News for 'The Financial World'

Provisional NSF Status For FMSCI Paves Way For F1 Return

Provisional NSF Status For FMSCI Paves Way For F1 Return

Rediff.com24 Jul 2026

The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF). This status makes FMSCI eligible for financial grants and is a significant step in the government's efforts to bring Formula 1 racing back to India, with a Task Force also being formed to explore hosting major motorsport events.

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

Rediff.com4 Aug 2026

As many as 274 fugitives have been repatriated from 36 countries in the last 7 years, an average of around 40 per year and a 10-fold jump from the 2004-13 period when around four fugitives were brought back every year, the government said on Tuesday.

Shakib ready to return to Bangladesh, but sets big condition

Shakib ready to return to Bangladesh, but sets big condition

Rediff.com7 Aug 2026

Bangladeshi cricket legend Shakib Al Hasan, an ally of ousted PM Sheikh Hasina, is willing to return from exile in the US to face charges, including murder, if the government guarantees his safety. He hopes to play a farewell series and represent Bangladesh in the 2027 World Cup, highlighting the challenges faced by Hasina's allies after her government's fall.

Temasek looks to cash in on IPL boom as investor race heats up

Temasek looks to cash in on IPL boom as investor race heats up

Rediff.com22 Jul 2026

Temasek is exploring investment opportunities in India's booming IPL cricket league, a senior executive told Reuters, making the Singapore state investor the latest player to target one of the world's richest sports tournaments.

Netweb Technologies Records Stellar Q1 Growth Driven By AI Systems

Netweb Technologies Records Stellar Q1 Growth Driven By AI Systems

Rediff.com28 Jul 2026

High-performance computing server maker Netweb Technologies reported a more than twofold increase in net profit to Rs 85.32 crore for the first quarter ended June 30, 2026. This significant growth was primarily driven by its AI Systems segment, which contributed over 62% of the revenue. The company also saw its revenue from operations more than double to Rs 819.6 crore, reflecting strong demand and disciplined execution, with a robust order book of Rs 2,507 crore.

World Bank ups India's FY27 growth to 6.6% amid global slowdown

World Bank ups India's FY27 growth to 6.6% amid global slowdown

Rediff.com12 Jun 2026

The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.

FIFA World Cup brings back bitter memories for Mexico's missing families

FIFA World Cup brings back bitter memories for Mexico's missing families

Rediff.com24 Jun 2026

Mexico counts more than 135,000 missing people, a figure that has surged since 2006 when then-President Felipe Calderon launched a war against the country's drug cartels.

T20 World Cup: Mother sold her jewellery to buy me cricket kit: Kranti Gaud

T20 World Cup: Mother sold her jewellery to buy me cricket kit: Kranti Gaud

Rediff.com23 Jun 2026

Despite becoming a regular member of the Indian women's cricket team, pacer Kranti Gaud has not forgotten her roots and the sacrifices that her parents made to support her career and she wants to repay their faith by excelling at the ongoing T20 World Cup in Manchester.

Olympic Medallist Vijender Singh Seeks Ministry Support For Haryana Boxing Academy

Olympic Medallist Vijender Singh Seeks Ministry Support For Haryana Boxing Academy

Rediff.com22 Jul 2026

Indian boxing icon Vijender Singh is planning to establish a boxing academy in his ancestral village of Kaluwas, Bhiwani, and has sought financial assistance from the Sports Ministry.

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.

Aspiring Cricketer's Suicide: A Wake-Up Call

Aspiring Cricketer's Suicide: A Wake-Up Call

Rediff.com3 Aug 2026

Millions play cricket in India; only a few reach the IPL teams or the Indian team. Sometimes, a player may not get selected not due to lack of skill, at other times it may be due to team balance. But what every youngster should remember is that talent is permanent; selection is temporary, notes K R Nayar.

Here's why Kohli's RCB is IPL's most valuable team

Here's why Kohli's RCB is IPL's most valuable team

Rediff.com29 Jul 2026

The business value of the Indian Premier League (IPL) has surged by over 11% to $20.6 billion this year, according to U.S.-based investment bank Houlihan Lokey. This growth is driven by its robust commercial model, attracting significant investor interest, as evidenced by recent franchise ownership changes and a diversified commercial ecosystem.

Vishy Anand Changes His Mind, Will Contest FIDE Poll

Vishy Anand Changes His Mind, Will Contest FIDE Poll

Rediff.com29 Jul 2026

Former World Champion Viswanathan Anand has reversed his earlier decision not to seek another term and will contest the election for the FIDE Deputy President's post.

Can A Couple With Different Political Views Have A Healthy Relationship?

Can A Couple With Different Political Views Have A Healthy Relationship?

Rediff.com10 Aug 2026

With political divisions dominating conversations, can couples with opposing views stay together?

N R Narayana Murthy: 'There Is Lot Of Confusion About AI'

N R Narayana Murthy: 'There Is Lot Of Confusion About AI'

Rediff.com3 Aug 2026

'At the end of the day, it is just another technology produced by the human mind.'

FIFA's $20 Billion Subsidiary Plan: Infantino's Ultimatum & Global Backlash

FIFA's $20 Billion Subsidiary Plan: Infantino's Ultimatum & Global Backlash

Rediff.com30 Jul 2026

FIFA President Gianni Infantino's proposal to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to commercialise its events and offer stakes to external investors, has drawn significant criticism from governing bodies like UEFA and CONCACAF, who accuse FIFA of a lack of transparency and attempting to 'sell the soul of football'.

Raghav Juyal's Brother Makes A Fascinating Film!

Raghav Juyal's Brother Makes A Fascinating Film!

Rediff.com11 Aug 2026

'Raghav and I complement each other. He talks to me a lot about form and how he approaches his characters. Our paths are different, but we both are very much aligned emotionally.'

Jio Financial formalises general insurance foray with Allianz

Jio Financial formalises general insurance foray with Allianz

Rediff.com23 Apr 2026

Jio Financial Services and Munich-based Allianz Group have signed a binding agreement to establish a 50:50 joint venture for general and health insurance in India, building on an earlier reinsurance partnership.

Why Malaysia Is Winning Indian Tourists

Why Malaysia Is Winning Indian Tourists

Rediff.com4 Aug 2026

Go once. You will know, even before you board the flight home, that you will return.

Can India's New Mobile Scheme Beat China?

Can India's New Mobile Scheme Beat China?

Rediff.com30 Jul 2026

Apple Inc, which had planned to shift only 10 per cent of its global production base from China to India with respect to iPhones at the end of FY26, is currently churning out one out of every four iPhones in the world from India.

Infosys Q1 Net Profit Up 12.2%, Lowers Full-Year Revenue Growth Forecast

Infosys Q1 Net Profit Up 12.2%, Lowers Full-Year Revenue Growth Forecast

Rediff.com23 Jul 2026

Infosys reported a 12.2 per cent year-on-year increase in consolidated net profit for the June quarter, reaching Rs 7,769 crore, but simultaneously lowered its full-year FY27 revenue growth outlook to 1.5-3 per cent, citing an uncertain macro-environment.

Zee To Broadcast 2026 Football World Cup In India

Zee To Broadcast 2026 Football World Cup In India

Rediff.com1 Jun 2026

Zee Entertainment said on Monday it had secured the rights to broadcast the 2026 FIFA World Cup and 38 other FIFA events through 2034.

What India is doing to win the 2036 Olympics bid

What India is doing to win the 2036 Olympics bid

Rediff.com9 Jul 2026

India has announced a calendar of 29 international sporting events over the next two years, aiming to bolster its credentials as a host nation. This strategic move is part of its larger goal to secure bids for the 2036 Olympic Games, the 2030 Commonwealth Games, and the 2038 Asian Games, showcasing its capacity to host large-scale multi-sport spectacles.

'Manmohan Singh's 1991 Budget Speech Was Freedom Day For Us'

'Manmohan Singh's 1991 Budget Speech Was Freedom Day For Us'

Rediff.com7 Aug 2026

'1991 was an exceptional period in Indian history.' 'A big 400-volt shock was administered to the system, which was required. Today, we are in a much, much better position.'

India's Growth Pace May Dip as Global Economy Slows, Warns Moody's Analytics

India's Growth Pace May Dip as Global Economy Slows, Warns Moody's Analytics

Rediff.com17 Jul 2026

Moody's Analytics predicts India will remain the fastest-growing major economy in 2026 and 2027, but its pace will moderate due to a global slowdown, geopolitical risks, and financial market volatility, despite the boost from AI demand.

Hormuz Crisis Exposes India's Energy Risks

Hormuz Crisis Exposes India's Energy Risks

Rediff.com20 Jul 2026

Despite decades of efforts towards energy transition, oil will remain the critical energy source for all nations for some decades. We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it, points out former foreign secretary Ranjan Mathai.

Why Have Flipkart, Netflix Tied Up?

Why Have Flipkart, Netflix Tied Up?

Rediff.com1 Aug 2026

'GenZ today is close to 45 to 50 per cent of the overall shopping journeys in the country. They are also very content-first in terms of entertainment or otherwise, general gratification of content and discovery.'

Indian Students In Canada Face 'Post-Graduation Work Permit' Shock

Indian Students In Canada Face 'Post-Graduation Work Permit' Shock

Rediff.com22 Jul 2026

For hundreds of Indian scholars who journeyed to Canada aiming for a foreign degree and a path toward long-term career opportunities, what should have been a triumphant graduation has instead spiralled into deep uncertainty.

Will SpaceX IPO make Elon Musk the world's first trillionaire?

Will SpaceX IPO make Elon Musk the world's first trillionaire?

Rediff.com21 May 2026

Elon Musk, already the world's richest person, may soon become the first trillionaire as his space and AI company, SpaceX, prepares for a public listing. The IPO is expected to be the largest ever, surpassing Aramco's 2020 listing, but recent filings reveal a challenging financial picture for SpaceX.

Aston Villa's Morgan Rogers Joins Chelsea In Record-Breaking $157 Million Deal

Aston Villa's Morgan Rogers Joins Chelsea In Record-Breaking $157 Million Deal

Rediff.com22 Jul 2026

Chelsea has signed England international Morgan Rogers from Aston Villa for a reported 117 million, making him the most expensive British player. Rogers, who previously helped Villa win the Europa League, expressed excitement about joining Chelsea, a club he has always admired.

FIDE's AICF Nomination Stirs Hornet's Nest

FIDE's AICF Nomination Stirs Hornet's Nest

Rediff.com25 Jul 2026

FIDE's decision to shortlist the All India Chess Federation for a prestigious FIDE Excellence Award has ignited a fierce debate within the Indian chess community.

When Being Malayali Came With A VIP Pass

When Being Malayali Came With A VIP Pass

Rediff.com25 Jul 2026

As they say some doors open because of who you know, and some, it turns out, open just because of where you're from, recalls Binu Alex.

Modi takes a dig at 'young' Rahul Gandhi while praising youth power

Modi takes a dig at 'young' Rahul Gandhi while praising youth power

Rediff.com20 Jul 2026

Prime Minister Narendra Modi lauded young Indian innovators for the country's first privately developed orbital rocket, Skyroot Aerospace's Vikram-1, which made India the third nation with private orbital launch capabilities. While praising the 28-year-old average age of the Skyroot team, Modi made a veiled remark about a "56-year-old young man," widely understood to be a dig at Congress leader Rahul Gandhi, who recently turned 56.

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Rediff.com20 Jul 2026

The Indian Special Olympics football team secured a bronze medal at the Gothia Cup in Sweden, marking their third consecutive podium finish. Special Olympics Bharat president Malika Nadda praised the team's resilience and determination, while coaches highlighted the challenges of adapting to artificial turf and expressed ambitions for future gold medals.

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Special Olympics Bharat Hails Football Team's Gothia Cup Bronze

Rediff.com20 Jul 2026

The Indian Special Olympics football team secured a bronze medal at the Gothia Cup in Sweden, marking their third consecutive podium finish. Special Olympics Bharat president Malika Nadda praised the team's resilience and determination, while coaches highlighted the challenges of adapting to artificial turf and expressed ambitions for future gold medals.

How Yan Diomande Went From Florida To World Cup

How Yan Diomande Went From Florida To World Cup

Rediff.com19 May 2026

Yan Diomande, a 19-year-old winger from the Ivory Coast, has experienced a meteoric rise in the world of football, going from playing in a Florida high school to representing his country at the World Cup. His journey involved overcoming cultural challenges and excelling in both the United States and Europe, ultimately leading to his selection for the Ivory Coast national team.

Ahead Of Spider-Man: Brand New Day, Every Spider-Man Film Ranked

Ahead Of Spider-Man: Brand New Day, Every Spider-Man Film Ranked

Rediff.com29 Jul 2026

Ahead of Spider-Man: Brand New Day, we rank every live-action Spider-Man movie from the critically acclaimed Spider-Man 2 to the less successful The Amazing Spider-Man 2.

IndiGo Secures Largest Ever LEAP Engine Order For A320 Neo Fleet

IndiGo Secures Largest Ever LEAP Engine Order For A320 Neo Fleet

Rediff.com20 Jul 2026

IndiGo, India's largest airline, has placed a record-breaking order with CFM International for over 1,000 LEAP-1A engines to power its 510 Airbus A320 neo family aircraft. This significant deal, announced at the Farnborough International Airshow, also includes extensive MRO support and material services, reinforcing CFM's commitment to the Indian aviation market.

Zee Entertainment in talks to stream 2026 FIFA World Cup in India

Zee Entertainment in talks to stream 2026 FIFA World Cup in India

Rediff.com27 May 2026

With the 2026 FIFA World Cup just weeks away, uncertainty over India's broadcast rights continues amid legal intervention and concerns over free-to-air access for football fans.

Corporate Earnings, Monsoon to Drive Next Leg of Indian Market Rally: Morgan Stanley

Corporate Earnings, Monsoon to Drive Next Leg of Indian Market Rally: Morgan Stanley

Rediff.com7 Jul 2026

Morgan Stanley analysts, led by Ridham Desai, predict that the next phase of the Indian market rally will be primarily driven by the April-June quarter (Q1FY27) corporate earnings season and the performance of the monsoon.