The Government has appointed LIC Managing Director Sat Pal Bhanoo to the role of CEO and MD for three months starting Sunday. The announcement came hours after Siddhartha Mohanty completed his tenure at the helm and efforts remain to secure a more permanent replacement. The instructions were conveyed to the Life Insurance Corporation of India
The Institute of Chartered Accountants of India (ICAI) is set to suggest names of the chartered accountant (CA) firms to National Bank for Agriculture and Rural Development (NABARD) for appointment/re-appointment as statutory auditors of State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) for FY26. A senior official told FE that the applications of the
The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their
NTT Global Data Centres, a subsidiary of Japanese IT infrastructure and service company NTT Data, has purchased a land parcel for Rs 855 crore in Mumbai. The company bought the property from the Bollywood actor Jeetendra Kapoor and his family in Mumbai’s suburban region in Andheri. ALSO READGarden Reach Shipbuilders expands offshore capabilities: Inks multiple
Mumbai has emerged as the hub of the country’s most influential women leaders. The city is home to the majority of the Candere Hurun India Women Leaders list for 2025. Of the 97 most influential women leaders selected in the list, 38 hail from Mumbai. ALSO READHurun honours women leaders of India: Shanti Ekambaram, Radha
Man Industries will raise Rs 300 crore through a preferential allotment of convertible warrants and equity shares. The company has scheduled an Extraordinary General Meeting (EGM) on June 25 to get the necessary approvals from investors. ALSO READVodafone Idea not out of woods yet: Can the latest fund raising spur a revival? As per the
US President Donald Trump increased the tariffs on steel and aluminium, and the increased 50 percent tariffs would be effective from June 4. The increase in tariffs on steel and aluminium could have a major impact on Indian companies, as India exports about $4.6 billion worth of iron, steel, and aluminium products every year to
The board of beleaguered telco Vodafone Idea (Vi) has approved another round of fund raise amounting to Rs 20,000 crore, while the operator’s net loss widened sequentially in the March quarter. In an exchange filing late on Friday night, Vi informed the exchanges that subject to shareholder approval and/or other requisite regulatory/statutory approvals, the firm
8th Pay Commission latest update: In a relief for over 1 crore central government employees and pensioners, the Centre has said it is “actively consulting” state governments on the 8th Pay Commission matter and an announcement can be expected soon with regard to the constitution of the panel. A delegation from the Government Employees National
The ministry of heavy industries (MHI) has proposed a Rs 13,000-crore incentive scheme for the construction equipment sector with the aim of strengthening domestic manufacturing and reducing import dependence. The scheme is under discussion with key ministries and is expected to be taken up for Cabinet approval in the coming months, officials told Fe. ALSO
Indian equity benchmarks closed Monday’s session on a positive note. However, the benchmarks gave up the intra-day gains during closing. The Nifty 50 closed the session 32 points or 0.13% higher at 24,773, and the Sensex surged 75 points or 0.09% to end at 80,787. Similarly, the Nifty Bank was in line with the overall
Individuals should consider investing in flexi-cap funds as they are more resilient in volatile markets. The flexibility of fund managers to allocate money across market capitalisation helps them to generate alpha consistently in these funds. The appeal of flexi-cap funds is growing. In the first half of this year, about Rs 31,500 crore has flowed
India Inc’s revenue growth is expected to improve by 100-200 basis points in FY26 compared with FY25 as the government’s GST rationalisation feeds into consumption, according to analysts and brokerages. Revenue growth for FY25 was around 5%. With GST cuts taking effect from September 22, brokerages including Motilal Oswal, JM Financial and Kotak now peg
