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State can’t differentiate between serving employees and pensioners on DA: SC
In a significant judgment upholding the right to equality for retirees, a bench comprising Justice Manoj Misra and Justice Prasanna B Varale dismissed appeals filed by the State of Kerala and the Kerala State Road Transport Corporation (KSRTC) and affirmed that...
Rajive Kumaraswami to succeed V. Suryanarayanan as MD & CEO of Chola MS
Kumaraswami brings over three decades of experience across insurance and banking and has been closely associated with the insurance sector since its liberalisation,where he led the organisation through a sustained phase of growth. Chennai: Rajive Kumaraswami will...
Strait of Hormuz remains largely blocked as stranded shipowners seek safe transit
Ships that transport energy make up a large part of the fleet that’s stuck inside the gulf, data from intelligence firm Kpler show. There are currently 426 tankers hauling crude oil and clean fuels, plus 34 liquefied petroleum gas carriers and 19 liquefied natural gas...
Shipowners rushing for insurance cover to transit Strait of Hormuz
The Strait of Hormuz remained largely blocked as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight Shipowners are placing “huge volume requests” for insurance...
Govt,GIC Re and New India stitch up $100 million`Bharat Marine Pool’ with a sovereign guarantee, to re/insure war risks for vessels
The Bharat Marine Pool will be managed by GIC Re which along with New India Assurance will be contributing the maximum capacity to the pool New Delhi:Looking beyond the ongoing West Asia crisis, which has severely paralysed global maritime trade and as a permanent...
Financial Intelligence Unit-India, Indian Cyber Crime Coordination Centre sign MoU to combat cyber fraud and financial crimes
The collaboration comes at a juncture where India's digital payment ecosystem has undergone a tremendous transformation requiring guardrails that safeguard citizens from cybercrime and fraud New Delhi: In a step towards strengthening India's fight against cyber fraud...
Kasturi Sengupta takes over as new Secy General of GI Council
Kasturi Sengupta, Secretary General, General Insurance Council Sengupata had started her career at PSU general insurer National Insurance Company in 1989 and has managed multidimensional responsibilities over the years Mumbai:Kasturi Sengupta, 60, has assumed charge,...
Indian general insurance industry grows almost 10% to Rs 3.36 trillion in FY 26, Health Insurers record faster growth
One of the noteworthy features of the industry, in FY26, is the growth story of seven Standalone Health Insurers(SAHI), which have, led by Start Health Insurance,grown their total premium by 19.40 per cent to Rs 45,865 crore and have expanded their market shares to...
US, Iran agree to ceasefire with reopening of Strait of Hormuz
President Donald Trump The eleventh-hour deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, Trump said. The waterway typically handles about one-fifth of global oil shipments. WASHINGTON/DUBAI/CAIRO:The United States...
Global Assignments:Blending family wellbeing,cultural adaptation and social integration
"When we think about mobility strategies, the focus should not only be on business outcomes but on how well we prepare people, and their loved ones, for change." says Ellen Hughes, Chief People Officer, AXA Health Business. New research from AXA Global Healthcare...
RBI holds rates,lowers GDP growth for FY 27 to 6.9%; hikes Inflation outlook to 4.6% due to West Asia crisis, spike in crude prices
“Higher input costs associated with an increase in energy prices and international freight and insurance costs, along with supply-chain disruptions that would constrain availability of key inputs for downstream sectors, would impair growth,” RBI Governor Sanjay...
India is expected to receive below-normal monsoon rainfall in 2026
India is expected to receive below-normal monsoon rainfall in 2026, private weather forecaster Skymet said on Tuesday, as the El Nino weather pattern is set to reduce precipitation in the second half of the June–September rainy season.Monsoon rainfall is...
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. Attacks that have severely damaged refineries, ports and oil storage in the Gulf region...
West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf
Maritime war risk insurance premiums have surged as much as 1,000% in some cases, as the Middle East conflict heightens risks to shipping through the region. The spike in premiums has sharply raised costs for shipowners, traders and energy firms moving cargo through...
Google plans to introduce new mental health support features for its Gemini chatbot
The rapid explosion of tools like Gemini and ChatGPT have led to some users forming obsessive relationships with AI bots, allegedly contributing to delusions and, in extreme cases, murder-suicides. Several families have sued leading AI developers over the issue....
IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health
Star Health has received approval from Insurance Regulatory and Development Authority of India (IRDAI) on Tuesday for the proposed transmission of 8,28,82,958 equity shares held by Late Rakesh Jhunjhunwala, the largest shareholder of the company, and the said...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health insurance in India including coverage, penetration, claims experience, product design, grievance redressal and consumer experience. It will recommend regulatory,policy, and operational measures to...
Voluntary retirement a distinct employee right, not mere exit: SC
``It is quite clear, if an employee on or after 1st day of November 1993 completes 20 years of qualifying service, and furnishes a notice of not less than three months to the appointing authority, he may retire voluntarily," the bench noted New Delhi:The Supreme Court...