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FinMin launches Protection and Indemnity Insurance product under the Bharat Marine Insurance Pool

India’s Department of Financial Services has launched a new government-backed P&I insurance product. This product has been designed by New India Assurance Company under the Bharat Marine Insurance Pool. The insurance provides financial protection against third-party liabilities of up to $1.5 billion. The Bharat Marine Insurance Pool has already provided uninterrupted war risk insurance capacity. This initiative strengthens India’s maritime risk management and domestic insurance capabilities.

Innov8 founder Ritesh Malik bought Golf Links bungalow for Rs 85 crore

Ritesh Malik, founder of Innov8, bought a bungalow in Golf Links in Delhi for Rs 85 crore. The transaction points to a trend of corporate leaders acquiring luxury properties in the region. India Sotheby’s International Realty facilitated this high-value residential deal for both parties. Golf Links has become a preferred destination for entrepreneurs seeking prime locations. Many other notable names have also purchased property in this exclusive neighborhood of Delhi.

FSSAI cracks down on two companies for misleading product claims; Discontinued sales of Folineuro Syrup and Neuherbs True Vitamin

India’s food regulator FSSAI has restricted Vatave Healthcare from selling Folineuro syrup. The company made misleading claims that its product improved brain function. Global Healthfit Retail is also facing restrictions on its Neuherbs True Vitamin product. This action was taken due to the use of a misleading trade name in the attachment. Both companies must cease sales and report corrective actions taken.

TATA Starbucks aims to expand in metros, which are rapidly growing cities; Opened first Reserve store in South India

TATA Starbucks is planning a significant expansion in Indian metros and emerging cities. The company recently opened its first South India Reserve store, bringing the total to six. This expansion reflects India’s status as a fast-growing global market for Starbucks. TATA Starbucks currently operates more than 500 stores across the country and employs approximately 4,300 people.

RBI gives banks more time to implement lump sum deposit interest norms; deadline October 1

Banks now have until October 1 to implement the new differential interest rate rules. These norms allow different rates on bulk deposits, taking into account liquidity coverage ratios. The Reserve Bank of India extended the implementation period following bank feedback. Deposit rates below Rs 3 crore are excluded from these new conditions. Banks must now disclose bulk deposit rates online by 10am every day.

Tata Power starts work on ₹ 5,750 crore renewable energy project in Andhra Pradesh

The project consists of 400 MW wind power capacity (at Kanekallu, Ananthapuram) and 400 MW solar power capacity (at Pattikonda, Kurnool). The project has secured 800 MW Interstate Transmission System (ISTS) connectivity at Ananthapuram II and Kurnool-4 CTUIL substations, enabling efficient evacuation of renewable energy through the national transmission network.

IndiGo’s Rahul Bhatia says pilot duty rules make aviation ‘uncompetitive’ and calls for review

Rahul Bhatia, managing director of IndiGo, wants pilot flight duty rules to be reviewed. He stated that these norms reduce cockpit efficiency and increase airline costs. The revised rules, which came into effect in November 2025, caused widespread flight disruptions for IndiGo. The General Directorate of Civil Aviation revised the rules to reduce pilot fatigue. Bhatia advocated global best practices to maintain competitiveness in aviation.