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Landslides, blocked roads hamper flood rescue efforts in Uttarakhand
Weather experts and geologists told media the cause of the havoc needed to be investigated in the absence of heavy rain in the area on Tuesday, adding that they suspected the cause could be a glacial lake outburst flood RISHIKESH: Rescuers battled heavy rain and...
Earnix and Sapiens partner to unlock operational efficiency for P&C insurers in EMEA and APAC
The solution is tailored for insurers in EMEA and APAC. This innovative solution allows insurers to define products and build rates in Earnix, and seamlessly integrate them into modernised workflows in Sapiens IDITSuite’s Platform. Rochelle Park, NJ: Sapiens...
WhatsApp launches ‘Safety Overview’ tool, bans 6.8 mn accounts linked to scam centres
Meta's messaging platform further said it is exploring ways to caution users when they start a chat with someone not in the contacts by showing more context about the person they are messaging to. This, it hopes, will enable informed decisions. New Delhi: WhatsApp has...
Howden Re strengthens regional presence with Dubai license
Howden Re’s expanded Dubai operations will build on its current broking services, with a focus on its treaty, facultative and MGA reinsurance offering and reinforcing its regional growth strategy. London: Howden Re, the global reinsurance, capital markets, and...
Wildfires and severe thunderstorms in the US drive global insured losses to $80 billion in first half of 2025
The wildfires that swept through parts of Los Angeles County in January constitute the largest-ever insured wildfire loss event by far, resulting in estimated insured losses of USD 40 billion. Zurich: Global insured losses from natural catastrophes reach USD 80...
Rising AI-driven cyber attacks and geopolitical tensions hit India Inc, says Aon
Prasanna Kumar, head of cyber solutions for India at Aon, said, “We are witnessing India adopt AI at a rapid pace, which brings a host of new risks. Data poisoning attacks can compromise the integrity of critical AI systems and deepfake technology is now being used to...
SBI Life’s corporate agency partnership with AU Small Finance Bank
SBI Life Insurance has entered a strategic corporate agency partnership with AU Small Finance Bank, the country’s largest Small Finance Bank. With this alliance, AU SFB will distribute SBI Life’s comprehensive portfolio of life insurance solutions, including...
RBI decides to keep interest rate unchanged at 5.5 pc
Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. Mumbai: After three successive...
Cloudburst leads to flash floods in Uttarkashi, several homes swept away
"The news of heavy losses due to cloudburst in Dharali (Uttarkashi) area is extremely sad and painful. SDRF, NDRF, district administration and other related teams are engaged on war footing in relief and rescue operations," Chief Minister Pushkar Singh Dhami said in a...
Pollution boards can impose environmental damages, says SC
Having considered the principles that govern Indian environmental laws, we have held that the environmental regulators, the Pollution Control Boards exercising powers under the Water and Air Acts, can impose and collect restitutionary or compensatory damages in the...
JFSL set to become premier financial services enterprise by embracing technology
K V Kamath,Chairman , JSFL Observing that one must also remember that the business of financial services is premised on trust, he said, "even as we harness the full potential of technology to make financial services more experiential and efficient, we must remain...
Over 84,000 Indian gaming accounts leaked in 2024: Kaspersky
According to Kaspersky, Thailand recorded 1,62,892 leaked cases, followed by the Philippines with 99,273, Vietnam 87,969, India 84,262, Indonesia 69,909, Malaysia 37,718, South Korea 37,097, China 18,786, Sri Lanka 10,877, and Singapore 4,262 leaked cases, the company...
Six aircraft engine shutdown incidents reported this year, Union minister Murlidhar Mohol
"During 2025, from January to July (till date), a total of 06 incidents of engine shutdown and a total of 03 incidents of May Day calls have been reported," Minister of State for Civil Aviation Murlidhar Mohol said in a written reply in Rajya Sabha New Delhi: A total...
Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the Insurance Act, 1938, has imposed a penalty of Rs. Five Crore on M/s Policybazaar Web Aggregator Pvt. Ltd. (Now known as "M/s Policybazaar Insurance Brokers Pvt. Ltd.") along with direction, advisory and...
AON and Willis make key appointments in India
Aon has appointed Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India while Willis, a business of WTW, announced the appointment of Azad Kumar as Growth Leader of Energy, Construction and Marine in India. Mumbai: Two large overseas re/insurance...
Insurance JVs between Generali and Central Bank unveil a new brand
Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
LIC’s equity investment stands at Rs16.76 trillion till June 30, sees marginal decline in equity holding in Q1FY26
India’s largest institutional investor, Life Insurance Corporation of India (LIC), saw a marginal decline in its equity holdings. Across 284 companies where it holds over 1 per cent, LIC’s stake dropped to 3.68 per cent as of June 30, 2025, from 3.72 per cent at the...
Finance Act 2025 provides substantial relief under new tax regime: Minister
The Finance Act, 2025, has increased the income threshold for claiming a tax rebate under section 87A of the Income Tax Act, 1961 for resident individual taxable under the new tax regime under section 115 BAC of the Act from Rs 7 lakh to Rs 12 lakh, and the maximum...