Mohammad Fathali,Iran's Ambassador to India Answering a question on...
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Top Africa insurer Sanlam flags ‘Massive’ risks from Iran war
The escalating tensions will hurt earnings of the firm with...
Iran laying mines in the Strait of Hormuz:UK Defense Secretary John Healey
John Healey,UK Defense Secretary The narrowness of the Strait of...
Warburg Pincus in talks with Premji Invest and SBI to sell its 10 % stake in SBI General
A transaction could value SBI General Insurance at as much as $4.5 billion, the people said. Mumbai: Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people...
SBI to deepen employees’ financial understanding; to have bi-weekly yoga sessions for all
"This strategic initiative aims to enhance the depth, quality, and consistency of financial planning provided across SBI's extensive branch and digital network. The training will cover investment planning, retirement readiness, insurance advisory, and estate planning,...
Insurance and vessels not available for Iran-bound cargo amid Middle East conflict, India’s basmati rice shipments to Iran stuck at ports
The shipments are primarily held up at Kandla and Mundra ports in Gujarat, with neither vessels nor insurance available for Iran-bound cargo due to the Middle East conflict, said president Satish Goyal New Delhi: Around 1,00,000 tonnes of basmati rice destined for...
Zurich Kotak General to plant over 5,000 trees in depleting Mumbai port land
Zurich Kotak General Insurance celebrated its first Foundation Day by reinforcing its commitment to its community and launching Zurich Commercial Insurance in India. The Zurich Insurance Group (Zurich) and Kotak Mahindra Bank-led entity completed one year of its...
Toyota’s Japanese insurer sues South Africa over $361 million flood claim
The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
DGCA puts in place special audit framework for ‘360-degree’ safety evaluation of Indian aviation ecosystem
The audit framework will cover the entire range of aviation entities, including scheduled and non-scheduled airlines, maintenance, repair and overhaul organisations (MROs), flying training schools, air navigation service providers, airport operators and ground...
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
Nearly 30 percent of global oil and a third of the world's LNG (liquefied natural gas) passes through the strait daily and its closure would immediately reduce global supplies triggering a spike in prices New Delhi: Any blocking or disruption of traffic through the...
UK’s car theft reaches near a 15-year high, cost insurers $867 million
While owners are compensated when their cars are taken, vehicle theft isn’t a victimless crime. The more cars are stolen, the more insurance premiums go up. In the first three months of the year, British car owners were quoted an average of almost £800 a year for...
AIC launches a new cover for aquaculture industry
(L to R) Lavanya R Mundayur, CMD, Agriculture Insurance Company, M Nagaraju, Secretary, Department of Financial Services(DFS), Parshant Kumar Goyal, Joint Secretary, DFS “With Aquaculture insurance, we are not just mitigating risks but fostering resilience in one of...
Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade
According to think tank GTRI, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India's fiscal management. New Delhi: The...