The Supreme Court is scheduled to hear on Wednesday a plea filed by the Assam government challenging the Telangana High Court’s order grant...

In a proactive move to strengthen the financial landscape, Indian regulators are gearing up to close the reporting voids surrounding insura...

The Delhi High Court has rejected Christian Michel James's petition seeking his release from jail. James is an alleged middleman in the Agu...

NeSL is providing instant access to digital default records for insolvency cases. This helps authorities quickly verify debt and claims. Am...

Insurance companies have issued over Rs 10,000 crore in Insurance Surety Bonds (ISB) for NHAI contracts, with 1,600 ISBs as bid security an...

India's budget has allocated ₹11.11 lakh crore for infrastructure development, focusing on industrial parks, housing, water supply, sewage ...

Regulatory changes and standardization are set to boost surety bonds introduced in 2022 by general insurance companies. These bonds will su...

In a workshop organized on Wednesday on the implementation of insurance surety bonds (ISB) for NHAI contracts, NHAI said out of the 164 ISB...

The Indian government is considering changes to the Insolvency and Bankruptcy Code (IBC) to give insurers the same status as banks in cases...

The Indian finance ministry has given the National Highways Authority of India (NHAI) and National Highways & Infrastructure Development Co...

Insurance surety bonds can be used as a substitute for bank guarantees in government procurement tenders. The Insurance Regulatory and Deve...

Surety bonds are legally enforceable tripartite contracts that guarantee compliance, payment and/or performance. The issuing insurer provid...

Surety bonds intend to solve this problem by looking at the previous track record of the contractors, their internal management and account...

The minister on Monday launched the country's first-ever surety bond insurance product for the infrastructure sector, which has been develo...

Speaking at the CII Global Economic Policy Summit, he said the product will boost liquidity in the infrastructure sectors. "On December 19,...

It is estimated that banks seek close to 30-50 percent of cash money margin (from smaller construction companies), which is then stuck in t...

"For surety market to develop in India and keeping in mind best practices observed in other markets, a robust legislation requiring surety ...