Industry experts said the MobiKwik case is not an isolated one. In...
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Boeing, Honeywell sued by Air India crash victim families
The lawsuit filed on Tuesday in Delaware Superior Court blames...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits...
Farmers, fishermen getting benefits of state-of-the-art research in climate-weather forecasting, says Rijuju
India is making progress in the field of timely prediction of natural calamities like cloudbursts and earthquakes and the country will soon be able to accurately predict these and avoid large scale damage, Kiren Rijuju Union Minister of Earth Sciences Pune: Union...
Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion each year to infrastructure and buildings, equal to 14% of growth in global gross domestic product in 2022, estimated the Coalition for Disaster Resilient Infrastructure (CDRI) Climate-fuelled disasters...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...
Aon to acquire Prabodh Thakker’s Global Insurance Brokers
The combined capabilities of Global Insurance Brokers and Aon will allow us to better serve our clients across India in new geographies and industries. This acquisition will reinforce our commitment to helping our clients navigate volatility and make better decisions...
BAGIC receives Rs1010 crore GST notice on reinsurance commission and coinsurance deals
The alleged demand and the impugned show cause cum demand notice pertains to non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commissionaccepted on the reinsurance premium...
Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot's insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance...
Howden unveils a new brand
IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...
Festive demand steers passenger vehicle wholesales to record high in Sept
"This is the highest ever September of course, in any year in the Indian passenger vehicle history. It is also the highest ever in any month so far," said Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava New Delhi: Passenger...
Pension-related concerns, healthcare among top queries of senior citizens on govt helpline
About 65 per cent of senior citizens are facing financial problems due to limited income, increased financial needs in old age, dependent younger family members, etc while 63 per cent elderly are facing social problems like age and gender discrimination, social...
Electric car gutted in fire in B’luru, narrow escape for two occupants
The video of the incident went viral on social media raising concerns among the owners of electric vehicles. Police said that two friends were travelling in the car and all of a sudden, the vehicle started to develop technical snag and smoke started emanating...