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Govt may consider OFS option for raising public float in IDBI Bank
Earlier this month, the proposed sale of a 60.72 per cent majority...
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull &...
Fed in no hurry to cut rates amid high uncertainty about Trump tariffs
Jerome Powell, head of the US Federal Reserve "Uncertainty around the outlook has increased," the Fed said in a new policy statement that accounts for the first weeks of the new Trump administration and the initial rollout of what White House officials say will...
LIC dispels Rahul Gandhi’s concern over new IRDAI rules making insurance unaffordable for poor and affecting agents
“ We want to clarify that LIC has introduced products that align with the New Product Regulations set by IRDAI, effective from October 1, 2024, keeping policyholders’ interests at the forefront .” said Siddhartha Mohanty, CEO & MD, LIC Kumud Das New Delhi/Mumbai;...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The Committee would like to emphasise the need for some safeguard measures to be in place to counter concerns like profit repatriation i.e. foreign investors sending earnings back to home countries rather than...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
War risk premiums briefly eased to around 0.5% of the value of a ship after the January announcement from over 0.7% in December, before moving higher in February to 0.7% for some voyage rates. For some U.S. and UK linked ships, rates were quoted up to 2% in recent...
Yokahu launches first independent Parametric Exchange to transform disaster risk finance
The platform enables real-time risk assessment, pricing, and seamless capacity allocation, broadening the ability of parametric (re)insurance to play a vital role in climate resilience and disaster preparedness London: Yokahu, a leading innovator in parametric...
No proposal to change retirement age of govt employees: Centre
"No proposal to change the retirement age of government employees is under consideration of the government," Union Minister of State for Personnel Jitendra Singh said New Delhi: The government is not considering any proposal to change the retirement age of its...
Include heatwaves in disaster management plans: Parliamentary panel tells Centre
“The committee recommends that the ministry may include new and emerging disasters in its disaster management plans, such as those caused by heatwaves etc. It further recommends establishing a formal mechanism for the periodic review and update of the Notified...
GenAI reshaping fraud prevention strategies in India- Experian Insight report
Shail Deep, Chief Operating Officer (COO), Experian EMEA & APAC The report identifies a notable shift from individual fraudsters to highly organized fraud syndicates, a trend intensified by the advent of GenAI. 85% of businesses in India agree that GenAI has...
Over 68 lakh cancer treatments done under PMJAY, majority in rural areas: Nadda
J P Nadda,Union Health Minister Those suffering from cancer and are below the poverty line can also avail of a one-time financial assistance of up to Rs 15 lakh, provided under the Health Minister’s Cancer Patient Fund (HMCPF). New Delhi: More than 68 lakh cancer...
Hinduja group’ IIHL completes acquisition of Reliance Capital; mgmt transfer to take place on Wednesday
The journey for value creation would now begin, Ashok Hinduja said, adding that the value of the Reliance Capital business on a conservative basis would be Rs 20,000 crore. IIHL would complete the review of the entire RCAP business and take a call on the fund infusion...