The only case where there could be a change in insurance payout is if Air India's management were found to be aware of the accident and the accident was deliberate.
'This will be our first large-size bank partner, and hence, the partnership will be a game-changer for us.'
Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.
'This (crash) is one of those times where there is no concrete explanation yet for what happened. I think that adds to my parents' worry.'
'$125 million for the hull and the remaining of over $350 million for liability.'
As fintech major Pine Labs gears up for its initial public offering (IPO), its Draft Red Herring Prospectus has highlighted its top executives' pay and stock options, including those of Chief Executive Officer (CEO) Amrish Rau. Rau's net worth is estimated at Rs 850 crore-1,000 crore following the IPO.
Bike-taxi drivers are also left stranded as many depended on the service.
Additionally, rates in the aviation sector are also expected to increase due to huge claim outgo in the Air India crash.
The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of lives where the aircraft crashed; and cargo liability.
'The retail industry is still growing in double digits.'
Filling of Rs 100 and Rs 200 notes result in faster depletion and more frequent cash replenishment. This will cost banks and managed service providers more.
'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'
One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
An hour-long disruption could affect around 40 million UPI transactions.
The Reserve Bank of India (RBI) on Wednesday came out with comprehensive draft guidelines to harmonise and regulate gold loans across all financial entities, including putting a cap of 75 per cent on loan-to-value (LTV) ratio. The draft guidelines also aim to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
'The slowdown in motor insurance premium growth is due to slower growth in vehicle sales. Also, there has been minimal hike in third-party rates in the past three years which is affecting the growth rate of third-party premiums.'
'India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.'
'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'
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