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Auto sector enters 2026 in high gear; FADA sees sustained demand post record festive sales
FADA President C.S. Vigneshwar said October 2025 marked "The 42-day festive period of 2025 stands as a defining milestone for India's auto retail, delivering the highest-ever sales and growth across categories. Overall vehicle retails surged 21% YoY, affirming the...
Delhi Airport flight operations disrupted as ATC glitch hits over 100 flights
“Due to a technical issue with the Air Traffic Control (ATC) system, flight operations at IGIA are experiencing delays. Their team is actively working with all stakeholders, including DIAL, to resolve it at the earliest. Passengers are advised to stay in touch with...
Boeing may face first civil trial over payouts to Ethiopia crash victims’ families
An eight-person jury would be tasked with deciding how much Boeing should pay to the families of Mercy Ndivo, a 28-year-old mother originally from Kenya, and 36-year-old United Nations consultant Shikha Garg, who was from India CHICAGO: More than six years after a...
FSIB advertises GIC Re CMD post for both PSU and pvt sector candidates, last date for application is Dec 01
The applicant should have minimum 45 years of age and two years of residual service [treating 60 years as the date of superannuation] as on the date of vacancy of the post i.e. October 01, 2025. New Delhi: For the first time the FSIB, the government's head hunting...
Marsh appoints Andrea Bono as CEO of India, Middle East, and Africa
Andrea Bono, CEO=designate, India, Middle East, and Africa (IMEA), Marsh McLennan Bono will report to Flavio Piccolomini, CEO, Marsh McLennan, International, and will be based in Dubai FROM Jan 2026.All the CEOs from IMEA regions including Sajay Kedia, who is heading...
Hurricane Melissa to trigger Jamaican Cat Bond, reinsurance losses
Hurricane Melissa will trigger the $150 million, International Bank for Reconstruction and Development (IBRD) Capital-at-Risk (CAR) Jamaica 2024 parametric catastrophe (cat) bond. New York: Fitch Ratings expects minimal disruption to the global (re)insurance sector...
Niva Bupa Health Insurance Q2 profit more than doubles to Rs 62 cr
Gross written premium increased to Rs 1,843 crore during the quarter under review compared to Rs 1,777 crore in the same period a year ago. New Delhi: Standalone health insurer Niva Bupa Health Insurance Company Ltd on Monday reported more than twofold jump in net...
Carmakers post record sales in Oct driven by festive demand GST rate cut
"In October, we did a retail of 2,42,096 units, which is a growth of almost 20 per cent over the last year," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told reporters in a virtual interaction. It was the highest-ever retail...
Allianz Trade extends geographical footprint to new location Vietnam
Despite potentially facing higher US tariffs than its ASEAN peers, Vietnam's strengthening position in global trade and global supply chains is expected to continue to underpin broader economic growth in the medium-term, fuelled by exports (especially in the...
Fintech body flags UPI dominance by American companies, seeks measures for fair competition
In its letter, IFF said the current structure poses "systemic concentration risks" that could stifle innovation and competition over time. It called on the government to take corrective steps to level the playing field for smaller players and sustain diversity within...
UIDAI unveils ‘Aadhaar Vision 2032’ framework to strengthen digital identity through AI, advanced encryption
"The Aadhaar Vision 2032 framework will focus on leveraging cutting-edge technologies such as Artificial Intelligence (AI), Blockchain, Quantum Computing, Advanced Encryption, and next-generation Data Security mechanisms," the ministry said New Delhi: Unique...
Generali Central Life Insurance launches Term ULIP
Generali Central Life Insurance (erstwhile Future Generali India Life Insurance) has launched a Term with Unit Linked Insurance Plan (TULIP)-Generali Central Sampoorna Samadhaan Plan. This innovative offering combines robust life protection with long-term wealth...
Reimagining Insurance:AI set to unlock next $4 billion profit opportunity in India
India’s Insurtech ecosystem is at a sizeable scale, with cumulative valuations crossing USD 15.8 billion and revenues growing reaching USD 0.9 billion in 2024 - a 10x increase since 2019. The sector has 2 unicorns, 8 players between USD 100 million to USD 1 billion...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which is getting ready and at the back-end are the insurance companies. They have made a beginning as their products and services should be coming in the market in the next few quarters.''Ajay Seth,...
India Retirement Index Study: Balancing finance, health, and emotion
Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a clear shift towards smarter and more holistic retirement planning. Today’s consumers are showing greater health consciousness, higher product awareness, and sustained financial confidence. As health...
Jamaica’s insured losses from Hurricane Melissa likely to fall on reinsurers:AM Best
In its Best’s Commentary, “Jamaica's Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses. OLDWICK,...
Starr to acquire IQUW group, set to become ninth-largest agency operating at Lloyd’s
Outside of the Lloyd’s market, Starr writes commercial non-life insurance globally, with coverage in over 170 countries across 6 continents. Following completion of the transaction, Peter Bilsby, IQUW Group’s chief executive officer, will lead Starr’s international...
World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The bond’s oversubscription “signals that the market is ready to allocate capital to these types of investments,”Melissa Cheok, associate director at Sustainable Fitch The Tokyo Metropolitan Government...