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Budget 2026–27:Interest awarded by MACT to a natural person exempted from income tax
The tax holiday period on business income earned by a unit in International Financial Services Centre has been increased from 10 to 20 years (out of a block of 25 years. The FM also proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for...
Clean water is a privilege in the country of 1.4 billion people where researchers say 70% of the groundwater is contaminated. Tap water remains unfit to drink, and 16 people died in Indore city after consuming contaminated tap water in December. Many in India see...
Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
CS Setty,Chairman,State Bank of India On the long‑standing demand for parity between bank deposits and other financial instruments, the SBI Chairman said fiscal realities make preferential treatment for deposits difficult despite the need for a level playing field...
Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, the...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the people said.It would be the first time Beijing has used special bonds to...
MUMBAI: The government has set a February 5 deadline for financial bids for IDBI Bank as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter. The deadline has been communicated to bidders who are eligible...
New India’s net profit rises almost 6% to Rs372 crore in 3rd quarter
Girija Subramanian, CMD,NIA said,``Our domestic gross direct premium growth significantly outpaced the industry average, resulting in our market share improving to 13.4 per cent, compared to 12.8 per cent in the corresponding previous year. While the incurred claim...
SBI General Insurance powers ahead in 9M FY26 growing 1.7 times faster than the Industry Mumbai; Jan 30th, 2026: SBI General Insurance, one of India's leading general insurance companies, has delivered a strong performance in 9M FY26, reinforcing its...
AI171 crash probe: AAIB assessing various aspects; nothing has been ruled out, says source
All aspects related to technical, operational, organisational and human factors are being looked into, and it is a very complex process. Certain components of the aircraft are also being examined by AAIB, the source said New Delhi: The Aircraft Accident Investigation...
EC work: LIC field workers move HC for protection of their service conditions
Petitioner National Federation of Insurance Field Workers of India, through their lawyer, stated before the court of Justice Krishna Rao that they apprehend that their service in the company will be affected if they are engaged in election-related work. The court said...
Eco Survey 2025-26: Rising lifestyle diseases due to nutrition gap
The survey noted that concerns of rising lifestyle diseases, rising burden of cancers, increasing antibiotic resistance, and falling general immunity levels have exacerbated as a consequence of nutritional deficiencies Dietary reforms should be treated as a public...
IRDA imposes Rs 1cr fine on Wealthkart Insurance Broking
The IRDA, on Jan 22, has imposed a fine of Rs 1 crore on Wealthkart Insurance Broking for not seeking its prior approval while effecting substantial changes in shareholding of the company. Broker effected changes in its shareholding on 19th September, 2023. The...
Geopolitical tensions raise emerging market credit risks in 2026
``Potential pressures stemming from geopolitical events are among the risks to our base-case expectation that the macro-credit environment for emerging markets this year will be net neutral relative to last year,'' observed Fitch. London: Geopolitical risks, including...
SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance to expand the capacity on Baobab’s “CyberSafe” offering, which provides companies with preventive and ongoing protection against cyber risks Paris:The SCOR Syndicate at Lloyd’s has extended the...
India’s vast internet, social media apps market
Alphabet and Meta do not officially disclose country-specific figures, but DataReportal pegs YouTube users in India at 500 million, Facebook 403 million, Instagram at 481 million, and Snapchat at 213 million. Bengaluru:India is one of the most critical growth markets...
WHO sees low risk of Nipah virus spreading beyond India
"The WHO considers the risk of further spread of infection from these two cases is low," the agency told Reuters in an email on Friday, adding that India had the capacity to contain such outbreaks.There is no evidence yet of increased human to human transmission,''...
Economic Survey 2025-26:Towards a healthy India
Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age...
MS Amlin launches new reinsurance partnership with Mitsui Sumitomo Insurance in Middle East
Under the terms of the partnership, MSI’s UAE branch will focus on supporting its existing client portfolio as well as targeting new clients in the region. All risks written by MSI will be ceded to MS Amlin, who began writing Political Risk in the region in 2025,...