• Finance
  • IRDAI and CCI approve acquisition of L&T General Insurance by HDFC ERGO

    MUMBAI: The insurance regulator and competition commission today approved the acquisition process of L&T General Insurance by HDFC ERGO General Insurance. In a statement HDFC ERGO General Insurance said that it has completed the acquisition of 100% shares of L&T General Insurance for Rs 551 crores. Post necessary approvals L&T Insurance is proposed to be […]

  • Finance
  • Domino’s fails to deliver for Jubilant, firm loses Rs 6,200 crore in market value

    A day after Jubilant FoodWorksBSE 1.87 % (JFL) announced that Chief Executive Ajay Kaul would be leaving next year, the stock slumped 6 per cent. The operator of the country’s largest fast-food chain, Domino’s Pizza, recouped some of those losses since that Tuesday plunge but investors have been wary for a while now. JFL’s market […]

  • Finance
  • US Fed Leaves Rate Unchanged

    The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank’s latest policy statement, said U.S. growth was looking stronger and rate increases would be needed […]