All these reforms come as Prime Minister Narendra Modi and his...
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Natural disaster blamed for landslide deaths as J-K court quashes plea against Vaishno Devi board
The plea alleged that despite weather advisories issued by the...
Data breach case: US court approves Infosys McCamish’s proposed USD 17.5 mn settlement
Under the proposed terms, Infosys McCamish Systems had agreed to...
ICICI Lombard General net profit rises 19% to Rs 520 crore in Q4 FY 24
The company’s combined ratio has improved to 102.2 per cent in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...
SC defers to July 30 hearing on if change in law needed in regimes on grant of driving licences
A five-judge constitution bench headed by Chief Justice D Y Chandrachud adjourned the matter after Attorney General R Venkataramani submitted a note indicating that the consultations carried out by the Ministry of Road Transport and Highways have culminated in...
UNFPA report reveals 24% of India’s population is under 14 years old, totaling 144 crore
The segment aged 10-24 is estimated to constitute 26 per cent, with the 15-64 age group making up 68 per cent. Additionally, 7 per cent of India's population is aged 65 years and above, with men having a life expectancy of 71 years and women 74 years New Delhi: UNFPA...
India to remain global growth driver in foreseeable future: IMF executive director
Krishnamurthy V Subramaniam, executive director of the International Monetary Fund (IMF) Asked where India stands amid the current global economy, he responded, "I think India will continue to be the driver for global growth in the foreseeable future. The maximum sort...
Middle East crisis: Civil aviation ministry asks airlines to carry out risk assessment on flight ops
Civil Aviation Secretary Vumlunmang Vualnam on Tuesday said that airlines have been asked to make their own risk assessment with respect to their flight operations New Delhi: Amid escalating tensions in the Middle East, the civil aviation ministry has asked airlines...
RBI issues draft guidelines on payment aggregators
The RBI said that given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations in Escrow accounts, and...
Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla
Kumar Mangalam Birla, chairman,Aditya Birla Group ``Our Health Insurance business is one of the fastest growing Standalone Health Insurance players driven by a unique ‘Health-first’ model. It also raised capital in FY23 from a marquee sovereign wealth fund, ADIA. This...
IBISA launches climate cover for protecting Indian dairy industry from heat waves
In response to the significant decline in milk yield, estimated at 30-35% during severe heat waves, IBISA's Heat Stress Solution utilizes advanced climate metrics and satellite technology to provide vital protection for dairy farmers Bengaluru: IBISA, an insurtech...
Markel appoints Priyanka Gautama as chief underwriting officer for India
Priyanka Gautama, chief underwriting officer, Markel, India Gautama’s arrival underscores the organisation’s commitment to recruiting top-tier talent as it continues to serve brokers locally through superior underwriting, while supporting the business’s overarching...
India likely to experience above-normal rainfall this monsoon: IMD
Climate scientists say the number of rainy days is declining while heavy rain events (more rain over a short period) are increasing, leading to frequent droughts and floods. New Delhi: India is likely to experience above-normal cumulative rainfall in the 2024 monsoon...