Market News
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LIC CFO Sunil Agrawal resigns to pursue other opportunities
Resignation to take effect from July 14; Agrawal to cease as Chief Financial Officer and Key Managerial Personnel of the insurer.
RBI expands digital fraud protection, introduces compensation for small-value scam victims
The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation mechanism for small-value frauds. Eligible victims can receive up to 85% of their losses, subject to a cap of ₹25,000. The rules take effect from January 1, 2027.
Iran Claims 'Conclusive Evidence' Of Regional Support In US-Israel Strikes, Warns Of Legal Action
Esmail Baghaei that Iran would take "whatever action is needed" in response to the attacks.
IRCON JV bags ₹763 crore Tripura power project; RVNL's Saleem Ahmad to take CMD charge
IRCON's joint venture has secured a ₹763 crore smart grid project in Tripura, with the company's share at ₹198 crore. Separately, the Railways Ministry has named RVNL chief Saleem Ahmad as IRCON's interim CMD from July.
Adani Group to invest Rs 90,000-Rs 1 lakh crore across airports in next 5 years as Mundra commercial operations take off
Adani Group plans a massive Rs 90,000-1 lakh crore investment in its airports over five years, Jeet Adani revealed. The group will aggressively bid for 11 new airports as the government opens private bidding. This expansion aims to significantly boost India's aviation economy. The launch of commercial flights from Mundra airport, connecting to Mumbai and Goa, marks a key step in transforming the region into a logistics hub.
Heineken Names Rafael Oliveira as CEO to Lead Turnaround
Oliveira will step down as CEO of coffee and tea company JDE Peet's NV to take the role at Heineken on Oct. 1
RBI Governor urges banks to treat MSMEs as long-term business partners
Reserve Bank Governor Sanjay Malhotra on Monday asked banks and lending institutions to internalise a fundamental reorientation in their approach towards MSMEs, and view them as long-term business partners rather than just a regulatory obligation. He said MSMEs collectively contribute 31 per cent of GDP, account for approximately 35 per cent of manufacturing output, and represent close to half of India's merchandise exports, while sustaining livelihoods for over 32 crore people. He also asked MSMEs to take ownership of growth by investing in technology, R&D and innovation as consumer preferences and expectations evolve, engage actively with RBI through their instruments and build and sustain relationships with your stakeholders creditors, suppliers and customers.
Greek Bailout Architect Likens British PM's Job To 'Re-Arranging Deck Chairs On The Titanic'
The warning comes as Andy Burnham is now expected to take over following Keir Starmer's resignation.
Who is Miten Sampat? Meet CRED's interim CEO as Kunal Shah joins META
While Kunal Shah will join Meta full-time, stepping away from CRED, Miten Sampat will take over as interim CEO of the Indian fintech startup.
Argentina vs Austria Live Streaming: Likely Lineups; How To Watch Messi In Action In FIFA World Cup Match?
Lionel Messi will be looking to take Argentina to the knock-out stage of the FIFA World Cup 2026.
UK Could See New PM By Mid-July If Starmer Successor Runs Unopposed
The new PM will take over mid-July if Andy Burnham is unopposed, or by the end of August, if there's an election.
L&T share price could rise another 15% as new growth engines take shape, CLSA says
CLSA highlighted the key differentiators of L&T's strategy that could yield the next multi-billion dollar businesses, which include largely addressable markets, IP-led growth, focus on high-margin products and globally competitive businesses.