Category

LIC offering Rs 1.25 trillion by 2024 for highway projects, says Gadkari

Indian News       Jul 21, 2019

New Delhi: As part of innovative modes of financing to meet India's huge infrastructure appetite, insurance giant LIC has agreed to offer Rs 1.25 trillion line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said.   Keen on timely execution of the...

Private insurance firms got Rs 46 crore premium in 2 years, paid Rs 7 crore in claims to railway passengers: RTI

Indian News       Jul 21, 2019

NEW DELHI: Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has found.   ...

Fed's Bullard sees cryptocurrencies shifting US financial system 

International News       Jul 20, 2019

  NEW YORK: Cryptocurrencies are changing the US currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard said on Friday.    “The current situation could be described as a drift toward a non-uniform currency in the...

Mukesh Ambani keeps salary capped at Rs 15 cr for 11th yr in a row

Data       Jul 20, 2019

  Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year on the trot. Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs...

Boeing Creates $50M Crash Victims’ Fund

International News       Jul 19, 2019

Seattle: Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest...

ICICI Lombard General net profit at Rs 310 cr, up 7.1 %, in Q1 FY2020  

Indian News       Jul 19, 2019

  Mumbai: The profit after tax (PAT) of ICICI Lombard General Insurance, the largest private sector geneeral insurer,  grew by 7.1 per cent to Rs 310 crore  in Q1 FY2020 as against  Rs 289 crore in Q1 FY2019.   The company's profit before tax (PBT) grew by7.2...

Better career prospects, sense of fulfilment attract expats to India: Survey

Indian News       Jul 19, 2019

  NEW DELHI: India has emerged as a popular destination for expats as working in the country boosts their careers and provides enhanced salary and sense of fulfilment, says an HSBC survey.    The survey was conducted on 18,059 expats from 163 markets.    Around 48 per cent...

India down 3 Places in mobile, broadband speed: Report

Indian News       Jul 19, 2019

New Delhi: India’s ranking in terms of mobile internet and fixed broadband speed declined by three places in June to 74th and 126th positions respectively, a report by Ookla said on Friday.   As per the report, there has been a slight decline since the previous...

Subsidy for EVs only for commercial vehicles, not personal usage:Govt

Indian News       Jul 19, 2019

  New Delhi: The government Friday asserted that subsidies for the promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included.   Speaking at an event here, Minister of State for Heavy Industries and Public Enterprises...

IRDAI cautions Reliance Nippon Life on expense management

Indian News       Jul 19, 2019

  Hyderabad: The insurance regulator IRDAI has reprimanded the Reliance Nippon Life Insurance Company,  for failing to comply with regulations on expense management. According to the IRDAI rulings on Friday , the insurer has neither furnished the Certificate from the appointed actuary nor demonstrated that the...