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Mumbai businessman loses Rs 58 crore in ‘digital arrest’ fraud
The victim transferred Rs 58 crore through RTGS in multiple bank accounts within a span of about two months.He later realised that he had been cheated and approached the cyber police with a complaint, the official said Mumbai: A 72-year-old businessman in Mumbai has...
Soteria Surveyors & Loss Adjusters enters associate agreement with Charles Taylor Marine Technical Services in Qatar and India
The associateship will ensure a rapid, consistent and expert response to claims and surveys in Qatar and India. Charles Taylor Marine Technical Services and Soteria will coordinate closely to mobilise teams for casualty investigations, hull and machinery surveys,...
Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects in emerging markets and developing economies (EMDEs). It will target a diversified portfolio of resilient infrastructure, including clean water and water management, waste...
Ritu Arora appointed as Allianz Group’s Country Head of India
Ritu Arora, Country Head of India, Allianz In July 2025, Allianz announced that it had entered into a binding agreement with Jio Financial Services Limited (JFSL) to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth reinsurance...
Munich Re and New India provide first ever large parametric Pandemic Resilience cover to Mumbai’s biggest mall Phoenix Mills
``Munich Re is supporting these solutions with reinsurance capacity, however due to nature of pandemic risks no insurance balance sheet, not even one as strong as Munich Re’s, can absorb the potential losses alone. To make the consequences of a pandemic/epidemic...
Universal Sompo General Insurance ties up with AP Grameena Bank
Universal Sompo General Insurance Company has entered into a strategic partnership with Andhra Pradesh Grameena Bank (APGB) to offer customized products for rural and agrarian communities, addressing key risks such as crop loss, property damage, and health emergencies...
Ageas Federal Life and CSB Bank forge partnership
Ageas Federal Life Insurance, has announced a strategic SME bancassurance partnership with CSB Bank, to expand the reach of life insurance solutions among Small and Medium Enterprises (SMEs) and Individual entrepreneurs, on a pan India basis.Pralay Mondal, M.D. &...
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AIC’s women leaders recognised at Indian PSU Nari Shakti Samman Awards 2025
L to R- Bhaskar Chatterjee (Retd. IAS), Lavanya R. Mandayur, CMD, Agriculture Insurance Company and Ritu Khanduri Bhusan, the first woman Speaker of the Uttarakhand Legislative Assembly, at the Indian PSU Nari Shakti Samman Awards 2025 ceremony on Wednesday in New...
Algorithmic decision-making may pose non-traditional risks to financial system RBI DG
Swaminathan J ,Deputy Governor, RBI The senior Reserve Bank official said that digital innovation is extending inclusion beyond payments. Micro-insurance and pension products are increasingly being delivered through digital platforms, helping low-income households...
Gold ETFs record 6-fold jump in Sep inflows amid geopolitical tensions, price rise: Report
Net assets under management for Gold ETFs surged to Rs 90,135.98 crore in September, nearly doubling from Rs 39,823.50 crore a year earlier, marking a 126.34 per cent increase. On a month-on-month basis, net AUM increased by 24.33 per cent from Rs 72,495.60 crore in...
Digital payment adaptability in India reaches 87%: FM Sitharaman
India is recognised as a world leader in digital payments, accounting for nearly half of all real-time digital transactions globally. The Unified Payments Interface (UPI) is the cornerstone of India's digital payment ecosystem. It processed over 18,580 crore...
HDFC Life Q2 net profit inches up 3 pc to Rs 447 cr
"The recent GST revisions are a constructive structural shift aimed at simplifying compliance and improving affordability. We have ensured that the full benefits of the GST exemption are passed on to our customers," Vibha Padalkar,managing director and chief...
Auto sales see strong uptick during Navratri, festive cheer to continue in Diwali, PV dispatches up 4 pc in Sept at 3 72 458 units
"The Indian automobile industry enters the second half of 2025-2026 with renewed cheer, supported by strong festive season momentum, stable macroeconomic conditions, and GST 2.0 reforms that have improved overall affordability and consumer sentiment," the industry...
DPIIT launches PM GatiShakti Offshore for integrated planning
The portal would have detailed data sets on offshore wind, solar, tidal, wave, and ocean thermal energy potential; oil and gas fields and pipelines; bathymetry and sedimentary basins; coastal regulation zones; coral reefs, mangroves, and marine mammal areas; ports,...
ICICI Lombard General Insurance net profit rises 18% to Rs 820cr, approves an interim dividend of Rs 6.5 per share
Combined ratio in Q2 FY2026 was 105.1 per cent as compared to 104.5 per cent in Q2 FY25. Company's underwriting losses have dipped to Rs178 crore in the second quarter of the current fiscal from Rs160 crore in Q2FY26. The insurer, at 31.9 per cent, has breached...
Infosys chosen by UK’s NHSBSA to deliver a new workforce management solution
Powered by advanced technologies, the new solution will deliver a modern, flexible, and integrated platform that supports the entire employee lifecycle - from recruitment and onboarding to payroll, career development, and retirement. With intuitive, AI-driven tools,...