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Sitharman meets trade unions for pre-budgetary consultations
The unions demanded that the government must withdraw the proposal permitting 100% FDI in the insurance sector and stop the privatisation of Life Insurance Corporation and the four PSU general insurance companies New Delhi: Finance Minister Nirmala Sitharaman has met...
Volcanic ash disrupts air travel: Multiple flights cancelled in India
“Following the recent eruption of the #HayliGubbi volcano in #Ethiopia, ash clouds are reported to be drifting towards parts of western India,” IndiGo said in a post on social media platform X. New Delhi: Air travel in India has faced disruptions after a volcanic ash...
Indian banks consider financing Russian oil from non-sanctioned sellers
That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. Banks in India are now willing to...
Delhi records worst air pollution, 447 Indian districts fail air quality test
The report by the independent research organisation Centre for Research on Energy and Clean Air said Chandigarh recorded the second-highest annual average PM2.5 level at 70 micrograms per cubic metre during the study period from March 2024 to February 2025, followed...
Blackstone owned Ace Insurance Brokers make 3 sr level appointments
Blackstone owned Ace Insurance Brokers has made three senior level appointments. The company has appointed Arvind Laddha from Mercer as president. Puneet Kumar, former CFO at Insurance Dekho has joined the company as CFO.Puneet Khurana,previously group head of HR at...
DGCA issues advisory as volcanic ash from Ethiopia triggers flight disruptions
The advisory comes after the Hayli Gubbi volcano in Ethiopia erupted for the first time in nearly 10,000 years on Sunday, sending a massive ash plume across the Red Sea toward Oman and Yemen before drifting further east. Authorities are continuing to monitor the...
HDFC Pension’s AUM crosses Rs1,50,000 cr
Sriram Iyer, Managing Director & CEO of HDFC Pension, stated, “ NPS is a product that is designed for Indians keeping in mind their long-term needs. The recent changes have made the product even more customer-friendly. Our new schemes are designed to meet diverse...
Kotak Life’s assets under management crosses Rs 1 lakh crore in 25 yrs
Mahesh Balasubramanian, managing director, Kotak Life With a conservation ratio of 86.26%, Kotak Life demonstrates strong customer retention and long-term engagement Mumbai: Kotak Mahindra Life Insurance Company Limited (Kotak Life) has achieved a landmark milestone,...
New labour Codes vow to make India’s workplaces safer, fairer, equitable for women
Union Labour and Employment Minister Mansukh Mandaviya said that these Codes are both pro-worker and pro-growth, establishing a strong foundation for universal social security, fair and timely wages, safer workplaces, formal recognition for emerging segments such as...
95 pc families of AI 171 crash received interim compensation, says Air India CEO
About 70 of the families have also received the ex gratia payment from the AI 171 memorial trust, with another 50 or so in the process of being dispersed, and we continue to reach out to the families of those affected, both as Air India and as Tata Sons, to offer the...
Tankers rate hit new high amid US sanctions
Figures from analytics firm Kpler suggest that close to 48 million barrels of Rosneft and Lukoil crude — mostly Urals and ESPO grades — are currently in transit or beginning to load. That includes roughly 50 tankers pointing toward China and India, but also others...
Decoding New Labour Laws:Enhancing worker welfare & ease of doing business
The labour codes establish distinct definitions for 'employee' and 'worker,' with specific benefits and provisions applicable only to 'workers.' The definition of 'worker' closely aligns with the term 'workman' under the Industrial Disputes Act, 1947, encompassing...
US court of appeals upholds USD 194 mn damages against TCS in CSC DXC trade secrets dispute
In June last year, a US court had ruled that TCS is liable for misappropriation of trade secrets and levied penal charges of around USD 194 million on the IT major. The company is evaluating various options, including review and appeal before appropriate courts, and...
Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government Directory (LGD) codes, creating a unified, verifiable database for rural identification. Through the Bima Gram API, insurers can now simply enter a customer’s postal PIN code to retrieve the corresponding...
Delhi tribunal awards Rs 1.1-crore compensation to family of serviceman killed in crash
Presiding officer Sudeep Raj Saini observed that merely because the deceased was riding his two-wheeler under the influence of alcohol, it did not automatically establish contributory negligence on his part. New Delhi: A motor accident claims tribunal here has awarded...
IRDAI chairman Seth meets Indian reinsurers
Ajay Seth, chairman,IRDAI ``It was an introductory meeting and had no specific agenda. Seth wanted to know the state of affair in the Indian reinsurance industry,’’ said one of the CEOs who had attended the meeting Mumbai: After meeting life and non-life insurers...
Jitters over AI spending set to grow as US tech giants flood bond market
Since September, public bond issuance by four of the major cloud computing and AI platform companies known as "hyperscalers" has hit nearly $90 billion, with Google owner Alphabet selling $25 billion in bonds, Meta $30 billion, Oracle $18 billion, and Amazon, the most...
UN climate deal increases money to countries hit by climate change, but no explicit fossil fuel plan
“I cannot pretend that COP30 has delivered everything that is needed. The gap between where we are and what science demands remains dangerously wide.”U.N. Secretary-General Antonio Guterres BELEM, Brazil: After two weeks of negotiations, this year’s United Nations...