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NEW DELHI: India’s services sector engaged nearly 188 million workers in 2023-24, absorbing labour at scale and displaying resilience in the face of shocks such as the pandemic, a report by policy think tank Niti Aayog said on Tuesday and recommended a series of measures to boost quality jobs and usher in formalisation in the…
Life Insurance Corporation (LIC) of India NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate. “LIC categorically clarifies that the documents mentioned…
According to a new Macquarie Equity Research report, India’s data centre capacity is poised for massive expansion, set to double by 2027 based on under-construction capacity and may grow fivefold by 2030 if pipeline capacity is fast-tracked.The report titled ‘Racks to Riches: India Data Centres’, estimates that currently India has 1.4 GW of operational data…
NEW DELHI: The Cabinet Tuesday finalised the terms of reference and the appointment of three members of the Eighth Central Pay Commission, and tasked it with submitting its recommendations within 18 months. The panel will be headed by former Supreme Court judge Justice Ranjana Prakash Desai, with IIM-Bangalore professor Pulak Ghosh named a member and…
Gold prices plunged sharply on Tuesday, slipping below the $4,000-an-ounce mark in global markets and recording a fall of Rs 4,100 to Rs 1,21,800 per 10 grams in the national capital as easing US-China trade tensions reduced the metal’s safe-haven appeal.According to the All India Sarafa Association, gold had closed at Rs 1,25,900 per 10…
Piyush Goyal holds talks with EU Commissioner Maros Sefcovic on India-EU FTA negotiations The negotiating teams of India and the European Union are making significant progress on tariff-related issues, with an EU delegation set to visit New Delhi next week to further narrow gaps for an early conclusion of the proposed free trade agreement (FTA).Commerce…
MUMBAI: Air India Express on Tuesday unveiled its first retrofitted Boeing 737 aircraft featuring new interiors and upgraded seating as part of the airline’s ongoing fleet modernization drive. Speaking at an event held at the Mumbai airport, the airline’s Managing Director, Aloke Singh, said the airline plans to complete the retrofitting of 50 B737 MAX…
CHENNAI: Standalone retail health insurer Star Health and Allied Insurance Company on Tuesday reported a 50.7% drop in profit after tax (PAT) at Rs 54.9 crore for the quarter ended September 30, 2025, compared with Rs 111.3 crore in the corresponding quarter last year. Its gross written premium (GWP) rose marginally by 1.2% to Rs…
CHENNAI: Cholamandalam MS General Insurance Company (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, posted a 28.3% dip in Profit after Tax (PAT) at Rs 91 crore in the quarter ended Sept 30, 2025, against Rs 127 crore in the corresponding last year. Its Gross Written Premium…
India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…
