Category: Business

Federal authorities in California have arrested Jamshid Ghomi, a dual U.S.-Iranian national and tech executive, for allegedly orchestrating a massive, decade-long smuggling network that funneled restricted American technology straight to Iran’s military and nuclear programs. Operating through his Tehran-based computer networking firm, Faraz Pardaz Rayaneh, the 63-year-old CEO is accused of acquiring sophisticated, U.S.-origin networking,…

The Life Insurance Corporation of India has officially launched the ‘New Jeevan Sathi Limited Premium’ plan. This innovative, non-linked, and non-participating joint life endowment policy is specifically tailored for married couples. It allows both spouses to secure comprehensive life protection and build long-term savings under a single contract, ensuring complete peace of mind. A standout…

State Bank of India (SBI) Chairman CS Setty has strongly backed a potential interest rate pause by the Reserve Bank of India’s Monetary Policy Committee, stating it would stabilize economic conditions and ensure smooth growth. Speaking at the Citi India Conference, Setty emphasized that while inflation dynamics remain a key priority, a pause at this…

Former Reliance Communications (RCom) Group Managing Director Amitabh Jhunjhunwala has been lodged in Mumbai’s Arthur Road Jail following his arrest by the Central Bureau of Investigation (CBI) in connection with a multi-crore bank loan fraud case. The arrest took place after a Mumbai court granted permission to the CBI on Monday. Jhunjhunwala was previously in…

Indian automotive giant Maruti Suzuki India has scripted history by registering its highest-ever monthly sales in May 2026. The automaker reported a phenomenal 34.76 percent year-on-year growth, dispatching a record-breaking 242,688 units compared to 180,077 units in the same month last year. Driven by strong consumer demand, the company’s domestic sales also scaled an all-time…

According to the apex bank, net household financial savings climbed to 7 percent of the Gross National Disposable Income (GNDI) in FY25, up from 5.8 percent recorded in the previous fiscal year. This upward trajectory was primarily driven by a sharp contraction in household borrowing. Financial liabilities plummeted to 4.8 percent of GNDI from a…

Indian solar panel manufacturer Waaree Energies Ltd. is moving forward with its ambitious expansion strategy, preparing to launch a massive share sale targeting institutional investors to raise up to $700 million. According to sources familiar with the matter, the capital raise could take place as early as July, depending entirely on prevailing market conditions. To…

The Indian government is gearing up for a major disinvestment push. Next month, New Delhi is expected to begin formal marketing for a planned share sale in the state-run Life Insurance Corporation of India (LIC), aiming to raise up to ₹10,000 crore, or approximately $1 billion. According to sources familiar with the matter, the government…

In a historic milestone for the Indian automotive industry, TVS Motor Company has clinched the top global spot in the ‘Durable Consumer Goods’ category in the prestigious ‘Best Stocks in the World’ rankings. Published by Germany’s premier business weekly, WirtschaftsWoche, and based on the Boston Consulting Group (BCG) Value Creators analysis, the independent study evaluated…

Hindalco Industries is charting a resilient path forward for fiscal year 2027, driven by a projected recovery in its U.S. unit, Novelis, and robust domestic demand for aluminum and copper. Managing Director Satish Pai confirmed that “the worst is over” for Novelis, which is targeting earnings of approximately $500 per tonne in FY27. This follows…