News for 'financial services'

ED chargesheets online gaming app WinZO over Rs 734 cr scam

ED chargesheets online gaming app WinZO over Rs 734 cr scam

Rediff.com25 Jan 2026

The Enforcement Directorate (ED) has filed a chargesheet against real-money online gaming app WinZO and its promoters, alleging the company used bots and AI to manipulate game algorithms, leading to significant financial losses for users.

Investors lost Rs 9.40 lakh cr in Budget Sunday crash

Investors lost Rs 9.40 lakh cr in Budget Sunday crash

Rediff.com1 Feb 2026

The market capitalisation of BSE-listed companies eroded by Rs 9,40,581.75 crore to Rs 4,50,61,658.60 crore (USD 4.90 trillion) in a single day.

Agencies flag 'crypto hawala' pipeline funding terror in J-K

Agencies flag 'crypto hawala' pipeline funding terror in J-K

Rediff.com18 Jan 2026

Mirroring the traditional hawala system, where money is sent through non-banking channels, this digital version uses the anonymity of unregulated cryptocurrency to erase the financial trail and inject cash into the domestic economy.

Factors that will guide the stock markets this week

Factors that will guide the stock markets this week

Rediff.com28 Dec 2025

A host of macroeconomic data announcements, global trends and trading activity of foreign investors would dictate investors' sentiment in the stock market this week, analysts said. Besides, auto sales data will be closely tracked, experts noted.

Zubeen Garg's death: ED, I-T dept to probe event manager's financial crimes

Zubeen Garg's death: ED, I-T dept to probe event manager's financial crimes

Rediff.com3 Oct 2025

The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta, an accused in the death of Assam's cultural icon Zubeen Garg.

Healthcare Funds: Caution Advised

Healthcare Funds: Caution Advised

Rediff.com12 Feb 2026

Most first-time investors may be better served by diversified options such as flexicap or multi-cap funds, which already hold pharma and healthcare stocks.

SC bars stem cell therapy for autism outside clinical trials

SC bars stem cell therapy for autism outside clinical trials

Rediff.com30 Jan 2026

The Supreme Court of India has ruled that stem cell therapies for Autism Spectrum Disorder (ASD) can only be offered within approved and monitored clinical trial settings, deeming any other use unethical and potentially malpractice.

Smallcap Index Faces Worst Year Since 2018

Smallcap Index Faces Worst Year Since 2018

Rediff.com31 Dec 2025

Over 50 per cent, or 660 stocks, from the BSE 1000 index recorded negative returns during CY25.

UPI Growth Slowdown Rings Alarm

UPI Growth Slowdown Rings Alarm

Rediff.com11 Feb 2026

This would imply a 29 per cent year-on-year rise, significantly lower than growth rates seen in recent years.

Insurance industry flags concerns over proposed Insurance Amendment Bill

Insurance industry flags concerns over proposed Insurance Amendment Bill

Rediff.com24 Dec 2025

The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.

PSBs' staff count rises for 1st time in 5 years

PSBs' staff count rises for 1st time in 5 years

Rediff.com31 Dec 2025

Public sector banks' (PSBs') employee count grew for the first time in five years while private sector banks' staff strength saw a decline in 2024-25 (FY25), according to latest data released by the Reserve Bank of India (RBI). The employee count of state-owned lenders rose 0.22 per cent year-on-year (Y-o-Y) to 757,641 at the end of March 31, 2025 from 756,015 in FY24.

World's 9 Fastest-Growing Cities

World's 9 Fastest-Growing Cities

Rediff.com26 Dec 2025

Asia takes the lead, boasting four Indian cities on the list, according to the 2024 Savills Growth Hubs Index.

Govt notifies rules to enable 100% FDI in insurance sector

Govt notifies rules to enable 100% FDI in insurance sector

Rediff.com1 Jan 2026

Following the notification allowing 100 per cent foreign direct investment (FDI) in the insurance sector, the Finance Ministry has revised norms to remove the requirement that a majority of directors and key management personnel in an insurance company with foreign investment be Indian residents.

Bulls prowl D-Street: Benchmarks see best day in over 8 months

Bulls prowl D-Street: Benchmarks see best day in over 8 months

Rediff.com4 Feb 2026

Domestic equities surged on Tuesday, posting their best single-day gains in more than eight months after a long-awaited trade deal between India and the US. The deal, which lowered tariffs on Indian goods to 18 per cent from 50 per cent, significantly improved investor sentiment and lifted a key overhang for the market.

HCLTech profit flat at Rs 4,235 cr, revenue rises 10.7% in Q2FY26

HCLTech profit flat at Rs 4,235 cr, revenue rises 10.7% in Q2FY26

Rediff.com14 Oct 2025

HCLTech reported flat net income of Rs 4,235 crore in the second quarter of 2025-26 (Q2FY26) compared to last year, even as its revenue was up 10.7 per cent to Rs 31,492 crore helped by financial services and technology business verticals.

Open offers highest since 2008 as acquisition, takeover attempts surge

Open offers highest since 2008 as acquisition, takeover attempts surge

Rediff.com29 Dec 2025

Open offers this calendar year, following attempts at acquisition and takeover, came in at more than two a week. There were 121 such open offers to acquire additional shares following a substantial acquisition or change of control, shows the data compiled by primedatabase.com.

India, New Zealand conclude FTA negotiations

India, New Zealand conclude FTA negotiations

Rediff.com22 Dec 2025

New Zealand Prime Minister Christopher Luxon on Monday said the negotiations for a free trade agreement with India have been concluded.

Bull-case scenario puts Nifty at 32,032 by 2026: Kotak Sec

Bull-case scenario puts Nifty at 32,032 by 2026: Kotak Sec

Rediff.com11 Dec 2025

The Nifty 50 index could rise around 24 per cent from current levels to 32,032 by December 2026 in a bull-case scenario, Kotak Securities said in a recent note. "We value Nifty at a 10 per cent premium (at 22x) to the 10-year average price-to-earnings of 20x on 2027-28 estimated (E) earnings per share (EPS) of Rs 1,456, and arrive at a December 2026 Nifty target of 32,032," the analysts wrote.

Missed Income In ITR? File ITR-U

Missed Income In ITR? File ITR-U

Rediff.com4 Feb 2026

Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors that led to a shortfall in tax payment.

FinMin: No Directions Given to LIC on Investments

FinMin: No Directions Given to LIC on Investments

Rediff.com2 Dec 2025

'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'

Union Budget 2026: Sitharaman tries to cover all bases, leaves out markets

Union Budget 2026: Sitharaman tries to cover all bases, leaves out markets

Rediff.com1 Feb 2026

Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.

Inflation data and activities of foreign investors to drive markets

Inflation data and activities of foreign investors to drive markets

Rediff.com14 Dec 2025

WPI inflation data, trading activity of foreign investors and global cues would dictate trends in the stock market this week, analysts said.

RBI imposes Rs 91 lakh penalty on HDFC Bank

RBI imposes Rs 91 lakh penalty on HDFC Bank

Rediff.com28 Nov 2025

A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC).

ITC's profit flat on labour Code effect

ITC's profit flat on labour Code effect

Rediff.com30 Jan 2026

Cigarette-to-soap conglomerate ITC on Thursday reported a consolidated net profit (attributable to owners) of Rs 4,931.19 crore for the third quarter (October-December/Q3) of 2025-26 (FY26), affected by a one-time provision related to the new labour codes and a base effect from an exceptional item in Q3 of 2024-25. In the year-ago period, net profit had stood at Rs 4,934.8 crore.

Why There's A Music Revolution

Why There's A Music Revolution

Rediff.com3 Jan 2026

With the music industry pushing for growth in the paid subscription segment, Universal Music India anticipates that the Indian market will mature, potentially becoming a highly impactful paid market for music over the next five years.

Infosys Q3 net falls 2.2% to Rs 6,654 crore

Infosys Q3 net falls 2.2% to Rs 6,654 crore

Rediff.com14 Jan 2026

IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore in the October-December quarter of FY26. The Bengaluru-headquartered firm had registered a net profit (attributable to owners of the company) of Rs 6,806 crore in the year-ago period.

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Rediff.com28 Jan 2026

'The trade deficit in some sectors is huge and that is an area of opportunity to localise.'

Bajaj Finance to Muthoot Finance: NBFCs outpace banks once again

Bajaj Finance to Muthoot Finance: NBFCs outpace banks once again

Rediff.com16 Dec 2025

Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.

'Money Comes Only When Markets Do Well'

'Money Comes Only When Markets Do Well'

Rediff.com4 Feb 2026

'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'

New Labour Codes Will Hit MSMEs Harder, Say HR Firms

New Labour Codes Will Hit MSMEs Harder, Say HR Firms

Rediff.com21 Jan 2026

For MSMEs the transition could mean higher wage bills and tougher compliance -- unless strong handholding follows reports Auhona Mukherjee.

Lessons To Learn From The Tatas

Lessons To Learn From The Tatas

Rediff.com30 Jan 2026

Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.

STT hike on Futures drags markets down; Sensex crashes 1,547 points

STT hike on Futures drags markets down; Sensex crashes 1,547 points

Rediff.com1 Feb 2026

Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives. Reversing the early gains, the 30-share BSE Sensex plunged sharply by 2,370.36 points or 2.88 per cent to slide below the 80,000-mark at 79,899.42 in afternoon trade as the finance minister announced a hike in STT on futures contracts to 0.05 per cent from the current 0.02 per cent.

Inderjit Singh Bindra: Architect of Modern Indian Cricket

Inderjit Singh Bindra: Architect of Modern Indian Cricket

Rediff.com27 Jan 2026

As he is laid to rest, Indian cricket bids farewell to one of its greatest administrators -- a visionary who understood that breaking monopolies and building stadiums were about the same thing: Giving millions of cricket-loving Indians the infrastructure worthy of their passion.

New labour codes drag HCLTech Q3 profit to Rs 4,076 crore

New labour codes drag HCLTech Q3 profit to Rs 4,076 crore

Rediff.com12 Jan 2026

IT services firm HCLTech on Monday reported a 11.2 per cent decline in consolidated net profit to Rs 4,076 crore in the October-December quarter of FY26.

Ahead of IPO, Practo eyes $1 bn GMV

Ahead of IPO, Practo eyes $1 bn GMV

Rediff.com30 Dec 2025

Digital healthcare platform Practo is targeting annualised gross merchandise value (GMV) of $1 billion by June 2026, with its expanding US operations expected to contribute between $250 million and $300 million, according to people familiar with the company's plans.

Duty hikes to dent cigarette volumes by 6-8% in FY27: Crisil Ratings

Duty hikes to dent cigarette volumes by 6-8% in FY27: Crisil Ratings

Rediff.com29 Jan 2026

The domestic cigarette industry is expected to see a 6-8 per cent volume contraction next fiscal following the imposition of additional excise duties and increase in goods and services tax (GST) rates from February 1, Crisil Ratings said on Wednesday.

Budget 2026: Key numbers to be watched

Budget 2026: Key numbers to be watched

Rediff.com1 Feb 2026

Here are the key numbers to watch out for in the Union Budget for 2025-26:

Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

Rediff.com26 Jan 2026

Banks are depending more heavily on the market for certificates of deposit (CDs), whose worth climbed to a record Rs 5.75 trillion in the fortnight to January 15, owing to deposit tightness in the system.

Why 2026 Is Crucial Year For India's Military

Why 2026 Is Crucial Year For India's Military

Rediff.com14 Jan 2026

'The tools of warfare are changing. The MoD must deepen its engagement with technology thinkers that can present compelling visions of where warfare may be heading.'

Odisha leads in GST growth, T'gana in direct taxes

Odisha leads in GST growth, T'gana in direct taxes

Rediff.com26 Dec 2025

A shift appears underway in India's tax landscape. States with relatively smaller tax collections like Odisha and Telangana are emerging as the fastest-growing contributors to indirect and direct tax collections, respectively.