Private life insurer PNB MetLife India Insurance, on Monday announced the launch of a non-participating product, PMLI Small Cap Fund.

The product is a Unit Linked Insurance Plan (ULIP) that gives policyholders the chance to invest in a diversified equity portfolio with a focus on small-cap companies. The fund will be available at a unit price of Rs 10 during the New Fund Offer (NFO) period from February 19, 2024, to February 29, 2024.

The Tata Group is looking to partner with a Taiwanese company for its semiconductor plant in Dholera and is in talks with UMC Group and Powerchip Semiconductor Manufacturing Corporation for it, a report by The Economic Times (ET) said on Tuesday citing officials aware of the development.

The company has also reportedly finalised the details of the land and will break ground soon. It will first make 65 nanometer (nm) chips at the plant and gradually move to 48 nm and 28 nm.

Hindustan Aeronautics Limited (HAL), with support from the Defence Research and Development Organisation (DRDO), will be involved in the Rs 60,000 crore worth upgrade of the Su-30MKI fighter jet fleet, according to a report by the Economic Times (ET). The project, approved by the defence ministry, aims to enhance the aircraft's capabilities with new radars, mission control systems, electronic warfare capabilities, and integration of new weapon systems.

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in a loan fraud case was "without application of mind and due regard to the law", amounting to an "abuse of power", the Bombay High Court has said.

A division bench of Justices Anuja Prabhudessai and N R Borkar had on February 6 held the Kochhars' arrest as illegal and confirmed a January 2023 interim order passed by another bench granting them bail.

England captain Ben Stokes was unhappy with the Decision Review System (DRS) after losing the third Test against India by 434 runs in Rajkot.

While talking to media persons, Stokes highlighted Zak Crawley's dismissal, which was sent upstairs for DRS, had wrongly mentioned the umpire's call even if the ball was not hitting the stumps.

The Tamil Nadu government on Monday presented its budget for the year 2024-25, premising the exercise on the "7 grand Tamil dream," that included social justice and women's welfare at the core.

Finance Minister Thangam Thennarasu presented the budget and made a slew of announcements.

Tata CLiQ Luxury, the premier luxury lifestyle platform, is stepping up efforts to scale up the pre-owned category of valuable products.

The platform recently forayed into this area, which is a growing segment in the country. It is being driven by consumers’ desire to own rare and unique products and be more sustainable in their purchases.

UP Global Investors Summit: Prime Minister Narendra Modi, on Monday, will inaugurate about 14,000 projects amounting to over Rs 10 trillion at an event in Uttar Pradesh. The event will focus on the execution of the investment proposals received for the state during the UP Global Investors Summit 2023 held in February last year.

The Indian Army is set to issue a Request for Proposal (RFP) this year for a project worth an estimated Rs 57,000 crore to produce 1,770 Future Ready Combat Vehicles (FRCVs) in India, slated to replace the ageing Russian-origin T-72 tanks from 2030 onwards, according to a report by the Times of India (TOI).

These FRCVs will incorporate cutting-edge technologies, including artificial intelligence (AI), drone integration, active protection systems, and enhanced situational awareness. They will also feature manned-unmanned teaming capability and seamless integration into network-centric warfare environments.

The unexpected missile attack on a second India-bound ship carrying Russian crude, just three weeks after the first, has complicated matters for domestic refiners.

India now counts the Vladimir Putin-led nation as its biggest oil supplier, according to Paris-based market intelligence agency Kpler, and these attacks come on top of US sanctions since December, where vessels that bring crude to India are facing heightened scrutiny.

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