News for 'Internal Revenue Service'

Pentagon Purge Rocks Iran War

Pentagon Purge Rocks Iran War

Rediff.com3 Apr 2026

The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.

Bangladesh Telecast Ban Won't Hurt IPL

Bangladesh Telecast Ban Won't Hurt IPL

Rediff.com6 Jan 2026

According to experts, the ban will not result in revenue loss for the BCCI or the IPL broadcasters.

Brokerages divided on Coforge-Encora deal

Brokerages divided on Coforge-Encora deal

Rediff.com30 Dec 2025

Coforge's planned $2.35 billion all-stock acquisition of US-based Encora has divided the Street, with a few brokerages terming it a "strategically positive" but execution-heavy bet while others raising valuation concerns.

The US Rescue That Raises More Questions Than It Answers

The US Rescue That Raises More Questions Than It Answers

Rediff.com6 Apr 2026

The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.

What Budget 2026 Says About Taxes

What Budget 2026 Says About Taxes

Rediff.com5 Feb 2026

This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.

Why ICE Still Rules India's Car Market

Why ICE Still Rules India's Car Market

Rediff.com27 Feb 2026

Indian car buyers care more about affordability than technology, keeping ICE vehicles dominant while hybrids emerge as the preferred transition option and EVs struggle in the mass market.

India Is In The Doghouse At The Moment

India Is In The Doghouse At The Moment

Rediff.com20 Mar 2026

There is record underperformance and under-ownership. Some of this is cyclical and will turn on its own. However, we also need to regain our growth credentials. For this, both the government and companies have a role to play, as do investors, points out Akash Prakash.

CCI to NCLAT: No player close to WhatsApp in terms of revenue, assets

CCI to NCLAT: No player close to WhatsApp in terms of revenue, assets

Rediff.com23 Sep 2025

The Competition Commission of India (CCI) on Monday told the National Company Law Appellate Tribunal (NCLAT) that no internet intermediary could come close to WhatsApp in terms of revenues as well as assets.

Five Risks For The Indian Economy

Five Risks For The Indian Economy

Rediff.com22 Jan 2026

India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.

HUL tops sustainability rankings as India Inc deepens ESG focus

HUL tops sustainability rankings as India Inc deepens ESG focus

Rediff.com19 Feb 2026

Hindustan Unilever (HUL) has topped the Perpetual Capital Hurun India Impact 50 - 2026 list with 53.9 points (on the scale of 0-100), reflecting a strong performance across key sustainable development goals (SDGs), including climate, water, circularity, gender and biodiversity.

Is AI Really Boosting India's Economy?

Is AI Really Boosting India's Economy?

Rediff.com12 Feb 2026

'The real risk is not that AI will fail to transform India's economy.'
'The risk is that it already is -- while our measurement systems continue to look the other way,' observes Nishant Sahdev, a theoretical physicist at the University of North Carolina.

India poised to be global hub for digital infra, AI: Modi

India poised to be global hub for digital infra, AI: Modi

Rediff.com15 Feb 2026

Prime Minister Narendra Modi is promoting India as a global hub for digital infrastructure and artificial intelligence, highlighting the government's incentives for data center investments and inviting the world's data to reside in India.

Ahead of IPO, Practo eyes $1 bn GMV

Ahead of IPO, Practo eyes $1 bn GMV

Rediff.com30 Dec 2025

Digital healthcare platform Practo is targeting annualised gross merchandise value (GMV) of $1 billion by June 2026, with its expanding US operations expected to contribute between $250 million and $300 million, according to people familiar with the company's plans.

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Rediff.com7 Jul 2025

Indian information technology (IT) service providers are expected to deliver low single-digit sequential growth in the first quarter (April-June) of 2025-26 (FY26), even as macroeconomic uncertainties continue to persist due to the volatile geopolitical environment.

'GCCs Have Evolved To Strategic Innovation Hubs'

'GCCs Have Evolved To Strategic Innovation Hubs'

Rediff.com6 Jan 2026

'Solutions developed in India are being commercialised and offered globally because we're executing at scale, creating new markets and revenue streams.'

Why Movie Companies Are Looking Beyond Films

Why Movie Companies Are Looking Beyond Films

Rediff.com7 Jan 2026

They are venturing into allied businesses, which range from starting talent management agencies to music labels to tap into every possible monetisable opportunity to appeal to investors.

GIFT City Raises A Glass to Global Business

GIFT City Raises A Glass to Global Business

Rediff.com24 Dec 2025

The latest move removes one of the key friction points for visitors, temporary liquor permits, while allowing licensed hotels and restaurants operational flexibility.

Hormuz Crisis Threatens Global Economy

Hormuz Crisis Threatens Global Economy

Rediff.com12 Mar 2026

When missiles fly in this region, they are never just aimed at military targets.

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

Tiger Global Verdict: SC rewrites rules of cross-border taxation

Tiger Global Verdict: SC rewrites rules of cross-border taxation

Rediff.com29 Jan 2026

The SC has gone a step further to state that even if one were to not apply the codified GAAR provisions, the judicial GAAR would continue to apply, point out Pranav Sayta and Bhargav Selarka.

War Exposes Cracks in US-Israel Alliance

War Exposes Cracks in US-Israel Alliance

Rediff.com20 Mar 2026

Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.

Why India's Local-First AI Strategy Could Be A Winner

Why India's Local-First AI Strategy Could Be A Winner

Rediff.com26 Feb 2026

Country's startups are carving a unique path by prioritising local, application-led innovation over the global pursuit of scale.

Activist Harjeet Singh held after ED raids; Pak, B'desh trips under lens

Activist Harjeet Singh held after ED raids; Pak, B'desh trips under lens

Rediff.com6 Jan 2026

The Uttar Pradesh excise department arrested climate activist Harjeet Singh for allegedly possessing excess liquor after the ED searched his premises in connection with a foreign exchange violation case. The ED is investigating the misuse of funds received from abroad and Singh's visits to Pakistan and Bangladesh.

Maha cabinet clears land policy for 'third Mumbai' push

Maha cabinet clears land policy for 'third Mumbai' push

Rediff.com10 Feb 2026

The Maharashtra cabinet has approved a land acquisition and allotment policy for development projects in the 'Third Mumbai' area near the Mumbai Trans Harbour Link (Atal Setu), along with other key infrastructure and development initiatives across the state.

Why Budget 2026 Deserves 8.5/10

Why Budget 2026 Deserves 8.5/10

Rediff.com2 Feb 2026

This is the first Budget in my memory of Budgets over the last half a century which has embraced upfront, enthusiastically and emphatically, technology, modernity and fiscal sobriety, notes Shreekant Sambrani.

At 150k, Mumbai logs highest property registrations in 14 yrs in 2025

At 150k, Mumbai logs highest property registrations in 14 yrs in 2025

Rediff.com1 Jan 2026

Mumbai recorded its strongest housing market performance in 14 years in 2025, with property registrations rising to 150,254, amid a sustained end-user demand and supportive supply-side ecosystem, according to Knight Frank India.

Mumbai to get world-standard exotic birds park in eastern suburbs

Mumbai to get world-standard exotic birds park in eastern suburbs

Rediff.com14 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) will develop an international-standard exotic birds park at Nahur to create a new tourism attraction. The park will feature 24 independent habitats designed to replicate the birds' natural environments and will house rare and colourful species from Australia, Africa and America.

Will India Face Oil Shock from Iran Crisis?

Will India Face Oil Shock from Iran Crisis?

Rediff.com2 Mar 2026

Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?

US visa curbs, AI surge will shape Indian IT in 2026

US visa curbs, AI surge will shape Indian IT in 2026

Rediff.com23 Dec 2025

India's $280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed $100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing.

Marico Q2 net down 0.7%

Marico Q2 net down 0.7%

Rediff.com16 Nov 2025

The consolidated net profit of Marico, the maker of Parachute coconut oil, declined 0.7 per cent in the second quarter (July-September) of 2025-26 (Q2FY26).

Sebi's Move Could Erode Mutual Fund, Broker Earnings

Sebi's Move Could Erode Mutual Fund, Broker Earnings

Rediff.com3 Nov 2025

'Sebi's move to cap brokerage charges will help investors by lowering the overall cost of investments.'

Taxpayers Stuck In Bureaucratic Nightmare

Taxpayers Stuck In Bureaucratic Nightmare

Rediff.com24 Jul 2025

The tax department has created many circular traps -- flawed reporting formats, penalties for those who point out the flaws, and faceless assessors with no accountability. The result: Millions of taxpayers face needless harassment and procedural dead ends, highlights Harsh Roongta.

Profit-Focused Startups Power India's Strong IPO Revival

Profit-Focused Startups Power India's Strong IPO Revival

Rediff.com16 Jan 2026

Eighteen new-age technology firms went public during the year, a near triple increase from the five firms that debuted in 2023 and 38 per cent more than 2024's tally of 13.

IT Firms Brace For DPDP With Minimal Disruption

IT Firms Brace For DPDP With Minimal Disruption

Rediff.com26 Nov 2025

'The impact will be minimal and it will only increase compliance cost on consent, data flows, localisation timelines, internal audits, data mapping, and new tooling.'

Airfares May Surge After Court Order

Airfares May Surge After Court Order

Rediff.com19 Dec 2025

The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.

Inderjit Singh Bindra: Architect of Modern Indian Cricket

Inderjit Singh Bindra: Architect of Modern Indian Cricket

Rediff.com27 Jan 2026

As he is laid to rest, Indian cricket bids farewell to one of its greatest administrators -- a visionary who understood that breaking monopolies and building stadiums were about the same thing: Giving millions of cricket-loving Indians the infrastructure worthy of their passion.

Worst may be over for Asian Paints, but prospects still far from bright

Worst may be over for Asian Paints, but prospects still far from bright

Rediff.com21 Nov 2025

Asian Paints reported a good performance for the second quarter (July-September) of 2025-26 (Q2FY26), with some help from base effects, despite strong competition and extended monsoon. Volume grew in low double digits in the key domestic decorative paints, and value in that segment grew by 6 per cent. Ebitda (earnings before interest, taxes, depreciation, and amortisation) grew 21 per cent year-on-year (Y-o-Y), and PAT (profit after tax) grew 14 per cent. Asian Paints also defended market share better after several quarters where it had lost ground to Birla Opus.

'Money Comes Only When Markets Do Well'

'Money Comes Only When Markets Do Well'

Rediff.com4 Feb 2026

'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'

L&T eyes global nuclear supply chain expansion

L&T eyes global nuclear supply chain expansion

Rediff.com19 Dec 2025

Construction major L&T is gearing up to expand its footprint in the global nuclear supply chain, a senior company official has said, while calling for amendments to key legislations on the domestic front to pave the way for the entry of private players and foreign capital necessary for capacity enhancement.

India's GDP estimated to grow at 7.4% in FY26; fastest in the world

India's GDP estimated to grow at 7.4% in FY26; fastest in the world

Rediff.com7 Jan 2026

The Indian economy is likely to grow at 7.4 per cent in 2025-26, up from 6.5 per cent in the previous fiscal, mainly on account of better performance of manufacturing and services sectors, as per the government data released on Wednesday.