S Ramann, Chairperson ,PFRDA Bank of Baroda has formally entered...
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India needs to shift more household savings to long-term pension assets: CEA Nageswaran
V Anantha Nageswaran, Chief Economic Adviser "That is a different...
Domestic PV sales rise 21 pc in Sep; Maruti, Hyundai, Tata post double-digit growth
The industry is anticipating robust demand during the peak festival...
Breaching Expense Limits: IRDAI bars Acko General and Niva Bupa from opening new branches for 6 months
In both the cases, the insurers failed to comply with limits on expenses of management, which comprises operating costs and commissions paid to agents and distributors, during fiscal year 2024-25, as per the IRDAI statement.Expenses for health insurers should...
8th Health Insurer: Prudential Health India commences operations
Naveen Tahilyani, Regional CEO, Indonesia, Malaysia, the Philippines, India, Africa; Group Agency and Health, Prudential plc, said: “India is a strategically important market for Prudential, with strong macroeconomic fundamentals, rising demand for healthcare, and...
LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%
The approval would give LIC the option to significantly increase its ownership in the private sector lender, subject to the applicable regulatory and statutory requirements Mumbai:Life Insurance Corporation of India (LIC), India's largest insurance company, has...
Dutch e-commerce investor Prosus to invest $100 mn in Sachin Bansal’s Navi
Sachin Bansal, founder, Navi The investment values Navi at about $1.3 billion. At present, Navi offers loans, insurance, mutual funds, and UPI payments. Mumbai: Sachin Bansal-promoted Indian fintech startup Navi said on Wednesday it will raise $100 million from Dutch...
Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs
Finance Minister Nirmala Sitharaman Sitharaman also pointed to the perception gap between public and private sector banks among younger customers, saying private banks appeared to have an image of being banks that were "cool enough as well", and urged PSBs to keep...
Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
In May this year, UK-based Prudential plc announced that it would acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management. New Delhi:Fair trade regulator CCI on Tuesday cleared the...
Healthcare delivery capital-intensive, hospital tariffs only tip of iceberg: NATHEALTH
The Parliamentary committee had observed with concern the widening cost disparity between public and private healthcare, noting that private hospitalisation averages Rs 50,508 compared to Rs 6,631 in public facilities, saying such huge disparity has triggered a...
Govt proposes 5-yr age extension for EVs, hydrogen, CNG commercial vehicles
Under the proposed changes, the existing age limits of 12 years and 15 years for vehicles covered by the national permit system would be extended to 17 years and 20 years, respectively, for battery, hydrogen and natural gas vehicles, it added. New Delhi: The...
General insurance industry grows 9% to ₹3.36 trillion in FY26: BCG reportt
The industry’s combined ratio deteriorated by two percentage points to 113%, while profit after tax (PAT) declined 23% YoY to ₹10,000 crore. Return on equity (ROE) fell to 6% from 9% a year earlier. Mumbai:India’s general insurance industry grew 9% year-on-year (YoY)...
Taxpayers earning Rs 100 crore-plus jump 39% to 576 in AY26: Report
As per an analysis by SBI Research, the number of taxpayers reporting income of Rs 1 crore or more increased by 14 per cent to 5,35,672 in AY26 from 4,71,419 in AY25. New Delhi: The number of taxpayers reporting annual income of Rs 100 crore or more rose 39 per cent...