Now, insurance regulator IRDAI will come out with new set of...
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Amendment of Insurance Laws Bill, 2025:Achieving “Insurance for All” by 2047
The Insurance Act 1938 did not contain any definition of “insurance...
President grants assent to SHANTI bill that opens up nuclear sector for private participation
President Droupadi Murmu The Bill introduces an elaborate framework...
Global Hunger Index 2024 ranks India under ‘serious’ category
Globally, around 733 million people face hunger each day due to a lack of access to a sufficient amount of food, while about 2.8 billion people cannot afford a healthy diet India is among 42 countries that fall within the "serious" category, alongside Pakistan and...
FPIs take out Rs 58,711 cr from equities in Oct, DIIs come to the rescue of stock market
The major trend in foreign portfolio flows in October, so far, has been the sustained selling by FPIs. This trend of FII selling and DII buying is likely to sustain in the near-term, the analysts added Mumbai: Foreign investors turned net sellers in October,...
US sanctions Indian company for involvement in ‘Ghost Fleet’ transporting Iranian oil
Under the sanctions imposed on Gabbaro, all property and any in which it has interests are frozen in the US and this applies also to persons or entities with more than 50 per cent interest in the company, the State Department notification said New York: The United...
Ancient humans were so good at surviving last ice age they didn’t have to migrate like other species – new study
Populations of the same species that live in different places often have different genetics to each other. More recently scientists have studied how climate change has altered the distribution of these genetically distinct populations of species Humans seem to have...
‘Severe’ solar storm arrives at Earth
This storm could impact ongoing recovery efforts for hurricanes Helene and Milton in several critical ways, including communication disruptions, power grids stress, and degraded GPS services, according to NOAA Los Angeles: A powerful solar storm arrived at Earth on...
Hurricane Milton leaves at least 10 dead, millions without power in Florida
More than 3 million homes and businesses in Florida were without power on Thursday morning, according to PowerOutage.us. At least some had already been waiting days for power to be restored after Hurricane Helene hit the area two weeks ago. Hurricane Milton plowed...
Milton’s insured losses will range from $30 billion-$50 billion: Fitch
Milton will push global industry insured losses thus far in 2024 to over $100 billion, which is the fifth consecutive year losses have crossed this threshold. This heightened level of catastrophe losses will likely limit any potential for rate declines in property...
Indian MF industry’s average asset under management up 2.97 pc in Sep
The SIP flows continue to back the Indian growth story. Contributions crossed the Rs 24,000 crore mark for the first time "We have seen a 10 per cent drop in overall net inflows into the equity mutual fund schemes from Rs 38,239 crore to Rs 34,302 crore," said Deepak...
Vehicle insurance, pension coverage up in India’s rural households
As per the survey, "the proportion of individuals exhibiting sound financial behaviour - such as managing money effectively, making informed financial decisions, tracking expenses, and paying bills on time — also increased from 56.4 per cent to 72.8 per cent during...
Catastrophe bonds dodge worst-case scenario after Milton
Overall, Icosa Investments AG now sees insured losses in the range of $20 billion to $60 billion, meaning cat-bond investors look to be facing a maximum hit of 4%. On Wednesday, before Milton landed, Icosa warned that a direct hit to Tampa threatened to cause insured...