Category: Business

State-owned Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance Company remain Domestic Systemically Important Insurers (D-Slls) and hence subjected to enhanced regulatory supervision, according to insurance regulator IRDAI. D-Slls refer to insurers of such size, market importance and domestic and global inter connectedness, whose distress or failure would cause…

Read More “Insurance regulator IRDAI retains LIC, GIC Re, New India Assurance as D-Slls  ” »

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers  | Photo Credit: Special Arrangement Kalyan Jewellers India Ltd. is gearing up to foray into the United States market in the coming financial year. The company plans to set up one store each in New Jersey and Chicago. This is part of the company’s plans to open six jewellery…

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Only 4% of organisations in India have a ‘mature’ level of readiness needed to be resilient against modern cybersecurity risks, said Cisco in its ‘2023 Cybersecurity Readiness Index’. Enterprises today continue to be targeted with a variety of techniques that range from phishing and ransomware to supply chain and social engineering attacks, as per the…

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Net claims of non-residents on India declined by $12.2 billion during October-December 2023 to $370.4 billion as at end-December 2023, data released by the Reserve Bank of India (RBI) showed. “The decline in net claims was due to the higher rise in Indian residents’ overseas financial assets ($40.7 billion) as compared to the increase in…

Read More “Net claims of NRIs on India declined by $12.2 bn. during Oct.-Dec. 2023” »

A woman walks past an election campaign poster of the Bharatiya Janata Party (BJP) featuring their leader and India’s Prime Minister Narendra Modi (R), along a street in Varanasi on March 24, 2024, ahead of the country’s upcoming general elections. (Photo by Niharika KULKARNI / AFP) | Photo Credit: NIHARIKA KULKARNI Signalling a sharp rise…

Read More “Pre-poll spending spike lifts fiscal deficit to 86.5% by Feb.” »

Photo used for representation purpose only. Core sectors’ output growth was led by double-digit upticks in cement also. | Photo Credit: The Hindu India’s eight core sectors’ output growth spurted to a three-month high of 6.7% in February, led by double-digit upticks in coal, natural gas and cement even as fertilisers’ production fell 9.5% to…

Read More “Eight core sectors’ output growth spurts to three-month high of 6.7% in February” »

Photo used for representation purpose only. Core sectors’ output growth was led by double-digit upticks in cement also. | Photo Credit: The Hindu India’s eight core sectors’ output growth spurted to a three-month high of 6.7% in February, led by double-digit upticks in coal, natural gas and cement even as fertilisers’ production fell 9.5% to…

Read More “Core sector output growth spurts to 6.7% in February 2024” »