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IndiGo appoints Vikram Singh Mehta as its new chairman

IndiGo, India’s leading airline, has appointed Vikram Singh Mehta as the new Chairman of its Board. Mehta has been part of IndiGo’s Board since May 2022 and now takes over from Dr. Venkataramani Sumantran. Dr. Sumantran has completed his five-year term as a Board member and stepped down as Chairman. He took charge in May

Private health insurers struggling, expected to grow only 13-14% in next 10 years

India’s health insurance sector is evolving, and with the increasing penetration of the government health insurance schemes and competition from the new entrants, the traditional standalone health insurers are having a tough time in terms of growth and profitability.  According to an Elara Capital report, due to the limited total addressable market in India, the

Auto components sector to post revenue growth of 7-9% in FY26 riding on 2Ws and PVs, says Crisil

India’s automotive component sector is expected to post a revenue growth of 7-9 per cent this fiscal, mirroring the previous fiscal, stated a report by Crisil Ratings. The growth, it added, will be driven by sustained demand momentum from two segments – two-wheelers (2Ws) and passenger vehicles (PVs), especially utility vehicles, which account for nearly

Zydus Life Q4 Results: Profit drops marginally to Rs 1,170.90 crore; final dividend of Rs 11 announced 

Zydus Lifesciences Ltd on Tuesday released its fiscal fourth quarter earnings with profit at Rs 1170.90 crore, missing estimates. This was marginally  lower than Rs 1182.30 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 6527.90 crore, up 17.96 per cent as against Rs 5533.80 crore reported during the

SC dismisses Vodafone Idea, Bharti Airtel petition on AGR relief; calls it  ‘shocking’, deems it ‘misconceived’

The Supreme Court of India on Monday dismissed the writ petition by telecom major Vodafone Idea and Bharti Airtel seeking exemption of interest on Adjusted Gross Revenue (AGR) dues, a report by CNBC TV18 confirmed. A bench led by Justice JB Pardiwala called the petition ‘shocking’ and deemed it ‘misconceived’. The telecom giants had filed

Times Rich List 2025: Hinduja family dominates UK rich list for 4th year running

The Hinduja family, led by Gopichand Hinduja, Chairman of the 110-year-old multinational Hinduja Group, has once again secured the top spot on The Sunday Times Rich List, with a reported net worth of £35.3 billion. This marks the fourth consecutive year the UK-based family has led the definitive annual ranking of the wealthiest individuals and

Urban Company junks plan to go solo in global markets

Urban Company is rethinking its approach to international growth by moving away from its earlier strategy of building operations independently in foreign markets. The home services provider, which is preparing for a Rs 1,900-crore initial public offering (IPO), is now focusing on partnerships and platform integrations to sustain its presence outside India. The company had

In high spirits: Alcobev makers set to grow 8-10% on higher demand, premium products

The alcoholic beverage companies are set to see an 8 to 10 percent growth in their revenue in the financial year 2026, says a report by Crisil Ratings. While the companies’ revenue is expected to show good growth, profits remain a concern. In the past three years, the alcobev industry revenue has grown at a
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Retirement corpus: What will be the real value of Rs 1 crore after 30 years? Know the harsh truth

In today’s fast-paced world, planning for retirement is crucial for everyone, especially for those in their 20s and 30s who’ve just begun their financial journey. For many, the figure of Rs 1 crore has long symbolised financial success. From childhood, we’ve heard that becoming a “crorepati” means you’ve made it. But in the world of

ASISA partners with HCL Tech to boost digital transformation in Iberia

Spanish health insurance provider ASISA has joined hands with global technology company HCL Tech to accelerate its digital transformation and business expansion across the Iberian region. With this strategic partnership, ASISA aims to improve digital services and overall customer experience for its 2.2 million policyholders. HCL Tech will modernize ASISA’s IT platforms and use artificial

SEBI approves NSE request for Tuesday Expiry

The Securities and Exchange Board of India (SEBI) approved the National Stock Exchange’s (NSE) request to change the weekly expiry day of Equity Derivatives Contracts from Thursday to Tuesday, says a Reuters report.   » Read More

SBI cuts savings account, FD rates

State Bank of India (SBI) has reduced its savings bank account interest rate to 2.5% for all account balances, effective June 15. This change follows a 50 basis point reduction in the repo rate by the Reserve Bank of India (RBI) last week. Last time SBI cut savings bank rates was on October 15, 2022

IREL enters rare earth magnet production: Know about this non-listed Maharatna PSU

In a bid to safeguard rare earth supplies for domestic needs amid growing crisis as a result of the Chinese supply curbs, India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan. Given the global uncertainty, the focus has shifted on IREL in the Indian context.  Let’s take