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SBI Life net profit falls marginally to Rs 804.64 crore in Q426
Amit Jhingran, Managing Director and Chief Executive Officer, said the life insurance industry witnessed improved momentum during FY26, supported by recent regulatory measures and a shift in customer preference towards protection-oriented products. He added that the...
RBI approves Debasish Panda as Bandhan Bank’s part-time chairman
Debasish Panda, part-time chairman, Bandhan Bank The Reserve Bank of India has granted its prior approval for the appointment of Debasish Panda, former chairman of IRDAI as part-time chairman (PTC) of Bandhan Bank, for a period of three years with effect from the date...
Jio Finance and Allianz form 50:50 JV for non-life biz in India
Mukesh D. Ambani, chairman and MD, Reliance Industries and promoter of Jio Finance JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India. Mukesh D. Ambani, chairman of Reliance Industries and promoter of Jio...
Abu Dhabi National Insurance launches reinsurance branch in India’s GIFT City
Charalampos Mylonas, chief executive officer, ADNIC, said, “Receiving the licence to operate in GIFT City represents an important milestone in ADNIC’s international growth journey. It reinforces our long-term commitment to supporting clients and partners in India,...
HDFC Life Insurance approves extension of Vibha Padalkar as MD & CEO for 5 years
Vibha Padalkar,Managing Director & Chief Executive Officer Mumbai:HDFC Life Insurance on Tuesday said the company has approved the extension of Vibha Padalkar as the Managing Director & Chief Executive Officer for a period of five years. The extension is based...
Second maternity leave can’t be denied merely because sought within 2 years of first: Allahabad HC
Referring to earlier rulings, the high court said that the Maternity Benefit Act, being a law enacted by Parliament, would prevail over any executive instructions or provisions in the financial handbook. In case of inconsistency, the provisions of the Act would have...
Trump extends Iran ceasefire indefinitely,Hormuz blockade to continue
US President Donald Trump Trump posted on social media that he would "extend the Ceasefire" until Iran came up with a proposal to end the conflict Washington:President Donald Trump on Tuesday said he was extending a ceasefire with Iran to give more time for...
Iran yet to decide on whether to attend talks as ceasefire deadline ticks down
President Donald Trump said he hoped to reach a "great deal" to end the war, but he did not want to extend the ceasefire, and said the U.S. military was "raring to go" if negotiations were not successful. WASHINGTON/CAIRO/ISLAMABAD:Iran said on Tuesday it had still...
Record 165 GW of wind power capacity added in 2025, led by China, report says
Asia, led by China and India, commissioned 131 GW of new capacity, which was 80% of the global total. China made up the bulk of that, adding a record 120.5 GW of new wind capacity. Europe was the second-highest region for installations, commissioning 19 GW of new...
Scam messages offering ships safe transit through Hormuz, security firm warns
MARISKS on Monday issued an alert warning shipowners that unknown actors, claiming to represent Iranian authorities, had sent some shipping companies a message demanding transit fees in cryptocurrencies, Bitcoin or Tether, for “clearance”. “These specific messages are...
Middle East Conflict: Consequences for Asian construction industry
Geopolitical risk is becoming structural rather than episodic. Construction organisations can no longer treat geopolitical disruption as a low probability event managed through generic forcemajeure clauses. Instead, it is increasingly influencing project feasibility,...
MS Amlin launches new Lloyd’s sub-syndicate targeting innovative growth
s1673 forms part of MS Amlin’s plans to achieve sustainable growth by leveraging the strength of its parent’s group network and pursuing new opportunities alongside innovative distribution approaches. London: MS Amlin, the Lloyd’s global specialist (re)insurer, has...
Anna Ziswiler appointed as Swiss Re’s Head P&C Reinsurance Southeast Asia,India,Hong Kong,Taiwan and Korea
Anna Ziswiler, Head P&C Reinsurance-designate, Southeast Asia,India,Hong Kong,Taiwan and Korea, Swiss Re Anna Ziswiler will also serve as Country President for Singapore, Malaysia, Hong Kong, Korea, and India. She currently leads Swiss Re's P&C Re business in...
Fire doused at HPCL Rajasthan Refinery, Re/insured by Oriental Insurance and Swiss Re
The refinery-cum-petrochemical complex, which was scheduled to begin commercial operations from July 1, after being inaugurated by by Prime Minister Narendra Modi.on Tuesday, has an Advance Loss of Profit (ALOP) cover New Delhi:The newly built Rs 79,450-crore...
Health insurance covers about 47% in rural and 44% in urban India:Govt Survey
The Indian government's survey findings have shown the estimated average out-of-pocket medical expenditure per hospitalization case (excluding childbirth) during the last 365 days was about ₹34,064 (₹31,484 in rural and ₹38,688 in urban), while the median...
West Asia Conflict:Trump says Iran truce extension unlikely, Hormuz to stay blocked
US President Donald Trump Details about the next negotiating session, expected to take place in Pakistan, started to came into focus on Monday. Iran is also sending a team, according to people familiar with the plans who declined to be identified. Earlier, Tehran said...
Asian regulators stepping up banks’ cybersecurity risks amid Mythos AI Fears
Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met to review and discuss how to respond to the risks. In Australia, authorities expect lenders to be vigilant to ensure clients aren’t put at risk by...
India’s GIFT City finance hub grants first family office permit
The step underscores GIFT City’s aim to build a globally competitive and flexible regulatory ecosystem for foreign family offices and private wealth structures, the GIFT City financial regulatory authority said MUMBAI: India's Gujarat International Finance Tec-City...