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APR 1 Renewals: Indian general insurance industry rejoices with soft pricing, surplus capacity and market discipline
GIC Re and Foreign Reinsurance Branches (FRBs) and IIO reinsurers in GIFT-IFSC came in strong support of the market at Apr 1 renewals ``Yes, we did write more business than last year. Generally, we found the market to be soft with rates either below or same as...
Mediclaim policy amount can’t be deducted from medical expenses compensation: HC
The full bench was hearing an appeal filed by the New India Assurance Co Ltd against a judgment of the Motor Accident Claims Tribunal awarding monetary compensation up and above the medical expenses. The insurance company claimed medical expenses were also covered...
SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses
“Our parametric insurance model ensures that financial assistance reaches the affected communities and regions without delays, helping strengthen resilience against natural disasters. As climate variabilities increase, parametric insurance plays a vital role in...
X faces global outage including in India for couple of hours
This is the second time within a month that users have reported outages in the X network New Delhi: Billionaire Elon Musk-controlled microblogging website X on Sunday faced a global outage, including in India, for about a couple of hours, according to online companies...
Except West Bengal, all states and UTs have been onboarded for Ayushman Bharat scheme: Nadda
More than 8.9 crore hospital admissions worth Rs 1.26 lakh were authorised under AB-PMJAY since its inception till March 1, 2025, Union Health Minister J P Nadda said New Delhi: Except for West Bengal, all states and Union Territories across the nation have been...
Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider trading restrictions that prohibit buying and selling based on undisclosed internal information, the Nikkei said TOKYO: Japan's Financial Services Agency (FSA) plans to revise the Financial Instruments and...
1 killed 3 injured as Bengaluru-Kamakhya AC Express derails in Odisha
Eleven coaches of the SMVT Bengaluru-Kamakhya AC Express derailed at Nirgundi near Manguli at 11.54 am, Chief Public Relations Officer (CPRO) of the East Coast Railway Ashok Kumar Mishra said Cuttack: One person was killed and seven others injured as an express train...
Aftershocks rattle devastated city of Mandalay
The initial 7.7-magnitude quake struck near the central Myanmar city of Mandalay early Friday afternoon, followed minutes later by a 6.7-magnitude aftershock. The tremors collapsed buildings, downed bridges and buckled roads, with mass destruction seen in the city of...
82 pc PwDs lack insurance 42 pc unaware of AB-PMJAY: Survey
"Health insurance isn't a privilege for persons with disabilities, it's a necessity for survival. The Delhi High Court's ruling on insurance was a milestone, yet private insurers continue to deny coverage. There is a vacuum in awareness and accessibility," Arman Ali,...
India saw massive 3,580 pc growth in solar power capacity in 10 years: Pralhad Joshi
“This magnificent facility embodies the spirit of India and stands in the form of India's growing expertise in the global renewable energy scenario. The plant will not only cater to local needs but also position India as a major exporter of advanced solar...
Japan issues mid-level volcano warning
"Volcano warning issued for Kirishimayama (Shinmoedake) (near crater) (Volcanic alert Level 3: Do not approach the volcano). An eruption may occur. Follow local government’s instructions and stay away from dangerous areas," the disaster management agency said on X...
200 aircraft leased out from Gift City: Civil Aviation Minister Naidu
India had 340 aircraft in 2014 and that number has increased to 840 and airlines have placed orders for 1,700 planes. "We are bringing a law to ratify Capetown Convention which will reduce the leasing costs by 8-10 per cent. The reduction in leasing costs will trickle...
Ayush Ministry working to integrate Unani with modern medicine: Prataprao Jadhav
Prataprao Jadhav, Union Minister of State for Ayush Union Minister of State (I/C) for Ayush Prataprao Jadhav noted that the government has set up the Central Council of Research in Unani Medicine (CCRUM), New Delhi and National Institute of Unani Medicine (NIUM),...
Mandate 15-20 green space allocation for infra projects CII-GBC report
The study assesses critical indicators including green spaces, transportation, power supply, water management, air pollution, waste management, and flooding among others Chennai: A report prepared by the Confederation of Indian Industry's Green Business Centre...
FPIs pour Rs 31k cr in equities in 6 sessions on attractive valuations, macro
The shift from sustained selling to modest buying indicates a change in FPIs' strategy, influenced by factors such as attractive valuations after a 16 per cent correction from the September 2024 peak, the recent appreciation of the rupee, and favourable macroeconomic...
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...