Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced several new initiatives for Tirumala Tirupati Devasthanams (TTD), including Aadhaar-based devotee insurance for Rs 2 lakh, the establishment of an SV Museum by TCS Trust, and the introduction of electric buses donated by Reliance Foundation and Bharat Biotech. The plans also include global expansion of Srivari temples, improved Annadanam, integrated hospital services, and significant infrastructure development in Tirupati to make it a services and wedding destination with a Net Zero concept.
Protect your vehicle from the unpredictable monsoon season by understanding essential motor insurance add-ons like Engine Protect and Zero Depreciation, crucial for covering damages from floods, waterlogging, and preventing costly out-of-pocket expenses.
Trump has enacted a new law imposing significant sanctions on Russia and Iran, which could lead to tariffs of up to 100% on major energy importers like India and China.
Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to maintain zero-fee UPI transactions for several more years, arguing that the benefits of UPI as a public good outweigh the costs. This comes amidst the government's recent decision to introduce a 0.4% fee on person-to-merchant UPI transactions above Rs 2,000 from October 15, a move that has drawn criticism.
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
Mumbai is abuzz with Ganesh Chaturthi celebrations as Ganesha idols arrive in homes and pandals across the city. The 11-day festival, marked by devotional chants, elaborate pujas, and vibrant decorations, culminates in grand immersions on Anant Chaturdashi. The city is adorned with lights, and markets are bustling, while authorities have deployed extensive security measures to ensure safe festivities, despite recent idol collapse incidents.
The Indian government has dismissed concerns that the use of E20 fuel could affect the validity of vehicle insurance policies, stating that the ethanol blending programme remains safe, consumer-friendly, and economically beneficial.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
Major life insurers in India reported close to double-digit growth in the value of new business (VNB) last financial year, primarily driven by increased sales of high-margin protection and non-participating (non-par) products.
The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
The United States and the European Union have strongly criticised India's trade policies at the World Trade Organization review, highlighting concerns over high tariffs, quality-control orders (QCOs), and restrictions on digital trade and services, which they argue undermine India's economic openness.
Ahead of Ganeshotsav, which commences on September 14, Rediff's Divya Nair visits a workshop in Mumbai where young girls, most of them first-timers, are using their brushes to bring Lord Ganesha to life.
'In the current environment, India is effectively paying a premium for supply security and diversification.'
'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'
Tamil Nadu Chief Minister C Joseph Vijay announced official vehicles and a monthly allowance for MLAs to address public grievances and monitor government projects in their constituencies. This initiative aims to reduce financial burden, improve transparency, and ensure grassroots service delivery.
Today, many investors are less concerned about holding bullion physically. What matters more is gaining exposure to price movements. As a result, the new-age investment trend has shifted more towards ETFs.
Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.
As heart disease increasingly impacts young Indians, understanding the complexities of health insurance, including higher premiums, waiting periods, and the benefits of specialised cardiac policies, becomes vital for financial protection.
Retirement planning is not a test of how smart you are; it is a test of how well you control your behaviour.
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
High fees do not automatically translate into better teaching or stronger clinical exposure, points out Nayagam PP, career counsellor and founder of EduJob360.
The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.
'PowerBank-50 is now space proven, made in India, and ready for every satellite builder in the world.'
The Indian government has allocated an additional 2 million tonnes of surplus broken rice from FCI stocks for its ethanol blending programme, while simultaneously issuing a detailed rebuttal to widespread misinformation regarding the E20 fuel, addressing concerns from water consumption to engine damage and environmental impact.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
The death toll from the Moshi waste processing unit collapse near Pune has risen to nine after the body of the last missing person was recovered. The incident, which occurred on July 8, involved a three-storey administrative building collapsing due to an adjacent garbage mound landslide. The company operating the plant has offered compensation, medical expenses, and jobs to the victims' families, while describing the event as an "act of God."
Donald Trump announced he is replacing the 20% reimbursement fee for securing the Strait of Hormuz with massive trade and investment deals from Gulf States into the United States, while maintaining a full blockade on Iranian ship traffic.
Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.
With momentum building around the IPO, the NSE saw a surge in retail investors in the last two years, making it one of the widely traded stocks in the unlisted market.
Despite international crude oil prices falling to a four-month low, retail petrol and diesel prices in India are unlikely to be cut immediately because state-run refiners are still processing costlier crude purchased during the peak of the West Asia crisis, Oil Minister Hardeep Singh Puri said.
In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general licence authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.
Young buyers often underestimate future health risks.
The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
