Wildfire risk has so far accounted for only a relatively small...
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Finance Ministry to host two-day conclave on 17-18 Aug, to deliberate people-centric banking reforms
The thematic tracks will focus on deposit mMobilisation, banking...
UPI transactions remain free for consumers: FM Sitharaman
Nirmala Sitharaman,Union Finance Minister Clarifying the position...
New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era
From Lto R- G Srinivasan, MD& CEO, Galaxy Health Insurance, SK Kanwar, advisor, Reliance Industries,S. Sivasankar, executive director, New India Assurance(NIA),Girija Subramanian, CMD, NIA at NIA's 108th Foundation Day celebration on Wednesday in Mumbai "The...
Blackstone, former HDFC ERGO CEO Anuj Tyagi join hands to launch general insurer in India
The proposed venture is expected to become the first new insurance company with up to 90 per cent foreign ownership following the government's decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent Mumbai:Global investment...
UK’s Bloomsbury among beneficiaries of $1.5 billion Anthropic copyright lawsuit settlement
The settlement is the largest known copyright payout in U.S. history. The dispute reflects the intensifying legal battle over how generative AI models are trained. AI developers, including Anthropic, have argued that using publicly available copyrighted material...
Aon reports $111 billion global catastrophe losses in H1, Insured events above average
Among the period's defining events were the Venezuela earthquake (preliminary $20-30 billion economic loss), Portugal's costliest windstorm on record ($4.4 billion economic loss) and an active SCS season across the U.S. ($34 billion economic loss). Together, these...
Govt advances small reactor plans, targets five nuclear units by 2033
India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector. It aims to expand nuclear capacity to 100 GW by 2047 from about 8.8 GW at present. NEW DELHI: India said on...
PFRDA opens on-tap licensing for pension fund managers in India
"Earlier, registration of Pension Funds was undertaken through applications invited during specified registration windows. Pursuant to the decision of the Authority, the registration process is now being opened on a continuous 'on-tap' basis and shall remain open...
Insurance woes amid US-Iran war stall airlines’ return to Dubai
International carriers’ operations to Dubai are growing but some key European airlines still aren’t making the trip because of government travel advisories for the region, according to Dubai Airports Chief Executive Officer Paul Griffiths. “They are having difficulty...
10 killed in Sikkim tunnel collapse: CM
Sikkim Chief Minister Prem Singh Tamang said the tunnel of NHPC Teesta Stage VI Hydroelectric Project at Samardung in Jholungey caved in due to a landslide.A total of 25 people, including project officials and workers, were trapped inside the ADIT-3 tunnel when it...
Floods, landslides across northern India kill at least 25
GUWAHATI/SRINAGAR: At least 25 people died in floods and landslides caused by torrential rain across northern and northeastern India over the weekend, officials said on Monday, with more rain predicted over the next few days. At least 23 people have died and seven...
Out of total CSR only 8.4% spent on environment in FY-2023-24: Report
“Sectors with high pollution intensity, including oil, gas, coal and petroleum, mining, and energy, allocate only 5-7 per cent of their CSR budgets to environmental initiatives… By contrast, consumer-facing sectors such as FMCG and automotive allocate over 10-15 per...