Business

A California jury ordered Johnson & Johnson to pay $40 million to two women who claimed its talc-based baby powder caused their ovarian cancer. The women testified that decades of use led to major surgeries and chemotherapy. Johnson & Johnson plans to appeal, stating the verdict is aberrant and lacks evidence. A California jury on…

MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and…

NEW DELHI: Finance ministry’s initiative to improve grievance redressal, which began in June this year has significantly improved performance of public and private sector entities, the ministry said on Friday.It had put in place a ranking system for banks and public sector insurance companies based on quality and timely resolution of complaints. Ranking of private…

The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…

NEW DELHI: Retail inflation inched up marginally in Nov from a record low in Oct, led by an some uptick in prices of vegetables, eggs, meat and fish, spices – prompting experts to say that it is expected to remain benign for now.Data released by the National Statistics Office (NSO) on Friday showed retail inflation,…

Rupee depreciation: Experts are of the view that this weakness may persist in the near term. (AI image) The rupee has been in a downward spiral versus the US dollar – hitting new historical lows and even crossing the 90 mark. The depreciation has been steep, and even more on a real effective basis. In…

The Union Cabinet on Friday approved a bill to raise the foreign direct investment (FDI) cap in the insurance sector to 100 per cent, a major change aimed at deepening insurance penetration and accelerating sectoral growth, PTI reported citing sources.The proposed legislation — the Insurance Laws (Amendment) Bill, 2025 — is among 13 bills listed…

NEW DELHI: The Union cabinet on Friday approved a bill which seeks to open the highly restricted nuclear power sector to private companies and also crucial for the country’s goal of achieving 100 gigawatt nuclear power capacity by 2047.The approval of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, paves…

The US Transportation Department has warned New York that it could lose $73 million in federal highway funds after an audit found thousands of immigrant commercial driver’s licences (CDLs) were allegedly issued without proper verification, Transportation Secretary Sean Duffy said on Friday, AP report.Duffy said federal investigators reviewed 200 non-domiciled commercial licences and found more…

Pakistan on Friday signed a memorandum of understanding (MoU) with global crypto exchange Binance to explore tokenisation of sovereign and real-world assets of up to $2 billion, marking one of the country’s most significant steps toward adopting blockchain-based financial infrastructure, PTI reported.The MoU was signed at the Finance Division by Finance Minister Muhammad Aurangzeb and…