Indian News

RBI keeps repo rate on hold at 6%, inflation forecast increased

Economy       Dec 06, 2017

Mumbai: The Reserve Bank of India kept its policy rate unchanged on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.The RBI also kept the reverse repo rate unchanged at 5.75 percent.   All...

HDFC ERGO launches Solar energy shortfall cover

Non Life-News       Dec 06, 2017

Mumbai: HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, has launched  the country’s first  ever Solar Energy Shortfall Insurance Policy.    This new policy is designed to account for non-traditional and non-physical damage related risks that solar projects regularly...

From (Lto R) Usha Sangwan, MD, VK Sharma,,Chairman, Hemant Bhargava, MD, Sunita Sharam, MD at a press conference in Mumbai on Tuesday

LIC targets Rs 50,000 cr equity investment in FY 2018

Life-News       Dec 05, 2017

Mumbai: Life Insurance Corporation of India (LIC) India's largest life insurer has invested Rs 44,000 crore in the equity market in April- November, 50 per cent jump over Rs 29,000 crore invested in the year ago period  and it is likely that it may touch...

Centre planning to put toll-free 'quitline' number on tobacco packets

Health       Dec 03, 2017

New Delhi: The Centre is working on issuing a new set of enhanced pictorial and text warnings and planning to print the national toll-free helpline number on the packets of all tobacco products to amplify the message.   The National Tobacco Cessation QuitLine-1800 227787 is a...

Indian healthcare market to hit $372 billion by 2022

Health       Dec 03, 2017

NEW DELHI:   India's healthcare market may see threefold jump in value terms to USD 372 billion by 2022, driven by growing incidence of lifestyle diseases and rising demand for affordable healthcare delivery systems, says a report.    The report prepared by Assocham and research firm RNCOS...

Cyclone Ockhi cannot be declared national calamity: Centre

Disaster Management       Dec 03, 2017

Thiruvananthapuram: The Centre on Sunday said Cyclone Ockhi, which wrecked havoc in Kerala, Tamil Nadu and Lakshadweep, cannot be declared a national calamity as there is no such scheme, but assured all necessary assistance to tackle the situation.   Speaking to reporters after attending a high-level...

Insurance company to pay even if accident not in India: High Court

Non Life-News       Dec 03, 2017

Chandigarh: Punjab and Haryana high court has ruled that if a vehicle registered and insured in India meets with an accident in another country, the insurance company would be liable to pay the claim.  The order pertained to compensation to the kin of 54 pilgrims...

Govt notifies for Vijayan's successor

Regulation       Nov 30, 2017

AIP News Bureau Mumbai: Government has notified for the successor of IRDAI chairman TS Vijayan who will be retiring on 2ND Feb 2018.    ``It is desired that the applicant should have at least 30 years of work experience and he/she should have worked as secretary...

Vineet Arora, CEO, Aegon Life Insurance

Vineet Arora appointed as CEO of Aegon Life Insurance

Life-News       Nov 27, 2017

Mumbai:   Aegon Life Insurance has appointed Vineet Arora as the Managing Director & Chief Executive Officer, effective January 2018.  Arora will replace K. S. Gopalakrishnan who left the company on November 17, 2017 to take over as the country head of US based life insurer...