News for 'The Growth and Development'

Understanding The Impact Of New MDR On India's UPI Ecosystem

Understanding The Impact Of New MDR On India's UPI Ecosystem

Rediff.com25 Aug 2026

India's UPI system continues its rapid growth, dominating retail payments. Recent amendments to the Payment and Settlement Systems Act allow for targeted Merchant Discount Rates (MDR) on high-value merchant transactions, aiming to create a self-sustaining revenue model for the ecosystem while keeping P2P and low-value payments free. This move could generate significant revenue and encourage ecosystem participation.

Indian Markets Today: Sensex, Nifty Decline as Crude Hits $91

Indian Markets Today: Sensex, Nifty Decline as Crude Hits $91

Rediff.com18 Aug 2026

Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.

How India's Youth Volleyball Ecosystem Is Building Olympic Aspirations

How India's Youth Volleyball Ecosystem Is Building Olympic Aspirations

Rediff.com17 Aug 2026

India's burgeoning franchise volleyball ecosystem, particularly with dedicated Under-21 tournaments like the Guardians Trophy, is creating a structured pathway for young players. This initiative aims to develop talent from the grassroots to professional levels, fostering cultural adaptation and skill enhancement, with the ultimate goal of strengthening the senior national team and achieving Olympic qualification.

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Rediff.com18 Aug 2026

India's six publicly listed Real Estate Investment Trusts (REITs) collectively distributed approximately 3,136 crore to over 485,000 unitholders during the first quarter (April-June) of the current financial year (FY27), demonstrating the sector's resilience despite global uncertainties.

Mukesh Ambani: 'When Women of India Rise, India Rises'

Mukesh Ambani: 'When Women of India Rise, India Rises'

Rediff.com11 Sep 2026

'When the women of India become unstoppable, India becomes unstoppable.'

How Epigenetic Clocks Unravel The Mysteries Of Biological Aging

How Epigenetic Clocks Unravel The Mysteries Of Biological Aging

Rediff.com17 Aug 2026

A recent study published in npj Aging reveals that epigenetic clocks, which estimate biological age by measuring DNA methylation, capture various aspects of aging biology, including immune system changes, metabolism, and cell communication. Researchers also developed new gene-expression-based clocks that show stronger predictive power for age-related diseases and mortality.

5 Signs that you should no longer be a spectator, but a shareholder

5 Signs that you should no longer be a spectator, but a shareholder

Rediff.com28 Aug 2026

Becoming a shareholder isn't about predicting markets perfectly. What matters more is recognising when you're financially and mentally prepared to participate in wealth creation. If you've been wondering when you should start investing, here are five signs that suggest you're already ready.

Surplus Liquidity from FCNR(B) Inflows to Cut Bank Funding Costs by 50 Bps

Surplus Liquidity from FCNR(B) Inflows to Cut Bank Funding Costs by 50 Bps

Rediff.com6 Sep 2026

Indian banks anticipate a reduction of up to 50 basis points in their funding costs due to a surge in liquidity from robust Foreign Currency Non-Resident (Bank), or FCNR (B), flows, lessening their reliance on more expensive certificates of deposit (CDs).

AI training to free coaching: Modi's big youth push on I-Day

AI training to free coaching: Modi's big youth push on I-Day

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has outlined a comprehensive plan to empower India's youth, including training one crore youngsters in artificial intelligence skills and providing free online coaching for competitive examinations, aiming to position them at the forefront of the nation's journey to become a developed nation by 2047.

John Abraham, Jonty Rhodes Unveil Rotterdam Dockers Jersey for European T20 Premier League

John Abraham, Jonty Rhodes Unveil Rotterdam Dockers Jersey for European T20 Premier League

Rediff.com11 Aug 2026

Bollywood actor John Abraham and cricket legend Jonty Rhodes unveiled the Rotterdam Dockers' team jersey for the inaugural European T20 Premier League, a new tournament featuring six city-based franchises across Europe.

Realty developers roll out flexible payment plans amid slow sales

Realty developers roll out flexible payment plans amid slow sales

Rediff.com4 May 2026

Real estate developers are increasingly offering flexible payment plans, such as low booking amounts and deferred payments, to stimulate housing sales and manage affordability concerns without resorting to price cuts, as sales volumes declined by 14 per cent in 2025.

Manufacturing Sector Sees Strong Growth in May, Driven by Domestic Demand and Infrastructure

Manufacturing Sector Sees Strong Growth in May, Driven by Domestic Demand and Infrastructure

Rediff.com1 Jun 2026

India's manufacturing sector activity reached a three-month high in May, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) rising to 55.0, driven by robust domestic demand, infrastructure projects, and new business gains despite ongoing inflationary pressures.

AI could erode India's outsourcing advantage, warns WB report

AI could erode India's outsourcing advantage, warns WB report

Rediff.com5 Aug 2026

Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.

'Worst Phase For Equities Appears To Be Behind Us'

'Worst Phase For Equities Appears To Be Behind Us'

Rediff.com7 Aug 2026

'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'

Gurnoor Brar Credits Bumrah, Siraj For Improved Consistency

Gurnoor Brar Credits Bumrah, Siraj For Improved Consistency

Rediff.com1 Sep 2026

India pacer Gurnoor Brar discusses how bowling alongside senior quicks Jasprit Bumrah and Mohammad Siraj has improved his consistency in lengths.

HDFC Bank CEO Sashidhar Jagdishan to retire amid governance concerns

HDFC Bank CEO Sashidhar Jagdishan to retire amid governance concerns

Rediff.com29 Aug 2026

Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.

'Students India's future': Prez Murmu promises fair exams in I-Day eve address

'Students India's future': Prez Murmu promises fair exams in I-Day eve address

Rediff.com14 Aug 2026

Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.

India's Economic Growth Credible, Digital Infra Accelerating: Tata Consumer Products Chairman

India's Economic Growth Credible, Digital Infra Accelerating: Tata Consumer Products Chairman

Rediff.com19 May 2026

N Chandrasekaran, chairman of Tata Consumer Products (TCPL), stated that India continues to experience credible economic growth, driven by strong demographic fundamentals and accelerating digital public infrastructure, despite a fragmented global landscape.

GalaxEye Buys StarOps, Expands Space Capabilities

GalaxEye Buys StarOps, Expands Space Capabilities

Rediff.com11 Aug 2026

'From day one, our vision has been to build a company that develops and owns the technologies defining the future of space.'

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

Rediff.com4 Jun 2026

State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.

Irdai's crackdown on insurer operating costs signals stricter compliance

Irdai's crackdown on insurer operating costs signals stricter compliance

Rediff.com24 Aug 2026

The Insurance Regulatory and Development Authority of India's (Irdai) recent actions against insurers for breaching expense of management (EoM) limits indicate a serious commitment to enforcing operating and distribution cost controls, according to industry experts.

Bihar Prohibition Fails To Curb Crime Against Women

Bihar Prohibition Fails To Curb Crime Against Women

Rediff.com17 Aug 2026

'The prohibition regime has been accompanied by concerns regarding the expansion of the illicit liquor trade, increased enforcement challenges and corruption, and the growing use of alternative intoxicants, including illicit drugs.'

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Rediff.com24 Jun 2026

Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.

World Tennis Aims For 30% Participation Boost With New Identity

World Tennis Aims For 30% Participation Boost With New Identity

Rediff.com25 Jun 2026

The International Tennis Federation (ITF) has rebranded as World Tennis, announcing an ambitious vision to increase global participation by 30% to 140 million players by 2035. The organisation, which governs the sport and runs major competitions, plans to reinvest 85% of its income annually for the next decade to achieve its strategic goals, including powering future stars and elevating national competitions. The name change aims to enhance recognition and foster greater collaboration within the sport.

Cockroaches, gutka packet: FSSAI slaps notices on Delhi's JW Marriott, Andaz

Cockroaches, gutka packet: FSSAI slaps notices on Delhi's JW Marriott, Andaz

Rediff.com27 Aug 2026

India's food safety regulator, FSSAI, has issued notices to five-star hotels JW Marriott and Andaz Delhi following inspections that revealed serious hygiene and food-safety violations, including cockroach infestations, expired food, poor sanitation, and improper food storage.

India's Manufacturing PMI Dips to 5-Year Low in July, Signalling Market Headwinds

India's Manufacturing PMI Dips to 5-Year Low in July, Signalling Market Headwinds

Rediff.com3 Aug 2026

India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Rediff.com7 Aug 2026

The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.

US Visa Pause Clouds Travel Plans

US Visa Pause Clouds Travel Plans

Rediff.com27 Aug 2026

'One important clarification is that the reported US action is not a blanket cancellation of all US tourist visas.'

Amid global uncertainty, RBI raises GDP forecast, lowers inflation projection

Amid global uncertainty, RBI raises GDP forecast, lowers inflation projection

Rediff.com5 Aug 2026

The Reserve Bank of India has marginally increased its GDP forecast for the current fiscal to 6.7 per cent while slightly lowering the inflation projection to 5 per cent. The central bank noted that while domestic economic activity shows resilience, global turbulence, particularly re-escalating conflicts and volatile oil prices, continues to pose risks to the inflation outlook.

RBI MPC members hint at rate hikes as inflation risks persist

RBI MPC members hint at rate hikes as inflation risks persist

Rediff.com20 Aug 2026

Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.

How Ai+ Is Investing Rs 100 Crore To Boost Smartphone Security

How Ai+ Is Investing Rs 100 Crore To Boost Smartphone Security

Rediff.com6 Aug 2026

Indigenous smartphone brand Ai+ has announced a Rs 100 crore bug bounty program over five years, inviting independent researchers to identify and address security vulnerabilities. This initiative, named Project Trust+, aims to foster a collaborative environment with the tech community to enhance the safety and resilience of Ai+ products, reflecting the company's commitment to transparent and collaborative security development.

India Inc navigates West Asia conflict: Rising costs, price hikes, and margin pressures

India Inc navigates West Asia conflict: Rising costs, price hikes, and margin pressures

Rediff.com18 Aug 2026

India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.

Electric Revolution: Formula E's Gen4 Aims To Match F1 Speed

Electric Revolution: Formula E's Gen4 Aims To Match F1 Speed

Rediff.com17 Aug 2026

Formula E is entering its Gen4 era with ambitious plans to close the performance gap with Formula One, aiming for near-F1 speeds on several tracks by the end of the next four-season cycle. The all-electric series anticipates Gen4 cars reaching 335 kmph with significant lap time improvements, driven by advanced technology and high efficiency. Despite manufacturer exits, co-founder Alberto Longo asserts continued interest, while CEO Jeff Dodds believes electric racing could eventually surpass F1 in performance, bolstered by new partnerships like Disney+ to boost awareness.

Godrej Properties' rerating hinges on sales growth

Godrej Properties' rerating hinges on sales growth

Rediff.com22 Apr 2026

Godrej Properties closed FY26 with record bookings and presales, exceeding its annual guidance, but brokerages express concerns over weak cash-flow generation and the ability to sustain growth amidst a muted real estate market.

High-level panel set up to tackle road woes in Maha's Chakan industrial belt

High-level panel set up to tackle road woes in Maha's Chakan industrial belt

Rediff.com16 Aug 2026

The Maharashtra government has constituted a high-level committee to address road repairs, traffic congestion and management issues in the rapidly expanding Chakan industrial belt in Pune district, and set up a mechanism for time-bound redressal of industrial grievances.

Apple achieves record June quarter revenue, but faces challenges

Apple achieves record June quarter revenue, but faces challenges

Rediff.com31 Jul 2026

Tech giant Apple reported a record June quarter revenue of USD 109.4 billion, a 16 per cent year-on-year increase, with significant double-digit growth in emerging markets like India. However, the company anticipates business risks in the coming quarters due to rising memory chip prices and ongoing supply constraints.

NRAI Drives Global Standards With ISSF Shotgun Referee Course

NRAI Drives Global Standards With ISSF Shotgun Referee Course

Rediff.com3 Aug 2026

The National Rifle Association of India (NRAI) has launched the ISSF Shotgun Referee Course in New Delhi, a five-day programme aimed at developing internationally qualified technical officials for shooting sports. The course, led by ISSF instructor Nooruddin Alyasi, attracts participants from India, Saudi Arabia, and Sri Lanka, signifying a major step towards enhancing officiating standards and technical infrastructure in the region.

'HDFC Merger Contributed To HDFC Bank's Troubles'

'HDFC Merger Contributed To HDFC Bank's Troubles'

Rediff.com7 Sep 2026

'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'

Indian Golf Premier League And Asian Tour Reaffirm Collaboration

Indian Golf Premier League And Asian Tour Reaffirm Collaboration

Rediff.com31 Jul 2026

The AM Green Indian Golf Premier League (IGPL) and the Asian Tour have reaffirmed their partnership, aiming to expand playing opportunities and player development for Indian golfers on the international circuit, following successful tournaments in Morocco.

Manush Shah: UTT success provides 'perfect platform' for Asian Games

Manush Shah: UTT success provides 'perfect platform' for Asian Games

Rediff.com10 Aug 2026

India's top paddler Manush Shah believes the Butterfly Ultimate Table Tennis (UTT) campaign has significantly boosted team chemistry and momentum, providing a 'perfect platform' for the upcoming Asian Games.