MUMBAI: Sensex dropped 367 points on Friday, marking its third consecutive day of losses, amid foreign fund outflows and a lack of major domestic triggers. In a low-volume trade, the 30-share index dropped 0.4% to settle at 85,041. The 50-share Nifty declined by 100 points to 26,042, registering its second day of decline. “Overall, Indian…
MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed…
MUMBAI: Insurers are expected to adopt more disciplined underwriting and pricing strategies as the Irdai transitions to Risk-Based Capital (RBC) norms, moving away from a ‘one-size-fits-all’ solvency model to align capital requirements with actual risk profiles. Simultaneously, the regulator has cleared the implementation of IFRS 17 (Ind AS 117), which fundamentally redefines the ‘topline’ by…
MUMBAI: With a gain of over Rs 32,000/kg in just four sessions, the unabated rally in silver continued on Friday and the white metal traded at over Rs 2.35 lakh/kg mark in the domestic market, a new all-time high level. The rally in gold also continued, though at a slower pace, with the price moving…
Bitcoin’s 2024–2025 price action highlighted a disconnect between improving high-timeframe onchain structure and restrictive macroeconomic conditions. While crypto-native liquidity and supply dynamics strengthened during Bitcoin’s (BTC) 2024 rally, external variables, like elevated real yields and Federal Reserve balance sheet contraction, imposed valuation limits as the cycle progressed. Key takeaways Bitcoin rallied to above $100,000 from…
M F Husain painted the mural in 1963 after winning a competition. He was paid Rs 1,000 for the work MUMBAI: Pablo Picasso famously said that “art washes away from the soul the dust of everyday life,” but at the Yogakshema Building at Nariman Point, which houses the headquarters of the Life Insurance Corporation of…
File photo: Kuldip Singh Sengar NEW DELHI: CBI on Friday filed a special leave petition in Supreme Court against Delhi high court’s recent order suspending the sentence of expelled BJP ex-MLA Kuldeep Singh Sengar in the Unnao rape case.The probe agency has sought an immediate stay on the relief granted to Sengar, arguing against his…
Ethereum’s total value locked (TVL) may surge ten-fold in 2026 as adoption expands across multiple use cases and institutional investors, according to Sharplink’s co-CEO Joseph Chalom. Sharplink Gaming is the second-largest public Ethereum treasury company, holding 797,704 ETH (ETH), worth roughly $2.33 billion at the time of publication, according to Ethereum Treasuries data. “The stablecoin…
There’s a video of Raghav Nirula thrashing the patient, but Resident Doctors’ Association says his side of the story hasn’t been considered SHIMLA/KULLU: The Resident Doctors’ Association (RDA) of Indira Gandhi Medical College, Shimla — following backing from Himachal Medical Officers Association and RDAs of other medical colleges — announced an indefinite strike from 9.30…
Lalit Modi (L) on Dec 16 hosted a birthday bash at his London residence at Belgrave Square for his friend Vijay Mallya NEW DELHI: India is committed to bring back all fugitives who are wanted here to face prosecution, ministry of external affairs (MEA) spokesperson Randhir Jaiswal said Friday at a media briefing.He was replying…
