Government-owned insurer Life Insurance Corporation of India (LIC) has earned a Guinness World Records title for selling the most life insurance policies in 24 hours. This historic achievement, verified by Guinness World Records, recognises the extraordinary performance of the corporation’s dedicated agency network on January 20, 2025. The state-owned insurer said in a statement that…
The Enforcement Directorate (ED) has uncovered several benami properties and shell companies linked to former UCO Bank Chairman and Managing Director SK Goel. A source close to the development told Zee Business, “SK Goel and his family created several shell companies to receive kickbacks from Concast Steel & Power Ltd. (CSPL).” The ED has reportedly traced and…
Government-owned Maharatna’ public sector company Power Grid Corporation of India Ltd (POWERGRID) on Wednesday said that the company’s estimated capex outlay will reach Rs 3,06,600 crore by 2032. The capex outlay refers to the total amount of funds a company spends on projects or investments over a specific period. It also includes all expenses or…
In adherence to a directive from the Bureau of Civil Aviation Security (BCAS), Delhi International Airport Limited (DIAL) has ended its association with Çelebi Airport Services and Çelebi Delhi Cargo Terminal Management at Indira Gandhi International Airport (IGIA). The security clearance for Çelebi entities was revoked on national security grounds. Çelebi Airport Services had been…
Cochin Shipyard, the PSU shipbuilding giant, reported a strong performance for the March quarter (Q4FY25), with consolidated net profit climbing 11 per cent year-on-year to Rs 287 crore. Revenue surged 37 per cent YoY to Rs 1,758 crore, compared to Rs 1,286 crore in the same quarter last year. The robust topline growth reflects strong…
Westlife Foodworld Limited, the operator of McDonald’s restaurants in West and South India, on Wednesday reported a sharp fall in its net profit as well as revenue for the fourth quarter (Q4) of FY25 on quarter-on-quarter (QoQ) basis. The company’s net profit declined by over 78 per cent to Rs 1.52 crore in Q4, compared…