Passenger vehicles (PVs) crossed the 47-lakh mark for the first...
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New India ends FY26 with a global premium of around Rs 47,000 crore
Girija Subramanian, CMD, New India Assurance Recovering from a slow...
Agri Minister takes stock of crop losses from hailstorm, heavy rainfall as fresh western disturbance looms
Shivraj Singh Chouhan,Union Agriculture Minister The Agriculture...
US jury finds Meta and Google liable for damages in social media addiction trial, to pay $3 million
The case involves a 20-year-old woman who said she became addicted to Google's YouTube and Meta's Instagram at a young age because of their attention-grabbing design. The jury found Google and Meta were negligent in the design of both apps and failed to warn about...
India drug regulator tightens surveillance against unauthorised weight-loss drug sales
At least half a dozen Indian drugmakers, including Dr Reddy's, Zydus and Sun Pharma, launched multiple brands of the blockbuster diabetes and weight-loss drugs, up to 70% cheaper than Novo Nordisk's drugs in some cases, after the patent for semaglutide expired last...
Stock markets’ two-day rally adds Rs 15.80 lakh cr to investors’ wealth
Indian equities extended their recovery for the second consecutive session, supported by improving global cues and emerging hopes of a potential de-escalation in the ongoing US-Iran conflict," Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal...
Foreign ships from friendly countries allowed in Strait of Hormuz, says Iran
Iran has started charging transit fees on some commercial vessels passing the Strait of Hormuz, people familiar with the matter have said, the latest sign of its control over the world’s most important maritime energy route. The war in the West Asia has all-but...
Markel expands its APAC W&I business, makes new appointments in Hong Kong and India
Kevin Leung, Chief Underwriting Officer, Asia-Pacific, said: “Expanding our W&I capabilities across Asia Pacific is a natural progression, as demand for highly technical transactional risk solutions increases. Establishing dedicated underwriting presence in Hong...
Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC
Two of Lloyd's Syndicates, Syndicate 2047 set up by Bobby Swarup' Niyam Group and Syndicate 2454, belonging to Africa Specialty Risks(ASR), have already announced their decisions to be part Lloyd's platform in the GIFT-IFSC. GIFT City/Mumabi:Lloyd's of London, world's...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission headed by Priyank Kanoongo has issued a notice to Insurance Regulatory and Development Authority of India (IRDAI), directing it to take appropriate action in this matter and submit a response to the...
West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives
The Department of Financial Services(DFS) last week has written to the IFSCA to go ahead with earlier plans to develop P&I Club and Captives in its jurisdiction after eruption the West Asian geopolitical crisis completely disrupting shipping and supply of oil and...
Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60 billion overseas, with some of that going to investment assets in the US, Tung said. “Now, we think about whether we should trim down a bit, even though the overall portfolio is still very small anyway.”...
Berkshire Hathaway to invest $1.8 Billion in Tokio Marine
The latest deal shows Berkshire is eager to win a slice of Japan’s thriving insurance business, an increasingly attractive market for foreign firms. KKR & Co., Apollo Global Management Inc. and other big international players have made moves to expand in the life...