Tata Group-owned Air India is in the process of paying the interim...
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No major impact on normal life due to one-day nationwide strike call
According to reports, a mixed response was seen in states including...
Data-driven governance and research critical for resilient securities markets: SEBI Chairman
He highlighted that while artificial intelligence and advanced...
95 pc families of AI 171 crash received interim compensation, says Air India CEO
About 70 of the families have also received the ex gratia payment from the AI 171 memorial trust, with another 50 or so in the process of being dispersed, and we continue to reach out to the families of those affected, both as Air India and as Tata Sons, to offer the...
US court of appeals upholds USD 194 mn damages against TCS in CSC DXC trade secrets dispute
In June last year, a US court had ruled that TCS is liable for misappropriation of trade secrets and levied penal charges of around USD 194 million on the IT major. The company is evaluating various options, including review and appeal before appropriate courts, and...
Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government Directory (LGD) codes, creating a unified, verifiable database for rural identification. Through the Bima Gram API, insurers can now simply enter a customer’s postal PIN code to retrieve the corresponding...
Delhi tribunal awards Rs 1.1-crore compensation to family of serviceman killed in crash
Presiding officer Sudeep Raj Saini observed that merely because the deceased was riding his two-wheeler under the influence of alcohol, it did not automatically establish contributory negligence on his part. New Delhi: A motor accident claims tribunal here has awarded...
IRDAI chairman Seth meets Indian reinsurers
Ajay Seth, chairman,IRDAI ``It was an introductory meeting and had no specific agenda. Seth wanted to know the state of affair in the Indian reinsurance industry,’’ said one of the CEOs who had attended the meeting Mumbai: After meeting life and non-life insurers...
Crop loss from floods wild animals now covered under PM Fasal Bima Yojana: Chouhan
"I want to give good news to farmers. PMFBY, which provides risk coverage and compensation for crop losses, will now include losses caused by flooding and wild animals", Union Agriculture Minister Shivraj Singh Chouhan Nagpur:Union Agriculture Minister Shivraj Singh...
FinMin renews merger proposal of state-owned general insurance companies
To facilitate the entry of new players from overseas to cater to the demand for insurance and increase penetration, the government has lined up a bill seeking to increase the FDI limit to 100 per cent from the existing 74 per cent in the insurance sector in the...
Mandatory appointment letters, fixed work hours, social security benefits among key changes in new labour Codes
The Ministry of Labour & Employment has also taken steps to develop a national database to enroll unorganized workers including migrants. It will help migrant workers get jobs, map their skills and provide other social security benefits. This will ensure...
Govt to table Bill to hike FDI in insurance sector to 100% in Winter session of Parliament
A bill seeking to open up the civil nuclear sector for private players, which will have implications for the industry, is among the 10 new proposed legislations listed by the government for introduction in the winter session of Parliament, beginning December 1. New...
“Insurers could be mandated to meet annual disability coverage targets monitored through digital dashboards”Sr Govt official
“IRDAI's role, along with the Ministry of Health and Family Welfare and the Department of Empowerment of Persons with Disabilities, needs to be very strongly converged and coordinated because this is not a single ministry's game. Insurers could be mandated to meet...