News for 'it firm closure'

Strait of Hormuz closure: How it will impact India

Strait of Hormuz closure: How it will impact India

Rediff.com22 Jun 2025

US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.

Labour Codes: Trade Unions Raise Red Flags Over Layoffs

Labour Codes: Trade Unions Raise Red Flags Over Layoffs

Rediff.com2 Dec 2025

'Raising the retrenchment, layoff and closure threshold to 300 workers for prior government permission enables hire-and-fire in more than 90 per cent of the Indian workplaces. More than 12,00,000 disputes are now pending for adjudication with an average disposal period ranging from 3 to five years for more than 75 per cent of the disputes.'

India, EU free trade deal to likely conclude on Jan 27

India, EU free trade deal to likely conclude on Jan 27

Rediff.com25 Jan 2026

India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said.

HC quashes closure order against Rohit Pawar's firm

HC quashes closure order against Rohit Pawar's firm

Rediff.com19 Oct 2023

A division bench led by Justice Nitin Jamdar said the MPCB order was set aside for being 'disproportionate' and noted the order was passed in a 'hasty manner'.

TN govt revokes license for Coldrif cough syrup; shuts down firm

TN govt revokes license for Coldrif cough syrup; shuts down firm

Rediff.com13 Oct 2025

The Enforcement Directorate (ED) raided premises linked to Sresan Pharmaceuticals, the manufacturer of Coldrif cough syrup linked to the deaths of children in Madhya Pradesh and Rajasthan, and top officials of the Tamil Nadu FDA as part of a money laundering investigation.

Coldrif syrup maker used industrial-grade materials: ED

Coldrif syrup maker used industrial-grade materials: ED

Rediff.com3 Dec 2025

An Enforcement Directorate (ED) probe has revealed that the manufacturer of Coldrif syrup, linked to the deaths of at least 20 children in Madhya Pradesh, used industrial-grade raw materials without quality checks. The investigation also found that Tamil Nadu Drugs Control Department officials were in frequent contact with the company but failed to conduct mandated inspections.

Blow to climate action, US exits 66 global cooperation bodies

Blow to climate action, US exits 66 global cooperation bodies

Rediff.com8 Jan 2026

President Donald Trump has withdrawn the United States from over 60 international organisations, including United Nations bodies and the India-France-led International Solar Alliance, calling the institutions 'redundant' and 'contrary' to America's interests.

FY26 may be another slow year for IT firms

FY26 may be another slow year for IT firms

Rediff.com1 Aug 2025

The information technology (IT) services industry may be headed for another year of sluggish growth. Based on the results of the top five IT services companies for the first quarter of 2025-26 (Q1FY26), analysts say the possibility of hitting high single-digit revenue growth in FY26 looks unlikely.

Dies Irae Review: CHILLING!

Dies Irae Review: CHILLING!

Rediff.com8 Dec 2025

The bed starts to creak. Anklets jingle in the stillness of the night. A creeping anxiety settles in as strange accidents and eerie incidents force you to question whether a supernatural presence is quietly observing your every move, observes Divya Nair.

Probe finds U'khand cadet missing off Sri Lanka last seen near lifeboat

Probe finds U'khand cadet missing off Sri Lanka last seen near lifeboat

Rediff.com21 Oct 2025

An investigation into the disappearance of a merchant navy cadet off the Sri Lankan coast reveals his last known location and details of the search efforts.

London's Heathrow airport closure disrupts flight ops

London's Heathrow airport closure disrupts flight ops

Rediff.com22 Mar 2025

Following a significant power outage, operations at the London Heathrow (LHR) have been suspended till 2359 hours (local time) on March 21 (05.30 am March 22, IST).

The Retirements That Shook Indian Cricket in 2025

The Retirements That Shook Indian Cricket in 2025

Rediff.com31 Dec 2025

2025 will go down as one of the most unsettling chapters in Indian cricket -- not merely because of who retired, but because of how and when it happened.

Cough syrup deaths: Pharma co to face criminal action

Cough syrup deaths: Pharma co to face criminal action

Rediff.com8 Oct 2025

Tamil Nadu Government will take criminal action against a drug manufacturer, whose cough syrup has been banned in the wake of children's deaths in Madhya Pradesh, state minister Ma Subramanian said here on Wednesday.

US LPG pact may shield India from geopolitical shocks

US LPG pact may shield India from geopolitical shocks

Rediff.com26 Nov 2025

India's decision to import LPG from the US helps it to diversify sources as it reduces almost full reliance on West Asian countries for supply of the country's primary cooking fuel.

Mid-tier IT firms outpaced larger peers' growth in FY25

Mid-tier IT firms outpaced larger peers' growth in FY25

Rediff.com22 May 2025

Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.

55 Million E-Challans Issued Till June, But...

55 Million E-Challans Issued Till June, But...

Rediff.com1 Sep 2025

Challans worth Rs 10,298 crore were issued, but collections have been a weak 20 per cent.

Trump's 50% tariffs on India kick in; to hit exports

Trump's 50% tariffs on India kick in; to hit exports

Rediff.com27 Aug 2025

On August 7, the US president announced doubling tariffs on Indian goods to 50 percent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement.

50% tariff to severely hit exports of shrimp, apparel, diamonds and footwear

50% tariff to severely hit exports of shrimp, apparel, diamonds and footwear

Rediff.com27 Aug 2025

The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Exporters said that the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.

Stand by Adani report, closure not due to threats, says Hindenburg founder

Stand by Adani report, closure not due to threats, says Hindenburg founder

Rediff.com4 Feb 2025

Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat -- legal or otherwise -- and that he stands by all its reports.

Why Is SEBI Probing A Trading Giant?

Why Is SEBI Probing A Trading Giant?

Rediff.com21 Jun 2025

Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.

Iran-Israel war: India ramps up oil imports from Russia, US in June

Iran-Israel war: India ramps up oil imports from Russia, US in June

Rediff.com22 Jun 2025

Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.

Pak Airspace Shut: Indian Carriers Redraw Flight Paths

Pak Airspace Shut: Indian Carriers Redraw Flight Paths

Rediff.com25 Apr 2025

Executives from India's leading airlines are conducting internal meetings to devise alternative routes for their international flights that currently pass through Pakistani airspace.

How Iran-Israel conflict affects India's overseas trade

How Iran-Israel conflict affects India's overseas trade

Rediff.com20 Jun 2025

The commerce ministry on Friday held consultations with key stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India's overseas trade, an official said. The meeting was chaired by Commerce Secretary Sunil Barthwal.

Zepto CEO Aadit Palicha accuses rival company's CFO of smear campaign

Zepto CEO Aadit Palicha accuses rival company's CFO of smear campaign

Rediff.com26 May 2025

Zepto co-founder and CEO Aadit Palicha has accused the chief financial officer of a competing company of orchestrating a smear campaign against his quick commerce platform. In a LinkedIn post on late Sunday, Palicha, not taking names, alleged that the CFO of one of Zepto's competitor firms has been reaching out to Zepto's investors with unsubstantiated claims, distributing false financial data to journalists, and employing bots to spread negative narratives about Zepto on social media.

Cab Wars Heat Up at Airports Post BluSmart Exit

Cab Wars Heat Up at Airports Post BluSmart Exit

Rediff.com19 Jun 2025

Uber recorded approximately 200 per cent year-on-year growth in its pre-scheduled ride option, Uber Reserve.

Punjab border districts on high alert, villagers move to safer areas

Punjab border districts on high alert, villagers move to safer areas

Rediff.com8 May 2025

People in some border villages of Ferozepur district in Punjab began moving to safer areas amid soaring tensions between India and Pakistan.

163 Brazilian workers rescued from 'slavery' at Chinese EV firm

163 Brazilian workers rescued from 'slavery' at Chinese EV firm

Rediff.com24 Dec 2024

Brazilian authorities have rescued 163 workers from conditions similar to 'slavery' at a construction site for a factory of Chinese electric vehicle company Build Your Dreams (BYD) in Camacari, Bahia.

Angry parents throng closed FIITJEE centres

Angry parents throng closed FIITJEE centres

Rediff.com26 Jan 2025

Parents of students were incensed over the abrupt closure of FIITJEE centres in Noida and Ghaziabad, demanding government intervention and refunds. FIITJEE founder D K Goyal and 11 others were booked after several of its centres in Delhi-NCR shut down abruptly, the Noida Police said. Parents reported paying lakhs of rupees in fees and expressed concerns about the future of their children's education. The police launched a probe in Delhi after allegations of fraudulent practices and mismanagement at the FIITJEE's East Delhi centre.

Discrepancies in CBI closure report in Jain's case: Vigilance

Discrepancies in CBI closure report in Jain's case: Vigilance

Rediff.com2 Jan 2023

The assistant director of the vigilance department had filed a written request before a special court, seeking two months' time to study the 'lacunae and discrepancies' in the CBI's closure report in the case to file an appropriate protest petition before it.

ED grills Vadra for 5 hrs in land case; more quizzing on Wednesday

ED grills Vadra for 5 hrs in land case; more quizzing on Wednesday

Rediff.com15 Apr 2025

Vadra has been questioned multiple times by the federal probe agency in a different money laundering case.

IL&FS dispenses Rs 45,281 cr debt to lenders

IL&FS dispenses Rs 45,281 cr debt to lenders

Rediff.com7 Apr 2025

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.

CBI shuts case against firm founded by former Mumbai top cop

CBI shuts case against firm founded by former Mumbai top cop

Rediff.com29 Aug 2023

In its closure report submitted before a special CBI court New Delhi, the agency is understood to have said it did not find enough evidence to prosecute the accused.

Growth jitters take a 'byte' out of TCS

Growth jitters take a 'byte' out of TCS

Rediff.com27 Feb 2025

Shares of Tata Consultancy Services (TCS), the country's largest IT services provider, continue to remain under pressure, hitting a new eight-month low of Rs 3,624.90 intraday on Tuesday before closing at Rs 3,631, down 1.19 per cent. In the past two trading sessions, the stock price has declined 4 per cent on fears of a slowing US economy.

'Caught My GF Drinking and Dancing. Should I...'

'Caught My GF Drinking and Dancing. Should I...'

Rediff.com28 Feb 2025

Before making any decision, have an open discussion about trust and how to rebuild it in your relationship, says rediffGURU Ravi Mittal, while counselling a young man suspecting his partner of cheating on him.

2,148 Edtech Start-Ups Have Shut Down

2,148 Edtech Start-Ups Have Shut Down

Rediff.com15 Jan 2025

'Many were caught in a burnout race, chasing unsustainable growth without innovating.'

HC upholds closure of Sterlite Copper in Tuticorin

HC upholds closure of Sterlite Copper in Tuticorin

Rediff.com19 Aug 2020

The Madras high court on Tuesday rejected a plea from mining giant Vedanta to order reopening of its Sterlite copper unit at Tuticorin in Tamil Nadu.

When SC stayed trial court summons for Manmohan in coal block case

When SC stayed trial court summons for Manmohan in coal block case

Rediff.com27 Dec 2024

Former Indian Prime Minister Manmohan Singh was summoned as an accused in a coal block allocation case, but the Supreme Court intervened and stayed the directive. Singh, a renowned economist and politician, questioned the absence of mandated sanction for prosecuting public officials and denied any wrongdoing in the coal block allocation. The Supreme Court's decision highlights the complexities of government functions and criminal prosecution in cases involving public officials.

6 Smart Ways To Negotiate For A Higher Salary

6 Smart Ways To Negotiate For A Higher Salary

Rediff.com27 Feb 2025

If you're doing the work, if you're delivering results and contributing to the success of your team or organisation, you deserve to be compensated equitably, says Sonica Aron, founder of HR consultancy firm Marching Sheep.

Keys STUNS Swiatek; Sabalenka one step closer to history

Keys STUNS Swiatek; Sabalenka one step closer to history

Rediff.com23 Jan 2025

Aryna Sabalenka overwhelmed Paula Badosa 6-4, 6-2 with a impressive display of raw power to reach her third successive Australian Open final on Thursday.