"Right now we are in a conversation regarding deepfakes, regarding...
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PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and...
Rajasthan: Agri Minister Meena exposes major scams in PMFBY claim settlements in the state
Kirodi Lal Meena,Agriculture Minister,Rajasthan Rajasthan...
Six aircraft engine shutdown incidents reported this year, Union minister Murlidhar Mohol
"During 2025, from January to July (till date), a total of 06 incidents of engine shutdown and a total of 03 incidents of May Day calls have been reported," Minister of State for Civil Aviation Murlidhar Mohol said in a written reply in Rajya Sabha New Delhi: A total...
Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the Insurance Act, 1938, has imposed a penalty of Rs. Five Crore on M/s Policybazaar Web Aggregator Pvt. Ltd. (Now known as "M/s Policybazaar Insurance Brokers Pvt. Ltd.") along with direction, advisory and...
AON and Willis make key appointments in India
Aon has appointed Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India while Willis, a business of WTW, announced the appointment of Azad Kumar as Growth Leader of Energy, Construction and Marine in India. Mumbai: Two large overseas re/insurance...
Insurance JVs between Generali and Central Bank unveil a new brand
Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
LIC’s equity investment stands at Rs16.76 trillion till June 30, sees marginal decline in equity holding in Q1FY26
India’s largest institutional investor, Life Insurance Corporation of India (LIC), saw a marginal decline in its equity holdings. Across 284 companies where it holds over 1 per cent, LIC’s stake dropped to 3.68 per cent as of June 30, 2025, from 3.72 per cent at the...
Finance Act 2025 provides substantial relief under new tax regime: Minister
The Finance Act, 2025, has increased the income threshold for claiming a tax rebate under section 87A of the Income Tax Act, 1961 for resident individual taxable under the new tax regime under section 115 BAC of the Act from Rs 7 lakh to Rs 12 lakh, and the maximum...
Generali sets up reinsurance business in GIFT-IFSC
The IFSCA, a unified regulator for developing India’s first International Financial Services Centre(IFSC) has already issued licenses to half a dozen of global players including Berkley Insurance Asia, Allianz Partners, Peak Re, Singapore Re and Doha...
Centre cuts prices of 35 essential medicines
The formulations, which will now cost less, span a wide range of medicines including anti-inflammatory, cardiovascular, antibiotic, anti-diabetic and psychiatric medicines New Delhi: In a move to make medicines more affordable for patients, the National Pharmaceutical...
India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world’s biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities (ILS) and support initial issuance by way of cost subsidy/ grant on the lines of Singapore and Hong Kong. These incentives are important for creating a conducive ecosystem for ILS in the initial years, G...