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Automobile retail sales sustain momentum in Nov as demand remains robust
"GST rate cuts coupled with OEM-dealer retail offers continued pulling customers to showrooms, enabling sustained footfalls beyond the festive period. Price reductions across categories, which ignited strong buying in October, continued to support conversions in...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak economic growth and volatile financial markets, but robust underwriting and new business generation, high reinvestment yields, and strong capitalisation will support insurers. Stockholm/Paris/London:...
Nearly 24 lakh households have adopted rooftop solar as of December 2025 under PM Surya Ghar
Over the past decade, India has seen a sharp rise in solar installations, helping double the country's total electricity capacity. Solar power now stands at 129 GW, while the overall non-fossil capacity has crossed 259 GW as of October 2025. This means more than half...
Airbus Fleet Recall: Space weather in focus
The recall by Airbus could well "set a major precedent" by signalling that space weather needs to be given more importance for aircraft safety Space weather in focus after Airbus fleet recall experts raise questions about solar flare theory Aerospace giant Airbus...
Jan Dhan accounts now hold Rs 2.75 lakh crore
M. Nagaraju, Secretary, Department of Financial Services. About 78.2 per cent of these accounts are located in rural or semi-urban areas, while women hold around 50 per cent of them New Delhi: India’s financial inclusion drive has reached a major milestone, with Jan...
IndiGo board’s crisis management group regularly monitoring situation: Airline
The statement came a day after the IndiGo CEO Pieter Elbers and COO and Accountable Manager Isidro Porqueras received DGCA notices, seeking explanations within 24 hours on the massive flight disruptions. Authorities will take appropriate action in the matter of the...
25 killed, 6 injured in fire at nightclub in Goa
As per initial information, the nightclub had not abided by the fire safety norms, Chief Minister Pramod Sawant said. Panaji:At least 25 persons were killed and six others suffered injuries in a massive fire that erupted at a nightclub in North Goa after midnight on...
Indian investigators to meet US experts to sahre Air India crash details
The Indian investigators plan to share their findings, including any information gleaned from the plane’s cockpit voice and flight data recorders, according to a person familiar with the meeting. India’s Aircraft Accident Investigation Bureau has been leading the...
Swiss Re open to inorganic opportunities,says CEO Berger
“We are open to inorganic opportunities,” Swiss Re CEO Andreas Berger told analysts at its investor day. “I’d like to keep some powder dry.” Zurich: Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that...
GST Cut Impact: General insurance industry premium surges 25% to Rs 26,900 crore in Nov
``Strong rebound in automobile sales and improving consumer confidence following the GST rationalisation in the sector, has provided another leg to overall growth. As both health and motor lines, two top portfolios in the industry, are expected to grow at a healthy...
Deadly floods’ $20 billion toll shows Asia’s rising climate risk
“Climate change is undeniably fueling more severe flooding in Southeast Asia,” said Davide Faranda, research director in climate physics at the French National Center for Scientific Research who led a study on Vietnam’s November floods Devastating floods have killed...
Shalini Pandit,JS,DFS,replaces Goyal as part-time memeber in IRDAI board
Shalini Pandit, joint secretary,Department of Financial Services Pandit has also been made director on the board of Life Insurance Corporation New Delhi:The Government, on Friday, has changed its nominee directors in the boards of insurance regulator IRDAI, Life...
Road accident deaths rise to 1.77 lakh in 2024: Gadkari
Gadkari said the government has formulated a multi-pronged strategy to address the issue of road safety based on 4E's i.e. Education, Engineering (both of roads and vehicles), Enforcement and Emergency Care.Accordingly, various initiatives have been taken for road...
Hong Kong’s $200 million fire claims manageable for China Taiping Insurance Grp, says Fitch
The incident will trigger multiple coverage types, including property, public liability, employee compensation, group personal accident and numerous home contents claims. It remains too early to quantify total insured losses, insurers and reinsurers to bear most...
Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India together own about 95% in the lender. The government will sell 30.48% of its stake in the bank, while LIC will offload 30.24%, along with transfer of management control. India is poised to seek bids...
Russia’s Rosatom delivers nuclear fuel To Kudankulam plant in Tamil Nadu
These shipments are provided under a contract signed in 2024, which includes fuel supply for the third and fourth VVER-1000 reactors of the Kudankulam plant for the entire service life, starting from initial loading New Delhi: Russia's state-run nuclear corporation on...
Nearly 20 pc cashless treatment requests of road accident victims rejected since March 2024
Union Minister of Road Transport and Highways Nitin Gadkari Under the Cashless Treatment of Road Accident Victims Scheme, 2025, the victims are entitled to cashless treatment up to Rs 1.5 lakh per victim per accident for a maximum period of 7 days from the date of the...
RBI trims policy interest rate by 25bps to 5.25pc, sets higher growth rate at 7.3% for FY 26
The Indian economy is facing a "rare goldilocks" period. Since October, India's economy has experienced rapid disinflation leading to a breach of the central bank's lower threshold of tolerance. Given these macroeconomic conditions, "policy space" exists to support...