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Stock markets surge on US-Iran peace deal, oil price drop

Stock markets surge on US-Iran peace deal, oil price drop

Rediff.com15 Jun 2026

Indian stock markets extended their gains for a second consecutive session, with the Sensex closing 736 points higher, driven by a global equity rally and a significant drop in crude oil prices following the finalisation of a peace deal between the US and Iran to end their 107-day conflict and reopen the Strait of Hormuz.

Wholesale Price Inflation Hits 9.68% in May, Driven by Fuel, Food Costs

Wholesale Price Inflation Hits 9.68% in May, Driven by Fuel, Food Costs

Rediff.com15 Jun 2026

India's wholesale price index (WPI) inflation surged to 9.68 per cent in May, up from 8.26 per cent in April, primarily due to significant increases in the prices of fuel and power, manufactured goods, and food items.

Why are Gen Z investors ditching monthly SIPs for weekly and daily SIPs?

Why are Gen Z investors ditching monthly SIPs for weekly and daily SIPs?

Rediff.com18 Jun 2026

Gen Z is a generation that has been raised in a digital-first era, where shopping, payment, and monetary transactions are done within seconds via smartphones. Moreover, the new flexibility offered by investing platforms is encouraging young investors to opt for investment frequencies that align with their spending patterns and lifestyle. This change has brought up an interesting debate on whether daily and weekly SIPs are better than monthly investments.

'Forget Money. Even Credits Are Missing'

'Forget Money. Even Credits Are Missing'

Rediff.com14 Jun 2025

'Session musicians, background singers, and studio instrumentalists fill out the sound of India's biggest hits. But their names rarely show up on screen.' 'Their royalties never arrive. And their contribution, no matter how iconic, vanishes once the track is mastered.'

Drones To Drive India's Logistics And Clean Tech Growth

Drones To Drive India's Logistics And Clean Tech Growth

Rediff.com15 Jun 2026

A new study predicts a 55 per cent surge in drone deployment across India's logistics and clean tech sectors over the next three years, driven by rapid digitalisation and the need for faster, more sustainable solutions. The Indian logistics market is projected to nearly double to USD 428.7 billion by 2033, highlighting a significant transformation in these key industries.

Nashik Court Extends Custody Of TCS Employees In Conversion Case

Nashik Court Extends Custody Of TCS Employees In Conversion Case

Rediff.com29 Apr 2026

A court in Nashik has extended the police custody of four TCS employees until May 2 in connection with the alleged religious conversion of a male colleague. The accused are also facing accusations of sexual harassment from female colleagues.

India eye KL Rahul at No. 3 vs Afghanistan after Ishan Kishan's ODI recall

India eye KL Rahul at No. 3 vs Afghanistan after Ishan Kishan's ODI recall

Rediff.com12 Jun 2026

Ishan Kishan's wicket-keeping drills ahead of the series opener suggested India could be considering a revised role for KL Rahul in the ODI setup.

Oracle And UPSDM Join Forces To Upskill 3 Lakh In AI, Cloud

Oracle And UPSDM Join Forces To Upskill 3 Lakh In AI, Cloud

Rediff.com15 Jun 2026

Oracle has partnered with the Uttar Pradesh State Skill Development Mission (UPSDM) to provide free digital skills training in AI, cloud, cybersecurity, and data science to 300,000 students and professionals by 2029, aiming to enhance employability and build a future-ready workforce.

Passenger Vehicle Dispatches Hit Record High in May, Driven by GST Cuts

Passenger Vehicle Dispatches Hit Record High in May, Driven by GST Cuts

Rediff.com15 Jun 2026

Domestic passenger vehicle dispatches in India surged by 27.3 per cent year-on-year to a record 4,38,854 units in May, driven by reduced GST rates and easier financing, according to the Society of Indian Automobile Manufacturers (SIAM).

Hormuz Reopening to Ease India's Oil Supply Risks, Lower Prices

Hormuz Reopening to Ease India's Oil Supply Risks, Lower Prices

Rediff.com15 Jun 2026

The reopening of the Strait of Hormuz, following a ceasefire agreement between the US and Iran, is expected to significantly ease India's crude oil supply risks, lower freight costs, and reduce inflationary pressures, as global oil prices have already dropped.

Man Cheats Businessman In Green Chillies Export Deal

Man Cheats Businessman In Green Chillies Export Deal

Rediff.com24 May 2026

A 50-year-old man has been booked in Thane, Maharashtra, for allegedly cheating a businessman of nearly Rs 30 lakh in connection with the export of green chillies to Dubai.

US-Iran Peace Deal to Stabilise Rupee, Boost India's West Asia Exports

US-Iran Peace Deal to Stabilise Rupee, Boost India's West Asia Exports

Rediff.com15 Jun 2026

A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.

Delhi Police Bust Cyber Fraud Ring, Arrest Two

Delhi Police Bust Cyber Fraud Ring, Arrest Two

Rediff.com19 May 2026

Delhi Police have dismantled a cyber fraud racket involving malicious mobile applications, arresting two individuals, including the alleged mastermind from Uttar Pradesh. The accused developed and supplied 'FUD' APK files to cyber fraudsters across the country, enabling them to gain remote access to victims' phones and siphon off money.

FDA Cracks Down On Hospital Pharmacies

FDA Cracks Down On Hospital Pharmacies

Rediff.com15 Jun 2026

'Hospitals sometimes compel patients to purchase medicines only from pharmacies owned by or attached to the hospital, refuse to provide prescriptions, withhold prescriptions, or send prescriptions directly to the hospital pharmacy without patient consent.'

Cognizant CEO Warns Of AI Spending Trap

Cognizant CEO Warns Of AI Spending Trap

Rediff.com15 Jun 2026

'There's been a sense of FOMO, fear mongering and that has led to token consumption without linkages to ROI and without linkages to outcomes.'

Razorpay Confidentially Files Draft IPO Documents With SEBI

Razorpay Confidentially Files Draft IPO Documents With SEBI

Rediff.com15 Jun 2026

Fintech unicorn Razorpay has confidentially filed draft documents with SEBI for an Initial Public Offering, with market sources estimating the issue size between Rs 5,000-6,000 crore. This move comes as a rival firm, PhonePe, has paused its IPO plans.

Mahindra & Mahindra shifts focus beyond tractors to boost future growth

Mahindra & Mahindra shifts focus beyond tractors to boost future growth

Rediff.com15 Jun 2026

Mahindra & Mahindra (M&M) is expanding its farm equipment strategy beyond tractors to include a wider range of mechanisation solutions like harvesters, balers, seed drills, and telematics-enabled services, aiming to capitalise on the growing demand for rental services by rural entrepreneurs and address low mechanisation levels in Indian agriculture.

Stock Markets Today: Sensex, Nifty Surge on US-Iran Peace Deal, Low Oil Price

Stock Markets Today: Sensex, Nifty Surge on US-Iran Peace Deal, Low Oil Price

Rediff.com15 Jun 2026

Indian benchmark indices Sensex and Nifty surged significantly in early trade, mirroring a global rally and a sharp decline in crude oil prices following the finalisation of a peace deal between the US and Iran to end their 107-day conflict and reopen the Strait of Hormuz.

Mark Mobius: The Champion of Emerging Markets

Mark Mobius: The Champion of Emerging Markets

Rediff.com17 Apr 2026

'Mobius made EMs investable and India his most enduring belief.'

Smallest Nations, Biggest Stage: Curacao, Cape Verde Defy All Odds At FIFA World Cup

Smallest Nations, Biggest Stage: Curacao, Cape Verde Defy All Odds At FIFA World Cup

Rediff.com12 Jun 2026

Curacao and Cape Verde, two of the smallest nations globally, have achieved an unprecedented feat by qualifying for the FIFA World Cup.

'People Will Have More Money In Their Hands'

'People Will Have More Money In Their Hands'

Rediff.com6 Feb 2025

'When people have money in their hands, they make their judgment about whether they want to spend it entirely or spend some out of it.'

Man Killed By Family Over Daughter's Wedding Funds

Man Killed By Family Over Daughter's Wedding Funds

Rediff.com22 Apr 2026

A man in Uttar Pradesh was allegedly murdered by his wife, daughters, and minor son over fears he would waste money intended for his daughter's wedding, police said.

Tripura Chit Fund Executives Sentenced In Swindling Case

Tripura Chit Fund Executives Sentenced In Swindling Case

Rediff.com30 May 2026

A special CBI court in Tripura sentenced three executives of a chit fund company to six years of rigorous imprisonment each for swindling Rs 5.5 crore from over 800 depositors.

Paytm Turns Profitable, Focuses On AI Integration

Paytm Turns Profitable, Focuses On AI Integration

Rediff.com7 May 2026

Fintech giant Paytm reports a consolidated profit of Rs 183 crore in Q4 FY26, marking a significant turnaround driven by its core payments business, growth in loans, and consumer-side profitability. The company is also prioritising investments in AI and has ruled out applying for an NBFC licence.

Man Arrested In Meerut For Murder Of Missing Teenager

Man Arrested In Meerut For Murder Of Missing Teenager

Rediff.com1 Jun 2026

Meerut police have solved the case of a missing 17-year-old girl, arresting a 42-year-old man who allegedly murdered her over a monetary dispute and disposed of her body in a drain.

Man Arrested for Duping Over 500 Women in Online Romance Scam

Man Arrested for Duping Over 500 Women in Online Romance Scam

Rediff.com16 Apr 2026

A 35-year-old man has been arrested for allegedly defrauding over 500 women across India of more than Rs 2 crore through fake social media and dating app profiles.

Delhi Driver Arrested For Staging Rs 18 Lakh Robbery

Delhi Driver Arrested For Staging Rs 18 Lakh Robbery

Rediff.com12 May 2026

Delhi Police have arrested a driver who masterminded a robbery of his employer's cash, after initially claiming he was robbed by motorcycle-borne assailants.

30-member SIT to probe attack on ED officials in Kerala

30-member SIT to probe attack on ED officials in Kerala

Rediff.com2 Jun 2026

Kerala Police have formed a 30-member SIT to investigate the attack on Enforcement Directorate officials during a search operation at the residence of former Chief Minister Pinarayi Vijayan.

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

Rediff.com17 Jun 2026

The simmering tension between former Cricket Association of Bengal (CAB) president Avishek Dalmiya and the current Sourav Ganguly-led establishment came out into the open on Wednesday, with the state cricket body's top brass issuing a strongly-worded rebuttal to allegations of corruption and governance failures barely three months before its annual general meeting.

Thane Woman Arrested In Lover's 'Blue Drum' Murder Case

Thane Woman Arrested In Lover's 'Blue Drum' Murder Case

Rediff.com15 May 2026

A woman was arrested in Mumbra, Thane, for allegedly murdering her lover with the help of her relatives, stuffing his body in a drum, and disposing of it in a drain, mirroring a similar case in Meerut.

FSSAI issues notices to 8 food companies over misleading 'healthy' claims

FSSAI issues notices to 8 food companies over misleading 'healthy' claims

Rediff.com14 Jun 2026

The Food Safety and Standards Authority of India (FSSAI) has issued notices to eight food business operators, including Emami Healthy & Tasty and Plan B, for using misleading brand names, trade names, and product claims that violate the Food Safety and Standards Act, 2006.

Kerala's LDF Accuses UDF Candidate of Bribery in Kuttanad Assembly Election

Kerala's LDF Accuses UDF Candidate of Bribery in Kuttanad Assembly Election

Rediff.com12 Apr 2026

The LDF has filed a complaint with the Election Commission alleging that UDF candidate Reji Cheriyan engaged in cash-for-vote practices during the Kuttanad Assembly election campaign.

FPIs Withdraw Rs 62,800 Crore from Indian Equities in First Fortnight of June

FPIs Withdraw Rs 62,800 Crore from Indian Equities in First Fortnight of June

Rediff.com14 Jun 2026

Foreign Portfolio Investors (FPIs) have withdrawn over Rs 62,853 crore from Indian equities in the first fortnight of June, bringing the total outflows for 2026 to Rs 2.87 lakh crore, surpassing the entire 2025 figure, driven by geopolitical tensions, global economic growth concerns, and a weakening rupee.

Suvendu suspends 3 senior IPS officers for mishandling RG Kar rape-murder probe

Suvendu suspends 3 senior IPS officers for mishandling RG Kar rape-murder probe

Rediff.com15 May 2026

West Bengal Chief Minister Suvendu Adhikari has suspended three senior IPS officers for alleged mishandling and dereliction of duty during the initial investigation into the RG Kar hospital rape-murder case.

NSE IPO: Draft Papers Likely Next Week After Decade-Long Delay

NSE IPO: Draft Papers Likely Next Week After Decade-Long Delay

Rediff.com14 Jun 2026

The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.

Hyderabad Police Busts International 'OG Ganja' Smuggling Network

Hyderabad Police Busts International 'OG Ganja' Smuggling Network

Rediff.com9 Jun 2026

Telangana's EAGLE Force, in coordination with Customs and NCB, has dismantled an international 'OG Ganja' smuggling ring operating between Bangkok and India. The operation led to the arrest of a woman junior artist and the seizure of 2.15 kg of cannabis, exposing a larger syndicate that exploits vulnerable women as drug carriers.

Qualifier Chwalinska upsets Kalinskaya to reach French Open semis

Qualifier Chwalinska upsets Kalinskaya to reach French Open semis

Rediff.com3 Jun 2026

Polish qualifier Maja Chwalinska became only the second qualifier in the Open era to reach the Roland Garros semi-finals - and the sixth to achieve the feat at a Grand Slam.

Amazon To Deepen Automation In India With Advanced Robotics

Amazon To Deepen Automation In India With Advanced Robotics

Rediff.com14 Jun 2026

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.

Magicpin's AI Assistant Vera Aims To Double Merchant Base To 1 Million By 2026

Magicpin's AI Assistant Vera Aims To Double Merchant Base To 1 Million By 2026

Rediff.com14 Jun 2026

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.

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