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Shipping traffic through Strait of Hormuz remains muted as US-Iran talks stall
Shipping traffic passing through the crucial waterway at the entrance to the Gulf during an uneasy ceasefire between Washington and Tehran represents a fraction of the average 140 daily passages before the Iran war began on February 28. At least seven ships – mainly...
Viksit Bharat not just about GDP but inclusive aspirations and shared prosperity: Sitharaman
Nirmala Sitharaman,Union Finance Minister Highlighting inclusivity, she said it is also about the Mogaveera fisherman on the Udupi coast having access to cold storage, digital markets and insurance, and about tribal youth in the forests of Dandakaranya having a seat...
Structural shift in Indian gold buy underway, 40 pc purchases in FY27 to be as investments: Report
"Geopolitical uncertainty, momentum in gold prices and portfolio diversification preferences are expected to continue fuelling investment demand for gold, with its share in overall gold consumption is projected at 35-40 per cent in FY27," domestic rating agency...
Affluent India shifts to experience-led spending, travel accounts for 58% of discretionary wallet: Report
Affluence is no longer restricted to metro cities, with emerging centres such as Ahmedabad, Surat, Jaipur and Lucknow showing consumption patterns similar to established urban markets like Mumbai, Delhi and Bengaluru. New Delhi: India's affluent consumers are...
All Indian Seafarers in Persian Gulf safe, vessels under monitoring: Shipping Ministry
"In the past 24 hours, there were certain incidents of firing on the foreign-flag vessels. Although none of the Indian vessels came under fire, we are worried for the Indian seafarers on these vessels," Additional Secretary, Ministry of Ports, Shipping and Waterways,...
WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SC
A bench headed by Chief Justice Surya Kant, which had taken suo motu cognisance of online frauds, including digital arrests, had issued a slew of directions including asking the Reserve Bank of India , the Department of Telecommunications , and others to jointly hold...
Global fintech sector set to triple to USD 2 trillion by 2030 amid AI push: McKinsey
Global fintech revenues stood at around USD 650 billion in 2025, accounting for roughly 4 per cent of the broader financial services market. The report projects that the sector could grow to nearly USD 2 trillion by 2030 if current growth trends continue. New Delhi:...
SBI General appoints Shrish Mahuli as CBO
SBI General Insurance has appointed Shrish Ramchandra Mahuli as its chief business officer. With 24 years of experience across the insurance and automotive sectors,Mahuli will be responsible for driving the company’s overall business strategy, expanding distribution...
Aditya Gupta joins as Secy General of LI Council
Aditya Gupta,secretary general, Life Insurance Council LI Council is a forum that connects the various stakeholders of the sector and function as an active forum to aid, advise and assist insurers in maintaining high standards of conduct and service to policyholders....
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President Trump and his team discusing Iran’s proposal to end war
The proposal sent by Iran outlines a framework to reopen the Strait of Hormuz and bring an end to the conflict, with a condition that negotiations on its nuclear programme be held at a later stage. The Strait of Hormuz remains a critical maritime route for global...
Moody’s upgrades Peak Re’s rating to A3 with Stable Outlook
We are now even better positioned to act as a strategic partner, deploying our robust capacity to co-create tailored risk solutions and support our clients’ growth ambitions across the globe,” Victor Kuk, Peak Re's new CEO Hong Kong:Peak Reinsurance Company(Peak Re),...
EIP partners with Nexacore, launches end-to-end device protection to Southeast Asia
Southeast Asia is expected to remain a high-growth market for device protection and warranty solutions, as rising usage and demand for protection products drive momentum across the wider region. As a result, the Asia-Pacific electronic gadget insurance market is...
NGT issues notice to Centre over hanging glacier danger in central Himalaya
The bench referred to the report and said four researchers from the Indian Institute of Science, Indian Institute of Technology Bhubaneswar and the Defence Research and Development Organisation, Chandigarh, which indicated violation of the provisions of the...
Iran war disrupts the circuit board supply chain, raises costs for tech firms
The disruption is a fresh blow to electronics manufacturers which are already grappling with soaring memory chip costs and highlights the broadening impact of the Iran war that has wreaked havoc on supply chains, plastics, and oil supplies. The conflict in the Middle...
Acko eyes $300-$500 million IPO, valued at $2.5 billion
Founded in 2016, Acko has focused on digitising insurance purchase and has relied on partnerships with online platforms and mobility companies to scale. MUMBAI: India's Acko Insurance is targeting a valuation of between $2 billion and $2.5 billion in its planned...
Ajay Shah succeeds Anuj Gulati as MD&CEO of Care Health insurance
Ajay Kumar Shah, head of retail Business at Care Health Insurance, has been appointed as the MD &CEO of the company for a term of five years effective from April 26, 2026. Shah, with the approval from the IRDAI, succeeds Anuj Gulati, whose term has ended on April...
Aon UK creates programme to support displaced professionals entering the workforce
People who have been displaced and have professional qualifications face unemployment rates up to three times the UK national average. The new programme, modelled on Aon’s award-winning UK Work Insights Programme, is delivered in collaboration with the Refugee...