India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi [India], June 5: Reviewing your car insurance isn't just a yearly formality -- it's a smart way to keep your coverage in sync with how you drive your four-wheeler. Whether you've moved cities, upgraded your car, changed your commute, or bought a second-hand vehicle, your policy should reflect those changes. A regular review ensures your premiums, add-ons, and IDV still make sense and that you're not missing out on better deals. Thanks to online platforms, reviewing and updating your policy is now quick, easy, and hassle-free. Introduction When it comes to protecting your vehicle, buying car insurance online is a great first step. But your job doesn't end there. Just like your lifestyle and driving habits evolve, your policy needs regular attention to stay relevant. Insurance is a safety net -- but it's the right fit only if it meets your requirements. When Should You Renew Your Car Insurance Policy? Let's break this down based on real-life situations that are common in India. Most of us don't drive the same way or live the same life year after year. Reviewing your policy ensures your coverage grows with you. Set a reminder -- once every 12 months, sit down and go through your car insurance policy. Check if: ● Your premium still fits your budget ● Coverage types still make sense for your car usage ● You've added any accessories or upgrades worth covering ● Any previous claims affected your No Claim Bonus (NCB) Even if nothing big has changed, an annual review ensures you're not missing out on better rates or relevant add-ons. And with insurers frequently updating their offerings, there could be a better deal waiting for you. 2. Before Your Policy Expires This essential. Don't wait for your renewal SMS or call from your insurer. Start reviewing your policy 15 to 30 days before the expiry date. Driving without mandatory third-party insurance can lead to hefty fines or even legal issues. ● Ensure the IDV (Insured Declared Value) is correctly updated You must avoid making last-minute decisions and maintain continuous coverage. Break-in policies (renewals after expiration) may result in vehicle inspections, delays, or policy rejection. 3. After Major Life Events Your lifestyle affects your risk profile. That means life changes often signal it's time to review your policy. For instance: ● You moved cities: New areas may have higher accident or theft rates, which may change your premium. ● Your daily commute changed: Driving more increases your exposure to risks. ● You got married: You might want to include your spouse in the policy or change ownership. ● You bought a new or used car: Policy coverage should match your vehicle's value and condition. Each of these scenarios deserves a fresh look at your car coverage. 4. After Any Vehicle Upgrade or Modification Car owners often modify their vehicles -- adding CNG kits, new alloys, or infotainment systems. But did you update your policy after making these changes? ● Some insurers might even reject claims related to unreported modifications Whenever you invest in your car, take some time to review your policy. 5. If You Switch to a Second-hand Vehicle Buying a used car is a common practice, but many people overlook the importance of proper insurance during this process. If you're buying a used car, reviewing the second-hand car insurance is crucial. ● It includes benefits like personal accident cover, if required Skipping this step may leave you without protection, even if you assume the previous owner's policy is valid. Why Policy Reviews aren't Just a Formality Many people renew their car insurance only because it's legally required. While that's important, what really matters is whether your policy still meets your current needs. Life doesn't stay the same, and neither should your insurance. ● Unwanted out-of-pocket expenses after an accident Key Things to Look for During Car Insurance Renewal When you sit down to review your policy, here's what you should be checking: A. Coverage Type Do you have third-party or comprehensive insurance? Does your lifestyle or car usage demand something more? For example, if your car is mostly parked and rarely driven, you might want to lower your IDV to save on premiums. If you take long trips or own an expensive car, a comprehensive plan with additional add-ons may be a better fit. B. Policy Exclusions Know what's not covered. Every policy has exclusions. Common ones include: ● Damages from war, nuclear risks, or intentional acts C. Add-On Requirements Does your current plan include zero depreciation? Engine protection? Roadside assistance? You may want to consider these add-ons as they can save you big money during claims. D. Premiums and Discounts You might be eligible for discounts you didn't know about. These could include: ● Bundling policies with the same insurer These can help reduce your costs. Is It Easy to Review Policies? Thanks to digital platforms, policy reviews no longer require agent appointments or huge documentation. With just your policy number and vehicle details, you can: Many platforms offering car insurance online also allow you to schedule reminders, view claim history, and calculate updated premiums. This makes annual or situation-based reviews much easier. Conclusion Your car insurance policy isn't just paperwork -- it's your safety net. Review it yearly, update it after changes, and stay informed. Timely reviews provide you with peace of mind, enhanced protection, and long-term savings. Don't wait -- put your policy review date on your calendar today. Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. Also Read | Ganeshotsav 2025: MSRTC To Run 5,000 Special Buses to Konkan From August 23 to September 7, Transport Minister Pratap Sarnaik Announces; Group Bookings Start July 22. "At Li ...Read More >
BusinessWire India Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended that two-wheeler owners get one, and we have covered the reasons for this in this guide. How are Comp ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
PTC Web Desk: India is expected to witness a massive nationwide shutdown (Bharat Bandh) on July 9 as over 25 crore workers from key critical sectors, including banking, insurance, postal services, coal mining, highways, and public transport -- gear up for a day-long Bharat Bandh. The strike has been called by 10 central trade unions and their allied organisations to protest against the Centre's economic and labour policies, which they allege are anti-worker, anti-farmer, and pro-corporate in nature. Who is participating in the strike? More than 25 crore workers are expected to take part in t ...Read More >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
CNG supply in Mumbai was disrupted on Sunday following damage to a main gas pipeline operated by GAIL, PTI reported. Mahanagar Gas (MGL) said the incident affected gas flow to its City Gate Station (CGS) at Wadala, impacting CNG availability across the network. A large share of the city's autorickshaws, taxis -- including those operated by ride-hailing firms -- and several buses run by public transport undertakings rely on CNG supplied by MGL. The company said it had prioritised piped natural g ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
Mumbai: Jio Financial Services Limited (JFSL) has announced a special festive campaign "Jio Gold 24K Days", which allows customers to start investing in gold with as little as Rs 10. The scheme also gives buyers a 2 per cent gold bonus and prizes worth Rs 10 lakh on purchases made during Dhanteras and Diwali. As part of the limited-period offer, customers purchasing digital gold worth Rs 2,000 or more between October 18 and 23, 2025, through the JioFinance or MyJio apps, will receive 2 per cent additional gold, credited directly to their gold wallet within 72 hours. Those buying gold worth ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
The Regional Transport Authority (RTA) of Bangalore Urban District has announced a revision in auto-rickshaw fares within the jurisdiction of the Bruhat Bengaluru Mahanagara Palike (BBMP). The new fare structure, approved after months of discussion and review, will come into effect from 1 August 2025, impacting thousands of daily commuters and drivers across the city. Bangalore Auto-Rickshaw Fare Hike: Minimum Fare Increased to Rs 36, Rs 18 for Each Additional Kilometre Under the revised guidelines, the minimum fare for the first two kilometres of travel in an auto-rickshaw has been increase ...Read More >
Mumbai, April 1: More than 400,000 KitKat chocolate bars, weighing around 12 tonnes, have been stolen from a delivery truck during transit across Europe, manufacturer Nestlé confirmed. The shipment, consisting of 4,13,793 bars, went missing while being transported from a factory in central Italy to Poland. The vehicle and its cargo remain unaccounted for, with investigations ongoing in coordination with local authorities and supply chain partners. The company has stated that each stolen bar is traceable through unique batch numbers printed on the packaging. Consumers are now being encouraged ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Banks use locker scarcity to pressure customers into investments. A customer at a private bank walked in to request a locker, a fairly routine banking need. He was ready to meet the formal requirements, including maintaining a fixed deposit linked to the locker. But instead of a simple application process, he was given a choice. Buy a ULIP worth around Rs 1 lakh. Or take a term insurance policy of about Rs 40,000. Only then, he was told, could his locker request be considered. The customer (w ...Read More >
Tesla's entry into the Indian market has spurred insurance companies to offer specialized EV coverage. Liberty General Insurance and ACKO have been selected as insurance partners, providing tailored protection plans for Tesla owners. Zurich Kotak General Insurance has also launched 'EV Protect,' a comprehensive add-on cover for electric vehicles, including Tesla, ensuring peace of mind for EV owners. As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and AC ...Read More >
Shimla, Jul 17 (PTI) Himachal Pradesh High Court has directed the state government to remove encroachments on forest lands, including the fruit-bearing trees, all across the state and not limit it to some areas. The order was passed by a division bench consisting of Justices Vivek Thakur and Bipin C Negi on Wednesday after the Advocate General placed on record fresh instructions issued by Principal Chief Conservator of Forests, informing that 2,456 apple and other fruit trees have been felled from forest lands in Chaithla village, and 713 and 490 trees in Rohru and Kotgarh forest divisions, r ...Read More >
New Delhi [India], March 2 (ANI): The central government has retained an 8.25 per cent annual rate of interest to be credited on Employees' Provident Fund (EPF) accumulations in members' accounts for the financial year 2025-26, according to the Ministry of Labour and Employment of India. The interest rate would be officially notified by the Government of India, following which the Employees' Provident Fund Organisation (EPFO) would credit the rate of interest into the subscribers' accounts. This comes as Union Minister for Labour and Employment Mansukh Mandaviya on Monday chaired the 239th m ...Read More >
Mumbai (Maharashtra) [India], December 4: Turtlemint, a leading InsurTech platform, has experienced exponential growth driven by a surge in its motor insurance business during the festive season of FY'25. The company has issued over 4 lakh motor insurance policies through its extensive network of insurance advisors, marking an almost 200% increase in sales compared to the same period last year. Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State's Winter Capital. According to Turtlemint's data for FY25, the period starting ...Read More >
Jaipur: Two workers died while five others are feared trapped after soil caved in during pipeline excavation work in Rajasthan's Bharatpur on Sunday morning, police said. According to officials, some labourers were filling a 10-foot-deep trench dug to lay a pipeline near Jangi ka Nagla village when the soil caved in. Twelve workers got trapped under the soil. Upon hearing the cries, other labourers and project staff started rescue attempts, but the depth and heaviness of the soil made immediate efforts difficult, they said. District administration, police and disaster management teams reach ...Read More >
New Delhi [India], July 17 (ANI): The insurance industry in India is witnessing a slowdown, mainly due to the moderation in auto sales and a drop in corporate policy renewals, according to a recent research report by Nuvama. The report stated that the industry growth is expected to remain weak, largely driven by a slowdown in motor sales and lower corporate policy renewals. However, the impact of muted auto sales may be partially balanced by the recent hike in third-party (TP) premiums. The report also noted that large incumbent insurers may benefit from the stricter implementation of Expens ...Read More >
NEW DELHI: The US embassy in India has warned that "committing assault, theft, or burglary in the United States won't just cause you legal issues -- it could lead to your visa being revoked and make you ineligible for future US visas". The warning was issued days after a video of an Indian woman who tried to leave a store with a cart full of items without paying went viral. This also prompted the embassy to say, "The US values law and order and expects foreign visitors to follow all US laws."Responding to queries on the issue, the ministry of external affairs said that "whether a person is liv ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
VMPL Mumbai (Maharashtra) [India], December 4: Turtlemint, a leading InsurTech platform, has experienced exponential growth driven by a surge in its motor insurance business during the festive season of FY'25. The company has issued over 4 lakh motor insurance policies through its extensive network of insurance advisors, marking an almost 200% increase in sales compared to the same period last year. According to Turtlemint's data for FY25, the period starting from August to October has resulted in an increase in the total premium for motor insurance by 2.3 times from last year. A deeper dive ...Read More >
New Delhi: Vi (Vodafone Idea) has introduced a new prepaid plan, which offers handset theft and loss insurance along with mobile recharge plans, the first of its kind in the Indian telecommunication industry. The new plans will enable prepaid users to have theft or loss insurance on their smartphones without purchasing an insurance policy. The company indicated that the initiative responds to an increasing consumer issue with the rising cost of smartphones and their necessity, which is considered to be very crucial to their daily lives. Since accidental damage is the only feature on most insu ...Read More >
New Delhi: Banks in India cannot see, record or inspect the valuables customers store in bank lockers, Union Finance Minister Nirmala Sitharaman told the Lok Sabha during Question Hour on 30 March 2026. She said this would violate banking regulations and customer privacy, and ruled out the possibility of differential insurance coverage based on the contents of lockers. Under the current framework, standard insurance compensation for locker loss is capped at 100 times the annual locker rent, and banks are not allowed to appraise or catalogue the items held inside lockers. The clarification fol ...Read More >
Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. Also Read | Australia Squad for ICC U19 Women's T20 World Cup 2025 Announced: Fifteen-Year-Old Caoimhe Bray Included. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended tha ...Read More >
PNN Mumbai (Maharashtra) [India], December 18: The term insurance vs savings plan has already brought a lot of comparisons many people continue to face in the dynamic world of financial planning. Indeed, both are very useful, but they serve two different purposes. Term insurance is used to offer your dependents protection financially while saving plans are useful in accumulating money for use at some later time. In this blog, we have covered the term plan vs savings plan differences, their benefits, and their role in financial planning. What is Term Insurance? Term insurance is a life insur ...Read More >
Gurgaon: The India Meteorological Department (IMD) has issued an orange alert for heatwave conditions in the southern and southwestern parts of Punjab and Haryana from June 9 to 11, warning of a sharp rise in temperatures that could touch 43-46°C in some areas. According to the Meteorological Centre in Chandigarh, maximum temperatures across southern and western Punjab were already hovering between 40°C and 42.6°C on Sunday, with Bathinda recording the highest at 42.6°C. Meanwhile, northern and eastern parts, including Chandigarh, saw temperatures between 37°C and 40°C.IMD forecast that maximu ...Read More >
Consequently, the standing deposit facility (SDF) rate remains at 5 per cent and the marginal standing facility (MSF) rate and the bank rate remain at 5.5 per cent. The committee, which held its 60th meeting from April 6 to 8 under the chairmanship of RBI governor Sanjay Malhotra, also decided to continue with the neutral stance, the monetary policy statement released after the meeting said. Elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait of Hormuz would act as a drag on domestic production in fiscal 2026-27 (FY27), the statement noted. ...Read More >
Kolkata (West Bengal) [India], June 29 (ANI): Several Bharatiya Janata Party (BJP) leaders and its workers were detained by the police as they were protesting at Lalbazar against the alleged gangrape incident at South Calcutta Law College. Claiming links between the accused in the gangrape of a law student in Kolkata and top TMC leaders, the opposition Bharatiya Janata Party (BJP) has demanded the resignation of West Bengal Chief Minister Mamata. Also Read | Bhopal's Aishbagh Railway Overbridge Sparks Outrage Over Hazardous Design; MP CM Mohan Yadav Suspends 8 Engineers, Orders Inquiry. The ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been locked inside the car for several hours. The extreme heat and humidity had made his condition critic ...Read More >