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WGC proposes physically-backed common infrastructure to scale digital gold
"The idea behind this initiative is to provide a shared infrastructure which could help gold to play a greater role in the digital economy. This will be backed by physical gold this will be accredited, inspected regularly, with processes in place to make sure that...
US-Iran peace hopes fade as Trump scraps talks
Iranian President Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif by phone that Tehran would not enter "imposed negotiations" under threats or blockade, according to a statement from the Iranian government. He said the United States should first remove...
Parrots are ‘wild animals’, rules HC; orders Maharashtra govt to compensate farmer for crop damage
The court passed the order on a petition filed by Mahadeo Dekate , a farmer from Hingi village in Wardha district, who claimed that his pomegranate trees were damaged by wild parrots from the nearby wildlife sanctuary in May 2016, and sought compensation for the same....
Finmin asks PSBs to complete wage revision process in next 12 months
Public sector banks (PSBs) and financial institutions, including insurance companies revise wages of their employees every five years. As part of the settlement, the Indian Banks' Association (IBA) is expected to engage in dialogues with the employees'...
Swiss airplane catches fire during takeoff, Delhi airport declares emergency; 4 injured say sources
Assessing the situation, the crew members immediately declared an emergency. Subsequently, passengers were evacuated via emergency slides, resulting in minor injuries to four passengers. New Delhi: A major aviation emergency unfolded late Sunday night at Terminal 3 of...
India,Middle East,and Africa see declining P&C rates in Q12026, says Marsh
Property rate declines were generally driven by stable capacity and high levels of competition.The Middle East and Africa saw rate declines ranging from 5% to 20%; India experienced decreases up to 45%, though typically lower.Casualty insurance rates decreased 7%,...
Quitting tobacco could give economic boost to over 20.5 mn households in India: Analysis
"Tobacco cessation could uplift 20.49 million households (10.6 per cent) to higher economic classes, with (a) greater impact in rural areas (11.64 per cent; 17 million) against urban regions (7.26 per cent; 3.5 million)," the authors wrote. NEW DELHI: An analysis has...
IMD issues comprehensive heatwave guidance as temperatures rise across regions
In view of the prevailing and forecasted conditions, IMD has issued comprehensive heatwave safety guidelines and advised citizens to take necessary precautions. These include avoiding prolonged exposure to direct sunlight, especially during peak afternoon hours,...
India’s first digital enumeration Census 2027 to boost data-driven policymaking
The wealth of information collected through census makes it the richest source of data for planners, administrators, research scholars and other data users including the players in the Indian financial sector services New Delhi:Census 2027 will be India’s first fully...
SBI General reports an 8.6% rise in net profit to Rs553 crore
Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our FY26 performance reflects our continued focus on growing faster than the market consistently while strengthening our core business and growing profit responsibly.'' Mumbai:SBI General Insurance on...
India’s commercial vehicle volumes to hit 12.4 lakh units in FY27 surpassing previous peak: Crisil
The industry's domestic recovery in FY26 was driven by multiple factors, including the GST rate cut from 28 per cent to 18 per cent in September 2025, which improved purchase economics and unlocked deferred demand. Easing interest rates, better freight utilisation and...
FM calls for exceptional vigilance on cybersecurity risks in financial system
Nirmala Sitharaman,Union Finance Minister "…not just Sebi but all regulated entities will have to remain exceptionally vigilant. The tools of attack are evolving at high speed, and the tools of defence must evolve even faster," Union Finance Minister Nirmala...
New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth
Ajay Seth, chairman, IRDAI ``To my mind, that was the first time an act(The Sabka Bima Sabki Raksha (amendment of Insurance laws) Act, 2025) is talking about transparency in governance of the regulator. Now, that again is an indication of what the Indian Parliament is...
Policybazar grows its NRI biz in GIFT City
Bimal Menon, principal officer, Policybazaar’s GIFT City Branch, said, “Among NRIs, GIFT City is gaining strong momentum as a preferred investment hub. This shift is driven by benefits including tax-free gains u/s 10(10D), availability of US Dollar denominated market...
Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman
Nirmala Sitharaman,Union Finance Minister There will be a lot of interaction among banks over the next few weeks to understand the threats and also look at the areas where additional investments will be required, Sitharaman said. She said all this while, the system...
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platforms. Her lawyers have previously said the claim was worth up to 2.1 billion pounds ($2.8 billion). LONDON: Microsoft must...
World facing “biggest energy security threat in history”: IEA chief Fatih Birol
Fatih Birol ,executive director,International Energy Agency The core of the current disruption remains the Strait of Hormuz, a primary maritime artery that previously facilitated the transport of 20 million barrels of oil and petroleum products daily. The passage is...
PwC pays $166 million to settle HK Evergrande audit probe
PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...