News for 'india services sector'

How India's Digital Infrastructure Can Boost GDP By 2030

How India's Digital Infrastructure Can Boost GDP By 2030

Rediff.com27 Apr 2026

A NITI Aayog report indicates that India's digital public infrastructure (DPI) initiatives could contribute 4 per cent of the GDP by 2030, a significant increase from the current 1 per cent.

Airpay and MSCB Team Up to Expand Digital Payments in Maharashtra's Rural Co-operative Sector

Airpay and MSCB Team Up to Expand Digital Payments in Maharashtra's Rural Co-operative Sector

Rediff.com27 Mar 2026

Airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in Maharashtra, aiming to accelerate financial inclusion in rural areas.

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Rediff.com27 May 2026

Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.

Why AI Skills Are Crucial For Salary Hikes In India

Why AI Skills Are Crucial For Salary Hikes In India

Rediff.com26 Apr 2026

Employees with artificial intelligence skills are likely to see better salary increments in the coming years, especially in technology, GCCs, and BFSI sectors, according to TeamLease Edtech.

L&T reports 3% decline in profit; revenue up 11%

L&T reports 3% decline in profit; revenue up 11%

Rediff.com6 May 2026

Infrastructure major Larsen & Toubro (L&T) reported a 3 per cent year-on-year decline in consolidated net profit for Q4 FY26, reaching 5,325.60 crore, primarily due to exceptional gains in the previous year. Despite this, the company's consolidated order book surged by 28 per cent to 7.4 trillion, with international orders accounting for 52 per cent.

Services sector activities expand modestly in February: Survey

Services sector activities expand modestly in February: Survey

Rediff.com4 Mar 2022

Services sector activities in India picked up marginally in February on the back of better demand conditions and the retreat of the coronavirus pandemic but the rate of expansion was the second-slowest since last July and subdued by historical standards, according to a monthly survey. Reflecting a moderate rate of expansion, the seasonally adjusted IHS Markit India Services Business Activity Index rose to 51.8 in February from 51.5 in January. "The upturn was attributed by panellists to greater bookings, better demand conditions and the retreat of the pandemic. "That said, the latest increase was subdued by historical standards, with some companies indicating that growth was dampened by competitive pressures, COVID-19 and higher prices," the survey released on Friday said.

New GDP series to improve informal sector estimates

New GDP series to improve informal sector estimates

Rediff.com1 Jan 2026

India's new national accounts will leverage new data sources and surveys to enhance the measurement of the country's informal economy, and introduce double deflation methods across sectors, replacing the current system that relies on a single deflation mechanism in Gross Domestic Product (GDP) calculations.

West Asia Conflict to Impact Indian Cement Firms' Profitability from Q1FY27

West Asia Conflict to Impact Indian Cement Firms' Profitability from Q1FY27

Rediff.com27 May 2026

Indian cement manufacturers, despite a stable Q4FY26, are bracing for significant profitability pressures from Q1FY27 onwards due to escalating input costs, primarily driven by the West Asia conflict's impact on coal and petcoke prices.

Banks' gold loan portfolio surged 128% in Feb

Banks' gold loan portfolio surged 128% in Feb

Rediff.com31 Mar 2026

Loans against gold jewellery in India surged by an impressive 128 per cent year-on-year to nearly 4.28 trillion in February 2026, according to the latest Reserve Bank of India (RBI) data, significantly outpacing overall retail loan growth.

Territorial integrity to be part of BSF's new mandate: Amit Shah

Territorial integrity to be part of BSF's new mandate: Amit Shah

Rediff.com29 May 2026

Union Home Minister Amit Shah announced a new 'territorial security' paradigm to complement conventional border security, involving public participation and advanced technology. He also highlighted progress in securing vulnerable areas along the Pakistan border and plans to expand the BSF's operational mandate.

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 Customer Experience Is Key For Indian Banks

Why Customer Experience Is Key For Indian Banks

Rediff.com21 May 2026

An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.

World Bank Chief Advocates 'Small AI' For Farmers

World Bank Chief Advocates 'Small AI' For Farmers

Rediff.com22 May 2026

World Bank President Ajay Banga has advocated for the deployment of 'Small AI' locally deployed artificial intelligence running on inexpensive hardware to address daily problems faced by farmers and rural communities in emerging markets.

India's services sector attracts $3.47 billion

India's services sector attracts $3.47 billion

Rediff.com25 Sep 2009

India attracted $2.14 billion FDI in the services in the first four months of the current fiscal, the highest among all sectors.

How TCS Is Building The 'Infrastructure Of Intelligence'

How TCS Is Building The 'Infrastructure Of Intelligence'

Rediff.com16 May 2026

Tata Consultancy Services (TCS) is focusing on building AI infrastructure, including India's first AI-focused data centre, as AI becomes a core operating foundation for enterprises globally.

Government okays Rs 10,000 cr jet fuel fund for airlines

Government okays Rs 10,000 cr jet fuel fund for airlines

Rediff.com4 Jun 2026

The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the ministry of petroleum and natural gas. The OMCs, in turn, will use the fund to provide ATF price stabilisation support to Indian carriers operating domestic and international flights.

Poor Credit Score May Cost You Jobs

Poor Credit Score May Cost You Jobs

Rediff.com14 Apr 2026

Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.

The Bihar I Have Begun To Believe In

The Bihar I Have Begun To Believe In

Rediff.com3 Jun 2026

Bihar's greatest resource is not beneath its soil but above it -- its people. With a population approaching 140 million and one of India's youngest demographic profiles, Bihar possesses an asset many societies would envy, explains Bihar Governor Lieutenant General Syed Ata Hasnain (retd).

Why hospital stocks are thriving despite broader market dips

Why hospital stocks are thriving despite broader market dips

Rediff.com28 May 2026

Hospital stocks have emerged as a strong theme in 2026, outperforming benchmark indices due to robust earnings growth, improved occupancy, higher average revenue per occupied bed, and aggressive expansion plans by major chains.

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

Rediff.com5 Jun 2026

Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.

ICICI Bank Demands Rs 100 Crore from Fintechs for Alleged Merchant Misclassification

ICICI Bank Demands Rs 100 Crore from Fintechs for Alleged Merchant Misclassification

Rediff.com1 Jun 2026

ICICI Bank is seeking recoveries of at least 100 crore from fintech firms, alleging merchant misclassification of their business, a practice that has eroded the bank's interchange income. The dispute, lodged with global card network Visa, highlights growing discomfort among banks and intensified scrutiny from the Reserve Bank of India.

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Rediff.com18 May 2026

Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.

Services sector activities touch 5-month high in April

Services sector activities touch 5-month high in April

Rediff.com5 May 2022

Services sector activities improved further and touched a five-month high in April driven by a surge in incoming new work orders that boosted business activity and supported a renewed increase in employment, according to a survey. The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 57.9 in April, from 53.6 in March, highlighting a sharp rate of expansion that was the fastest since last November amid mounting price pressures. For the ninth straight month, the services sector witnessed an expansion in output.

SC calls for rational airfares, asks Centre to provide relief to flyers

SC calls for rational airfares, asks Centre to provide relief to flyers

Rediff.com15 May 2026

The Supreme Court has directed the Centre to rationalise airfares and provide relief to flyers, highlighting discrepancies in pricing for the same routes and airlines. The court is addressing a plea seeking a robust regulator to ensure transparency and passenger protection in the civil aviation sector.

Services sector activity loses steam in Dec

Services sector activity loses steam in Dec

Rediff.com6 Jan 2021

India's services sector activity expanded at a slower pace in December as rates of growth in sales eased to a three-month low and staff hiring came to a halt amid weak business optimism, a monthly survey said on Wednesday. The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in December. The index was above the critical 50 mark that separates growth from contraction for the third month in a row during December, but pointed to the slowest pace of expansion in the three-month sequence.

The Top 5 Engineering Careers In India

The Top 5 Engineering Careers In India

Rediff.com21 Apr 2026

Nayagam PP, career counsellor and founder of EduJobs360, explains how traditional engineering choices are being replaced with flexible, future-ready career paths that align with industry requirements.

Thailand Eyes Tourism Opportunities In Andaman And Nicobar Islands

Thailand Eyes Tourism Opportunities In Andaman And Nicobar Islands

Rediff.com20 May 2026

The Consul General of Thailand in Kolkata, Siriporn Tantipanyathep, met with the Lieutenant Governor of Andaman and Nicobar Islands to discuss tourism promotion and mutual cooperation in fisheries and other sectors.

Chandigarh, Delhi have highest share of services in GVA: NITI

Chandigarh, Delhi have highest share of services in GVA: NITI

Rediff.com4 Nov 2025

The share of services in gross value added (GVA) in 2023-24 was the highest in Chandigarh (88.8 per cent), followed by Delhi (84.1 per cent), said a NITI Aayog report released recently.

West Asia Tensions Begin Disrupting India's Auto Supply Chain, Margins

West Asia Tensions Begin Disrupting India's Auto Supply Chain, Margins

Rediff.com18 May 2026

Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.

Adani Group achieves record $16.1 billion capex, $10 billion EBITDA in FY26

Adani Group achieves record $16.1 billion capex, $10 billion EBITDA in FY26

Rediff.com2 Jun 2026

Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.

Defence Stocks Soar on Geopolitical Tensions, Indigenisation Push

Defence Stocks Soar on Geopolitical Tensions, Indigenisation Push

Rediff.com14 May 2026

Indian defence stocks have seen an average year-on-year gain of 67 per cent, driven by renewed interest following 'Operation Sindoor' and a broader increase in global geopolitical tensions, with the combined market capitalisation of 18 firms increasing by approximately 2.3 trillion.

Op Sindoor: 'Pakistan Was Completely Blind'

Op Sindoor: 'Pakistan Was Completely Blind'

Rediff.com5 Jun 2026

'We won not (only) because we were able to carry out long-range precision strikes.' 'That is, of course, one of the reasons but we had better situational awareness about what's happening than Pakistan.'

No lapses will be tolerated: Pradhan reviews CBSE evaluation system

No lapses will be tolerated: Pradhan reviews CBSE evaluation system

Rediff.com28 May 2026

Union Education Minister Dharmendra Pradhan has directed officials to address issues faced by students regarding the CBSE examination system, following allegations of irregularities. The government has committed to transparency and accountability, assuring that all genuine concerns will be addressed effectively.

Caste Census: 'Government Is Scared Of The Numbers

Caste Census: 'Government Is Scared Of The Numbers

Rediff.com9 Jun 2026

'Once the numbers come out, they fear that the OBCs would start to demand, and articulate what they are lacking, why they are lacking and what should be done to go forward.'

Bengaluru GAFX 2026 to Highlight AVGC-XR Sector

Bengaluru GAFX 2026 to Highlight AVGC-XR Sector

Rediff.com26 Feb 2026

The seventh edition of Bengaluru GAFX, a major AVGC-XR conference and exhibition, will be held from February 27, showcasing advancements in animation, visual effects, gaming, comics, and extended reality.

2 more chip packing units to come up by December: Vaishnaw

2 more chip packing units to come up by December: Vaishnaw

Rediff.com12 May 2026

Union Minister Ashwini Vaishnaw announced that two more semiconductor chip packaging units, part of the India Semiconductor Mission, are expected to be operational by July and December, respectively. He also highlighted India's focus on becoming a beneficiary of AI technology, expanding data centre infrastructure with significant investments, and developing new subsea cable networks for global connectivity.

Market Meltdown: Investors' Wealth Plunges by Rs 16.77 Lakh Crore in Four Sessions

Market Meltdown: Investors' Wealth Plunges by Rs 16.77 Lakh Crore in Four Sessions

Rediff.com12 May 2026

Indian investors have seen their wealth erode by a staggering Rs 16.77 lakh crore over four trading sessions, as the markets faced deep losses driven by elevated crude oil prices, geopolitical tensions, persistent foreign fund outflows, and a record-low rupee.

India, EU FTA: Duty cuts on textiles, footwear, cars, wines likely

India, EU FTA: Duty cuts on textiles, footwear, cars, wines likely

Rediff.com26 Jan 2026

Import duty cuts on labour-intensive sectors such as textiles and footwear, as well as cars, and wines, are likely to be part of the free trade agreement between India and the 27-nation bloc European Union (EU), the conclusion of which is set to be announced on January 27 here, sources said.

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Rediff.com20 May 2026

India's top 16 IT services companies distributed a record 1.3 trillion to shareholders in FY26 through dividends and share buybacks, a 36.3 per cent increase from FY25, even as the industry grappled with AI-driven business model threats and a significant decline in market capitalisation.

How Cold-Rolled Engineering Can Transform Mining

How Cold-Rolled Engineering Can Transform Mining

Rediff.com6 May 2026

Experts say cold-rolled formed engineering solutions are driving a sustainability shift in the mining sector as the process generates minimal scrap, which can reduce waste generation by up to 80 per cent compared to conventional methods.