West Bengal's BJP government, led by Chief Minister Suvendu Adhikari, has announced a probe into the expenditure of the Bengal Global Business Summit (BGBS) organised during the previous TMC regime. Adhikari alleged that an event management firm was paid Rs 635 crore for various editions of the summit, promising strict action against those found responsible for financial irregularities.
Net mutual fund inflows into active equity schemes in India plummeted by 40 per cent month-on-month in May, reaching a one-year low of 22,908 crore, primarily due to weaker lump-sum investments and increased redemptions amidst significant market volatility and global uncertainties.
The best time to buy health insurance is when you don't think you need it.
Taxability in property transactions depends on the actual source of funds and beneficial ownership, not on whose name appears in the purchase agreement.
Amazon plans to significantly expand its use of automation and advanced robotics, including systems like the SLAM labeler, across its Indian fulfilment centres. The company, which has committed substantial investments in India, also highlighted its global rollout of autonomous robots like Proteus and cautioned against premature AI regulation that could stifle innovation.
A special court in Thane, Maharashtra, has sentenced the mastermind of an investment fraud to rigorous imprisonment and ordered the auction of his properties to repay duped investors.
Larger NGOs could no longer work with smaller ones, especially those organisations working on the ground that had no means of or expertise in raising money themselves, reveals Aakar Patel.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
AI firm Pramaana Labs, with a significant Indian workforce, has successfully raised $27 million in seed funding led by Khosla Ventures. The company aims to use these funds to advance its unique technology that converts complex knowledge into machine-verifiable truth, addressing the accountability gap in AI across regulated sectors like tax, healthcare, and financial compliance.
Indian benchmark indices Sensex and Nifty experienced a significant downturn in early trade, ending a five-day rally, primarily due to heavy selling in IT firms following a revenue growth guidance cut by global consulting giant Accenture.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.
A high drama unfolded in Hyderabad on Thursday as ministers of the Congress government arrived at the Telangana Martyrs' Memorial to engage in a public debate with the opposition Bharat Rashtra Samithi leaders over allegations of scams and debt accumulation that both the ruling and opposition parties have raised against each other.
India is adopting a two-pronged strategy for artificial intelligence development, focusing on open-source models and indigenous innovation to counter global access restrictions on advanced AI technologies. The government aims to support local developers and ensure AI creates tangible economic impact across various sectors, rather than being solely driven by market speculation.
Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.
Prime Minister Narendra Modi is set to meet secretaries of key Union ministries and departments to review their performance, focusing on ease of living, ease of doing business, and 'Atmanirbhar Bharat' initiatives, amidst strong speculation of an impending Cabinet reshuffle.
Jamco Interiors, a global supplier of aircraft cabin systems, has opened a Centre of Excellence (COE) in Pune. This strategic move aims to meet the increasing demand for advanced cabin interiors in India's rapidly growing commercial aviation market and leverage local engineering talent for global aerospace programmes.
A new Accenture report reveals that nearly half of all global cybersecurity positions remain vacant, primarily due to a critical shortage of professionals with both technical expertise and essential business acumen. The report highlights a significant gap between the skills required for modern cybersecurity and what the labour market currently offers, exacerbated by poor retention and underinvestment in upskilling.
Mehbooba Mufti, PDP chief, urged Kashmiri Pandits to move beyond past grievances and invest in a shared future in the Kashmir Valley. Speaking at the Kheer Bhawani mela, she highlighted the warmth between communities and called for government support for Pandits, while also appealing to them to isolate those who seek to use them for political agendas.
'Why not aspire for 8 or 9 or even 10 per cent?'
Five diamonds, including two of gem quality, have been discovered during scientific exploration in Chhattisgarh's Mahasamund district. This significant find in the Baloda-Belmundi Diamond Block could establish a new diamond-bearing region, promising future investments, revenue generation, and employment opportunities for the state and strengthening India's domestic diamond resources.
Dhaka and Beijing on Thursday agreed to strengthen cooperation on the management of the Teesta and other rivers and signed 13 agreements to bolster bilateral ties following talks between Bangladeshi Prime Minister Tarique Rahman and Chinese Premier Li Qiang.
Delhi Police have arrested a key accused from Kerala in connection with an interstate investment fraud case involving over Rs 4.5 million. The accused, Jamsheed K, is alleged to have been a 'money handler' in the fraud network.
Odisha Police's Crime Branch has arrested three individuals from New Delhi and Uttarakhand in connection with two major cyber fraud cases totalling Rs 2.78 crore. The cases involved impersonation as cyber crime officers and fraudulent investment schemes, leading to significant financial losses for victims.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
Too many EMIs draining your salary? Ramalingam Kalirajan explains the safe borrowing limit that protects your income from a dangerous debt trap.
The Securities and Exchange Board of India (Sebi) has proposed allowing celebrity endorsements for its regulated entities like AMCs and stock brokers, but only at the brand level, not for specific products or services, as part of a major overhaul of advertisement codes.
A SAP study reveals that Indian enterprises are rapidly moving from AI experimentation to value-driven implementation, positioning India as a global leader in enterprise AI adoption. Indian organisations plan significant investments in AI, with projected fivefold growth in Agentic AI returns and a high percentage of businesses having defined AI strategies and dedicated AI leaders.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
'Exploration should be made easier and companies should be given operational flexibility.'
AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
A potential US-Iran peace deal, expected to be signed on June 19, is anticipated to ease geopolitical stress and benefit various sectors, particularly in India, with analysts suggesting investors await finer details before making significant moves.
Food delivery and e-commerce platform magicpin aims to expand its AI assistant, Vera's, merchant base to over 1 million by the end of 2026. Launched three months ago, Vera already supports over 5 lakh merchants by providing real-time order insights and has facilitated over 50 lakh interactions across various business verticals. The company has invested USD 1 million in its AI stack and plans further enhancements to Vera's capabilities.
Pune police have dismantled a large online gaming racket that defrauded individuals by luring them to invest in fake gaming apps. Two key individuals have been arrested, and a case registered against 12 people. The operation involved a call centre with 120 employees, and police seized substantial amounts of cash, gold, silver, computers, mobile phones, and a pistol during raids.
The Delhi High Court has quashed cases registered by the Delhi Police and the Enforcement Directorate against news portal NewsClick and its editor-in-chief Prabir Purkayastha, citing that the continuation of the FIR was 'a gross abuse of the process of law' and the investment was an economic decision that 'did not spell out any criminal offence'.
Over 700 doctors in Telangana have collectively lost nearly Rs 30 crore to various cyber frauds since September 2024, prompting the Telangana Cyber Security Bureau to hold an awareness meeting for healthcare professionals. Business and investment frauds accounted for the largest share of losses.
In April alone, they snapped up shares worth Rs 19,664 crore, recording their biggest buy since October 2024.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
