Business Economy

New India Assurance reports record Rs 43,618 cr GWP in FY25

20 May 2025 | 12:13 AM

Mumbai, May 19 (UNI) The New India Assurance Company Ltd (NIACL), India’s largest general insurer by market share, on Monday announced its financial results for the fourth quarter and full fiscal year ending March 31, 2025, registering an all-time....

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NLCIL logs record ₹2,713 crore profit in FY25

19 May 2025 | 11:32 PM

Neyveli, May 19 (UNI) NLC India Limited (NLCIL) has posted its highest-ever Profit After Tax (PAT) of Rs 2,713.61 crore for the financial year 2024-25, marking a stellar year of financial and operational achievements across mining, power generation,....

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SEBI asks Choksi to pay Rs 2.10 cr for insider trading breach

19 May 2025 | 9:49 PM

Mumbai, May 19 (UNI) The Securities and Exchange Board of India (SEBI) has issued a notice to fugitive diamond trader Mehul Choksi, asking him to pay Rs 2.10 crore in fines and recovery costs. SEBI has warned that if he fails to pay within 15 days,....

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Rasna acquires RTD brand Jumpin for Rs 350 crore

19 May 2025 | 9:22 PM

Mumbai, May 19 (UNI) Rasna Pvt Ltd, the world's largest manufacturer of instant beverages, has made a significant foray into India's fast-growing ready-to-drink (RTD) segment through the acquisition of the iconic beverage brand Jumpin, independently....

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Nissan Motor India remains committed to its India operations, dealers, partners, and customers

19 May 2025 | 8:29 PM

Kolkata, May 19 (UNI) Auto giant Nissan Motor India on Monday said the company remains committed to its India operations, dealers, partners, and customers.
" As a policy, we do not comment on speculative reports. Nissan remains committed to its....

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THINK Gas expands LNG footprint with strategic launch of 6 new dispensing stations

19 May 2025 | 7:39 PM

Hyderabad, May 19 (UNI) THINK Gas, India’s leading City Gas Distribution (CGD) company, is accelerating country’s transition towards low-emission transport for long-haul heavy duty truck mobility with the strategic rollout of 3 (three) new LNG....

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Daikin opens new office, experience centre in Chennai

19 May 2025 | 7:01 PM

Chennai, May 19 (UNI) Daikin Air-conditioning India Pvt. Ltd. (DAIPL), a wholly owned subsidiary of Daikin Industries Ltd., Japan, and the market leader in India’s air-conditioning industry, on Monday inaugurated its new regional office and....

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Hyundai introduces new ‘Magna Executive’ Variant in i20 line-up

19 May 2025 | 6:54 PM

Chennai, May 19 (UNI) Passenger car makers Hyundai Motor India Limited (HMIL)
on Monday announced the introduction of ‘Magna Executive’ variant in its premium
hatchback i20 at an attractive price of Rs 7 50 900 (ex-showroom).
This....

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Rupee strengthens by 11 paise against USD

Rupee strengthens by 11 paise against USD

19 May 2025 | 6:10 PM

Mumbai, May 19 (UNI) The rupee on Monday gained further by 11 paise to close positive at 85.40 against US Dollar on brisk sell-off of the greenback by foreign bankers and importers, dealers at the Forex Market said.
The domestic unit that....

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AI revolution threatens software jobs: Zoho CEO

19 May 2025 | 5:28 PM

Bengaluru, May 19 (UNI) In a candid and cautionary message, Zoho Corporation CEO Sridhar Vembu has warned that the next wave of technological disruption, driven by artificial intelligence and automation tools, could significantly erode employment....

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Coal India to file DRHP for BCCL, CMPDI IPOs soon: Official

19 May 2025 | 5:20 PM

New Delhi, May 19 (UNI) State-run Coal India Ltd (CIL) will soon file draft red herring prospectuses (DRHPs) for the initial public offerings (IPOs) of two of its subsidiaries - Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design....

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Rupee strengthens 11 paise against USD

19 May 2025 | 5:15 PM

Mumbai, May 19 (UNI) The Rupee on Monday gained further by 11 paise to close at 85.40 against USD on brisk selling of US Dollar from foreign banks and importers, dealers at the Forex Market said.
The domestic unit that fell by 8 paise at 85.59....

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Myntra targets diaspora in overseas push

19 May 2025 | 4:56 PM

Bengaluru, May 19 (UNI) In a significant step towards global expansion, Indian fashion e-commerce platform Myntra on Monday announced the launch of its international shipping operations, beginning with Singapore. The company aims to reach 12–15 per....

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Raj Kumar steps down from IDBI Bank board

19 May 2025 | 4:55 PM

Mumbai, May 19 (UNI) IDBI Bank Ltd on Monday announced that Raj Kumar has ceased to be the LIC Nominee Director on its Board with effect from May 18 upon completion of his term.
In a regulatory filing, the bank stated, "Raj Kumar has ceased to....

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