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Wage revision of PSU Gen Insurance Cos: Govt approves 30% family pension scheme,14% employer’s NPS contribution along with 14% wage hike
Girija Subramanian, CMD, New India Assurance and chairperson of GIPSA GIPSA chairperson Girija Subramanian, in a meeting with unions, has confirmed that the Department of Financial Services (DFS) has moved ahead with the notification with 14 per cent wage hike GIPSA...
Only 23% of India’s elderly in post-retirement work despite 73% showing interest: Survey
"India's elderly aspire not only for financial stability but also dignity, respect and purpose. Unlocking this potential through policy, corporate innovation, and family support can transform retirement from dependency to empowerment," Himanshu Rath, Founder Chairman...
India’s livestock sector clocks 12.77 CAGR, contributes 5.5 pc to economy: Minister
Union Minister of Fisheries, Animal Husbandry and Dairying, Rajiv Ranjan Singh highlighted that India is today the world’s largest producer of milk, accounting for nearly 25 per cent of global output with an annual production of 239 million tonnes. India is also the...
India added more than 1 billionaire every week in 2025: Hurun Report
Remarkably, the top 10 alone hold wealth equal to 28 per cent of the rest of the entire list, the list showed. Startups have emerged as a strong driver of wealth creation, with 97 startup founders making it to the 2025 list.On the demographic side, Mumbai continues to...
Vietnam estimates property damage from Typhoon Bualoi at $303 mln
Bualoi made landfall on Monday in northern central Vietnam, bringing huge sea swells, strong winds and heavy rains that have killed at least 29 people and left 22 others missing, according to the disaster management agency report. HANOI: Vietnam's government said...
Death toll rises to 69 after a 6.9 magnitude earthquake strikes central Philippines
The Southeast Asian archipelago is one of the most seismically vulnerable countries on the planet, often experiencing more than 1,000 quakes a year A magnitude 6.9 earthquake struck in waters near the island of Cebu in the central Philippines late on Tuesday, the...
Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new reality: volatility and uncertainty are now constants for organizations. From evolving tariffs to shifting alliances, these forces directly impact organizations' balance sheets. Building resilience...
RBI holds rates to assess policy impact, projects higher GDP
Sanjay Malhotra, governor, Reserve Bank of India The central bank raised its GDP growth forecast for the current year to 6.8% compared with its previous estimate of 6.5% It expects inflation in the current financial year to come in at 2.6%, lower than its previous...
HDFC Life launches ‘First Call’ term campaign
HDFC Life, has unveiled a new term insurance campaign titled “First Call.” The campaign ‘First Call’ has two evocative films which portray how moments of vulnerability naturally direct individuals to reach out to those closest to them. It also reminds viewers that...
Markel bolsters International War and Terrorism team with new operations manager
Markel Insurance, today announced the appointment of Clarice Francis as operations manager for War and Terrorism, effective immediately. Based at Markel’s London office, Francis will focus on enhancing operational efficiency within the International War and Terrorism...
NIA receives GST notice
The New India Assurance Company Limited on Tuesday said that it has received a Goods and Services Tax (GST) demand notice of Rs 2,379 crore. The order was issued by the Additional Commissioner of Central GST, Palghar Commissionerate, the company informed in a stock...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
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FSIB recommends R Chander as MD of LIC
The Financial Services Institutions Bureau (FSIB) interviewed five candidates for the positions. LIC has four managing directors besides CEO and MD who heads the life insurance giant. Mumbai: FSIB, the headhunter for directors of state-owned banks and financial...
Boeing in early stages of developing 737 MAX replacement
The U.S. planemaker has also been designing the flight deck of a new narrow-body aircraft, the report said, adding that development remains in the early planning phase, with final decisions yet to be made Boeing is in the early stages of developing a new single-aisle...
OpenAI launches parental controls in ChatGPT after California teen’s suicide
Under the new measures, parents will be able to reduce exposure to sensitive content, control whether ChatGPT remembers past chats, and decide if conversations can be used to train OpenAI's models, the Microsoft-backed company said on X. OpenAI is rolling out parental...
New Zealand makes changes in earthquake-prone buildings its assessment to reduce costs
“While well intentioned, the current system for assessing and managing seismic risk in buildings places an overwhelming financial burden on building owners,” said Penk. “For many buildings, the price of strengthening runs from hundreds of thousands to several million...