The proposal currently being evaluated by the finance ministry would enable domestic insurers to extend coverage to vessels sailing through high-risk zones such as the Strait of Hormuz, taking comfort from government-backed reinsurance that would cushion potential losses, the people…
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Iran has intensified attacks on energy infrastructure across the Middle East. Gulf Arab nations have issued stern warnings, fearing direct involvement in the escalating conflict. These strikes follow Israeli actions against Iranian energy assets. Oil prices have surged significantly. The…
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Atanu Chakraborty has stepped down as HDFC Bank’s part-time chairman and independent director. He cited personal values and ethics not aligning with certain bank practices. Chakraborty joined the board in 2021, overseeing the HDFC Ltd merger. Keki Mistry has been…
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Jio Platforms has appointed 17 investment banks, including global giants, to manage its upcoming IPO, signaling the formal start of preparations for what could be India’s largest-ever listing. This move follows regulatory clarity on minimum public shareholding norms, allowing companies…
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Goldman Sachs has cut India’s growth forecast by 50 basis points due to the West Asia conflict, which uniquely impacts India’s exports, energy imports, and remittances simultaneously. The firm anticipates the rupee could weaken to 95 against the dollar within…
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The Sensex advanced 862 points to 76,926.55, while the Nifty 50 rose over 247 points to 23,828. The rally added around Rs 7 lakh crore to the total markcapitalisation of BSE-listed companies, taking it to more than Rs 440 lakh…
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