Business News

Parliament Clears Bill to Raise FDI in Insurance Sector to 100 Percent

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Parliament on Wednesday passed a bill to increase foreign direct investment (FDI) in the insurance sector to 100 per cent from the existing 74 per cent, a move aimed at boosting insurance penetration, lowering premiums and generating employment. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 was approved by the Rajya Sabha

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JioStar to Remain ICC Media Rights Partner in India Until 2027

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JioStar and the International Cricket Council (ICC) on Thursday clarified that JioStar will continue as the ICC’s media rights partner in India under the existing 2024–2027 agreement and has not withdrawn from the contract. The broadcaster will air upcoming ICC events, including the ICC Men’s T20 World Cup scheduled for February. In a joint statement,

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Rupee Hits New Closing Low of 90.37 as Outflows and Trade Uncertainty Weigh

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The rupee fell to a fresh closing low of 90.37 against the US dollar on Thursday, dragged down by persistent foreign outflows from both equities and bonds, along with uncertainty surrounding India’s trade deal with the United States. The currency briefly touched an intraday low of 90.49 before recovering slightly after the Reserve Bank of

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India’s Economy Gains Momentum in October on GST Cuts, Festive Demand: RBI Report

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Despite global economic challenges, India’s economy gained further momentum in October, supported by the rationalisation of goods and services tax (GST) rates and strong festival spending, according to the Reserve Bank of India’s (RBI) latest State of the Economy report. “GST collections improved over the previous month, signalling a solid rise in consumer demand,” said

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Centre to Table Bill in Winter Session to Allow 100 Percent FDI in Insurance Sector

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In a major push for the insurance industry, the Centre is set to introduce a bill in the upcoming Winter Session of Parliament to raise the foreign direct investment (FDI) limit in the sector to 100%, up from the current 74%. The session will run from December 1 to December 19, with 15 working days.

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Deepfakes Threaten Privacy and Dignity in India, Experts Warn

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AI-generated deepfakes are emerging as a serious danger in India — not just as a tool for scams, but as a means of manipulation and public shaming that violate personal dignity and trust, according to experts. These synthetic videos and audios are being misused in a variety of settings: corporate fraud, political smears, and attacks

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Reliance Jio Unlocks Access to Google’s Gemini 3, Extends Free AI Pro Plan to All 5G Users

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Reliance Jio has expanded its Jio Gemini offer by enabling access to Google’s newly launched Gemini 3 AI model for all customers on its unlimited 5G plans. The upgrade comes as part of the ongoing 18-month complimentary Google AI Pro subscription that Jio offers to eligible users. Originally restricted to subscribers aged 18–25, the free

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New Income Tax Act to Take Effect From April 2026, Revised ITR Forms Expected by January

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Taxpayers will soon get their first glimpse of the compliance framework under India’s new income tax regime. The Central Board of Direct Taxes (CBDT) plans to notify the revised Income Tax Return (ITR) forms and related rules under the Income Tax Act, 2025, by January, ensuring businesses and individuals have ample time to adjust before

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India’s GST Collections Rise 4.6% in October to ₹1.96 Trillion Despite Rate Cuts

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India’s gross Goods and Services Tax (GST) collections rose 4.6% year-on-year to ₹1.96 trillion in October, driven by strong festive season demand despite recent tax rate cuts, according to government data released on Saturday. The rise came even after GST rates were reduced on 375 items — including household goods, electronics, and automobiles — effective

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