M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
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Govt notifies wage revision for PSU general insurance industry
The overall hike in wage bill will be 12.41 per cent with an...
AIIA signs MoU with GI Council to launch cashless ayurveda treatment across 32 insurance companies
The primary benefit of this MoU is the establishment of a cashless...
Deadline to file income tax returns extended till September 15
“To facilitate a smooth and convenient filing experience for taxpayers, it has been decided that the due date for filing of ITRs, originally due on July 31, 2025, is extended to September 15, 2025,” the Central Board of Direct Taxes (CBDT) said in a statement on...
LIC net profit rises 38 % to Rs19,013 crore in Q4FY25, health insurance venture in next 2/3 months, says CEO
Siddhartha Mohanty, CEO & M D, Life Insurance Corporation On the proposed health insurance joint venture, Siddhartha Mohanty, CEO & M D, LIC, said, “ We are yet to finalise our plans to foray in to health insurance. The proposal has to be taken to the board,...
Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report
While China (+7.8% p.a.) will continue to dominate the region in absolute terms, the real growth champion over the next decade is likely to be India (+10.5% p.a.) Mumbai: With a total premium income of USD 145 billion in 2024 , the Indian insurance market has showed...
SBI Life Insurance Vidyaniti buy 4.25 pc unit-holding in NHIT for Rs 1100 cr
According to the block deal data available on the NSE, SBI Life Insurance Company picked up more than 3.74 crore units or 1.93 per cent holding in NHIT New Delhi: SBI Life Insurance and Vidyaniti LLP on Monday bought a 4.25 per cent unit-holding in National Highways...
GIC Re’s net profit falls 17 % to Rs 2,183 cr, gross premium rises 20 % to Rs 10,367 cr in Q4FY25
GIC Re board, which met on Monday to finalise its results, has declared a record dividend of Rs 10 per share(or 200 per cent) with a face value of Rs 5 Mumbai: With higher underwriting losses and combined ratio , state owned GIC Re’s net profit has fallen by 17...
No cause of worry infection severity mild ICMR DG amid uptick in Covid cases
"Whenever cases increase, we look at three things. It's dependent on three factors with the first being how transmissible it is, conversely how fast the cases are increasing. Previously we saw Covid cases double in two days, but this time it is not that cases are...
Govt to address ecommerce dark pattern concerns with all stakeholders
Pralhad Joshi, Union Minister for Consumer Affairs After extensive stakeholder consultation, the department issued comprehensive guidelines on the prevention of dark patterns on November 30, 2023 recognising 13 prominent dark patterns in e-commerce including False...
6 general insurers hit with over Rs 2k crore losses as fire destroys Nashik manufacturing plant of Jindal Poly Films
The insurers, who have provided the cover for the plant are- National Insurance Company(38 per cent), Reliance General Insurance(23 per cent), Oriental Insurance Company (12 per cent), Iffco Tokio General Insurance(12 per cent), United India Insurance(10 per cent) and...
Government to unveil Bharat Forecasting System on Monday
"We will now be able to issue more localised and accurate weather forecasts," said M Ravichandran, Secretary, Ministry of Earth Sciences, New Delhi: The government will on Monday unveil a new 'Bharat Forecasting System' that will enable the weather office to provide...
Reliance General Insurance posts 12.5 rise in net profit to Rs 315 cr in FY25
Hinduja owned IIHL, which acquired Reliance Capital through the insolvency process in March this year, infused Rs 100 crore in May 2025 in the general insurance company reinforcing its financial strength and growth momentum New Delhi: Reliance General Insurance, an...