Business

MUMBAI: IRDAI has asked the non-life industry to come up with a standard definition of claim and a uniform definition of claim settlement ratio for various lines of business. This followed different companies using different definitions for determining claim settlement ratio, a key metric that is an indicator of companies’ financial health and customer satisfaction.Some…

Fuel prices were raised again on Monday, with petrol becoming costlier by Rs 2.61 per litre and diesel by Rs 2.71 per litre, marking the fourth hike in less than two weeks.The latest increase is expected to add further pressure on household budgets and transportation costs, as consumers continue to grapple with rising fuel expenses…

MUMBAI: After a bull run in the IPO market over the past two years, Indian startups are finding it hard to take the road to Dalal Street. The US-Iran war has thrown a spanner in their IPO plans with many companies delaying listing timelines and going slow on filing draft papers. PhonePe has pressed pause…

MUMBAI: A proxy advisory firm is pressing India’s central bank to require Tata Sons to go public, arguing that its size and systemic importance demand disclosure standards closer to those applied to major financial institutions rather than those typical of private holding companies.InGovern, in a report titled “Tata Sons: The Listing Imperative,” said that where…

Gold and silver are expected to take cues from developments in the ongoing US-Iran talks this week, with analysts forecasting a largely steady trend for gold prices while silver may continue to outperform amid geopolitical tensions and elevated crude oil prices.Investors are also likely to track a series of economic indicators from the United States,…

Indians sharply cut back on overseas travel spending in March, with remittances for foreign trips dropping by more than $212 million from the previous month, according to Reserve Bank of India data. The fall in outbound travel expenditure came amid rising oil prices linked to the Middle East conflict and persistent pressure on rupee, even…

Dalal Street is heading into the new trading week with global uncertainty firmly in focus, as investors keep a close watch on the evolving situation in the Middle East, fluctuations in crude oil prices and the behaviour of foreign investors. Analysts said that sentiment is likely to remain fragile and heavily influenced by developments in…

US secretary of state Marco Rubio on Sunday, hinted at a “beneficial” and a “sustainable” trade deal agreement with India, as he is on a visit to India.“We’ve made tremendous progress, and I think we’re going to wind up with a trade agreement between the US and India that is going to be enduring and…

Got a bank visit planned? You may want to check the dates first. Bank customers are being advised to plan their bank visits in advance as banks in several states are headed for holidays. Since these dates vary from state to state, officials are asking people to confirm their local branch status before visiting in…

India’s transportation fuel demand growth is expected to slow sharply in the second half of 2026 as higher fuel prices, government-led conservation measures and a weakening rupee weigh on mobility and consumption trends, according to a report.The report by Kpler’s lead analyst (modelling), Elif Binici, revised down India’s 2026 refined products demand growth forecast by…