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Bima Vistaar: IRDAI unveils premium for its mass combo cover at Rs 1500, for a family at Rs 2420
Debasish Panda, chairman,IRDAI Bima Vistaar will have a combined features of Life, Health, Personal accident and Property. For Life cover a premium of Rs 820 has to be paid while Health, Personal accident, Property have been priced at Rs 500, Rs 100 and Rs 80...
RBI plans curbs on suspect bank accounts to fight cyber frauds
The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day Tens of thousands of Indians...
Russia reinsurer backs firms to get India marine insurance permit
Russian companies Sogaz Insurance, Alfastrakhovanie, and VSK Insurance, have joined Ingosstrakh as insurers approved by India for providing marine insurance cover, an order posted on Indian shipping regulator's website showed "With the backing of the Russian National...
Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
In a statement the ICICI Bank spokesperson said that it came to their notice that "about 17,000 new credit cards which were issued in the past few days were erroneously mapped in our digital channels to wrong users". "No instance of misuse of a card from this set has...
CRISIL subsidiary gets SEBI nod to offer ESG ratings
Gurpreet Chhatwal, Managing Director, CRISIL Ratings, “The ESG scores, which will henceforth be called ‘ESG ratings’, have already found traction among market participants. These are based on a unique India specific framework that factors in nuances at the sectoral...
82% of Singaporean business leaders fear elections across the globe impacting international trade: Beazley report
Jack Suk, Underwriter, Political Risks & Trade Credit, Asia Pacific, Beazley said: “Materials vital to the energy transition and development of electric goods are an increased focus for companies. As some developed countries look to move their supply chains away...
Resilient economy, price stability to support India’s promising growth story: FinMin report
Overall, India continues to be the fastest-growing major economy, with positive assessments of the growth outlook for the current financial year for India by international organisations and the RBI, the Monthly Economic Review for March said New Delhi: Resilient...
SC to share cause lists, info about filing of cases through WhatsApp: CJI
Now, litigants, parties in-person and advocates-on-record (AoRs) will receive automated messages regarding e-filing, objections raised by the registry, causelist and uploading of orders and judgments, CJI Chandrachud told the members of the bar in open court New...
Yamuna pollution NGT imposes Rs 65 crore environment compensation on two UP civic bodies
It said based on the "polluter pays principle", the Agra nagar nigam is liable to pay environment compensation of Rs 58,39,20,000 (Rs 58.39 crore) while the Mathura-Vrindavan nagar nigam is liable to pay Rs.7,20,10,000 (Rs 7.20 crore) In a 200-page judgment, the bench...
GIPSA notifies postings of 16 new GMs
The GIPSA, the coordinating body for the six PSU general insurance companies including GIC Re and Agriculture Insurance Company(AIC) have notified all 16 appointments of newly selected general mangers,Chndra S Iyer from GIC Re has been appointed as one of general...
Global brands responsible for majority of branded plastic pollution
They found that the top five brands were The Coca-Cola Company (linked to 11 per cent of branded plastic waste), followed by PepsiCo (5 per cent), Nestlé (3 per cent), Danone (3 per cent), and Altria (2 per cent). In all, 56 companies were identified International...
LIC warns against misleading social media ads exploiting Its brand and logo
''It has come to our attention that certain individuals and/or entities are engaging in fraudulent advertising practices on various social media platforms by misusing the image of our senior official/s or ex-officials, our brand logo, and our brand name without our...
Invest in disaster resilience today for safer tomorrow: Indian PM Modi
"Earthquakes destroy houses, making thousands of people homeless. Natural disasters can disrupt water and sewage systems, putting the health of people at risk. Some disasters can impact energy plants, leading to potentially dangerous situations. These things have a...
Pvt sector life insurers gain market shares in new business premium and policies sold in FY24
26 private sector life insurers have gained market share over LIC in all three key areas like new business premium, policies and number of policies and number of lives covered under group schemes in FY 24 Indicating higher ticket size of its average...
Unemployment biggest challenge in India, world’s fastest growing economy: Poll
"Following a decade of near jobless growth, the rising number of discouraged workers had pushed India's LFPR (labour force participation rate) down well below levels exhibited by the four Asian tigers at comparable stages in their demography," said Kunal Kundu, India...
South Korean court hears children’s climate change case against government
The proceeding is Asia's first such climate-related litigation, the plaintiffs said, which includes four petitions by children and infants among others dating from 2020, as well as one from a foetus at the time, nicknamed Woodpecker. South Korea's Constitutional Court...
Tata AIA crosses Rs 1 lakh cr AUM
Tata AIA Life Insurance has crossed Rs. 1 lakh cr in assets under management (AUM). In less than three years, the Company has doubled its AUM from Rs. 50,000 crore (Aug’21) to Rs. 1,00,000 crore. This increase has been fuelled by strong growth in Individual New...
Musk decries Australian court ‘censorship’ of X terror posts
At a hearing overnight, Australia’s Federal Court ordered X, formerly called Twitter, to temporarily hide posts showing video of the incident a week earlier, in which a teenager was charged with terrorism for knifing an Assyrian priest and others Elon Musk lashed out...