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Indian auto industry closes 2025 on firm footing, broad-based sales growth reported in December
Maruti Suzuki India, the largest car maker in India, reported total...
GIC Re set to expand its global business in Jan1 renewals
Globally reinsurance buyers enter the January renewal season with...
Consumer affairs ministry to issue guidelines to curb pesky calls, messages
"The Department of Consumer Affairs had started working on prevention of pesky calls, and we had to engage with all the stakeholders in this," Consumer Affairs Secretary Nidhi Khare said. New Delhi: Consumer Affairs Secretary Nidhi Khare on Friday said the department...
Kerala HC criticises Centre, state on lack of clarity in Wayanad relief aid
The queries from the court came during a hearing of a plea initiated by it for prevention and management of natural disasters in the state in the wake of the landslides that devastated three villages in Wayanad district and claimed over 200 lives Kochi: The Kerala...
Investors with $9.5 trillion seek mandatory Scope 3 emissions disclosures
The group, which includes Allianz SE and the California Public Employees’ Retirement System, said while it’s critical for signatories to consider Scope 3 pollution, integrating those emissions into carbon accounting and target setting “is highly challenging” due to a...
Amundi SA eyes acquiring control of Allianz Global Investors
Rising costs and pressure on fees are prompting asset managers to seek further scale. Many of the biggest players in Europe are still owned by banks or insurers, and often lack the scale to compete with US fund houses and alternative investment firms that have enjoyed...
CSC e-Governance Services, CAIT partner for last-mile empowerment of citizens
The partnership seeks to empower traders and citizens across the country by facilitating their registration under various social security schemes, including National Pension System (NPS); Pradhan Mantri Shram Yogi Maan-Dhan Yojana; Atal Pension Yojana; Pradhan Mantri...
RBI cuts banks’ CRR by 50bps to ease liquidity conditions, keeps rates unchanged, lowers GDP growth target
The RBI sharply cut the GDP growth projection to 6.6 per cent from the earlier level of 7.2 per cent, while raising inflation target to 4.8 per cent from the previous projection of 4.5 per cent for the current fiscal. Mumbai: Reducing cash reserve ratio(CRR) by 50...
Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China
The external affairs minister said alternative routes for supplies are increasing the transportation cost of the shipments. “It is of very direct economic consequence. So we have actually been interacting with all the major players including Iran and Israel,” External...
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "Economic development continues to be the main driver of the rise in insured losses resulting from floods, but also other perils, seen over many decades. However, with natural catastrophe risks rising and...
Italy makes it mandatory for companies to buy climate risk covers
Most Italian businesses — especially small and mid-sized ones — have no protection at all. The new law will require companies to buy coverage and insurers to write policies or face fines. The plan is backed by a €5 billion ($5.3 billion) reinsurance fund, set up by a...
‘Digital gold’ Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
According to Vishal Sacheendran, Head of Regional Markets at Binance, the cryptocurrency market is experiencing a surge in optimism as governments and institutions worldwide begin to embrace blockchain technology, paving the way for broader adoption and investment in...