India’s insurance regulator, IRDAI, has issued a show cause notice to Care Health Insurance, a subsidiary of Religare Enterprises, regarding the grant of stock options to Rashmi Saluja, who serves as the chairperson of Religare. The notice alleges that Care Health Insurance violated IRDAI directions by issuing stock options to Saluja despite prior refusal in May 2022. Saluja, an executive chairperson at Religare, was granted these options as an employee, though she is a non-executive director at Care.
DMart Q2 Results: Cons profit rises nearly 9% YoY to Rs 743 crore, revenue jumps 18%
DMart operator Avenue Supermarts reported an 8.5% year-on-year rise in consolidated net profit to Rs 743 crore in Q2FY27, while revenue grew 17.8% to Rs