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Mukesh Ambani owns same Boeing jet that was in Alaska Air accident
Reliance has several other jets in its corporate fleet, including...
DGCA says checks of Boeing 737-8 Max planes completed satisfactorily
"These checks have been satisfactorily performed on the fleet of...
Many countries have cautioned on rushing into crypto currencies, says Sitharaman
“Some of them (countries) of course even suggested that they shouldn’t be using, all of us shouldn’t be using the name stable currency because that’s the expression they used. Many cautioned to the extent saying even the name should not be stable currency, it should relate to virtual currency or something of the kind,” she said.
SBI General PAT at Rs 278 crs, up 9% in H1 FY 2019-20
The general insurance arm of banking major State Bank of India (SBI) reported an underwriting profit of Rs 37 crores in H1 19-20.
“Our focus on our claims promise has remained undeterred we have consistently delivered on it with Rs 1196.96 cr settled in H1 FY 19-20. We have settled 99 per cent of claims during some of the recent natural catastrophes”, said Pushan Mahapatra, MD & CEO, SBI General Insurance.
ICICI General Insurance net profit at Rs 308 cr, up 5% in Q2 2019-20
The company’s combined ratio stood at 101.5 per cent in H1 FY2020 compared to 100.1 per cent in H1 FY2019 primarily on account of long-term motor policies and losses from catastrophic events in various states (estimated to be Rs 61 crore).
IAG exits SBI General Insurance, sells 26% to Premji and Warburg Pincus for $432.38 ml
According to the new agreements Premji Invest (Premji) and Warburg Pincus Group to acquire to acquire a 16.01 per cent and 9.99 per cent respectively in the SBI General Insurance.
Aviation regulator DGCA gives its approval to 5 firms to manufacture drones
Recently, the DGCA gave its nod to the Board of Control for Cricket in India (BCCI) to live telecast feed from inside stadiums obtained via drones.With the advent of drones, a great need for anti-drone technology is also being felt, given the recent terrorist attacks overseas orchestrated via UAS, while a few domestic companies are said to be ready to provide a solution for this future threat as well.
Karnataka most innovative state, Delhi tops UT segment: Niti Aayog
The India Innovation Index 2019, developed on the lines of Global Innovation Index (GII), looks into the innovation ecosystem of Indian states and union territories to help policymakers design policies to drive innovation across regions
No better place to invest in the world than India: Nirmala Sitharaman
“It (India) is one of the fastest growing (economies) even today. It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law,” Sitharaman said on Wednesday.
India’s commitment on climate change best among several nations: Nirmala Sitharaman
Sitharaman said that while India can be found somewhere between 10 and 15 position or even further down in terms of carbon emission, it is the best among any set of countries in terms of commitment to fight against climate change.
Fairfax exits ICICI Lombard; sells stake worth Rs 2,627 crore
On Wednesday, FAL Corp offloaded little over 2.23 crore shares in the insurer at a price of Rs 1,177.64 apiece. At that price, the sale is worth around Rs 2,627 crore, as per bulk deal data available on the National Stock Exchange.
IMF Downgrades India’s Growth Projection to 6.1% in 2019
“Growth will be supported by the lagged effects of monetary policy easing, a reduction in corporate income tax rates, recent measures to address corporate and environmental regulatory uncertainty, and government programs to support rural consumption, the IMF said.