News for 'International Financial Centre'

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Rediff.com13 Jul 2026

Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.

Three Business Dailies Set to Launch

Three Business Dailies Set to Launch

Rediff.com4 days ago

The last major business daily to launch in India was Financial Chronicle in April 2008, preceded by Mint on February 1, 2007.

India Inc's foreign borrowing intent surges to $6 billion in June

India Inc's foreign borrowing intent surges to $6 billion in June

Rediff.com7 Aug 2026

Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.

Can India Become New Power Centre Of Global Chess?

Can India Become New Power Centre Of Global Chess?

Rediff.com1 Aug 2026

'India should hold several high-level chess tournaments that would attract the world's top players so that the country will have a say in the game.'

High-Powered Committee to Drive Banking Reforms for Viksit Bharat, Says FM Sitharaman

High-Powered Committee to Drive Banking Reforms for Viksit Bharat, Says FM Sitharaman

Rediff.com18 Aug 2026

Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.

RBI Ombudsman Can Award Compensation Of Up To 30 Lakh For Financial Loss

RBI Ombudsman Can Award Compensation Of Up To 30 Lakh For Financial Loss

Rediff.com18 Jul 2026

...and 3 lakh for harassment.

Plea in SC seeks confiscation of assets of paper leak offenders

Plea in SC seeks confiscation of assets of paper leak offenders

Rediff.com18 Aug 2026

The Supreme Court has sought responses from the Centre and state governments on a Public Interest Litigation (PIL) advocating for the confiscation of movable and immovable property belonging to individuals and their family members involved in exam question paper leak cases. The plea also calls for invoking various anti-corruption and financial crime acts against perpetrators and suggests consecutive sentencing for such offences.

From NCC To Asian Games: Vidarsa K Vinod's Remarkable Shooting Journey

From NCC To Asian Games: Vidarsa K Vinod's Remarkable Shooting Journey

Rediff.com10 Aug 2026

Vidarsa K Vinod, a 27-year-old rifle shooter from Kozhikode, has secured a spot in the Indian squad for the Aichi-Nagoya Asian Games. Her path from an NCC introduction to elite competition was marked by financial struggles, training with borrowed equipment, and overcoming setbacks like the COVID-19 pandemic. With crucial support from her family, husband, and the National Centre of Excellence, she now aims to become the World No. 1 in her sport.

How Deepak Dhar's Statistical Mechanics Work Earned Him The Dirac Medal

How Deepak Dhar's Statistical Mechanics Work Earned Him The Dirac Medal

Rediff.com12 Aug 2026

Indian physicist Deepak Dhar, a professor at ICTS-TIFR in Bengaluru, has been awarded the prestigious 2026 Dirac Medal for his significant contributions to statistical mechanics. He shares the honour with three other physicists for their work on understanding complex systems, with applications in diverse fields like biology, finance, and AI. Dhar is particularly recognised for his "sandpile model" and has previously received the Padma Bhushan and Boltzmann Medal.

Guj CID busts Rs 1,071 cr China-linked cybercrime ring, 'mastermind' held

Guj CID busts Rs 1,071 cr China-linked cybercrime ring, 'mastermind' held

Rediff.com18 Aug 2026

Gujarat CID has arrested Rafiqul Alam, the alleged 'mastermind' behind 1,090 cybercrimes totalling Rs 1,071.5 crore, who was found to have links with China-based criminals and converted illicit funds into cryptocurrencies.

New 'boss' scam to dupe corporate employees busted

New 'boss' scam to dupe corporate employees busted

Rediff.com7 days ago

Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.

The Taj's Hidden Story Is India's Wealth

The Taj's Hidden Story Is India's Wealth

Rediff.com3 hours ago

In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.

Shiprocket to use IPO funds for AI push, eyes broader merchant operating system

Shiprocket to use IPO funds for AI push, eyes broader merchant operating system

Rediff.com11 Aug 2026

Shiprocket plans to allocate a significant portion of its IPO proceeds towards artificial intelligence (AI), aiming to evolve its e-commerce enablement platform into a comprehensive operating system for merchants, enabling conversational commands and reducing manual tasks.

ICTS Professor Deepak Dhar Honoured With 2026 Dirac Medal

ICTS Professor Deepak Dhar Honoured With 2026 Dirac Medal

Rediff.com10 Aug 2026

Professor Deepak Dhar of the International Centre for Theoretical Sciences (ICTS) has been awarded the prestigious 2026 Dirac Medal for his significant contributions to statistical mechanics and complex systems. He shares the honour with three other scientists for their pioneering work extending statistical mechanics into diverse fields like AI and theoretical neuroscience.

Bankura death: CJP gives Bengal govt 10-day ultimatum, threatens agitation

Bankura death: CJP gives Bengal govt 10-day ultimatum, threatens agitation

Rediff.com17 Aug 2026

A leader of the Cockroach Janta Party (CJP) on Monday gave the West Bengal government 10 days to arrest all those allegedly involved in the death of the father of a party volunteer in Bankura district and demanded a probe into the conduct of police personnel at the local police station.

From borrowed rifle to Asian Games: Vidarsa K Vinod's journey of sacrifice and resilience

From borrowed rifle to Asian Games: Vidarsa K Vinod's journey of sacrifice and resilience

Rediff.com10 Aug 2026

Vidarsa K Vinod, a 27-year-old shooter from Kerala, has secured a spot in India's Asian Games squad for the 10m Air Rifle and 50m Rifle 3 Positions events, overcoming significant financial hurdles and training setbacks through resilience and family support.

'Still no job': India's U20 javelin silver medallist opens up

'Still no job': India's U20 javelin silver medallist opens up

Rediff.com12 Aug 2026

Ashish Yadav, a 19-year-old javelin thrower, won a silver medal at the World Under-20 championships, becoming the second Indian after Neeraj Chopra to achieve this feat. Despite his sporting success and significant improvement in performance through systematic training in Hisar, Yadav continues to search for a job to support his family, highlighting the financial challenges faced by many aspiring athletes.

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Rediff.com3 Jun 2026

Haryana Police busted a fake international call centre in Panchkula, arresting 21 individuals for defrauding US citizens by posing as employees of a leading e-commerce company.

Decentro Secures Key Licence For Global Payment Services

Decentro Secures Key Licence For Global Payment Services

Rediff.com1 Jun 2026

Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.

IPL Teams Pressuring Indian Players To Play Despite Injuries, Claims BCCI Source

IPL Teams Pressuring Indian Players To Play Despite Injuries, Claims BCCI Source

Rediff.com9 Aug 2026

A source at the BCCI's Centre of Excellence (CoE) in Bengaluru has expressed significant concerns regarding players competing in the Indian Premier League while injured, attributing this to franchise and financial pressures, which subsequently complicates their rehabilitation and return to international cricket.

Mumbai's financial centre long way off

Mumbai's financial centre long way off

Rediff.com4 Dec 2007

It has to put in place the physical and social infrastructure for getting an international finance centre along with expediting reforms in the financial sector.

Govt plans to send FCRA Bill to joint Parl panel for scrutiny

Govt plans to send FCRA Bill to joint Parl panel for scrutiny

Rediff.com11 Aug 2026

The government is considering sending 'The Foreign Contribution (Regulation) Amendment Bill, 2026' to a joint committee of both houses of Parliament for further examination, even as the Congress and some other opposition parties have demanded that it be withdrawn, sources said on Tuesday.

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Rediff.com3 Jun 2026

Haryana Police have dismantled a fraudulent international call centre in Panchkula, arresting 21 individuals involved in scamming US citizens by impersonating employees of a major e-commerce company.

RBI MPC members hint at rate hikes as inflation risks persist

RBI MPC members hint at rate hikes as inflation risks persist

Rediff.com6 days ago

Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.

Mumbai as a domestic financial centre

Mumbai as a domestic financial centre

Rediff.com16 Apr 2007

The number of cases of rupee-denominated bonds being issued outside India may well increase in future.

International Crypto Network With Terror Links Busted In Gujarat

International Crypto Network With Terror Links Busted In Gujarat

Rediff.com19 May 2026

The Gujarat CID Crime has dismantled an international cryptocurrency network worth Rs 226 crore, revealing links to a front organisation of the terror group Hamas. Nine individuals have been arrested in connection with the syndicate, which is implicated in cyber fraud, narcotics, and terror funding.

Tata Sons AGM likely to be adjourned due to Sir Ratan Tata Trust's regulatory issue

Tata Sons AGM likely to be adjourned due to Sir Ratan Tata Trust's regulatory issue

Rediff.com17 Aug 2026

The Annual General Meeting (AGM) of Tata Sons, scheduled for Tuesday, is likely to be adjourned because the Sir Ratan Tata Trust (SRTT), a major shareholder, cannot nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner.

CWG 2026: Soman Wins Gold; Silver For Shubham In Para Shot Put

CWG 2026: Soman Wins Gold; Silver For Shubham In Para Shot Put

Rediff.com1 Aug 2026

India's para shot putter Soman Rana won the gold gold medal in the men's F57 event para shot put event at the Commonwealth Games.

How China Shielded Itself From Oil Shock

How China Shielded Itself From Oil Shock

Rediff.com17 Aug 2026

China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

Rediff.com4 Aug 2026

As many as 274 fugitives have been repatriated from 36 countries in the last 7 years, an average of around 40 per year and a 10-fold jump from the 2004-13 period when around four fugitives were brought back every year, the government said on Tuesday.

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

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

Rediff.com22 Jul 2026

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.

NEET paper leak row: NTA floats Rs 7.5cr tender for security

NEET paper leak row: NTA floats Rs 7.5cr tender for security

Rediff.com3 Aug 2026

In response to the NEET-UG 2026 paper leak controversy, the NTA has initiated a significant security upgrade, floating a Rs 7.5 crore tender for comprehensive, round-the-clock security services to protect its critical infrastructure and confidential examination materials.

ED Returns 63,000 Crore To Victims Of Financial Crimes

ED Returns 63,000 Crore To Victims Of Financial Crimes

Rediff.com12 May 2026

The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.

Bengal Police bust Pakistan-linked honeytrap network targeting ministers

Bengal Police bust Pakistan-linked honeytrap network targeting ministers

Rediff.com4 Aug 2026

West Bengal police have unearthed a sophisticated Pakistan-linked honeytrap network targeting state ministers, their families, and other high-profile individuals, leading to the arrest of a third suspect, Aditya Singh, an alleged associate of Jaish-e-Mohammed operative Hamim Mondal.

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Rediff.com24 Jun 2026

Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.

Sun Pharma sees 27% profit surge in Q1FY27, driven by India and innovative medicines

Sun Pharma sees 27% profit surge in Q1FY27, driven by India and innovative medicines

Rediff.com1 Aug 2026

Sun Pharmaceutical Industries reported a 27 per cent year-on-year increase in consolidated net profit to 2,894.7 crore for Q1FY27, with revenue growing 10 per cent to 15,299.8 crore, driven by strong performance in India and innovative medicines.

Financial Crimes Decline Due To Agency Action: ED

Financial Crimes Decline Due To Agency Action: ED

Rediff.com1 May 2026

The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.

US shuts India-based call centre defrauding elderly Americans

US shuts India-based call centre defrauding elderly Americans

Rediff.com21 May 2026

US authorities have shut down an India-based call centre operation that allegedly defrauded hundreds of elderly Americans of millions of dollars through tech support scams, following a years-long investigation.

'We Need To Stop Coaching Classes'

'We Need To Stop Coaching Classes'

Rediff.com27 Jul 2026

'We can integrate AI and tech into education, but that is just a means and not an end.' 'Ultimately, we need to control what happens in a classroom and we need to let teachers innovate their teaching style to suit the needs of Gen Z and beyond.'

How Rishikanta battled injury to script CWG history

How Rishikanta battled injury to script CWG history

Rediff.com26 Jul 2026

India's Rishikanta Singh secured a silver medal in the men's 60kg weightlifting at the Commonwealth Games, despite matching the Games record in snatch, due to two failed attempts in the clean and jerk, which allowed Malaysia's Mohamad Aniq Kasdan to win gold.