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3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA
“Gross domestic premium income(GDPI) growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-à-vis FY2025. Private insurers are expected to expand their...
Flouting of rules by pan masala manufacturers: NGT issues notice to Centre
A bench of NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel noted the submissions of the petitioner's counsel that in October 2021, the Central Pollution Control Board (CPCB) issued certain directions to 25 such manufacturers, including...
FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators
Going forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said New Delhi: Foreign investors pumped in more...
LIC tops PSUs chart with record Rs 19,013 cr profit in Q4
The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore...
Torrential monsoon rains kill at least 30 in Northeastern states
Rivers swollen by the lashing rain including the mighty Brahmaputra, which rises in the Himalayas and flows through India's northeast towards its delta in Bangladesh broke their banks across the region Guwahati: Flash floods and landslides after torrential monsoon...
Rising Resilience: With Rs154 cr net profit in Fy25,United India unveils strategies to push growth and profitability
``Focus is on to tapering down the loss ratios especially in Motor, Health and increase the profit element to further strengthen the balance sheet and improve the solvency. The long-term vision is to generate surplus in core operations and maintain a healthy...
Profits earned through ethical means create wealth for nation FM
"If you lift everyone out of poverty, give them employment, give them a certain standard of living and give them access to fundamental basic necessities, as a result, they are above where they were before, and they have greater access to the country's productive...
Higher Q4 helps clock 6.5 pc GDP growth in FY25 India world’s 5th largest economy
Finance Minister Nirmala Sitharaman The size of the Indian economy rose to Rs 330.68 lakh crore or about USD 3.9 trillion from USD 3.6 trillion in the previous fiscal 2024. This makes India the world's fifth-largest economy behind the US, China, Germany and Japan....
DBS drops plans to form an insurance partnership in India and Taiwan, bids fail to match value expectations
DBS was working with Goldman Sachs Group Inc as it weighed forming insurance partnerships in India and Taiwan, and some products in Singapore, in a transaction that could have been valued at a few hundred million dollars. DBS Group Holdings Ltd has shelved plans to...
Insurance SaaS platform Heph partners with Capri Global for distribution
Heph, India's largest Insurance SaaS Platform and a Girnar Finserv Entity has announced its partnership with Capri Global Capital known by the brand name Capri Loans, one of the Indian NBFCs. Capri has chosen Heph as its technology partner owing to its comprehensive...
Unhealthy Indian Workforce: Chronic illness hits by 40, 1 in 5 employees seek mental health support
If left unaddressed, rising rates of chronic illness, mental health struggles, and unresponsive benefits systems will erode productivity, retention, and long-term growth. The data reveals an urgent need for integrated, preventive, and inclusive healthcare strategies...
1 June renewals: Rate moderation continues, with nuanced shifts across towers, reports Howden Re
The 1 June 2025 renewal reflects a market transitioning from disruption to disciplined recalibration. Whilst rate moderation continued, underwriting rigour persisted, especially in structurally challenged layers LONDON: Howden Re expected a continued moderation in...
India poised to remain fastest growing major economy in FY26: RBI
The RBI flagged global financial market volatility, geopolitical tensions, trade fragmentation, supply-chain disruptions and climate-induced uncertainties as factors posing downside risks to the growth outlook and also upside risks to the inflation outlook. Mumbai:...
No eviction under Senior Citizens Act unless gift deed conditions violated: HC
The bench, however, suggested an exception where the senior citizens or the parents have executed a gift deed, or otherwise, in favour of somebody on the assurance that he would take care of him but after the gift deed, he fails to fulfil his assurance. Lucknow: The...
Iranian man pleads guilty in US to 2019 Baltimore ransomware attack
Iranian-linked hackers have also targeted U.S. critical infrastructure under the guise of ostensibly independent personas, such as the November 2023 defacement of water treatment equipment in Aliquippa, Pennsylvania, by a group called Cyber Av3ngers An Iranian...
Emerging Talent Trend: Skills to succeed in a changing insurance industry
In US insurance industry, data scientists are emerging as the fastest-growing segment,reflecting the industry’s shift toward technology and analytics-driven decision-making. The Shin Research study, released by the International Insurance Society(IIS), aims to provide...
Mud and rock bury Swiss village after glacier collapse, one person missing
"We've lost our village," Matthias Bellwald, the mayor of Blatten told a press conference after the slide. "The village is under rubble. We will rebuild." GENEVA: A huge chunk of a glacier in the Swiss Alps broke off on Wednesday, causing a deluge of ice, mud and rock...
RBI to continue with supervisory measures for early risk identification
The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, RBI...