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GIC Re’s net profit rises 3% to Rs2,642 crore in Q4FY24, records underwriting profit and positive combine ratio

GIC Re’s net profit rises 3% to Rs2,642 crore in Q4FY24, records underwriting profit and positive combine ratio

by AIP Online Bureau | May 28, 2024 | Indian News, Reinsurance

“Despite having nine catastrophic events, which have added Rs 3,300 crore of losses for GIC Re, we had a profitable year in Fy 24. As a matter of strategy, we have increased our domestic premium by almost 15 per cent in Apr 1 renewals while going slow in...
All procedure followed for share sale, says REL chairperson Rashmi Saluja

All procedure followed for share sale, says REL chairperson Rashmi Saluja

by AIP Online Bureau | May 28, 2024 | Health, Indian News, Regulation

Rashmi Saluja,executive chairperson, Religare Enterprises Ltd Earlier this month, Burman Family, who are locked in a pitched battle with Religare Enterprises for the acquisition of the financial services firm, made fresh complaints against Saluja about insider trading...
India to stick to policy path even if Modi loses, Rajan Says

India to stick to policy path even if Modi loses, Rajan Says

by AIP Online Bureau | May 28, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management

Raghuram Rajan, former governor, Reserve Bank of India “There is a lot of continuity built into Indian policy. Whatever government comes in will take a lot of the good stuff that has been done and continue it.” Raghuram Rajan, a former governor and now a professor of...
Above average monsoon to boost agriculture and overall economic growth: IMD

Above average monsoon to boost agriculture and overall economic growth: IMD

by AIP Online Bureau | May 28, 2024 | Eco/Invest/Demography, Indian News, Non-Life

“Conditions favourable for onset of monsoon over Kerala in next 5 days. India’s monsoon core zone comprising most of the rain-fed agriculture areas likely to receive above normal rainfall” IMD New Delhi: India is likely to receive above average...

Govt cracks down on SMS scammers; blacklists 8 principal entities found spewing fraud msgs

by AIP Online Bureau | May 28, 2024 | Data, Regulation, Risk Management, Technology

The Department of Telecom (DoT), in collaboration with the Ministry of Home Affairs (MHA), has taken decisive action to protect citizens from potential SMS fraud through the Sanchar Saathi initiative, it said NEW DELHI: In a major crackdown on SMS scammers, the...
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