``We expect to sustain this momentum and grow in line with the...
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Fairfax plans to merge Digit, IIFL Capital with IDBI Bank to build global financial services major, N. S. Kannan to be bank’s chairman
Prem Watsa, chairman and chief executive officer of Fairfax...
ICICI Lombard General net profit rises 15.5% to Rs 946 crore in Q2FY27
The insurer's combined ratio was 107 per cent in the July-September...
Microfinance sector must prioritise savings, insurance over credit to avoid recurring crises: CEA Nageswaran
Chief Economic Adviser V Anantha Nageswaran said microfinance institutions need to move beyond lending and focus on building sustainable livelihoods and financial security for low-income households. New Delhi: India's microfinance sector must prioritise savings and...
FSSAI issues notices to Dr Reddy’s, Nestle Health Science, Amazon, Flipkart for misleading claims
The regulator further said that the claims printed on the pack regarding muscle strength, immunity support and energy metabolism were found to be presented in a way that could mislead consumers about the health benefit of the product. Mumbai: Food regulator Food...
Govt caps trade margins at 30 pc of MRP for anti-cancer drugs
The move addresses excessive trade mark-ups and aims to improve affordability while ensuring continued availability of these life-saving medicines.The measure is expected to reduce medicine prices by up to 70% and help cancer patients save ₹2,500 crore annually,...
NMC bars AI-generated patient testimonials, clinical outcomes in medical advertising
The guidelines prohibit registered medical practitioners and hospitals from using AI-generated content for advertising their services, soliciting patients or disseminating unverifiable information relating to diagnoses, treatments and outcomes. New Delhi:The National...
GST Council allows employers to get Input Tax Credit on GST paid for employee insurance cover
Nirmala Sitharaman,Union Finance Minister Currently, an 18 per cent GST is levied on all such group insurance policies. Almost every organised employer provides cover for its workforce, so the cost of providing the coverage comes down, which should assist the spread...
PM calls for global framework on cyberfraud, deepfakes; asks govts, telcos, financial cos to team up
Narendra Modi,Prime Minister Modi flagged the growing challenge posed by deepfakes and said countries need to work together on a global framework to address such emerging threats. NEW DELHI: Prime Minister Narendra Modi on Thursday called for a global framework to...
RBI backs IRDAI on distribution reforms
“It is primarily, I think, to consumer interest, to reduce costs and also at the same time to prevent mis-selling,” said RBI Governor Sanjay Malhotra . Mumbai: RBI Governor Sanjay Malhotra has insurance regulator IRDAI's proposed distribution reforms, saying the...
Leadership changes loom at Bajaj General, IndusInd General
Sharad Mathur has already joined IndusInd General Insurance to succeed Rakesh Jain, while Parag Ved, MD & CEO of Liberty General Insurance is currently one of the frontrunners to succeed Tapan Singhel at Bajaj General Insurance, who completes 15 years in March...
GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact from...
UNDP and Generali Central launch insurance innovation challenge to strengthen MSME resilience in India
Angela Lusigi, Resident Representative, UNDP India India’s more than 73 million MSMEs contribute about 30% of the country’s GDP and 44% of its exports, while employing 60% of its workforce (SIDBI, 2025). Yet climate shocks, supply-chain disruption, workplace risks and...