Business

20 May

Tata AIA declares record Rs 2,173 crorebonus for policyholders in FY26

Business BureauBusiness

Tata AIA Life Insurance has announced its highest-ever bonus payout of ₹2,173 crore for participating (Par) policyholders for the financial year ending March 31, 2026, marking an 18 per cent increase over last year’s ₹1,842 crore payout. The insurer said over 8.74 lakh policies will benefit from the record declaration.The company stated that the bonus has been declared across eligible participating insurance plans, including Smart Value Income Plan, Shubh Flexi Income Plan, ShubhMaha Life, Diamond Savings Plan and Value Income Plan.Commenting on the development, Kshitij Sharma, Appointed Actuary at Tata AIA Life Insurance, said, “We are proud to announce yet…

Read More

20 May

Bandhan Bank launches premium savings accounts for NRI customers

Business BureauBusiness

Bandhan Bank has launched a new range of premium savings accounts for its non-resident Indian (NRI) customers, aiming to strengthen its premium banking portfolio with enhanced lifestyle and financial benefits. The bank on Sunday introduced Elite, Elite Plus and Legacy Savings Accounts designed to offer a refined banking experience for global customers. The newly launched accounts come with several premium features, including unlimited free cash deposits every month and complimentary RTGS, NEFT and IMPS transactions. The Legacy account offers additional benefits such as accelerated reward points, three domestic and two international airport lounge accesses per quarter, zero forex markup and…

Read More

19 May

Yamaha targets premium mobility growth with Kolkata ‘Call of the Blue’ showcase

Business BureauBusiness

The Yamaha Motor India Group strengthened its premium mobility outreach in eastern India by hosting ‘The Call of the Blue’ Weekend event in Kolkata on May 17, attracting more than 3,000 riders, enthusiasts and fans to ECO Park Gate 4 in Newtown. The event formed part of Yamaha’s broader strategy to deepen engagement with India’s growing community of performance motorcycle and scooter buyers. The showcase featured activities such as Gymkhana rides, slow balancing challenges, gaming arenas and safety riding classes, allowing both Yamaha and non-Yamaha users to interact with the brand’s performance-oriented lineup. Yamaha also organised immersive gaming experiences and…

Read More

19 May

PepsiCo India Announces Massive ₹5,700 Crore Expansion Drive by 2030

nanikaBusiness

Food and beverages giant PepsiCo India has announced a major investment plan of up to ₹5,700 crore by 2030. The massive capital injection will primarily focus on ramping up the manufacturing capacity of its foods business across the country. Speaking on the initiative, PepsiCo’s India and South Asia CEO, Jagrut Kotecha, emphasized that India remains one of the company's top 13 global markets, offering immense potential driven by rising consumer incomes and a stable economic environment. The planned investment will be directed toward three key manufacturing facilities. These include a strategic concentrates plant in Madhya Pradesh and advanced snacks plants…

Read More

19 May

Expectation Mounts for a Massive Capital Transfer from RBI to the Central Government

anuprovaBusiness

The Reserve Bank of India (RBI) is highly anticipated to approve a substantial dividend payout to the Indian government for the fiscal year 2023-2024. This potential fiscal windfall is expected to surpass the government's initial budget estimates, providing a significant boost to the Centre's financial position. The primary drivers behind this projected surge in surplus income include elevated earnings from foreign exchange interventions, substantial interest income generated from global assets, and robust returns on domestic government security holdings. As international interest rates remained elevated throughout the year, the central bank's foreign currency assets yielded much higher returns compared to previous…

Read More

18 May

JSW Energy Divests Stake in JSW Steel for ₹3,150 Crore to Fuel Growth Strategy

nanikaBusiness

In a major corporate move on Monday, JSW Energy announced that it has successfully divested 25 million equity shares of JSW Steel. The transaction, executed through a bulk deal on the National Stock Exchange of India Limited (NSE), fetched the power producer a massive ₹3,150 crore in gross proceeds. According to a regulatory filing, the sale involved 2,50,00,000 equity shares with a face value of ₹1 each. Following this substantial transaction, JSW Energy’s remaining balance holding in JSW Steel stands at 4,50,38,350 equity shares. The company stated that the divestment is part of a calculated, strategic liquidity release. By monetizing…

Read More

18 May

Tech stocks lead strong rebound in Dalal Street, Nifty back above 23,600

anuprovaBusiness

India’s equity markets made a spectacular recovery on Monday, bouncing back strongly after early technical lows led by a surge in technology stocks. The benchmark BSE Sensex staged a huge 1,000-point recovery from day's low after plunging deep into the red during early trade as global bond yields soared and crude oil prices rose. At the same time, the wider NSE Nifty 50 could climb back above the crucial 23,600 psychological level. The initial bloodbath on Dalal Street wiped out trillions in market capitalisation temporarily but heavy institutional buying in index heavyweights like Infosys, TCS and Tech Mahindra fiercely countered…

Read More

18 May

India’s No.1 Wires & Cables Brand Polycab Expands Reach with Siliguri Service Depot

Business BureauBusiness

Polycab India Limited, India’s No.1 wires and cables company, has expanded its distribution infrastructure in eastern India with the launch of a new Quick Service Depot in Siliguri, aimed at strengthening supply chain efficiency and accelerating deliveries across North Bengal and nearby markets. The company on May 15 announced that the new 9,250 sq. ft. facility, located around 7 kilometres from New Jalpaiguri (NJP) station, will support the distribution of Polycab’s entire product portfolio, including wires, lighting products, fans, switches, switchgear, conduits and pipes. The depot is expected to improve product availability, reduce lead times and enable faster order fulfilment…

Read More

16 May

Tata Motors to Roll Out Sierra EV in Multi-Car Offensive to 2026

anuprovaBusiness

Tata Motors is preparing for a big product push in 2026, led by the highly anticipated launch of the all-new Tata Sierra EV. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles, confirmed during a recent earnings call that the iconic Sierra EV would be launched in the second half of FY 2026-27. The flagship electric SUV is designed to combine retro boxiness with contemporary EV traits, including sealed body lines, unique LED light signatures and the potential for dual-motor AWD configurations. In order to overcome present waiting times, the company has been working aggressively on its supply chain to increase…

Read More

15 May

Adani Settles U.S. Regulatory Charges for $18 Million

anuprovaBusiness

Gautam Adani and his nephew Sagar Adani have agreed to a proposed settlement with the U.S. Securities and Exchange Commission (SEC) to resolve a civil fraud case over alleged bribery and misleading statements. The two will pay a combined $18 million in civil penalties under terms filed in a New York federal court on May 15, 2026—$6 million from Gautam Adani, $12 million from Sagar Adani. Notably, the settlement allows them to resolve the matter without admitting or denying the SEC’s allegations that they devised a scheme to bribe Indian officials to obtain lucrative contracts to provide solar energy while…

Read More