Business News

Business

ICICI Bank Surges with a 15% Jump in Q1 Net Profit, Eyes Expansion with Pension Subsidiary Acquisition

ICICI Bank reports a 15.4% rise in Q1 net profit to Rs 12,768 crore, driven by broad-based income growth. The bank also plans to acquire ICICI Prudential Pension Funds Management C...

Business

Reliance Industries Shatters Records with Rs 31,000 Crore Profit in Q1, Fueled by Asian Paints Exit

Reliance Industries reports a record Rs 30,681 crore profit in Q1, driven by the sale of its Asian Paints stake and strong performance across its O2C, Jio, and retail businesses, d...

Business

Economic Uncertainties Impact Jewelry Demand: Titan's CEO Highlights Stress in Rs 50k-1 Lakh Segment

Geopolitical and economic uncertainties are impacting consumer spending, with the jewelry sector experiencing demand fluctuations, especially in the Rs 50k-1 lakh segment. Titan's ...

Business

Breaking Barriers: Madhu Lunawat Becomes First Woman to Secure SEBI Approval for Mutual Fund Business in India

Madhu Lunawat makes history as the first woman in India to secure SEBI approval for launching a mutual fund business, aiming to innovate and cater to the real needs of Indian inves...

Business

Tata Sons Launches Rs 500 Crore Trust for Air India 171 Crash Victims' Families in Historic Relief Effort

Tata Sons establishes a Rs 500 crore trust for families affected by the Air India 171 crash, offering compensation and support, continuing its legacy of significant humanitarian ef...

Business

Reliance Retail Accelerates in Appliances Market with Strategic Acquisition of Kelvinator Brand

Reliance Retail has acquired the Kelvinator brand in India from Electrolux, aiming to enhance its market share in consumer durables. The deal, part of Reliance's strategy to revive...

Business

Allianz and Jio Financial Services Forge a Groundbreaking 50:50 Joint Venture in India's Reinsurance Market

Allianz and Jio Financial Services announce a 50:50 joint venture to enter India's reinsurance market, signaling a strategic shift and aiming to democratize financial services in t...

Business

Sebi Proposes Major Overhaul: Expanding Mutual Fund Categories for Wider Investment Opportunities

Sebi proposes expanding mutual fund categories, including investments in REITs and InvITs, and introducing solution-oriented funds with specific goals like retirement. Public feedb...