Kevin Leung, Chief Underwriting Officer, Asia-Pacific, said:...
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Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC
Two of Lloyd's Syndicates, Syndicate 2047 set up by Bobby Swarup'...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission...
Motor Vehicle Tax shouldn’t be levied if vehicle not used in ‘public place’: SC
Motor vehicle tax is compensatory in nature. It has a direct nexus with the end use. The rationale for levy of motor vehicle tax is that a person who is using public infrastructure, such as, roads, highways etc. has to pay for such usage," the apex court said. New...
Climate change impacting India severely, moonshot tech key for sustainable development: NITI Aayog
“India’s development journey is unprecedented -- our economy growing while pursuing a low-carbon and sustainable path. This transition will be energy-intensive, yet we are progressing steadily on our Nationally Determined Contributions (NDCs) and promoting policies...
At least 320 dead in Himachal floods, losses over Rs 3,000 crore
The state has suffered losses of over Rs 3,040 crore due to 91 flash floods, 45 cloudbursts and 93 major landslides it has witnessed during the ongoing monsoon season, the State Emergency Operation Centre (SEOC) data showed. Shimla: Five houses were damaged as...
Q1 GDP numbers reflect India’s resilience, outlook remains positive: Economic Affairs Secretary
Anuradha Thakur, Secretary, Department of Economic Affairs "There could be some near-term disturbances, but in the overall year scenario…we are not changing our growth figures as yet," she said, referring to the GDP estimates for the entire 2025-26 fiscal'' In the...
Govt to study ways to address buildings’ height curb issues near airports to rope in ICAO experts: Naidu
K Rammohan Naidu, Civil Aviation Minister Asserting that aviation safety is the top priority and will not be compromised, the minister also said the government plans to develop aerotropolises or cities developed around airports. New Delhi: The government will carry...
8 oppn-ruled states demand mechanism to ensure GST rate cut benefits get passed on to consumers
"Eight Opposition-ruled states -- Karnataka, Himachal Pradesh, Jharkhand, Kerala, Punjab, Tamil Nadu, Telangana, and West Bengal -- have extended their support to the reduction in the number of GST rate slabs and a reduction in the rates themselves for items of mass...
India making major strides towards self-reliance in high end medical devices: Govt
Amit Agrawal, Secretary, Department of Pharmaceuticals, Amit Agrawal, Secretary, Department of Pharmaceuticals, noted that, post-COVID, India has successfully crossed a significant milestone in domestic manufacturing of advanced equipment, including MRI and CT scan...
Cloudbursts landslides in Uttarakhand 6 killed 11 missing
Uttarakhand has been hit hard by natural calamities this monsoon season. Dehradun: Six people were killed and 11 went missing as heavy rains and a series of cloudbursts wreaked havoc in various districts of Uttarakhand early Friday, triggering landslides that damaged...
Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch
Fitch expects competition to intensify as supply outpaces demand, with further price softening and slight loosening of terms and conditions at the upcoming renewals, although underwriting discipline should persist. Chicago/Paris/London: Global reinsurers’...
Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days
"The Sensex ended Friday's trade on a subdued note, slipping 270.92 points to close at 79,809.65 as persistent concerns over US tariffs on Indian exports weighed on investor sentiment and kept foreign inflows under pressure," Vikram Kasat, Head - Advisory at PL...