MUMBAI: Star Health Insurance, the largest health insurance company in the country, expects most cashless hospitalisation claims to be settled straight through using artificial intelligence within two years. Currently, a fifth of the claims are settled using AI helping the company meet the timelines for pre-admission and post-discharge hospitalisation.A directive from the regulator requires completion…
MUMBAI: Axis Bank has entered into an agreement with Max Financial Services to pursue a listing of their life insurance joint venture, Axis Max Life Insurance, by April 2027, potentially through a merger of Max Financial into the insurer. The agreement outlines a sequence of options to unlock value from the insurance business, with the…
Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day…
NEW DELHI: Railways has proposed two major amendments to its over a decade-old public private partnership (PPP) policy to bring greater certainty in recovery of private investment and reduce risk. The changes will include offering a 50-year concession period and railways taking the entire responsibility of land acquisition.Officials said the revised policy is crucial, considering…
NEW DELHI: India’s official statistical machinery is set to better its estimation of district domestic products (DDP), with the availability of more granular data in the new GDP series, statistics secretary Saurabh Garg told TOI.“We have given more focus on having more granular data in this series, so that state domestic products are captured much…
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…
Prime Minister Narendra Modi on Sunday inaugurated two new metro corridors, making Delhi home to India’s first fully operational Ring Metro. Alongside these, the PM also other unveiled major infrastructure projects, marking a significant boost to the city’s public transport and housing networks. The total investment across these projects is around Rs 33,500 crore, including…
Prime Minister Narendra Modi is set to inaugurate and lay the foundation stone for major infrastructure projects in Delhi on Sunday, with a total investment of around Rs 33,500 crore. The projects include two new corridors of the Delhi Metro Rail Corporation, worth over Rs 18,300 crore, aimed at strengthening public transport across the national…
The Middle East conflict is entering another week, and its ripple effects are already being felt across the global economy. As tensions intensify, trade flows, energy supplies and food production are coming under strain at a time when markets already spent the last year grappling with tariffs and other disruptions.Although the latest escalation began just…
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