In Asia, the upstream market also remains decisively...
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West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict
Gulf insurers are heavily reinsured but global reinsurers have...
US rules out renewal of exemption from sanctions on Russian Iranian oil
On March 5, the US issued a 30-day sanctions waiver to India,...
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...
Irdai permits insurers to undertake transactions in bond forwards for hedging
In a circular on 'Exposure to Forward Contracts in Government Securities (Bond Forwards)', Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI's directions and considering insurers requests for introduction of Bond Forwards,...
Social media and digital accounts accessed only in search, survey ops: I-T official
"These powers are only to be executed during the course of a search or survey operation, and that too when the assessee being searched or surveyed refuses to share the passwords for digital storage drives, emails, Clouds and communication platforms such as WhatsApp...
Over 4.3 lakh crop insurance applications rejected in Maharashtra due to discrepancies: Minister
As many as 4,30,443 crop insurance applications under the PMFBY were rejected during the Kharif 2024 season. In comparison, 2,85,468 applications were rejected during the Kharif 2023 season, the minister stated.. Since the scheme's inception in Kharif 2016,...
Parkinson’s disease could affect over 2.5 crore people globally by 2050: Study
Population ageing is predicted to be the main factor driving nearly 90 per cent of the projected cases.The western Sub-Saharan Africa could be expected to see the most pronounced spike of almost 300 per cent in the cases of the disease, even as East and South Asia...
EU’s aggressive environmental regulations biggest hurdles of FTA talks with India: GTRI
"The EU is urging India to adopt stronger privacy regulations aligned with GDPR, but India sees this as an unnecessary burden on its digital economy. India has just enacted its Digital Personal Data Protection Act, 2023, which it argues should be sufficient, though it...
Climate change more robust now, La Nina may lose impact soon: Report
While human-caused climate change is increasingly driving a 'new normal' marked by a warmer winter and shorter spring, scientists also draw attention to the yearly changes in weather patterns, termed 'year-to-year variability'. New Delhi: Climate change is growing...
US tariff imposition to hit pharma segment; auto sector likely to face minimal impact
Terming India as a very high tariff nation, US President Donald Trump has said that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2 New Delhi: Enhanced tariffs on pharma imports in the US can severely impact Indian drug...