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AIC conferred 17th Impact Leadership Award 2026
L-R:Haribhau Kisanrao Bagde,Governor, Rajasthan, Dr Lavanya Mundayur, CMD, AIC, Rajnath Singh, Union Defence Minister,Justice P Sathasivam,Former Chief Justice of India and Former Governor of Kerala at the the Agriculture Leadership Awards ceremony on Wednesday in New...
Trump says interim accord to end war is ‘over’ after Iranian strikes
In a flare-up of hostilities that pushed oil prices up to a two-week high, Iran said it had targeted U.S. military sites in Bahrain and Kuwait after U.S. forces struck Iranian targets in response to attacks on tankers in the Strait of Hormuz. Ankara: U.S....
AI investment to cushion global insurance slowdown amid geopolitical turmoil: Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said,"The latest Middle East conflict is not a one-off shock but another sign that geopolitical risk has become a structural feature of the global economy with four supply shocks in six years. As economies invest in AI...
Attack on Qatari LNG vessel in Hormuz challenges US mediation
Three separate attacks on ships would mark the highest number since the US and Iran signed an interim peace deal last month, underscoring the continued risks to ships crossing through Hormuz. Tehran has repeatedly said it won’t allow vessels to transit the waterway...
Banks’ exposure to heat-related losses faces scrutiny in EU
Heat-related damage tends to be less straightforward to measure than losses caused by floods and wildfires, the EBA said. For now, the next stress test measuring European bank resilience will focus on flood risk. The process, which extends into 2027, will be handled...
Financial services AI dangers highlighted by regulator’s review
Regulators globally have begun to focus more keenly on the impact of AI, from cyber and operational risks associated with frontier AI models such as Anthropic’s Mythos to the challenges posed by the agentic systems capable of acting with limited human intervention....
AI’s biggest challenge is restoring trust in Indian insurance industry: PwC
L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan, MD&CEO, Galaxy Insurance,SK Kanwar of Reliance Industries, BC Patnaik, Director, National Insurance Academy, Amit Roy, Partner and Leader, Insurance & Allied Business, PwC releasing PwC's new...
EL Nino to hit India’s energy system harder than anywhere else in world: CREA report
"Combine the lost output from renewables and the increased demand for power, and India could face a generation gap of nearly 18 TWh (terrawatt hour). Currently, the most likely outcome is a surge in coal-fired power, which would release an estimated 17 million tonnes...
Liberty General Insurance organises road safety and insurance awareness drive in Delhi
On the occasion of Insurance Awareness Day, Liberty General Insurance organised a five-day Road Safety and Insurance Awareness Drive across select petrol pumps in Delhi to sensitise vehicle owners about the importance of insurance, responsible accident response, and...
Trump says there will either be a deal with Iran or US will ‘finish the job’
Donald Trump,President .US "We're either going to make a deal or we're going to finish the job. OK. And it won't be tough to finish the job. I'd rather make a deal, because I don't want to affect 91 million people," Trump told reporters in the Oval Office....
Google loses final appeal against €4.1 billion EU antitrust fine
The Android fine was imposed in 2018, a year after the Commission fined Google €2.42 billion ($2.77 billion) for using its shopping comparison service to gain an unfair advantage over smaller rivals. Google lost an appeal against that in 2021. Alphabet’s Google last...
LIC highlights stronger profitability, market leadership in investor presentation
Outlining its future priorities, the corporation said its strategy would focus on increasing the share of non-participating products, strengthening profitability, expanding bancassurance and alternate distribution channels, accelerating digital transformation, and...
Europe faces prolonged heatwave amid rising fire and electricity risks
Climate change is intensifying periods of extreme heat on the fastest-warming continent. The record-breaking heat and drought have fueled the worst start ever to the global wildfire season, with climate scientists warning that a developing El Niño could bring even...
UK’s Cooper warns AI is emerging as decade’s greatest security risk
Yvette Cooper, foreign secretary , UK A recent report for the United Nations warned of potentially “catastrophic outcomes” from AI being used to facilitate cybercrime, fraud and disinformation. It said the development of the technology was outpacing governments’...
Amit Shah announces new cooperative life insurance firm, ‘Bharat Taxi’ expansion to 500 cities
"We will be setting up a life insurance company in the cooperative sector. This will help in the growth of cooperatives in the insurance sector."Union Minister Amit Shah New Delhi:Union Minister Amit Shah on Monday said a cooperative life insurance company will be set...
Indian auto retail records best-ever June with 21.83% YoY growth: FADA
Reflecting on the June 2026 performance, FADA President C S Vigneshwar said, "June'26 has been a landmark month for Indian Auto Retail -- the best June ever recorded, with Two-Wheelers, Three-Wheelers, Commercial Vehicles, Passenger Vehicles and overall registrations...
ICICI Pru Life seeks investor status for Prudential after Bharti Life deal
As per the current law, an entity cannot be a promoter in two insurance ventures. As a result, Prudential has to reduce its shareholding in ICICI Pru Life to under 10 per cent from around 22 per cent at present. Mumbai:The decision with regard to re-classification...
AI to transform insurance, strengthen India’s risk management ecosystem: DFS Addl Secy
Dr. Debasish Prusty, Additional Secretary, Department of Financial Services is addressing the India Insurance Summit 2026 in Mumbai on Friday. Girija Subramanian, Chairman and Managing Director, New India Assurance is seen on the dias. The India Insurance Summit 2026,...