News
Govt directs PSU banks, insurers to cut costs, switch to EVs amid rising pressure from West Asia crisis
52+ min ago (248+ words) The Finance Ministry on Monday directed state-run banks, insurance companies, and financial institutions to adopt a series of cost-cutting measures, including curbs on travel and a phased shift to electric vehicles (EVs), according to an official order reviewed by Reuters....
Moody's cuts India's 2026 GDP growth forecast to 6% amid rising energy costs, global uncertainty
6+ day, 2+ hour ago (27+ words) The rating agency said India is among the economies most vulnerable to prolonged energy disruptions due to its heavy dependence on imported crude oil and LNG....
Rising costs, AI disruption, and West Asia conflict may slow India Inc's growth: Moody's
2+ hour, 4+ min ago (292+ words) Moody's said rising input costs, supply chain disruptions, and growing uncertainty are likely to constrain business investments and moderate demand growth for industrial products such as steel, metals, and cement. The agency also flagged the growing impact of artificial intelligence…...
Why you don't need to buy gold to profit from it
1+ hour, 26+ min ago (440+ words) You don't have to store a gold bar in your cupboard or a barrel of crude oil in your garage to benefit from price moves in commodities. That's the power of commodity futures. They let you take a view on…...
How PFRDA's new Retirement Income Scheme will change NPS withdrawals: Explained
2+ hour, 56+ min ago (191+ words) Fortune India How PFRDA's new Retirement Income Scheme will change NPS withdrawals: Explained The new framework, announced through a circular issued on May 15 seeks to address one of the biggest concerns among retirees " how to systematically withdraw pension savings after…...
Small offices pay up to 89% more in workplace management costs than large campuses: Knight Frank India
3+ hour, 48+ min ago (322+ words) India's smaller office occupiers are paying sharply higher workplace management costs than large office campuses, with operational expenses in some cases rising nearly 89% higher due to the absence of scale efficiencies, according to a new assessment by Knight Frank India....
Prudential is moving from JV model to majority control in India's insurance sector: Explained
4+ hour, 12+ min ago (322+ words) UK-based Prudential plc has announced the acquisition of a 75% stake in Bharti Life Insurance for "3, 500 crore from Bharti Life Ventures Pvt. Ltd and 360 ONE Asset Management, in a move that signals a major restructuring of its India strategy." The development…...
Govt must think beyond fiscal consolidation, focus on productive spending, says RBL Bank Chief Economist Rangan
19+ hour, 26+ min ago (1332+ words) How serious is the West Asia crisis for the Indian economy? Is it temporary, or could it turn into a deeper, longer-lasting problem? The current geopolitical crisis led by Iran war is not a crisis for the Indian economy itself…...
Prudential to acquire 75% stake in Bharti Life for "3, 500 crore
20+ hour, 53+ min ago (455+ words) Prudential plc on Sunday announced plans to acquire a 75% stake in Bharti Life Insurance Company Limited for an initial cash consideration of "3, 500 crore, marking a major strategic shift in its India operations as it seeks management control of a domestic…...
Mahindra Racing back on top as de Vries clinches Monaco E-Prix
19+ hour, 8+ min ago (390+ words) Indian racing team Mahindra Racing secured its first Formula E victory in nearly five years after Dutch driver Nyck de Vries won the Monaco E-Prix on Saturday, marking the team's first triumph of the Gen3 era. The victory at the prestigious…...