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Senior company official

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Banking, Fintech & Insurance 04 Nov 2026, 05:00 PM IST

Spandana Sphoorty Flags Rs 7.8 Crore Cyber Fraud, Seeks Bank Reversal

Spandana Sphoorty Financial reported unauthorized transactions worth Rs 7.8 crore after detecting a cyber fraud incident on Sunday, triggering immediate containment measures and a formal request to its bank to reverse the transfers. A senior company official said the microfinance lender has insurance coverage for the losses, while investigations into the breach and the associated services are underway.

By RDU Global Wire5 min read
National Governance & Policy26 Oct 2026, 08:00 AM IST

Former Financial Services Secretary Nagaraju Maddirala Appointed IL&FS Chairman and Managing Director for Two Years

Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of Infrastructure Leasing & Financial Services Ltd. for a two-year term, marking a significant leadership change at the debt-laden infrastructure financier. The Ministry of Corporate Affairs confirmed the appointment on October 12, following the tenure of Nand Kishore, as IL&FS continues to operate under a government-appointed board after its financial collapse.

5 min readRead →
Global Markets & Equities23 Oct 2026, 05:00 PM IST

UnitedHealthcare, Humana Medicare Advantage Cuts Set to Disrupt Coverage for 1 Million Seniors

UnitedHealthcare and Humana are moving to cancel or scale back Medicare Advantage plans that together cover roughly 1 million people, according to reports, setting up one of the largest coverage shake-ups in the U.S. senior health market. The changes could force many beneficiaries to switch plans, reassess provider networks and face higher out-of-pocket costs as insurers respond to tighter margins and rising medical expenses.

5 min readRead →
Global Markets & Equities19 Oct 2026, 05:00 PM IST

UBS Capital Rules Put Switzerland in a Tight Corner as Pressure Builds on the Bank

Switzerland is confronting a difficult trade-off as policymakers weigh tougher capital rules for UBS, the country’s largest bank and a pillar of its financial system. The debate has sharpened after market concerns that stricter requirements could weaken UBS’s competitiveness, while any retreat risks leaving the state exposed to another banking shock.

6 min readRead →
World Politics & Diplomacy14 Oct 2026, 01:04 PM IST

China’s ‘Loneliness Economy’ Turns Companionship Into a Paid Service for the Elderly

A new service sector is emerging in China as families and older adults increasingly pay for companionship, with some workers hired as temporary children to provide emotional support, conversation, and day-to-day assistance. The trend reflects the pressures of rapid ageing, shrinking family networks, and a society still adapting to the social costs of urbanisation and migration.

5 min readRead →
National Governance & Policy14 Oct 2026, 12:20 AM IST

Former Financial Services Secretary Nagaraju Maddirala Named IL&FS Chairman and Managing Director for Two Years

Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of IL&FS for a two-year term, the Ministry of Corporate Affairs confirmed on October 12. His appointment comes as the infrastructure financier remains under government oversight following its earlier debt crisis and restructuring process.

5 min readRead →
World Politics & Diplomacy10 Oct 2026, 09:57 PM IST

Schroeder’s Putin Birthday Visit Sparks Outrage in Germany

Former German Chancellor Gerhard Schroeder has drawn sharp criticism after attending Russian President Vladimir Putin’s birthday celebration at the Kremlin leader’s residence, according to Reuters and German media reports. The visit has reignited debate over Schroeder’s long-standing ties to Moscow and intensified political anger in Berlin at a time of deep strain in Europe-Russia relations.

5 min readRead →
Global Markets & Equities10 Oct 2026, 02:50 AM IST

Private Medicare Plans Are Raising Costs and Shrinking Choice for Millions

Private Medicare Advantage and related drug plans are tightening coverage, lifting out-of-pocket costs and forcing many older Americans to shop for new insurance during open enrollment. The changes reflect a broader recalibration by insurers as medical costs rise and margins narrow, with ripple effects across households, providers and the broader health-care market.

5 min readRead →

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