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Swiss airplane catches fire during takeoff, Delhi airport declares emergency; 4 injured say sources
Assessing the situation, the crew members immediately declared an...
FM calls for exceptional vigilance on cybersecurity risks in financial system
Nirmala Sitharaman,Union Finance Minister "…not just Sebi but all...
Cryptocurrencies hamper financial stability: RBI
In absence of any regulation, cryptocurrency is not yet illegal in India. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and finance ministry, is looking into global norms...
Active Covid cases in India cross 5,000-mark
Official sources have maintained that most cases are mild and managed under home care. Since January this year, 55 deaths have been reported in the country. There were a total of 257 active patients in the country on May 22 New Delhi: India's active Covid case tally...
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...