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Australia’s major cities face an increasing risk of urban wildfires similar to deadly Los Angeles blazes
“Nearly every Australian capital city has a dangerous mix of preconditions for a catastrophic fire like LA — the possibility of extreme dry periods, severe winds, steep slopes, bushland near homes and a history of destructive fires,” said Greg Mullins, a former New...
Nestle recalls infant formula batches in 25 countries over toxin risk
Nestle, which makes products ranging from KitKat to Nescafe, said late on Monday that no illnesses had been confirmed in connection with the recalled products. Nestle said it was recalling some batches of its infant nutrition products, including SMA, BEBA and NAN...
Aviva Life launches a fixed health benefit plan with wellness rewards
Aviva India has announced the launch of Aviva Smart Vitals, an individual non-linked, non-participating, pure risk health insurance fixed benefit plan that provides comprehensive protection against critical illnesses. The base sum insured starts at Rs 10 lakhs, with...
Joshi gets another 3 month extension as acting GIC Re CMD
The government has extended the appointment of Hitesh Ramesh Chandra Joshi, executive director, GIC Re, as acting CMD of the state owned reinsurer for a further period of three months or until a regular CMD is appointed, or until further order, whichever is earliest,...
EV retail sales surge 16.37 pc to over 22.70 lakh units in 2025:FADA
"CY25 clearly reinforces that India's electrification journey is no longer a pilot; it is scaling, segment by segment. On the strength of robust ground-level adoption, electric two-wheelers retailed around 12.80 lakh retails (+11.36 per cent YoY) with an EV share of...
Aon’s Eric Andersen to join as AIG’s President and CEO-Elect
During his time as President of Aon from 2020 through 2025, Andersen led global programs that achieved gains in operational efficiency, improved performance for clients and the firm, increased shareholder returns and grew market value from $35 billion to $85 billion....
How Indians are earning, investing, and building wealth
A sharp rise in ITR-3 and ITR-2 filings shows that more people are earning from business, trading, and investments -- indicating a move away from single-income careers toward diversified income streams. New Delhi: India’s high-income salaried class is growing at a...
86 pc of Indians see jewellery as core wealth asset, Gen Z accelerates shift
About 56 per cent of consumers now view jewellery as both an investment and a fashion accessory, while 28 per cent purchase jewellery purely as an investment,according to a Deloitte India report. New Delhi: About 86 per cent of Indian consumers now consider gold and...
DIIs lend robust support to Indian markets, led by mutual fund assets in 2025
Insurance companies and domestic pension funds also saw their equity assets rising with the former witnessing a 12.6 per cent surge to Rs 26.81 lakh crore and latter posting 66 per cent jump to Rs 4.38 lakh crore. Collectively they bought more than Rs 1.4 lakh crore...
BIS develops over 600 new standards in 2025, 9,700 new licences granted
Sanjay Garg, Director General, BIS noted that Indian Standards today extend far beyond traditional sectors and now cover renewable energy, electric mobility, smart infrastructure, digital technologies, sustainability, green products, as well as emerging areas such as...
Rural markets lead passenger vehicle sales growth in 2025: FADA
The rural passenger vehicle sales grew 12 per cent during the year, compared with an 8 per cent rise in urban areas.Total passenger vehicle sales climbed to 4.47 million units in 2025, up from 4.1 million units in 2024, the data said. The data also pointed to a clear...
Automobile retail sales up 7.71 pc at 2 81 61 228 units on 2025: FADA
Passenger vehicle (PV) retail sales stood at 44,75,309 units in 2025 as against 40,79,532 units in 2024, a growth of 9.7 per cent, Federation of Automobile Dealers Associations (FADA) said in a statement New Delhi: Retail sales of vehicles across categories in India...
MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals further expansion.Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse catastrophe risks....
Turtlemint Fintech eyes Rs 2,000cr IPO; to file updated draft papers with Sebi in next 2-weeks
Following Sebi's approval, the company will file its updated draft red herring prospectus (UDRHP) in the next two weeks, which will be open for public comments for 21 days. After this, the firm is required to file UDRHP-II incorporating public comments and then RHP...
CCI probe finds Tata Steel, JSW Steel, SAIL breached antitrust law, regulatory order shows
The Competition Commission of India (CCI) has also held 56 top executives, including JSW's billionaire Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran and four former SAIL chairpersons, liable for price collusion over varying periods of time between...
Bird flu outbreaks on farms in Kerala state reported, WOAH says
The spread of avian influenza, commonly called bird flu, has raised concerns among governments and the poultry industry after it ravaged flocks around the world in recent years, disrupting supply, fuelling higher food prices and raising the risk of human transmission...
ONGC activates emergency response after gas leak at Mori Field in Andhra Pradesh
"No injury or loss of life has been reported. The area has been cordoned off, cooling operations commenced, and ONGC has mobilised the Crisis Management Teams (CMT and RCMT). Preparatory work is in progress to facilitate well-control and, if required, capping of the...
Swiss bar’s owners face criminal negligence probe after fire
The fire, which may have been caused by sparklers igniting the club’s soundproofing insulation, killed at least 40 people and left 119 injured. The injured, many of them teenagers, were moved to hospitals in neighboring countries for intensive care and treatment as...