News for 'financial technology'

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Rediff.com21 Jun 2025

Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.

NBFCs draw flak for lax loan appraisal practices

NBFCs draw flak for lax loan appraisal practices

Rediff.com11 Apr 2025

Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.

Airtel keen to tie up with Jio, VIL to fight fraud

Airtel keen to tie up with Jio, VIL to fight fraud

Rediff.com25 May 2025

Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams.

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Rediff.com27 May 2025

Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore. Speaking at an internal town hall, Krishnamurthy said the company's leadership structure is strengthening and that the steps toward relocating Flipkart's legal base to India are progressing as planned, according to people familiar with the matter.

82% Indians Eye Job Change In 12 Months

82% Indians Eye Job Change In 12 Months

Rediff.com12 May 2025

As many as 76 per cent of respondents said they will be willing to sacrifice existing benefits for better ones.

Satyajit Ray Had Warned Us About AI!

Satyajit Ray Had Warned Us About AI!

Rediff.com3 Jun 2025

Satyajit Ray anticipated the issues we are only now starting to raise, long before large language models, AI chatbots, predictive algorithms, and autonomous systems began to control every bit of our lifestyles, notes Atanu Biswas.

Cognizant looks to break into top four IT services companies by 2027

Cognizant looks to break into top four IT services companies by 2027

Rediff.com28 Mar 2025

Cognizant has said it aims to be back among India's top four IT services companies by 2027 by improving revenue, market share, bagging large deals, and gradual margin expansion. The Nasdaq-listed company does a major part of its business in India, but has trailed peers such as Tata Consultancy Services and Accenture over the last few years as growth tapered, margins squeezed, and attrition soared.

Golden Opportunity For Modi To Reverse Brain Drain

Golden Opportunity For Modi To Reverse Brain Drain

Rediff.com17 Apr 2025

President Trump with his MAWA has unwittingly provided us this opportunity. Will PM Modi grasp this and leave a legacy of an ushered in scientific and technological revolution in India, asks Colonel Anil A Athale (retd).

Number of UPI apps grows in 2024, yet top two command maximum market share

Number of UPI apps grows in 2024, yet top two command maximum market share

Rediff.com30 Dec 2024

In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) applications, a record since UPI's launch in 2016. This surge reflects growing interest from financial technology (fintech) companies, driven by the integration of credit products like UPI-linked credit cards and pre-approved credit lines.

India refuses to sign SCO document that skipped Pak terror

India refuses to sign SCO document that skipped Pak terror

Rediff.com26 Jun 2025

In his address, Singh said there should be "no double standards" in combating terrorism and urged the SCO member nations to condemn the menace with unity.

Bold Moves Must For Silver Screen To Sparkle Again

Bold Moves Must For Silver Screen To Sparkle Again

Rediff.com12 Jul 2025

More screens, more films, and longer windows will convert to more people watching, assuming they know a film is releasing, points out Vanita Kohli-Khandekar.

GCCs reach new heights in India with neo and mid-sized banks

GCCs reach new heights in India with neo and mid-sized banks

Rediff.com24 Mar 2025

Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.

FACE's ambitious goal: Uniting 75% fintech players

FACE's ambitious goal: Uniting 75% fintech players

Rediff.com27 Nov 2024

The Fintech Association for Consumer Empowerment (FACE), the only self-regulatory organisation for financial technology/fintech (SRO-FT) companies, is aiming to secure membership from at least 75 per cent of players across all key fintech categories within the next three years, according to a senior executive. The total number of members in the organisation has increased to 110, up from around 60 when it received approval from the Reserve Bank of India (RBI) to operate as an SRO-FT in August.

Trump's tariff measures will help Indian cos expand in US mkt

Trump's tariff measures will help Indian cos expand in US mkt

Rediff.com14 Apr 2025

Consumer durable companies in India have begun early-stage talks with US importers at a time when the tariffs levied on Indian products are lower than those on competitors such as China. While the discussions started some time ago, many believe that the Donald Trump administration's tariff measures will help Indian companies expand their presence in the US market.

'Operation Sindoor Was A Dream Operation'

'Operation Sindoor Was A Dream Operation'

Rediff.com23 May 2025

'The precision strikes were well planned and excellently executed. The world will be studying this operation.'

White collar hiring in March dips marginally by 1.4%

White collar hiring in March dips marginally by 1.4%

Rediff.com2 Apr 2025

Hiring trends in India's white-collar job market dipped marginally by 1.4 per cent in March compared to the same month last year, driven by a decline in recruitment in the retail, oil & gas, and education sectors, a report said on Wednesday.

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

Rediff.com9 Apr 2025

The government on Tuesday notified the Rs 22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.

K'taka HM may have gifted Rs 15-25 lakh to Ranya Rao, but...: Dy CM

K'taka HM may have gifted Rs 15-25 lakh to Ranya Rao, but...: Dy CM

Rediff.com22 May 2025

The Enforcement Directorate on Thursday continued its searches at places linked to Karnataka Home Minister G Parameshwara as part of the probe into alleged gold smuggling-linked money laundering case against Kannada actress Ranya Rao and others, official sources said.

'Small Cars Must Grow By 8-10% For...'

'Small Cars Must Grow By 8-10% For...'

Rediff.com11 Jun 2025

'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'

India's Medtech Industry To Develop High-end Equipment

India's Medtech Industry To Develop High-end Equipment

Rediff.com17 Apr 2025

According to the Department of Pharmaceuticals' annual report for 2024-25, India imported medical devices worth $8.1 billion, while exports stood at $3.7 billion in the financial year 2023-24 (FY24)

The Best Engineering Streams After Class 12

The Best Engineering Streams After Class 12

Rediff.com29 Apr 2025

Computer science has been an evergreen choice among engineering aspirants. However, with the rise in AI, students are increasingly realising the potential of automation and robotics.

RBI lens on 8 fintech companies in P2P lending space

RBI lens on 8 fintech companies in P2P lending space

Rediff.com28 Jan 2025

Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.

Most active equity funds beat benchmarks

Most active equity funds beat benchmarks

Rediff.com29 Apr 2025

Majority of equity fund managers were able to squeeze in some extra returns over their benchmarks in 2024-25 (FY25). While some managed to do so by delivering outsized returns during the equity market rally in the first half of the year (H1FY25), others succeeded by limiting the downside during the market downturn.

AI Challenges Loom Over 20Bn IT Contracts

AI Challenges Loom Over 20Bn IT Contracts

Rediff.com14 Apr 2025

Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.

The little-known BluSmart founder

The little-known BluSmart founder

Rediff.com1 May 2025

As the Jaggi brothers - Anmol Singh Jaggi and Puneet Singh Jaggi - find themselves at the heart of the financial mismanagement in the Gensol-BluSmart saga, attention on the third BluSmart co-founder, Punit K Goyal, has taken a notably different turn.

War Doesn't End After A Ceasefire

War Doesn't End After A Ceasefire

Rediff.com3 Jun 2025

Because the aftermath of what happened before continues long after. War breeds hostility and hatred and creates mistrust and greed. It extinguishes humanity and breaks the human spirit, argues Aarti David.

Trump's Tariff Tsunami: Will India Sink or Reform?

Trump's Tariff Tsunami: Will India Sink or Reform?

Rediff.com21 Apr 2025

The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.

RIL to pump Rs 1.5 trn into petro, new energy

RIL to pump Rs 1.5 trn into petro, new energy

Rediff.com28 Apr 2025

Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to invest Rs 75,000 crore ($9 billion) each into its new energy business and petrochemical expansion, according to a company presentation. In its FY25 result statement, Ambani said the company has laid a strong foundation for its projects in renewable energy and battery operations. "In the coming quarters, we will see the transition of this business from incubation to operationalisation.

We saw a very different China during Indo-Pak conflict: Tharoor

We saw a very different China during Indo-Pak conflict: Tharoor

Rediff.com6 Jun 2025

"China is an absolutely impossible factor to ignore in what has been our confrontation with Pakistan," Tharoor said.

Ceasefire, But Pakistan's Cyber War Continues

Ceasefire, But Pakistan's Cyber War Continues

Rediff.com26 May 2025

More than one million cybersecurity incidents were flagged within 10 days.

Long-pending electoral cases fuel distrust, says outgoing CEC

Long-pending electoral cases fuel distrust, says outgoing CEC

Rediff.com17 Feb 2025

Outgoing Chief Election Commissioner Rajiv Kumar has expressed concerns about long-pending cases questioning electoral processes, arguing they fuel distrust and should be scheduled with consideration for election periods. He also advocated for enhanced transparency in political promises, with clear disclosures on financial viability and impact on state finances. Kumar further stressed the need for a totaliser system to maintain polling station-wise voting confidentiality and urged the empowerment of NRIs to vote remotely. He highlighted the potential of biometric authentication and technology to address issues like impersonation and multiple voting.

What Are New RBI Governor's Challenges?

What Are New RBI Governor's Challenges?

Rediff.com10 Dec 2024

'Challenge is basically near-term growth as the outlook has turned a bit adverse.'

From IIT-Delhi To Sugar Land City Council

From IIT-Delhi To Sugar Land City Council

Rediff.com7 Jul 2025

'A large part of my effort will be solving issues for the whole of Sugar Land, all communities, all populations.'

The Magnificent 7: FPIs' Wild Ride In Selloff

The Magnificent 7: FPIs' Wild Ride In Selloff

Rediff.com20 Mar 2025

Since October, FPIs have offloaded Indian equities worth Rs 2.1 trillion.

Tech disrupting traditional industries, warn biz leaders

Tech disrupting traditional industries, warn biz leaders

Rediff.com13 Feb 2025

Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.

Stock exchanges ease technical glitch norms for brokers

Stock exchanges ease technical glitch norms for brokers

Rediff.com4 Apr 2025

The exchanges have also revised the instances which will be considered a technical glitch excluding instances where the broker is not at fault.

Why is India Inc not speaking about investment?: Sitharaman

Why is India Inc not speaking about investment?: Sitharaman

Rediff.com28 Feb 2025

'The answer is not for me to give. The answer either way has to be heard from the industry itself. Tell us why not if you are not doing it; tell us if you are doing it -- why should this question remain unanswered?'

Wife faints, 9-year-old son of Pahalgam victim lights pyre

Wife faints, 9-year-old son of Pahalgam victim lights pyre

Rediff.com24 Apr 2025

A nine-year-old boy from Odisha lit the funeral pyre of his father, who was killed in a terror attack in Pahalgam, Jammu and Kashmir. The boy, Tanuj Kumar Satpathy, was speechless and overwhelmed as he followed the ritual of throwing puffed rice while accompanying his father's body to the crematorium. The incident has shocked the state, and the Chief Minister has offered financial assistance and a job to the deceased's family.

IT stocks bleed: Nifty IT at 9-mth low

IT stocks bleed: Nifty IT at 9-mth low

Rediff.com13 Mar 2025

Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.

'Ready To Launch 5 products In 18 Months'

'Ready To Launch 5 products In 18 Months'

Rediff.com5 Jun 2025

'We recently launched Yesintek in the immunology space.'