RAI Financial News

IRDAI) has allowed policyholders to set aside funds for premiums through a new payment mechanism called Bima-ASBA (Applications Supported by Blocked Amount) via Unified Payments Interface (UPI).

Malaysia-India Defence Cooperation Committee (MIDCOM) took place in Kuala Lumpur on Wednesday and was co-chaired by Defence Secretary Rajesh Kumar Singh and Secretary General of Ministry of Defence of Malaysia, Lokman Hakim Bin Ali, the Ministry of Defence noted.

JSW MG Motor India on Wednesday said it is undertaking facility modifications at its Halol plant to enhance output to meet demand for its all-electric crossover utility vehicle Windsor and to prepare for new products to be sold under its premium retail chain MG Select. The company, which has witnessed the Windsor cross production milestone of 15,000 units, said it anticipates a production slowdown this month due to the facility modifications.

Shubman Gill on Wednesday became the top-ranked ODI batter after pipping Pakistan's Babar Azam. Gill, who scored two half centuries and a century in three matches against England last week, has 796 rating points to his name, which are 23 more in comparison to Babar (773). It is the second time in ODI that Gill has moved to the No. 1 position in the ODI rankings.

ICC Champions Trophy 2025 at the National Stadium in Karachi on Wednesday. The two teams recently locked horns in an ODI Tri-series, where New Zealand emerged victorious in the final. Pakistan will look for revenge where the stakes are much higher.

Aakash Chopra raised some questions after watching the Vicky Kaushal-starring Chhavva.

Mohan Yadav on Wednesday slammed West Bengal Chief Minister Mamata Banerjee over her 'Mrityu Kumbh' remark saying she used extremely low-grade language and she should apologise.

I am a 75-year-old retired bank official, and my wife is 67. I receive a monthly pension of Rs 40,000, and my sons live in different cities. I plan to buy a two-bedroom flat for Rs 80 lakh in an upcoming gated community old-age home project, using the proceeds from the sale of shares and mutual funds. The landlord has assured completion of the project within two years and has offered a 10% discount for upfront payment. I want to know if I will be eligible for tax exemption on capital gains from the sale of shares and mutual funds worth Rs 60 lakh if I pay the entire amount before 31 March 2025, for the unfinished project. If I and my wife jointly purchase the property, will we both be eligible for a proportionate capital gains tax exemption?

Life Insurance Corporation of India (LIC) has launched the LIC Smart Pension Plan, a non-participating, non-linked, individual/group, savings, and immediate annuity plan. A standout feature of the plan is its liquidity options, enabling policyholders to make partial or full withdrawals under specified conditions. Policyholders have the flexibility to receive annuity payments on an annual, half-yearly, quarterly, or monthly basis, depending on their preference. Moreover, the plan includes a special provision for National Pension System (NPS) subscribers, allowing them to opt for an immediate annuity.

Champions Trophy 2025 is set to kickoff with defending champions and hosts Pakistan playing against New Zealand in the tournament opener at the Nation Stadium in Karachi on Wednesday.

SIP in your child's name is that it not only helps teach good money habits later, but when the folio belongs to the child, one tends to be more goal-oriented and long-term," said Radhika Gupta, CEO of Edelweiss Mutual Fund. «One should ideally start this as soon as possible and for a specific goal,» she added.

Amritpal Singh, jailed Lok Sabha MP and Pro-Khalistleader, has filed a petition in the Punjab High Court to allow him to attend the ongoing Parliament session as there is a possibility that his seat may be vacated due to his prolonged absence.

Gyanesh Kumar on Wednesday took over as the 26th Chief Election Commissioner, while Vivek Joshi assumed charge as an Election Commissioner. An Election Commissioner since March 2024, Kumar was elevated as the CEC on Monday.

Niantic Inc., the company behind the 2016 hit Pokémon Go, is in talks to sell its video-game business to Saudi Arabia-owned Scopely Inc., according to several people familiar with the discussions.

Madhya Pradesh Chief Minister Mohan Yadav has said under the state's new civil aviation policy, a 'pucca' helipad will be built in every 45 km radius and an airport in every 150 km. Yadav was speaking on Tuesday during a dialogue with industrialists in Indore in connection with the 'Invest Madhya Pradesh — Global Investors Summit' to be held in Bhopal on February 24 and 25.

Mira Murati, the former chief technology officer of OpenAI who unexpectedly left the company in September, has helped found a new artificial intelligence startup called Thinking Machines Lab, adding to the wave of young companies that have been formed in the race to lead AI.