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Exports from Kolkata port may be hit due to soaring freight rate rice ban geopolitical turmoil
"Freight costs have soared to USD 400-500 per 20ft container and...
FAA restrictions on Boeing 737 MAX manufacturing expansion cast uncertainty for Indian carriers
In a statement, the FAA said: "We will not agree to any request...
More suicides among unemployed, self-employed than farmers in 2018: Report
“Government servants accounted for 1.3 per cent (1,707) of the total suicide victims as compared to 6.1 per cent (8,246) of total victims from private sector enterprises. Employees from public sector undertakings formed 1.5 per cent (2,022) of the total suicide victims, whereas students and un-employed victims accounted for 7.6 per cent (10,159) and 9.6 per cent (12,936) of total suicides respectively,” it said.
Goal of making India $5 trillion economy difficult, not impossible: Gadkari
“Our country has plenty of resources and production capacity. Despite that we are spending crores every year on importing goods like medicines, medical devices, coal, copper, papers, etc,” the Union minister said.
Boards of UII & OIC approve merger proposals, NIC to follow suit on Monday
Like in the PSU banking industry, where three banks have already been merged and 10 more are already in the process to be merged into four, the merger resolutions of the boards of the three companies will now facilitate approval s by the Union Cabinet.However there is no clarity on the raodmap for the merger.
ICICI Lombard General Insurance Q3 net at Rs 294 cr, up 23%
The company’s combined ratio stood at 98.7 percent in Q3FY20 compared to 95.9 percent in Q3 FY19.The insurer’s underwriting losses for Q3 stood at Rs 22.04 crore compared to loss of Rs 28.59 crore loss in the year-ago period
IRDAI chief cautions insurers against predatory pricing
When asked about his view on raising foreign investment in insurance sector from the current 49 per cent, he said IRDAI had sought opinions of stakeholders on raising foreign holding to 74 per cent and comments received have been forwarded to the government
Cyber and climate change rank as top risks for India Inc:Allianz
Climate change rises to its highest-ever position, jumping six spots to (#2 with 30%) as global warming has become an increasing concern for companies and nations. Business Interruption remains at #3 (30%).
Govt has money for statues, not public health: Bombay High Court
Public health has never been a priority for the government, the bench said, adding that the “chief minister is busy inaugurating bridges”.
Digital, physical retail have own advantages, challenges: Kishore Biyani
“Physical has its own advantages and nuances and digital has its own advantages. Both of them came in different eras and they will meet, I think in next 3-4 years it will be ‘phygital’,” Biyani said.
IRDA approves 33 regulatory Sandbox proposals
Some of the other general insurers who have received regulatory approvals for their regulatory sandbox projects are- Religare Health Insurance, Bharti Axa General Insurance Co Ltd, Kotak Mahindra General Insurance, TATA AIG General Insurance, SBI General Insurance, Acko General Insurance Ltd, Liberty General Insurance Ltd, Reliance General Insurance Co, Edelweiss General Insurance.
RBI issues new debit and credit card rules to improve security
RBI has directed banks and other card issuers to enable cards only for use at contact based points i.e. ATMs and Point of Sale (Pos) devices within India at the time of issue of the cards. This means that when a card is issued it will, by default, only be usable to physically swipe at a PoS or at a ATM. It would not be enabled for use online or for contact-less transactions.