Author: NNI Editor
The Centre has set in motion the process of identifying next Chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) with incumbent Debasish Panda’s three-year term coming to end in a few days.The applicant should have a minimum of two years residual service as on date of vacancy, which is March 14, 2025, the Union Finance Ministry’s Department of Financial Services said, inviting applications. As per provisions governing the terms of office, no one can hold the office of Chairperson on attaining 65 years of age. The consolidated pay and allowances for the post is ₹5,62,500 per month…
Stock markets slipped on Monday (March 10, 2025) as investors fretted over the impact of President Donald Trump’s trade policy on the economic growth of the United States and China, the world’s biggest economies.Wall Street’s three main indexes opened in the red, with the tech-heavy Nasdaq falling 2%, after Mr. Trump himself declined to rule out the risk of a U.S. recession.Also Read | Self-inflicted injury: On Trump tariffs and the U.S. economy “I hate to predict things like that,” he told a Fox News interviewer on Sunday when asked directly about a possible recession in 2025.”There is a period of…
A file photo of officials inspecting an illegal gas refilling unit. | Photo Credit: Photo for representation only The Grahak Dakshata Kalyan Foundation has sought action against five outlets in Dakshina Kannada district of Karnataka, which are said to be illegally providing domestic gas to hotels and other commercial establishments.Talking to reporters, the foundation’s Karnataka unit president N. Chetan Kumar said they have found two outlets in Mangaluru taluk, and one each in Kadaba, Puttur and Sullia taluks where gas from domestic gas cylinders is being transferred into commercial gas cylinders, and being sold to commercial establishments at the rate…
Air India Express inducted its 100th aircraft, a Boeing 737-8, which features Chittara art, inspired by Karnataka’s traditional mural painting, on its tail, on March 10, 2025. | Photo Credit: Special Arrangement Air India Express inducted its 100th aircraft, a Boeing 737-8, which features ‘Chittara’ art, inspired by Karnataka’s traditional mural painting, on its tail, on March 10.The airline said that each aircraft in the Air India Express fleet is adorned with its unique ‘Tales of India’ tail art theme, and showcases the country’s diverse artistic heritage.The livery features indigenous textile motifs and traditional art forms, such as Ajrakh, Bandhani,…
Takashi Nakajima. File | Photo Credit: Special arrangement Honda Motor Co., Ltd. has appointed Takashi Nakajima as the new president & CEO of Honda Cars India Ltd (HCIL). He will take charge from April 1, 2025, consequent to the management changes announced annually by the parent company.Mr. Nakajima will take over from Takuya Tsumura, who moves to Honda’s head office in Japan after completing his India tenure.During his three-year tenure in India, Mr. Tsumura was instrumental in fortifying the premium brand positioning of Honda in India, strengthening customer centric solutions, and driving company’s profitable growth, HCIL said in a statement.Mr. Nakajima…
A roadside currency exchange vendor counts notes in New Delhi, India, February 10, 2025. | Photo Credit: REUTERS The rupee depreciated by 38 paise, its steepest fall in over a month, to close at 87.33 (provisional) against the U.S. dollar on Monday (March 10, 2025) due to volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds. A weaker American currency failed to support the local unit as a sell-off in the domestic equity market hit the sentiment adversely, forex traders said. At the interbank foreign exchange, the rupee opened weak at 87.24 and touched the…
Representative image | Photo Credit: Reuters The reforms aim to provide SMEs with a sound track record an opportunity to raise funds from the public while protecting investor interestsMarkets regulator Sebi has notified a stricter regulatory framework for small and medium enterprise (SME) IPOs by introducing a profitability requirement and capping a 20% limit on offer-for-sale (OFS).The reforms aim to provide SMEs with a sound track record an opportunity to raise funds from the public while protecting investor interests.This move follows a rise in SME issues, which has driven significant investor participation.With regard to profitability criteria, Sebi said SMEs planning…
Ananya Shanbhag, Suchitra Mattai, Adam J. Graves and Sajda Pathan pose on the red carpet during the Oscars arrivals at the 97th Academy Awards in Hollywood, Los Angeles | Photo Credit: Reuters As actor Ananya Shanbhag shone on the 97th Oscars red carpet in her ivory and gold corset and skirt ensemble, designer Poornima Indrajith couldn’t help but smile. “She was so excited, she felt the dress turned out better than she had imagined. She would call from the Oscars venue at 3am IST to share the attention the dress was drawing,” laughs Poornima. Ananya, a 21-year-old performing arts student, from…
The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.It comes just days after Seven & i–which for two decades has wholly owned 7-Eleven, the world’s biggest convenience store brand–announced measures including a huge share buyback to fend off a takeover from Canada’s Alimentation Couche-Tard (ACT).Seven & i last year rebuffed ACT’s initial buyout offer worth nearly $40 billion, saying it had “grossly” undervalued its business and could face regulatory hurdles.It would be the biggest foreign takeover of a Japanese firm–merging the…
Representative image | Photo Credit: Reuters Falling for the third day in a row, gold prices retreated by ₹150 to ₹88,750 per 10 grams in the national capital on Monday (March 10, 2025) amid a weak trend in the overseas markets, according to the All India Sarafa Association.The precious metal of 99.9% purity had settled lower at ₹88,900 per 10 grams on Friday (March 7, 2025).Gold of 99.5% purity slipped by ₹150 to ₹88,350 per 10 grams from the previous close of ₹88,500 per 10 grams.Silver prices also declined by ₹250 to ₹99,250 per kg, snapping the four-day winning run.Comex…