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LIC launches specialised product for child education
Siddharth Mohanty(L), Chairman, LIC, Vivek Joshi(R), Secretary, Department of Financial Services, at the launching ceremony of LIC's Amritbaal The plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child Mumbai:...
RBI extends Paytm Payments Bank restriction deadline to March 15
As per a January 31 order of the central bank, PPBL was asked to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29 Mumbai: The banking regulator...
Ashwini Vaishnaw to inaugurate ‘Made in India’ Indus Appstore: PhonePe
Union IT and Railways Minister Ashwini Vaishnaw “In a global-first move, the Indian startup ecosystem will come together at the milestone launch to challenge the technological, commercial and distribution monopoly of global players, and democratise the Android app...
Farmers’ agitation to cause Rs 500 cr economic loss daily to northern states: PHDCCI
''A lingering agitation will cause Rs 500 crores economic loss daily and will have an impact on Q4 Gross State Domestic Product (GSDP) of northern states majorly Punjab, Haryana and Delhi,'' said Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry New...
Swiss Re 2023 net profit surges almost six times, in line with expectations
"We achieved all our financial targets in a year that was characterised by geopolitical turbulence and continued economic uncertainty. Improved price adequacy in our property and casualty businesses following strong renewals and our underwriting discipline helped us...
Indians are ready to spend more on travelling: ACKO Travel Index
As an Indian traveller, getting travel insurance protects you in case of emergencies like medical problems, lost luggage, lost travel funds, or missed flights, to name a few. In addition, travellers must choose a sum insured according to their opinion to cover the...
India’s small exporters reel as Red Sea crisis helps rivals nab business
Many suppliers sign export deals on a cost, insurance and freight basis, making them responsible for any increases in freight and insurance costs New Delhi: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost...
Majority of Indian enterprises have deployed AI: IBM report
''Without the use of governance tools, AI can expose companies to data privacy issues, legal complications, and ethical dilemmas – cases of which we have already seen plaguing many across the world,'' Sandip Patel, Managing Director, IBM India and South Asia, said...
Government establishes committee to develop regulations on the problem of unwanted phone calls
The sole objective of Trai DLT(Distributed Ledger Technology) regulations is to bring transparency to the system, counter the menace of SMS spam and protect consumers from fraudulent practices New Delhi: The government on Thursday said it has formed a committee to...
1 in 5 cities covered under NCAP lacks real-time pollution data: report
Among India's top 10 polluted cities in January, two were in Bihar, two in Rajasthan, two in Uttar Pradesh, one in Assam, one in Haryana, and one in Himachal Pradesh One in five cities covered under India's National Clean Air Programme does not have a continuous...
Asia-Pacific off track on path to SDGs, UN data shows
Among the 17 SDGs, Goal 13 on climate action required most attention, as progress on all of its targets are off track and some are in reverse. This underscored the need to integrate climate action into national policies, strengthen resilience and improve adaptive...
1.4 billion children globally lack basic social protection: UNICEF
Strengthen the social protection for parents and caregivers by guaranteeing access to decent work and adequate benefits, including unemployment, sickness, maternity, disability, and pensions. Globally, 1.4 billion children aged 0-15 lack any form of social protection,...
India Yamaha Motor recalls 300,000 scooters to rectify brake parts
The Japanese two-wheeler maker said it is recalling scooter units manufactured between January 1, 2022, to January 4, 2024, with immediate effect New Delhi: India Yamaha Motor is recalling around 300,000 units of its 125 cc scooter models Ray ZR 125 Fi Hybrid and...
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal
Subramanian Swamy In his petition, Swamy has alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations. New Delhi: BJP leader...
Road ministry clarifies legal status of bike taxis
'It is clarified that as per section 2(28) of the MV Act, vehicles having less than four wheels fitted with an engine capacity exceeding 25cc are also included within the definition of motor vehicles. Hence, 'motorcycles' shall fall within the ambit of Section 2(7) of...
World bank and Fathom tie-up for free flood data access for 16 climate vulnerable countries
These countries are among the most vulnerable to climate change, such as Pakistan, Somalia, and Yemen, which often struggle with limited data resources London: UK based Global flood risk intelligence leader Fathom, which was recently acquired by Swiss Re, has tied up...
IRDAI proposes to increase free look period to 30 days for policyholders
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
Japan unexpectedly slips into recession, Germany now world’s third-biggest economy
"What's particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand," said Yoshiki Shinke, senior executive economist at Dai-ichi Life Research Institute Tokyo: Japan unexpectedly slips into recession,...