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Indian general insurance industry grows almost 10% to Rs 3.36 trillion in FY 26, Health Insurers record faster growth
One of the noteworthy features of the industry, in FY26, is the growth story of seven Standalone Health Insurers(SAHI), which have, led by Start Health Insurance,grown their total premium by 19.40 per cent to Rs 45,865 crore and have expanded their market shares to...
US, Iran agree to ceasefire with reopening of Strait of Hormuz
President Donald Trump The eleventh-hour deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, Trump said. The waterway typically handles about one-fifth of global oil shipments. WASHINGTON/DUBAI/CAIRO:The United States...
Global Assignments:Blending family wellbeing,cultural adaptation and social integration
"When we think about mobility strategies, the focus should not only be on business outcomes but on how well we prepare people, and their loved ones, for change." says Ellen Hughes, Chief People Officer, AXA Health Business. New research from AXA Global Healthcare...
RBI holds rates,lowers GDP growth for FY 27 to 6.9%; hikes Inflation outlook to 4.6% due to West Asia crisis, spike in crude prices
“Higher input costs associated with an increase in energy prices and international freight and insurance costs, along with supply-chain disruptions that would constrain availability of key inputs for downstream sectors, would impair growth,” RBI Governor Sanjay...
India is expected to receive below-normal monsoon rainfall in 2026
India is expected to receive below-normal monsoon rainfall in 2026, private weather forecaster Skymet said on Tuesday, as the El Nino weather pattern is set to reduce precipitation in the second half of the June–September rainy season.Monsoon rainfall is...
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. Attacks that have severely damaged refineries, ports and oil storage in the Gulf region...
West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf
Maritime war risk insurance premiums have surged as much as 1,000% in some cases, as the Middle East conflict heightens risks to shipping through the region. The spike in premiums has sharply raised costs for shipowners, traders and energy firms moving cargo through...
Google plans to introduce new mental health support features for its Gemini chatbot
The rapid explosion of tools like Gemini and ChatGPT have led to some users forming obsessive relationships with AI bots, allegedly contributing to delusions and, in extreme cases, murder-suicides. Several families have sued leading AI developers over the issue....
IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health
Star Health has received approval from Insurance Regulatory and Development Authority of India (IRDAI) on Tuesday for the proposed transmission of 8,28,82,958 equity shares held by Late Rakesh Jhunjhunwala, the largest shareholder of the company, and the said...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health insurance in India including coverage, penetration, claims experience, product design, grievance redressal and consumer experience. It will recommend regulatory,policy, and operational measures to...
Voluntary retirement a distinct employee right, not mere exit: SC
``It is quite clear, if an employee on or after 1st day of November 1993 completes 20 years of qualifying service, and furnishes a notice of not less than three months to the appointing authority, he may retire voluntarily," the bench noted New Delhi:The Supreme Court...
EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
"FY'26 has been a watershed year for India's electric mobility story. Total EV retail across two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles stood at approximately 24.52 lakh units, growing nearly 24.6 per cent YoY, with every category...
The Asian Development Bank (ADB) today approved the Rapid Resource Reprogramming and Deployment Option (3RDO), a new financing mechanism that enables developing member countries (DMCs) to respond rapidly in times of crises by repurposing existing ADB sovereign...
AON appoints Winnie Loh as real estate and data centre leader for Southeast Asia
Winnie Loh, Real Estate and Data Centre leader for Southeast Asia, AON Andrew Minnitt, CEO, Singapore and head of Southeast Asia for Aon, said,`` As data centre investment continues to accelerate across the region, clients are looking for advisers who understand how...
Govt plans sovereign guarantees on loans to businesses hit by Iran war, sources say
India is planning to provide a guarantee of about 90 per cent on loans up to ₹100 crore ($10.75 million) to lenders in case borrowers default in the aftermath of the crisis in West Asia, both the sources said. New Delhi:The government plans to roll out sovereign...
Sebi wants independent directors to adopt ‘constructive approach’
Tuhin Kanta Pandey, chairman,Sebi In the comments that came weeks after the resignation of Atanu Chakraborty, an independent director and part-time chairman of HDFC Bank, Pandey said the role of such directors is far more than just compliance, and also encompasses...
SC warns insurers on not taking legal action on fraud claim cases
The SC Bench comprising Justices Ahsanuddin Amanullah and R. Mahadevan has issued warning to the insurance companies while examining a motor accident claim case [National Insurance Company(NIC) Vs K Saravanan] where allegations have been made that a forged insurance...
Private credit sector stresses could be catastrophic, but not just yet
The pace at which investors are demanding money back from some of the private credit funds, known as business development companies (BDCs), has accelerated this year on worries about competition, falling returns and fears artificial intelligence will upend software...