Health Insurance Claims Ratio Drops to 86.9% in FY25

The health insurance industry's incurred claims ratio fell to 86.9% in FY25, its lowest since the pandemic. However, group health business, especially for PSUs, remains a strain with claims exceeding premiums.

Delhi Financial Corporation Wound Up After LG Approval

The Delhi government has officially shut down the Delhi Financial Corporation (DFC), its loss-making MSME lender, following approval from the lieutenant governor. A high-powered committee will oversee the winding-up process, including asset disposal and e

Tobacco Board Urges Govt to Revise Excise Duty on Cigarettes

Indian Tobacco Board chairman Yashwanth Kumar Chidipothu has appealed to Union Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal to reconsider the recent excise duty hike on cigarettes, warning of severe impacts on farmers and the gro

TERI Queries Delay Goa Iron Ore Dump Auction

The Energy and Resources Institute has raised queries on the Detailed Project Report for Goa's low-grade iron ore dump auction, causing delays. The state aims to generate Rs 150 crore upfront revenue.

Income Tax Raids on VIP-Linked Panorama Group in Bihar

The Income Tax Department conducted extensive simultaneous raids at multiple locations linked to the Panorama Group and its CMD Sanjeev Mishra in Purnia and Supaul districts of Bihar. Over 20 officials scrutinized financial records and properties in a maj

Bihar Ethanol Plant Shutdown Puts 700 Jobs at Risk

The Bharat Plus Ethanol Plant in Buxar, Bihar, faces imminent closure due to reduced ethanol lifting by oil companies under a new government tender policy, threatening 700 direct jobs and impacting 2,000 livelihoods.

Belagavi Tops Karnataka with 14 Agriculture Award Winners

Fourteen farmers from Belagavi district were honored with state agriculture awards for exceptional contributions. Chief Minister Siddaramaiah presented awards at Bengaluru International Trade Fair, recognizing achievements across multiple crop categories.

Hisense Opens First Indian Factory in Andhra Pradesh

Chinese electronics giant Hisense has inaugurated its first manufacturing facility in India at Sri City, Andhra Pradesh. The $30 million plant will initially produce air conditioners, with plans to expand into washing machines and LED TVs by 2026-27.

Govt Launches BHEL Stake Sale with 5% Potential Divestment

The Indian government initiates a 3% stake sale in Bharat Heavy Electricals Ltd (BHEL) with a greenshoe option for an additional 2%, potentially raising significant funds as part of its FY26 disinvestment target of ₹33,837 crore.

Rs 72,000 Crore Unclaimed Bank Deposits Moved to RBI Fund

The Indian government has transferred more than Rs 72,000 crore in unclaimed bank deposits to the RBI's Depositor Education and Awareness Fund. Public sector banks hold the largest share, with measures like UDGAM launched to help depositors reclaim funds.

Wall Street Near Record Highs on Rate Cut Bets, Mixed Earnings

US stocks traded near record levels as weak retail sales data fueled expectations for Federal Reserve rate cuts. The S&P 500 and Dow Jones edged higher while Treasury yields fell. Mixed corporate earnings from Coca-Cola, Hasbro, and others added to market

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