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Wipro awrded multi-year deal from US-based retirement service firm TruStage to transform ops
"Customer expectations in financial services are changing, with a growing demand for simpler, more digital-first experiences. We are pleased to support TruStage in modernising its retirement services business. Through Wipro Intelligence and our consulting-led...
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves came after a spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday that Iran will target economic and banking interests linked to the U.S. and Israel in the region, after an attack on an Iranian bank. DUBAI/LONDON:...
Drone strikes near Dubai airport deepen Gulf aviation chaos
The U.S.-Israel war against Iran has led to tens of thousands of flight cancellations, reroutings and schedule changes worldwide, shutting much of the Middle East’s airspace – including Qatar's – due to missile and drone threats. DUBAI: Two drones fell near Dubai's...
28 Indian vessels with 778 seafarers onboard stuck in Persian Gulf: Official
Advisories have been issued by DG Shipping directing all Indian flag vessels and Indian seafarers to adopt enhanced security measures and strictly comply with reporting protocols, including submission of real-time details. New Delhi: As many as 28 Indian vessels with...
Investors’ wealth tumbles by Rs 5.14 lakh cr as markets plunge nearly 2 pc
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,672.64 crore on Tuesday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 6,333.26 crore. Mumbai:Stock market benchmark indices Sensex and Nifty...
Parthanil Ghosh appointed as MD and CEO of HDFC ERGO General Insurance
Parthanil Ghosh, MD &CEO designate, HDFC ERGO General Insurance Theo Kokkalas, chairman of the Board of Management of ERGO International AG and Chief Operating Officer of ERGO International said“India is a strategic growth market for us, playing a significant role...
Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report
According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of "Digital Lutera" is being discussed, distributed, and operationalised. New Delhi: Online fraudsters...
Govt undertaking special drive to enable cooperative banks to become insurance distributors: Amit Shah
Amit Shah,Union Minister for Home and Cooperation Under the campaign, in alignment with the goal of Insurance for All by 2047 and to realise the vision of Sahakar se Samriddhi, a special drive has been undertaken by the Ministry of Cooperation to enable Cooperative...
SC allows passive euthanasia for 32-year-old man in coma for over 12 years
Harish Rana suffered head injuries after falling from the fourth floor of a building in 2013 and has been in a coma for over a decade.A bench of Justices J B Pardiwala and K V Viswanathan directed AIIMS to grant admission in palliative care to Rana so that the medical...
Engagement with global stakeholders essential for building a resilient and forward-looking Indian insurance ecosystem:Seth
“Engaging with international stakeholders allows us to better understand global perspectives,share our regulatory approach and better align with evolving market dynamics,” Seth said while addressing a virtual engagement organised by the IRDAI, in collaboration with...
Shriram General Insurance launches Shri Health Suraksha 2.0
Shriram General Insurance Company (SGI) today announced the launch of Shri Health Suraksha 2.0, an enhanced health insurance suite engineered for greater flexibility and "all-inclusive" protection.Key Features of Shri Health Suraksha 2.0:Automatically restores the sum...
Looking to help exporters at insurance front to deal West Asia crisis: Goyal
``We are looking for developing some new schemes like insurance support… We are consulting ECGC (Export Credit Guarantee Corporation) and other departments on that," Commerce and Industry Minister Piyush Goyal NEW DELHI: Commerce and Industry Minister Piyush Goyal on...
Wedding Insurance:Securing bride’s dream day
In 2024–25, the average Indian wedding cost has risen to nearly ₹30–35 lakh, with families embracing multi-day functions, couture fashion, and immersive décor and destination venues. Financial mindfulness is becoming a natural part of wedding preparation, ensuring...
Indian Non-Life Insurance Industry:Poised for significant growth in FY2026 & beyond
Notwithstanding geopolitical tensions and external headwinds, the Indian non-life insurance sector is projected to grow between 13-15% on an annual basis over the near term as consumer demand rises in step with the country’s economic growth momentum. Sharad Mathur,...
Zurich Insurance to buy Generali’s Iris unit for €337 million ($389 million) in cash
Zurich said the purchase will make it a top-three provider of life and non-life insurance in Ireland, where it has served customers for more than 75 years. The deal comes a week after the Swiss company made a firm bid for specialty insurer Beazley Plc and started a $5...
Frame no-fault compensation policy for serious adverse events after Covid vaccination: SC to Centre
The top court delivered its verdict on pleas, including the one which alleged that two women lost their lives in 2021 after taking the first dose of the Covishield vaccine. The plea alleged that both of them suffered from severe adverse effects following immunisation....
Middle East Crisis: How US-Israeli war on Iran is upending global business
The war has closed much of the region’s airspace and crippled Dubai and Doha airports, two of the world’s busiest transit hubs, stranded tens of thousands of passengers and forced airlines to cancel about 40,000 flights–the travel industry’s biggest disruption since...
IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act
Ajay Seth, Chairman, IRDAI In order to expedite the regulatory alignment process and incorporating reforms of SBSR Act(the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, the IRDAI granted in-principle approval for drafting and publishing the draft...