"There are many headwinds that will weigh on markets today: the...
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Panda wants Bima Sugam up and running by Apr 19, 2025 coinciding with IRDAI’s 25th foundation day
Debasish Panda, chairman, IRDAI In fact, Apr 19,2025, is the 25th...
BJP Manifesto 2024: PM Modi promises to make India a global insurance hub
Prime Minister Narendra Modi Every elderly person above the age of...
Social commerce set to scale, but concern of authenticity looms large: Industry
''Social commerce is expected to grow 10x by 2030 to a USD 55 Billion market in India. It is particularly strong in Tier 2 and Tier 3 cities with a focus on affordable products, particularly in the fashion and home improvement space,'' said Anand Ramanathan, Partner,...
IMD using AI machine learning to enhance weather forecasts: Director general
"We aim to provide forecasts at the Panchayat or village level…tailoring weather information to sector-specific needs in agriculture, health, urban planning, hydrology, and environment," India Meteorological Department Director General Mrutyunjay Mohapatra said New...
S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos
Sanlam has already entered into a share purchase deal to buy 6.29 per cent in Shriram General Insurance Company (SGIC) and 7.04 per cent in Shriram Life Insurance Company (SLIC) from TPG India Investments, and 4.45 per cent in SGIC and 4.98 per cent in SLIC from the...
Wheat price won’t be affected, vegetable needs to be watched out: RBI Governor on heatwave predictions
Shaktikanta Das,Governor,Reserve Bank of India The RBI Governor said that since wheat harvesting is almost over in the country, any heatwave condition won't impact wheat prices, but the prices of vegetable has to be watched out in wake of the temperatures...
RBI holds key rate steady on robust growth, above target inflation
Shaktikanta Das,Governor,RBI Robust growth provides space for monetary policy to remain focused on bringing inflation down to the central bank's 4% target, said RBI Governor Shaktikanta Das MUMBAI: The Reserve Bank of India held the key repo rate unchanged for a...
Indian general insurance industry grows by 12.80% to Rs 2,89.726 crore in FY 23-24
The four large PSU general insurers, with a total premium of over Rs 90,000 crore, have been able to retain a market share of 31.18 per cent in FY 23-24. Their total market share was 32.27 per cent in fy 22-23. The private sector general companies now have a market...
No increase in prices of essential medicines this fiscal year Mandaviya
"This year the inflation has not increased. It is just 0.005. Therefore companies are not going to increase prices this year.," Union Minister Mansukh Mandaviya asserted New Delhi: Union Minister Mansukh Mandaviya said on Thursday said there will be no increase in...
New India ends FY 23-24 with a global prm of Rs 41,860 cr
``Our motto remains growth with profitability. And in this process, we have let go of a few loss-making businesses which were unwilling to renew at the right price or terms. Our market share is 12.78 per cent and we remain the market leader. The industry continues to...
Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers
The acquisition strengthens Aon’s existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon’s talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace
``No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA's new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the players. The...