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LIC employees requisitioned for census duty: Allahabad HC stays Kanpur Nagar Nigam order
The The Allahabad High Court found the impugned directive prima facie bad in law. It also rejected the stance of the state and the union governments that census operations are of national importance and hence no interim order be passed on the plea. Prayagraj (UP): The...
Iran declares Hormuz closed to all vessels after US strikes
"Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships.Any vessel attempting to transit the strait will be targeted," the IRGC said Iran's Islamic Revolutionary Guard...
NIA rolls out India’s first Motor insurance war risk protection solution
"The Motor War Risk Add-On Cover is designed to bridge a critical protection gap by offering insurance protection against direct physical loss or damage to the insured vehicle arising from war-related events. The cover can also be availed for motor insurance policies...
Commercial vessel attacked off Oman: 3 Indian crew missing
The US Central Command acknowledged the strike on the vessel saying it violated the ongoing US blockade of the Iranian ports by attempting to transport oil from Iran. New Delhi:India on Wednesday summoned the United States charge d'affaires to strongly protest a US...
Dark fleet expands amid Hormuz tensions
The increase in Gulf producers’ ships going dark to sneak through undetected by Iran is at the heart of the rise in flows, coinciding with a period where the US has been helping ships navigate through the waterway. The recent volumes add to signs that the oil market...
US-Iran strikes threaten peace talks
President Donald Trump said he retaliated against the Islamic Republic for shooting down an American Apache helicopter near the Strait of Hormuz. Tehran didn’t confirm shooting down the aircraft and said it was reconsidering whether to persist with negotiations in...
El Niño Emerges, Threatening Crops and Livelihoods
El Niño is characterized by a warming of the Pacific Ocean that alters global weather patterns, which can damage crops and strain power grids. Even before the declaration, its impact has been felt across various regions, from a delayed start to the Indian monsoon to a...
CCI okays Sanlam Group’s proposal for stake purchase in Shriram Life Insurance
“The proposed combination envisages acquisition of 2.80 per cent of the expanded equity capital of Shriram Life Insurance Company Ltd (SLIC) through a preferential issue by Sanlam Emerging Markets (Mauritius) Ltd (SEMM),” the regulator said in a release. New Delhi:...
Electric passenger vehicle retail sales jump 81.20 pc to 26,682 units in May: FADA
"A notable feature of the month was the consumer response to May fuel-price revisions: dealers reported a visible rise in enquiries for fuel-efficient and alternative-powertrain options, reflected in the two-wheeler EV share climbing to 9.25 per cent from 6.11 per...
Indian cancer patients battle shortage of key drugs as platinum costs surge
Doctors and drug distributors said supplies of drugs such as cisplatin and carboplatin, used to treat cancers of the lung, ovaries and gall bladder, have been tight in recent weeks. Kumar Ajit spent more than a week calling dozens of pharmacies in India before he...
India’s ship certifier takes tougher stance on sanctioned tankers
Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation's Executive Chairman Arun Sharma said. LONDON:India's ship safety certifier is taking a tougher stance on vessels...
Beyond the tragedy:Families of AI 171 crash victims grapple with flight fears, anxiety
For many families and eyewitnesses, the tragedy did not end with the crash. Ahmedabad: Almost a year after the AI 171 plane crash in Ahmedabad claimed 260 lives, grief has not faded for the victims’ families as some still fear boarding a flight, while others are...
India’s Construction Sector: Insurers increase focus on risk and project governance, Aon report
“India remains a dynamic and rapidly expanding construction market within the Asia Pacific region. Large-scale developments face a range of natural hazards, including floods and earthquakes, with increasing focus on robust risk management from the outset. To navigate...
Latur tribunal cancels gift deed after man fails to take care of 89-year-old grandmother
After examining the gift deed, documentary evidence and submissions from both sides, the tribunal observed that the obligation to maintain and care for senior citizens is not merely a moral responsibility, but a legally enforceable condition when property is...
UK’s IGI secures license to operate in India’s GIFT City
``This also furthers our diversification, and our strategy of having a physical presence in our key regions around the world. We look forward to building a strong local team and supporting both facultative and specialty treaty reinsurance clients in this fast-growing...
Maximum Information launches PsiClone ahead of North Atlantic hurricane season
“PsiClone is designed to help close that gap by connecting live forecast data directly to exposure monitoring and operational decision-making. The goal is to help insurers and stakeholders respond earlier and reduce the time to payout when it matters most,''Tom Philp,...
India set to become the world’s 3rd largest economy by 2031: S&P
While robust corporate and banking sectors provide a vital cushion against immediate shocks, maintaining India’s upward trajectory will require deft management of energy security, fiscal resilience, regulatory interventions and trade diversification, suggested...
Iran, Israel hold fire temporarily
Tehran has continued to block most shipping through the Strait of Hormuz, which before the war carried a fifth of the world's crude oil and liquefied natural gas. Washington has imposed its own blockade of Iranian ports. DUBAI/JERUSALEM: Iran and Israel said on...