News for 'financial losses'

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

Rediff.com10 Nov 2025

The Bengaluru police have launched a probe into a cyber fraud case where hackers allegedly infiltrated the official email communication between city-based Group Pharmaceuticals and Dr Reddy's Laboratories, Hyderabad, successfully diverting a payment of Rs 2.16 crore to a fraudulent account.

CBI Arrests Key Accused in Massive Gain Bitcoin Scam

CBI Arrests Key Accused in Massive Gain Bitcoin Scam

Rediff.com11 Mar 2026

The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder of Darwin Labs, in connection with the 200 million Gain Bitcoin cryptocurrency scam. Varshney was apprehended while attempting to flee the country.

Vodafone Idea net loss narrows to Rs 5,524 crore in Q2

Vodafone Idea net loss narrows to Rs 5,524 crore in Q2

Rediff.com11 Nov 2025

Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss narrowed to Rs 5,524 crore in the second quarter ended September compared to the year-ago period, mainly on account of savings in finance cost on debt from banks and an increase in average revenue per user supported by a tariff hike.

Vedanta net profit plunges 59% on exceptional losses

Vedanta net profit plunges 59% on exceptional losses

Rediff.com1 Nov 2025

Mining major Vedanta's consolidated net profit plunged 58.69 per cent year-on-year (Y-o-Y) to Rs 1,798 crore in the second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported a net exceptional gain of Rs 1,160 crore in Q2FY25.

ICC Scrambles As JioStar Seeks Exit

ICC Scrambles As JioStar Seeks Exit

Rediff.com9 Dec 2025

A key blow for JioStar came from an unlikely source: The Indian government's ban on real-money gaming, the sector that had become cricket's biggest advertiser.

India Is In The Doghouse At The Moment

India Is In The Doghouse At The Moment

Rediff.com20 Mar 2026

There is record underperformance and under-ownership. Some of this is cyclical and will turn on its own. However, we also need to regain our growth credentials. For this, both the government and companies have a role to play, as do investors, points out Akash Prakash.

PCB talks with ICC may save India-Pak T20 World Cup clash

PCB talks with ICC may save India-Pak T20 World Cup clash

Rediff.com8 Feb 2026

Pakistan Cricket Board chairman Mohsin Naqvi on Sunday met his Bangladesh counterpart Aminul Islam and ICC deputy chair Imran Khwaja in Lahore, even as efforts to resolve the standoff over Pakistan's proposed boycott of the high stakes T20 World Cup match against India gather pace.

New national policy pegs Rs 200 trn investment in power sector by '47

New national policy pegs Rs 200 trn investment in power sector by '47

Rediff.com22 Jan 2026

The government on Wednesday put out the draft of a new policy that projects the country's power sector will need Rs 50 trillion in investments by 2032 and Rs 200 trillion by 2047, proposing ambitious reforms in generation, transmission and distribution.

Sensex sinks below 82K; Nifty ended down 75 points

Sensex sinks below 82K; Nifty ended down 75 points

Rediff.com21 Jan 2026

Stock market benchmarks ended with losses for the third straight session on Wednesday as heightened geopolitical tensions, weak global peers and persistent foreign fund outflows unnerved investors.

Bank of India Held Liable for ATM Fraud, Ordered to Pay Compensation

Bank of India Held Liable for ATM Fraud, Ordered to Pay Compensation

Rediff.com9 Mar 2026

The State Consumer Disputes Redressal Commission has directed Bank of India to compensate a senior citizen for losses incurred due to unauthorized ATM transactions, citing deficiency in service and failure to adhere to security protocols.

5 killed, 143 injured as powerful quake hits Afghanistan

5 killed, 143 injured as powerful quake hits Afghanistan

Rediff.com3 Nov 2025

At least five people were killed and 143 others injured after a strong earthquake of magnitude 6.3 struck several provinces across Afghanistan in the wee hours of Monday, according to the Afghanistan National Disaster Management Authority (ANDMA).

18 killed, 24 injured in Nagpur explosives factory blast

18 killed, 24 injured in Nagpur explosives factory blast

Rediff.com1 Mar 2026

A blast at an explosives manufacturing factory in Nagpur, Maharashtra, resulted in the death of 17 people and injuries to 18 others. Rescue operations are underway.

'Death is...': Chilling details from Ghaziabad sisters' diary

'Death is...': Chilling details from Ghaziabad sisters' diary

Rediff.com5 Feb 2026

"Death is better for us than your beatings. That is why we are committing suicide... Sorry Papa."

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

Phase out universal subsidies: ADB-PwC study to 16th FC

Phase out universal subsidies: ADB-PwC study to 16th FC

Rediff.com16 Feb 2026

Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.

Rani Mukerji's Mardaani 3 Arrives On OTT This March

Rani Mukerji's Mardaani 3 Arrives On OTT This March

Rediff.com5 Mar 2026

Discover the latest OTT releases, streaming in the month of March.

RBI to roll out risk-based premium model for deposit insurance

RBI to roll out risk-based premium model for deposit insurance

Rediff.com10 Feb 2026

The RBI will now charge banks different deposit insurance fees based on how risky they are, allowing safer banks to pay less premium.

Everday Heroine: 'No Matter What Happens At Home, I Have To Show Up'

Everday Heroine: 'No Matter What Happens At Home, I Have To Show Up'

Rediff.com4 Mar 2026

This Women's Day, meet Shanti, the woman who makes so many lives easier even though hers is anything but.

Bhujbal, 45 others cleared in Maha Sadan money laundering case

Bhujbal, 45 others cleared in Maha Sadan money laundering case

Rediff.com24 Jan 2026

Besides Bhujbal, who is currently the food and civil supplies minister, his son Pankaj, nephew Sameer, former MP Sanjay Kakade, were among the 46 individuals and entities who were cleared from the case by the court.

Now, Insurance For Money Loss From Online Scams

Now, Insurance For Money Loss From Online Scams

Rediff.com29 Apr 2025

In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.

T20 World Cup: India match no-show could cost Pakistan millions

T20 World Cup: India match no-show could cost Pakistan millions

Rediff.com1 Feb 2026

The International Cricket Council is set to take a slew of punitive actions against Pakistan in the wake of their government's decision to boycott the T20 World Cup match against India, including a possible ban from the upcoming edition of the marquee event.

Higher provisioning blurs Bajaj Finance outlook

Higher provisioning blurs Bajaj Finance outlook

Rediff.com5 Feb 2026

Brokerages were divided on Bajaj Finance after its 2025-26 (FY26) third-quarter (October-December/ Q3) results, with a few raising targets on valuation comfort, while others flagged concerns over the credit cost trajectory.

Govt moots power sector reforms to address discom losses

Govt moots power sector reforms to address discom losses

Rediff.com15 Oct 2025

The idea is to establish a robust and forward-looking legal framework that addresses the financial stress of power distribution companies, which are facing losses of over 6.9 trillion, while curbing high industrial tariffs that, according to the government, have affected competitiveness, constrained economic growth, and slowed the transition to clean energy.

ICC-JioStar Slam Reports, Say Rights Deal 'Fully In Force'

ICC-JioStar Slam Reports, Say Rights Deal 'Fully In Force'

Rediff.com12 Dec 2025

The joined statement comes on the back of a recent media report that JioStar, owned by Reliance, has formally informed the ICC of its intention to withdraw from its four-year media rights deal despite two years still remaining on the contract, citing financial losses.

ISRO Fails To Place Spy Satellite In Orbit

ISRO Fails To Place Spy Satellite In Orbit

Rediff.com12 Jan 2026

Based on the broadcast visuals, a rocket expert said the failure appeared similar to the anomaly seen during the PSLV-C61 mission.

Soft hiring trends keep Info Edge on back foot

Soft hiring trends keep Info Edge on back foot

Rediff.com3 Feb 2026

Weakness in the information technology (IT) sector hiring has weighed on Info Edge (India) over the past year, leading to a 13 per cent correction in the stock during this period. While the company's 2025-26 (FY26) third-quarter (October-December/Q3) performance showed a marginal improvement, brokerages believe the IT hiring outlook remains weak due to macroeconomic uncertainty in the US.

Pricing gains ahead for Tata Steel

Pricing gains ahead for Tata Steel

Rediff.com18 Feb 2026

With the worst in terms of pricing pressures behind Tata Steel, its outlook is expected to improve. Europe has seen hot rolled coil prices rise this January after the European Union's (EU's) carbon border adjustment mechanism (CBAM) kicked in and further price improvements may be on the cards once import quotas come into play in June.

JLR Cyberattack Triggers $2.55 Billion Shockwave

JLR Cyberattack Triggers $2.55 Billion Shockwave

Rediff.com23 Oct 2025

At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.

RBI looks to ban sales incentive to bank staffers from third party

RBI looks to ban sales incentive to bank staffers from third party

Rediff.com12 Feb 2026

In a move aimed at curbing the mis-selling of financial products, the Reserve Bank of India (RBI) has proposed banning incentives paid to bank staffers by third parties such as insurance companies and mutual fund houses for selling their products and services. It has also proposed that banks must ensure their user interfaces do not deploy "dark patterns" to lure customers.

Nykaa's revival rests on more than just growth

Nykaa's revival rests on more than just growth

Rediff.com17 Feb 2026

Strong performance in the beauty and personal care (BPC) segment, margin gains, and expectations of a breakeven in the fashion business lifted sentiment for FSN E-Commerce Ventures (Nykaa). The consumer technology platform's stock rose 7.5 per cent on Friday, extending gains over the past week to more than 17 per cent. Most brokerages have upgraded the stock following its third-quarter (October-December/Q3) performance and higher profit expectations ahead.

Why I Cycled From Kashmir To Kanyakumari

Why I Cycled From Kashmir To Kanyakumari

Rediff.com24 Feb 2026

'That journey across India has changed me forever.'

'Let's Stop Treating AI Like COVID'

'Let's Stop Treating AI Like COVID'

Rediff.com2 Mar 2026

'It is too early to conclude that there will be a bloodbath, that there will be no jobs, and that there will be civil unrest.' 'Let's calm down.' 'AI is a tool, it is not a weapon, it is not a virus.'

Family of Jaahnavi Kandula killed by US cop to receive $29mn settlement

Family of Jaahnavi Kandula killed by US cop to receive $29mn settlement

Rediff.com12 Feb 2026

Seattle city Attorney Erika Evans said in a statement that Jaahnavi Kandula's death was heartbreaking, and the city hopes this financial settlement brings some sense of closure to the Kandula family.

Renters, Loss and Liability Cover Are Essential

Renters, Loss and Liability Cover Are Essential

Rediff.com26 May 2025

Tenants should primarily buy contents insurance. 'This covers personal belongings like electronics, furniture, clothes, and appliances against risks such as fire, theft, floods, and other natural calamities.

Why I Liked This Budget!

Why I Liked This Budget!

Rediff.com3 Feb 2026

Sometimes, the most powerful Budgets whisper and the wisest investors listen, notes Ramalingam Kalirajan.

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

Rediff.com20 Feb 2026

Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.

New labour Codes raise operating expenses of pvt banks, insurers

New labour Codes raise operating expenses of pvt banks, insurers

Rediff.com26 Jan 2026

The new labour Codes, notified by the central government in November 2025, have pushed up employee costs for private-sector banks and insurance companies, with these firms reporting higher operating expenses in the October-December quarter (Q3FY26) due to the statutory impact of the new labour Codes.

Tata Motors Q2 net loss at Rs 867 cr; revenue at Rs 18,585 cr

Tata Motors Q2 net loss at Rs 867 cr; revenue at Rs 18,585 cr

Rediff.com13 Nov 2025

Tata Motors, which now houses the company's commercial vehicle business, on Thursday reported a consolidated net loss of Rs 867 crore in the September quarter, impacted by mark-to-market losses of Rs 2,026 crore on account of investment in Tata Capital.

Delhi HC Pulls Up IOA In Winter Olympics Selection Row

Delhi HC Pulls Up IOA In Winter Olympics Selection Row

Rediff.com20 Feb 2026

Delhi High Court allows skier Manjeet to initiate contempt proceedings against an IOA official over alleged misquoting of court order in Winter Olympics selection row.

Sensex up 174 points on gains in bank, IT stocks

Sensex up 174 points on gains in bank, IT stocks

Rediff.com17 Feb 2026

Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.