Innovations Financial News

Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements. Issuing a master circular which consolidates all regulations with regards to life insurance policies, the Insurance Regulatory and Development Authority of India (Irdai) also said the free look period, which provides time to review the policy terms and conditions, is 30 days as against 15 days earlier.

Olympus Corporation, the Japanese medical technology major, on Wednesday said it will establish a Research & Development (R&D) Offshore Development Center (ODC) in Hyderabad.

Hong Kong’s finance secretary, Christopher Hui, highlighted the flexibility offered by the in-kind subscription and redemption feature of the city’s six spot crypto exchange-traded funds (ETFs) as part of Hong Kong’s ongoing effort to establish itself as a regional cryptocurrency hub.

World Athletics on Wednesday announced a five-year global broadcasting services deal with Tata Communications, making the Indian telecom major a partner in the coverage of marquee events from next year, including the Tokyo World Championships. Tata Communications will be a «key strategic supplier» for the world body with a view to «elevating innovation and audience engagement to new heights,» World Athletics said in a statement.

European Parliament elections have made many Europeans ask what the European Union (EU) has done for them since the last election in 2019. The fact that 27 countries choose to pool their sovereignty and build an economic, social and political partnership based on the shared values of peace, justice, respect and solidarity is unique in global history. It is a triumph that we should not take for granted, especially when so many people globally still yearn for the freedom to choose their government from a diverse array of candidates and parties.

Tether has announced an ambitious investment plan of over $1 billion through its venture capital arm within the next year.

Italy is the Chair of G7 this year, and is hosting the G7 Summit on 13-14 June. Italian PM Georgia Meloni has invited the Indian PM to the G7 Outreach Summit in Puglia on 14 June in the backdrop of historic ties and commitment to rule of law, respect for human rights and achieving economic development through inclusive growth.

WTF is with Nikhil Kamath" has announced its new segment, "People By WTF," featuring Microsoft co-founder Bill Gates as its first guest.

India's space ambitions: Market forces are with us Lower earth orbit (LEO) was a well-trodden frontier. Nasa, which had been flying to LEO for decades, could focus on more ambitious destinations by retiring the Space Shuttle and its operations to LEO. Moreover, this shift gave the private sector a chance to step in and fill the void left by the Space Shuttle.

Banks are seeking innovative solutions to rebalance their credit-deposit ratio. These include reducing the minimum lock-in period for tax-saving deposits to three years to bring about parity with similar equity-linked savings schemes. There may be some merit in this demand considering a structural shift in savings behaviour of Indian households to alternative investment avenues, such as mutual funds and real estate, at a time interest rates had collapsed during the pandemic. Although interest rates have since recovered, returns offered by a rally in the stock markets and a revival of the housing market are crimping bank deposit growth. Accompanied by strong demand for credit, a key banking metric is deteriorating, prompting RBI to suggest banks review their business strategies.

Wipro on Tuesday rolled out Lab45 Artificial Intelligence (AI) platform to compete with other software service providers in helping customers and employees transform business functions and industry-specific solutions with faster efficiencies.

Some of the key pledges in the party's manifesto published today (11 June) included a further 2p cut to employee National Insurance, no permanent stamp duty for most first-time buyers and the introduction of the «triple lock plus» on state pensions. The Tories also committed to retain key tax incentives for small businesses, including VCTs and EIS, and vowed to build on the policies set out in the Edinburgh Reforms so that the UK continues to be «the world's most innovative and competitive global financial centre». «We will support the City of London's position as the leading global m...

Wealth management software firm Vestmark has announced a new partnership that it says focuses on the ‘key to wealth management firm growth.’

NTT DATA Business Solutions AG, a company of NTT DATA and a leading global IT service provider focused on the mid-market and SAP, announces the acquisition of a majority stake in ProvenTech Pvt Ltd, Hyderabad, Telangana, India. ProvenTech is specialized in providing cutting-edge GenAI-driven Quality Management and Manufacturing solutions to Pharma, Healthcare and Food industry, leveraging its own products, SAP© S/4HANA and other enterprise software. Founded in 2020, the company offers a unique and comprehensive portfolio including its own SaaS solutions, automation, integration and advisory services to meet the diverse needs of the pharmaceutical industry.

increase in middle-class income and the growing aspirations of the people. The rise in internet usage has also led to the founding of many new startups. With India's large population, there is a greater demand for solutions to problems and innovations that make lives easier.

The concept of the metaverse, a virtual reality space where users can interact with each other and digital assets, has been gaining significant attention in recent years.

Calculator app for iPad users has been a long-standing quirk, often joked about and memed across social media platforms. However, Apple has finally addressed this void with a feature-rich Calculator app, boasting a resizable window, a convenient sidebar for recent calculations, and groundbreaking Math Notes integration.

Apple iPhone 5s has been officially discontinued and declared obsolete by its manufacturers. This has sent shockwaves among Apple users as some still possess this device while some have been previous users of this state-of-the-device back in the decade. There are plenty of users who still have that love for the iPhone 5s, which is still a very popular model.

Suez Canal whose construction began in 1859 witnessed the overall economic development of prosperity of the region and large parts of the world. It provided an opportunity to connect Europe and Asia or the Mediterranean Sea and the Red Sea. It cut short the distance between Europe and Asia which otherwise had to follow a circular path around the Cape of Good Hope. It is in this regard that Europe is constructing its network of canals.

Amidst the fluctuating fortunes of Dogecoin’s rally and the optimistic Near Protocol Price Forecast, a standout emerges in the crypto landscape: BlockDAG. While Dogecoin faces potential volatility with increasing whale activity and NEAR Protocol eyes a steady ascent, BlockDAG sets itself apart with its revolutionary approach to blockchain technology.