In its master circular on general insurance products, which takes immediate effect, Irdai specified, 'The customer may be required to submit only those documents directly related to claim settlement.'
India has reduced the time period for foreign investors to seek international arbitration from five years to three years as part of the recently signed investment pact with the United Arab Emirates (UAE), a departure from its model Bilateral Investment Treaty (BIT). Under the Investor-State Dispute Settlement (ISDS) mechanism, if the Indian judicial system is unable to resolve a dispute within this shortened period, investors can resort to international arbitration. The investment pact, signed on February 13 in Abu Dhabi, came into force on August 31, replacing the previous pact.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
With the privatisation of BPCL appearing inevitable, there are worries that the new promoter would soon move to lower wages.
Employees were told to return to work from Monday onwards for a fresh start for improved production.
The situation in Syria remains a focal point for all the neighbouring nations after Syrian rebels on Sunday entered the capital Damascus, forcing Assad to flee, ending his over two-decade rule in the country.
Heavy rains packed with gusty winds lashed Odisha and parts of southern West Bengal as the landfall process of the severe cyclonic storm Dana was complete on Friday morning with no loss of life.
Abul Kalam Azad chose not to contest Congress Presidency and to throw his weight behind Nehru, instead of Patel, a decision he would come to regret. Patel would have seen his plan through, while Nehru, in Azad's opinion 'gave Jinnah the opportunity to sabotage' it, notes Aakar Patel.
Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.
Apart from recruiting 18,000 women in state's police force, Thackeray said all female police stations will also be established in Maharashtra.
A first information report (FIR) has been filed against four people in connection with the suicide of a 34-year-old deputy general manager of a private firm, Atul Subhash, who died by suicide, accusing his wife, her family members, and a judge of harassment, extortion, and corruption.
'Netanyahu lured Trump into a trap by enticing him with a seductive scenario of massive lucrative business in Gaza's reconstruction.' 'Trump's imagination is running riot, completely disconnected from ground realities,' asserts Ambassador M K Bhadrakumar.
India and Russia on Tuesday set a target of $100 billion in annual trade volume by 2030 and vowed to develop a robust bilateral payment settlement mechanism using national currencies. The two sides also inked a total of nine agreements to further broadbase cooperation in a range of areas including in the economic domain following summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin.
Akbar had filed the complaint against Ramani for allegedly defaming him by accusing him of sexual misconduct around 20 years ago when he was a journalist. Ramani had said the allegations against Akbar, made in the wake of #MeToo movement in 2018, were her truth and were made in public good.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
"My son used to say that there is a lot of corruption but he will fight as he is on the path of truth. He was broken from inside, though he didn't tell anyone anything," Subhash's father Pawan Kumar told ANI.
As part of the agreement, McDonald's has acquired 50 per cent voting equity shares in Connaught Plaza Restaurants, held by Bakshi and his affiliated entity since inception.
United States President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil.
Experts say Future group will look for an out-of-court settlement with help from Reliance in the Amazon matter.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
'When you try to do something that's not been tried before, nobody likes that.'
Shah said the Modi government has given highest priority to peace and development in the Northeastern region.
Is there any use of a policy for which you keep paying premiums for 20 to 30 years and in the end your claim gets rejected? Harjot Singh Narula offers advice on how not to get your claim rejected
Odisha Chief Minister Mohan Charan Majhi on Friday claimed that the state has achieved its 'Zero Casualty Mission' as there has been no report regarding any loss of human life or injury in the severe cyclonic storm Dana which made landfall in the coast on Thursday night.
Edtech firm Think and Learn, which owns Byju's brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT's decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's.
Around six weeks ago, Sun Pharmaceutical Industries, India's largest drugmaker, suffered a setback, which led to a selloff in the share. The US District Court of New Jersey granted Incyte's request for a preliminary injunction against Sun Pharma's launch of Leqselvi, a drug that treats alopecia.
The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made on Tuesday. The overall quantity of the precious metal stored in local safes stood at 510.46 metric tonnes as of September 30, which was up from over 408 metric tonnes as on March 31, 2024. The central bank said it added another 32 metric tonnes of gold reserves in the six-month period to take the overall tonnage to 854.73 metric tonnes, as per the half yearly report on management of foreign exchange reserves.
Over 100 writers, translators, and publishers have signed an open letter accusing the "JCB Prize for Literature" of hypocrisy, highlighting the British bulldozer manufacturer's role in demolitions across India and Palestine. They argue that the JCB's involvement in these projects contradicts its purported support for marginalized and diverse writers. The letter was released ahead of the announcement of the JCB Prize for Literature winners on November 23.
Markets regulator Securities and Exchange Board of India (Sebi) is stepping up efforts to ease the onboarding of foreign portfolio investors (FPIs) and has constituted a cell for consultations with offshore investors and custodians, said whole-time member Ananth Narayan. Sebi is also working to make regulations more "light-touch" for FPIs that invest exclusively in government securities or are sovereign funds. The regulator is trying to make the registration process easier for such FPIs, the Sebi official said at the CII Financing 3.0 Summit in Mumbai.
The government is planning to introduce legislative changes to the Foreign Exchange Management Act (Fema) regulations, with a focus on easing the pathway for inflows from a foreign portfolio investor to transition seamlessly into foreign direct investments (FDI) once the FPI surpasses the 10 per cent ownership threshold in a company. This move stems from multiple requests by foreign investors seeking to streamline the reporting requirements that arise when their stakes in Indian firms cross the 10 per cent mark.
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047, from the current $3.6 trillion. India is currently the fifth largest economy.
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
Representatives from Kuki-Zo communities said their demands have crossed the point where they wanted President's rule to be imposed in the state, and now they see a Union Territory with legislature on the lines of Puducherry carved out of Manipur as the only solution to the ongoing strife.
Housing prices in India have fallen by over a tenth in real terms. Yet, prices are unaffordable for most Indians. Middle-income Indians are seen to be able to afford houses if the price-to-income ratio is five. It is 11 in India.
Edtech company Byju's, which was once India's most valuable start-up worth an estimated $22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI. The Bengaluru bench of the National Company Law Tribunal (NCLT) on Tuesday allowed bankruptcy proceedings against the firm and appointed an interim resolution professional, suspending the company's board of directors and freezing its assets.
Her remarks came as she responded to social media posts which claimed that the Gandhi Development and Phoenix Settlement Trust deliberately left out Hindu prayers at an interfaith meeting hosted at the Phoenix Settlement, which her grandfather started during his tenure in Durban.
Jay Shah will not step down from his current role as BCCI Secretary during the upcoming AGM, as he is scheduled to assume his new position only from December 1.
Motor insurance is expected to generate largest claims for the companies whereas for crop insurance, the Agriculture Insurance Company is expecting claims of about Rs 15-16 crore
'The impact of CBDC on deposits and deposit insurance is largely unknown.'
