The Life Insurance Corporation of India (LIC) on Saturday announced that it has earned a Guinness World Record for the highest number of life insurance policies sold within 24 hours.The record was achieved on January 20, 2025, when 4,52,839 LIC agents collectively issued 5,88,107 life insurance policies across India, the corporation said in a statement.Guinness…
The central government has approved an interest rate of 8.25 per cent on Employees’ Provident Fund (EPF) deposits for the fiscal year 2024–25, an official confirmed to PTI on Saturday.This rate was recommended earlier this year by the Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO). The decision is expected to benefit…
India’s domestic aviation sector continued its upward trajectory in April 2025, as passenger traffic rose by 10.2% year-on-year, as per a report by ratings agency ICRA. An estimated 145.5 lakh passengers flew within the country during the month, up from 132 lakh in April 2024. However, the numbers remained largely unchanged from March 2025, signalling…
Banks across the country will remain closed today, on May 24, in observance of the fourth Saturday of the month. According to the Reserve Bank of India’s (RBI) official calendar, banks remain shut on every second and fourth Saturday.Customers can verify whether banks are open or closed by checking the RBI’s official website.This holiday applies…
Formal employment under the Employees’ State Insurance Corporation (ESIC) surged in March, with new job creation increasing by 5.79%, reaching 1.63 million, up from 1.54 million in February, provisional payroll data released by the ministry of labour and employment on Friday said.The data also revealed a 33.9% rise in establishments joining the social security umbrella…
The Global Trade Research Initiative said on Saturday that even if the US imposesd a 25% tariff on iPhones manufactured in India, production costs would still be significantly lower than making the devices in the United States.The GTRIs’ comments came in the wake of US President Donald Trump’s recent statement threatening to impose a 25%…
Reports suggest that India is looking to seal the first phase of the India-US trade deal by early July. (AI image) Amidst India-US trade deal talks, the United States of America on Friday informed the World Trade Organization (WTO) that India’s suggestion to suspend concessions in retaliation to American duties on steel and aluminium lacks…
Government announced construction of a new ring road which will run outside Goa, connecting Maharashtra to Karnataka. The project was announced by the Union road transport and highways minister Nitin Gadkari on Friday, in response to Goa CM Promod Sawant and minister for power and renewable energy, Shripad Naik’s plea for an alternative to ease…
The Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a high foreign exchange gain and steady rise in interest income, State Bank of India said in its latest report.The report said that RBI’s active participation in the forex market was…
MUMBAI: Tata Group’s flagship software services company, TCS, is investigating whether it was the entry point for a cyberattack on UK retailer Marks and Spencer, the Financial Times reported on Friday.The breach occurred during the Easter weekend. TCS, which has worked with M&S for over ten years, aims to finish the probe by the end…
