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…
The Food Safety and Standards Authority of India (FSSAI) has issued notices to Lotte India Corporation, Ferns N Petals and Kubera Foods over alleged misleading claims and violations of food labelling regulations. The food safety regulator has directed the companies to submit explanations within seven days on why action should not be initiated against them…
Shares of Info Edge, the parent company of Naukri.com, gained nearly 7% in Tuesday’s trading session after the company announced a strong business update for the first quarter of the financial year. The stock touched an intra-day high of ₹1,094 on the National Stock Exchange (NSE), outperforming the broader market, where the Nifty index recorded…
Public sector lender Bank of Maharashtra (BoM) has reported strong financial growth for the first quarter of FY2026-27, with its total loan portfolio increasing by 27 per cent year-on-year to ₹3.06 trillion as of June 30. According to a regulatory filing, the bank’s outstanding credit stood at ₹2.41 trillion during the corresponding quarter of the…
Manipur Chief Minister Yumnam Khemchand Singh on Saturday visited Churachandpur under tight security arrangements to attend the funeral of BJP MLA Vungzagin Valte, amid a shutdown call and boycott issued by several Kuki-Zo civil society organisations. The Chief Minister arrived at the 5 Assam Rifles headquarters in the district, with security forces maintaining a heavy…
Nestlé India is placing its future growth bets on rural and semi-urban markets, where rising aspirations and evolving consumption patterns are expected to drive the next phase of demand, according to Chairman and Managing Director Manish Tiwary. Speaking at the company’s 67th Annual General Meeting, Tiwary said India represents a market of immense opportunity, with…
In a monumental development for India’s metals and mining sector, the Adani Group and Abu Dhabi’s International Holding Company (IHC) have officially joined forces. The two economic heavyweights signed a Memorandum of Understanding with the state government of Odisha to establish a massive, integrated greenfield aluminium project. Valued at $11.5 billion—or approximately ₹1.08 lakh crore—the…
