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HDFC Life shares jump nearly 12 pc after December quarter earnings
``We are committed to adapting to the evolving market landscape with agility and resilience. This includes continued investment in distribution, tech and customer-centric product innovations to deliver long-term value for our stakeholders,” said Vibha Padilkar, MD...
NHS ransomware hack caused patient harm in UK, data shows
Ransomware attacks have surged by some 300% in the last decade, and health care is one of the most affected industries, according to Microsoft Corp. findings A cyberattack that paralyzed hospitals and clinics in London last year resulted in harm to dozens of patients,...
Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks
Nagaraju said that significant progress has been made in expanding social security and deepening financial inclusion in the country through various flagship schemes of the government, and further urged the public and private sector banks to dedicatedly work towards...
War anxiety grips Davos experts with Ukraine peace still elusive: WEF Survey
“Rising geopolitical tensions, a fracturing of global trust and the climate crisis are straining the global system like never before,” said Mirek Dušek, WEF’s Managing Director War is the top worry wracking the nerves of risk experts surveyed by the World Economic...
Gallagher appoints Ajit Horra as its India CEO
Ajit will lead Gallagher’s 180 strong team, which is headquartered in Mumbai with regional offices in Bengaluru, Bhubaneshwar, Chennai, Delhi, Gurugram, Guwahati, and Kolkata. The team offers a wide range of insurance and risk management services and has expertise in...
US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares Elon Musk was sued on Tuesday by the U.S. Securities and...
Allianz Risk Barometer: Cyber continues as top Indian business risk
“In addition to cyber incidents as the top risk in India, the results from the Allianz Risk Barometer indicate a stronger link between climate change, natural catastrophes, and business interruption risks. As extreme weather events become more frequent, we expect this...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
GenAI adoption projected to transform nearly 3.8 crore jobs in India by 2030
“This revolution will fundamentally reshape jobs, driving productivity and innovation. Building talent pipelines and prioritising upskilling must be at the forefront of every organisation,” said Rajiv Memani, Chairman and CEO, EY India New Delhi: The Generative AI...
India’s automobile sales surge 11.6 pc to record 2.5 crore units in 2024
Passenger vehicles (PV) grew by 4.2 per cent in 2024 as compared to the previous year, with sales of around 43 lakh units. Three-wheelers posted a growth of 6.8 per cent in 2024 as compared to the previous year, with sales of 7.3 lakh units. New Delhi: India’s...
Vision-2047: India targets 100-pc severe weather detection, zero deaths
IMD Director General Mrutyunjay Mohapatra said the Vision-2047 document will help integrate weather and climate information into all national objectives, making India a "weather-ready" and "climate-smart" nation while improving socio-economic conditions. NEW DELHI:...
Insurers eye tax benefits, incentives in Union Budget
On Budget expectations, Anup Rau, Managing Director and Chief Executive Officer of Future Generali India Insurance Company, said India's insurance sector is poised for its most significant reforms to date New Delhi: Insurers are seeking tax benefits for buyers and...
Need to develop earthquake warning systems: PM Modi
Prime Minister Narendra Modi Addressing a function to celebrate 150 years of the India Meteorological Department (IMD), Modi also launched 'Mission Mausam' for developing cutting-edge weather surveillance technologies and systems, implementing high-resolution...
LA blaze damage likely to be largest wildfire insured loss in US history
Estimating insured losses is difficult given that fires are not fully contained. Nonetheless, significantly wide estimates for insured losses range between $10 billion and $30 billion, and economic losses between $150 billion to $275 billion, says Fitch The Los...
China discusses sale of TikTok US to Musk as one possible option
Under one scenario that’s been discussed by the Chinese government, Musk’s X — the former Twitter — would take control of TikTok US and run the businesses together, the people said. With more than 170 million users in the US, TikTok could bolster X’s efforts to...
India likely to become world’s 3rd largest economy by 2030: Swiss Re
India’s insurance market projected to be the G20’s fastest-growing market over the next five years, with total premium volumes (life and non-life) up 7.3% in real terms on average each year. Growth underpinned by macroeconomic tailwinds, digitalisation progress and...
Global electric vehicle sales up 25% in record 2024
Sales in China jumped 36.5 per cent to 1.3 million vehicles in December, and totalled 11 million for the whole of 2024. Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month...
AB PM-JAY: Rs1.13 lakh cr spent, 8.19 crore hospital admissions recorded, says Nadda
JP Nadda, Union Minister of Health and Family Welfare & Chemicals and Fertilizers Odisha became the 34th state to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) New Delhi: Odisha became the 34th state to implement the Ayushman Bharat...