IRDAI introduces new corporate governance rules for insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has come out with a master circular to provide various operational and procedural aspects, to be adopted by all insurers.

GOVT TO USE RADIATION T0 PREVENT ONION SHORTAGES

Thegovernment is planning to significantly ramp up the radiation processing of onions to create a butter stock of 100,000 tonnes this year

Dubai Press club gears up for 22nd Arab media forum (AMF)

Under Tnder the directive of Sheikh Mohammed bin Rashid AI Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Mona Ghanem AI Marri, Vice Chairperson and Managing Director of the Dubai Media Council, and President of the Dubai Press Club, announced the inauguration of the Arab Media Summit.

CROWDFUNDING EFFORT SAVES RAJASTHAN POLICE OFFICER'S SON

Kshama and Naresh, parents from Dholpur, Rajasthan, launched a crowdfunding campaign on Impact Guru in February 2024 for their son Hridyansh's treatment, gaining significant traction both nationally and internationally

Delhi NCR sees 57% drop in unsold homes, south India

The real estate sector in Delhi-NCR, once plagued by over supply and market chaos, is now witnessing a remarkable turnaround. A recent report by real estate consultant Anarock Group highlights a massive 57% decline in unsold inventory in the region over the past five years.

IIFL home finance claims top spot as India’s leading affordable lender

IFL Home Finance Limited (IIFL HFL) has reported substantial growth in its Asset Under Management (AUM), which increased from Rs 28,512 crore in FY23 to Rs 35,499 crore in FY24, reflecting a 25% year-over-year (YoY) growth. This surge has positioned the company as India's largest affordable housing finance provider, with an average ticket size of Rs 14.26 lakh.

Pvt sector sees record rise in exports, sharpest upturn in employment in 18 yrs

India's private sector output witnessed the third strongest upturn since July 2010 with the service economy leading the latest acceleration in overall economic expansion even as the manufacturing industry continued to lead growth of both sales and output.

Foreign investors pull Rs 28,200 crore from Indian stocks (FPI withdrawals)

Foreign investors have withdrawn a substantial Rs 28,200 crore from Indian equities in May 2024, driven by uncertainties surrounding the upcoming general elections and the allure of more attractive valuations in Chinese markets.

SECURE YOUR FUTURE: SMART SAVINGS WITH FIXED DEPOSITS ON BAJAJ MARKETS

One of the key highlights of the FDs available on Bajaj Markets are the attractive interest rates, with some issuers offeringup to 9.00% p.a

Varaha heritage: Blending Tech and culture for a richer experience

The city of joy, Kolkata, witnessed the second chapter of the International Museum Expo on the 18th and 19th of May, organised by the Ministry of Culture, Government of India, to initiate a holistic conversation on museums and India’s cultural diplomacy through digitization.

Global Britain Centre Chairman criticizes western media on India's 'Acche Din'

Slamming the Western media over the “negative” coverage of elections in India and Prime Minister Narendra Modi’s policies, Global Britain Centre founding chairman Amandeep Singh Bhogal said that a lot of people have problems as India’s good days (achhe din) are here.

MPOWER Financing’s inaugural securitization achieves A ratings

M POWER Financing (\"MPOWER\"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its first securitization, MPOWER Education Trust 2024-A (\"MPOWR 2024A\").

RBI, SEBI, HOME MINISTRY MEET TRAI T0 COMBAT UNSOLICITED CALLS MISUSE

Regulators such as RBI, SEBI, Trai, along with government departments like the Ministry of Home Affairs, Ministry of Consumer Affairs

Supreme Court Allows Candidates With Disabilities To Attend Interview If They Have Got Minimum Marks Prescribed For SC/ST Categories

The Supreme Court in the case In Re Recruitment of Visually Impaired In Judicial Services observed and has resumed its hearing in a suo motu matter regarding a rule in the State of Madhya Pradesh that excludes visually impaired and no-vision candidates from seeking appointment to judicial services.

INDIA, FRANCE CONDUCT JOINT MILITARY EXERCISE 'SHAKTI' ON JUNGLE SURVIVAL

In nthe ongoing 7th edition of Joint Exercise Shakti, the Indian and French armies collaborated on drills and shared expertise in jungle survival techniques.

SUPREME COURT POSTS PLEAS REGARDING VALIDITY OF CONSUMER PROTECTION RULES ON APPOINTMENT OF MEMBERS NEXT WEEK FOR DISPOSAL

The Supreme Court in the case GaneshKumar Rajeshwarrao Selukar And Ors. v. Mahendra Bhaskar Limaye And Ors. observed and has ordered that it will hear a batch of an appeals against the Supreme Court against the judgment of the Bombay High Court, the Nagpur bench which struck down Rule 6(1) of the Consumer Protection Rules, 2020, next week.

US Embassy in London refuses to pay $18.6 mn congestion charge

According to CNN, the LUS embassy in London is declining to settle over USD 18.6 million in unpaid congestion charges, as reported by Transport for London (TfL), which oversees the city's transport network.

SpiceJet demands Rs 450 cr refund from former promoter Maran

Spice piceJet plans to reclaim Rs 450 crore from its former promoter Kalanithi Maran following a Delhi High Court decision last week in favor of the airline after a prolonged dispute over share transfers.

Paytm Q4: Loss widens to Rs 549.60 cr, revenue down 2.6%

Pay aytm, the digital payments firm, reported a widened consolidated loss of Rs 549.6 crore in Q4 FY24, up from Rs 168.4 crore a year ago.

GOVT ALLOCATES RS 2,000 CR FOR CUSTOM Al MODEL

The government is planning to chart its own course in the field of artificial intelligence AT) by laying the groundwork for a bespoke foundational model tailored to the needs of Indian companies

Nippon India mutual fund makes history with unique sound logo

Nipp Tippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), has introduced its pioneering sonic identity, marking a significant milestone in India's financial sector.

NO POTENTIAL PM CANDIDATE IN INDIA BLOC, SAYS AMIT SHAH

Shah highlighted the INDIA bloc’s focus on family legacies over national development and reiterated BJP’s commitment to reclaiming PoK.

100-day agenda budget: free electricity tax changes considered

As the 2024 Lok Sabha Lelections approach their conclusion, all eyes are on the potential 100-day agenda of the new government and the proposals for the FY25 budget.

India’s Economic Trajectory navigating a Complex Global Landscape

Agloba mid a backdrop of global economic uncertainty, inflation concerns, and potential geopolitical escalations, India is emerging as a beacon of economic resilience and growth. While international organizations and rating agencies predict a slowdown in global growth, India stands out as an emerging economic superpower.

GOVT SEEKS RS 1 TRILLION DIVIDEND FROM RBI T0 BRIDGE BUDGET GAP

India's RBI is poised to pay a substantial dividend to the government, potentially reaching Rs 1 trillion, bolstering fiscal reserves amid economic strategies and capital market dynamics

DELHI HIGH COURT WAIVES RS7SLK COST IMPOSED ON LAW STUDENT FOR FILING PIL SEEKING RELEASE OF ARVIND KEJRIWAL ON EXTRAORDINARY INTERIM BAIL

The Delhi High Court in the case We the People of India v. Union of India and Others observed and has waived an amount of Rs. 75,000 costs imposed on a law student who filed a Public Interest Litigation, PIL seeking release of Chief Minister Arvind Kejriwal on 'extra ordinary interim bail' in all the criminal cases registered by against him.

Biden denies genocide allegations against Israel in Gaza

White House Dcelebration for Jewish American Heritage month on Monday, US President Joe Biden stated that the events in Gaza do not constitute genocide.

DALAI LAMA CONGRATULATES NEW TAIWANESE PRESIDENT LAI CHING-TE

Further, Dalai Lama wished Lai success in overcoming the challenges and fulfilling the hopes and aspirations of the people of Taiwan

Apple appeals 1.8 bn EU Antitrust fine over Spotify restrictions

Apple Inc. is challenging a ₹1.8 billion ($1.9 billion) fine levied by the European Union for thwarting fair competition from music-streaming rivals, including Spotify Technology SA.

INDIA TO HOST FIRST-EVER FOCUSED WORKING GROUP ON ANTARCTIC TOURISM

National Centre for Polar and Ocean Research NCPOR), Goa under Ministry of Earth Sciences, and the Antarctic Treaty Secretariat will organize these meetings in Kochi, Kerala