News for 'International Financial Centre'

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Rediff.com23 May 2026

'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'

L&T reports 3% decline in profit; revenue up 11%

L&T reports 3% decline in profit; revenue up 11%

Rediff.com6 May 2026

Infrastructure major Larsen & Toubro (L&T) reported a 3 per cent year-on-year decline in consolidated net profit for Q4 FY26, reaching 5,325.60 crore, primarily due to exceptional gains in the previous year. Despite this, the company's consolidated order book surged by 28 per cent to 7.4 trillion, with international orders accounting for 52 per cent.

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

Rediff.com5 Jun 2026

Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

Rediff.com11 May 2026

A software engineer earning a high salary allegedly abandoned his career to run a fake online trading racket, duping investors of nearly Rs 100 crore.

Centre Slashes Excise Duty on Petrol to 3, Diesel to Zero: Big Relief for Consumers

Centre Slashes Excise Duty on Petrol to 3, Diesel to Zero: Big Relief for Consumers

Rediff.com27 Mar 2026

The government has sharply reduced excise duty on petrol to 3 and diesel to zero, offering major relief to consumers. Here's how the price cut will impact fuel rates and inflation.

'Mamata Banerjee's Comeback Is Impossible'

'Mamata Banerjee's Comeback Is Impossible'

Rediff.com5 Jun 2026

'Mamata was more feared than loved, and in politics when people start fearing you then they start hating you.' 'So Mamata's comeback now is impossible.'

Atanu Chakraborty Reveals Reasons for His Resignation as HDFC Bank Chairman

Atanu Chakraborty Reveals Reasons for His Resignation as HDFC Bank Chairman

Rediff.com31 Mar 2026

Former HDFC Bank chairman Atanu Chakraborty cites misselling of AT-1 bonds and underperformance as key reasons for his resignation, dismissing personal differences as a major factor.

CII urges govt to phase out fuel excise cut

CII urges govt to phase out fuel excise cut

Rediff.com11 May 2026

The Confederation of Indian Industry (CII) has urged the Indian government to gradually restore the Rs 10-per-litre cut in special additional excise duty on petrol and diesel over six to nine months. This move aims to relieve pressure on government finances as crude oil prices stabilise, without significantly impacting consumer sentiment.

Force Motors Reports Highest Ever Revenue And Profitability

Force Motors Reports Highest Ever Revenue And Profitability

Rediff.com30 Apr 2026

Force Motors Limited announced its highest-ever revenue and profitability for the fiscal year ending March 31, 2026, driven by growth across its Urbania, Trax, and Traveller platforms, as well as defence partnerships and international engine manufacturing.

Iran's War: 'Mojtaba Khamenei Is Being Hunted By Foreign Powers And Internal Foes'

Iran's War: 'Mojtaba Khamenei Is Being Hunted By Foreign Powers And Internal Foes'

Rediff.com12 Mar 2026

'Mojtaba Khamenei supervised the most recent repression in December 2025 and January 2026 which remains ongoing.'

MF launches taper off in March in the midst of West Asia flare-up

MF launches taper off in March in the midst of West Asia flare-up

Rediff.com2 Apr 2026

Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.

Why Tata Trusts Board Meeting Was Cancelled

Why Tata Trusts Board Meeting Was Cancelled

Rediff.com9 May 2026

A crucial Tata Trusts board meeting was unexpectedly postponed, highlighting internal conflicts over veto power, Tata Sons listing, and trustee eligibility, raising concerns about the stability of the $180 billion conglomerate.

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Rediff.com8 May 2026

'We are targeting a 2.5x to 3x increase in valuation by FY31.'

Mumbai's iconic Air India building set to become Maha govt hub soon

Mumbai's iconic Air India building set to become Maha govt hub soon

Rediff.com29 Apr 2026

The Maharashtra government is nearing the acquisition of the Air India building in south Mumbai after the Finance Department transferred Rs 1,600 crore to the Public Works Department. The agreement with Air India Assets Holding Limited is expected to be signed within two weeks, providing much-needed office space for state government departments.

'Equity Investing In Good Shape And Fashionable As Ever!'

'Equity Investing In Good Shape And Fashionable As Ever!'

Rediff.com29 Apr 2026

'In India's case, an extended earnings slowdown accompanied by rich valuations have dimmed returns since late 2024.'

Kerala Verdict: Left's Worst Defeat

Kerala Verdict: Left's Worst Defeat

Rediff.com5 May 2026

'What we are witnessing is a massive anti-incumbency wave that has cut across all social and political divides.'

West Asia Conflict to Push India's Fiscal Deficit to 4.5% of GDP

West Asia Conflict to Push India's Fiscal Deficit to 4.5% of GDP

Rediff.com22 Apr 2026

India's fiscal deficit is projected to reach 4.5 per cent of GDP for the current fiscal year, exceeding the budgeted target, as the government's policy responses to the West Asia conflict are expected to strain public finances, according to research firm BMI.

Interstate Spurious Drug Racket Busted In Delhi

Interstate Spurious Drug Racket Busted In Delhi

Rediff.com7 May 2026

Delhi Police have arrested four individuals involved in an interstate racket manufacturing and distributing counterfeit prescription drugs, uncovering an illegal processing unit in Delhi.

RBI-Esma MoU set to end CCIL impasse

RBI-Esma MoU set to end CCIL impasse

Rediff.com28 Jan 2026

The Clearing Corporation of India (CCIL) will be able to reapply for recognition by the European Union's (EU) financial markets regulator following a pact signed on Tuesday between the Reserve Bank of India (RBI) and the European Securities and Markets Authority (Esma).

Multi-City Air Ticket Scam Busted: Mastermind Arrested

Multi-City Air Ticket Scam Busted: Mastermind Arrested

Rediff.com9 Apr 2026

Four individuals have been arrested for allegedly running a sophisticated cyber fraud operation, duping people with fake discounted air tickets across multiple cities. Police recovered a substantial amount of cash and luxury items from the accused.

'Large Part Of Capital Needs To Be Met Via GIFT City'

'Large Part Of Capital Needs To Be Met Via GIFT City'

Rediff.com8 Dec 2025

'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'

Kerala Offers Congress Golden Chance; Will It Deliver?

Kerala Offers Congress Golden Chance; Will It Deliver?

Rediff.com8 May 2026

Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.

How The IPL Can Expand To 94 Games!

How The IPL Can Expand To 94 Games!

Rediff.com2 Apr 2026

'When we go into the next cycle of bilaterals, we will try to see whether we can get a bigger window, so we can go from 74 to 94 games.'

Kerala CM Accuses Congress of Being BJP's 'B-Team'

Kerala CM Accuses Congress of Being BJP's 'B-Team'

Rediff.com21 Mar 2026

Kerala Chief Minister Pinarayi Vijayan has accused the Congress party and Rahul Gandhi of acting as the 'B-team' of the BJP, alleging appeasement politics and seeking support from communal groups.

Cyber Fraud Syndicate Busted: Indian SIM Cards Used to Defraud Citizens

Cyber Fraud Syndicate Busted: Indian SIM Cards Used to Defraud Citizens

Rediff.com1 Apr 2026

Telangana Cyber Security Bureau (TGCSB) arrested five individuals for supplying over 600 Indian SIM cards to a cyber fraud syndicate operating from Cambodia, which defrauded Indian citizens of crores of rupees.

10K surrender in 10 yrs: Are Maoists in their last mile?

10K surrender in 10 yrs: Are Maoists in their last mile?

Rediff.com29 Mar 2026

A combination of security pressure and rehabilitation efforts has significantly weakened Naxalism in India, leading to numerous surrenders and the elimination of key leaders.

Power shift in Andhra: CM Naidu hands key TDP role to son Nara Lokesh

Power shift in Andhra: CM Naidu hands key TDP role to son Nara Lokesh

Rediff.com29 Apr 2026

Chandrababu Naidu has reorganised the Telugu Desam Party (TDP), appointing his son Nara Lokesh as working president and emphasising a blend of experienced and new leaders to strengthen the party.

Geopolitical Risks Could Push Jio Platforms IPO to H2 FY27

Geopolitical Risks Could Push Jio Platforms IPO to H2 FY27

Rediff.com29 Apr 2026

Reliance Industries' digital arm, Jio Platforms, may see its initial public offering (IPO) delayed to the second half of fiscal 2027, according to CreditSights. The delay is primarily attributed to ongoing geopolitical tensions in the Middle East, which could impact market conditions and investor sentiment.

'Influence Of The US Is Diminishing'

'Influence Of The US Is Diminishing'

Rediff.com28 Apr 2026

'It was diminishing even before Trump came to power.' 'The US was at the centre of the global economy. That position is going to become less and less important and less central.'

Abhishek Banerjee Accuses BJP of Political Games, Challenges Amit Shah to Public Debate

Abhishek Banerjee Accuses BJP of Political Games, Challenges Amit Shah to Public Debate

Rediff.com8 Mar 2026

TMC leader Abhishek Banerjee challenges Amit Shah to a debate on governance, accusing the BJP of political manipulation and misrepresenting West Bengal's financial situation. He also criticised the BJP's record on women's safety and alleged the Centre was withholding funds from West Bengal.

Private Banks Face CEO Talent Crunch

Private Banks Face CEO Talent Crunch

Rediff.com30 Mar 2026

What is the reason behind this drying up of talent for the top post in private banks?

IFSCA relaxes norms for fund management bodies in GIFT City

IFSCA relaxes norms for fund management bodies in GIFT City

Rediff.com24 Dec 2025

The International Financial Services Centres Authority (IFSCA) has cleared a series of regulatory relaxations to ease operations for fund managers in GIFT City, along with a revamped framework for global in-house centres (GICs) and capital market intermediaries.

India, UAE seal defence pact, set $200 bn trade target

India, UAE seal defence pact, set $200 bn trade target

Rediff.com20 Jan 2026

Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries and counter terrorism.

Must-Learn Leadership Lessons From HDFC Bank's Aditya Puri

Must-Learn Leadership Lessons From HDFC Bank's Aditya Puri

Rediff.com30 Apr 2026

Aditya Puri is one of the cleanest examples we have, in Indian corporate history, of a leader who understood early that the measure of his work was not what happened while he was in the chair. It was what would keep happening when he was no longer there, says Suresh M K.

Rouble Nagi, Winner, Global Teacher Prize: 'A Single Teacher's Faith Can Alter The Trajectory Of A Child's Life'

Rouble Nagi, Winner, Global Teacher Prize: 'A Single Teacher's Faith Can Alter The Trajectory Of A Child's Life'

Rediff.com20 Apr 2026

'Many of the children I work with had never attended school before and had never been given the right environment or opportunity to learn.'
'When education became accessible -- through flexible learning spaces, creative methods and community-based classrooms -- these same children began to thrive.'
'Over time, many who had never stepped into a formal classroom not only entered the education system but continued their studies further, with some going on to university.'

J&K Wrestler Hamam Hussain Wins Gold at Khelo India Tribal Games After Years of Struggle

J&K Wrestler Hamam Hussain Wins Gold at Khelo India Tribal Games After Years of Struggle

Rediff.com1 Apr 2026

Jammu and Kashmir wrestler Hamam Hussain overcame years of hardship, including selling milk to support his family, to win a gold medal at the Khelo India Tribal Games.

Centre launches Rs 4,531 cr mkt access support scheme

Centre launches Rs 4,531 cr mkt access support scheme

Rediff.com1 Jan 2026

The government on Wednesday launched Rs 4,531 crore market access support (MAS) intervention scheme for a six-year period (FY26-31) to improve global reach, visibility and competitiveness of Indian exporters through 'structured and outcome-oriented' interventions.

Kerala CM Vijayan Accuses Rahul Gandhi and Congress of Aiding BJP

Kerala CM Vijayan Accuses Rahul Gandhi and Congress of Aiding BJP

Rediff.com21 Mar 2026

Kerala Chief Minister Pinarayi Vijayan has accused the Congress party and its leader Rahul Gandhi of acting as the 'B-team' of the BJP, criticising their stance on various issues and alleging a tacit alliance between the two parties.

Haryana Police to be Equipped with Body Cameras

Haryana Police to be Equipped with Body Cameras

Rediff.com2 Mar 2026

Haryana's Chief Minister Nayab Singh Saini announced a plan to equip police with body cameras, establish new women and cybercrime police stations, and form an Anti-Terrorist Squad as part of a broader effort to modernise the state's police force.

How Punjab Police is Using AI to Combat Gang Violence

How Punjab Police is Using AI to Combat Gang Violence

Rediff.com10 Mar 2026

Punjab Police is using intelligence-led policing and digital tools, including AI-powered voice recognition, to combat organised crime and dismantle gangster networks operating across states and continents.