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$152 Billion and Rising: Insurance industry facing growing average annual losses from natural catastrophes
The 2025 Global Modeled Catastrophe Losses Report notes a $32...
Next gen GST reforms will set economy open and transparent: Sitharaman
Union Finance Minister Nirmala Sitharaman said Prime Minister...
London marine insurers widen high risk zone in Red Sea as attacks surge
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza London: London’s marine insurance market has widened the area in the Red Sea it deems as high...
Generative AI can add cumulative USD 1.2-1.5 trillion to India’s GDP by FY30: EY
The two primary challenges faced by organisations currently are skills-gap (52 per cent) and the availability of unclear use cases (47 per cent), while only 36 per cent organisations see data privacy as the risk of Gen AI Generative artificial intelligence (Gen AI)...
Bima Sugam: Insurers select E&Y as a consultant, new company and CEO soon to implement the project
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
LIC to play key role in achieving ‘Insurance For All by 2047, to launch a product for rural areas: Chairman
Siddhartha Mohanty,Chairman,LIC ''The focus would be how to cover maximum rural masses who actually need insurance. In coming days, rural share will also go up to our total business kitty.'Customers need not come to the office. Sitting at home on his mobile he can...
Reliance biggest wealth creator, Adani Ent top all-round creator: Study
The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23 It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth...
FPIs flood Indian equity markets, infuse Rs 1.5 lakh crore in 2023 despite global uncertainty
Going forward, as the general elections approach next year, political stability and economic growth will become focal points for foreign investors. Besides, global cues on the inflation and interest rate scenario would dictate the flow of foreign money into Indian...
Small cities to play key role in achieving resolve of developed India by 2047: PM Modi
The government is committed to saving money for urban families, be it exemption in income tax or low-cost treatment. The inclusion of crores of urban poor in the Ayushman Bharat initiative has helped them save Rs 1 lakh crore on medical expenses. Medicines were made...
By 2047, India to remain a lower middle country if growth remains 6%: Rajan
"We will start the process of aging at some point around that time, which leads to the alarming question if we don't grow faster, we will grow old before we grow rich, which means we all have all the burdens of an aging population to deal with also at that point,"...
Assam to introduce bill to ban polygamy in Feb 2024
“The bill to ban polygamy will be placed on the Assam assembly floor, which will commence from February 4,” Chief Minister Himanta Biswa Sarma told reporters in the national capital on Friday New Delhi: At the upcoming session of the Assam Assembly in February 2024, a...
Covid subvariant JN.1 case detected in Kerala, raises concerns, Health Ministry initiates preparedness measures
"JN.1 is a severely immune-evasive and fast-spreading variant, markedly different from XBB and all other prior versions of this virus. This enables it to infect people who had previous Covid infections and also people who were vaccinated," Rajeev Jayadevan, the...