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Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition
The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan Mumbai: Lenders of debt-ridden Reliance Capital have...
Myanmar quake death toll passes 1,600, as junta lets in foreign rescuers
Friday's 7.7 magnitude quake, among the biggest to jolt the Southeast Asian nation in the last century, crippled airports, bridges and highways amid a civil war that has wrecked the economy and displaced millions In neighbouring Thailand, where the quake rattled...
South Africa most dangerous country to drive India ranks 49th among 53 surveyed
India, at 49th place, was listed among the bottom five with the US ranking 51, making it the third most dangerous country to drive, according to Zutobi.com, the international driver's education company with courses in multiple countries Johannesburg: South Africa has...
Around 1 000 patients with rare diseases registered with Centres of Excellence, RS told
Under the policy, 63 disorders -- including lysosomal storage disorders such as the Gaucher's, Pompe and Fabry diseases -- are categorised as rare diseases, he stated.Financial assistance of up to Rs 50 lakh per patient is provided through 13 Centres of Excellence...
LIC offices to be open on Sat, Sun and Monday
LIC on Friday said its branches will be open during the weekend and even on Monday, which is a holiday on account of Eid in many parts of the country, to facilitate policyholders to deposit their premium. The offices of LIC under jurisdiction of zones and divisions...
Insurance industry not expecting any large claims out of earthquake damages in Myanmar and Thailand
This is a significant human tragedy. Unfortunately, there will be a notable protection gap highlighting the continuing need to bring more insurance capital into emerging markets. In comparison to primary perils such as typhoons and floods, earthquake risk in Thailand...
With India becoming the fastest growing economy in the world, what are growth prospects for the Indian insurance market going forward ? Well, to the extent there is correlation between GDP growth and the insurance sector growth, the faster growth in GDP will certainly...
MS&AD Insurance Group announces merger of two of its non-life insurance subsidiaries
The group aims to establish a system to offer the best products and services to customers by investing accumulated capital into growth areas such as international business, domestic life insurance business, and digital/risk-related services Japanese major MS&AD...
Over 4.6 crore farmers got IDs under digital agri mission :Chouhan in RS
Union Agriculture Minister Shivraj Singh Chouhan As many as 7,708 lakh farmers have so far received insurance cover under the PM Fasal Bima Yojna and farmers have received claims of Rs 1.74 lakh crore since 2016 under the scheme which has now emerged as the world's...
Sebi gives more time to regulated entities for implementing cybersecurity framework
The framework is designed to ensure that Sebi-regulated entities (REs) maintain a robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively New Delhi: Markets...
ICICI Pru Life Insurance gets demand notice of Rs 328.4 cr from I-T Dept
The demand notice served on various counts, including shareholders' income taxed as income from other sources and certain marketing and advertising expense considered as inadmissible expenses and hence disallowed, ICICI Prudential Life Insurance said Mumbai: ICICI...
More than 60pc wheat area sown under climate resilient varieties Govt in Rajya Sabha
"…Out of total wheat area planted in the country during 2024-25, more than 60 per cent of wheat area is under climate resilient varieties. These climate-resilient varieties show less reduction in yield under stress environments," he added. New Delhi: The government on...
Sensex, Nifty end FY25 with over 5% gain amid volatile trade
“Recent sessions mark a rebound from earlier declines, fuelled by renewed buying from the FIIs, who have injected over 30,000 crore in the last few trading days, shifting to net buyers,” said Krishna Appala of Capitalmind Research Mumbai: Indian stock markets ended...
Govt implements comprehensive technical legal measures to deal with cyberattacks: Vaishnaw
"The government is cognizant of the increasing frequency and sophistication of cyberattacks in the country. The government has taken several legal, technical, and administrative policy measures for addressing cyber security challenges in the country," Electronics and...
Parliament approves Finance Bill 2025, completes Budget FY26 exercise
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Finance Minister Nirmala Sitharaman said New Delhi: The Rajya Sabha on Thursday...
Powerful earthquake rocks Myanmar and Thailand and kills more than 150 people
Rescuers work at the site of a collapsed building after the tremors of a strong earthquake that struck central Myanmar on Friday affected Bangkok, Thailand, (REUTERS) Myanmar’s government said blood was in high demand in the hardest-hit areas. Images of buckled and...
IRDAI rejects appeal of general insurers and CBRs to review its collateral based cross border reinsurance norms
Indian general insurers, which will be generating a premium of over three lakh crore rupees in Fy 25, in their detailed representation to the IRDAI, explained that the proposed regulations are reducing choice for the insurers, reducing reinsurance capacity for the...
ING first globally important bank to meet climate watchdog
“As the first global systemically important bank with a validated science-based target, ING is showing how large financial institutions can support climate stabilization in the real economy,” Nate Aden, head of Financial Standards at the Science-Based Targets...