Indian News

Pushan Mahapatra, MD & CEO, SBI General Insurance

SBI General's net profit at Rs 396 cr, up 160 % in 2017-18

Non Life-News       May 08, 2018

  Mumbai: Riding over an extraordinary income of Rs131 crore and lower operating and claim expenses, SBI General Insurance has recorded  a profit after tax (PAT) of Rs 396 cr in FY 17 – 18, up 160 per cent over Rs 153 cr in FY 16...

Subhash Chandra Khuntia, new chairman, IRDAI,

Khuntia to take charge as new IRDA chairman on Monday

Regulation       May 05, 2018

  Hydearabad: Subhash Chandra Khuntia, 60, the newly appointed chairman of the Insurance Regulatory and Development Authority of India (IRDAI), will assume office on Monday.   Earlier this week, the government had appointed Khuntia, a former IAS officer and retired chief secretary of Karnatak, over insurer,as the...

Government issues fresh thunderstorm, squall warning for 4 states

Disaster Management       May 04, 2018

  NEW DELHI: A fresh warning about thunderstorm and squall hitting West Bengal, Odisha, Bihar and Uttar Pradesh today has been issued, the home ministry said, and noted that 124 people were killed while more than 300 injured in five states due to thunderstorm and lightning...

Insurance companies to refund excess premium under NHPM

Health       May 03, 2018

  New Delhi: Insurance companies will have to mandatorily refund excess premium if the claim ratio turns out to be less than 85 percent under the Centre's ambitious 'National Health Protection Mission' (NHPM), says a proposal by the health ministry. The programme will provide a coverage...

Chola MS records PBT of Rs. 347 crores, up 16.7 % in 2017-18

Non Life-News       May 03, 2018

  Chennai: Cholamandalam MS General Insurance Company Limited (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan has achieved a gross written premium of Rs. 4103 crores during FY 2017-18 registering a year on year growth of 30.9 per cent...

Indian aviation sector will see Rs 1 lakh cr investment in 5 years: Jayant Sinha

Economy       May 03, 2018

  New Delhi: The aviation sector in India, currently growing at nearly 28 percent, will see an investment of close to Rs 1 lakh crore in the next five years for capacity augmentation and development of new greenfield airports, Minister of State for Civil Aviation Jayant...

Govt has made 'serious' efforts to curb air pollution: Environment Ministry after WHO report

Health       May 03, 2018

  New Delhi: The Centre has made "serious" efforts to fight air pollution and the 2017 air quality data for fine particulate matter PM2.5 has shown improvement over the previous year, the Environment Ministry said today, after a WHO report listed 14 Indian cities among the...

Aadhaar doesn't pose any privacy issue: Bill Gates

Risk Management       May 03, 2018

  WASHINGTON: India's Aadhaar technology does not pose any privacy issue and the Bill and Melinda Gates Foundation has funded the World Bank to take this approach to other countries as it is worth emulating, Microsoft founder Bill Gates has said.   The 62-year-old multi-billionaire entrepreneur and...

Nearly 100 killed in dust storm in UP, Rajasthan

Disaster Management       May 03, 2018

  LUCKNOW/JAIPUR: A severe dust storm followed by thunder showers hit parts of Uttar Pradesh and Rajasthan overnight, killing nearly 100 people and leaving a trail of destruction.    Houses collapsed and trees and poles were uprooted in the storm that also led to power outages.  In...