Will prepare blueprint for companies moving out of China: FM Sitharaman

Indian News       Oct 20, 2019

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday said she will prepare a blueprint for international companies that are looking beyond China to make India as their preferred investment destination.   She said industry leaders who are contemplating getting their businesses out of China are...

Bhargav Dasgupta, MD &CEO, ICICI Lombard General Insurance

ICICI General Insurance net profit at Rs 308 cr, up 5% in Q2 2019-20

Indian News       Oct 18, 2019

  Mumbai: ICICI Lombard General Insurance has seen its profit after tax (PAT) growing  by 6.1 per cent to  Rs 618 crore  in H1 FY2020 as against Rs  582 crore in H1 FY2019    The private sector general insurer’s  PAT grew by 5 per cent to Rs...

UK heading for ‘fairly hard’ Brexit if Johnson deal passes

International News       Oct 18, 2019

  London: Britain will be on course for more distant economic ties with the European Union, making the country poorer, if Prime Minister Boris Johnson wins parliamentary backing for the Brexit deal he clinched with Brussels on Thursday.   Compared with the deal his predecessor Theresa May...

Typhoons Faxai, Hagibis, not likely to materially impact Japanese non-life insurers’ capitalisation

International News       Oct 18, 2019

  Hong Kong: The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels, according to a new AM Best commentary.   In a new Best’s Commentary, titled,...

 Brexit may spur more deals in legacy general insurance policies

International News       Oct 18, 2019

  LONDON: Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers.   Whether Britain leaves the European Union without a deal or under a so-called hard Brexit, British insurers selling policies...

Pushan Mahapatra, MD & CEO, SBI General Insurance

SBI General PAT at Rs 278 crs, up 9% in H1 FY 2019-20

Indian News       Oct 18, 2019

  Mumbai: SBI General Insurance has posted a profit before tax of 278 crs in H1 FY 2019-20 compared to Rs 256 crs in the previous year.   The general insurance arm of banking major State Bank of India (SBI) reported an underwriting profit of Rs 37...

Millennials spend more time socializing, sleeping than elders: Study

Facts       Oct 17, 2019

  WASHINGTON : The average millennial may sleep and game more than older generations, but are more educated, according to new US government research.   Millennials, or those born between 1981 and 1996, spend about 20 minutes more per day sleeping, and double the amount of time...

Union Finance Minister Nirmala Sitharaman

No better place to invest in the world than India: Nirmala Sitharaman

Indian News       Oct 17, 2019

  Washington: Investors can find no better place in the world than India that has a democracy loving and capitalist respecting environment, Union Finance Minister Nirmala Sitharaman has said.   She also assured international investors at an interaction session at the IMF's headquarters that the government was...

Karnataka most innovative state, Delhi tops UT segment: Niti Aayog

Indian News       Oct 17, 2019

  New Delhi: Karnataka has topped the first-ever innovation ranking of states, followed by Tamil Nadu and Maharasthra, a Niti Aayog sponsored report said on Thursday.   Bihar, Jharkhand and Chhattisgarh, on the other hand, trailed on the list. The India Innovation Index 2019, developed on the...

Britain, European Union reach Brexit deal

International News       Oct 17, 2019

  Brussels: Britain and the European Union said Thursday that they have struck an outline Brexit deal after days of intense see-saw negotiations — though it must still be formally approved by the bloc and ratified by the European and UK Parliaments.   Hours before a summit...

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