Mutual funds (MFs) — flush with cash amid record inflows in July — invested heavily in the Rs 25,000-crore qualified institutional placement (QIP) of India’s largest lender State Bank of India (SBI). Illustration: Dominic Xavier/Rediff Fund managers acquired SBI shares
Life Insurance Corporation of India (LIC) reported encouraging results for the April-June quarter (Q1) of FY26. Illustration: Dominic Xavier/Rediff The net premium income of India’s largest life insurer was Rs 1.2 trillion, up 5 per cent year-on-year (Y-o-Y), in Q1.
Priced at Rs 27.79 lakh (ex-showroom), the limited-edition BE 6 is expected to be a highly sought-after vehicle for collectors and fans of the iconic superhero alike. IMAGE: Bollywood star John Abraham unveils the Mahindra BE 6 “Batman Edition” in
The life and non-life insurance industries are hopeful of a reduction in the goods and services tax (GST) on health and life insurance premiums, after Prime Minister Narendra Modi, in his speech on Friday, announced GST relaxations aimed at providing relief
The central government has proposed just two tax rates of 5 per cent and 18 per cent in the revamped Goods and Services Tax (GST), slated to replace the current indirect tax regime by Diwali this year, highly placed sources
Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement. Illustration: Uttam Ghosh The pullback comes amid deepening concerns
India’s goods exports rebounded in July after two months of contraction, with outbound shipments rising 7.3 per cent to $37.24 billion, led by a surge in exports to the United States before the country’s reciprocal tariff kicked in and bolstered
India’s purchase of Russian oil has risen to 2 million barrels per day in August, as refiners continue to prioritise economic considerations in their sourcing decisions. Photograph: Sergei Karpukhin/Reuters/span> As much as 38 per cent out of an estimated 5.2
India’s 25 venture capital and private equity backed “new-age” companies, that listed between May 2020 and June 2025, reveals a sobering reality behind the hype: barely a third have delivered sustained outperformance against the market. Illustration: Dominic Xavier/Rediff According to
It has charted an ambitious target. Japanese premium sports goods giant Asics — which sells 75 per cent of its shoes in the country at over Rs 12,000 a pair — wants to be the No. 1 running shoe player
