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Strait of Hormuz:Trump risks confidence in U.S. role as guardian of global shipping
“The free flow of commerce through the strait is a larger principle at stake in this conflict.Failure to ensure freedom of navigation in Hormuz puts global freedom of navigation everywhere at risk,” said retired Vice Admiral John W. Miller, former commander of US...
Closing Indian Protection Gap: Gaining momentum
Protection thrives only when trust is strong and here, too, India is making quiet, steady strides. Claim settlement performance continues to rise, with the latest IRDAI data showing 96.82% of individual death claims settled within 30 days, while private insurers...
World shifting from ‘shocks’ to ‘permanent volatility’ amid global conflicts, trade disruptions: FM Nirmala Sitharaman
"The escalation of the Middle East conflict has evolved from a regional security concern into a systemic tremor, threatening the vital arteries of global energy and hardening the lines of a new, multipolar world order," Finance Minister Nirmala Sitharaman said. New...
RBI proposes separate categories of business correspondents, uniformity in wages
It also proposes to bring uniformity in the BC ecosystem with respect to the payment of commission or remuneration they get. Mumbai:The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their...
Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy
As per Press TV, the IRGC Navy made the remarks in a post on X and also noted that the preparations are underway for the "announced plan" of Iranian officials for a new order in the Persian Gulf. Tehran:As tensions escalate in West Asia and the Gulf region, the...
GST Rationalisation:Indian auto sales hits all-time high growth in FY26, set to cross 3 crore mark, says FADA
Passenger vehicles (PVs) crossed the 47-lakh mark for the first time, growing 13 per cent, supported by a rich new-model pipeline, steady urbanisation, and the sustained shift towards SUVs and alternative powertrains, the FADA data showed. New Delhi: Indian automobile...
New India ends FY26 with a global premium of around Rs 47,000 crore
Girija Subramanian, CMD, New India Assurance Recovering from a slow growth, Indian general insurance industry is expected to touch Rs 3.35 trillion of premium in FY 26 `New India Assurance is on track toward achieving Rs 50,000 crore premium milestone. Strong growth...
Agri Minister takes stock of crop losses from hailstorm, heavy rainfall as fresh western disturbance looms
Shivraj Singh Chouhan,Union Agriculture Minister The Agriculture Ministry, in a statement, said Chouhan has instructed officials to reach out to concerned state governments and compile damage assessments. New Delhi:Union Agriculture Minister Shivraj Singh Chouhan on...
Jan Vishwas Bill rationalises compliance, decriminalises minor offences in health sector
“This marks a shift towards a more facilitative regulatory framework while retaining strict action for serious violations affecting public health and safety,” the ministry said in a statement. New Delhi:The Jan Vishwas (Amendment of Provisions) Bill, 2026, passed by...
Families of AI171 crash victims seek release of black box data, write to PM
Around 30 bereaved families from across Gujarat met in Ahmedabad on Saturday and wrote a letter to the prime minister, requesting the release of the CVR and 'black box' (Flight Data Recorder) data to uncover the truth behind the calamity. Ahmedabad: Ten months after...
Mayabunder Pawan Hans helicopter crash: AAIB finds emergency flotation system not activated during approach
A Pawan Hans helicopter crashed into the sea after taking off from Ranghat helipad in the Andaman & Nicobar Islands with seven persons on board for Mayabunder helipad on February 24 was not activated during the approach. Mumbai:The emergency flotation system of...
If West Asia crisis continues Indian exports to other parts of world will get impacted: Official
Even if the war ends, the impact of the crisis will be there for the next few months or years, depending on which supply chain or which infrastructure has been impacted.So, at this juncture, it will be very difficult to take a very long-term view on it," Central...
Crypto steadies as easing geopolitical tensions lift sentiment caution persists
Bitcoin hovered in a narrow USD 66,000-USD 67,000 range with declining volumes, signalling investor hesitation, while altcoins underperformed amid the leading cryptocurrency's continued dominance, according to WazirX - India's largest and most trusted cryptocurrency...
Maritime Reinsurance: 6 more US insurers to partner DFC and Chubb providing up to $40B in coverage for Strait of Hormuz passage
Apart from Chubb, Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA to provide reinsurance for DFC's Maritime Reinsurance plan. On top of DFC's $20 billion in rolling coverage, Chubb and these new partners will provide an additional $20...
West Asia Crisis: War-risk insurance premium for Indian airlines moderates after reaching sky-high
The additional war risk premium stood at approximately Rs 30,00,000 per round trip for a narrow-body aircraft and Rs 90,00,000 per round trip for a wide-body aircraft for a few days but nobody had paid it, said sources New Delhi: After shooting up,because of the...
Secret codes and upto 2 million Chinese yuan fees get ships through Iran’s Hormuz tollbooth
People in the shipping industry and government officials with direct knowledge of negotiations said that the IRGC is already extracting tolls from vessels passing through, and giving preferential treatment to ships from countries it deems to be friendly, while...
Navy ensures security of Indian commercial ships, oil tankers: Defence Minister Rajnath Singh
"There are many sensitive points in the sea where our Navy has continuously made its active presence to ensure the smooth supply of goods. Whenever there is a situation of tension there, the Indian Navy has ensured the security of our commercial ships and oil...
Ship carrying Iranian oil shifts course midway from India to China
The shift in destination of Pin Shun appears to be payment-related, with sellers tightening terms, moving away from the earlier 30-60 day credit window toward upfront or near-term settlement, said Sumit Ritolia, Lead Research Analyst, Refining and Modelling at...