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Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America, “so the challenge is how to become the top player there,” said Shinichiro Funabiki,CEO, MS&AD Insurance Group Holdings...
India stays world’s fastest growing economy at over 6 pc growth despite tariff woes :IMF
Gita Gopinath, chief economist, IMF IMF's outlook report pegs the Indian economy to grow at 6.2 per cent in 2025 and 6.3 per cent in 2026, which is over 2 percentage points above second-ranked China’s economic growth forecast at 4 per cent for 2025 and 4.6 per cent in...
NPS subscriber enrolment surges to 12 Lakh in FY25
The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 per cent during 2024-25 to Rs 14.43 lakh crore by end-March 2025, it said New Delhi: The National Pension System (NPS) has achieved significant growth with private sector...
Willis appoints Aon’s Anant Pawar as Aviation & Space Leader for India
Anant Pawar, Aviation & Space Leader, Willis,India Willis handles Indigo's re/insurance accounts. It is the largest airline in India by passengers carried and fleet size, with a 63.6 per cent domestic market share Mumbai: Willis, a business of WTW has appointed...
Gold touches Rs 1 lakh per 10 grams for 1st time
This demand has been driven by rising geopolitical tensions and ongoing global economic uncertainties. His recent comments and decisions, including imposing tariffs on Chinese goods and questioning the Fed’s policies, have added to market volatility New Delhi: Gold...
Chubb appoints Janene Blizzard as Head of Accident & Health for Asia Pacific
Based in Singapore, Blizzard will report to Marcos Gunn, Regional President, Asia Pacific, with a matrix reporting line to Daniela Hernandez, Division President for International A&H, Overseas General Insurance Singapore: Chubb announced today the appointment of...
Swiss Re appoints Bernhard Kaufmann Group CRO as Patrick Raaflaub retires
Prior to this role, Bernhard Kaufmann was Chief Risk Officer at NN Group and held various senior leadership roles at Munich Re Group, most recently as Group Chief Risk Officer Zurich: Bernhard Kaufmann has held Chief Risk Officer positions in the re/insurance industry...
Trump tariff worries spur record overseas demand for JGBs
Overseas investors scooped up some 2.18 trillion yen ($15.49 billion) of JGBs with maturities of more than 10 years in March, figures released by the Japan Securities Dealers Association showed on Monday, the largest amount since the data series started in April 2004...
Asian scam operations are spreading across the rest of the world, UN researchers warn
UNODC estimates that hundreds of industrial-scale scam centers generate just under $40 billion in annual profits BANGKOK: Transnational organized crime groups in East and Southeast Asia are spreading their lucrative scam operations across the globe in response to...
Telecom user base rises marginally to Rs 119 cr
"The number of total telephone subscribers in India increased from 1,189.92 million at the end of December 2024 to 1,192.03 million at the end of January 2025, thereby showing a monthly growth rate of 0.18 per cent," the report said New Delhi: Telecom user base in the...
EPFO adds 16.10 lakh net members in Feb
A noticeable aspect of the data is the dominance of the 18-25 age group, which accounted for 4.27 lakh new subscribers in February 2025. This segment constituted a significant 57.71 per cent of the total new subscribers added during the month New Delhi: Retirement...
TATA AIG General launches new health cover
TATA AIG General Insurance today announced the launch of MediCare Select, a next-generation health insurance solution aimed at expanding healthcare access across India. As part of this broader strategy, TATA AIG aims to expand its hospital network from 11,500 to over...
Centre committed to providing affordable and quality healthcare for poor Nadda : JP Nadda
JP Nadda,Union Health Minister Nadda stressed that simple changes in daily habits can go a long way in keeping the liver healthy. New Delhi: Providing affordable and quality healthcare to every poor person is a priority of the Central government and the two pillars of...
Phasing out petrol diesel vehicles from Mumbai roads will have cascading effect on economy:Govt to Bombay HC
On January 9, the high court, while hearing a bunch of petitions on the issue of air pollution in the city, directed the government to carry out a thorough study to decide if it would be feasible to phase out diesel and petrol vehicles from the roads of Mumbai and...
SC asks man to file suit for damages after he claims disability post Covid-19 first dose
A bench of Justices B R Gavai and Augustine George Masih made the observation while hearing the plea for a direction to lay down appropriate guidelines for an effective resolution of side effects following immunisation (AEFI) with specific reference to Covid-19...
D-Street investors’ wealth swells by Rs 32 lakh cr in five-day stock rally
Renewed foreign interest coupled with a decline in crude oil prices and the dollar as well as falling domestic inflation are fuelling a significant uptick in Indian equities, said Dhiraj Relli, managing director and CEO of HDFC Securities. New Delhi: Investors' wealth...
Snow persistence in Hindu Kush hits 23-year low south Asia’s water security at risk: Report
``To tackle this regional snow crisis and the challenges it creates for long-term food, water and energy resilience, we urgently need to embrace a paradigm shift toward science-based, forward-looking policies and foster renewed regional cooperation for transboundary...
Tata AIG Claim Fraud: Key accused held in Rs 30 crore fake car repair scam
“The Tata AIG General Insurance alleged that six garages across Delhi-NCR, in collusion with four former employees, three licensed surveyors, and some policyholders, submitted fake invoices for repairs that were never carried out, thereby defrauding the insurer of...