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US and Iran presidents sign ceasefire agreement, but Trump says he could still resume attacks
The memorandum includes an immediate end to the war on all fronts,...
NSE files for Rs 30,000-cr IPO; set to become India’s biggest-ever public issue
Life Insurance Corporation of India (LIC), the single largest...
Govt considering legislative amendments to push private investments in nuclear space: Shripad Naik
Shripad Naik, Minister of State (MoS), Power The Civil Liability for Nuclear Damage Act provides prompt compensation to the victims for damage caused by a nuclear incident through a no-fault liability regime New Delhi: The government is considering amendments to the...
Lloyd’s to venture into GIFT-IFSC, to apply for a license from IFSCA soon
This will be Lloyd’s second entry into Indian reinsurance market as it is already present as one of the foreign reinsurance branches(FRBs) in the country. Currently, it has two syndicates,Markel and Volante, in its India operations London/GIFT City: In a...
Insurance, 8 other economic bills to be taken up in Winter Session
As per the list of Bills circulated with the members of Parliament for the upcoming session, the government proposes to introduce The Insurance Laws (Amendment) Bill, 2025, to raise the FDI limit in the insurance sector to 100 per cent, from 74 per cent, as part of...
3rd edition “IFSCA-IRDAI GIFT-City Global Reinsurance Summit on Jan 19, 2026 in Mumbai
The 3rd edition “IFSCA-IRDAI GIFT-City Global Reinsurance Summit” (GRS) under aegis of the Ministry of Finance, Government of India to be held on Jan 19, 2026 at Hotel JW Marriott, Juhu, Mumbai, India.The event bring all stakeholders onto a common platform to discuss...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and insurance companies on one financial street as a historic first for any state capital in India Amaravati:Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu on...
Universal Coverage:Rebuilding India’s Health Insurance Architecture
Health insurance sector itself is facing headwinds with 12-15% medical inflation, opaque pricing structure, and strained insurer–hospital relations. Insurers are under stress with combined ratios above 110% and low single-digit RoEs. Cutting GST on health insurance to...
AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to Neal, who had been set to join the company as president in December, after learning that the executive was being investigated at his former employer, Lloyd’s of London, the Wall Street Journal...
Why accident insurance cover only for those purchasing tickets online, SC asks railways
A bench of Justices Ahsanuddin Amanullah and K Vinod Chandran was told that the insurance cover is provided only to passengers purchasing tickets online to cover accidents New Delhi: The Supreme Court has asked the Indian Railways to apprise it why an accident...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM) projects shall be conducted together, whereas ratings for Build-Operate-Transfer (BOT) projects shall be conducted separately New Delhi: In a...
Obesity, related chronic diseases costing Indian economy $28.9 billion annually: Report
The report also called for four key actions to tackle the menace. These include strengthening food environment regulation to reduce the consumption of high-fat, sugar, and salt products New Delhi: Obesity and related chronic diseases account for a growing share of...