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Maha: IMD issues orange alert for next 5 days in Konkan; NDRF teams deployed at Mahad and Chiplun

by AIP Online Bureau | Jul 5, 2022 | Disaster & Management, Indian News

Meanwhile, after a break of a couple of days, heavy rains returned to Mumbai on Monday. According to civic officials, the island city recorded 21 mm of rainfall from 8 am to 6 pm, while the eastern and western suburbs received 17 mm and 25 mm of rainfall, respectively...
Passenger vehicle retail sales up 40 pc in June as chip supply improves

Passenger vehicle retail sales up 40 pc in June as chip supply improves

by AIP Online Bureau | Jul 5, 2022 | Eco/Invest/Demography, Indian News, Non-Life

Two-wheeler retail sales last month rose 20 per cent to 11,19,096 units, as compared to 9,30,825 units in the year-ago period, FADA data showed Commercial vehicle retail sales also witnessed an 89 per cent year-on-year increase last month at 67,696 units....
LIC to invest Rs 80.67 crore in rights issue of its Nepal joint venture

LIC to invest Rs 80.67 crore in rights issue of its Nepal joint venture

by AIP Online Bureau | Jul 5, 2022 | Indian News, Life

LIC, which got listed on the bourses in May, will hold its first Annual General Meeting on September 27, 2022, according to stock exchange filing. Mumbai: State-owned LIC will invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal) Ltd. The...
RBI gives green signal to HDFC, HDFC Bank merger proposal

RBI gives green signal to HDFC, HDFC Bank merger proposal

by AIP Online Bureau | Jul 4, 2022 | Banking & Bancassurance, Indian News

Touted as the biggest transaction in India’s corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan Mumbai: HDFC Bank on Monday said it has...
Finance ministry asks CPSEs, govt depts to exempt PSU gen insurers from 1.5 solvency requirement in official tenders

Finance ministry asks CPSEs, govt depts to exempt PSU gen insurers from 1.5 solvency requirement in official tenders

by AIP Online Bureau | Jul 4, 2022 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

The Government has recently infused capital in these three general insurers and stands committed to provide more capital, as may be required, said an “office memorandum” signed by Mandakini Balodhi , director(Insurance), MoF. High solvency ratio makes...
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