News for 'it services'

Commercial Coal Block Auctions to Generate 55,000 Crore Investment, 490,000 Jobs

Commercial Coal Block Auctions to Generate 55,000 Crore Investment, 490,000 Jobs

Rediff.com6 days ago

The Indian coal ministry announced that 147 commercial coal blocks auctioned since 2020 are expected to attract approximately 55,000 crore in capital investment, generate 490,000 jobs, and contribute significantly to state revenues.

BRICS Summit Pushes For Safe And Inclusive AI Development

BRICS Summit Pushes For Safe And Inclusive AI Development

Rediff.com12 Sep 2026

BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.

Rahul Gandhi Claims Modi Government Surrendering To US Pressure On UPI Charges

Rahul Gandhi Claims Modi Government Surrendering To US Pressure On UPI Charges

Rediff.com6 days ago

Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.

ATC 'technical issue' grounds flights across UK airports

ATC 'technical issue' grounds flights across UK airports

Rediff.com8 Sep 2026

A 'technical issue' in the UK's National Air Traffic Services (NATS) flight processing system grounded hundreds of flights across the UK, including long-haul routes to and from India, leading to widespread disruption and prompting Ryanair to demand the resignation of NATS CEO Martin Rolfe.

India 0-2 down: Davis Cup Final 8 hopes on the brink

India 0-2 down: Davis Cup Final 8 hopes on the brink

Rediff.com3 days ago

India's Davis Cup Final 8 aspirations are in peril after losing both singles matches to Korea in their Qualifier tie. Dhakshineswar Suresh and Sumit Nagal both squandered promising starts, leaving India trailing 0-2 and needing to win all three remaining matches to advance.

India's exports jump over 26% in August; trade gap shrinks to five-month low

India's exports jump over 26% in August; trade gap shrinks to five-month low

Rediff.com5 days ago

India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.

BRICS Summit 2026 Focuses On Practical Outcomes

BRICS Summit 2026 Focuses On Practical Outcomes

Rediff.com7 days ago

The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.

Passenger Vehicle Exports Fall 17% in August Amid Domestic Sales Boom

Passenger Vehicle Exports Fall 17% in August Amid Domestic Sales Boom

Rediff.com5 days ago

India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.

The Right Screen Time For A Child Is...

The Right Screen Time For A Child Is...

Rediff.com4 days ago

For a child who is six years old, one hour is the limit, says rediffGURU Dr Deepa Suvarna.

US colonel survived 50 hours after jet downed in Iran

US colonel survived 50 hours after jet downed in Iran

Rediff.com7 days ago

A US Air Force colonel, identified by his call sign 'Bravo', survived nearly 50 hours behind Iranian lines after his F-15E fighter jet was shot down near Isfahan. Despite severe injuries, he evaded Iranian forces and was eventually rescued in a complex operation involving US military and intelligence personnel, highlighting a daring mission to leave no man behind.

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

Rediff.com5 days ago

India's Consumer Affairs Secretary Nidhi Khare announced that cab aggregators have been ordered to cease advance tipping options, deeming the practice misleading and unfair. This follows the Central Consumer Protection Authority (CCPA) imposing a Rs 10 lakh penalty on Rapido for unfair business practices, including advance tipping and "dark patterns" that pressure users to pay more. Investigations into Uber and Ola are ongoing, with the government emphasizing that tipping should be voluntary and post-ride.

PNB targets wealth management entry by 2027, ramps up credit card portfolio

PNB targets wealth management entry by 2027, ramps up credit card portfolio

Rediff.com11 Sep 2026

State-run Punjab National Bank (PNB) is strategically planning to enter the wealth management segment by early 2027 and significantly expand its credit card portfolio, aiming to tap into lucrative markets largely dominated by private-sector banks.

CSE 2025: SC to hear Centre plea on OBC creamy-layer rule

CSE 2025: SC to hear Centre plea on OBC creamy-layer rule

Rediff.com1 Sep 2026

The Supreme Court will consider the Centre's plea for clarification on the applicability of its March 11 judgement regarding OBC creamy-layer criteria for the Civil Services Examination (CSE) 2025. The government highlights practical difficulties and potential unequal treatment of candidates if the ruling is applied retrospectively, as the CSE 2025 selection process concluded before the verdict. The Department of Personnel and Training (DoPT) seeks to proceed with service allocation based on the pre-March 11 criteria to avoid disruption to training schedules and ensure fairness for candidates.

Government Directs No Charges On Small UPI, RuPay Transactions

Government Directs No Charges On Small UPI, RuPay Transactions

Rediff.com6 days ago

The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.

Daayra Review: Potent Kareena, Prithviraj

Daayra Review: Potent Kareena, Prithviraj

Rediff.com3 days ago

Its unresolved, noncommittal conclusion is exactly the sort of anticlimactic reality Daayra wants to bring our attention to. Neither justice nor revenge can undo the fate met by the world's Nirbhayas or Arushis, observes Sukanya Verma.

EPFO wage ceiling hiked to Rs 25,000, to benefit 51 lakh workers

EPFO wage ceiling hiked to Rs 25,000, to benefit 51 lakh workers

Rediff.com5 days ago

The Union Cabinet has approved a significant increase in the mandatory EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month, a move expected to bring over 51 lakh additional employees under mandatory social security coverage.

Bhambri Injury Forces India To Rethink Davis Cup Doubles Strategy

Bhambri Injury Forces India To Rethink Davis Cup Doubles Strategy

Rediff.com6 days ago

India's Davis Cup team faces a significant challenge in their qualifier against South Korea as key doubles player Yuki Bhambri has been ruled out due to a thigh injury. This forces captain Rohit Rajpal to re-evaluate the doubles combination, a crucial aspect for advancing to the finals. The team is now experimenting with new pairings, with N Sriram Balaji emerging as a leading option.

1966 Asian Games: How India's 10 Bravehearts Defeated Pakistan To Win Hockey Gold

1966 Asian Games: How India's 10 Bravehearts Defeated Pakistan To Win Hockey Gold

Rediff.com4 days ago

Legendary Indian hockey player Harbinder Singh reminisces about India's historic first Asian Games gold medal in 1966, defeating arch-rivals Pakistan. He shares insights into the team's motivation, the challenging final match played with 10 men, and the evolution of hockey over the decades, including concerns about declining domestic spectator interest and India's prospects for future Asian Games.

India's academic freedom severely restricted, claims report

India's academic freedom severely restricted, claims report

Rediff.com5 days ago

A report by Scholars at Risk, 'Free to Think 2026', states that academic freedom in India is "severely restricted" due to increasing government influence over higher education, university governance, and curbs on student expression. India is listed among six countries in this category, with its Academic Freedom Index score sharply declining. The report cites instances of faculty dismissals, event cancellations, and pressure on student protests, highlighting the alleged use of the UGC as a vehicle for state influence.

India Pioneers Tokenised Corporate Bonds With Sebi's Demat 2.0 Pilot

India Pioneers Tokenised Corporate Bonds With Sebi's Demat 2.0 Pilot

Rediff.com10 Sep 2026

India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.

IN-SPACe's Growing Role Raises ISRO Concerns

IN-SPACe's Growing Role Raises ISRO Concerns

Rediff.com5 days ago

'IN-SPACe like an octopus is stretching its tentacles everywhere and choking ISRO.'

Security Heightened In Haldwani Ahead Of Crucial SC Verdict

Security Heightened In Haldwani Ahead Of Crucial SC Verdict

Rediff.com8 Sep 2026

Heavy police and drone teams have been deployed in Haldwani's Banbhoolpura area ahead of an anticipated Supreme Court verdict concerning alleged encroachment on 29 hectares of Railway land. The deployment is a precautionary measure given past unrest during demolition drives, with authorities appealing for peace and warning against rumour-mongering.

Why Left Parties Demand Withdrawal Of UPI Charges

Why Left Parties Demand Withdrawal Of UPI Charges

Rediff.com5 days ago

Left parties have strongly condemned the government's decision to impose charges on UPI payments exceeding Rs 2,000, with CPI General Secretary D Raja alleging the move was made under "US pressure" to favour foreign payment companies. Both CPI and All India Forward Bloc demand the withdrawal of this "anti-people decision," arguing it burdens consumers and merchants while undermining UPI's role as a public digital infrastructure. They highlight concerns that the charges weaken India's digital sovereignty and serve commercial interests of foreign corporations like Visa and Mastercard.

How IIT-Kanpur's AI System Can Revolutionise Welfare Delivery

How IIT-Kanpur's AI System Can Revolutionise Welfare Delivery

Rediff.com8 Sep 2026

IIT-Kanpur has developed an AI-powered "Family Score" system to identify households needing welfare support using existing government data. This system, demonstrated in collaboration with the Andhra Pradesh government, aims to provide a faster and more cost-effective alternative to traditional surveys for assessing socio-economic conditions and ensuring targeted welfare delivery.

India's Semiconductor Sector Attracts $1.4 Billion in Equity Funding

India's Semiconductor Sector Attracts $1.4 Billion in Equity Funding

Rediff.com13 Sep 2026

India's semiconductor sector has garnered USD 1.4 billion in total equity funding across 281 companies, with a substantial USD 701 million raised since 2025 alone, according to Tracxn data.

Oracle Layoffs: 'He worked through Holi and Diwali... then locked out'

Oracle Layoffs: 'He worked through Holi and Diwali... then locked out'

Rediff.com6 days ago

A LinkedIn post by Pooja Sahu, detailing her husband Sourabh's sudden layoff from Oracle after 12 years of dedicated service, including working through holidays and even from a hospital, has gone viral, capturing the emotional toll of the tech giant's latest job cuts.

PhonePe Launches UPI 123Pay For Feature Phones, Boosting Financial Inclusion

PhonePe Launches UPI 123Pay For Feature Phones, Boosting Financial Inclusion

Rediff.com31 Aug 2026

Fintech giant PhonePe has launched 'PhonePe UPI 123Pay', a new service enabling UPI transactions for feature phone users without requiring an internet connection. This initiative aims to bring digital payment capabilities to over 200 million feature phone users, promoting financial inclusion across India.

Indian Enterprises Boost AI Investment But Face Governance Challenges

Indian Enterprises Boost AI Investment But Face Governance Challenges

Rediff.com8 Sep 2026

A new report reveals that enterprise AI investment in India has surged by 119 per cent, exceeding the global average. However, only 22 per cent of Indian organisations have established adequate governance frameworks, creating a significant gap between rapid deployment and safe, scalable AI adoption. This lack of governance impacts operational depth and raises concerns about transparency, regulation, and data privacy.

Thieves cut, steal 100 mtr overhead wire in Bihar; train services hit

Thieves cut, steal 100 mtr overhead wire in Bihar; train services hit

Rediff.com9 Jul 2026

Train services in the Gaya-Patna section of Bihar were disrupted for nearly three hours after thieves allegedly cut and stole an overhead electrical wire between Tehta and Jehanabad railway stations. The Railway Protection Force has since recovered the stolen material, and an investigation is underway to apprehend the culprits responsible for the 25,000-volt OHE wire theft.

Global Uncertainty, Rising US Yields Drive FPIs to Withdraw Rs 13,138 Cr from Indian Equities

Global Uncertainty, Rising US Yields Drive FPIs to Withdraw Rs 13,138 Cr from Indian Equities

Rediff.com13 Sep 2026

Foreign Portfolio Investors (FPIs) withdrew Rs 13,138 crore from Indian equities in the first half of September, driven by heightened global uncertainty, rising crude oil prices, firm US bond yields, and a strong dollar, impacting risk appetite.

How Social Media Is Destroying Your Retirement

How Social Media Is Destroying Your Retirement

Rediff.com3 days ago

Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.

India to buy CBRN recce vehicles, helicopters, mine layers for Rs 1.10 lakh cr

India to buy CBRN recce vehicles, helicopters, mine layers for Rs 1.10 lakh cr

Rediff.com7 Sep 2026

The Defence Acquisition Council, led by Defence Minister Rajnath Singh, has approved the procurement of military hardware worth an estimated Rs 1.10 lakh crore for the Indian Army, Navy, and Air Force. This significant move aims to enhance India's combat prowess and reduce dependency on foreign vendors, with approximately 98 per cent of procurements sourced from Indian industry.

Last Date To Apply For MMS At WeSchool, Mumbai, Is...

Last Date To Apply For MMS At WeSchool, Mumbai, Is...

Rediff.com9 Sep 2026

Students who missed out on securing a seat through the CAP can now apply for master of management studies 2026-27 at WeSchool, Mumbai.

Tech services to remain relevant in AI era: Nasscom

Tech services to remain relevant in AI era: Nasscom

Rediff.com27 Jun 2026

The technology services sector in India will continue to remain relevant to global enterprises transformation in the artificial intelligence (AI) era, the Nasscom US CEO Forum said, even though there will be changes in how services are delivered and scaled up. Chief executive officers of Indian technology companies, who attended the discussion, also said AI will expand the addressable market opportunity across enterprise modernisation, data, AI governance and intelligent operations.

Satwik-Chirag end wait, win China Masters title

Satwik-Chirag end wait, win China Masters title

Rediff.com6 Sep 2026

Indian men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty won the China Masters title, defeating China's He Ji Ting and Ren Xiang Yu in a hard-fought final. This marks their second title of the season, adding to their Singapore Open Super 750 victory.

Oversupply Looms: India's Cement Sector Braces for Pricing Pressure

Oversupply Looms: India's Cement Sector Braces for Pricing Pressure

Rediff.com5 days ago

India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.

RBI likely to hike rates by 50 bps as inflation breaches tolerance band

RBI likely to hike rates by 50 bps as inflation breaches tolerance band

Rediff.com5 days ago

Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.

How SBI Is Revolutionising Small Business Lending With UPI Data

How SBI Is Revolutionising Small Business Lending With UPI Data

Rediff.com11 Sep 2026

State Bank of India (SBI) is developing an innovative solution to assess the creditworthiness of small businesses lacking GST registration by utilising UPI transaction data. This initiative aims to provide end-to-end digital loans within a day, addressing the financial exclusion of many small enterprises.

RBI Deputy Governor flags systemic risk from financial institutions' reliance on common tech providers

RBI Deputy Governor flags systemic risk from financial institutions' reliance on common tech providers

Rediff.com10 Sep 2026

Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.

Why Agentic AI Engineers Are India's Hottest Tech Job

Why Agentic AI Engineers Are India's Hottest Tech Job

Rediff.com8 Sep 2026

A new report by CIEL HR indicates a massive 260 per cent year-on-year surge in demand for Agentic AI engineers in India by 2026. This growth highlights AI's increasing role in automating routine tech functions and the evolving landscape of technology skills, prompting organisations to invest in reskilling and talent development to meet the rising demand for AI, cloud, and cybersecurity expertise.