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LIC leads $703mn NSE anchor book
LIC, NSE’s largest shareholder, emerged as the biggest anchor investor, acquiring 2.24 million shares valued at ₹400.3 crore. Societe Generale’s offshore derivative instrument desk picked up 1.77 million shares worth ₹316 crore, while Norway’s Government Pension Fund...
Florida Hurricane could trigger $300bn insured losses: Swiss Re
Balz Grollimund, Head Catastrophe Perils at Swiss Re, said: "The Atlantic hurricane season has been relatively quiet so far this year, but it only takes one major storm making landfall in a highly exposed area to turn a quiet season into a costly one. One hundred...
EPFO wage ceiling hike could benefit up to 1 crore new workers: Mandaviya
Union Labour and Employment Minister Mansukh Mandaviya According to the latest EPFO data cited by the government, the organisation has around 7.98 crore contributing members across about 7.68 lakh contributing establishments, while the EPS provides pension benefits to...
BIS says global market AI momentum showing signs of vulnerability
“What we are most concerned on in this (AI) area is the rapid increase in debt and leverage,” head of economic analysis of BIS, Frank Smets, said. “And the fact that many of these financing deals are quite opaque. They’re often off balance sheet. They have sort of...
AI Data centers are on track to fuel ‘Explosive’ growth in Captive Insurance
AM Best, an insurance-focused credit rating firm, says the roughly 150 US captives it rates generated more than $8 billion in savings over the past five years. The ability to turn insurance from “a pure cost center into a potential profit center” is the corporate...
August domestic passenger vehicle dispatches rise 36.5 pc YoY to 4,39,309 units: SIAM
Total two-wheeler sales increased 10.5 per cent to 20,34,698 units last month, as against 18,41,954 units in August last year, it added. New Delhi:Domestic passenger vehicle dispatches from companies to dealers rose 36.5 per cent year-on-year to 4,39,309 units in...
Meta to report child safety cases directly to India’s cyber crime portal amid govt crackdown
"To collectively strengthen our efforts to combat this harm, Meta will now report child safety matters directly to the cybercrime portal managed by I4C," the spokesperson said. New Delhi:Amid a government crackdown on child sexual abuse and other harmful content...
UPI transactions above Rs 2,000 to attract 0.4% MDR from October 15, capped at Rs 300
The government notified changes in its payments legislation on Monday, specifying that banks cannot impose charges on payments via Unified Payments Interface transactions of up to 2,000 rupees ($20.93). New India: The introduction of Merchant Discount Rate (MDR) on...
Satheesan reviews Keralam State Elderly Persons (Care and Protection) Bill, 2026
V D Satheesan.,Chief Minister,Keralam Chaired a high-level meeting to review the draft Keralam Policy for Elders and the Keralam State Elderly Persons (Care and Protection) Bill, 2026. Committed to ensuring statutory security, healthcare access, and a life of dignity...
Pension Sakhis to take retirement security to rural India
Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) today signed a Memorandum of Understanding (MoU) to create and support a community-based outreach mechanism of ‘Pension Sakhis’ across rural India. New Delhi:In a...
Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilution
Sanjay Joshi,CMD Oriental Insurance Company "We are targeting to make some profit this year...the proceeds from the NSE IPO would be booked as profit. It will improve the company's financials. Besides, it is going to provide liquidity," Oriental Insurance Company...
BRICS moves to build reinsurance allince, places climate and disaster resilience high on agenda
Hitesh Joshi,CMD, GIC Re Russian President Putin proposed a new insurance mechanism and a collaborative grain market initiative for BRICS nations. Iranian President Masoud Pezeshkian, called for the creation of a BRICS reinsurance company with initial capital of $10...
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
The complainant firm is a wholly owned subsidiary of Switzerland-based Victorinox AG. It deals with export, import and distribution of travel bags, knives, luxury watches, cutlery and other consumer products manufactured by its parent company in India. The firm had...
India to pursue Seafarers’ Emergency Support Network, confident of global backing: MEA
Sudhakar Dalela, Secretary (ER), Ministry of External Affairs The proposal assumes significance amid heightened geopolitical tensions and disruptions along key maritime routes and energy chokepoints, highlighting the need for greater international coordination to...
“I think that will happen”: OpenAI CEO Sam Altman hints at safety pact with other AI companies
Sam Altman,Chief Executive Officer,OpenAI Urgency has mounted following recent security breaches involving autonomous agent swarms compromising platforms like Hugging Face and covertly exchanging data across disused digital repositories. Compounding these pressures,...
Iran, Oman agree on new entry, exit routes for Strait of Hormuz: Report
The development comes amid heightened tensions in West Asia, with the strategic waterway remaining a key focus of regional and international attention.The Iranian and Omani sides reached an understanding on the new routes following consultations, with details set to...
“Exponential growth of AI a warning sign”: Anthropic CEO Dario Amodei continues push for AI safeguards
Dario Amodei,CEO,Anthropic Amodei then proposed a three-step plan for pacing the frontier and building AI at a balanced rate that aims to ensure its safety. These include; each frontier AI company committing to giving ongoing, employee-like access to a team of...
National Lok Adalat gives compensation of Rs 2.4 cr to kin of banker killed in Navi Mumbai accident
Banker Khurshid Ahmad was 49 at the time of incident and had an annual income of Rs 25 lakh. THANE:The National Lok Adalat held in Belapur in Navi Mumbai on Saturday resolved a motor accident claim by awarding compensation of Rs 2.40 crore to the family of a deceased...