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India expects 2026 monsoon rains to be below average
An El Nino weather effect is likely to develop soon and influence...
AIC chief Lavanya Mundayur selected as CMD of New India Assurance
Lavanya Mundayur, CMD, Agriculture Insurance Company The FSIB had...
AI turning vital to healthcare, need to prepare doctors to use it responsibly:NMC chairperson
"This is not about turning a doctor into a technologist. It is about ensuring that every doctor understands what AI can and can't do, can interpret AI output critically, use AI safely in clinical practice, and maintain independent clinical judgement," he said. New...
US delegation explores India’s expanding nuclear sector
The SHANTI Act replaced the Atomic Energy Act of 1964 and the Civil Liability for Nuclear Damage (CNLD) Act of 2010. The CNLD Act had tougher liability provisions on nuclear suppliers which global companies found to be an impediment to exploring the Indian market. New...
UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%
Anil Wadhwani, CEO, Prudential There is potential additional consideration payable of up to ₹700 crore ($78 million) by Prudential in Bharti Life deal, dependent on the fulfilment of certain conditions. Anil Wadhwani, CEO, Prudential, said, “India is a strategically...
Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case
The court, in the judgment passed on Saturday, ordered that the entire fine amount of ₹30 lakh, once recovered, be paid as compensation to the woman, a resident of Thane in Maharashtra. Thane: A Thane court has sentenced a financial advisor to two years rigorous...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel
The bank was also ordered to pay Rs 10,000 for mental agony and litigation costs.As per the complainant, her husband had an account with the bank's Tri Junction Cantonment area in Nagpur. She stated that insurance protection up to Rs 5 lakh was being provided to the...
AP govt plans financial rewards for larger families:Chief Minister
N Chandrababu Naidu,Chief Minister,Andhra Pradesh "I have made a new decision. We will provide Rs 30,000 immediately after the birth of a third child and Rs 40,000 for a fourth child. Isn't this the right decision?" Naidu said on the sidelines of the...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
Monsoon rains to hit southern Indian coast early, spurring crop planting
Last month, the India Meteorological Department forecast below-average monsoon rains in 2026 for the first time in three years, raising concerns over farm output and economic growth in Asia's third-largest economy, which, like other countries, already faces...
GIC Re infuses $49 million into its Malaysian branch
GIC Re appoints Rajesh Lahiri as new CFO in place of V. Balkrishna New Delhi: State owned GIC Re has infused USD 49 million (approximately Rs 469 crore) into the Corporation’s Labuan (Malaysia) Branch for maintaining solvency as required by the Labuan Financial...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...