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New Delhi, May 5 (IANS) India’s banking, financial services and insurance (BFSI) sector remains largely stable despite global economic uncertainty, while segments such as hospitality, aviation and logistics are more directly impacted by external shocks, Deepak Parekh, former Chairman of...
Seoul, May 5 (IANS) Samsung Electronics’ board chairman on Tuesday expressed concerns over the potential economic impact of a planned general strike by unionized workers and called for the dispute to be resolved through dialogue, the company said."As chairman of...
New Delhi, May 5 (IANS) The conflict between the United States and Iran has triggered a severe energy price shock through Pakistan’s economy which is in dire straits with rising inflation, dwindling foreign exchange reserves and a fast depreciating currency.According...
Mumbai, May 5 (IANS) Adani Group-backed Adani Electricity Mumbai Limited (AEML), in coordination with the Brihanmumbai Municipal Corporation (BMC), has illuminated a 2.5-km stretch of Gorai Beach that ended nearly three years of darkness along the popular shoreline.The beach stretch...
New Delhi, May 5 (IANS) Biocon founder Kiran Mazumdar-Shaw has named her niece Claire Mazumdar as her successor, outlining a formal succession plan for the biopharmaceutical company, a report said on Tuesday.In an interview with Fortune India, Mazumdar-Shaw (73) said...
New Delhi, May 5 (IANS) Billionaire entrepreneur Elon Musk has agreed to pay $1.5 million to settle a case with the US Securities and Exchange Commission (SEC) over delayed disclosure of his stake in Twitter, now known as X, according...
Mumbai, May 5 (IANS) Global crude oil prices declined sharply on Tuesday, falling up to 2 per cent despite a fresh escalation in West Asia, as the conflict entered its third month.The international oil benchmark Brent crude slipped 1.36 per...
New Delhi, May 5 (IANS) The policies of the companies should be oriented towards increasing overall insurance penetration and density, while ensuring retention of market share, said M. Nagaraju, Secretary, Department of Financial Services (DFS).He underscored the need to expand...
Mumbai, May 5 (IANS) Domestic equity markets on Tuesday traded sharply lower in the morning trade amid fresh jitters over escalating geopolitical tensions between the US and Iran.Sensex was trading at 76,745, down 0.67 per cent or 524 points in...
Seoul, May 5 (IANS) Unionised workers at Samsung Biologics, the biotech arm of Samsung Group, continued their first general strike for a fifth day on Tuesday, demanding higher wages and expanded performance-based compensation.The walkout began on Friday, with about 2,800...
Mumbai, May 4 (IANS) The Reserve Bank of India (RBI) has assigned newly appointed Deputy Governor Rohit Jain charge of several critical verticals, including the foreign exchange and fintech departments, as part of a broader portfolio allocation following his appointment.Jain,...
Mumbai, May 4 (IANS) Tata Chemicals Limited on Monday reported a sharp increase in its net loss for the fourth quarter of FY26, weighed down by a significant one-time cost during the period. The company posted a consolidated net loss...
