Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
'Salman's bad phase is going on for the last five-six years.'
The top three mutual funds (MFs) paid out 10-18 per cent higher commissions to distributors during the financial year 2022-23 (FY23) compared to FY22 as a sustained rise in flows from the systematic investment plan (SIP) route boosted distributors' share in the assets under management (AUM), according to an analysis of the disclosures by the top three fund houses. State Bank of India (SBI) MF saw its commission payout go up 18 per cent year-on-year (YoY) to Rs 1,675 crore. The payouts rose 10 per cent and 15 per cent for ICICI Prudential MF and HDFC MF, respectively.
Tata Steel's consolidated net profit more than doubled to Rs 2,007.36 crore during the June quarter, on account of "increase in net steel realisations and the planned cost-takeouts" across geographies. The Tata Group entity had posted a net profit of Rs 918.57 crore in the year-ago period.
'I make films which I think have the possibility of being liked by a majority of people, and you present it with the right emotions.'
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
The Securities and Exchange Board of India (Sebi) on Monday proposed relaxations for asset management companies (AMCs) to serve pooled non-broad-based funds, giving an opportunity to fund houses to expand their business.
Fair trade regulator CCI on Tuesday cleared Bajaj Group's proposed acquisition of a 26 per cent stake each in its insurance joint ventures, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, from its partner Allianz SE for a total of Rs 24,180 crore. "The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release.
Let actor Kamal Haasan go to court, but no theatres in Karnataka will screen Thug Life, Karnataka Film Chamber of Commerce president M Narasimhalu said on Monday.
'Even if I had the backing of a big corporate house, which I don't, in today's market, I wouldn't want the responsibility of making a Rs 300 crore-Rs 400 crore film.'
The move comes in response to the Karnataka Film Chamber of Commerce's (KFCC) recent announcement that it would not permit the screening of the film in Karnataka unless Haasan issues a public apology for his comment suggesting that Kannada evolved from Tamil.
Police said they have made five arrests in the incident. Those arrested have been identified as Prabhjit Singh, the main accused, Kulbir Singh, Sahib Singh, Gurjant Singh and Ninder Kaur, they said.
The share of investments held by the top 10 investors across smallcap mutual fund schemes has been on a decline, falling to a 14-month low in March 2025, shows an analysis of data from the Association of Mutual Funds in India (Amfi). The median smallcap scheme has 2.03 per cent of its investments coming from the top 10 investors, compared to 2.43 per cent a year ago.
Amid a storm surrounding his collaboration with Pakistani actress Hania Aamir, singer-actor Diljit Dosanjh has taken to social media with a cryptic message.
N Chandrasekaran, chairman of Tata Consumer Products, has said in the company's annual report for FY25 that India remains one of the bright spots of economic growth amid a volatile global environment. He said India's long-term growth was underpinned by strong demographic and economic fundamentals as well as structural reforms.
'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'
'We've maintained that India is a high-penetration game. It's not only a premiumisation game.'
Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.
In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. According to the CBIC, vouchers can be categorised into two types.
FMCG distributors on Thursday said it has suspended their boycott of certain products of oral care maker Colgate after talks with the company representatives over the issue of the price disparity between the traditional distributors and organised business-to-business channel. A day after a virtual meeting with Colgate-Palmolive (India) Ltd (CPIL) representatives, the All India Consumer Products Distributors Federation (AICPDF) called off its stir to boycott certain products of the company starting from January 1, 2022. "From today, the movement against Colgate is postponed till further notice," the AICPDF said in a statement.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Start your journey to financial freedom today. Ask your questions and let our experts show you the way to a secure and prosperous future.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Life insurers shifted their focus to selling high-value policies in October as the transition to new surrender value norms, effective October 1, limited their ability to roll out all products in their portfolio. This led to a 40 per cent year-on-year (Y-o-Y) drop in the number of policies sold in October. Additionally, distributors engaged in a fire sale of policies in September due to uncertainty about the impact of the new norms on their commission structures.
Indian drugmakers supply 47 per cent of the generic medicine requirements in the US, and tariffs would have increased prices in the US domestic market for patients, who are already dealing with drug shortages.
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
'Aamir Khan and Salman Khan were already very busy. Then, Raveena Tandon and Karisma Kapoor started signing more films, Paresh Rawalji also got busy... 'Rajkumar Santoshiji got offered Damini he was very excited about it. He told dad that since her dates were available, let me do this film quickly. But aisa hota toh nahin. That film also took time. 'So sabke dates ka problem ho gaya, including the director's.'
Colgate-Palmolive India (Colgate India) on Wednesday met distributors' body to sort out the issue of price parity between the traditional trade and organised distributors, which are present offline as well as online. These companies include Jiomart, Booker, Udaan and Elastic Run. Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra.
Archie Comics has released a new story featuring the celebration of Holi in India. The 10-page story, titled "Celebration Surprise," appears in "The World of Betty & Veronica digest #38." Co-CEO of Archie Comic Publications Nancy Silberkleit said the story was inspired by her own experiences celebrating Holi in India and her desire to celebrate Om Arora, the owner of Delhi-based Variety Book Depot, who has been a long-time distributor of Archie Comics in India.
'Prior to release, we heard only exemplary things about the film, so the failure came as a complete shock to my father.'
Sean Baker broke a record by winning four Oscars just himself for Anora: Best Picture, Best Director, Best Editing and Best Original Screenplay.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
A CAG report has found that the 2021-22 Delhi excise policy created risks of monopolies and brand pushing by an "exclusive arrangement" between a few wholesalers and manufacturers. The report highlights that three wholesalers controlled over 71% of the total liquor supply chain in the city, with just 25 brands accounting for nearly 70% of total liquor sales. The report also criticized the formation of retail zones with a minimum of 27 wards in each zone, which limited the number of total licensees and increased the risk of monopolization and cartel formation.
After trying to make a dent in the cola market with Campa by offering higher trade margins to the supply chain, Reliance Consumer Products is betting on the same strategy to capture the chips, namkeen, and biscuits market in the country's booming snacks sector.
The Lilavati Kirtilal Mehta Medical Trust (LKMMT), which runs Mumbai's Lilavati Hospital, has accused its former trustees and related individuals of misappropriating over Rs 1,500 crore. The trust has filed complaints with the Enforcement Directorate (ED) and the Bandra Police Station, alleging that the misappropriation, uncovered during a forensic audit, has impacted the trust's operations and healthcare services. The trust has also claimed that black magic was performed in the hospital premises by former trustees and related individuals. The Bandra Magistrate Court has ordered an inquiry against these individuals. The current trustees have identified large-scale irregularities in the hospital management body's affairs and appointed forensic auditors who found that over Rs 1,500 crore has been siphoned and misappropriated by the former trustees. The Mumbai police's Economic Offences Wing (EOW) has initiated a probe into an alleged cheating case of Rs 85 crore registered against three former trustees of the hospital.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
The Bachchan family have this knack of going out of their way to make you feel extremely comfortable.
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