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GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines will gradually erode prices, while rising claims costs, notably from more frequent and severe catastrophe losses and persistent social inflation, will pressure underwriting margins, in our base case,...
Tesla’s India sales fall short of expectations with around 600 orders
Electric vehicles make up only over 5 per cent of total car sales in India. Within the high-end bracket, just 2,800 EVs priced between Rs 45 lakh and Rs 70 lakh were sold in the first half of 2025. New Delhi: US auto giant Tesla's entry into the Indian market fell...
Nestle plunged into crisis as CEO fired for hiding romance with staffer
The loss of two CEOs and a chairman in a year is of historic proportions for Nestle,” said Ingo Speich, head of corporate governance and sustainability at Deka, a top-30 Nestle investor. Nestle has fired its CEO Laurent Freixe after just one year in the job after an...
Britain’s JLR hit by cyber incident that disrupts production, sales
The automaker is the latest British company to be hit by a cyber security incident in recent months amid a surge in cyber and ransomware attacks globally, as increasingly sophisticated threat actors disrupt operations and compromise sensitive data. London: Jaguar Land...
$152 Billion and Rising: Insurance industry facing growing average annual losses from natural catastrophes
The 2025 Global Modeled Catastrophe Losses Report notes a $32 billion increase in non-crop global modeled insured AAL over 2024, which reflects the upward trend in catastrophe losses experienced on a global scale. Over the past five years, insured losses have averaged...
TCS expands partnership with European insurer Tryg, signs new Euro 550 mln deal
TCS and Tryg have a 15-year partnership, and the new deal will ensure a digital transformation for the Scandinavian client, a statement said. Mumbai: India's largest IT services company TCS on Tuesday announced bagging a EUR 550 million (around Rs 5,642 crore),...
Tribunal awards Rs 33.77 lakh compensation to kin of man killed in accident
The MSRTC contested the claim, arguing that Pal was riding rashly and attempted to overtake the bus from the left, causing the accident. However, the tribunal found no supporting evidence for this version. Thane: The Motor Accident Claims Tribunal (MACT) in Thane has...
Next gen GST reforms will set economy open and transparent: Sitharaman
Union Finance Minister Nirmala Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for...
UII challenges NCDRC’s order in SC on settling Rajasthan Royals’s Rs 82 lakh due to Sreesanth’s injury
UII had rejected the claims saying Sreesanth had a pre-existing toe injury which was not disclosed by Rajasthan Royals New Delhi: State owned United India Insurance has appealed to the Supreme Court challenging an order of the National Consumer Disputes...
La Nina may return in September but temperatures to stay above normal WMO
WMO says that naturally occurring climate events such as La Nina and El Nino are taking place in the broader context of human-induced climate change, which is raising global temperatures, intensifying extreme weather and altering seasonal rainfall and temperature...
SC asks NGT to hear plea relating to noise levels at IGI airport
A bench comprising Justices BV Nagarathna and R Mahadevan passed the order while hearing an appeal challenging the NGT's decision refusing to issue further directions on noise pollution caused by the use of Runway No 29/11, which is used by over 50 per cent of flights...
Insurers should learn to innovate using powerful Digital Public Infrastructure platform: New IRDAI chairman Seth
Ajay Seth, chairman,IRDAI ``We see the Accounts Aggregator Framework promoting the use of data, analytics and technology for designing insurance products that are more affordable, accessible, and tailored to people’s needs. We encourage more insurance companies to...
Viral social media post on cashless denial of policyholder ‘baseless’: Niva Bupa
The LinkedIn post, from health insurance and investments advisor Avigyan Mitra, stated that the patient with a Rs 2.40 crore policy was allegedly denied a Rs 61 lakh cashless claim for the life-saving procedure. Stating the allegation being made against Niva Bupa...
Income growth, demographics and awareness push Indians to opt for finances over physical assets: Goldman Sachs
This growth, according to the Goldman Sachs report, will translate into cumulative inflows of around USD 9.5 trillion into financial assets over the next decade, out of which it expects a significant portion (USD 4 trillion or more) to be allocated to long-term...
AIA Singapore engages Singapore Airlines Academy to redefine customer experience excellence
Leading health insurance provider AIA Singapore today announced that it has engaged Singapore Airlines Academy, the training arm of Singapore Airlines, to develop a curated talent development program for AIA Singapore. This initiative will see AIA Singapore...
Aon appoints Bonjay Koo as Enterprise Client Leader for South Korea
Aon plc today has appointed Bonjay Koo as Enterprise Client Leader, Asia Pacific in South Korea effective September 1. In this strategic role, Koo will be responsible for the delivery of integrated Risk Capital and Human Capital solutions to Aon’s enterprise and large...