Joshimath was hit by landslide and ground subsidence and the...
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Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon
Though as early as July, the government had advertised for...
LIC launches guaranteed return plan Jeevan Utsav
(Lto R) M Jagannath, MD, LIC and Siddhartha Mohanty,chairperson,...
Regulator orders J&J to stop using raw material to make Baby Powder in India
“We have confirmed to the Indian authorities that we do not add Formaldehyde as an ingredient in our shampoo nor does Johnson’s baby shampoo contain any ingredient that can release formaldehyde over time. Our products are safe to use and conform to all applicable standard under the D&C (Drugs and Cosmetics) Act and D&C rules,” it said.
IL&FS case: Govt likely to ban Deloitte for 5 yrs for alleged malpractice
In January, 2018, nine years after the Satyam scandal stunned corporate India, SEBI banned Price Waterhouse (PW) from providing audit services to listed companies and market intermediaries for two years in the Satyam fraud. Two PW partners were banned for three years. The regulator also imposed a disgorgement of Rs 130.9 million on Price Waterhouse, and two of its chartered accountants – S Gopalakrishnan and Srinivas Talluri.
HDFC Life Insurance net profit rises 5% to Rs 364 cr in March quarter
“In line with our stated strategy, we continue to focus on profitable growth and providing the best value proposition to our customers, partners and shareholders,” HDFC Life Insurance Managing Director and Chief Executive Officer Vibha Padalkar said in a statement.
ICICI Prudential Life Q4 profit slips 23% to Rs 261 crore
The embedded value (EV) of the company increased by 15.1 per cent to Rs 21,623 crore at the end of March 2019, the company said in a statement.
SBI offers 20 bps discount on electric vehicle loans
“We believe SBI green car loan (electric vehicle) scheme would act as a change agent in the auto loan segment and encourage customers to switch to electric vehicles which can improve overall air quality and lower carbon emissions,” SBI managing director, retail and digital banking, PK Gupta said.
Aadhaar never collected individual data, it’s just an ID: Nandan Nilekani
“It (Aadhaar) is a much simpler system because the privacy problem becomes more acute when there is an organisation collecting data on you. Aadhaar was never collecting data on you.All that Aadhaar was doing was giving an ID and doing the verification. So, it is not really a great candidate for this (surveillance),” Nilekani said.
Acko and Rapido tie-up to insure customers and captains
The comprehensive cover offered by Acko kicks in the moment a ride begins and secures the captain and customer against a multitude of risks. Besides death and disability where the sum insured is up to Rs 5 lakh, this cover also includes loan protection, medical expenses reimbursement and OPD treatment. Additionally, for captains, the insurance also covers child education, helmet and mobile damage
Life insurance industry’s new prm grows 11 % to Rs2,14,672 cr in 2018-19, Private sector gains market share
23 private players have mobilised a total premium of Rs72,461 crore, registering a growth of 22 per cent . However, in terms of policies, at 72,54,556,these players have just recorded a growth of 5.74per cent.With a markert share of almost 7 percent , the listed HDFC Life has emerged as the largest private sector players and second largest life insurance player in the country.
SBI Gen Insurance launches Cyber Defence insurance
SBIG’s Cyber Defense Insurance offers both first & third-party coverage benefits including coverage options for Contingent Business Interruption, System Failure, Reputational Loss, Multimedia Liability and Computer Crime. The crisis response service that comes with this product enables swift and efficient management of cyber events and provides IT forensic investigations, legal advice, reputational and PR management.
Deposits in Jan Dhan accounts fast inching towards Rs 1 lakh crore mark
The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 with an aim to provide universal access to banking facilities to all households.Enthused by the success of the scheme, the government enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after August 28, 2018.The overdraft limit was also doubled to Rs 10,000.