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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...
Airbus issues major A320 recall, threatening global flight disruption
The advisory follows an unnerving incident on Oct. 30 involving a JetBlue plane flying from Cancun to Newark, New Jersey, that suffered a computer glitch, resulting in a sudden unexpected downward pitch without pilot input. Nobody was injured, and the jet diverted to...
DGCA asks Indian operators to immediately carry out requisite software upgrades in 338 A320 family aircraft
Airbus said intense solar radiation might corrupt data critical to flight controls in a significant number of A320 family aircraft and that the software changes required to fix the issue would lead to operational disruptions New Delhi: As many as 338 A320 family...
AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to Neal, who had been set to join the company as president in December, after learning that the executive was being investigated at his former employer, Lloyd’s of London, the Wall Street Journal...
Sri Lanka shuts offices, schools as 56 killed due to floods and landslides
More than 25 people were killed Thursday in landslides in the central mountainous tea-growing regions of Badulla and Nuwara Eliya, which is about 300 kilometres east of the capital, Colombo. Another 21 people were missing and 14 were injured in the Badulla and Nuwara...