Mercedes-Benz India CEO Seeks Lower Import Duty on Luxury Cars
Mercedes-Benz India CEO Santosh Iyer calls for rationalising customs duty on imported luxury cars to boost market growth and align with global standards.
Mercedes-Benz India CEO Santosh Iyer calls for rationalising customs duty on imported luxury cars to boost market growth and align with global standards.
Financial Services Secretary M Nagaraju directs LIC to intensify digital and mobile strategies to achieve national insurance coverage targets and improve customer engagement.
LIC sold 12.70 crore shares of ICICI Bank, lowering its stake from 6.737% to 4.731%. The move comes just before the bank's Q3 earnings report on January 17.
Returning officers in Pune's municipal elections are working non-stop for 72 hours as polling and counting happen back-to-back, with many officials away from home for days.
Life Insurance Corporation of India has raised its stake in Sun Pharmaceutical Industries to over 5% through a recent open market purchase, as per exchange filings.
Kalyan-Dombivli Municipal Corporation registers FIR against 80 Pawar Public School employees for missing mandatory election training ahead of civic polls. Officials warn of strict legal consequences for non-compliance.
The Confederation of Indian Textile Industry urges the government to permanently scrap the 11% cotton import duty, warning it hurts competitiveness amid supply shortages.
Thane Municipal Corporation registers criminal case against a private school for refusing to deploy teachers for election duty. Officials warn of strict action for absenteeism.
A Booth Level Officer in Uttar Pradesh's Bijnor was found dead. His family alleges extreme work pressure from SIR duties led to the tragedy. Police investigation underway.
Thane Municipal Corporation issues final warning to 2,128 employees who missed mandatory election training. Officials threaten criminal cases as crucial polls near. Read details.
Maharashtra teachers and school staff deployed on election duty work 30-35 hours straight, demanding a sanctioned paid rest day. The association cites exhaustion and late-night travel as major concerns.
A 56-year-old Nagpur lecturer, scheduled for chemotherapy on Jan 15, is forced into election duty. Despite appeals, her name remains on the list, risking FIR and job loss. Read her ordeal.
A 56-year-old Nagpur lecturer, a cancer patient, is forced into election duty on her chemotherapy date despite appeals. Over 500 officials face notices for skipping training. Read about this bureaucratic insensitivity.
Mumbai school staff on election duty urge Maharashtra govt for a paid rest day, citing 30+ hour shifts and immediate return to school. Read their plea.
The government may introduce a customs duty amnesty scheme in Budget 2026-27 to resolve Rs 1.52 lakh crore in litigation. Read about the plan to slash duty slabs and fix FTA-related inverted duty structures.
Assistant Sub-Inspector Ajay Kumar Pandey, 55, suffered a fatal heart attack while on Dial 112 duty in Bettiah. The dedicated officer was pronounced dead upon arrival at the hospital, sending shockwaves through the police force. Read the full story.
After 36 years as a modest player, LIC Mutual Fund targets ₹1 trillion AUM by tapping its parent's 1.48 million agents. Experts warn persistent underperformance of key equity schemes remains a major hurdle.
Dehradun's first multi-storey commercial building, the historic Mansaram building, is being demolished following a high court order. Residents mourn the loss of a key Art Deco landmark that shaped the city's skyline since 1940.
Uttar Pradesh Cabinet expands stamp duty concessions. Now, gifting commercial & industrial properties within family costs just Rs 5,000 stamp duty. Move aims to simplify & reduce cost of intra-family asset transfers.
Karnataka government expands stamp duty exemption on gift deeds among family members to include commercial and industrial properties, boosting real estate transactions. Learn the new rules and benefits.
India's new safeguard duty on select steel imports has led to a sharp price rise of up to Rs 8,000 per tonne. Industry warns of a 2% increase in construction costs, impacting real estate and auto sectors. Read more.
Women government employees in Nagpur face a clash as EVM distribution on Makar Sankranti, Jan 14, coincides with key festival rituals. Read how they are managing their dual responsibilities.
BMC Commissioner Bhushan Gagrani told Bombay HC that summoning court staff for poll duty was an 'inadvertent misreading' of SEC order. The court stayed the order and will clarify the law.
Bombay High Court reprimands BMC Commissioner for requisitioning court staff for election work. Bench orders civic chief to 'save' himself and find alternatives. Read the full story.
Punjab teacher associations demand Rs 2 crore compensation for a couple who died on election duty. They announce a state-level 'Insaf' rally in Moga on January 18. Read more.
LIC announces a special campaign offering up to 30% late fee concession for reviving lapsed non-linked policies. Act before March 2, 2026, to restore your insurance cover affordably.
LIC's stake in ITC plunges after a massive excise duty increase on cigarettes. Brokers downgrade stock, warning of price hikes and limited upside. Full analysis inside.
LIC development officers approach Calcutta High Court, stating 60-day election duty as EROs hampers their ability to meet crucial March 31 premium targets, risking job termination. Read the full details.
ITC shares hit a 3-year low after a steep excise duty hike on tobacco, eroding ₹72,300 crore in shareholder wealth. LIC faces a massive ₹11,460 crore loss. Key brokerages downgrade the stock.
Nagpur & Amravati crack down on election duty defaulters. Four headmasters face police complaints under new law, while 514 civic staff get show-cause notices. Read the full story.