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Walmart-backed PhonePe on Thursday launched collateralized lending products on its platform in partnership with a network of banks, non-banking financial companies (NBFCs) and fintechs. PhonePe’s 535 million registered users now have access to loan solutions across six major categories: Mutual

Irdai sets 3-hour deadline for processing health claims

MUMBAI: Insurance regulator Irdai has introduced several reforms in the health insurance sector aimed at improving service standards for policyholders. The new norms require insurers to approve cashless claims within one hour and give final approval for hospital discharge within

Delhi simmers at record temperature of 52.3 °C

On Wednesday, Delhi recorded the highest temperature ever recorded at 52.3°C. The India Meteorological Department (IMD) said the automatic weather station at Mungeshpur recorded this temperature at around 2.30 pm. This sweltering temperature was reached just a day after Mungeshpur