finance – THE ECONOMIC INDIA

24 Oct

HDFC ERGO Highlights Why Employer Health Cover May Not Be Enough for Every Family

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Mumbai (Maharashtra) [India], October 22: Employer-provided health insurance can be useful, but it may not match every household’s needs. A family may include young children, ageing parents or members with different medical requirements, while employer cover follows a common group structure. HDFC ERGO is drawing attention to these gaps and encouraging families to understand what their workplace policy covers. The message is not that employer cover lacks value, but that families should know where additional protection may be needed. Job Changes Can Interrupt Health Cover for the Whole Family Employer health insurance is linked to employment. When an employee leaves…

22 Oct

Varmora Granito Shares Climb Nearly 6% as H1 Profit Jumps 498% to Rs 53.7 Crore

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Revenue rises 3.3% to Rs. 714.2 crore in the first half of FY27, with a strong recovery in the September quarter Ahmedabad (Gujarat) [India], October 22: Varmora Granito Limited reported a 498% year-on-year increase in profit after tax (PAT) to Rs. 53.7 crore for the first half of FY27, supported by a recovery in the September quarter and growth in its premium tile and technical product portfolio. The company’s revenue from operations for the six months ended September 30, 2026, rose 3.3% year-on-year to Rs. 714.2 crore. These are Varmora’s first financial results since its shares were listed on the…

21 Oct

Driving Much Less Than Last Year? What to Review at Car Insurance Renewal

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Mumbai (Maharashtra) [India], October 21: Driving habits can change quickly. A daily office commute may disappear, a second car may become the main vehicle, or public transport may take over weekday travel. If your car has covered far fewer kilometres this year, renewal is a good time to see whether the policy still matches the way you use it. Lower usage can affect some insurance choices, but it does not mean every part of your cover should automatically be reduced. Start with How Your Car Use Has Changed A change in driving habits can affect how suitable your current policy…

21 Oct

From Flight Delays to Lost Baggage: HDFC ERGO Highlights the Wider Role of Travel Insurance

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Mumbai (Maharashtra) [India], October 21: A trip can be carefully planned and still face disruptions that are difficult to predict. A delayed flight, missing suitcase, lost passport or sudden medical need can affect both the journey and the traveller’s budget. HDFC ERGO highlights that a travel policy can support travellers across several such situations, not just during a medical emergency. The actual benefit available depends on the plan, policy terms, limits and the circumstances of the event, so understanding the cover before travelling remains important. Flight Delays A long flight delay can mean extra spending at the airport while you…

21 Oct

Travelling with Pre-Existing Medical Conditions? HDFC ERGO Highlights Key Insurance Considerations

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Mumbai (Maharashtra) [India], October 21: Travelling with a long-term medical condition needs a little more planning than an ordinary trip. Medicines, prescriptions and doctor advice matter, but travel cover also deserves attention. A pre-existing condition can affect what is payable if a medical problem occurs during the journey. HDFC ERGO advises travellers to understand the policy wording before departure, especially the sections on existing illnesses, emergency treatment, evacuation, exclusions and claims. Clear information at the start can make the policy easier to use during a medical emergency. Pre-Existing Disease Coverage A pre-existing disease is a health condition that existed before…

16 Oct

Magellanic Cloud’s Wholly Owned Subsidiary Provigil Surveillance Limited Secures Rs 29.13 Crore Order for KUMBH MELA 2027 in Haridwar

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Deploying Integrated AI CCTV, Video Analytics & Centralised Command Infrastructure to be completed in 3 Months Hyderabad (Telangana) [India], October 16: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) worth ₹29.13 Crore from Northern Railway, Moradabad Division, for the provision of CCTV and integrated e-surveillance infrastructure at railway stations between LRJ–HW and HW–RKSH for KUMBH MELA 2027 in Haridwar. The order reinforces Magellanic Cloud’s growing presence in technology-led public safety infrastructure, with the deployment integrating IP-based CCTV cameras, video analytics, face recognition systems and…

16 Oct

PC Jeweller in Focus After Reported Rs 73.59 Crore Bulk Deal; Debt Reduction, Revenue Growth Draw Attention

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Mumbai (Maharashtra) [India], October 16: PC Jeweller Ltd has come into focus following reports that Aditya Kumar Halwasiya, associated with Cupid Ltd, acquired 5.10 crore shares of the jewellery retailer at ₹14.43 per share, in a transaction valued at approximately ₹73.59 crore. The reported bulk deal comes amid PC Jeweller’s efforts to strengthen its financial position, reduce borrowings and revive operational performance. The company has reportedly achieved debt-free status following the repayment of outstanding bank borrowings. The development could help reduce financing costs and improve financial flexibility, although its impact on profitability will depend on subsequent financial performance. On the…

15 Oct

From Gold to Code: Why Digital Assets Are Becoming the New Language of Global Wealth

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By Ruchit Thakur, Market Analyst, VT Markets New Delhi [India], October 15: Every financial revolution begins as speculation. The successful ones eventually become infrastructure. Each age has trusted in a different form of value. In the past, people stored their wealth in gold because it was rare and widely trusted. Over time, that trust shifted to banks, governments, and large companies, which gave value to money, stocks, and other financial assets. Today, technology is changing the way we think about wealth. As more aspects of life move online, people are beginning to trust digital assets alongside traditional forms of investment,…

14 Oct

From Moving Homes to Moving Smarter: NoBroker Technologies Earns Gold for AI/ML Excellence in Logistics

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New Delhi [India], October 13: NoBroker Packers and Movers, the relocation services vertical of NoBroker Technologies Solutions Private Limited, has won the Gold award in the “Best Use of AI/ML in Logistics” category at the ET Supply Chain Awards, held recently in New Delhi. The recognition places NoBroker Packers and Movers alongside some of the country’s most established industrial and consumer names, with other winners at the event including Tata Motors, ITC and Licious, underscoring the calibre of the competition and the scale of the achievement. Organised under the aegis of The Economic Times’ supply chain vertical, the ET Supply…

13 Oct

IBL Finance Limited proposes a public issue of Secured, Rated, listed, and Redeemable NCDs aggregating up to Rs 50 crore

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Surat (Gujarat) [India], October 13: IBL Finance Limited (“IBL Finance” or “the Company”), a technology-enabled Non-Banking Financial Company (NBFC), proposes a public issue of up to ₹50 Cr. Secured, Rated, Listed and Redeemable Non-Convertible Debentures (“NCDs”) of face value of ₹1,000 each. The Issue comprises a base issue of ₹25 crore, with a green shoe option to retain oversubscription of up to ₹25 crore, aggregating up to ₹50 crore. The NCDs are proposed to be listed on BSE Limited. The Issue is scheduled to open on October 12, 2026 and close on October 26, 2026, subject to the terms of…