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The launch is a significant milestone in Dilmah’s renewed focus on India Sri Lankan tea giant Dilmah group is set to foray in the Indian luxury market by launching Thambapanni, a luxury collection of Indian teas which will be available only to premium hotels in the country in the form of pyramid bags and loose…
Image used for representational purposes. File | Photo Credit: Reuters The Reserve Bank of India RBI has accorded its approval to Life Insurance Corporation of India (LIC) for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in HDFC Bank Ltd., the bank said in a filing with…
Read More “RBI allows LIC to increase holding in HDFC Bank from 4.11% to 9.99%” »
Maharashtra Food and Drug Administration (FDA) Commissioner Tukaram Mundhe’s attempts to disrupt the marketing chain, by targeting the celebrities who prop up the brand recall of manufacturers’ products, is an encouraging counterpoise to the consumer goods advertising landscape of today. This landscape has long suffered the consequences of a gross asymmetry: the person with the…
SEBI determines a deviation from the average price to be at a maximum of 3% in the CAS. All of Copthall buy orders were above this mark. | Photo Credit: Reuters Hours after SEBI Chairman Tuhin Kanta Pandey warned CAS manipulators of strict consequences, the regulator released an Ex-Parte interim order pulling up two investment…
Read More “SEBI fines two firms ₹3.7 crore for CAS manipulation” »
A large cargo ship at an industrial port in New Mangalore, India. | Photo Credit: Wirestock Data released by the Ministry of Commerce and Industry on August 13, 2026, showed India’s exports gaining momentum, despite the ongoing war in West Asia, driven in particular by the growth in export of merchandise (goods). In July 2026,…
Read More “How petroleum products are boosting India’s export growth” »
The reference is centred around an expansive definition given to ‘industry’ in a 1978 judgment by a seven-judge Constitution Bench, authored by Justice V.R. Krishna Iyer, in the Bangalore Water Supply and Sewerage Board v. A. Rajappa case. | Photo Credit: The Hindu A nine-judge Bench of the Supreme Court headed by Chief Justice of…
Crompton Greaves Consumer Electricals is targeting revenue of ₹250-300 crore from its newly launched super-premium brand Rhion over the next three years, Group Chief Financial Officer and Head of Strategy Kaleeswaran Arunachalam said. The company has invested around ₹30 crore in Rhion so far, primarily towards product development, brand initiatives, and tools and dies. It…
Read More “Crompton targets ₹250-300 crore revenue from super-premium Rhion brand” »
After the order, SpiceJet’s shares pared losses to trade down 2.1% at ₹10.95. | Photo Credit: Reuters An Indian court on Wednesday (August 19, 2026) said bankruptcy petitions filed by aircraft lessors against SpiceJet will be heard afresh by a new bench, after the airline reached a last-minute settlement with one lessor. The order is…
Read More “India’s SpiceJet bankruptcy cases to be reheard in setback for lessors” »
Bombay Stock Exchange. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed lower on Wednesday (August 19, 2026) as elevated crude oil prices amid a lack of a diplomatic resolution following the end of the U.S.-Iran ceasefire dented investor sentiment. The expiry of the temporary 60-day U.S.-Iran ceasefire without any meaningful diplomatic breakthrough…
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee fell 2 paise to close at 95.76 (provisional) against the U.S. dollar on Wednesday (August 19, 2026) as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge. A sharp decline in domestic equity…
Read More “Rupee falls 2 paise to settle at 95.76 against U.S. dollar” »