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Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long...
Dubai launches driverless taxi service
The vehicle functions through an integrated system powered by...
Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance
Patanjali Ayurved, along with other investors, have bought out the stake of Senoti Properties, a joint venture between businessman Adar Poonawalla and Rising Sun Holdings. Senoti Properties held a 74.5 per cent stake in Magma General Insurance and would...
Common diabetes drug price slashed in India due to generic versions
India is known as the diabetes capital of the world with over 10 crore people diagnosed with the lifestyle disease, as per the Indian Council of Medical Research–India Diabetes (ICMR INDIAB) study in 2023 New Delhi: The price of commonly used diabetes drug...
French publishers and authors sue Meta Platforms for copyright infringement
SNE, the trade association representing major French publishers including Hachette and Editis, along with authors’ association SGDL and writers’ union SNAC, filed a complaint this week in a Paris court dedicated to intellectual property, the group said at a press...
PB Fintech stock declines nearly 5 pc
NEW DELHI: Shares of PB Fintech, parent entity of Policybazaar, declined nearly 5 per cent on Wednesday after the company's proposal to infuse Rs 696 crore in its healthcare arm failed to cheer investors. The scrip of PB Fintech tanked 4.70 per cent to close at Rs...
Crop insurance scheme should cover damages caused by stray animals Par Panel
It also recommended free compulsory crop insurance to small farmers with land holdings of up to 2 hectares New Delhi: A parliamentary committee has suggested that the government's crop insurance scheme PMFBY should cover damages caused to crops by stray animals,...
RBI invites applications for recognition of SROs for account aggregator ecosystem
The account aggregator framework facilitates secure and seamless exchange of specified financial information through Non-Banking Financial Company-Account Aggregators, which act as intermediaries between Financial Information Providers (FIPs) and Financial Information...
Equity MFs inflow drops 26 pc to Rs 29 303 cr in Feb SIP hit 3-month low
Inflows into systematic investment plans (SIP) came at Rs 25,999 crore in February, making it three months low. Before this, SIP inflow was Rs 26,400 crore in January and Rs 26,459 crore in December New Delhi: Inflow in equity mutual funds dropped 26 per cent to Rs...
Zolve raises $251 million in its latest equity and debt financing round
The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the UK and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio Zolve raised $251 million in its latest equity and...
PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26
The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth
This enhanced limit will be available to those companies which invest their entire premium in India, said Pankaj Chaudhary, minister of state, Ministry of Finance in the Lok Sabha. New Delhi: By raising foreign direct investment(FDI) in the Indian insurance sector...