Business

Reliance Acquires Nauyaan Tradings, Expands Shipyard Operations

Mukesh Ambani-led Reliance Industries Ltd (RIL) has announced the acquisition of a 100% stake in Nauyaan Tradings Private Limited (NTPL) through its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL). The transaction, valued at just ₹1 lakh, was completed...

Unclaimed Deposits in India: Over ₹45,000 Crore Transferred to RBI’s DEA Fund

The Finance Ministry informed the Lok Sabha that public sector banks (PSBs) have transferred more than ₹45,000 crore worth of unclaimed deposits to the Depositor Education and Awareness (DEA) Fund between 2019-20 and 2024-25 (till December 31, 2024). The Reserve...

Tata Motors Welcomes Vicky Kaushal as Brand Ambassador

Tata Motors has announced Bollywood actor Vicky Kaushal as the brand ambassador for its Passenger and Electric Vehicle segment. The collaboration kicks off with the “Take the Curvv” campaign, which will promote Tata Motors’ upcoming Tata Curvv SUV during IPL...

BPCL Inaugurates Floating Solar Power Plant at Kochi Refinery

Bharat Petroleum Corporation Limited (BPCL) has taken a significant step toward sustainable energy with the inauguration of its floating solar power plant at the Kochi Refinery. The project was formally inaugurated by Chief Secretary Sarada Muraleedharan on Friday, March 22,...

CCI Approves Tata Sons’ Plan to Acquire Additional 10% Stake in Tata Play

The Competition Commission of India (CCI) has granted approval for Tata Sons to acquire an additional 10% stake in Tata Play, the group's digital content distribution arm. This acquisition will be made from Baytree Investments (Mauritius) Pte Ltd, an investment...

Adar Poonawalla Sells Magma Insurance Stake to Patanjali Ayurved and DS Group for ₹4,500 Crore

In a significant move in the Indian insurance sector, Adar Poonawalla, CEO of Serum Institute of India, has sold his stake in Magma General Insurance to Baba Ramdev’s Patanjali Ayurved and Dharampal Satyapal (DS) Group for ₹4,500 crore. With this...

LIC, New India Assurance, GIC Re Retain D-SIIs Status for 2024-25

The Insurance Regulatory and Development Authority of India (IRDAI) has once again designated Life Insurance Corporation of India (LIC), The New India Assurance Company, and General Insurance Corporation of India (GIC Re) as Domestic Systemically Important Insurers (D-SIIs) for the...

Flipkart’s Super.money Top 5 UPI App In Feb

The Unified Payments Interface (UPI) witnessed a 5.2% decline in transaction volume in February 2025, totaling 16.11 billion transactions. Despite the dip, PhonePe, Google Pay, and Paytm continued to dominate the market, while Flipkart’s Super.money made its debut in the...

Finance Ministry Notifies Zero Coupon Bond (ZCB) for Power Finance Corporation

The Finance Ministry has notified the issuance of Zero Coupon Bonds (ZCBs) by Power Finance Corporation (PFC). The company has been authorized to raise up to ₹10,000 crore through these bonds, which will be issued at a discount and redeemed...

Star Health Insurance Launches ‘SheTARA’ Campaign to Mark International Women’s Day

Star Health Insurance has launched the SheTARA campaign in Tamil Nadu to celebrate International Women’s Day. This initiative aims to promote preventive healthcare among women while also encouraging more women to join as insurance agents. Tamil Nadu, which employs nearly...