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Govt announces key leadership changes in insurance sector
Dinesh Pant, managing director at Life Insurance Corporation of India, has been appointed whole-time member (actuary) at IRDAI, while Girija Subramanian, chairman-cum-managing director of The New India Assurance Company Limited, has been appointed whole-time member (distribution). Both appointments are for five years. The government has also reappointed Deepak Sood as whole-time member (non-life), extending his term by two years until 2028, and Rajay Kumar Sinha as whole-time member (finance and investment) for another two years until 2029, or until they attain the age of 65 years, whichever is earlier.
Star Air launches direct flights to Mundra, operations to commence from June 23
Star Air is launching new flights to Mundra, Gujarat, its 32nd destination. Services begin June 23. This connects Mundra, home to India's largest private port, with major cities. Flights will link Mundra to Mumbai and Hindon. This expansion aims to boost regional connectivity and economic growth. It offers convenient travel for business and tourists.
JSW Realty eyes Rs 1,600 crore Tata Capital loan for Mumbai office project
JSW Realty is nearing a significant deal to secure a Rs 1,600 crore loan from Tata Capital. This funding is earmarked for a new office development near Mumbai's Bandra business district. The five-year loan is expected to carry an interest rate between 9% and 11%. Discussions are ongoing, and the transaction is not yet finalized.
Vedanta demerger unlocks 20% value; Aluminium arm becomes most valuable
Vedanta's five companies unlocked approximately 20% value following a major corporate restructuring. While four newly demerged businesses experienced early gains that turned into losses on their stock exchange debut, their combined value, along with the residual entity, saw a significant increase. This demerger aimed to simplify the group's structure and unlock value for each pure-play business.
Ashoka Buildcon Ltd leads gainers in 'A' group
Aurionpro Solutions Ltd, Kalyan Jewellers India Ltd, Five-Star Business Finance Ltd and Shree Renuka Sugars Ltd are among the other gainers in the BSE's 'A' group today, 15 June 2026.
How Kalshi's Lopes Lara Turned Kylie Jenner Gossip Into Billions
It was early 2018 and the internet was abuzz with speculation as to whether Jenner, the reality TV star-turned-cosmetics-founder, was with child. Lopes Lara was interning at Five Rings, a New York trading firm, learning the art of making markets. She asked her peers what they thought of the hype — sensing an opportunity to create a novel wager — but none of the other interns had even heard of Jenner.
ESAF Small Finance Bank's total business crosses Rs 50,000 cr
ESAF Small Finance Bank has achieved a significant milestone. Its total business has now surpassed Rs 50,000 crore. Deposits reached Rs 26,197 crore and advances stood at Rs 23,832 crore. The bank also reported a net profit of Rs 24 crore for the fourth quarter ended March 2026. Asset quality improved with lower NPAs.
Cochin Shipyard among 5 F&O stocks with a sharp rise in futures open interest
Futures open interest in the NSE F&O segment rose sharply on June 11, with five stocks recording over 5% growth. Cochin Shipyard led the list, followed by Max Healthcare, Amber Enterprises, Nuvama Wealth, and Manappuram Finance, indicating fresh position build-up and heightened trading activity in select counters.
Vedanta Demerger: What happens to dividends after the five-way split?
Vedanta demerger has raised investor concerns, particularly as Vedanta’s aluminium business — historically contributing nearly half of the group’s EBITDA — will move into a separate listed company.
Super Micro tumbles 19% after unveiling $7 billion equity raise to fund AI server expansion
Super Micro is tapping capital markets to finance a growing AI server business backed by nearly $39 billion in orders. While analysts see the fundraising supporting long-term revenue growth, investors reacted negatively to the prospect of significant shareholder dilution.
RBI cancels registration certificates of 135 NBFCs
The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered their licenses. These actions are due to various reasons including exiting the business or ceasing to be legal entities. Many of the cancelled companies were based in West Bengal. This move impacts the financial landscape.
State Bank of India hands over Rs 8,813 cr dividend cheque to government for FY26
SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business crossed Rs 109 trillion during the year.