Bimal Menon, principal officer, Policybazaar’s GIFT City Branch,...
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Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman
Nirmala Sitharaman,Union Finance Minister There will be a lot of...
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
Competition lawyer Maria Luisa Stasi is bringing the case on behalf...
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...
Bloodbath: Stock market crashes over 5%, investors poorer by Rs 20.16 lakh cr in morning trade
The 30-share BSE benchmark tumbled 3,939.68 points or 5.22 per cent to 71,425.01 in early trade. Mirroring the bearish trend in equities, the market capitalisation of BSE-listed firms declined sharply by Rs 20,16,293.53 crore to Rs 3,83,18,592.93 crore (USD 4.50...
Cancer remains most financially burdensome disease in India
Piyush Jain, Khushboo Jain, and Vikas Kaul, Co-founders of CarePal Group said, "Cancer is the single largest illness where patients face the highest financial distress. With over 30% of funds raised on Impact Guru going towards cancer treatments, crowdfunding has...
Rains add to challenge for Myanmar quake relief, toll at 3,471
In neighbouring Thailand, authorities said that country's death toll from the quake had risen to 24. Of those, 17 died at the site of a skyscraper in the capital, Bangkok, that collapsed while under construction. A further 77 were still missing there. BANGKOK: Rains...
FinMin to implement ‘One State-One RRB’ soon to achieve better efficiency
As of 31 March 2024, 43 RRBs are operating through a network of 22,069 branches in 26 States and 3 Union Territories (Puducherry, Jammu & Kashmir, Ladakh) covering 700 districts of the country. The pace of technology adoption has increased as more RRBs have...
AM Best upgrades credit ratings of FAIR Oil & Energy Insurance Syndicate
As at year-end 2024, the Syndicate consisted of 20 members from across the Africa, Middle East and Asia regions. While unique in its legal structure, the Syndicate operates like a traditional reinsurer, providing capacity and expertise to its members as well as...