Zopper has been awarded the project by the Indian insurers,...
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Global investors and businesses have to factor terror risk into their decision making: FM
`Businesses can no longer be just attracted by policies or by the...
Yogi govt to set up ‘Digital Doctor Clinics’
A Digital Doctor Clinic is a primary health centre that combines...
Indian automotive aftermarket may touch Rs 75,000 cr by 2020: Report
The states of Tamil Nadu, Andhra Pradesh, Karnataka and Kerala together contribute more than 75 percent of the total aftermarket potential
3 consultants in final race to bag PSU gen insurers merger deal
Three consultants, Boston Consulting Group, Ernst & Young and Oliver Wyman, a part of the Marsh & Mclenan Group, are in a race to prepare strategies for facilitating the proposed merger of three state owned general insurers-National Insurance Company(NIC), Oriental Insurance Company(OIC) and United India Insurance (UII).
IMD develops technology to assess rise of water level in rivers, reservoirs by rain
“We should be able to generate a scenario where we can take decisions to release water or not release it. It will be helpful for every state authority to take decision. We can run this system in pre-event scenario. We are now in a position to use to this technology into service,” Ramesh said at an event organised by the Centre for Science and Environment.
Bharti Axa Life new biz premium jumps 52% to Rs 398 cr in H1
“Our focus on traditional products, cost management, customer centricity and digitisation will help us achieve qualitative performance in the journey of growth,” said Vikas Seth, managing director and chief executive officer, Bharti Axa Life Insurance.
IndiGo plane tilts mid-air, airline denies engine issue; probe ordered
“The pilot’s report says the aircraft yawed. Now, the angle or the degree of the yaw is to be determined and that would reveal the seriousness of the matter. We have already started our investigation,” the official noted.
IDBI bank yet to take call on exiting IDBI Federal Life Insurance
“We started the sale process in the insurance joint venture, but then the LIC deal occurred. The sale process is on hold now. We will take a decision on IDBI Federal Life Insurance in consultation with LIC once it completes its investment,” said Rakesh Sharma, Chief Executive Officer and Managing Director of IDBI Bank, in its post-results press conference.
Half of India’s ATMs may close down by March 2019, warns Industry body
The industry body said that recent regulatory changes, including those on hardware and software upgrades, coupled with mandates on cash management standards and the cassette swap method of loading cash, will make ATM operations unviable, resulting in the closure
Apollo Hospitals, a $2 bn health empire, makes a comeback
Health-care is becoming one of India’s largest businesses, with the size of the hospital industry projected to more than double to $133 billion over the next four years, according to the government’s India Brand Equity Foundation. Most patients pay health costs out of pocket, but incomes are rising and the insurance industry is developing. More Indians could be insured over the coming decades as Prime Minister Narendra Modi’s government expands a new initiative to provide health insurance for the poorer half of the country’s population.
Important to address concerns quickly in cyber era, Nestle CEO on Maggi crisis learning
Maggi was banned by the Food Safety and Standards Authority of India (FSSAI) in June 2015 for five months for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Following legal battles, the popular noodles brand was back in the market in November 2015.
GI Council reconstituted, IRDA nominates four new members
As the new nominated members by the IRDAI, former additional chief secretary, Andhra Pradesh, C R Biswal has been inducted in the council as the eminent person not connected with insurance.The other nominated members of the council are Vikram Jit Singh Chhatwal¸ whole time director, Medi Assist Insurance TPA as the TPA representative, Saumil Dilip Mehta, director, Mehta & Padamsey Insurance Surveyors & Loss Assessors Pvt as the Surveyors & Loss Assessors representative, V V Venkatasubramanian as the policyholders representative and Y Ramanand Rao as the agents’ representative