News for 'financial services'

'FIIs Looking For Consistency In Regulatory Actions'

'FIIs Looking For Consistency In Regulatory Actions'

Rediff.com30 Jul 2025

'As long as Sebi maintains transparency and market stability, the Jane Street episode is unlikely to deter long-term foreign capital.'

FPIs pump Rs 18,620 cr in equities in May

FPIs pump Rs 18,620 cr in equities in May

Rediff.com19 May 2025

Foreign investors continue to show confidence in the country's equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April, marking the first inflow in three months, data with the depositories showed.

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Mutual Fund Cash Exposure Declines For The First Time In Six Months

Mutual Fund Cash Exposure Declines For The First Time In Six Months

Rediff.com27 Jun 2025

The top 20 fund houses held 6.8 per cent of their portfolios in cash as of May 31, down from a record high of 7.2 per cent in April 2025.

India's Oil Reforms Aim To Counter US, EU Pressure

India's Oil Reforms Aim To Counter US, EU Pressure

Rediff.com28 Aug 2025

The government has no say in where the country's refiners source oil from because these are commercial transactions.

IndiGo Q1 profit skids 20%; sees 12% passenger growth

IndiGo Q1 profit skids 20%; sees 12% passenger growth

Rediff.com30 Jul 2025

The country's largest airline IndiGo on Wednesday reported a 20 per cent decline in profit after tax at Rs 2,176.3 crore for the June quarter as airspace curbs and overall challenging operating environment crimped its bottom line even as the carrier flew 12 per cent more passengers during the period.

Infosys Q3 profit up 11.5%; raises growth guidance

Infosys Q3 profit up 11.5%; raises growth guidance

Rediff.com16 Jan 2025

IT services major Infosys on Thursday reported 11.46 per cent increase in consolidated net profit at Rs 6,806 crore for December quarter FY25 and raised its guidance on the back of growth in financial services and manufacturing. The company had logged a profit of Rs 6,106 crore in the corresponding period of the previous fiscal.

Right, not generosity: HC upholds disability pension for soldiers

Right, not generosity: HC upholds disability pension for soldiers

Rediff.com5 Jul 2025

The Delhi High Court has dismissed petitions from the Ministry of Defence challenging disability pension orders for armed forces personnel, emphasizing that such pensions are a right, not an act of generosity, and should not be denied based solely on the location of disability onset or claims of lifestyle diseases.

Historic first: Indian NGO 'Educate Girls' wins Magsaysay award

Historic first: Indian NGO 'Educate Girls' wins Magsaysay award

Rediff.com31 Aug 2025

Indian non-profit 'Educate Girls' wins the Ramon Magsaysay Award for its work in educating out-of-school girls in remote villages. The award recognizes selfless service to the peoples of Asia.

Aadhaar, voter ID considered only for identification: EC justifies Bihar SIR

Aadhaar, voter ID considered only for identification: EC justifies Bihar SIR

Rediff.com22 Jul 2025

The Election Commission of India defends its Special Intensive Revision of electoral rolls in Bihar, stating it enhances election purity by removing ineligible voters. The commission addresses concerns about Aadhaar usage, emphasizing its limited role in identity verification during the SIR-2025 exercise.

Why Gen Z Is Investing In US Stocks

Why Gen Z Is Investing In US Stocks

Rediff.com27 Jun 2025

They don't just want better returns -- they're looking for global opportunities, more variety and smarter ways to grow their money, says Soubho Moulik, CEO, Appreciate.

FTA talks may figure in Sitharaman's London meetings

FTA talks may figure in Sitharaman's London meetings

Rediff.com31 Mar 2025

Issues related to the proposed free trade agreement (FTA) and bilateral investment treaty between India and the UK are expected to figure during the three-day visit of Finance Minister Nirmala Sitharaman to London from April 8-10, official sources said. The minister will attend a host of meetings, including the India-United Kingdom Economic and Financial Dialogue, in London.

HCLTech Q1 net profit dips 9.7%; revenue rises 8.1%

HCLTech Q1 net profit dips 9.7%; revenue rises 8.1%

Rediff.com14 Jul 2025

HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26. HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing.

Is Telangana Headed For Bankruptcy?

Is Telangana Headed For Bankruptcy?

Rediff.com11 Jul 2025

Experts say the state's economy is grappling with hidden debt, rising welfare costs, and lack of transparency.

Why Foreign Financial Firms Quit India

Why Foreign Financial Firms Quit India

Rediff.com24 May 2024

There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.

Gaganyaan To Head To Space In Early 2027

Gaganyaan To Head To Space In Early 2027

Rediff.com25 Aug 2025

The Human-rated LVM3 vehicle, the Crew Escape System and the Crew Module and Service Module are all in final stages of testing and integration.

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Rediff.com20 Jun 2025

Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.

ADB lowers India's FY26 growth forecast to 6.5% on trade, tariff concerns

ADB lowers India's FY26 growth forecast to 6.5% on trade, tariff concerns

Rediff.com23 Jul 2025

The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5 per cent from 6.7 per cent on account of trade uncertainty and higher US tariffs that are expected to impact exports and investment. Despite the downward revision from the April 2025 Asian Development Outlook (ADO), India remains one of the fastest-growing major economies in the world.

SC wants insurance cover for 'braveheart' disabled defence cadets

SC wants insurance cover for 'braveheart' disabled defence cadets

Rediff.com18 Aug 2025

The Supreme Court has directed the Centre to explore providing insurance covers to defence cadets who suffer injuries or disabilities during training, emphasizing the need to support these 'braveheart cadets'.

Will ATMs Dispense Rs 100, 200 By September?

Will ATMs Dispense Rs 100, 200 By September?

Rediff.com18 Jun 2025

Filling of Rs 100 and Rs 200 notes result in faster depletion and more frequent cash replenishment. This will cost banks and managed service providers more.

'Markets Have Already Scaled A Wall Of Worry'

'Markets Have Already Scaled A Wall Of Worry'

Rediff.com7 Aug 2025

'From tariff tensions and border skirmishes to unrest in West Asia.' 'The worst may be behind us. But any further upmove will now have to come from earnings.'

Why Homebuyers Lose to Builders

Why Homebuyers Lose to Builders

Rediff.com18 Aug 2025

Many buyers skip or misread critical provisions in builder-buyer agreements.

IT Firms Caution Employees Amid AI Boom

IT Firms Caution Employees Amid AI Boom

Rediff.com2 Aug 2025

'People are taking effort to train and adapt to current skills.' 'If that is not there, they are not useful to us.' 'They have to adapt to new technology, and what is important is learnability.'

How US-based Jane Street siphoned Rs 36,000 cr from Indian markets

How US-based Jane Street siphoned Rs 36,000 cr from Indian markets

Rediff.com4 Jul 2025

The strategy was straightforward - aggressively buy select Bank Nifty index stocks in the morning and sell them just as forcefully later in the day, triggering a sharp drop in share prices.

Why A Chess Master Has Complained Against AICF

Why A Chess Master Has Complained Against AICF

Rediff.com15 Aug 2025

International Master Atanu Lahiri, a former joint secretary, AICF, in a complaint to the Registrar of Societies, Tamil Nadu has urged the initiation of a probe on alleged mismanagement or misuse of AICF funds and even dissolve the chess body if gross violation of its objectives and obligations were found.

Trump Is Winning Tariff War Hands Down

Trump Is Winning Tariff War Hands Down

Rediff.com18 Aug 2025

Donald Trump's tariffs, meant as political punishment, have avoided the predicted chaos, lifting US growth, weakening rivals, and letting him claim victory in a resilient global economy, observes T T Ram Mohan.

RMG Cos Stunned By Ban Bill

RMG Cos Stunned By Ban Bill

Rediff.com21 Aug 2025

What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.

Why Is The US So Fond Of Asim Munir?

Why Is The US So Fond Of Asim Munir?

Rediff.com12 Aug 2025

Sections in the US State Department and Pentagon have always felt more comfortable dealing with all powerful Pakistani generals instead of elected civilians, points out Rana Banerji, who headed the Pakistan desk at RA&W.

Railways plan to carry 45 pc of national cargo by 2030

Railways plan to carry 45 pc of national cargo by 2030

Rediff.com22 Jul 2025

Experts say Indian Railways must grow its share in the freight market to remain financially sustainable.

Muthoot, Manappuram Finance may shine amid rising gold prices: Analysts

Muthoot, Manappuram Finance may shine amid rising gold prices: Analysts

Rediff.com6 Mar 2025

A lower risk appetite among investors has driven gold, traditionally a safe-haven asset, to record highs so far this year. Fuelled by geopolitical tensions in West Asia, robust demand from central banks - particularly in Asia - and US President Donald Trump's tariff volleys, spot gold touched an all-time high of $2,956 per ounce on February 24 in the international markets.

A To Z of Filing Your Income Tax Return

A To Z of Filing Your Income Tax Return

Rediff.com21 Jul 2025

Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025

Grasim: Investors bet on paints, ignore weakness in core biz

Grasim: Investors bet on paints, ignore weakness in core biz

Rediff.com18 Jun 2025

The AV Birla group flagship Grasim Industries has been an outperformer on the bourses. The company's stock price is up 56.5 per cent in the last

Taxpayers Stuck In Bureaucratic Nightmare

Taxpayers Stuck In Bureaucratic Nightmare

Rediff.com24 Jul 2025

The tax department has created many circular traps -- flawed reporting formats, penalties for those who point out the flaws, and faceless assessors with no accountability. The result: Millions of taxpayers face needless harassment and procedural dead ends, highlights Harsh Roongta.

Summer jobs in financial services, software and more

Summer jobs in financial services, software and more

Rediff.com15 Apr 2011

We invited employers looking out for summer interns to post openings in their companies. Here we post the latest batch of summer jobs that are up for grabs across the country.

Guess how much salary Anant Ambani will draw as executive director of RIL

Guess how much salary Anant Ambani will draw as executive director of RIL

Rediff.com30 Jun 2025

Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed executive director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed executive director of Reliance Industries Ltd.

Accenture, TCS, Infosys, HCLTech top 2025 Brand Finance IT Services ranking

Accenture, TCS, Infosys, HCLTech top 2025 Brand Finance IT Services ranking

Rediff.com22 Jan 2025

India has secured the second position, contributing 36 per cent of the total brand value, a significant achievement fuelled by a 14 per cent increase in brand value, according to Brand Finance 2025 ranking. India follows the US, which maintains its dominant position in IT services brand value, holding 40 per cent of the total brand value.

Sensex jumps over 700 points, Nifty reclaims 25,000

Sensex jumps over 700 points, Nifty reclaims 25,000

Rediff.com6 Jun 2025

Maruti, IndusInd Bank, Bajaj Finserv, Eternal, Mahindra & Mahindra, Tata Steel, Kotak Mahindra Bank, Titan, HDFC Bank, and NTPC were among the other major gainers. Bharti Airtel and Sun Pharma were the laggards.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com18 May 2025

Stock markets will be mainly driven by quarterly earnings by corporates, foreign fund flows and global trends this week, analysts said.

Digipin: Mapping Addresses Digitally

Digipin: Mapping Addresses Digitally

Rediff.com16 Jun 2025

Digipin promises to revolutionise location-based services in India with safeguards.

Indian airlines suspend flights to Middle East amid tensions

Indian airlines suspend flights to Middle East amid tensions

Rediff.com24 Jun 2025

The operations of many global carriers, including Qatar Airways, have also been impacted due to the airspace curbs in the wake of the Middle East tensions.