Indian News

India's child mortality rate was world's highest in 2015: Study 

Eco/Invest/Demography, Health       May 15, 2019

  New Delhi: At 47.8 deaths per 1,000 live births, India in 2015 had more deaths among children under five than any other country, new research has found.   This is despite the great progress the country has made in reducing child mortality. During 2000-2015, the annual...

Paytm Mall probe reveals Rs 10-crore cashback fraud: Vijay Shekhar Sharma

Risk Management       May 15, 2019

New Delhi: Paytm Mall has unearthed a fraud of up to Rs 10 crore following a probe into a large percentage of cashbacks earned by small merchants and de-listed hundreds of sellers from its platform apart from sacking many employees.   Regarding the feasibility of businesses...

Indian pharma majors deny allegations of price fixing in US

Health, Non-Life, Risk Management       May 14, 2019

  New Delhi: Indian pharma majors Dr Reddy's, Workhardt, Aurobindo and Glenmark, which are among the generic drug makers named in an anti-trust lawsuit in the US, May 14 denied allegations of engaging in conspiracy to fix prices.   The homegrown drugmakers are among the 21 generic...

Monsoon likely to hit Kerala on June 4: Skymet 

Eco/Invest/Demography       May 14, 2019

  NEW DELHI: Monsoon rains are expected to hit Kerala coast on June 4 and deliver less rainfall than average in 2019, the country's only private weather forecasting agency said on Tuesday, dampening prospects of higher farm and economic growth in the $2.6 trillion economy.    Rains...

Atul Sahai, CMD, NIA 

New India Assurance records a net profit of Rs 605 cr in 2018-19

Non-Life       May 13, 2019

Mumbai: With a global gross written premium of  Rs 28,017 crore. state-owned general insurer New India Assurance(NIA), on Monday, reported a net profit of Rs 604.77 crore in FY 2018-19 as against Rs 2,189.22 crore in the previous fiscal. However, the largest Indian general insurer...

NBFC sector faces imminent crisis, says Corporate Affairs Secretary

Eco/Invest/Demography, Risk Management       May 12, 2019

  New Delhi:  There is an "imminent crisis" in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said.   In recent months, the country's financial system has been grappling...

Millionaires fleeing India in larger numbers: Report

  New Delhi: All the chest thumping over a big leap forward in the ease of doing business index and the tag of the world's fastest growing economy in the world may not be of much worth, as a new report suggests that Indians who have...

Cyclone Fani Death toll mounts to 43 people stage blockade

Disaster & Management, Eco/Invest/Demography       May 12, 2019

  Bhubaneswar:  The death toll in Odisha due to Cyclone Fani mounted to 43 on Saturday, even as people staged a road blockade and assaulted a state official in protest against water shortage and power cuts in the coastal belt ravaged by the severe storm a...

'Modicare' significant step towards universal health coverage in India: US think tank

Eco/Invest/Demography, Health       May 11, 2019

  Washington:  'Modicare' significant step towards universal health coverage in India: US think tankIndia's ambitious health insurance scheme, Ayushman Bharat, marks a significant step towards universal health coverage but the government should ensure that it is sustainable and delivers the high-quality care that Indians need, a...