Indian News

Max Life Insurance gross written premium grows by 17 % to Rs 5,619 cr in H1 FY 2018-19

Life-News       Nov 14, 2018

  New Delhi: The Value of New Business (VNB) of Max Life Insurance Company increased by 42 percent  to Rs 290 crore due to a significant growth in new business as well as higher share of protection products in the first half of the financial year...

Cyber-attacks, volatile weather top risks for India Inc:Marsh-RIMS study

Economy, Non Life-News, Reinsurance, Risk Management       Nov 13, 2018

  MUMBAI:  Large scale cyber-attacks, massive incidents of data theft, and extreme weather events are the top three risks for India Inc., says a joint study by Marsh, a global leader in insurance broking, and RIMS, the risk management society™.   In fact, some 88 per cent...

GIC Re's gross premium goes up by 11 % to Rs 27,117 crore, net profit falls by 28 % in H1 2018-19

Non Life-News, Reinsurance       Nov 13, 2018

  Mumbai: State owned national reinsurer GIC Re with a total gross premium of Rs 27,117.40 crore has seen its net profit falling by 28 per cent to Rs 1,285.27 crore in H1 FY 2018-19 as compared to Rs 1,809.22 crore in the year ago period.  ...

New India's net profit falls by 22 % to Rs 963.82 cr in H1 2018-19

Non Life-News       Nov 12, 2018

  Mumbai:    With higher claims and other expenses, state owned New India Assurance (NIA), the largest non-life players in the country, at Rs.963.82 crores has witnessed a 22 per cent fall in its net profit in H1 2018-19 as against Rs.1247.68 crores in H1 2017-18.    The...

Cyclone 'Gaja' to intensify in next 24 hours

Economy, Risk Management       Nov 11, 2018

  Chennai: A deep depression in the bay of bengal has intensified into a cyclonic storm and is likely to cross the North Tamil Nadu and South Andhra Pradesh coast between Cuddalore and Sriharikota on November 15, regional weather office here said on November 11.   The...

FPIs infuse Rs 48 bn on rupee rise, oil prices drop

Economy       Nov 11, 2018

  New Delhi:  Foreign investors have pumped in nearly Rs 48 bn into the Indian capital markets in the last five trading sessions, after pulling out hefty funds in October, amid cooling global crude oil prices and rising rupee.   The recent infusion comes following a net...

India witnesses over 4.36 lakh cyberattacks from Russia, US

Non Life-News, Risk Management       Nov 11, 2018

  New Delhi: Russia, the US, China and the Netherlands were the top countries from where cybercriminals attacked users in India, with over 6.95 lakh such incidents between January-June 2018, according to cyber-security firm F-Secure.   Interestingly, the top 5 countries that cyberattackers from India targeted were...

Central govt staff to get pension payment order on day of retirement: Govt

Economy, Pension       Nov 11, 2018

  New Delhi: A mechanism has been put in place under which central government employees will get pension payment order (PPO) on the day of retirement, Union Minister Jitendra Singh said on Tuesday.   Inaugurating the All India Pension Adalat, he said Prime Minster Narendra Modi has...

IndiGo upgrades 125 orders of A320neo jets for a bigger sister model

Non Life-News, Risk Management       Nov 10, 2018

  Mumbai: Airbus SE's latest monthly order tally signaled a big change for India’s IndiGo. The planemaker’s biggest customer for the A320neo is upgrading 125 of its existing orders for the narrowbody’s bigger sister model.   Indigo, one of the few Indian carriers with enough cash to...