MUMBAI: Improving chances of talks between Iran and US to end the war in the Persian Gulf region pulled down crude prices and lifted investor sentiment globally on Monday. The rub-off effect on Dalal Street helped sensex close 544 points or 0.7% up at 78,639 points, a more than three-month high level. The day’s closing…
NEW DELHI: Former British Airways CEO Willie Walsh Monday assumed charge as the CEO of IndiGo, a day before the airline turns 20. With over four decades of global aviation leadership experience, Walsh will work closely with the board and the management team to build on IndiGo’s operational foundations while advancing its strategic ambitions. tnn…
MUMBAI: The chief of LIC Housing Finance, the largest home loan company in India, has called for capping of interest rates on loans in the affordable housing segment stating that nothing about some of the rates being charged in this segment is affordable. MD and CEO Tribhuwan Adhikari said some housing finance companies are charging…
Protecting new online shoppers from AI scams is India’s next e-commerce challenge. NEW DELHI: India’s next big e-commerce challenge is not artificial intelligence itself but protecting millions of first-time online shoppers from AI-powered scams, according to Amazon’s global trust and safety chief, who said consumer awareness has become as critical as technology in tackling digital…
NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce further amendments to tax laws going beyond the Ordinance offering concessions to overseas investors putting money in govt bonds.According to the bill that has been circulated, it has been proposed to replace the broad reference to “electronic goods” with a defined list of “specified electronic…
CHENNAI: Flagging that “free is the most expensive word in public policy”, chief economic adviser (CEA) Anantha Nageswaran said infrastructure built on the promise of free or below-cost services cannot attract patient capital. “What makes infrastructure worthy of patient capital? There are three conditions: quality infrastructure, contract certainty, and policy certainty. And the fourth, which…
MUMBAI: ICICI Lombard has introduced a new add-on to its motor insurance cover that assists the insured during the legal process following an accident. It has separately launched an industry-first roadside assistance programme with 30 minute response time across India including for battery charging and vehicle towing. TNN Source link
NEW DELHI: An anti-dumping probe initiated recently into dialyser (renal care) imports from China and Malaysia has put the spotlight on growing concerns over low-priced medical device imports, particularly in segments where India has built significant manufacturing capacity.Imports from Asean increased by 14% to nearly Rs 13,000 crore FY25-26, led by syringes, medical gloves, dialysis…
This divestment aims to meet minimum public shareholding norms ahead of schedule. MUMBAI/NEW DELHI: The govt is selling up to 6.5% in LIC, currently worth nearly Rs 35,000 crore ($3.7 billion) through the offer for sale (OFS) route that will be launched on Tuesday and close on Wednesday. The base offer is for 2.5% of…
Pakistan’s Mohammad Amir, second left, celebrates with teammates after the dismissal (File photo) Mohammad Amir‘s new British citizenship could create a fresh complication for the Pakistan fast bowler ahead of the 2027 Pakistan Super League (PSL). Although Amir played as a domestic cricketer in the PSL until last season, he is now expected to be…