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Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders
Globally, private credit has grown into a $1.7 trillion market. Lending spreads have narrowed compared with 2023 due to intensifying competition, but for Sompo the debt remains attractive because spreads are still wider than other credit products. Tokyo:Sompo Holdings...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...
Indian households turn investors, bank deposits surge: SBI report
"Indian households across states are turning from savers to investors. Juxtaposing incremental deposits between FY20-25 and incremental investors during the same period reveals states such as Gujarat, West Bengal, Madhya Pradesh, Andhra Pradesh and Karnataka, etc....
Gold, silver prices hit fresh highs amid global uncertainties
Spot gold price surged 1.45 per cent at $4,575.82 an ounce, after hitting a fresh record high of $4,601.17 level. Silver prices gained 4.85 per cent to touch $83.19, after hitting a record high of $83.88.The surge to fresh record highs was supported by rising...
India to deepen engagement with Singapore-based ship safety agency
Overall, ReCAAP engagement with the law enforcement agencies has been good and a successful arrangement is in place for ships to sail through Asian waters safely, though the weakest point is still the Straits of Malacca and Singapore (SOMS), where sea robberies have...
Govt proposes forcing smartphone makers to give source code in security overhaul
The plan is part of the Modi government's efforts to boost security of user data as online fraud and data breaches increase in the world's second-largest smartphone market, with nearly 750 million phones New Delhi:India proposes requiring smartphone makers to share...
India tightens crypto noose:Live selfies geo-tagging now mandatory for users
The updated guidelines new Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, issued on January 8 , classify crypto exchanges as Virtual Digital Asset (VDA) service providers who will now have to do more than just allow simple document uploads. New...
Life Insurance: A must for every young professional
Many youngsters postpone this decision, assuming it’s something to worry about later, when they are married, have kids, or ticking off other conventional life boxes. But unforeseen events, be it untimely demise, health setbacks, or sudden family responsibilities,...
Grok AI obscene content issue: X accepts mistake removes 600 accounts assures compliance
Earlier, the government had asked X for details, including specific action taken on obscene content linked to Grok AI, and measures to prevent a repeat in future, after it found the response submitted by the platform to be inadequate New Delhi:Microblogging site X has...
From infectious diseases to personalised medicine, India enters futuristic healthcare phase: Jitendra Singh
Jitendra Singh,Union Minister of State (Independent Charge) for Science & Technology Singh said that unlike earlier decades, when India was primarily battling infectious diseases, the country has now entered a futuristic phase where molecular diagnostics, genome...
Cyberwarfare: China bombards Taiwan’s critical systems with millions of daily intrusions
Taiwanese officials have linked the activity to five Chinese state-backed hacking units: BlackTech, Flax Typhoon, Mustang Panda, APT41, and UNC3886. These groups have repeatedly infiltrated sectors related to energy, health care, communications, and key high-tech...
Explainer: Simplified Income Tax Act 2025 to come into force from April 1
The 2025 I-T law is revenue neutral with no change in tax rates. It has only made direct tax laws simple to understand, removed ambiguities thus reducing scope for litigations. It reduces text volume and sections by about 50 per cent vis-a-vis the 1961 income tax act....
Nifty gives 10.51 pc annual return in 2025: Report
The data compiled by latest Global Market Snapshot report by Motilal Oswal Mutual Fund showed that while short-term market movement was mixed, select sectors such as metals and automobiles continued to outperform over longer periods Mumbai: The Nifty delivered a...
Consider govt employee’s plea to include live-in partner in family pension: Delhi HC to Centre
A bench of Justices Navin Chawla and Madhu Jain held that the petitioner government employee never concealed his relationship, and treating his efforts to include the names of his partner and children as his family as "grave misconduct" to deny post-retirement...
“Aircraft lost balance after sudden pressure drop”: Odisha Transport Minister on Rourkela crash
The minister further stated that the aircraft, carrying passengers including the pilot, reportedly experienced a sudden drop in pressure and lost balance while flying at a relatively low altitude, leading to the crash. Six persons, including two crew members and four...
ICICI Lombard’s official accidently posts financial results of Dec quarter in WhatsApp
"Though this information is in draft form and subject to changes during the ongoing audit, as a precautionary measure and in compliance with good corporate governance practices, the Company is reporting this incident to the Stock Exchanges," the statement said Mumbai:...
Jeju Air crash victims could have all survived without concrete barrier, lawmaker says
The Boeing 737-800 coming from Bangkok belly-landed and overran the runway at Muan International Airport, killing almost everyone on board after it struck a concrete support for a localiser antenna. The only survivors were two flight attendants at the far rear of the...
CBIC flags fake GST notices, advises taxpayers to verify DIN
Replying to a social media user who complained on X about receiving a call from a purported GST officer, the Central Board of Indirect Taxes and Customs (CBIC) said fraudsters are sending fake summons mimicking official GST documents. They use the CGST logo and fake...