Raising the matter during Zero Hour in the Upper House, Desai cited...
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Health insurance premium hikes driven by ageing policyholders,higher coverage, enhanced features and not due to inflation, says Govt
As per Bima Bharosa portal of IRDAI, during FY 2024-25, 1,37,361...
India among 5 nations granted passage through Strait of Hormuz by Tehran
“We have permitted certain countries that we consider friendly to...
Soaring civil unrest and protest activity concerns companies and insurers: Allianz
More than 80,000 incidents in top 20 countries connected to protest and riot activities around the world during 2024, Religious and politically motivated terrorism a major concern for governments and companies in the year ahead. Asia Pacific is the region with the...
RBI cuts rates by 25 bps for a second time as US tariffs add to growth risks
Sanjay Malhotra, Governor, Reserve Bank of India RBI has lowered the GDP growth forecast to 6.5 per cent from earlier projection of 6.7 per cent due to global uncertainties. The RBI lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per...
FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue on the Indian side have been flagged as cooperation in IFSC GIFT City, investment, insurance and pension sectors, fintech and digital economy, and mobilising affordable and sustainable climate finance...
Govt showcases new Aadhaar app for instant authentication, says verification will be as simple as UPI payment
"Now with just a tap, users can share only the necessary data, giving them complete control over their personal information - New Aadhaar App (in beta testing phase)... Aadhaar verification becomes as simple as making UPI payment. Users can now digitally verify and...
India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report
IMF report suggested enhanced data coverage with better granularity for mapping climate-related financial risks in India It acknowledges India’s insurance sector is strong and growing with a significant presence in both life and general insurance. The sector has...
Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...
Global credit starts to wobble as market pain spreads
Overnight in Asia, the Markit Itraxx Asia ex-Japan index, comprising sovereign and company debt, rose about 26 basis points to its highest since August last year “If we see credit struggling, spreads widening out significantly, precious metals and other havens like...
Indian insurance industry waits for a new IRDAI chairman
The names of Ajay Sheth, who have been appointed as finance secretary just a few days back, Girdhar Armane, former Defense Secretary , Pankaj Jain, Petroleum secretary are still in the reckoning though it is unlikely that the government will now shift Sheth from the...
India’s car sales surge past 41.53 lakh mark during FY25
Two-wheeler sales during 2024-25 registered a higher growth rate at 7.71 per cent year-on-year to touch 1,88,77,812 units on the back of buoyant demand. Three-wheelers sales rose 4.54 per cent compared to the previous on driven by higher economic activity but...
Automobile retail sales drop 7 pc in Feb amid slowing demand FADA
"Dealers noted weak market sentiment which specially continues in the entry level category, delayed conversions, challenging targets and stressed that OEMs should avoid overburdening dealers with excessive inventory -- a practice that risks unmanageable stock levels...