As automakers and government officials discuss the proposals, the...
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India’s auto sector to show weak retail trend in June, flat to single digit growth: Report
While May and June 2025 volumes saw some support from pre-buying...
(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch
However, ongoing geopolitical uncertainty, including the...
Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and reviewed its progress as an International Finance Services Center Sitharaman exhorted officials to work towards making GIFT IFSC more competitive and cost effective to attract HNI investments in the...
New India slapped with a GST demand of Rs 2,298 cr
New India Assurance believes that it has strong case on merit. Based on the advice of its tax consultants, the company is in the process of filing a detailed reply highlighting its contentions with the adjudicating authority within the prescribed timelines...
CTI raises concern over rising health insurance premiums, writes to FM
In a letter to Finance Minister Nirmala Sitharaman, CTI chairman Brijesh Goyal said health insurance premiums have increased by 15 to 20 per cent in the last few years, putting a strain on household budgets and forcing many people to discontinue their policies midway....
Howden ventures into the Saudi Arabia, to drive strategic growth opportunities
David Howden CBE, CEO, Howden said: “We have already built up a strong partnership with the Kingdom thanks to our role as part of the UK government’s Great Futures delegation, our work with Saudi EXIM bank and our sponsorship of the Jockey Club of Saudi Arabia”...
79% of Indians unsure if their insurance policy offers adequate coverage: Survey
Saurabh Vijayvergia, founder & CEO, CoverSure, said, “This survey shows that focusing on insurance penetration alone isn’t enough. What people need is insurance that they can understand and use effectively. If policyholders don’t know what’s covered or how to use...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be at “critical risk” from the fallout of climate change unless owners do more to protect existing and planned assets, according to a report by Zurich Resilience Solutions, a unit of Zurich Insurance...
EV-carrying ship that caught fire in Pacific ocean has sunk
Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels, according to a report last month by insurance giant Allianz. .A ship...
Secondary perils emerging as a big opportunity, Need data and good models to deal with them, says Swiss Re
Beat Strebel,CEO, China, Swiss Re These lesser understood risks are increasingly becoming a source of insurance payouts as extreme weather events lead to billions in economic losses. Traditionally, reinsurers — which provide coverage to insurance companies — haven’t...
Authorities identify all but one of 260 victims of Air India plane crash
"We have identified 259 victims. They include 240 passengers and 19 non-passengers. DNA test result of one passenger is still awaited," said Rakesh Joshi, superintendent of Ahmedabad civil hospital AHMEDABAD: Authorities in Gujarat state said on Tuesday they had...
Iran-Israel conflict: Re/insurers face complex set of financial, operational, and strategic risks
The Iran-Israel conflict is, in many ways, a stark reminder of the insurance industry's evolving role as an absorber of geopolitical and systemic risk in an increasingly interconnected world, says Morningstar DBRS, a global credit rating agency The hostilities between...