Tuesday, October 13
US President Donald Trump once more appears to be losing patience with Vladimir Putin's warfare in Ukraine, but it remains unclear whether he will actually toughen his stand against the Kremlin leader.The Republican billionaire, who returned to office in January vowing to end the war "in 24 hours," has long appeared to side with his Russian counterpart, frequently speaking of him with gushing admiration.Volodymyr Zelensky meanwhile has been a frequent target of Trump's ire, as seen with the spectacular dressing down of the Ukrainian leader in a tense Oval Office meeting in March. But the US president has in recent weeks shown growing frustration with Putin's position in deadlocked truce negotiations with Kyiv.And in statements made on Sunday, Trump, who is facing increasing calls from Repu
A U.S.-backed foundation tasked with supplying aid to Gaza said it began operations on Monday, delivering truckloads of food to designated distribution sites following uncertainty about whether any assistance had reached civilians.The aid plan, which has been endorsed by Israel but rejected by the U.N., appeared to be unfolding amid fierce Israeli attacks on the enclave, including on a school building where dozens of Palestinians sheltering inside were killed.Palestinians reported no sign of aid deliveries earlier on Monday, but the Gaza Humanitarian Foundation later confirmed that distribution to civilians had begun, a day after its chief unexpectedly stepped down."More trucks with aid will be delivered tomorrow, with the flow of aid increasing each day," it said in a statement.With food
Billionaire Mukesh Ambani, the chairman of Reliance Group, is entering a business which has grown suddenly in recent years: mutual funds. Jio BlackRock Asset Management, a 50:50 JV between Jio Financial Services of Reliance and the world’s largest asset manager, BlackRock Inc, has received a nod from India's markets regulator Sebi to start operations for their mutual fund business.“JioBlackRock Asset Management aims to digitally deliver institutional quality investment products to investors across India and contribute to the growth of the country’s investment ecosystem,” said Sid Swaminathan, the newly appointed Managing Director & CEO.Jio BlackRock Asset Management plans to launch a range of investment products in the coming months based on a "digital first" approach for retai
Foreign Direct Investment inflows have seen a steady rise, from $36.05 billion in FY 2013-14 to$81.04 billion (provisional) in FY 2024-25, the Ministry of Commerce and Industry said on Tuesday. The has been a 14 per cent increase in FY 2024-25 from $71.28 billion that was reported in FY 2023-24, the ministry said. The services sector emerged as the top recipient of FDI equity in FY 2024–25, attracting 19 per cent of total inflows, followed by computer software and hardware (16 per cent) and trading ( per cent). FDI into the services sector rose by 40.77 per cent to $9.35 billion from $6.64 billion in the previous year.There has also been a strong surge in manufacturing FDI, which grew by 18 per cent in FY 2024–25, reaching $19.04 billion compared to $16.12 billion in FY 2023–24.Mahar
Life Insurance Corporation of India (LIC) has recommended a final dividend of Rs 12 per equity share for the financial year 2024–25. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).The company's Board has also fixed July 25 as the record date to determine the eligibility of shareholders for the proposed dividend payout. Investors who hold LIC shares as of the record date will be eligible to receive the final dividend post-AGM approval.The dividend announcement follows a strong financial performance by LIC for the year ended March 2025. The company posted a profit after tax of Rs 48,151 crore, marking an 18.38% growth from Rs 40,676 crore in FY24. The total premium income stood at Rs 4,88,148 crore, up from Rs 4,75,070 crore in the previous
Finwizz Financial Services, a leading loan distribution intermediary, and Mywish Marketplaces (Wishfin), India’s pioneering digital lending marketplace, are merging to create a premier omni-channel financial product distribution platform, according to sources. The combined entity aims to become a dominant distribution channel for India’s top banks, NBFCs, fintechs, housing finance companies, and insurance providers, they said.The three founders of Finwizz—Rajeev Singhvi, Anil Mathew, and Syed Haseeb—would continue to hold a controlling stake in the merged entity. Wishfin is backed by marquee global investors, including Franklin Templeton, Sherpalo Ventures (early backers of Google), and General Catalyst. As part of the merger, Sherpalo Ventures and General Catalyst will also become
