New Delhi, Aug 11 (IANS) The life insurance industry reported “satisfactory” business growth with 10 per cent retail annual premium equivalent (APE) growth in July 2025, a report said on Monday.The private life insurance companies grew 14 per cent and LIC’s retail APE grew at a flat 0.4 per cent, according to a report from Emkay Global Financial Services Ltd.The annual premium equivalent is the total value of regular or recurring premiums plus 10 per cent of new single premiums written in th…

New Delhi, Aug 11 (IANS) Elon Musk-run Tesla on Monday inaugurated its first showroom in the National Capital Region (NCR) at the Worldmark 3 complex in Aerocity, marking the electric carmaker’s second retail location in India within a month of entering the country.Situated in one of Delhi’s busiest business districts, close to Indira Gandhi International Airport, the Aerocity outlet serves as an experience centre where guests can examine the Model Y electric SUV, understand the purchasing pro…

New Delhi, Aug 11 (IANS) Direct Spectrum allocation to enterprises is not tenable in India because of various reasons pertaining to India’s telecom ecosystem, the national revenue, as well as security architecture, according to a statement on Monday. “While some industry bodies have, in their interests, drawn parallels with countries such as the US, Finland, Germany, UK, etc. where private networks have been deployed, this comparison ignores a crucial contextual difference of such industries b…

Seoul, Aug 11 (IANS) South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday.The countries’ industry ministries signed a memorandum of understanding (MOU) to develop joint projects in the renewable energy sector, such as solar power, wind power and energy storage systems, according to Seoul’s Ministry of Trade, …

New Delhi, Aug 11 (IANS) US President Donald Trump has announced a new agreement for joint development of Pakistan’s oil reserves, hailing it as a “significant beginning” to a long-term energy partnership. However, in the end, the US may find itself investing in a partnership that yields little energy, less loyalty, and a great deal of geopolitical turbulence, according to an article posted on ‘Directus’, an online platform based in Greece.The US foreign policy announcement, made via Trump…

New Delhi, Aug 11 (IANS) The government’s financial inclusion schemes — from Pradhan Mantri Jan Dhan Yojana (PMJDY) to MUDRA and the quintessential UPI-based digital payments — are shifting India’s growth story from being metro-centric to truly national, according to a report on Monday.According to Prime Minister Narendra Modi, “Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive.”“In practice, that inclusivi…

Raipur, Aug 11 (IANS) A technical snag in an Air India flight arriving from Delhi led to a tense hour-long delay at Raipur airport, leaving around 160 passengers, including a sitting MLA, stranded inside the aircraft with no immediate explanation. Flight AI 2797 departed Delhi at 8.15 p.m. and landed at Raipur’s Swami Vivekananda Airport at 10.05 p.m. on Sunday. However, upon touchdown, the aircraft’s door failed to open due to what airline staff later described as a “technical fault”.Pa…

New Delhi, Aug 11 (IANS) The Reserve Bank of India (RBI) has announced the premature redemption price for two tranches of Sovereign Gold Bonds (SGBs) due on August 11, 2025.The 2019-20 Series IX (issued in February 2020) and the 2020-21 Series V (issued in August 2020) can be prematurely redeemed at Rs 10,070 per gram. SGBs have an eight-year maturity, but investors can opt for premature redemption from the fifth year onwards.Investors in the February 2020 SGB tranche achieved a compounded annua…

New Delhi, Aug 11 (IANS) The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27.The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India.The local currency opened 13 paise stronger at 87.53 against the US dollar up from 87.66 on Friday. The immediat…

Seoul, Aug 11 (IANS) South Korean individuals investing in overseas stocks have increasingly turned to virtual asset-related shares, such as those tied to stablecoins, instead of US big tech shares, a report showed on Monday.The proportion of virtual asset-related stocks among the top 50 net-bought stocks by local individual investors rose from 8.5 percent in January to 36.5 percent in June before slightly declining to 31.4 percent in July, according to a report by the Korean Center for Internat…