News in brief
ICICI Lombard General Insurance posted a sharp decline in first-quarter earnings as higher claims payouts and increased commission expenses weighed on the company's profitability despite continued activity in India's insurance market. The insurer reported that profit after tax for the quarter......
India has summoned a senior Iranian diplomat following a reported missile attack in the Strait of Hormuz that allegedly killed one Indian sailor and injured eight others serving aboard commercial vessels. According to Indian government sources, the Ministry of External Affairs called in Iran's......
India’s Aditya Birla Group is set to significantly expand its renewable energy business after agreeing to acquire Sprng Energy from Shell in a transaction valued at approximately $1.8 billion, including debt. Announced by Grasim Industries, the deal ranks among the largest acquisitions in India’s......
India is tightening control over renewable energy infrastructure by requiring clean power developers to either give up unused grid connection rights or provide additional financial guarantees if they fail to generate electricity. The move is part of a broader effort by Indian authorities to ensure that......
India’s securities regulator is preparing a significant overhaul of its stock lending framework that would make short selling more accessible by expanding the number of eligible shares and easing collateral requirements, according to people familiar with the plans. The proposed reforms are designed......
The Indian rupee has come under renewed pressure as companies increasingly exploit pricing gaps between domestic foreign-exchange markets and offshore non-deliverable forward (NDF) contracts, a strategy that is boosting demand for U.S. dollars and reviving a longstanding challenge for policymakers. Market......
India’s state-owned refiners have purchased approximately 7 million barrels of crude oil through recent tenders, highlighting sustained import demand from one of the world’s largest energy consumers, according to trade sources. The combined purchases were made by Indian Oil Corporation (IOC)......
India's insurance regulator is preparing a major overhaul of commission structures for insurance distributors, aiming to curb policy mis-selling, lower distribution costs and strengthen consumer protection in one of Asia's largest insurance markets. According to sources familiar with the discussions,......
GoDaddy, the world's largest domain name registrar, has raised concerns over India's proposed measures to combat fraudulent websites, warning that the new regulatory approach could create unintended consequences for legitimate businesses and reshape internet governance beyond the country's......
The government of India has announced that it will send a senior delegation to attend the state funeral ceremony of former Iranian Supreme Leader Ali Khamenei, underscoring the importance New Delhi places on its long-standing diplomatic relationship with Tehran. The delegation will include Minister......
Medical technology company Zimmer Biomet has announced plans to recruit around 500 employees over the next three years as it scales up operations at its newly established technology centre in India, reinforcing the country’s growing role in global healthcare innovation. The expansion was outlined......
India has rejected media reports claiming that units of the Chinese People’s Liberation Army (PLA) had recently crossed into the northeastern state of Arunachal Pradesh and established military camps in the area. In an official statement, the Indian Army dismissed the allegations as unfounded,......
An Indian court has ordered the detention of eight men as part of an investigation into the alleged embezzlement of donations and offerings collected at the Ram Temple in Ayodhya, one of the country's most prominent religious sites. According to local media reports, the suspects include individuals......
