Corporate

According to the Sebi, the UPSI period lasted from September 8 to September 25, 2023, before the Burman Group’s open offer for a 26% stake in REL at Rs 235 per share was publicly announced.

Updated : May 13, 2026

SEBI finds Rashmi Saluja guilty of insider trading in Religare shares, orders Rs 1.99 cr disgorgement

SEBI has held former Religare Enterprises chairperson Rashmi Saluja guilty of insider trading in the company’s shares linked to the Burman family’s open offer announcement. The market regulator ordered disgorgement of Rs 1.99 crore and imposed a Rs 40 lakh penalty.

Sir Ratan Tata Trust (SRTT) holds a 23.56% stake in Tata Sons, while Tata Trusts collectively own around 66% equity in the group holding company.

Updated : May 13, 2026

Bombay HC allows withdrawal of plea challenging Sir Ratan Tata Trust structure

A division bench of Justice Advait Sethna and Justice Sandesh Dadasaheb Patil permitted petitioner Suresh Tulsiram Patilkhede to withdraw the plea. During the hearing, the bench observed that the petitioner “has not been fair” and noted that he lacked the locus to maintain the petition before the court.

In high-risk war zones, foreign insurers and reinsurers often either sharply increase premiums or withdraw coverage entirely. This creates major problems for countries dependent on imports and exports

Updated : May 12, 2026

Bharat Maritime Insurance Pool launched -- why India has floated a $1.5 bn shipping risk cover

India has launched the Bharat Maritime Insurance Pool (BMIP), a $1.5 billion government-backed maritime insurance mechanism aimed at protecting shipping and trade operations during geopolitical crises and war-like situations. The move comes amid rising West Asia tensions and concerns over disruption in global maritime insurance coverage.

Tata Chemicals CEO R Mukundan takes charge as new CII President

Updated : May 12, 2026

Meet CII's new leadership team: Tata Chemicals CEO R Mukundan takes charge as president

R Mukundan succeeds EY India Chairman Rajiv Memani, who served as CII president for 2025-26.

Nearly 98% of India’s home services market still operates offline, making it one of the country’s largest untapped digitisation opportunities.

Updated : May 12, 2026

Are Snabbit, Urban Company, and Pronto fighting India’s next app war?

As convenience moves beyond groceries, startups are racing to digitise India’s fragmented home services market.

PwC backs PM Modi's austerity push, asks staff to limit business travel

Updated : May 12, 2026

'Travel only if clear business need': PwC tells employees after PM Modi's save fuel appeal

The consulting firm said it had taken note of Prime Minister Narendra Modi's appeal for "restraint and responsible consumption" as part of a broader push for fiscal prudence and austerity.

Edible oil prices are indirectly linked to the volatility in crude oil prices.

Updated : May 12, 2026

Can reducing cooking oil save India’s forex reserves?

India’s total demand for edible oil is 27 million tonnes annually. While the domestic production is about 11 million tonnes, around 16 million tonnes of vegetable oil are imported each year

The Gross NPA ratio declined to 1.93%, while the Net NPA ratio dropped to just 0.39% as of March 31, 2026 — the lowest levels recorded historically.

Updated : May 12, 2026

Public sector banks post record ₹1.98 lakh cr profit in FY26 as NPAs hit historic lows

Public Sector Banks (PSBs) posted a record net profit of ₹1.98 lakh crore in FY26, marking the fourth straight year of profitability amid strong credit growth and improving asset quality. PSBs also achieved their lowest-ever Gross and Net NPA ratios, reflecting stronger balance sheets and better risk management.

India’s oil and gas sector has come under sharp focus as rising geopolitical tensions in West Asia trigger fresh concerns over crude oil prices, inflation, and fuel costs.

Updated : May 12, 2026

Who made money during low crude years? Deepak Shenoy puts oil firms under lens

As crude oil prices rise amid escalating West Asia tensions, India’s oil and gas sector is facing renewed scrutiny over fuel pricing and profit margins. Capitalmind Founder Deepak Shenoy has questioned who benefited during years of lower crude prices when petrol prices in India remained elevated.

Vedanta's Anil Agarwal calls for fewer business speed breakers

Updated : May 11, 2026

'Other countries issue 100 notices, India issues 800': Vedanta's Anil Agarwal calls for trust-based regulation

'There must be some accountability. But more fundamentally, this only distracts management and officials from productive activity. Jan Vishwas philosophy will change this,' says Anil Agarwal

Unlike quick commerce players that spent years battling questions around cash burn and margins, Snabbit believes its category has a fundamentally easier path to profitability.

Updated : May 11, 2026

Why Snabbit believes instant home services can turn profitable faster unlike quick commerce

Speaking to BT after Snabbit’s $56 million funding round, Founder and CEO Aayush Agarwal says instant home services can avoid expensive infrastructure such as dark stores, inventory and logistics networks.

L&T is supporting ITER in developing state-of-the-art technology and pioneering hardware for fusion systems that will be installed inside the ITER Tokamak's Vacuum Vessel.

Updated : May 9, 2026

How is L&T playing a big role in creating a miniature Sun on Earth?

The world’s biggest nuclear fusion experiment is nearing the commissioning stage in France. L&T has been responsible for deploying critical advanced technologies for it.

Setty said it was one of the recommendations made to the government as part of their conversations.

Updated : May 8, 2026

SBI Chairman feels definition of affordable homes needs a review. Here's why

SBI chairman CS Setty pointed average ticket sizes in home loans had increased to around Rs 51 lakh, compared with Rs 35-40 lakh two years ago.

SBI on Friday, April 8, reported a net profit of Rs 19,684 crore in the January-March quarter, up 5.6 per cent from a year ago profit of Rs 18,643 crore.

Updated : May 8, 2026

Amid the Iran war, how does India's largest lender SBI see the year ahead? Here's what chairman CS Setty said

SBI's shares declined sharply on Friday following the lender's fourth quarter earnings

Air India has asked employees to maintain strict cost discipline as geopolitical tensions in West Asia, soaring jet fuel prices and a weakening rupee

Updated : May 8, 2026

Air India’s internal message to employees: Exercise strict cost discipline due to West Asia crisis

Annual salary increments will be deferred by at least one quarter due to economic uncertainty; he told employees that layoffs are not anticipated at this stage.

The financial strain is exacerbated by the fact that crude oil prices have spiked from $70 to over $120 per barrel in international markets due to the ongoing volatility in West Asia.

Updated : May 8, 2026

₹30,000 Cr monthly hit for OMCs: How long can the Govt hold back fuel price hikes?

Oil marketing companies are absorbing losses of nearly ₹30,000 crore every month as crude prices surge amid the West Asia crisis. While the government has shielded consumers from sharp fuel price hikes so far, pressure on OMC balance sheets is rapidly mounting.

Kiran Mazumdar-Shaw said the company has completed the heavy investment cycle needed to build its biosimilars platform and is now positioned to monetise those investments.

Updated : May 8, 2026

Corporate

SEBI finds Rashmi Saluja guilty of insider trading in Religare shares, orders Rs 1.99 cr disgorgement

Bombay HC allows withdrawal of plea challenging Sir Ratan Tata Trust structure

Bharat Maritime Insurance Pool launched -- why India has floated a $1.5 bn shipping risk cover

Meet CII's new leadership team: Tata Chemicals CEO R Mukundan takes charge as president

Are Snabbit, Urban Company, and Pronto fighting India’s next app war?

'Travel only if clear business need': PwC tells employees after PM Modi's save fuel appeal

Can reducing cooking oil save India’s forex reserves?

Public sector banks post record ₹1.98 lakh cr profit in FY26 as NPAs hit historic lows

Who made money during low crude years? Deepak Shenoy puts oil firms under lens

'Other countries issue 100 notices, India issues 800': Vedanta's Anil Agarwal calls for trust-based regulation

Why Snabbit believes instant home services can turn profitable faster unlike quick commerce

How is L&T playing a big role in creating a miniature Sun on Earth?

SBI Chairman feels definition of affordable homes needs a review. Here's why

Amid the Iran war, how does India's largest lender SBI see the year ahead? Here's what chairman CS Setty said

Air India’s internal message to employees: Exercise strict cost discipline due to West Asia crisis

₹30,000 Cr monthly hit for OMCs: How long can the Govt hold back fuel price hikes?

As Kiran Mazumdar-Shaw plans succession, Biocon bets on biosimilars and obesity drugs for next growth wave

Why has Adani’s 1.6GW Mahan thermal plant been pushed to FY28?

Tata Motors rolls out VRS, up to 300 employees opt for voluntary retirement scheme

Crucial Tata Trusts meetings, scheduled for today, postponed to May 16

TCS Nashik case: Nida Khan arrested after 25 days in harassment, religious conversion case

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