M.Nagaraju, Secretary, DFS Nagaraju underscored the need to expand...
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RBI and IRDAI not inclined to allow commodity derivatives, Sebi says
Tuhin Kanta Pandey,Chairman,SEBI In his statement on Monday,...
PSU banks looks to scale up IT spend in view of cyber threat posed by Anthropic Mythos
Mythos’ advanced coding capabilities give it an unprecedented...
W Asia crisis:India’s exports plunge 7.44 pc in March; trade gap narrows
"Exports to the Middle East in March dropped by $3.5 billion… this has impacted goods exports in the month," Rajesh Agrawal, India's trade secretary, told reporters in New Delhi, referring to the impact of Iran war on exports The trade data underscore the opposing...
Sebi inks pact with DoT for data sharing to curb fraud in securities market
SEBI said DoT has developed a Digital Intelligence Platform (DIP), which is a secure framework for real-time intelligence sharing and coordination among various stakeholders, to combat cybercrime and financial fraud by enabling proactive action against the misuse of...
Net profit of ICICI Pru Life rises 56% to ₹609 cr in Q4FY26
The recent '0 per cent GST reform' in September 2025 has made insurance policies more affordable and our retail protection segment registered a strong 50.9 per cent year-on-year growth in H2-FY2026, Anup Bagchi, MD &CEO, ICICI Pru Life Mumbai:The net profit of...
Freight, insurance, input costs rise amid West Asia crisis, pharma supply chain under pressure: IPA
"Yes, there has been a definite increase in the freight cost. There is an insurance cost which has gone up and there is a cost increase in the solvent. We are working very closely with the government and the primary task at the moment is to ensure that the products...
SC agrees to hear plea to implement disability-sensitive guidelines for welfare insurance schemes
A bench of Justices Vikram Nath and Sandeep Mehta agreed to hear the plea which sought a direction to the Centre to exercise policy oversight to ensure that welfare insurance schemes for persons with disabilities are implemented in conformity with the guarantees under...
India forecasts sub-par monsoon after two years of above-average rains
"Currently weak La Nina-like conditions are transitioning to neutral conditions. But after June it's very likely that El Nino will develop," Mrutyunjay Mohapatra, director-general of the India Meteorological Department, said. NEW DELHI: India is likely to see...
LIC board approves 1:1 bonus issuance,Govt plans an OFS of corporation
In a regulatory filing, the bonus issue will be done by capitalising Rs 6,325 crore out of reserves and surplus available with LIC as of December 31, 2025. The bonus issue would pave way for further share sale or offer for sale (OFS) of LIC. The government, according...
Govt drops any merger plans among PSU general insurers
Though, the government had not announced any specific plans for the mergers among PSU general insurers-New India Assurance, Oriental Insurance, United India Insurance, United India Insurance- in recent times, the Department of Financial Services(DFS) was...
State can’t differentiate between serving employees and pensioners on DA: SC
In a significant judgment upholding the right to equality for retirees, a bench comprising Justice Manoj Misra and Justice Prasanna B Varale dismissed appeals filed by the State of Kerala and the Kerala State Road Transport Corporation (KSRTC) and affirmed that...
Rajive Kumaraswami to succeed V. Suryanarayanan as MD & CEO of Chola MS
Kumaraswami brings over three decades of experience across insurance and banking and has been closely associated with the insurance sector since its liberalisation,where he led the organisation through a sustained phase of growth. Chennai: Rajive Kumaraswami will...