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GIFT City attracts global investors at World Economic Forum 2026
The delegation conducted structured meetings with senior leaders from major financial firms, including Euroclear, Marsh McLennan, Invesco, Visa, and Nasdaq. These talks focused on the evolution of India's capital markets and the operational benefits provided by the...
Bank unions to go on nationwide strike on January 27 to press for 5-day work week
Most of the public sector banks have already informed their customers about the disruption in banking services if the strike materialises New Delhi:Bank employee unions have decided to go on a nationwide strike on January 27 to press for a long-pending demand for a...
DoT allocates 30 GHz radio frequency for v-to-v communication systems:Gadkari
Union Minister Nitin Gadkari also informed that AI-based road safety applications would be shared with states and UTs and requested members to submit detailed notes on their concerns and suggestions for further examination New Delhi: In a bid to reduce road accidents...
CERT-In handled over 29.44 lakh cyber incidents in 2025
The centre tracks networks of internet-connected devices such as computers, mobile phones, IoT devices, and home routers that are infected with malware New Delhi: The Computer Emergency Response Team (CERT-In) at the centre of India's cybersecurity architecture...
EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering with Octopus to bring real innovation to EV salary sacrifice, moving beyond traditional fleet pricing to offer insurance based on individual risk. By combining our deep insurance expertise with Octopus’s...
Sebi accuses executives at EY, PwC of insider trading, notice shows
Sebi's notice showed India executives of Carlyle, Advent, PwC, and EY shared unpublished price sensitive information, enabling others to trade on the information. It also accused a former Yes Bank board member of sharing price sensitive information enabling others to...
Govt approves wage and pension revision for PSU general insurance industry
The wage revision for the employees of PSGICs will be effective from 01.08.2022. The overall hike in wage bill shall be 12.41% with an increase of 14% on existing Basic pay and Dearness allowance. A total of 43,247 PSGIC employees will benefit from this revision. The...
AIG and CVC strike $3.5B strategic partnership
The strategic partnership includes the establishment of large-scale separately managed accounts (“SMAs”) across CVC’s credit strategies, and the launch of CVC’s private equity secondaries evergreen platform with AIG as a cornerstone investor American International...
Beazley rejects Zurich’s take over offer
“If it makes sense for our shareholders to do a transaction, then we’ll do a transaction,” Beazley Chief Executive Officer Adrian Cox said in an interview. “It just needs to be a Premier League price for a Premier League company.” London:Beazley Plc has rejected...
Air India braces for record $1.6 bn loss after deadly Ahmedabad crash
The reversal is especially stark because Air India had been edging back toward profitability before the June Dreamliner crash — which killed more than 240 people — undid years of progress. The founders had targeted operational break-even this fiscal year, but...
Banks and insurers deliberate India’s upstream reforms agenda and investment opportunities
Perspectives were also shared by financial institutions and insurers including the State Bank of India, New India Assurance and Bajaj Allianz, covering risk assessment frameworks, exposure considerations, bank guarantee structures and emerging risk-mitigation...
NITI Aayog suggests setting up of national agency to implement green transition for MSMEs
The NPMA should identify interested MSME clusters and industrial associations by floating an expression of interest (EoI) that details the cluster selection process for the implementation of identified solutions," the report said, adding that MSME clusters can form...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore enhances the likelihood of successful completion for ecological restoration projects and provides greater project confidence. By partnering with AXA, we can scale our impact and help address one of the...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of company's operations in India's GIFT City in Mumbai on Tuesday ``We will officially commence operations in GIFT City from April 2026. India is a high growth and long term market for us. We will do all...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property catastrophe covers, reinsurers remain disciplined with terms and conditions and attachment points largely intact London: International rating agency AM Best has revised its outlook for the global reinsurance...
IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC
(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI, Hasmukh Adhia,chairman, GIFT-City,K Rajaraman, chairman, International Financial Services Centres Authority(IFSCA),M Nagaraju, Secretary, Department of Financial Services and Mahipal Reddy, executive...
Trump’s Greenland threat puts Europe Inc back in tariff crosshairs
The shock move has rattled through industry and sent shockwaves through markets amid fears of a return to the volatility of last year’s trade war, which was only eased with tariff deals reached in the middle of the year. LONDON/FRANKFURT/PARIS: Just as European...