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West Asia conflict: Govt announces credit line guarantee scheme for airlines, MSMEs
Ashwini Vaishnaw,Information and Broadcasting Minister "Additionally, this is expected to help businesses maintain their operations, protect jobs, and sustain supply chains. The proposed credit guarantee scheme is a major step to help businesses, particularly MSMEs...
Oil trader’s lawsuit exposes fragility in global freight pricing system”
The case is the latest example of how oil traders and shippers are struggling to adjust to the disruption wrought by the near-closure of the Strait of Hormuz, with executives and lawyers already predicting a slew of legal disputes. A legal claim from one of the...
Fragile truce tested as U.S. and Iran exchange fire in Strait of Hormuz”
The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump sent the navy to escort stranded tankers through the strait in a campaign he called “Project Freedom.” WASHINGTON/CAIRO:A fragile...
QatarEnergy extends force majeure on Edison LNG supply to early July
Based on the information received so far, Edison now expects a reduction in future deliveries from QatarEnergy of around one third of the annual contracted volumes, before taking into account any potential mitigation actions, the utility said. MILAN: QatarEnergy has...
Data standardisation key prerequisite for insures to effectively leverage AI:Accord study
While AI is accelerating the industry's ambitions, digital maturity is what determines whether those ambitions translate into durable advantage Study shows a widening gap between digital leaders and laggards because of how effectively they convert digital...
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re, where Shamieh has served as chairman since 2018. Before that, he held leadership positions at AIG Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance...
EV adoption gains momentum in April amid West Asia uncertainty, sector outlook cautious for May: FADA
The data showed that the transition towards EVs continued to deepen across categories. In the three-wheeler segment, EV penetration rose significantly, with EV share reaching 60.38 per cent. In passenger vehicles, EV share improved to 5.77 per cent, while in the...
Geopolitical and legal volatility accelerates for insurance buyers:Aon says
“Conflicts, supply‑chain disruption and sanctions exposure are testing policy language, capacity and claims assumptions simultaneously. Organizations that stress‑test their programs now will have far more options than those forced to react later, Joe Peiser, CEO of...
Legal heirs of doctor can be sued in alleged medical negligence case after doctor’s death: SC
“Nonetheless, in view of the preceding discussion and the statutory framework provided in the 1986 Consumer Protection Act as well as the 2019 Consumer Protection Act, we conclude that upon the death of the alleged medically negligent doctor, his/her legal heirs can...
Lockton appoints new CEOs for India and Malaysia
Jaideep Sharma has been appointed as new CEO for Indian market while Nicholas Lee as new CEOs of its Malaysian operations. Mumbai:Lockton, a global re/insurance broker, has appointed Jaideep Sharma and Nicholas Lee as new CEOs of its Indian and Malaysian operations....
DFS secretary reviews vision strategy of LIC and GIC Re
M.Nagaraju, Secretary, DFS Nagaraju underscored the need to expand insurance coverage to a wider segment of the population,advising that companies should prioritise inclusion of more individuals under the ambit of insurance rather than concentrating predominantly on...
Domestic demand lifts commercial vehicle sales in April, export pressures persist
Ashok Leyland reported total vehicle sales of 14,646 units in April 2026, marking a 9 per cent rise over 13,421 units in the same month last year. Domestic sales stood at 14,242 units, up 14 per cent from 12,509 units. New Delhi: India's commercial vehicle segment...
RBI and IRDAI not inclined to allow commodity derivatives, Sebi says
Tuhin Kanta Pandey,Chairman,SEBI In his statement on Monday, SEBI Chairman Tuhin Kanta Pandey added that India's pension fund regulator had also looked at allowing pension funds to invest in commodity derivatives, but did not disclose whether it had made a...
Washington’s ‘Project Freedom’ to steer foreign stranded ships to safety through Strait of Hormuz
US President Donald Trump "The Ships movement is merely meant to free up people, companies, and Countries that have done absolutely nothing wrong - They are victims of circumstance. This is a Humanitarian gesture on behalf of the United States, Middle Eastern...
Trump likely to reject Iran’s peace proposal
U.S. President Donald Trump The United States and Israel suspended their bombing campaign against Iran four weeks ago, but appear no closer to a deal to end a war that has caused the biggest disruption ever to global energy supplies, roiled global markets and raised...
New building norms to ease infra constraints, improve access to healthcare: NATHEALTH
Welcoming the government's notification of the National Building Construction Standards (NBCS) 2026, NATHEALTH said it eases long-standing height restrictions for hospitals and permits Intensive Care Units (ICUs) beyond 45 metres, subject to enhanced fire safety...
PSU banks looks to scale up IT spend in view of cyber threat posed by Anthropic Mythos
Mythos’ advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. New Delhi:Public sector banks are bracing up to increase...
Centre revamps Rashtriya Bal Swasthya Karyakram, adds mental health, NCD screening
Building on more than a decade of implementation, the updated framework broadens the programme's established "4Ds" approach -- defects at birth, diseases, deficiencies and developmental delays -- while incorporating emerging child health concerns, including...