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LIC pays Rs 2,441 crore as an interim dividend to government

LIC pays Rs 2,441 crore as an interim dividend to government

by AIP Online Bureau | Mar 1, 2024 | Indian News, Life

From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque of Rs Rs 2,441.44 crore to Nirmala Sitharaman, finance minister, as an interim dividend to the government. Vivek Joshi, Secretary, Financial Services and  M P Tangirala, additional secretary,...
ICICI Bank buys 25 lakh shares to make ICICI Lombard Gen Insurance subsidiary co

ICICI Bank buys 25 lakh shares to make ICICI Lombard Gen Insurance subsidiary co

by AIP Online Bureau | Mar 1, 2024 | Banking & Bancassurance, Indian News, Non-Life

The move follows a May 2023 resolution by the bank’s board to increase the bank’s holding ICICI Lombard by another 4 per cent in multiple tranches Mumbai: Private sector lender ICICI Bank on Thursday said it has bought an additional 25.14 lakh shares of...
Govt shortlists 5 GMs for selecting a CMD of United India Insurance

Govt shortlists 5 GMs for selecting a CMD of United India Insurance

by AIP Online Bureau | Feb 29, 2024 | Indian News, Non-Life, Policy

The new head office of Chennai based United India Insurance, which was inaugurated by Union Finance minister Nirmala Sitharaman, virtually, on Friday The DFS now has prepared a new list of five general managers(GMs)- BS Rahul, Agriculture Insurance...

32 European major media groups sue Google for $2.3 bln

by AIP Online Bureau | Feb 29, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

“The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google’s misconduct,” a statement issued by their lawyers Geradin Partners and Stek said BRUSSELS: Alphabet’s Google was hit with a 2.1-billion-euro ($2.3...

European reinsurers’ renewals indicate peaking underwriting margins: Fitch

by AIP Online Bureau | Feb 29, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“We expect strong underwriting profitability to continue supporting the reinsurers’ ratings this year, with price levels and favourable terms and conditions adequately compensating for high claims inflation. Investment income will continue to bolster earnings as...
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