Category: Business

MUMBAI: Life Insurance Corporation of India on Monday approved a 1:1 bonus share issue, a move that will double its paid-up equity capital and is expected to improve stock liquidity and retail participation, while leaving its financial strength unchanged. The board, at its meeting on April 13, cleared the bonus on a record date to […]

MUMBAI: Nadir Godrej will step down as chair of Godrej Industries Group (GIG) on Aug 13 upon turning 75, moving to chairman emeritus. His nephew, Pirojsha Godrej (46), will take over as GIG chair in a planned generational transition. Valued at $20 billion, GIG spans FMCG, real estate, financial services, agriculture, and chemicals. It is […]

Bank branches will remain closed across most cities on April 14, 2026 on account of Ambedkar Jayanti, with the holiday observed under the RBI’s Negotiable Instruments Act calendar, while select locations will continue operations.Ambedkar Jayanti, which falls on a Tuesday this year, is a gazetted holiday marking the birth anniversary of Dr B.R. Ambedkar, the […]

What began as demands for a wage hike by factory workers escalated into violent clashes in Noida on Monday, exposing deep-rooted anger over pay disparities, working conditions and long-pending labour demands. As the workers’ strike continues to unfold, key questions are being raised about how the agitation spiralled into violence, the extent of its impact […]

Wall Street opened the week on a cautious note, with key indices slipping on Monday as the collapse of US-Iran peace talks over the weekend rekindled geopolitical concerns and clouded the outlook for equities.Dow Jones Industrial Average fell 356.14 points, or 0.72%, to 47,572.11, while the S&P 500 dropped 22.25 points, or 0.33%, to 6,794.64 […]

Iran said that it has “good contact” with India over the passage of ships from the Strait of Hormuz and wants to help New Delhi with navigation. It also denied charging toll for Indian tankers while transiting through the Strait of Hormuz.Iranian ambassador to India, Mohammad Fathali, in a press briefing, said that Iran and […]

Domestic stock exchanges NSE and BSE will remain closed for trading on Tuesday, April 14, on account of Dr Baba Saheb Ambedkar Jayanti, with activity across commodity markets also partially impacted.Equity markets, NSE and BSE, will remain closed for the entire day, halting trading in stocks, derivatives and equities-linked segments.Commodity markets will see a split […]

Iran’s currency has plunged sharply in the free market, with rates hovering around 15,69,410–15,80,000 Rial per US dollar, underlining deepening stress in an economy battered by war, sanctions and internal disruption, according to Bonbast data.Average rates stood at 156,9410 (sell) and 15,68,410 (buy), with extremes ranging between 14, 64,500 and 17,20,500 Rial, signalling heightened volatility […]

From a planning perspective, the corridor has been structured into four phases The initial 31.6 km stretch from Akshardham to Khekra, close to the Eastern Peripheral Expressway, is primarily a brownfield segment, where the existing route has been transformed into a six-lane elevated road along with a parallel service lane. The second phase, covering 120 […]

Bengaluru: IPO-bound Flipkart Group on Monday announced a leadership change at Myntra, naming Sharon Pais as the head of the fashion e-tailer with immediate effect, while current chief executive Nandita Sinha moves on from the company.Sinha will continue to support the business over the coming months to ensure continuity, the company said.Pais will report to […]