News for 'US Company'

Balrampur Chini's Bio-Plastic Plant To Generate 2,000 Crore Revenue

Balrampur Chini's Bio-Plastic Plant To Generate 2,000 Crore Revenue

Rediff.com17 May 2026

Balrampur Chini Mills Ltd anticipates annual revenue of approximately Rs 2,000 crore from its new bio-plastic plant in Uttar Pradesh, scheduled for commissioning in the December quarter. The company is investing over Rs 3,000 crore in the Poly Lactic Acid (PLA) plant with a capacity of 80,000 tonnes per annum.

Petrol, diesel price hiked for 3rd time in 10 days

Petrol, diesel price hiked for 3rd time in 10 days

Rediff.com1 days ago

Petrol price has been increased by 87 paise in Delhi from Rs 98.64 to Rs 99.51 per litre. Diesel rates have gone up by 91 paise from Rs 91.58 to Rs 92.49.

Titan's Q4: Bullion Demand Fuels Revenue, But Margins Face Headwinds

Titan's Q4: Bullion Demand Fuels Revenue, But Margins Face Headwinds

Rediff.com7 days ago

Jewellery majors Titan Company and Kalyan Jewellers reported robust Q4 FY26 results, with Titan's consolidated revenue surging 81 per cent year-on-year, largely propelled by a sixfold increase in bullion and digital gold sales. Despite strong top-line growth, Titan's gross and operating profit margins faced pressure due to the higher share of lower-margin gold products and increased marketing expenditure.

Customs Agent Sentenced In Import Duty Evasion Case

Customs Agent Sentenced In Import Duty Evasion Case

Rediff.com3 days ago

A court in Mumbai sentenced a customs clearing agent to two years' imprisonment in four cases of import duty evasion, while acquitting three others due to flawed investigation by the CBI.

'Prison Can Make Or Break A Person'

'Prison Can Make Or Break A Person'

Rediff.com5 days ago

After spending 31 months in Chennai's Puzhal prison, Ahmed Buhari is finally breathing free, as courts across the country quashed proceedings linked to his group company Coastal Energy.

Mumbai Couple Held In Rs 31 Crore Investment Scam

Mumbai Couple Held In Rs 31 Crore Investment Scam

Rediff.com3 days ago

Faridabad police have arrested a husband and wife from Mumbai for allegedly defrauding people of approximately Rs 31 crore through fraudulent investment schemes in forex trading and film production.

Petrol tops Rs 100 across most cities, diesel nears Rs 100 as prices raised for 4th time

Petrol tops Rs 100 across most cities, diesel nears Rs 100 as prices raised for 4th time

Rediff.com4 hours ago

Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.

Bengaluru Cyber Command Busts Fake US Call Centre Racket

Bengaluru Cyber Command Busts Fake US Call Centre Racket

Rediff.com4 days ago

The Karnataka State Cyber Command has uncovered a fake call centre racket operating in Bengaluru, where individuals impersonated a US-based accounting firm to defraud US citizens.

TVS Venu Group to bolster financial services presence with Jana SFB stake

TVS Venu Group to bolster financial services presence with Jana SFB stake

Rediff.com6 days ago

TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.

Army's Rocket System Gets A Boost

Army's Rocket System Gets A Boost

Rediff.com3 days ago

Loitering munitions, often described as 'suicide drones' or 'kamikaze drones', are becoming central to modern warfare because of their ability to hover over target areas, identify threats and strike with high precision.

Maruti Suzuki Hikes Car Prices From June

Maruti Suzuki Hikes Car Prices From June

Rediff.com3 days ago

'With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible.'

West Asia Tensions Begin Disrupting India's Auto Supply Chain, Margins

West Asia Tensions Begin Disrupting India's Auto Supply Chain, Margins

Rediff.com7 days ago

Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.

Prudential to acquire 75% stake in Bharti Life Insurance for Rs 3,500 crore

Prudential to acquire 75% stake in Bharti Life Insurance for Rs 3,500 crore

Rediff.com7 days ago

Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.

OpenAI, Anthropic Threat For India's IT Majors

OpenAI, Anthropic Threat For India's IT Majors

Rediff.com7 days ago

OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.

'In India Politics Has Taken Over Business'

'In India Politics Has Taken Over Business'

Rediff.com5 days ago

'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'

Cyber Criminals Impersonate Company Owner, Swindle Accountant in Hyderabad

Cyber Criminals Impersonate Company Owner, Swindle Accountant in Hyderabad

Rediff.com21 Mar 2026

Cyber criminals impersonated a company owner to defraud an accountant of a substantial sum in Hyderabad.

How Cyber Criminals Impersonated Company Owner to Scam Accountant

How Cyber Criminals Impersonated Company Owner to Scam Accountant

Rediff.com21 Mar 2026

Cyber criminals impersonated a company owner to deceive an accountant into transferring a large sum of money.

Adani Group agrees to pay $275 mn in US sanctions settlement

Adani Group agrees to pay $275 mn in US sanctions settlement

Rediff.com6 days ago

Adani Group has agreed to pay USD 275 million to settle allegations of violating US sanctions on Iran. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acknowledged the Indian conglomerate's extensive cooperation and proactive disclosures during the investigation.

Tailor Held For Arson During Noida Labour Unrest

Tailor Held For Arson During Noida Labour Unrest

Rediff.com2 days ago

A tailor has been arrested for allegedly setting vehicles on fire during labour unrest in Noida on April 13. Police allege the accused incited workers to strike and then participated in arson, damaging vehicles with iron pipes. The accused was identified using scientific and electronic evidence.

Zepto to launch Rs 11,000-crore IPO in July, prioritising dense urban markets

Zepto to launch Rs 11,000-crore IPO in July, prioritising dense urban markets

Rediff.com4 days ago

Quick commerce platform Zepto is reportedly planning to launch its Rs 11,000-crore Initial Public Offering (IPO) in July, following SEBI approval. The company is pursuing a distinct growth strategy, focusing on market density and operational intensity in metro markets rather than rapid geographic expansion, a move that sets it apart from rivals like Zomato and Swiggy.

US shuts India-based call centre defrauding elderly Americans

US shuts India-based call centre defrauding elderly Americans

Rediff.com4 days ago

US authorities have shut down an India-based call centre operation that allegedly defrauded hundreds of elderly Americans of millions of dollars through tech support scams, following a years-long investigation.

Mumbai Man Cheats Widow Of 7 Crore With False Loan Promise

Mumbai Man Cheats Widow Of 7 Crore With False Loan Promise

Rediff.com6 days ago

A man in Mumbai has been booked for allegedly cheating a woman of 7 crore by making false promises of financial assistance and business loans after her husband's death. The accused, Bharat Singh alias Johnny, allegedly obtained the woman's GST login credentials and carried out fake transactions in her company's name.

Paramotor Digital Tech Files For IPO Under Sebi's Pre-Filing Route

Paramotor Digital Tech Files For IPO Under Sebi's Pre-Filing Route

Rediff.com17 May 2026

Fintech and enterprise technology firm Paramotor Digital Technology Ltd has confidentially filed draft papers with markets regulator Sebi for an initial public offering (IPO). The company submitted its draft papers under Sebi's pre-filing route, which allows issuers to keep details related to the issue size and other key information confidential until a later stage.

West Asia crisis may cost India Rs 2.1 trillion, says BoB

West Asia crisis may cost India Rs 2.1 trillion, says BoB

Rediff.com2 days ago

Bank of Baroda economists project India's GDP to grow 6.5-6.8 per cent in FY27 but warn that the fiscal deficit could overshoot the budgeted 4.3 per cent target, potentially reaching 4.7-4.8 per cent of GDP due to subsidy overruns, excise duty cuts, and oil marketing company losses.

TVS Motor Inducts Ravindran Shanmugam As Independent Director

TVS Motor Inducts Ravindran Shanmugam As Independent Director

Rediff.com14 May 2026

TVS Motor Company has appointed Ravindran Shanmugam, a technology entrepreneur and business leader, as an independent director for a five-year term, effective May 13, subject to shareholder approval.

How TCS Plans To Become The Top AI Services Firm

How TCS Plans To Become The Top AI Services Firm

Rediff.com16 May 2026

TCS, India's largest IT firm, is aiming to become the world's leading AI-led technology services company. CEO K Krithivasan highlights the company's strategy, including upskilling its workforce and executing nation-scale projects in India.

Govt Eyes Steps To Contain CAD

Govt Eyes Steps To Contain CAD

Rediff.com3 days ago

'The situation globally is quite challenging, but we have the confidence and courage of conviction that we will come out winners even in this challenging time.'

Sebi May Allow Salary In MFs

Sebi May Allow Salary In MFs

Rediff.com4 days ago

Investments under the framework would remain voluntary for employees.

Indian killed in Moscow drone strike from Odisha; joined job 2 months ago

Indian killed in Moscow drone strike from Odisha; joined job 2 months ago

Rediff.com6 days ago

An Indian worker from Odisha was killed and two others were injured in a drone attack by Ukraine in the Moscow region. The deceased, A Rameya, was working at an oil refinery. Efforts are underway to repatriate his body.

Blackstone's Neysa Networks Stake Acquisition Gets CCI Nod

Blackstone's Neysa Networks Stake Acquisition Gets CCI Nod

Rediff.com5 days ago

The Competition Commission of India (CCI) has approved the acquisition of a stake in AI acceleration cloud provider Neysa Networks by Blackstone-backed private equity funds and other investors, following Neysa's announcement of a USD 1.2 billion capital raise.

IN-SPACe's PSLV EoI Triggers Debate in Indian Space Industry

IN-SPACe's PSLV EoI Triggers Debate in Indian Space Industry

Rediff.com8 hours ago

India's move to privatise PSLV rocket production through IN-SPACe has triggered debate over national security, ageing technology and the agency's role.

Kerala Man Arrested For Rs 1.19 Crore Online Trading Scam

Kerala Man Arrested For Rs 1.19 Crore Online Trading Scam

Rediff.com2 days ago

A 47-year-old man from Palakkad has been arrested for allegedly cheating a Thiruvananthapuram resident of over Rs 1.19 crore in an online trading scam.

OnePlus India CEO Robin Liu Resigns - Company Updates India Operations

OnePlus India CEO Robin Liu Resigns - Company Updates India Operations

Rediff.com25 Mar 2026

Robin Liu steps down as India CEO of OnePlus. The company shares key updates on its India operations and future strategy. Here's what it means for the brand and market.

Man Cheats Businessman In Green Chillies Export Deal

Man Cheats Businessman In Green Chillies Export Deal

Rediff.com1 days ago

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.

South India Industry Feels Absence of Bengal, Assam Workers

South India Industry Feels Absence of Bengal, Assam Workers

Rediff.com2 days ago

South India's manufacturing, construction, and services sectors are grappling with severe labour shortages, prompting employers to offer attractive incentives like free air tickets and salary increments to lure migrant workers back from their home states after recent assembly elections.

Enforcement Directorate Seeks Protection For Threatened Homebuyers

Enforcement Directorate Seeks Protection For Threatened Homebuyers

Rediff.com3 days ago

The Enforcement Directorate has requested police protection for homebuyers and witnesses in a money laundering case involving Ocean Seven Buildtech Pvt Ltd, following reports of threats and intimidation.

Robert Vadra Withdraws Plea In Money Laundering Case

Robert Vadra Withdraws Plea In Money Laundering Case

Rediff.com7 days ago

Businessman Robert Vadra unconditionally withdrew his petition in the Delhi High Court challenging a trial court order that summoned him in a money laundering case linked to a land deal in Haryana's Shikohpur.

Cipla's Q4 Revenue Below Estimates, Strategic Launches Crucial for Recovery

Cipla's Q4 Revenue Below Estimates, Strategic Launches Crucial for Recovery

Rediff.com3 days ago

Pharmaceutical major Cipla reported a 3 per cent year-on-year decline in March quarter revenue to Rs 6,541 crore, with net profit falling 55 per cent to Rs 554.6 crore, missing consensus estimates. Despite strong growth in India and Africa, a significant decline in North American sales impacted overall performance, with the company now focusing on new product launches and regulatory filings to drive future gains.

Petrol, diesel prices hiked again within a week, up by 90 paise

Petrol, diesel prices hiked again within a week, up by 90 paise

Rediff.com6 days ago

Petrol and diesel prices in India have been increased for the second time in a week, following a long freeze on revisions. The increase comes as global crude prices surge and state-run oil firms look to recoup losses.

Akash Ambani named MD of Jio Platforms for 5 years ahead of anticipated IPO

Akash Ambani named MD of Jio Platforms for 5 years ahead of anticipated IPO

Rediff.com14 May 2026

Jio Platforms has announced the appointment of Akash Ambani as its managing director for a five-year term, effective from April 9, 2026, as the digital services company prepares for its highly anticipated Initial Public Offering.