Shares of Indian life insurance companies, particularly SBI Life Insurance and Canara HSBC Life Insurance, saw significant declines after the Department of Financial Services (DFS) secretary, M Nagaraju, stated that banks are being asked to avoid exclusive tie-ups with their own insurance subsidiaries and instead remain neutral.
A major fire swept through a furniture market in Shastri Park, northeast Delhi, destroying numerous shops and resulting in significant financial losses. Firefighting operations continued overnight, with locals alleging delays in response.
Delhi has seen a significant increase in fire-related fatalities this year, with 45 deaths reported between January and May 27, according to Delhi Fire Services data. The summer months have seen a sharp rise in fire emergencies, with garbage and rubbish fires accounting for a significant share of incidents.
The Delhi Fire Service (DFS) had stated that the fire had broken out in the ministry of education office located in the SPA campus, but the government clarified it wasn't so.
A year after the devastating AI-171 Dreamliner crash near Ahmedabad, forensic scientists recount the immense emotional and scientific challenges faced in identifying the 260 victims. The director of Gujarat Directorate of Forensic Sciences, H P Sanghvi, shared the indelible image of a severed hand, symbolising the terror and the team's dedication.
A tragic accident on Delhi's Rajokari flyover resulted in the death of a 47-year-old woman and injuries to five others, including three children, after a car allegedly rammed into a tempo. The car driver has been apprehended and is suspected of being under the influence of alcohol.
A fatal road accident on Delhi's Rajokari flyover resulted in one death and five injuries, including three children, after a Toyota Innova allegedly rammed into a tempo. The Innova driver has been apprehended, with initial assessments suggesting he was under the influence of alcohol. Police have registered a case and are investigating the incident.
The Punjab Cabinet has approved a series of measures aimed at enhancing public safety through forensic science upgrades and boosting rural incomes with a new farm stay policy.
A truck driver has been arrested in Delhi after a multi-vehicle accident resulted in the deaths of three people, including a child, and injuries to four others. The driver was apprehended using CCTV footage after the truck rammed into an autorickshaw.
Fire-related emergencies in Delhi surged by 73% in April compared to March, with 32 deaths reported in fire accidents between January and April, according to official data from the Delhi Fire Services.
A house fire in Delhi's Tri Nagar area resulted in burn injuries to five people, including a young child. Fire services responded quickly to extinguish the blaze.
A fire in a residential building in Delhi's Vivek Vihar area resulted in the deaths of nine people. Rescue operations were carried out, and the cause of the fire is under investigation.
A 60-foot iron bridge collapsed in Delhi's Roop Nagar, resulting in the death of a woman. Rescue teams responded to the scene.
A toddler and four adults were rescued from a fire in a four-story building in Shalimar Bagh, northwest Delhi. The fire, believed to have started due to an electrical fault, was brought under control by Delhi Fire Services.
Researchers at IIT Bombay have proposed a new test, dynamical fidelity susceptibility (DFS), to measure the 'quantumness' of gravity, suggesting that conventional entanglement-based tests may be insufficient.
The reduction in the number of loan accounts and the outstanding amount during the last financial year is a cause of concern and stress for microfinance institutions (MFI), Secretary, Department of Financial Services, M Nagaraju said on Thursday, highlighting "inefficiency" in MFIs that leads to higher rates of interest.
A fire in a four-storeyed building in Delhi's Tri Nagar area injured six people, including a child. Police suspect a short circuit in the electric water motor caused the blaze.
Several schools in Delhi received bomb threat emails on Friday morning, causing widespread concern before authorities declared the threats a hoax. The emails contained disturbing content and prompted thorough search operations and heightened security measures.
Multiple schools in Delhi received bomb threat emails, leading to evacuations and security deployments. Authorities are investigating the source of the threats, which also mentioned a potential attack on Parliament.
Tensions flared in Delhi's Uttam Nagar after a man died following a clash during Holi celebrations, leading to protests and traffic disruptions.
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.
CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.
'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'
Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.
The government on Wednesday approved two schemes worth Rs 45,000 crore to help exporters tide over the impact of high tariffs imposed by the US on Indian shipments.
A wall collapse at a dargah near Humayun's Tomb in Delhi's Nizamuddin area resulted in five fatalities and several injuries. Rescue operations were conducted by multiple agencies.
A 25-year-old drug addict, upset over a family dispute, climbed onto the roof of Sanjay Gandhi Hospital in Delhi and threatened to commit suicide. He was safely rescued by authorities.
Seven people died after a wall collapsed near Mohan Baba Mandir in Jaitpur, Delhi, following heavy rainfall. Rescue operations were conducted by police, fire services, and NDRF teams. An investigation is underway to determine the cause of the collapse.
The Reserve Bank of India (RBI) brass, including its Governor Sanjay Malhotra, on Tuesday told a Parliamentary panel that it was "optimistic" about the impact of the US tariffs on the Indian economy and, in long-run, it could benefit the country due to dipping trade relations between the US and China.
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.
Four people died and three got injured in a fire that broke out at a five-storey building housing multiple manufacturing units in Rithala area of Delhi's Rohini, the police said on Wednesday.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
The United Forum of Bank Unions (UFBU) on Thursday said its two-day nationwide strike on March 24 and 25 will be observed as scheduled since discussions with the Indian Banks' Association (IBA) over key demands failed to yield any positive outcome. In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
Fair trade regulator CCI on Thursday ordered a probe against Google and its affiliates for alleged unfair business practices with respect to listing of real money gaming apps on Play Store. While passing the order, CCI said the "the Commission directs the Director General ('DG') to cause an investigation to be made into the matter under the provisions of Section 26(1) of the Act".
The Delhi Fire Services Chief Atul Garg has stated that no cash was found during firefighting operations at the residence of Delhi High Court Justice Yashwant Varma. The fire occurred on March 14 and was contained within a storeroom. The Supreme Court collegium has initiated an inquiry against Varma following allegations of a large stash of cash being discovered at his residence during the fire.
A video and inquiry report have raised questions about the Delhi Fire Services' claim that no cash was found at the official residence of Delhi High Court judge Justice Yashwant Varma during a fire incident on March 14. The video, which has gone viral on social media, shows fire fighters dousing flames on articles that appear to include half-burnt Indian currency notes. The Delhi High Court Chief Justice has initiated an in-house inquiry against Justice Varma and the Supreme Court has proposed his transfer to the Allahabad High Court.
'$125 million for the hull and the remaining of over $350 million for liability.'
Bank unions on Friday deferred their two-day nationwide strike beginning Monday after they received positive assurance from both the finance ministry and the IBA on their demands, including a five-day work week and adequate recruitment in all cadres. The strike call for March 24 and 25 was given by United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank employees' association.
A 22-year-old youth and a person with disability died, while at least 11 were injured, in separate rain-related incidents in the national capital on Wednesday evening. The incidents occurred amid sudden changes in weather in Delhi, as a rainy storm marked by hail wrecked havoc across the city, throwing traffic out of gear as far as Delhi-Noida, Delhi-Ghaziabad, and Delhi-Gurugram roads and uprooting several trees.
