News for 'financial services'

GST Fraud: Mastermind Arrested In Rs 410 Crore ITC Scam

GST Fraud: Mastermind Arrested In Rs 410 Crore ITC Scam

Rediff.com22 Apr 2026

The Commercial Taxes Department has arrested Mohammed Tauqeer for his involvement in generating and routing fraudulent ITC across multiple states, unearthing a GST fraud worth Rs 410 crore.

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.'

Chhattisgarh Government Suspends IG Over Misconduct Allegations

Chhattisgarh Government Suspends IG Over Misconduct Allegations

Rediff.com26 Mar 2026

The Chhattisgarh government has suspended Inspector General of Police Ratan Lal Dangi following a complaint of harassment and financial irregularities. The suspension is due to alleged violations of service conduct rules and unbecoming behaviour.

NSE-listed companies increase CSR spending by 23% to Rs 22,212 crore in FY25

NSE-listed companies increase CSR spending by 23% to Rs 22,212 crore in FY25

Rediff.com21 Apr 2026

Companies listed on the National Stock Exchange (NSE) main board increased their Corporate Social Responsibility (CSR) expenditure by 23 per cent year-on-year to Rs 22,212 crore in 2024-25 (FY25), driven by a significant jump in average net profits, according to a PRIME Database Group report.

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.

How A Fake Payment Executive Scammed Delhi Shopkeepers

How A Fake Payment Executive Scammed Delhi Shopkeepers

Rediff.com17 Apr 2026

A 20-year-old man was arrested for allegedly posing as an employee of a digital payment platform and duping shopkeepers in East Delhi by claiming to check defective sound boxes.

HCLTech Q4 net profit up 4.2% to Rs 4,488 crore, FY27 growth seen at 1-4%

HCLTech Q4 net profit up 4.2% to Rs 4,488 crore, FY27 growth seen at 1-4%

Rediff.com21 Apr 2026

IT major HCLTech reported a 4.20 per cent year-on-year rise in consolidated net profit to Rs 4,488 crore for the January-March quarter of FY26, but projected a modest 1-4 per cent revenue growth for FY27, citing market volatility and reduced discretionary spending.

Outrage As Odisha Bank Asks Man To Produce Sister's Skeleton

Outrage As Odisha Bank Asks Man To Produce Sister's Skeleton

Rediff.com28 Apr 2026

A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to withdraw her money, sparking widespread condemnation. The bank claims it only requested valid documents, but the incident has raised questions about the treatment of vulnerable customers.

Gulf War: Stocks That Tanked The Most

Gulf War: Stocks That Tanked The Most

Rediff.com14 Apr 2026

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.

Think Your Car Insurance Covers Everything? These 6 Situations Might Shock You

Think Your Car Insurance Covers Everything? These 6 Situations Might Shock You

Rediff.com27 Apr 2026

Most owners assume car insurance covers everything, but hidden exclusions can lead to claim rejections and unexpected financial shocks.

MF launches taper off in March in the midst of West Asia flare-up

MF launches taper off in March in the midst of West Asia flare-up

Rediff.com2 Apr 2026

Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.

Iranian supertanker bypasses US Navy blockade

Iranian supertanker bypasses US Navy blockade

Rediff.com3 May 2026

An Iranian tanker successfully bypassed the US Navy to deliver crude oil to the Asia-Pacific region, despite ongoing tensions and a US blockade.

Gold likely to hold ground; silver braces for volatility

Gold likely to hold ground; silver braces for volatility

Rediff.com8 Feb 2026

Gold prices are likely to trade firm next week as traders await key economic data, including US inflation numbers, for fresh cues on interest rate outlook, while silver may remain volatile amid shifting risk sentiment and speculative activity, analysts said.

Maharashtra Official Demands Action in TCS Sexual Harassment and Conversion Case

Maharashtra Official Demands Action in TCS Sexual Harassment and Conversion Case

Rediff.com13 Apr 2026

A Maharashtra Legislative Council official has demanded strict action against TCS employees in Nashik following allegations of sexual harassment and forced religious conversion. An SIT has been formed and arrests have been made.

Bank of Baroda and Reliance Jio Team Up to Expand Mobile Banking for Feature Phone Users

Bank of Baroda and Reliance Jio Team Up to Expand Mobile Banking for Feature Phone Users

Rediff.com13 Apr 2026

Bank of Baroda has partnered with Reliance Jio to provide access to its mobile banking application, 'bob World Lite', for users of Jio feature phones, aiming to promote financial inclusion and digital payments.

With Nirmala Sitharaman In This Pic Are...

With Nirmala Sitharaman In This Pic Are...

Rediff.com1 Feb 2026

We know what Mrs Sitharaman and Mr Chaudhary (who may soon be moving out of the finance ministry to head to Lucknow to take charge as president of the Bharatiya Janata Party's Uttar Pradesh unit) look like, but who are the others in these photographs?

Gmail, Facebook, Netflix passwords of 149 million users leaked

Gmail, Facebook, Netflix passwords of 149 million users leaked

Rediff.com24 Jan 2026

The publicly exposed data includes 48 million accounts on Gmail, 4 million on Yahoo, 17 million on Facebook, 6.5 million on Instagram, 3.4 million on Netflix, 1.5 million on Outlook, etc.

TCS HR, AGM ignored 70 messages of harassment

TCS HR, AGM ignored 70 messages of harassment

Rediff.com15 Apr 2026

The HR manager at TCS Nashik is under investigation for allegedly suppressing complaints and shielding the accused in a harassment case involving multiple employees.

TCS announces annual salary hikes, prioritises AI skills

TCS announces annual salary hikes, prioritises AI skills

Rediff.com10 Apr 2026

Tata Consultancy Services (TCS) has announced annual salary hikes effective April 1, with top performers receiving double-digit increases, while also renewing its multi-year strategic partnership with UK retailer Marks & Spencer (M&S) to support its omnichannel and data-driven transformation with AI.

FPIs Pull Out Record 1.04 Trillion In March

FPIs Pull Out Record 1.04 Trillion In March

Rediff.com24 Mar 2026

Domestic institutional investors, on the other hand, made a net investment of Rs 1.13 trillion during this period.

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

Rediff.com17 Apr 2026

HDFC Life Insurance reported a 4 per cent year-on-year increase in net profit to Rs 495.6 crore for Q4FY26, while its parent, HDFC Bank, announced a Rs 1,000 crore preferential share issuance to raise its stake to 50.5 per cent.

Indian Carmakers Kick Off FY27 with Robust 27% Sales Surge in April

Indian Carmakers Kick Off FY27 with Robust 27% Sales Surge in April

Rediff.com1 May 2026

Indian carmakers experienced a robust start to the new fiscal year, with an estimated 4.5 lakh passenger vehicles sold in April, marking a 27 per cent increase year-on-year, attributed to factors like GST 2.0, repo rate cuts, and income tax benefits.

TCS Makes 25,000 Fresher Offers

TCS Makes 25,000 Fresher Offers

Rediff.com21 Apr 2026

These offers provide some relief to engineering students impacted by the uptake in artificial intelligence (AI) tools.

Infosys Q3: Higher growth guidance drives IT stocks

Infosys Q3: Higher growth guidance drives IT stocks

Rediff.com17 Jan 2026

Shares of information technology (IT) companies were in demand on Friday, with the National Stock Exchange's (NSE's) Nifty IT index rallying 3.3 per cent on . This came after Infosys reported steady sequential growth, driven by health care boost and large deal rampup in a seasonally weak quarter (Q3FY26).

War, Rain Dampen Q4 Consumer Durables Sales, Especially ACs

War, Rain Dampen Q4 Consumer Durables Sales, Especially ACs

Rediff.com20 Apr 2026

Increased input costs due to geopolitical conflict in West Asia and unseasonal rain in March negatively impacted volumes of consumer durables makers, particularly air conditioners, in Q4FY26, leading to projected declines in EBITDA and APAT despite revenue growth.

SFBs' universal licence dream: It's a long road ahead

SFBs' universal licence dream: It's a long road ahead

Rediff.com23 Apr 2026

The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

Rediff.com13 Feb 2026

Nearly two-thirds of external commercial borrowings (ECBs) raised so far in the ongoing financial year (2025-26/FY26) have been routed through Gujarat International Finance Tec-City (GIFT City), a sharp jump from the 36 per cent recorded in 2024-25.

CAE Inaugurates Advanced Pilot Training Centre in Mumbai

CAE Inaugurates Advanced Pilot Training Centre in Mumbai

Rediff.com15 Apr 2026

CAE Simulation Training has launched a new pilot training facility in Mumbai, its fourth in India, to address the increasing demand for skilled pilots in the rapidly growing domestic aviation market.

Kerala Offers Congress Golden Chance; Will It Deliver?

Kerala Offers Congress Golden Chance; Will It Deliver?

Rediff.com8 May 2026

Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.

Focus on the underserved to deepen financial inclusion: RBI Guv to fintechs

Focus on the underserved to deepen financial inclusion: RBI Guv to fintechs

Rediff.com8 Oct 2025

Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest in Mumbai, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved.

Cognizant CEO Ravi Kumar's Compensation Jumped 28% to $21.5 Million Last Year

Cognizant CEO Ravi Kumar's Compensation Jumped 28% to $21.5 Million Last Year

Rediff.com18 Apr 2026

Cognizant CEO Ravi Kumar's annual compensation increased by 28 per cent to $21.5 million in 2025, while CFO Jatin Dalal's compensation dropped by 30 per cent to $7.08 million, according to a recent proxy statement.

'Dhurandhar Is Not A Ranveer Singh Film'

'Dhurandhar Is Not A Ranveer Singh Film'

Rediff.com2 Apr 2026

The monumental box office success of the Dhurandhar franchise has been attributed to Director Aditya Dhar's creative vision, rather than lead star Ranveer Singh's appeal.

Key Arms Trafficking Operative with Pakistan Links Arrested in Delhi

Key Arms Trafficking Operative with Pakistan Links Arrested in Delhi

Rediff.com15 Apr 2026

Delhi Police have arrested Harsh Pal Singh, a key operative in a transnational arms trafficking and terror module with alleged links to Pakistan-based handlers. Singh is associated with jailed gangster Lawrence Bishnoi and is accused of receiving illegal arms consignments and mediating in extortion cases.

ED Arrests I-PAC Co-founder in Money Laundering Probe

ED Arrests I-PAC Co-founder in Money Laundering Probe

Rediff.com14 Apr 2026

The Enforcement Directorate (ED) has arrested I-PAC co-founder Vinesh Chandel in connection with a money laundering case linked to the coal scam probe in West Bengal, escalating tensions ahead of the state's Assembly elections.

Second-round effects of supply shocks a real concern, says RBI governor

Second-round effects of supply shocks a real concern, says RBI governor

Rediff.com21 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.

Power shift in Andhra: CM Naidu hands key TDP role to son Nara Lokesh

Power shift in Andhra: CM Naidu hands key TDP role to son Nara Lokesh

Rediff.com29 Apr 2026

Chandrababu Naidu has reorganised the Telugu Desam Party (TDP), appointing his son Nara Lokesh as working president and emphasising a blend of experienced and new leaders to strengthen the party.

TCS made 25,000 fresher offers for FY27; future hiring depends on demand

TCS made 25,000 fresher offers for FY27; future hiring depends on demand

Rediff.com12 Apr 2026

Tata Consultancy Services (TCS) has extended 25,000 offers to freshers for the current fiscal year (FY27), with future hiring decisions contingent on the demand scenario, according to CEO K Krithivasan.

UP ramps up services to achieve $50 bn export goal, eyes $1-trn economy

UP ramps up services to achieve $50 bn export goal, eyes $1-trn economy

Rediff.com2 Jan 2026

To meet its $50-billion export target by 2030, the Uttar Pradesh government is looking to significantly scale up services sector, with a focus on Information Technology (IT) and Global Capability Centres (GCC) domains. Under the UP Export Promotion Policy 2025-30, the state aims to raise goods and services exports from $21 billion in 2024 to $50 billion by 2030.

Why Afghanistan's Anti-Doping Efforts Are Failing

Why Afghanistan's Anti-Doping Efforts Are Failing

Rediff.com17 Apr 2026

Afghanistan's anti-doping programme has collapsed since the Taliban's return to power, with no tests conducted for three years and the country's exiled anti-doping chief admitting there is currently 'no hope'. The programme faces numerous challenges, including a lack of Doping Control Officers, logistical issues, and political instability.

Trinamool Congress Unveils Manifesto with Focus on Healthcare and Welfare

Trinamool Congress Unveils Manifesto with Focus on Healthcare and Welfare

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal Assembly polls, outlining 10 key pledges focused on expanding welfare schemes, improving healthcare access, and developing infrastructure.