Elevated volatility, geopolitical concerns, and cautious...
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Earthquake hits Bangladesh, tremors felt in Kolkata, adjacent Bengal districts
The epicentre of the quake was at a place named Nayabazar in...
Bermudian reinsurer Partner Re ventures into India’s GIFT City
``PartnerRe’s GIFT City branch will provide support to Indian...
EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap
"For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," EU foreign policy chief Kaja Kallas said in a post on X. Other measures adopted by EU include sanctions on dozens more vessels in Russia's shadow fleet of oil tankers,...
RBI to issue climate risk disclosure rules for banks soon
As part of the central bank's climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms. Such disclosures are expected to be included in their...
Global Cat insured losses at least $100 billion for 1H 2025: Aon
According to preliminary estimates, 1H economic losses in the U.S. alone reached at least $126 billion, surpassing 1994 ($115 billion) as the costliest 1H on record and significantly above the 1H average since 2000 ($41 billion). In contrast, economic losses in all...
Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance
Industry expert said that with WestBridge Capital's controlling stakes in both, KIWI General Insurance and Start Health, there may be a potential for merger. If that doesn't happen then the only option is that WestBridge dilutes its holding in Star Health below...
Businesses expect a surge in conflicts and disputes as risk landscape worsens, Clyde & Co report
James Roberts, Partner, London, said: “Economic pressures are triggering disputes where once there may have been a more pragmatic renegotiation. Contractual tensions are particularly visible in sectors like professional services, construction, and technology, where...
EV sales in India set to cross 7 pc market share by FY28
"India's electric car sales penetration is likely to cross 7 per cent by FY28, provided rare earth disruption is resolved in a timely manner. With a robust pipeline of model launches, expanding EV charging infrastructure and battery localisation under the PLI scheme,...
Parliamentary panel on Income Tax Bill adopts report makes 285 suggestions
According to the government, the new Bill aims to simplify language, eliminate redundancy, and streamline procedures and processes to enhance the taxpayer experience New Delhi: A Parliamentary panel examining the Income Tax Bill-2025 on Wednesday made 285 suggestions...
India’s passenger vehicles and two-wheelers sector anticipates festive season boost, rural recovery in H2 FY2026: SIAM
The report also highlights that the passenger vehicle segment crossed a milestone of 1 million mark in Q1 of 2025-26, specifically 1.01 million units. This is the 2nd time in a row in Q1 in the last 2 years that the sales for passenger vehicles crossed the 1 million...
About 1.4 lakh new PMJDY a/cs opened under financial inclusion saturation campaign: FinMin
Nearly 1.4 lakh new Jan Dhan accounts have been opened and more than 5.4 lakh new enrolments have been recorded under three Jan Suraksha Schemes in the past fortnight, the statement said New Delhi: About 1.4 lakh new Jan Dhan accounts have been opened in the past...
ICICI Pru Life Q1 net jumps 34 pc to Rs 302 cr
ICICI Prudential Life Insurance MD and CEO Anup Bagchi said, "We reported a total premium growth of 8.1 per cent year-on-year in Q1 FY2026 on the back of our extensive distribution and comprehensive product suite". New Delhi: ICICI Prudential Life Insurance on Tuesday...