The report for the 2024-25 financial year said the crypto currency...
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S Prakash appointed as first CEO,Health Insurance, GI Council,to spearhead sector reforms
S Prakash, CEO-designate, Health Insurance, General Insurance...
Mis-selling in insurance sector significant concern:Irdai
The total number of grievances registered against life insurers has...
Novo Nordisk launches anti-obesity drug Wegovy in India
"We have an India-specific price with the benefit of the same price for the first three dosing strengths. With this we are reaffirming our commitment to address India's growing burden of overweight and obesity," Novo Nordisk India Managing Director Vikrant Shrotriya ....
Indian stock market opens higher as geopolitical tensions ease
"The sharp reactions in the crude oil and stock markets suggest the geopolitical situation limping back to normalcy," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited Mumbai: The Indian benchmark indices opened in green on Tuesday amid...
Warburg Pincus in talks with Premji Invest and SBI to sell its 10 % stake in SBI General
A transaction could value SBI General Insurance at as much as $4.5 billion, the people said. Mumbai: Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people...
SBI to deepen employees’ financial understanding; to have bi-weekly yoga sessions for all
"This strategic initiative aims to enhance the depth, quality, and consistency of financial planning provided across SBI's extensive branch and digital network. The training will cover investment planning, retirement readiness, insurance advisory, and estate planning,...
Indian insurers say RBI’s limit on duration for state debt STRIPS may dent demand
Earlier this month, the Reserve Bank of India enabled Separate Trading of Registered Interest and Principal of Securities (STRIPS) for state debt but said these securities can only be issued for bonds with a residual maturity of up to 14 years. MUMBAI: The Indian...
Insurance and vessels not available for Iran-bound cargo amid Middle East conflict, India’s basmati rice shipments to Iran stuck at ports
The shipments are primarily held up at Kandla and Mundra ports in Gujarat, with neither vessels nor insurance available for Iran-bound cargo due to the Middle East conflict, said president Satish Goyal New Delhi: Around 1,00,000 tonnes of basmati rice destined for...
DGCA puts in place special audit framework for ‘360-degree’ safety evaluation of Indian aviation ecosystem
The audit framework will cover the entire range of aviation entities, including scheduled and non-scheduled airlines, maintenance, repair and overhaul organisations (MROs), flying training schools, air navigation service providers, airport operators and ground...
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
Nearly 30 percent of global oil and a third of the world's LNG (liquefied natural gas) passes through the strait daily and its closure would immediately reduce global supplies triggering a spike in prices New Delhi: Any blocking or disruption of traffic through the...
RBI-led initiative to curb digital frauds gains momentum banks roped in to set up DPIP
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...
AIC launches a new cover for aquaculture industry
(L to R) Lavanya R Mundayur, CMD, Agriculture Insurance Company, M Nagaraju, Secretary, Department of Financial Services(DFS), Parshant Kumar Goyal, Joint Secretary, DFS “With Aquaculture insurance, we are not just mitigating risks but fostering resilience in one of...