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Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Minister of State for Finance Pankaj Chaudhary at a high-level meeting in New Delhi to review performance of PSBs Sitharaman...
RBI issues directions on AePS operators onboarding to enhance security
The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator (ATO), which is the same as the one followed while acquiring a customer, as per the directions. Mumbai: The Reserve Bank on Friday issued...
Govt proposes new registration plate for hydrogen vehicles
According to a draft notification issued by the Ministry of Road Transport and Highways on Friday, in case of a hydrogen fuel operated commercial vehicle, the top half of number plate will be green and bottom half blue, while the figures on plate will be in yellow New...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products New Delhi: Observing that high premiums dissuade people from...
Investors’ wealth surges by Rs 12.26 lakh cr in 4 days of market rally
In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent.Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore (USD 5.38 trillion) in four trading days. New...
Fairfax appoints Amitabh Kant as a senior advisor
Canadian billionaire Prem Watsa's company Fairfax Financial Holdings Limited on Friday said it has appointed former NITI Aayog CEO Amitabh Kant as a senior advisor. Go Digit, backed by Fairfax, has a general insurance company, a life insurance company and a...
HDFC Life launches East-focused campaign in West Bengal and Odisha to drive the need for financial preparedness
Consumer studies from the East indicate that lifestyle improvement is on top of the list in terms of financial goals. Individuals aspire to enjoy their life to the fullest with their families – outings, vacations, celebrating cultural events, etc. Mumbai: HDFC Life,...
Bihar govt ropes in IIT Delhi IIT Patna to audit 85 major bridges
The new policy targets safety enhancements across 3,968 bridges, including 532 mega structures built over the last 18 years New Delhi: The Bihar government has roped in IIT Delhi and IIT Patna to audit 85 major bridges under its newly launched Bihar State Bridge...
Urban Indians are insured, yet financially exposed: Report
The report spotlights the underinsurance of working women. Only 19 per cent of working women have life insurance in their own name, despite contributing to household incomes.The study found that in 61 per cent of cases, policies were purchased for them, not by them,...
Gen Z embraces insurance early, warm up to Gen AI for research, finds out Policybazaar survey
The survey reveals a growing curiosity, early purchase consideration and a digital-first behaviour among India’s younger cohort - the Gen Z - with distinct patterns emerging between health and term insurance Policybazaar’s latest survey on Insurance Awareness Day...
Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and reviewed its progress as an International Finance Services Center Sitharaman exhorted officials to work towards making GIFT IFSC more competitive and cost effective to attract HNI investments in the...
DoT proposes changes in cyber security rules to curb frauds by misusing phone numbers
The draft cyber security rules published on June 24 proposed to create a new platform for phone number validation and also includes those entities that use phone numbers to identify customers like banks using phone numbers for UPI transactions New Delhi:The Department...
New India slapped with a GST demand of Rs 2,298 cr
New India Assurance believes that it has strong case on merit. Based on the advice of its tax consultants, the company is in the process of filing a detailed reply highlighting its contentions with the adjudicating authority within the prescribed timelines...
CTI raises concern over rising health insurance premiums, writes to FM
In a letter to Finance Minister Nirmala Sitharaman, CTI chairman Brijesh Goyal said health insurance premiums have increased by 15 to 20 per cent in the last few years, putting a strain on household budgets and forcing many people to discontinue their policies midway....
Cyberattack disruption at London hospitals contributed to patient death
“We are deeply saddened to hear that last year’s criminal cyberattack has been identified as one of the contributing factors that led to this patient’s death,” said Synnovis Chief Executive Officer Mark Dollar in a statement A cyberattack that caused disruption at...
ED registers prosecution complaint against Trinity Reinsurance Brokers in J&K money laundering charges
During the investigation, it was revealed that the J&K Finance Department deliberately awarded the tender for engagement of an intermediary (i.e. Insurance broker) for designing, floating the tender and implementation of the health insurance scheme for government...
ICRA cuts domestic PV wholesale growth forecast to 1-4 pc for FY26
The downward revision is "led by concerns regarding high inventory levels and supply shortage of critical components such as rare earth magnets, induced production constraints, especially for electric vehicles," ICRA said in a statement. New Delhi: Ratings agency ICRA...
Over 8.5 lakh mule accounts in 700 bank branches used by cyber criminals CBI
The CBI has found that these mule accounts -- established using falsified identification documents -- were primarily used as conduits for siphoning funds from unsuspecting victims. New Delhi: The CBI has detected 8.50 lakh mule bank accounts in over 700 branches...