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Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which has floated three joint ventures with Germany major Allianz for foraying into Reinsurance, Life and General Insurance business, operates its financial services business through consumer-facing...
Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
Indian reinsurer GIC Re had said Air India's Ahmedabad crash claim likely to hit a total of $475 million including $350 million of liability claims involving the compensation amount for 270 people who lost their lives due to the mishap London/Mumbai: Global...
ICICI Foundation partners with IIT Kanpur to build Digital Health Stack
"We believe that technology-led innovation holds the key to inclusive healthcare in India. We collaborate with IIT Kanpur on the ICICI Digital Health Stack, which will help build a future-ready and digitally aligned healthcare ecosystem for public welfare," ICICI Bank...
India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF
India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. NEW...
Microsoft restores services to Nayara ahead of HC hearing
Earlier this week, Microsoft suspended its services to Nayara Energy after the European Union included the company in a new round of sanctions against Russia over the Ukraine war. In response, Nayara took the US tech giant to the Delhi High Court, which was scheduled...
International Road Federation flags safety non-adherence in road projects in India
Akhilesh Srivastava, president, India Chapter (IRF-IC) "Across numerous active construction sites, IRF-India Chapter has observed a lack of advance warning signs for diversions or lane closures, absence of reflective tapes, barricades or cones, poorly marked or unlit...
Affluent Indians need Rs 3.5 crore for comfortable retirement, says HSBC report
"Investors (in India) are concerned about the cost of living and economic uncertainty. Compared to the global outlook, they are extremely confident in their ability to achieve financial goals," the report notes. New Delhi: Indians will need to save an estimated ₹3.5...
Powerful quake in Russia’s far east causes tsunami, Japan and Hawaii order evacuations
The shallow earthquake damaged buildings and injured several people in the remote Russian region, while much of Japan's eastern seaboard - devastated by a 9.0 magnitude earthquake and tsunami in 2011 - was ordered to evacuate. Workers evacuated the stricken Fukushima...
ACKO on boards MS Dhoni as an investor and brand ambassador
Mahendra Singh Dhoni ACKO, which has also eminent IT entrepreneur Narayana Murthy as one of the founders, has not disclosed the quantum of Dhoni's investment Bengaluru: Ace cricketer Mahendra Singh Dhoni has become an investor as well as a brand ambassador of ACKO. As...
Shippers ask to end contracts with Russian-backed refiner Nayara, sources say
India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters NEW DELHI: The owners of three vessels...
Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the hydrogen economy, enabling investment and innovation, and providing risk management advice and guidance. Collaboration and knowledge-sharing within this industry are essential for developing best practices...
Musk ordered shutdown of Starlink satellite service as Ukraine retook territory from Russia
Musk’s order was an early glimpse of the power the magnate now wields in geopolitics and global security because of Starlink, a fast-growing satellite internet service that barely existed early this decade and now provides connectivity even in remote areas of the...
Govt issues guidelines to protect solar power equipment from potential cyberattacks
“Inverter communication modules that transmit data to servers outside India not only pose risks of unauthorized control but also threaten national energy sovereignty by exposing sensitive consumption and generation data,” the Indian ministry said. New Delhi: India...
New India’s net profit jumps 80% to Rs391 crore in Q1FY 26, gains market share
Girija Subramanian, CMD. NIA “ Our domestic gross direct premium during the period grew by 15.27 per cent vis-à-vis the industry which grew by 8.84 per cent. Consequently, our market share for the period increased from 14.65 per cent to 15.51 per cent. The healthy...
A bank’s reputation, once established, becomes one of its most valuable assets. In an environment of rising competition and evolving customer expectations, the way forward lies in building upon a customer-centric approach that fosters trust, loyalty, and long-term...
Govt props up India’s climate preparedness
Jitendra Singh, Union Minister,Ministry of Earth Sciences “We are now at a stage where even a casual user can access live weather alerts, cyclone warnings, air quality updates, and ocean forecasts on their mobile phones. This is the result of a Government that works...
Government’s anti-fraud initiative shows remarkable success, 97% reduction in spoofed calls
Jyotiraditya Scindia,Union Minister for Communications The portal's CEIR facility allows users to report lost or stolen handsets for immediate blocking and tracing across all telecom operator networks. This ensures that stolen devices cannot be misused anywhere in...
Companies struggle to meet rising demand for personalized benefits, Aon Survey
"Employees increasingly expect a consumer-grade experience when it comes to their benefits – one that offers meaningful choice, creates innovative solutions and aligns with their individual needs. Companies are moving in that direction and communicating their...