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FAIR 2025: GIC Re to host 29th FAIR in Mumbai, Over 700 global delegates to celebrate 60 yrs of Afro-Asian bonding
Ramaswamy Narayan, CMD, GIC Re, observed,“Hosting the 29 th FAIR Conference in October 2025 is a profound honour that reflects our commitment to global partnership'' Momen Mukhtar, Secretary General, FAIR, said : “For sixty years, the Federation of Afro-Asian Insurers...
Riots impose financial strain on Nepal re/insurers
Oriental Insurance Company, a branch of India's Oriental Insurance, has received the largest amount of claims till September 16, according to the data released by the Nepal Insurance Authority. It alone has received claims of NPR 5.14 billion across 40 cases. The bulk...
India becomes world’s 3rd largest tech startup ecosystem with $7.7 bn of funding in 2025: Report
This sector received $10.1 billion worth of funds in the corresponding period in 2024 and $8.3 billion in 2023 New Delhi: India climbed to third position globally in terms of funding for tech startups, trailing only the United States and the United Kingdom but ahead...
FSSAI launches dedicated licensing window for Ayurveda Aahara products
The initiative has been developed in close collaboration with the Ministry of Ayush, reflecting the Government of India's commitment to integrating traditional Ayurvedic wisdom with modern food safety practices. This approach is designed to benefit both industry...
Gross financial assets of Indian households rose by 14.5% in 2024: Allianz report
Over the past two decades, India’s real per capita financial assets have surged fivefold, marking one of the most impressive wealth growth trajectories among emerging markets, according to global insurer Allianz that released the 16th edition of its Global Wealth...
NIA receives IT refund of Rs 249.79 crore
New India Assurance has received an Income Tax refund of Rs.249.79 crores for assessment Year 2009-10 (including interest of Rs. 8.89 crores). The insurer has informed the stock exchanges about the refund.
New rules for authenticating payments beyond SMS OTP to kick-in from April 2026
"Based on the perceived risk associated with the transaction, additional checks beyond the minimum two-factor authentication may be resorted to. Issuers may also explore using DigiLocker as a platform for notification and confirmation for high-risk transactions," RBI...
India’s resilience stands out amid increased global uncertainties: Sitharaman
"But amidst all uncertain global situations, India's resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian economy,"Finance...
Britain considering support for Jaguar Land Rover’s suppliers
The automaker failed to finalize a cyber insurance deal brokered by Lockton ahead of the incident, and appears to be uninsured directly for the attack, three senior cyber insurance market sources told The Insurer. JLR declined to comment. The luxury carmaker, owned by...
100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance
The proposed changes to the Amended 2015 Rules make it clear that the government’s intent is not limited to encourage foreign investment in the insurance sector, but it extends to provide a more friendly regulatory environment to both the new foreign entrants, as well...
Govt considers nuclear liability fund in excess of Rs15 billion for major accidents
The planned fund would provide a clear legal mechanism to finance compensation beyond the operator’s cap. For insurance coverage against nuclear accidents, India now relies on a nuclear insurance pool, a policy tool launched in 2015 but not embedded in law. Though...
Karnataka HC rejects social media platform X Corp’s petition challenging takedown orders
"Social media needs to be regulated, and its regulation is a must, more so in cases of offences against women in particular, failing which the right to dignity, as ordained in the constitution of a citizen, gets railroaded," the court said. X Corp had moved the court...
UK police arrest man over hack that affected European airports
Ransomware gangs routinely publicise attacks and leak stolen data on dark web "leak sites" but websites that monitor those portals had not, as of Wednesday, detected any group claiming the hack. LONDON: British police said on Wednesday a man had been arrested as part...
Globally company executives face rising threats of violence: Survey
A survey of 2,352 security chiefs at large and medium-sized companies in 31 countries, conducted by US security and staffing company Allied Universal, found that businesses worldwide have faced increasing threats of violence, with the US technology sector the worst...
Mixed rainfall in India’s agri regions, floods and deficits, raise food inflation risk: Report
"The key agri states in the core productive zone of north western India are facing a mixed situation this year with a few states like Rajasthan, Punjab and Haryana grappling with flood like situations, while UP continues to be in a deficit…… there is an upward risk...
Cyber Insurance: Ransomware remains biggest driver of claims
``Asian businesses with overseas presence should also consider multinational cyber solutions, especially those with operations in Australia, US and UK which tend to experience more substantial financial losses arising from privacy litigation and data breaches,” says...
HDFC Ergo expects 3%-5% margin pressure on its retail Health products without ITC
``We have already passed on the full zero GST benefit to new retail health policyholders .The policyholders will save a lot in case of a long term health insurance policy. Though, it is early days to calculate exactly the higher cost of retail health portfolio without...
Nearly 73 pc rural households expect income growth by next year: Report
“While the consumption-led buoyancy in the rural economy continues, there is some slackening of momentum in recent months, partly reflecting the impact of severe floods and landslides in a few states, including Himachal Pradesh and Punjab,” Nabard said. New Delhi:...