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Axis Max Life MD & CEO Prashant Tripathy to step down on Sep 30
Prashant Tripathy,,MD and CEO,Axis Max Life Insurance The Board of Directors will initiate the process to identify his successor New Delhi: Axis Max Life Insurance on Wednesday said its MD and CEO Prashant Tripathy will step down with effect from September 30....
Earth’s average temperature for 2025-29 likely to exceed 1.5 deg C limit: WMO
The report also said there is a 70 per cent chance that the average temperature for the entire five-year period will be more than 1.5 degrees higher than the 1850-1900 average. There is a 70 per cent chance that the average global temperature for the 2025-2029 period...
LIC shares jump nearly 9 pc post Q4 earnings
LIC on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. New Delhi: Shares of state-owned insurer Life Insurance Corporation of India (LIC) on Wednesday surged nearly 9 per cent...
Promoting Mental Wellbeing: Investing in APAC Youths
Research shows that approximately half of all mental health conditions emerge by age 14, with 75% developing in the following decade. Among adolescents, mental health conditions now account for 15% of the global health conditions — a ratio significantly intensified by...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute $444.5 million to a fund for families of victims killed in the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019, according to the filing. Boeing also would...
Global warming could be making cancer among women more common
A study published in the journal Frontiers in Public Health, suggests that an increase in temperature is probably a risk factor for breast, ovarian, uterine, and cervical cancers. Thanks to global warming, we are now facing adverse climatic conditions across the...
Deadline to file income tax returns extended till September 15
“To facilitate a smooth and convenient filing experience for taxpayers, it has been decided that the due date for filing of ITRs, originally due on July 31, 2025, is extended to September 15, 2025,” the Central Board of Direct Taxes (CBDT) said in a statement on...
LIC net profit rises 38 % to Rs19,013 crore in Q4FY25, health insurance venture in next 2/3 months, says CEO
Siddhartha Mohanty, CEO & M D, Life Insurance Corporation On the proposed health insurance joint venture, Siddhartha Mohanty, CEO & M D, LIC, said, “ We are yet to finalise our plans to foray in to health insurance. The proposal has to be taken to the board,...
Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report
While China (+7.8% p.a.) will continue to dominate the region in absolute terms, the real growth champion over the next decade is likely to be India (+10.5% p.a.) Mumbai: With a total premium income of USD 145 billion in 2024 , the Indian insurance market has showed...
Maritime Safety: New risks and challenges for Shipping Industry
“Although recent sanctions are making it harder for these vessels to trade, the shadow fleet continues to pose a serious risk to maritime safety and the environment, as many are likely to be older vessels that are poorly maintained and inadequately insured. In case of...
SBI Life Insurance Vidyaniti buy 4.25 pc unit-holding in NHIT for Rs 1100 cr
According to the block deal data available on the NSE, SBI Life Insurance Company picked up more than 3.74 crore units or 1.93 per cent holding in NHIT New Delhi: SBI Life Insurance and Vidyaniti LLP on Monday bought a 4.25 per cent unit-holding in National Highways...
GIC Re’s net profit falls 17 % to Rs 2,183 cr, gross premium rises 20 % to Rs 10,367 cr in Q4FY25
GIC Re board, which met on Monday to finalise its results, has declared a record dividend of Rs 10 per share(or 200 per cent) with a face value of Rs 5 Mumbai: With higher underwriting losses and combined ratio , state owned GIC Re’s net profit has fallen by 17...
No cause of worry infection severity mild ICMR DG amid uptick in Covid cases
"Whenever cases increase, we look at three things. It's dependent on three factors with the first being how transmissible it is, conversely how fast the cases are increasing. Previously we saw Covid cases double in two days, but this time it is not that cases are...
Enable, Embed and Evolve: 3 essential phases of AI transformation in a customer-centric enterprise
“Insurance leaders need a clear strategy to unlock value and achieve AI driven transformation and achieve long-term success, one that involves not only integrating AI into their existing systems but also fostering a culture of innovation and adaptability. By doing so,...
Govt to address ecommerce dark pattern concerns with all stakeholders
Pralhad Joshi, Union Minister for Consumer Affairs After extensive stakeholder consultation, the department issued comprehensive guidelines on the prevention of dark patterns on November 30, 2023 recognising 13 prominent dark patterns in e-commerce including False...
6 general insurers hit with over Rs 2k crore losses as fire destroys Nashik manufacturing plant of Jindal Poly Films
The insurers, who have provided the cover for the plant are- National Insurance Company(38 per cent), Reliance General Insurance(23 per cent), Oriental Insurance Company (12 per cent), Iffco Tokio General Insurance(12 per cent), United India Insurance(10 per cent) and...
Government to unveil Bharat Forecasting System on Monday
"We will now be able to issue more localised and accurate weather forecasts," said M Ravichandran, Secretary, Ministry of Earth Sciences, New Delhi: The government will on Monday unveil a new 'Bharat Forecasting System' that will enable the weather office to provide...
Reliance General Insurance posts 12.5 rise in net profit to Rs 315 cr in FY25
Hinduja owned IIHL, which acquired Reliance Capital through the insolvency process in March this year, infused Rs 100 crore in May 2025 in the general insurance company reinforcing its financial strength and growth momentum New Delhi: Reliance General Insurance, an...