Lokpal gives clean chit to former SEBI chief Madhabi Puri Buch over Hindenburg allegations

Anti-corruption ombudsman Lokpal on Wednesday disposed of complaints alleging impropriety and conflict of interest against former SEBI chief Madhabi Puri Buch based on a Hindenburg Research report, terming the charges as “presumptions and assumptions” not supported by any verifiable material.

TCS CEO Krithivasan’s compensation rises 4.6 pc to Rs 26.52 cr in FY25

K Krithivasan, the chief executive and managing director of India’s largest IT services company TCS, took home a remuneration of Rs 26.52 crore in FY25. IMAGE: Krithi Krithivasan, MD and CEO, TCS. Illustration: Dominic Xavier/Rediff The CEO’s remuneration package increased

Jio Financial gets Sebi nod for mutual fund business

Jio BlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock, has received regulatory approval from the capital market regulator Sebi to commence operations as an investment manager for its mutual fund

LIC Q4 profit jumps 38% to Rs 19,013 cr

State-owned insurer Life Insurance Corporation of India (LIC) on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. Illustration: Dominic Xavier/Rediff The country’s biggest

Income tax return filing deadline extended to September 15

The income tax department on Tuesday extended the due date for filing ITRs for Assessment Year (AY) 2025-26 to September 15 from July 31. Photograph: Kind courtesy Nataliya Vaitkevich/Pexels.com The extension applies to individuals, HUFs and entities who do not

LIC beats Street estimates; NMDC revenue grows 8% YoY

Q4 Results Live Updates: Companies like Life Insurance Corporation of India, Bharat Dynamics, Kalyani Forge, AJAX Engineering, Gujarat Fluorochemicals, Gala Precision Engineering, Hindustan Copper, NMDC, Bartronics India, Bosch, Zinka Logistics Solutions, EID Parry India, Carraro India, DCX Systems, Dee Development

Wall Street today: US stocks rise after Trump pauses tariffs on EU

Wall Street’s key stock indices opened higher on Tuesday after US President Donald Trump dialed back his threat of tariffs on European Union imports. At the opening bell, the Dow Jones Industrial Average rose 246.0 points, or 0.59%, to 41849.04.

Nepalese tea takes the flavour out of Darjeeling tea

Competition from Nepalese teas — which has duty free access to the Indian market — has emerged as a lower-cost alternative to Darjeeling tea, challenging its viability. IMAGE: A tea estate in Darjeeling. Photograph: Rupak De Chowdhuri/Reuters Two years after

India 4th largest economy? Not yet but soon, says NITI member

NITI Aayog member Arvind Virmani on Monday said India is set to become the fourth largest economy in the world by the end of 2025, an assertion which came days after NITI CEO BVR Subrahmanyam claimed India has already overtaken

Paint major Berger’s palette finds contrast in a washed-out quarter

Listed paint majors posted another lacklustre showing in the January–March quarter (Q4) of 2024–25 (FY25), with average revenue growth under 3 per cent. Photograph: Courtesy, Berger Paints Sales were weighed down by Asian Paints — the market leader and the