The geopolitical developments have introduced a complex and...
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Jio Fin Services expects to begin life, general insurance biz in 2026
``We hope to start insurance manufacturing in 2026, subject to...
Advertisements on alcohol, tobacco, and accident insurance banned on trains and stations:Ashwini Vaishnaw
In case of any violation, an immediate corrective action will be...
RBI focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
Sanjay Malhotra,Governor,Reserve Bank of India Explaining Friday's cut, RBI Governor Sanjay Malhotra said inflation had softened significantly, giving space for continuing policy easing and front loading of rate cuts. The central bank has a 4% inflation target MUMBAI:...
Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs
Central bank acquired acquired equity stake of 24.91 per cent of Future Generali India Insurance Company for Rs 451 crore. It also bought a 25.18 per cent stake in Future Generali India Life Insurance for a cash consideration of Rs 57 crore as part of the insolvency...
Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants
N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic risks involved, there is very limited reinsurance capacity available for hydro power plants. More often, catastrophic covers are sub-imited. With climate risks and rising frequency and...
Monsoon Session Of Parliament From July 21 To August 12
The Insurance Amendment Bill, which proposes allowing 100 per cent foreign direct investment (FDI) in the insurance sector, is expected to be introduced in the upcoming monsoon session of Parliament New Delhi: The Monsoon session of Parliament will be held from July...
Former Kia India workers, scrap dealers face probe over theft of 1,008 engines
An initial police investigation found two former Kia India factory workers - a team leader and a head of section in the engine dispatch section - were involved in illegally transporting the engines from the factory using forged invoices and manipulated gate passes,...
AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson
Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn't just a business—it's a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a deep...
COVID-19: Active cases cross 4,000 mark, 5 fresh deaths reported in last 24 hours
Director General of Indian Council of Medical Research (ICMR) Dr Rajiv Behl on Monday stated that genome sequencing of samples in West and South have shown that the variants leading to the current rise in cases are not severe and are sub variants of Omicron only. New...
RBI considers easing bank ownership rules as foreign interest grows
Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%. MUMBAI: The Indian banking regulator is signalling possible rule...
IATA has no concerns with India’s aviation safety and infrastructure readiness
Nick Careen, Senior Vice President,IATA "Specific to the Indian market, we don't have any real concerns…We have not seen any major problems or any major concerns'' New Delhi: Nick Careen, IATA's Senior Vice President, Operations, Safety and Security, on Tuesday...
Northeast flood situation critical toll rises to 36 over 5.5 lakh affected
In Assam, more than 5.35 lakh people were affected by the deluge in 22 districts as the death toll increased by one to reach 11, while 15 rivers were flowing in a spate.In the current wave of floods and landslides across the northeastern region, Assam reported the...