R Doraiswamy,CEO and MD, LIC . Asked if LIC is prepared for further...
Category:
Indian News
Latest
Companies reaffirm sustainability commitments on World Environment Day
Corporate India’s renewed focus on sustainability comes amid rising...
Govt agencies, private companies among Indian entities given access to Anthropic’s Mythos
Described as a "collaborative effort to secure the world's most...
National Pension System delivered over 13% annual returns in equity schemes: FM Sitharaman
The new framework gives pension funds the freedom to create their own schemes, thereby offering more flexibility and options for subscribers New Delhi: India's National Pension System (NPS) has emerged as a high-performing and cost-effective retirement planning tool,...
RBI to unveil risk-based deposit insurance premiums for banks: RBI Governor
``I am happy the RBI has brought changes in the existing deposit insurance scheme for the banks. The banks have been asking this for long. Paying insurance premium has become the largest overhead any bank today. SBI itself paid Rs 5400 crore of premium in FY 24-25. We...
Sitharaman to launch nationwide awareness campaign of unclaimed financial assets on Oct 4
Nirmala Sitharaman ,Union Minister for Finance and Corporate Affairs, Unclaimed financial assets, including insurance policy claims, bank deposits, dividends, shares, and mutual fund proceeds, often remain unclaimed due to lack of awareness or outdated account details...
Wage revision of PSU Gen Insurance Cos: Govt approves 30% family pension scheme,14% employer’s NPS contribution along with 14% wage hike
Girija Subramanian, CMD, New India Assurance and chairperson of GIPSA GIPSA chairperson Girija Subramanian, in a meeting with unions, has confirmed that the Department of Financial Services (DFS) has moved ahead with the notification with 14 per cent wage hike GIPSA...
India added more than 1 billionaire every week in 2025: Hurun Report
Remarkably, the top 10 alone hold wealth equal to 28 per cent of the rest of the entire list, the list showed. Startups have emerged as a strong driver of wealth creation, with 97 startup founders making it to the 2025 list.On the demographic side, Mumbai continues to...
RBI holds rates to assess policy impact, projects higher GDP
Sanjay Malhotra, governor, Reserve Bank of India The central bank raised its GDP growth forecast for the current year to 6.8% compared with its previous estimate of 6.5% It expects inflation in the current financial year to come in at 2.6%, lower than its previous...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
FSIB recommends R Chander as MD of LIC
The Financial Services Institutions Bureau (FSIB) interviewed five candidates for the positions. LIC has four managing directors besides CEO and MD who heads the life insurance giant. Mumbai: FSIB, the headhunter for directors of state-owned banks and financial...
SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident which left him paraplegic and fighting for breath, which also prompted the parents to relocate to another part of the country. We are of the opinion that even if he had not obtained the certificate as a...
Govt gets 3,000 complaints of misleading discounts after GST cuts
"If there are too many complaints from different sectors, then they will be qualified for a class action. We are keeping a watch on this. We will surely take notice of anything where consumers are getting cheated with misleading discounts," Consumer Affairs Secretary...