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New vehicle scrap norms may dent auto profits by Rs25K cr
"Once the environmental compensation (EC) cost is notified by CPCB (Central Pollution Control Board), automobile manufacturers may be required to make substantial cumulative financial provisions under the accounting standards (IND AS 37). Preliminary estimates...
Scindia launches nationwide mobile alert system for disaster emergencies
Jyotiraditya Scindia,Union Minister of Communications Cell Broadcast Solution (CBS) is a telecom-enabled public warning system that enables authorities to broadcast simultaneous, geo-targeted alerts to mobile devices within a defined area. Integrated with the...
Finance Ministry notifies 100 pc FDI in insurance sector, amends FEMA Rules
While 100 per cent foreign investment will be allowed in insurance companies and intermediaries, including brokers, under the automatic route, the cap is 20 per cent for Life Insurance Corporation (LIC), said the Foreign Exchange Management (Non-debt Instruments)...
FIIs offload ₹70,100 crore from Indian equities; DIIs steady markets
Domestic institutional investors (DIIs), however, remained supportive, investing ₹51,000 crore during the month and helping cushion the market from sharper declines. The same pattern was visible last week, with FIIs selling around ₹13,000 crore, while DIIs infused...
West Asia Conflict:Govt invokes force majeure, grants 4-month contractor relief
Under the revised guidance, contracts with completion deadlines on or after February 28, 2026, that have been affected directly or indirectly by the West Asia disruptions may be granted an extension of at least two months and up to four months, without any penalty or...
Aviation Insurance: A period of dynamic uncertainty
Despite the significant challenges, and elevated war risks for airlines and aviation infrastructure, discussions remained calm and assured, with insurers working closely with brokers and buyers to understand the steps that were being made to mitigate risk and protect...
FY27 kicks off strong for carmakers as auto sales hit 450K
The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. New...
Amit Shah to launch mobile-based disaster communication systems on May 2
The system has been extensively utilized by disaster management authorities, enabling the dissemination of over 134 billion SMS alerts, till date, in more than 19 Indian languages during natural disasters, weather warnings, and cyclonic events.To further strengthen...
FinMin asks banks to adopt MuleHunter AI tool of RBI to check cyber frauds
M Nagaraju, Secretary, DFS During the meeting he also advised State Level Bankers' Committee to sensitise the State Police Authorities about the steps taken by the banks for prevention of cyber financial frauds and undertake greater public awareness initiatives, the...
India’s logistics cost to drop to 9 pc over robust road infra: Nitin Gadkari
Union Minister of Road Transport and Highways, Nitin Gadkari The minister said that 36 green express highways are under development and would transform the economic scenario for logistics costs. New Delhi: Union Minister of Road Transport and Highways, Nitin Gadkari...
Fraudsters now exploiting e-Commerce sector at a scale similar to Jamtara banking scams: Report
An analysis of 70 million marketplace users by AI- powered risk decisioning platform Bureau, revealed that coordinated groups are now exploiting online systems at a scale similar to the Jamtara banking scams. Organised fraud networks are now systematically targeting...
$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market
The vast majority of the $2.8 billion will be absorbed by the reinsurance and retrocession markets. While some market participants initially anticipated the full $3 billion limit of the International Group’s reinsurance tower could be called upon, statutory...
India posts 5 pc higher AUM growth than Asia Pacific over retail investor demand
Retail products already account for 61 per cent of total Indian AUM, making India one of the most retail-dominated markets in the region, the firm said. New Delhi: India’s asset under management grew 17 per cent in 2025 — ahead of the Asia-Pacific average of 12 per...
ETF inflows hit record Rs 1.8 lakh crore in FY26, driven by surge in gold, silver investments: Report
The study highlighted that commodity ETFs accounted for a majority share of the inflows during the year. Gold and silver ETFs together attracted Rs 99,280 crore, contributing around 55 per cent of the total inflows, while equity ETFs received over Rs 77,000 crore, or...
Oil trading disputes deepen amid Iran war fallout
In some instances the disputes have arisen because producers cut their production levels. In others, buyers with contracts under which they are responsible for lifting oil from ports in the Middle East have said they were unable to secure ships to load it due to the...
Economy resilient but faces rising risks from Mideast war, government report says
The government said India remained a relative bright spot, with the International Monetary Fund raising its 2026-27 growth forecast for the country to 6.5% from 6.4%.However, it warned that risks were tilted toward higher inflation, wider fiscal and external...
US not to lift naval blockade of Iran’s ports till Tehran agress to end its nuclear program:Trump
President Donald Trump The blockade lies at the heart of the impasse between the US and Iran, with the Islamic Republic insisting it won’t restart negotiations or reopen the strait as long as the naval restrictions stay in place. President Donald Trump told Axios he...
DFS Secretary Nagaraju reviews functioning of PSU general insurers
M Nagaraju,secretary,DFS Nagaraju emphasized that PSICs should focus on increasing investment opportunities and devise strategies to reduce loss ratios, while maintaining market share and consistently strengthening their retail portfolios and presence across rural and...