News for 'francis-mascarenhas'

Sensex ends down 119 points on profit-taking in IT, auto shares

Sensex ends down 119 points on profit-taking in IT, auto shares

Rediff.com15 Sep 2025

Among Sensex firms, Mahindra & Mahindra, Asian Paints, Infosys, Titan, Sun Pharma, Tata Consultancy Services, Tech Mahindra and Power Grid were the major laggards. However, Bajaj Finance, Eternal, UltraTech Cement and Reliance Industries were among the gainers.

BCCI's cash soars by Rs 4,193 Cr in just one year

BCCI's cash soars by Rs 4,193 Cr in just one year

Rediff.com7 Sep 2025

The BCCI has strengthened its coffers by Rs 14,627 crore over the past five years, including Rs 4,193 crore in the last financial year alone, taking its cash and bank balance to Rs 20,686 crore, according to a report.

Women's WC: How India, SA made it to summit clash

Women's WC: How India, SA made it to summit clash

Rediff.com1 Nov 2025

The Harmanpreet Kaur-led India will be playing an ODI World Cup final for the third time, having finished runners-up in 2005 and 2017 to Australia and England, respectively. This will be South Africa's maiden appearance in the final.

TCS to hike salaries of about 80% employees, effective Sep 1

TCS to hike salaries of about 80% employees, effective Sep 1

Rediff.com6 Aug 2025

India's largest IT services company Tata Consultancy Services (TCS) on Wednesday informed employees that it will roll-out wage hikes for about 80 per cent of workforce, covering mid to junior levels.

FPI onboarding: Sebi hints at more respite

FPI onboarding: Sebi hints at more respite

Rediff.com16 Sep 2025

The Securities and Exchange Board of India (Sebi) has planned a slew of further relaxations to facilitate easier registrations of foreign portfolio investors (FPIs), including a common know-your-client (KYC) and smoother documentation through India digital signature.

SC cancels bail granted to Dheeraj Wadhawan in loan scam case, directs him to surrender in 2 weeks

SC cancels bail granted to Dheeraj Wadhawan in loan scam case, directs him to surrender in 2 weeks

Rediff.com5 Aug 2025

The Supreme Court on Tuesday cancelled bail granted to former DHFL promoter Dheeraj Wadhawan in the multi-crore bank loan scam case. A bench of Justices Sanjay Kumar and Satish Chandra Sharma passed the order after perusing the report filed by a medical board and directed Wadhawan to surrender within two weeks.

India's services sector growth hits 15-year high in Aug

India's services sector growth hits 15-year high in Aug

Rediff.com3 Sep 2025

The Indian services sector growth touched a 15-year high in August, driven by a sharp rise in new orders and output, amid substantial improvement in demand conditions, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was up from 60.5 in July to 62.9 in August, indicating the steepest rate of expansion since June 2010.

TCS likely to be hit hard by Trump's H-1B visa fee hike

TCS likely to be hit hard by Trump's H-1B visa fee hike

Rediff.com20 Sep 2025

According to the US Citizenship and Immigration Services (USCIS), Amazon had 10,044 workers using H-1B visas as of June, 2025. Coming in at the second spot was TCS with 5,505 H-1B visas approved.

Sensex climbs 371 points on GST reform bid

Sensex climbs 371 points on GST reform bid

Rediff.com19 Aug 2025

Among Sensex firms, Tata Motors rose the most by 3.5 per cent while Adani Ports gained 3.16 per cent. Reliance Industries rose by 2.82 per cent. Eternal, Tech Mahindra, Kotak Mahindra Bank, Hindustan Unilever and Maruti were also among the gainers. However, Bajaj Finserv, Power Grid, Mahindra & Mahindra and HCL Tech were among the laggards.

High tariffs, foreign fund outflows drag Sensex by 272 points

High tariffs, foreign fund outflows drag Sensex by 272 points

Rediff.com29 Aug 2025

Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows.

SEBI Stands Firm Against Jane Street

SEBI Stands Firm Against Jane Street

Rediff.com10 Sep 2025

'The investigation is at a very critical stage. We are not going to give every single document.'

As new GST rates kick in, groceries, medicines, cars get cheaper

As new GST rates kick in, groceries, medicines, cars get cheaper

Rediff.com22 Sep 2025

New lower GST rates kicked in from Monday, resulting in a slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets, a move seen as an attempt to boost consumption to cushion an economy facing tariff headwinds. Tax rates of 5, 12, 18, and 28 per cent have been clubbed into two rates of 5 per cent and 18 per cent, resulting in a reduced price of 99 per cent of daily use items.

Sensex rises 419 pts to close above 81K

Sensex rises 419 pts to close above 81K

Rediff.com4 Aug 2025

Among Sensex firms, Tata Steel, BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, UltraTech Cement and Larsen & Toubro were the major gainers. However, Power Grid, HDFC Bank, ICICI Bank, Hindustan Unilever were among the laggards.

'Gold, Silver Are Long-Term Insurance'

'Gold, Silver Are Long-Term Insurance'

Rediff.com2 Oct 2025

'The world is heading into a period of serious problems, and gold and silver are among the few ways to protect oneself.'

Jane Street deposits Rs 4,843 cr in escrow account; requests Sebi to lift curbs

Jane Street deposits Rs 4,843 cr in escrow account; requests Sebi to lift curbs

Rediff.com14 Jul 2025

US-based hedge fund Jane Street, which allegedly made handsome gains through market manipulation, has deposited the mandated Rs 4,843.57 crore in an escrow account in favour of Sebi and requested it to lift certain restrictions. The watchdog is examining the request, Sebi said in a statement on Monday.

SC upholds JSW Steel's takeover plan for Bhushan Power and Steel

SC upholds JSW Steel's takeover plan for Bhushan Power and Steel

Rediff.com26 Sep 2025

The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.

Sensex, Nifty end in red on concerns over US tariff

Sensex, Nifty end in red on concerns over US tariff

Rediff.com31 Jul 2025

Equity benchmark indices Sensex and Nifty ended lower on Thursday after US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1 and an unspecified penalty for buying Russian crude oil and military equipment.

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Rediff.com14 Aug 2025

The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. They have also been barred from holding any key position in a listed company.

HOLI HAI! India Celebrates Festival Of Colour

HOLI HAI! India Celebrates Festival Of Colour

Rediff.com14 Mar 2025

Holi, the festival of colours, was celebrated across India with traditional fanfare and gaiety.

Sensex rises 323 pts, Nifty rallies for 6th day

Sensex rises 323 pts, Nifty rallies for 6th day

Rediff.com10 Sep 2025

Among Sensex firms, Bharat Electronics rose the most by 4.26 per cent. HCL Tech gained 2.57 per cent, Bajaj Finance by 2.19 per cent, TCS by 1.99 per cent, Tech Mahindra by 1.88 per cent and Infosys by 1.85 per cent. Gains in Axis Bank and State Bank of India also supported the rally. However, Mahindra & Mahindra emerged as the biggest loser, falling by 2.47 per cent. Maruti dropped 1.53 per cent and Tata Motors by nearly 1 per cent due to profit-taking. UltraTech, Eternal and Power Grid were also among the laggards.

Sebi Cracks Down on Top Finfluencer

Sebi Cracks Down on Top Finfluencer

Rediff.com22 Aug 2025

'We have carried out a big search operation on a big name in this industry.'

Why Ola Electric is likely to gain market share

Why Ola Electric is likely to gain market share

Rediff.com15 Jul 2025

Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26.

Can India find new sponsor ahead of Asia Cup?

Can India find new sponsor ahead of Asia Cup?

Rediff.com25 Aug 2025

'It is a process that takes a certain amount of time and needs to be done keeping legal modalities in mind.'

Power consumption vs GDP: Some apparent paradoxes

Power consumption vs GDP: Some apparent paradoxes

Rediff.com15 Sep 2025

There are some apparent paradoxes visible in the data from the first quarter of 2025-26 (Q1FY26). The gross domestic product (GDP) delivered a positive surprise with 7.8 per cent year-on-year (Y-o-Y) growth.

More than 300 hurt during Dahi Handi festivities in Mumbai

More than 300 hurt during Dahi Handi festivities in Mumbai

Rediff.com17 Aug 2025

Two people died and over 300 were injured during the 'Dahi Handi' festival in Mumbai and Thane. The festival involves forming human pyramids to break pots of curd suspended in the air.

Sebi mulls single window gateway for low risk foreign investors

Sebi mulls single window gateway for low risk foreign investors

Rediff.com11 Aug 2025

Markets regulator Sebi has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination.

Banks to clear cheques within few hours from Oct 4: RBI

Banks to clear cheques within few hours from Oct 4: RBI

Rediff.com13 Aug 2025

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours.

A Rakhi For Gurudev

A Rakhi For Gurudev

Rediff.com9 Aug 2025

Glimpses from India and around the world that will make you smile and cry.

'Tariffs To Have Adverse Impact On Near-Term Growth'

'Tariffs To Have Adverse Impact On Near-Term Growth'

Rediff.com29 Aug 2025

'The statistical confidence bands of the fan charts of the forecasts will provide a better sense of the potential variability of outcomes.'

RBI's mpc minutes: Status quo in August hinged on tariffs, rate-cut outcome

RBI's mpc minutes: Status quo in August hinged on tariffs, rate-cut outcome

Rediff.com21 Aug 2025

Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.

'US Is An Important Market For Us'

'US Is An Important Market For Us'

Rediff.com5 Sep 2025

Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.

ICICI Bank to raise stake in asset management arm by up to 2%

ICICI Bank to raise stake in asset management arm by up to 2%

Rediff.com27 Jun 2025

Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. The board of the bank on Friday approved purchase of up to 2 per cent additional shareholding in the ICICI Prudential Asset Management Company, ICICI Bank said in a regulatory filing.

NDRF deploys cadaver dogs in Uttarkashi rescue ops

NDRF deploys cadaver dogs in Uttarkashi rescue ops

Rediff.com7 Aug 2025

NDRF deploys cadaver dogs and rescue teams to flood-ravaged Dharali village in Uttarkashi, Uttarakhand, to search for survivors. ITBP evacuates pilgrims from Gangotri.

Hardik's gamble on Will Jacks pays off in style!

Hardik's gamble on Will Jacks pays off in style!

Rediff.com18 Apr 2025

Will Jacks rewarded Mumbai Indians for the faith they showed in him despite a lean spell with bat and ball by helping them to a four-wicket win over struggling Sunrisers Hyderabad

Amazing growth story of the Jindal group

Amazing growth story of the Jindal group

Rediff.com24 Sep 2025

You have to grow, and grow fast - that's the DNA of the JSW group, chairman Sajjan Jindal said as JSW Cement made its debut on the stock market mid-August. The remark captured not just the moment but also the momentum of JSW's growth story.

A Hopeful Mother Waits In Uttarakhand

A Hopeful Mother Waits In Uttarakhand

Rediff.com7 Aug 2025

Glimpses from India and around the world that will make you smile and cry.

Sebi opens sandbox to fractional share pitch

Sebi opens sandbox to fractional share pitch

Rediff.com30 Jul 2025

The Securities and Exchange Board of India (Sebi) has approved a proposal from a startup to test fractional shares in its innovation sandbox, marking a potential shift in the Indian equity landscape. This represents a change in stance from 2021, when Sebi rejected a similar proposal in the regulatory sandbox, primarily due to concerns over the custody of fractional shares.

Markets fall on selling in IT shares, foreign fund outflows

Markets fall on selling in IT shares, foreign fund outflows

Rediff.com14 Jul 2025

Benchmark stock indices Sensex and Nifty declined on Monday, extending the losing run to the fourth day amid selling in IT shares and foreign fund outflows. The 30-share BSE Sensex dropped by 247.01 points or 0.30 per cent to settle at 82,253.46. During the day, it fell 490.09 points or 0.59 per cent to 82,010.38 but recovered some of the losses towards the close.

When gold slips from crown to a likely millstone for Titan Company

When gold slips from crown to a likely millstone for Titan Company

Rediff.com18 Aug 2025

The country's largest listed gold jewellery maker, Titan Company, maintained its growth pace in the April-June quarter of 2025-26 (FY26).

Consumer goods companies bank on festivals for urban demand revival

Consumer goods companies bank on festivals for urban demand revival

Rediff.com2 Aug 2025

Fast-moving consumer goods (FMCG) companies, retail firms, and producers of consumer durables are witnessing stable urban demand. However, people in the trade are waiting for clearer signs of revival closer to the festival season, starting in September.