AI representational image Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.Videocon exited the joint…
‘Bar on board meets applies only to SRTT’ Reprieve For Tata Trusts: Maharashtra Charity Commissioner Clarifies Order Issued Last WeekThe Maharashtra charity commissioner on Monday clarified that its order freezing board meetings applies only to Sir Ratan Tata Trust and not to other Tata trusts, providing significant relief to the Noel Tata-headed philanthropic group.The clarification…
Top stocks to buy today (AI image) Stock market recommendations: Bajaj Finserv, and Tata Elxsi are the top stocks to buy as per Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan’s recommendation for May 19, 2026. The expert has identified TVS Motor Company as a sell call:Bajaj Finserv: Buy in the range between…
MUMBAI: The legal cases that the Adani Group and its various top officials, including Gautam Adani, the group’s chairman, were facing in the US came to an end on Monday.Adani Enterprises (AEL), the flagship of the Ahmedabad-based Adani Group has paid $275 million (about Rs 2,650 crore at Monday’s exchange rate) to settle a case…
Petrol and diesel prices across the country registered another increase on Tuesday, rising by around 90 paise per litre. This marks the second hike in fuel rates in less than a week.Diesel prices have gone up by 91 paise per litre, while petrol has become costlier by 87 paise per litre. The latest revision follows…
BENGALURU: Cognizant has said its board approved a $2 billion increase to its existing share repurchase programme and raised its 2026 share buyback target to $2 billion, up from the earlier target of $1 billion. The additional $1 billion in buybacks is expected to be completed during the Sept quarter of 2026.The announcement pushed Cognizant’s…
MUMBAI: Foreign fund buying helped sensex settle marginally higher on Monday, despite crude oil prices continuing the recent uptrend and rupee hitting a new record low against the dollar. Some short covering during the closing hours of the day’s session also helped the up move on Dalal Street, market players said.With fresh tensions brewing between…
A jury in Oakland, California, ruled on Monday that Elon Musk waited too long to sue OpenAI and its leaders, dealing a major win to the company and its founders.After about 90 minutes of deliberation, the jury found that Musk’s lawsuit was barred by the statute of limitations.The case had threatened to disrupt OpenAI as…
In a significant relief for Gautam Adani, the US Justice Department has withdrawn criminal charges and closed the securities and wire fraud against the billionaire businessman, according to a court filing cited by PTI.“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these…
With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier…
