Finance minister Nirmala Sitharaman Mumbai: Finance minister Nirmala Sitharaman on Tuesday asked public sector general insurance companies to develop innovative products for emerging risks such as cyber fraud and diversify their portfolios to meet evolving consumer demands.She reviewed the performance of public sector general insurers – New India Assurance, United India Insurance, Oriental Insurance, National…
PepsiCo India Holdings Pvt Ltd reported a consolidated profit of Rs 883.39 crore and revenue from operations of Rs 9,096.62 crore for the calendar year 2024, according to a regulatory filing with the Registrar of Companies (RoC).The company’s total consolidated income, which includes other income, stood at Rs 9,268.04 crore for the year. This marks…
Vikram Singh Mehta named new Chairman of IndiGo IndiGo, India’s largest airline, appointed Vikram Singh Mehta as its new Chairman on Wednesday, replacing Venkataramani Sumantran. Mehta has served on the Board of InterGlobe Aviation Ltd (IndiGo) since May 2022.IndiGo confirmed that Mehta takes over from Sumantran, who concluded his five-year tenure as a board member,…
US stocks held steady Wednesday, maintaining their momentum after a sharp rebound brought major indexes within striking distance of record highs. Investors are eyeing corporate earnings, particularly from Nvidia, while digesting mixed global signals and recent retail sector updates.The S&P 500 rose 0.1% in early trading, continuing a steady climb driven by optimism that the…
NEW DELHI: India’s data centre (DC) sector attracted investments totalling approximately $15 billion since 2020 and is expected to witness an additional $20–25 billion in funding over the next six years, according to a report by real estate consultancy Colliers. Driven by a surge in cloud computing, artificial intelligence adoption, and digital transformation, India’s data…
US President Donald Trump‘s social media enterprise revealed its strategy on Tuesday to secure approximately $2.5 billion, with intentions to establish a “bitcoin treasury”, while confirming cryptocurrency‘s significant role in its portfolio.Trump Media & Technology Group, the operator of Truth Social platform, confirmed in its announcement that it has secured subscription arrangements with approximately 50…
Macy’s Inc. reported a decline in first-quarter sales and profit on Wednesday, but still managed to surpass Wall Street expectations. The department store chain, however, revised its full-year profit forecast downward, citing more cautious consumer behaviour and the rising cost impact from US trade tariffs.Sales for the three months ended May 3 dropped to $4.79…
NEW DELHI: With the Income Tax Return (ITR) filing deadline for Assessment Year 2025–26 extended from July 31 to September 15, 2025, a key question has surfaced: will this extension increase the government’s interest liability on tax refunds?TOI reached out to multiple tax experts to understand the implications of this move on both taxpayers and…
India’s power demand is projected to grow by 6.0–6.5 per cent annually over the next five years, driven by accelerating electric vehicle (EV) adoption, rapid expansion of data centres, and the development of green hydrogen projects, according to ICRA.“These three segments are expected to contribute to 20–25 per cent of the incremental demand over the…
Unacademy, one of India’s prominent edtech platforms, is undergoing a major leadership overhaul as co-founder and CEO Gaurav Munjal prepares to step down, with Sumit Jain set to take over, according to an Economic Times report citing people familiar with the matter.The transition marks a pivotal moment for the Bengaluru-based company, coming amid a broader…
