News for 'Office of Profit'

'Crime Wasn't Just Fraud. It Was Murder For Profit'

'Crime Wasn't Just Fraud. It Was Murder For Profit'

Rediff.com8 Oct 2025

Murders disguised as accidents. In one horrifying case, a man insured his father, mother, and wife -- then allegedly killed them all. He claimed Rs 54 crore in insurance.

Will Gold Price Cross 2 Lakhs In 2026?

Will Gold Price Cross 2 Lakhs In 2026?

Rediff.com23 Jan 2026

'A breakout above 158,000 to 160,000 could trigger the next leg higher toward 165,000 to 170,000.'

First-time luxury buyers power BMW to record sales

First-time luxury buyers power BMW to record sales

Rediff.com19 Jan 2026

The share of first-time luxury customers in BMW's portfolio has risen sharply -- from around 43 per cent in 2024 to nearly 49 per cent in 2025. In some models, the figure is even higher.

Govt notifies rules to enable 100% FDI in insurance sector

Govt notifies rules to enable 100% FDI in insurance sector

Rediff.com1 Jan 2026

Following the notification allowing 100 per cent foreign direct investment (FDI) in the insurance sector, the Finance Ministry has revised norms to remove the requirement that a majority of directors and key management personnel in an insurance company with foreign investment be Indian residents.

Rs 10L Trading Profit: 'How Much Tax Will I Pay?'

Rs 10L Trading Profit: 'How Much Tax Will I Pay?'

Rediff.com7 Oct 2025

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

How Deepinder Goyal Rewired Zomato

How Deepinder Goyal Rewired Zomato

Rediff.com23 Dec 2025

Zomato was not just recovering, it was rebuilding and reinventing, showing signs of maturing as a business. Chaos had been turned into momentum. A fascinating excerpt from Megha Vishwanath's book, UNSEEN: The Untold Story of Deepinder Goyal And The Making Of Zomato.

Cognizant Sept qtr profit rises 7.3% to $5.4 billion

Cognizant Sept qtr profit rises 7.3% to $5.4 billion

Rediff.com29 Oct 2025

US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to $5,415 million for the quarter ended September 2025. In the last quarter, the company had guided its third-quarter revenue to be between $5.27-5.35 billion.

A Long-Term Portfolio Should Include...

A Long-Term Portfolio Should Include...

Rediff.com19 Jan 2026

'...a mix of asset classes.' 'Include equities for growth (across market caps), debt for stability and liquidity, gold as a hedge against macro and currency risk, and global assets for geographical and economic diversification.'

Why non- NCR developers are flocking to Gurugram

Why non- NCR developers are flocking to Gurugram

Rediff.com30 Dec 2025

Gurugram, already established as the corporate hub of Delhi-NCR, is increasingly attracting developers from outside the region, drawn by robust end-user demand, premium pricing, and emerging development opportunities.

Will Gold's Bull Run Continue in 2026?

Will Gold's Bull Run Continue in 2026?

Rediff.com31 Dec 2025

'We expect modest returns in 2026 versus the steep gains seen over the past few years.'

LS clears Insurance Amendment Bill to allow 100% FDI in insurance sector

LS clears Insurance Amendment Bill to allow 100% FDI in insurance sector

Rediff.com17 Dec 2025

Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance penetration by making policies more affordable.

Second wave of dematerialisation takes off in unlisted companies

Second wave of dematerialisation takes off in unlisted companies

Rediff.com26 Dec 2025

In the mid-1990s, when the shares of listed companies first began to be held in electronic form, they accounted for less than 1 per cent of the stocks bought and sold on the stock exchanges. This climbed to 99.5 per cent by 2001.

PSBs rework branch plan to pare costs

PSBs rework branch plan to pare costs

Rediff.com23 Dec 2025

In order to optimise branch efficiency, public sector banks (PSBs) are reworking their strategies to streamline operations and reduce cost amid changing customer behaviour. The strategies include closing or merging low traffic branches and reducing their size in smaller centres.

Mamdani's success story to inspire generations

Mamdani's success story to inspire generations

Rediff.com1 Jan 2026

Indian-descent democratic socialist Zohran Mamdani has been sworn in as the Mayor of New York City, marking a new era for the city with a focus on affordability and working-class New Yorkers.

When Harry Met Sally Director, Wife Stabbed To Death

When Harry Met Sally Director, Wife Stabbed To Death

Rediff.com15 Dec 2025

The deaths are being investigated as a homicide by the Los Angeles police department, with reports indicating that the couple was stabbed to death.

Tax forms for charitable institutions set for overhaul

Tax forms for charitable institutions set for overhaul

Rediff.com4 Dec 2025

As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Debjyoti Das, principal chief commissioner of income tax (exemption), said the new Act has already reorganised exemption provisions into a clearer and more coherent structure, and the accompanying procedures and forms are now being examined.

Rajdhani Express runs over 7 elephants in Assam, 5 coaches derail

Rajdhani Express runs over 7 elephants in Assam, 5 coaches derail

Rediff.com20 Dec 2025

At least seven elephants were killed, and one was injured after a herd of jumbos was hit by the Sairang-New Delhi Rajdhani Express in Assam's Hojai district early Saturday, officials said.

Marico Q2 net down 0.7%

Marico Q2 net down 0.7%

Rediff.com16 Nov 2025

The consolidated net profit of Marico, the maker of Parachute coconut oil, declined 0.7 per cent in the second quarter (July-September) of 2025-26 (Q2FY26).

India a top priority: Prosus CEO

India a top priority: Prosus CEO

Rediff.com2 Dec 2025

Highlighting India as the company's most important growth market, Fabricio Bloisi, group chief executive officer (CEO) of the Dutch technology investor Prosus signaled a sharp acceleration in artificial-intelligence investments across its portfolio in the country.

Prosus says India as one of its most critical growth markets

Prosus says India as one of its most critical growth markets

Rediff.com25 Dec 2025

Prosus, the Amsterdam-based technology investor with net assets valued at over $200 billion spanning payments to e-commerce, has identified India as one of its most critical growth markets, and is increasing its strategic investments here.

JLR cyberattack hit TaMo PV Q2 showing; FY26 outlook cut

JLR cyberattack hit TaMo PV Q2 showing; FY26 outlook cut

Rediff.com15 Nov 2025

Tata Motors Passenger Vehicles (TMPV) on Friday reported a 13 per cent year-on-year (Y-o-Y) decline in consolidated revenue from operations for the second quarter of 2025-26 (Q2FY26), largely due to the cyberattack on its subsidiary Jaguar Land Rover (JLR) in late August that forced a shutdown of its manufacturing operations for over five weeks.

Britannia Industries looks to drive volume-led growth

Britannia Industries looks to drive volume-led growth

Rediff.com8 Nov 2025

Britannia Industries is looking to drive volume-led growth as it looks to target regions, consumer-centric products and distribution. The company also wants to make sure that it is price-competitive in each of the regions.

HCLTech profit flat at Rs 4,235 cr, revenue rises 10.7% in Q2FY26

HCLTech profit flat at Rs 4,235 cr, revenue rises 10.7% in Q2FY26

Rediff.com14 Oct 2025

HCLTech reported flat net income of Rs 4,235 crore in the second quarter of 2025-26 (Q2FY26) compared to last year, even as its revenue was up 10.7 per cent to Rs 31,492 crore helped by financial services and technology business verticals.

The OTT Battle Is For Audiences And Their Time

The OTT Battle Is For Audiences And Their Time

Rediff.com20 Dec 2025

Only firms that have scale in content and a technology engine that drives its discovery and monetisation can compete,' explains Vanita Kohli Khandekar.

Active banking funds fail to capitalise on PSU rally: Value Research data

Active banking funds fail to capitalise on PSU rally: Value Research data

Rediff.com29 Nov 2025

Sectoral funds, focused exclusively on public sector banks (PSBs), have delivered the strongest returns among domestic mutual fund (MF) categories over the past six months. However, active banking funds have significantly lagged because of their heavy tilt towards private lenders.

'IndiGo Must Be Broken Up Into 3 Or 4 Airlines'

'IndiGo Must Be Broken Up Into 3 Or 4 Airlines'

Rediff.com9 Dec 2025

'IndiGo is fooling the country and the government has succumbed to it.'

Insurance sector premium growth crossed 20% in Nov

Insurance sector premium growth crossed 20% in Nov

Rediff.com9 Dec 2025

Both the life and non-life insurance segment posted over 20 per cent premium growth in November for the first time in this financial year (FY26), supported by the reduction in goods and services tax (GST) on premiums from 18 per cent to zero and a favourable base effect.

Want To Invest In US Markets? Read This

Want To Invest In US Markets? Read This

Rediff.com24 Nov 2025

New investors or those with lower-than-planned exposure should add US-oriented funds through SIPs.

'Goa Nightclub Fire Was Murder!'

'Goa Nightclub Fire Was Murder!'

Rediff.com9 Dec 2025

'When an establishment operates despite demolition or closure orders, without proper fire exits, evacuation plans or safety audits, and yet is allowed to host large crowds, the state cannot hide behind the language of accident.' 'The authorities were aware of the risks and of the violations, but chose not to act decisively because doing so would have inconvenienced those with influence and financial stakes.' 'In such a scenario, the moral and legal responsibility for the resulting deaths moves from negligence towards culpability; calling it 'murder' is a way of underlining that these lives were sacrificed at the altar of greed and complicity, not fate.'

Govt plans new law on MPs holding office of profit to meet current needs

Govt plans new law on MPs holding office of profit to meet current needs

Rediff.com17 Nov 2024

The Indian government is planning to repeal a 65-year-old law that disqualifies MPs for holding office of profit and introduce a new one aligned with current needs. The draft bill proposes to simplify the existing law, remove the negative list of offices that cause disqualification, and address conflicts with other statutes. It also seeks to empower the central government to amend the schedule of offices by issuing a notification, replacing the existing provision for temporary suspension of disqualification.

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Rediff.com18 Jul 2025

In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.

Siemens net profit down over 37% to Rs 408 crore in Q4

Siemens net profit down over 37% to Rs 408 crore in Q4

Rediff.com14 May 2025

Siemens on Tuesday reported over 37 per cent decline in its net profit to Rs 408 crore in March quarter, compared to the same period year ago, mainly due to under-absorption of fixed costs and higher material costs in the Digital Industries business. The company follows an October to September fiscal year.

UPI Goes Global, Fintech Hits A Wall

UPI Goes Global, Fintech Hits A Wall

Rediff.com1 Nov 2025

'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'

Young Earners, Start With A Minimum Rs 1 Cr Cover

Young Earners, Start With A Minimum Rs 1 Cr Cover

Rediff.com27 Nov 2025

Younger customers should opt for increasing cover as their financial commitments are likely to rise in the future.

IndiGo flies into red on forex headwinds; Q2 loss widens to Rs 2,582 cr

IndiGo flies into red on forex headwinds; Q2 loss widens to Rs 2,582 cr

Rediff.com4 Nov 2025

The country's largest airline IndiGo on Tuesday reported a loss of Rs 2,582.10 crore in the September quarter as higher forex losses and expenses impacted the bottom line, and it expects to induct the first long range Airbus A321 XLR aircraft in December. The airline, which had a loss of Rs 986.7 crore in the year-ago period, said hedging actions and more revenues in foreign currencies from international operations will help cushion the currency movements.

'Movies Have To Be Good To Bring People To Cinemas'

'Movies Have To Be Good To Bring People To Cinemas'

Rediff.com18 Oct 2025

'Last year, we had about 10 to 12 per cent of Hollywood films as a box-office contribution. This year already, it has jumped up to 24 per cent because the lineup is very strong.'

Revenue up, but TaMo profit down 51%

Revenue up, but TaMo profit down 51%

Rediff.com14 May 2025

Automotive (auto) major Tata Motors posted a 51 per cent drop in consolidated net profit for the January-March quarter (Q4) of 2024-25 (FY25), to Rs 8,470 crore, due to a deferred tax asset of almost Rs 9,000 crore in the corresponding quarter of the previous financial year and an exceptional item of Rs 566 crore during the quarter. Revenue was up just 0.5 per cent year-on-year (Y-o-Y) at Rs 1.18 trillion for Q4FY25.

From state lawmaker to mayor of America's largest city

From state lawmaker to mayor of America's largest city

Rediff.com5 Nov 2025

Democratic socialist Zohran Mamdani, of Indian descent, has won the New York City mayoral election, becoming the first Muslim, first Indian-origin, first African-born, and youngest mayor in over a century. His victory is seen as a significant moment for the city and the Indian-American community.

'Emirates NBD Is In RBL For 15-20 Years'

'Emirates NBD Is In RBL For 15-20 Years'

Rediff.com29 Oct 2025

'It is not looking at valuation, but investment, growth and ultimately better profit for stakeholders.'

'Jungle Raj', Chhath puja: How Modi delivered big in Bihar

'Jungle Raj', Chhath puja: How Modi delivered big in Bihar

Rediff.com14 Nov 2025

A recurring theme of the prime minister's election rallies was the reminder of the 'jungle raj' during the RJD rule under chief ministers Lalu Prasad and Rabri Devi, and there were special efforts to ensure that the youth in the state does not get swayed by the promises made by Tejashwi Yadav.