The strong domestic participation helped push DII ownership in the...
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IRDAI should fast-track risk-based capital framework; GST on insurance needs rationalisation: Parliamentary panel
The Committee noted that the 18 per cent GST on insurance products...
Global Shipping groups urge UN to reject any compulsory transit tolls in Hormuz
“Once such a precedent is established, it becomes increasingly...
New India ends FY26 with a global premium of around Rs 47,000 crore
Girija Subramanian, CMD, New India Assurance Recovering from a slow growth, Indian general insurance industry is expected to touch Rs 3.35 trillion of premium in FY 26 `New India Assurance is on track toward achieving Rs 50,000 crore premium milestone. Strong growth...
Agri Minister takes stock of crop losses from hailstorm, heavy rainfall as fresh western disturbance looms
Shivraj Singh Chouhan,Union Agriculture Minister The Agriculture Ministry, in a statement, said Chouhan has instructed officials to reach out to concerned state governments and compile damage assessments. New Delhi:Union Agriculture Minister Shivraj Singh Chouhan on...
Jan Vishwas Bill rationalises compliance, decriminalises minor offences in health sector
“This marks a shift towards a more facilitative regulatory framework while retaining strict action for serious violations affecting public health and safety,” the ministry said in a statement. New Delhi:The Jan Vishwas (Amendment of Provisions) Bill, 2026, passed by...
If West Asia crisis continues Indian exports to other parts of world will get impacted: Official
Even if the war ends, the impact of the crisis will be there for the next few months or years, depending on which supply chain or which infrastructure has been impacted.So, at this juncture, it will be very difficult to take a very long-term view on it," Central...
Crypto steadies as easing geopolitical tensions lift sentiment caution persists
Bitcoin hovered in a narrow USD 66,000-USD 67,000 range with declining volumes, signalling investor hesitation, while altcoins underperformed amid the leading cryptocurrency's continued dominance, according to WazirX - India's largest and most trusted cryptocurrency...
Maritime Reinsurance: 6 more US insurers to partner DFC and Chubb providing up to $40B in coverage for Strait of Hormuz passage
Apart from Chubb, Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA to provide reinsurance for DFC's Maritime Reinsurance plan. On top of DFC's $20 billion in rolling coverage, Chubb and these new partners will provide an additional $20...
West Asia Crisis: War-risk insurance premium for Indian airlines moderates after reaching sky-high
The additional war risk premium stood at approximately Rs 30,00,000 per round trip for a narrow-body aircraft and Rs 90,00,000 per round trip for a wide-body aircraft for a few days but nobody had paid it, said sources New Delhi: After shooting up,because of the...
Secret codes and upto 2 million Chinese yuan fees get ships through Iran’s Hormuz tollbooth
People in the shipping industry and government officials with direct knowledge of negotiations said that the IRGC is already extracting tolls from vessels passing through, and giving preferential treatment to ships from countries it deems to be friendly, while...
Navy ensures security of Indian commercial ships, oil tankers: Defence Minister Rajnath Singh
"There are many sensitive points in the sea where our Navy has continuously made its active presence to ensure the smooth supply of goods. Whenever there is a situation of tension there, the Indian Navy has ensured the security of our commercial ships and oil...
LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. D-SIIs are subjected to enhanced regulatory supervision...