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India warns Facebook, YouTube to enforce rules to deter deepfakes – sources
Rajeev Chandrasekhar, minister, Electronics and Information...
LIC exploring possibility of setting up fintech arm, BCG to implement the project: Chairman
Siddhartha Mohanty, Chairperson, LIC, administering the Pledge of...
U.S. and India commit to building six nuclear power plants
The two countries have been discussing the supply of U.S. nuclear reactors to energy-hungry India for more than a decade, but a longstanding obstacle has been the need to bring Indian liability rules in-line with international norms, which require the costs of any accident to be channelled to the operator rather than the maker of a nuclear power station.
MR Kumar takes charge as LIC chairman
T.C.Suseel Kumar has also taken charge as one of the Managing directors of LIC today while Vipin Anand will be taking over as one of the MDS after Sunita Sharma retires on March 31
Boeing 737 Max grounding: Aviation ministry calls meeting at 4pm with airlines for contingency plan
A DGCA spokesperson, on Wednesday morning, said,” The B737Max operations will stop from/to all Indian airport’s. Additionally, no B737 Max aircraft will be allowed to enter or transit the Indian airspace effective 1600hrs Indian time or 1030 UTC.”
Binny Bansal and others invest $ 65 mn in Acko general insurance
The company is backed by Amazon, Accel, SAIF, Intact Ventures, RPS Ventures, Binny Bansal -co-founder of Flipkart,Narayan Murthy’s Catamaran Ventures, Swiss Re, Transamerica Ventures, Kris Gopalakrishnan – Co-founder of Infosys,AtulNishar – Founder & Chairman of Hexaware Technologies,Ashish Dhawan of ChrysCapital, Hemendra Kothari of DSP Blackrock, Rajeev Gupta, veteran investment banker and Founder of Arpwood Capital, Subba Rao of NuVentures and Venk Krishnan.
MR Kumar appointed LIC chairman, Susheel K and Vipin A as MDs
In a late evening move the Department of Personnel and Training( DOPT) has also notified the appointment of TC Suseelkumar, ZM, Hyderabad, Vipin Anand as the managing directors of the corporations.This is the second time in the last 18 years when an executive director has been directly appointed as the chairman, on par with a secretary of the Government of India, of the corporation.
MARSH increases stake in MARSH India to 49%
Alex Moczarski, Chairman of Marsh & McLennan Companies International and chairman of the board of Marsh India, said: “As companies in India look to expand both domestically and into international markets, they need the very best risk and insurance advice to help them navigate an increasingly complex global risk landscape. We are committed to working closely with our colleagues in India as they continue to bring the very best global expertise to local clients.”
Standardisation of rates and procedures of healthcare providers necessary:Khuntia
Ayushman Bharat which has completed 170 days since its launch has benefited 15 lakh people for which Rs. 2000 crore has been provided for. The private sector had stepped in a big way and the coverage is expected to rise to 100 million in the next one year.
Standard Life to sell 4.93% stake in HDFC Life for Rs 3,500 crore
A sell down of 4.93 per cent by the Standard Life would help the HDFC Life increase it’s public float to 24.2 per cent which is a step closer to IT achieving Minimum Public Shareholding (MPS) prescribed by SEBI. The SEBI Listing Regulations mandates all listed companies to achieve MPS of 25 per cent within 3 years of listing. At present, Standard Life holds 29.2 per cent stake in the life insurance company while HDFC, the majority stakeholder, has 51.5 per cent stake. After the stake sale, Standard Life’s shareholding in HDFC Life will come down to 24.27 per cent.
IRDAI seeks proposal from LIC on stake reduction in IDBI Bank
“We will decide on the timeline (for stake reduction by LIC in IDBI Bank). We are not leaving it to them. I have asked them (LIC) to give a proposal and after that we will take a decision,” IRDAI Chairman Subhash Chandra Khuntia said on the sidelines of an event organised by Ficci here.
Bharti AXA Life Insurance hires 10,000 insurance advisors and sets up 50 new branches across India
The annualised new business premium grew 48 per cent to Rs 422 crore in the first nine months of 2018-19 against Rs 286 crore in the similar period of 2017-18. The company posted 19 per cent growth in its renewal premium Rs 742 crore in the first three quarters of this fiscal, as compared to Rs 623 crore in the same period during the financial year 2017-18