News for 'financial sector'

US raises concerns over India's data protection, internet shutdown policies

US raises concerns over India's data protection, internet shutdown policies

Rediff.com10 Apr 2026

The United States Trade Representative (USTR) has expressed concerns that India's Digital Personal Data Protection (DPDP) Act, particularly the lack of a deemed consent mechanism for credit information companies, and the Information Technology (IT) Rules of 2021, along with frequent internet shutdowns, could negatively impact the ability of US companies to operate and trade in India.

IDFC First Bank Simplifies Customs Duty Payments Digitally

IDFC First Bank Simplifies Customs Duty Payments Digitally

Rediff.com18 Apr 2026

IDFC First Bank has integrated with ICEGATE 2.0 to enable digital payment of customs duty, central excise, and service tax for its customers.

Two Arrested For Real Estate Fraud Linked To Dhirendra Shastri Ashram

Two Arrested For Real Estate Fraud Linked To Dhirendra Shastri Ashram

Rediff.com24 Apr 2026

Gurugram police have arrested two individuals, including a director of an infra firm, for allegedly defrauding investors through fake real estate projects linked to Dhirendra Shastri's 'Aparna Ashram' in Silokhera village.

Two Arrested For Real Estate Fraud Linked To Ashram

Two Arrested For Real Estate Fraud Linked To Ashram

Rediff.com24 Apr 2026

Gurugram police have arrested two individuals, including a director of an infra firm, for allegedly defrauding investors through fake real estate projects connected to Dhirendra Shastri's 'Aparna Ashram'.

Loan growth, profitability seen improving for public sector banks

Loan growth, profitability seen improving for public sector banks

Rediff.com10 Dec 2025

The Indian banking sector could be due for a rise in profitability after several quarters of net interest margin (NIM) compression. The Q2FY26 results suggest NIMs have bottomed out.

Automation nudges banks towards leaner workforce

Automation nudges banks towards leaner workforce

Rediff.com28 Apr 2026

Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.

Staggered Jet Fuel Price Hike to Shield Passengers from Steep Fare Rises

Staggered Jet Fuel Price Hike to Shield Passengers from Steep Fare Rises

Rediff.com1 Apr 2026

Civil Aviation Minister K Rammohan Naidu announced that public sector oil marketing companies will implement a partial and staggered increase in jet fuel prices for domestic airlines, aiming to protect passengers from steep fare hikes.

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

Rediff.com13 Apr 2026

A government mandate requiring central public sector enterprises to use the Trade Receivables Discounting System (TReDS) for settling small business invoices is expected to significantly increase volumes on these platforms.

Insurance sector premium growth crossed 20% in Nov

Insurance sector premium growth crossed 20% in Nov

Rediff.com9 Dec 2025

Both the life and non-life insurance segment posted over 20 per cent premium growth in November for the first time in this financial year (FY26), supported by the reduction in goods and services tax (GST) on premiums from 18 per cent to zero and a favourable base effect.

UPI Transactions Soar To 314 Lakh Crore In FY26

UPI Transactions Soar To 314 Lakh Crore In FY26

Rediff.com30 Apr 2026

Unified Payments Interface (UPI) has reached a record Rs 314 lakh crore in transaction value in FY26, representing more than a 4,000-fold increase since inception.

Cibil CEO: Lenders must engage with customers on credit usage, as they did during pandemic

Cibil CEO: Lenders must engage with customers on credit usage, as they did during pandemic

Rediff.com8 Apr 2026

TransUnion Cibil CEO Bhavesh Jain highlights the improved retail portfolio quality in January but stresses the need for lenders to continuously engage with borrowers on credit usage and repayment, similar to the approach taken during the Covid-19 pandemic, as the impact of the Iran war on credit quality is still being assessed.

Cybersecurity Incidents Double in India: Delhi Reports Highest Number

Cybersecurity Incidents Double in India: Delhi Reports Highest Number

Rediff.com24 Mar 2026

India has experienced a significant increase in cybersecurity incidents since 2021, with Delhi reporting the highest number of cases. The government is taking steps to address these threats through various initiatives and platforms.

Hampton Sky Realty Claims Innocence After Director's Arrest

Hampton Sky Realty Claims Innocence After Director's Arrest

Rediff.com9 May 2026

Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.

Airline stocks fly into rough weather again

Airline stocks fly into rough weather again

Rediff.com19 Mar 2026

India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.

NPS Investors: Pick Fund Managers Wisely

NPS Investors: Pick Fund Managers Wisely

Rediff.com28 Apr 2026

Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.

M&M refines supply chain strategy to counter global disruptions

M&M refines supply chain strategy to counter global disruptions

Rediff.com7 May 2026

Mahindra & Mahindra (M&M) is implementing a comprehensive, multi-layered strategy to fortify its supply chains against geopolitical volatility, logistical challenges, and regulatory risks, drawing lessons from recent global disruptions.

Narcotics ring busted, cocaine worth Rs 1,745 cr seized in Mumbai: Amit Shah

Narcotics ring busted, cocaine worth Rs 1,745 cr seized in Mumbai: Amit Shah

Rediff.com1 May 2026

The Narcotics Control Bureau (NCB) has busted a major international narcotics ring, seizing 349 kg of high-grade cocaine worth Rs 1,745 crore in Mumbai.

BFSI weight in Nifty 50 rebounds to 3-year high amid sector rotation

BFSI weight in Nifty 50 rebounds to 3-year high amid sector rotation

Rediff.com6 Nov 2025

The banking, financial services and insurance (BFSI) sector has moved back into focus for investors this calendar year, after lagging the broader market for two consecutive years. BFSI stocks have outperformed benchmark indices in 2025 so far, driving a steady rise in the sector's weighting within the Nifty 50 index.

'NPS Will Exceed 30% Growth This Financial Year'

'NPS Will Exceed 30% Growth This Financial Year'

Rediff.com17 Oct 2025

'The informal sector can grow at a 100 per cent rate -- we have to plan big.'

TCS Q4 net profit jumps 12% to Rs 13,718 cr; adds 2k employees as layoffs end

TCS Q4 net profit jumps 12% to Rs 13,718 cr; adds 2k employees as layoffs end

Rediff.com10 Apr 2026

Tata Consultancy Services (TCS) announced a 12.22 per cent increase in its net profit for the March quarter, reaching Rs 13,718 crore, alongside a 9.64 per cent rise in revenue from operations.

Andrew Holland: 'I'd Lean Towards 60-70% in Largecaps'

Andrew Holland: 'I'd Lean Towards 60-70% in Largecaps'

Rediff.com28 Apr 2026

'... with the rest split between mid and smallcaps, as valuations are becoming more attractive across segments.'

'Kerala Needs A Leader Who Can Think Out Of The Box'

'Kerala Needs A Leader Who Can Think Out Of The Box'

Rediff.com8 May 2026

'Among the leaders whose names are going around, V D Satheesan is the leader who will fit this kind of situation.'

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

Rediff.com6 Apr 2026

The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.

Kerala Verdict: Left's Worst Defeat

Kerala Verdict: Left's Worst Defeat

Rediff.com5 May 2026

'What we are witnessing is a massive anti-incumbency wave that has cut across all social and political divides.'

ISRO planning 7 more launches this financial year

ISRO planning 7 more launches this financial year

Rediff.com16 Nov 2025

Indian Space Research Organisation is gearing up for one of its busiest times with seven more launches planned this financial year, even as India's first human spaceflight remains scheduled for 2027, its chairman V Narayanan said.

Shashank Jain to Take Over as Brookfield India REIT CEO

Shashank Jain to Take Over as Brookfield India REIT CEO

Rediff.com31 Mar 2026

Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT, effective July 1.

Geopolitical Risks Could Push Jio Platforms IPO to H2 FY27

Geopolitical Risks Could Push Jio Platforms IPO to H2 FY27

Rediff.com29 Apr 2026

Reliance Industries' digital arm, Jio Platforms, may see its initial public offering (IPO) delayed to the second half of fiscal 2027, according to CreditSights. The delay is primarily attributed to ongoing geopolitical tensions in the Middle East, which could impact market conditions and investor sentiment.

PV sales growth may dip up to 5% in FY27: India Ratings

PV sales growth may dip up to 5% in FY27: India Ratings

Rediff.com6 Mar 2026

Passenger vehicle (PV) sales growth in India is expected to moderate to 3-5 per cent year-on-year (Y-o-Y) in financial year 2027 (FY27) due to a high base and preponed replacement demand, according to a report released by India Ratings and Research on Thursday.

Haryana Orders Probe into Panchkula Municipal Corporation's Missing Funds

Haryana Orders Probe into Panchkula Municipal Corporation's Missing Funds

Rediff.com25 Mar 2026

An FIR has been filed regarding alleged discrepancies in Panchkula Municipal Corporation's fixed deposit receipts (FDRs) of nearly Rs 150 crore held at a Kotak Mahindra Bank branch, leading to a state-level investigation.

Court Discharges Rohit Pawar In MSCB Scam Case: Here's Why

Court Discharges Rohit Pawar In MSCB Scam Case: Here's Why

Rediff.com22 Apr 2026

A special court in Mumbai discharged NCP (SP) MLA Rohit Pawar and others in a case registered by the Enforcement Directorate concerning an alleged Rs 25,000 crore scam at the Maharashtra State Co-operative Bank (MSCB). The court stated that the money laundering case could not proceed without a predicate offence.

Privatisation push loses steam as IDBI Bank stake sale scrapped

Privatisation push loses steam as IDBI Bank stake sale scrapped

Rediff.com23 Mar 2026

India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.

ICICI Bank's Q4 consolidated net profit rises 9.28% to Rs 14,755 crore

ICICI Bank's Q4 consolidated net profit rises 9.28% to Rs 14,755 crore

Rediff.com18 Apr 2026

ICICI Bank reported a 9.28 per cent increase in its consolidated net profit to Rs 14,755 crore for the March quarter of FY26, primarily driven by a nearly 90 per cent reduction in provisioning. The bank's executive director, Sandeep Batra, noted strong asset growth but expressed caution regarding the geopolitical situation in West Asia.

Insurance staff oppose pvt sector entry in top PSU posts

Insurance staff oppose pvt sector entry in top PSU posts

Rediff.com14 Oct 2025

The All India Insurance Employees' Association has opposed the government directive seeking to open up top posts in the state-owned insurers to the private sector, saying this would lead to greater private influence and "eventual privatisation".

'Biggest Single Danger Is If Remittances Come Down'

'Biggest Single Danger Is If Remittances Come Down'

Rediff.com13 May 2026

'At the first sign of real trouble, that money will move. There will be a run.'

Silver lining to India's ageing truck fleet

Silver lining to India's ageing truck fleet

Rediff.com14 Apr 2026

India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.

Maruti Suzuki discontinues Ignis hatchback amid weak sales, supply woes hit S-Presso and WagonR

Maruti Suzuki discontinues Ignis hatchback amid weak sales, supply woes hit S-Presso and WagonR

Rediff.com30 Apr 2026

Maruti Suzuki has discontinued its Ignis hatchback due to weak sales and a shift towards SUVs, while simultaneously facing supply chain issues for its popular S-Presso and WagonR models, leading to booking halts at some dealerships.

'Is This A Slavery System In India?'

'Is This A Slavery System In India?'

Rediff.com28 Apr 2026

'Workers are the people who create all the wealth in this country. How can you call them anti-national?'

Near-term growth, margin triggers missing in Wipro's Q4 results

Near-term growth, margin triggers missing in Wipro's Q4 results

Rediff.com26 Apr 2026

Wipro reported Q4FY26 IT services revenue of $2.6 billion, a modest 0.2 per cent Q-o-Q constant currency growth, with adjusted operating profit margin beating estimates at 17.2 per cent. The company announced a significant share buyback of ~15,000 crore, but faces near-term growth challenges, particularly in the BFSI segment, and has issued a soft Q1FY27 revenue guidance.

West Asia Conflict Can Create Havoc With Budget Numbers

West Asia Conflict Can Create Havoc With Budget Numbers

Rediff.com23 Apr 2026

The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.

Vigilance Bureau Probes 150 Crore Discrepancies in Panchkula Municipal Funds

Vigilance Bureau Probes 150 Crore Discrepancies in Panchkula Municipal Funds

Rediff.com25 Mar 2026

Haryana's State Vigilance and Anti-Corruption Bureau has filed an FIR to investigate alleged discrepancies involving nearly 150 crore of Panchkula Municipal Corporation funds held in a Kotak Mahindra Bank branch.