finance – THE ECONOMIC INDIA

22 Apr

Everything You Need to Know About Bike Insurance in India

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New Delhi [India], April 22: For many bike owners, insurance is something they notice at purchase or renewal and then set aside. Yet, a two-wheeler policy has an important role. It supports legal compliance, helps manage financial exposure, and can make the repair process easier to handle when an insured event occurs. Hence, knowing what bike insurance is and how it works can be crucial before choosing a plan. In India, third-party motor insurance is required for a vehicle used on public roads. Third-party insurance refers to coverage for legal liability arising from injury, death, or property damage caused to another person…

22 Apr

John Ternus Takes Over Apple: How much does a CEO get

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Cupertino (California), April 22: As of now, Apple has not disclosed Ternus’s CEO pay package. There are no official figures attached to his promotion, no proxy filings detailing salary, bonus, or stock awards. What exists instead is a framework. Cook’s compensation has long been anchored in equity—large stock grants tied to performance and vesting schedules that stretch across years. His reported annual pay, often exceeding $70 million, reflects not just salary or bonus, but the release of stock accumulated over time. Ternus enters before that accumulation begins. In his current role as Senior Vice President of Hardware Engineering, his compensation…

20 Apr

Third-Party Car Insurance: Why This Mandatory Cover is Worth Understanding

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Mumbai (Maharashtra) [India], April 20: Third-party car insurance is the basic legal cover every car owner needs to drive on public roads in India. It is meant to protect you when your vehicle causes injury, death, or property damage to another person. The issue is that many car owners buy this policy only because it is compulsory and never fully understand what it actually covers. That confusion can lead to poor insurance choices and false expectations at the time of need. In this article, you will explore what third party car insurance is, why it is mandatory, what it covers, and what…

17 Apr

CARE Keeps Fusion Finance Rating at ‘A’ Amid Asset Quality Improvement

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New Delhi [India], April 17: CARE Ratings has reaffirmed its ‘CARE A’ (Stable) rating for Fusion Finance Limited’s debt instruments, supported by a sequential improvement in asset quality. The rating action covers ₹150 crore of non-convertible debentures and ₹1,500 crore of long-term bank facilities, both retained at ‘CARE A’ (Stable), reflecting stable operational and financial performance alongside strengthening asset quality. The stable outlook factors in sequential improvement in Fusion’s asset quality, collection efficiency and profitability. CARE also took note of Fusion’s capital raise of ₹800 crore that was completed in Q3FY26, supporting its capital profile and providing cushion for growth. ‘CARE A’ rating…

14 Mar

Choosing a Health Insurer You Can Trust in 2026: 9 Real-World Checks (Hospitals, Cashless, Support)

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Mumbai (Maharashtra) [India], March 14: Buying health insurance is not only about comparing premiums or picking a plan that looks popular online. What matters more is whether the insurer feels dependable when you need hospital care, cashless approval, policy clarity, and support during a stressful moment. If you want to choose health insurance with greater confidence in 2026, look beyond advertisements and focus on checks that reflect real policy experience. The points below can help you assess an insurer in a more informed and careful way. Check The Hospital Network Properly A wide hospital network can look attractive on paper, but the…

11 Feb

A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO

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New Delhi [India], February 10: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of India has since taken note. In its February 2026 policy statement, the RBI proposed comprehensive guidelines to curb mis-selling by banks, including mandatory suitability assessments and stronger accountability for staff. The issue has grown too large to ignore. But regulation alone will not fix it. What families truly need…

09 Feb

SHARES CLAIM DOST Simplifies IEPF Claim Refund and Share Recovery Process for Investors

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New Delhi [India], February 07: SHARES CLAIM DOST, a specialised financial facilitation service, is helping investors across India recover, dematerialise and reclaim long-forgotten investments, with a strong focus on IEPF claim refund services. As India’s capital markets have moved fully into the digital era, many investors and families still hold old physical share certificates or have unclaimed dividends and shares transferred to the Investor Education and Protection Fund (IEPF) due to prolonged inactivity. The organisation aims to bridge this gap by offering structured assistance to help investors regain access to their rightful financial assets. Over the years, several investors accumulated…

04 Feb

Union Budget 2026: A Quiet Shift from Numbers to Nation-Building

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The Union Budget 2026 has seen mixed reactions from various sources. As a finance entrepreneur Girish Lakhotiya explains what you should know about the annual exercise. Simply put, the Union Budget is the government’s annual plan. It explains how money will be raised – through taxes and borrowings and how it will be spent for the welfare of citizens. In India, the word “Budget” is familiar to everyone. For decades, it was an event people waited for eagerly. What will become cheaper? What will become costlier? Who gains and who loses? From the middle class to large business houses, the…

16 Jan

PNB MetLife Launches Dividend Leaders Index Fund: A Disciplined Way to Invest in Consistent Cash Flow Generators

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New Delhi [India], January 16: Dividend-led investing has emerged as a disciplined equity strategy for investors seeking stability alongside long-term growth. Companies that consistently distribute dividends often demonstrate strong governance, resilient cash flows, and prudent capital allocation. In volatile market environments, such attributes can add a layer of balance to equity portfolios. For investors seeking a rules-based approach to investing in high dividend yield companies, PNB MetLife has launched the PNB MetLife Dividend Leaders Index Fund at an initial Net Asset Value (NAV) of ₹10. This new fund launch is available for a limited period and offers structured exposure to the BSE 500…

08 Jan

IDFC First Bank Slashes Savings Account Rates, Caps Peak Returns at 6.5%

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Mumbai (Maharashtra) [India], January 8: IDFC First Bank has quietly but decisively pulled back on savings account generosity. From January 9, depositors will earn less across several balance slabs, with cuts running as deep as 200 basis points. IDFC First Bank has revised its savings account interest rates, trimming returns across multiple balance slabs and resetting expectations for depositors who had grown used to market-leading yields. The changes apply from January 9 and cover domestic, NRE, and NRO savings accounts. This is not a cosmetic tweak. In certain slabs, the reduction touches 200 basis points. The bank’s earlier rate structure…