Following the notification allowing 100 per cent foreign direct investment (FDI) in the insurance sector, the Finance Ministry has revised norms to remove the requirement that a majority of directors and key management personnel in an insurance company with foreign investment be Indian residents.
Around one-fifth of 143 airports handling only domestic flights recorded an average of two or fewer aircraft movements a day between April and November 2025, according to data from the Airports Authority of India
The Supreme Court expressed concerns over the dangers posed by stray animals, including dog bites and accidents, and urged civic bodies to strictly enforce rules and regulations. The court is hearing pleas for modification of its earlier orders related to the issue.
The Airports Authority of India (AAI) on Monday issued a travel advisory as dense fog gripped Northern India, urging passengers to check their flight status before leaving for the airport to avoid prolonged waiting periods at the airport in case of flight cancellations or delays.
SAI Governing Body approves infrastructure upgrade at centres across India
As the government moves to revamp India's securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and market insiders have raised concerns on potential funding challenges for the stock market regulator.
Insurance intermediaries who receive disproportionately high commissions are likely to see a decline in their payouts, post the new Insurance Amendment Bill. The new Bill gives the Insurance Regulatory & Development Authority of India (Irdai) the power to disgorge unlawful gains made by insurers and intermediaries as well as the right to limit commissions paid to intermediaries.
The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.
'Neither SAI nor state departments have a dedicated sports administration service. Instead, roles are filled by generalist civil servants or contractual staff, often lacking sector-specific expertise.'
The government has circulated among members ofParliament a new draft of the Amendment of Insurance laws Bill, 2025, proposing stricter safeguards on the utilisation of life insurance funds and other specified insurance business funds, particularly for dividend payouts, bonuses, and servicing of debentures.
The Wrestling Federation of India unveiled a new selection policy that makes attendance at national camps mandatory to be eligible for national selection, bars wrestlers from training independently and mandates Olympic Games quota-winning athletes to appear in a final one-bout selection trial.
The Union Cabinet on Friday approved 100 per cent foreign direct investment (FDI) in the insurance sector, a move that was welcomed by industry as it would help attract more capital and global expertise, while boosting insurance coverage in the country. A bill to amend the insurance law is likely to be tabled on Monday in Parliament, whose winter session is slated to conclude on December 19.
The Telecom Regulatory Authority of India (Trai) said on Wednesday that instead of calculating charges for backhaul spectrum on a weighted-average formula based on the number of carriers a telco may have, a flat low rate should be applied.
A national rollout will take place after the pilot test in which SBI, PNB, Axis Bank, Bank of Maharashtra, Canara Bank, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HDFC Bank, Indian Overseas Bank and Punjab & Sind Bank are participating.
The country also mounted bids on some high-profile continental and global events, including the 2031 World Athletics Championships with Ahmedabad as the proposed venue.
The Supreme Court of India is considering formulating pan-India guidelines to prevent road accidents on expressways and national highways, following a fatal accident in Rajasthan. The court is focusing on the issue of illegal 'dhabas' and encroachments along highways as potential causes of accidents.
The Supreme Court of India has directed the NHAI and MCD to consider relocating or temporarily closing toll plazas at Delhi's borders to alleviate traffic congestion and reduce air pollution. The court also addressed school closures and financial aid for construction workers affected by pollution control measures.
Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance penetration by making policies more affordable.
The Indira Gandhi International Airport in the national capital is the country's busiest airport and RWY refers to runway.
The latest crisis emerged after the All India Football Federation (AIFF) could not find a new commercial partner for the conduct of domestic league, including the top-tier Indian Super League.
Players' complaints on 'outdated and dictatorial' coaching style led to Harendra's resignation
Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.
Hockey India on Sunday said its internal inquiry into allegations of sexual misconduct against a coach of the junior women's team found no evidence.
India's market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the regulator was working to strengthen the link between infrastructure building and the markets.
AIFF for "flexible" approach during Sports Minister Mandaviya's meeting with football stakeholders.
A rally marking the 41st anniversary of the Bhopal gas tragedy was disrupted by a controversy over an effigy allegedly depicting an RSS 'sevak,' leading to an FIR against organizers.
Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.
The iconic Jawahar Lal Nehru Stadium in New Delhi will be "dismantled" to create a Sports City that will cater to all major disciplines and include lodging facility for athletes.
Sports Minister hears out I-League representatives; urges constructive dialogue
The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear before it on November 17 in a FEMA case after he skipped his scheduled date on Friday.
Even as non-life insurers reported muted premium growth in October, standalone health insurers saw a robust 38 per cent year-on-year (Y-o-Y) surge. This growth was driven by pent-up demand in the retail health insurance segment.
The Supreme Court has directed the removal of all cattle and other stray animals from highways and expressways, citing safety concerns and frequent accidents.
Most CNG pumps, including those operated by Mahanagar Gas Limited (MGL), saw long queues from early morning, particularly of black-yellow taxis and autorickshaws, with several drivers reporting wait times of three to four hours, compared to the usual 15 to 30 minutes.
Following Axis Max Life Insurance's second-quarter results for 2025-26, Sumit Madan, managing director and chief executive officer of the company, speaks to Aathira Varier and Subrata Panda/Business Standard about growth aspirations, strategies to offset the impact of the input tax credit (ITC) withdrawal, reverse merger plans, and more.
The matter has now been escalated and the ministry has written to Customs, Bureau of Indian Standards (BIS) and the Directorate of Revenue Intelligence (DRI) to investigate it thoroughly.
Over 100 flights were delayed at the Delhi airport on Friday morning due to technical problems with the air traffic control system and authorities are working to fix the issues, sources said.
'By quick, fast, and just awards, the insurance ombudsman can bring the trust of the policyholders in the insurance system and insurance as a product and create a positive impact on the entire industry.'
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.
'This game against Tottenham will be important for us... to be (around) the top of the league.'
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