This will be Lloyd’s second entry into Indian reinsurance market as...
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Insurance, 8 other economic bills to be taken up in Winter Session
As per the list of Bills circulated with the members of Parliament...
Indian airlines complete software upgrade for 80 pc of 338 affected A320 family planes
A total of 200 IndiGo planes have been affected, and software...
Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as Meta Platforms's WhatsApp have denied the regulator access to its social media group chats as the current information technology law does not identify the capital markets watchdog as an 'authorised...
GIC Re makes a $25 million claim provisioning for LA wildfires, expands global biz 15% in Jan1 renewals
`We have a small exposure for LA wildfires. It's not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We've still not received too many intimations from our...
AI dangerous tool, be it in Chinese or American hands: Delhi HC on plea to ban DeepSeek
The court’s observation came while it was hearing a petition seeking a direction to the Centre to block access to DeepSeek, an AI chatbot developed by Chinese entities, in all forms in India New Delhi: The Delhi High Court observed on Wednesday that artificial...
Clear case of discrimination: Gujarat HC on CRPF denying promotion to HIV positive staffer
"This case highlights clear instances of discrimination in the Central Reserve Police Force for the incumbents who are suffering from the disease known as HIV-AIDS," the HC said in its order Ahmedabad: The Central Reserve Police Force (CRPF) denying a female staffer...
Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy
“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through. So each one of these has problems that need to be solved. People are working on solving these problems,” Oil Secretary Pankaj Jain...
Equity investors’ wealth erode by Rs 18 lakh cr in 6 days of market fall
During the day, the benchmark tanked 905.21 points or 1.18 per cent to sink below the 76,000-level and hit a low of 75,388.39. Since February 4, the BSE bellwether gauge has slumped 2,412.73 points or 3.07 per cent New Delhi: Investors suffered an erosion of Rs 18...
Stock market crashes over 1 pc as investors jittery over US tariff moves, investors poorer by Rs 16.97 trillion in 5 days
On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16 crore. Market experts believe that the uncertainty around US trade policies and the impact of tariffs on global trade have led to weak investor sentiment. All sectoral indices on the NSE closed in...
Govt planning to use AI for identifying mule accounts to check cybercrime: Amit Shah
Amit Shah, Union Home Minister Union Home Minister Amit Shah said efforts are underway to use Artificial Intelligence (AI) for identifying mule accounts, in coordination with the Reserve Bank of India (RBI) and all banks to establish a system for their detection, an...
Due diligence of qualified bidders for IDBI Bank underway: MoS Finance
The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank. This includes a 30.48 per cent stake of the Government of India and 30.24 per cent of LIC New Delhi: The due diligence of qualified bidders for IDBI Bank, which is up for privatisation,...
IRDAI chief to meet insurance industry CEOs for Bima Sugam and Bima Manthan on Feb 12-14
Debasish Panda,chairman,IRDAI The IRDAI, on Feb 12, is expected to do a plain speaking to the insurers who have not taken their Bima Sugam job seriously. IRDAI chairman Debasish Panda will address CEOs of non-life insurance companies on 13th Feb and life companies...