News for 'financial impact'

Gameskraft sacks 120 staff post real-money gaming ban

Gameskraft sacks 120 staff post real-money gaming ban

Rediff.com18 Sep 2025

Online gaming firm Gameskraft on Thursday said it is laying off 120 employees as it navigates new regulatory landscape post the passage of the Online Gaming Bill, 2025.

TCS slammed for 'downplaying large scale layoffs'; headcount falls by 19,755

TCS slammed for 'downplaying large scale layoffs'; headcount falls by 19,755

Rediff.com9 Oct 2025

Tata Consultancy Services (TCS) employee headcount fell by a massive nearly 20,000 in a single quarter, as India's largest IT services company continues to restructure workforce to align with changed business dynamics. According to Q2 FY26 data on its website, the company's headcount has dropped to 5,93,314 in September quarter as compared to 6,13,069 in June quarter, even as IT workers' union NITES accused TCS of downplaying large scale layoffs through under-reporting.

HIL rocked as UP Rudras quit, shift focus to grassroots

HIL rocked as UP Rudras quit, shift focus to grassroots

Rediff.com22 Sep 2025

UP Rudras announced on Monday that they are withdrawing from the Hockey India League (HIL) due to financial viability of the league.

'Educated Youth Voted RJD, Uneducated Youth Voted JD-U'

'Educated Youth Voted RJD, Uneducated Youth Voted JD-U'

Rediff.com19 Nov 2025

'When you compare Bihar's poverty from its earlier times, then there is a huge difference. Things have improved a lot. And migration has played an important role in reducing poverty.'

Tempted By GST Car Deals? Brake And Research!

Tempted By GST Car Deals? Brake And Research!

Rediff.com8 Oct 2025

'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'

GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report

GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report

Rediff.com5 Sep 2025

The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.

New Visa Rules: Tough Times Ahead For UK-Bound Indian Grads

New Visa Rules: Tough Times Ahead For UK-Bound Indian Grads

Rediff.com15 Oct 2025

Indian graduates face tougher English tests, shorter post-study stays, higher costs and stricter settlement rules as Britain rolls out sweeping immigration reforms.

Steel industry flags price pressure from cheap imports

Steel industry flags price pressure from cheap imports

Rediff.com27 Oct 2025

Ahead of the key meeting called by the steel ministry with the industry captains on Monday to discuss the impact of rising steel imports, companies have raised the issue of cheaper 'substandard' inflows from China, Vietnam, and South Korea, saying they are setting the benchmark for domestic prices and squeezing the profitability of Indian producers.

Shapoorji Pallonji calls for public listing of Tata Sons

Shapoorji Pallonji calls for public listing of Tata Sons

Rediff.com10 Oct 2025

SP Group chairman Shapoorji Pallonji Mistry on Friday reiterated calls for public listing of Tata Sons to bring transparency, amid infighting among trustees of Tata Trusts which controls a 66 per cent stake in the holding company of the salt-to-software conglomerate. Shapoorji Pallonji family is the single largest minority shareholder with about 18.37 per cent in Tata Sons.

Stocks for Diwali 2025: Shares That Historically Outperform in Oct-Nov

Stocks for Diwali 2025: Shares That Historically Outperform in Oct-Nov

Rediff.com14 Oct 2025

The Indian stock market in the October-November period sees high trading activity due to increased consumer spending, festive demand, upbeat sentiment, renewed investor confidence, and the auspicious Muhurat trading session. This impacts many stocks and sectors in the festive season.

Will RBI Governor Play Santa In December?

Will RBI Governor Play Santa In December?

Rediff.com3 Oct 2025

While the economy will wait for a rate cut in December, the banking industry should be happy with the wave of liberalisation -- a big push for growth in bank credit, points out Tamal Bandyopadhyay.

Bengaluru Faces Urban Breakdown

Bengaluru Faces Urban Breakdown

Rediff.com22 Oct 2025

Bengaluru is at a critical juncture, where its economic model, reliant on attracting and retaining skilled professionals, is directly threatened by a measurable decline in urban quality of life, point out Shishir Gupta and Rishita Sachdeva.

Diwali returns to Maoist-hit regions after decades of unrest: Modi

Diwali returns to Maoist-hit regions after decades of unrest: Modi

Rediff.com18 Oct 2025

Prime Minister Narendra Modi asserted his commitment to eradicating Maoist terror from India, criticizing the previous Congress regime for allegedly supporting 'urban Naxals' and ignoring the violence they perpetrated. He highlighted the significant reduction in Maoist-affected districts and the surrender of numerous Naxalites as evidence of his government's success in combating the issue.

All You Want To Know About EPF Withdrawals

All You Want To Know About EPF Withdrawals

Rediff.com27 Oct 2025

The 100 per cent withdrawal provision and the 25 per cent minimum balance provision have led to some confusion.

'Sovereignty in foundational industries is critical for countries'

'Sovereignty in foundational industries is critical for countries'

Rediff.com22 Oct 2025

'The steel industry has a multiplier effect on direct and indirect employment, national security on the supply chain, technology access etc.'

Cost of H-1B fee hike? $500 mn for 5,000 new filings

Cost of H-1B fee hike? $500 mn for 5,000 new filings

Rediff.com22 Sep 2025

The magnitude of the new H-1B visa application fee for fresh petitions - math of which works out to USD 500 million in case of 5,000 filings - may nudge IT companies to expand offshore delivery or increase local hiring, according to Motilal Oswal Financial Services.

'TCS Can Survive Without H-1B Visas'

'TCS Can Survive Without H-1B Visas'

Rediff.com21 Oct 2025

'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'

Trump's 5% Rule: How Will It Affect Indian Students?

Trump's 5% Rule: How Will It Affect Indian Students?

Rediff.com14 Oct 2025

Trump's proposed policy limits undergraduates from any one country to 5% at select top US universities, raising concerns for Indian aspirants eyeing elite colleges.

'India Inc needs to embrace AI and not fret'

'India Inc needs to embrace AI and not fret'

Rediff.com11 Sep 2025

Knowledge workers and mid-career professionals in India are hopeful that artificial intelligence will positively impact their roles, even as concerns about job displacement persist, especially among younger professionals, a top official of a human capital management solutions provider has said. At a time when AI has become a critical part of an organisation's functioning, many professionals see the positive possibilities of AI.

Why investors are bullish about hospital stocks

Why investors are bullish about hospital stocks

Rediff.com22 Oct 2025

While Q2FY26 is expected to be mildly disappointing for the hospital sector, there's a lot of investor optimism for the future. This comes after a favourable revision in rates for Central Government Health Scheme (CGHS) procedures, as well as expectations of rising occupancy and growth in average revenue per operating bed (ARPOB).

Transgender social worker Priti Kinnar to take on Bihar minister in Bhorey

Transgender social worker Priti Kinnar to take on Bihar minister in Bhorey

Rediff.com19 Oct 2025

Priti Kinnar, a transgender social worker, is set to contest the Bihar assembly elections from Bhorey seat on a Jan Suraaj ticket, challenging the incumbent Education Minister. Her entry into politics has sparked mixed reactions, with some seeing it as a potential boost for the transgender community and others questioning its impact on the election outcome.

What impact will US tariffs have on economies, sectors and markets?

What impact will US tariffs have on economies, sectors and markets?

Rediff.com29 Mar 2025

The sweeping tariffs proposed across sectors by US President Donald Trump are scheduled to be imposed starting April 2, with most analysts worried about their impact on companies, and in turn the financial markets. Recently, the US administration signaled that it will impose sectoral tariffs on energy, pharmaceuticals, semiconductors, agriculture, copper, and lumber.

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Rediff.com8 Oct 2025

Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.

Olympic medallist wrestler Sehrawat banned for a year!

Olympic medallist wrestler Sehrawat banned for a year!

Rediff.com8 Oct 2025

Paris Olympics bronze medallist Aman Sehrawat was suspended from all wrestling-related activities for one year after he failed to make weight at the Senior World Championships.

'IPOs Get Launched When Market Is Bullish'

'IPOs Get Launched When Market Is Bullish'

Rediff.com26 Sep 2025

'If not bullish, volatility should be minimal.'

Bank OTS scheme not a borrower's right without upfront payment: SC

Bank OTS scheme not a borrower's right without upfront payment: SC

Rediff.com18 Sep 2025

The Supreme Court has ruled that a bank's one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.

Indian Cars Race Abroad as Home Sales Stall

Indian Cars Race Abroad as Home Sales Stall

Rediff.com3 Oct 2025

Between April and August this financial year, passenger car exports rose 8.5 per cent year-on-year (Y-o-Y), while domestic sales fell by 8.5 per cent.

TCS allegedly forced around 2,500 employees in Pune to resign: NITES

TCS allegedly forced around 2,500 employees in Pune to resign: NITES

Rediff.com1 Oct 2025

India's largest IT firm Tata Consultancy Services has allegedly forced around 2,500 employees in Pune to resign from their jobs, the IT employees' body NITES said in a letter to Maharashtra Chief Minister on Wednesday.

0% GST On Health Insurance: Will You Really Benefit?

0% GST On Health Insurance: Will You Really Benefit?

Rediff.com11 Sep 2025

Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The truth, however, is...

'We Won't Be Silenced, We Won't Be Ignored'

'We Won't Be Silenced, We Won't Be Ignored'

Rediff.com31 Oct 2025

'Our politics is transparent -- it's about ensuring farmers don't die by suicide, about ensuring agriculture remains viable, about ensuring food security for the nation.' 'If that's politics, then yes, we do politics.'

Pharma cos may see short-term price blip: Ind-Ra

Pharma cos may see short-term price blip: Ind-Ra

Rediff.com27 Aug 2025

Any potential tariffs on pharmaceutical imports into the US are unlikely to impact the credit profiles of Indian firms except for a short-term pricing blip, according to a report by India Ratings and Research (Ind-Ra). The report stated that the US generics market contributes around 35 per cent to the total revenue of the leading Indian pharma firms.

Structural gains, valuation support positive for PSU bank stocks

Structural gains, valuation support positive for PSU bank stocks

Rediff.com7 Oct 2025

Public-sector banks (PSBs) are attracting the attention of investors and the PSU Bank Index has gained nearly 10 per cent in the past month. PSBs have seen return on assets (RoA) climbing to 1 per cent in 2024-2025 (FY25) and margins are believed to have moved up further in the first half of this financial year (H1FY26) with asset quality remaining stable.

Marico Q2 volume growth likely to be in high single digit

Marico Q2 volume growth likely to be in high single digit

Rediff.com4 Oct 2025

Marico is expected to post high single-digit volume growth in the India business in the July-September quarter. However, it is expected to moderate sequentially, the company said in its quarterly update on exchanges.

'H1-B visa fee is not about protecting American jobs, but...'

'H1-B visa fee is not about protecting American jobs, but...'

Rediff.com23 Sep 2025

'Immigrants have always been America's greatest strength, building prosperity, breakthroughs, and communities that enrich us all. Instead of embracing that strength, Trump is clamping down on every form of immigration, tearing families apart, destabilising businesses, and weakening our economy'

IPL's Valuation Hits Flat Pitch

IPL's Valuation Hits Flat Pitch

Rediff.com16 Oct 2025

The IPL's overall valuation fell by 8 per cent to Rs 76,100 crore in 2025.

Why Smart Investors Make Mistakes

Why Smart Investors Make Mistakes

Rediff.com12 Sep 2025

The biggest risk for investors isn't the market, but their own minds, biases and emotions often lead to poor financial choices.

Bulls prowl D-Street: Sensex jumps 716 points

Bulls prowl D-Street: Sensex jumps 716 points

Rediff.com1 Oct 2025

From the Sensex firms, Tata Motors jumped the most by 5.54 per cent, followed by Kotak Mahindra Bank, Trent, Sun Pharma, Axis Bank, and ICICI Bank. However, Bajaj Finance, State Bank of India, UltraTech Cement and Tata Steel were among the laggards.

'I Was Changing Lives'

'I Was Changing Lives'

Rediff.com9 Oct 2025

'People message me on Instagram saying that because of your novel, I find happiness, it helps me deal with depression. When I see this, I realise that I'm doing something meaningful'

India a 'stabilising force';can withstand external shocks: Sitharaman

India a 'stabilising force';can withstand external shocks: Sitharaman

Rediff.com3 Oct 2025

Finance Minister Nirmala Sitharaman on Friday said the world is facing "profound imbalances" in trade and energy security, and is undergoing a structural transformation, with India standing out as a 'stabilising force' that can withstand external shocks.

Why The Americans Were Opposed To Agni

Why The Americans Were Opposed To Agni

Rediff.com6 Nov 2025

'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'