Indian News

Aegon Life says data of 10,000 Indian customers possibly exposed

Life       Aug 02, 2019

  Mumbai: Aegon Life Insurance, a joint venture between the Netherlands-based Aegon and India's Times Group, on Friday said its website possibly exposed data of 10,000 customers. The company, however, said it is investigating the matter.   This incident was not the result of a hack or...

Lok Sabha passes Bill to set up National Committee on Dam Safety to prevent dam failures

  NEW DELHI: A bill seeking to set up an institutional mechanism for surveillance, inspection, operation and maintenance of specified dams across the country was passed by Lok Sabha on Friday with the centre asserting it has no intention of taking over power of the states.   ...

Parliament approves UAPA Bill, allows Centre to tag individual as terrorist

      Aug 02, 2019

  New Delhi: The Parliament on Friday approved an amendment to the anti-terror law to give powers to the central government to designate an individual as terrorist and seize his properties.   While Lok Sabha had passed the Unlawful Activities (Prevention) Amendment Bill, 2019 that seeks to...

35% minimum shareholding norm for listed firms may be put on hold: Report

Eco/Invest/Demography       Aug 02, 2019

New Delhi: The government is likely to put on hold a plan to raise the minimum public shareholding in listed companies, a source with direct knowledge of the matter said, amid concerns it could force the issuance of billions of dollars worth of shares.   Stock...

Monsoon expected to be normal in August, September, says IMD forecast

Eco/Invest/Demography       Aug 01, 2019

  New Delhi: Monsoon is expected to be normal in August and September, the India Meteorological Department said on Thursday in its forecast for the second half of the four-month rainfall season.   Quantitatively, the rainfall across the country as a whole during the two-month period is...

India's gold demand to soften in Q3 on price rise, rural distress: WGC

Eco/Invest/Demography       Aug 01, 2019

  New Delhi: India's gold demand is expected to soften in the September quarter as record high local prices dampen buying in the world's second biggest consumer of the precious metal, the World Gold Council (WGC) said on Thursday. The fall in consumption could weigh on...

RS passes Motor Vehicles (Amendment) Bill, 2019

Eco/Invest/Demography, Non-Life       Jul 31, 2019

  New Delhi: The Rajya Sabha on Wednesday passed the Motor Vehicles (Amendment) Bill, 2019 to tighten road traffic regulations such as the issuance of driving licence and imposed stricter penalties for violations in an attempt to improve road safety.   The Upper House passed the bill...

Alice Vaidyan, CMD, GIC Re

GIC Re hikes its property capacity to Rs 3,500 cr, plans US operations: Vaidyan

Non-Life, Reinsurance       Jul 31, 2019

  Mumbai: In a bid to provide larger support to the $ 5 trillion bound Indian economy, the state owned reinsurer GIC Re has raised its capacity for a single property cover to Rs 3500 crore from Rs 2500 crore in the Indian market.   Effectively, it...

Foreign investors snap 5-month buying streak, pull out Rs 3,758 cr in July

Eco/Invest/Demography       Jul 28, 2019

New Delhi: Reversing their five-month buying trend, overseas investors have pressed the exit button in July and pulled out a net Rs 3,758 crore from the Indian capital markets on account of multiple headwinds, including the super-rich tax announced in Budget 2019-20.   As per the...