MUMBAI: RBI’s Financial Stability Report has flagged a rise in early exits from life insurance policies, with surrenders and withdrawals now exceeding maturity pay-outs, signalling policyholder dissatisfaction and the risk of mis-selling. The report also said that surging distribution costs raise the risk of acquisition-cost-driven mis-selling.The report said total benefits paid by life insurers rose…
NEW DELHI: Weekend rush in malls is not without reason as consumers splurge on fashion, entertainment, dining and electronics, resulting in nearly two-thirds of the weekly spend of urban consumers on Saturdays and Sundays.Looked another way, on an average, urban consumers spend Rs 6,700 during weekdays, while spending Rs 10,700 on weekends – resulting in…
NEW DELHI: Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said.Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market…
Some pictures aren’t just pictures; they’re also act a bit as a mirror. These are optical illusions, and they have an odd way of getting us to look inward, because there’s no “correct” way to see them. Two people can stare at the same image and walk away with two completely different first impressions Originally,…
MUMBAI: Demand for soaps, shampoos, packaged food and other household supplies remained stable in the June quarter despite hike in prices amid a broader inflationary environment driven by the West Asia war, companies said in their quarterly updates.El Nino conditions and its bearing on monsoon rains could, however, weigh on rural consumption going ahead, firms…
NEW DELHI: Indonesia is set to become the latest country to integrate with Unified Payments Interface (UPI) and tap deeper into India’s digital public infrastructure. Unlike several other countries, such as France, Singapore and the UAE, which have adopted UPI primarily to facilitate cross-border payments for Indian travellers and businesses, Indonesia’s ambitions extend much further.It…
Belgium have threatened action after FIFA cleared Folarin Balogun to face USA despite his red card suspension/ Image: X The Royal Belgian Football Association (RBFA) has launched a formal challenge to FIFA’s controversial decision to allow United States striker Folarin Balogun to play in Monday’s FIFA World Cup Round of 16 clash, arguing that the…
NEW DELHI: Fifteen out of 20 India-bound ships in the Persian Gulf carrying fertiliser cargo have safely crossed the Strait of Hormuz, which will help augment the country’s soil nutrient stocks, govt said Sunday. In addition, for three consecutive months – April to June – domestic urea production has surpassed the target, with 71.6 lakh…
NEW DELHI: Childcare and household chores keep around 69% women out of the labour force in India’s top 46 cities with million-plus population, highlighting the gender-bias in nature of care work even among the more affluent areas of the country, a new National Statistics Office survey has shown.The survey on labour market indicators for the…
Portugal’s Cristiano Ronaldo speaks to reporters during a press conference ahead of his team’s World Cup round of 16 soccer match against Spain, Sunday, July 5, 2026, in Arlington, Texas, near Dallas. (AP Photo/Julio Cortez) Cristiano Ronaldo has confirmed that the 2026 FIFA World Cup will be the final tournament of his extraordinary international career,…