News for 'US Company'

IBC-tax law mismatch clouds loss carry-forward benefits

IBC-tax law mismatch clouds loss carry-forward benefits

Rediff.com2 May 2026

A growing conflict between India's insolvency law and tax rules is creating fresh uncertainty for companies undergoing resolution, with tax authorities increasingly denying the benefit of carrying forward past losses even after resolution plans have been approved by the National Company Law Tribunal (NCLT).

Nashik TCS officer denied bail over inaction on sexual harassment complaint

Nashik TCS officer denied bail over inaction on sexual harassment complaint

Rediff.com17 May 2026

A Nashik court has denied bail to a TCS site head, Ashwini Chainani, in a sexual harassment and conversion case, citing her failure to act on the victim's complaints. The court also rejected bail for other accused individuals in the case.

Gurugram Woman Strangled, Body Found Hidden Under Bed

Gurugram Woman Strangled, Body Found Hidden Under Bed

Rediff.com12 May 2026

A 22-year-old woman was allegedly strangled to death in a village near Manesar, Gurugram, and her body was found hidden under a bed in a neighbour's room, police said.

ServiceNow Enhances AI Control Tower For Enterprise Governance

ServiceNow Enhances AI Control Tower For Enterprise Governance

Rediff.com6 May 2026

ServiceNow has announced an expansion of its AI Control Tower offering with new capabilities that give enterprises control over every AI system, agent, and workflow, regardless of where it runs.

Thane Wall Collapse: Negligence Case Filed After Worker's Death

Thane Wall Collapse: Negligence Case Filed After Worker's Death

Rediff.com14 May 2026

Police in Thane, Maharashtra, have filed a case against three individuals, including a safety manager, for causing death by negligence after a 22-year-old worker died in a wall collapse during construction in December 2024.

Suvendu issues 'final' warning, vows zero tolerance on attacks against police

Suvendu issues 'final' warning, vows zero tolerance on attacks against police

Rediff.com18 May 2026

West Bengal Chief Minister Suvendu Adhikari has declared a zero-tolerance policy towards vandalism and attacks on police personnel following violent protests in Kolkata. He warned of strict legal action and promised full government support for law enforcement.

How Cold-Rolled Engineering Can Transform Mining

How Cold-Rolled Engineering Can Transform Mining

Rediff.com6 May 2026

Experts say cold-rolled formed engineering solutions are driving a sustainability shift in the mining sector as the process generates minimal scrap, which can reduce waste generation by up to 80 per cent compared to conventional methods.

Punjab Minister Sanjeev Arora In ED Custody: Here's Why

Punjab Minister Sanjeev Arora In ED Custody: Here's Why

Rediff.com10 May 2026

A court in Gurugram has sent Punjab's Industries Minister Sanjeev Arora to seven days of ED custody in a money laundering case, officials said on Sunday.

Is GalaxEye's Mission Drishti Satellite Okay?

Is GalaxEye's Mission Drishti Satellite Okay?

Rediff.com12 May 2026

Concerns are rising about the status of GalaxEye Space's Mission Drishti, India's first Made in India OptoSAR satellite, launched on May 3. Reports suggest the satellite is tumbling in space, and experts highlight potential issues with solar panel deployment and stabilisation. The company has remained silent on the matter, fueling further speculation.

CBI Files Chargesheet Against AVJ Developers For Alleged Cheating

CBI Files Chargesheet Against AVJ Developers For Alleged Cheating

Rediff.com6 May 2026

The CBI has filed a chargesheet against AVJ Developers, bank officials, and others for allegedly cheating financial institutions and homebuyers in Greater Noida.

Delhi Man Arrested For Selling Counterfeit Luxury Brands

Delhi Man Arrested For Selling Counterfeit Luxury Brands

Rediff.com14 May 2026

A 35-year-old man has been arrested in Delhi for allegedly selling counterfeit products of international luxury brands from his shop in Shalimar Bagh. Police seized a large quantity of fake branded items, including clothing, watches, and accessories.

ED Arrests Punjab Minister Sanjeev Arora In Money Laundering Case

ED Arrests Punjab Minister Sanjeev Arora In Money Laundering Case

Rediff.com9 May 2026

The Enforcement Directorate (ED) has arrested Punjab Industries Minister Sanjeev Arora in connection with a money laundering case involving alleged fake GST purchases and round-tripping of funds. Raids were conducted at multiple locations, and Arora was taken into custody under the Prevention of Money Laundering Act (PMLA). This follows previous actions against Arora and other politically connected individuals in Punjab.

Kanpur Police Nab Mastermind Of Rs 3,200 Crore Fake Firm Racket

Kanpur Police Nab Mastermind Of Rs 3,200 Crore Fake Firm Racket

Rediff.com7 May 2026

Police in Kanpur have arrested a suspected mastermind behind a network of fake firms, forged documents, and suspected hawala transactions worth over Rs 3,200 crore.

2 more chip packing units to come up by December: Vaishnaw

2 more chip packing units to come up by December: Vaishnaw

Rediff.com12 May 2026

Union Minister Ashwini Vaishnaw announced that two more semiconductor chip packaging units, part of the India Semiconductor Mission, are expected to be operational by July and December, respectively. He also highlighted India's focus on becoming a beneficiary of AI technology, expanding data centre infrastructure with significant investments, and developing new subsea cable networks for global connectivity.

Three Indian-Origin Men Convicted In Canada Couple Murder

Three Indian-Origin Men Convicted In Canada Couple Murder

Rediff.com9 May 2026

Three Indian-origin men have been found guilty of first-degree murder in Canada in connection with the killing of a couple in Abbotsford in May 2022. The British Columbia Supreme Court ruled that the men played a willing and integral role in the couple's murder, which was financially motivated.

Delhi Police Busts Fake Cement Manufacturing Units

Delhi Police Busts Fake Cement Manufacturing Units

Rediff.com8 May 2026

Delhi Police busted two illegal units manufacturing counterfeit cement in the city's northeastern areas and arrested a 25-year-old man in connection with the racket.

Netradyne Buys Moove To Boost European Operations

Netradyne Buys Moove To Boost European Operations

Rediff.com5 May 2026

AI-powered fleet safety and performance solutions provider Netradyne has acquired European fleet intelligence and connected mobility company Moove Connected Mobility for an undisclosed sum.

How SIS Plans To Achieve Rs 20,000 Crore Revenue Target

How SIS Plans To Achieve Rs 20,000 Crore Revenue Target

Rediff.com3 May 2026

SIS Ltd, a security and facility management services provider, aims to cross Rs 20,000 crore in revenue by FY27, driven by strong double-digit growth, expansion of its service network, and a simplified regulatory framework under new labour codes, said its Group Managing Director Rituraj Sinha.

Sun Pharma's Organon deal: Strategic entry into new segments, but integration challenges loom

Sun Pharma's Organon deal: Strategic entry into new segments, but integration challenges loom

Rediff.com5 May 2026

Sun Pharmaceutical Industries' acquisition of US-based Organon & Co. for $11.75 billion, the largest overseas acquisition by an Indian pharma company, has been met with mixed reactions from brokerages, who see strategic entry into women's health and biosimilars but also flag potential integration challenges and debt concerns.

IIT Dhanbad Joins Forces With South African University

IIT Dhanbad Joins Forces With South African University

Rediff.com15 May 2026

TEXMiN Foundation, IIT (ISM) Dhanbad has signed an agreement with the University of Pretoria, South Africa, for research collaboration in critical minerals, rare earth element processing, recycling, extraction technologies and advanced mining innovation.

Why ServiceNow Sees India As A Major Growth Engine

Why ServiceNow Sees India As A Major Growth Engine

Rediff.com6 May 2026

ServiceNow, a leading AI platform for business transformation, is highly optimistic about its growth prospects in the Indian market, according to President and Chief Product Officer Amit Zavery.

LTM to introduce 'Blueverse Credit' AI-linked pricing model in FY27

LTM to introduce 'Blueverse Credit' AI-linked pricing model in FY27

Rediff.com4 May 2026

IT services major LTM is set to introduce a new pricing framework, 'Blueverse Credit', in the first quarter of FY27, aiming to align monetisation with the growing adoption of agentic artificial intelligence.

L&T reports 3% decline in profit; revenue up 11%

L&T reports 3% decline in profit; revenue up 11%

Rediff.com6 May 2026

Infrastructure major Larsen & Toubro (L&T) reported a 3 per cent year-on-year decline in consolidated net profit for Q4 FY26, reaching 5,325.60 crore, primarily due to exceptional gains in the previous year. Despite this, the company's consolidated order book surged by 28 per cent to 7.4 trillion, with international orders accounting for 52 per cent.

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Rediff.com14 May 2026

Police in Gautam Buddh Nagar claim an accused linked to violent labour protests in Noida received over Rs 1 crore from foreign countries in their personal bank account.

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Pirojsha Godrej: 'Godrej Aims To Become Rs 5 Trillion Market-Cap Group In 5 Years'

Rediff.com8 May 2026

'We are targeting a 2.5x to 3x increase in valuation by FY31.'

India Is Now A Reverse Goldilocks Economy

India Is Now A Reverse Goldilocks Economy

Rediff.com18 May 2026

India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.

Markets to Track West Asia Situation, Crude Oil Prices This Week

Markets to Track West Asia Situation, Crude Oil Prices This Week

Rediff.com10 May 2026

Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.

Indian Auto Sector Kicks Off FY27 with Robust Double-Digit Growth in April

Indian Auto Sector Kicks Off FY27 with Robust Double-Digit Growth in April

Rediff.com14 May 2026

Domestic passenger vehicle dispatches in India rose 25.4 per cent year-on-year to 4,37,312 units in April, continuing the strong demand momentum from the previous fiscal year, according to SIAM.

ED Arrests Gameskraft Founders In Money Laundering Probe

ED Arrests Gameskraft Founders In Money Laundering Probe

Rediff.com8 May 2026

The Enforcement Directorate (ED) has arrested three founders of online gaming platform, Gameskraft, in an alleged fraud-linked money laundering case. Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the Prevention of Money Laundering Act (PMLA).

'We are targeting a combined ratio of around 107% in FY27,': SBI General CEO

'We are targeting a combined ratio of around 107% in FY27,': SBI General CEO

Rediff.com4 May 2026

SBI General Insurance aims to achieve a 10 per cent market share among private and standalone health insurers within approximately five years, up from its current 7.17 per cent, said Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance.

How Ludhiana Police Busted A Cyber Fraud Racket Targeting Foreign Nationals

How Ludhiana Police Busted A Cyber Fraud Racket Targeting Foreign Nationals

Rediff.com15 May 2026

Ludhiana Police have busted a large cyber fraud racket, arresting 132 people involved in running fake call centres that targeted foreign nationals through various online scams.

Punjab Government Reallocates Portfolios After Minister's Arrest

Punjab Government Reallocates Portfolios After Minister's Arrest

Rediff.com11 May 2026

The Punjab government has redistributed portfolios held by arrested minister Sanjeev Arora among other cabinet members, including Aman Arora, Harjot Singh Bains, and Tarunpreet Singh Sond.

Ahmedabad Man Held For Bomb Threat Emails To Airport, Schools

Ahmedabad Man Held For Bomb Threat Emails To Airport, Schools

Rediff.com11 May 2026

Ahmedabad police have arrested a man for allegedly sending bomb threat emails to GUJSAIL at Ahmedabad Airport and schools in March. The accused, Bhavesh Patel, was traced through an account allegedly operated by him.

Dhurandhar 2 Arrives On OTT But You Can't Watch It Yet

Dhurandhar 2 Arrives On OTT But You Can't Watch It Yet

Rediff.com15 May 2026

Dhurandhar 2 is finally available on OTT. But with a caveat. But for those of you living in India, here are your options for this weekend watch.

Gurugram Real Estate Firm Owner Arrested In Land Scam

Gurugram Real Estate Firm Owner Arrested In Land Scam

Rediff.com10 May 2026

Gurugram Police have arrested a 50-year-old owner of a real estate firm for allegedly duping people of crores by promising land agreements.

Cyber Fraud Racket Busted In Rajasthan; 17 Arrested

Cyber Fraud Racket Busted In Rajasthan; 17 Arrested

Rediff.com2 May 2026

Rajasthan Police dismantled a cyber fraud operation, arresting 17 individuals for allegedly defrauding an accountant of Rs 5.30 crore by impersonating his company's chairman on WhatsApp.

Why Is The ED Raiding Punjab Minister Sanjeev Arora?

Why Is The ED Raiding Punjab Minister Sanjeev Arora?

Rediff.com9 May 2026

The Enforcement Directorate conducted fresh searches against Punjab industries minister Sanjeev Arora and others allegedly linked to him as part of a money laundering investigation.

India's M&A market resilient, poised for $200 billion annual run-rate

India's M&A market resilient, poised for $200 billion annual run-rate

Rediff.com11 May 2026

India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.

AI Chatbots Learn From State-Controlled Media: Analysis

AI Chatbots Learn From State-Controlled Media: Analysis

Rediff.com14 May 2026

An analysis reveals that content from state-controlled media can significantly influence the information environments that AI chatbots learn from, shaping their responses to user requests.

Higher input costs, price hikes may play spoilsport for HUL

Higher input costs, price hikes may play spoilsport for HUL

Rediff.com12 May 2026

Hindustan Unilever (HUL) exceeded consensus estimates in Q4FY26, driven by lower overheads and 6 per cent consolidated volume growth. However, the company anticipates further price hikes to counter an expected 8-10 per cent material cost inflation, while maintaining a mid-term margin guidance of 22.5-23.5 per cent.