Adar Poonawalla has sold his stake in Magma Insurance to Patanjali Ayurved and DS Group for Rs 4,500 crore, giving them a 98% stake in the company. This acquisition strengthens Patanjali and DS Group's presence in the insurance sector and is expected to benefit Magma Insurance with growth capital and distribution strength.
Financial planner D Muthukrishnan sparked a debate on India's Centre-state financial relationship, arguing that Tamil Nadu's contributions to the Union government are often overlooked, while the state receives less in return. This highlights the ongoing debate on fiscal federalism and the need for transparency and fairness in resource distribution.
Tesla owners are protesting against Elon Musk's management style, citing concerns over deteriorating customer service, recent layoffs, and the potential impact of Musk's approach on broader governance. The protests reflect a growing dissatisfaction with Tesla's shift towards automation and cost-cutting measures, raising questions about the company's future in the EV market.
West Bengal Congress chief Adhir Ranjan Chowdhury contradicted Mamata Banerjee's claims about her microphone being turned off during the NITI Aayog meeting, stating that he believes she is lying and had prepared a script for the meeting. This statement directly contradicts the Congress party's official stance, which condemned the alleged treatment of Banerjee as unacceptable.
Retail inflation in India is estimated to have declined to 4% or even lower in February 2025, marking the first time in six months that inflation has fallen within the RBI's tolerance zone. This decline is primarily attributed to the easing of food prices, particularly kitchen staples like tomatoes and potatoes.