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Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case
The court, in the judgment passed on Saturday, ordered that the entire fine amount of ₹30 lakh, once recovered, be paid as compensation to the woman, a resident of Thane in Maharashtra. Thane: A Thane court has sentenced a financial advisor to two years rigorous...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel
The bank was also ordered to pay Rs 10,000 for mental agony and litigation costs.As per the complainant, her husband had an account with the bank's Tri Junction Cantonment area in Nagpur. She stated that insurance protection up to Rs 5 lakh was being provided to the...
FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark
With this, total outflows by Foreign Portfolio Investors (FPIs) from the equity market have reached Rs 2.2 trillion in 2026, higher than the Rs 1.66 trillion pulled out during the entire 2025, according to data with the NSDL. New Delhi:Foreign investors continued to...
W.H.O. declares Ebola outbreak in Congo, Uganda a global health emergency
The WHO said the outbreak, caused by the Bundibugyo virus, does not meet the criteria of a pandemic emergency but that countries sharing land borders with the DRC are at high risk for further spread.The outbreak is "extraordinary" as there are no approved Bundibugyo...
AP govt plans financial rewards for larger families:Chief Minister
N Chandrababu Naidu,Chief Minister,Andhra Pradesh "I have made a new decision. We will provide Rs 30,000 immediately after the birth of a third child and Rs 40,000 for a fourth child. Isn't this the right decision?" Naidu said on the sidelines of the...
Financial systems must remain connected to real economy: PM’s principal Secy cautions against speculation
PK Mishra,Principal Secretary to Prime Minister Addressing the 20th convocation of the National Institute of Bank Management (NIBM) in Pune, Mishra said,"In India, this convergence of finance and technology has enabled the creation of one of the world's most ambitious...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
Monsoon rains to hit southern Indian coast early, spurring crop planting
Last month, the India Meteorological Department forecast below-average monsoon rains in 2026 for the first time in three years, raising concerns over farm output and economic growth in Asia's third-largest economy, which, like other countries, already faces...
GIC Re infuses $49 million into its Malaysian branch
GIC Re appoints Rajesh Lahiri as new CFO in place of V. Balkrishna New Delhi: State owned GIC Re has infused USD 49 million (approximately Rs 469 crore) into the Corporation’s Labuan (Malaysia) Branch for maintaining solvency as required by the Labuan Financial...
Stomach viruses pose greater cruise danger than rare Hantavirus
“If you’re going on a cruise, you need to recognize the risk is higher. Dense socializing spaces, as well as shared food and water systems, can accelerate the spread of diseases, while limited medical equipment and staffing make curbing infections harder, said Abraar...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...
Regulators discuss ways to enhance financial sector resilience amid geopolitical frictions
Sanjay Malhotra,Governor,Reserve Bank of India "The FSDC-SC reaffirmed its commitment to enhancing financial sector resiliencethrough inter-regulatory coordination; and keeping a close watch on emerging challenges, including those from heightened geopolitical...
89 killed as storm, rain batter UP
Chief Minister Yogi Adityanath took cognisance of the loss of lives and damage caused by unseasonal rain, thunderstorms and lightning on Wednesday and directed officials to ensure relief reaches the affected families within 24 hours. LUCKNOW:At least 89 people were...
Willis launches integrated risk and insurance solution for carbon capture
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon Capture, Utilisation and Storage (CCUS) takes a strategically critical role in Asia's decarbonisation pathway as well as its energy strategy. At Willis, we have developed a proprietary CCS insurance...
HDFC Life and Bajaj Life announce record bonus for FY26
HDFC Life, announced a bonus of ₹4,596 crore for Fy26.Bajaj Life Insurance declareds a bonus of Rs1939 crore for FY26 Mumbai:HDFC Life, one of India‟s has announced a bonus of Rs4,596 crore in the Company‟s board meeting held on 16th April, 2026, reinforcing its...
Bank account can’t be frozen in absence of FIR: Delhi HC
Justice Purushaindra Kumar Kaurav, while dealing with a petition by an individual whose account in a private bank was frozen pursuant to a complaint from the Gujarat Cyber Crime Police in November 2024, stated that freezing a bank account without any justification...
IRDAI approves incorporation of Jio Allianz General Insurance
Jio Finance to invest an amount of Rs. 4.95 crores towards initial subscription of 49,50,000 equity shares of face value Rs. 10/-each for 50% stake Mumbai:After finalising joint venture agreement with Allianz Europe B.V (Allianz) to form a domestic general insurance...
SHANTI Act rules to be rolled out soon:Jitendra Singh
Union Minister of State (Independent Charge) Jitendra Singh The SHANTI Act introduces critical amendments designed to expand private and foreign participation in India's nuclear power sector; clarify the liability framework for nuclear operators; operationalize the...