News for 'customs'

IndiGo posts Rs 238 crore Q1 net loss due to rising fuel costs, West Asia turbulence

IndiGo posts Rs 238 crore Q1 net loss due to rising fuel costs, West Asia turbulence

Rediff.com3 days ago

IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.

Bengaluru: Delivery man held for barging into woman's washroom, flashing her

Bengaluru: Delivery man held for barging into woman's washroom, flashing her

Rediff.com12 Jul 2026

A Flipkart delivery executive has been arrested in Bengaluru after allegedly making an obscene gesture towards a woman, prompting a police investigation and Flipkart's termination of his engagement.

SBI Funds Management IPO: Listing Expected Next Week After Rs 11,692 Crore Offer

SBI Funds Management IPO: Listing Expected Next Week After Rs 11,692 Crore Offer

Rediff.com14 Jul 2026

SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.

HDFC Bank's Workforce Shrinks by 3,343 in FY26 Despite Balance Sheet Expansion

HDFC Bank's Workforce Shrinks by 3,343 in FY26 Despite Balance Sheet Expansion

Rediff.com14 Jul 2026

HDFC Bank, India's largest private sector lender, reported a reduction of 3,343 employees in FY26, bringing its total workforce to 2,11,178, even as its balance sheet expanded by 12 per cent. The bank's MD and CEO, Sashidhar Jagdishan, attributed the headcount reduction to redeploying talent from back-end functions to customer-facing roles due to technology-led efficiencies. The annual report also addressed the challenging resignation of part-time chairman Atanu Chakraborty, which raised questions about the bank's governance standards.

Why India Is Central To Rockwell Automation's Global Growth Plans

Why India Is Central To Rockwell Automation's Global Growth Plans

Rediff.com15 Jul 2026

Rockwell Automation's CEO Blake Moret highlights India as the centrepiece of the company's Asian growth strategy, detailing its four-decade presence, significant employee base, and support for the 'Make in India' initiative. The company sees major opportunities in pharmaceuticals, automotive, food and beverage, and consumer products, with AI playing a crucial role in simplifying industrial automation and boosting productivity for Indian manufacturers, including MSMEs.

SBI Boosts YONO Platform With New AI Features And Digital Journeys

SBI Boosts YONO Platform With New AI Features And Digital Journeys

Rediff.com1 Jul 2026

State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.

Maruti Suzuki announces price hike of up to Rs 30,000 across models from August

Maruti Suzuki announces price hike of up to Rs 30,000 across models from August

Rediff.com5 days ago

Maruti Suzuki India will increase the prices of its vehicles by up to Rs 30,000 across all models from August 2026, citing a sustained increase in input costs.

AMD Unveils New AI Products, Forecasts $2 Trillion Compute Market By 2030

AMD Unveils New AI Products, Forecasts $2 Trillion Compute Market By 2030

Rediff.com2 days ago

Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.

AMD Unveils New AI Products, Forecasts $2 Trillion Compute Market By 2030

AMD Unveils New AI Products, Forecasts $2 Trillion Compute Market By 2030

Rediff.com2 days ago

Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.

BPCL Customers Face Charges Over Misappropriated Funds

BPCL Customers Face Charges Over Misappropriated Funds

Rediff.com2 Apr 2026

Seven customers of Bharat Petroleum Corporation Limited (BPCL) in Indore have been booked for allegedly misappropriating over Rs 5.7 crore that was wrongly deposited into their digital wallets. Police are investigating how Rs 129.55 crore was incorrectly credited to around 1,000 BPCL 'Smart Fleet' customers.

Nagaland Aims To Adapt Juvenile Justice Act To Local Customs

Nagaland Aims To Adapt Juvenile Justice Act To Local Customs

Rediff.com19 May 2026

Nagaland is seeking to implement the Juvenile Justice Act and Adoption Regulations in a way that respects the state's customary laws and traditional systems of care, while remaining legally sound.

Uff! Priyanka, Isha, Esha And A Melting-With-Love Paris

Uff! Priyanka, Isha, Esha And A Melting-With-Love Paris

Rediff.com14 Jul 2026

Paris Haute Couture Week 2026 saw Indian celebrities and business leaders making stylish appearances across some of fashion's biggest shows.

'India is among Standard Chartered's top five wealth markets globally'

'India is among Standard Chartered's top five wealth markets globally'

Rediff.com6 Jul 2026

"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Airtel chairman Sunil Mittal outlines new growth engines: Data Centres, Cloud, and Financial Services

Rediff.com13 Jul 2026

Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.

Customs Officials Seize Ganja from Bangkok-Delhi Flight

Customs Officials Seize Ganja from Bangkok-Delhi Flight

Rediff.com7 Apr 2026

Customs officials at Indira Gandhi International Airport seized over 2 kg of suspected ganja from a Bangkok-Delhi flight, highlighting ongoing efforts to combat drug smuggling.

Claude AI Now More Accessible With Rupee Pricing In India

Claude AI Now More Accessible With Rupee Pricing In India

Rediff.com14 Jul 2026

Anthropic has introduced Rupee-denominated pricing for its Claude AI assistant in India, making its Pro and Max plans more accessible to one of its largest user communities. This move, alongside the opening of its Bengaluru office and increased revenue, highlights Anthropic's growing focus on the Indian market, a sentiment echoed by rival OpenAI.

Doctor's E20 Petrol Car Ordeal: 'I've Lost Faith In Maruti'

Doctor's E20 Petrol Car Ordeal: 'I've Lost Faith In Maruti'

Rediff.com6 days ago

'I am now driving an electric vehicle. I have lost faith in petrol-run cars.'

Honda to add 3,800 jobs, expand capacity to 80 lakh units by 2028

Honda to add 3,800 jobs, expand capacity to 80 lakh units by 2028

Rediff.com9 Jul 2026

Honda Motorcycle & Scooter India (HMSI) plans to create over 3,800 jobs and expand its annual two-wheeler production capacity to 80 lakh units by 2028, reinforcing India's role as a global manufacturing and export hub for Honda.

After donation theft, 250 Ayodhya seers meet to rebuild devotee trust

After donation theft, 250 Ayodhya seers meet to rebuild devotee trust

Rediff.com3 days ago

A crucial meeting of around 250 seers and VHP functionaries in Ayodhya will address issues concerning the Ram temple, including ensuring adherence to Vaishnav-Ramanandi traditions, restoring devotee confidence after an alleged donation theft, and deliberating on the Trust's management. The meeting follows deferred decisions by the Shri Ram Janmabhoomi Teerth Kshetra Trust on key appointments.

Louis Vuitton's World Cup Trophy Trunk Unveiled

Louis Vuitton's World Cup Trophy Trunk Unveiled

Rediff.com17 Jul 2026

Louis Vuitton has once again designed the bespoke trunk for the FIFA World Cup trophy, marking the fifth consecutive tournament. The luxury travel case, featuring a golden V and the brand's monogram, will transport the coveted prize to the New York-New Jersey stadium. This partnership highlights the growing presence of luxury brands in professional sports, with Louis Vuitton also crafting trunks for Formula 1 and Tiffany & Co. for the Super Bowl trophy.

HP India resellers fined Rs 142 crore by CCI for cartelisation, bid rigging

HP India resellers fined Rs 142 crore by CCI for cartelisation, bid rigging

Rediff.com14 Jul 2026

The Competition Commission of India (CCI) has imposed a total penalty of approximately Rs 142.37 crore on HP India Sales Private Limited and several of its resellers for engaging in cartelisation and bid rigging on the Government e-Marketplace (GeM).

Monsoon Getaways Drive Travel Bookings

Monsoon Getaways Drive Travel Bookings

Rediff.com17 Jul 2026

Popular monsoon destinations include Kerala, Goa, Wayanad, Munnar, Mussoorie, Nainital, Bali, Thailand and the Maldives.

Why Such Fuss About Tata Sons Listing!

Why Such Fuss About Tata Sons Listing!

Rediff.com14 Jul 2026

In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.

Can Tekton SUV Bring Nissan Back Into the Big League?

Can Tekton SUV Bring Nissan Back Into the Big League?

Rediff.com11 Jul 2026

Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.

Naseeruddin Shah On Student Protests: 'I Am Boiling With Anger'

Naseeruddin Shah On Student Protests: 'I Am Boiling With Anger'

Rediff.com4 days ago

'...after seeing how our children are being subjected to such oppression at the hands of these masked men carrying sticks.'

RBI Caps Fraud Compensation at Rs 25,000

RBI Caps Fraud Compensation at Rs 25,000

Rediff.com25 Jun 2026

Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.

Trump to reinstate Hormuz blockade, announces 20% toll on ships

Trump to reinstate Hormuz blockade, announces 20% toll on ships

Rediff.com13 Jul 2026

US President Donald Trump announced the 'reinstatement' of an 'Iranian Blockade' in the Strait of Hormuz, stating the US would charge a 20 per cent levy on transiting cargo for providing security, while Iran warned against any US interference, reaffirming its authority over the critical waterway.

Delhi Airport Customs Intercept 12.91 Crore Ganja Smuggling Attempt

Delhi Airport Customs Intercept 12.91 Crore Ganja Smuggling Attempt

Rediff.com8 Apr 2026

Customs officials at Indira Gandhi International Airport in Delhi seized suspected ganja worth 12.91 crore from a passenger arriving from Bangkok.

IndiGo Secures Largest Ever LEAP Engine Order For A320 Neo Fleet

IndiGo Secures Largest Ever LEAP Engine Order For A320 Neo Fleet

Rediff.com6 days ago

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.

Dell Pro Precision 14S: Dell's Thinnest Workstation

Dell Pro Precision 14S: Dell's Thinnest Workstation

Rediff.com17 Jul 2026

The Dell Pro Precision 14S is designed for professionals who need a balance of performance and portability.

L&T Technology Services Teams Up With Anthropic To Embed Claude AI In Engineering

L&T Technology Services Teams Up With Anthropic To Embed Claude AI In Engineering

Rediff.com14 Jul 2026

L&T Technology Services (LTTS) has announced a strategic partnership with Anthropic to integrate its Claude AI models into LTTS' engineering processes and AI platforms. This collaboration aims to redefine engineering work by enabling faster decision-making, streamlining workflows, and accelerating innovation for global clients, coinciding with Anthropic's new rupee-denominated pricing for Indian customers.

Margin Squeeze Hits Private Bank Stocks; HDFC, Axis Lead Decline

Margin Squeeze Hits Private Bank Stocks; HDFC, Axis Lead Decline

Rediff.com5 days ago

Shares of major private lenders, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, experienced a sharp selloff after their June-quarter results indicated persistent pressure on net interest margins (NIMs), despite healthy credit growth. This decline overshadowed gains in ICICI Bank and Punjab National Bank (PNB), which reported resilient or stronger-than-expected earnings.

PSU Banks Q1FY27: BoB's Profit Dips on Settlement, BoI's Rises on Loan Growth

PSU Banks Q1FY27: BoB's Profit Dips on Settlement, BoI's Rises on Loan Growth

Rediff.com1 days ago

State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.

How To Protect Yourself From Online Dark Patterns

How To Protect Yourself From Online Dark Patterns

Rediff.com29 Jun 2026

'Dark patterns exploit human psychology, cognitive biases, urgency, confusion, or lack of attention to increase revenue for digital platforms at the expense of consumer choice and transparency.'

MP Cabinet clears UCC Bill; covers marriage, inheritance, live-in relations

MP Cabinet clears UCC Bill; covers marriage, inheritance, live-in relations

Rediff.com7 days ago

The Madhya Pradesh cabinet has approved the draft Uniform Civil Code (UCC) bill, which will be introduced in the state assembly's monsoon session. The proposed legislation, excluding the tribal community, addresses marriage, live-in relationships, adoption, and inheritance, aiming for women's empowerment and social harmony. Chief Minister Mohan Yadav highlighted broad support and criticised the Congress for its stance.

Time To Make India Attractive To Foreign Capital

Time To Make India Attractive To Foreign Capital

Rediff.com4 days ago

That means making it easier to invest, protecting investors through predictable rules, and avoiding policy reversals after investments have been made, notes Rajeswari Sengupta.

Customs Officials Arrest Six in Bengaluru Airport Drug Bust

Customs Officials Arrest Six in Bengaluru Airport Drug Bust

Rediff.com31 Mar 2026

Customs officials at Kempegowda International Airport in Bengaluru seized large quantities of hydroponic ganja from passengers arriving from Bangkok, leading to the arrest of six individuals.

Sex racket busted at luxury Mumbai hotel, 2 actresses rescued

Sex racket busted at luxury Mumbai hotel, 2 actresses rescued

Rediff.com3 Jul 2026

Mumbai Police's anti-human trafficking cell has busted a prostitution racket operating from a luxury hotel in south Mumbai, rescuing two actresses and arresting a make-up artist who allegedly ran the operation.

Nirmohi Akhara moves SC seeking reconstitution of Ram temple trust

Nirmohi Akhara moves SC seeking reconstitution of Ram temple trust

Rediff.com7 days ago

The Nirmohi Akhara has approached the Supreme Court, seeking a directive to the Centre to reconstitute the Shri Ram Janmabhoomi Theerth Kshetra Trust as a 'public trust' and include structural safeguards for oversight by seers, citing alleged large-scale embezzlement of donations.

Why Policyholders Surrender Life Insurance Policies

Why Policyholders Surrender Life Insurance Policies

Rediff.com6 days ago

Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.