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India needs $22.7 trillion investment to achieve net zero target by 2070: Niti study
Of the total, approximately USD 8 trillion must be front-loaded by 2050, including nearly USD 5 trillion in the power sector, given the capital-intensive nature of most low-carbon technologies. New Delhi: India will need investments totalling USD 22.7 trillion to...
Aviation regulator DGCA issued 352 show cause notices to airlines for violations in last 2 years
A total of 352 show cause notices were issued and out of them, penalties were imposed on the airlines concerned with respect to 139 notices, according to the data furnished as part of a written reply by Minister of State for Civil Aviation Murlidhar Mohol. New Delhi:...
Kanpur Lamborghini crash adds to long list of luxury car accidents in India
New Delhi: Speed, privilege and unaccountability. The Kanpur Lamborghini crash, involving a tobacco businessman’s son, that left at least six injured has fuelled outrage over perceived elite impunity and once again drawn attention to a series of high-profile crashes...
SC terms siphoning of over Rs 54,000 cr by digital fraud ‘dacoity’, asks Centre to frame SoP
Noting that such offences may be due to either collusion by or the negligence of bank officials, the top court stressed the need for timely actions from the RBI and the banks. Issuing a slew of fresh directions, it asked the Ministry of Home Affairs to consider the...
Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said, “Public-private insurance programmes can’t just be passive shock absorbers that pay out after disaster strikes. To remain viable in a world of escalating risks, they must become resilience engines –...
General Insurers’ total Jan premium rises 15% to Rs 33,346 crore
With another two months, February and March, to go before the current fiscal, FY 26, comes to an end , the industry’s total premium has already exceeded Rs 2.83 trillion till January whereas in FY 25,the industry’s total premium was over Rs 3.07 trillion Mumbai:Post...
India expected to see surge in Parkinson’s disease, becoming 2nd-highest in 5 yrs
With a prevalence rate of 15-43 per 100,000, India is experiencing a surge, with cases projected to increase significantly by 2030. A significant portion (40-45%) of Indian cases are early-onset, occurring between ages 22 and 49, with an average onset age of roughly...
Cybersecurity breaches emerge as top risk for India Inc: FICCI-EY Survey
"Organisations are navigating a phase where multiple risks are converging rather than occurring in isolation. Inflation, cyber threats, AI governance, climate exposure and regulatory change are interacting in ways that directly influence India Inc’s performance and...
Shipbuilding, highways, metro projects to be key focus sectors for FY27 capex: Official
"Shipbuilding has become an infrastructure sector, and will also now be a big player. We are very keen to improve our share in shipbuilding (globally). Of India's import-export cargo, just about 5 per cent goes on India-owned ships. About Rs 6 lakh crore (annually) is...
Govt to constitute high-level panel on banking soon: FM
Nirmala Sitharaman,Finance Minister "I propose setting up a 'High Level Committee on Banking for Viksit Bharat' to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused on leveraging our risk selection capabilities to drive profitable, high-quality growth. Going forward, the Indian general insurance (non-life) sector is expected to grow at more than 8 per cent in...
EU needs regulations to manage growing security risks posed by Chinese intelligent vehicles
Intelligent cars, typically electric or hybrid vehicles, allow for expansive data to be collected including geospatial and personal data, Warsaw-based Center for Eastern Studies said. That leaves European countries vulnerable to cyberattack and exposed to the risk...
South Korean insurance majors eye Indian market
Samsung and Hyundai Marine & Fire are interested in potentially entering the non‑life insurance sector, the first source said, while Mirae Asset Financial Group is focusing on life insurance. Mumbai:After Korean Re, South Korean firms Samsung Fire & Marine...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s approval for seeking approvals from PFRDA, IFSCA and IRDAI is a pivotal step as there is a pressing need for dedicated pension solutions in India, and a PFM company will allow us to offer a complete...
Banks will pay deposit insurance premiums linked to their risk profile from Apr 1
Under the new framework, banks will be assessed using financial and supervisory indicators such as capital strength, asset quality, earnings and liquidity, as well as the potential loss their failure could impose on the deposit insurance fund, the RBI said. Mumbai:...
Law must remain responsive to lived human realities, says SC; enhances compensation
“If the law is capable of recognising anticipated economic progression as a valid loss, it is not too clear why emotional deprivation manifested in loss of love and affection must be viewed as an impermissible head, especially when Chapter XII of the Act (Motor...
RBI announces Rs 25k compensation to bank customers hit by digital fraud
"As long as (the customers) are defrauded whether on their own accord or anyone else's accord, no questions asked… we will compensate them as long as it is unintended,"Reserve Bank Governor Sanjay Malhotra MUMBAI: Amid growing digital fraud, the Reserve Bank on...
Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long period of time (and) they will go down even further," Malhotra said in a post-monetary press conference. Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low...