News for 'Indian Revenue Service'

GST Effect: IPL Tickets Get Costlier!

GST Effect: IPL Tickets Get Costlier!

Rediff.com4 Sep 2025

Indian cricket fans, who love turning up for IPL matches across the country, will have to shell out more for tickets next season with government raising the Goods and Services Tax.

No AGR relief for Vodafone Idea: MoS Telecom

No AGR relief for Vodafone Idea: MoS Telecom

Rediff.com25 Aug 2025

The telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, Minister of State for Communications Chandra Sekhar Pemmasani said on Monday. "We have recently converted a lot of their debt into equity.

Do You Know Aamir Khan's Super Plan?

Do You Know Aamir Khan's Super Plan?

Rediff.com20 Aug 2025

At 8,700 screens, India, the world's largest film producing country, has just six screens for every million of its people, compared to 125 in the US and 30 in China. With Sitaare Zameen Par, Aamir Khan hopes to expand the market for Indian cinema.

Beverage firms seek removal of 'sin good' tag

Beverage firms seek removal of 'sin good' tag

Rediff.com28 Aug 2025

Amid the impending rejig in the goods and services tax (GST) rates, an association representing the country's beverages industry has appealed to the Centre to not classify aerated beverages as sin/demerit good and bring it under the 18 per cent slab while citing their "mass consumption" as a reason.

India Inc growth stuck in slow lane; core earnings shrink in Q1FY26

India Inc growth stuck in slow lane; core earnings shrink in Q1FY26

Rediff.com25 Aug 2025

The more things change, the more they remain the same for corporate India. In the April-June 2025 period (Q1FY26) - for the ninth consecutive quarter - listed companies witnessed only single-digit revenue growth, while their core earnings, excluding other income and one-time gains, contracted for the second time in four quarters. This comes as firms brace for the impact of 50 per cent US tariff on Indian goods.

Musk's Starlink Can Only Target 2M Users

Musk's Starlink Can Only Target 2M Users

Rediff.com29 Jul 2025

... with a maximum speed of 200 megabits per second (mbps) across the country for Rs 3,000 per month.

'India Is Critical Hub For GlobalLogic's Operations'

'India Is Critical Hub For GlobalLogic's Operations'

Rediff.com30 Aug 2025

'The scale and depth of talent here plays a central role in core software product engineering for some of the biggest brands in tech.'

Amazon, Flipkart showcase GST deals as festival shopping begins

Amazon, Flipkart showcase GST deals as festival shopping begins

Rediff.com23 Sep 2025

Amazon India unveiled a dedicated marketplace section highlighting products with reduced tax burdens as the goods and services tax (GST) restructuring took effect on September 22, positioning the ecommerce giant to capitalise on lower consumer prices across electronics, appliances, and other categories. Its rival Flipkart, too, has rolled out its own GST-focused storefront, the GST Bachat Utsav, aimed at helping shoppers maximise benefits from the new tax rates across multiple categories.

H1B Visa Hike: Come Back Home, Say Experts

H1B Visa Hike: Come Back Home, Say Experts

Rediff.com24 Sep 2025

'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'

'My God, The Number Of Meetings We Had On GST!'

'My God, The Number Of Meetings We Had On GST!'

Rediff.com22 Sep 2025

'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'

Aiming to list Jio in first half of 2026: Mukesh Ambani

Aiming to list Jio in first half of 2026: Mukesh Ambani

Rediff.com29 Aug 2025

Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.

Co-location could be BSE's next big revenue driver

Co-location could be BSE's next big revenue driver

Rediff.com24 Jan 2025

Co-location attracts institutional investors, which drives volumes for long-dated options, with higher realisations at lower costs.

Railways plan to carry 45 pc of national cargo by 2030

Railways plan to carry 45 pc of national cargo by 2030

Rediff.com22 Jul 2025

Experts say Indian Railways must grow its share in the freight market to remain financially sustainable.

Can India find new sponsor ahead of Asia Cup?

Can India find new sponsor ahead of Asia Cup?

Rediff.com25 Aug 2025

'It is a process that takes a certain amount of time and needs to be done keeping legal modalities in mind.'

'Congress Must Expose Shashi Tharoor's Lies'

'Congress Must Expose Shashi Tharoor's Lies'

Rediff.com29 May 2025

'Shashi Tharoor is destroying the history of India.' 'He is distorting facts about the Congress party.'

Revenue Secretary Sanjay Malhotra to be next RBI Governor

Revenue Secretary Sanjay Malhotra to be next RBI Governor

Rediff.com9 Dec 2024

The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024).

Will GST 2.0 Fix Deeper Weaknesses?

Will GST 2.0 Fix Deeper Weaknesses?

Rediff.com3 Sep 2025

GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.

From TCS to Wipro, India's top IT companies a gravy train for shareholders

From TCS to Wipro, India's top IT companies a gravy train for shareholders

Rediff.com13 Aug 2025

India's top information- technology (IT) services companies, all cash-rich, have been tightfisted about ploughing back their earnings in new projects or acquisitions and the bulk of the profits have been distributed to shareholders through dividend and share buybacks. In the past 10 years (that is, excluding the current one), the firms have reinvested in growth and expansion only around 13.5 per cent of the cash flow generated from their operations.

GST 2.0: What Is Taxed, What Is Exempted

GST 2.0: What Is Taxed, What Is Exempted

Rediff.com4 Sep 2025

The GST Council on Wednesday approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22.

RMG Cos Stunned By Ban Bill

RMG Cos Stunned By Ban Bill

Rediff.com21 Aug 2025

What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Rediff.com8 May 2025

Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.

How To Get Hired By India's $68 Bn GCCs

How To Get Hired By India's $68 Bn GCCs

Rediff.com17 Sep 2025

'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'

Casual Gaming To Gain From RMG Ban

Casual Gaming To Gain From RMG Ban

Rediff.com22 Aug 2025

'There is responsibility to make great games that are played by audiences, that fill the gap from an entertainment perspective.'

'Markets Remain Far From 2024 Euphoria'

'Markets Remain Far From 2024 Euphoria'

Rediff.com5 Sep 2025

'A balanced portfolio mix of domestic and international equity, fixed income, and precious metals is recommended.'

India Inc revenue growth in Q2 likely slowest in 4 years

India Inc revenue growth in Q2 likely slowest in 4 years

Rediff.com25 Oct 2024

The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.

Generic industry unlikely to be affected by Trump's EO: Indian drug cos

Generic industry unlikely to be affected by Trump's EO: Indian drug cos

Rediff.com14 May 2025

A fresh US executive order (EO) which seeks to bring down prices of prescription drugs in the country by up to 90 per cent -- on par with other developed nations -- will affect innovator companies, while sparing the Indian generic drug makers in the short term. US President Donald Trump signed the EO on Monday, directing the US Trade Representative and the Secretary of Commerce to act against foreign countries that "purposefully and unfairly undercut market prices", driving price hikes in the US.

Three Mega IPOs Set To Rewrite India Inc Story In 2026

Three Mega IPOs Set To Rewrite India Inc Story In 2026

Rediff.com10 Sep 2025

IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.

'India is fastest growing market for SME segment'

'India is fastest growing market for SME segment'

Rediff.com21 Jul 2025

'India is a big market for StanC, and it is also fastest growing economy in the world.'

Indian IT sector staring at 2nd straight year of muted revenue growth: Crisil

Indian IT sector staring at 2nd straight year of muted revenue growth: Crisil

Rediff.com24 Apr 2024

The Indian IT services sector is staring at a second consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, a domestic rating agency said on Wednesday. Crisil Ratings said it expects the sector to grow at 5-7 per cent in FY25, after a growth of 6 per cent estimated to have been achieved in FY24. The overall industry size is pegged at $250 billion and it creates over 50 lakh direct jobs.

LS passes Bill to ban online money games, proposes 3-yr jail, Rs 1 cr fine

LS passes Bill to ban online money games, proposes 3-yr jail, Rs 1 cr fine

Rediff.com20 Aug 2025

The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.

The Real Reason For The TCS Layoffs

The Real Reason For The TCS Layoffs

Rediff.com5 Aug 2025

While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.

250,000 AI 'Experts' At India's IT Firms

250,000 AI 'Experts' At India's IT Firms

Rediff.com30 Jul 2025

'Advanced skills is such a broad spectrum that a simple prompt engineer to a critical upper end LLM developer are clubbed under one.' 'In addition, some include their non-technical employees who can use AI tools under this talent base.'

Next-Gen GST a step towards single tax slab

Next-Gen GST a step towards single tax slab

Rediff.com17 Aug 2025

The proposed 'Next Gen GST' with sweeping reforms, lower tax rates, and just two slabs, aims to boost the economy amid tariff threats and set the stage for a single tax rate regime by the time India becomes a developed nation, government sources said.

Trump's Tariffs: 3 Million Tamil Nadu Jobs At Risk

Trump's Tariffs: 3 Million Tamil Nadu Jobs At Risk

Rediff.com26 Aug 2025

The textile and apparel sector is India's second-largest employment provider, after agriculture, and it is now caught in a wave of uncertainty following the Donald Trump administration's tariff policy.

Hindi Cinema's New Mogul

Hindi Cinema's New Mogul

Rediff.com9 Sep 2025

'We don't make films for profit and that's exactly why profit follows.'

Time To Tackle The Digital Fraud Surge

Time To Tackle The Digital Fraud Surge

Rediff.com14 Aug 2025

We propose an expert group be set up to form a national strategy on digital fraud. This group would bring together skills in financial regulation, security economics, cyber defence, and public communications, and an understanding of the Indian financial and security systems. It should lay the foundations of a coordinated approach by the Indian State in fighting digital fraud, suggest Ajay Shah and Nandkumar Saravade.

Ambani family wealth is double that of Adani's at Rs 28 lakh cr: Report

Ambani family wealth is double that of Adani's at Rs 28 lakh cr: Report

Rediff.com12 Aug 2025

The Ambani family, headed by billionaire Mukesh Ambani, possesses a wealth of Rs 28 lakh crore, more than double that of the Adani family at Rs 14.01 lakh crore, a report said on Tuesday. The 300 most valuable Indian families have a wealth of over $1.6 trillion (over Rs 140 lakh crore), or more than 40 per cent of the country's GDP.

Indian IT services firms likely to post muted revenue growth in Q4

Indian IT services firms likely to post muted revenue growth in Q4

Rediff.com10 Apr 2023

IT services firms' revenue growth in the fourth quarter will be affected by macro-driven headwinds, lower working-days, and the fact of the three-month period being low season. Analysts are expecting FY24 growth to be muted. Revenue growth will decline 600-700 basis points to 10-12 per cent for FY24, said a CRISIL Ratings report. The 10-12 per cent growth rate is a fall from the 18-20 per cent expected in FY23 and around 19 per cent growth in FY22, the highest in eight years, said the CRISIL Ratings report.

3 Indian Cos Among Biggest Arms Producers

3 Indian Cos Among Biggest Arms Producers

Rediff.com6 Dec 2024

HAL, BEL and MDL feature on Sipri's list of the 100 largest arms producers in the world.

Realty market saw land deals worth Rs 31,000 cr in H1 2025: Anarock

Realty market saw land deals worth Rs 31,000 cr in H1 2025: Anarock

Rediff.com16 Jul 2025

At least 2,900 acres of land deals, with a market value of Rs 31,000 crore, were transacted in the Indian realty market during the first six months of 2025 (H1 2025), according to a report by real estate analytics firm Anarock. These deals include both outright transactions as well as joint development agreements between realtors and landowners.