In an aggressive move to secure retail deposits, Unity Small Finance Bank has revised its fixed deposit (FD) interest rates, introducing a highly attractive return of up to 8.50% per annum for senior citizens. According to the lender’s updated schedule effective July 15, 2026, the peak interest rate applies specifically to its unique 501-day special…
Keeway India has announced the launch of the all-new Hypevolt-R, marking the company’s entry into India’s premium performance electric scooter segment. The launch forms part of the brand’s strategy to strengthen its presence in the country’s rapidly evolving electric mobility market. The Hypevolt-R is priced at an introductory Rs 1.99 lakh (ex-showroom), with online bookings…
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…
India’s premier private sector banks are undergoing a historic structural shift, shedding more than 7,700 jobs in the last financial year as heavy investments in artificial intelligence and digital infrastructure successfully streamline routine backend operations. According to annual reports for the financial year ending in 2026, the country’s largest private lenders—including HDFC Bank, Axis Bank,…
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…
The “great Adani trade” has returned to Dalal Street with a massive ₹1.40 lakh crore bang, making Adani Enterprises (AEL) the top-performing stock on the Nifty 50. The flagship incubator’s shares have surged approximately 41% this year, pushing its total market capitalization to ₹4.3 lakh crore. This powerful resurgence has effectively put to rest 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…
ICICI Prudential Life Insurance has introduced ICICI Pru iProtect Smart Plus with a 10-Year Life Cover designed for customers with defined financial commitments such as home loans, business loans and children’s education goals. The product provides life cover during a period when financial responsibilities and dependence on income are often at their highest. For many…
LTIMindtree (LTM) maintained a stable workforce of 87,886 employees during the June quarter, reflecting the company’s measured approach to hiring amid a challenging global demand environment for IT services. The steady headcount indicates that the company is prioritizing operational efficiency and resource optimization while closely monitoring client spending trends. Like several technology firms, LTIMindtree has…
Northeast India’s startup ecosystem is set for another growth push as IIMA Ventures, in partnership with opened applications for the second cohort of the North East Growth Lab (NEGL), targeting 25 high-potential startups and social enterprises across the region. The initiative reflects increasing investor and institutional interest in the Northeast’s innovation-driven enterprises spanning agriculture, food…
