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

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

US trade officials may visit India in coming weeks

A team of US officials is expected to visit India in the coming weeks for the next round of discussions on the proposed interim trade agreement between the two countries, sources said. Illustration: Uttam Ghosh/Rediff The visit gains importance as

ED seizes Rs 1.70 cr cash, documents in raids against Jaypee Infra, others

The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other entities in an alleged homebuyers’ fraud case linked

Debadatta Chand: ‘Bank Of Baroda Is Well Capitalised’

‘Bank has enabling provision to raise capital up to Rs 7,500 crore over a longer period of time.’ Photograph: Adnan Abidi/Reuters “Profitability would be sustained this year as we expect improvement in net interest income,” Debadatta Chand, MD and CEO,

Four IPOs worth Rs 6600 to hit D-Street next week

The initial public offering (IPO) lane will be busy next week, with four main-line companies, including Leela Palaces Hotels & Resorts operator Schloss Bangalore Ltd and Aegis Vopak Terminals tapping the primary market to raise over Rs 6,600 crore collectively.

Airtel keen to tie up with Jio, VIL to fight fraud

Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams. Photograph: Adnan Abidi/Reuters Airtel has also