Swiss Re's Group Chief Executive Officer Andreas Berger said,"This...
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Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE...
EU strikes deal to further weaken corporate sustainability laws after US pressure intensifies
The agreement reached, which also scales back the scope of the...
Household real income continued to decline in recent months: Report
The report added that for now, however, the decline in real HH income, which accounts for 78 percent of GDP, suggests that any recovery will be gradual at best. This will likely continue to weigh on real GDP growth and present challenges for the banking sector New...
Rising claims pose challenge for health insurance sector in India: Jefferies
The report indicated that India's non-life insurance sector is experiencing significant shifts, the health insurance segment may face challenges as healthcare costs continue to rise and more consumers claim their insurance, and insurers are grappling with increased...
ICMR-led study estimates 10-year risk of developing heart disease in adults in India
Among the participants having high blood sugar levels, women had an 85 per cent increased risk of getting heart conditions over 10 years, while men were at a 77 per cent higher risk, the researchers estimated. They also said that among the participants who were obese,...
FIIs continue to be net seller, sold equity worth Rs 28,671 cr
In the first fortnight of August, FIIs were big sellers in financials in the country. Selling was witnessed in many other sectors, including metals on fears that economic slowdown in US and China will keep metal prices soft Mumbai: According to the National Securities...
Cognizant files lawsuit against Infosys over trade secrets; Infy denies allegations
Cognizant in a lawsuit filed in Texas federal court has accused Infosys of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product New Delhi: IT major Cognizant's subsidiary TriZetto has...
US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut
US Federal Reserve Chair Jerome Powell Speculation has abounded over the possibility of a rate cut at the rate-setting Federal Open Market Committee (FOMC) meeting slated for Sept. 17-18. After last month's FOMC meeting, Powell said a rate cut could be "on the table"...
IRDAI forms task force to address challenges and drive growth in surety bond market
Debasish Panda, chairman, IRDAI "Surety bonds play a crucial role in supporting India's infrastructure development. By addressing the challenges and fostering collaboration, we can unlock the full potential of this valuable financial instrument. Today’s discussions...
Govt announces simplified norms for seaplane operations
The government plans to set up water aerodromes at 18 places spread across Andaman & Nicobar, Lakshadweep, Goa, Assam, Andhra Pradesh and Himachal Pradesh New Delhi: The civil aviation ministry on Thursday announced simplified regulations for seaplane operations,...
India economic momentum remains intact, set to achieve 6.5-7 pc growth: Finmin Report
"Inflation is moderating, and exports of both goods and services are doing better than they did last year. Stock markets are holding on to their levels. Foreign direct investment is looking up as gross inflows are rising," it said New Delhi: India's economic momentum...
IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...