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Warburg Pincus in talks with Premji Invest and SBI to sell its 10 % stake in SBI General
A transaction could value SBI General Insurance at as much as $4.5 billion, the people said. Mumbai: Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people...
SBI to deepen employees’ financial understanding; to have bi-weekly yoga sessions for all
"This strategic initiative aims to enhance the depth, quality, and consistency of financial planning provided across SBI's extensive branch and digital network. The training will cover investment planning, retirement readiness, insurance advisory, and estate planning,...
Indian insurers say RBI’s limit on duration for state debt STRIPS may dent demand
Earlier this month, the Reserve Bank of India enabled Separate Trading of Registered Interest and Principal of Securities (STRIPS) for state debt but said these securities can only be issued for bonds with a residual maturity of up to 14 years. MUMBAI: The Indian...
Insurance and vessels not available for Iran-bound cargo amid Middle East conflict, India’s basmati rice shipments to Iran stuck at ports
The shipments are primarily held up at Kandla and Mundra ports in Gujarat, with neither vessels nor insurance available for Iran-bound cargo due to the Middle East conflict, said president Satish Goyal New Delhi: Around 1,00,000 tonnes of basmati rice destined for...
Gold shows structural shift as volatility falls, rate sensitivity weakens: Llama Research
New Delhi: Volatility in gold prices has declined and its response to interest rate hikes has become increasingly asymmetric, signalling a deeper, structural shift in the metal's role in global portfolios, said Llama Research in its June edition.According to the...
Zurich Kotak General to plant over 5,000 trees in depleting Mumbai port land
Zurich Kotak General Insurance celebrated its first Foundation Day by reinforcing its commitment to its community and launching Zurich Commercial Insurance in India. The Zurich Insurance Group (Zurich) and Kotak Mahindra Bank-led entity completed one year of its...
Canara HSBC Life signs Jasprit Bumrah and Sanjana Ganesan as brand ambassadors
In a move that reinforces its purpose-driven brand narrative, Canara HSBC Life Insurance has roped in fast-bowling spearhead Jasprit Bumrah and sports presenter, Sanjana Ganesan as brand ambassadors. This partnership brings to life the brand's core philosophy of being...
Israel says Iran is hacking private security cameras
A spike in cyberattacks has accompanied the war between Israel and Iran, with a pro-Israel hacking group known as Predatory Sparrow claiming responsibility for disrupting a major Iranian bank and a breach that struck an Iranian crypto exchange. Iran’s state-run IRIB...
Rio Tinto reaches $138.75 million settlement over Mongolian mine
Lawyers for the shareholders plan to seek legal fees of up to 13% of the settlement amount, or about $18 million excluding interest, plus up to $2.6 million for expenses, court papers show Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the...
Toyota’s Japanese insurer sues South Africa over $361 million flood claim
The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
Iranian parliament approves a measure to close Strait of Hormuz
Around 20% of global oil and gas flows through Strait of Hormuz. "If they do that, it will be another terrible mistake. It's economic suicide for them if they do it. And we retain options to deal with that, but other countries should be looking at that as well. It...
DGCA puts in place special audit framework for ‘360-degree’ safety evaluation of Indian aviation ecosystem
The audit framework will cover the entire range of aviation entities, including scheduled and non-scheduled airlines, maintenance, repair and overhaul organisations (MROs), flying training schools, air navigation service providers, airport operators and ground...
US airlines at greater risk as global carriers bypass Middle East after attacks on Iran
Airlines continued to avoid large parts of the Middle East due to missile exchanges between Israel and Iran, the latest upheaval to travel in the region. U.S. strikes on Iran's nuclear sites could heighten the threat to American operators in the region, an...
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
Nearly 30 percent of global oil and a third of the world's LNG (liquefied natural gas) passes through the strait daily and its closure would immediately reduce global supplies triggering a spike in prices New Delhi: Any blocking or disruption of traffic through the...
NGT notice to CPCB, Bihar authorities over rise in lightning deaths due to felling of palm trees
According to a report, after the ban on toddy tapping due to Bihar's prohibition policy, palm trees lost their economic value and have since been widely cut down. This ecological loss appeared to have made rural areas more vulnerable to lightning strikes, with the...
Nearly half of India’s power generation capacity non-fossil: Govt
Non-fossil fuel sources now contribute 235.7 GW (49%) of total capacity, including 226.9 GW renewable and 8.8 GW nuclear. As of June 2025, India’s renewable energy includes 110.9 GW of solar and 51.3 GW of wind power installed capacity. New Delhi: Nearly half of...
Geopolitical tensions shake Indian workplaces; 63 pc firms freeze hiring: Report
The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation Geopolitical tensions, including wars...
RBI-led initiative to curb digital frauds gains momentum banks roped in to set up DPIP
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...