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Indian auto industry posts highest annual sales across all segments in FY 2025-26, first in seven years
Electric vehicle adoption added further fuel to the rally, with electric passenger vehicle registrations jumping over 80 per cent in the year, and EV two-wheeler offtake rising sharply in March amid growing concerns over fuel prices. New Delhi: India's automobile...
West Asia conflict: India faces 2.5 million poverty risk, UN warns
On trade and supply chain disruptions, UNDP country-level analysis indicated significant impacts in 25 out of 36 countries through freight surcharges, war-risk insurance premia, route diversions, and delayed delivery of intermediate and consumer goods. The conflict...
Net profit of ICICI Pru Life rises 56% to ₹609 cr in Q4FY26
The recent '0 per cent GST reform' in September 2025 has made insurance policies more affordable and our retail protection segment registered a strong 50.9 per cent year-on-year growth in H2-FY2026, Anup Bagchi, MD &CEO, ICICI Pru Life Mumbai:The net profit of...
Freight, insurance, input costs rise amid West Asia crisis, pharma supply chain under pressure: IPA
"Yes, there has been a definite increase in the freight cost. There is an insurance cost which has gone up and there is a cost increase in the solvent. We are working very closely with the government and the primary task at the moment is to ensure that the products...
Worsening ocean heat waves ‘Supercharging’ hurricane damage, Study finds
The study defined marine heat waves as long-lasting, large areas of water in the top 10% of historical heat. They are becoming more of a danger with climate change and ever hotter oceans, study authors said. Warm water is fuel for hurricanes. Marine heat waves are...
Data centre coverage could reach $10 billion in premiums in 2026:S&P
As individual projects keep growing in size, they may eventually represent as much as $30 billion in insurable value. Today, the largest infrastructure projects typically require coverage for as much as $10 billion, according to S&P. Soaring demand for insurance...
SC agrees to hear plea to implement disability-sensitive guidelines for welfare insurance schemes
A bench of Justices Vikram Nath and Sandeep Mehta agreed to hear the plea which sought a direction to the Centre to exercise policy oversight to ensure that welfare insurance schemes for persons with disabilities are implemented in conformity with the guarantees under...
India forecasts sub-par monsoon after two years of above-average rains
"Currently weak La Nina-like conditions are transitioning to neutral conditions. But after June it's very likely that El Nino will develop," Mrutyunjay Mohapatra, director-general of the India Meteorological Department, said. NEW DELHI: India is likely to see...
AI-boosted hacks with Anthropic’s Mythos could have dire consequences for banks
Wall Street banks have started testing Mythos internally after the Trump administration this week warned executives they should take the model seriously and deploy its capabilities to detect vulnerabilities. Anthropic's Mythos, a new AI model the company and...
Oil tankers steer clear of Hormuz ahead of US blockade
Trump’s announcement effectively slowed oil tanker movements in the strait, with just two Iranian-linked tankers leaving the Gulf. In normal trading conditions, crude and products loaded from Iranian ports are typically headed for China, with India a recent buyer of...
Ping An seeks to sell $1 billion software-focused PE assets
Private market managers allocated hundreds of billions of dollars to software over the last 15 years, betting that software-as-a-service business models would generate high growth and reliable cashflows. That focus became increasingly concentrated during the period,...
Hedge Fund money is reshaping a 180-year-old reinsurance model
Reinsurers covered just over 10% of total insured catastrophe losses in 2024, well below the historical average of 20%, according to S&P Global Ratings. The industry’s biggest firms have more than halved their exposure to insured disaster losses in recent years,...
Trump’s threat to blockade the Strait of Hormuz risks widening war to High Seas
The developments threatened to prolong and widen a war that has led to thousands of deaths and roiled global energy markets, with higher oil and gas prices threatening to stoke inflation while slowing economic growth. Around the world, there’s now a desperate effort...
LIC board approves 1:1 bonus issuance,Govt plans an OFS of corporation
In a regulatory filing, the bonus issue will be done by capitalising Rs 6,325 crore out of reserves and surplus available with LIC as of December 31, 2025. The bonus issue would pave way for further share sale or offer for sale (OFS) of LIC. The government, according...
Rise of AI demands new approach to cyber underwriting:CyberCube
William Altman, Director of Cyber Threat Intelligence Services and report author, said, “AI is compressing the cyberattack lifecycle, reducing the time threat actors spend between initial compromise and operational disruption, and in some cases enabling impact to...
Govt drops any merger plans among PSU general insurers
Though, the government had not announced any specific plans for the mergers among PSU general insurers-New India Assurance, Oriental Insurance, United India Insurance, United India Insurance- in recent times, the Department of Financial Services(DFS) was...
Trump says US to start blockading the Strait of Hormuz immediately
President Donald Trump Trump made his remarks in a Truth Social post hours after U.S-.Iran peace talks ended without a deal. Trump said the meeting "went well, most points were agreed," but added the two sides had not agreed on Iran's nuclear program....
US-Iran peace talks end without a deal as delegations leave Pakistan
"The bad news is that we have not reached an agreement, and I think that's bad news for Iran much more than it's bad news for the United States of America," said Vice President JD Vance, the head of the U.S. delegation. ISLAMABAD: The U.S. and Iran failed to reach an...