India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Mumbai: Life Insurance Corporation of India has announced a LIC Executive Director appointment, elevating two senior officials to key leadership roles at its Central Office. The appointments became effective on April 6, 2026. Smt. Lata Madampath has taken charge as Executive Director (Personnel), while Mr. Gourab Chand assumed the role of Executive Director (Chief Life Insurance Advisor). The LIC Executive Director appointment brings experienced leadership to critical functions. Lata Madampath has over 35 years of service in LIC. She began her career in 1990 and later joined as a Direct Recruit Officer in 1992. She has handled multiple roles across personnel, claims, and customer services. Her assignments include divisional and zonal leadership roles, along with positions at the Central Office Mumbai. Meanwhile, Gourab Chand has served LIC since 1992. He started as an Assistant Administrative Officer and later led major divisions such as Asansol, Kolkata-Suburban, and Howrah. His experience across regions supports his new role as Chief Life Insurance Advisor. This aligns with LIC's strategy to strengthen insurance leadership India.
Mumbai: Domestic institutions, including mutual funds and Life Insurance Corporation of India (LIC), hold the key to allowing Subhash Chandra-led promoter entities to increase their stake in Zee Entertainment Enterprises Ltd. That's when Norges Bank, the company's largest overseas investor, has given its assent. LIC (4.49%), HDFC Mutual Fund (3.66%) and ICICI Prudential Mutual Fund (3.04%) together own over a tenth of the outstanding shares of Zee as of 31 March, making their decision crucial. HDFC Life Insurance (1.57%) is another significant shareholder. Zee has intensified its outreach to ...Read More >
New Delhi, Oct 26 (PTI) Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 million) debt investment in Adani's Mumbai International Airport, joined by several leading internati ...Read More >
NEW DELHI: Government is all set to allow 100% foreign direct investment in insurance business, paving the way for large companies to enter the market on their own, while allowing individual insurance agents to hawk policies of multiple companies, lifting the cap on being associated with only one life and general insurer. The twin measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month. On August 19, TOI was the first to report about the proposed increase in the FDI ceiling, a suggestion which ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
Mumbai: State Bank of India's (SBI) record ₹25,000-crore institutional share sale was bid more than four times the stock on offer, with marquee names such as the $11-trillion asset manager BlackRock Group and London hedge fund Marshall Wace joining the queue to buy into the mass lender's first such capital-raising in eight years, people familiar with the bids told ET. Against ₹25,000 crore of stock SBI offered in India's biggest qualified institutional placement (QIP) to date, the most-valued government asset drew bids worth ₹1.10 lakh crore from about 120 interested parties. Market sources s ...Read More >
New Delhi, Oct 25: The Congress, on Saturday, demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation (LIC) following an US media report that the public sector company made huge investments in Adani Group's securities after they took a beating in the markets. However, the LIC denied the allegations as "false, baseless, and far from the truth". Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC's 30 crore policyholders were "systematically misused" to benefit the Adani Group. In a statement, Ramesh sai ...Read More >
New Delhi: Congress leader Sonia Gandhi flagged the challenges faced by ASHA and Anganwadi workers in the Rajya Sabha, demanding that they be given their remuneration on time, the amount given be doubled and the pending vacancies of nearly three lakh in ICDS be filled. Raising the issue during Zero Hour, Gandhi said, "I rise to draw the urgent attention of this House to the continued distress of women workers implementing critical government programmes -- ASHA workers, Anganwadi workers and help ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter session. The finance minister, in this year's Budget speech, proposed to raise the foreign investment ...Read More >
JAMMU, Oct 17: Life Insurance Corporation of India (LIC), the country's largest life insurer today announced the launch of two new insurance products 'Jan Suraksha' and 'Bima Lakshmi' Plans in a function held here today. The plans were launched by R Doraiswamy, CEO & MD, Life Insurance Corporation of India (LIC). The new plans are available for sale from October 15, 2025. These launches align with LIC's continued focus on strengthening its product portfolio and catering to the evolving protection and savings needs of customers. The first product, LIC's Jan Suraksha, is a non-participating, ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. The third dividend cheque of Rs 1,616 crore for FY 2024-25 was presented to Finance Minister Sitharama ...Read More >
Life Insurance Corp. of India said it makes independent investment decisions, pushing back against a Washington Post report that alleged Indian officials influenced the company to plow money into billionaire Gautam Adani's businesses. LIC, the country's largest institutional investor, gets board approval and carries out due diligence before making investments, it said in a post on X. The state-run insurer denied the Post report on Friday that said government officials pushed a proposal in May for it to invest about $3.9 billion in Adani companies. ...Read More >
NEW DELHI: Life Insurance Corporation of India (LIC) on Sunday said Sat Pal Bhanoo has been given additional charge of MD and CEO of the insurance company following approval of the department of financial services.Bhanoo will be leading the company for a period of 3 months with effect from June 8 or till assumption of charge of the post by the regular incumbent.Bhanoo is the seniormost among the four LIC MDs. The vacancy was created after the completion of the term of Siddhartha Mohanty as CEO and MD of LIC on June 7. Mohanty had joined the insurance giant in 1985. ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Group is Rs 42,600 crore. On equity side, LIC owns 4% of Adani stocks (Rs 60,000 crore), compared with ...Read More >
New Delhi: The Congress party on Saturday demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation of India (LIC) following a US media report alleging the public sector company made significant investments in Adani Group's securities after they suffered market losses. However, the LIC denied the allegations, calling them "false, baseless, and far from the truth." The opposition party's attack was spurred by a report in The Washington Post, which, citing internal documents, claimed Indian officials drafted and pushed through a proposal in May 2025 ...Read More >
New Delhi, Jul 10 (PTI) Life Insurance Corporation (LIC) has reported a 14.60 per cent year-on-year (YoY) increase in individual premium in June 2025, higher than 12.12 per cent growth in premium income of private life insurers, Life Insurance Council data showed on Thursday. In June 2025, LIC collected Rs 5,313 crore in individual premium, compared to 25 private sector companies, which together accounted for Rs 8,408 crore. During the month of June 2025, total policies issued by LIC stood at 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category, LIC is ...Read More >
New Delhi, Dec 17 (PTI) Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the legislation to a parliamentary panel for further scrutiny. Replying to a debate on the ...Read More >
New Delhi: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the legislation to a parliamentary panel for further scrutiny. Replying to a debate on the bill, Financ ...Read More >
New Delhi: A bill seeking to raise Foreign Direct Investment (FDI) in India's insurance sector to 100 percent was introduced in the Lok Sabha on Tuesday, sparking protests from opposition parties. The bill, titled Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, aims to amend the Insurance Act, 1938, LIC Act, 1956, and IRDAI Act, 1999. Union Finance Minister Nirmala Sitharaman said the government has always focused on providing insurance for common people, including marginal sections of society, even during the Covid pandemic. She stated she was ready to address all objections ...Read More >
BusinessWire India Bengaluru (Karnataka) [India], September 16: Guidewire, a leading insurance technology provider for non-life insurance companies, announced the opening of its new office at Prestige Tech Park, Bengaluru. The move to a larger facility is indicative of Guidewire's tremendous growth in India as it continues to advance cloud-native solutions, attract top engineering talent, and help non-life insurers become digital-first companies. With more than 570 insurers in 43 countries relying on the Guidewire platform, the India teams play a pivotal role in ensuring global customer succ ...Read More >
New Delhi [India], December 16 (ANI): Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill, 2025, titled "Sabka Bima Sabki Raksha", in the Lok Sabha, aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector in the country. The Bill seeks to amend key legislations, including the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority of India (IRDAI) Act, 1999. The proposed amendments are aligned with the government's long-te ...Read More >
New Delhi [India], December 16 (ANI): Congress Parliamentary Party Chairperson Sonia Gandhi on Tuesday drew the attention of the Rajya Sabha to the ongoing distress faced by women workers implementing critical government programs, including ASHA workers, Anganwadi workers and helpers, and community resource persons under the National Rural Livelihood Mission. Speaking in the Rajya Sabha, Gandhi said, "I rise to draw the urgent attention of this House to the continued distress of women workers implementing critical government programs--ASHA workers, Anganwadi workers and helpers, and community ...Read More >
Gurgaon: The India Meteorological Department (IMD) has issued an orange alert for heatwave conditions in the southern and southwestern parts of Punjab and Haryana from June 9 to 11, warning of a sharp rise in temperatures that could touch 43-46°C in some areas. According to the Meteorological Centre in Chandigarh, maximum temperatures across southern and western Punjab were already hovering between 40°C and 42.6°C on Sunday, with Bathinda recording the highest at 42.6°C. Meanwhile, northern and eastern parts, including Chandigarh, saw temperatures between 37°C and 40°C.IMD forecast that maximu ...Read More >
Pune: Around 3,000 govt employees staged a protest at the collector's office in Pune to list their demands and criticise some of the policies taken by the central and state govt.The protest was in line with the nationwide strike against some of the policies, including privatisation and the proposed Special Public Safety Act."Employees from public sector banks, Life Insurance Corporation of India (LIC), anganwadis, Asha workers, and Bharat Sanchar Nigam Ltd (BSNL) participated in the strike," Vasant Pawar, general secretary of the Centre of Indian Trade Unions (CITU), said.Workers from industri ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been locked inside the car for several hours. The extreme heat and humidity had made his condition critic ...Read More >
New Delhi: The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said on Friday. "All data room protocols have been finalized for interested bidders," Chawla told reporters, indicating that the divestment process is now ready to move into its final stages. "We hope to invite the financial bids by Q3, FY26," he said, adding that the government is aiming to finalize the win ...Read More >
Bengaluru (Karnataka) [India], September 16: Guidewire, a leading insurance technology provider for non-life insurance companies, announced the opening of its new office at Prestige Tech Park, Bengaluru. The move to a larger facility is indicative of Guidewire's tremendous growth in India as it continues to advance cloud-native solutions, attract top engineering talent, and help non-life insurers become digital-first companies. Also Read | BNB, Ethereum, and XRP Climb As Bitcoin's Market Share Slips. With more than 570 insurers in 43 countries relying on the Guidewire platform, the India tea ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. Also Read | Stocks To Buy or Sell Today, July 18, 2025: Hitachi Energy India, NTPC, HCL Technologies Among Shares That May Remain in Focus on Friday. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fi ...Read More >
NEW DELHI: Congress Saturday demanded that Parliament's Public Accounts Committee (PAC) probe the LIC after a Washington Post report claimed the state-run insurer made huge investments in Adani Group securities after they took a beating in the markets. Congress spokesperson Jairam Ramesh termed the report a "disturbing revelation" about the savings of LIC's 30 crore policyholders being "systematically misused" to benefit Adani Group. Congress president Mallikarjun Kharge took a swipe at the govt on X, saying in Hindi that "the real beneficiaries of Direct Benefit Transfer are not the common pe ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across c ...Read More >