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Lok Sabha passes SHANTI Bill to modernise, open up nuclear energy sector for private participation
The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the Central Government...
SEBI announces major market reforms; slashes mutual fund and brokerage costs
A major reform announced by the Board relates to mutual fund expenses. The market regulator approved a comprehensive overhaul of the Mutual Fund Expense Ratio framework, including a reduction in base expense ratio limits across categories Mumbai:The Securities and...
Capital infusion has helped 3 PSU general insurance cos to improve their business performance, says Sitharaman
``The capital infusion was meant to build their business and strengthen them. So as a result of these, the performance of all these companies has started improving and their losses have come down. In fact, two of the three companies in which capital was infused have...
UK specialist re/insurance broker BMS Group strikes strategic partnership with Berns Brett India
Subject to Regulatory approval, Berns Brett India will be rebranded BMS (India) Ltd. Nick Gillett, CEO of BMS International, commented,“BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in...
Cyber crimes surge over 60 pc in last three years: Centre
Minister of State (MoS) for Home Affairs Bandi Sanjay Kumar said that more than Rs 7,130 crore has been saved since 2021 through timely reporting on the Citizen Financial Cyber Fraud Reporting and Management System, covering over 23.02 lakh complaints. Additionally,...
Insurance industry must adopt ‘1600’ calling series by Feb 15, 2026: TRAI
TRAI's direction requires IRDAI‑regulated firms to use 1600‑series numbers for service and transactional calls to enhance consumer trust, curb spam and prevent voice‑call fraud, an official statement said. New Delhi: The Telecom Regulatory Authority of India (TRAI)...
Parliament passes Insurance Amendment Bill, 2025,paves the way for 100% FDI in insurance cos
Nirmala Sitharaman,Finance Minister The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha Finance Minister Nirmala Sitharaman cited data saying jobs in the...
India Inc projected to see 9 pc salary growth in 2026: Mercer Report
Adding to this, implementation of newly approved Labour Codes will tighten the social security net as well as preventive health care, at large, the report highlighted New Delhi: Average employee salaries in India are set for a median increase of 9 per cent in 2026, a...
India one of the most optimistic consumer markets globally: BCG report
The report also highlighted that Millennials and Gen X in India are feeling more secure than Gen Z about their personal financial situation. With age and experience on their side, and accumulated assets and bank balance over the years, Millennials & Gen X seem to...
Total global insured losses in 2025 at $107 billion, 24% lower than $141 billion recorded in 2024
Balz Grollimund, Swiss Re's Head Catastrophe Perils, says: "We are observing a steady rise in losses from severe convective storms. Urbanisation in hazard-prone areas, rising asset values, higher construction costs and factors such as ageing roofs have made these...
Cyclone Ditwah causes nearly Rs 75 billion damage to Sri Lanka’s infrastructure
It was pointed out that some 316 roads and 40 bridges under the purview of the Road Development Authority have been damaged. Colombo: Sri Lanka's Road Development Authority has incurred a loss of nearly Rs 75 billion due to the destruction of roads and bridges caused...
Malaysia’s largest online insurance aggregator mulls IPO in next two years
The success of Ant Group Co., the operator of China’s ubiquitous financial services app Alipay, inspired Low to start Bjak in 2019. While insurance technology is well established in markets like the UK, it is at different stages of maturity across Asia, he said.Bjak...
Trump sues BBC for up to $10 billion in damages over speech edit
Trump, in his lawsuit filed on Monday in Miami federal court, said the BBC despite its apology “has made no showing of actual remorse for its wrongdoing nor meaningful institutional changes to prevent future journalistic abuses”. President Donald Trump sued the BBC...
NPS exit rules for non-govt subscribers eased to allow up to 80 pc lump sum withdrawals
Under the revised framework for corpus exceeding Rs 12 lakh, the new rule is shifted to 80:20, allowing non-government subscribers to take up to 80 per cent as a lump sum while requiring only 20 per cent of the pension wealth to be used for purchasing an annuity,...
100% FDI:Lok Sabha passes Insurance Amendment Bill in one day
Finance minister Sitharaman, while speaking in the Lok Sabha, said, “IRDAI being empowered to disgorge wrongful gains made by insurers and distribute them to affected insurance policyholders.We are asking regulators to rationalise the penalty.” The government is yet...
SC agrees to hear plea against Kerala HC verdict that issued guidelines for clinical establishments
Issuing a slew of guidelines, the high court had said each clinical establishment shall prominently display, in Malayalam as well as in English, at the reception or admission desk and on its official website -- a list of the services offered and the baseline and...
Sithraman tables Insurance Amendment Bill, 2025 in Lok Sabha
Nirmala Sitharaman,Union Finance Minister "We want the regulator (Insurance Regulatory and Development Authority of India) also to be more robust. We have taken measures around this in the amendment ranging from better regulatory oversight, ease of compliance,...
HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...