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MUMBAI: Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships. The transaction will strengthen Federal Bank’s retail strategy with a sharper push in the non-co-branded segment. and provide access to a seasoned, high-quality customer base. The…
The corporate world rarely loosens its grip on formals, think crisp linen shirts, sharp tailoring, and neatly put-together office wear. But Tokyo’s workforce may have found an escape. In a bid to beat the heat and cut back on electricity use, the metropolitan government is now letting its employees clock in wearing shorts, as rising…
MUMBAI: The life insurance industry recorded a 15.7% expansion in new business premiums during FY26, as the sector navigated a landscape defined by diverging growth strategies across individual and group segments. Total premiums across the industry climbed to Rs 4.6 lakh crore from close to Rs 4 lakh crore in FY25. This momentum highlights a…
NEW DELHI: Justice B V Nagarathna, part of the CJI Surya Kant-led nine-judge Supreme Court bench hearing the core issue of ‘fundamental rights vs faith and belief’, on Tuesday observed that a person who doesn’t believe in a religion and its religious practices had no right to file petitions challenging their validity.As senior advocate V…
NEW DELHI: The price of commercial LPG cylinders rose by over 10% on Wednesday, from Rs 1,883 to Rs 2,078 in the national capital, reflecting the surge in global gas prices amid the military conflict in energy-rich West Asia.The 19-kg LPG cylinder is largely used by industries and eateries, and domestic consumers, who use 14.2-kg…
A realtor from Bengaluru Rural was kidnapped and murdered, his body discovered in Tamil Nadu BENGALURU: A realtor from Anekal in Bengaluru Rural district was allegedly kidnapped Sunday evening and later murdered, with his body found dumped near Denkanikottai in Tamil Nadu Monday morning.The victim, identified as Gopal, was travelling in his car with his…
CHENNAI: India’s solar exporters face a severe jolt after the US commerce department proposed countervailing duties of 125.9% on crystalline silicon photovoltaic cells from India, citing alleged subsidies. The preliminary finding covers shipments to the US, which absorbs more than 95% of India’s solar cell and module exports.The duty is likely to wipe out the…
MUMBAI: Navigating twin disruptions – intensifying geopolitical uncertainty and the rapid rise of AI-native competitors – India’s technology industry is leaning on its strengths of scale, engineering depth and delivery resilience. Despite AI-led disruption that rattled stock prices, India’s tech sector is on track to grow 6.1% to $315 billion in FY26, according to Nasscom.The…
Against the backdrop of global challenges and heightened uncertainty, the Survey has backed reforms, including regulatory entities, and called for “creating a cadre of professionals”, who are adept in regulatory design and implementation, to improve the ease of doing business.“Policy reforms do matter. Process reforms arguably more so. Processes define the interaction between govt and…
MUMBAI: Adani Group, India’s fifth-largest conglomerate by market value, intends to bid for nearly a dozen airports slated for privatisation as part of its Rs 1-lakh-crore investment plan for aviation infrastructure over the next five years. Earlier this year, govt announced plans to lease out 11 airports, including those in Amritsar and Varanasi.“Out of the…
