Health insurers lose up to Rs 10,000 crore annually on fraud & abuse: BCG

1 / 50 Health insurers lose up to Rs 10,000 crore annually on fraud & abuse: BCG Industry 16 min ago This is an AI assisted summary. India's health insurance system is struggling with financial losses caused by fraud, inefficiencies, and policy violations. BCG and Medi Assist Healthcare suggest a three-pillar approach of Prevention, Detection and Deterrence using AI and GenAI to combat these issues. While the industry is expected to grow, increasing claims costs could result in higher premiums and limited healthcare access. Read Full Article URL Copied Swipe up for next shorts 2 / 50 Select clauses excluded from wages & social security code Business 55 min ago This is an AI assisted summary. The Industrial Relations Code and Occupational Safety, Health and Working Conditions Code have been fully implemented, but some clauses in the Social Security Code and Wages Code have been excluded. These include provisions related to EPF schemes, coverage thresholds, and advisory boards. However, with most provisions now operational, the industry anticipates a faster roll-out of unified rules. Read Full Article URL Copied Swipe up for next shorts 3 / 50 Goa is a biker’s paradise this season Auto 2 hr ago This is an AI assisted summary. Goa is gearing up to be India's top destination for motorcycling enthusiasts with three upcoming festivals - Royal Enfield Motoverse, TVS MotoSoul, and India Bike Week. These festivals will offer thrilling races and off-road experiences, along with live music and international DJ performances. Read Full Article URL Copied Swipe up for next shorts 4 / 50 Porsche’s new spark: Cayenne goes electric Auto 2 hr ago This is an AI assisted summary. Porsche has launched its biggest car, the Cayenne Electric, showcasing its commitment towards electrification. The SUV combines the brand's sporting DNA with EV performance, making it the most powerful production Porsche ever made. It has a 113-kWh battery and 800-volt architecture, allowing for ultra-fast charging speeds and optional inductive charging. Read Full Article URL Copied 5 / 50 Bullet 650: A legend reborn, with a lot of muscle Auto 2 hr ago This is an AI assisted summary. Royal Enfield launched the new Bullet 650, a more powerful version of the iconic Bullet 350, with a 650-cc engine to meet modern India's infrastructure needs. The design stays true to its heritage with subtle changes. The Bullet 650 is a perfect balance of the past and future, appealing to loyalists who desire enhanced performance without sacrificing the classic design. Read Full Article URL Copied 6 / 50 TCS stakes claim to the AI backbone Industry 3 hr ago This is an AI assisted summary. TCS is investing heavily in AI infrastructure, setting itself apart in the industry. Analysts predict long-term success and customer loyalty as TCS aims to be the top AI tech services company in India. With a multi-year plan and billion-dollar investment, TCS is well-positioned to capitalize on the growing AI market. Read Full Article URL Copied 7 / 50 After QCO withdrawal, India orders anti-dumping probe on polyester yarn variant Industry 3 hr ago This is an AI assisted summary. Government scraps Quality Control Orders (QCOs) on industrial inputs including polyester yarn, while anti-dumping investigation into imports of Polyester Textured Yarn (PTY) from China begins. Reliance Industries and Wellknown Polyester filed a complaint, prompting probe. QCO withdrawal raises concerns about surge in low-priced imports. Read Full Article URL Copied 8 / 50 Rupee rocked: Breaches 89 for first time, Market 3 hr ago This is an AI assisted summary. Indian rupee hits record low of 89 level due to delay in US-India trade deal, closing at 89.41. RBI did not intervene, surprising traders. YTD depreciation of 4.62%, worst performing currency among Asian peers. RBI Governor confident of trade deal to relieve pressure on current account. Read Full Article URL Copied 9 / 50 Big step towards accelerating formal, high-productivity jobs: Experts Industry 4 hr ago This is an AI assisted summary. The pending four labour codes in India are expected to bring significant changes, including universal minimum wages and social security for all workers. They aim to ease compliance and promote formal job creation, while also providing benefits for gig workers and women working night shifts. However, their success will depend on proper enforcement. Read Full Article URL Copied 10 / 50 SEBI plans REITs’ index entry to enhance liquidity, participation: Tuhin Kanta Pandey Market 4 hr ago This is an AI assisted summary. Sebi chairman Tuhin Kanta Pandey has announced plans to boost REITs and InvITs by allowing them to invest in liquid mutual funds and be included in equity indices. These measures aim to increase their investor base and liquidity in the market. Sebi is also proposing reforms in mutual fund and stockbroking regulations, including reducing brokerage charges and revising short-selling norms. Read Full Article URL Copied 11 / 50 Labour Code: Platforms will now need to fund social security for gig workers Business 4 hr ago This is an AI assisted summary. The new Labour Code on Social Security, 2020 requires gig and platform workers to receive healthcare, insurance, and old-age protections. Platforms like Zomato, Swiggy, and Uber will contribute 1-2% of their annual turnover towards these schemes. To ensure portable benefits, the government will issue an Aadhaar-linked Universal Account Number. Read Full Article URL Copied 12 / 50 Markets snap winning streak Market 5 hr ago This is an AI assisted summary. Benchmark indices, Sensex and Nifty, took a break on Friday after reaching all-time highs. They fell 0.47% each due to global cues and better-than-expected US non-farm payroll. This dampened rate cut expectations and raised concerns about the US-India trade deal. While FIIs sold shares, DIIs bought, resulting in a second consecutive week of green for the indices. Read Full Article URL Copied 13 / 50 Indices snap two-day winning streak Market 5 hr ago This is an AI assisted summary. Asian equity markets, including domestic benchmarks, dropped on Friday due to strong US non-farm payroll data and rupee depreciation. The Sensex and Nifty ended 0.47% lower, but still posted positive returns for the second week in a row. Global cues and rupee depreciation dampened market sentiment, resulting in broader indices also falling. Read Full Article URL Copied 14 / 50 UPI to link with Europe’s TIPS soon: RBI says work enters realisation phase Policy 5 hr ago This is an AI assisted summary. RBI to link UPI with Eurosystem's TIPS for cross-border remittances, in line with G20 roadmap. Collaboration with European Central Bank to start realisation phase, expected to benefit users of both jurisdictions. NPCI also working on connecting UPI with fast payment systems of other nations. India's forex reserves jump to $692.6 billion, driven by rise in gold value. Read Full Article URL Copied 15 / 50 Telcos, satellite firms & tech firms differ on spectrum auction plan Industry 5 hr ago This is an AI assisted summary. The 5G spectrum auction is causing conflict between telecom companies, satellite service providers, and global technology firms. The main disagreements are over the use of the L-band and S-band for mobile networks, and the reservation of the 6GHz band for mobile use. The Broadband India Forum has emphasized the economic impact of delaying Wi-Fi use of the band. Read Full Article URL Copied 16 / 50 Who is Deepak Paradkar? Indian-origin ‘cocaine lawyer’ tied to Olympian-turned-drug lord World News 5 hr ago This is an AI assisted summary. Indian-origin lawyer Deepak Balwant Paradkar and nine others were arrested by the US Justice Department for their involvement with Canadian Olympic star-turned-drug lord Ryan James Wedding. Paradkar, also known as the "Cocaine Lawyer," is facing extradition to the US and has been linked to the FBI's Top 10 most-wanted fugitive list. Read Full Article URL Copied 17 / 50 RITES steps up execution as order book tops Rs 9,000 crore Industry 5 hr ago This is an AI assisted summary. Indian Railways' RITES is striving to improve project execution to drive revenue growth, with an order book of over Rs 9,000 crore. To overcome challenges, the company has a three-pronged strategy and plans to achieve an order book of Rs 10,000 crore by Q1 of FY27. It is also fast-tracking export orders for locomotives. Read Full Article URL Copied 18 / 50 Retail sales rise 11% in Aug–Oct on GST 2.0 and festive demand Industry 6 hr ago This is an AI assisted summary. India's retail sales have experienced a major increase, with double-digit growth for the first time in three years. This was due to GST cuts and high demand during the festive season. The implementation of GST 2.0 in September also contributed to the rise in sales, particularly in food, apparel, and furniture categories. Read Full Article URL Copied 19 / 50 Ignoring mismatch notice may result in a tax demand Money 6 hr ago This is an AI assisted summary. Taxpayers are receiving intimations for discrepancies in filed returns and annual information statements. They must respond by December 31 to avoid penalties. Sandeep Sehgal of AKM Global attributes this to increased compliance efforts. TDS credits should be reconciled and errors reported on the AIS portal. Read Full Article URL Copied 20 / 50 Your loan queries answered: Paying sister’s EMI? Get deed registered for part-ownership Money 6 hr ago This is an AI assisted summary. The writer explains the process of transferring a property under a home loan to their sister's name, emphasizing the need to pay off the loan first. They suggest creating a registered agreement for the writer to pay the EMI on their sister's behalf. They also address inquiries about education loans, gold loans, and loans against shares. Read Full Article URL Copied 21 / 50 Beating inflation with investment-grade bonds Economy 6 hr ago This is an AI assisted summary. Investment-grade bonds offer up to 13% yields, providing higher inflation-adjusted returns compared to bank fixed deposits. The minimum face value for corporate bonds has been reduced to Rs 10,000, making them more accessible to retail investors. Bonds also offer capital safety and potential gains through interest rate changes and credit rating upgrades. Read Full Article URL Copied 22 / 50 Use GST savings to top up basic life cover with rider Money 6 hr ago This is an AI assisted summary. The removal of GST on life insurance premiums has resulted in a rise in the use of riders, such as critical illness and waiver of premium, for added protection. This is a more cost-effective approach compared to increasing the base cover of term insurance. Women are specifically choosing critical illness riders with cancer screening benefits. Read Full Article URL Copied 23 / 50 Friday OTT releases: Homebound, Ed Sheeran special, Bison and more Life 6 hr ago This is an AI assisted summary. This Friday, OTT platforms offer a diverse range of entertainment options. From real-life adaptations and sports dramas to political conspiracies and an intimate look at the lives of Bollywood celebrities, there's something for everyone. Notable releases include Homebound, The Family Man Season 3, One Shot With Ed Sheeran and others. Read Full Article URL Copied 24 / 50 Kotak Mahindra Bank board okays 1:5 stock split Market 6 hr ago This is an AI assisted summary. Kotak Mahindra Bank has decided to split its stocks in a 5-for-1 ratio to make them more accessible and boost market participation. The approval process involves the bank's members, RBI, and other regulatory authorities and is expected to be completed in two months. Read Full Article URL Copied 25 / 50 India’s forex reserves jump $5.5 billion to $692.6 billion on sharp rise in gold value Policy 7 hr ago This is an AI assisted summary. India's forex reserves rose to $692.576 billion in November, with gold reserves increasing by $5.327 billion. This led to a jump of $5.543 billion from the previous week. Foreign currency assets also saw a slight increase, while the SDRs and reserve position with the IMF also grew. PMI data showed a decline in manufacturing and private sector growth in November. Read Full Article URL Copied 26 / 50 Tata Power to invest Rs 1,572 crore in 1.1 GW hydropower project in Bhutan Business 7 hr ago This is an AI assisted summary. Tata Power to invest Rs 1,572 crore in 1.1 GW hydropower project in Bhutan, with a total cost of Rs 13,000 crore. Company holds 60% stake, Druk Green Power owns 40%. 80% of power to be supplied to India. Project commissioned in Sept. 2031, supported by Bhutan govt. and World Bank. Read Full Article URL Copied 27 / 50 How Fatima Bosch went from walking out of Miss Universe 2025 to winning the crown Lifestyle 7 hr ago This is an AI assisted summary. Fatima Bosch of Mexico has been crowned the new Miss Universe, overcoming controversy and mistreatment during the competition. She beat over 100 contestants to secure Mexico's fourth win at the pageant. Despite scandals and rigging allegations, her victory stands as a triumph over adversity and a bright spot in a tumultuous event. Read Full Article URL Copied 28 / 50 HG Infra–Kalpataru JV bags Rs 1,415 crore Thane Metro contract for 20.5-km viaduct Business 8 hr ago This is an AI assisted summary. HG Infra Engineering and Kalpataru Projects International have won a Rs 1,415 crore contract from Maharashtra Metro Rail Corporation to build an elevated metro viaduct for the Thane Integral Ring Metro Project. The project will be completed in 36 months and the JV has placed a bid of Rs 1,415 crore, adding to the company's recent contract win of Rs 274 crore from DLF. Read Full Article URL Copied 29 / 50 Layoffs: Pune Labour Comm receives complaints against wrongful termination, 5 against TCS India News 8 hr ago This is an AI assisted summary. Pune's IT sector is struggling with layoffs amidst the global economic downturn. The Labour Commissioner has been receiving multiple complaints against wrongful termination, with five of them against TCS. The IT employee union has also stepped in and is urging others to speak up and fight for their rights. Read Full Article URL Copied 30 / 50 ‘My last wish is…’: Delhi Class 10 student blames teachers in suicide note India News 9 hr ago This is an AI assisted summary. A 16-year-old boy in Delhi took his own life after being scolded by his teacher. He left a note apologising to his family and requesting that his organs be donated. His father claims that constant humiliation from teachers led to the boy's decision. An FIR has been filed, and four teachers have been temporarily suspended. Read Full Article URL Copied 31 / 50 ‘It took ages to forget the trauma’: AR Rahman on coping with his father’s death at 9 Life 7 hr ago This is an AI assisted summary. AR Rahman, an acclaimed Indian musician, has achieved great success with multiple awards, including two Oscars and two Grammys. In a heartfelt interview, he revealed his childhood in Chennai, his father's musical influence, and the impact of losing both parents at a young age. Read Full Article URL Copied 32 / 50 ‘False’ Hindu gods row: Donald Trump Jr ‘prays’ to Lord Ganesh post Republican controversy World News 9 hr ago This is an AI assisted summary. Donald Trump Jr, son of US president, visited a wildlife rescue center in Gujarat and attended a wedding in Rajasthan during his second trip to India. He was hosted by Anant Ambani and participated in garba-dandiya festivities. His visit coincides with ongoing trade negotiations between India and the US. Read Full Article URL Copied 33 / 50 India-Afghanistan to resume cargo flight operations India News 9 hr ago This is an AI assisted summary. India to resume air cargo services with Afghanistan as Joint Secretary at MEA confirms completion of groundwork. Afghan Trade Minister Al-Haj Nooruddin Azizi's visit to New Delhi aims to strengthen trade ties, particularly in the agricultural sector. Bilateral trade currently stands at 1 billion with potential for further growth. Read Full Article URL Copied 34 / 50 Markets see profit booking: Nifty closes near 26,000, Sensex falls 400 points – Here are key highlights Market 9 hr ago This is an AI assisted summary. Indian equity benchmarks closed the week with a 0.47% decline, as the Nifty 50 and BSE Sensex were affected by a global decline and weak INR-USD. Investor sentiments were also impacted by the lack of progress on the India-US trade deal and potential delays. Mid- and small-cap stocks saw sharper corrections, while Maruti Suzuki was the top performer. Read Full Article URL Copied 35 / 50 November PMI: Manufacturing slips to 9-month low, private sector growth hits 6-month low Policy 12 hr ago This is an AI assisted summary. India's private sector growth slowed in November, with manufacturing PMI dropping to a nine-month low of 57.4. However, the country's composite PMI remained in expansionary territory at 59.9. Analysts warn of emerging sectoral softness and global headwinds, with issuer-specific fundamentals playing a larger role in credit rating actions. Read Full Article URL Copied 36 / 50 City gas distributors set for strong margin recovery in FY26: Crisil lists 3 reasons why Business 10 hr ago This is an AI assisted summary. Crisil Ratings predicts that city gas operators will see a recovery in operating profit this fiscal, thanks to a shift towards contracted supplies and reduced reliance on spot markets. The report also highlights the impact of increased gas procurement costs and steady realisations on margins, as well as the potential for healthy volume growth and risks to watch out for in the future. Read Full Article URL Copied 37 / 50 Maruti Suzuki buys 7.84% stake in Ravity Software to boost connected mobility Business 10 hr ago This is an AI assisted summary. Maruti Suzuki India has invested Rs 2 crore in Ravity Software Solutions, marking its third investment under the Maruti Suzuki Innovation Fund. The company's MD and CEO believes in the potential of startups and Ravity's expertise in AI, analytics, and mobility will enhance customer experience. The fund focuses on innovative startups with high potential. Read Full Article URL Copied 38 / 50 Vedanta’s December Demerger Decision: 3 key reasons Nuvama sees 34% upside potential Market 10 hr ago This is an AI assisted summary. Nuvama Institutional Equities maintains a 'Buy' rating on Vedanta with a target price of Rs 686, expecting a 34% upside. The company's focus on demerger, delivery, and deleveraging (3Ds) is expected to pay off with support from commodity prices. The completion of the demerger process, along with other positive triggers, could enhance the fair value by Rs 84 per share. Read Full Article URL Copied 39 / 50 Frida Kahlo painting sells for $55 million, becoming the most expensive artwork by a woman Lifestyle 10 hr ago This is an AI assisted summary. Frida Kahlo's 'El sueño (La cama)' sold for $54.7 million, setting a new record for the most expensive artwork by a female artist. The painting, featuring Kahlo in a vulnerable self-portrait, was in a private collection for 45 years and is a rare find due to Mexican laws. Its sale marks a significant moment in art history. Read Full Article URL Copied 40 / 50 SC seeks ECI’s response on pleas challenging SIR in Kerala, UP and other states India News 11 hr ago This is an AI assisted summary. The Supreme Court has asked for the ECI's response on the revision of electoral rolls in several states, including Kerala and Uttar Pradesh. Chaos erupted in West Bengal, Tamil Nadu, and Kerala as leaders claim pressure on workers. The court has set November 26 for a hearing case on Kerala. Protests have been held in Tamil Nadu and Kerala over the deaths of officials due to alleged work pressure. Read Full Article URL Copied 41 / 50 Fire at Hindalco’s Novelis plant for the second time in 2 months Business 11 hr ago This is an AI assisted summary. Hindalco's subsidiary Novelis' plant in New York caught fire for the second time in two months. All employees were safely evacuated and the fire is now under control. The previous fire on September 16 caused significant damage and resulted in an estimated negative free cash flow impact of $550-650 million. The company is still assessing the financial cost of the latest fire. Read Full Article URL Copied 42 / 50 Nalin Haley, with a Sikh kara, fires against immigrants, foreign students World News 9 hr ago This is an AI assisted summary. Nalin Haley, son of Nikki Haley, has sparked controversy with his strong stance on immigration in the US. In a Tucker Carlson interview, he discussed limiting foreign students and questioning naturalized citizens in public office. While some criticize him, others see him as the potential face of the male Gen Z right-wing. Read Full Article URL Copied 43 / 50 US CEO reveals how ‘building Jarvis’ as a child inspired his $81mn AI company Trending News 13 hr ago This is an AI assisted summary. Tanay Kothari, CEO of AI startup Wispr Flow, turned his childhood passion into a thriving $81 million company. He started coding AI at the age of 10, inspired by Iron Man, and has since built over 50 apps. Despite a cease and desist from Google, he never truly gave up and has now raised $81 million for his AI company, Wispr Flow. Read Full Article URL Copied 44 / 50 ‘Soham Parekh version of Co-Founder-ism’: Indian man lists himself as CEO of US startup Trending News 11 hr ago This is an AI assisted summary. After Indian man Ashish Bagade listed himself as CEO of several startups on LinkedIn, PitchBook fell for it. Venture capitalist Zach DeWitt raised the issue on X, revealing that Bagade listed himself as co-CEO of Cursor, and PitchBook also listed him as co-CEO. He also listed himself as the co-founder of Matiks, a firm co-founded by Sudhanshu Bhatia. Read Full Article URL Copied 45 / 50 ‘You can reach space faster’: Shubhanshu Shukla’s take on Bengaluru traffic goes viral India News 12 hr ago This is an AI assisted summary. Bengaluru's traffic issues have resurfaced after astronaut Shubhanshu Shukla revealed his lengthy commute to a tech summit. The state government has promised to tackle the city's infrastructure problems, following discussions with top business leaders. Shukla's comment, based on his experience on the International Space Station, has sparked renewed debate on the state of Bengaluru's traffic. Read Full Article URL Copied 46 / 50 As Saif Ali Khan invests Rs 30.75 in Mumbai property, a look at his real estate empire Lifestyle 6 hr ago This is an AI assisted summary. Bollywood actor Saif Ali Khan adds to his impressive real estate portfolio with the purchase of two premium commercial units in Mumbai worth Rs 30.75 crore. These units, located in Kanakia Wallstreet, come with six designated car parkings. Saif also owns luxurious properties in Bandra West, Fortune Heights, and Pataudi Palace, along with a private chalet. Read Full Article URL Copied 47 / 50 Ariana Grande confirms Covid diagnosis amid busy Wicked: For Good promotions Life 13 hr ago This is an AI assisted summary. Ariana Grande has tested positive for Covid-19 in the middle of promoting her upcoming film Wicked: For Good, forcing her to halt all scheduled media appearances. The pop star revealed the diagnosis on Instagram with a behind-the-scenes photo captioned “Moments before Covid.” The news arrives just after co-star Cynthia Erivo was reported to be unwell. Read Full Article URL Copied 48 / 50 Red Fort terror attack: Ganai received 42 tutorials on making bombs from foreign handler India News 17 hr ago This is an AI assisted summary. The NIA has arrested a suspect in the Red Fort blast case, who received 42 bomb-making videos from a foreign handler. This handler may have coordinated with terror modules in Karnataka and Tamil Nadu. The Delhi terror attack on November 10 has killed at least 15 people and left many injured. Read Full Article URL Copied 49 / 50 Russian oil: US official says India-China banks are ‘complying’ with sanctions World News 13 hr ago This is an AI assisted summary. US Treasury official confirms Indian and Chinese firms following US sanctions on Russian imports. Sanctions have reduced Russian oil prices, hindering funding for war in Ukraine. Top buyers from India and China are avoiding Russian oil purchases. Trump plans to impose 500% tariffs on imports from countries still doing business with Russia. Read Full Article URL Copied 50 / 50 Groww shares rebound 6% ahead of Q2 results: Will the earnings break this volatile streak? Market 12 hr ago This is an AI assisted summary. Billionbrains Garage Ventures, parent company of Groww, saw a rebound in shares as investors awaited the announcement of their September quarter earnings. The company also scheduled a board meeting and earnings call to discuss unaudited financial results. Despite a strong listing, Groww's stock had a volatile week, hitting upper circuit on Monday but correcting on Tuesday and Thursday. Read Full Article URL Copied