News for 'financial year'

Key Associate Of Sukesh Chandrasekhar Arrested After Deportation

Key Associate Of Sukesh Chandrasekhar Arrested After Deportation

Rediff.com5 May 2026

Delhi Police Economic Offences Wing (EOW) arrested a key associate of Sukesh Chandrasekhar, Navas Kakkat Ismail, after he was deported from Dubai. He is accused of being a crucial financial conduit and hawala operator, helping Chandrasekhar route proceeds of crime.

Indian Banks Discuss AI Security Risks After Global Concerns

Indian Banks Discuss AI Security Risks After Global Concerns

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss the risks associated with Artificial Intelligence (AI) following global concerns about Anthropic's Mythos model and its potential threat to financial systems' data security.

UPI Transactions Surge To 22.35 Billion In April

UPI Transactions Surge To 22.35 Billion In April

Rediff.com4 May 2026

UPI transactions reached 22.35 billion in April, marking a 25 per cent increase compared to April 2025. UPI now accounts for 85 per cent of all digital transactions in India and is live in eight countries.

ED Moves To Take Custody Of Godman Ashok Kharat

ED Moves To Take Custody Of Godman Ashok Kharat

Rediff.com1 May 2026

The Enforcement Directorate (ED) has requested a special PMLA court in Mumbai to issue a production warrant against Ashok Kharat, a self-styled godman-cum-astrologer, who is accused of rape and fraud and is currently in police custody in Nashik district, in connection with a money laundering case.

Former Mohun Bagan President Swapan Sadhan Bose Dies At 79

Former Mohun Bagan President Swapan Sadhan Bose Dies At 79

Rediff.com13 May 2026

Former Mohun Bagan President Swapan Sadhan Bose, known as 'Tutu Babu', has died at the age of 79 after suffering a cardiac arrest. He played a significant role in shaping Mohun Bagan, serving in various capacities for over three decades and overseeing transformative decisions.

Julian Metherell Appointed As MCC President

Julian Metherell Appointed As MCC President

Rediff.com7 May 2026

Julian Metherell, Chairman of The Hundred franchise London Spirit, will succeed Ed Smith as the President of Marylebone Cricket Club (MCC) from October. Metherell, a long-time MCC member, was nominated by Smith and will serve a three-year term. The MCC, founded in 1787, owns Lord's Cricket Ground and governs the laws of cricket.

Actress And Family Accused Of Cheating Software Engineer

Actress And Family Accused Of Cheating Software Engineer

Rediff.com27 Apr 2026

An actress and her family have been booked for allegedly cheating a London-based software engineer of Rs 9.35 crore under the pretext of marriage. The complaint was filed by the engineer's father, alleging that his son was duped over several years.

'In India Politics Has Taken Over Business'

'In India Politics Has Taken Over Business'

Rediff.com20 May 2026

'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'

Next Gen ATP champ Learner Tien sees tennis as springboard for future success

Next Gen ATP champ Learner Tien sees tennis as springboard for future success

Rediff.com25 Apr 2026

American tennis player Learner Tien discusses the importance of financial awareness and planning for life after tennis, highlighting a growing trend among athletes to broaden their horizons beyond their primary careers.

How Paytm's Separation From PPBL Secured Its Future

How Paytm's Separation From PPBL Secured Its Future

Rediff.com29 Apr 2026

Following regulatory action against Paytm Payments Bank Ltd (PPBL), Paytm strategically separated its core operations, a move praised by analysts for preserving business continuity and governance. This separation has enabled Paytm to sustain growth and improve profitability.

Palghar Man Gets Life for 'Heinous' Sexual Assault on 6-Year-Old

Palghar Man Gets Life for 'Heinous' Sexual Assault on 6-Year-Old

Rediff.com19 Mar 2026

A special POCSO court in Thane sentenced a man to life imprisonment for the sexual assault of a six-year-old girl in Palghar district, Maharashtra, in 2018, deeming the crime 'heinous'.

Palghar Rape Case Sparks Outrage; Official Assures Support

Palghar Rape Case Sparks Outrage; Official Assures Support

Rediff.com6 May 2026

A 13-year-old rape survivor in Palghar district was visited by an official, sparking outrage and calls for stricter laws and swift justice in the case.

Amul achieves Rs 1 trillion turnover, driven by domestic and global expansion

Amul achieves Rs 1 trillion turnover, driven by domestic and global expansion

Rediff.com6 Apr 2026

Amul, India's leading dairy brand, has achieved a historic turnover of Rs 1 trillion in FY26, marking an 11 per cent growth. This milestone is attributed to aggressive domestic distribution, product diversification, and strategic international expansion into markets like Europe, the US, Africa, and Southeast Asia.

Sri Lanka government takes over Cricket Board after resignations

Sri Lanka government takes over Cricket Board after resignations

Rediff.com29 Apr 2026

The Sri Lankan government has taken over the administration of the country's cricket board following the resignation of its president and executive committee amid allegations of financial irregularities and poor team performance.

Banks On Alert As AI Model Threatens Data Security

Banks On Alert As AI Model Threatens Data Security

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.

India Boosts Disaster Relief: Centre Approves 1,912 Crore Aid

India Boosts Disaster Relief: Centre Approves 1,912 Crore Aid

Rediff.com13 Mar 2026

The central government has approved additional financial assistance of 1,912.99 crore to five states and the Union Territory of Jammu and Kashmir, which were affected by various natural disasters in 2025.

Wipro Q4 profit falls 1.8% to Rs 3,502 crore

Wipro Q4 profit falls 1.8% to Rs 3,502 crore

Rediff.com16 Apr 2026

IT major Wipro reported a consolidated net profit of Rs 3,501.8 crore for March quarter FY26, a 1.89 per cent decrease from the previous year, amidst a challenging macroeconomic environment. The company also announced a mega Rs 15,000 crore share repurchase programme.

Why It Is Time To Double Your SIPs

Why It Is Time To Double Your SIPs

Rediff.com22 May 2026

'You set up your SIPs and you do not touch them. Not during COVID, not during a war scare, not when your neighbour tells you the market is finished. You let the noise pass over you.' 'The beauty of this approach is that it does not require courage or conviction in the moment. It just requires inertia -- keep the SIP running and do not look at your portfolio too often.'

Government Penalises Companies for CSR Violations

Government Penalises Companies for CSR Violations

Rediff.com17 Mar 2026

The Indian government has imposed penalties totalling nearly 20 crore on various companies for non-compliance with Corporate Social Responsibility (CSR) norms over the past three financial years, as revealed in the Rajya Sabha.

Stock Market Today March 30, 2026: Sensex tanks 1,636 points, Nifty50 Fall To 22,331

Stock Market Today March 30, 2026: Sensex tanks 1,636 points, Nifty50 Fall To 22,331

Rediff.com30 Mar 2026

Indian equities on Dalal Street saw volatility as global market trends and fresh tariff concerns linked to Donald Trump impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for March 30, 2026.

Actor-politician Vijay discloses 603 crore in assets ahead of Tamil Nadu polls

Actor-politician Vijay discloses 603 crore in assets ahead of Tamil Nadu polls

Rediff.com31 Mar 2026

TVK chief Vijay declared assets worth 603.20 crore in his election affidavit, including luxury cars and significant bank deposits, ahead of the Tamil Nadu Assembly polls.

NCB Secures Detention of Drug Kingpin Sandeep Singh for One Year

NCB Secures Detention of Drug Kingpin Sandeep Singh for One Year

Rediff.com24 Mar 2026

The Narcotics Control Bureau (NCB) has detained Sandeep Singh, a major drug trafficker, for a year under the PITNDPS Act, following a history of drug-related criminal activities and cross-border operations.

Woman Kills Ex-Boyfriend's Wife In Maharashtra

Woman Kills Ex-Boyfriend's Wife In Maharashtra

Rediff.com24 Apr 2026

A 43-year-old woman has been arrested for allegedly murdering her former boyfriend's wife in Chhatrapati Sambhaji Nagar, Maharashtra. The incident occurred at the victim's home, where the accused stabbed her with a knife. Police are investigating the motive behind the crime.

Sun Pharma's Organon deal: Strategic entry into new segments, but integration challenges loom

Sun Pharma's Organon deal: Strategic entry into new segments, but integration challenges loom

Rediff.com5 May 2026

Sun Pharmaceutical Industries' acquisition of US-based Organon & Co. for $11.75 billion, the largest overseas acquisition by an Indian pharma company, has been met with mixed reactions from brokerages, who see strategic entry into women's health and biosimilars but also flag potential integration challenges and debt concerns.

Banks On Alert Over AI Security Risks

Banks On Alert Over AI Security Risks

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model and its potential threat to financial systems' data security.

Election over, petrol, diesel prices hiked by Rs 3/litre

Election over, petrol, diesel prices hiked by Rs 3/litre

Rediff.com15 May 2026

Petrol and diesel prices in India have been increased by Rs 3 per litre each, marking the first rate hike in over four years. This decision follows a period of stable prices during recent state elections, despite rising global crude oil prices and significant losses for fuel retailers.

West Asia Conflict Deepens India's Economic Challenges

West Asia Conflict Deepens India's Economic Challenges

Rediff.com30 Apr 2026

Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.

DMart valuation cart full: Little room for upside

DMart valuation cart full: Little room for upside

Rediff.com5 May 2026

Shares of Avenue Supermarts, operator of DMart, fell 5.2 per cent after reporting mixed Q4 FY26 results, with brokerages offering divergent 'sell', 'buy', and 'hold' ratings based on factors like valuation, competitive intensity, and store expansion strategies.

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

Rediff.com11 May 2026

A software engineer earning a high salary allegedly abandoned his career to run a fake online trading racket, duping investors of nearly Rs 100 crore.

India expects FY27 fertiliser subsidy bill to rise 20%, retail prices to be same

India expects FY27 fertiliser subsidy bill to rise 20%, retail prices to be same

Rediff.com28 Apr 2026

India's fertiliser subsidy bill for the current financial year (FY27) is projected to increase by approximately 20% due to surging global prices, primarily driven by the West Asia crisis, a senior official confirmed. Despite this, retail prices for urea and di-ammonium phosphate (DAP) will remain unchanged, ensuring adequate supply for the kharif season.

Twisha Sharma's Family Seeks Justice, End To 'Character Trial'

Twisha Sharma's Family Seeks Justice, End To 'Character Trial'

Rediff.com19 May 2026

The family of Twisha Sharma, who was found dead in her marital home in Bhopal, has issued a public appeal for a transparent investigation into her death and an end to what they call a 'posthumous character trial'. They allege attempts to divert attention from the investigation by targeting her reputation.

Adani Group agrees to pay $275 mn in US sanctions settlement

Adani Group agrees to pay $275 mn in US sanctions settlement

Rediff.com19 May 2026

Adani Group has agreed to pay USD 275 million to settle allegations of violating US sanctions on Iran. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acknowledged the Indian conglomerate's extensive cooperation and proactive disclosures during the investigation.

What Is The Thucydides Trap That Xi Warned Trump About?

What Is The Thucydides Trap That Xi Warned Trump About?

Rediff.com14 May 2026

An explainer on the 'Thucydides Trap' and its relevance to current tensions between the United States and China, as discussed by President Xi Jinping.

Professor Gets Bail In Student Suicide Case: Here's Why

Professor Gets Bail In Student Suicide Case: Here's Why

Rediff.com8 May 2026

A special court has granted anticipatory bail to a medical professor in connection with the suicide of a dental student, citing a lack of evidence linking the professor to the student's death.

Satheesan-led Kerala govt sworn in, announces key welfare measures

Satheesan-led Kerala govt sworn in, announces key welfare measures

Rediff.com18 May 2026

V D Satheesan was sworn in as Kerala's Chief Minister, with Governor Rajendra Vishwanath Arlekar administering the oath of office. The swearing-in ceremony was attended by prominent political figures, including Congress leaders and Chief Ministers of Congress-ruled states.

Court Orders Rape Accused To Pay Monthly Support

Court Orders Rape Accused To Pay Monthly Support

Rediff.com24 Apr 2026

The High Court of Karnataka has directed a petitioner accused of repeated rape on false promise of marriage to pay Rs 75,000 monthly towards the sustenance of the victim and their 10-month-old child, while granting an interim stay on further criminal proceedings against him.

Sebi's softer touch cuts IPO rejections to just 2 in FY26

Sebi's softer touch cuts IPO rejections to just 2 in FY26

Rediff.com21 Apr 2026

The Securities and Exchange Board of India (Sebi) has significantly reduced the number of draft offer documents returned or rejected, dropping from 17 in FY25 to just two in FY26, thanks to a more facilitative and engagement-first regulatory approach.

Pune Recovery Agents Arrested For Public Assault Over Credit Card Dues

Pune Recovery Agents Arrested For Public Assault Over Credit Card Dues

Rediff.com28 Apr 2026

Pune Police have arrested three recovery agents of a private financial institution for allegedly beating up a man in full public view over his credit card dues.

Coolcations Drive Summer Travel Surge

Coolcations Drive Summer Travel Surge

Rediff.com13 May 2026

As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.

'We are targeting a combined ratio of around 107% in FY27,': SBI General CEO

'We are targeting a combined ratio of around 107% in FY27,': SBI General CEO

Rediff.com4 May 2026

SBI General Insurance aims to achieve a 10 per cent market share among private and standalone health insurers within approximately five years, up from its current 7.17 per cent, said Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance.