The regulator also laid out a broad definition of mis-selling,...
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Iran, US agree to halt war and reopen Hormuz
Trump said the Strait of Hormuz, a major shipping route for global...
Liberty and ICEYE partner to deliver market-first Parametric wildfire insurance cover
Jean-Christophe Garaix, Head of Parametrics & Agriculture at...
EU adopts a new package of sanctions targeting Russia’s energy infrastructure
Along with a full transaction ban on two major Russian oil companies, Rosneft PJSC and Gazprom Neft PJSC, and sanction 117 additional so-called shadow fleet vessels, which have enabled Russia to evade previous measures, the EU package goes after 45 entities that have...
Apple loses landmark UK lawsuit over app store commissions
The Competition Appeal Tribunal (CAT) ruled against Apple after a trial of the lawsuit, which was brought on behalf of millions of iPhone and iPad users in the United Kingdom.The CAT ruled that Apple had abused its dominant position from October 2015 until the end of...
Gold braces for turbulence ahead of central bank, geopolitical triggers: Analysts
"Gold witnessed its sharpest one-day decline in over a decade this week, retreating more than 6 per cent as investors booked profits following a prolonged record-setting rally. The sell-off was largely technical, with prices failing to hold above the USD 4,300 an...
Re/insurance industry needs to push boundaries of risk taking in a fragmenting world: Experts
“While the universe of risks is expanding, the world is fragmenting. Organizations are seeking new opportunities while having to navigate the most complex set of risk challenges in a generation. For the (re)insurance industry, this is a moment to step up, to create...
LIC denies Washington Post report, says made investments in Adani firms independently
The statement was in response to a report in The Washington Post alleging officials orchestrated a plan to steer LIC into investing in the Adani group earlier this year, when the ports-to-energy conglomerate was facing a debt pile and scrutiny in the US. Mumbai:State...
SBI Life’s net profit falls 7% to Rs 495 crore in Q2FY26 as costs rise amid competition
Its net premium income jumped 22.6% to Rs 24,848, driven by a near 20% rise in premiums from old policies that were renewed Mumbai:SBI Life Insurance, the second largest life insurer next to Life Insurance Corporation, reported a 7% fall in second-quarter profit on...
Jaguar Land Rover hack cost UK economy $2.5 billion, report says
"This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the CMC report said. LONDON: The August hack of Jaguar Land...
US sanctions Russian oil majors over Ukraine, prompting jitters in India and China
The sanctions target oil giants Rosneft and Lukoil, which between them account for more than 5% of global oil output In another bid to starve Moscow of revenue, the EU also approved a 19th package of sanctions that includes a ban on Russian liquefied natural gas...
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to cloudbursts, flash floods, landslides, and potential glacial lake outburst floods (GLOFs), all driven by changing monsoon patterns and accelerated warming in the region. These risks are not onlybecoming more...
Aerospace Industry: Facing strong supply chain headwinds
“Airlines depend on a reliable supply chain to operate and grow their fleets efficiently. Now we have unprecedented waits for aircraft, engines and parts and unpredictable delivery schedules. Together these have sent costs spiralling by at least $11 billion for this...