The high court said when the man was alive, there was no...
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At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23
A dividend cheque of Rs.1083.60 crore for FY 2022-23 was handed...
Availability of containers not affected due to Red Sea crisis: Patel
Minister of State for Commerce and Industry Anupriya Patel said...
Mega bank consolidation: Meeting April 1 deadline appears challenging
It is believed that the Prime Minister’s Office (PMO) has sought details from these lenders about their financial projections for the next three to five years. Details in respect of NPAs, capital requirement, credit growth and cost savings on account of the mergers have been asked for, officials said.
India needs to remove growth impediments to achieve $5 trillion economy:CEA
The Arthashastra stresses on ethical ways of creating wealth, he said, adding that we need to focus on creating trust in the markets as well. If governance standards have to be increased in the country, there has to be a greater focus on disclosing related-party transactions, the CEA said. The comments come in the wake of frauds like the one at non-banking lender DHFL.
Robust surveillance stalled coronavirus: Health minister Harsh Vardhan
As part of the Centre’s efforts to management of Novel Coronavirus (COVID19), 21,805 passengers have been brought under community surveillance. In addition, 3,97,152 flight passengers and 9,695 travellers at sea ports have been screened.
Autos contribute 7% of carbon dioxide in India: M&M’s Pawan Goenka
India is at present five years behind China when it comes to EVs, but can lead the world on a research and development as well as production front, he noted.
Fintech investments in India doubled to $3.7bn in 2019, 13.7 % in Insurtechs:Accenture Report
Investments in payments companies more than tripled to $2.1 billion from about $660 million in 2018, while funding into insutechs rose 74 percent to $510 million
Round-the-clock power supply via renewable-thermal bundling: Draft policy
Accordingly, a power generating firm will have to supply electricity such that at least 51 per cent of the annual energy supplied corresponds to renewable energy and the balance is drawn from thermal sources.
Axis bank may pick up 20%-30% stake in Max Life
Mohit Talwar, vice chairman, Max Group and Managing Director, Max Financial Services said, “The proposed long term partnership between Axis Bank and Max Life is a natural evolution of what has been a highly productive and mutually beneficial affiliation. It will infuse fresh impetus into the teams in both companies and will motivate them to serve customers effectively and efficiently. I believe that this will be one of the most value-accretive partnerships in the Indian life insurance industry. ”
Raising insurance coverage to 90pc to help cut exporters” cost: SBI chief
Kumar suggested that enhancing the insurance coverage from the Export Credit Guarantee Corporation of India (ECGC) to 90 per cent can help banks reduce collateral for exporters.
Trump’s India visit: Westinghouse, NPCIL to sign pact for nuclear reactors
India has made clear there is no going back on the 2010 Civil Liability for Nuclear Damage law that foreign governments and vendors say leaves open the possibility of lawsuits against suppliers for nuclear accidents, rather than the operators of the plants.
Cabinet makes Pradhan Mantri Fasal Bima Yojana voluntary for farmers
-These changes are proposed to be implemented from Kharif’ 2020 Season throughout the country.
-The cabinet has also decided that allocation of crop insurnace business to insurance companies to be done for three years. The Cabinet now has allowed subsidy to concerned insurers beyond a prescribed time limit.Also cut-off dates for invoking this provision for Kharif and Rabi seasons will be 31st March and 30th September of successive years respectively (Both PMFBY/RWBCIS).