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Govt allows a one-time switch facility from UPS to National Pension System
From April 1, 2025, the government has introduced UPS as an option...
India’s household savings to generate inflows of $ 9.5 trillion into financial assets in next 10 years: Goldman Sachs
Out of the total inflows, Goldman Sachs expects a large portion,...
India among world’s worst countries to work remotely: Report
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work -- 15 places lower compared to last year --...
ICICI Lombard Q2 profit falls to Rs 577 crore
The company had managed to bring down its combined ratio to 103.90 per cent during the reporting quarter as compared to 105.10 per cent in the year-ago period.The insurer's underwriting losses have fallen marginally to Rs 145 crore during the quarter over Rs152 crore...
ICICI Prudential Life Q2 profit rises 23 pc to Rs 244 crore
The assets under management of the company grew by 11.3 per cent from Rs 2,44,279 crore as on September 30 last year to Rs 2,71,903 crore as on September 30, 2023 Mumbai: ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net...
Govt wants adoption of Property/Parametric covers to mitigate financial losses due to natural catastrophes
Vivek Joshi, Secretary, Department of Financial Services (DFS), for the first time on Wednesday met General Insurance Council and a few CEOs of private sector general insurance companies in New Delhi, to discuss several critical issues having implications for the...
India’s pension system improves from 2022: Report
''Changes in workforce dynamics, employment and family patterns have brought formal sources of retirement to the forefront. While there is improvement in the net pension replacement rate and participation in private pension plans, which is reflected in the value of...
In 3:2 majority verdict, SC says queer couples can’t adopt children
This is not to say that unmarried or non-heterosexual couples cannot be good parents, Justice Bhat said, adding that the State, as the guardian, has to explore all areas and ensure that the benefits reach such children who are in need of stable homes New Delhi: A...
SC declines to allow same-sex marriages
On April 27, the court asked the Centre whether social welfare benefits such as opening joint bank accounts, nominating a life partner in provident fund, gratuity and pension schemes can be extended to same-sex couples without going into the issue of legal sanction to...
Jio Financial set to launch suite of loan products in billionaire Ambani’s finance push
The company's insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards Bengaluru: India's Jio Financial Services JFS plans to launch...
Insurtech BimaKavach gets insurance broking license, plans fund raising
In 2022, BimaKavach raised $2 million in a seed round led by WaterBridge Ventures, with participation from Blume Ventures, Arali Ventures, and Eximius Ventures to be utilized for designing new-age business risk covers, investing in proprietary risk management...
Coal secy stresses on importance of cyber security, says threats are more sophisticated
The coal ministry organised the workshop to sensitise the PSUs and organisations under its administrative control about current cyber security challenges and adapt and implement best practices in their organisations New Delhi: Coal Secretary Amrit Lal Meena on Friday...