"With the rapid increase in the use and acceptance of social media,...
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Cut costs, fix mis-selling to make insurance products affordable: IRDAI member to insurers
"The high cost of acquisition and high expenses of management (EoM)...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million...
Autonomous Services:Uber Technologies and Lyft Inc. each teaming up with Baidu Inc. to trial driverless taxis in UK
Global robotaxi rollouts are accelerating, with Chinese companies such as Baidu and Weride Inc., and Alphabet Inc.’s Waymo leading the charge. Uber and Weride have launched driverless operations in Abu Dhabi, with plans to expand in the Middle East. Baidu is...
Indian Healthcare-2025:Robust growth in AB-PMJAY and digital delivery, AI next frontier
The health ministry's initiative, launch in October last year, to expand the scope of the scheme by providing free treatment benefits of up to Rs 5 lakh per year to all senior citizens aged 70 years and above, irrespective of their socio-economic status, through...
Civil aviation ministry’s 24×7 control room seeks to address passengers’ issues promptly
The complaints vary from flight cancellations to lost baggage to even meal not being served onboard. New Delhi: To address air travellers' grievances more promptly, the civil aviation ministry has set up the Passenger Assistance Control Room (PACR) that functions...
Foreign investors exit Indian stocks at record scale; withdraw Rs 1.6 lakh cr in 2025
This makes 2025 the worst year for equity flows, surpassing the previous record outflow of Rs 1.21 lakh crore in 2022 and coming after a marginal net inflow of just Rs 427 crore in 2024. In contrast, 2023 had seen a robust Rs 1.71 lakh crore equity investment. New...
Reliance General Insurance fined Rs 1 cr by IRDAI
The IRDA order clafrified that the submission of the insurer failed to adequately demonstrate and provide evidences regarding the authenticity and legitimacy of the payments made to the Glitterbug Technologies, an individual agent, Suvidhaa Infoserve and Aditya Birla...
Tata Steel’s Netherlands units sued by Dutch NGO seeking $1.6 bn for alleged health damage
The case adds to mounting scrutiny on Tata Steel’s European operations for their environmental impacts. Dutch regulators escalated pressure on the company in 2024, threatening fines of nearly €27 million and warning they would shutter a coke plant in the port city of...
PSB consolidation to gain momentum in 2026 as govt eyes big world-class banks
As far as the insurance sector is concerned, the year saw the passage of the landmark Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, from Parliament, paving the way for 100 per cent FDI in the sector. New Delhi: Consolidation in public sector banks...
Indian Insurance sector-2026: Leaders remain bullish on industry’s growth
``Looking ahead to 2026, climate risk in India is emerging as a significant financial and public health challenge. We are seeing growing demand for coverage beyond traditional health and motor insurance, including cyber risk, Fire Insurance and emerging business...
Delhi Police bust Tata AIG’s Rs 30 cr motor accident claim fraud, arrest a garage owner and insurer’s 2 employees
The case involves serious charges of insurance fraud, forgery, conspiracy, and money laundering under various legal provisions. Two Tata AIG employees have already been arrested, according to a statement issued by Amrutha Guguloth, additional police commissioner,...
FSSAI warns food businesses against labeling herbal infusions as ‘tea’
The regulator has directed all FBOs, including those engaged in e-commerce, manufacturing, packing, marketing, import or sale of such products, to comply with food safety regulations. New Delhi: The Food Safety and Standards Authority of India (FSSAI) has issued a...