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Here is a masonry blog layout with no sidebarIndia may emerge as second-largest economy by 2038 with USD 34.2 trn GDP in PPP terms Report
India is emerging as one of the most dynamic among the world’s five largest economies, with strong economic fundamentals including high savings and investment rates, favourable demographics, and a sustainable fiscal position, said the the August 2025 issue of EY...
India has 56.75 lakh registered EVs till February 2025: Govt
In FY25, electric two-wheeler (e-2W) sales hit 11.49 lakh units, up 21 per cent from the previous year’s 9.48 lakh, the data showed. New Delhi: India has been making significant progress in the transition to green energy and electrification as the nation has a total...
India and Fiji join hands for climate action, resilience building and sustainable development
Prime Minister Narendra Modi and Sitiveni Rabuka,Prime Minister, Fiji, in New Delhi Prime Minister Narendra Modi had hosted a lunch for heads of offices supporting the economy of Fiji which was attended by R. Doraiswamy, CEO & MD , Life Insurance Corporation,...
Sompo to acquire Aspen for $3.5 Billion
James Shea, CEO of Sompo P&C, said “Strategic acquisitions have been a key part of our growth plan to build a robust and diversified global P&C platform, and Aspen represents an excellent opportunity at the right time in the market cycle. We look forward to...
Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric re/insurance policies, better aligning payout with actual losses. The scalable nature of Safehub’s technology allows for rapid and dense deployment of sensors, enabling risk transfer solutions even in...
Kazakhstan presses on with $4.4 billion fine against global oil majors for ecological violations
Kazakhstan's government originally fined NCOC 2.3 trillion tenge - then worth $5.4 billion - in early 2023 for ecological violations related to an inspection of Kashagan's gas processing facilities in 2022, when the authorities said they discovered excessive volumes...
J-K: Five killed, 14 injured as landslide hits Mata Vaishno Devi route
The hill state of Himachal Pradesh, already reeling under the devastation caused by multiple landslides and flash floods, saw shops being washed away, buildings collapsing, and highways cut off. A total of 680 roads were closed in the state, with Mandi and Kullu...
PSU general insurance industry unions stick to 17% wage hike demand
``In today's meeting with GIPSA through virtual mode, the Associations were offered an improved loading factor of 14 per cent. While thanking the management for their efforts to come out with enhanced offer but reiterated our demand for parity with LIC in pay scales....
IRDAI suspends a junior official for financial misconduct
IRDA’s order for suspending Sastry signed by Raja K Sinha , member, Distribution, IRDAI has said he has admitted the financial misconduct but didn’t mention the exact nature of the misconduct Hyderabad: In a first ever case, the IRDA has suspended one of junior...
TCS enables ICICI Lombard’s fully automated multi-region disaster recovery on AWS Cloud
“This intelligent, automation-led DR solution sets a new benchmark for BFSI organizations by enabling seamless, fast and scalable disaster recovery with zero touch''Ujjwal Mathur, president & country head – India Business, TCS MUMBAI: IT major Tata Consultancy...
Govt raises wage hike offer to 14% from 12% for PSU general insurance industry
The GIPSA has called for a virtual meeting of unions on Tuesday noon Earlier, the unions of of PSU general insurance industry had rejected a 12 per cent wage hike offered by the Department of Financial Services and demanded a 17 per cent hike to be on par with the...
Willis expands into specialty lines, hires talent in Japan
The Japanese general insurance market is projected to grow from JPY11.7 trillion (US$81.1 billion) in 2024 to JPY12.7 trillion (US$93.9 billion) by 2028, at a compound annual growth rate of 2.2%. TOKYO: Willis, a WTW business, today announced a significant expansion...
Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report
C S Setty, chairman, State Bank of India, said, “India’s Digital Public Infrastructure has revolutionized access through Aadhaar, UPI, and Jan Dhan, and the next frontier lies in DPI 2.0 platforms like Account Aggregator and Unified Lending Interface (ULI). To unlock...
Atal Pension Yojana crosses 8.11 crore enrollments with over Rs 48,000 crore AUM
It is rapidly gaining popularity amongst female population and younger generation of the country. In the FY 2024-25, out of the total enrolments, 55 per cent were women New Delhi: The total gross enrollments under Atal Pension Yojana (APY) have crossed 8.11 crore (as...
Plea in SC challenges mandatory sale of 20 ethanol blended petrol
Cars and two-wheelers manufactured before 2023, and even some newer BS-VI models, are not compatible with such high ethanol blends, it said. The plea highlighted damage to engines, dropping of mileage among other consequences of the move. It also sought direction for...
Govt allows a one-time switch facility from UPS to National Pension System
From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees. Around 31,555 central government employees have opted for the Unified...
India’s household savings to generate inflows of $ 9.5 trillion into financial assets in next 10 years: Goldman Sachs
Out of the total inflows, Goldman Sachs expects a large portion, over USD 4 trillion, to be allocated to long-term savings products such as insurance, pension, and retirement funds. New Delhi|: India's household savings are expected to generate cumulative inflows of...
Global Expansion: India Inc needs a multi-dimensional shield
Vaibhav Luthra, Tax Partner, EY India said, “India’s global investors are no longer just chasing scale, they are looking for strategic, resilient growth. As outbound capital becomes more ESG-sensitive and substance focused, aligning operating models with local...