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Business Standard
a day ago
- Business
- Business Standard
SBI General Insurance Grows 2.4 Times Faster than the Industry with 21.5 Percentage Growth in Q1 FY 26
NewsVoir Mumbai (Maharashtra) [India], July 29: SBI General Insurance, one of India's leading general insurance companies, announced its financial results for Q1 FY26, posting a topline growth of 21.5%, significantly higher than the industry (Private & SAHI) growth of 6.2%, marking the Company as one of the fastest-growing general insurers in the country. The Company reported a Gross Written Premium (GWP) of INR 3250 crores, maintaining its upward momentum. Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 25.6% for Q1FY26. The Company gained 78 basis points improvement in private market share, i.e. 6.19% reflecting growing customer preference and an expanding footprint across key markets. The Profit Before Tax (PBT) stood at INR 249 crores, while the loss ratio improved significantly from 86.2% to 81.7%, indicating stronger portfolio quality and disciplined underwriting. Continuing to outpace industry growth, the company reported a Profit After Tax (PAT) of INR 188 crores. The solvency ratio stood at 2.08, well above the regulatory requirement demonstrating strong financial stability. SBI General Insurance continues to lead the Personal Accident (PA) segment, maintaining its position as the No. 1 private insurer. The company gained market share in the key categories of Health by 72 bps , Motor by 47 bps and Personal Accident by 49 bps. The Health and Motor Insurance lines of business remain key growth drivers, while other segments, such as Fire, Engineering, and Liability, have also contributed significantly to the growth. This growth has been propelled by rising awareness, increased demand for comprehensive coverage, growing digital adoption, and supportive government policies. Commenting on the Company's quarterly performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, "We have started FY26 on a strong note with sustained growth across all key parameters. Our GWP stood at INR 3250 crores, reflecting focus on balanced growth and profitability, backed by customer trust and agile execution. The insurance industry is evolving rapidly, shaped by rising awareness, regulatory momentum, and increasing adoption of digital platforms. Our performance is a reflection of our steadfast dedication to customer-focused innovation, operational excellence, and sustainable growth. We remain committed to further strengthening our capabilities and delivering on our promise of protecting what matters most to our customers." Mr. Jitendra Attra, CFO, SBI General Insurance, added, "Our Q1 FY26 performance reflects a strong improvement across key financial metrics. Despite growing at 3.5X compared to private industry growth, our Loss ratio has shown significant improvement demonstrating disciplined underwriting, risk management, strong business portfolio and cost efficiency. The significant increase in profitability and solvency highlights our robust business fundamentals and our ability to foresee and adapt to a dynamic market environment. We will continue to focus on delivering value to all stakeholders while sustaining our growth momentum." With a clear focus on customer-centricity, innovation, and operational strength, SBI General Insurance remains well-positioned to drive responsible growth and create long-term value in the evolving insurance landscape. About SBI General Insurance SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 146 branches. In FY 2024-25, SBI General Insurance reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YOY growth of 11.1%. The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named as the Domestic General Insurer of the Year - India and Claims Initiative of the Year - India at Insurance Asia Awards 2025 Singapore, Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India's Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld's India's Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and innovation. With a team of over 9,000+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 22000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.
Business Standard
a day ago
- Business
- Business Standard
Anmol Jewellers Launches Anmol Accents: Everyday Fine Luxury Jewellery for the Modern Indian Woman
NewsVoir Mumbai (Maharashtra) [India], July 29: Anmol Jewellers, one of India's most trusted names in fine jewellery, is excited to announce the launch of Anmol Accents, a fresh new jewellery line created for the modern Indian woman on the go. Designed as a collection of everyday-luxury pieces, Anmol Accents brings Anmol's legacy craftsmanship into today's world: versatile, wearable, and personal. Founded in 1986 by Ishu Datwani, Anmol Jewellers has spent nearly four decades building a reputation for timeless design, handcrafted quality, and a loyal clientele that includes Bollywood icons and legacy families. From bespoke bridal sets to statement jewels, Anmol has helped shape India's fine jewellery landscape. Now, the legacy grows with a new chapter Anmol Accents isn't just a new label. It's a new way of thinking about jewellery. Conceptualised and developed by Trisha Datwani Anand, second-generation jeweller and founder of Anmol Accents, this line is all about modern women who define luxury in their own way, balancing ambition, identity, and everything in between. Her belief is simple: luxury doesn't need to be loud to be powerful. "This isn't just a launch, it's a beginning," Trisha shares. "Accents is my way of saying: I see you. Because I am you." For Trisha, a second-generation jeweller, Anmol Accents is more than just a new collection. It's a personal project shaped by her own experience with leadership, marriage, and life transitions. "Luxury has always been personal for Anmol. Today, women want more than just adornment. They want stories, subtle but distinct craftsmanship, intention with fluidity and ease. Anmol Accents is about celebrating their everyday: the meetings, the milestones, the mood shifts. These are jewellery piece accents that accompany you as you grow into the person you're meant to be." said Trisha Datwani Anand. Who Is the Anmol Accents Woman? Anmol Accents celebrates women navigating work, home, and everything in between. Whether she's a young mom, a newlywed, or building a business, jewellery is part of her everyday identity, not just an occasional indulgence. Curious, self-aware, and expressive, she sees jewellery not as an occasional indulgence but as part of her everyday identity. From reimagined mangalsutras to sleek gold hoops and delicate bracelets stacked for a coffee run, Anmol Accents offers finely crafted pieces that blend fashion, function, and feeling, thoughtfully designed to move with her, wherever the day takes her. With everyday jewellery priced under INR 5,00,000, this collection offers the perfect blend of quiet confidence and accessible luxury, ideal for styling, gifting, or celebrating yourself. "Anmol has always been a brand of firsts, and Accents is another one continuing that legacy," said Ishu Datwani, Founder of Anmol Jewellers. "It's not just jewellery for special occasions. It's for women writing their own definitions of luxury, every single day. We're proud to watch Trisha build this, thoughtfully, boldly, beautifully." Empowering Women Beyond Jewellery: Anmol's Partnership with Srujna Charitable Trust During the launch, Anmol Accents announced its CSR support to Srujna Charitable Trust, supporting their Super Didi Program. The initiative helps underserved women across India develop entrepreneurial skills, digital literacy, and leadership abilities. Through 12 Super Didis, it aims to impact 240 women across six locations, creating livelihood opportunities and community leadership. Anmol partnered with Srujna as both share a similar vision: empowering women from the grassroots to the boardroom, which is in line with Anmol Accents' belief in supporting women navigating multiple roles with confidence and self-expression. Spoken Word Meets Jewellery: A Campaign About Women's Stories As part of the launch, Anmol Accents introduced a spoken word poetry campaign that gives voice to modern women's everyday experiences, from ambition and self-doubt to quiet strength and resilience. Featuring 50 original poems, the campaign covers themes such as 'The Power of No,' 'Imposter Syndrome,' and 'The Pay Gap.' The videos will roll out from August 2025 across Anmol's digital platforms. Anmol Accents is now available at Anmol's flagship store in Mumbai. For more details, you can reach out to Khushbu at 7039539187 or visit
Business Standard
6 days ago
- Business
- Business Standard
DGCA's 360-Degree Audits are a Positive Step, but Seamless Execution will be Crucial, Says Jaideep Mirchandani
NewsVoir Mumbai (Maharashtra) [India], July 24: Following the concern over safety gaps in air travel, especially in the wake of the recent fatal air crash at Ahmedabad that claimed 241 lives, the Directorate General of Civil Aviation (DGCA) has introduced a special audit framework for a 360-degree evaluation of the country's aviation ecosystem. The new system will replace the existing Silo Safety system of inspection, which involves parallel, disconnected, step-by-step inspections, such as one for pilots, a separate one for airports, and another for aircraft. The new integrated audit, meanwhile, will be led by a multi-disciplinary team from various departments of the DGCA. As per the plan, specialists in flight standards, airworthiness, navigation, licensing, operations, and air safety will collaborate on joint audits alongside DGCA officials. The special audits will apply to all scheduled, non-scheduled, and private air operators, as well as Maintenance, Repair, and Overhaul (MRO) organisations, approved training organisations, aerodrome operators, and ground handling agencies. "It is indeed a good move to launch a comprehensive 360-degree audit system that will help in detecting risks that may be hidden between regulatory faultlines. The new rule will also help in bringing in external industry experts, if required, and provide clearer operational insights. There will also be surprise audits overseen by the Joint Director General, as per the circular, which will help in clearly assessing the safety management systems and internal frameworks designed by airlines. It will also help in identifying operational risks before they escalate into disasters," says Jaideep Mirchandani, Group Chairman of Sky One. He also notes that the new decision is timely, given the unprecedented growth India is experiencing in aviation. "We know that Indian carriers have already placed massive orders for new aircraft, and hence the staffing, as well as other related aspects, requires more procedural depth. With the kind of expansion they are planning, the previous system of isolated inspections will not work. It requires a larger-scale mechanism like the 360-degree inspection, which will also help bring India's inspection regimen on par with International Civil Aviation Organisation (ICAO) standards and recommendations," adds Mr Mirchandani. However, Mr Mirchandani says it is essential for the regulatory body to ensure that the new framework is implemented strictly. "Execution is the key here. There should be constant follow-ups from policymakers to ensure that all inspections are conducted regularly. As we know, the Indian skies are becoming increasingly crowded, with more flights expected to be introduced on domestic and international routes. So, it is an opportunity to build operational excellence, with DGCA-led clarity and accountability pushing all stakeholders toward best-in-class standards," he concludes.
Business Standard
6 days ago
- Science
- Business Standard
The Innovation Story Makes History at First Tech Challenge Asia Pacific Championship
NewsVoir Mumbai (Maharashtra) [India], July 24: In a defining moment for Indian STEM education, The Innovation Story (TIS) has achieved an unprecedented third consecutive victory at the FTC Asia Pacific Open Championship 2025 held in Sydney, Australia, cementing its position as a leader in school-level robotics and AI education in India. This year's winning team, Team Kryptonite 28078 from Dhirubhai Ambani International School, mentored by The Innovation Story, delivered a standout performance. * The highest tournament score * An undefeated playoff record, and * The Innovate Award, which celebrates cutting-edge engineering and out-of-the-box thinking "What we're seeing is the result of deep, hands-on mentorship and belief in every child's potential," said Meenal Majumdar, Founder of The Innovation Story. "When students are given access to the right tools, global-level training, and mentors who work alongside them and not just instruct, they begin to see themselves differently. Their confidence and self-belief increases, they lead with clarity and dare to imagine what's possible." The FIRST Tech Challenge (FTC) is one of the world's most prestigious robotics competitions for middle and high school students. Teams design, build, and program sophisticated robots to complete complex, game-based challenges. With an emphasis on strategy, engineering design, innovation, and teamwork, FTC provides students with a unique opportunity to apply STEM skills in a highly competitive and collaborative global setting. The Innovation Story's Learning Model While TIS teams continue to dominate at global championships, the organization's impact goes far beyond the competition floor. Through cutting-edge programs in Robotics, AI and Mechatronics, The Innovation Story trains students from Grade 3 to Grade 12, developing not just technical capability, but the mindset to build and create in an innovation-driven world. Through their programs and makerspaces students receive hands-on exposure to advanced technology tools, real-world problem-solving, and immersive project-based learning. TIS is not just preparing students to win competitions -- it is helping them become confident builders, creators, and changemakers. Cutting-edge Global Curriculum TIS's curriculum is built in collaboration with global leaders from MIT, Stanford, and Harvard, offering students a standard of learning necessary for tomorrow's workforce. The organization works closely with Indian academic institutions as well, including Wadhwani Electric Lab at IIT Bombay, IIT Delhi's Technology Innovation Hub, and ART PARK at IISc Bangalore, giving students rare access to both international and domestic innovation ecosystems. Recently, TIS conducted a two-week AI Fellowship at MIT Media Lab that gave students the opportunity to explore artificial intelligence in an immersive learning environment with a host of renowned speakers. Additionally in July TIS students also conducted a Technology Innovators program at WEL Lab IIT Bombay that culminated in an IIT certified innovation showcase. With its unique blend of programs that range from participation in global championships to academic fellowships and training at institutions like MIT and IIT, as well as accessible initiatives that spark curiosity in younger students - The Innovation Story is leading the way in preparing young minds to become future changemakers, leaders and innovators.
Business Standard
23-07-2025
- Business
- Business Standard
Radio City Business Titans 2025 Chapter 4 - Where Visionaries Take Centre Stage
NewsVoir Mumbai (Maharashtra) [India], July 23: Radio City, India's number one radio network, is set to host the eagerly awaited fourth season of 'Radio City Business Titans (RCBT) Awards 2025' on 25th July at the scenic city of Phuket. As defined by the tagline 'Honouring Visionaries, Celebrating Excellence', the prestigious award celebrates India's most inspirational business stories - that of dreamers, disruptors, and doers who dare to redefine success. An illustrious gathering of distinguished personalities from diverse industries will converge for an unforgettable evening of celebration in the august presence of acclaimed actor Boman Irani and multifaceted performer Sophie Choudry. RCBT is Radio City's unique way of recognising the indomitable spirit of India's entrepreneurs and their unshakeable vision. This year, the event gets a further fillip to its reputation as renowned electricity distribution company, Mahavitaran (MSEDCL) joins as the esteemed Solar Energy Partner. The future of Indian economy and the progress towards Viksit Bharat rests in the hands of these entrepreneurs. RCBT endeavours to motivate the next generation of business leaders through an evening of awards and accolades celebrating legacy businesses as well as new-age firms. The event will be a culmination point for both the industry veterans and budding startup founders, thereby facilitating dialogue, collaboration, and knowledge sharing. From inspiring brand stories to path-breaking innovations, it will give voice to India's entrepreneurial story on a global platform. Speaking on the upcoming edition, Mr. Ashit Kukian, CEO of Radio City, said, "Radio City has always championed the Indian spirit, not only across the country but also around the world. That's why we're bringing Chapter 4 of Radio City Business Titans to Phuket. This season promises to be just as iconic as our earlier editions, as we honour entrepreneurs who rise above challenges and redefine success. We aim to celebrate those who strive despite all odds and inspire the next generation of leaders. RCBT 2025 will be a celebration of passion, perseverance, and possibility." Sharing his excitement, actor Boman Irani said, "I'm thrilled to support Radio City in honouring our country's businesses that have made a name for themselves on the global stage and join the celebration of the spirit of Indian entrepreneurs." Sophie Choudry, singer and actor, added, "Indian entrepreneurs embody the spirit of possibility, and I'm excited to be part of their inspiring journeys. Radio City's Business Titans is a unique platform that celebrates creativity and perseverance, and I'm proud to support those driving change across India and beyond." True to its "Rag Rag Mein Daude City" spirit, the radio station is pulling out all the halts for a celebration that starts long before the spotlight hits the stage. On-air, listeners will catch powerful success stories, brand journeys, and client shoutouts woven into beautiful storytelling by some of the finest RJs of India. Meanwhile, the buzz will take over Instagram, Facebook, X, and LinkedIn with teaser drops, countdowns, and reels that build anticipation by the hour. At the backdrop of the beautiful city of Phuket, this year's RCBT promises to be as grand as its earlier editions in Dubai and Abu Dhabi. RCBT 2025 will be a historic event that shows Radio City's dedication to supporting India's economic environment. Season 4 is poised to raise the bar and further reaffirm the radio station's belief "Success Is Not A Destination; It's A Journey Worth Honouring." Radio City, a subsidiary of Jagran Prakashan Ltd. under Music Broadcast Limited (MBL), is India's first private FM radio broadcaster with over two decades of experience. With 39 stations across 12 states and 1 Union Territory, Radio City reaches 62% of India's FM population, engaging 69 million weekly listeners (Source: AZ Research 2019). Its digital presence extends through Driven by its brand philosophy "Rag Rag Mein Daude City," Radio City has pioneered unique and impactful content that resonates with city pride. The launch of #CityKiNayiVibe aims to connect with Gen Z through a fresh, modern sound. Popular IPs like 'Babber Sher,' 'Joke Studio,' and 'Love Guru' have become listener favourites. The station also champions independent music with the 'Radio City Freedom Awards' and provides a platform for emerging talent through 'Radio City Super Singer,' the first radio singing talent hunt, ongoing for 16 years. Additionally, 'Radio City Business Titans' was introduced in 2022 to honour excellence in Indian businesses. Radio City has embraced 'Radigitalization,' integrating radio with digital technology for a seamless experience. This includes AI-driven RJ Sia, who offers personalized, dynamic content, and RC Studio, a 24/7 video channel that blends video and audio, expanding Radio City's reach and engagement. Radio City launched Muzartdisco, India's first one-stop platform empowering independent artists with 360-degree career opportunities and global visibility, while also introduced an automated influencer marketing platform redefining digital brand engagement. Radio City has earned over 264 awards from prestigious platforms such as New York Festivals, ACEF Global, and India Radio Forum. In 2022, Music Broadcast Limited received 'India's Best Company of the Year 2022' from Berkshire Media. Radio City has consistently ranked as a top workplace in the Great Place To Work survey. In 2024, it was named the 7th Best Workplace in India and the Best Workplace for Millennials, while ranking 33rd in Asia and 1st in the Media sector. Previously, Radio City was recognized among India's Top 75 Workplaces for Women in 2019 and achieved 4th place for Best Large Workplaces in Asia in 2020. Known for its vibrant culture, Radio City embodies trust, pride, and camaraderie, offering an exceptional workplace experience for all employees.
