State-owned insurer Life Insurance Corporation of India (LIC) on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. The country's biggest insurer had earned a profit of Rs 13,763 crore in the corresponding quarter a year earlier.
Of the 22 crew members on board the ship, MV Wan Hai 503, 18 have abandoned the vessel and are being rescued by Indian Navy and Coast Guard assets, he said.
Billionaire industrialist Mukesh Ambani described his 2016 return to the telecom industry with Reliance Jio as the "biggest risk" of his life, saying that even if analysts' predictions of financial failure had come true, it would still have been worth it for the role it played in transforming India digitally.
In a move that could have implications for market share dynamics, the Securities and Exchange Board of India (Sebi) has permitted the National Stock Exchange (NSE) and the BSE to alter the days for settlement of equity derivatives contracts.
Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
The National Stock Exchange (NSE) has offered to pay Rs 1,388 crore to the Securities and Exchange Board of India (Sebi) to settle the colocation and dark fibre cases, potentially clearing the way for its much-awaited initial public offering (IPO). This is the biggest-ever settlement plea made with the markets regulator.
He said six people have been rescued so far, and a search operation is being conducted on a war footing as some people are swept away.
The celebrations are set to continue through the day. CMS also arranged a live AXIOM mission broadcast, a replica of the ISS Cupola module, a "Defy Gravity" photo booth, telescope viewings, and a simulated Mission Control Centre.
Can Shubman Gill and his men rewrite the script once more? The answer begins unrolling on July 23.
IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect, taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank.
The move is to align affordable housing finance flows to the increase in property costs and inflation, says Raghu Mohan.
Investors will be able to authenticate if the entity receiving the payment is a valid entity under the ambit of Sebi.
The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.
As a nothing-better-to-do weekend watch, Jurassic World Rebirth is fine. But the franchise is losing steam, observes Deepa Gahlot.
'...than by the calendar.' Indian travellers are no longer restricting their getaways to summer or winter holidays.
Only in the event of the RSS managing to force Modi into accepting a consensual candidate, will the party not continue to 'being' the 'next Congress', observes Nilanjan Mukhopadhyay.
As much as 60 per cent of all resolution plans under Insolvency and Bankruptcy Code (IBC) were approved in the last three years alone, with over 30,000 cases having an underlying default of Rs 13.8 trillion getting settled even before admission, according to data till December 2024 released by the Insolvency and Bankruptcy Board of India (IBBI).
Reliance Industries (RIL), India's largest conglomerate, is set to pivot into a deeptech and advanced manufacturing enterprise, chairman and managing director (CMD) Mukesh Ambani said. "In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Across five fiercely contested Tests, more than 7,000 runs were scored, including a record-equalling 21 individual centuries. Every match stretched into a gripping fifth day. The sun shone, the stands were full, and the cricket -- emotional, enthralling, and endlessly unpredictable -- captured imaginations around the world.
The truth about what triggered the fatal crash of the Dreamliner should not only help bring the guilty to book, but also outline the future course of action in aviation safety, notes Nivedita Mookerji.
The ECB had already barred transgender women from the top two tiers of women's cricket in England last year as well as the women's Hundred under its new transgender participation policy.
The Web portal of the Organiser, the RSS mouthpiece, published an article (withdrawn later) that the Christian community holds many acres of land, far more than Waqf property.'
HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.
Shruti Swaroop, founder of Embrace Consulting, tells you why Deepika Padukone's quiet protest should inspire you to understand your maternity benefits and plan your return to work with confidence, not compromise.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
RCB were set to play the Lucknow Super Giants the next day, May 9, the same day the IPL was officially suspended for a week due to rising military tensions.
The turnover of FMCG major Nestle India's has grown 2.5 folds to Rs 20,100 crore in last one decade, post the Maggi crisis in 2015, according to the company's latest annual report. At the time of crisis, Nestle India's turnover was at Rs 8,100 crore.
One can only sincerely wish the Dalai Lama a very long life at the service of world peace. His presence is much required today on the planet, notes Claude Arpi, who has known His Holiness for more than half a century.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
Reigning World champion D Gukesh finally got his revenge on Magnus Carlsen as he pounced on a blunder by the World No 1 to defeat him for the first time in a classical game.
'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
42 years of World Cup triumph: A Day that made Indian cricket what it is
The Travancore Devaswom Board (TDB) has decided to dissolve the advisory committee of a temple in the Kollam district where the RSS 'Gana Geetham' (prayer song) was sung during a musical concert.
rediffGURU Dr Ganesh Natarajan tells you how to upskill and upgrade yourself in order to future-proof your career.
The Indian government defended the Waqf (Amendment) Act, 2025 in the Supreme Court, arguing that waqf, while an Islamic concept, is not an essential part of Islam. Solicitor General Tushar Mehta stated that waqf is essentially charity, which is recognized across religions, and cannot be considered a fundamental tenet of any faith. He also argued that the amended law addresses secular aspects of waqf and activities unrelated to Islam, and that "waqf by user" does not grant ownership of public land. Mehta highlighted the extensive consultations involved in the bill's creation, including feedback from various stakeholders. The hearing will continue on Thursday.
'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'
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