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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

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The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. “We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore,” said Amit Ganorkar, MD & CEO, Tata AIG General. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1CJq3d >
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India central to EY’s AI strategy: Truncale

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vkzfFpR >
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Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

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India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect domestic industries like steel. Minister Piyush Goyal highlighted that despite a less effective WTO, international trade largely operates under its framework. India is actively pursuing free trade agreements to boost market access and attract significant investments, underscoring a commitment to innovation and long-term global integration. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pz8luKm >
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Crude on boil: Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels

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Global crude benchmarks surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following fresh US military strikes. Brent crude rose to $95.40 and WTI to $92.63 a barrel. Iran's IRGC warned any vessel attempting to transit the strait would be targeted amid escalating regional tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VxGNLS2 >
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Government may hold off on higher ethanol mandate

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/0Eamcok >
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AI windfall for the public? Trump signals shake-up for tech giants

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US President Trump is pushing for major AI firms to "give back" to the public, potentially through government stakes or benefit mechanisms. He plans to meet top tech executives soon to discuss this proposal, aiming to enrich citizens and boost AI's popularity. Discussions about a "Public Wealth Fund" model, distributing AI investment returns, are reportedly already underway. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3YXC6eF >
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‘TCS will have as many AI agents as employees’

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Chairman Chandra says AI most significant opportunity for enterprise IT, will slow hiring from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/hZP6Q09 >
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