Manufacture in India, build for the world: Sitharaman urges global investorsIn a strategic appeal, Finance Minister Nirmala Sitharaman encouraged global investors to set up manufacturing and innovation centers in In...
ET WLF 2026: GIFT City eyes reforms to bring offshore biz homeGIFT City is shifting its focus to bring India-related cross-border financial business home. The regulator aims to address product, experti...
India’s Reinsurance: Hidden tax or treaty? Best way to expand tax base is to redraw map of where business is doneIndian insurers transfer risk to global reinsurers, impacting tax treaties. These international agreements often prevent India from taxing ...
- Govt working on amendments to Actuary Act, 2006: DFS official
The Department of Financial Services is working with the Institute of Actuaries of India to amend the Actuary Act, 2006, a senior Finance M...
Climate damage: The next hit to Europe's public financesEurope's public finances face growing strain from uninsured climate damage, with recent extreme weather events having caused significant ec...
Corporate cover rates decline amid ample capacityInsurance rates for fire, cyber, professional indemnity and directors’ liability fell sharply in the June quarter as abundant capacity inte...
Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio CreditBank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of t...
US Stock Market: Berkshire steps up buybacks, boosts Alphabet stake as cash fallsBerkshire Hathaway began deploying its cash pile in Q2, buying nearly $20 billion more stocks than it sold and ending a 14-quarter selling ...
Berkshire Hathaway spends down cash pile under CEO Greg AbelBerkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks an...
Global Market: European shares rise as healthcare stocks offset geopolitical concerns; investors await US jobs dataEuropean stock markets edged higher on Friday, supported by gains in healthcare stocks, while rising oil prices and renewed Middle East ten...
Climate tech startup InRisk raises $27 million from Bessemer, othersClimate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint C...
IN-SPACe re-entry rules expose insurance crunchThe guidelines, issued by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) on July 23, cover planned re-entry missio...
IRDAI clears investments in private companies, eases infrastructure funding normsIRDAI has expanded insurers' investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, r...
State insurers quote low premiums to win NPCIL nuke insurance coverNuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year prope...
ProTec gets insurance licence; Irdai revamps key guidelinesProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...
CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stakeThe Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit...
Why El Niño's promise of a quieter hurricane season may not guarantee good news for insurersEl Nino traditionally lowers hurricane risk for insurers. However, coastal growth and rising property values change this assumption. Even q...