What is a claim? IRDAI seeks industry’s standard definition

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…

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Maharashtra local body polls: Record victory for BJP-led Mahayuti; opposition blames EC, EVMs & money | India News

NEW DELHI: The BJP-led Mahayuti alliance on Sunday recorded a decisive victory in Maharashtra’s local body elections, with the party claiming 48 per cent of councillor seats and winning 129 municipal council presidencies.Counting of votes for 286 municipal councils and nagar panchayats, conducted in two phases, showed the BJP emerging as the single largest party….

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Tokyo Exchange Operator Mulls Limits on Digital Asset Treasury Firms: Report

The heat is rising on digital asset treasuries in the Far East. Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, is considering measures to curb the growth of listed companies that hoard digital tokens as treasury assets, according to Bloomberg. The bourse is exploring actions such as stricter enforcement of backdoor listing rules…

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India launches producer price index; wholesale inflation gauge to be phased out in five years

India on Monday released producer price index (PPI) data for goods and services for the first time, paving the way for the gradual replacement of the wholesale price index (WPI), which will be discontinued over the next five years, PTI reported.The move is in line with practices followed by advanced economies and recommendations of the…

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