The Adani Group has reached a $275 million settlement with the US Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged violations of Iran sanctions. The matter involved the indirect import of Iranian Liquefied Petroleum Gas (LPG) through India’s Mundra Port between November 2023 and June 2025. According to official disclosures, Adani Enterprises Limited…
US-based Liberty Mutual Insurance has officially increased its shareholding in Liberty General Insurance Limited (LGI) to 74 per cent. This significant development follows a previous stake increase from 49 per cent to 55.40 per cent in September 2025, underscoring the global insurer’s aggressive growth strategy in the region. Liberty General Insurance operates as a prominent…
India’s banking landscape is bracing for a major shift in scale. Bank of Baroda, the nation’s second-largest state-owned lender, has announced a bold roadmap to double its balance sheet over the next five years. This strategic surge aims to position the bank as a formidable global competitor while supporting India’s march toward becoming a developed…
Maruti Suzuki India has announced a massive commitment of ₹1,372 crore toward dedicated green logistics infrastructure. This strategic investment aims to significantly reduce the company’s carbon footprint by shifting a larger portion of its vehicle transport from roads to the railway network. The automaker has set an ambitious target to increase the share of rail-based…
Industry veteran and founder of Kotak Mahindra Bank, Uday Kotak, has issued a stark wake-up call to India and its corporate leaders. Speaking at the CII Annual Business Summit, Kotak warned that the relative stability in energy prices following the West Asian crisis is about to end, and the “shock” to the Indian economy is…
Billionaire industrialist Gautam Adani has issued a clarion call for India to secure its digital and energy future. Speaking at the CII Annual Business Summit 2026 today, the Adani Group Chairman emphasized that in an increasingly fractured global landscape, “sovereign AI” is no longer an option but a geopolitical necessity. He argued that the nations…
In a landmark judgment that carries significant financial implications for the transport sector, the Supreme Court of India ruled on Friday that the Indian Railways cannot claim the status of a “deemed distribution licensee” under the Electricity Act, 2003. A Bench comprising Justice Dipankar Datta and Justice Satish Chandra Sharma held that the Railways functions…
Biocon Ltd, the Bengaluru-based biopharmaceutical major, has reported a sharp 56.8% decline in its consolidated net profit for the fourth quarter ended March 31, 2026. The company’s net profit stood at ₹198.6 crore, compared to ₹459.4 crore in the corresponding period of the previous fiscal year. The significant drop in earnings was primarily attributed to…
India has etched its name into the global record books in spectacular fashion, securing two back-to-back Guinness World Records beneath the pristine waters of the Andaman and Nicobar Islands. These unprecedented feats, achieved near Swaraj Dweep, have catapulted the archipelago into the international spotlight, marking its arrival as a premier destination for elite scuba diving…
Marking a landmark three decades of operations in the country, Hyundai Motor India Limited (HMIL) on Wednesday reaffirmed its long-term commitment to the Indian market. Since its establishment on May 6, 1996, the South Korean automotive giant has transformed from a newcomer into a cornerstone of India’s industrial landscape, now eyeing a massive expansion into…
