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India approves 3 more Russian insurers to provide marine cover
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
Indian stock markets ends lower on Tuesday as investors book profits
The foreign institutional investors have sold Rs 477 crore worst of Indian shares while domestic players have bought shares amounting to Rs 4,777 crore on Tuesday. “Geopolitical tensions remained in focus as market participants monitored the fragile ceasefire between...
Need to further strengthen financial inclusion initiatives: FM Sitharaman
Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
India records 5.4 mn displacements due to disasters in 2024, highest in 12 years: Report
According to the report, Assam saw 2.5 million internal displacements in 2024 due to the most intense floods in more than a decade that struck the state. Storms, including major cyclones, triggered 1.6 million displacements in the country. More than a million...
UnitedHealth CEO steps down; suspends 2025 outlook on higher medical costs
Andrew Witty, CEO ,UnitedHealth UnitedHealthcare is the US' largest provider of Medicare Advantage plans, with more than 8 million customers. Those are privately run versions of the federal government coverage programme mostly for people ages 65 and older....
Exploring key trends in Indian used car valuation
The Indian used car sector demonstrates constant evolution under the influence of three key factors: economic conditions, fuel costs, and consumer taste patterns. Valuing a used car in India requires more than a single universal procedure. Different market...
States asked to send proposals for nuclear power plants wherever feasible: Power Minister Khattar
Manohar Lal Khattar, Union Minister for Power “We are of opinion that wherever there is a possibility of setting up a nuclear power plant, it should be considered,” Union Minister for Power Manohar Lal Khattar said, adding “in future, if Goa puts up a proposal for a...
Pakistan-allied hackers launched 15 lakh cyber attacks on Indian websites; only 150 successful
In a report titled "Road of Sindoor", prepared under the military operation launched by the Indian armed forces under the same name against terrorists, the state's nodal cyber agency has detailed the cyber warfare launched by Pakistan-allied hacking groups. According...
Implement cashless scheme for road accident victims in true letter and spirit: SC to Centre
A bench of Justices Abhay S Oka and Ujjal Bhuyan directed the Centre to file an affidavit by end of August 2025 setting out the implementation of the scheme giving details such as the number of beneficiaries who received cashless treatment under the scheme New...
PM Modi warns Pakistan of more strikes if there is a ‘terrorist attack’
Narendra Modi, Prime Minister Modi's first public comments since Indian armed forces launched strikes on what New Delhi said were "terrorist camps" across the border last week indicated a hardening of India's position on ties with its neighbour, which were icy even...
Stock markets log biggest single-day rise after suspension of India-Pak hostilities, zooms almost 3000 pts
"Confluence of positive geopolitical and economic developments – the ceasefire between India and Pakistan, coupled with a breakthrough trade agreement between the US and China – sparked the strongest daily market rally in recent times," Vinod Nair, Head of Research,...
Shriram General Insurance Q4 profit up 8% to Rs 130 cr
Looking ahead, Shriram General Insurance Company MD and CEO Anil Aggarwal said, "We are focused on diversifying our portfolio, expanding our digital capabilities, and enhancing our presence in underserved markets. We believe our strategic initiatives are designed to...
EU changes to sustainability law risk company lawsuits, legal scholars say
The EU’s plan to simplify the Corporate Sustainability Due Diligence Directive (CSDDD), which was proposed as part of an omnibus bill put forward by the European Commission in February, “is really risky,” said Thom Wetzer, founding director of the Oxford Sustainable...
AAI says 32 airports to resume operations as tensions ease on India-Pakistan border
In a statement on Monday, state-owned AAI said the 32 airports that were closed for civilian aircraft operations till 0529 hours of May 15 are now available for operations with immediate effect. "It is recommended for travellers to check flight status directly with...
Monsoon to hit Kerala coast ahead of normal onset date, positive for country’s economy
In its pre-monsoon forecast in 2024, IMD predicted rainfall across the country to be above normal, at 106 per cent of the long-period average New Delhi: The Southwest Monsoon is likely to set over Kerala ahead of its normal onset date in 2025. The India Meteorological...
Re/insurers keep a close watch on elevated Indian risks
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...
Google to pay Texas $1.4 billion in data privacy settlement
The agreement settles several claims Texas made against the search giant in 2022 related to geolocation, incognito searches and biometric data. The state argued Google was "unlawfully tracking and collecting users' private data." Google will pay $1.4 billion to Texas...
Delhi Airport sees around 100 flight cancellations on Sunday
On Saturday, India and Pakistan reached an understanding to stop all firings and military actions on land, air, and sea with immediate effect. As many as 52 domestic departures and 44 arrivals, and one international departure were cancelled. These cancellations...