SBI Life has launched a term insurance plan called ‘SBI Life – Smart Shield Plus’, designed for consumer’s evolving insurance needs, the insurer said in a statement. Claiming to have some ‘future-ready features’, the term insurance plan comes with an increasing cover, whole life protection and optional benefits, it said. “This individual, non-linked, non-participating, pure
VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026.The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast
Regaal Resources IPO was subscribed 159.88 times on the final day of bidding on August 14. The issue received 335 crore bids for the offered 2.09 crore equity shares. Regaal Resources IPO’s Non-Institutional Investors portion was subscribed 356.73 times, receiving 160 crore bids for 44.9 lakh shares. The issue’s Qualified Institutional Buyer portion was subscribed
The Income Tax Bill 2025 passed in the Lok Sabha on Monday has brought great relief to government pensioners and many other taxpayers. The new bill clearly provides that the entire amount of commuted pension will be exempted from tax, provided this pension is received from an approved pension fund. Earlier this exemption was available
Suzlon Energy registered a 7.3 per cent YoY increase in its consolidated net profit in Q1 FY26. The company posted a profit of Rs 324.32 crore for the quarter. The company had posted a net profit of Rs 302.29 crore in the corresponding quarter last year Suzlon Energy’s total income rose to Rs 3,165.19 crore
The Indian stock market ended the day on a cautious note, with key indices closing in the red. The Sensex settled at 80,252.75, slipping by 0.44%, while the Nifty dropped to 24,487.40, down by 0.4%. The banking index, Nifty Bank, also followed the trend, closing at 55,043.70, lower by 0.84%. Let’s take a look at
The new Income Tax Bill, 2025 was passed in the Lok Sabha on Monday without debate. Earlier today, Finance Minister Nirmala Sitharaman reintroduced the Income-Tax (No 2) Bill in the Lok Sabha, days after it was withdrawn in the House to incorporate key recommendations of the Select Panel of the Lok Sabha. One more bill
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100% stake in Indamer Technics Private Limited (ITPL). Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
Quant Mutual Fund is all set to make a first entry into the new-asset class Specialised Investment Fund allowed by Sebi. Founder & CIO Sandeep Tandon tells Ananya Grover that investors should not look at it in isolation but as a combination with other mutual funds. Excerpts: How should an investor look at SIFs from
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
