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India’s EV sales jump over 16-fold to 25 lakh in 2025-26: PM Modi
"In 2009-10, only 1.5 lakh electric vehicles were sold. In 2025-26, 25 lakh electric vehicles have been sold," according to him. This suggests a massive surge of 1,566.67 per cent or 16-fold during the period'' said Prime Minister Narendra Modi in his speech on 80th...
SHANTI Act draft rules mandate insurance cover for nuclear plant operators
According to the draft rules, the Centre has to, once every five years, constitute a group of experts to review the maximum limits of an operator's civil liability for nuclear damage. New Delhi: Nuclear plant operators need to maintain an insurance policy, financial...
AI could cut cost of running insurance by eliminating repetitive work: Report
"AI is helping insurers analyze documents and identify missing information before a human ever becomes involved. And importantly, it is not replacing insurance professionals. Instead, these systems are removing repetitive administrative work so employees can focus on...
Savings bank a/c holders of scheduled banks can opt for rural postal life insurance
"With immediate effect, an operative Savings Bank Account with POSB or any Scheduled Bank is now an additional eligibility criterion for Rural Postal Life Insurance (RPLI)," Minister of State for Communications Pemmasani Chandra Sekhar said on X. New Delhi: The...
Uttarakhand: 7 dead in tunnel tragedy in Chamoli; search on for 3 missing
The incident occurred in a tunnel at Mayapur (Pipalkoti), when landslides and subsidence caused debris and water to fill half of the tunnel, trapping workers inside. GOPESHWAR (UTTARAKHAND): Seven workers died when water gushed inside a tunnel under construction at a...
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Bajaj General Insurance launches 2 new motor covers
Bajaj General Insurance today launched ProShield, a packaged motor insurance solution designed for defence personnel, alongside the enhanced VPAY 2.0, its next generation motor insurance offering for today’s connected vehicles and evolving mobility risks. The...
Q1FY 27: GIC Re net profit rises 10% to Rs1922 cr, prm soars 9% to Rs13,475 cr, Combined ratio improves 2.06% to 104.88%
``Our premium growth has came from Health, Life Re and Surety portfolios. We are committed to disciplined underwriting, particularly Fire and Engineering. Fire segment continues to witness intense competitive pressures at both the insurance and reinsurance levels,...
Air India to test all pilots for drugs after captain tests positive for marijuana
The two Tata Group-owned airlines together have more than 5,000 pilots. The comprehensive screening will cover substances and medications prohibited under prevailing aviation regulations, the airlines said in an internal communication to pilots. NEW DELHI: Air India...
Parliamentary panel rejects govt response on cyber fraud, says it fails to plug key gaps
The committee noted that under the proposed compensation framework, 65 per cent of compensation payouts would be assigned to the RBI while beneficiary banks would bear only a 10 per cent burden. According to the panel, this creates a "severe moral hazard" and does not...
Kerala partners with SAS to strengthen social welfare schemes delivery using Artificial Intelligence
The collaboration marks an important milestone in Kerala’s ongoing efforts to harness advanced analytics and artificial intelligence to drive enhanced transparency in beneficiary selection, and establishment of a safety net for disaster prevention,mitigation, and...
Liberty Mutual Reinsurance makes world’s first earthquake parametric payment triggered by Safehub’s Shake Network
Jean-Christophe Garaix, head of parametrics and agriculture at Liberty Mutual Reinsurance, said: "Parametric insurance is increasingly being used to support natural catastrophe events. We deliver sophisticated parametric solutions which help clients in their times of...
“India showing interest in Northern Sea Route cooperation,” says Putin as he warns of “artificial tensions” in Arctic
The Russian president further cautioned that any retaliatory action by Moscow would not be restricted exclusively to the maritime zones where Russian vessels might be detained. These remarks follow intensified efforts by the EU aimed at curbing Russia's shadow fleet,...
Heatwaves could cost France €10-15 billion, environment minister says
The 2022 drought resulted in €5.6 billion in direct and indirect costs, but this year’s heatwaves have been longer and more intense, with more extensive forest fires and a greater decline in agricultural production, French environment minister Monique Barbut said. The...
AI’s volatile power demand is damaging Its own data centers
AI data centers put particular strain on their power supply when they are training new models — a process that mobilizes all of the graphics processing units in unison. Like the digital equivalent of bees swarming or a school of fish changing direction, hundreds of...
Govt plans insurance reforms to rein in healthcare costs, sources say
"The idea is to benchmark treatment rates, agreed between insurers and hospitals, to reduce disputes and fraudulent claims," said one of the sources. MUMBAI: The government is weighing wide-ranging reforms of health insurance, from benchmarked treatment rates to a...
Private hospital room cost must not exceed 3-star hotel room tariff in cities: Parl panel
The committee noted that households continue to face significant financial stress while accessing private healthcare, with average out-of-pocket expenditure per hospitalisation episode pegged at Rs 34,064. It also flagged medical inflation of 10-13 per cent and...