Rekha Jhunjhunwala transfers Star Health shares to promoter LLP in succession-linked move; stock slips

IANS | July 24, 2026 3:19 PM

Mumbai, July 24 (IANS) Shares of Star Health and Allied Insurance Company fell more than 1 per cent on Friday after the company's June-quarter shareholding pattern reflected a sharp change in Rekha Jhunjhunwala's direct holding. However, the change was the result of a succession-related transmission and an off-market transfer of shares to promoter entity Sitara Partners LLP, and not a sale or exit by the promoter group.

India, Japan double down on joint warship production to bolster defence ties

IANS | July 24, 2026 3:12 PM

New Delhi, July 24 (IANS) The India-Japan defence ties are entering a stronger phase, with both countries realising the importance of closer ties for the joint production of warships to bolster maritime power in the changing geopolitical landscape as China increasingly flexes its naval muscle, according to a new report.