MUMBAI: RBI’s Financial Stability Report has flagged a rise in early exits from life insurance policies, with surrenders and withdrawals now exceeding maturity pay-outs, signalling policyholder dissatisfaction and the risk of mis-selling. The report also said that surging distribution costs raise the risk of acquisition-cost-driven mis-selling.The report said total benefits paid by life insurers rose…
The Estadio Azteca provides the stage for arguably the biggest Round of 16 encounter of the FIFA World Cup 2026 as co-hosts Mexico face England in a heavyweight knockout showdown. With the winner advancing to a quarter-final against either Brazil or Norway, there is no margin for error in one of the tournament’s most anticipated…
MUMBAI: Titan’s CaratLane may look to tap into Dubai’s Damas Jewellery to foray into West Asia, scrapping earlier plans to launch into the region on its own, a top company executive said even though the scourge of the war on the region might prolong the entry timeline.Titan has bought a majority 67% stake in Damas…
NEW DELHI: Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said.Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market…
NEW DELHI: Weekend rush in malls is not without reason as consumers splurge on fashion, entertainment, dining and electronics, resulting in nearly two-thirds of the weekly spend of urban consumers on Saturdays and Sundays.Looked another way, on an average, urban consumers spend Rs 6,700 during weekdays, while spending Rs 10,700 on weekends – resulting in…
MUMBAI: Demand for soaps, shampoos, packaged food and other household supplies remained stable in the June quarter despite hike in prices amid a broader inflationary environment driven by the West Asia war, companies said in their quarterly updates.El Nino conditions and its bearing on monsoon rains could, however, weigh on rural consumption going ahead, firms…
Belgium have threatened action after FIFA cleared Folarin Balogun to face USA despite his red card suspension/ Image: X The Royal Belgian Football Association (RBFA) has launched a formal challenge to FIFA’s controversial decision to allow United States striker Folarin Balogun to play in Monday’s FIFA World Cup Round of 16 clash, arguing that the…
NEW DELHI: Indonesia is set to become the latest country to integrate with Unified Payments Interface (UPI) and tap deeper into India’s digital public infrastructure. Unlike several other countries, such as France, Singapore and the UAE, which have adopted UPI primarily to facilitate cross-border payments for Indian travellers and businesses, Indonesia’s ambitions extend much further.It…
NEW DELHI: Fifteen out of 20 India-bound ships in the Persian Gulf carrying fertiliser cargo have safely crossed the Strait of Hormuz, which will help augment the country’s soil nutrient stocks, govt said Sunday. In addition, for three consecutive months – April to June – domestic urea production has surpassed the target, with 71.6 lakh…
NEW DELHI: Childcare and household chores keep around 69% women out of the labour force in India’s top 46 cities with million-plus population, highlighting the gender-bias in nature of care work even among the more affluent areas of the country, a new National Statistics Office survey has shown.The survey on labour market indicators for the…