Brookfield Asset Management will invest $1 billion to develop Asia's largest global capability centre (GCC) in Mumbai's Powai, the New York-based global alternative asset manager said in a statement on Friday. The infrastructure arm of Canada's investment firm will develop the campus across 6 acres with 2 million square feet that can be let out.
The announcement comes a day after the state government proposed renaming a prominent stretch of road, running alongside the US consulate general, in Hyderabad as Donald Trump Avenue.
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.
The Supreme Court has agreed to hear a review petition filed by ISKCON India regarding the ownership of the Hare Krishna temple in Bengaluru, reopening a long-standing legal dispute with the Bengaluru faction of ISKCON.
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 Supreme Court criticized the Haryana government for uprooting 40 trees to build a road to a BJP office in Karnal, demanding a remedial plan and warning of consequences.
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.
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 natural barrier that is Aravalli, you are demolishing it, then who will stop the desert?' 'In future, I predict that people will roam around with oxygen cylinders in Delhi because they won't be able to breathe.'
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.
'We are expecting investment, public and private, of around Rs 40 trillion by 2029.'
Maharashtra Cultural Affairs Minister Ashish Shelar has directed the MMRDA to scrap the proposed Bollywood theme park project under a Metro rail corridor following opposition from citizens groups. The funds will be diverted to other priority development projects.
A monorail train tilted during a test run at Wadala depot in Mumbai. No passengers were on board, and no injuries were reported. The incident occurred during signalling trials, and the train suffered some damage.
'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.'
Tejashwi Yadav, the INDIA bloc's CM candidate, promised to scrap the Waqf (Amendment) Act if voted to power in Bihar, criticizing the current CM and the BJP.
'...yet struggles to convert that human capital into domestic productivity.'
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.
Chatterjee had quit the TMC in November 2018, resigning as minister, mayor and district president, citing personal reasons.
Sri Lanka stays with you not just in memory, but gently reminds you what a society can achieve when heart and heritage guide the way.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
'It will support our growth aspirations. It's very positive as it helps expand the market in a segment that really needs it.'
The West Bengal government has transferred over 500 bureaucrats ahead of the Special Intensive Revision (SIR) of electoral rolls. The move has drawn criticism from the opposition BJP, who allege it is an attempt to manipulate the electoral process.
The Navi Mumbai International Airport will be inaugurated on October 8, Adani Group chairman Gautam Adani said on Wednesday. The airport, which received the aerodrome licence from aviation safety regulator DGCA on Tuesday, is being developed in multiple phases.
'It's a dream that I have achieved.'
The Unified Pension Scheme (UPS) adoption rate has risen to over 4.35 per cent, with more than 100,000 people out of 2.3 million eligible individuals opting for it, Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann said in an exclusive interview with Business Standard on Monday. He also said that six states had approached the PFRDA for help in adoption of the scheme.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
Those who have long retirement horizons of 15 to 20 years and seek higher long-term returns may opt for MSF. Investors nearing retirement (under 10 years) or those with low risk tolerance should stay away.
'The informal sector can grow at a 100 per cent rate -- we have to plan big.'
The All India Insurance Employees' Association has opposed the government directive seeking to open up top posts in the state-owned insurers to the private sector, saying this would lead to greater private influence and "eventual privatisation".
The mobile app enables commuters to book a single QR-based digital ticket usable across Metro, Monorail, buses and local trains in the city and surrounding regions.
To handle the sudden loss of cashless facility, patients should maintain an emergency fund or a short-term credit line to manage all or part of hospitalisation costs.
Five associates of controversial cleric Maulana Tauqeer Raza have been issued recovery notices of over Rs 1.25 crore for alleged power theft at e-charging stations in Bareilly. Authorities are cracking down on illegal activities linked to the cleric and his associates.
Cuttack remains tense following violence during a Durga idol immersion procession. Internet services are suspended, and political leaders appeal for communal harmony.
Security was beefed up in Bareilly after violence following Friday prayers the previous week. Prayers passed off peacefully with heavy security presence and appeals for peace from religious leaders. Restrictions remained in place and arrests were made in connection with the previous violence.
The West Bengal Police on Tuesday afternoon reconstructed the crime scene with the five accused and the friend of the Durgapur gangrape victim, as part of the investigation, a senior officer said.
Part-I of this three-part series dives into Delhi-NCR's SPR, Sohna, Dwarka Expressway, and Jewar Airport leading the charge.
Police on Monday detained a close associate of cleric and Ittehad-e-Millat Council chief Tauqeer Raza Khan in connection with the recent violence in Bareilly during a protest in support of the 'I Love Muhammad' campaign, officials said.
A monorail train in Mumbai experienced a technical malfunction, causing it to halt. All passengers were safely rescued. This is the second such incident in less than a month.
Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
Authorities in Bareilly have identified and are taking action against allegedly illegal properties linked to associates of Ittehad-e-Millat Council (IMC) chief cleric Tauqeer Raza Khan following violent clashes in the city.
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