Daily Excelsior

NEW DELHI, Feb 6: Shares of state-owned life insurer LIC on Friday morning surged over 7 per cent after the firm reported a 17 per cent jump in net profit in the third quarter ended December 2025. The stock jumped 6.99 per cent to Rs 899.20 on the BSE. At the NSE, shares of the firm climbed 7.10 per cent to Rs 899.40. LIC on Thursday reported a 17 per cent jump in net profit at Rs 12,958 crore in [] The post LIC shares surge over 7 pc post Q3 earnings appeared first on Daily Excelsior .

MUMBAI, Feb 6: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, while continuing with a neutral policy stance. Announcing the policy decision, the Governor said the MPC arrived at the decision after a detailed assessment of evolving macroeconomic conditions and the overall economic outlook. The governor said, Since the last policy meeting, external hea

NEW YORK, Feb 5: US federal authorities have seized more than 200 website domains tied to an India-based transnational criminal organisation having illegal online pharmacies allegedly responsible for at least six fatal and four non-fatal overdoses. The US Drug Enforcement Administration (DEA) field offices throughout the country also conducted multiple operations leading to the arrest of four individuals, it said in a statement said on Wednesday. The DEA, with the cooperation of the US Attorneys

CARACAS, Feb 2: Time in Venezuela feels like its moving both too fast and too slow. The pillars of the countrys self-proclaimed socialist government are falling at a dizzying pace or not quickly enough. Economic relief is finally on the horizon, or already too late. Thirty days after the US raid and capture of then-President Nicolas Maduro upended Venezuela, adults and children alike are still unsure of what exactly is happening around them. And as the initial shock gives way [] The post Mix of

NEW DELHI, Feb 2: Indias budget demonstrates the ongoing commitment to maintaining macro stability through a gradual path of government debt reduction balanced against a still-robust capex program to enhance growth prospects, Fitch Ratings said on Monday. While the budget did not flag specific large-scale reform announcements, Fitch said it expects more reforms to be forthcoming, particularly on the deregulation agenda. Strong GDP growth is driving positive momentum in several of Indias sovereig

New Delhi, Feb 1: Giving an impetus to medical tourism, Union Finance Minister Nirmala Sitharaman on Sunday proposed launching a scheme to support states in establishing five regional medical hubs in partnership with the private sector. These hubs will serve as integrated healthcare complexes that combine medical, educational and research facilities, Sitharaman said presenting the budget 2026-27. They will have AYUSH centres, medical value tourism facilitation centres and infrastructure for diag

NEW DELHI, Feb 1: Finance Minister Nirmala Sitharaman on Sunday proposed Rs 10,000 crore investment in the biopharma sector over the next five years, a move which would give a boost to the countrys pharmaceuticals industry. Biopharmaceuticals, or biologics, are complex medicines manufactured from living organisms, cells, or tissues rather than through chemical synthesis. She also proposed interventions in six areas, including manufacturing, strategic and frontier sectors, healthcare and advanced