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ASR announces agreement for strategic investment by Vitruvian Partners
Mikir Shah, Chief Executive Officer, Africa Specialty Risks said: “I’m delighted to welcome Vitruvian Partners as our new lead investor. Since launch in 2020, ASR has enjoyed a significant growth trajectory, and this new partnership will help us realise our ambition...
HC uphols direction for entrusting census duties to employees of LIC
Dismissing the writ petition, Justice Dinesh Pathak said, "This court is of the considered opinion that the authorised authority/zonal officer has not committed any error or illegality in issuing orders in exercise of delegated power directing the employees of the LIC...
Geopolitical Risk & Workforce Protection: Evolving Multinational Insurance Programmes
Workforce protection is no longer just about policies or benefits. It is about creating a sense of security for employees, no matter where they are working from.Risk, HR, and mobility teams cannot operate in silos anymore. They need to stay connected and respond as...
June1 Renewals:Softening accelerates against a riskier world as economic returns compress, says Howden Re
The paradox of softening pricing in a demonstrably riskier world is being met with structural preparation rather than complacency. This posture will likely define how the market navigates the second half of 2026 and beyond, stated Howden Re. London:The 1 June 2026...
Geopolitical and AI-related risks among top concerns for directors and officers worldwide:Willis
Artificial intelligence has seen a significant increase in the proportion of respondents ranking it as a very or extremely important risk (up 5% to 56% of respondents globally). LONDON: 59% of directors and officers now consider geopolitical risks to be very important...
Sanjay Lohiya assumes charge as Secretary, Department of Financial Services
Sanjay Lohiya, Secretary, Department of Financial Services Lohiya takes charge at a time when the financial sector is undergoing transformation with a focus on digital financial inclusion, recapitalisation and operational autonomy of public sector banks, and deeper...
Auto sales surge in May: Maruti hits record high, Hyundai, Mahindra and Toyota gain momentum
Maruti Suzuki India Limited sold a total of 242,688 units in May 2026, marking its highest-ever monthly sales volume. The company achieved an all-time high in domestic sales at 193,535 units. Additionally, sales to other OEMs stood at 7,239 units, while export sales...
US says it struck Iranian military sites, Tehran responds with air base attack
The strikes on Iran's Gulf coast were in response to "aggressive Iranian actions that included the shootdown of a U.S. MQ-1 drone that was operating over international waters," the U.S. Central Command said in a post on X. DUBAI: The U.S. said it struck Iranian...
LIC considers fintech arm amid push for technology-led expansion
"So, both go hand in hand…we are engaging the fintech players but whether it can be a strategic partner, we are looking at various options available and we may be coming up with something…our first aim is to modernize our IT applications and become as agile and...
Govt launches AI-enabled Chatbot to help citizens lodging grievances online
Citizens can now lodge grievances by simply speaking, in their own native language; the system automatically identifies the right Ministry and Department New Delhi:The Centre on Saturday unveiled an Artificial Intelligence (AI)-enabled chatbot to help citizens raise...
Finance Ministry flags inflation,crude oil and monsoon risks in monthly economic assessment
With the IMD projecting monsoon rainfall at around 92% of the long-period average, the department cautioned that "any significant rainfall deficit coupled with current geopolitical conditions could translate into food inflation, weakening rural demand and aggregate...
Indian court ruling on Google keyword ads could reshape online advertising
The court said Google allowed rivals of India's Hindware to use "Hindware" as a keyword to target their own advertising. The ruling said, "the manner in which Google operates its AdWords Policy makes it clear that Google sells or auctions the use of the trademark …...
Trump ends Situation Room meeting without announcement; WH says ceasefire deal must “satisfy red lines”
"The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran...
Govt amends CSR norms; provides more leeway for cos
"This amendment is aimed at providing significant ease of compliance to the companies and will also help Not for Profit Organisations (NPOs), to raise funding for public welfare projects in a transparent and regulated manner. New Delhi:In a significant move, the...
Health insurance providing financial protection to over 60% of Indian households:Govt Survey
Flagship schemes such as Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (PM-JAY) have played a pivotal role in increasing access to affordable healthcare services, particularly for vulnerable populations.Expansion marks a critical step towards universal health...
DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the...
India expects 2026 monsoon rains to be below average
An El Nino weather effect is likely to develop soon and influence rainfall during the four-month monsoon season from June to September, M Ravichandran, secretary in the earth sciences ministry New Delhi:The India Meteorological Department announced on Friday monsoon...
Iran, US reach deal to extend ceasefire, lift restrictions on shipping through Hormuz, pending Trump’s approval
According to four sources familiar with the matter, the agreement would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran's nuclear program. WASHINGTON/CAIRO: The United...