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Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and reviewed its progress as an International Finance Services Center Sitharaman exhorted officials to work towards making GIFT IFSC more competitive and cost effective to attract HNI investments in the...
DoT proposes changes in cyber security rules to curb frauds by misusing phone numbers
The draft cyber security rules published on June 24 proposed to create a new platform for phone number validation and also includes those entities that use phone numbers to identify customers like banks using phone numbers for UPI transactions New Delhi:The Department...
New India slapped with a GST demand of Rs 2,298 cr
New India Assurance believes that it has strong case on merit. Based on the advice of its tax consultants, the company is in the process of filing a detailed reply highlighting its contentions with the adjudicating authority within the prescribed timelines...
CTI raises concern over rising health insurance premiums, writes to FM
In a letter to Finance Minister Nirmala Sitharaman, CTI chairman Brijesh Goyal said health insurance premiums have increased by 15 to 20 per cent in the last few years, putting a strain on household budgets and forcing many people to discontinue their policies midway....
Cyberattack disruption at London hospitals contributed to patient death
“We are deeply saddened to hear that last year’s criminal cyberattack has been identified as one of the contributing factors that led to this patient’s death,” said Synnovis Chief Executive Officer Mark Dollar in a statement A cyberattack that caused disruption at...
ED registers prosecution complaint against Trinity Reinsurance Brokers in J&K money laundering charges
During the investigation, it was revealed that the J&K Finance Department deliberately awarded the tender for engagement of an intermediary (i.e. Insurance broker) for designing, floating the tender and implementation of the health insurance scheme for government...
ICRA cuts domestic PV wholesale growth forecast to 1-4 pc for FY26
The downward revision is "led by concerns regarding high inventory levels and supply shortage of critical components such as rare earth magnets, induced production constraints, especially for electric vehicles," ICRA said in a statement. New Delhi: Ratings agency ICRA...
Over 8.5 lakh mule accounts in 700 bank branches used by cyber criminals CBI
The CBI has found that these mule accounts -- established using falsified identification documents -- were primarily used as conduits for siphoning funds from unsuspecting victims. New Delhi: The CBI has detected 8.50 lakh mule bank accounts in over 700 branches...
Over 18.9 lakh cos were active in India at May-end shows official data
"Top three states that receive the highest number of new registrations duringMay 2025 were Maharashtra with 17 per cent which amounts to 3,458 corporates, Uttar Pradesh with 11 per cent coming in at 2,379 and Delhi following closely behind at 9 per cent belonging to...
Three days of sharp market rally makes investors richer by Rs 9.70 lakh cr
"FIIs continued to pare holdings due to the narrowing yield spread between US and Indian 10-year bonds; DIIs emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption," Vinod Nair, Head of Research, Geojit Investments...
India witnesses surge in millionaires, outpacing Asia Pacific; eyes 55% rise by 2029
``India's wealth management market is undergoing a seismic shift, with the number of dollar millionaires expected to grow by over 55 per cent from 2024 to 2029--far outpacing the global average of 21 per cent. A generational wave of first-time wealth creators,...
Ahmedabad Air India crash: Analysis of data from black boxes underway, says govt
"The team, constituted as per international protocol, is led by DG AAIB, and includes an aviation medicine specialist, an ATC officer, and representatives from the National Transportation Safety Board (NTSB) which is a government investigative agency from the state of...
Howden ventures into the Saudi Arabia, to drive strategic growth opportunities
David Howden CBE, CEO, Howden said: “We have already built up a strong partnership with the Kingdom thanks to our role as part of the UK government’s Great Futures delegation, our work with Saudi EXIM bank and our sponsorship of the Jockey Club of Saudi Arabia”...
Himachal flash floods: Search operation to find missing people intensified
In Kangra district, around 15-20 workers stationed at a labour colony near the Indira Priyadarshini Hydroelectric project site were feared swept away following a surge in water level in Manuni Khad in Khaniyara village. Two people died due to the flash flood at the...
Axis Max Life’s IPQ 7.0: Persistent protection gap in rural India
-Rural India’s Protection Quotient rises to 16, up from 12 in IPQ 5.0 – but urban-rural gap stands at 32 points,-Life insurance ownership remains significantly lower, despite awareness gains,-Rural women lag rural men in all protection indices – Protection Quotient at...
79% of Indians unsure if their insurance policy offers adequate coverage: Survey
Saurabh Vijayvergia, founder & CEO, CoverSure, said, “This survey shows that focusing on insurance penetration alone isn’t enough. What people need is insurance that they can understand and use effectively. If policyholders don’t know what’s covered or how to use...
LIC ranks as 4th most valuable Indian brand, ahead of Reliance Industries and SBI, says Brand Finance India report
Top 10 Indian brands post strong double-digit growth led by Tata, Infosys, LIC, HDFC Bank and Reliance Industries.LIC’s 2025 brand value stood at $ 13.6 billion up 35.1% from 2024 brand value of $ 10.07 billion, the report noted Mumbai: State owned life insurance...
French investigators order Tesla to stop ‘deceptive business practices’
Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control office said the automaker had engaged in deceptive commercial practices over the fully autonomous driving capabilities of its cars, had issued sales contracts with no date, time or...