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…
Shares of ICICI Prudential Life Insurance Company plummeted nearly 9% in intraday trading, hitting a fresh 52-week low of ₹488.60 on the National Stock Exchange. This steep decline was triggered by a major strategic announcement from the company’s UK-based joint venture partner, Prudential plc. The British insurance giant revealed that it is acquiring a controlling…
Ministry of Finance has directed state-run banks, insurers, and financial institutions across India to implement a series of cost-cutting measures, including restrictions on travel and a gradual shift toward electric vehicles, according to an official order reviewed by Reuters. The directive, issued by the Department of Financial Services, is part of a broader government austerity…
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…
Tata Consultancy Services Chairman Natarajan Chandrasekaran has said that generative AI and agentic AI are entering a transformative phase where artificial intelligence is becoming the “infrastructure of intelligence” for businesses worldwide. In his letter to shareholders in the TCS Annual Report FY26, Chandrasekaran highlighted the company’s growing focus on becoming a full-stack AI services provider…
OpenAI has reportedly initiated a major internal reorganisation as the company continues to face legal scrutiny from co-founder Elon Musk over its transition away from its original non-profit mission. The leadership shake-up comes at a critical moment for OpenAI as the company intensifies its focus on artificial intelligence agents, enterprise products, and coding-related services while…
Gold Exchange Traded Funds (ETFs) witnessed a sharp rally on Wednesday after remaining largely stable for more than three months, following an increase in gold import duties that made physical gold more expensive. The rise in prices renewed investor interest in gold ETFs, which are mutual-fund-like investment schemes that track gold prices and have become…
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…
Shares of the State Bank of India (SBI) maintained a neutral stance on Tuesday, trading flat after the country’s largest lender announced its board has approved a proposal to explore long-term fundraising of up to $2 billion for the 2026–27 fiscal year. The bank intends to raise these funds in one or more tranches through…
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…
