Many of the capital's 20 million residents complained of irritation...
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India debut 50-year bond fully sold on increasing insurer demand
The nation’s burgeoning life insurance and pension fund industries,...
Zurich Insurance to pick up 51% in Kotak General Insurance for $488 million, to raise its stake by another 19% in future
·Zurich will acquire an additional stake of up to 19% over time. It...
Govt tightens norms for etailers, bars exclusive deals
“An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the permitted to sell its products on the platform run by such marketplace entity”. ..
With Rs 60 cr, E&Y gets 18 months to devise strategies for merger of 3 PSU general insurers
With E&Y getting 18 months timeframe for preparing the basic strategies, the deadline for completing full merger of three companies, National Insurance Company(NIC), Oriental Insurance Company(OIC) and United India Insurance (UII). with all its legal and IT and operational complexities, will be easily extended into FY 2022, said analysts.
Seqrite detects over 2.6 cr cyberthreats targeting Indian firms during Jul-Sept
“Growing inter-connectivity has demolished traditional security perimeters. Every endpoint, every node, every device connected to enterprise networks has become a point of entry for attackers looking to steal invaluable information and disrupt business operations
Premium of non-life insurers rises 27% to Rs 12,551 cr in November
Six standalone private health insurers registered a jump of 48 percent in their premium income at Rs 903.06 crore last month
IoT to unlock revenues worth $11.1 billion by 2022: Study
Connectivity will move beyond people to connect billions of devices, vehicles, household appliances and machines, the study said estimating that in a hyper-connected India, the Internet of Things (IoT) has the potential to reach 2 billion connections, and unlock revenues of USD 11.1 billion by 2022.
Indiabulls receives IRDAI nod for its life insurance venture
Also, the country’s first dental insurance company OCARE set up by Neeraj Seth, a dentist by profession, that received its R1 license in July, will apply for the R2 in Feb.
The insurer has a capital of Rs 230 crore
Radiant Life Care backed by KKR acquires Max Healthcare
The merged entity will operate over 3,200 beds throughout 16 hospitals across India, including tertiary and quaternary care facilities offering high end critical and super speciality care supported by strong local brands such as BLK Hospital, Max Saket Hospital, Max Smart Hospital, Max Patparganj Hospital, and Nanavati Hospital
FPIs infuse Rs 4,000 crore in 3 weeks on strengthening rupee, easing crude prices
FPIs have pulled out over Rs 84,200 crore from the capital markets so far this year. This includes close to Rs 34,000 crore from equities and Rs 50,200 crore from the debt market
Avoid cap on remuneration of independent directors: CII to govt
“Any cap would be regressive to the current mechanism prescribed under the Companies Act, 2013 and the SEBI regulations. Obtaining income details of independent directors would be difficult as directors may not be willing to share the income information. This is so especially in the light of Data Privacy Laws,”
Himalayan glaciers retreating at alarming rate: Parliamentary panel
The panel chaired by senior BJP leader Murli Manohar Joshi noted that “reckless and irresponsible” tourism in the Himalayan ecosystem is one of the major reasons for environmental degradation and asserted that with the construction of roads and luxurious amenities for tourists, the number of people visiting has vastly increased which is increasing the pressure on the ecosystem.