Gross written premium increased to Rs 1,843 crore during the...
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Carmakers post record sales in Oct driven by festive demand GST rate cut
"In October, we did a retail of 2,42,096 units, which is a growth...
Fintech body flags UPI dominance by American companies, seeks measures for fair competition
In its letter, IFF said the current structure poses "systemic...
Top 100 firms must verify market rumours within 24 hrs starting today
Under the Sebi's rule, these companies will have to 'confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event' are circulating amongst the...
Govt shortlists 5 candidates for member, Non-Life, IRDAI, interview on June10
Five candidates are Rejeshwri Singh, CMD, National Insurance Company, Randip Singh Jagpal, executive director, IRDAI, CS Radhika, general manger, United India Insurance and two other candidates from the private sector insurance industry-Balasubramanian Pulicat,...
India’s GDP expands 7.8 pc in Q4, 8.2 pc in FY24
The growth propelled the Indian economy to USD 3.5 trillion and set the stage for achieving the USD 5-trillion target in the next few years Financial, real estate and professional services grew 7.6 per cent in the March 2023 quarter compared to 9.2 per cent in the...
DoT unveils 160 series for service, transactional voice calls
Now, for example, the service and transactional calls originating from financial entities like the RBI, SEBI, PFRDA, IRDA, etc shall start from 1601 New Delhi: The Department of Telecommunications (DoT) has introduced a new numbering series, 160xxxxxxx for making...
India’s key monsoon rains arrive early, promising respite from heat, boost crop and rural demand
Nearly half of India's farmland, without irrigation, depends on the annual June-September rains. Regular rains during the monsoon season will also bring relief from the searing heat wave that has seen maximum temperatures cross 50 degrees Celsius (122°F) in some parts...
S&P Global to observe India’s fiscal glidepath for possible rating upgrade
''Within the next 2 years we will be closely observing whether the government's depiction of fiscal consolidation path will carry on… We will be observing for the next 1-2 years to see how this fiscal numbers will come to pass and if so, this will lead to a rating...
RBI shifts 100 tonnes of gold from vaults in UK to India to save storage cost
The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the same time last year, according to the annual data released by the RBI New Delhi: The Reserve Bank of India (RBI)...
Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial institutions and fintechs, jostling for market share and growth, have loosened controls." Mumbai: Digital payment frauds in India saw a more than fivefold jump to Rs 14.57 billion ($175 million) in the...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named JioFinance, for UPI transactions, bill settlements as well as insurance related services Mumbai: Billionaire Mukesh Ambani's Jio Financial Services has introduced a new super-app for digital banking and...
Ayushman Bharat: Govt spends Rs 89,000 crore for treating 7 crore people, says Health Secy Apurva Chandra
Apurva Chandra,Union health secretary Union health secretary Apurva Chandra stated that "e-Sanjeevani, the world's largest telemedicine initiative, serving 241 million patients, including 57 per cent women and 12 per cent senior citizens has led to savings of USD 2.15...