Indian News

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

Non-Life       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

Eco/Invest/Demography, Pension       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

Eco/Invest/Demography, Technology       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

Eco/Invest/Demography       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...

Digital transaction volumes up 51% in 2018-19 to 3,133.5 crore, says Ravi Shankar Prasad

Eco/Invest/Demography, Technology       Jul 20, 2019

New Delhi: Digital transaction volumes in India swelled to 3,133.58 crore in 2018-19, registering a growth of 51 percent over the previous year, and the government does not see any kind of "friction" in digital payments, Parliament was informed on July 18.   The transaction volumes...

DGCA found safety management system of 5 airlines deficient: Govt

Non-Life, Risk Management       Jul 17, 2019

  NEW DELHI: Aviation regulator DGCA has conducted safety audits of Air India Express, SpiceJet, AirAsia, IndiGo and GoAir and it found the implementation of their safety management system "to be deficient", the government informed Rajya Sabha Wednesday.   Civil Aviation Minister Hardeep Singh Puri said the...

5.89 lakh unregistered telemarketers blacklisted since 2011 for pesky calls: Ravi Shankar Prasad

Intermediaries       Jul 17, 2019

New Delhi: Telecom resources of 18.19 lakh unregistered telemarketers have been disconnected and 5.8 lakh were blacklisted by service providers since 2011 following consumer complaints on pesky telemarketing calls, Parliament was informed on July 17.   Further, a penalty of Rs 4.16 crore was deducted from...

Government to prepare national data on unorganised sector

Eco/Invest/Demography, Life, Non-Life, Pension       Jul 17, 2019

  NEW DELHI: Shrinking of unorganised sector is a "positive" indicator of development and the government will prepare a separate data on unorganised workers in India, Labour and Employment Minister Santosh Kumar Gangwar told the the Rajya Sabha on Wednesday.   The government has taken several measures...

Ebix to acquier Yatra Online for Rs 2,314 crore

Intermediaries       Jul 17, 2019

  GURUGRAM,ATLANTA and NEW YORK: Ebix, Inc, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. and Yatra Online, Inc. today announced that they have entered into a definitive agreement under which Ebix will acquire Yatra via...

1 2 3 4