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TP premiums rose 9.3% in FY26, compared with 9% growth in OD, taking overall motor insurance expansion to about 9% on an estimated base of ?1.08 lakh crore. This contrasts with FY24, when OD grew a stronger 17.4% against roughly 10% for TP, supported by robust vehicle sales and pricing improvements. In FY25, OD grew at 8.1% while TP grew at 7.8%. The latest shift comes despite no increase in regulated TP premium rates since the pandemic.
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.
Three top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied Income tax (I-T) exemption on the grounds that they were carrying out commercial activities.
A cargo ship was attacked near the Strait of Hormuz amid rising regional tensions. The US is reviewing an Iran peace proposal, while President Trump has warned that military action remains a possibility. The fragile ceasefire holds as maritime disruptions continue in the region.
The India Meteorological Department (IMD) on Sunday issued a red alert for severe thunderstorms and hailstorms for Delhi and the National Capital Region (NCR), with some parts of the national capital placed under an orange alert
An LPG tanker bound for India has cleared the Strait of Hormuz amid regional tensions, easing supply concerns. The vessel, carrying 46,313 tonnes, is due to arrive in Visakhapatnam on May 13.
The quote ‘Reading ten thousand books is not as good as traveling ten thousand miles’ is often attributed to the Chinese writer Liu Yi, though versions of it appear in broader Chinese wisdom traditions.
Highlighting enforcement measures to curb hoarding and black marketing, the ministry said, ‘more than 1900 raids were conducted across the country,’ while ‘penalties [were] imposed on 349 LPG distributorships, and 74 LPG distributorships have been suspended.’
Two US service members went missing near Cap Draa, Morocco, during the African Lion 2026 military exercise, prompting a joint search by US and allied forces. The drill involves thousands of troops across Africa and aims to strengthen security cooperation and readiness.
The warning was issued in the 2025 Public Report released by the Canadian Security Intelligence Service (CSIS), which outlined growing concerns over extremist networks operating from Canadian soil.
Aziz Ansari made a surprise return to Saturday Night Live, debuting as FBI Director Kash Patel in a sharply political cold open. The comedian’s appearance alongside Colin Jost drew one of the night’s loudest reactions during Olivia Rodrigo’s hosting debut.
Drone smuggling into US prisons is increasing at a rapid pace, delivering drugs, weapons, and phones. States warn of rising violence and criminal activity, urging stronger laws and counter-drone measures as incidents increase and traffickers exploit technology to bypass traditional prisons
Meenu Batra, a certified court interpreter originally from India, was released on Thursday (April 30) after spending nearly seven weeks in detention following her arrest by federal immigration officers at Valley International Airport in Harlingen, Texas.
Gujarat Titans captain Shubman Gill was caught off-guard when toss presenter Danny Morrison asked him about his wedding after the toss against Punjab Kings in IPL 2026.
Veteran Hollywood actor Beau Starr, known for his memorable roles in Goodfellas, the Halloween franchise and Due South, has died at 81. The actor passed away peacefully at his Vancouver home, with tributes pouring in for the respected character actor.
