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National Insurance Company, which is grappling with a severe solvency shortfall of ₹8,000 crore, with its solvency margin standing at a negative 0.49%, far below the regulatory minimum of 1.5%, has identified several key assets to address the gap, according to people familiar with the matter. Among these are its stake in Agriculture Insurance Company, a 20% stake in India International Insurance Singapore valued at about $500 million (about ₹4,000 crore) and a joint venture in Kenya, they said, adding that though the insurer has identified these assets, it is yet to start the process and seek necessary approvals to proceed with any sales. While the Insurance Regulatory and Development Authority of India (Irdai) has granted the company forbearance and it has no immediate pressure to liquidate assets, the insurer is hopeful that the transition to a risk-based capital framework, expected in the coming few quarters, would provide relief by improving the valuation of its assets, according to the people.

Kamala Harris has unveiled an economic plan specifically targeting Black men as her campaign seeks to reclaim the support of a crucial demographic that has shown signs of drifting away from the Democratic Party. Announced on Monday, the plan aims to facilitate career opportunities, alleviate debt burdens, and remove employment barriers for Black men, as detailed in a comprehensive nine-page proposal available on her campaign website and as mentioned in a report by Forbes.

Bombay High Court has declared ank of India’s decision to declare Pune Buildtech Pvt Ltd ‘fraud’ as null and void and also the inclusion of the realty firm’s name in any such list/communication blacklisting the company from availing of institutionalised credit as null and void. In another separate order, the court has also directed the lender to remove the company’s name from the list of ‘wilful defaulters’ and has also directed the bank to recall any information sent by it to any Credit Information Company declaring Pune Buildtech as wilful defaulters. “It is not in dispute that the entire settlement amount as mentioned in the Consent Terms (Rs 703.35 Crores) has been paid by the petitioners to Bank of India sometime in June 2024,” observed the division bench of Justice BP Colabawalla and Justice Somasekhar Sundaresan in its order of October 8. “Despite this, and after receiving the entire amount, we fail to understand how Bank of India could continue with the proceedings initiated for declaring the Petitioners as wilful defaulters after issuing a ‘No Dues Certificate’ to the petitioners (Pune Buildtech).”

Subscribe to enjoy similar stories. Earlier this year the U.S. Army shot down a number of hostile drones in the Middle East using a weapon long dismissed as more science fiction than reality—the laser.

VHP) on Monday said only "practising Hindus" should be appointed to temple committees in Andhra Pradesh and there should be no political representation in these panels. It also demanded that only «practising Hindus» be appointed as employees at these temples and the «non-Hindus or non-practising Hindus» appointed as temple staff immediately relieved of their duties. «Politicians during their election campaigns not only say that they are secular and treat all the religions equally but also participate in prayer programmes in different religious places of worship,» the VHP said in a statement. «In this case, if there are political leaders in the temple committees, there is a possibility that they will give priority to their secular feelings rather than the welfare of Hindus,» it added.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Pappu Yadav said he could «finish off within 24 hours» the network of Lawrence Bishnoi who is suspected to be behind the assassination of former Maharashtra minister Baba Siddiqui. The Purnea MP made the boastful statement in a post on X, on Sunday, when he called Gopalganj-born Siddiqui «a son of Bihar» and trained his guns at the NDA government in the western state. «Has the nation become an army of eunuchs? A criminal sitting in jail gets people bumped off at will and all remain mute spectators,» wrote Yadav, himself known for strong-arm tactics in politics. He added, «Maha jungle raj prevails in Maharashtra. The proof is the murder of Baba Siddiqui, who enjoyed Y security cover and was known to be supportive of the government.»

Amazon India on Monday announced the launch of Amazon Smbhav Hackathon 2024, a nationwide competition to forge next-gen tech and AI-powered innovations for Indian small and medium businesses (SMBs) in e-commerce. The hackathon is part of the lead-up to Amazon Smbhav 2024, the fifth edition of the company’s flagship annual summit in India, and invites innovators across India to contribute to the growth of India’s digital economy. Amazon has partnered with Startup India, DPIIT, National Innovation Foundation (NIF) — India, and the NIF Incubation and Entrepreneurship Council (NIFientreC) to support the immense potential of innovators from the deepest pockets of the country.

Andhra Pradesh government expects about Rs 20,000 crore through sale of licensing fee and liquor during the remaining financial year, sources said on Monday. «As such the state government netted Rs 1,800 crore towards non-refundable application fee for 3,396 outlets. Once the outlet was allotted on lottery basis, the winner will have to pay licensing fees ranging from Rs 50 lakh to Rs 85 lakh in six installments. Last year the government got Rs 30,000 crore through liquor sales. This year for the remaining six months, the government is expecting over Rs 17,000 crore,» a source, privy to the development told PTI. According to Mukesh Kumar Meena, Principal Secretary, Revenue (Excise), the state government has received nearly 90,000 applications for 3,396 private liquor outlets throughout the state with Rs 2 lakh as non-refundable application fee contributing to about Rs 1,800 crore to the exchequer.

Angel One on Monday reported a consolidated net profit at Rs 423 crore in the quarter ended September 30, 2024, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter. On a sequential basis, profit after tax (PAT) was up by 45% as against Rs 293 crore in Q1FY25, the company filing said.

Roopkund Lake, one of Uttarakhand's premier trekking destinations located 16,500 feet above sea level at the base of Mount Trishul, is facing the impacts of climate change, reported TOI. Forest officials have been alarmed by the lake’s shrinking size, which is approximately two acres with a depth of around 9 feet. A 2019 study by scientists from India, the US, and Germany challenged the belief that the skeletons belonged to a single group that perished in a single event, instead suggesting they were genetically diverse individuals who died over a span of up to 1,000 years. Known as the «lake of skeletons» for the hundreds of human remains, some with preserved flesh, that emerge when snow melts, the lake has captured global attention since forest official HK Madhwal discovered bones in its icy waters in 1942.

If you use UPI daily, you should know the latest transaction limits of different UPI payments and transactions. ET Wealth Online explains the daily payment limits of UPI, UPI Lite, and UPI123Pay.

Just as Star Health policyholders were grappling with the company's growing reputation for rejecting genuine claims, a new issue has surfaced, adding to their frustration.

Grandmaster at the age of 12 back in June 2021 but leading chess player D Harika feels the way the age barrier is being shattered in the sport, it's a matter of time the bar will be reset and probably by an Indian. Harika, one of only three Indian women players to become a Grandmaster, is currently playing in the Tech Mahindra Global Chess League (GCL) here and said that the momentum created by the Indian men's team in the Chess Olympiad in Budapest recently, helped the women too aim for the gold during the historic campaign. India made history by winning their first-ever gold medals in the Olympiad with both the men's and women's teams taking the top podium finishes. «The generation in general is getting smarter. My daughter is just two years old and she can already identify the chess pieces,» said Harika, the two-time Asian Games medallist and a member of the gold-winning Indian women's team in the Olympiad.

stock market broker Ketan Parekh's plea for the closure of a case initiated against by SEBI for not paying a penalty imposed by the markets regulator, noting the accused prima facie violated the norms «intentionally». The special judge for cases under the Securities and Exchange Board of India (SEBI) Act, RM Jadhav, in an order passed on October 4, ruled that Parekh's plea for compounding of the case against him «is unwarranted and uncalled for». SEBI initiated a criminal case against Parekh after he failed to pay the penalty for violating the board's regulation. In response, Parekh filed an application before the court for closure of the case by compounding.

Tamil Nadu government on Wednesday said Samsung India Electronics has accepted most of the demands of workers, who commenced strike on September 9, and reiterated its request that employees resume work immediately.In a related development, on Tuesday night, some participants/those related to the strike were arrested by police and were later released 'on their own bond' by a magistrate. A key demand of the Samsung workers, registration of their union, backed by the CPI(M) affiliated Centre of Indian Trade Unions (CITU), is, however, yet to be accepted by the authorities. Deputy Chief Minister Udhayanidhi Stalin said Samsung, a multinational, has its own rules. The only bone of contention is registration of the workers union. «Samsung says that they will not accept a Union which has a political affiliation. This is their stand. Currently, discussions are going on,» he told reporters.

festive season sales compared to last year. Tepid demand for entry-level handsets weighed on the overall industry. Television and household appliance sales grew by 2-3% by volume sales during the period, led by premium products, as per estimates from leading brands and market researchers. Apparel brands and retailers saw a 6-8% increase in same store value sales, bringing cheer to the industry. While e-commerce platforms saw muted demand in the first few days of their biggest annual sales, which began on September 26, it started to recover from Navratri onwards with consumers getting their monthly pay checks, Diwali bonuses and the end of the Shraadh period, which is considered inauspicious for new purchases.

Vedanta Resources Ltd has said it paid USD 869 million to bondholders in October to redeem bonds three to four years ahead of maturity. The repayments are part of a larger liquidity management exercise under which Vedanta Resources Finance II PLC (VRF) — a wholly-owned subsidiary of Vedanta Resources Ltd — is repaying bonds with a higher interest rate to save on interest costs. VRF has repaid USD 869 million to bondholders holding 13.875 per cent bonds due in 2027 and 2028, respectively.

Netflix has not officially announced the renewal of Terminator Zero for a second season yet. However, a post on Netflix Latin America’s X account confirmed that the show will return.

According to officials, the maximum devastating speed which Hurricane Milton can attain will be eventually disastrous and it will have maximum sustained winds of about 130 mph. USA Today reported that Hurricane Milton is projected to hit near Sarasota which is a significant part of the south of Tampa Bay area. Also Read: Justin Bieber's wife Hailey posts cryptic message about husband amid Diddy scandal; here's what it is

Something similar happened during a Town Hall event in Warren, Michigan, on September 27, where a single mother, concerned about the condition of the US economy, laid forward her concerns about the skyrocketing prices in the US, and how Trump plans on combating the same if he comes to power after November.