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LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO & MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...
Gulf shipping costs drop as Israel-Iran ceasefire holds
Shipping rates for supertankers, which can carry 2 million barrels of oil, jumped over the past week before the ceasefire - more than doubling to over $60,000 a day. Rates were quoted around $50,000 a day on Thursday, freight data showed. "Tanker rates … have been...
PwC’s AI chief says firm has cut prices as tech saves staff time
``Clients would hear us talking about using AI and say, We want our fair share of those efficiencies. We certainly, as appropriate, give our clients the pricing benefit of the efficiencies we’re achieving. Like it’s competitors, PwC helps clients integrate...
S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's expectation that the insurer will continue to benefit from ongoing financial and operational support from its wholly owned parent, GIC Re . GIC Re SA benefits from rating uplift due to the support of its...
National consumer commission upholds doctor’s medical negligence, awards Rs 10 lakh compensation
In an order dated June 6, the national commission said that the doctor's hospital did not obtain "informed consent" for surgery, and the baby suffered injuries on his scalp and perichondritis of the ears, evidenced by the discharge summary of the second hospital...
FPIs on course to become net buyers in India for third month
Latest data made available by National Securities Depository Limited (NSDL) showed that FPIs had bought stocks worth ₹8,915 crore in June so far. In April and May, the FPIs had accumulated stocks worth ₹4,223 crore and ₹19,860 crore, respectively. New Delhi: Foreign...
AAIB also probing sabotage angle in Air India plane crash: Minister
Minister of State for Civil Aviation Murlidhar Mohol said the Aircraft Accident Investigation Bureau was conducting a full inquiry. It is being probed from all angles, including any possible sabotage. CCTV footage is being reviewed, and several agencies are involved....
95 crore people now benefiting from social security schemes: PM Modi
“Today, around 95 crore people of the country are getting the benefit of some or the other social security scheme; whereas, till 2015, the government schemes were reaching less than 25 crore people,” Prime Minister Narendra Modi said. New Delhi: Prime Minister...
Nine labourers go missing in landslide triggered by cloudburst in Uttarkashi
In view of continuous heavy rainfall in the state and the possibility of landslides, the Chardham Yatra has been postponed for a day as a precautionary step for the safety of the pilgrims which is paramount, Garhwal Commissioner Vinay Shankar Pandey said. Devotees...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations.The general insurance arm of SBI has allotted 3,71,693 equity shares of ₹10 each during...
Monsoon havoc claims 34 lives, causes Rs 7,119 lakh loss in Himachal: State Govt
The highest damage has been reported to infrastructure under the Public Works Department, Jal Shakti Vibhag, and Power sectors,Himachal Pradesh Revenue Department stated Private property loss has been reported to be Rs 3,076.03 lakh, public property loss is reported...
Only 2% of Health insurance buyers are Gen Z: ACKO’s new data
“Over the past year, the uptake among 20–25-year-olds has remained stagnant at just ~2%, highlighting a persistent lack of urgency despite rising health conversations in the digital ecosystem. The issue isn’t just awareness; it’s a deeper gap in relevance, access, and...
‘Bloody terrified’: Flying anxiety peaks in India after fatal Air India crash
Some travellers are becoming more choosy in selecting their airline and aircraft (Boeing or Airbus) while others are so anxious they are taking more drastic steps by rescheduling or cancelling their air travel plans altogether. Retired Air Force officer Dinesh K. has...
Govt proposes to make two helmets mandatory for new 2-wheelers
From January 1, 2026, all new L2 category two-wheelers, which include motorcycles and scooters with engine capacity above 50cc or top speeds exceeding 50 km/h--will need to be fitted with Anti-lock Braking Systems (ABS) New Delhi:The government has proposed to make it...
Indian life insurance industry to launch its Rs 450 crore nationwide multimedia campaign on July 2
Swaminathan S Iyer, member, Life, IRDAI, will be in Mumbai along with other CEOs of life insurance industry to unveil the multimedia public awareness Initiative for consumer education and action that will continue for couple of years Mumbai: After the Indian general...
Vessels near Strait of Hormuz transmit unusual messages to prevent attacks
“The perception among shipowners is that due to the convoluted nature of shipping it’s hard to know or ascertain clearly a chain of ownership to nationalities which may be under higher threat in shipping, namely the UK, U.S. and Israel,” said Ami Daniel, chief...
Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Minister of State for Finance Pankaj Chaudhary at a high-level meeting in New Delhi to review performance of PSBs Sitharaman...
RBI issues directions on AePS operators onboarding to enhance security
The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator (ATO), which is the same as the one followed while acquiring a customer, as per the directions. Mumbai: The Reserve Bank on Friday issued...