The controversy over the alleged NEET paper leak triggered rival protests by the BJP and Congress in Manipur on Wednesday, with both parties holding separate demonstrations and accusing each other over the issue. Chief Minister Yumnam Khemchand Singh, along with BJP MLAs and senior party leaders, participated in a sit-in protest at Thambal Shanglen in…
SBI Funds Management has entered the list of publicly traded asset management companies (AMCs) on Dalal Street, giving investors another opportunity to participate in India’s rapidly expanding mutual fund industry. The listing has intensified competition among leading AMCs, including HDFC AMC and ICICI Prudential AMC. Shares of SBI Funds Management debuted on July 21 at…
Larsen & Toubro (L&T) has secured multiple Engineering, Procurement and Construction (EPC) orders from leading domestic metals and mining companies, strengthening its presence in India’s industrial infrastructure sector. The company’s Metals & Minerals (M&M) business has received a significant order from India’s largest iron ore producer, a public sector enterprise, for Package #BE-01C of an…
Axis Bank has delivered a stellar financial performance for the first quarter ended June 30, 2026, reporting a 22.2 percent year-on-year surge in consolidated net profit to ₹7,632.31 crore. The impressive growth, which comfortably beat market estimates, was primarily driven by a significant 42.1 percent drop in provisions and contingencies, which fell to ₹2,337.47 crore…
ICICI Bank shares climbed to an 11-month high on Friday, rising 2.2 per cent to ₹1,450 in intra-day trading on the BSE, as investors awaited the bank’s financial results for the April–June quarter of the 2026–27 financial year. The bank is scheduled to announce its first-quarter earnings on Saturday, alongside other major private sector lenders,…
Imphal-based startup Akumen Artificial Intelligence (AI) has developed an innovative AI-powered smart glasses system, INSIGHT, aimed at improving independence and accessibility for visually impaired individuals. The device was showcased before Manipur Governor Ajay Kumar Bhalla during a meeting at Lok Bhavan on July 15. Akumen AI founder Thiyam Akuvan, a computer science engineer from Manipur,…
Jammu and Kashmir Bank has announced plans to sell a 0.5 per cent stake in PNB MetLife India Insurance Company to MetLife International Holdings, LLC, for ₹120.1 crore. The proposed transaction involves the sale of 10.25 million equity shares of the life insurance company at a price of ₹117.20 per share. The bank’s board had…
Food companies across India are revising their product labels after increased scrutiny from the Food Safety and Standards Authority of India (FSSAI) over potentially misleading claims. Terms such as “healthy”, “natural”, “fresh”, “100%” and “no added sugar” are being removed or replaced with more specific descriptions as brands work to comply with regulatory guidelines. The…
Electric vehicle manufacturer Zelio E-Mobility has inaugurated a new manufacturing facility in Coimbatore, Tamil Nadu, as part of its expansion strategy to strengthen its presence in South India and parts of Maharashtra. The new plant has an annual production capacity of 60,000 electric two-wheelers, increasing the company’s total installed manufacturing capacity to 2.4 lakh units…
The Reserve Bank of India (RBI) has approved the appointment of Mahesh Pai as the Managing Director and Chief Executive Officer of South Indian Bank for a three-year term, effective October 1. The private sector lender announced the development in a regulatory filing on Wednesday. Pai’s appointment will be placed before the bank’s board of…
