Angela Lusigi, Resident Representative, UNDP India India’s more...
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Chhattisgarh govt blacklists Oriental Insurance for 3 yrs over delayed helicopter crash claim, insurer says claim not payble
The state's Directorate of Aviation took the action in connection...
AI asset valuations pose global risk, but cyber threat biggest concern for central banks: RBI Governor
``I think for us as central bankers, the most significant of these...
Satheesan reviews Keralam State Elderly Persons (Care and Protection) Bill, 2026
V D Satheesan.,Chief Minister,Keralam Chaired a high-level meeting to review the draft Keralam Policy for Elders and the Keralam State Elderly Persons (Care and Protection) Bill, 2026. Committed to ensuring statutory security, healthcare access, and a life of dignity...
Pension Sakhis to take retirement security to rural India
Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) today signed a Memorandum of Understanding (MoU) to create and support a community-based outreach mechanism of ‘Pension Sakhis’ across rural India. New Delhi:In a...
Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilution
Sanjay Joshi,CMD Oriental Insurance Company "We are targeting to make some profit this year...the proceeds from the NSE IPO would be booked as profit. It will improve the company's financials. Besides, it is going to provide liquidity," Oriental Insurance Company...
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
The complainant firm is a wholly owned subsidiary of Switzerland-based Victorinox AG. It deals with export, import and distribution of travel bags, knives, luxury watches, cutlery and other consumer products manufactured by its parent company in India. The firm had...
National Lok Adalat gives compensation of Rs 2.4 cr to kin of banker killed in Navi Mumbai accident
Banker Khurshid Ahmad was 49 at the time of incident and had an annual income of Rs 25 lakh. THANE:The National Lok Adalat held in Belapur in Navi Mumbai on Saturday resolved a motor accident claim by awarding compensation of Rs 2.40 crore to the family of a deceased...
Amazon Pay plans to expand insurance offerings in broader financial services push in India
Vikas Bansal, CEO, Amazon Pay India "Health is our next frontier," Vikas Bansal, CEO ,Amazon Pay India said, adding that health insurance was an important area for expansion as medical care costs have risen and a relatively small proportion of Indians have personal...
Sivasankar gets additional charge as NIA CMD
S. Sivasankar, Executive Director,New India Assurance The FSIB has aleady selected Lavanya R. Mundayur, CMD, Agriculture Insurance Company, as the next CMD of NIA and the necessary order is under process with the government. Mumbai: The Ministry of Finance has given...
Govt amends E-Commerce Rules to strengthen consumer protection
The Consumer Protection (E-Commerce) Rules, 2020, notified under the Consumer Protection Act, 2019, provide the framework for safeguarding consumers against unfair trade practices in the e-commerce sector. The amended Rules 2026 further strengthen this framework in...
Banking services impacted as unions go on nationwide strike to press for 5-day workweek
The strike call given by the UFBU, an umbrella body of seven unions representing 90 per cent of officer and employee strength, did not impact the functioning of private sector banks. NEW DELHI: Banking services, especially at public sector banks across the country,...
FY26 Performance: Indian general insurance underwriting losses surge 54% to Rs 46,632 crore,profit plunges 92% to Rs 953 crore
The underwriting blowout has virtually wiped out industry profitability. Aggregate net profit plunged 92% year-on-year to just Rs 953 crore in FY26, while the industry’s average combined ratio deteriorated sharply from 112.61% in FY25 to 117.83%, underscoring the...