Business

Life Insurance Corporation (LIC) of India NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate. “LIC categorically clarifies that the documents mentioned…

NEW DELHI: The Cabinet Tuesday finalised the terms of reference and the appointment of three members of the Eighth Central Pay Commission, and tasked it with submitting its recommendations within 18 months. The panel will be headed by former Supreme Court judge Justice Ranjana Prakash Desai, with IIM-Bangalore professor Pulak Ghosh named a member and…

Piyush Goyal holds talks with EU Commissioner Maros Sefcovic on India-EU FTA negotiations The negotiating teams of India and the European Union are making significant progress on tariff-related issues, with an EU delegation set to visit New Delhi next week to further narrow gaps for an early conclusion of the proposed free trade agreement (FTA).Commerce…

CHENNAI: Cholamandalam MS General Insurance Company (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, posted a 28.3% dip in Profit after Tax (PAT) at Rs 91 crore in the quarter ended Sept 30, 2025, against Rs 127 crore in the corresponding last year. Its Gross Written Premium…

India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…

Countries around the world are growing increasingly cautious about maintaining sovereign assets abroad. (AI image) India’s gold reserves are increasingly being stored in the country – a significant move in an era where countries use financial warfare to mount pressure and settle scores. The Reserve Bank of India (RBI) has intensified its efforts to transfer…

US stocks hovered around record levels on Tuesday as investors awaited key events, including the Federal Reserve’s policy decision and an upcoming meeting between President Donald Trump and Chinese President Xi Jinping.In morning trade, the S&P 500 rose 0.1 per cent, while the Dow Jones Industrial Average gained 190 points, or 0.4 per cent, and…

File photo (Picture credit: AP) Apple has reached a historic milestone, becoming the third Big Tech company to cross $4 trillion in market value, driven by strong demand for its latest iPhone lineup.The company’s shares were last up 0.2 per cent at $269.2 in early trading on Tuesday, marking a record high, reported news agency…

India’s industrial production growth remained steady at 4 per cent in September 2025, supported by a stronger manufacturing performance, according to data released by the National Statistics Office (NSO) on Tuesday. The factory output, measured by the Index of Industrial Production (IIP), was higher than the 3.2 per cent growth recorded in September 2024.The NSO…

File photo: President Droupadi Murmu (Picture credit: ANI) India is working not only to achieve its clean energy goals but also to emerge as a global hub that aggregates global solar demand and drives innovation, manufacturing and knowledge exchange by 2050, President Droupadi Murmu said on Tuesday.Addressing the 8th Session of the International Solar Alliance…