Business

Delays in allocating preferential tariff rate quotas (TRQs) for gold imports under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) have left Dubai-based bullion exporters in uncertainty, disrupting legitimate precious metal trade corridors between the two countries. Under the bilateral trade pact, designated Indian importers are entitled to import fixed quantities of gold from the UAE…

ICICI Prudential Life Insurance Ltd. reported a 27.8 per cent year-on-year increase in profit after tax (PAT) to ₹386 crore for the quarter ended June 2026, supported by strong growth in its retail protection business and operational efficiencies. The insurer’s term insurance (retail protection) business grew 60.4 per cent year-on-year during the first quarter of…

Shriram Finance reported a strong financial performance for the first quarter of FY2026-27, with net profit rising 59.79% year-on-year to ₹3,444.6 crore, driven by healthy growth in lending and improved margins. On a sequential basis, profit increased 14.30%, reflecting sustained business momentum. Net interest income (NII) climbed 33.67% year-on-year to ₹8,055.7 crore, while total income…

Xiaomi is reportedly planning a global release for its upcoming Xiaomi 18 Pro flagship, expanding the reach of its distinctive rear-screen concept outside its home market in China. According to industry leaks, the device—codenamed “Venice”—could be launched in international markets including Japan, Russia, Taiwan, Turkey, and countries across the European Economic Area (EEA), though availability…

ICICI Prudential Life Insurance has launched ICICI Pru Gold Pension Savings, a bonus-linked pension plan aimed at strengthening long-term retirement planning amid India’s rapidly ageing population and rising demand for financial security in post-retirement years. Citing estimates from the National Commission on Population, the insurer said one in every seven Indians is expected to be…

Global equity markets registered modest gains on Wednesday, July 22, lifted by a strong rally in energy shares as crude oil prices surged to six-week highs, though broader investor appetite remained tempered ahead of high-stakes megacap tech earnings. European and Asian stock benchmarks advanced, with the STOXX 600 gaining 0.6% and European energy producers benefiting…

Nissan Motor India has launched the all-new TEKTON, a premium C-SUV that combines bold styling, advanced technology, turbocharged performance and enhanced safety for Indian customers. Making its global debut in India, the SUV is priced from Rs 10.49 lakh for the T160 Manual Transmission range, while the T280 Manual Transmission and T280 DCT variants start…

AWL Agri Business Ltd. (formerly AdaniWilmar Limited) has strengthened its presence in the home and personal care segment by relaunching the bathing soap portfolio of its Alife brand with four new variants featuring upgraded formulations, skincare-inspired ingredients and contemporary packaging under the new brand promise, “KhubsuratiKuchhKhaas.” The refreshed range was officially launched on July 15…

Amway India has announced the expansion of its premium skincare portfolio with the launch of Artistry Skin Nutrition Multi-Defense UV Protect, a new daily skincare solution enriched with Nutrilite-powered botanicals. The launch reinforces the company’s focus on addressing evolving consumer preferences for advanced, science-backed skincare products that combine botanical ingredients with modern skin science. The…

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…