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Banks act as agents for customers, presenting stale cheques constitutes deficiency in service: SC
A bank receiving cheques for collection acts as an agent of the...
W Asia crisis:India’s exports plunge 7.44 pc in March; trade gap narrows
"Exports to the Middle East in March dropped by $3.5 billion… this...
Private sector general and health insurers record higher underwriting losses in FY 25
Led by Tata AIG General insurers, which had an underwriting losses of Rs 2,229 crore, 25 e private sector multiline general insurers ‘ underwriting losses have spurted by 12 per cent to Rs 12,398 crore in FY 24-25.Similarly, with Star Health at the top, the...
No Insurance Amendment Bill yet in Parliament’s Monsoon session
The government has already listed eight bills for their likely introduction and passage in the Monsoon session of the Parliament but there is no mention of the Insurance Amendment Bill in the list.The Ministry of finance officials earlier had...
Progress in India enabled by dual strategy of strong safety nets, reforms that foster growth: NITI Aayog VC
Suman Bery ,Vice Chairman, NITI Aayog 240 million Indians escaped from multi-dimensional poverty in the decade between 2013-14 and 2022-23, and social protection coverage has more than doubled since 2015. India is on track to achieve health targets for maternal, child...
Uttarakhand crash: AAIB says helicopter tumbled down hill after rotor blade hit overhead cable
The 17-year-old Bell 407 helicopter operated by Aerotrans Services Pvt Ltd, with six passengers onboard, crashed 24 minutes after being airborne on May 8. New Delhi: A preliminary probe into the helicopter crash that killed six people in Uttarakhand in May has found...
RBI Dy Governor pitches for global unity, tech transfer to tackle climate change
The Deputy Governor said the focus needed to shift from project-based finance to overall market development with policy reforms, development of a project pipeline, and consistent regulatory frameworks, creating systemic conditions for fostering sustainable and green...
ED summons Meta, Google officials in illegal betting case
The federal agency is probing multiple platforms hosting illegal betting and gambling links, including instances of advertisements placed for them on various Internet-based social media outlets and app stores. New Delhi: India's financial crime fighting agency, the...
Banks need to build resilience against cyber threat: DFS Secretary
Financial Services Secretary M Nagaraju Launched in December 2024, the 'Code Against Malware' hackathon invited student teams from IIT Kanpur and other premier institutions to develop endpoint security solutions to detect ransomware, using behavioural analysis,...
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...
Legal battle with X: Centre shows fake ‘Supreme Court of Karnataka’ account in HC
Appearing for the Centre in its ongoing face-off with social media giant X Corp, Solicitor General (SG) Tushar Mehta presented the account as evidence of how easily digital platforms can be misused to mislead the public Bengaluru: Solicitor General (SG) Tushar Mehta...
EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap
"For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," EU foreign policy chief Kaja Kallas said in a post on X. Other measures adopted by EU include sanctions on dozens more vessels in Russia's shadow fleet of oil tankers,...