BANKING

GIC Re moots ‘Parametric Insurance’ to cover natural calamities

This insurance cover, which will be offered by general insurers as and when it is formalised, will ensure immediate pay outs to citizens on occurrence of a natural catastrophe endemic to their region

THE HINDU BUSINESS LINE
3 hours ago
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BUSINESS

Advent to invest $175 million in Felix Pharma to acquire minority stake

While Felix Pharmaceuticals achieved its first U.S. FDA approval in 2020, it has quickly scaled to a 14 commercialised product portfolio and has several others in advanced stages of pipeline.

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BUSINESS

US-China trade deal talks: Top delegates meet in London; rare earth minerals, visa issues to be discussed

Top US and Chinese officials convened in London to de-escalate trade tensions that have destabilized global markets. Discussions, led by key figures like He Lifeng and Howard Lutnick, follow a temporary truce established in Geneva. Disa ...more

TIMES OF INDIA
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MARKET

SBI pays ₹8,076.84 crore dividend to Govt for FY25

During 2024-25, the bank earned a record net profit of ₹70,901 crore, as against ₹61,077 crore in the preceding year, registering a 16 increase

THE HINDU
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