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With ships passing through the region becoming the target of increasing attacks and the resultant declaration by the JWC of Lloyds and other reinsurers of these waters as a high-risk area for shipping, major global shipping companies have proactively decided to avoid taking this route, a Tata AIG spokesperson said.

The share of Unit-Linked Insurance Plans (ULIPs) is likely to rise, in lockstep with the surge in stock indices, slowing the growth in Value of New Business (VNB) margins.

"We wish to reiterate that the company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger," it said in a clarification to the exchanges.

Yield on the 10-year benchmark government bond dropped to a low of 7.19% on Tuesday, five basis points lower than its closing level at the end of last week. The benchmark bond closed at 7.19% on Tuesday. Falling government bond yields lead to lower borrowing costs across the economy.

LIC reported a 93.8% increase in premiums from ₹11,858.5 crore to ₹22,981.3 crore mainly due to growth in group business.

The union government has nominated Sanjay Kumar Jain for additional charge as IRCTC CMD. Accordingly, Seema Kumar relinquished additional charge for the post of IRCTC CMD.

​The dollar edged higher against the euro on Tuesday and dipped against the yen as traders waited on inflation data on Thursday for clues on when the Federal Reserve is likely to cut rates.

Medi Assist Healthcare issue is completely an offer for sale, where promoters and other shareholders plan to sell 2.8 crore shares of the company. On listing, Medi Assist will be the first insurance third-party administrator (TPA) in India to hit Dalal Street.

At 9:37 a.m. ET, the Dow Jones Industrial Average was down 232.22 points, or 0.62%, at 37,450.79, the S&P 500 was down 25.67 points, or 0.54%, at 4,737.87, and the Nasdaq Composite was down 96.80 points, or 0.65%, at 14,746.97.