Life Insurance Corporation of India (LIC) expects only a minor impact from higher provisions related to Input Tax Credit (ITC), with its value of new business (VNB) margins remaining stable. LIC CEO R. Doraiswamy said the overall GST effect has been less than 1% so far, adding that the insurer will pass on the benefits…
Standard Glass Lining Technology Ltd (SGLTL) has reported robust financial results for the second quarter of FY26, marking a pivotal moment in its strategic transformation. The company, traditionally known for manufacturing glass-lined equipment, is now repositioning itself as a precision engineering and technology solutions provider for global process industries. For Q2 FY26, SGLTL posted a…
The Indian government has broadened the Electronic Cargo Tracking System (ECTS) for Nepal-bound shipments, enabling cargo movement through additional ports and new rail-road routes. Announced on Tuesday, the move aims to streamline procedures, cut transit time, reduce congestion at major ports, and enhance cargo security, while also supporting India’s growing exports to Nepal. The GPS-based…
Tata Trusts’ decision not to extend Mehli Mistry’s trusteeship has been contested before the Maharashtra Charity Commissioner, according to sources cited by NDTV Profit. The dispute comes amid a power struggle within the nonprofit organization, which collectively holds about 66% of Tata Sons. Last week, the tension escalated when Chairman Noel Tata, along with trustees…
Lenskart Solutions Ltd, an eyewear retailer, received a positive response on the first day of its IPO, driven by strong interest from institutional and retail investors, with a Day 1 subscription of 1.13 times. The IPO, open from October 31 to November 4, is priced between ₹382 and ₹402 per share, valuing the company at…
Eyewear retail giant Lenskart Solutions marked a successful debut in the primary market as its ₹7,278-crore initial public offering (IPO) was fully subscribed on the very first day of bidding. The IPO opened for public subscription on October 31, 2025, and witnessed robust demand across investor categories, reflecting strong confidence in the company’s growth trajectory…
India’s food delivery battle is intensifying, with the latest quarterly results highlighting the growing gap between Swiggy and Zomato. Swiggy reported a consolidated net loss of Rs 1,092 crore for Q2 FY26, up from Rs 626 crore a year ago, though slightly lower than Rs 1,197 crore in Q1. Its revenue rose 54% YoY to…
Hyundai Motor India Ltd (HMIL) has reported a 14.3% year-on-year increase in consolidated net profit for the second quarter of the financial year 2025–26, reaching ₹1,572 crore. The growth was primarily driven by strong export performance, robust SUV sales, and effective cost optimization measures, despite a slowdown in domestic demand. According to the company’s financial…
OpenAI, the artificial intelligence powerhouse behind ChatGPT, is reportedly laying the groundwork for an initial public offering (IPO) that could value the company at up to $1 trillion. If realized, this would mark one of the largest IPOs in history, positioning OpenAI among the most valuable publicly traded companies globally. According to sources familiar with…
Japanese automotive giant Honda Motor Co. has unveiled its next-generation electric SUV concept, the Honda 0 α (Alpha), at the 2025 Japan Mobility Show. The concept marks the beginning of Honda’s new “0 Series” of electric vehicles and is slated to debut in the Indian market in 2027, alongside its launch in Japan. The Honda…
