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New Delhi, Oct 26 (PTI) Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 m ...Read More >
Hyderabad: Alerted by the private bus fire accident which claimed 19 lives on Friday in Kurnool district, the Telangana Road Transport Authority (RTA) and Hyderabad traffic police on Saturday conducted surprise inspections across the city and seized private travel buses for not adhering to the safety norms. Officials said that several violations were detected during the inspections and hefty penalties were imposed on private travel buses operating on long distance routes. Officials said that sl ...Read More >
NEW DELHI: Congress Saturday demanded that Parliament's Public Accounts Committee (PAC) probe the LIC after a Washington Post report claimed the state-run insurer made huge investments in Adani Group securities after they took a beating in the markets. Congress spokesperson Jairam Ramesh termed the report a "disturbing revelation" about the savings of LIC's 30 crore policyholders being "systematically misused" to benefit Adani Group. Congress president Mallikarjun Kharge took a swipe at the govt ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
Vijayawada: In the wake of the recent Kurnool bus accident that claimed 19 lives, the Andhra Pradesh Transport Department has intensified its state-wide enforcement drive to ensure safety compliance among private travel buses operating with All India Permits. Over the last two days, officials have registered 289 violation cases, seized 18 buses, and collected Rs 7.08 lakh in compounding fees. They are inspecting the buses to find out whether they are having valid documents and their validity a ...Read More >
New Delhi: The Congress party on Saturday demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation of India (LIC) following a US media report alleging the public sector company made significant investments in Adani Group's securities after they suffered market losses. However, the LIC denied the allegations, calling them "false, baseless, and far from the truth." The opposition party's attack was spurred by a report in The Washington Post, which, ci ...Read More >
New Delhi: The Congress on Saturday alleged that the government drafted and pushed through a proposal to invest ₹33,000 crore of Life Insurance Corporation (LIC) funds in various Adani Group companies in May 2025 in order "to signal confidence in the Adani Group" and to "encourage participation from other investors". Citing a media report, the party also asked "under whose pressure" did the officials of the ministry of finance and Niti Aayog "decide that their job was to bail out a private comp ...Read More >
Billionaire investor Gautam Adani, left, and Narendra Modi, the prime minister of India. (Illustration by Chelsea Conrad/The Washington Post; Bloomberg and AFP/Getty Images; documents obtained by The Washington Post) NEW DELHI -- Debt was piling up quickly this spring for Gautam Adani -- owner of a vast empire of Indian coal mines, airports, seaports and green energy ventures -- and the bills were coming due. India's second richest man, whose net worth hovers around $90 billion, had been charg ...Read More >
New Delhi, Oct 25: The Congress, on Saturday, demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation (LIC) following an US media report that the public sector company made huge investments in Adani Group's securities after they took a beating in the markets. However, the LIC denied the allegations as "false, baseless, and far from the truth". Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC's 30 crore ...Read More >
Life Insurance Corp. of India said it makes independent investment decisions, pushing back against a Washington Post report that alleged Indian officials influenced the company to plow money into billionaire Gautam Adani's businesses. LIC, the country's largest institutional investor, gets board approval and carries out due diligence before making investments, it said in a post on X. The state-run insurer denied the Post report on Friday that said government officials pushed a proposal in May f ...Read More >
The Life Insurance Corporation of India (LIC) on Saturday denied the allegations made in a report by The Washington Post, which claimed that the company's investment decisions were influenced by external factors. It accused the report of trying to damage its reputation. The report alleged that Indian officials had drafted a proposal to channel nearly USD 3.9 billion (about Rs 32,000 crore) from LIC into companies owned by the Adani Group. Refuting the claims, LIC stated, "No such document or p ...Read More >
HYDERABAD: The Kaveri Travels sleeper bus involved in Friday's tragic accident had a troubling record, racking up 16 traffic violations in Telangana, with fines totalling Rs 23,000, despite holding valid fitness, permit and insurance documents, officials said. Records reveal that the seven-year-old Scania bus (registration number DD01N9490) was registered under the Rayagada Regional Transport Office (RTO) in Odisha on August 8, 2018. The vehicle carried a base tourist permit issued by Odisha a ...Read More >
Hyderabad: The Kurnool bus fire tragedy exposes a systemic failure rooted in compromised bus ergonomics, expired safety certifications and lax enforcement where profit-driven private operators routinely bypass national safety standards, leaving passengers trapped in death traps disguised as transport. The bus operated by Vemuri Kaveri Travels had all critical documents, including fitness, insurance, tax, pollution and permits, that had expired for over a year and carried 16 pending traffic chal ...Read More >
Kurnool, Oct 24 (UNI) In a ghastly road accident, 19 bus passengers and a motorcyclist were charred alive when a Bangalore-bound private bus caught fire after hitting a motorcycle in Kurnool district of Andhra Pradesh in the wee hours on Friday. According to DIG Koya Praveen, the ill-fated bus, belonging to Vemuri Kaveri Travels, burst into flames after colliding with a motorcycle coming from the opposite direction. The bike got stuck under the bus, rupturing its fuel tank. The petrol spilling ...Read More >
New Delhi, Oct 24 (PTI) SBI Life Insurance Company on Friday reported a net profit of Rs 494.6 crore for September quarter of the current fiscal (FY26), marking a year-on-year decline of 6.6 per cent. The insurer had a net profit of Rs 529.42 crore in the same quarter last year. The company's net premium income during the quarter under review rose to Rs 24,848 crore from Rs 20,266 crore registered a year ago, according to a stock exchange filing. Amit Jhingran, MD & CEO of SBI Life welcomed t ...Read More >
Gurugram (Haryana) [India], October 24: PB Wheels, a brand of PB Fintech group, recently expanded into preventive and end-to-end car maintenance services, scaling up its car care offerings for customers across India. With this expansion, PB Wheels now provides a comprehensive suite of services, including motor insurance claims facilitation, repairs, servicing, preventive maintenance, and value-added car care solutions. Also Read | Jammu and Kashmir: Man Sentenced to Life Imprisonment for Raping ...Read More >
New Delhi: Delhi govt on Thursday notified its decision to engage women workers at shops and commercial establishments on night shifts with their mandatory written consent.Every employee will be entitled to double pay for overtime and a maximum of 48 hours of weekly duty in accordance with Delhi Shops and Establishment Act 1954. Internal complaints committees will also be formed, govt stated. Lieutenant governor VK Saxena had approved the proposal earlier this year.According to the two additions ...Read More >
Patna: Taking a cue from NDA's Mukhya Mantri Mahila Rojgar Yojana scheme to reach out to the vast women voter base across Bihar, RJD leader Tejashwi Prasad Yadav on Wednesday promised permanent govt jobs to Jeevika didis with a monthly salary of Rs 30,000 and interest-free loan, if the INDIA bloc is voted to power.While it remains to be seen how the voters react to the announcement, political commentators see this as an attempt to smartly counter PM Narendra Modi-launched scheme where Rs 10,000 ...Read More >
Vijayawada: The state government approved 281 projects worth Rs 10,319.93 crore under the AMRUT 2.0 programme to upgrade water supply and sanitation systems in urban areas across the state. The projects will be implemented under the Concessionaire Hybrid Annuity Model through the Andhra Pradesh Urban Finance and Infrastructure Development Corporation (APUFIDC). The projects were cleared under the Revised State Water Action Plan Tranche I and II. Of the total project cost, Rs 6,477.03 crore has ...Read More >
(Reuters) -Walmart will become the first U.S. retailer to sell Abbott Laboratories' over-the-counter continuous glucose monitor Lingo in physical stores, an Abbott spokesperson said on Tuesday. Abbott's device, which was previously available only at HelloLingo.com and Amazon, will now be sold in Walmart's 3,500 stores across the U.S. Continuous glucose monitor makers such as Abbott, Dexcom and Medtronic are riding a surge in demand as diabetes awareness rises, insurance coverage expands and pa ...Read More >
The Motor Accident Claims Tribunal has directed the insurance company, driver and owner of a car to pay Rs 32.44-lakh compensation along with interest at the rate of 9% per annum to four sisters whose father died in an accident two years ago. The claimants, Gurjinder Kaur and her three sisters, had filed the petition under Section 166 of the Motor Vehicles Act, 1988, seeking compensation for the death of their father Dalbir Singh in an accident two years ago. The claimants, all residents of Da ...Read More >
Rich tributes were paid to police martyrs on the occasion of Police Commemoration Day 2025, organised on Tuesday (October 21, 2025) at the 6th Battalion grounds in Mangalagiri. Andhra Pradesh Chief Minister Nara Chandrababu Naidu, who attended the ceremony as the Chief Guest, lauded the sacrifices and major achievements of the State police and assured them of the government's full support in maintaining law and order. Speaking on the occasion, Mr. Naidu said that maintaining proper law and orde ...Read More >
Andhra Pradesh Chief Minister N Chandrababu Naidu has unveiled a Diwali bonanza for government employees. A Dearness Allowance installment will be released from November 1. The state government will also settle a portion of police department's earned leave payments. Health insurance schemes will be streamlined. Child care leave and property tax waivers are also announced. Andhra Pradesh Chief Minister N Chandrababu Naidu has announced a set of benefits for government employees as part of the Di ...Read More >
Globally, developments around proposed US tariffs on China, along with movements in crude oil prices and currency trends, will play a key role in shaping risk appetite and investor positioning, Mishra added.Source : ABPLIVE AI The Indian benchmark indices saw significant gains during early trade on Monday morning on account of Diwali as the Sensex opened 498 points higher at 84,451.11, and the Nifty opened higher by more than 190 points, at 25,899.90. In the pre-open session, at 9:03 AM, the S ...Read More >
Mumbai (Maharashtra) [India], October 20 (ANI): The Indian stock market on Monday ended in green territory after trading higher, driven by upbeat quarterly results from top lenders in the financial sector and a rebound in global risk appetite following signs of easing US-China trade tensions. At the end of the trading session today, BSE Sensex settled at 84,363.37, rising 411.18 points or 0.49 per cent while NSE Nifty50 stood at 25,843.15, up by 133.3 points or 0.52 per cent. In today's trade, ...Read More >
Mumbai: Equity market sentiment in the upcoming holiday-shortened week will be guided by global developments, foreign fund flows, and the ongoing corporate earnings season, analysts said. Both BSE and NSE will remain closed for regular trading on Tuesday due to Diwali, but a special Muhurat trading session will be conducted on October 21 between 1:45 pm and 2:45 pm, marking the beginning of Samvat 2082. Markets will also remain shut on Wednesday for Diwali Balipratipada. Heavyweight earnings to ...Read More >
State-run universities headed by officiating vice chancellors will soon have new permanent VCs, said Odisha Governor Hari Babu Kambhampati on Friday (October 17, 2025). "The appointment of VCs was delayed due to lack of clarity in the Act. Now, the Act has been amended. We already have a set of selection panels. We hope the universities would have full-time VCs in next two to three months," said Mr. Kambhampati during interaction with media here. Of the 17 State-run universities, as many as 13 ...Read More >
Bhubaneswar (Odisha) [India], October 19 (ANI): The Odisha government has announced that all Registrar and Sub-Registrar offices across the state will remain closed on Monday after declaring October 20 an additional holiday, as Diwali falls on that day. All government offices and magisterial courts, except those in Nuapada district, will remain closed. In lieu of this, the fourth Saturday (October 25) has been declared a working day. Also Read | Raju Bista's Convoy Attacked by Miscreants in We ...Read More >
Bhubaneswar (Odisha) [India], October 19 (ANI): The Odisha government has announced that all Registrar and Sub-Registrar offices across the state will remain closed on Monday after declaring October 20 an additional holiday, as Diwali falls on that day. All government offices and magisterial courts, except those in Nuapada district, will remain closed. In lieu of this, the fourth Saturday (October 25) has been declared a working day. According to an official notification issued by the Departme ...Read More >
"Work on two aspects firstly to specify how much DAP is required, and secondly, plan a distribution system that prevents farmers from queuing up." - Shivraj Singh Chouhan During the meeting, the Union Minister reviewed the availability of fertilizers in the district in the presence of public representatives and sought a detailed briefing from district officials. Chouhan instructed that no farmer should face any inconvenience, directing the administration to ensure smooth arrangements that farm ...Read More >
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