The tax holiday period on business income earned by a unit in...
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Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
CS Setty,Chairman,State Bank of India On the long‑standing demand...
New India’s net profit rises almost 6% to Rs372 crore in 3rd quarter
Girija Subramanian, CMD,NIA said,``Our domestic gross direct...
Falling fertility rates in southern states point to ageing population in future, says Arvind Panagariya
"Southern states in particular, where fertility rates have fallen well below replacement levels, face problematic increases in dependency ratios and ageing populations in the longer run," Finance Commission Chairman Arvind Panagariya Vijayawada: Southern states, where...
Madras High Court bans 28 plastic products in Western Ghats
The bench directed the Tamil Nadu government to issue a notification under the Motor Vehicles Act stipulating a condition that no vehicle shall be used for the transportation/distribution of banned items in the Western Ghats, which includes the Nilgiris and...
CCI clears Patanjali 5 other entities’ proposal to acquire 98% stake in Magma Gen Insurance
Following the CCI approval, Patanjali Ayurved will assume the role of Magma General Insurance's promoter entity. This will further diversify Patanjali's portfolio, which currently focuses on healthcare and FMCG. New Delhi: The Competition Commission of India (CCI) has...
Sebi to review ESG disclosures for listed firms: Chairman
Tuhin Kanta Pandey, chairman, Sebi The review, which follows concerns raised by Indian industry on reporting requirements on environment, labour and other issues that it believes are onerous, could focus on easing disclosures for smaller firms, a source familiar with...
PB Fintech arm gets payment aggregator licence from RBI
The paid-up share capital of the proposed company will be Rs 27 crore New Delhi: PB Fintech, the parent entity of Policybazaar, on Tuesday said its subsidiary had secured payment aggregator licence from the RBI. Last year, the company had announced setting up a...
ICICI Lombard’s net profit slips 2% to Rs 510 crore in Q4FY 25
Sanjiv Mantri, MD &CEO, ICICI Lombard General Insurance. The insurer’s combined ratio was at 102.5 per cent in Q4 FY2025 as compared to 102.3 per cent in Q4 FY2024. Its underwriting losses have swelled up by 38 per cent year-on-year(Y-o-Y) to Rs 209 crore from Rs...
ICICI Pru Life’s net profit more than doubled to Rs 386 crore in Q4
ICICI Prudential's value of new business (VNB), or expected profit from new policies, rose 2.5 per cent to Rs 7.95 billion for the quarter, according to Reuters calculations. ICICI Prudential's VNB margins for the full year deteriorated to 22.8 per cent from 24.6 per...
India to see above-normal cumulative rainfall this monsoon, El Nino conditions unlikely, says IMD
El Nino conditions, associated with below-normal monsoon rainfall in the Indian subcontinent, are unlikely to develop this time, India Meteorological Department (IMD) chief Mrutyunjay Mohapatra said Parts of the country are already battling extreme heat and a...
Electric vehicle registrations rise 17 pc in FY25: SIAM
Total electric vehicle (EV) registrations in the country reached 1.97 million units in FY25 against 1.68 million units in FY2023-24, posting a growth of 17 per cent New Delhi: Electric vehicle registrations in the country increased 17 per cent to 19.7 lakh units last...
Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re
The Ministry of Finance has prohibited three PSU general insurers- Oriental Insurance Company , National Insurance Company and United India Insurance- from providing any capital to Bima Sugam as currently, they lack shareholders’ capital and they are not permitted use...