The Department of Financial services (DFS) has sent letters to...
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Scheduled commercial banks allowed to become sponsors of Pension Funds
This will enhance competition and safeguard subscriber’s interests....
Indian auto industry closes 2025 on firm footing, broad-based sales growth reported in December
Maruti Suzuki India, the largest car maker in India, reported total...
LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24
“During the last year, we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of non-par business within our Individual business. Now we intend to focus our strategic interventions to...
Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person
Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...
Remal weakens into cyclonic storm, expected to move northeastwards: IMD
Scenes of widespread devastation were evident across West Bengal's coastal areas, with extensive damage to infrastructure and property, a day after Cyclone Remal tore through the coasts of Bangladesh and West Bengal with winds reaching speeds of 135 km per hour New...
3 PSU general insurers need Rs 94-102 billion capital infusion to meet solvency of 1.5, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, further said : “With higher growth, the market share of private insurers in terms of GDPI is likely to rise to 69% for FY2025 and 71% for FY2026 from 68% for FY2024. The health segment,...
2024 General Elections: Policies and markets at risk
A lower margin of victory for Modi could lead to short-term volatility, fund managers said, while a win for the opposition could lead to a sharper correction due to policy uncertainty New Delhi: India's six-week long national election, the world's largest, has entered...
“License invalid, no emergency exit doors…”: Police reveal lapses in Delhi Children Hospital fire incident
``The hospital did not have a fire exit system. So in view of all this, we have added sections 304 and 308 of IPC in FIR and we have arrested its director, Dr Naveen Kichi. One of the doctors who was on duty, Dr Akash, has also been arrested. The accused have 3 such...
10.46 lakh motor accident claims worth Rs 80,455 crore pending nationwide: RTI
In the wake of inordinate delays in adjudication of motor accident claims, Supreme Court advocate K C Jain said he has filed an interlocutory application in the Supreme Court under writ petition (civil), demanding that considering the delay in decision and payment of...
Crippling heat wave in India peaks at 50 degrees Celsius in Rajasthan’s Phalodi
The punishing heat in India is straining power grids and drying up water bodies, triggering drought-like conditions in parts of the country. According to the Central Water Commission, water storage in 150 major reservoirs in India plunged to its lowest level in five...
Ayush ministry’s event on Monday for linking Ayush hospitals with insurance industry
The program will discuss the regulatory framework and policy support needed to mainstream Ayush treatments in health insurance schemes and facilitate a dialogue between key stakeholders to address both challenges and opportunities. NEW DELHI: The Ayush ministry will...
Govt directs telecos to block incoming international spoofed calls
"DoT and Telecom Service Providers (TSPs) have devised a system to identify and block such international spoofed calls from reaching any Indian telecom subscriber. Now directions have been issued to the TSPs for blocking such incoming international spoofed calls," the...