News for 'managing director'

We may apply for universal banking licence within a year

"We may apply for universal banking licence within a year"

Rediff.com13 Aug 2026

Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.

HAL Secures Major Long-Term Deal With Safran For LEAP Engine Parts

HAL Secures Major Long-Term Deal With Safran For LEAP Engine Parts

Rediff.com22 Jul 2026

Hindustan Aeronautics Limited (HAL) and Safran Aircraft Engines have signed a long-term agreement for the production and supply of turbine ring forgings for the CFM LEAP engine programme. This multi-year contract, signed at the Farnborough International Airshow, will see HAL manufacture critical superalloy components at its Bengaluru facility, enhancing India's capabilities in advanced aerospace manufacturing and expanding its presence in the international civil aerospace market.

Cooperative Official Arrested In Odisha For Rs 75 Lakh Fraud

Cooperative Official Arrested In Odisha For Rs 75 Lakh Fraud

Rediff.com22 May 2026

Odisha Vigilance arrested a cooperative official, Tarini Prasad Tripathy, for his alleged involvement in a Rs 75 lakh fraud case at K Singhpur Large Area Multi-Purpose Co-operative Society (LAMPCS) in Rayagada district.

L&T Technology Services Teams Up With Anthropic To Embed Claude AI In Engineering

L&T Technology Services Teams Up With Anthropic To Embed Claude AI In Engineering

Rediff.com14 Jul 2026

L&T Technology Services (LTTS) has announced a strategic partnership with Anthropic to integrate its Claude AI models into LTTS' engineering processes and AI platforms. This collaboration aims to redefine engineering work by enabling faster decision-making, streamlining workflows, and accelerating innovation for global clients, coinciding with Anthropic's new rupee-denominated pricing for Indian customers.

What's Mukeshbhai Doing At Kedarnath?

What's Mukeshbhai Doing At Kedarnath?

Rediff.com16 Jun 2026

During his visit to Kedarnath Dham in Rudraprayag, Uttarakhand, Reliance Industries Chairman and Managing Director Mukesh Ambani donated Rs 10 crore (Rs 100 million) to the temple committee to support the development of pilgrim facilities and infrastructure.

Is Your Office Making You Sick?

Is Your Office Making You Sick?

Rediff.com25 Aug 2026

From the air we breathe to the surfaces we touch, our everyday workplace can quietly influence both our physical and mental wellbeing, warns Dr Vikram Vora.

Enforcement Directorate To Target Crypto Frauds, Terror Financing

Enforcement Directorate To Target Crypto Frauds, Terror Financing

Rediff.com1 May 2026

The Enforcement Directorate (ED) is shifting its focus to emerging financial crimes such as cryptocurrency fraud, terror financing, cyber-enabled crimes, and narcotics trafficking, according to Director Rahul Navin. The agency reported a high conviction rate and significant asset restitution to victims of financial fraud.

Reliance succession 'almost complete' as children take charge: Mukesh Ambani

Reliance succession 'almost complete' as children take charge: Mukesh Ambani

Rediff.com19 Jun 2026

Billionaire Mukesh Ambani announced that the transfer of day-to-day management responsibilities at Reliance Industries to his children, Akash, Isha, and Anant, is "almost complete," marking the final stages of a significant succession process for India's most valuable company.

'Nepal Flood Is A Warning'

'Nepal Flood Is A Warning'

Rediff.com28 Aug 2026

'There needs to be a monitoring of glaciers in high altitude areas and one needs to check regularly how geological changes are taking place.' 'We can mitigate that by regular monitoring but unfortunately, hardly any monitoring is happening.' 'And without monitoring those higher altitudes of Himalayas, people are suffering.'

Actor Tim Curry Dies At 80: 'He Was A Force'

Actor Tim Curry Dies At 80: 'He Was A Force'

Rediff.com27 Aug 2026

Tim Curry, celebrated for his unforgettable performances in The Rocky Horror Picture Show, Clue, and Annie, has passed away at 80, prompting an outpouring of tributes from Hollywood and fans worldwide.

End of an era: Chennai Super Kings parts ways with coach Stephen Fleming

End of an era: Chennai Super Kings parts ways with coach Stephen Fleming

Rediff.com13 Jul 2026

Under Stephen Fleming, CSK won 5 IPL trophies as well as 2 Champions League Twenty20 tournaments.

Tata power struggle deepens as Chandra, other Ratan Tata allies step away

Tata power struggle deepens as Chandra, other Ratan Tata allies step away

Rediff.com12 Aug 2026

N Chandrasekaran, chairman of Tata Sons, announced he would not seek reappointment when his term ends in February 2027, following a series of departures by senior figures closely associated with former chairman Ratan Tata, including Vijay Singh and Mehli Mistry, amid a deepening power struggle and governance dispute within the Tata Group.

Chandrasekaran latest among Ratan Tata allies to step down

Chandrasekaran latest among Ratan Tata allies to step down

Rediff.com12 Aug 2026

N Chandrasekaran's decision not to seek reappointment when his term as chairman of Tata Sons ends in February 2027 signals a significant shift in leadership amidst an ongoing power struggle and governance disputes within the Tata Group.

HCLTech to invest Rs 15,000 crore in AI data centre, global tech hub in Odisha

HCLTech to invest Rs 15,000 crore in AI data centre, global tech hub in Odisha

Rediff.com25 Jul 2026

HCLTech, India's third-largest IT services company, announced plans to establish a global technology centre and an AI-optimised data centre in Bhubaneswar, Odisha, with a total investment of approximately Rs 15,000 crore, marking its entry into the AI infrastructure business.

ICICI Bank raises $1 bn in largest dollar issue this year, signalling strong investor confidence

ICICI Bank raises $1 bn in largest dollar issue this year, signalling strong investor confidence

Rediff.com25 Jul 2026

ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.

Boeing India Teams With Merlinhawk For EO/IR System Support

Boeing India Teams With Merlinhawk For EO/IR System Support

Rediff.com21 Jul 2026

Merlinhawk Aerospace has partnered with Boeing India Defence to provide in-country maintenance, repair, and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems on Indian military platforms. This collaboration aims to strengthen local support, reduce turnaround times, and enhance mission readiness for the Indian Navy, aligning with India's self-reliance goals in defence.

Boeing India Teams With Merlinhawk For EO/IR System Support

Boeing India Teams With Merlinhawk For EO/IR System Support

Rediff.com21 Jul 2026

Merlinhawk Aerospace has partnered with Boeing India Defence to provide in-country maintenance, repair, and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems on Indian military platforms. This collaboration aims to strengthen local support, reduce turnaround times, and enhance mission readiness for the Indian Navy, aligning with India's self-reliance goals in defence.

Institutional Investment in India's Housing Market Plunges 85% to $154 Mn

Institutional Investment in India's Housing Market Plunges 85% to $154 Mn

Rediff.com21 Jul 2026

Institutional investments in India's housing market plummeted by 85 per cent to USD 154 million in the first half of 2026, while overall real estate inflows saw a modest 6 per cent increase, driven primarily by domestic investors and strong interest in office and data centre projects.

Monsoon Getaways Drive Travel Bookings

Monsoon Getaways Drive Travel Bookings

Rediff.com17 Jul 2026

Popular monsoon destinations include Kerala, Goa, Wayanad, Munnar, Mussoorie, Nainital, Bali, Thailand and the Maldives.

TCS Reports Strong Q1 Earnings Amidst Geopolitical Headwinds

TCS Reports Strong Q1 Earnings Amidst Geopolitical Headwinds

Rediff.com9 Jul 2026

India's largest IT services company, TCS, announced a 4.61 per cent increase in its net profit to Rs 13,349 crore for the June 2026 quarter, with revenues climbing nearly 14 per cent year-on-year.

French Badminton Makes History With Double World Titles

French Badminton Makes History With Double World Titles

Rediff.com23 Aug 2026

France achieved a historic double victory at the World Championships, with Thom Gicquel and Delphine Delrue winning mixed doubles and Alex Lanier securing the men's singles title. This unprecedented success is attributed to decades of strategic investment in a national badminton system, including national and regional centres, coach education, and a focus on holistic player development, aiming to elevate France among traditional Asian powerhouses in the sport.

How Bank Staff Exploit Depositors' Trust For Fraud

How Bank Staff Exploit Depositors' Trust For Fraud

Rediff.com12 Aug 2026

A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.

LIC gets first woman managing director

LIC gets first woman managing director

Rediff.com2 Nov 2013

Life Insurance Corporation of India (LIC) on Friday got its first female managing director and another new MD.

Are Your Investments Worth The Effort?

Are Your Investments Worth The Effort?

Rediff.com11 Aug 2026

Many investors are working hard as their own fund managers, unaware whether their efforts have actually rewarded them for the job.

Akash Ambani named MD of Jio Platforms for 5 years ahead of anticipated IPO

Akash Ambani named MD of Jio Platforms for 5 years ahead of anticipated IPO

Rediff.com14 May 2026

Jio Platforms has announced the appointment of Akash Ambani as its managing director for a five-year term, effective from April 9, 2026, as the digital services company prepares for its highly anticipated Initial Public Offering.

BJP replaces Amit Malviya, appoints new social media chief

BJP replaces Amit Malviya, appoints new social media chief

Rediff.com17 Aug 2026

The Bharatiya Janata Party (BJP) has appointed Deepak Mhaskey, an academic and former board member of Engineers India Limited, as the new head of its social media department. He replaces Amit Malviya, who led the department for 11 years. Mhaskey, who holds a state minister-rank and is a permanent invitee of the BJP's Chhattisgarh unit, expressed gratitude for the significant responsibility.

HCLTech's Q1 Profit Jumps 20% to Rs 4,624 Cr, FY27 Revenue Guidance Intact

HCLTech's Q1 Profit Jumps 20% to Rs 4,624 Cr, FY27 Revenue Guidance Intact

Rediff.com13 Jul 2026

HCL Technologies reported a significant 20 per cent year-on-year increase in its consolidated net profit for the June quarter of FY27, reaching Rs 4,624 crore, while maintaining its revenue growth guidance of 1-4 per cent for the fiscal year.

Publishers Must Adapt To Evolving AI Copyright Framework

Publishers Must Adapt To Evolving AI Copyright Framework

Rediff.com10 Aug 2026

A new report highlights that publishers need to adopt clear records, AI-specific provisions, and transparent disclosure of AI use to manage legal and commercial risks as the copyright framework around artificial intelligence evolves. Jointly developed by SS Rana & Co and Ficci, the 'Copyright In The AI Age' report emphasises practical governance measures while courts and regulators work on legal principles. It also addresses concerns about authorship, creators' rights, and research integrity amidst increasing AI integration in publishing.

Cheaper Chinese AI Models Could Trigger 'Massive Capital Destruction' in US Markets: Jefferies

Cheaper Chinese AI Models Could Trigger 'Massive Capital Destruction' in US Markets: Jefferies

Rediff.com29 Jul 2026

Christopher Wood, global head of equity strategy at Jefferies, warns that cheaper Chinese artificial intelligence (AI) models could lead to 'massive capital destruction' in US markets, highlighting the rapid growth of Chinese LLMs and the increasing debt funding for AI capex in the US.

How China Shielded Itself From Oil Shock

How China Shielded Itself From Oil Shock

Rediff.com17 Aug 2026

China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Lodha Developers targets Rs 10,000 crore from Palava data centre park land sales

Rediff.com4 Aug 2026

Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.

How Haryana Is Using Drones For Smart Governance

How Haryana Is Using Drones For Smart Governance

Rediff.com3 Aug 2026

Haryana is institutionalising drone technology as a key governance tool, deploying AI-powered surveillance and high-resolution geospatial mapping. This initiative aims to detect illegal constructions, monitor mining activities, map civic infrastructure, and track pollution across the state. The Chief Secretary reviewed progress on various projects, including an AI-powered Change Detection Application and digital mapping of municipal assets, highlighting the state's commitment to evidence-based governance and improved public service delivery.

Novo Nordisk introduces 'Awiqli', a once-weekly insulin injection for diabetes in India

Novo Nordisk introduces 'Awiqli', a once-weekly insulin injection for diabetes in India

Rediff.com9 Jul 2026

Danish pharma major Novo Nordisk has launched 'Awiqli' in India, a once-weekly basal insulin injection for adults with diabetes, aiming to simplify treatment and reduce the burden of daily injections.

Bethlehem Kudumba Unit Review: Delightful Romcom

Bethlehem Kudumba Unit Review: Delightful Romcom

Rediff.com21 Aug 2026

Bethlehem Kudumba Unit offers a delightful and charming cinematic experience, blending trademark humour with a sweet, unconventional love story, gushes Sreeju Sudhakaran.

Indian drugmakers in no rush to shift to US despite tariff threat

Indian drugmakers in no rush to shift to US despite tariff threat

Rediff.com10 Aug 2026

Indian pharmaceutical companies are not rushing to relocate manufacturing to the United States despite former President Donald Trump's renewed threat of tariffs up to 200 per cent on imported generic drugs. Instead, they are leveraging existing US plants, contract manufacturers, and making selective investments in complex products while maintaining India as their primary production hub.

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Rediff.com3 Aug 2026

Several Indian real estate companies, including BPTP Ltd and Smartworld Developers, are rethinking or shelving their initial public offering (IPO) plans, which were expected to raise around 15,000 crore, due to weaker housing demand, higher costs, and a more cautious investment climate.

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Rediff.com10 Jun 2026

Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.

UP banker shoots wife dead over 'betrayal'; kills sister, ends life

UP banker shoots wife dead over 'betrayal'; kills sister, ends life

Rediff.com21 Aug 2026

A bank employee in Lucknow allegedly shot dead his wife and sister before taking his own life, reportedly due to marital discord. The incident involved shootings outside an ICICI Bank branch and at his home, with the accused posting a WhatsApp status alleging 'betrayal' by his wife.

Jio to develop sovereign LEO satellite constellation, partner global providers

Jio to develop sovereign LEO satellite constellation, partner global providers

Rediff.com19 Jun 2026

Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.

Emirates NBD buys majority stake in RBL Bank for $2.75 bn

Emirates NBD buys majority stake in RBL Bank for $2.75 bn

Rediff.com18 Jun 2026

Emirates NBD Bank has successfully acquired a 60 per cent majority stake in RBL Bank through a primary capital infusion of approximately USD 2.75 billion, marking the largest foreign direct investment in India's banking sector.