood Fears

Nepal: New Lake Raises Fresh Flood Fears

Rediff.com6 days ago

This might lead to a further outburst, flooding downstream if left unchecked.

Stock Markets Today: Sensex, Nifty Hit By HDFC Bank, Geopolitical Tensions

Stock Markets Today: Sensex, Nifty Hit By HDFC Bank, Geopolitical Tensions

Rediff.com27 Aug 2026

Indian benchmark indices, Sensex and Nifty, experienced declines in early trading, primarily due to selling pressure on blue-chip HDFC Bank and ongoing geopolitical uncertainties.

Iran hits US base after missile strike on wedding celebration

Iran hits US base after missile strike on wedding celebration

Rediff.com2 days ago

The United States Central Command announced strikes against Iranian military targets, including air defence and communication sites, in retaliation for alleged attacks on commercial shipping and US personnel. However, Iran's Foreign Ministry claims these strikes caused over 50 civilian casualties at a wedding and vowed a firm response. Iran's state media also reported retaliatory ballistic missile and drone attacks on US bases in Jordan and Bahrain, claims which were partially corroborated by Kuwait and Jordan reporting intercepted drones and missiles.

'Bigger Attacks Always Compromise Humans Than Systems'

'Bigger Attacks Always Compromise Humans Than Systems'

Rediff.com26 Aug 2026

Cybersecurity specialists warn AI-driven attacks require continuous threat monitoring instead of periodic security checks.

Stock Markets Today: Sensex, Nifty Open Higher as Crude Prices Drop

Stock Markets Today: Sensex, Nifty Open Higher as Crude Prices Drop

Rediff.com26 Aug 2026

Indian benchmark indices Sensex and Nifty opened higher, driven by a significant drop in crude oil prices and a positive trend in global equities, with foreign fund inflows further bolstering domestic markets.