Artificial intelligence has seen a significant increase in the...
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Sanjay Lohiya assumes charge as Secretary, Department of Financial Services
Sanjay Lohiya, Secretary, Department of Financial Services Lohiya...
Auto sales surge in May: Maruti hits record high, Hyundai, Mahindra and Toyota gain momentum
Maruti Suzuki India Limited sold a total of 242,688 units in May...
Jio Fin Services expects to begin life, general insurance biz in 2026
``We hope to start insurance manufacturing in 2026, subject to regulatory approvals, The company is working towards building the necessary teams for the insurance foray.'' Hitesh Sethia,chief executive and managing director said Mumbai:After commencing its reinsurance...
Advertisements on alcohol, tobacco, and accident insurance banned on trains and stations:Ashwini Vaishnaw
In case of any violation, an immediate corrective action will be taken, said Ashwini Vaishnaw,Union Minister for Railways New Delhi: Indian Railways has said advertisements on alcohol, tobacco and accident insurance that are objectionable in the eyes of law are...
Pilots’ association urges DGCA to suspend flights in high-risk conflict zones in West Asia, mandate insurance coverage
In a letter to DGCA, Airline Pilots' Association of India (ALPA India) said commercial airlines do not possess the requisite intelligence, surveillance capabilities, or geopolitical risk assessment infrastructure necessary to adequately evaluate threats in active...
Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers
M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a 'dip-stick survey' at the...
Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers
OIC poised to introduce forward-looking solutions like Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies, including long-term variants and Surety Bond Insurance, aligning with evolving risk landscapes and national priorities. New...
Generali brings Krishnamoorthy Rao back as MD&CEO of its indian general insurance JV
Rao, with over three decades of exeprience, will succeed Anup Rao in Generali Central Insurance.Rao is an old hand for Generali as he was heading Generali's earlier non-life joint venture with Kishore Biyani's Future group. Mumbai: Italian major Generali has appointed...
Trump extends deadline for striking Iranian energy plants to April 7
The war has massively disrupted shipping, sending crude oil prices up around 40%, seen liquefied natural gas prices spike, and prices for nitrogen-based fertilizers, critical to food production, rise around 50%. U.S. President Donald Trump said he would again extend...
US insurance program meant for Strait of Hormuz to begin soon:Scott Bessent
Scott Bessent,US Treasury Secretary Although the program was first unveiled March 3, there’s no evidence that any vessels benefiting from the initiative have passed through the strait, a chokepoint for roughly a fifth of global oil and gas flows. Treasury Secretary...
Health insurance premium hikes driven by ageing policyholders,higher coverage, enhanced features and not due to inflation, says Govt
As per Bima Bharosa portal of IRDAI, during FY 2024-25, 1,37,361 general and health insurance grievances were reported, out of which 1,27,755 (93%) were disposed of during FY 2024-25 itself. New Delhi: What is is forcing the insurers to jack up the health insurance...
India among 5 nations granted passage through Strait of Hormuz by Tehran
“We have permitted certain countries that we consider friendly to pass through (Strait of Hormuz). We allowed China, Russia, India, Iraq, and Pakistan to transit,” Iranian Foreign Minister Seyed Abbas Araghchi said, according to Iranian State TV. Tehran/New Delhi:...