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Near-term outlook remains uncertain with external shocks posing downside risks to growth:Finmin
The geopolitical developments have introduced a complex and...
Jio Fin Services expects to begin life, general insurance biz in 2026
``We hope to start insurance manufacturing in 2026, subject to...
Thane MACT awards Rs 1.2 crore compensation to kin of businessman killed in expressway accident
Tribunal member R V Mohite on Thursday directed the owner of the tempo involved in the accident and the insurer, ICICI Lombard General Insurance Co. Ltd, to jointly and severally pay the compensation with 9 per cent interest per annum from the date of the petition...
Govt throws open CMD posts of PSU general re/insurance cos and one position of LIC MD for pvt sector professionals
The new norms now will allow eligible private sector professionals to apply for the CMD post of GIC Re, which has fallen vacant after N Ramaswamy retired on Sep 30 External Candidates applying for posts of CMDs of PSU general insurance companies should have minimum 21...
Canara HSBC Life IPO sees tepid response; subscribed 6 pc on day 1
The retail individual investors (RIIs) category was subscribed 9 per cent, and the portion for non-institutional investors received 3 per cent. The qualified institutional buyers (QIBs) category did not see any participation so far. Canara HSBC Life Insurance Company...
Sitharaman asks fintechs to strengthen risk management to check AI misuse
"Even as AI opens extraordinary possibilities, we must confront its darker side. The same tools that power innovation can be weaponised for deception and for fraud. I'm not personalising it, but I can say, I have seen several deepfake videos of myself being circulated...
NITI Aayog unveils roadmap on AI to empower 490 million informal workers
NITI Aayog's Mission Digital ShramSetu will harness AI, blockchain, immersive learning, and other frontier technologies to dismantle structural constraints — ranging from financial insecurity and limited market access to lack of skilling and social protection — and...
Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance and Bajaj Life Insurance
Sanjiv Bajaj, chairman & managing director, Bajaj Finserv "The acquisition of shares in accordance with the terms of the Share Purchase Agreement( SPA), is expected to be completed in the coming months, making both insurance entities wholly owned by the Bajaj...
IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Rashmi Iyer, director, IBAI Nirmala Sitharaman, Union Minister, Finance & Corporate Affairs Embed suitable insurance covers with Mudra Loans,...
SEBI chief warns investors on fraudsters offering guaranteed returns
Tuhin Kanta Pandey, Chairman,SEBI "Our survey reveals that an impressive 63 per cent of Indian households, translating to 213 million households, are aware of at least one securities market product. However, our focus must be on the journey from awareness to action....
Govt considers introducing nationwide climate-linked insurance scheme
The National Disaster Management Authority, the finance ministry and GIC Re and other top reinsurers and insurers are exploring coverage options and funding mechanisms, the official added. MUMBAI: India's government has begun early-stage talks with local insurers...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector
Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary, Department of Financial Services (DFS) added that unclaimed insurance proceeds stand at over Rs 13,800 crore, unclaimed balances in mutual funds amount to about Rs 3,000 crore, and unpaid dividends...