ECONOMY

India’s gold imports surged to record levels in November, significantly contributing to a widening trade deficit and raising concerns for policymakers. According to the Ministry of Commerce, gold imports hit an all-time high of 173 tonnes for the month, far surpassing figures from previous years. For the financial year to date (April-November), gold imports have … Read more

Mark McIlquham, CEO of Acrisure UK, expresses disappointment at high-quality independent intermediaries selling to consolidators; still thinks a big insurer might snap up a broker; and reckons his children would take delight in watching him take part in a bushtucker trial on I’m a Celebrity … Get Me Out of Here. What has been your … Read more

Indians may soon get to pay less for life and health insurance, if the Goods & Services Tax (GST) Council accepts what we learn the Group of Ministers (GoM) on insurance will be recommending. Sources tell CNBC-TV18 that the GoM’s recommendations, which are to be submitted to the GST Council when it meets for the … Read more

Allianz UK has revealed a swathe of appointments and promotions in its commercial digital trading team with the investments including creating a dedicated expert digital distribution team for the first time. According to the insurer, it is looking to build on “strong foundations and broker relationships” to accelerate its profitable growth plans in the digital … Read more

As many as 438 infrastructure projects with a total cost of ₹150 crore or above have shown a 62% cost overrun amounting to ₹5.18 lakh crore, Parliament was informed on Monday. Company Value Change %Change According to a written reply to the Rajya Sabha by Minister of State for Statistics & Programme Implementation Rao Inderjit … Read more