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Mumbai: The recent exemption of retail health insurance from the goods and services tax regime has helped reduce premiums. But that alone is not enough to drive growth as the industry continues to battle issues such as high medical inflation, inadequate coverage, differentiated healthcare and claims experience, insurers said in a panel discussion at Mint's BFSI Conclave 2025. "The premiums have come down by 18%. Does it mean that everyone is going to take insurance? No, that's not going to happ ...Read More >
Themed 'Gateway to Growth: Harnessing Opportunities under India-UK CETA', the programme brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to deliberate on the transformative potential of the agreement for Indian exporters. The outreach event marked a crucial step towards strengthening India-UK trade ties and positioning Indian exporters to make the most of the CETA agreement. Anna Shotbolt, deputy trade commission ...Read More >
MUMBAI: The Reserve Bank of India (RBI) on Tuesday said governor Sanjay Malhotra will chair the six-member Payments Regulatory Board (PRB), which will regulate the payment systems. It will have three RBI members-deputy governor, executive director in charge of the Payment and Settlement Systems and the governor. For the first time, the board will have two government nominees: the secretary of the Department of Financial Services (DFS) and the secretary of the ministry of electronics and inform ...Read More >
New Delhi, Sep 30 (PTI) Shares of Man Industries on Tuesday dived nearly 11 per cent after Sebi barred the firm and its three senior executives from accessing the securities markets for two years and imposed a fine of Rs 25 lakh on each of them for alleged financial misstatement. Man Industries on Tuesday said the Sebi bar on the company and its senior executives from accessing the securities markets for two years carries no material impact on its current or future operations. The stock tanked ...Read More >
New Delhi, Sep 30 (PTI) Man Industries on Tuesday said the SEBI bar on the company and its three senior executives from accessing the securities markets for two years carries no material impact on its current or future operations. "With a strong order book, improving margins, disciplined governance, and a robust capex pipeline, the company is well positioned to deliver sustainable growth and value for shareholders," the firm, which is a leading global manufacturer and exporter of large diameter ...Read More >
MUMBAI: Mint Road observers are divided over the outcome from the three-day monetary policy committee (MPC) meeting beginning Monday, with some expecting the rate-setting panel to deliver yet another surprise rate cut on Wednesday, while others expect the status quo to continue. More economists are expecting the status quo wherein the Reserve Bank led MPC leaving the rates unchanged at 5.50, while two led by SBI's chief economist Soumya Kanti Ghosh and an economist at the Japanese brokerage Nom ...Read More >
Bhubaneswar: In a step toward citizen-centric governance, the Odisha government, in partnership with Meta, Friday launched 'Ama Sathi', a WhatsApp chatbot providing access to more than 120 citizen services for residents across the state. Odisha became the second state in India, after Andhra Pradesh, to adopt this initiative. Unveiled in the presence of Chief Secretary Manoj Ahuja, the initiative aims to provide convenient, last-mile access to essential public services. Through the chatbot, cit ...Read More >
New Delhi, Sep 15 (PTI) The Enforcement Directorate (ED) on Monday alleged that a number of Sahara Group assets, which were acquired out of the deposits collected from the public, were being disposed of in a "clandestine" manner via cash transactions. The federal probe agency filed a chargesheet in the matter before a special Prevention of Money Laundering Act (PMLA) court in Kolkata on September 6. It named Anil V Abraham and Jitendra Prasad Verma, both arrested in the case by the ED and pres ...Read More >
BHUBANESWAR/BALASORE: The 20-year-old student in Odisha's Balasore who set herself ablaze on the campus on July 12 had informed college authorities that her HoD had sought sexual favours from her six months ago, probe revealed Friday."The student, in a meeting conducted on June 30 at the office of then principal -- who is now suspended -- told everyone that the HoD had sought sexual favours from her. However, the HoD denied the allegation," said the in-charge principal of the govt college, addin ...Read More >
Kolkata: Bandhan Bank's net profit in the first quarter of FY 2026 recorded a 65% slump at Rs 372 crore compared with Rs 1,063 crore posted in the year-ago period. Partha Pratim Sengupta, MD and CEO of the bank, attributed the decline to stress in microfinance asset.Even though the bank's total business grew by 11% to Rs 2.8 lakh crore last year, a 119% rise in provisions due to write-offs and high slippages in the microfinance book brought its Q1 net profit down, Sengupta said. "The loan book c ...Read More >
Barclays faced a hefty fine from Britain's financial regulator. The penalty is due to lapses in evaluating money laundering risks. These lapses occurred while serving Stunt & Co and WealthTek. Stunt & Co was linked to a major money laundering operation. Barclays did not gather enough information. The bank also failed to properly vet Stunt & Co. Britain's financial regulator fined Barclays 42 million pounds ($56.31 million) on Wednesday for failing to evaluate money laundering risks while provid ...Read More >
Mumbai, Jul 17 (PTI) Axis Bank on Thursday reported a 3 per cent dip in its June quarter consolidated net profit at Rs 6,243.72 crore, impacted by the implementation of changes in non-performing assets and loan upgrade policy. On a standalone basis, the third largest private sector lender's net profit declined to Rs 5,806 crore from the year-ago period's Rs 6,034 crore, but was down sharply when compared with the quarter ago period's Rs 7,117 crore. The bank's core income showed low growth in ...Read More >
New Delhi, Jul 14 (PTI) Private sector lender Karnataka Bank on Monday said it has appointed Raghavendra Srinivas Bhat as its interim managing director (MD) and CEO for three months. The appointment is effective from July 16, 2025 for a period of three months or till the appointment of a regular MD and CEO whichever is earlier, Karnataka Bank said in a stock exchange filing. This comes after Srikrishnan Hari Hara Sarma resigned as MD and CEO on June 29 citing personal reasons including his dec ...Read More >
SRINAGAR, July 11: Director General of Police (DGP), J&K, Nalin Prabhat today chaired a high-level security review meeting in South Kashmir to assess the arrangements for the ongoing Shri Amarnathji Yatra. The meeting was attended by DIG South Kashmir Range Javed Mattoo, SSPs of South Kashmir districts, and senior officers from the Indian Army, CRPF and BSF. Addressing the meeting, the DGP lauded the dedication of all security forces in ensuring the safe conduct of the Yatra. He stressed the ...Read More >
Mumbai | New Delhi: Two years ago, Hein Schumacher, former chief executive of Unilever, and Rohit Jawa, managing director of Hindustan Unilever, took the corner office the same week in London and Mumbai, respectively. Even their mandates were similar-shift away from price-led growth after a period of high inflation and instead sharpen focus on expanding sales volume. For Unilever, it also meant restructuring its business worldwide, cutting costs, and shedding unviable businesses. However, when ...Read More >
MUMBAI: HUL on Thursday named Priya Nair, who heads parent Unilever's beauty & wellbeing business, as MD & CEO. Nair, who joined HUL 30 years ago, will be the first woman to lead the consumer goods giant. The London-based Nair, 53, will take over the corner office in Mumbai on Aug 1, succeeding Rohit Jawa who will step down as MD & CEO on July 31. Jawa, who led HUL for a little over two years, was appointed for a five-year term ending June 26, 2028. His predecessor Sanjiv Mehta had held the CEO' ...Read More >
NEW DELHI: More than 30 years after it mandated a 200-point-roster system for earmarking posts for Scheduled Caste and Scheduled Tribe candidates in direct recruitments, the Supreme Court has now identified staff posts reserved for SC and ST candidates but provided no quota for OBC candidates.The judgment in R K Sabharwal case was delivered by a five-judge bench on Feb 10, 1995, during the tenure of 26th CJI A M Ahmadi, but it will be implemented now during the tenure of 52nd CJI in Justice B R ...Read More >
New Delhi [India], July 2 (ANI): The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with effect from July 1. "As Executive Director, Kesavan Ramachandran will look after Department of Regulation (Prudential Regulation Division)," said the central bank in the statement. Also Read | India Developing Its Own Bunker-Buster Missile? Reports Say DRDO Modifying Agni-5 ICBM To Carry Massive Conventional Warhead. Prior to being promoted as Executive Directo ...Read More >
New Delhi [India], July 2 (ANI): The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with effect from July 1. 'As Executive Director, Kesavan Ramachandran will look after Department of Regulation (Prudential Regulation Division),' said the central bank in the statement. Prior to being promoted as Executive Director, Kesavan Ramachandran was serving as Principal Chief General Manager in Risk Monitoring Department. Ramachandran has experience of over t ...Read More >
New Delhi [India], July 2 (ANI): The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with effect from July 1. 'As Executive Director, Kesavan Ramachandran will look after Department of Regulation (Prudential Regulation Division),' said the central bank in the statement. Prior to being promoted as Executive Director, Kesavan Ramachandran was serving as Principal Chief General Manager in Risk Monitoring Department. Ramachandran has experience of over t ...Read More >
Bengaluru: A survey of transgenders across Karnataka is being done to help the government implement Karnataka State Policy on Transgenders, formulated in 2017, said Mahesh Babu, Managing Director of the Karnataka State Women's Development Corporation (KSWDC) on Saturday. According to Babu, the survey aims to gather information about the community's demographics, socio-economic conditions, and needs to help the government allocate resources for their welfare. He was speaking at an event, Rainbow ...Read More >
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