News for 'International Financial Reporting Standards'

Rajesh Exports probed over Rs 15.15 trillion financial misstatement

Rajesh Exports probed over Rs 15.15 trillion financial misstatement

Rediff.com8 Jul 2026

The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.

India bags first-ever vice presidency of Paris-based financial watchdog FATF

India bags first-ever vice presidency of Paris-based financial watchdog FATF

Rediff.com20 Jun 2026

India was on Friday accorded the vice presidency of the Financial Action Task Force (FATF), the global body that sets standards for combating money laundering and terrorist financing, for the first time.

Three Business Dailies Set to Launch

Three Business Dailies Set to Launch

Rediff.com5 days ago

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

IHCL's Q1 net profit up 20% despite West Asia tensions impacting international travel

IHCL's Q1 net profit up 20% despite West Asia tensions impacting international travel

Rediff.com22 Jul 2026

Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.

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.

Karnataka Backs Pole Vault Star Sindhushree Ganesh For Asian Games

Karnataka Backs Pole Vault Star Sindhushree Ganesh For Asian Games

Rediff.com24 Jul 2026

Karnataka Deputy Chief Minister G Parameshwara has provided international-standard pole vaulting equipment and financial aid to Sindhushree Ganesh, who will represent India at the Asian Games. Sindhushree, from an underprivileged background, has overcome challenges to achieve national recognition in pole vault, fulfilling her late father's dream.

CIBIL Score Explained: Why It Matters

CIBIL Score Explained: Why It Matters

Rediff.com13 Aug 2026

For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.

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.

England shift India T20Is for massive TV audience

England shift India T20Is for massive TV audience

Rediff.com8 Jun 2026

The England and Wales Cricket Board has moved the start times of the upcoming five T20 Internationals against India an hour earlier to 10:00 pm IST, aiming to maximise television viewership in the subcontinent. This decision, made after consulting broadcasters, highlights English cricket's financial reliance on high-value series featuring India. The tour also includes a sold-out ODI series, with uncertainty surrounding Virat Kohli's participation due to injury.

'We are targeting a combined ratio of around 107% in FY27,': SBI General CEO

'We are targeting a combined ratio of around 107% in FY27,': SBI General CEO

Rediff.com4 May 2026

SBI General Insurance aims to achieve a 10 per cent market share among private and standalone health insurers within approximately five years, up from its current 7.17 per cent, said Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance.

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.

DGCA warns IndiGo over dangerous goods handling lapses

DGCA warns IndiGo over dangerous goods handling lapses

Rediff.com11 Jul 2026

Aviation watchdog DGCA has issued a warning letter to IndiGo for lapses in compliance with norms for handling dangerous goods and has asked the airline to review the relevant training programme to include more practical exercises as well as operational scenarios.

Education Loans: What You Must Know

Education Loans: What You Must Know

Rediff.com31 Jul 2026

Education loan defaults carry serious consequences. Credit bureaus record missed payments against both the student and the co-borrower, usually a parent.

4 Finance Careers That Really Pay Well

4 Finance Careers That Really Pay Well

Rediff.com28 May 2026

In the latest Rediff series exploring non-traditional careers, Sandeep Goel, professor and dean-research at MDI, Gurgaon lists a range of high-growth finance careers beyond CA, CS, and MBA degrees.

No rollback of E20 petrol, no selling pure petrol: Govt

No rollback of E20 petrol, no selling pure petrol: Govt

Rediff.com13 Jul 2026

It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

Rediff.com17 Apr 2026

HDFC Life Insurance reported a 4 per cent year-on-year increase in net profit to Rs 495.6 crore for Q4FY26, while its parent, HDFC Bank, announced a Rs 1,000 crore preferential share issuance to raise its stake to 50.5 per cent.

Medical Tourism Revenues Grow Despite Conflicts

Medical Tourism Revenues Grow Despite Conflicts

Rediff.com26 May 2026

While the West Asia conflict has led to a drop in patient footfalls, hospitals are seeing higher realisations as international patients increasingly travel for complex, high-end procedures.

VHP Appeals To UN For Religious Minorities' Protection In Pakistan, Bangladesh

VHP Appeals To UN For Religious Minorities' Protection In Pakistan, Bangladesh

Rediff.com27 Apr 2026

The Vishva Hindu Parishad (VHP) has appealed to the United Nations to intervene on behalf of religious minorities in Pakistan and Bangladesh, citing human rights violations.

Atanu Chakraborty Flags Governance Gaps at HDFC Bank

Atanu Chakraborty Flags Governance Gaps at HDFC Bank

Rediff.com31 Mar 2026

'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'

US-China Rivalry Enters New Phase

US-China Rivalry Enters New Phase

Rediff.com27 May 2026

The Beijing summit may have reduced immediate diplomatic uncertainty, but it did not resolve the deeper structural contest between the United States and China. That contest appears likely to define the coming decade, notes Varun Arya.

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.

Bhutan's Huge Crypto Gamble, India And China Watching

Bhutan's Huge Crypto Gamble, India And China Watching

Rediff.com16 Apr 2026

Is Bhutan merely experimenting with digital finance -- or is the Himalayan kingdom punching far above its weight, quietly playing one of the most sophisticated strategic games in Asia today? asks Varun Arya.

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.'

HDFC Bank Shares Tumble 7.5%, Rs 1 Trn Mcap Wiped Out

HDFC Bank Shares Tumble 7.5%, Rs 1 Trn Mcap Wiped Out

Rediff.com21 Mar 2026

Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.

FBI Boosts Reward for 'Ten Most Wanted' List, Including Indian National

FBI Boosts Reward for 'Ten Most Wanted' List, Including Indian National

Rediff.com18 Mar 2026

The FBI has increased the reward money to USD one million for information leading to the capture of fugitives on its Ten Most Wanted list, which includes an Indian national wanted in a murder case and a cyber criminal involved in an ATM jackpotting scheme.

A War With No Exit Strategy, No Victory To Declare

A War With No Exit Strategy, No Victory To Declare

Rediff.com20 Apr 2026

Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.

Arunachal Pradesh Seeks to Host North East Games in 2026

Arunachal Pradesh Seeks to Host North East Games in 2026

Rediff.com21 Mar 2026

The Arunachal Olympic Association (AOA) has submitted a proposal to the Indian Olympic Association (IOA) to host the 4th North East Games in 2026, aiming to boost sports development in the region.

Top 10 Courses For Commerce Students After Class 12

Top 10 Courses For Commerce Students After Class 12

Rediff.com2 Jun 2025

In today's dynamic economic landscape, commerce and management education is crucial for a global career, says Nayagam PP.

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.

Tata Sons' Unlisted Ventures See Mounting Losses, Raising Capital Allocation Concerns

Tata Sons' Unlisted Ventures See Mounting Losses, Raising Capital Allocation Concerns

Rediff.com3 Apr 2026

Tata Sons' unlisted ventures, including Air India, Tata Digital, and Tata Electronics, reported combined net losses of approximately 25,568.8 crore in FY25, a 58.3 per cent increase from the previous year, despite Tata Sons itself remaining profitable for over a decade.

Tata Trusts Back Chandra's Third Term

Tata Trusts Back Chandra's Third Term

Rediff.com9 Mar 2026

The government is closely watching the fast-paced developments at the salt-to-semiconductor conglomerate.

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.

Punjab CM Accuses Centre of Aiding Gangster Bishnoi

Punjab CM Accuses Centre of Aiding Gangster Bishnoi

Rediff.com16 Mar 2026

Punjab Chief Minister Bhagwant Mann has accused the central government of providing special treatment to gangster Lawrence Bishnoi, who is accused in the Sidhu Moosewala murder case. Mann's criticism comes after Union Minister Amit Shah spoke about gang activities in Punjab.

'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.'

BofA In SEBI Probe Over Confidential Deal Data Leak

BofA In SEBI Probe Over Confidential Deal Data Leak

Rediff.com8 Jan 2026

India's market regulator has found that Bank of America shared confidential details ahead of a 2024 block trade and later misled regulators during the investigation.

18 killed, 24 injured in Nagpur explosives factory blast

18 killed, 24 injured in Nagpur explosives factory blast

Rediff.com1 Mar 2026

A blast at an explosives manufacturing factory in Nagpur, Maharashtra, resulted in the death of 17 people and injuries to 18 others. Rescue operations are underway.

Bank loan books report healthy growth in Q2

Bank loan books report healthy growth in Q2

Rediff.com31 Oct 2025

The pickup was driven partly by fresh corporate investment but more by higher working-capital demand.

Global accounting standard: Challenges India faces

Global accounting standard: Challenges India faces

Rediff.com27 Dec 2008

With India set to adopt IFRS in 2011, a number of legal/regulatory issues need addressing for a smooth transition to the globally-followed accounting standard.

Trump's Pause Gives Iran NOTHING!

Trump's Pause Gives Iran NOTHING!

Rediff.com25 Mar 2026

The pause gives the US time to breathe, to regroup, to move its expeditionary force into position without risk of interception along the way. It gives Iran nothing -- on the ground, attacks against its infrastructure continue apace. Prem Panicker in his must read daily blog on the Gulf War.