Following Axis Max Life Insurance's second-quarter results for 2025-26, Sumit Madan, managing director and chief executive officer of the company, speaks to Aathira Varier and Subrata Panda/Business Standard about growth aspirations, strategies to offset the impact of the input tax credit (ITC) withdrawal, reverse merger plans, and more.
'...yet struggles to convert that human capital into domestic productivity.'
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
'The natural barrier that is Aravalli, you are demolishing it, then who will stop the desert?' 'In future, I predict that people will roam around with oxygen cylinders in Delhi because they won't be able to breathe.'
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
'The move to appoint a person with a profile, markedly lower than the leader Nitin Nabin will replace, has the potential to put the brakes on the careers of several others in the party and government in the positions they currently hold,' points out Nilanjan Mukhopadhyay.
Sporadic violence erupts across Bangladesh as the nation awaits a special tribunal verdict against former Prime Minister Sheikh Hasina in a case of alleged crimes against humanity. Security is heightened, and authorities are on high alert.
Experts warn that a new government definition of the Aravali Hills, accepted by the Supreme Court, could lead to environmental degradation and expose Delhi and surrounding regions to harsher weather and drought conditions.
Part-I of this three-part series dives into Delhi-NCR's SPR, Sohna, Dwarka Expressway, and Jewar Airport leading the charge.
Sri Lanka stays with you not just in memory, but gently reminds you what a society can achieve when heart and heritage guide the way.
The Brihanmumbai Municipal Corporation (BMC) has issued stop-work notices to 53 construction sites for contributing to air pollution in Mumbai. The civic body has also directed strict adherence to air pollution guidelines, including the use of AQI monitoring sensors. The Bombay High Court has also addressed the issue of air pollution in the city.
Tata Steel on Wednesday reported a 272 per cent year-on-year (Y-o-Y) jump in consolidated net profit, attributable to owners, at Rs 3,101.75 crore in the second quarter of 2025-26 (Q2FY26) led by higher sales volumes in India and planned cost takeouts across geographies.
How the UN's flagship climate summit lost its direction and what's at stake.
Sri Lankan players currently touring Pakistan for a three-match ODI series want to return home due to security concerns following a deadly suicide attack in Islamabad but PCB chief Mohsin Naqvi claimed that the rubber will continue, albeit with a rejigged schedule.
If they act now, they can reshape the strategic map of Asia without firing a shot. If they wait, the next opportunity will come only after a serious Taiwan Strait incident -- by which time the price will be far higher, and the room for boldness far smaller -- the opportunity may well be lost by then. The question is no longer whether this can or should be done, points out Varun Arya.
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
To handle the sudden loss of cashless facility, patients should maintain an emergency fund or a short-term credit line to manage all or part of hospitalisation costs.
'Can a nuclear-armed nation sustain itself indefinitely under overt military rule without catastrophic consequences for itself and the region? History suggests otherwise.'
'Developers have started offering 70% to 100% extra area and beyond.' 'If the market cycle shifts -- as many are already predicting with signs of price saturation and reduction -- most recent redevelopment projects will unravel.'
If he cannot do it this term by using his bureaucracy and experts from different fields, it will be a tragedy, asserts Ramesh Menon.
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
The Supreme Court has directed chief secretaries of states and Union Territories (excluding West Bengal and Telangana) to appear on November 3 to explain the lack of compliance affidavits in the stray dogs case.
'Our vision is to innovate as many products as we can and solve as many problems as possible.'
Defence Procurement Manual 2025 lays down the guiding principles for revenue procurements in the defence ministry worth around 1 trillion in a financial year.
Delhi is preparing for its first artificial rain through cloud seeding to combat air pollution. A trial run was successful, and the first rainfall is expected on October 29 if weather conditions are favorable.
The Supreme Court has permitted the sale and bursting of green crackers in Delhi-NCR for Diwali, relaxing the ban on green firecrackers as a temporary measure from October 18 to 21. The court has asked pollution control boards to monitor pollution levels and file reports. The order also includes measures to prevent the sale of non-compliant crackers.
Online trucking platform BlackBuck co-founder & CEO Rajesh Yabaji on Tuesday said that the company has decided to move out of its current location at Bellandur on Bengaluru's Outer Ring Road (ORR), citing commuting and road infrastructure issues. The ORR, which is one of the IT corridors in the city, often witnesses traffic congestion.
'It is high time to recognise that this is the greatest issue India is confronting.' 'Even the BJP should be raising concerns because polluted air suffocates everybody's child.'
Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.
Several airlines, including Air India and IndiGo, have cancelled flights to and from Kathmandu due to the temporary closure of Tribhuvan International Airport amid anti-government protests. Passengers are advised to defer travel until the situation stabilizes.
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
NMIAL is spending close to Rs 18,000 crore to get the airport up and running.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
'They are positioned as defensive products and can potentially give marginally higher returns than liquid funds.'
'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'
The home ministry said the central government would continue to welcome the discussion with LAB and KDA through the high powered committee on Ladakh or any such platform.
'I can sanction projects worth Rs 20 trillion annually as of today.' 'But my system is only capable of executing projects worth Rs 3 trillion to Rs 4 trillion.'
Climate activist Sonam Wangchuk called off his hunger strike as protests for Ladakh statehood and Sixth Schedule extension turned violent. The BJP office was set on fire, vehicles were torched, and clashes erupted, leading to the imposition of prohibitory orders.
Yoga is normally linked with India and there are not many formal institutions in Pakistan to teach yoga. Though privately people like the physical part of yoga exercises.
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