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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...
Generali sets up reinsurance business in GIFT-IFSC
The IFSCA, a unified regulator for developing India’s first International Financial Services Centre(IFSC) has already issued licenses to half a dozen of global players including Berkley Insurance Asia, Allianz Partners, Peak Re, Singapore Re and Doha...
Centre cuts prices of 35 essential medicines
The formulations, which will now cost less, span a wide range of medicines including anti-inflammatory, cardiovascular, antibiotic, anti-diabetic and psychiatric medicines New Delhi: In a move to make medicines more affordable for patients, the National Pharmaceutical...
India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world’s biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities (ILS) and support initial issuance by way of cost subsidy/ grant on the lines of Singapore and Hong Kong. These incentives are important for creating a conducive ecosystem for ILS in the initial years, G...
Goa Institute of Management develops algorithm to tackle bias, collusion in e-commerce
"The developed algorithm ensures fairness by filtering based on credible review thresholds and competitive pricing. Aligning with the emerging antitrust regulations globally, the algorithm has demonstrated collusion-resistance and transparency via simulation and...
FPIs pullout Rs 17741 cr from Indian equities in July
The recent selling pressure is largely due to the fresh reciprocal tariffs imposed by the United States, which has impacted India among several other countries. New Delhi: Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, with...
Spike in Used Car Purchases: Transferring policies
“An untransferred insurance policy puts both the buyer and seller at risk. When making a claim, mismatched ownership details can effectively render the insurance void, as if there were no coverage at all.” – Mallikarjun Mallannavar, Chief Claims Officer at Royal...
CCI admits ADIF complaint against Google over AdTech dominance charges orders wider probe
In its complaint, ADIF alleged that Google, through its multiple group entities, has engaged in anti-competitive conduct by self-preferencing its own services in the AdTech ecosystem, including tying and bundling of its publisher ad server (DFP) with its ad exchange...
Study finds climate change could worsen risk of diarrhoea among children in South, Southeast Asia
The findings, published in the journal Environmental Research, also highlight temperature extremes and declining rainfall (in a year's wettest month) as the two main climate-associated factors driving a higher risk of diarrhoea among children. Climate change could...
Many liver cancer cases can be prevented by addressing hepatitis, alcohol habits, says Lancet study
A growing population, combined with an increasing prevalence of risk factors, is expected to drive a rise in cases of liver cancer globally, with studies projecting an around 55 per cent rise in such cases by 2040. More than three of every five liver cancer cases in...
Age 50 might be inflexion point after which ageing accelerates blood vessels vulnerable Study
A study published last year in August in the journal Nature Ageing showed that ages 44 and 60 might be when a human body experiences changes in molecules and microbes, significantly impacting heart and immune function. New Delhi: Analysing samples of human tissues...
Tesla ordered by Florida jury to pay $243 million in fatal Autopilot crash
The verdict is a rare win for victims of accidents involving Autopilot. Musk has been pushing to rapidly expand Tesla's recently launched robotaxi business based on an advanced version of its driver assistance software. A Florida jury on Friday found Tesla liable to...
July passenger vehicle sales in slow lane as demand softness impact major players
``The cost increase due to addition of six airbags as a standard fitment across models has led to some challenges, and efforts are on to work with finance companies to address financing issues. Sales growth in the rural areas has slowed down to 2-3 per cent as...
15 more banks to implement RBI’s MuleHunter in next 2 months
MuleHunter is based on artificial intelligence and machine learning-based algorithms, and being given free to banks for now, Suvendu Pati, a chief general manager,RBI Mumbai: At least 15 more banks are set to implement the RBI-developed MuleHunter platform over the...
Oriental Insurance puts Dubai operations under run off
``The OIC board has approved the decision and we have written to the Central Bank of the UAE that our Dubai office will be placed under run off operations with effective from midnight of 7th August. We will honour all our liabilities and commitments to all our...