In its Financial Stability Report, the central bank has cautioned...
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Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part...
Surgeon in Shanghai remotely operates on 2 patients at Mumbai hospital
The surgeries, a radical prostatectomy and a partial nephrectomy,...
Dai-ichi Life and Capgemini sign multi-year agreement to establish a GCC in India to drive international digital transformation
Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center," said Tetsuya Kikuta,...
Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and...
FM asks NIIF to leverage its sovereign-backed design, explore diversified finance sources
Nirmala Sitharaman,Finance Minister The Governing Council appreciated NIIF's evolution as a sovereign-linked asset manager and acknowledged the efforts made over the years to build strong partnerships with marquee investors like Abu Dhabi Investment Authority, pension...
Life insurers record 11 pc rise in new premium collection in April-May
The private sector life insurance industry, led by HDFC Life (with a total premium of Rs 4966 crore), has grown by 12 per cent y-o-y to Rs 20, 411 crore during the first two months of the fiscal. State owned Life Insurance Corporation(LIC) has increased its premium by...
IMD DG Mohapatra receives UN’s Sasakawa Award-2025 for Disaster Risk Reduction
Mrutyunjay Mohapatra, director general of Meteorology, India Meteorological Department This accolade not only recognizes Mohapatra’s insightful leadership but also reaffirms India’s growing role in advancing global disaster risk management New Delhi: Mrutyunjay...
India is a strategic focus for World Business Council for Sustainable Development, says President CEO Peter Bakker
Peter Bakker. President and CEO, World Business Council for Sustainable Development WBCSD is mobilizing members in India to advance efforts in measuring and managing physical risk across value chains.These risks arise from the physical impacts of climate change and...
Digital payments are now the norm: Nirmala Sitharaman
Nirmala Sitharaman,Union Finance Minister “India is embracing a cashless revolution. With Rs 70,000 crore+ worth UPI transactions daily and 59.6 crore transactions in a single day, digital payments are now the norm,” the minister added. New Delhi: Union Finance...
India’s Covid-19 cases cross 6,000 mark, 769 new infections reported in last 48 hours
Kerala continues to be the most affected state, followed by Gujarat, West Bengal and Delhi, according to the ministry New Delhi: India's active Covid case tally crossed the 6,000 mark with 769 new infections being reported in the last 48 hours, according to the Union...
Nadda launches FSSAI’s inclusive campaign to Stop Obesity under Eat Right India programme
Eating right and ensuring awareness about it, is a collective responsibility of the government, industry, academia and individuals, Union Minister for Health and Family Welfare, Jagat Prakash Nadda Bengaluru: Emphasizing the urgent need to address the rising burden of...
FSIB to interview 4 MDs on June 11 to select a new LIC CEO, Sat Pal Bhanoo made acting LIC chief for next 3 months
Sat Pal Bhanoo, acting MD& CEO, LIC LIC MDs, who will be appearing for the FSIB interview for selecting a MD &CEO, are-Sat Pal Bhanoo, Ramachandran Doraiswamy, Dinesh Pant and Ratnakar Patnaik New Delhi & Mumbai: Even as the government has appointed Sat...