AI representational image Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.Videocon exited the joint…
BENGALURU: Cognizant has said its board approved a $2 billion increase to its existing share repurchase programme and raised its 2026 share buyback target to $2 billion, up from the earlier target of $1 billion. The additional $1 billion in buybacks is expected to be completed during the Sept quarter of 2026.The announcement pushed Cognizant’s…
Petrol and diesel prices across the country registered another increase on Tuesday, rising by around 90 paise per litre. This marks the second hike in fuel rates in less than a week.Diesel prices have gone up by 91 paise per litre, while petrol has become costlier by 87 paise per litre. The latest revision follows…
MUMBAI: Foreign fund buying helped sensex settle marginally higher on Monday, despite crude oil prices continuing the recent uptrend and rupee hitting a new record low against the dollar. Some short covering during the closing hours of the day’s session also helped the up move on Dalal Street, market players said.With fresh tensions brewing between…
Bharti Airtel has overtaken HDFC Bank to become India’s second most valuable listed company by market capitalisation, underlining the sharp re-rating in telecom stocks and changing investor preferences on Dalal Street, according to an ET report.Bharti Airtel shares rose more than 2 per cent to Rs 1,943 on the BSE, pushing the company’s market capitalisation…
India’s purchases of Russian crude have remained elevated. (AI image) Making its energy security mandate clear, India has said that it is buying crude oil from Russia irrespective of a sanctions waiver by the US. The statement from Sujata Sharma, joint secretary in the petroleum ministry comes days after a Bloomberg report said that India…
With waiver lapsing, flows are likely to remain broadly stable, although they could ease modestly from March levels. (AI image) The Donald Trump administration may have allowed the sanctions waiver on Russian crude to expire on May 16, but India has made it clear that it will continue to procure oil from Moscow. The sanctions…
A federal court on Monday dismissed Elon Musk’s claims against OpenAI and its top executives, bringing an end to a closely watched legal battle over the company’s transformation from a nonprofit research lab into one of the world’s most valuable AI firms.The nine-person jury found that Musk waited too long to file his lawsuit and…
With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier…
In a significant relief for Gautam Adani, the US Justice Department has withdrawn criminal charges and closed the securities and wire fraud against the billionaire businessman, according to a court filing cited by PTI.“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these…
