In a fresh regulatory challenge for French liquor major Pernod Ricard in India, the Competition Commission of India (CCI) has ordered a detailed antitrust investigation into allegations that the company entered into exclusive arrangements with retailers in New Delhi to promote its brands at the expense of rival firms, according to a Reuters report.The Competition…
Mumbai: Niva Bupa Health Insurance reported an 89.3% rise in Q4FY26 net profit under IFRS accounting standards, Rs 157.8 crore from Rs 83.4 crore a year earlier, while gross written premium grew 30.4% to Rs 3,123.4 crore.The improvement was aided by lower operating costs, higher investment income, stronger retail health premium growth and improving underwriting…
More than a decade after the launch of the Centre’s flagship Jan Suraksha programmes, claims amounting to nearly Rs 25,160 crore have been paid out under two major insurance schemes, with enrolments include several crores across life cover, accident insurance and pension initiatives. Finance minister Nirmala Sitharaman, marking 11 years of the Jan Suraksha schemes…
The Centre has completed the implementation of the four new labour codes by notifying the corresponding rules, more than five years after the reforms were first introduced to replace and consolidate 29 existing labour laws, PTI reported.The four codes — the Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and…
Foreign investors are steadily cutting their share in Indian equities, while domestic investors are stepping in stronger than ever, reshaping the ownership pattern of the stock market, according to JM Financial’s Fundamental Research report.FII ownership in Indian equities dropped to 14.7% in April 2026 from 19.9% in April 2016, hitting its lowest level since June…
MUMBAI: Banks have asked govt to review the definition of affordable housing by revising property value and size thresholds to reflect inflation and changing requirements, as rising ticket sizes and interest costs render existing limits less relevant.“We are the market leaders in housing finance and our home loan portfolio has grown by 13.7%. Our average…
Union commerce and industry minister Piyush Goyal held meetings with luxury company LVMH Moet Hennessy Louis Vuitton SE and beauty giant L’Oreal Groupe, focusing on growing manufacturing, exports and investment in India. In his meeting with Vincent Astoux, International Relations Director of LVMH, Goyal discussed expanding manufacturing in India to increase exports, investing in local…
Mumbai : Health insurance is steadily increasing its dominance in India’s non-life insurance industry, with its share rising to 40.8% in FY26 from 38.6% a year earlier. Health as a segment grew 15.4% to about Rs 1.4 lakh crore, even as the non-life industry grew 9.3%, with total gross direct premium income reaching nearly Rs…
China’s trade stepped up pace in April, with exports surging well beyond expectations even as the Iran war and elevated US tariffs continued to cast uncertainty over global markets.Official data released on Saturday showed Chinese exports climbed 14.1% compared with a year earlier, a substantial jump from March’s 2.5% rise and a performance that outpaced…
Mumbai : Zepto’s $1 billion IPO is a step closer to hitting Dalal Street with markets regulator Sebi giving it a go ahead for the issuance, details published on its website showed. The company which rivals Eternal’s Blinkit and Swiggy Instamart in India’s $10-11 billion quick commerce market is targeting a listing sometime by July,…
