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
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
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
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
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
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
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
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
‘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,
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.
