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Elon Musk predicts working will become “Optional” like a hobby within 20 years as AI advances rapidly
Musk explained that with accelerating progress in AI and robotics, people may reach a stage where they can choose whether to work or not, similar to choosing whether to grow vegetables at home despite having the option to buy them from a store Washington: Tesla CEO...
SC notice to Centre others on plea raising issue concerning disaster preparedness
The petioners said that the Ministry of Power and others be directed to implement quarterly safety audits, public alert systems and standard operating procedures for infrastructure maintenance, and provide immediate compensation and accountability in case of...
Auto sales remain strong in Nov, Maruti Suzuki records its highest-ever monthly sales at 229,021 units
Commenting on the performance, Tarun Garg, Wholetime Director and Chief Operating Officer at Hyundai Motor India, said the growth was "supported by GST 2.0 reforms," adding that the company's "commitment to bolstering India's role as a global manufacturing hub"...
Govt considering legislative amendments to push private investments in nuclear space: Shripad Naik
Shripad Naik, Minister of State (MoS), Power The Civil Liability for Nuclear Damage Act provides prompt compensation to the victims for damage caused by a nuclear incident through a no-fault liability regime New Delhi: The government is considering amendments to the...
FM says Finance Ministry does not advise LIC on investments, Adani investments as per SOPs
"The Ministry of Finance does not issue any advisory/direction to LIC in connection with matters related to investment of LIC fund.The investment decisions of the state-owned insurer, she said, are taken by "LIC alone following strict due diligence, risk assessment...
Govt orders smartphone makers to preload state-owned cyber safety app
In tackling a recent surge of cyber crime and hacking, India is joining authorities worldwide, most recently in Russia, to frame rules blocking the use of stolen phones for fraud or promoting state-backed government service apps One of the world's largest telephone...
Bangalore hotels body moves HC against mandatory menstrual leave order
The association has questioned the very basis of the order, highlighting that the State itself has not extended such leave to women working in government departments. Bengaluru: The Bangalore Hotels Association (BHA) has filed a petition in the Karnataka High Court...
High-rise Fire: Hong Kong catastrophe shows how difficult it is to evacuate in emergency
Evacuations of high-rises don’t happen every day, but occur often enough. And when they do, the consequences are almost always severe. The stakes are highest in the buildings that are full at predictable times: residential towers at night, office towers in the day....
Death toll hits 212 as Sri Lanka struggles with Cyclone Ditwah impact
In Indonesia, Malaysia and Thailand the death toll mounted to over 600 from floods and landslides caused by across the three countries, officials said on Sunday, as relief efforts for tens of thousands of displaced people continued over the weekend Sri Lanka's death...
Lloyd’s to venture into GIFT-IFSC, to apply for a license from IFSCA soon
This will be Lloyd’s second entry into Indian reinsurance market as it is already present as one of the foreign reinsurance branches(FRBs) in the country. Currently, it has two syndicates,Markel and Volante, in its India operations London/GIFT City: In a...
Insurance, 8 other economic bills to be taken up in Winter Session
As per the list of Bills circulated with the members of Parliament for the upcoming session, the government proposes to introduce The Insurance Laws (Amendment) Bill, 2025, to raise the FDI limit in the insurance sector to 100 per cent, from 74 per cent, as part of...
3rd edition “IFSCA-IRDAI GIFT-City Global Reinsurance Summit on Jan 19, 2026 in Mumbai
The 3rd edition “IFSCA-IRDAI GIFT-City Global Reinsurance Summit” (GRS) under aegis of the Ministry of Finance, Government of India to be held on Jan 19, 2026 at Hotel JW Marriott, Juhu, Mumbai, India.The event bring all stakeholders onto a common platform to discuss...
India’s population to stabilise at at 1.8–1.9 billion by 2080 due to falling fertility rate: IASP
While birth rates are falling, life expectancy continues to rise due to improvements in healthcare.More people are living beyond 60, and this brings new challenges of elderly care, especially as younger people migrate for work. More people are living beyond 60, and...
Jul-Sep quarter GDP surges to 8.2%, India’s strong economic resilience,say experts
The GDP growth came ahead of the festive season consumption boost on the back of the implementation of a significant reduction in the goods and services tax (GST) New Delhi: GDP growth, driven by strong domestic demand, resilient services exports, and low inflation,...
Indian airlines complete software upgrade for 80 pc of 338 affected A320 family planes
A total of 200 IndiGo planes have been affected, and software upgrades have been completed for 184 of them, while in the case of Air India, 113 aircraft have been impacted and upgrades have been done for 69 of them, DGCA data showed.In the case of Air India Express,...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and insurance companies on one financial street as a historic first for any state capital in India Amaravati:Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu on...
Universal Coverage:Rebuilding India’s Health Insurance Architecture
Health insurance sector itself is facing headwinds with 12-15% medical inflation, opaque pricing structure, and strained insurer–hospital relations. Insurers are under stress with combined ratios above 110% and low single-digit RoEs. Cutting GST on health insurance to...
Life Insurance:Driving Product Innovation and Long-Term Sustainability
Along with changing customer needs, expanded datasets and increasing digitisation, the specialized skillset of actuaries is also paving the way for new age personalised and embedded products. Enabled by modern techniques, including machine learning and predictive...