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RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh
"Considering the crucial role of non-executive directors in...
Govt formulating action plan to compensate victims of cyber financial frauds
Vivek Joshi, Secretary, Department of Financial Services Also...
Coronavirus update: COVID-19 cases rise to almost 100 in India, Maharashtra tops the list
With the number of coronavirus positive cases shooting to 31, Maharashtra has emerged as the worst-hit state in the country. Five new cases were detected in Pimpri-Chinchwad in Pune district, late on Saturday night, a health official said.
India declares coronavirus outbreak as a notified disaster
The move would enable the states to spend a larger chunk of funds from the State Disaster Response Fund (SDRF) to fight the pandemic.
AI cancels flights to Italy, South Korea, Kuwait; curtails services on five int”l routes
“Air India has only curtailed services to France, Germany, Spain, Israel and Sri Lanka till April 30,” the spokesperson said.
Earlier, a senior official, who did not want to be named, said the carrier has decided to temporarily suspend services to Italy, France, Germany, Spain, Israel, South Korea and Sri Lanka due to the coronavirus outbreak.
India reports second death from coronavirus
So far, a total of 82 positive cases of Coronavirus have been traced in the country, according to the data provided by the Union health ministry. Among the 82, there are 17 foreign nationals and 65 Indians who have tested positive for coronavirus. Five people have been cured so far, and two people have succumbed to it. A maximum of 19 positive cases have been reported from the state of Kerala including the three cured patients who had returned from China’s Hubei province.
RM Vishakha re-appointed as MD & CEO of IndiaFirst Life Insurance for 5-yrs
Under her aegis, IndiaFirst Life’s asset under management (AUM) grew to Rs 15,000 crs as of March 31, 2019. In the last five years, the company has grown impressively from 20th rank to 12th rank in the retail business. The individual CAGR has reached to 44%. IndiaFirst Life’s customer base has strengthened to over 7 lakhs from 93 thousand.
Govt, RBI closely monitoring markets: FM
“Global markets have undergone severe volatility, and we are monitoring the situation. It is no consolation to say that stock markets in India and elsewhere have suffered. Globally there are serious repercussions being felt. We are conscious of the developments. Together with the RBI, we are monitoring and making sure where necessary, we take steps,” Sitharaman said at a post-Cabinet press conference.
Mayhem on D-Street wipes off investor wealth worth over Rs 8 trillion
The equity selloff intensified after the World Health Organization (WHO), late Wednesday night, termed the the new coronavirus outbreak as a pandemic, and expressed deep concern over the “alarming levels of inaction”.
Hadi Riachi to replace Satish Raju as Swiss Re’s India CEO
“We believe that Asia will drive 50 per cent of Swiss Re’s growth in this decade and part of that growth lies in our ability to capture the opportunities in high-growth markets, which includes India. With Hadi on-board, we have a leader with a wealth of experience in the P&C business and a proven track-record in realising the potential and opportunities in a high growth market environment, which will be instrumental to our growth plans in India.,” said Victor Kuk, head of P&C solutions, Southeast Asia, India, Korea, Hong Kong and Taiwan.
Coronavirus case count touches 73 in India
While the Union ministry maintained that there are two confirmed cases of the infection in Maharashtra, the state health officials put the number to seven.Rajasthan, Telangana, Tamil Nadu, Jammu and Kashmir and Punjab have reported one case each, the ministry said, adding Kerala has till now reported 17 cases, including the three patients who were discharged last month following recovery.
RBI asks state govts not to move deposits out of pvt banks; says money is safe
“We strongly believe that such a move can have banking and financial sector stability implications,” the RBI wrote. “We feel that apprehension on the safety of deposits in private sector banks is highly misplaced and will not be in the interest of stability of the financial system in general and the banking system in particular.”