CHENNAI: Cholamandalam MS General Insurance Company (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, posted a 28.3% dip in Profit after Tax (PAT) at Rs 91 crore in the quarter ended Sept 30, 2025, against Rs 127 crore in the corresponding last year. Its Gross Written Premium…
India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…
For most Indian households, gold represents safety — a store of value kept securely in lockers. But increasingly, more Indians are discovering how to make idle gold work through loans, monetisation schemes, leasing options, and even digital gold funds.According to a Morgan Stanley report, cited by ET, Indian households collectively hold 34,600 tonnes of gold,…
File photo: Union minister Hardeep Singh Puri (Picture credit: PTI) Union petroleum and natural gas minister Hardeep Singh Puri on Tuesday said there is sufficient crude oil supply in the global market and disruptions in one source can be offset by alternative streams. Speaking at an interactive session, Puri asserted that “trade is not governed…
File photo (Picture credit: AP) Apple has reached a historic milestone, becoming the third Big Tech company to cross $4 trillion in market value, driven by strong demand for its latest iPhone lineup.The company’s shares were last up 0.2 per cent at $269.2 in early trading on Tuesday, marking a record high, reported news agency…
Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite fresh US sanctions, as the measures target specific Russian suppliers rather than the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier, Rosneft, which handles nearly 45 per cent…
A majority of car buyers have used recent GST reductions not to save money but to upgrade to higher-end models and brands, according to a new study. As per news agency PTI, around 80 per cent of buyers surveyed said they used the tax relief to switch to a better model, brand, or premium add-ons…
File photo: President Droupadi Murmu (Picture credit: ANI) India is working not only to achieve its clean energy goals but also to emerge as a global hub that aggregates global solar demand and drives innovation, manufacturing and knowledge exchange by 2050, President Droupadi Murmu said on Tuesday.Addressing the 8th Session of the International Solar Alliance…
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for the Rabi season 2025-26 on Phosphatic and Potassic (P&K) fertilisers.The decision was announced by Union minister Ashwini Vaishnaw at a cabinet press briefing held on Tuesday. The approved rates will be effective from October 1, 2025, to…
8th Pay Commission news: In a big cheer for central government employees, PM Narendra Modi-led Union Cabinet on Tuesday approved the Terms of Reference for the 8th Central Pay Commission.In January 2025, the Government announced the formation of the 8th Central Pay Commission to review and propose revisions to the salaries and benefits of Central…
