In the fiscal year 2023-24 (FY24), India's non-life insurance industry experienced significant growth primarily fueled by the health and motor insurance segments. Health insurance premiums surpassed Rs 1 trillion, marking a 20.2% increase, while motor insurance reached Rs 91,781.3 crore with a growth rate of 12.9%. Read on to know more ..read more

Kumar's candidature was recommended to the RBI along with a panel of candidates for the MD&CEO position. With over 36 years of experience at Federal Bank Limited, Kumar is a seasoned banker who currently serves as President and Chief Human Resources Officer. He has been awarded the Gold award for the HR leader of the year in the category of large-scale organizations in the Economic Times Human Capital Awards ..read more

Administered by the Department of Management Sciences (DoMS), this degree programme delivers a thorough education in financial technology and management. With accolades such as being ranked 1st in Innovation, 4th in Engineering, and 5th overall by NIRF 2023, IIT Kanpur is perfectly suited to deliver this degree programme and prepare the graduates to succeed as well as have the skills and knowledge necessary to pursue leadership roles in the fast-paced, technology-driven industry ..read more

Taking the discussion forward, and speaking about where does world stand in terms of Universal Health Coverage, WHO's Tedros said that as many as 140 countries have recognised health as fundamental rights in their constitutions. He apprised that since the formation of WHO, average human life expectancy has gone up from 46 years to 74 years ..read more

​State-owned Canara Bank on Friday said it has fixed May 15 as record date for determining shareholders' eligibility for stock split. The Reserve Bank of India (RBI) gave its go-ahead for stock split on April 16, 2024, it said. The government owns 62.93 per cent stake in Canara Bank, while public shareholders own the rest ..read more

Cred is also developing an offline payments business and will start deploying QR code based ‘scan and pay’ payments at retail outlets. It will build on the UPI payments facility that Cred is pushing. It might need to apply separately for the payment aggregator-point of sale (PA-P) licence. Read more ..read more

Earlier, multiple search operations were carried out in this case. During one of the searches last year, ED found Ajay at his home in Delhi. The ED team was searching the premises in his presence when his wife, Simpy, allegedly came home with a group of lawyers and they engaged ED officials after accusing them of violating court orders related to the case ..read more

Car mods in India are popular, but drastic changes can void insurance. Two types: third-party and comprehensive. Minor changes like paint are usually fine, but extensive bodywork modifications may raise concerns with insurers. Modifications such as after-market lights (of different colour and intensity) can impact visibility, potentially resulting in insurance denial if not pre-approved. Read more ..read more

State Bank of Vietnam's (SBV) deputy governor Dao Minh Tu told reporters the dong had fallen by 4.9 per cent against the U.S. dollar this year, and its movements were in line with other currencies in the region. He said that inflation remained under control. Read on to know more ..read more

Aurionpro Solutions CEO Ashish Rai told ET that the acquisition will enhance its business offerings by leveraging Arya.ai's capabilities in enterprise artificial intelligence (AI). “The acquisition empowers us to expand our geographical footprint into the US and Southeast Asia, tapping into new markets and opportunities,” Rai said. Read more here ..read more