“Following the recent eruption of the #HayliGubbi volcano in...
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Indian banks consider financing Russian oil from non-sanctioned sellers
That’s a shift from a few weeks ago — before the latest US curbs,...
HDFC Pension’s AUM crosses Rs1,50,000 cr
Sriram Iyer, Managing Director & CEO of HDFC Pension, stated, “...
FM Sitharaman to present Union Budget on July 23
Nirmala Sitharaman,Union Finance Minister Analysts expect many positive moves in the forthcoming Budget for the Indian insurance industry. The moves can include raising FDI in the insurance industry from 74 per cent to 100 per cent and bringing in the pending...
Banks to publish crypto asset exposure from 2026, global regulators say
“These disclosures aim to enhance information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from...
Zimbabwe receives $31.8 mln drought insurance from African Risk Capacity
The money from African Risk Capacity is expected to benefit 509,000 households. The government directly received a payment of $16.8 million Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the...
Insurers fret over militant attacks, AI hacks at Paris Olympics
German insurer Allianz is insurance partner for the Games. Other insurers, such as the Lloyd's of London market, are also providing cover. “We are all aware of the geopolitical situation the world is in,” said Eike Buergel, head of Allianz's Olympic and Paralympic...
Sebi issues new guidelines to streamline operations and credit rating agencies
"In order to promote ease of doing business and bring about uniformity in dealing with appeals, based on consultation with stakeholders, including CRAs (Credit Rating Agencies), it has been decided to provide specific timelines for dealing with appeals made by the...
Stock market has risen 4 times in last 10 yrs : Piyush Goyal
Piyush Goyal, Union Minister of Commerce Goyal said that technological progress in the drone industry will help combat erratic weather patterns and assist farmers in getting higher quality and higher quantity yields. New Delhi: Stock market has risen four times in the...
IDFC First Bank raises Rs 3,200 cr by selling shares to LIC, 5 other insurers
The names of the six companies to whom shares have been allotted are Life Insurance Corporation of India, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company and SBI...
$ 20 billion dry powder chasing Indian AI Startups, says Rajan Anandan
``We are beginning to see a very different weave of AI-Application companies in India, the companies that are leveraging AI to build useful applications where investments can be seen. These companies are working across sectors such as consumer applications,...
Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts
Chief Minister Himanta Biswa Sarma chaired a meeting on the flood situation with all District Commissioners late on Wednesday night and directed them to be liberal in granting relief as per norms, complete all rehabilitation claims as per norms before August 15 and...
Not politics, not interest rates: India’s surging economy at risk from water
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are...