News for 'it industry'

'Oil Is Not The Problem. The Bigger Problem Is Gold'

'Oil Is Not The Problem. The Bigger Problem Is Gold'

Rediff.com7 days ago

'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'

For first time China confirms support to Pakistan during Operation Sindoor

For first time China confirms support to Pakistan during Operation Sindoor

Rediff.com8 May 2026

China has confirmed providing on-site technical support to Pakistan during last year's conflict with India, according to official media reports.

UAE to store 30 mn barrels of crude in India's petroleum reserve: Misri

UAE to store 30 mn barrels of crude in India's petroleum reserve: Misri

Rediff.com16 May 2026

Foreign secretary Vikram Misri on Friday shared key details on agreements between India and the UAE, stating that the UAE will store up to 30 million barrels of crude oil in India's strategic petroleum reserve following Prime Minister Narendra Modi's visit.

Chinese API price surge tests India's pharma buffers amid West Asia crisis

Chinese API price surge tests India's pharma buffers amid West Asia crisis

Rediff.com2 May 2026

India's pharmaceutical industry is experiencing increased bulk drug prices, particularly for APIs from China, following the escalation of the West Asia crisis in March. While current inventories provide a temporary buffer, concerns are mounting over the availability of key solvents and feedstocks, potentially leading to manufacturing disruptions and shortages in specific drug categories.

Mamata, her 21 ministers swept out in massive anti-incumbency wave

Mamata, her 21 ministers swept out in massive anti-incumbency wave

Rediff.com5 May 2026

The Trinamool Congress government's massive defeat in West Bengal shows "deep anti-incumbency and unpopularity" as out of 35 ministers who contested the assembly elections, 22 have been defeated, including Chief Minister Mamata Banerjee in her constituency.

'Film Industry Is Waiting For Yami Gautam-Aditya Dhar To Fumble And Fall'

'Film Industry Is Waiting For Yami Gautam-Aditya Dhar To Fumble And Fall'

Rediff.com13 Mar 2026

'Aditya Dhar and Yami Gautam will have to move forward with extra caution.'

Why Maharashtra Needs To Strengthen Semiconductor Ecosystem

Why Maharashtra Needs To Strengthen Semiconductor Ecosystem

Rediff.com13 May 2026

Dr Dinesh Amalnerkar, president of the Maharashtra Academy of Sciences, has emphasised the need for Maharashtra to strengthen its semiconductor research and manufacturing ecosystem to compete with states like Gujarat and Telangana.

Punjab Minister Arora In ED Custody Over Money Laundering Allegations

Punjab Minister Arora In ED Custody Over Money Laundering Allegations

Rediff.com10 May 2026

A special PMLA court in Gurugram has remanded Punjab Industries Minister Sanjeev Arora in Enforcement Directorate's custody for a week in an alleged Rs 100-crore GST fraud-linked money laundering case.

No plans for fuel rationing, supply adequate: Oil ministry official

No plans for fuel rationing, supply adequate: Oil ministry official

Rediff.com11 May 2026

India has no plans to ration fuel supplies despite ongoing disruptions in global energy markets, according to a top oil ministry official. The country has maintained adequate inventories of crude products and LPG while diversifying imports to manage supply risks.

Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns

Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns

Rediff.com15 May 2026

Indian benchmark equity indices, Sensex and Nifty, closed lower due to investor caution over rising bond yields, a weaker rupee, and fresh fuel price hikes, which have revived inflation concerns.

Will China Now Attack Taiwan?

Will China Now Attack Taiwan?

Rediff.com6 days ago

Chinese leaders, including its generals, will have to weigh whether they can win a war if they ever attack Taiwan and if at all, can they sustain the subsequent devastation, notes Rup Narayan Das.

Ex-Company Officials Get Jail Term In IDBI Fraud Case

Ex-Company Officials Get Jail Term In IDBI Fraud Case

Rediff.com4 May 2026

A Delhi court has sentenced three former officials of a company to four years in jail for defrauding the Industrial Development Bank of India (IDBI). The court emphasised that leniency would undermine the justice system and public confidence in the law.

Petrol, Diesel Price March 20, 2026: Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 - Regular Rates Unchanged

Petrol, Diesel Price March 20, 2026: Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 - Regular Rates Unchanged

Rediff.com20 Mar 2026

Petrol diesel price today March 20, 2026: IOCL & HPCL hike premium petrol (XP95, Speed, Power) by 2/litre and industrial diesel by 22/litre. Regular petrol in Delhi 94.77, diesel 87.67 unchanged. Full city-wise rates inside.

Bharat Forge: Diversified Portfolio Fuels Optimistic Growth Projections

Bharat Forge: Diversified Portfolio Fuels Optimistic Growth Projections

Rediff.com17 May 2026

Bharat Forge reported modest Q4FY26 results but provided strong guidance, anticipating significant growth from its defence, aerospace, and data centre segments, with a projected 25 per cent revenue growth in Indian manufacturing for FY27, despite current high valuations.

SEBI Court Convicts Harshad Mehta-Linked Firms For Non-Compliance

SEBI Court Convicts Harshad Mehta-Linked Firms For Non-Compliance

Rediff.com7 May 2026

A special SEBI court convicted two directors and their five firms, linked to late stockbroker Harshad Mehta, for failing to provide information during a 1998 investigation into the manipulation of shares belonging to BPL and Videocon.

Mudassar Aziz: 'Comedy Fascinates Me'

Mudassar Aziz: 'Comedy Fascinates Me'

Rediff.com13 May 2026

'We should want Saiyaara, Pati Patni Aur Woh Do, Animal and Dhurandhar to coexist. Let the audience decide what they connect with.'

IPL's next TV deal could break all records again

IPL's next TV deal could break all records again

Rediff.com16 May 2026

Punjab Kings co-owner Mohit Burman anticipates a significant increase in the next IPL media rights cycle, potentially reaching 20-30 per cent, driven by recent high-value franchise acquisitions and the league's consistent engagement.

OpenAI's Tomoro buy triggers sharp decline in Tech stocks; Nifty IT hit 3-year low

OpenAI's Tomoro buy triggers sharp decline in Tech stocks; Nifty IT hit 3-year low

Rediff.com13 May 2026

Indian IT stocks experienced a significant downturn following OpenAI's acquisition of consulting firm Tomoro, intensifying fears that global AI companies are encroaching on traditional IT service models through end-to-end consulting and implementation services.

Want To Study At A Foreign University In India?

Want To Study At A Foreign University In India?

Rediff.com7 May 2026

Foreign universities are unlikely to gain major ground in India's higher education market in the near term, as students and families continue to prioritise return on investment over brand value in a highly price-sensitive sector.

India's Exports Hit 5-Month High in April, But Trade Deficit Expands

India's Exports Hit 5-Month High in April, But Trade Deficit Expands

Rediff.com15 May 2026

India's exports recorded a 13.78 per cent increase to USD 43.56 billion in April, marking the highest monthly outbound shipments in over four years, primarily driven by petroleum products. However, the trade deficit widened to a three-month high of USD 28.38 billion due to a 10 per cent rise in imports.

Is GalaxEye's Mission Drishti Satellite Okay?

Is GalaxEye's Mission Drishti Satellite Okay?

Rediff.com12 May 2026

Concerns are rising about the status of GalaxEye Space's Mission Drishti, India's first Made in India OptoSAR satellite, launched on May 3. Reports suggest the satellite is tumbling in space, and experts highlight potential issues with solar panel deployment and stabilisation. The company has remained silent on the matter, fueling further speculation.

How AI and data are creating cricket's deadliest bats

How AI and data are creating cricket's deadliest bats

Rediff.com7 days ago

The shift towards power-hitting in cricket has led to a revolution in bat manufacturing, with makers using scientific precision and customisation to meet the demands of modern batters.

No Minority Consolidation Against LDF, Says Kerala Minister

No Minority Consolidation Against LDF, Says Kerala Minister

Rediff.com3 May 2026

Kerala Industries Minister P Rajeev dismisses claims of minority consolidation against the ruling LDF in the Assembly polls, stating minorities have no grievances and trust the Left's stance against the Centre.

How UP Boosted Sugarcane Farmers' Income

How UP Boosted Sugarcane Farmers' Income

Rediff.com14 May 2026

The Uttar Pradesh government announced it has paid a record Rs 3,21,963 crore to sugarcane growers since 2017, emphasising on-time payments and direct transfers to farmers' accounts. The government highlighted initiatives like farm loan waivers and the 'Smart Ganna Kisan' system for online sugarcane management.

India restricts gold imports to 100 kg under Advance Authorisation scheme

India restricts gold imports to 100 kg under Advance Authorisation scheme

Rediff.com14 May 2026

India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.

Bajaj Auto gears up for festival season with new Pulsar models

Bajaj Auto gears up for festival season with new Pulsar models

Rediff.com8 May 2026

Bajaj Auto is set to launch new Pulsar motorcycles in the 125cc and 150-250cc segments in Q2 FY27, aiming to capitalise on the upcoming festival season surge. This move follows strong growth in the 150cc-plus segment, where refreshed Pulsar models already account for over 50 per cent of Bajaj's sales.

'Life Is Too Short To Be Unhappy': Amrita Puri

'Life Is Too Short To Be Unhappy': Amrita Puri

Rediff.com7 May 2026

In the latest episode of The Rediff Podcast, Amrita Puri opens up about breaking stereotypes, dealing with the stigma of divorce and how therapy helped her find peace and self-love.

In UAE, Modi offers help to end West Asia crisis

In UAE, Modi offers help to end West Asia crisis

Rediff.com15 May 2026

Prime Minister Narendra Modi has offered India's support to bring peace to West Asia during talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan. Both countries signed agreements to strengthen strategic collaborations in energy and defence.

Stars Salute Vijay's Win: 'The People Have Chosen You'

Stars Salute Vijay's Win: 'The People Have Chosen You'

Rediff.com5 May 2026

Tamilaga Vettri Kazhagam (TVK) chief Vijay has made a historic debut in the Tamil Nadu assembly polls, securing a landslide victory in the Perambur constituency and leading his party to a strong performance across the state, with congratulatory messages pouring in from fellow film personalities.

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Rediff.com20 Mar 2026

Petrol diesel price today March 20, 2026: IOCL & HPCL hike premium petrol (XP95, Speed, Power) by 2/litre and industrial diesel by 22/litre. Regular petrol in Delhi 94.77, diesel 87.67 unchanged. Full city-wise rates inside.

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.

Bishnoi gang claims firing outside home of Punjabi actor Dosanjh's manager

Bishnoi gang claims firing outside home of Punjabi actor Dosanjh's manager

Rediff.com13 May 2026

Police are investigating claims of a firing incident outside the residence of Diljit Dosanjh's manager in Karnal, allegedly at the behest of gangster Lawrence Bishnoi's aides. The incident has sparked a political row, with AAP accusing BJP of intimidation tactics after Dosanjh declined to join the party.

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.

What Suvendu Adhikari Must Understand

What Suvendu Adhikari Must Understand

Rediff.com9 May 2026

The electorate did not vote for the BJP as much as they voted against the TMC. This is an important distinction that the new government will ignore at its own peril, points out Vice Admiral Biswajit Dasgupta (retd).

How AI Can Boost India's Economy By $500 Billion

How AI Can Boost India's Economy By $500 Billion

Rediff.com13 May 2026

A joint study by IBM and IndiaAI, a MeiTY initiative, indicates that Artificial Intelligence (AI) has the potential to contribute over USD 500 billion to India's economy by 2030. The report highlights the need for improved AI literacy, infrastructure, and data quality to fully realise this potential.

'Saif Ali Khan Is Angrez, But When He's Performing...'

'Saif Ali Khan Is Angrez, But When He's Performing...'

Rediff.com7 days ago

'He is 500 times better than you think he is.'

Jewellers back PM's gold appeal, propose monetisation scheme enhancements

Jewellers back PM's gold appeal, propose monetisation scheme enhancements

Rediff.com13 May 2026

Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.

Gautam Adani: Energy Security, Digital Infrastructure Key To Geopolitics

Gautam Adani: Energy Security, Digital Infrastructure Key To Geopolitics

Rediff.com11 May 2026

Gautam Adani emphasised the importance of energy security and digital infrastructure in shaping geopolitical power, urging India to develop sovereign capabilities across the AI value chain.

When Will India Produce A Trillion-Dollar Company?

When Will India Produce A Trillion-Dollar Company?

Rediff.com2 May 2026

India's first trillion-dollar company will be built on technology it owns, not just operates, predicts Ajay Kumar.

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.