News that keep you updated
The initiative has been launched as part of National Insurance Awareness Day Insurance Regulatory and Development Authority of India (IRDAI) chairman Ajay Seth on Saturday unveiled a consumer awareness comic book series aimed at improving life insurance literacy and simplifying key insurance concepts for the public.The initiative, launched as part of National Insurance Awareness Day,…
India’s first undersea rail tunnel has moved a step closer to reality, with a giant Tunnel Boring Machine (TBM) beginning its journey beneath Thane Creek on Saturday for the Mumbai–Ahmedabad Bullet Train Project. The launch of the second machine marks the start of excavation on the 7-km undersea stretch, the first of its kind for…
Representative image (Picture credit: Reuters) The FIFA World Cup may be the biggest sporting spectacle on the planet, but for employers it could also become one of the biggest workplace disruptions of the year.A survey by workforce management firm UKG had estimated that the 2026 FIFA World Cup could result in at least $17 billion…
India’s power sector is expected to stay charged through FY27 as surging electricity demand, record peak power consumption and continued capacity additions fuel growth, a report by 360 ONE Capital said.The brokerage said that electricity consumption is expected to remain resilient as industrial and commercial activity gathers pace, creating favourable conditions for power utilities. Companies…
Left image is for representation purpose only (AI-generated) There was a time when calling customer care almost always meant waiting to speak to a person. Today, that experience looks very different. Whether you are tracking a delayed parcel or reporting a failed payment, chances are your first conversation is with a chatbot or an AI-powered…
Middle East has slipped into another round of conflict and the ripple effects are already reaching Pakistan’s fuel consumers. Pakistan will now revise petroleum prices every day instead of once a week, allowing the government to react to the volatile global oil prices driven by the ongoing tensions between US and Iran. The announcement came…
MUMBAI: IDBI Bank reported a standalone net profit of Rs 2,007.36 crore for the quarter ended June 30, 2026, up 3.3% from Rs 1,943.17 crore a year earlier, supported by lower provisions despite weaker operating profit. On a consolidated basis, net profit rose 6.9% to Rs 2,127.14 crore from Rs 1,987.44 crore a year ago.Net…
The first step in capital gains taxation is to identify the asset sold and determine whether the resulting gains are taxable. (Image source: Magnific) Many individual taxpayers view filing an Income Tax Return (ITR) as a straightforward task—declaring salary income, updating investment details and paying any balance tax. However, capital gains can turn an otherwise…
MUMBAI: Punjab National Bank reported a standalone net profit of Rs 5,253 crore for the quarter ended June 30, 2026, up 213.6% from Rs 1,675 crore a year earlier, aided by a sharp decline in tax outgo despite lower non-interest income. The bank reported a consolidated net profit of Rs 5,921 crore, up 228.4% from…
India’s banknotes may soon get a plastic makeover.The country is moving ahead with its plans to explore polymer banknotes as the Reserve Bank of India‘s currency printing subsidiary has invited global and domestic manufacturers to bid for the specialised material needed to print such notes. Initially, the notes are likely to be in the lower…
