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US delegation explores India’s expanding nuclear sector
The SHANTI Act replaced the Atomic Energy Act of 1964 and the Civil...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel
The bank was also ordered to pay Rs 10,000 for mental agony and...
Bajaj Group completes acquisition of 23% stake in insurance companies from Allianz for Rs 21,390 crore
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv. The transfer of Allianz’s remaining 3% stake is expected to be completed over the nextfew months through a proposed buyback of shares by the insurance companies, subjectto applicable law and necessary...
Berkshire Hathaway raises new CEO’s salary to $25 million
Compensation for Greg Abel set by Mr. Buffett during that period, and included a $21 million salary in 2024, a $20 million salary in 2023, and a $16 million salary plus a $3 million bonus in 2022.Mr. Buffett awarded Vice Chairman Ajit Jain, who oversees Berkshire’s...
Aon’s Eric Andersen to join as AIG’s President and CEO-Elect
During his time as President of Aon from 2020 through 2025, Andersen led global programs that achieved gains in operational efficiency, improved performance for clients and the firm, increased shareholder returns and grew market value from $35 billion to $85 billion....
DIIs lend robust support to Indian markets, led by mutual fund assets in 2025
Insurance companies and domestic pension funds also saw their equity assets rising with the former witnessing a 12.6 per cent surge to Rs 26.81 lakh crore and latter posting 66 per cent jump to Rs 4.38 lakh crore. Collectively they bought more than Rs 1.4 lakh crore...
Rural markets lead passenger vehicle sales growth in 2025: FADA
The rural passenger vehicle sales grew 12 per cent during the year, compared with an 8 per cent rise in urban areas.Total passenger vehicle sales climbed to 4.47 million units in 2025, up from 4.1 million units in 2024, the data said. The data also pointed to a clear...
Automobile retail sales up 7.71 pc at 2 81 61 228 units on 2025: FADA
Passenger vehicle (PV) retail sales stood at 44,75,309 units in 2025 as against 40,79,532 units in 2024, a growth of 9.7 per cent, Federation of Automobile Dealers Associations (FADA) said in a statement New Delhi: Retail sales of vehicles across categories in India...
MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals further expansion.Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse catastrophe risks....
Global reinsurer capital reach a new high of $760 billion by September 30, 2025: AoN
Insurers were able to achieve significant decreases in pricing and improved terms at renewal.Competition was particularly fierce in the U.S. property catastrophe market, with preferred risks typically achieving strong double-digit rate reductions at 1/1.Property...
S Prakash appointed as first CEO,Health Insurance, GI Council,to spearhead sector reforms
S Prakash, CEO-designate, Health Insurance, General Insurance Council One of the immediate tasks, Prakash will undertake- taking forward the ongoing negotiations with hospitals to bring them under the common empanelment platform that will facilitate payment of uniform...
Punjab to roll out Rs 10 lakh universal healthcare cover for 65 lakh families,UII to provide Rs 1lakh health insurance
Mathew George,executive director, United Indian Insurance and Balbir Singh,Punjab Health Minister at the agreement signing event between Punjab and UII to provide Rs 1 lakh universal cover to state's population The universal healthcare cover will be provided to all 65...