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Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik
Ratnakar Patnaik,managing director,LIC, appealed to the government...
Around 1.3 million transformer failures occur in India annually
In a meeting on Distribution Transformer, it has been highlighted...
India’s sovereign rating outlook upgraded to positive by S&P Global Ratings
"We expect sound economic fundamentals to underpin the growth momentum over the next two to three years," S&P said, adding that regardless of the outcome of general elections, the ratings agency expects broad continuity in economic reforms and fiscal policies...
India to stick to policy path even if Modi loses, Rajan Says
Raghuram Rajan, former governor, Reserve Bank of India “There is a lot of continuity built into Indian policy. Whatever government comes in will take a lot of the good stuff that has been done and continue it.” Raghuram Rajan, a former governor and now a professor of...
Above average monsoon to boost agriculture and overall economic growth: IMD
"Conditions favourable for onset of monsoon over Kerala in next 5 days. India's monsoon core zone comprising most of the rain-fed agriculture areas likely to receive above normal rainfall" IMD New Delhi: India is likely to receive above average monsoon rains this...
Remal weakens into cyclonic storm, expected to move northeastwards: IMD
Scenes of widespread devastation were evident across West Bengal's coastal areas, with extensive damage to infrastructure and property, a day after Cyclone Remal tore through the coasts of Bangladesh and West Bengal with winds reaching speeds of 135 km per hour New...
Life insurance set to boom as interest rates surge, says Swiss Re
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
2024 General Elections: Policies and markets at risk
A lower margin of victory for Modi could lead to short-term volatility, fund managers said, while a win for the opposition could lead to a sharper correction due to policy uncertainty New Delhi: India's six-week long national election, the world's largest, has entered...
NSE/BSE market cap to cross USD 10 trillion by 2030- Experts
BSE and NSE journey from USD 4 trillion in November 2023 to USD 5 trillion this week took less than six months Experts say the Indian market still has a long way to go if we compare it with leading markets of the world. The US leads with a market cap of almost USD...
India to emerge as an economic superpower amid looming global economic landscape
The digital revolution in India is another sector where the country has taken a lead, many countries have adopted India's UPI for financial transactions. With the highest number of digital transactions globally and broadband connectivity reaching over 93 per cent of...
Crippling heat wave in India peaks at 50 degrees Celsius in Rajasthan’s Phalodi
The punishing heat in India is straining power grids and drying up water bodies, triggering drought-like conditions in parts of the country. According to the Central Water Commission, water storage in 150 major reservoirs in India plunged to its lowest level in five...