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Los Angeles Wildfires: A Wake-up Call For Re/Insurers
Wildfire exposures can be mitigated by relatively simple and cost-effective measures that fall under the responsibility of local governments and communities and include disaster planning, forest management, maintenance of key / vulnerable infrastructure, building...
NTPC plans more nuclear plants with overseas partners
Earlier this month, the government said it would amend the liability law, which originally intended to ensure justice for victims of any nuclear disaster, potentially clearing the path for foreign suppliers to sell to India New Delhi: State-run NTPC Ltd., India’s...
Stock market crashes over 1 pc as investors jittery over US tariff moves, investors poorer by Rs 16.97 trillion in 5 days
On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16 crore. Market experts believe that the uncertainty around US trade policies and the impact of tariffs on global trade have led to weak investor sentiment. All sectoral indices on the NSE closed in...
Oil executives call for cautious return to Red Sea navigation
“Everyone is watching each other to see who goes first,” Barbara Harrison, vice president of crude supply and trading at U.S. major Chevron, said at an oil conference in Houston. Oil executives called on for a return to navigation through the Red Sea en route to the...
China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities recognize the dearth of investment options in Asia’s largest economy, and the need for alternatives amid a property downturn and an economic slump. It would translate into a potential 200 billion yuan...
Govt planning to use AI for identifying mule accounts to check cybercrime: Amit Shah
Amit Shah, Union Home Minister Union Home Minister Amit Shah said efforts are underway to use Artificial Intelligence (AI) for identifying mule accounts, in coordination with the Reserve Bank of India (RBI) and all banks to establish a system for their detection, an...
MS Amlin launches new credit and political risk offering in MENA, eyes India and Africa opportunities
“We see exciting opportunities in India, and on the African continent, which are both experiencing a significant influx of foreign investment. We believe this will create growing demand across a number of speciality lines, most notably credit and political risk.”...
Due diligence of qualified bidders for IDBI Bank underway: MoS Finance
The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank. This includes a 30.48 per cent stake of the Government of India and 30.24 per cent of LIC New Delhi: The due diligence of qualified bidders for IDBI Bank, which is up for privatisation,...
IRDAI chief to meet insurance industry CEOs for Bima Sugam and Bima Manthan on Feb 12-14
Debasish Panda,chairman,IRDAI The IRDAI, on Feb 12, is expected to do a plain speaking to the insurers who have not taken their Bima Sugam job seriously. IRDAI chairman Debasish Panda will address CEOs of non-life insurance companies on 13th Feb and life companies...
New India‘s 16% topline surge boosts industry’s prm growth 7% to Rs 29,000 cr in Jan
`After January, we are now making efforts to maintain a healthy topline growth till the end of the year. We are giving a very strong thrust towards risk selection, bringing in greater accountability and monitoring mechanisms have been strengthened....
Disaster Recovery: Rebuilding Turkiye with resilience
Shaken by a series of devastating earthquakes,Türkiye has integrated climate adaptation and disaster risk reduction into national development plans and institutional frameworks are being strengthened to enhance preparedness. Nevertheless, urgent action is needed to...
Govt looking at procedural easing to further promote FDI, says official
The department for promotion of industry and internal trade (DPIIT) has held stakeholder consultations with different government departments, regulators, industry associations, advisory and law firms, pension funds, private equity and venture capitals. New Delhi: The...
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base following the exemption limit being raised to Rs 12 lakh in the Union Budget...
Sebi mulls changes in secretarial compliance report format, auditors’ appointment norms for cos
In its consultation paper, Sebi has proposed changes to improve the format and content of the Annual Secretarial Compliance Report (ASCR), aiming for more explicit confirmation of compliance with securities law New Delhi: To strengthen corporate governance at listed...
FPIs’ exit continues; withdraw Rs 7,300 cr from equities in a week
Himanshu Srivastava, Associate Director-Manager Research, Morningstar Investment Research India, said that a key driver of the outflow was global trade tensions, as the United States imposed tariffs on countries including Canada, Mexico, and China, heightening fears...
LIC’s net profit rises 17% to Rs 11,056 crore in Q3FY25
Siddhartha Mohanty, CEO & MD, LIC The value of new business (VNB) margin of the corporation has also improved to 17.1 per cent for the nine months period ended December 31st 2024, as compared to 16.6 per cent for the same period last year. Mumbai: Life Insurance...
RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,'' said Sanjay Malhotra,...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...