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Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore
"Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 2.5% equity with an additional 4% as a green shoe option. Floor price has been fixed as Rs 382 per share. This will help achieve MPS...
GI Council defends fever admission advisory, says it controls misuse by hospitals and inflating of premiums
Between 2019 and 2024, unnecessary hospital admissions have surged dramatically. Data shows Rs 94,247.6 crore in total health claims settled in 2024–25, with cashless-only admissions accounting for 66.4 per cent of the volume.The insurance industry receives hundreds...
No plan to monetise subsidiaries, focus on enhancing their value: PNB MD
He said all subsidiaries also are well capitalised whether the PNB MetLife India Insurance, PNB Housing Finance or PNB Gilts. NEW DELHI: With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries,...
India forecasts below-average August monsoon rainfall
Mrutyunjay Mohapatra, director-genera,India Meteorological Department, Moderate El Nino conditions are prevailing and are expected to strengthen gradually, with the weather pattern likely to become strong by September MUMBAI: India is likely to receive below-average...
FSSAI acts against liquor makers over flavour, labelling violations
The Ministry said laboratory testing of rum and whisky samples from multiple manufacturers found the presence of external artificial or nature-identical flavours. It quoted laboratory findings as saying that "the addition of artificial flavours is masking its natural...
Ebola outbreak in DR Congo spiralling out of control: WHO
The continued increase in cases, expanding geographic spread, and persistently high mortality underscore the rapidly evolving nature of this public health emergency. The World Health Organisation (WHO) has warned that the Ebola outbreak in the Democratic Republic of...
India records over 265 million cyberattack attempts: Report
It noted that the Indian Computer Emergency Response Team (CERT-In) recorded more than 29.44 lakh cybersecurity incidents in 2025. India's rapidly expanding digital ecosystem is facing an increasingly sophisticated wave of cyber threats, with more than 265 million...
India’s passenger vehicle market logs robust July sales at nearly 4.7 lakh units
Overall, passenger vehicle industry witnessed robust growth in July as leading automakers posted strong year-on-year sales, led by sustained demand for SUVs, a sharp rise in electric vehicle sales and healthy export momentum. New Delhi:Buoyed by tax relief and GST...
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Drone strike in Egypt sparks security concerns about Suez oil exports
"The passage through the Red Sea, even via the longer Mediterranean route, could be put at risk, which threatens up to five million barrels per day of oil supply that can currently bypass the Strait of Hormuz," said Saul Kavonic, head of energy research at advisory...
India’s auto sector posts robust July sales on sustained SUV demand
The July sales performance indicates that demand for sport utility vehicles continues to drive growth in the domestic passenger vehicle market, while rising exports and strong electric vehicle sales are providing additional momentum for automakers. New Delhi: India's...
CBI files Rs 1,816 crore EPFO investment fraud case against Reliance Capital
The CBI statement further said that it may also be recalled that it has earlier registered seven FIRs against Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL) and Reliance Telecom Limited (RTL) on...
Saudi Arabia unveils plans for multinational maritime defence coalition
The coalition would strengthen maritime security, safeguard freedom of navigation, secure international trade routes and energy supply lines, and protect shared maritime interests in the Bab el-Mandeb Strait and the Gulf of Aden. Saudi Arabia on Thursday unveiled...
AI to reshape insurance economics, drive scale and specialisation: McKinsey
The report said insurers will increasingly have to choose between competing through scale and cost or through deep specialisation, while building the technology, data and operating capabilities required to respond at "technology speed". Companies that delay AI...
Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry, flammable conditions that are extremely conducive to wildfires," said Clair Barnes, a research associate in extreme weather at Imperial College London, who co-authored the WWA analysis. BRUSSELS:...
Poor application of norms cause of accidents at explosives and ammunition making units: Secretary
Sanjeev Kumar, Secretary, Department of Defence Production Addressing a seminar in Pune on 'Military Explosives & Propellants -- Safety and Compliance and Quality Assurance, Defence Production', Sanjeev Kumar, Secretary, Department of Defence Production, said the...
Japan earthquake halts auto and chip plants, testing supply chain resilience
Given Japan’s proneness to natural disasters, manufacturers have for decades sought to strengthen the resilience of parts supply and this latest quake, which has claimed the lives of 34 people, will be a test of how robust their efforts have been. The 7.1-magnitude...
Insurers are ‘Actively Evaluating’ new catastrophe risks as Europe burns
Historical data no longer provide an adequate foundation on which to base loss probabilities, which is why the industry now relies “heavily” on forward-looking scenario analysis, Aon’s Bruce said. And Europe’s ability to generate reliable catastrophe risk models will...