The government on Tuesday introduced the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Parliament, but what could it mean for you? The Bill, already cleared by the Union Cabinet, aims to revolutionise India’s insurance sector, making coverage easier to access for all and setting the ambitious goal of universal protection by…
HAL is also the ‘Best All-round Wealth Creator’stock. (AI image) Hindustan Aeronautics or HAL has emerged as the most consistent and all-round wealth creator stock in the span of the last five years, according to a new report by Motilal Oswal Financial Services Limited. The defence Public Sector undertaking (PSU) stock has outperformed the Nifty…
Steve Cahillane to become CEO of KRaft Heinz, which currently in process of splitting (AP file photo) US-origin food MNC Kraft Heinz has tapped Steve Cahillane as the new CEO, effective January 1, 2026, as the company prepares for its division into two separate entities.He will subsequently lead the Global Taste Elevation Co., which will…
In a significant overhaul of retirement withdrawal norms, exiting the National Pension System (NPS) has become more flexible for non-government subscribers. Under amended rules notified by the Pension Fund Regulatory and Development Authority (PFRDA), eligible NPS members can now withdraw up to 80 per cent of their retirement corpus as a lump sum at the…
Image made with help of AI The Reserve Bank of India (RBI) has already moved from monthly to 15-day credit reporting from January 1, 2025. Now, it has issued draft rules that push the system further: by July 1, 2026, banks and NBFCs will have to update your credit data with bureaus every week.Here’s what…
The rupee on Tuesday slid to a fresh record low, breaching the 91-per-dollar mark for the first time during intra-day trade, before recovering partially to end 15 paise weaker at 90.93 against the US dollar, amid persistent foreign fund outflows and uncertainty over India–US trade negotiations.The domestic currency initially dropped as much as 36 paise…
MUMBAI: Mumbai: Axis Bank expects India’s economy to grow 7.5% in real terms in FY27 and is not unduly worried about recent weakness in the rupee, arguing that macro headwinds are easing and could turn into tailwinds next year.Presenting the bank’s outlook for 2026, Neelkanth Mishra, chief economist at Axis Bank, said India would remain…
Representative image made with AI Global Capability Centres (GCCs) are recruiting technology professionals at a rate four times faster than IT services companies, representing the most significant employment transformation in India’s IT sector in ten years.GCCs are increasing their workforce by 18-27% annually, whilst IT services grow at 4-6%, as per TeamLease Digital’s statistics, cited…
Warren Buffett’s lessons don’t just extend to markets and investment – they are often regarded as pearls of wisdom for dealing with life’s ups and downs. (AP file photo) Warren Buffett is known for many things – he is one of the richest persons in the world, a master of investment, the ‘Oracle of Omaha’,…
Aviation turbine fuel (ATF) sales declined by over 4 per cent in early December, driven by IndiGo‘s widespread flight cancellations, according to preliminary industry data released on Tuesday. The aviation sector in India had shown steady growth in jet fuel demand for two years following recovery from Covid-related disruptions. However, this pattern shifted when IndiGo…
