MUMBAI: Axis Bank has entered into an agreement with Max Financial Services to pursue a listing of their life insurance joint venture, Axis Max Life Insurance, by April 2027, potentially through a merger of Max Financial into the insurer. The agreement outlines a sequence of options to unlock value from the insurance business, with the…
Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day…
NEW DELHI: Amid reports of two cheetahs from Madhya Pradesh’s Kuno National Park (KNP) moving into Rajasthan’s Baran district, National Tiger Conservation Authority (NTCA) Sunday said this movement reinforces the strategic rationale for the proposed 17,000 sqkm Kuno–Gandhi Sagar inter-state wildlife corridor spanning seven districts of Rajasthan and eight of MP.Calling the inter-state movement a…
NEW DELHI: Railways has proposed two major amendments to its over a decade-old public private partnership (PPP) policy to bring greater certainty in recovery of private investment and reduce risk. The changes will include offering a 50-year concession period and railways taking the entire responsibility of land acquisition.Officials said the revised policy is crucial, considering…
NEW DELHI: India’s official statistical machinery is set to better its estimation of district domestic products (DDP), with the availability of more granular data in the new GDP series, statistics secretary Saurabh Garg told TOI.“We have given more focus on having more granular data in this series, so that state domestic products are captured much…
Every revolution eventually becomes the establishment. What began as crypto’s peer-to-peer challenge to the global financial order is rapidly being absorbed into the traditional fold, trading its anti-elite soul for the legitimacy of spot ETFs, institutional custody and the same banking frameworks it was built to bypass. This is a familiar arc. Throughout history, every…
DIMAPUR/SHILLONG: Opposition to Union home ministry’s directive on singing full six-stanza version of Vande Mataram has intensified in Christian-majority Nagaland and Meghalaya, triggering student protests, political objections and appeals to state govts.Several students and research scholars at Nagaland University boycotted singing the national song during the 8th convocation Friday. Videos on social media showed many…
Sustained gains in oil prices will likely benefit two of China’s petroleum giants, Goldman Sachs analysts said, following rising Middle East tensions. The Iran war has effectively halted shipping through the Strait of Hormuz over the past week. Typically, about 20% of global petroleum liquids flow through strait, primarily sending crude to Asian countries. The…
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…
Bitcoin’s BTC$66,920.47 recent tendency to move in step with U.S. equities does not erase its value as a portfolio diversifier. That’s according to financial services and infrastructure firm NYDIG. In a weekly market note, Greg Cipolaro, the company’s global head of research, said correlations between bitcoin and stock benchmarks such as the S&P 500, the…
