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
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…
The Centre has once again revised the windfall tax on fuel exports, raising duties on petrol, diesel and aviation turbine fuel (ATF) for the next fortnight while keeping domestic fuel duties unchanged.According to a finance ministry notification, the revised special additional excise duty (SAED) will come into force from August 3.The SAED on diesel exports…
FSSAI cracks down on liquor brands over flavouring and misleading claims NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) has initiated enforcement action against several alcoholic beverage manufacturers, including makers of Old Monk, McDowell’s, Bagpiper, Antiquity Blue, Royal Challenge over the alleged use of non-permitted flavouring practices and misleading age-related claims, saying…
Gold has shown signs of stabilising after a prolonged corrective phase, with prices rebounding from recent lows and moving back above the 20-day average. Gold price prediction today: Gold prices are showing signs of stabilising after a prolonged phase of correction, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices…
BENGALURU: Tata Trusts chairman Noel Tata on Sunday questioned restrictions on for-profit education, saying they discouraged investment in a sector where India needs far more quality colleges and universities.Speaking at IIMBue, an IIM Bangalore alumni meet in Bengaluru, Tata said only a small fraction of students secure admission to the country’s top institutions, forcing many…
China’s share in India’s foreign direct investment (FDI) approvals remained largely negligible in 2025-26, with the government approving just one proposal worth Rs 1 crore during the year. In comparison, 13 proposals from Hong Kong, together worth Rs 610.42 crore, received approval, according to official data. These approvals fall under India’s investment screening rules for…
Months of turmoil in the Middle East have wrecked global energy supplies, forcing countries to rethink their energy security strategies. India, however, is looking inward. Rather than relying more heavily on imports, the government is betting on finding more oil and gas beneath its own seas by sharing the financial risks of deepwater exploration, an…
Final minutes of the trading day are set to change from Monday, August 3, as the Securities and Exchange Board of India (Sebi) is introducing a new Closing Auction Session for F&O-eligible stocks and extending trading hours for the equity derivatives segment.The new framework brings a different end-of-day routine for traders, especially those in F&O-eligible…
Foreign portfolio investors (FPIs) made their comeback to Indian equities in July after staying away for four consecutive months, emerging as net buyers with investments worth Rs 20,200 crore. Attractive valuations, improving corporate earnings and a better global investment environment helped bring foreign investors back.According to data from the Central Depository Services (India) Ltd (CDSL),…