Universal Sompo General Insurance reported 17% growth in its gross premiums to Rs 1,752 crore in the first four months of FY26, outpacing the industry’s 6.36% growth, despite a sluggish motor insurance market. MD & CEO Sharad Mathur tells Narayanan V about the key segments driving this momentum and the company’s strategy for sustaining it.
The Indian government implemented 20% ethanol blending in petrol earlier this year — making it available at fuel stations across the country. The move has been met with sharp resistance from vehicle owners, with many expressing concern about its impact on car performance. The oil ministry has also issued several clarifications in recent weeks as E20 gradually
The government has prepared a Rs 47,000 crore capital expenditure (capex) plan to bolster BSNL’s nationwide network, the Department of Telecommunications (DoT) said on Thursday. The investment will focus on expanding and upgrading 4G and 5G capabilities, modernising switching centers and transmission systems, improving last-mile connectivity and enhancing service quality for both urban and rural
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
IKEA has opened its first store in the national capital, a 15,000 sq ft space in west Delhi’s Pacific Mall, as the Swedish home-furnishings giant accelerates its push into high-footfall urban locations. ALSO READFrom Taj to Ginger: Inside Indian Hotels’ Rs 204 crore mid-scale play Part of a wider omnichannel push The move follows the
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
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
The government is considering further easing the norms for setting up petrol pumps in the world’s fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
The Indian equity market continues to underperform EM peers for the second straight week. The Nifty is stuck in a tight range below the 25,000 mark. The story is not very different if you track the Sensex, either. On a 12-month basis, the MSCI India Index is down 10% compared to the MSCI EM Index
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
