India’s life insurance sector exhibited robust growth in the first quarter of FY25, marked by a 22.91% year-on-year increase in first-year premiums, totaling US$ 10.75 billion (Rs. 89,726.7 crore), up from US$ 8.75 billion (Rs. 73,004.87 crore) in FY24 Q1. Leading this expansion, the Life Insurance Corporation of India (LIC) saw premiums surge by 28.11% to US$ 6.88 billion (Rs. 57,440.9 crore), driven primarily by strong performance in group premiums. LIC’s Group Single premium also saw significant growth, rising by 33.49% to US$ 5.35 billion (Rs. 44,671.86 crore) compared to the previous year. Private life insurers contributed to sector growth…
Author: Nupur Rohila
Nupur Rohila
Love, nature, women's empowerment, and social issues make up the bulk of Nupur's writing topics. She earned a Master of Arts in Ancient History and a Bachelor of Arts in English from Delhi University before she began writing. It just so happens that Nupur also aced the Junior Research Fellowship exam for history. At present, Neha is working as a freelance content writer.
The Indian pharmaceutical market exhibited a robust growth of 8.8% in June 2024, fueled by positive value growth across all major therapies. According to the market research firm Pharmarack, respiratory, anti-infectives, and gastrointestinal therapies experienced notable growth rates of 19.2%, 17.2%, and 10.7%, respectively. This expansion is driven by new introductions, price-based growth, and volume increases. The moving annual turnover (MAT) for the Indian Pharmaceutical Market (IPM) from July 2023 to June 2024 reached 7.6%, amounting to over Rs. 2 trillion (US$ 24.01 billion). Notably, leading therapies such as cardiac, anti-infectives, and gastrointestinal showed strong MAT growth, with volume growth…
The Indian community of Centallo and the province of Cuneo had long dreamed of establishing a Hindu temple, and as of early June, this dream is beginning to materialize. The temple is slated to be constructed in the industrial area of Madonna dei Prati on the northern outskirts of town. Currently, the site is marked by an orange construction fence, with excavation work for the foundation set to commence shortly. The project is being undertaken by the Ariaudo company, following a design by architect Michele Marengo, with the municipal building permit issued on 17th May. The goal is to have…
Just after India’s thrilling T20 World Cup win over South Africa in Barbados last Saturday, which secured the trophy for India for the second time, three players announced their retirement from T20I cricket within 24 hours. The first to do so was Virat Kohli, immediately after receiving the Player of the Match award. This was followed by India’s captain, Rohit Sharma, during the post-match press conference. Ravindra Jadeja joined them a few hours later. But does this mean Jasprit Bumrah might be next? Bumrah played a significant role in India’s historic T20 World Cup victory, which was their first in…
In a decisive turn of events, UK voters dealt a significant blow to Rishi Sunak’s Conservative Party in the recent general election, stripping them of nearly 250 seats in the 650-seat House of Commons. Sir Keir Starmer’s Labour Party emerged victorious, heralding a new era under his leadership. Addressing a jubilant crowd at a dawn rally in central London, Starmer proclaimed a renewal of the UK’s future. The Conservatives’ defeat was resounding, marking their exit after 14 years in power, with losses across Wales and Scotland, and prominent leaders like former Prime Minister Liz Truss suffering defeats. Notably, Labour secured…
Manish Chandra, the Indian American CEO of the social commerce marketplace Poshmark, underscored the significant contributions of the Indian diaspora, with 72 out of 648 US unicorns being founded by individuals of Indian origin. During an Indiaspora panel discussion on July 2, as part of the CNBC-TV18 Young Turks Voices from the Valley series, Chandra highlighted the innovative perspectives and integration of second-generation Indian Americans into American society. Chandra pointed out that many of the current generation are first-generation immigrants, while their children, who are growing up in the US, are much more integrated into society. These second-generation individuals are…
India’s pioneering solar mission, Aditya-L1, achieved a significant milestone by completing its first halo orbit around the Sun-Earth L1 point, as confirmed by the Indian Space Research Organisation (ISRO). Launched on September 2 last year, Aditya-L1 is an Indian solar observatory stationed at the Lagrangian point L1, where gravitational forces between the Sun and Earth create a stable observing position. It was successfully inserted into its designated halo orbit on January 6. Operating in the halo orbit, Aditya-L1 revolves around the L1 point every 178 days, although it faces challenges from various external forces that may slightly alter its intended…
The constitution of Mauritius prohibits discrimination based on religion and guarantees individuals the right to freely change, practice, and propagate their religious beliefs. Seven religious groups – Hindus, Roman Catholics, Muslims, Anglicans, Presbyterians, Seventh-day Adventists, and The Church of Jesus Christ of Latter-day Saints – are officially recognized by the government, while other religious organizations must register as associations. The population of Mauritius is estimated at 1.3 million. According to the 2011 census, approximately 48 percent of the population identifies as Hindu, 26 percent as Roman Catholic, 17 percent as Muslim, and 6 percent as non-Catholic Christian, including various denominations…
Prime Minister Narendra Modi highlighted the transformative impact of Digital India on Monday, praising the initiative as it marked nine years since its inception. He emphasized that Digital India symbolizes an empowered India, enhancing Ease of Living and transparency. PM Modi also showcased the significant progress achieved over the past decade. Reposting from MyGovIndia on a social media platform, PM Modi underscored technology’s role in empowering and bringing transparency to India, thereby improving the quality of life for millions of citizens. PM Modi expressed that Digital India empowers the nation, enhancing quality of life and transparency. His message highlights the…
The Carnegie Corporation of New York recently announced its annual list of Great Immigrants, celebrating naturalized citizens whose contributions enrich American society and democracy. Among this year’s honorees are prominent Indian Americans, including Nobel Laureate Abhijit Banerjee, renowned for his work in economics at MIT, and Ashish Kumar Jha, a global public health leader and White House COVID-19 Response Coordinator. Eboo Patel, founder of Interfaith America, promotes religious cooperation, while Premal Shah, co-founder of Kiva, facilitates microfinance globally. Raj Panjabi, originally from Liberia, is recognized for his global health advocacy and leadership roles in pandemic preparedness and biodefense strategies. Abhijit…
